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BlueRock signs loans note subscription agreement for £1.6m

By: Tasneem Bulbulia     6th July 2022 Aim-listed BlueRock Diamonds has signed a loan note subscription agreement with Teichmann Company, T-Three-Drilling and three Teichmann employees, for an aggregate £1.6-million. Under the subscription agreement, BlueRock will initially issue a £1-million simple loan note (SLN) to Teichmann... 

Managing facility shutdown to avoid costly breakdowns

5th July 2022 Whilst South Africans are frustrated with having to contend with hours of loadshedding, FM Solutions,a leading Facilities Management company since 2002, says these long periods of power outages offer the ideal opportunity to test the capacity of built-in systems and to perform much needed... 

Potential $70m lifeline for Nevada Copper

By: Mariaan Webb     5th July 2022 Embattled miner Nevada Copper on Monday announced nonbinding terms with its senior lender, KfW IPEX-Bank, and its biggest shareholder, Pala Investments, for a loan of up to $70-million. The copper producer, which at the weekend suspended mining activities at Pumpkin Hollow, reported that the... 

New broadcast spectrum availability to open opportunities for employment and nurture talent

4th July 2022 By Natashia Barnabas, Industrial Relations Manager at Workforce Staffing (Virtual Showroom): In March 2022, the Department of Communications, through ICASA, began auctioning off available spectrum to bidders, largely telecoms corporations. This auction netted more than R14 billion for the... 

Cash-strapped Nevada Copper suspends Pumpkin Hollow mining activities

By: Mariaan Webb     4th July 2022 Copper mine developer Nevada Copper has suspended most mining activities at its Pumpkin Hollow underground mine and has warned that the company is in default of its obligations under certain financing and contractual arrangements. Nevada Copper, which previously warned of its liquidity... 

Firefinch details 'forward plan' for underperforming Morila 

By: Mariaan Webb     4th July 2022 Australia-based Firefinch on Monday outlined a ‘forward plan’ for the Morila gold mine, in Mali, after the company withdrew its full-year guidance, owing to a slower-than-planned ramp up that resulted in the full-year guidance being withdrawn. Morila, which the miner bought from Barrick and... 

Cesa challenges Sanral’s decision to cancel tender

1st July 2022 Industry body Consulting Engineers South Africa (Cesa) is challenging the decision by the South African National Roads Agency Limited (Sanral) board to cancel critical infrastructure tenders worth R17.5-billion on the basis that the adjudication process was flawed owing to the involvement of... 

Pipe supply proves manufacturer’s metal

By: Halima Frost     1st July 2022 Steel and tube supplier Stewarts & Lloyds Pipes & Fittings have successfully delivered over 1.4 km of pipe to a project in Tshwane – cementing its position as a leading pipe supplier in Africa. The project entailed the supply of about 70 pipes of 800 nominal bore (NB) in lengths of 12.19 m, with... 

A long time ago

By: Terry Mackenzie-hoy     1st July 2022 I recently noticed that I had suddenly become old. I had been quite happily moving along through my sixties when somebody mentioned that my brother was one year from being. This, of course, put me . . . well, it put me where I am. It made me think that, in point of fact, quite a bit of time had... 

DBSA tasked with overseeing Sanral tender reappointment process 

By: Donna Slater     30th June 2022 The South African National Roads Agency Limited (Sanral) has appointed the Development Bank of Southern Africa (DBSA) as an independent and lead adjudicating body after Sanral’s board in May declined the contracts previously entered into for five strategic projects. As such, the DBSA will act as... 

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