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Topic

Palladium boom gives South African miners only temporary reprieve

By: Reuters     17th May 2019 A surge in palladium prices has thrown struggling South African mining companies a lifeline. But it may not be enough. Besides patchy power supplies and high labour costs, South African miners are saddled with ore that typically produces twice as much platinum as palladium - just at a time a... 

An 18 000% gain is no longer a reason to abandon London's Aim

By: Bloomberg     16th May 2019 AIM, once seen as a stepping stone for hundreds of small companies wanting to list on the exchange’s main market, has been trying for years—decades even—to get past its reputation as a volatile venue where corporate blowups are commonplace. And for many investors and companies, it’s succeeded. A... 

Edenville restarts activities at Rukwa after securing funding

By: Tasneem Bulbulia     14th May 2019 Aim-listed Edenville Energy has recently received the proceeds of £100 000 from a share placement and expects to receive the net proceeds from a conditional offer to raise a further £410 000 shortly and has, therefore, restarted a number of activities at its Rukwa coal project, in south-west... 

Making Roads And Bridges Last Longer With Afrisam

13th May 2019 Construction materials leader AfriSam leverages the power of applied research to make roads, bridges and other concrete structures more resistant to corrosive environments. Among its long term research is a project assessing the effects of highly corrosive environments on concretes, and how... 

SRR aims for record production in 2019

By: Tasneem Bulbulia     10th May 2019 Precious metals miner SSR Mining has delivered a strong production and financial performance in the March quarter, and is targeting record production for 2019, president and CEO Paul Benson said on Thursday. Benson indicated in a statement announcing the first-quarter results that the company... 

MTN posts strong first-quarter service revenue growth

By: Natasha Odendaal     9th May 2019 Telecommunications giant MTN Group has met its medium-term revenue growth guidance, posting a 10% year-on-year increase to R33.2-billion, supported by a continued rise in voice, data and financial technology revenue, during the three months to March 31, 2019. This was led by strong first-quarter... 

Platinum seen contributing as much to South Africa's economy as gold did in the 20th century 

By: Natasha Odendaal     3rd May 2019 With the too-high economic cost of a lost opportunity looming, immediate measures are required to assist the platinum group metals mining sector to improve its viability and preserve employment. This is the intent behind the industry’s new South African National Platinum Strategy, with its most... 

Seifsa welcomes PMI increase to 47.2 in April 

By: Marleny Arnoldi     2nd May 2019 The Steel and Engineering Industries Federation of Southern Africa has welcomed the increase in the seasonally-adjusted Absa Purchasing Managers’ Index (PMI) for April. Chief economist Dr Michael Ade said the rebounding indicator was encouraging for production processes. The PMI data for April... 

April new-vehicle sales rise by 0.7%, exports by nearly 54% – Naamsa 

By: Marleny Arnoldi     2nd May 2019 The National Association of Automobile Manufacturers of South Africa on Thursday reported that the latest new-vehicle sales reflected a “welcome surprise” on the upside, with export sales continuing to perform “exceptionally” well. “Exports sales had registered strong growth, reflecting a... 

Anglo American a ‘fundamentally different’ business  

By: Natasha Odendaal     2nd May 2019 As dual-listed Anglo American looks back on what has been described as another “very successful year”, the mining giant can look back on what is a significantly contrasting position less than a decade ago. Since 2012, Anglo American has shifted from a 30% mining margin to a 42% mining margin by... 

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