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Mining sector facing similar ‘bullying tactics’ to that hindering construction 

By: Nadine James     22nd May 2019 Similar “bullying tactics” to those that are causing significant disruption in the South African construction industry, is also affecting the mining industry, Minerals Council South Africa CEO Roger Baxter confirmed on Wednesday. In a media briefing following the council’s annual general meeting... 

AfriTin secures £4.7m to bring Uis Phase 1 into production

By: Tasneem Bulbulia     22nd May 2019 Aim-listed AfriTin Mining has secured additional financing that will enable it to bring the Phase 1 pilot plant at its flagship Uis tin mine, in Namibia, into production. The company raised about £3-million through the issue of 99.61-million ordinary shares. 

Young consumers, self-buying to boost platinum jewellery demand

By: Tasneem Bulbulia     22nd May 2019 Young consumers, men’s jewellery and female self-purchasing will build on platinum’s entrenched standing in bridal jewellery to drive future demand, Platinum Guild International (PGI) reports. The guild’s yearly ‘Platinum Jewellery Business Review’ surveys over 1 000 manufacturers and retailers,... 

Eskom keeps investors in the dark as debt speculation mounts 

By: Bloomberg     22nd May 2019 As speculation swirls about plans to deal with Eskom Holdings’ crippling debt load, one group of stakeholders hasn’t been consulted – owners of the company’s R243-billion of bonds. South Africa’s State-owned power utility is groaning under almost R500-billion of bond and loan debt, according to... 

Lithium Australia declares vanadium resource

By: Esmarie Iannucci     22nd May 2019 ASX-listed Lithium Australia has reported a maiden vanadium resource of 185-million tonnes, at 0.33% vanadium oxide for its Youanmi project, in Western Australia. Lithium Australia said that the maiden resource estimate comprised an oxide resource o 96-million tonnes, at 0.34% vanadium oxide,... 

WPG administrators weigh more offers

By: Esmarie Iannucci     21st May 2019 The administrators of embattled WPG Resources have adjourned a second meeting of the company’s creditors to consider two additional takeover offers. WPG went into administration in 2018 following a default on a A$20-million debt facility. 

Traka accelerates expansion into wider African markets

By: Creamer Media Reporter      20th May 2019 Leveraging on almost two decades of experience in South Africa, and a presence in a further six African countries, networked key and equipment management solutions company Traka Africa announces an acceleration in their growth strategy. It plans to open new operations or expand more widely in... 

Buoyed by mining recovery, Barloworld looks to Mongolia for growth 

By: Irma Venter     20th May 2019 Barloworld’s results on Monday reflected some of the biggest trends in the South African economy, with the company reporting a sharp drop in equipment sales to the troubled construction industry, as well as a decline in new-vehicle sales and car rental days, but with the mining industry seemingly... 

Chicago Pneumatic showcases generator fitness at Botswana MTEs

20th May 2019 Chicago Pneumatic is passionately powering a drive to expand its presence and brand awareness across Southern Africa. A key platform which has proven to greatly assist the company to achieve these goals is the Mining & Technical Exhibition (MTE), at which the high-performance tools and equipment... 

Jozi Power buys back shares from G5

By: Creamer Media Reporter      20th May 2019 Jozi Power, the mining power station and transformer rental specialist, bought back the entire 29% stake held by its largest shareholder, a subsidiary of Group Five, currently in business rescue. Jozi Power operates power stations for mines in Africa. It is currently active at mines in Sierra... 

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