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South Africa’s IDC invests R100m in Lucapa’s Lesotho mine

By: Esmarie Iannucci     25th October 2018 Diamond miner Lucapa Diamond Company has secured a R100-million development facility from the Industrial Development Corporation of South Africa (IDC) for its Mothae kimberlite diamond mine, in Lesotho. The facility will span a four-year period, and will include a 12-month moratorium on capital... 

Ramaphosa moves to revitalise mining, create certainty

By: Martin Creamer     21st September 2018 It is imperative that South Africa restores investment and exploration levels in the mining sector as mining and mineral beneficiation activities have significant potential to drive long term growth, exports and job growth, President Cyril Ramaphosa said in his economic stimulus and recovery plan... 

Guptas' flagship Oakbay faces liquidation application over R2m unpaid rent

By: News24Wire      11th September 2018 Business rescue practitioners appointed to save a Gupta business have filed an application for the liquidation of the Gupta's flagship company, Oakbay Investments, as a result of its failure to pay rent to another Gupta-owned company, Tegeta. In court papers filed in the Johannesburg High Court... 

Thakadu starts construction on nickel sulphate purification plant

By: Creamer Media Reporter      5th September 2018 Thakadu Battery Materials on Wednesday officially marked the start of construction of its R250-million nickel sulphate purification plant at platinum miner Lonmin's Base Metals Refinery, in the North West province. All major equipment has been ordered and key contracts awarded, including modular... 

South Africa's new coal-fired plants must have emissions technology

By: Reuters     21st August 2018 South Africa's first privately built coal-fired power plants must have the latest technology to reduce harmful emissions, the energy minister said on Tuesday, as a wave of court challenges threaten to derail the projects. Environmental activists have taken legal action against the new Thabametsi... 

IDC facilitates empowerment initiative in valves sector

By: Halima Frost     10th August 2018 Through an initiative funded by the Industrial Development Corporation (IDC), valve manufacturer Ainsworth Engineering and its sister company United Valve Company (UVC) will, under new ownership, be upgraded to Level 1 broad-based black economic-empowerment status. The initiative, in its final... 

Free-to-attend seminars to share latest industry insights

By: Creamer Media Reporter      3rd August 2018 Taking place from 10-14 September at the Expo Centre in Nasrec, Johannesburg, visitors to this year’s Electra Mining Africa will not only have the potential of engaging with 900+ exhibitors across the inside halls and outside exhibit areas, they will also have the opportunity to attend daily... 

Anglo completes sale of New Largo to Seriti

By: Simone Liedtke     1st August 2018 Anglo American subsidiary Anglo American Inyosi Coal has completed the sale of the New Largo thermal coal project and the closed Old New Largo colliery, in South Africa, to New Largo Coal, which is co-owned by Seriti Resources, Coalzar and the Industrial Development Corporation. The cash... 

Hydraulic cylinder manufacturer to focus on expansion, African markets

By: Erin Steenhoff-Snethlage     20th July 2018 Following Germiston-based investment company iSipho Capital Holdings’ acquisition of 90% of Boksburg-based hydraulic and pneumatic manufacturer Anderson & Kerr Engineering in 2017, the hydraulic manufacturer will actively focus on client and market expansion to increase turnover, market footprint... 

Mining Charter needs to start afresh – says expert

12th July 2018 As controversy and delays around the Third Mining Charter continue to deter investment – it’s time to start afresh, says Soria Hay, BEE expert and Head of Corporate Finance at Bravura, an independent investment banking firm specialising in corporate finance and structured solutions. “A one-month... 

Tribunal approves New Largo Coal’s acquisition of New Largo Business from AAIC

By: Marleny Arnoldi     9th July 2018 The Competition Tribunal has approved a merger whereby New Largo Coal intends to acquire the New Largo Business of Anglo American Inyosi Coal (AAIC).  

South African mining-focused EV manufacturer launched

By: Nadine James     20th June 2018 Battery-driven mining vehicle solution provider Battery Power Industries (BPI) officially launched on Wednesday. The South African original-equipment manufacturer specialises in the development of battery energy systems, electrical traction systems and high-speed charging systems for underground... 

Alphamin closes C$19.2m equity financing

By: Creamer Media Reporter      18th June 2018 TSX-V- and AltX-listed Alphamin Resources has raised C$19.2-million through the issue of 76.8-million shares at C$0.25 apiece. As part of the private placement, first announced on May 28, Alphamin CEO Boris Kamstra subscribed for 512 000 shares. 

Beneficiation opportunities in zinc, fuel cells – Oliphant

By: Martin Creamer     11th June 2018 Deputy Minerals Minister Godfrey Oliphant is engaging with companies on local value-addition opportunities in zinc and platinum-catalysed fuel cells, and would like mining companies to make these and other locally mined commodities available at developmental prices to facilitate... 

Resgen seeks additional funding while Boikarabelo delay continues

By: Simone Liedtke     4th June 2018 ASX- and JSE-listed Resource Generation (Resgen) will, this month, table a submission with international commodities group Noble Resources, for the provision of additional funding for the anticipated working capital requirement arising from the development delay in Resgen’s... 

Alphamin to raise $15m through private placement

By: Marleny Arnoldi     28th May 2018 JSE-listed tin exploration and mining company Alphamin Resources intends to raise about C$19.2-million, or $15-million, through a nonbrokered private share placement, to fund the continued development of the company’s 80.7%-owned Bisie tin project, in the Democratic Republic of Congo (DRC).  

On-The-Air (25/05/2018) 

By: Martin Creamer     25th May 2018 128 years of branding came crashing down this week when the name Chamber of Mines was trashed and replaced with Minerals Council South Africa. With all the talk about new emerging farmers coming on to the land in the future, South Africa needs to step up its mining of phosphates. Certification is... 

Lily mine secures R300m, search for 3 trapped miners to resume

By: African News Agency      24th April 2018 Lily Gold Mine, where three workers were trapped underground in Barberton in Mpumalanga in February 2016 when a lamp-room container they were working in fell into a sinkhole, has secured R300-million funding but will resume rescue operations next year, the company said on Monday. Business rescue... 

Vast acquires 23.75% economic interest in Zimbabwe mine

By: Simone Liedtke     20th April 2018 Aim-listed Vast Resources’ 25%-owned group company Dallaglio Investments has acquired a 95% interest in the Eureka gold mine, in Zimbabwe. Dallaglio acquired a 95% interest in Delta Gold Zimbabwe, which owns the Eureka mine, from Alpha Resources and the Industrial Development Corporation of South... 

Resgen secures R540m IDC loan

By: Marleny Arnoldi     16th April 2018 The Industrial Development Corporation of South Africa (IDC) has approved JSE- and ASX-listed Resource Generation’s (Resgen’s) request for R540-million in funding.  

SSC Flaming secures R190m IDC loan to revive Lily, Barbrook mines

By: Simone Liedtke     3rd April 2018 Empowerment company SSC Flaming Silver has received approval for a R190-million loan facility from the Industrial Development Corporation (IDC), which will assist it in restarting the Lily and Barbrook mines, in Barberton, Mpumalanga. The loan is subject to a number of conditions precedent and to... 

South Africa to become eighth country to export helium by 2019 – Renergen

By: Marleny Arnoldi     12th March 2018 Alternative and renewable energy investment firm Renergen expects to become a significant global producer of helium when its Virginia project starts production in 2019.  

Implats harvests loss shafts, mulls more investment in profitable shafts 

By: Martin Creamer     1st March 2018 The 40 000-employee Impala Platinum Mine in Rustenburg, which is 'harvesting' unprofitable shafts while studying additional investment opportunities in the many profit-making shafts within its well-endowed, long-life lease area, has set in motion a process to cut costs by R1-billion. Harvesting,... 

Eskom expects to sign emergency funding deals in ‘day or two’ 

By: Terence Creamer     1st February 2018 Cash-strapped State-owned power utility Eskom confirmed on Thursday that its negotiations with funders to meet immediate debt-repayment obligations were at an advanced stage and that it expected to sign-off on the deals “in a day or two”. Eskom acting CEO Phakamani Hadebe revealed this week that... 

Eskom looking beyond shareholder to tackle ‘unsustainable’ capital structure 

By: Terence Creamer     30th January 2018 Having secured “in principle” commitments from funders to enable Eskom to meet looming debt obligations of R20-billion by the end of February, the new leadership at the power utility has started weighing various options, including asset sales, for shoring up the group’s fragile balance sheet.... 

Bushveld Minerals upbeat about year ahead

By: Megan van Wyngaardt     22nd January 2018 Aim-listed Bushveld Minerals made “tremendous strides” during the fourth quarter of 2017, which was marked by a strong financial performance from its Bushveld Vametco operations. Supported by a strong vanadium price environment – the ferrovanadium price averaged $33/kg for the 12 months to... 

Crucial for commodity countries to build economic resilience – Unctad 

By: Martin Creamer     11th December 2017 Without policy change, commodity-dependent developing countries risk falling short of achieving their sustainable development goals (SDGs) by 2030, United Nations Conference on Trade and Development (Unctad) economic affairs officer Stefan Csordas warned on Monday. Unctad and the Food and... 

Omnia files contempt of court case at Foskor over contentious phosphoric acid pricing  

By: Dylan Slater     8th December 2017 Diversified chemicals producer Omnia has filed a contempt of court case against phosphates and phosphoric acid producer Foskor over the alleged breaching of a court order by the Competition Tribunal 

Alphamin secures regulatory approval for secondary listing

By: Natasha Odendaal     29th November 2017 TSX-V-listed tin exploration and development company Alphamin is planning a December 7 secondary inward listing on the  alternative exchange of the JSE after having obtained all regulatory approvals. The JSE and the South African Reserve Bank have approved the secondary listing. 

Bushveld Energy and Partners Deploy Eskom's First Vanadium Redox Flow Battery

21st November 2017 Bushveld Minerals Limited , a mineral project development company with a portfolio of vanadium and coal assets in Southern Africa and an investment in tin, is pleased to announce that its 84%-owned energy subsidiary, Bushveld Energy Limited ("Bushveld Energy") has confirmed its first vanadium... 

Matodzi Nesongozwi

By: Ilan Solomons     3rd November 2017 This week Mining Weekly features Matodzi Nesongozwi, CEO of Manngwe Mining, a black-led iron-ore mining company   

CoM committed to finding workable solutions that are in the national interest

By: Mia Breytenbach     5th October 2017 The Chamber of Mines (CoM) has drawn a firm line in the sand regarding its opposition to unethical leadership, bad governance and State capture,” CoM president Mxolisi Mgojo asserted on Thursday. “We are doing what is necessary to ensure better outcomes for our sector and our country. The chamber... 

$70m already spent at $134m DRC tin project

By: Ilan Solomons     25th August 2017 Tin exploration and development company Alphamin Resources is nearing completion of the boxcut at its 9 900 t/y Bisie tin project, in North Kivu, in the Democratic Republic of Congo (DRC). Alphamin CEO Boris Kamstra tells Mining Weekly that local earthworks contractor Kongo River, which is... 

Bisie boxcut nears completion, first tin concentrates in 2019

By: Ilan Solomons     15th August 2017 Tin exploration and development company Alphamin Resources is nearing completion of the boxcut at its 9 900 t/y Bisie tin project, in North Kivu, in the Democratic Republic of Congo (DRC). Alphamin CEO Boris Kamstra tells Mining Weekly Online that local earthworks contractor Kongo River, which is... 

Pumps companies among winners at awards ceremony

16th June 2017 Family-owned, Centurion-based pumps manufacturer Hazelton Pumps has walked away with the Most Innovative Award and the Best Customer Service of the Year Award – as it did in 2015 – at the third annual Steel and Engineering Industries Federation of Southern Africa (Seifsa) Awards for Excellence.... 

Incubation fund launched to support mining startups

By: Ilan Solomons     16th June 2017 In response to the funding challenges young business people in the South African mining industry are faced with, a fellow young professional in the mining industry has recently established the Simba Mgodi Mining Incubation Fund to assist start-ups in the mining industry and junior miners looking... 

DiamondCorp to appoint administrators

By: Creamer Media Reporter      28th April 2017 Embattled South African diamond development company DiamondCorp has filed notice of its intention to appoint Stephen Cork and Jo Milner of Cork Gully as joint administrators, after the board determined that the company is no longer able to continue trading as a going concern. The company on... 

Zambia said to near mine company stake sale to Israeli investor

By: Bloomberg     25th April 2017 Zambia, Africa’s second-biggest copper producer, is close to selling a stake in ZCCM Investments Holdings, a State controlled mine holding company, for more than $100-million, according to three people familiar with the matter. Sapir Capital, an Israeli private equity company that’s invested in... 

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