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ATON welcomes tribunal’s M&R voting-rights ruling, despite restrictions

By: Terence Creamer     18th June 2018 Investment company ATON, which is seeking to acquire Murray & Roberts (M&R), has welcomed a Competition Tribunal ruling opening the way for it to vote all its shares at a general meeting at which M&R shareholders will vote on the merits of a proposed transaction with Aveng. The meeting is... 

Virtual reality blast wall, cube providing ‘memorable’ training

By: Nadine James     15th June 2018 Virtual reality (VR) solutions provider Simulated Training Solution’s (STS’s) world-first VR blast wall and its VR cube have resulted in efficient, effective and memorable training programmes for Anglo American Platinum’s Engineering Services Training Centre (ESTC) in Randfontein, and Murray and... 

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... 

Aton increases interest in M&R to 43.70%, lifts offer price to R17 a share

By: Simone Liedtke     25th May 2018 German-owned Aton has acquired a further 18.25-million shares in Murray & Roberts (M&R). Following the settlement of these shares’ acquisition, Aton will hold 194.35-million shares in M&R, representing about 43.70% of the entire issued share capital. 

Resources Watch  

24th May 2018 Learning opportunity on mining training’s competitive edge And, consolidation needed to save jobs 

Aton lifts M&R interest to 39.6%

By: Simone Liedtke     22nd May 2018 German-owned Aton, has acquired a further 6 600 issued ordinary shares in Murray & Roberts (M&R) at R15 a share, taking its shareholding in M&R to 39.6%. Aton is seeking to acquire all of the shares in M&R not already owned by it. 

Aton says will not support M&R’s proposed transaction with Aveng

By: Simone Liedtke     21st May 2018 German-owned Aton believes Murray & Roberts (M&R) is putting its interests ahead of that of shareholders and other stakeholders with its proposed combination with Aveng. The sole intent of M&R’s announcement on Friday that it plans to merge with Aveng, Aton states, is to frustrate Aton’s... 

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... 

Concor targets larger share of infrastructure market as part of big growth push

By: Terence Creamer     30th April 2018 Wholly black-owned construction group Concor, which marked its first year of operations in April, is aiming to materially increase its share of the public infrastructure market as part of an ambitious plan to increase its order book to R10-billion by 2020. The company, which has a Level 1... 

Aton’s wooing of M&R shareholders continues

By: Marleny Arnoldi     24th April 2018 As it continues to seek support from Murray & Roberts (M&R) shareholders for its R15 a share buyout offer, German investment company Aton on Tuesday released salient information related to its buyout offer to address “stakeholder concerns”.  

Ivanhoe reaches Platreef Shaft 1 milestone 750 m below surface

By: Henry Lazenby     23rd April 2018 Blockbuster mine developer Ivanhoe Mines has reached a significant development milestone at its Platreef platinum/palladium/ gold/nickel/copper discovery on the northern limb of South Africa’s Bushveld Complex, after Shaft 1 has reached a depth of 750 m. Lateral development will take place from... 

PIC rejects Aton's takeover offer for M&R

By: Reuters     17th April 2018 South Africa's Public Investment Corporation (PIC), the second-biggest shareholder in Murray & Roberts (M&R), said on Monday it had rejected an offer by Germany's Aton to acquire the engineering and construction firm. M&R's biggest shareholder German investor Lutz Helmig's Aton, which owns more... 

Aton makes formal offer to M&R shareholders

By: Simone Liedtke     10th April 2018 German family-owned business Aton has made a formal offer to Murray & Roberts (M&R) shareholders to acquire all shares in M&R at R15 a share. The company on Tuesday said it had already acquired a further 3.1% stake in M&R from a top ten shareholder and that it will soon buy a further 6.5%... 

M&R Cementation employees return to work at Booysendal North mine

By: Marleny Arnoldi     4th April 2018 Employees of Murray & Roberts Cementation (MRC) returned to work at platinum group metals producer Northam Platinum’s Booysendal North mine, on the border of Limpopo and Mpumalanga, on Wednesday.  

M&R board labels Aton offer 'opportunistic'

By: Marleny Arnoldi     27th March 2018 JSE-listed Murray & Roberts’ (M&R’s) independent board review has concluded that German investment holdings company Aton's planned offer of R15 a share is “opportunistic” and that Aton is unlikely to successfully delist M&R after the takeover. M&R reported on Tuesday that Aton’s proposed cash... 

Confronting Africa’s corrupt business culture

By: Tracy Hancock     16th March 2018 Corruption is a huge challenge with regard to the supply of cross-border mining services in Africa. Corruption seems to be entrenched in the culture of the way things are done in Africa, as anticorruption laws are not necessarily well enforced, with Pretoria-based professional ethics advisory... 

M&R’s oil and gas unit turns to ‘complementary markets’ amid project slowdown

By: Terence Creamer     1st March 2018 The oil and gas unit of engineering and construction group Murray & Roberts (M&R) is actively pursuing projects in “complementary markets”, owing to a slowdown in new project activity in the Australasian oil and gas sector. The value of M&R’s oil and gas order book has fallen to below R4-billion,... 

M&R committed to deliver sub-Saharan power and water prospects as mega-project era draws to close 

By: Creamer Media Reporter      14th February 2018 The Power & Water business platform within JSE-listed engineering and construction group Murray & Roberts (M&R) is beginning to shift its attention from Eskom’s two megascale power station projects, in Limpopo and Mpumalanga respectively, to tackling a range of smaller opportunities in various... 

Stakeholders can look forward to reinforced offering

26th January 2018 With countless networking opportunities vying for the attention of the numerous decision-makers flocking to Cape Town in February to attend the annual Investing in African Mining Indaba, the event’s organiser has reinforced its offering with the introduction of a Junior Mining Showcase as well as... 

Civil engineering solutions provider secures new contracts

26th January 2018 Civil engineering solutions provider Concor Infrastructure, formerly known as Murray & Roberts Infrastructure, is well positioned to take advantage of the recent increase in optimism in the mining space, with company representatives poised to attend the 2018 Investing in African Mining Indaba in... 

Concor Infrastructure Boosts Order Book With New Contracts

5th December 2017 Concor Infrastructure recently secured two significant contracts in the mining sector, and managing director, Eric Wisse, says the company, formerly known as Murray & Roberts Infrastructure, is well positioned to take advantage of the recently increased optimism in the mining space. As part of... 

US 2.1 Billion mining project runs on Candy

16th November 2017 The De Beers Group started excavation work on an underground extension to its Venetia Mine in South Africa in 2013. The new development is expected to extend the life of the mine to 2046 and deliver about 96 million carats in diamonds. The US 2.1 billion project is the biggest investment in the... 

Ivanhoe hits shaft-digging milestone at Platreef

By: Henry Lazenby     1st November 2017 Africa-focused megaproject developer Ivanhoe Mines has reached the 500-m level below surface, during construction of the first shaft of the Platreef platinum-group meals (PGM) project, in South Africa's Limpopo province. The 7.25-m-diameter Shaft 1, which is expected to reach the Flatreef... 

thyssenkrupp Service Centre capabilities showcased at Copperbelt Mining & Trade Expo 2017, Zambia

17th October 2017 thyssenkrupp Service Centre exhibited its product portfolio and capabilities to customers at the Copperbelt Mining and Trade Expo and Conference (CBM-TEC) held from 6 to 8 June 2017 in Kitwe, Zambia.  Hosted exclusively within the Copperbelt, CBM-TEC is Zambia’s professional attendance technical... 

Seventh platinum conference to be held in October

25th August 2017 Platinum producer Anglo American Platinum mining head Frik Fourie is scheduled to present a keynote address on how to make the South African mining business globally attractive again at the South African Institute of Mining and Metallurgy (SAIMM’s) seventh International Platinum Conference –... 

M&R homes in on US construction acquisition

By: Terence Creamer     24th August 2017 Restructured engineering and construction group Murray & Roberts (M&R), which offers project lifecycle services in selected natural resources markets globally, is actively pursuing a US acquisition, which it hopes to consummate during the company’s 2018 financial year. CEO Henry Laas tells... 

M&R warns ‘costly’ Middle East exit will drag 2017 earnings lower

By: Terence Creamer     17th August 2017 Engineering group Murray & Roberts (M&R), which sold its Southern African infrastructure and building units to a Southern Palace-led consortium in November, has warned that its earnings will fall by more than expected in 2017, owing to additional costs associated with four remaining building... 

M&R says Australia maintenance contract a signal of future strategic intent

By: Terence Creamer     10th August 2017 The oil and gas unit of Murray & Roberts (M&R) has been awarded a five-year contract to perform maintenance services at a liquid ammonia plant and a technical ammonium nitrate (TAN) plant on the Burrup Peninsula, in Western Australia. Norway’s Yara International, which owns the facilities,... 

Training academy deriving ‘incredible’ value from simulators

26th May 2017 Simulation has resulted in a definite, dramatic reduction in training cycle times, says Bedfordview-headquartered mining contractor Murray & Roberts’ Murray and Roberts Training Academy (MRTA) education and training development (ETD) executive Tony Pretorius. With five, high-fidelity Cybermine... 

M&R a co-applicant with GE in dispute with Eskom over Duvha contract

By: Terence Creamer     26th April 2017 Murray & Roberts (M&R) has confirmed that it is a co-applicant with GE’s in court bid to prevent Eskom from implementing a contract with Dongfang Electric Corporation for the Duvha Unit 3 boiler recovery project. The 600 MW boiler was damaged catastrophically in March 2014 as a result of over... 

Work on Booysendal South Central access decline to start in April

By: David Oliveira     16th December 2016 Platinum producer Northam Platinum earlier this month awarded JSE-listed Murray & Roberts Cementation the Phase 1 contract for the Mpumalanga-based Booysendal South Central complex, a new mine that will be established on the same mining lease as Booysendal platinum mine. Murray & Roberts... 

Despite commodity slump, M&R bets future on resources 

By: Terence Creamer     25th August 2016 Murray & Roberts (M&R) CEO Henry Laas says the decision to sell its infrastructure and building unit, as well as Genrec, to create a multinational project company focused on oil and gas, underground mining, as well as power and water has created an entity that no longer fits neatly within the... 

M&R subsidiary buys project, construction management group

By: Natalie Greve     6th January 2016 Murray & Roberts (M&R) subsidiary Cementation Canada has completed the acquisition of project and construction management services group Merit Consultants International. Merit has worked with global clients in the mining and resource industry, successfully participating in projects in the US,... 

De Beers’ R20bn investment to increase workforce at Venetia by 3 000

By: Anine Kilian     13th December 2013 South Africa’s largest diamond producer, the opencast Venetia operation, in Limpopo, will increase its workforce by 3 000 employees in the next seven years, owing to owner De Beers South Africa’s R20-billion investment, announced in October. The investment will be used to extend the life of the... 

Company Annoucements:Murray & Roberts sets its sights on African expansion

By: Creamer Media Reporter      15th October 2013 Mining, energy and infrastructure yield big opportunities for growth In November this year, South African construction and engineering company Murray & Roberts will add Mozambique to the list of African countries where it has a permanent presence. This follows operations opened in Ghana and... 

Company targets mining industry for its asset management product

By: David Oliveira     13th September 2013 Significant interest in the mining industry in the remote management of assets, owing to global financial pressures, labour unrest in the mining industry and the need for profits, has led asset management and consumer solutions provider QCIC Asset Management Solutions to develop its latest fleet... 

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