The drastic R2.7-billion restructure of the Impala Rustenburg mine, involving the loss of 13 000 jobs, the closure of five shafts and cutting of 230 000 oz out of yearly platinum production, has evoked a strong rebuke from the Mineral Resources Minister Gwede Mantashe, who has accused Impala Platinum (Implats) of being “careless, and mindlessly committed to [...]

Dubai's government said on Thursday the London Court of International Arbitration (LCIA) has ruled DP World's port container terminal contract in Djibouti was valid and binding. The government of Djibouti seized the Doraleh Container Terminal from DP World in February over a dispute dating back to at least 2012. Dubai government-controlled DP World has called [...]

South African power utility, Eskom on Thursday said it has postponed the planned power interruptions to the Emfuleni municipality following a court interdict lodged by a group of local businesses in the greater Vaal area, in Gauteng. Eskom spokesperson Khulu Phasiwe said the businesses have asked for permission from the court to allow them to [...]

JSE-listed Vukile Property Fund announced on Thursday that it has acquired a controlling 51% stake in Morzal Properties Iberia in a bid to expand its property portfolio in Spain.  Last month, Vukile said it would be concluding an agreement to subscribe for shares in Morzal for an aggregate subscription consideration of €152-million, or R2.3-billion, after Morzal acquired a portfolio [...]

The Railway Safety Regulator (RSR) on Thursday said it has issued the Rail Agency of South Africa (PRASA) with a temporary safety permit. RSR spokesperson Madelein Williams said the temporary safety permit would be valid from August 2 to 31.

South Africa's struggling state-owned power firm Eskom offered investors up to $1.5-billion of ten-year bonds on Thursday, a source familiar with the matter told Reuters. Separately, Eskom spokesperson Khulu Phasiwe said Eskom was planning a foreign bond sale and that the firm's chief executive and treasury team were currently on a road show overseas meeting [...]

Platinum group metals mining company Implats on Thursday announced a strategic review of its Impala Rustenburg mine, which involves reducing its labour complement from 40 000 to 27 000 over two years, a reduction of 13 000. The Johannesburg Securities Exchange-listed company headed by CEO Nico Muller, expressed commitment to a value-focused strategy, involving “drastic” [...]

With about 650-million people in Africa currently without access to electricity, Bushveld Minerals subsidiary Bushveld Energy CEO Mikhail Nikomarov believes the solution lies in area-specific solutions. He explained in an interview with Mining Weekly Online that a solution needs to be an energy-intensive one, which he says can be found in adopting vanadium redox flow [...]

The JSE-listed Etion is lobbying for the formation of an independent information and maintenance house, which will manage the maintenance and information of the condition monitoring systems at most of South Africa’s freight rail operations. These systems, which serve to keep trains on the track and support the optimal utilisation of railway assets, include systems [...]

An estimated R7-billion will be needed to complete all unfinished roads in Limpopo. This is according to the spokesperson for the provincial department of public works, roads and infrastructure, Joshua Kwapa, who said the department currently does not have the budget to complete unfinished roads in the 2018/19 financial year. Kwapa was speaking to News24 [...]

The Railway Safety Regulator (RSR) on Wednesday said the Passenger Rail Agency of South Africa (PRASA) was operating trains without a valid safety permit. PRASA’s safety permit, which was previously issued with special conditions, expired at midnight on July 31, and the RSR has taken the decision not to issue a permit until it is [...]

The Gauteng Department of Education on Tuesday relaunched Rhodesfield Technical High School, in Kempton Park, as the Rhodesfield Engineering School of Specialisation, with a special focus on aviation, engineering and mathematics. The school curriculum will focus on core subjects and courses of specialisation linked to aeronautical and industrial engineering, with learning opportunities provided through extended [...]