Welcome to Creamer Media’s Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry.
This week:
Transnet sets up R20bn acquisitions war chest, as it pulls in capex horns
And, Pneumatic cylinder uniformity benefits distributor, improves part availability
State-owned freight logistics group Transnet has set aside a R20-billion war chest for mergers and acquisitions inside South Africa and the rest of the continent, owing to “limited” prospects for organic growth domestically.
Transnet CEO Siyabonga Gama
With no drastic changes over the last 100 years in the design of the pneumatic cylinders specified by the mining industry, these components are easily replaceable, thereby preventing costly production stoppages at mines.
Torre Parts & Components product manager Eugene Van Der Lith
For mining news as it breaks, stay logged onto Mining Weekly.com and register for our free daily newsletter.