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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... 

African Battery Metals completes field operations at Kisinka project

By: Simone Liedtke     17th May 2019 Field operations at Aim-listed African Battery Metals’ Kisinka copper/cobalt project, in the Democratic Republic of Congo, have now been completed. ABM executive director Paul Johnson says the team “coped well with difficult on-site logistics as grass levels remained high after late rains, and we... 

Tharisa sticks to dividend guns as mine reconfiguration lowers output, profit 

By: Martin Creamer     15th May 2019 Platinum group metals and chrome mining company Tharisa Minerals has not allowed lower half-year production, profit and cash flow to get in the way of declaring an interim dividend. The Johannesburg- and London-listed company declared a $0.005-a-share payout on earnings a share of $0.4c, in... 

Not all deals at Transnet went through prescribed processes – acting CEO

By: African News Agency      15th May 2019 Not all transactions at State-owned logistics company Transnet were handled in compliance with stipulated processes, acting CEO Mohammed Mahomedy told the commission probing graft on Wednesday. "What we found was that certain transactions were approved through normal processes and some of the... 

JV brings Iron Ridge closer to development

By: Esmarie Iannucci     7th May 2019 Junior iron-ore developer Fenix Resources has struck a strategic alliance agreement with trucking and logistics company Minehaul, which could resulted in the accelerated development of the Iron Ridge project, in Western Australia. Under a joint venture (JV), known as Premium Minehaul, trucking... 

Hwange Colliery sees signs of hope despite widened 2018 loss 

By: Simone Liedtke     6th May 2019 Despite achieving higher production and sales volumes for the year ended December 31, 2018, Zimbabwe-based Hwange Colliery’s financial performance worsened, with the miner’s loss for the year having widened by 79% to $78.4-million, from a loss of $43.8-million in 2017. The bigger loss was mainly... 

Solutions provide mining with better water quality

3rd May 2019 An innovative new mobile water station has been developed to provide safe drinking water for remote workforces in the mining sector – improving water quality and worker satisfaction, cutting costs and spurring improved environmental performance by slashing the need for costly single-use plastic... 

Transnet promises to fill executive vacancies as Mahomedy is appointed new acting CEO 

By: Terence Creamer     2nd May 2019 State-owned freight logistics group Transnet has appointed Mohammed Mahomedy as acting group CEO after its board decided not to extend the six-month contract of the Tau Morwe, beyond Friday, May 3. Mahomedy, who has worked with Transnet for more than 12 years, has been acting CFO for the past 12... 

Vale board confirms interim head Bartolomeo as CEO

By: Reuters     30th April 2019 Brazilian miner Vale, the biggest iron-ore producer, announced on Monday that its board has confirmed Eduardo Bartolomeo as the company's CE. Bartolomeo took over as interim head of Vale two months ago when his predecessor Fabio Schvartsman resigned after one of the company's mining dams burst in... 

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