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Cold weather curbs armyworm outbreak in South Africa – Grain SA

By: Reuters     27th February 2017 Cold weather, rains and resilient genetically-modified crops (GMO) have limited the damage caused by an armyworm outbreak in South Africa, the head of Grain SA Jannie de Villiers said on Monday. Neighbouring countries, such as Zambia and Zimbabwe, who do not grow GMO crops, are suffering larger... 

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 US military academy 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-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... 

Stillwater deal advances as Sibanye grasps $2.6bn bridge finance nettle

By: Martin Creamer     13th February 2017 Precious metals mining company Sibanye on Monday announced that it had successfully closed the syndication of the bridge facilities to support its acquisition of Stillwater Mining Company of the US. Sibanye said in a Johannesburg Stock Exchange news service announcement that the syndication... 

Africa must connect on global scale for economies to keep up and compete

By: Megan van Wyngaardt     9th February 2017 To grow their economies in line with their growing size, Africa’s cities must open their doors and connect to the world to ensure that investments in these cities’ infrastructure, industrial and commercial structures keep pace with its concentration of people. A new World Bank report, released on... 

Premier African Minerals settles Darwin debt

By: Anine Kilian     7th February 2017 Aim-listed Premier African Minerals has converted 27 loan notes, with an aggregate value of £675 000, due to Darwin Capital, eliminating all debt owed to Darwin. Premier issued 317.85-million new ordinary shares to Darwin at an issue price of 0.21p a share. 

South Africa confirms presence of invasive pest that infests maize

By: Reuters     6th February 2017 South Africa's department of agriculture said on Friday that scientific tests have confirmed the presence of the invasive fall armyworm in the maize belt, the first time the crop-damaging pest has been detected there. Countries with confirmed outbreaks can face import bans on agricultural... 

Armyworm outbreak damaging crops in southern Africa – FAO

By: Reuters     3rd February 2017 A suspected outbreak of armyworms has spread to Namibia and Mozambique and is causing "considerable crop damage" in southern Africa, the United Nation's Food and Agriculture Organisation (FAO) said on Friday. Suspected outbreaks have already erupted in Zambia, Zimbabwe, Malawi and South Africa. 

PPC’s R1bn empowerment deal boosts balance sheet

By: Anine Kilian     3rd February 2017 JSE-listed PPC’s balance sheet has shown significant improvement following the conclusion of its first broad-based black economic-empowerment (BBBEE) transaction. The BBBEE transaction resulted in a cash inflow of R1-billion in December, which PPC says will be used to further reduce its debt and... 

Lex Winson

     3rd February 2017 This week we feature Lex Winson, service manager of the Goscor Lift Truck division.   

Mining Indaba remains pivotal to Africa

By: Ilan Solomons     3rd February 2017 The mineral resources sector remains “critically important” to the African continent, which is why the Investing in African Mining Indaba has consistently been regarded as an event of “paramount significance”, says Mining Indaba MD Alex Grose. This is also a key motivation for the at least 24... 

Zimbabwe to double ferrochrome production to 300 000 t

By: Reuters     2nd February 2017 Zimbabwe's ferrochrome production is expected to double to 300 000 t this year after the government allocated chrome concessions to small mining companies as part of efforts to boost output, the mines minister said on Thursday. Walter Chidhakwa said last year the country earned $115-million from... 

Zimplats sells 10% in subsidiary to employees for $95m

By: Reuters     1st February 2017 Zimbabwe's largest platinum producer Zimplats said on Wednesday it had sold a 10% stake in its subsidiary Zimbabwe Platinum Mines to employees for $95-million. The deal was financed by a loan from the mining subsidiary to an employee trust and will be repaid from future dividends, Zimplats said... 

Zimplats reports strong Dec quarter, progresses new mine developments

By: Megan van Wyngaardt     31st January 2017 Platinum miner Zimplats this week reported a 41% quarter-on-quarter increase in its revenue for the three months ended December 31, owing to a 70% increase in platinum, palladium, gold and rhodium (4E) metal sales volumes. This, the company noted, was achieved despite lower metal prices and a 44%... 

Former mineworkers paid more than R60m by unclaimed benefits funds

By: African News Agency      31st January 2017 Thousands of former mineworkers have been paid more than R60-million in unclaimed benefits over a two-year period to date, the Mines 1970 Unclaimed Benefits Preservation Pension and Provident Funds said this week. This comes after the Mines 1970 Unclaimed Benefits Preservation Pension and... 

Premier raises funds to complete construction of Zim tungsten mine

By: Megan van Wyngaardt     30th January 2017 Premier African Minerals has raised £1.02-million, through the placement of 536-million shares, to complete the construction and optimisation of its RHA tungsten mine, in Zimbabwe. Once complete, the company expects the mine’s second-quarter throughput to increase steadily to the monthly... 

Vast disposes of gold assets in Zim to focus on metals in Romania

By: Megan van Wyngaardt     30th January 2017 Aim-listed Vast Resources’ shares rose by 25.40% on Monday, after it reported that it was planning to partially dispose of a noncontrolling interest in its Pickstone-Peerless and Giant gold mines, in Zimbabwe. Through three principal transactions with Mauritian-based investment holding company... 

Mining Indaba remains pivotal to Africa 

By: Ilan Solomons     27th January 2017 The mineral resources sector remains “critically important” to the African continent, which is why the Investing in African Mining Indaba has consistently been regarded as an event of “paramount significance”, says Mining Indaba MD Alex Grose. This is also a key motivation for the at least 24... 

Regional airlines flock to Zim as it opens its skies

By: News24Wire      24th January 2017 RwandAir and Ethiopian Airlines are the newest airlines to fly to Zimbabwe, as the government opens up its skies to other players after years of state protectionism for the country’s ailing flag carrier Air Zimbabwe. The two airlines will start flights to Zimbabwe this year and are banking on the... 

Asa Resources says High Court claim on indigenisation has no merit

By: Megan van Wyngaardt     24th January 2017 A claim against Asa Resources, brought by Zindico Consortium, which seeks to compel the mine and its partners to indigenise its Freda Rebecca gold mine, in Zimbabwe, has no merit, the company said on Tuesday. Earlier this month, the company and its Mwana Africa, Freda Rebecca Holdings, National... 

Grain SA cautiously optimistic on 2017 maize crop

By: Anine Kilian     20th January 2017 Grain farmers are grateful for the turnaround in general conditions following the severe drought South Africa experienced last year; however, the perception that all problems are now solved is premature, says Grain South Africa (SA) chairperson Jaco Minnaar. He notes that although the outlook for... 

SA Pump Manufacturer Celebrates 37 Years Of Internationally Proven Award Winning Pump Designs

     19th January 2017 HAZLETON PUMPS, a family owned and managed business located in Centurion, has been continually awarded since the company’s inception 37 years ago with numerous awards and is regarded as a world leader in the pumping of high head, high volume acidic liquids containing solids utilising their... 

Sibanye’s Stillwater platinum deal edges forward

By: Martin Creamer     19th January 2017 Precious metals mining company Sibanye’s proposed acquisition, Stillwater Mining of the United States of America, edged forward on Thursday with the notification that both companies had received early termination of the waiting period under the US’s Hart-Scott-Rodino legislation, which means that... 

Zim gold producer claims ownership of cargo on crashed plane

By: News24Wire      13th January 2017 A leading gold producer, developer and explorer in southern Africa, Metallon Corporation, has claimed ownership of the gold that was being transported by a private plane that crash-landed in southern Zimbabwe on Tuesday, putting to rest speculation that the mineral was being smuggled out of the... 

High Court exposes DMR as incompetent, irrational investment obstructor

By: Martin Creamer     11th January 2017 A judgement of the Gauteng division of the High Court of South Africa exposes the Department of Mineral Resources (DMR) as an irrational institution with a high degree of incompetence that obstructs the mining investment it is meant to facilitate, lacks energy in resolving issues, allows appeal... 

Caledonia’s Blanket mine delivers year-end production record

By: Natasha Odendaal     11th January 2017 Dual-listed Caledonia Mining’s 49%-owned Blanket gold mine, in Zimbabwe, has delivered another record production quarter, ending the year to December 31, 2016, on an all-time production high. During the fourth quarter of 2016, gold output increased 18% year-on-year and 1.2% quarter-on-quarter to... 

Mineral ‘wrongs’ righted 

By: Martin Creamer     10th January 2017 A company that showed diligence in applying for mineral rights ended up getting mineral ‘wrongs’, a court has found. The Gauteng division of the High Court in Pretoria has ruled that Aquila Steel South Africa is entitled to the mineral right that South Africa’s Department of Mineral Resources... 

SA education system one of the worst in the world – The Economist

By: News24Wire      6th January 2017 In the week that South Africa’s matric results were released, international news magazine, The Economist, has declared the country’s schools as among the most inept in the world. "South Africa has one of the world’s worst education systems," the London-based publication reported on its online... 

Caledonia declares dividend; confirms 2017 guidance

By: Henry Lazenby     4th January 2017 TSX- and Aim-listed gold producer Caledonia Mining has declared a quarterly dividend of $0.01375, supporting its position as one of only a handful of junior gold miners on the LSE able to afford rewarding its investors. The Southern Africa-focused company’s dividend announced Tuesday is in line... 

Eskom’s excess generation capacity builds as Kusile Unit 1 ties-in to national grid 

By: Henry Lazenby     28th December 2016 South Africa’s electricity utility Eskom has connected the first power-generating unit of the new Kusile coal-fired power station, in Mpumalanga; reaching the milestone ahead of schedule and adding 800 MW to further stabilise the energy grid. In a statement Tuesday, Eskom said it is making... 

AB InBev, Coca-Cola reach $3.15bn deal

By: Megan van Wyngaardt     21st December 2016 Beverages giant The Coca-Cola Company and triple-listed brewery Anheuser-Busch InBev (AB InBev) have reached an agreement regarding the transition of AB InBev’s 54.5% equity stake in Coca-Cola Beverages Africa (CCBA) for $3.15-billion. CCBA includes South Africa, Namibia, Kenya, Uganda, Tanzania,... 

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