R/€ = 16.59 Change: -0.06
R/$ = 14.40 Change: 0.04
Au 1226.67 $/oz Change: 4.35
Pt 832.50 $/oz Change: -1.11


Nigeria seeks to boost mining reserves to lure investors

By: Bloomberg     20th October 2017 Nigeria plans to spend 15-billion naira ($42-million) over the next year to explore for minerals and attract investors into mining and reduce its dependence on oil, Solid Minerals Development Minister Kayode Fayemi said. “Because we are starting from a low base, we want to have a portfolio of... 

Aviation company adds drones to African offering

By: Nadine James     4th August 2017 Multinational aviation company ExecuJet has added unmanned aerial vehicle (UAV) services to its African facilities, Cape Town and Johannesburg, in South Africa, and Lagos, in Nigeria, enabling clients to carry out inspections, surveys, mapping and photography in greater detail. ExecuJet Cape... 

Transnet insists bond appetite remains as it again lowers capex forecast 

By: Terence Creamer     3rd July 2017 State-owned logistics group Transnet has sought to refute reports that demand for its bonds had collapsed following the recent downgrades to South Africa’s credit rating, insisting that appetite for its bonds remains strong both domestically and internationally. CFO Garry Pita said the reports... 

Africa's richest man may quit Ethiopia over mining dispute

By: Bloomberg     23rd June 2017 Dangote Cement, controlled by Africa’s richest man, Aliko Dangote, said it may shut its operations in Ethiopia if authorities in the central state of Oromia don’t reverse an order to cement makers to hand over control of some parts of their businesses to local young people. Oromia state’s East... 

Nigeria plan to link mines to steel mill seen as Buhari test

By: Bloomberg     18th January 2017 Nigeria’s plan to build a railway to supply iron-ore to its idle Ajaokuta steel plant could be the biggest sign yet that President Muhammadu Buhari is implementing his policy to diversify away from oil. The project began in 1979 with what the World Bank in 2002 called obsolete Soviet technology,... 

Thor completes transformational acquisition of Nigerian gold project

By: Henry Lazenby     19th August 2016 Vancouver-based exploration junior Thor Explorations has closed a transformational acquisition of the Segilola gold project, considered the most advanced gold project in Nigeria. According to the TSX-V-listed company, the project holds a compliant indicated mineral resource of 555 000 oz at a... 

Power & Utilities Management School to address skills gap in the energy sector in Cape Town in May

1st April 2015 “To provide our delegates with a complete overview of the sector” “Success and sustainability within the power sector will demand a different way of thinking and strategic planning. It will also demand a different skills set from us. We need to empower ourselves and others to build a better... 

Company launches newly engineered hydraulic solutions

By: Pimani Baloyi     14th November 2014 Power management company Eaton Hydraulics launched two new ranges of engineered hydraulic solutions at this year’s Electra Mining Africa exhibition in September – the Eaton Airflex WCBD3 and WCSB3 water-cooled third-generation brake systems and the Hydre-MAC piston motor.  Eaton GM Emil Berning... 

ExecuJet wins Business Traveller Africa Award

4th September 2014 ExecuJet has won the ‘Best Private Aviation Operator’ category at the annual Business Traveller Africa Awards in Johannesburg, South Africa. The awards, hosted by Future Group, publisher of ‘Business Traveller Africa’ magazine, reward excellence in local, regional and intercontinental business... 

MSA ‘performing well’ despite global mining-sector labour strife

By: Sashnee Moodley     25th October 2013 Despite labour strife in the global mining industry, particularly in South Africa, safety equipment manufacturer MSA Africa MD Colin Oliver believes that the company has been performing well and he has identified growth potential in the sector.  


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