News2018-08-01T16:20:10+01:00

Uganda plans to restore railway after high-speed upgrade delays

Uganda plans to invest $205-million in restoring a railway from the capital Kampala to the Kenyan border following delays to securing funding for a planned high-speed alternative to the route. The move will boost monthly freight capacity to 120 000 metric tons from the current 20 000 tons by 2026, Stanley Sendegeya, Uganda Railways’ CFO, [...]

Suspended RSR CEO resigns

Railway Safety Regulator CEO Nkululeko Poya has resigned. The embattled CEO’s resignation comes after he was placed on suspension in November 2017.

Northern Cape may be where parts of Australia were in 90s – The Mineral Corporation

South Africa’s extraordinarily prospective Northern Cape may now be where parts of Australia were in the early 1990s, John Murphy, the newly appointed MD of The Mineral Corporation (TMC), said on Thursday. Speaking to Mining Weekly Online in an exclusive interview at the 21-year-old advisory group’s offices in Bryanston, Murphy said that in the last [...]

Mechem making strides in helping Turkey eliminate landmines

Mechem, part of the Denel Group, says it has recorded notable results in Turkey with the clearance of landmines in a “dangerous” border area. Since the start of demining operations on the eastern border of Turkey in mid-2016, it has found and destroyed about 45 000 landmines and helped to make vast tracts of land [...]

TCTA comes up with power alternative amid ‘war zone’ at Mintails plant

The Trans-Caledon Tunnel Authority on Thursday announced that its acid mine drainage water treatment plant in the Western basin, near Krugersdorp, could not be reopened as planned on June 4. This was owing to an escalating security threat at the adjacent Mintails gold treatment plant, where illegal miners have reportedly been stripping the plant.

Oil giants’ chemical lifeline threatened by plastic-trash crisis

As the world strives to wean itself off fossil fuels, oil companies have been turning to plastic as the key to their future. Now even that’s looking overly optimistic. The global crackdown on plastic trash threatens to take a big chunk out of demand growth just as oil companies like Saudi Aramco sink billions into [...]

Lagarde says trade risks becoming reality as global growth slows

Fears that rising trade tensions might undermine global growth are becoming a reality, contributing to a widespread slowdown in the world economy, according to International Monetary Fund (IMF) MD Christine Lagarde. “This fragility that we had identified and the precariousness of the recovery is actually confirmed,” Lagarde said Wednesday at the American Enterprise Institute in [...]

Guinea iron-ore prospectors set sights on ArcelorMittal rail

The race to mine Guinea's iron-ore has started although the focus is not on its giant Simandou deposits but on smaller finds whose output could be transported via Liberia if ArcelorMittal shares its railway, banking and industry sources said. Guinea's aspirations to develop Simandou, the world's largest known untapped iron-ore deposit, have foundered because of [...]

TFR to conduct yearly maintenance shutdown on MMC line this month

State-owned Transnet Freight Rail (TFR) will be conducting its yearly maintenance shutdown on the Mineral Mining and Chrome (MMC) line from June 4 to 10.  The shutdown will allow TFR to undertake maintenance work that cannot take place during normal occupational conditions.

Southern Palace-led consortium named preferred bidder for R2.5bn Tambo Springs container terminal

State-owned freight logistics utility Transnet has named a consortium led by black-empowerment group Southern Palace as the preferred bidder for a 20-year concession to build and operate a new R2.5-billion inland container terminal in southern Gauteng. The public­–private partnership, dubbed the Tambo Springs Intermodal Terminal, is expected to reach financial close by September, with sod [...]

Free Market Foundation seeks to ascertain financial condition of State-owned airlines

The Free Market Foundation (FMF) announced on Wednesday that it is seeking information on the financial situations of both State-owned airlines, South African Airways (SAA) and SA Express (SAX), by means of Promotion of Access to Information Act applications. This follows the resignation of SAA CEO Vuyani Jarana, which became public knowledge earlier in the [...]

Mantashe on fuel prices: SA could have a reprieve in July

There could be a reprieve from fuel price hikes in July, Minister of Mineral Resources and energy Gwede Mantashe has said. Recent fuel price hikes are due to "local and international factors" including the carbon tax levy, effective from June 1, 2019, Mantashe said in a statement late on Tuesday.

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