R/€ = 0.15 Change: 0.00
R/$ = 0.13 Change: 0.00
Au 1327.22 $/oz Change: 0.00
Pt 1024.50 $/oz Change: 0.00


Land expropriation important for South Africa’s transformation – Cronin

By: Anine Kilian     Updated 7 hours ago Property ownership in South Africa is hugely skewed and there is major asset inequality in the country, Public Works Deputy Minister Jeremy Cronin stated at the Rode-REIM Property Conference 2016 on Tuesday. Making the case for the implementation of the Expropriation Bill, which sets out the... 

Illegal mining out of control – Mine Rescue Services

By: Natasha Odendaal     Updated 7 hours ago A surge in the number of mine rescues and recoveries at abandoned and disused operations is an indication that the illegal mining scourge is starting to spiral out of control, and the recorded incidents are just the tip of the iceberg. The Chamber of Mines and Mine Rescue Services (MRS) on... 

At 50, Botswana discovers diamonds are not forever

By: Reuters     26th September 2016 When David Magang opened Botswana's first domestic law firm shortly after independence in 1966, he and his country were starting from scratch. Since then, both he and the former British protectorate, which celebrates its fiftieth birthday this week, have travelled a huge distance based largely on... 

RioZim chooses Chinese group to design $2.1bn power plant

By: Bloomberg     26th September 2016 RioZim chose a State-owned Chinese company to design a $2.1-billion power plant it plans to build in Zimbabwe, which faces frequent blackouts, and is lobbying South Africa’s electricity utility to buy from the facility to help attract investors. State Nuclear Electric Power Planning Design and... 

Food & drink technology Africa—the success continues

     23rd September 2016 Over 40 percent increase in participant numbers Leading networking and knowledge platform for the beverage and food industry in Africa 20 percent more exhibition space Food & drink technology Africa (fdt Africa) is continuing its success story. The most important sector event for the food and... 

Cushman & Wakefield Excellerate Advisory appoints Gavin Klarmann to head its comprehensive property occupier and investor advisory services

     23rd September 2016 Cushman & Wakefield Excellerate Advisory has received a considerable boost with the appointment of real estate industry veteran Gavin Klarmann, who is committed to continue driving property advisory disciplines forward in South Africa, and delivering the best international standards in the local... 

Premier to deliver updated RHA resource statement end-Sept

By: Natasha Odendaal     23rd September 2016 Aim-listed Premier African Minerals on Friday said the results of a review of the immediately available underground resources at its RHA tungsten project, in Zimbabwe, will be released before the end of September. The mining and exploration company is developing a revised resource for RHA to... 

Entrepreneurs form joint venture to boost renewable energy service

By: Dylan Slater     23rd September 2016 With over 600-million people in Africa living without electricity, four entrepreneurs have joined forces in an effort to reduce this volume of people without access to electricity with the formation of renewable energy company ePower Holdings.  

Limpopo’s proposed SEZ attracts R40bn investment

     23rd September 2016 A significant investment is already expected to be injected into the proposed Musina-Makhado Special Economic Zone (SEZ) - a boost for the energy and metallurgical industries. A consortium of Chinese investors led by Hong Kong Mining Exchange, will be investing more than R40-billion into an... 

Education Innovations in Africa Could Level Playing Field for Millions of Students Worldwide

     22nd September 2016 African public-private partnerships are fast-tracking education improvement from primary school to university, potentially levelling the playing field for millions of students worldwide. In the face of electricity shortages and over-crowding, African public-private partnerships are integrating... 

Premier upbeat about drilling results at Zimbabwe lithium project

By: Megan van Wyngaardt     20th September 2016 Aim-listed Premier African Minerals has received encouraging results from its 2 500 m drilling programme at the Zulu lithium project, in Zimbabwe. The first diamond core hole intersected 9.5 m of visual spodumene petalite lithium mineralisation, from a down hole depth of 10.5 m. 

Case against 22 illegal miners in Welkom postponed

By: News24Wire      20th September 2016 The case against 22 illegal miners arrested at a Welkom gold mine was postponed in the Bloemfontein Magistrate’s Court, Free State police said on Monday. The matter was postponed to September 26 for a formal bail application, Captain Stephen Thakeng said. 

More illegal miners die, this time in Welkom

By: News24Wire      19th September 2016 The South African National Civic Organisation (Sanco) has expressed sadness at the deaths of two illegal miners at the Eland shaft of Harmony mine in Welkom. In a statement issued on Saturday, Sanco spokesperson Jabu Mahlangu called on authorities to intensify the crackdown on unlawful mining... 

Volunteer rescue workers retrieve last body from Langlaagte mine

By: News24Wire      14th September 2016 Twenty-two volunteer rescue workers had to endure a long night as they miraculously retrieved the bodies of the last two miners that were still trapped underground at the Langlaagte mine. Chairperson of the Zimbabwe Community in South Africa Ngqabutho Mabhena, who was on the scene and spoke on... 

Botswana, Mozambique and Zimbabwe revive plan for inter-regional railway project

By: African News Agency      8th September 2016 The governments of Botswana, Zimbabwe and Mozambique have signed a Memorandum of Understanding for the construction of a regional railway line to link Francistown in Botswana to the Mozambican port of Techobanine, through Bulawayo, in Zimbabwe. Once completed, the Port Techobanine Inter-Regional... 

Exciting New Solar Energy Company Set to Light Up Communities All Over Africa

     8th September 2016 The world is moving towards clean renewable resources yet in Africa, we still have over 600 million people living without electricity.   Statistics such as these are easy to overlook. Four entrepreneurs Tariq Yusuf, Brent Peterson, Rudi van der Westhuizen and Thlopie Motsepe have joined forces to... 

Aussie drought aid for Southern Africa

By: African News Agency      8th September 2016 The Australian Government will provide further support to southern Africa in response to the acute food shortages caused by severe El Niño conditions in the region. Australian foreign minister Julie Bishop has announced that Australia will give another 10-million Australian dollars to the World... 

World Bank advises Zambia to stop power and fuel subsidies

By: African News Agency      6th September 2016 The World Bank has advised the Zambian government to cut its expenditure bill by dropping a fuel and power subsidy programme which gobbles nearly $600-million in public funds from the treasury annually. In its latest country-focused cost-cutting advisory report, the global financial institution... 

Platinum supply cliff in sight – Implats

By: Martin Creamer     1st September 2016 Underinvestment in platinum mining is poised to result in serious constraints in platinum supply from South Africa in the future. The early 2020s are foreseen as the years when the current scant investment in growth projects will be severely felt and prices will surprise on the upside after what... 

Implats ups production but earnings fall on low prices

By: Martin Creamer     1st September 2016 Platinum mining company Impala Platinum (Implats) reported increased production in the 12 months to June 30 but plummeting headline earnings a share on low metal prices. Production rose 12.7% to 1.44-million ounces, but headline earnings a share fell 67% to 12c a share on R3.5-billion-higher... 

Boost Africa’s geoscientific knowledge, urges Zwane

By: Kim Cloete     29th August 2016 Mineral Resources Minister Mosebenzi Zwane has called on delegates to the thirty-fifth International Geological Congress (IGC) to rechannel their efforts into development on the African continent, which is lagging in terms of geoscientific knowledge. “On average, expenditure in the generation of... 

SA to cease membership of SADC Troika on Politics, Defence and Security Cooperation

By: African News Agency      29th August 2016 South Africa is to end its membership of the Southern African Development Community (SADC) troika on politics, defence and security, the Presidency has revealed. “South Africa will cease to be a Member of the Organ Troika on Politics, Defence and Security Cooperation on 30 August 2016 when the... 

New fuel-economy benchmarks for diesel and petrol vehicles

By: Irma Venter     26th August 2016 A Porsche Panamera has set a new South African benchmark for how far a diesel-powered vehicle can travel on one tank of fuel, while Volkswagen’s new Passat has done the same for petrol-powered vehicles. With the backing of Continental Tyre, Porsche South Africa, Volkswagen South Africa, Total and... 

Safety dominates Sibanye results presentation as 125% profit surge takes back seat 

By: Martin Creamer     25th August 2016 Top performing precious-metals mining company Sibanye Gold, dismayed by an uncharacteristic spate of mineworker fatalities, began its presentation of high-cash results for the half-year with a safety moment as a mark of its determination to up its safety performance. The 125% surge in profits in... 

Zimbabwe energy distributor scales up debt recovery rate

By: African News Agency      25th August 2016 The country’s energy distributor, Zimbabwe Electricity Transmission and Distribution Company (ZETDC), has intensified its efforts to recover more than $1-billion in debt owed to it by consumers. Of the total debt, domestic consumers account for $300-million. 

Vast’s Pickstone-Peerless output picks up in June quarter

By: Natasha Odendaal     23rd August 2016 Aim-listed Vast Resources on Tuesday reported strong performance from its Pickstone-Peerless gold mine (PPGM), in Zimbabwe, during the three months to June 30. The operation delivered a 62% increase in gold production to 4 542 oz during the June quarter, with the plant consistently exceeding 20... 

Vast Resources’ CFO to step down

By: Megan van Wyngaardt     19th August 2016 Aim-listed Vast Resources is in advanced discussions with a figure who will succeed Graham Briggs as nonexecutive director. Once the new appointment is made, Briggs will assume the role of CE of Vast's Zimbabwe operations. 

Brief history of 15th ICG, the first to be hosted in Africa

By: Jade Davenport     19th August 2016 The City of Cape Town is set to host the thirty-fifth International Geological Congress, the most prestigious of geoscientific conferences held every four years, between August 27 and September 4. While it is certainly an exciting occasion for South Africa, it is interesting to note that the... 

ASA Resources reports strong Q1 gold, diamond sales

By: Megan van Wyngaardt     11th August 2016 Multicommodity miner ASA Resources recorded a strong quarter to June 30, with gold sales up 2% quarter-on-quarter to 14 463 oz and diamond sales up 74% quarter-on-quarter to 30 888 ct. The Aim-listed company attributed the growth in gold sales to higher head grade at its Freda Rebecca operation,... 

Caledonia sees record production from Zim mine in Q2

By: Megan van Wyngaardt     11th August 2016 Aim-listed gold miner Caledonia Mining increased production at its 49%-owned Blanket mine, in Zimbabwe, by 15.6% quarter-on-quarter to 12 510 oz in the three months ended June 30. The higher output was attributed to increased tonnes mined and milled and improved grade. 

Porsche Panamera, VW Passat set new fuel benchmarks

By: Irma Venter     10th August 2016 A Porsche Panamera has set a new South African benchmark for how far a diesel-powered vehicle can travel on one tank of fuel, while Volkswagen’s new Passat has done the same for petrol-powered vehicles. With the backing of Continental Tyre, Porsche South Africa, Volkswagen South Africa, Total and... 

Metallon lifts Q2 production by 9%

By: Anine Kilian     10th August 2016 Africa-focused Metallon Corporation produced 22 565 oz of gold in the second quarter of this year – a 9% quarter-on-quarter increase – mainly as a result of the performance of its How mine, in Zimbabwe. The higher output comes despite power interruptions that led to Metallon losing 112 hours, or... 

SAIMM to inaugurate new president

By: Megan van Wyngaardt     8th August 2016 The Southern African Institute of Mining and Metallurgy (SAIMM) will on Thursday welcome Professor Cuthbert Musingwini as its president. Musingwini, who is currently the University of Witwatersrand School of Mining and Engineering head, started his career as a graduate trainee with Lonrho... 

On-The-Air (05/08/2016) 

By: Martin Creamer     5th August 2016 Treated acid mine water was this week relished by analysts and journalists as they drank it down during a visit to a West Rand gold mine; Impressive farming is under way on mine property to ensure that the local economy is not hurt when the mines close 30 years from now; and Zimbabwe has until... 

South Africa wants answers on Zim trade restrictions by end August

By: Terence Creamer     4th August 2016 South Africa has given Zimbabwe until the end of August to respond to its long-standing enquiry regarding the imposition of surcharges on various South African imports, as well as more recent, and more hostile, trade restrictions imposed under Statutory Instrument 64 (SI 64), which has disrupted... 

Davies to meet with Zim counterpart to quell trade restrictions

By: Megan van Wyngaardt     2nd August 2016 Trade and Industry Minister Dr Rob Davies will on Thursday meet with Zimbabwe Minister of Industry and Commerce Mike Bimha to find an amicable resolution to the measures implemented by Zimbabwe on products of export interest to South Africa. The neighbouring country in June banned the importation... 

Southern Africa in urgent need of food production assistance

By: African News Agency      29th July 2016 Some 23-million people in southern Africa are in need of urgent support to be able to produce enough food to feed themselves and avoid being dependent on humanitarian assistance until mid-2018, the United Nations agricultural agency has warned. According to the Food and Agricultural Organisation... 

Clearing environmental hurdles to power supply growth

     29th July 2016 Environmental consultant SRK Consulting is developing an enabling framework that will help power projects in South Africa to streamline the process of acquiring environmental approvals, in order to avoid unnecessary delays in implementation. 

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