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Central, Eastern Europe provides options for South African property diversification
Published: 29 Jul 21
South Africa is in super cycle stagnation phase and moving into a volatile period and, therefore, diversification of portfolios is certainly justified, FNB Commercial Property Finance economist John Loos said, speaking during hybrid fund Fortress REIT’s webinar on June 29. Loos explained that the country has been in a super cycle stagnation phase since the global financial crisis, with this engendering heightened anger and tension, as seen in examples of service delivery protest and unrest.
Seplat Energy continues to deliver robust performance, despite pandemic Has PDF
Published: 29 Jul 21
Nigerian independent energy company Seplat Energy continues to deliver a robust performance despite the ongoing pandemic, with its second-quarter volumes being significantly higher than that of the first three months of the year. CEO Roger Brown says the company remains “confident of a good outcome” for the full year as it continues to drive improvements across its operations.
Image of Terence Creamer Govt's R38.9bn relief package Has Video
Published: 29 Jul 21
Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the R38.9-billion relief packaged unveiled by Finance Minister Tito Mboweni to support businesses affected by the recent riots in KwaZulu-Natal and Gauteng, as well as to support poor citizens and vulnerable workers who continue to be affected by the Covid-19-related lockdowns.
Gold Fields vaccinating South Deep mine employees, contractors
Published: 29 Jul 21
Gold miner Gold Fields’ South Deep mine has received permission from the Department of Health to provide on-site vaccinations to all employees and contractors who wish to be vaccinated during the week of July 26 to 31. The vaccination of the workforce is currently under way in line with the necessary medical and administrative protocols, the miner said in a statement on July 29, adding that the vaccines are the first of a two-dose regime, with the second dose planned to be administered in the prescribed time period.
Conco Energy Solutions acquired by 51% black female owned company
Published: 29 Jul 21
Energy equipment and solutions provider Conco Energy Solutions has been acquired by wholly black-owned DLO Resources Group, which is headed up by 51% shareholder, founder and CEO Linda Mabhena-Olagunju. DLO is a renewable energy developer and strategic investor.
thyssenkrupp confirms sale of mining technologies business to FLSmidth
Published: 29 Jul 21
Diversified industrial group thyssenkrupp has confirmed the sale of its mining technologies business unit to mining engineering, equipment and service solutions company FLSmidth. The sale of the enterprise, valued at €325-million, is an important milestone in the realignment of the thyssenkrupp group of companies.
Stakeholders target 1m vaccinations every 3 days Stakeholders target 1m vaccinations every 3 days
Published: 29 Jul 21
Business for South Africa (B4SA) on Thursday lauded its partnership with the Department of Health citing the integrated programme to administer vaccines equitably and efficiently ahead of a possible fourth wave of the Covid-19 pandemic. Stakeholders working together have secured doses to achieve a target of 1-million vaccines every three days.
Picture used with video interview of De Beers CFO De Beers bounces back to 2019 levels with outstanding performance Has Video
Published: 29 Jul 21
Global consumer demand for diamonds continued to recover from the impact of Covid, supported by fiscal stimulus in the US and the roll-out of vaccines, De Beers Group said on Thursday when it was credited with helping Anglo American to achieve an all-time record half-year, a period in which De Beers itself more than doubled group revenue. Restrictions on international travel and entertainment over the course of the pandemic resulted in higher discretionary spending on luxury goods, including diamond jewellery, De Beers stated in a release to Mining Weekly.
IAMGOLD completes Phase 1 drilling at Faré prospect
Published: 29 Jul 21
West Africa-focussed explorer Oriole Resources, which manages activities at the Faré prospect at the Senala project in a joint venture with IAMGOLD, reports that IAMGOLD has completed its Phase 1 drilling programme at the prospect. The programme included 689.5 m of diamond drilling and 4 854 m reverse circulation (RC) drilling.
Drilling under way at a project site in Alaska Kinross advances $150m Manh Choh project to feasibility stage
Published: 29 Jul 21
Canadian miner Kinross has competed an initial scoping study for its 70%-owned Manh Choh project, in Alaska, and this $150-million project is now proceeding to a feasibility study. Except for capital estimate, the results of the scoping study are largely in line with the estimates at the time when Kinross bought the project – then known as Peak – in 2020. The miner reported that the initial capital estimate had increased by about $50-million and attributed this to strategic decisions that would derisk the project and improve operational cost efficiencies, including reducing the use of contractors.
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