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Gold rally narrows Acacia Mining, Barrick Gold offer gap ahead of deadline

By: Reuters     17th June 2019 Ahead of Tuesday's deadline for Barrick Gold Corp to make a firm buyout bid for its Acacia Mining unit, a gold rally has eroded, but not eliminated, a discount and big Acacia shareholders say they still oppose the offer. Barrick must either firm up its proposal to acquire the 36.1% of Acacia it... 

Taseko appoints new president, Hallbauer remains CEO

By: Creamer Media Reporter      14th June 2019 Copper miner Taseko Mines on Friday announced several senior management changes, including the appointment of current CFO Stuart McDonald as its new president – a position that Russell Hallbauer previously held. Hallbauer, who was president and CEO, would remain as CEO of the company. 

Grand opening of Engen MyCiti in Sandton

6th June 2019 The people of Sandton are set to reap the yummy goodness of a 24-hour Woolworths Foodstop and a diverse range of convenience services at the brand-new Engen MyCiti Convenience Centre, which officially launched on 30 May 2019. Engen MyCiti is located on the corner of South Road and Rivonia Road in... 

Guinea iron-ore prospectors set sights on ArcelorMittal rail

By: Reuters     6th June 2019 The race to mine Guinea's iron-ore has started although the focus is not on its giant Simandou deposits but on smaller finds whose output could be transported via Liberia if ArcelorMittal shares its railway, banking and industry sources said. Guinea's aspirations to develop Simandou, the world's... 

Northam secures a further R1bn in funding  

By: Tasneem Bulbulia     31st May 2019 JSE-listed Northam Platinum has increased its existing revolving credit facilities (RCF) by R500-million, from R3-billion to R3.5-billion; and has also secured a new R500-million general banking facility (GBF). The maturity date of Northam’s existing R1-billion RCF has been extended to match that 

Egypt mulling Blackstone unit's offer to take over power plants

By: Bloomberg     28th May 2019 Egypt is considering offers from a Blackstone Group unit and Edra Power Holdings of Malaysia to take over three power plants co-built by Siemens – a move that could cut the North African nation’s debts while bringing in much-needed foreign investment. Both Blackstone’s Zarou and Edra have voiced... 

Increasing access to power in Zimbabwe through infrastructure rehabilitation

28th May 2019 WSP participates in a crucial project to improve the reliability of power in Zimbabwe and restore supplies to the 20,000-plus customers who have been without stable access to electricity for some time.   

PetroConnect calls for fuel industry collaboration

By: Simone Liedtke     21st May 2019 With the South African energy sector undergoing significant change, particularly with the introduction of the Liquid Petroleum Sector Codes currently under way, PetroConnect directors Mark Harper and Sbonelo Mbatha have called on the fuel industry to “see transformation as an opportunity and not... 

Traka accelerates expansion into wider African markets

By: Creamer Media Reporter      20th May 2019 Leveraging on almost two decades of experience in South Africa, and a presence in a further six African countries, networked key and equipment management solutions company Traka Africa announces an acceleration in their growth strategy. It plans to open new operations or expand more widely in... 

Mr Price lists on A2X, retains primary listing on JSE

By: African News Agency      2nd May 2019 Fashion retailer Mr Price Group will list its shares for trade on the A2X markets on Thursday while it will retain its primary listing on the Johannesburg Stock Exchange (JSE). Mr Price said that its issued share capital will be unaffected by its secondary listing on A2X. 

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