Sibanye-Stillwater to buy troubled platinum producer Lonmin

LONDON – South Africa’s precious metals miner Sibanye-Stillwater has agreed to buy Lonmin in an all-share deal, valuing the troubled platinum producer at about $382 million, the two companies said on Thursday. Lonmin, the world’s third biggest platinum producer, has faced the combined pressures of low platinum prices and challenges of operating in South Africa, where laying off workers to improve profitability is a fraught issue. Its share price in London was up 18% by 0822 GMT, while Sibanye-Stillwater’s fell 2.6% in Johannesburg trade. “The flexibility inherent in the larger…

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‘Mining’ the most out of OTR tyres with NitraLife’s nitrogen filling: improved safety, better inflation and less ‘hot air’

Today, in the mining industry, safety standards are more stringent than ever. Should a mine experience an incident, which results in an injury or even a fatality, the subsequent legal consequences and financial penalties can be severe. A potential risk in open-pit mines concerns the ultra-large tyres on off-the-road (OTR) vehicles. Over the past couple of decades, there have been recorded instances of these tyres catching fire and, in some cases, actually exploding – with potentially serious consequences. However, nitrogen tyre inflation has proven to be very effective at preventing…

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SA Business Delegation Arrives in Lubumbashi to Seek Investment and Export Opportunies

The South African business delegation has arrived in Lubumbashi for the second leg of the Initiative and Trade and Investment (ITI) organised and funded by the Department of Trade and Industry (the dti). The ITI which, started in Kinshasa on Monday will continue today in the mining capital of the Democratic Republic of Congo (DRC) till Saturday, 11 November 2018. The ITI will assist in building relationships between South Africa and the DRC companies and also increase exports of the South Africa value-added goods to the DRC market. The business…

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Spanjaard Limited Launches EP2 Grease

lubrication of plain, needle, ball and roller bearings

Spanjaard Limited, leading manufacturer of special lubricants and allied chemical products, has introduced EP2 Grease to its range of products. Spanjaard identified a need for a high quality lower-cost multipurpose grease to complement its range of specialised greases and has therefore introduced EP2 Grease to fulfil the needs of the market. Spanjaard EP2 Grease is a high quality, all purpose, lithium-based grease. It is suitable for lubrication of plain, needle, ball and roller bearings of all types. Spanjaard EP2 Grease is fortified with rust and oxidation inhibitors and is suitable…

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How SA turned gold mining riches into rusty ruins

While our attentions have been focused on the ever-engrossing political manoeuvrings this past week, one important event might have escaped our attention: SA’s greatest gold mining company has in effect left the country. ©Neil Lockhart 123rf.com You can tell it has left because AngloGold Ashanti spokesmen have told us the company is definitely not leaving the country. But the fact remains that the group has just one mine and a tailings operation left in SA. This follows the sale of the Moab Khotsong mine, the mothballed Great Noligwa mines and its…

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Meet the Dell Latitude Rugged Family

Deliver on your toughest demands Push the limits: For some jobs, you don’t know where the edge is until you’ve already gone over it. That’s why we push to the edge and beyond with a rigorous “test‐tofail” methodology during development and third‐party certify our products to meet military standard (MIL‐STD) requirements*. Built with a backbone: This notebook can take some serious punishment, thanks to its rigid magnesium alloy backbone and shock‐absorbent ultra‐polymer materials. Nothing gets under its skin: All entry points are sealed by compression gaskets and a dual‐knife‐edge design that’s certified for…

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SA companies explore opportunities in Tunisia, Algeria

A delegation of South African companies is currently on a trade and investment mission in Tunisia and Algeria, where they are exploring export markets. The trade and investment mission, which is led by the Department of Trade and Industry (dti), will serve to promote South African products and service offerings, while creating partnerships between the business communities of the respective countries. The trade mission, which got underway on Sunday, will conclude on Thursday. Trade and Industry Minister Dr Rob Davies said the mission is aimed at advancing Tunisia, Algeria and…

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Manufacturing multinational Caterpillar to help empower black-owned companies

Mining and construction equipment manufacturer, Caterpillar,

JOHANNESBURG – Close to 4,000 jobs are being created in the welding and mining equipment manufacturing sectors, thanks to a brand new investment programme. Mining and construction equipment manufacturer, Caterpillar, will launch the project in conjunction with the Department of Trade and Industry. Caterpillar said through the Equity Equivalent Investment Programme it aims to empower local and black-owned companies by developing companies and suppliers. The company was granted exemption from selling equity, instead opting to participate in the investment programme. The investment totals R1.3-billion. “It’s basically the guys who are good…

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Exxaro agrees on 10-year coal transportation deal with Transnet

Exxaro agrees on 10-year coal transportation deal with Transnet

JOHANNESBURG – South African diversified miner, Exxaro Resource, on Tuesday signed a 10-year coal export transportation agreement with the country’s state-owned logistics company, Transnet, in a bid to increase coal volumes from Waterberg to Richards Bay Coal Terminal. Over 50 percent of South Africa’s remaining reserves lie in the Waterberg coalfields, a 3,500km2 expanse of Limpopo that stretches into Botswana and hosts almost 76 billion tonnes of in-situ inferred resources in 11 coal-bearing zones. Exxaro said the agreement with Transnet will allow for the transportation of a total of 7.8 million…

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SA companies to showcase products at Peru mining convention

South African companies will showcase their products at the weeklong mining convention in Peru. Eighteen South African exporters of mining equipment and related services will display their products at the 2017 Perumin Mining Convention, which gets underway today in Arequipa, Peru. Trade and Industry Minister Rob Davies says the convention will expose South African companies to export opportunities not only in Peru, but in the South American region as a whole. “The convention will further expose South African companies to available trade and investment opportunities and will be a good…

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