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Mponeng transfer to Harmony expected soon – AngloGold 

By: Martin Creamer     11th August 2020 The transfer of Mponeng gold mine to Harmony Gold is down to Department of Minerals Resources and Energy approval under legislation relating to mine transfer, according to outgoing AngloGold Ashanti CEO Kelvin Dushnisky. Answering analysts questions following the presentation of the company’s... 

DBSA gears up to fill Covid-induced municipal funding gaps 

By: Terence Creamer     7th August 2020 Development Bank of Southern Africa (DBSA), which recently disbursed loans worth R4.5-billion to two Gauteng metropolitan councils to support ongoing infrastructure delivery amid coronavirus-induced liquidity constraints, reports that it is gearing up to support several other municipalities to... 

Occidental discusses $4.5bn asset sale to Pertamina

By: Bloomberg     30th July 2020 Occidental Petroleum Corp is in talks about a potential sale of energy assets in Africa and the Middle East to Indonesia’s state-owned PT Pertamina, people with knowledge of the matter said. Pertamina is negotiating the acquisition of oil and gas stakes in countries including Ghana and the United... 

Golden Star sells Bogoso-Prestea project to newly established Future Global Resources

By: Marleny Arnoldi     28th July 2020 NYSE- and TSX-listed Golden Star Resources has entered into a binding agreement with Future Global Resources (FGR) for the sale of Golden Star’s 90% interest in the Bogoso-Prestea gold mine, in Ghana. FGR will pay a purchase price of $55-million with a further contingent component of up to... 

DBSA confirms financing of $120m for giant Mozambique LNG project

By: Terence Creamer     21st July 2020 South Africa’s State-owned Development Bank of Southern Africa (DBSA) has confirmed financing of $120-million for the $20-billion-plus liquefied natural gas (LNG) project being developed by a Total-led consortium in northern Mozambique. On July 17, Total announced the signing of a $14.9-billion... 

GoldStone plans to further extend resource, updates economic plan

By: Marleny Arnoldi     17th July 2020 Aim-listed GoldStone will shortly start with an additional infill reverse circulation drilling programme to increase the mineable resource at the Homase South Pit at its Akrokeri-Homase gold project, in Ghana The project currently hosts a 602 000 oz gold resource at an average grade of 1.77 g/t.  

Covid-19 pushes back start of Navara production at Nissan SA 

By: Irma Venter     6th July 2020 The start of assembly of the one-ton Navara pickup at Nissan South Africa’s (Nissan SA’s) Rosslyn plant, in Pretoria, has been pushed back from November this year to early next year, says Nissan Group of Africa MD Shinkichi Izumi. “Covid-19 has caused a slight delay in the start of production.” 

Wits webinar exploring the impact of Covid-19

By: Creamer Media Reporter      19th June 2020 The Wits Journal of Clinical Medicine and Wits University Press hosted a webinar to investigate the important question: ARE WE COPING WITH COVID-19 IN SOUTH AFRICA AND AFRICA? A panel of medical experts discussed current management protocols and the impact of Covid-19 in South Africa and other... 

Africa’s debt bill consumes funds needed for post-virus recovery

By: Bloomberg     11th June 2020 A rising debt bill in Africa is wrestling away funds needed for infrastructure and dampen hopes of a speedy recovery from the economic fallout of the coronavirus pandemic. As export and tax revenues decline due to subdued global demand and domestic activity, debt costs are eating up a larger... 

Join a webinar to explore the impact of Covid-19

By: Creamer Media Reporter      9th June 2020 With South Africa now more than two months into its countrywide lockdown, the Wits Journal of Clinical Medicine and Wits University Press invite participants to join a webinar that will investigate the important question: ARE WE COPING WITH COVID-19 IN SOUTH AFRICA AND AFRICA? 

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