Nampak to spend R1.6bn on glass, beverage can expansions

The board of South African packaging company Nampak approved capital expenditure (capex) of about R1-billion for the installation of a third glass furnace for its Nampak Glass division, at its... 

Bank backs geothermal power development in East Africa

Building on the success of its 400 MW Menengai geothermal project, in Kenya, the African Development Bank (AfDB) is focusing on developing Tanzania’s geothermal potential, with the required... 

Northern Cape desalination plant feasibility study kicks off

Sedex Desalination, a subsidiary of mineral exploration and development company Frontier Rare Earths, has commissioned consulting and engineering services provider Royal HaskoningDHV to undertake a... 

Nombembe says SA still not serious enough about fighting corruption

South Africa’s government was not serious enough about overcoming corruption in the public sector, which made it difficult to adequately protect whistle blowers in the country, South Africa’s... 

Eqstra makes final R146m offer to acquire remaining stake in Protech

Contract mining and equipment group Eqstra on Thursday posted its final-offer circular to shareholders of civil engineering group Protech Khuthele to acquire the remaining 67.2% Protech stake it... 

SA mining sector leadership to publicly denounce violence, intimidation

To create a mining industry in South Africa where peace and stability reigned supreme, the leadership of sector role-players would collectively and publicly denounce violence, intimidation, and... 

Strikes, safety stoppages result in 64% drop in Village’s earnings

JSE-listed miner Village Main Reef recorded a 64% fall in basic earnings a share to 5.92c in the six months ended December 2012, down from 16.57c in the 2011 corresponding period, as production was... 

Jubilee, Platinum Australia merger moves closer to finalisation

The majority of the transactional documents for the proposed merger between Aim- and JSE-listed Jubilee Platinum and ASX-listed Platinum Australia had been finalized, with the conclusion of the... 

Sirius Minerals signs marketing agreement with Keytrade

Global potash development group Sirius Minerals has signed an agreement with mineral fertiliser trader Keytrade to market up to 1.75-million tons a year of polyhalite produced at Sirius’ UK-based... 

Petmin to report lower H1 earnings

Johannesburg- and London-listed junior miner Petmin on Friday said it expected its earnings per share (EPS) from continuing operations to fall by about 16% for the six months ending December. EPS... 

Technology agency developing new portfolio management system

The Technology Innovation Agency (TIA) has invited service providers to submit proposals for the development of an investment and portfolio management system for a business-enablement... 

Industrial distributor hopes to capitalise on improving economic trends

Industrial distributor Hudaco Industries was “in good shape” to continue its good performance in 2013, as exports from South Africa to neighbouring countries grew and the global economy showed... 

Firestone completes first settlement under financial restructuring process

JOHANNESBURG (miningweekly.com) - In the first stage settlement of South African coal miner Firestone Energy’s financial restructuring, it had sold 27.15-million new convertible notes (NCNs) to... 

Briggs confident beleaguered Kusasalethu will be operating at full production by June quarter

JOHANNESBURG (miningweekly.com) – Gold producer Harmony Gold CEO Graham Briggs was confident the company’s embattled Kusasalethu mine, near Carletonville, would be operating at full production by... 

London Mining, Wits Basin agree to dismiss claims

Aim-listed London Mining on Monday said it had reached a settlement agreement with joint venture (JV) partner Wits Basin Precious Minerals to dismiss the repayment of a $1-million loan to London... 

Glencore full-year coal, copper output up

Commodities trader Glencore, which is merging with global diversified miner Xstrata in a $36-billion deal, on Tuesday reported a 104% increase in its thermal coal production for 2012 to... 

Review of Sula’s Sierra Leone licence area reveals five target areas

Minerals exploration and development company Sula Iron & Gold on Monday said five target areas for hard-rock gold mineralisation had been confirmed for follow-up exploration at its wholly owned 153... 

Appeal hearing against dismissal of Angel Diamonds’ liquidation postponed

The appeal lodged by certain minority stakeholders against the dismissal of the second provisional liquidation of diamond exploration and development company Thabex’s 60.09% owned subsidiary Angel... 

Palabora expects significant fall in 2012 earnings

JSE-listed copper miner Palabora expected to incur a basic loss of R97-million or R2.01 a share for the year ended December, owing to safety stoppages at its operations in Limpopo, as well as... 

Aquarius appoints new board member

ASX-, LSE- and JSE-listed Aquarius Platinum (AQP) has appointed former Anglo American Platinum (Amplats) director Sonja de Bruyn Sebotsa to its board of directors with effect February 6. De Bruyn... 

Poor policy, legislation dampening IDZ programme success

The inadequate design and delivery of effective enabling policy instruments was hampering the incentives for South Africa’s industrial development zone (IDZ) programme, East London Industrial... 

Contractors sought for R300m Coega IDZ wind tower factory

The Coega Development Corporation (CDC) has requested interested contractors to bid for the construction of a 22 000 m2 wind tower manufacturing facility and associated infrastructure on behalf of... 

TNPA says tariff proposals take longer-term view

The Ports Regulator of South Africa would, in March, hold road shows in Johannesburg, Cape Town, Port Elizabeth and Durban to facilitate stakeholder consultations regarding the Transnet National... 

Job creation, localisation important for future Rea Vaya procurement phases

Job creation and localisation would form an important part of the City of Johannesburg's future procurement programmes for its Rea Vaya bus rapid transit (BRT) system, the city's mayoral committee... 

Africa urged to take more aggressive stance in fight against conflict diamonds

JOHANNESBURG (miningweekly.com) – To ensure the survival of the diamond industry, the African leadership of, and footprint in, the Kimberly Process (KP) would have to be expanded, chairperson... 

Bakubung ‘absolutely viable’ despite challenging market – COO

JOHANNESBURG (miningweekly.com) – JSE-listed Wesiswe Platinum’s new COO Paul Smith said he had confidence in the viability of the company’s flagship Bakubung platinum project, in the North West... 

Minas Moatize to ramp up in accordance with Sena line expansion

JOHANNESBURG (miningweekly.com) - The ramp-up of export production from coal junior Beacon Hill Resources’ Minas Moatize mine would be phased in to match the company’s anticipated rail capacity on... 

Road ahead ‘smoother’ for Minas-Rio – Carroll

JOHANNESBURG (miningweekly.com) – The road ahead for Anglo American’s troubled Brazilian Minas-Rio iron-ore project would be much smoother than in past years, outgoing CEO Cynthia Carroll said on... 

Bullabulling project advances to DFS stage

A prefeasibility study (PFS) for gold junior Bullabulling Gold’s proposed Bullabulling project, in Western Australia, has indicated that the project is technically and financially viable. The... 

Marengo to spend $1.42bn on Yandera EPC contract

ASX- and TSX-listed Marengo Mining has been quoted $1.42-billion for a turnkey engineering, procurement and construction (EPC) contract to develop its Yandera copper/molybdenum/gold project, in... 

Top 25 Australian miners reach biggest market cap in over a year

Professional services firm Deloitte’s latest Mining League Table has shown that Australia’s top five mining companies ended the last quarter of 2012 with their highest market capitalisation in over... 

CRG’s 2012 production within guidance

LSE- and JSE-listed gold miner Central Rand Gold (CRG) produced 13 709 oz of gold in 2012, which was within 98% of the production guidance issued in its third quarter interim management statement.... 

Firestone completes first settlement under financial-restructuring process

In the first stage settlement of South African coal miner Firestone Energy’s financial restructuring, it had sold 27.15-million new convertible notes (NCNs) to Ariona Company for A$5-million in... 

First Uranium gets final $5m from Gold One escrow

Toronto- and Johannesburg-listed First Uranium Corporation said on Monday it had received the $5-million balance of the $70-million in proceeds from the sale of its South African subsidiary First... 

Briggs confident Kusasalethu to reach full production by June quarter

Gold producer Harmony Gold CEO Graham Briggs was confident the company’s embattled Kusasalethu mine, near Carletonville, would be operating at full production by the end of the June quarter. “In... 

Tau Lekoa worker dies

Operations relating to the reef horizon at JSE-listed Village Main Reef’s Tau Lekoa gold mine have been halted after a worker was killed in a electric shock incident on Thursday evening. The gold... 

Dube TradePort aims to develop air services roadmap

The Dube TradePort Corporation (DTPC) has invited consultants to submit proposals to support it in further developing air services and route development services for the King Shaka International... 

Bigger African footprint needed in fight against illicit diamond trade

To ensure the survival of the diamond industry, the African leadership of, and footprint in, the Kimberly Process (KP) would have to be expanded, chairperson Welile Nhlapo said Thursday. South... 

Bakubung ‘absolutely viable’ despite challenging market – COO

JSE-listed Wesiswe Platinum’s new COO Paul Smith said he had confidence in the viability of the company’s flagship Bakubung platinum project, in the North West province, despite the volatile nature... 

Minas Moatize to ramp up in accordance with Sena line expansion

The ramp-up of export production from coal junior Beacon Hill Resources’ Minas Moatize mine would be phased in to match the company’s anticipated rail capacity on the Sena rail line, in Mozambique....