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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... 

Chinese and Austrian firms to upgrade major highway in Zimbabwe

By: Reuters     23rd August 2016 Zimbabwe signed an agreement on Monday with Chinese and Austrian firms to upgrade a busy highway, a deal that will be one of the country's biggest road projects since independence 36 years ago. China Harbour Engineering Company Ltd (CHEC), a subsidiary of China Communications Construction Co Ltd,... 

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... 

Zimbabwe's draft mining bill says foreign firms must list locally

By: Reuters     15th August 2016 Zimbabwe will only issue mining rights to companies listed on the local stock exchange and will not allow the export of raw minerals without ministerial approval, according to a draft mining bill published on Friday. The bill, which has been in the works for more than a decade, will now be sent... 

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... 

Affordable solar schemes light way to energy for all in Zimbabwe

By: Reuters     8th August 2016 Innovative ways to pay for solar power systems could make clean energy affordable for many of Zimbabwe's 1.5-million households that lack electricity, campaigners say. Zimbabwe produces only around 60% of the electricity it needs when demand is highest, and relies on costly imports to make up... 

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. 

ECIC plays a pivotal role in Sub-Saharan Africa with 15 years of Project Export Excellence

     29th July 2016 The creation of ECIC began 15 years ago, in July 2001, when the Export Credit Insurance Corporation of South Africa LTD (ECIC), was given a mandate of filling a market gap through provision of medium to long term export credit and investment guarantees by underwriting bank loans for political and... 

Darling Brew introduces Africa’s First Carbon Neutral Beer

     27th July 2016 Darling Brew in South Africa has launched the first carbon neutral beer in Africa, Blood Serpent. With the reaffirmation at Cop 21 that the global temperature rise needs to be capped at 2 degrees from pre-industrialised levels, calls have been made for decarbonisation and company buy-in for... 

Anglo American Platinum generates strong free cash flow, cuts debt

By: Martin Creamer     25th July 2016 Anglo American Platinum (Amplats) on Monday reported generating R3.2-billion free cash flow in the six months ended June 30, and cutting debt by R2.9-billion, despite the lower price environment. The leading platinum producer’s sales revenue increased by 3% to R30.7-billion, its earnings before... 

Transport costs undermining African farmers

By: Irma Venter     22nd July 2016 A study shows that agricultural fertiliser can land at the Kenyan Port of Mombasa at $350/t, and then sell for 300% to 400% more 1 000 km inland, says Common Market for Eastern and Southern Africa (Comesa) Alliance for Commodity Trade in Eastern and Southern Africa CEO Argent Chuula. “The same is... 

Where does Brexit leave the SADC-EU EPA?

By: Riaan de Lange     22nd July 2016 James Harold Wilson, Baron Wilson of Rievaulx, KG, OBE, FRS, PC, or simply Harold Wilson was Prime Minister of the UK from 1964 to 1970 and  from 1974 to 1976. He is also famed for having said that “a week is a long time in politics”. Granted, it had been longer than a week – 17 days, to be... 

SAB takeover getting more expensive by the day

By: News24Wire      21st July 2016 The takeover of SABMiller by Anheuser-Busch (AB) InBev is looking increasingly expensive, a merger and acquisition expert said on Thursday. Warwick Business School Professor John Colley’s pessimism comes as “various competition authorities exact a heavy price to approve the deal”, he said on... 

Anglo ups South African export coal output as diamond, iron-ore volumes fall

By: Martin Creamer     20th July 2016 Diversified mining company Anglo American upped South African export coal production in the three months to June 30, which saw local diamond and iron-ore output fall appreciably. While Eskom-related production remained broadly unchanged in the second quarter, export coal production rose 8% to... 

South Africa leads Africa in women's economic rights

By: News24Wire      19th July 2016 The AU has awarded South Africa the prize for being the best country in Africa in advancing women’s economic rights. It was, however, trumped by Rwanda when it came to political rights for women. 

RHA plant upgrades completed

By: Megan van Wyngaardt     19th July 2016 Aim-listed Premier African Minerals has completed plant upgrades at its 49%-owned RHA tungsten project, in Zimbabwe.   The screens, plant modifications and electrical reticulation works have been completed and the plant is undergoing a phased commissioning and optimisation process to achieve the... 

Davies says Brexit risk for South Africa does not lie in trade arena 

By: Terence Creamer     15th July 2016 South Africa’s Trade and Industry Minister Dr Rob Davies has formally written a letter to the British High Commissioner seeking a meeting regarding the implications of the recent Brexit vote on South Africa’s trade and economic relations with the UK. However, he says he does not anticipate any... 

Powermite – all things engineering

     15th July 2016 Powermite, a Division of Hudaco, has earned the reputation as a specialist engineering supplier of world-class components, equipment and systems to Southern Africa’s mining, marine, industrial and general engineering sectors. “From buffers for overhead cranes to couplers for motors, we combine... 

Zimbabwe wants Impala land as $6.7bn mine plan stalls

By: Bloomberg     15th July 2016 Zimbabwe has applied for a court order to force an Impala Platinum Holdings Ltd. unit to sell almost 28 000 ha (69 000 acres) of its mining lease to the state, land the government says will benefit the economy. The land, held under a lease by Zimplats Holdings Ltd. but owned by the state, hasn’t... 

Airbus Defence & Space believes its tactical transports are ideal for Africa

By: Keith Campbell     15th July 2016 With 57 of its twin-engined light and medium tactical transport aircraft already in service with 14 countries in Africa, Airbus Defence and Space (DS), part of the Airbus Group, believes its products are ideal to meet the continent’s needs, both regarding transport and intelligence, surveillance... 

Protectionist sentiment coming to the fore in Zimbabwe

By: Taapano Paradza      15th July 2016 Protectionist sentiment appears to be gaining momentum in Zimbabwe and could potentially impact on dozens of South African export products entering the neighbouring country duty free and, in some cases, at preferential duty rates. In its latest move, Zimbabwe expanded the list of products that... 

Zim platinum output up 43% in first quarter

By: News24Wire      13th July 2016 Zimbabwean platinum miners have ignored policy uncertainties in the country and continued to ramp up production, according to the central bank. The Reserve Bank of Zimbabwe’s (RBZ's) report for the first quarter of 2016 showed platinum output rose by 43% to 4 321 kg from 3 020 kg in the prior... 

HAZLETON PUMPS comes out top at the SADC Annual Quality Awards as only company to win two main awards.

     12th July 2016 The sixth SADC Annual Quality Awards presentation ceremony was held on the evening of the 16th March 2016 in Gaborone, Botswana. The aim of the SADC Annual Quality Award competition is to recognize and appreciate organizations and individuals who are contributing to quality advancement in all... 

Premier to restart RHA plant this week

By: Natasha Odendaal     12th July 2016 With all screen and plant upgrades and modifications now complete, London-listed Premier African Minerals expects to restart the processing plant at the RHA tungsten project, in Zimbabwe, later this week. Premier CEO George Roach said in an update to shareholders on Tuesday that electrical... 

Cabinet approves designation of Musina-Makhado SEZ

By: Anine Kilian     11th July 2016 Cabinet has approved the decision by Trade and Industry Minister Dr Rob Davies to designate the Musina-Makhado Special Economic Zone (SEZ) in the Vhembe region of Limpopo. The designated zone would promote industrial development in the region with a specific focus on mineral beneficiation,... 

Caledonia’s Blanket mine lifts Q2 output 20% y/y

By: Anine Kilian     11th July 2016 TSX- and Aim-listed Caledonia Mining’s 49%-owned Blanket mine, in Zimbabwe, remains on track to produce a targeted 50 000 oz of gold for 2016, with the production of 12 509 oz of gold in the second quarter having been higher than planned. Production for the quarter ended June 30, was 20% higher... 

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