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Paramount Maritime puts to sea new Sentinel vessel to deter oil pirates in West Africa

By: Donna Slater     12th February 2021 Industrial maritime company Paramount Maritime's subsidiary Nautic Africa has launched its new flagship 35 m Sentinel vessel, the second of the new enhanced class, and ultimately destined for a customer in the Gulf of Guinea where it will be used for international oil company related... 

Business confidence falls as fears over stricter lockdown regulations rise 

By: Donna Slater     6th January 2021 Business confidence took a beating in December as companies became increasingly concerned that an increase in Covid-19 cases could result in more strict lockdown regulations being implemented, says information and insight provider IHS Markit economist David Owen. Commenting on the company's... 

Group celebrates 21 years

4th December 2020 Process roll cover engineering group H&M Technologies celebrated 21 years of business this year, while also establishing a new black economic empowerment (BEE) company named H&M Rollers SA to bolster its South African footprint and contribute to the upliftment of the previously disadvantaged.... 

MC Mining requests repayment period extension from IDC 

By: Simone Liedtke     30th November 2020 Coal miner MC Mining has submitted a formal application to the Industrial Development Corporation (IDC) of South Africa to extend the repayment period for its loan facilities with the institution. The IDC has since acknowledged the application, but no agreement has been reached yet between the... 

Innovation through composite construction

By: Creamer Media Reporter      16th November 2020 Steel and concrete are the most commonly used construction materials. Innovation comes to life when you intrinsically connect two load-carrying structural members to deflect as a single unit, this is termed as composite construction.  Composite construction provides a method of using two... 

MC Mining's Uitkomst returns to steady-state production  

By: Tasneem Bulbulia     30th October 2020 The progressive easing of lockdown measures allowed coal miner MC Mining’s Uitkomst Colliery to return to steady-state production, while international coal prices trended positively during September and October, acting CEO Brenda Berlin said in a statement of the company’s results for the three... 

MC Mining output, sales buckle under lower demand, prices in Q2

By: Marleny Arnoldi     31st July 2020 JSE-, ASX and Aim-listed MC Mining has experienced a challenging June quarter, troubled by low coal volumes and prices. The company’s Uitkomst colliery, in KwaZulu-Natal, did not produce run-of-mine (ROM) coal in April, while being limited to 50% labour capacity in May, and normalised... 

SEIFSA worried about increase in unemployment

By: Creamer Media Reporter      29th July 2020 The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) is concerned about the latest quarterly employment statistics (QES) data released today by Statistics South Africa (Stats SA), which reflect general decreases in domestic employment as local businesses continue to... 

IDC agrees to restructure MC Mining loan facility

By: Marleny Arnoldi     6th July 2020 Coal miner MC Mining has concluded a conditional loan restructuring agreement with the Industrial Development Corporation (IDC) of South Africa, which increased the IDC’s project level interest in the Makhado coal project to 6.7%. The company first secured a R240-million loan facility from the... 

Construction Index tracks down, hopes for recovery pinned in infrastructure build

By: Schalk Burger     2nd July 2020 While JSE-listed industrial and construction materials company Afrimat's Construction Index (ACI) was down by 12 points year-on-year in the first quarter of this year, there is some hope of a recovery for the construction sector in government’s infrastructure-led economic growth recovery plan... 

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