R/€ = 15.72 Change: 0.00
R/$ = 13.82 Change: 0.00
Au 1280.16 $/oz Change: 1.20
Pt 795.45 $/oz Change: -3.58


New twist in M&R battle as takeover body disallows further progress on Aveng tie-up

By: Terence Creamer     2nd August 2018 The protracted tussle for control of Murray & Roberts (M&R) took yet another turn this week, after the Takeover Special Committee (TSC) overturned a June decision by the Takeover Regulation Panel (TRP), allowing M&R to continue with preparations for a potential combination with Aveng, despite the... 

ATON’s mandatory offer undervalues company, M&R reiterates in circular

By: Terence Creamer     2nd July 2018 The board of engineering and construction group Murray & Roberts (M&R) has again guided shareholders not to accept ATON’s mandatory offer of R17 a share, which it argues undervalues M&R’s strategic platforms and business prospects. The board made the statement in a circular response to ATON’s... 

ATON questions logic of M&R’s proposed ‘poison pill’ Aveng deal

By: Terence Creamer     31st May 2018 Investment company ATON, which is preparing a mandatory offer to buy all the shares in Murray & Roberts (M&R) it does not already own, has reiterated it steadfast opposition to M&R’s proposed acquisition of Aveng, describing the proposed Aveng transaction as a “poison pill” to prevent a takeover... 

M&R says meeting set with ATON to discuss ‘highly strategic’ Aveng deal

By: Terence Creamer     30th May 2018 Murray & Roberts (M&R) confirmed on Wednesday that it would be meeting with its largest single shareholder, ATON, to discuss the merits of M&R’s proposed acquisition of Aveng, which it continues to describe as “highly strategic”. No date has been provided for the meeting, which is being pursued... 

As ATON prepares mandatory offer, M&R board says higher price still ‘undervalues’ company

By: Terence Creamer     29th May 2018 The takeover battle for engineering and construction group Murray & Roberts (M&R) by German investment company ATON intensified this week with ATON announcing its intention to make a new mandatory offer, following a Takeover Special Committee (TSC) ruling instructing ATON to withdraw its earlier... 

M&R hopes to convince ATON of commercial merits of Aveng tie-up

By: Terence Creamer     18th May 2018 Murray & Roberts (M&R) CEO Henry Laas says he will make every effort to convince its largest shareholder ATON – the German family-owned business, which owns 39% of the company and which has made a firm offer to acquire majority control of the South African engineering and construction group – of... 

Gamsberg zinc project a thumbs up for South Africa amid investment slowdown

By: Mia Breytenbach     20th October 2017 Amid low levels of capital project activities in South Africa, the $400-million Gamsberg zinc and lead project, in the Northern Cape, has become the largest mining project under execution in the country. “Commentators have noted that this significant investment in the South African mining... 

Gamsberg zinc project a thumbs up for South Africa amid investment slowdown

By: Mia Breytenbach     20th October 2017 Amid low levels of capital project activities in South Africa, the $400-million Gamsberg zinc and lead project, in the Northern Cape, has become the largest mining project under execution in the country. “Commentators have noted that this significant investment in the South African mining... 

Still demand for education in mining

By: Kimberley Smuts     29th April 2016 There is still demand for mining education, the School of Mining Engineering at the University of the Witwatersrand (Wits) tells Mining Weekly, noting that this is demonstrated by the increase in first-year admissions from 103 students in 2005 to 234 students in 2015. Wits School of Mining... 

Working closely with customers helps Aveng Mining retain existing work in tough environment 

By: Zandile Mavuso     6th November 2015 The continued downturn in commodity prices has affected mining operations globally; however, multidisciplinary construction and engineering group Aveng’s mining division has deployed responsive strategies that will sustain its operations during these trying times. 

Mine shaft reaches 803 m

By: Dylan Stewart     21st August 2015 The main shaft at platinum miner Wesizwe Platinum’s Bakubung platinum mine, in the North West, has been sunk to 803 m below collar and has reached the brow of the 81 level station, says Wesizwe Platinum GM Eddie Mohlabi. 

Simulation stope aids mining education

1st May 2015 A life-size mining stope panel was handed over by mine support technology company New Concept Mining (NCM) to the University of the Witwatersrand (Wits) School of Mining Engineering, on March 6, to enable students to learn about stoping activities through a real-to-life visualisation. 

Transnet Port Terminals Strategic Intent Goes Beyond Sa Borders

27th March 2014 Transnet Port Terminals has embarked on its strategic intent of venturing into operations beyond South African borders through their partnership with multi-discipline construction and engineering group Aveng. The two conglomerates recently signed a memorandum of understanding that seeks to... 

Medupi-linked water scheme delayed, but ‘poses no risk’ to start up

By: Terence Creamer     3rd March 2014 The first phase of the Mokolo and Crocodile Water Augmentation Project (MCWAP), which is under construction partly to provide water from Mokolo dam to the Medupi power station, is behind schedule, Eskom has confirmed. However, the State-owned power utility insists that the delay does not pose a... 

Bucket elevators increase mine production capacity

24th May 2013 Mining industry technology and products supplier Tenova Takraf Africa, formerly Bateman Engineered Technology, supervised the commissioning of five bucket elevators at the Moma minerals sands mine, in Northern Mozambique. 

Resources Watch 

20th March 2013 This week: Coal of Africa prepares to offload its Mpumalanga thermal coal mines. An 'SA Inc.' approach is required to deal with the  ‘unsustainable’ labour situation. And, South Africa’s newest coal mine should reach full production by June. 

'SA Inc.' approach required to deal with ‘unsustainable’ labour situation  

By: Terence Creamer     15th March 2013 South African construction and engineering group Aveng has warned that ongoing labour unrest – which lopped R123-million, or 23%, off its profits during the interim period to December 31, 2012 – not only represented an earnings risk for the coming six months, but was also undermining South... 

DSI, Videx fined in mining roof bolts cartel

By: Megan van Wyngaardt     20th September 2012 The Competition Tribunal has found that Dywidag Systems International (DSI) and Videx Wire Products contraven ed the Competition Act by rigging a tender by JSE-listed Anglo American Platinum (Amplats) in 2004 and 2005. DSI was fined R1.84-million and Videx R4.76-million, the tribunal said on... 

Aveng appoints Kilbride and Seedat to board

5th July 2012 JSE-listed multidisciplinary construction and engineering group Aveng has appointed Mike Kilbride and Mohamed Seedat as independent non-executive directors, with effect from July 4. “Both Kilbride and Seedat have extensive experience in the mining industry,” Aveng said in a statement. 

Kromdraai water treatment plant follows success of eMalahleni

By: Leandi Kolver     4th May 2012 A modular mine water treatment plant developed by Aveng Water, a subsidiary of infrastructure group Aveng, is being installed at coal-mining major Anglo American Thermal Coal’s Kromdraai opencast mine, following the company's success at the miner's eMalahleni water reclamation plant (EWRP). 

Resources Watch  

22nd March 2012 This week: Merafe says raw ore exports are smashing ferrochrome production. CoAL confirms hard coking coal at Makhado, with eyes on the Indian market. And, Aveng consolidates its mining businesses into one Africa-focused unit.  

Aveng consolidates mining businesses into one Africa-focused unit 

By: Terence Creamer     14th March 2012 South African construction group Aveng has consolidated its opencast and underground mining business into a single R6-billion-revenue unit, which will pursue the expanding resources-linked opportunities arising globally, but especially in Africa. CEO Roger Jardine says Aveng Mining is already... 


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