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Red Rock progresses exploration in Zambia, DRC
Published: 27 Jun 19
Central- and Eastern Africa-focused miner Red Rock Resources has started work on identifying and assessing old drill cores from previous exploration activity at the Musonoi joint venture asset adjacent to Glencore’s Katanga mining assets, in the Democratic Republic of Congo (DRC). The company on Thursday said the work was the first part of a process of validating the results from historic drilling to bring the historic noncompliant resource to the modern disclosure standard – the Australasian Joint Ore Reserves Committee-compliant standard.
Edenville starts mining at northern area of Rukwa
Published: 27 Jun 19
Aim-listed Edenville Energy has started mining operations at the new northern area of its flagship Rukwa coal project, in Tanzania, and has also recorded a number of other recent project developments. This start of mining follows the completion of the work carried out on the haul road which runs from the plant to the northern area.
Former Tongaat official scrutinised in echo of Steinhoff scandal
Published: 27 Jun 19
Tongaat Hulett said South African police are investigating an unnamed former executive for his role in an accounting scandal that’s forced the sugar maker to restate financials and ask for its shares to be suspended. A criminal case has been opened against the individual, Tongaat said, without identifying the person. “Given that this is now a matter being investigated by the South African Police Service, we are not able to provide any further information,” the Durban-based company said in an emailed response to questions.
Goldstone submits economic plan for satellite deposits around Akrokeri project
Published: 27 Jun 19
Aim-listed Goldstone Resources has submitted its definitive economic plan (DEP) for the Akrokeri-Homase gold project to Ghana’s Minerals Commission for review. The company is seeking to move rapidly towards establishing its first operating mine within the Homase trend. It says the DEP demonstrates the viability for a low-cost mining operation.
Jupiter pays special dividend, commissions extra equipment to meet guidance
Published: 27 Jun 19
ASX-listed Jupiter Mines on Thursday announced in its report for the quarter ended May 31 that it would pay a special dividend of R1.15-billion to its shareholders at the end of June. This will be in addition to a further dividend for the remainder of the first half of the 2020 financial year.
Bridgestone South Africa appoints new CEO Bridgestone South Africa appoints new CEO
Published: 27 Jun 19
Bridgestone South Africa has appointed Jacques Fourie CEO, effective July 1. He succeeds Gavin Young, who stepped down on June 7.
Alcoa gets tough with union by threatening to idle Quebec plant Alcoa gets tough with union by threatening to idle Quebec plant
Published: 27 Jun 19
After 18 months of often contentious labor talks with the United Steelworkers union at an aluminum smelter in Quebec, Alcoa has threatened to idle the entire facility if workers don’t sign what it’s calling a “final offer". Aluminerie de Bécancour, a joint venture in which Alcoa controls a 75% stake and Rio Tinto Group owns the rest, made a proposal that expires on July 5. If it’s not signed, the already-curtailed production will be totally suspended, Pittsburgh-based Alcoa said Wednesday in a statement.
Rural man’s innovation translates sign language into audio
Published: 27 Jun 19
Having struggled throughout his childhood to communicate with his deaf parents, Lucky Netshidzati (26) created a hand glove which translates South African sign language into voice, text, and voice-to-sign language animation to improve communication between him and his parents.  Netshidzati’s parents were born deaf so he wasn’t able to communicate with them. It prompted him to do something to improve the situation.
Fastjet's hope for profit pinned on Zimbabwe currency – CEO
Published: 27 Jun 19
Low-cost African airline Fastjet Plc expects to be profitable on an underlying basis in 2019, Chief Executive Officer Nico Bezuidenhout said on Thursday, a year after a cash crunch nearly drove the carrier into administration, The airline, which operates in South Africa, Mozambique and Zimbabwe, has faced numerous issues related to its dwindling cash pile and was saved from going under after striking a deal to raise funds late last year.
 Large fuel price drop expected for July says AA Large fuel price drop expected for July says AA
Published: 27 Jun 19
Lower international oil prices have set up a substantial fuel price drop for July, according to the Automobile Association (AA). In a fuel price prediction on Thursday, the association said it is expecting the petrol to drop by 86 cents a litre, diesel by 68 cents, and illuminating paraffin by 58 cents next month. This reduction could have been greater had it not been for the rand, it added.
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