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Caledonia to list on NYSE

By: Anine Kilian     24th July 2017 TSX-and Aim-listed Caledonia Mining will list on the NYSE on July 27. The listing on the NYSE is intended to provide the company with greater access to US institutional and retail investors, which, in turn, is hoped will result in better overall trading liquidity, a lower cost of capital and... 

Tongaat Hulett launches R550m sugar refinery project in Mozambique

By: Anine Kilian     24th July 2017 Sugar producer Tongaat Hulett on Monday launched a R550-million 90 000 t/y refinery to process brown sugar into white sugar at its Mozambique-based Xinavane sugar mill. The refinery will produce its first product in September 2018. 

Conservative streak prevailed at ANC policy conference  

By: Aubrey Matshiqi     21st July 2017 At the end of the policy conference of the African National Congress (ANC), President Jacob Zuma declared that the ruling party was more united than it had been when the conference began. In the process of delivering his closing address, he proposed that the loser in the race for the presidency... 

Lessons learned underpin multicontinent sugar strategy

By: Robyn Wilkinson     21st July 2017 Specialised polymer manufacturer Vesconite Bearings believes that the experience it has gained from KwaZulu-Natal sugar mills will prove instrumental in ensuring the success of its multi-continent sugar strategy and grow the company’s revenue from new markets. 

Caledonia lowers FY17 output target on infrastructure constraints

By: Creamer Media Reporter      20th July 2017 Canadian gold miner Caledonia Mining has reduced its full-year production target to between 52 000 oz and 57 000 oz of gold, from the previously targeted 60 000 oz. The company’s Blanket mine, in Zimbabwe, produced 12 522 oz of gold in the quarter ended June 30, compared with the 12 510 oz... 

Amplats own-mine output up, sales down in two-fatality quarter

By: Martin Creamer     20th July 2017 Performance from its own mine operations helped platinum production from Anglo American Platinum (Amplats) to increase in the three months to June 30, but sales volumes fell sharply on technical problems and two mineworkers succumbed to fatal injuries. Full-year production guidance remains... 

Process Pipes

By: Zandile Mavuso     18th July 2017 With 47 years’ expertise in the pipes industry, wholesale carbon and mild steel pipes, fittings and flanges wholesaler Process Pipe has established a national footprint in South Africa, with branches in Gauteng (Alrode), KwaZulu-Natal (Jacobs) and two branches in the Western Cape (Belville and... 

Tokwe Mukosi dam project, Zimbabwe

By: Sheila Barradas     14th July 2017 The Tokwe Mukosi dam is the largest artificial lake in Zimbabwe. 

ASA’s shares surge on takeover offer from Chinese firm

By: Creamer Media Reporter      12th July 2017 The share price of Aim-listed ASA Resources rose more than 45% on Wednesday morning, after it announced that investment company Rich Pro Investments (RPI) has made an offer to acquire the company. RPI, which is owned by Chinese copper processing firm and nonferrous metals trader Hailiang, has... 

Loss-making Air Zimbabwe cuts half its workforce

By: Reuters     12th July 2017 Loss-making Air Zimbabwe is cutting half of its 400 jobs as part of a restructuring plan meant to revive the ailing national carrier, chairperson Chipo Dyanda said on Wednesday. Like most state-owned companies in the southern African country, Air Zimbabwe has been making losses for years due to... 

Bird Flu confirmed on new locations in Gauteng and Mpumalanga

By: African News Agency      12th July 2017 The Highly Pathogenic Avian Influenza (HPAI) H5N8 virus – commonly known as bird flu – has been confirmed on two new locations on farms in Gauteng and Mpumalanga, the department of agriculture, forestry and fisheries said on Tuesday. “The new locations involved commercial layer chickens on farms... 

Gas ‘would power SA growth’

     12th July 2017 A gas economy could significantly drive South African economic growth, and the discovery of substantial natural gas reserves in the Karoo would be akin to finding gold and sparking a new gold rush, speakers said at the opening of the 4th annual Africa LPG Summit and Natural Gas & CNG Africa Forum... 

Manganese makes list of key tech metals heading for short supply

By: Martin Creamer     11th July 2017 Nothing can stop the proliferation of iPhones, solar panels and Teslas, except perhaps a shortage of key natural resources, comments the latest Fortune magazine, which puts manganese from South Africa on the list of crucial technology metals needed in the US. Fortune’s world map showing the... 

Caledonia reports fatality at Blanket mine

By: Anine Kilian     10th July 2017 An employee at Southern Africa-focused gold miner Caledonia Mining’s Blanket mine, in Zimbabwe, has died in a mining-related accident. The accident occurred at the Number 6 shaft on July 7. 

Musina intermodal terminal expected to improve cross-border trade

By: Schalk Burger     7th July 2017 The Musina Intermodal Terminal (MIT), launched in June, is set to reduce the cost of cross-border trade, especially for bulk commodities, on the North-South trade corridor. The terminal, about 3 km outside Musina and about 13 km from the Beitbridge border post, will serve to move commodities,... 

Zim likely to miss $300m chrome ore export target this year

By: Oscar Nkala     7th July 2017 The Minerals Marketing Corporation of Zimbabwe (MMCZ) has indicated that local chrome producers might not achieve the projected 2017 export target of $30-million, owing to falling international commodity prices and the flooding of the traditionally lucrative Chinese market with cheap-quality ore... 

Wescoal’s Mazarura appointed Kumba CFO

By: Natasha Odendaal     6th July 2017 Wescoal CFO and executive director Bothwell Mazarura has resigned to join Kumba Iron Ore as CFO and executive director, effective September 1. Mazarura, who has worked at Wescoal since July 2016, holds a Bachelor of Accounting Science Degree from the University of South Africa and is an... 

Learning from, replicating land reform successes a better option than land grabs – Hanekom

By: Natasha Odendaal     5th July 2017 Expropriation of land without compensation will result in serious damage to the economy and is fundamentally unjust, Member of Parliament and former Tourism Minister Derek Hanekom reiterated on Wednesday. Speaking at the Agribusiness Africa conference, in Kempton Park, he said that while the... 

Transnet bids to recapitalise Zimbabwe's State rail firm 

By: Reuters     4th July 2017 South African logistics group Transnet has bid to recapitalise National Railways of Zimbabwe (NRZ) with $400-million, the State Procurement Board (SPB) said on Tuesday. NRZ is saddled with a debt of $200-million and has gone for months without paying its workers as Zimbabwe's experiences a... 

Mining Indaba offering new junior zone, boosting interface opportunities 

By: Martin Creamer     4th July 2017 Strong new thrusts are planned for next year’s Investing in African Mining Indaba, which is scheduled to take place at the Cape Town International Convention Centre from February 5 to 8, once again to support investment in mining companies operating in Africa and to provide an effective platform... 

Premier African Minerals says trading to resume soon

By: Anine Kilian     3rd July 2017 Trading in Aim-listed multicommodity miner Premier African Minerals’ shares, which has been temporarily suspended, will resume presently. The group’s trading was suspended under Aim rules after it failed to post its 2016 results within six months of the end of the reporting period. In a statement... 

Prospect's Zim project could produce by 2018

By: Esmarie Swanepoel     3rd July 2017 The Arcadia lithium project, in Zimbabwe, could be in production as early as 2018, with a recent prefeasibility study (PFS) estimating that a capital investment of about $52.5-million would be required to bring the project into production. ASX-listed Prospect Resources reported on Monday that... 

4th Africa LPG Summit 2017

     3rd July 2017 You are invited to join over 500 pan-African energy stakeholders who will participate in the largest conference around LPG and CNG in the region. The fourth edition of the Africa LPG Summit, co-located with CNG-NGV Africa will be staged from 11 - 12 July at Emperor's Palace, Johannesburg. Limited... 

Hwange expects to return to profit in second half

By: Reuters     30th June 2017 Zimbabwe coal producer Hwange Colliery expects to return to profit in the second half, for the first time since the country dumped its currency for the US dollar in 2009, as it triples output, its chairperson said. Hwange, in which the government is the biggest shareholder with a 37% stake, is... 

Higher output lifts BNC’s FY17 pre-tax profit

By: Megan van Wyngaardt     30th June 2017 Bindura Nickel Corporation, a 74.43%-owned subsidiary of Aim-listed ASA Resources, on Friday reported a profit before tax of $1.4-million for the year ended March 31, up 15% from the prior year. The company's profit after tax was $609 000, compared with a profit of $649 000 the year before. 

SAAF shows off fire power and capabilities during yearly demonstration

By: Dylan Slater     30th June 2017 The South African Air Force (SAAF) showcased its air power capability to delegates and foreign airforce personnel during its yearly Air Power Capability Demonstration 2017 (APCD 2017) event – a live fire capability demonstration held at the Roodewal Weapons Range near Polokwane, in Limpopo,... 

Strong South African air traffic growth forecast

By: Keith Campbell     30th June 2017 The International Air Transport Association (IATA) has forecast that the number of air passenger journeys to, from and within South Africa will more than double from the 23.6-million last year to more than 54-million by 2036. This will be the result of an average annual growth rate in the... 

Summit to outline African LPG market growth potential

By: Mia Breytenbach     29th June 2017 While Africa – the fastest-growing liquefied petroleum gas (LPG) market in the world today – is rich with potential for LPG industry players, distribution challenges, affordability and safety issues need to be addressed to capitalise on this potential, according to industry experts. This emerged... 

South African culls 260 000 birds so far to contain bird flu outbreak – Zokwana

By: Reuters     29th June 2017 South Africa has culled 260 000 birds so far to contain an H5N8 bird flu outbreak, Agriculture Minister Senzeni Zokwana told a news briefing on Thursday. South Africa has confirmed outbreaks of avian flu, which is often transmitted by wild birds, on at least two farms. Zimbabwe, Namibia and... 

South Africa's neighbours ban poultry imports after bird flu outbreak

By: Reuters     27th June 2017 Zimbabwe, Namibia and Botswana on Tuesday suspended poultry imports from South Africa with immediate effect following outbreaks of highly contagious H5N8 bird flu. South Africa has confirmed outbreaks of avian flu, which is often transmitted by wild birds, on at least two farms. South Africa and... 

Moving to LPG: summit focuses on LPG in Africa

     27th June 2017 You are invited to join over 500 pan-African energy stakeholders who will participate in the largest conference around LPG and CNG in the region. The fourth edition of the Africa LPG Summit, co-located with CNG-NGV Africa will be staged from 11 - 12 July at Emperor's Palace, Johannesburg. Limited... 

Blue Label to acquire mobile device distributor in R1.9bn deal

By: Megan van Wyngaardt     27th June 2017 Local telecommunications firm Blue Label will, through its The Prepaid Company subsidiary, acquire mobile device distributor 3G Mobile for R1.9-billion. The shares in 3G Mobile will be acquired in two stages, with the initial acquisition of 47.37% of the issued share capital for R900-million,... 

Competition winner gets ‘life-changing’ trip to SAPICS 2017

     27th June 2017 Winning a trip to the continent’s leading supply chain management event, SAPICS 2017, in Cape Town this month was a lucky break that will put Zimbabwean Elvis Mushayavanhu on a new career path.   The competition – run by SAPICS and SA Tourism – attracted entries from Kenya, Zimbabwe, Lesotho,... 

Musina Intermodal Terminal to improve cross-border trade

By: Schalk Burger     26th June 2017 The Musina Intermodal Terminal (MIT), launched on Monday, is set to reduce the cost of cross-border trade, especially for bulk commodities, on the North-South trade corridor. The terminal, about 3 km outside Musina and about 13 km from the Beitbridge border post, will serve to move commodities,... 

Highly pathogenic avian influenza isolated on South African farm

By: Natasha Odendaal     23rd June 2017 A farm near Villiers is being quarantined and some 28 000 birds are being culled after a highly pathogenic avian influenza of the H5N8 type – the first in South Africa – was found on the Vaal river property. The Mpumalanga Veterinary Authority is on site assisting with quarantine implementation,... 

Much progress in mineworker housing delivery but more needs to be done 

By: Ilan Solomons     23rd June 2017 Many migrant employees do not want to permanently settle in mining towns, but prefer to maintain their homes in the rural areas and return to them, says the Chamber of Mines (CoM) of South Africa, citing its research and experience in the industry. “Providing permanent urban dwellings, as well as... 

More than 7 500 animals ready for African Animal Ark operation

By: News24Wire      20th June 2017 Trailed by great clouds of dust, a massive convoy of noisy diesel trucks rumbles out of Zimbabwe this week starting on Monday to begin one of Africa's largest-ever wildlife relocation projects. The aim is to shift more than 6 000 wild animals from Zimbabwe to neighbouring Mozambique to replenish... 

Busiest project bidding period ever – ELB 

By: Martin Creamer     20th June 2017 Johannesburg Stock Exchange-listed ELB Group is having its busiest project bidding period ever, and is seeing a strengthening in base metals and great opportunities in gold. “In the last six months, we’ve experienced our busiest bidding period ever,” ELB Group CE Dr Stephen Meijers told Mining... 

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