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Ivanhoe, Zijin extend Kamoa transaction completion date

By: Megan van Wyngaardt     Updated 23 minutes ago TSX-listed Ivanhoe Mines and Zijin Mining Group have extended the completion date for Zijin's planned investment in Ivanhoe's Kamoa copper project, in the Democratic Republic of Congo, to 15 business days after the satisfaction or waiver of all conditions precedent to the transaction have been... 

Palabora operations hit by wave of protests

By: Natasha Odendaal     Updated 43 minutes ago Limpopo-based Palabora Copper on Tuesday confirmed that operations at its copper mine, in Phalaborwa, had been halted since Friday night as Ba-Phalaborwa community members embarked on violence and intimidation sparked by what the company claimed was propaganda. Corporate Affairs Manager Hulisani... 

Jubilee in talks over R255m debt facility

By: Natasha Odendaal     Updated 51 minutes ago Following dual-listed Jubilee Platinum’s announcement that it was in advanced talks for a debt facility to fund the bulk of the R346-million needed to bring its two surface platinum processing plants into operation, the mine-to-metals specialist’s JSE share price on Tuesday afternoon contracted... 

Steinmüller Engineering’s new South Africa office to target energy prospects

By: Creamer Media Reporter      Updated 1 hour 8 minutes ago Engineering and technology specialist Steinmüller Engineering has opened a branch office in South Africa, which will focus on providing services to the power and industrial markets in South Africa and the region. South African branch office GM Hans Marquardt says the company should not be... 

Steinmüller Engineering’s new South Africa office to target energy prospects

Shale gas laws still scaring foreign investors

By: African News Agency      Updated 1 hour 30 minutes ago Concern about the free stake the South African government will take in shale gas projects continues to be the main obstacle to foreign investment in exploration in that field, mineral resources officials told MPs on Tuesday. “The definition of free carry interest in the bill lent itself to a... 

Shale gas laws still scaring foreign investors

Avocet draws down on loan facility to continue business review

By: Megan van Wyngaardt     Updated 3 hours ago Aim-listed Avocet Mining has drawn down further funds under the third Elliott loan facility of about $2.4-million, agreed with Manchester Securities, an affiliate of the company's largest shareholder Elliott Management Corporation. The funds would be used to meet Avocet’s corporate requirements... 

Evolution not averse to buying more assets

By: Esmarie Swanepoel     Updated 3 hours ago Australia’s second-largest gold miner Evolution Mining will continue to evaluate potential acquisitions in Australia, with executive chairperson Jake Klein saying that the company could also potentially look at opportunities outside Australia. The gold miner recently wrapped up a $550-million buy... 

Turner & Townsend diversification strategy delivers R7.2bn turnover

By: Megan van Wyngaardt     Updated 4 hours ago Global programme management and construction consultancy Turner & Townsend increased its turnover for the financial year to April 30, to R7.2-billion, with turnover in Africa up 3% to more than R290-million. The R7.2-billion was up 11% on the R6.8-billion achieved in the prior year. 

Turner & Townsend diversification strategy delivers R7.2bn turnover


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