Bulk land sale boosts AECI’s earnings to 6%
Explosives and specialty chemicals company AECI’s headline earnings per share (HEPS) rose 6% to 894c for the year ended December 31, mostly owing to benefits gained from the company’s bulk property sale in Somerset West in June 2015, which contributed 230c to HEPS. Speaking at the company’s results presentation on Tuesday, CEO Mark Dytor highlighted […]
Continue ReadingCastrol supplies lubricants for record-chasing Bloodhound SSC
Global industrial and automotive lubricants brand Castrol will be on the forefront of innovation when the Bloodhound Supersonic Car (SSC) attempts to break the land speed record by reaching 1 609 km/h this year. The British Pangbourne- based oil company, which announced its participation in the project in 2014, will supply all the lubricants for […]
Continue ReadingSaudi power group poised to make coal IPP bid, as it sets 5 000 MW regional target
Chairperson Mohammed Abunayyan, who visited South Africa this week to participate in ceremonies marking the official commissioning of the 50 MW Bokpoort concentrated solar power plant in the Northern Cape, told Engineering News Online that the group had identified South Africa, Mozambique, Namibia and Botswana as key growth markets in the region. It was currently […]
Continue ReadingDe Beers, six others form Diamond Producers Association
JOHANNESBURG (miningweekly.com) – De Beers has partnered with six other diamond miners to establish the Diamond Producers Association (DPA), which would actively engage with industry and nonindustry organisations to promote the interests of the diamond sector. The other founding members were Alrosa, Rio Tinto, Dominion Diamond Corporation, Lucara Diamond Corporation, Petra Diamonds and Gem Diamonds. […]
Continue ReadingBenefits of turnaround initiatives starting to emerge – Infrasors
JSE-listed Infrasors on Wednesday said its turnaround initiatives were bearing fruit, with headline earnings for the year ended February 28 up 70% to R16.38-million, compared with R9.63-million in the prior financial year. Print Send to Friend 0 0 Revenue rose 3% year-on-year to R337.3-million. The company, in which JSE-listed Afrimat owns 50.7%, noted that although […]
Continue ReadingAnglo iron-ore port deepening under way
The Brazilian iron-ore port of mining company Anglo American is being deepened to increase the volume of ore that can be loaded on to the Cape-size vessels calling there. The full 180 000 t volume that Cape-size ships offer cannot be taken up because of the lack of port depth. High-quality iron-ore from Anglo’s low-cost […]
Continue ReadingUCT names first woman head of engineering faculty
The University of Cape Town (UCT) has appointed Department of Chemical Engineering head Professor Alison Lewis as dean of the Faculty of Engineering and the Built Environment – the first woman to receive such an appointment. Lewis had headed the Department of Chemical Engineering since 2013, after having moved up through the department’s ranks since July […]
Continue ReadingAfrican Ministers call for strong universal climate agreement.
Ministers from governments across Africa have renewed their call for a strong, new universal climate-change agreement and increased flows of funds, including through market and finance opportunities, sufficient to fulfil Africa’s development aspirations, at the day-long Ministerial segment at Africa Carbon Forum 2015 hosted by the Kingdom of Morocco. With countries set to approve a […]
Continue ReadingEmployees seek damages from Sasol over coal dust exposure.
Twenty two current and former employees of South African petrochemicals group Sasol have filed a civil claim against its mining unit, regarding illnesses allegedly contracted while they worked for the company. The lawsuit was filed on behalf of the employees by Richard Spoor, whose legal battle against a South African asbestos mining company led to […]
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