R/€ = 16.26 Change: 0.03
R/$ = 14.27 Change: 0.06
Au 1403.91 $/oz Change: 19.83
Pt 813.67 $/oz Change: 10.08


Ramaphosa confirms R230bn support for Eskom to be front-loaded

By: Terence Creamer     20th June 2019 President Cyril Ramaphosa announced on Thursday that the R230-billion in fiscal support being directed to debt-laden power utility Eskom over the coming ten years would be structured in a way that ensures a significant portion is provided in the early years. A Special Appropriation Bill would be... 

Blue Sky sees first-mover advantage in Argentina uranium, vanadium market

By: Nadine James     14th June 2019 TSX-listed Blue Sky Uranium CEO Niko Cacos tells Mining Weekly Online the uranium market is in the early stages of a longer-term rising price trend. Blue Sky, which owns the Amarillo Grande uranium/vanadium project (AGP), in Rio Negro, Argentina, expects to take advantage as uranium prices... 

ABB wins large power transmission order from China’s State Grid

12th June 2019 ABB’s transformer and high-voltage technology essential part of the world’s largest super grid ABB has won a large order to supply converter transformers and high-voltage equipment for an 800 kilovolt (kV), ultrahigh-voltage direct current (UHVDC) transmission link, owned by the State Grid... 

Greenpeace study recommends Eskom sell its coal-fired power stations

By: Tasneem Bulbulia     11th June 2019 A study commissioned by Greenpeace Africa recommends that State-owned Eskom, as part of its reform, gradually spin out its coal-fired power generation activities to new generation companies that will operate the power plants for the remainder of their operating lives. Greenpeace had commissioned... 

Junior mining badly in need of kickstart – Swanepoel   

By: Martin Creamer     4th June 2019 Junior mining is badly in need of a policy framework that will kickstart activity, mining luminary Bernard Swanepoel said on Tuesday. Speaking to a packed 2019 Junior Indaba conference for explorers, developers and investors in junior mining, Swanepoel outlined how he had boldly stepped into the... 

IMF urges South Africa to speed up reforms to boost growth

By: Reuters     3rd June 2019 South Africa's subdued economic growth could be reignited if the implementation of structural reforms, including at troubled state power utility Eskom, is accelerated, the International Monetary Fund said on Monday. The fund said following President Cyril Ramaphosa's re-election last month, a... 

Vast raises cash for pre-production activities at Baita Plai

By: Creamer Media Reporter      30th May 2019 Aim-listed mining company Vast Resources has raised in aggregate £900 000 before costs through a placing of shares at 0.116p each. The cash raised from the placing should be sufficient to meet all the company’s financing needs in connection with its activities in Romania and general working... 

Sakeliga heads to SCA over power interruptions

By: Tasneem Bulbulia     27th May 2019 Business organisation Sakeliga will be heading to the Supreme Court of Appeal (SCA), in Bloemfontein, to have the judgment that prohibits State-owned power utility Eskom from unlawfully interrupting the electricity supply to defaulting municipalities upheld. On March 7, the North Gauteng High... 

Siemens Distribute Energy System 

23rd May 2019 The end-to-end Distributed Energy System (DES) at diversified engineering company Siemens’ headquarters, in Midrand, Johannesburg, was developed to tackle Africa’s energy transition. The system is built around a 1 MW photovoltaic-solar plant strategically positioned throughout the Siemens Park... 

Minerals Council welcomes safety improvements, but warns of continuing policy concerns 

By: Nadine James     22nd May 2019 The Minerals Council South Africa will, later this year, launch a new health and safety initiative called Khumbela iKhaya, council chaiperson Mxolisi Mgojo revealed on Wednesday. Addressing the council's annual general meeting, he noted that appreciable improvements in the health and safety... 

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