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SA auto firms join Tripartite Free Trade Area talks

By: Irma Venter     26th May 2017 South African vehicle manufacturers in April joined the negotiations around the formation of an African Tripartite free trade area (TFTA).   The local industry was pursuing duty-free access for new vehicles made in South Africa to the markets included in the TFTA, said National Association of... 

‘Onerous’ Northern Aqueduct project impacts Esor’s FY17 results

By: Anine Kilian     25th May 2017 Losses of R102-million incurred on the Northern Aqueduct water pipeline project, in KwaZulu-Natal, severely impacted on JSE-listed Esor’s profitability for the year ended February 28. The nonrealisation of the R50-million Franki agterskot in terms of the three-year earn-out clause under the sale... 

Premier’s RHA mine ships first concentrate

By: Natasha Odendaal     25th May 2017 Multicommodity resource and development company Premier African Minerals is preparing to mark its first shipment of wolframite concentrate from the newly upgraded plant at its RHA tungsten mine, in Zimbabwe, to Durban, South Africa. This followed the Aim-listed group’s receipt of all the required... 

Caledonia pursues listing on NYSE

By: Megan van Wyngaardt     24th May 2017 Caledonia Mining, which is listed on the Aim market of the LSE, as well as the OTCQX and TSX, on Wednesday said it was now seeking a fourth listing on the NYSE MKT. The gold miner, which owns 49% of the Blanket mine, in Zimbabwe, believes the listing will increase trading liquidity, while... 

'Massive' load-shedding looms in Zim as Zesa fails to settle $80m debt to Eskom

By: Reuters     23rd May 2017 "Massive" load-shedding could begin as early as next week in Zimbabwe - because the cash-strapped authorities still haven't settled an $80-million debt to Eskom, the Herald reports. The State-run Zimbabwe Electricity Supply Authority (Zesa) has been unable to keep up with a payment plan agreed... 

Pallinghurst share price leaps on value unlock outline

By: Martin Creamer     19th May 2017 The share price of mining investment fund Pallinghurst leapt in Johannesburg after the company outlined its plans to swop its investment fund shawl for a diversified miner’s mantle, unlock value through full absorption of its coloured gemstone associate and target a possible listing of the... 

ASA reports mixed Q4 performance

By: Megan van Wyngaardt     19th May 2017 Aim-listed ASA Resource Group on Friday reported an increase in earnings before interest, taxes, depreciation and amortisation to $20.5-million for the fourth quarter ended March 31, against a loss of $300 000 in the three months to March 31, 2016. This improvement came despite lower production... 

Tongaat Hulett expects 40% increase in FY profit as prices climb

By: Megan van Wyngaardt     19th May 2017 Local sugar producer Tongaat Hulett expects its operating profit for the year ended March 31 to rise by 40% to R2.3-billion, owing to improved market prices, more effective import protection dynamics in the countries where it operates and higher prices realised for exports. The various sugar... 

Authorities 'rely heavily' on info from illegal miners after gas explosion

By: News24Wire      19th May 2017 Authorities say they have relied heavily on the information from illegal miners at Harmony Gold’s Eland mine in Welkom, Free State, after a gas explosion on Thursday last week. Major General Lerato Molale said on Friday that the search was still continuing. 

Zimbabwe plans 'use it or lose it' mine-permit programme for gold

By: Bloomberg     19th May 2017 Zimbabwe may confiscate unused mining licenses from companies and liberalize gold trading as ways to boost output. Large mines are “sitting on lots of unused claims,” the southern African country’s Chamber of Mines said in a document outlining initiatives of the proposed Command Mining program.... 

On-The-Air (19/05/2017) 

By: Martin Creamer     19th May 2017 Zimbabwe’s Ministry of Mines has fallen in love with South Africa’s new platinum technology, which it is adopting, lock, stock and barrel; The Royal Mint this week announced the production of its first platinum products; and Financial problems have forced a second South African diamond mine to be... 

New cost-slashing platinum technology gaining impressive momentum

By: Martin Creamer     18th May 2017 The new cost-slashing, time-saving, capital-unlocking, mine-broadening and cobalt-saving platinum technology, driven by diversified mining company Pallinghurst and South Africa’s State-owned Industrial Development Corporation (IDC), is gaining impressive international momentum as an initiative... 

Search continues for more illegal miners trapped at Welkom mine

By: News24Wire      18th May 2017 The search for the bodies of more illegal miners is continuing at Harmony Gold’s Eland mine in Welkom, Free State, after a gas explosion on Thursday last week. Major General Lerato Molale said on Thursday that police believed there were more miners underground. 

Zuma could be called in to get SAA money back from abroad – Deputy Finance Minister

By: African News Agency      18th May 2017 If all else failed, National Treasury might enlist the help of President Jacob Zuma to secure the repatriation of South African Airways funds from fellow African states, Deputy Finance Minister Sifiso Buthelezi told MPs on Wednesday. Buthelezi told Parliament’s standing committee on finance the... 

Building African brands a feature of African Utility Week

By: Kim Cloete     17th May 2017 Africans need to be proud of their brands and local companies and do everything they can to boost the image and reputation of these brands, says Brand Leadership Group founder and chairperson Thebe Ikalafeng. “The top brands that Africans admire are all foreign. How are we going to transform the... 

Zimbabwe plans $200m platinum refinery with Australia's Kelltech

By: Reuters     17th May 2017 Zimbabwe is planning to build a $200-million platinum refinery next year in a joint venture with Australia's Kelltech, the Mines Minister said on Wednesday. The Southern African nation holds the world's largest deposits of platinum after South Africa and has been pushing mining firms operating in... 

South Africa farm minister sees no land expropriation without payment

By: Reuters     17th May 2017 South Africa's ruling African National Congress (ANC) is not likely to approve any expropriation of land from white farmers without paying compensation, the agriculture minister said on Tuesday after President Jacob Zuma mooted such an idea. Faced with opposition mainly from ANC's urban base,... 

Standard Bank provides $120m debt package to increase energy supply in Zimbabwe

By: Anine Kilian     16th May 2017 Standard Bank has finalised a $120-million debt package with Zimbabwe Power Company (ZPC) for the rehabilitation of existing power infrastructure at the Kariba South hydropower station and the Hwange thermal power station. The transaction is a continuation of a previous funding arrangement with... 

SA 'working on scrapping visas for all African citizens'

By: News24Wire      15th May 2017 South Africa is working towards allowing all African citizens to enter the country without visas – but at first “trusted travellers” like diplomats, officials, academics, business people and students will be the only ones to benefit. The Department of Home Affairs outlines the steps that will be... 

Mining resumes at Blanket mine following fatality

By: Megan van Wyngaardt     15th May 2017 Mining activities at a section of TSX- and Aim-listed Caledonia Mining’s Blanket mine, in Zimbabwe, resumed on Monday morning. All activities at the Eroica orebody, which contributed 10% of production in the first quarter, had been halted at the weekend, pending a full risk assessment and on site... 

SA Auto Inc pursues duty-free access for new vehicles in African markets

By: Irma Venter     12th May 2017 South African vehicle manufacturers in April joined the negotiations around the formation of an African Tripartite free trade area (TFTA).   The local industry was pursuing duty-free access for new vehicles made in South Africa to the markets included in the TFTA, said National Association of... 

Drill the SmartROC way

     12th May 2017 Atlas Copco’s automated SmartROC Down-The-Hole and Top Hammer drill rigs have transformed the drilling procedure. Equipped with smart technology, these rigs help to drive down operational and maintenance costs, drive up efficiencies, increase safety and reduce carbon footprints for sustainable... 

Gladys Mawoneke

     12th May 2017 This week we feature Gladys Mawoneke, CEO of Breva Beverages, a manufacturer, marketer and wholesaler of alcohol-free beverages for adults   

Caledonia lifts Q1 production, earnings

By: Megan van Wyngaardt     11th May 2017 Increased tonnes milled, higher grades and improved recoveries have lifted the first-quarter production of Caledonia Mining’s Blanket mine, in Zimbabwe, to 12 794 oz from the 10 822 oz produced in the first quarter of last year. CEO Steve Curtis highlighted that the increased production also... 

New twist in compensation saga for dispossessed Zimbabwe farmers

By: African News Agency      10th May 2017 In a new twist in the saga over compensation of white farmers who were ejected from their farms in Zimbabwe, two groups of dispossessed landowners have emerged, one of which argues that government is not liable and should not pay for land. Invasions of white-owned farms in Zimbabwe began in 2000... 

Palladium set to overtake platinum – GFMS

By: Martin Creamer     9th May 2017 The palladium price is poised to exceed the platinum price for the first time since 2001, Thomson Reuters said on Tuesday with the publication of its GFMS Platinum Group Metals Survey 2017. The price gap between platinum and palladium – which averaged just over $1 000/oz between 2007 and 2012 –... 

Eskom gives Zimbabwe month-end deadline to pay up 

By: African News Agency      8th May 2017 Eskom said on Monday that it had given the Zimbabwe Electricity Supply Authority (ZESA) until the end on this month to honour its increasing debt or it would be forced to cut electricity supply to that country. Zimbabwe owes the South African power utility R603-million, of which R119-million is... 

Zimbabwe risks power cuts from Eskom over arrears - paper

By: Reuters     8th May 2017 South Africa's State-run power utility Eskom could cut supplies to neighbouring Zimbabwe by the end of this month if Harare fails to clear arrears, Zimbabwe's state-run Herald newspaper reported on Monday. 

Precipitous platinum price plunge putting industry at risk 

By: Martin Creamer     5th May 2017 This week’s precipitous platinum price plunge to as low as $893/oz is putting the entire platinum industry at risk, making it essential that steady hands are placed on the tiller to ensure that a national patrimony is protected. While the entire industry has been accepting a lower-for-longer... 

Company expands in key African markets

By: Robyn Wilkinson     5th May 2017 Despite challenging macroeconomic headwinds causing a slowdown in consumer spending in many African markets in 2016, packaging company Nampak remains confident of the demographic fundamentals underpinning long-term packaging growth on the continent. 

Premier African Minerals ships first wolframite from RHA mine

By: Megan van Wyngaardt     3rd May 2017 The commissioning of Aim-listed Premier African Minerals’s RHA tungsten mine, in Zimbabwe, is on track, with the first shipment of wolframite concentrate completed at the start of this month.  CEO George Roach on Wednesday noted that the plant’s X-ray transmission sorter was exceeding... 

ASA Resources appoints new board, management members to improve group structure

By: Megan van Wyngaardt     2nd May 2017 Following the recent dismissal of its CEO and FD over alleged financial irregularities, Aim-listed ASA Resource Group, is further consolidating its structure. This encompassed the removal of nonexecutive director Yuan Hu Ching, an appointee of China International Mining Group Corporation (CIMGC),... 

Zim, SA researchers work together on baby elephant formula

By: News24Wire      2nd May 2017 Researchers in Zimbabwe and South Africa have embarked on a quest to unlock the make-up of elephant milk – and hopefully come up with a baby "formula" to keep orphan elephants alive. The difficulties of hand-rearing baby elephants are well-known: close to half die in captivity, many from... 

Zimbabwe says has met all conditions to clear arrears to World Bank, AfDB

By: Reuters     28th April 2017 Zimbabwe has met all conditions to clear arrears to the World Bank and African Development Bank, paving the way for possible future funding from the International Monetary Fund, its finance minister said on Thursday. The southern African nation in October last year cleared its 15-year-old... 

Himoinsa

By: Zandile Mavuso     28th April 2017 As a global corporation that designs, manufactures and distributes power generation equipment globally, Himoinsa adds incomparable application and engineering know-how, excellent design and service capabilities, delivering value beyond the equipment it produces. 

Trend of declining SA vehicle exports to the rest of Africa continued in 2016

By: Irma Venter     28th 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... 

Job losses loom at troubled Marula – Implats

By: Martin Creamer     26th April 2017 Despite ongoing engagement between all stakeholders to restore operational continuity and secure the financial sustainability of the Marula platinum operation, continued community protest action and persistently low metal prices have now necessitated a fundamental restructuring of the business to... 

Now US shareholders give nod to Sibanye deal

By: Martin Creamer     26th April 2017 The requisite majority of Stillwater shareholders in the US have approved the acquisition by Sibanye of the entire issued share capital of Stillwater Mining Company. The voting took place a day after Sibanye shareholders gave their overwhelming approval to the transaction that is expected to... 

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