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

Rio Tinto approves $463m Zulti South project to extend RBM’s life

Diversified miner Rio Tinto on Monday approved the construction of the $463-million Zulti South project − the next stage in the development of mineral sands producer Richards Bay Minerals (RBM), in South Africa's KwaZulu-Natal province. The project will sustain RBM's current capacity, as well as extend its mine life.

Sappi, Borregaard celebrate 20 years of biorefinery investment

LignoTech South Africa – the 50:50 joint venture between South Africa’s Sappi and Norway’s Borregaard – is celebrating 20 years of operations. The KwaZulu-Natal-based lignin extraction plant was first commissioned in December 1998 and officially opened in 1999.

Universal considering offer from Afrimat

South Africa focused coal miner Universal Coal received a conditional, non-binding indicative counter offer from JSE-listed Afrimat to rival a previous offer from a consortium headed by Ata Resources. Universal on Monday told shareholders that Afrimat was proposing to acquire all the shares in the company for a cash offer of 40c each, subject to [...]

Boeing CEO gives assurance that 737 MAX control system problem will be solved

US major aircraft manufacturer Boeing has given the assurance that it will terminate the risk posed in its Boeing 737 MAX airliners by the Manoeuvring Characteristics Augmentation System, which is installed in these aircraft. This operates automatically and was intended to remove the danger of the aircraft stalling. All 737 MAX airliners have been grounded [...]

Anglo taking tailings dam monitoring to next level

Diversified mining company Anglo American is implementing new techniques that give the company far more control over its tailings dams, which have been thrown into the spotlight after the tragic loss of life at Brumadinho, in Brazil, where an iron-ore tailings dam collapsed at Vale’s Corrego do Feijao mine earlier this year killing hundreds of [...]

Expanding KP’s scope will help create economic potential, says WDC executive director

Expanding the scope of the Kimberley Process to include issues related to human rights and labour relations, as is being advocated by the World Diamond Council (WDC), will help create conditions in which Sub-Saharan Africa's artisanal diamond miners can meet their economic potential, and so support the development of their countries' economies, says WDC executive [...]

Investment in SEZs reaches R16.8bn, says Davies

Government's Special Economic Zones (SEZ) programme currently had 115 investors with a private investment value of over R16.8 billion, department of trade and industry (DTI) minister Rob Davies said on Wednesday.  Davies made the statement at Durban's Inkosi Albert Luthuli International Convention Centre (ICC) earlier in the day. He was speaking at the first National [...]

Investment in SEZs reach R16.8bn, says Davies

Government's Special Economic Zones (SEZ) programme currently had 115 investors with a private investment value of over R16.8 billion, department of trade and industry (DTI) minister Rob Davies said on Wednesday.  Davies made the statement at Durban's Inkosi Albert Luthuli International Convention Centre (ICC) earlier in the day. He was speaking at the first National [...]

Max disaster pits Boeing against Ethiopia’s prized carrier

African air disasters always used to lead to the same conclusion – with the airline blamed for poor maintenance, ancient planes or poorly trained pilots, and often a combination of all three. But when an Ethiopian Airlines Boeing 737 crashed near Addis Ababa last month, a curious thing happened: Industry experts immediately began to question [...]

Lockheed’s $31bn marine copters running 19 months late

Lockheed Martin Corp.’s $31 billion King Stallion helicopter program for the U.S. Marines may miss its first key milestone by more than 19 months because of a growing checklist of flaws discovered in development testing. The Naval Air Systems Command acknowledged that the helicopter designed to carry heavy cargo won’t meet its December target date [...]

Brics group can help develop Africa and reshape world – Makhura

Gauteng Premier David Makhura on Wednesday hailed the Brazil, Russia, India, China, South Africa (Brics) alignment as a force that could promote global inclusive economic growth and help develop Africa. He was delivering the keynote address at the Brics Business Council mid-term meeting in Johannesburg. "Brics is about the future of the global economy," he [...]

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