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Gauteng metros hit by water restrictions due to declining reservoir levels

By: African News Agency      24th May 2019 Rand Water on Friday morning started the process of reducing flow to the three metros, Johannesburg, Tshwane and Ekurhuleni as a result of declining levels in Gauteng reservoirs. In a statement, Rand Water said these reductions were as a consequence of higher than normal demand resulting in... 

Tyranna has Eureka moment in WA

By: Esmarie Iannucci     24th May 2019 An independent study into the re-start of the Eureka gold project, in Western Australia, has proven that it could be a viable cash flow opportunity for owner Tyranna Resources. The restart study estimated that some 2 000 oz of gold could be recovered over a one-month mine life, generating free... 

Construction companies urged to streamline businesses

24th May 2019 With South Africa’s construction sector under growing pressure as a result of slow government infrastructure spending and a tightening economy, construction companies should be looking at ways to streamline their business processes, improve cash flow management and tighten risk management,... 

Altron targets growth after concluding two-year turnaround phase

By: Natasha Odendaal     24th May 2019 After a tough two years, JSE-listed Allied Electronics (Altron) has marked the conclusion of its turnaround phase, with growth on the cards as it tracks a year ahead of its five-year strategy plan. During the year-end presentation of its 2019 financial results, the group announced it was in sight... 

Bushveld establishes dividend policy following ‘transitional’ 2018

By: Marleny Arnoldi     23rd May 2019 Aim-listed Bushveld Minerals’ financial results for the year ended December 31, 2018, reflect its transition from a junior mining company to a significant vanadium producer. The company’s flagship vanadium platform includes a 74% controlling interest in mining and processing company Bushveld... 

Jupiter Gold set to become cash flow positive

By: Tasneem Bulbulia     22nd May 2019 Gold royalty company Jupiter Gold on Wednesday reported that its first royalty project, the Pindaíba project, operated by Brazil Minerals, was expected to begin production in the third quarter of 2019. The company’s gold recovery plant would be used in operations and Jupiter Gold would receive a... 

Lynas to set up plant in WA as it abandons plans for Malaysia facility

By: Esmarie Iannucci     21st May 2019 Rare earths miner Lynas on Tuesday told shareholders that it would relocate a planned processing facility from its Kuantan operations in Malaysia, to its operations in Western Australia. Speaking at an investor conference, CEO and MD Amanda Lacaze noted that the cracking and leaching facility... 

EM offers key products for power-factor correction to cut energy costs

21st May 2019 Power-factor correction is a mechanism to reduce operating costs associated with electricity consumption. Some of the key advantages here are reduced kVA charges, improved plant efficiency and network voltage, and reduced overloading of cables, switchgear, and transformers. The power factor is... 

Sibanye keeps option to increase Lonmin offer against rival bid 

By: Bloomberg     20th May 2019 Sibanye Gold reiterated that its increased offer for Lonmin Plc is final, but kept its option open to sweeten the deal for the platinum producer should a rival bid emerge. While its current offer “is final and will not be increased", the company “reserves the right to set aside the no increase... 

Simplified backfill

By: Creamer Media Reporter      20th May 2019 Victaulic, the world’s leading manufacturer of mechanical pipe-joining systems, has seen great success with the introduction and implementation of its series 725 diverter valve, and its impact on the South African mining industry. As the industry’s first grooved-end valve designed specifically... 

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