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SAA, partner airlines assist stranded SA Express passengers
Published: 25 May 18
South African Airways (SAA) and its partner airlines Mango and SA Airlink have put in place replacement capacity to support South African (SA) Express passengers. This comes after the South African Civil Aviation Authority (SACAA) on Thursday suspended SA Express’ flights after an audit uncovered “severe cases of noncompliance that pose serious safety risks”.
Endeavour discovers new mineralised zones at Houndé
Published: 25 May 18
TSX-listed Endeavour Mining has discovered two new large mineralised zones – Kari Centre and Kari West – at its Houndé mine, in Burkina Faso. Following the Kari Pump discovery in December last year, exploration efforts were prioritised on the wider Kari area, which hosts a large gold-in-soil geochemical anomaly covering a 6-km-long by 2.5-km-wide area.
Sierra Leone president to push review of mining law, contracts Sierra Leone president to push review of mining law, contracts
Published: 25 May 18
Sierra Leone's new president will follow through with campaign promises to review mining contracts and consider changes to the law that would ensure the West African nation benefits from its natural resources, his spokesperson told Reuters. Sierra Leone, which is recovering from a devastating 2014-16 Ebola epidemic that killed thousands, is the latest nation to take a hard line against mining companies in an attempt to ensure a larger share of revenues.
Global crude steel production increases 4.1% y/y in April
Published: 25 May 18
Global crude steel production, as reported by the 64 countries reporting to the World Steel Association (worldsteel), was 148.3-million tonnes – a 4.1% increase compared with April 2017. China’s crude steel production for April was 76.7-million tonnes, an increase of 4.8% compared with April 2017.
Size of government under review Size of government under review
Published: 25 May 18
President Cyril Ramaphosa revealed on Friday that a review of the size and structure of the National Executive and government departments was under way, with a technical task team having been established to undertake the process. In his reply to a national assembly question by the Democratic Alliance about whether the review had begun, Ramaphosa said the Presidency would be the lead department in the task team.
Agarwal wants to build Indian commodity giant to rival majors Agarwal wants to build Indian commodity giant to rival majors
Published: 25 May 18
Billionaire industrialist Anil Agarwal plans to leave behind a legacy: an Indian resources group to rival the world’s biggest. The founder and owner of Vedanta Resources wants to keep building the company into a giant producer of the commodities that India needs to curb its reliance on imports, create jobs and reduce poverty. Despite its insatiable appetite for materials, India is yet to impose itself among the mining heavyweights in the way that Australia, China or even the UK does.
Botswana court backs regulator's push for lower mobile call rates
Published: 25 May 18
Botswana's telecoms regulator said on Friday its order that mobile phone companies cut fees they charge rivals to use their network by 41% has been endorsed by a local court. The ruling comes after Mascom, the country's biggest telecoms company, filed a court application last July seeking to have the Botswana Communications Regulatory Authority's (BOCRA) directive declared illegal, improper and irrational.
LafargeHolcim to cut 200 jobs as Paris, Zurich offices axed
Published: 25 May 18
LafargeHolcim will close its corporate offices in Paris and Zurich, eliminating 200 jobs as part of a cost-cutting drive, the world's largest cement maker said on Friday. The Franco-Swiss company confirmed the long-mooted closure of its Paris HQ, which was reported by Reuters on Thursday.
SAAO, DST launch optical telescope that will serve as 'the eye' for the MeerKAT SAAO, DST launch optical telescope that will serve as 'the eye' for the MeerKAT
Published: 25 May 18
The South African Astronomical Observatory (SAAO) and the Department of Science and Technology (DST) on Friday inaugurated the MeerLICHT optical telescope, in Sutherland, in the Northern Cape, to function as "the eye" of the MeerKAT radio array – the country’s precursor to the Square Kilometre Array. The MeerLICHT will provide a simultaneous, real-time optical view of the radio (transient) sky as observed by MeerKAT. As such, it provides a uniquely broad contemporaneous view of the southern skies through multiple windows of the electromagnetic spectrum.
Mahindra, AIH start local bakkie assembly in Durban Mahindra, AIH start local bakkie assembly in Durban
Published: 25 May 18
Mahindra & Mahindra South Africa (MMSA) has initiated contract assembly of its Mahindra and Bolero bakkies in KwaZulu-Natal. Production volume will be 2 500 a year in a single shift, but can be increased to 4 000 units a year. Production is from semi-knockdown kits, imported from India through the Port of Durban.
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