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Metals haven’t crashed this hard since the great recession

By: Bloomberg 27th June 2022 Industrial metals are on track for the worst quarter since the 2008 financial crisis as prices are pummeled by recession worries. Copper, the great economic bellwether, has ricocheted into a bear market from a record four months ago, while tin just tumbled 21% in its worst week since a 1980s... →

The rollercoaster and exhilaration of being a demolition specialist

23rd June 2022 In celebration of International Women in Engineering Day (INWED) on 23 June, Jet Demolition Contracts and Project Manager Kate Bester (NDip. Civil Engineering, PMP) highlights being in close proximity to a controlled implosion for the first time. “I was expecting a typical movie scene with huge... →

Mincor marks first revenue from Kambalda

By: Esmarie Iannucci 23rd June 2022 ASX-listed Mincor has received first payment from its first parcel of nickel ore processed through mining major BHP’s Kambalda nickel concentrator, in Western Australia. Mincor on Thursday said that a payment of A$25.3-million was received, representing 90% of the payment for nickel concentrate... →

TNG appoints new contractor at Mt Peake

By: Esmarie Iannucci 22nd June 2022 ASX-listed TNG has appointed engineering and construction group Clough as the lead engineering and the preferred engineering, procurement and construction (EPC) contractor for its Mt Peake vanadium/titanium/iron project, in the Northern Territory. TNG’s long-standing strategic engineering partner... →

Solidarity Fund on track to close by September

By: Tasneem Bulbulia 21st June 2022 The Solidarity Fund, whose mandate was focused on a rapid response to the Covid-19 pandemic remains on track to close by September. The fund in March announced that it would wrap up its operations with a complete closure by the end of September. →

Technicrete and Rocla chosen for Eye of the South Estate project

21st June 2022 Set amongst the unspoilt rolling hills, grass and woodlands that surround the Eikenhof, Midvaal area, south of Johannesburg, the Eye of Africa Golf and Residential Estate has been developed to offer the best that life can offer a homeowner – a quality lifestyle with quality residential finishes.... →

Digital manufacturing saves time, money and lives

20th June 2022 The world has gone through rapid transformation, created, in part, by the impact of Covid-19 and the sudden and radical dependance on digital technologies. Parallel to this, has been the ongoing exponential rise of the fourth industrial revolution, ushering in an era of new technologies,... →

Delay gas procurement until policy reflects big cost and emission shifts – study

By: Terence Creamer 20th June 2022 Before moving ahead with the procurement of gas-fired generation, South Africa should update both its Integrated Resource Plan (IRP) for electricity and its Gas Master Plan to reflect prevailing renewables and battery costs, as well as the country’s carbon constraints, a new Meridian Economics... →

Venetia aims to address shortages

17th June 2022 Following the protests over water shortages in Musina last month, a meeting was convened between the Musina local municipality, the Vhembe district municipality and diamond miner De Beers’ Venetia mine to find ways to assist the municipalities in efficiently and safely resolving the issue. →

Telkom revenue declines, flat Ebitda results reported for FY22

By: Natasha Odendaal 14th June 2022 JSE-listed Telkom remained under pressure during the year ended March 31, 2022, with underlying earnings before interest, tax, depreciation and amortisation (Ebitda) contracting 0.5% to R11.9-billion. The group’s Ebitda margin expanded by 0.2 percentage points to 27.9% during the year under review. →

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