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Gold Fields lowers South Deep’s FY production forecast Gold Fields lowers South Deep’s FY production forecast
Published: 09 Nov 18
Dual-listed Gold Fields has lowered its production guidance for the South Deep mine, in South Africa, for the full year to 154 000 oz, from the previously anticipated 244 000 oz target. The deep-level mine, which is Gold Fields’ only remaining South African operation, has long been faced with operational challenges.
Opic, Africell commit $100m to develop Africa’s telecommunications environment
Published: 09 Nov 18
US development finance institution Overseas Private Investment Corporation (Opic) and mobile telecommunications operator Africell have signed a financing deal that will see $100-million injected into the development of the telecommunications sector in Africa. The growth capital facility, one of Opic’s first commitments under the Connect Africa initiative, will enable Africell to finance the upgrading and expansion of its mobile networks in Uganda, the Democratic Republic of the Congo, Sierra Leone and Gambia.
Carmakers lure ride-hailer, delivery drivers in Africa
Published: 09 Nov 18
At Suzuki Motor Corp's showroom in the Kenyan capital, hundreds of its Alto compact cars are waiting to be collected. Most of the customers are drivers for ride-hailing company Uber Technologies, which struck a loans and discount deal with the Japanese carmaker and South Africa's Stanbic Bank, at the beginning of the year.
Sugar maker Tongaat flags H1 loss
Published: 09 Nov 18
Tongaat Hulett said on Friday it expects to fall to a half-year loss as market conditions in its South African and Mozambique sugar operations weigh on revenue and operating profit. The firm said it expects a headline loss per share, which strips out certain once off items and is the main profit measure in South Africa, of 74 cents per share for the six months ended Sept. 30 compared with headline earnings of 574 cents per share a year earlier.
South Africa leads other emerging economies in key areas of additive manufacturing
Published: 09 Nov 18
South Africa is one of the leaders in additive manufacturing (AM) among emerging and developing countries, Dr Jorge Vicente Lopes da Silva tells Engineering News Online. Lopes da Silva is an AM researcher at the Brazilian Federal Ministry of Science, Technology and Innovation's Renato Archer Information Technology Centre -- CTI Renato Archer for short, in Portuguese. (AM is also popularly called 3D printing.) "I think that South Africa is doing very well," he affirms. "Perhaps South Africa is small enough to make it easy for people to work together. The CRPM [Centre for Rapid Prototyping and Manufacturing, at the Central University of Technology] is fantastic! South Africa is doing very good things with medical applications and working with industry. In certain important aspects, South Africa is a model for us in Brazil."
Amplats hoping to advance fuel cell ambitions with China visit
Published: 09 Nov 18
Anglo American Platinum (Amplats) will be hosting an investor and analyst visit to China on November 12, during which the platinum miner intends to showcase the demand for platinum group metals (PGMs). The visit will focus on the growth of fuel cell vehicle production in China and on gaining an understanding of the changing dynamics of the platinum jewellery market in China.
Pretium expects Brucejack expansion approvals by year-end
Published: 09 Nov 18
The approvals process for the C$25-million expansion of the Brucejack mine, in British Columbia, should be wrapped up by the end of the year, TSX- and NYSE-listed Pretium Resources said on Thursday after announcing its third-quarter financial results. The expansion will increase the average production rate from 2 700 t/d to 3 800 t/d, resulting in an average production rate of 1.38-million tonnes. In the third quarter, the mill throughput averaged at 2 610 t/d, producing 92 641 o of gold and 95 741 oz of silver.
 Toyota, VW developing seven black component suppliers, says DTI’s Davies Toyota, VW developing seven black component suppliers, says DTI’s Davies
Published: 09 Nov 18
Seven black-owned automotive component suppliers are currently undergoing an 18-month training programme, with the aim of supplying some of South Africa’s vehicle manufacturing plants in future, says Trade and Industry Minister Dr Rob Davies. Responding to a question in Parliament this week, he noted that five of these suppliers were being developed as tier-one suppliers into the Volkswagen Group of South Africa (VWSA) supply chain, while the other two were being developed as tier-two suppliers into the Toyota South Africa Motors (TSAM) value chain.
Baffinland sets shipping record
Published: 09 Nov 18
Baffinland Iron Ore Mines has set a new shipping record of 5.1-million tonnes in its most recent shipping programme. From July 24 to October 17, 71 voyages were executed from the mine on Baffin Island, Nunavut, carrying an average of 71 750 t of iron-ore each over an 86-day period.
Canadian junior unveils study results for 230 000 oz/y Sudan mine
Published: 09 Nov 18
TSX-V-listed junior Orca Gold has announced positive results of a feasibility study for the Block 14 gold project in Sudan, unveiling an expanded project that will produce nearly 230 000 oz/y in its first seven years of operations. The feasibility study is based on a six-million-tonne-a-year operation delivering an average of 167 000 oz/y over a 13.6 year mine life. In the first seven years of operations, production will average 228 000 oz/y at a cash cost of $697/oz.
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