SAPA to continue to campaign for chicken to be exempt from VAT

The South African Poultry Association will continue to campaign for chicken to be exempt from value-added tax (VAT) because it believes it is in the interests of the country and lower-income... 

Kefi reports continued progress on Tulu Kapi development

Aim-listed Kefi Minerals says its preparations for the development of its Tulu Kapi gold project, in Ethiopia, continue in earnest with the recent appointment of the head of project implementation,... 

Lily mine to reopen in Feb 2019, says new owner

Vantage Goldfields, which has been bought out by Siyakhula Sonke Empowerment Corporation (SSC), plans to reopen the Lily mine, in Barberton, Mpumalanga, in February 2019, three years after a pillar... 

VAT panel recommends zero-rating of white bread, sanitary products and nappies

The independent panel established to review the current list of items that are zero-rated for value-added tax (VAT) has recommended that white bread, flour, cake flour, sanitary products, school... 

Northern Cape wind farm funds FitzPatrick Institute bird study

Kangnas Wind Farm and the FitzPatrick Institute of African Ornithology are working in partnership to gather data related to the Red Lark’s current status, its occurrence, habitat preferences and... 

Government changes shake up the sub-Saharan African construction sector

International consultancy and construction company Mace has released its latest tender cost update for sub-Saharan Africa, showing mixed performances for the region’s two most prominent economies.    

Sea Harvest to report up to 3% rise in H1 headline earnings

JSE-listed Sea Harvest expects to report a 0% to 3% increase in its headline earnings for the six months ended June 30, to between R110.7-million and R114-million, after absorbing transaction costs... 

BlueRock liquidation hearing cancelled as it reaches agreement with former CEO

Aim-listed BlueRock Diamonds has reached an agreement with former CEO Riaan Visser that his application for the liquidation of Kareevlei Mining be removed from the court roll, subject to security... 

Diamcor recovers six special diamonds

Diamcor Mining has recovered six special rough diamonds at its Krone-Endora at Venetia project, in South Africa’s Limpopo province.  The diamonds were recovered from material processed through the... 

Caledonia achieves marginal increase in Q2 output

Caledonia Mining’s 49%-owned Blanket mine, in Zimbabwe, produced 12 657 oz of gold in the second quarter ended June 30, marginally higher than that produced in the second quarter of 2017 and in... 

CITIC loans Ivanhoe $100m

CITIC Metal Group has provided Ivanhoe Mines with an interim  loan of $100-million in accordance with a term loan facility that is an integral part of the long-term strategic cooperation and... 

Canyon hopes to combine Cameroon bauxite projects

Aim- and TSX-V-listed Altus Strategies’ joint venture (JV) partner in Cameroon, ASX-listed Canyon Resources, has been granted three further exploration licences, including for the Minim Martap... 

Ncondezi to restructure loan

Aim-listed Ncondezi Energy has received a number of proposals to refinance or restructure its existing $5.1-million loan. “In parallel to the good progress that has been made with its potential... 

Necsa, Rosatom subsidiary partner on nuclear medicine

The South African Nuclear Energy Corporation (Necsa) and Rusatom Healthcare, the healthcare division of Russian State-owned nuclear corporation Rosatom, recently signed an agreement to cooperate... 

Private-equity investment more than doubles in Southern Africa

The Southern African private equity industry invested R31.3-billion in 2017, which represents an increase of 102% on the R15.5-billion invested in the previous year and well above the yearly... 

Resilient Waters project gets US backing

The United States Agency for International Development (USAID) has launched a five-year, $32.4-million project called Resilient Waters to address severe water challenges facing the Limpopo river... 

Exxaro expects to report higher H1 earnings

Diversified miner Exxaro Resources expects to report a 41% to 54% year-on-year increase in attributable earnings per share (AEPS) for the six months ended June 30. The company on Wednesday said its... 

Bauba signs chrome offtake agreement

JSE-listed Bauba Platinum has signed a chromite ore commodity purchase contract with Gerald Metals and Pelagic Resources for chrome ore run-of-mine (RoM) produced at its Moeijelijk mine, in... 

Rainbow, TechMet to consider feasibility of downstream rare earths separation

Aim-listed Rainbow Rare Earths has entered into a cooperation agreement with TechMet to fund a definitive feasibility study (DFS) into downstream rare earths separation. Subject to the completion... 

Investments in paper business start paying off – Mpact

Capital investments in JSE-listed Mpact’s paper business are starting to contribute to the group’s performance, CEO Bruce Strong said on Wednesday. Reporting on the group’s results for the six... 

Katanga’s H1 copper, cobalt revenues rise

TSX-listed Katanga Mining on Wednesday reported that its copper revenue for the first half of this year increased to $350.86-million, compared with $3 000 in the first half of 2017, while its... 

BBC appoints new president

Sandile Zungu has been elected the new president of the Black Business Council (BBC). He succeeds Danisa Baloyi, whose term has come to an end. 

Sitatunga Resources hopes to create jobs at newly acquired colliery

Exploration and mining project development company Sitatunga Resources, which has bought Wescoal’s coal assets near Newcastle, KwaZulu-Natal, believes its investment in the Braakfontein Colliery... 

GCIS, Busa launch anticorruption pledge campaign

The Government Communication and Information System (GCIS) has, in partnership with Business Unity South Africa (Busa), launched the Anti-Corruption #ThumaMina pledge campaign. 

M&R withdraws Aveng merger proposal

JSE-listed Murray & Roberts (M&R) on Wednesday announced that it had withdrawn its proposal for a potential merger with Aveng. The company announced last week that it was reviewing a decision by... 

ARC to acquire 100% of TymeDigital

African Rainbow Capital (ARC), led by chairperson Patrice Motsepe, has reached an agreement to acquire, through its 50.1% held subsidiary, ARC Financial Holding Company (FinHoldCo), 90% of... 

Wescoal to dispose of LBC assets

JSE-listed Wescoal has, through its wholly-owned subsidiary, Leeuw Braakfontein Colliery (LBC), entered into a sale of assets with Sitatunga Resources in terms of which LBC will dispose of its LBC... 

AMCU threatens strike action at Implats over planned job cuts

The Association of Mineworkers and Construction Union (AMCU) has threatened industrial strike action at Impala Platinum (Implats) if talks with the company over its plans to cut 13 000 jobs and... 

Kabwe project on track despite cancellation of BMR’s share trading

The cancellation of admission to trading on Aim of BMR’s shares does not impact the execution of the Kabwe project, Jubilee Metals said on Friday.   BMR and Jubilee have entered into discussions,... 

Managem seeks additional 30% of Avocet's Tri-K project

Aim-listed Avocet is assessing whether the conditions for the second closing of its Tri-K transaction with Managem have been met. Avocet announced in October 2016 that it had entered into an... 

Gemfields sells 90% of emeralds on offer at latest auction

Gemfields’ latest auction, comprising predominantly commercial quality rough emeralds, generated revenues of $10.89-million, with an overall average value of $4.21/ct achieved. The auction was held... 

Globeleq acquires Brookfield’s South African renewables portfolio

Globeleq has entered into an agreement with an affiliate of Brookfield Asset Management to acquire Brookfield’s interest in its South African renewable energy portfolio.   The agreement is subject... 

Self-generation emerging as a big theme across Africa

Africa’s energy industry is not declining, but it is being disrupted, says GE gas power systems anglophone Africa sales MD Nosizwe Dlengezele. Addressing media at a briefing, in Johannesburg, on... 

China–South Africa investment continues to grow

Trade and investment between China and South Africa remains on a positive growth trajectory, Standard Bank CEO Sim Tshabalala said on Monday. Addressing delegates at a media briefing marking the... 

Harmony’s Hidden Valley mine in commercial production

JSE-listed Harmony Gold’s Hidden Valley operation, in Papua New Guinea reached commercial levels of production in June. “The investment in the Stage 5 and 6 cutback was delivered safely, on... 

South Africa and Russia recommit to PGMs MoU

South Africa and Russia recommitted themselves to the continued implementation of the memorandum of understanding (MoU) on platinum group metals (PGMs), following the third yearly PGMs conference,... 

Karo launches Zim platinum project

Zimbabwe and platinum producer Karo Platinum on Tuesday officially launched the Karo platinum project, in Chegutu, Zimbabwe.  “We are excited about partnering with Zimbabwe and its people in... 

CCP hopes to get first investment approved by year-end

Recently launched 12J mining fund Concentrate Capital Partners (CCP) is hoping to get one of its first investments approved by year-end. Speaking to Mining Weekly Online on the sidelines of the 12J... 

Franchising industry a major contributor to South Africa’s GDP

The franchising industry contributed 13.4% to the country’s gross domestic product (GDP) in 2017, the Franchise Junction CEO Thys van Zyl said on Thursday. Addressing delegates at the 12J... 

Gold demand falls 4% y/y in Q2

Global gold demand remained muted at 964 t in the second quarter, 4% lower year-on-year, according to the World Gold Council’s (WGC’s) latest ‘Gold Demand Trends’ report. Speaking to Mining Weekly...