R/€ = 18.3420 Change: 0.0264
R/$ = 17.4959 Change: 0.0364
Au 1769.46 $/oz Change: 0.75
Pt 994.00 $/oz Change: -6.24


Company supplies innovative products to sector

By: Cameron Mackay     25th November 2022 The prevalence of build projects for new warehouses, distribution centres and other logistics infrastructure has provided local steel supplier Macsteel with opportunities to supply its innovative products for steel construction and cladding projects. Some of these products include Novotexi and... 

Independents bullish on oil and gas outlook in Nigeria

By: Cameron Mackay     11th November 2022 The Petroleum Industry Act (PIA) – implemented in Nigeria last August – provides an ideal regulatory framework for the industry, as well as opportunities for smaller oil and gas companies, such as Nigerian oil and gas company Zigma, to become more involved in the industry, says Zigma founder and... 

Teck exits oil sands with C$1bn Fort Hills sale

By: Mariaan Webb     27th October 2022 Canada’s biggest diversified miner, Teck Resources, on Wednesday announced the sale of its 21.3% interest in the Fort Hills Energy partnership to Suncor Energy for C$1-billion in cash. With the transaction, Teck is exiting the oil sand business, in line with its strategy of pursuing growth in... 

Teck eyes spinoff or divestment of Fort Hills oil sands stake

By: Reuters     30th September 2022 Canada's Teck Resources said on Thursday it could pursue a spinoff or divestment of its stake in the Fort Hills oil sands project if the value of the asset is not reflected in Teck's share price. The comments come a day after French company TotalEnergies, another partner in the Fort Hills mine... 

Astro and Greenvale firm up Georgina Basin plans

By: Esmarie Iannucci     20th September 2022 Junior Astro Resources has struck a definitive deal with fellow-listed Greenvale Mining to acquire a majority interest in the Georgina Basin iron-oxide/copper/gold (IOCG) project, in the Northern Territory. Astro will acquire an 80% interest in Greenvale’s subsidiary Knox Resources, which owns... 

AECI Much Asphalt to pioneer low carbon asphalt production

12th August 2022 South African chemicals group AECI Much Asphalt and carbon negative materials producer Origin Materials have launched a programme to create a novel low-carbon bitumen that is expected to create considerable value in the developing African market. 

Teck's quarterly profit surges to C$1.8bn, CEO Lindsday retires

By: Mariaan Webb     27th July 2022 Canada’s biggest diversified miner, Teck Resources, has announced record quarterly profit, warned of inflationary pressures, adjusted its costs guidance and made some big changes to its deck with the retirement of president and CEO Don Lindsay at the end of September. The miner on Tuesday posted... 

Maintenance of ageing road network a top priority – JRA

By: Tracy Hancock     24th June 2022 The deterioration of Johannesburg’s roads is a key concern in terms of the general maintenance of the city, with inclement weather, vandalism and theft, as well as ageing infrastructure, the key challenges hindering service delivery, says Johannesburg Roads Agency (JRA) acting road infrastructure... 

‘Worst first’ road repair strategy no solution amid rapid deterioration

By: Irma Venter     27th May 2022 A lack of preventive maintenance is by far the biggest contributor to the deterioration of the South African road network, says South African National Roads Agency Limited (Sanral) engineering executive Louw Kannemeyer. “It is purely because the infrastructure is not being maintained. And,... 

Bind-X is improving innovation, profitability and sustainability in mining

9th May 2022 Dust in open pit mines causes health and safety problems, environmental penalties, and loss of production. The problem gains importance as governments enforce increasingly strict regulations. Current methods, such as spraying water or using chemicals (e.g. salts, synthetic polymers, bitumen) are... 

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