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Search Results for "rail"

Local expertise needed to address challenges
8th March 2024

Despite having the most advanced railway system on the continent, with about 30 000 km of track, the South African rail and transportation sector is currently facing numerous significant challenges, electromechanical equipment manufacturer Actom Signalling division engineering projects and... 


Longonjo neodymium/praseodymium project, Angola – update
8th March 2024 By: Sheila Barradas

Preparatory works are advancing smoothly. 


Jansen potash project, Canada – update
8th March 2024 By: Sheila Barradas

BHP has signed nonbinding sales agreements for all potash production from both phases of the Jansen mine. 


Burnstone gold project, South Africa – update
8th March 2024 By: Sheila Barradas

Consistent with the requirements of Sibanye’s capital allocation framework, the project will be delayed and is expected to ramp up again during 2025.  


South Africa's Menar clinches mining MoU with government of Gabon
5th March 2024 By: Martin Creamer

South Africa’s consistently advancing mining investment company Menar has signed a memorandum of agreement with the government of Gabon. “We think that Gabon is one of the promising countries when it comes to investments in mining, especially manganese and iron-ore,” Menar MD Vuslat Bayoglu... 


Hitachi Energy, BluVein accelerate the electrification of heavy haul mining fleets through MoU
5th March 2024 By: Sabrina Jardim

Global technology group Hitachi Energy and BluVein – an innovator in dynamic charging technology – have signed a memorandum of understanding (MoU) to accelerate the electrification of heavy haul mining fleets. Hitachi Energy's advanced power electronics and digital charging technologies allow... 


South African economy averts recession as mining sector rebounds
5th March 2024 By: Bloomberg

South Africa’s economy escaped a technical recession in the fourth quarter as fewer rotational power cuts helped energy-intensive industries including mining and manufacturing rebound. Gross domestic product expanded 0.1% in the three months through December, compared with a contraction of 0.2%... 


Red Rock selected as location for Ontario lithium refinery
5th March 2024 By: Mariaan Webb

Clean technology company Rock Tech has selected the former Norampac paper mill site in Red Rock as the location to develop Ontario’s first lithium refinery. Rock Tech, which is listed on the TSX-V, has signed a binding cooperation agreement with the BMI Group, outlining a long-term lease for the... 


More warehouse space across South Africa
1st March 2024

Logistics service provider Rhenus South Africa is expanding its warehousing capacities in South Africa. The company’s integrated warehousing services will be particularly focused on providing services to the healthcare, life sciences, retail and renewable energy sectors. A new 3 000 m2 warehouse... 


Parties sign letter of intent to develop multibillion-dollar corridor connecting Guinea and Liberia
1st March 2024 By: Sabrina Jardim

US-based mineral exploration and development company High Power Exploration (HPX), which is backed by Ivanhoe Mines co-chairperson Robert Friedland, has signed a letter of intent (LoI) with the Liberian government and pan-African diversified investment and operations group Guma Africa Group to... 


Ringrollers brings its expertise to new sectors
1st March 2024 By: Nadine Ramdass

Leading steel products manufacturer Naledi Ringrollers has, for more than 50 years, been committed to high-quality standards and is making significant strides in the railway, general engineering, automotive and petrochemical industries. Through increased production capacity, Ringrollers has... 


Longonjo neodymium/praseodymium project, Angola – update
1st March 2024 By: Sheila Barradas

Pensana has concluded a nonbinding term sheet with the Longonjo lender consortium for a project finance debt facility of up to $156-million. 


Kapstevel South project, South Africa – update
1st March 2024 By: Sheila Barradas

The project is largely complete. 


DBSA’s new Project Vumela financing instrument to help municipalities fund bulk infrastructure investment
1st March 2024 By: Darren Parker

Development finance institution the Development Bank of Southern Africa (DBSA) has introduced a new financing instrument called Project Vumela, which blends municipal revenue sources with financing from development finance institutions and commercial finance. Revealed in the 2024 Budget Review on... 


Cabinet and business praise Sasol and TFR for ‘first-of-its-kind’ partnership to repair 128 ammonia tankers
29th February 2024 By: Terence Creamer

Both Cabinet and organised business have lauded the five-year public-private partnership agreement between Sasol and Transnet Freight Rail (TFR), under which the energy and chemicals group will fund the maintenance and repair of a dedicated fleet of 128 ammonia tankers. In a statement following... 


Business sees appointment of Phillips as key step in accelerating Transnet Recovery Plan
29th February 2024 By: Terence Creamer

Organised business says the appointment of a permanent executive team at Transnet – led by CEO Michelle Phillips, who has been acting in the role since September and who has been with the utility for 20 years – will enhance stability in the relationships between Transnet and the business sector... 


Amid disposals, AECI aligns internationalisation strategy to regions geared for rapid critical minerals growth
28th February 2024 By: Terence Creamer

JSE-listed AECI, which is undergoing far-reaching restructuring to re-focus on its core mining and chemicals businesses and reduce debt, reports strong initial interest in the six noncore companies that it plans to dispose of over the coming 18 months for combined proceeds of about R2.5-billion.... 


BCG highlights challenges, opportunities amid energy transition
28th February 2024 By: Sabrina Jardim

Amid the global transition to cleaner energy sources, African countries face various challenges and opportunities pertaining to the adoption of renewable energy. Consulting firm Boston Consulting Group (BCG) partner Rudi van Blerk noted during an online discussion on February 27 that many African... 


Ringrollers brings its expertise to new sectors
27th February 2024

Leading steel products manufacturer Naledi Ringrollers has, for more than 50 years, been committed to high-quality standards and is making significant strides in the railway, general engineering, automotive and petrochemical industries. 


TGME underground project, South Africa – update
23rd February 2024 By: Sheila Barradas

Theta Gold Mines has selected a subsidiary of Power Construction Corporation, of China, for the construction of its TGME gold plant, tailings storage facility and wastewater dams. 


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