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Showing posts from February, 2020

Lurco’s attempt to disrupt sale of Koornfontein Coal mine dismissed

Since the Makole Group’s Black Royalty Minerals was announced as the preferred bidder for the acquisition of Koornfontein coal mine in late October 2019, it has been inundated with numerous interdicts and court applications to disrupt or halt the sale process. Lurco Group, Charles King SA and Westdawn Investments approached the South Gauteng High Court on an urgent basis in order to interdict Koornfontein Mines’ Business Rescue Practitioners from transferring the mine to Black Royalty Minerals. These interdicts were argued in front of Judge Matojane on 27 January 2020. Judgment was passed on 28 January 2020 with Judge Matojane dismissing all three interdict applications with costs. Makole Group’s Chairman Ndavhe Mareda said that Black Royalty Minerals is relieved that the court cases have been finalised and legal certainty prevailed. He said the Business Rescue Practitioners can now be left to continue with their work of transferring the mine in terms of the approved business rescue…

Mozambique Improves Immigration Processes for the Oil & Gas Sector

Authored by: Tarissa Wareley, Immigration specialist at Xpatweb The discovery of natural gas along the shores of one of the poorest countries in Africa has paved the way for Mozambique to become the next major supplier of liquified natural gas. The expected influx of expatriates and investments into the exploration of LNG has forced government departments to implement various measures to monitor as well as facilitate entry into Mozambique. The Rovuma Basin Decree 2/2014, although approved about six years ago, its various measures and concessions for immigration-related matters were not implemented until recently. This has been timeous in the booming projects in the oil and gas sector in Pemba, Coral Sul, and others. From an immigration perspective, this decree relaxes requirements, improves processing times, and removes layered processes. Sub-contractors and companies in the Mozambique LNG Project are expected to benefit greatly from its measures. These companies and their approved s…

Visual inspection made easy with SKF’s stroboscopes

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A range of hand-held, easy-to-use stroboscopes that enables the visual inspection of rotating equipment to be carried out in an economic and timely fashion has been unveiled by SKF. All rotating equipment needs to be inspected periodically to ensure that it is working correctly. Sylvain Humbert, Product Development Manager at SKF says: “If visual inspection is not carried out, machine damage can be overlooked and unexpected breakdowns can occur. With visual inspection, problems can be detected and preventive measures can be planned and taken." However, machinery often must be shut down to allow visual inspection to take place, interrupting vital operations and causing costly downtime. SKF's TKRS stroboscopes enable visual inspections to be carried out on equipment while it is rotating. The hand-held devices emit flashes of light timed to coincide with the speed of the running machine, creating an optical effect whereby the moving parts appear to be permanently frozen in …

Atterbury develops new Cape Town showroom for WeBuyCars

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Leading property developer and investor Atterbury has handed over the innovative fast-track R 150 million development of a new purpose-built showroom to car resale specialists WeBuyCars in the Western Cape. The greenfields dealership development includes 13,500sqm of car floor space and 800sqm of offices. The showroom of this car supermarket can accommodate up to 700 cars. Atterbury’s development manager, Arno du Plessis, says, “WeBuyCars’ brief was to create a showroom that offers a superior customer experience with space for at least 700 cars at a time. We are confident that the end result of this development is everything they wanted and more.” Atterbury successfully delivered within an extremely tight turnaround time – a mere 10 months from concept to occupation. Construction started at the beginning of June 2019, and WeBuyCars opened the doors to welcome customers to its new showroom on 1 December. Du Plessis explains that in order to meet WeBuyCars’ schedule, Atterbury inv…