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Barloworld posts solid interim HEPS, but lower BEPS amid Eurasian headwinds

By: Marleny Arnoldi     23rd May 2022 Diversified group Barloworld has delivered a noteworthy increase in group operating profit of 34.7% year-on-year to R2.8-billion for the first six months ended March 31, despite starting to feel the pinch from Eurasian volatilities. The industrial brand-owner plans on paying a 165c apiece... 

Forum set up to improve cooperation between Eskom, Transnet and domestic industrialists 

By: Terence Creamer     20th May 2022 A new forum comprising Eskom, Transnet and domestic industrialists is to be established to improve collaboration between the two large infrastructure-focused State-owned companies and domestic manufacturers and suppliers. The initiative was unveiled by Ministers Pravin Gordhan and Ebrahim Patel... 

Partnership to shape future of coloured gemstone sector

20th May 2022 Technology gateway GemCloud, which has the potential to play a central role in shaping the future of the coloured gemstone sector, has gained a new, non-controlling anchor investor through coloured gemstone miner Gemfields’ establishment of Gemdustry. “Gemfields is delighted to support GemCloud,... 

Digitalisation drive already yielding impressive results for M&D

19th May 2022 Leading multi-disciplinary construction company, Murray & Dickson Construction Group’s drive to digitalise processes is already yielding favourable results. This is especially noteworthy for the company’s technically complex projects for private sector clients operating in the energy and mining... 

Tharisa’s acquisition of Karo considered to be fair to shareholders

By: Darren Parker     18th May 2022 JSE-listed integrated resource group Tharisa’s acquisition of a controlling interest in platinum group metals (PGMs) miner Karo Mining Holdings, which was announced on March 31, has been ruled fair insofar as the shareholders of Tharisa are concerned. The group announced on May 18 that the... 

US coal companies struggle to cash in on Europe crunch

By: Reuters     17th May 2022  US coal producers are seeking to boost exports to cash in on soaring prices since Russia's invasion of Ukraine but face big headwinds including shipping bottlenecks, labor shortages, and a dismal long-term outlook discouraging investments in new mines. The outlook means the United States, which... 

Business personalities Kgatle, Van der Burgh form new mining JV

By: Darren Parker     17th May 2022 Business personalities Lucky Kgatle and Quinton van der Burgh have jointly incorporated a new joint venture (JV) named Tlou Commodities, which is aimed at engaging and growing the local mining sector. The JV will pursue the establishment of a successful and sustainable coal and metal conglomerate... 

South African coal consumers face tough decisions as miners prioritise exports over domestic offtakers – Jones 

By: Donna Slater     13th May 2022 A potential food crisis may be brewing in South Africa as domestic coal consumers face increasing difficulty in securing coal supplies at a fair price to fire their processing plants, says commodity insights and marketplace company African Source Markets CEO Bevan Jones. He tells Mining Weekly... 

Neometals JV signs deal with Mercedes-Benz

By: Esmarie Iannucci     13th May 2022 ASX-listed Neometals on Friday announced that its joint venture with SMS Group, Primobius, had inked a conditional, binding agreement with Mercedes-Benz subsidiary LICULAR to develop a battery recycling plant. Mercedes-Benz in March tapped Primobius as its technology partner for the design and... 

Global diamond trade fractures under the weight of Russia sanctions

By: Bloomberg     13th May 2022 Russia’s invasion of Ukraine is fracturing a billion-dollar trade that spans the permafrost-laden diamond mines of Siberia, secretive trade houses in Antwerp, dusty polishing powerhouses in India and New York’s glittering designer jewellery stores. Russian mining giant Alrosa supplies about a... 

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