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Aveng may ‘upsize’ R300m recapitalisation should shareholders show appetite 

By: Terence Creamer     30th November 2020 Infrastructure and contract mining group Aveng has expressed confidence that its recently unveiled debt restructure and recapitalisation plan will provide the “reset” required for its two  remaining core businesses, McConnell Dowell and Moolmans, to begin growing again, with the Australasian... 

Moolmans remobilises after lockdown, but Aveng warns of liquidity risks

By: Terence Creamer     14th May 2020 Construction and engineering group Aveng reports that the group’s South African contract-mining subsidiary, Moolmans, has recommenced full operations at the majority of its opencast contracts, while its underground project at Platreef is operating at 50% of capacity in line with South Africa’s... 

Streamlined Aveng says core units are poised to grow as disposals taper 

By: Terence Creamer     25th February 2020 Infrastructure and resources group Aveng, which is at the tail-end of a far-reaching restructuring exercise that has already resulted in disposals collectively valued at R1-billion, reports that its two remaining core businesses – Moolmans and McConnell Dowell – are both operating profitably and... 

Aveng nets R520m from disposals, says noncore sales to be wrapped up in 2020 

By: Terence Creamer     29th August 2019 Infrastructure and resources group Aveng reported on Thursday that it had secured R520-million from the sale of six noncore businesses, as well as other assets, and that the process of disposing its remaining noncore businesses would be completed during 2020. The three noncore businesses not yet... 

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