R/€ = 14.32 Change: -0.19
R/$ = 13.09 Change: -0.09
Au 1264.80 $/oz Change: -10.37
Pt 956.00 $/oz Change: -4.00


Sibanye’s Stillwater buy wins strong shareholder support

By: Martin Creamer     Updated 3 hours ago Shareholders have voted overwhelmingly in favour of Sibanye acquiring Stillwater, the US platinum group metals (PGMs) company. The number of shares that voted in favour of the proposed deal made up 83% of Sibanye’s total issued share capital. 

ANC to introduce amended land claims bill in May

By: Reuters     25th April 2017 The African National Congress (ANC) will introduce an amended land rights bill in parliament in May after the top court declared invalid a law that re-opened a process for blacks to make claims on land taken from them during white-minority rule. The Restitution of Land Rights Bill, allowing state... 

Generator giant to expand its Southern Africa network

By: Robyn Wilkinson     21st April 2017 Power generation equipment developer Himoinsa’s new subsidiary, Himoinsa Southern Africa, will provide a base from which the company can develop its geophysical footprint in Southern Africa by expanding and supporting its existing distribution network. 

Mugabe impatient over pace of mining reform

By: Reuters     18th April 2017 Zimbabwe's mining industry needs to be "reorganised" so that it contributes more towards the African country's economy, President Robert Mugabe said on Tuesday. Although he did not give details on what form the transformation would take, his government has, in recent years, pressured mining firms... 

Sibanye wins US thumbs up for Stillwater acquisition

By: Martin Creamer     18th April 2017 Precious metals mining company Sibanye has received unconditional approval from the Committee on Foreign Investment into the United States on the proposed acquisition of platinum group metals mining company Stillwater, which mines and processes the metals in Montana. Johannesburg- and New... 

Gold rush fever among poor Zimbabweans leaves trail of destruction

By: Reuters     17th April 2017 Thousands of unemployed Zimbabweans have turned to illegal gold panning in a bid to survive the country's deteriorating economy, leaving a trail of destruction that has alarmed farmers, timber plantation owners and the country's environmental authorities. Peasant miners have set up makeshift... 

Congo aims to import South African electricity amid deep shortfall 

By: Reuters     12th April 2017 Democratic Republic of Congo hopes to import electricity from South Africa, an expensive measure aimed at reducing a gaping power deficit that has dented mining output in the continent's top copper producer, the chamber of commerce said on Wednesday. Congo is plagued by massive energy shortfalls... 

Work smarter not harder with Atlas Copco SmartROC T45

     7th April 2017 Longer drill rods, improved fuel burn and upgraded software have made the SmartROC T45 Top Hammer drill rig from Atlas Copco even smarter. This rugged and reliable machine will boost production and productivity at limestone and aggregate quarries as well as construction, open-pit and selective... 

Consulting engineer develops process for projects

By: Simone Liedtke     7th April 2017 Project work for global engineering company Hatch’s Environmental and Social Services Group (Hatch ESSG) is picking up significantly, owing to its continual evolution of the Hatch project life-cycle process (PLP) that includes a strong focus on integrating the social, community and environmental... 

Zimbabwe academy uses local machines to build campus

By: Victor Moolman     7th April 2017 Independent school for boys and girls Knowstics Academy, in Manicaland, Zimbabwe, bought three block production machines in June last year from machine manufacturer Hydraform, in Boksburg, South Africa to start construction on new premises that will have separate buildings for boys and girls. 

Implats wins $16m claim in US recycler default fraud case

By: Martin Creamer     4th April 2017 Platinum-mining company Implats has won a $16-million claim for constructive fraudulent transfer during the insolvency in the US of a former recycler of autocatalyst materials, which had a long-standing association with Impala Refining Services (IRS). Johannesburg Stock Exchange-listed Implats... 

SA new-vehicle exports into Africa plummet 73% since 2013

By: Irma Venter     3rd April 2017 New-vehicle exports from South Africa into the rest of Africa continued its steep decline in 2016, notes the National Association of Automobile Manufacturers of South Africa (Naamsa) in its newest quarterly business review. Export sales of new vehicles have declined from 78 787 units in 2013, to... 

New cost-slashing platinum technology ready to roll – Pallinghurst

By: Martin Creamer     31st March 2017 JOHANNESBURG ( – Years of diligent research and development have paid off for Pallinghust group platinum mine Sedibelo, which is now ready to implement an amazing new technology that will send platinum processing costs tumbling down the cost curve, use a fifth of the electricity... 

Eskom to fast-track socioeconomic assessments for five coal stations facing closure 

By: Terence Creamer     30th March 2017 Public Enterprises Minister Lynne Brown has called on Eskom to urgently complete socioeconomic impact assessments for its coal-fired power stations in Mpumalanga, five of which having been earmarked for decommissioning over the coming five years, owing to flat demand and the introduction of new... 

Pioneer reports caesium resource at Dome

By: Esmarie Swanepoel     22nd March 2017 The Sinclair caesium zone, within the Dome lithium-caesium-tantalum project, in Western Australia, has been estimated to host some 10 500 t of caesium ore with a grade of 17.1% caesium oxide. Owner Pioneer Resources has told shareholders that the mineral resource was defined following 22 reverse... 

Premier completes installation of XRT sorter at RHA mine

By: Megan van Wyngaardt     17th March 2017 Aim-listed Premier African Minerals has completed the installation of an X-ray transmission (XRT) sorter at its RHA tungsten mine, in Zimbabwe. The company is optimising and integrating the sorter into the mine’s crushing circuits. 

Multinational group buys South African flavour company

     17th March 2017 Last month, multinational flavour and fragrance company Frutarom announced that it had signed an agreement for the purchase of flavouring company Unique Flavors South Africa for about $6.7-million (R90-million). Unique Flavors engages in the development, production and marketing of flavours, with... 

PPC Zimbabwe’s Harare mill officially opened

By: Natasha Odendaal     16th March 2017 PPC Zimbabwe on Thursday officially opened its $82-million Harare cement milling and dispatch facility, bringing its collective production capacity to 1.4-million tons a year. The project, forming part of PPC’s African expansion strategy, was completed on time and under budget, and boasted a... 

Engen’s partnership with Corner Bakery promises Zambians poultry and motion

     16th March 2017 Engen Petroleum, a leading producer and marketer of fuels, lubricants and oil-based products began trading in Zambia 20 years ago. With the strategic acquisition of a leading competitor and the subsequent rebranding of the business, Engen was able to fast-track the growth of its service station... 

Vast Resources expects Pickstone-Peerless output to double as processing plant progresses

By: Megan van Wyngaardt     15th March 2017 Aim-listed Vast Resources on Wednesday said it is targeting first sulphide production at its Pickstone-Peerless gold project, in Zimbabwe, for the third quarter of this year, following significant progress being made with the construction of a sulphide processing plant. This will enable... 

Global agriculture innovators vie for top honours at Future Agro Challenge awards 

By: Megan van Wyngaardt     13th March 2017 Two South African innovators in the agriculture industry, Reel Gardening and Meat Naturally, will on Wednesday battle it out against 48 other agripreneurs for the title of Agripreneur of the Year. As part of agriculture innovation hub Future Agro Challenge’s (FAC’s) Global Championships, held in... 

Vast appoints new COO

By: Anine Kilian     13th March 2017 Aim-listed Vast Resources has appointed Craig James Harvey COO. He has been a consultant to Vast as chief geologist since 2013 and has delivered a number of milestone achievements for the company, including the completion of a maiden Joint Ore Reserves Committee-compliant resource estimate at the... 

Tongaat’s sugar, maize output to rise on improved rainfall

By: Megan van Wyngaardt     10th March 2017 Tongaat Hulett’s sugar production is expected to increase significantly over the next two years, as the company recovers from the adverse conditions, including drought, in the past two years. Based on good rainfall, the agriculture and agroprocessing business’s South African division is expected... 

Kariba dam rehabilitation project, Zambia

By: Sheila Barradas     10th March 2017 The Zambian and Zimbabwean governments have signed the plunge pool reshaping works contract. 

Platinum demand declines, but still outstrips supply for sixth consecutive year

By: Natasha Odendaal     9th March 2017 This year is expected to be the sixth consecutive year that global platinum consumption has outstripped supply, with a predicted total supply decline of 4% overshadowing the anticipated 6% decrease in demand. Following a “mixed” 2016, the World Platinum Investment Council’s (WPIC’s) latest... 

Sacoil buys majority stake in Afric Oil

By: African News Agency      6th March 2017 Sacoil, the South African based independent African oil and gas company, said on Monday that it had acquired a 71% interest in Afric Oil Group, one of the largest independent fuel distributors in South Africa. Following completion, Sacoil’s portfolio will consist of operated production activities... 

AfDB supports Zimbabwe’s efforts to reform SoEs

By: Anine Kilian     3rd March 2017 African Development Bank (AfDB) Southern Africa regional development and business delivery office DG Tonia Kandiero and Zimbabwe Finance and Economic Development Minister Patrick Chinamasa have signed a $4-million grant agreement to support a State-owned enterprise (SoE) reform and delivery... 

Paramount Group unveils new version of Mwari aircraft

By: Dylan Slater     3rd March 2017 Following a “large increase in customer demand” for the South African-designed, -developed and -built Advanced, High-performance, Reconnaissance, Light Aircraft (Ahrlac), South African defence platforms company Paramount Group announced the unveiling of a new version of the aircraft – the Mwari... 

Africa becoming more attractive to mining investors, but policy stifles South Africa’s mining industry

By: Megan van Wyngaardt     1st March 2017 While Zimbabwe and Mozambique ranked in the bottom ten of the most attractive jurisdictions in the world for mining investment, the Canada-based Fraser Institute’s ‘Annual Survey of Mining Companies 2016’, shows that the continent continues to look better for investors and ranks ahead of Oceania,... 

Air force base sends 60 cadets for training

     24th February 2017 From next year, the South Africa Air Force (SAAF) will send 60 cadets to a military academy in Saldanha in the Western Cape each year to pursue their first degree in their chosen fields. This will include future pilots, navigators, engineers, technicians and other support mustering. 

Cummins to grow its Southern African presence as it celebrates 70-years

By: Schalk Burger     24th February 2017 Power and engine multinational Cummins aims to grow its presence in its Southern  African operations, including Botswana, Zimbabwe, Zambia and Mozambique, says Cummins Southern Africa MD Thierry Pimi. The key industries for Cummins in the region are the mining, power generation and automotive... 

Sibanye reports record operating profit, soaring earnings, good dividend

By: Martin Creamer     23rd February 2017 Precious metals mining company Sibanye on Thursday reported record operating profit of R10.5-billion for the six months and year ended December 31, 2016, a 60% increase on the previous year. Group operating profit of R5.1-billion for the second half of 2016 was 29% higher than for the comparable... 

Adcock Ingram geared for growth after positive H1 results

By: Anine Kilian     22nd February 2017 Each of JSE-listed Adcock Ingram’s business units had posted “solid performances” in the six months to December 31, achieving good growth in turnover and good cost control. The group on Wednesday reported a 70% increase in earnings a share and a 49% increase in headline earnings a share for the... 

Metallon reports 40% y/y Ebitda improvement

By: Anine Kilian     20th February 2017 Zimbabwe-focused gold producer Metallon Corporation grew its earnings before interest, taxes, depreciation and amortisation (Ebitda) by 40% to $18.6-million in 2016, from $13.3-million in 2015.  “2016 was a year of positive progress for Metallon. The business delivered an outstanding Ebitda . . .... 

Asa delivers mixed quarter as Trojan weighs on performance

By: Natasha Odendaal     17th February 2017 London Aim-listed Asa Resources has delivered a mixed performance in the third quarter as commodity prices declined and some lingering operational difficulties persisted at its Trojan nickel mine, in Zimbabwe. However, the company has implemented several mitigating measures to deal with the... 

Luther Erasmus

     17th February 2017 This we feature TLT MechCal and TLT Actom MD Johannes Erasmus. The group is a global leader in the supply of innovative ventilation solutions for the mining, power, industrial and process industries   

€64m Kariba dam plunge pool contract signed

By: Megan van Wyngaardt     16th February 2017 A €64-million contract that will see the three-year Kariba dam plunge pool reshaping works set in motion, was signed by Zambia’s Treasury secretary Fredson Yamba and French construction company Razel-BEC on Wednesday. The plunge pool reshaping is the first component of the Kariba dam... 

Rehabilitation of Kariba dam wall to start soon

By: Megan van Wyngaardt     13th February 2017 The Zambian and Zimbabwean governments will on Tuesday sign a works contract for the first component of the Kariba dam rehabilitation project. This contract will see the reshaping of the dam’s plunge pool and is being funded by the European Union, the World Bank, the African Development Bank and... 

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