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RMB advises Royal Bafokeng on the proposed acquisition of Swiftnet
Published: 27 Mar 24
Royal Bafokeng Holdings (RBH) has entered into a transaction agreement alongside Actis to jointly acquire 100% of independent owners, operators and developers of mast and tower infrastructure Swiftnet from Telkom South Africa, with RMB acting as financial adviser to RBH on the transaction. With an enterprise value of R6.75-billion, it is one of the largest tower transactions in South Africa to date by deal value.
Resources Watch Resources Watch Has Video
Published: 27 Mar 24
This week: Stage set for mining explosives centenarian to capture global top-three spot, Copper 360 output set to quickly double on Nama Copper acquisition and, RBCT, TFR show that private-public collaboration can work very well – Menar
Metso brings Concorde flotation cell technology to Africa Metso brings Concorde flotation cell technology to Africa Has Video
Published: 27 Mar 24
Process and optimisation company Metso has brought its Concorde flotation cell technology to Africa for the first time. Mining Weekly recently attended the launch of the first Concorde cells in Africa at local steel fabricator Betterect in Krugersdorp. Darren Parker tells us more.
Telkom forms new technology committee
Published: 27 Mar 24
JSE-listed telecommunications group Telkom has established a technology committee to boost technology strategies. According to an update to shareholders on Sens on Wednesday, the new Technology Committee governance structure was constituted to assist the board with oversight of technology and innovation strategies, plans and operations related to information security, cybersecurity, data privacy and third-party technology strategies.
First Majestic starts bullion sales from First Mint
Published: 27 Mar 24
Silver and gold miner First Majestic has announced the start of bullion sales from its fully-owned and -operated minting facility, in Nevada, US. First Mint vertically integrates a manufacturing plant for investment-grade fine silver bullion into the First Majestic portfolio.
CoJ Executive Mayor Kabelo Gwamanda CoJ officially launches water security strategy
Published: 27 Mar 24
The City of Johannesburg (CoJ) has officially launched its Water Security Strategy to connect to existing strategies and policies to offer an aligned approach to water security and provide a guideline towards becoming a water secure Johannesburg by 2040. The strategy was designed to understand and review the current situation and state of the urban water system under the CoJ’s mandate; to reflect and identify the key challenges that face the municipality currently and in the future, and to codevelop and codesign key strategic responses and associated actions to mitigate the challenges.
Watt Street precinct under construction JDA looking for new contractor to finish Watt Street Precinct project
Published: 27 Mar 24
The City of Johannesburg’s infrastructure arm the Johannesburg Development Agency (JDA) has started the procurement process for a new contractor for the Watt Street Public Environment (PEU) project. This follows the termination of the main project contractor owing to poor performance.
Goldsource has closely watched Mako's successful development of the San Albino mine. Mako Mining to buy Goldsource Mines
Published: 27 Mar 24
TSX-V-listed Mako Mining on Tuesday announced it would buy fellow-listed Goldsource Mines, creating a diversified gold producer with a platform for growth. The transaction will create a company combining Mako’s Nicaraguan gold operations and mine-building team with Goldsource’s Eagle Mountain gold project, in Guyana.
Arrow consolidates control with full acquisition of Simandou North
Published: 27 Mar 24
Australia-listed exploration comapny Arrow Minerals has completed the accelerated acquisition of the remaining 66.7% interest in Amalgamated Minerals. The company now has full legal and beneficial ownership of its flagship Simandou North iron project, in Guinea.
$50m Michigan grant for Highland’s Copperwood project $50m Michigan grant for Highland’s Copperwood project
Published: 27 Mar 24
The Michigan state government has granted Vancouver-based Highland Copper a performance-based grant totalling $50-million for its Copperwood project. This follows an evaluation of the project’s potential and its significance in revitalising the Upper Peninsula, which has faced economic challenges owing to industry closures in recent decades.
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