R/€ = 16.38 Change: 0.02
R/$ = 13.85 Change: 0.13
Au 1289.44 $/oz Change: -1.52
Pt 935.50 $/oz Change: -3.50


Ncondezi signs non-binding agreement to develop Mozambique project

By: Anine Kilian     9th November 2017 Aim-listed solar energy equipment supplier Ncondezi Energy has signed a non-binding offer (NBO) with China Machinery Engineering Corporation (CMEC) and General Electric (GE) South Africa to develop, construct and operate the integrated Ncondezi 300 MW coal-fired power project and openpit coal... 

Arconic sinks on earnings miss; appoints former GE boss as CEO

By: Henry Lazenby     23rd October 2017 The New York-listed equity of alloy metals specialist Arconic dipped on Monday after the company reported disappointing third-quarter results. The New York-headquartered company revealed a headline profit of $132-million, or $0.25 a share, compared with $137-million in the comparable quarter of... 

Ncondezi enters into negotiations with GE, CMEC for mine development

By: Natasha Odendaal     20th October 2017 Aim-listed Ncondezi Energy has entered into negotiations with China Machinery Engineering Corporation (CMEC) and General Electric (GE) South Africa for the development, construction and operation of the integrated Ncondezi 300 MW coal-fired power project and openpit coal mine, in Tete,... 

Giant miner vies with Google, GE, for hires amid automation push

By: Bloomberg     22nd September 2017 Rio Tinto, the world’s second-largest mining company, is focused as much on driver-less trucks and automated drills as conventional shovels and loaders these days. That means it needs a whole lot more high-tech workers. The London-based company is stepping up efforts to lure engineers and... 

Kibo wins GE innovation award for Mbeya

By: Natasha Odendaal     8th September 2017 Aim- and AltX-listed Kibo Mining has been awarded the General Electric (GE) Innovative Project Development Deal of the Year 2017 for its Mbeya coal-to-power project, in Tanzania. The award was presented to the company in New York on Thursday. 

Humidity, moisture sensors see growth

     8th September 2017 The need for optimal safety, high yield and combustion value to ensure process integrity is spurring double-digit growth and adoption of humidity and moisture sensors in various industries, including the mining and minerals processing industry, states market research company Frost & Sullivan.  

Isaac Tshabalala

By: Ilan Solomons     4th August 2017 This week we feature Isaac Tshabalala, the general manager and director of Gold One Inernational, the 2 700-employee, $150-million gold-mining company  

State capture casts long shadow over Eskom’s results  

By: Terence Creamer     19th July 2017 South Africa’s worst kept corporate secret was confirmed on Wednesday, when Eskom reported a sharp fall in after-tax profits to R888-million in 2017, from over R5-billion in the previous financial year. However, the results were overshadowed by serious allegations of corruption and... 

Transnet appoints Werksmans to probe locomotive corruption claims  

By: Terence Creamer     3rd July 2017 State-owned freight logistics utility Transnet reports that Werksmans Attorneys has been appointed to oversee a board-level probe into allegations of corruption relating to its purchase of locomotives from China South Rail (CSR). Opposition party the Economic Freedom Fighters (EFF) recently laid... 

On-The-Air (03/02/2017) 

By: Martin Creamer     3rd February 2017 A new junior mining fund is opening the way for small mining companies to enter the fray. I am going to sit up straight, because I’m sure many of our listeners also want to know more about this. 

Kibo receives integrated draft financial model for MCPP

By: Anine Kilian     1st December 2016 Tanzania-focused mineral exploration and development company Kibo has received an advanced draft of the integrated financial model for the Mbeya coal-to-power project (MCPP) from its financial advisers, Absa/Barclays. The model will be the subject of extensive review and further adjustment, based... 

Kibo, GE sign collaboration agreement

By: Anine Kilian     21st November 2016 Tanzania-focused mineral exploration and development company Kibo Mining has signed a collaboration agreement with General Electric International (GE), which will supply equipment, technology and services to the Mbeya coal-to-power project (MCPP) power plant. GE will also assist Kibo in... 

‘Blood gold’ in US cars, phones funds Marxist rebel armies

By: Bloomberg     16th November 2016 Deep in the jungles of Colombia, thousands of small, illegal mining operations, many under the control of Marxist guerrillas or drug traffickers, are working long hours to pull gold out of the ground. Miners are digging in out-of-the-way places such as Timbiquí and Río Quito. From there, the gold... 

Kibo receives final commercial bids for Mbeya project

By: Anine Kilian     1st November 2016 The final commercial bids for Kibo Mining’s Mbeya coal-to-power project’s (MCPP’s) engineering, procurement and construction (EPC) and original-equipment manufacturer (OEM) contracts were received from Sepco III and General Electric (GE) on October 31, the Tanzania-focused company announced... 

Kibo, Sepco agree development refund for MCPP

By: Natasha Odendaal     13th October 2016 Aim- and AltX-listed Kibo Mining and Chinese firm Sepco III have agreed that $10.94-million is a fair reflection of the Mbeya coal-to-power project (MCPP) development costs over the past four years. Upon the financial close of the MCPP, Sepco III will refund Kibo some 50%, or $5.49-million, of... 

Potential gains of ‘industrial Internet’ emphasised

By: Nadine James     23rd September 2016 Mining companies continue to face volatile commodity prices and challenging economic conditions, primarily due to lacklustre global demand, but the industrial Internet could be the solution, states diversified conglomerate General Electric’s (GE’s) mining solutions division, GE Mining. GE... 

Kibo appoints Absa as Mbeya Project’s financial adviser

By: African News Agency      22nd September 2016 Kibo Mining on Thursday said it had signed an advisory engagement letter with Absa Bank laying out the scope of work and terms under which it will act as financial advisor on the Mbeya Coal to Power Project (MCPP). Kibo is developing a 250 MW to 350 MW mouth-of-mine thermal power station in its... 

Kibo shares rise as its signs MoU with GE

By: Anine Kilian     16th September 2016 Kibo Mining's share price on the JSE and LSE rose by about 12% on Friday morning after it announced that it had signed a memorandum of understanding (MOU) with US multinational conglomerate General Electric (GE). GE and its subsidiaries will supply equipment, technology and services to the power... 

Control valves market value over $13m by 2022

     5th August 2016 The global control valve market is expected to reach $13.67-million at a compound annual growth rate (CAGR) of 7.6% from 2016 to 2022, according to a new report published by Allied Analytics market research and business consulting wing, Allied Market Research. 

Death, strikes, rising costs show mining’s hard sell for new CEO

By: Bloomberg     9th June 2016 Wanted: Mining executive who can make money when prices and output fall, will halt skyrocketing costs, and is willing to accept a salary paid in one of the world’s weakest currencies. That’s the potential job description for whoever replaces Terence Goodlace as chief executive officer at... 

On-The-Air (08/04/2016) 

By: Martin Creamer     8th April 2016 Japan and South Africa are working on a solar plant that will produce hydrogen in this country for fuel cells. Government is intent on creating incentives for mines to benefit from investment in fuel cells. South Africa this week again demonstrated its capacity to build railway... 

On-The-Air (25/03/2016) 

By: Martin Creamer     25th March 2016 The major steps that South Africa is taking to boost its rail engineering capacity could win us billions of rands worth of export business in Africa. Australians are continuing to beat South Africans in the pursuit of new metals and minerals on our very own continent. Platinum miners... 

On-The-Air (19/02/2016) 

By: Martin Creamer     19th February 2016 The once mighty Anglo American was this week reduced to a pale shadow of its former self. Kumba Iron Ore is gaining investor attention as Anglo American unbundles it out of its cut portfolio Platinum, diamonds and copper are the only metals to survive the massive Anglo downsizing... 

PNG committed to help resource companies advance projects – PM

By: Esmarie Swanepoel     25th November 2015 The Papua New Guinea government is committed to work with the mining industry to advance key resources projects, including the Frieda River copper/gold project and the Wafi-Golpu gold project, Prime Minister Peter O’Neill said this week. ASX-listed Highlands Pacific and Guangdong Rising Asset... 

Banks offer up R12bn in Transnet deal as parastatal eyes R500bn spend over coming decade  

By: Natalie Greve     23rd November 2015 Boosting the coffers earmarked for its ambitious locomotive fleet acquisition programme, State-owned logistics group Transnet has announced the successful conclusion of a R12-billion club loan with five of the country’s major financial institutions, ratifying what the parastatal described as... 

On-The-Air (23/10/2015) 

By: Martin Creamer     23rd October 2015 Crippling new tax laws have been recommended for South Africa’s already maimed mining industry. Disillusioned investors are demanding radical changes to the way mining CEOs are incentivised. Transnet is setting out to penalise companies that have failed to meet their local-content... 

General Electric partners AMI to host Media Training on Energy and Infrastructure Coverage

     22nd October 2015 Nairobi, 2nd October 2015- African Media Initiative (AMI) and General Electric (GE) have partnered to boost media coverage in Africa of Energy and Infrastructure issues.  

South Africa needs strong new national mining champion to invigorate the local economy

By: Martin Creamer     18th September 2015 The South African economy needs a national mining champion to inject new vigour into the economy as well as the mining board of the Johannesburg Stock Exchange (JSE). The primary listing in London of Anglo American and the loss of the old Gencor assets into Australian hands has left the JSE with... 

Turner & Townsend diversification strategy delivers R7.2bn turnover

By: Megan van Wyngaardt     4th August 2015 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. 

Transnet says take-or-pay contracts offer volume ‘cover’ in weak commodity climate 

By: Terence Creamer     14th July 2015 State-owned freight logistics group Transnet is budgeting for continued growth in coal and iron-ore export volumes in 2015/16, despite weak commodity market conditions. The group railed 76.3-million tons of export coal last year, a material 12% increase on the 68.2-million tons achieved in... 

On-The-Air (03/07/2015) 

By: Martin Creamer     3rd July 2015 Strong calls were made at high level this week for government and business to work together to end the current stagnation of the South African economy. South Africans and Americans are working together brilliantly to boost the local content of locomotives. The local content of South... 

SA’s rail revitalisation ambitions lauded as more opportunities arise 

By: Natasha Odendaal     23rd June 2015 US Secretary for Transportation Anthony Foxx has lauded South Africa’s rail revitalisation efforts as State-owned Transnet and US-based General Electric (GE) developed one of the “best localisation case studies”. Speaking at a US State delegation tour of Transnet’s Koedoespoort locomotive... 

Manufacturer to install new pumping solution at Chile mine

By: Kimberley Smuts     12th June 2015 Locomotives manufacturer General Electric (GE) Mining is set to provide new pumpstation solutions for a mine in Chile. The new GE pumpstation solution uses a combination of existing GE products such as pumps engines and gearboxes. 

Transnet signs R30bn loan with Chinese bank 

By: Megan van Wyngaardt     4th June 2015 State-owned Transnet on Thursday signed a R30-billion loan facility agreement with China Development Bank (CDB) for the funding of hundreds of locomotives to be manufactured by China South Rail (CSR) and China North Rail (CNR) as part of Transnet Freight Rail’s (TFR’s) 1 064 locomotives... 

Weak commodity outlook puts revenue diversification at top of Gama’s Transnet agenda

By: Terence Creamer     24th April 2015 Acting Transnet CEO Siyabonga Gama, who was appointed to the position following the surprise secondment of Brian Molefe to Eskom, has placed revenue diversification at the top of his list of immediate priorities, with the weak commodity outlook seen as having the potential to undermine the... 

Komatsu and GE to offer “big-data” analysis for mining customers

     13th April 2015 Komatsu Ltd has announced a partnership with General Electric to provide “big-data” analysis services for mining customers, using “Internet of Things” technology to boost efficiency in mining operations. This follows an earlier agreement in February 2014, when Komatsu and GE Transportation... 

Biogas power generation has huge potential for postmining land use 

By: Chantelle Kotze     7th November 2014 Global climate change and the need for sustainable land rehabilitation in the mining industry are prompting mining companies to reassess their approach to postmining land use to ensure that they leave a positive legacy, notes carbon advisory firm Promethium Carbon director Robbie Louw. The... 

Biogas power generation has huge potential for postmining land use

By: Chantelle Kotze     7th November 2014 Global climate change and the need for sustainable land rehabilitation in the mining industry are prompting mining companies to reassess their approach to postmining land use to ensure that they leave a positive legacy, notes carbon advisory firm Promethium Carbon director Robbie Louw. 

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