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Creamer Media Reporter

De Beers records lower sales amid macroeconomic uncertainty

21st May 2019 The value of De Beers’ rough diamond sales for the fourth cycle of this year fell year-on-year “against a backdrop of macroeconomic uncertainty”, CEO Bruce Cleaver said on Tuesday. Sales decreased to $415-million, compared with $554-million in the fourth sales cycle of 2018. 

Traka accelerates expansion into wider African markets

20th May 2019 Leveraging on almost two decades of experience in South Africa, and a presence in a further six African countries, networked key and equipment management solutions company Traka Africa announces an acceleration in their growth strategy. It plans to open new operations or expand more widely in... 

Simplified backfill

20th May 2019 Victaulic, the world’s leading manufacturer of mechanical pipe-joining systems, has seen great success with the introduction and implementation of its series 725 diverter valve, and its impact on the South African mining industry. As the industry’s first grooved-end valve designed specifically... 

Jozi Power buys back shares from G5

20th May 2019 Jozi Power, the mining power station and transformer rental specialist, bought back the entire 29% stake held by its largest shareholder, a subsidiary of Group Five, currently in business rescue. Jozi Power operates power stations for mines in Africa. It is currently active at mines in Sierra... 

Cobalt 27 completes Highlands Pacific acquisition

20th May 2019 TSX-V-listed Cobalt 27 has completed the acquisition of Highlands Pacific, bolstering the company's prospects a growing diversified battery metals streaming and royalty company. As a result of the acquisition, Cobalt 27 now holds an 8.56% joint venture interest in the producing Ramu mine, a... 

Canada funds mining climate change adaptation project

20th May 2019 The Canadian government has announced a C$325 000 investment in the Mining Association of Canada’s climate change adaptation project, which seeks to make mining operations resilient to a changing climate and extreme weather events. The project – Climate Change Risk and Adaptation Best Practices... 

Transnet appoints acting CFO

17th May 2019 State-owned Transnet has appointed Mark Gregg-Macdonald acting CFO, with effect from May 13. He will also serve on Transnet's board. 

Denham to support Diamond Fields’ Madagascar zircon project

17th May 2019 TSX-V-listed Diamond Fields Resources (DFR) on Thursday unveiled a cooperation agreement with private equity firm Denham Capital’s Denham Mining Fund, which also includes an option agreement that could see the junior being carried to production at the Beravina zircon project, in Madagascar.... 

Confidence and investment returning to British Columbia’s mining industry

17th May 2019 The performance of British Columbia mining companies are mirroring the return of confidence to the global industry, with the mining sector of Canada’s westernmost province posting positive results for the second consecutive year. PricewaterhouseCooper (PwC) Canada’s ‘BC Mine’ report states that... 

Invincible Valves

17th May 2019 High-quality valve products and ancillary equipment supplier Invincible Valves prides itself on service excellence and exibility, as it strives to enhance every customer’s bottom line. The 36-year-old company’s core values include growing through creativity, invention and innovation. 

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