R/€ = 17.11 Change: -0.14
R/$ = 16.73 Change: -0.20
Au 1765.11 $/oz Change: -40.10
Pt 862.50 $/oz Change: -14.40


Akobo Minerals secures first phase of Segele project financing

By: Tasneem Bulbulia     Updated 49 minutes ago Scandinavian gold exploration and boutique mining company Akobo Minerals has secured a convertible loan of NKr49.18-million, or about $5-million, to fund the first phase of the Segele mining operation in Ethiopia. The remaining $7-million for the final phase of the project is contemplated to be... 

Monarch starts putting Beaufor ore through Beacon mill

By: Mariaan Webb     5th July 2022 Toronto-listed Monarch Mining has been working relentlessly to restart the Beaufor mine and Beacon mill and is pleased to see its efforts coming to fruition, president and CEO Jean-Marc Lacoste said on Tuesday, reporting that it has begun processing ore. After investing C$20-million in... 

Do I need a Water Use Licence if I am not using any water?

5th July 2022 (Virtual Showroom): A question often asked by the general public - Why do I need to apply for Water Use Authorisation or a Water Use Licence if I am not using water?  In terms of Section 21 of the National Water Act, 1998 (Act No. 36 of 2016), there are eleven (11) activities that constitutes a... 

Policy uncertainty worsens; Eskom largest threat to the economy

By: Schalk Burger     4th July 2022 The North West University (NWU) Business School’s Policy Uncertainty Index (PUI) increased to 60.9 during the second quarter, from 59.7 in the first quarter, and remains well in negative territory. This is the highest level recorded since the inception of the PUI in 2016. 

Water and salt balance development and importance

4th July 2022 A water balance can be described as the measurement and determination of flow in and out of a system, which is considered the main building block in developing a salt balance (estimation of salt concentrations within the reticulating system). As mining and industrial operations are critically... 

Geophysical interpretations and groundwater development

4th July 2022 With an increasing water demand, water supply remains a continued challenge in daily South African livelihood where specialists are challenged to focus on alternative methods for water resources identification to meet a sufficient demand requirement. With the utilization and interpretation... 

RocketNet, Zoom Fibre to bring fibre to Boabab project in Saldanha Bay

By: Schalk Burger     4th July 2022 Internet service provider RocketNet has partnered with fibre optic network provider Zoom Fibre to roll out high-speed fibre Internet in Saldanha Bay. The fibre network will serve as the backbone on which the Saldanha Bay municipality will build its smart city infrastructure, says RocketNet CEO... 

Australian resources exports to set new records

By: Esmarie Iannucci     4th July 2022 Australia’s resource and energy export earnings are estimated to be worth A$405-billion in 2021–22, and is forecast to rise to A$419-billion in 2022–23, delivering two successive record years, the Office of the Chief Economist reported on Monday. As world supply responds to high prices and... 

Bushveld narrows loss by $7m

By: Marleny Arnoldi     1st July 2022 Aim-listed Bushveld Minerals has met the upper end of its 2021 revised guidance of between 3 400 t and 3 600 t of vanadium, producing 3 592 t for the year ended December 31. The majority of vanadium was produced in the second half of the year following operational improvements implemented by... 

Local pumps manufacturer details successes

By: Sabrina Jardim     1st July 2022 Submersible industrial pumps manufacturer Amandla Pumps manufactures and designs its pumps locally, enabling the company to meet specific customer demands. The company has a state-of-the-art machining facility, equipped with computer numerical controlled equipment to accurately manufacture its... 

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