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Resources Watch

Transnet sets up R20bn acquisitions war chest, as it pulls in capex horns And, Pneumatic cylinder uniformity benefits distributor, improves part availability

16th November 2016

  

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Welcome to Creamer Media’s Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry.

This week:
Transnet sets up R20bn acquisitions war chest, as it pulls in capex horns
And, Pneumatic cylinder uniformity benefits distributor, improves part availability

State-owned freight logistics group Transnet has set aside a R20-billion war chest for mergers and acquisitions inside South Africa and the rest of the continent, owing to “limited” prospects for organic growth domestically.
Transnet CEO Siyabonga Gama

With no drastic changes over the last 100 years in the design of the pneumatic cylinders specified by the mining industry, these components are easily replaceable, thereby preventing costly production stoppages at mines.
Torre Parts & Components product manager Eugene Van Der Lith
 


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Edited by Creamer Media Reporter

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