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Uncertain when Milnerton oil refinery will come back on stream ­ 

By: Martin Creamer     11th August 2020 Astron Energy’s oil refinery in Cape Town, where a fire broke out last month killing two people and injuring seven others, remains closed while a full investigation into the incident is carried out. The former Chevron 100 000 bbl/d Milnerton refinery – which with the Caltex brand now fall under... 

De Beers rethinks business after diamond collapse exposes cracks

By: Bloomberg     25th July 2020 De Beers is considering ways to restructure mines, expand in jewelry and overhaul diamond sales, as the world’s biggest and oldest producer rethinks its entire business in an industry left paralyzed by the pandemic. The company founded by British imperialist Cecil Rhodes in the late 1800s was... 

India’s leading blast hole drill manufacturer enters the African Market

By: Creamer Media Reporter      16th July 2020 Revathi Equipment Limited (REL) is India’s leading manufacturer of high power range of blast hole drills for mining and construction, water well, exploratory drill rigs, and allied products for more than four decades. Founded in 1977 as Revathi CP Equipment limited the Indian Unit of US based... 

Real Energy and Strata-X to merge

By: Esmarie Iannucci     15th July 2020 ASX-listed Real Energy has struck a merger agreement with joint venture (JV) partner Strata-X Energy to create a new entity called Pure Energy Corporation with gas resources in the Surat and Cooper basins, in Queensland, and in the Republic of Botswana. Under the terms of the merger agreement,... 

Power Metal raises £1m to accelerate exploration

By: Schalk Burger     6th July 2020 Aim-listed metals exploration and development company Power Metal Resources has raised £1-million to accelerate exploration across its portfolio of projects and to commercialise select project interests. The funds raised will increase the available working capital (cash and listed financial... 

R10m Covid testing lab unveiled at De Beers' Venetia diamond mine

By: Martin Creamer     1st July 2020 De Beers Venetia Mine has unveiled a R10-million coronavirus testing laboratory that will be used to check the diamond mines’ employees and contractors for Covid-19. Discussion with the Department of Health is also under way on assisting with the government’s screening efforts in the mine’s... 

Kavango appoints geological modelling firm to advance target selection in KSZ

By: Tasneem Bulbulia     12th June 2020 Aim-listed Kavango Resources has appointed specialist geological modelling firm Mira Geoscience to advance target selection for future drilling in the Kalahari Suture Zone (KSZ), in Botswana. Mira is skilled in advanced geological and geophysical three-dimensional (3D) modelling, including the... 

Rebooting world’s deepest mines sparks massive labour migration

By: Bloomberg     11th June 2020 South Africa’s gold and platinum miners are racing to bring back thousands of skilled migrant workers who are crucial to ramping up output following the easing of the nation’s coronavirus lockdown. For almost 150 years, South Africa’s deep-level mines relied on cheap labor from neighboring... 

The Africa Continental Free Trade Area Protocol on Investment: A Prickly Pear for SADC and other Regional Economic Communities

By: Creamer Media Reporter      5th June 2020 Current state of play of the AfCFTA The secretary-general of the Africa Continental Free Trade Area (AfCFTA) secretariat, Mr Wemkele Mene made an announcement on 28 April 2020 of the postponement of the 1 July 2020 official implementation start date. Mr Mene cited the adverse effects of Covid-19... 

Raubex divisions see return to profitability

By: Simone Liedtke     29th May 2020 Infrastructure development and construction materials supply group Raubex managed to maintain sufficient capacity to participate in any improvement in the sector, while simultaneously undertaking rightsizing initiatives has seen the company’s roads and earthworks division return to profitability.... 

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