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

Updated 40 minutes ago 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... 

Bamboo Capital Partners and Smart Africa join forces for first-of-its-kind blended finance technology impact fund

20th May 2019 The BLOC Fund, managed by Bamboo, is a first-of-its-kind blended finance technology impact fund targeting underserved communities in emerging markets The partnership with Smart Africa will support fundraising efforts and sourcing deal flow BLOC has a €100 million target from a combination of... 

Pantoro raises A$43m to fund Norseman deal

By: Esmarie Iannucci     17th May 2019 Gold miner Pantoro has completed a A$43-million fully underwritten share placement to partially fund the acquisition and joint venture of the Central Norseman gold project, in Western Australia. Pantoro placed more than 215.18-million shares, at 20c each, to sophisticated and professional... 

New valves rapidly exhaust compressed air

17th May 2019 Global leader in motion and control technologies Parker Hannifin has introduced a new safety exhaust valve (P33) that rapidly exhausts compressed air in the event of a fault condition or when a machine has an emergency stop. The P33 is designed for two-channel control architectures and is... 

Valves range will assist in reducing leaks

By: Khutso Maphatsoe     17th May 2019 Owing to water scarcity, water utility companies should be proactive in ensuring that pipe leaks are reduced and kept at an absolute minimum, says South African valves company Ultra Control Valves managing member Peter Telle. He adds that, over the past few years, municipalities and water boards... 

Tharisa sticks to dividend guns as mine reconfiguration lowers output, profit 

By: Martin Creamer     15th May 2019 Platinum group metals and chrome mining company Tharisa Minerals has not allowed lower half-year production, profit and cash flow to get in the way of declaring an interim dividend. The Johannesburg- and London-listed company declared a $0.005-a-share payout on earnings a share of $0.4c, in... 

Bushveld's Vametco achieves record monthly production

By: Creamer Media Reporter      15th May 2019 Diversified miner Bushveld Minerals' Vametco subsidiary produced 270 t of vanadium in March – the highest monthly production rate achieved by the operation in the past 21 months. This achievement comes on the back of improvements in mine production scheduling, vanadium grade in the kiln feed and... 

Pantoro buys half of Central Norseman gold project

By: Esmarie Iannucci     15th May 2019 ASX-listed Pantoro has inked a multi-million dollar deal to acquire a 50% interest in the Central Norseman gold project (CNGP), in Western Australia. Pantoro will form a joint venture (JV) with Central Norseman Gold Corporation and its subsidiary, and will take over management control of the... 

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