Resources Watch

This week: Kalagadi Manganese secures R7-billion debt as the final shaft blast goes off at its Northern Cape project. The Section 54 safety stoppage issue dominates Minister Susan Shabangu’s media conference. And, Xylem Water Solution’s new...

Kalagadi manganese project, South Africa

Kalagadi Manganese has raised a debt package of over R5-billion from local banks and development finance institutions.

Kalagadi Manganese secures R7bn debt as final shaft blast goes off at Northern Cape project

Junior miner Kalagadi Manganese has raised a debt package to fund ongoing mine development activities.

Transnet rail split would be ‘disastrous’ and is ‘not on the cards’

The CEO of State-owned freight logistics group Transnet Brian Molefe said on Thursday that it would be “disastrous” to split the group’s rail unit into separate infrastructure and operational entities and to house the infrastructure assets...

R11bn Kalagadi manganese mine to come on line in mid-2012

Construction of South African junior miner Kalahari Resources’ three-in-one R11-billion Kalagadi Manganese project was on track and was expected be commissioned by July next year. Addressing the media on the sidelines of the Mining Indaba in...

Eskom reports R9,5bn interim profit on higher tariffs

State-owned power utility Eskom reported a strong rise in net profit to R9,5-billion for the six months to September 30, 2010, as compared with R1,1-billion in the same period of 2009. The rise primarily reflected South Africa's higher power...

Iron-ore junior Motjoli plans R11bn mine in Mpumalanga

Exploration mining junior Motjoli Resources said on Tuesday that it planned to bring its one-billion-plus ton iron-ore deposit in South Africa's Mpumalanga province into production by late 2012, which could provide a source of competition for...

SA and Zim seal investment protection agreement

South Africa and Zimbabwe on Friday signed the Agreement on the Promotion and Reciprocal Protection of Investments, which was expected to create an enabling and protective environment for investments made by nationals of both countries in each...

Real Economy Report

This is the Real Economy Report. Our top stories this week: Eskom's CEO talks about plans to reduce the power utility's carbon footprint; we look at Denel's strategy for the next five years; and Neil Pretorius, the CEO of DRDGold, talks about the...

MagIndustries will raise C$26m in equity offering

TSX Venture Exchange-listed MagIndustries will sell 62,15-million shares to raise C$26,1-million for its for its Kouilou potash project, in the Republic of Congo. A syndicate of underwriters led by Cormark Securities will sell the shares at...

Kouilou potash mine, Republic of Congo

The project involves the construction and commissioning of a 600 000-t/y potash plant to produce agricultural-grade potash fertilisers.

MagIndustries nears finish line for potash project debt finance

Toronto-based MagIndustries is in the late stages of arranging the debt finance portion for its Kouilou potash project, in the Republic of Congo (ROC), and hopes to finalise terms with its lenders in the next couple of months, CFO Jeff Swinoga...