R/€ = 16.28 Change: -0.18
R/$ = 14.41 Change: -0.23
Au 1238.73 $/oz Change: -7.16
Pt 787.30 $/oz Change: -16.59


Congo State miner warns Randgold on transfer of Kibali mine to Barrick

By: Reuters     28th September 2018 Congo's State miner Sokimo warned Randgold Resources on Friday that Sokimo would "assert its rights" in Barrick Gold Corp's acquisition of Rangold's stake in the Kibali project under a takeover deal, but Sokimo did not clarify its plans. Canada's Barrick Gold agreed to buy Randgold Resources Ltd... 

Orange, MainOne team up in submarine cable expansion

By: Natasha Odendaal     28th September 2018 French telecommunications group Orange and connectivity and data centre services provider MainOne Cable have signed an agreement that will see Orange inject undisclosed major investments into the West African submarine cable system MainOne. Under the partnership, Orange will acquire additional... 

SA cities not among the least liveable

By: Martin Zhuwakinyu     14th September 2018 South Africans are a whinging lot – there is survey data from credible research entities to prove this – and one of biggest gripes is about living conditions in towns and cities, especially in the less-well-to-do areas, better known in our lingo as ‘locations’ or ‘townships’. The service delivery... 

Congo mining revenues triple in H1; oil revenues fall by a third

By: Reuters     10th September 2018 Democratic Republic of Congo's revenues from its mining sector nearly tripled in the first half of 2018 over the same period last year to $864.61-million, the finance ministry said. Revenues from the hydrocarbons sector, however, declined by a third to $67.75-million, the ministry said in a... 

Congo's H1 copper production rises 8%; cobalt output up 38%

By: Reuters     31st August 2018 Copper output in Democratic Republic of Congo rose 7.9% year-on-year in the first half of 2018 to 597 249 tonnes and cobalt production jumped 37.6% to 52 491 tonnes, the central bank said on Thursday. Congo is Africa's top copper producer and the world's leading miner of cobalt, which is a key... 

AngloGold's Guinea mine resumes operations after one-day strike

By: Reuters     30th August 2018 Operations have resumed at AngloGold Ashanti's Siguiri gold mine, in Guinea, after a workers strike halted activities for a day, a company vice president said on Thursday. "There was a day-long stoppage, which has since ended. No impact on full-year production," Chris Nthite told Reuters. 

In Senegal, China's President Xi pledges stronger Africa ties

By: Reuters     23rd July 2018 China's President Xi Jinping pledged during a visit to Senegal on Saturday to strengthen economic ties with Africa, a continent already awash with cheap Chinese loans in exchange for minerals and huge construction projects. Xi arrived in Senegal on Saturday for a two-day visit to sign bilateral... 

Airbus to support Côte d’Ivoire’s aerospace industry development

By: Rebecca Campbell     29th June 2018 Global aerospace major Airbus has signed a Memorandum of Understanding (MoU) with the Government of the Côte d’Ivoire (Ivory Coast) to create a cooperation framework which, in turn, will facilitate the development of the West African country’s aerospace industry. The Côte d’Ivoire Government has... 

More airlines fly into Cape Town, connecting countries in Africa

By: Kim Cloete     13th June 2018 Two African airlines have launched flights to Cape Town over the past month, bringing more business and tourism opportunities to the Mother City. Kenya Airways launched a nonstop direct flight from Nairobi to Cape Town on June 6. The new service operates a Boeing 737-800. This is in addition to... 

Companies urged to accelerate carbon cuts

By: Kim Cloete     8th June 2018 South Africa needs to speed up its efforts to cut carbon emissions in tune with a more sustainable future, say analysts. Joanne Henstock, Africa Executive Director for Governance, Integrated Reporting and Sustainability at EY, says South Africa faces significant challenges in achieving its... 

Congo mining regulations to be signed into law on Friday – mines minister

By: Reuters     7th June 2018 Democratic Republic of Congo's prime minister will sign into law on Friday regulations to immediately implement a new mining code without any concessions to industry demands that key provisions be amended, the mines minister said on Thursday. The move could set off a legal battle between the... 

Congo mining revenues triple in Q1; oil revenues down 11%

By: Reuters     6th June 2018 Democratic Republic of Congo's (DRC's) revenues from its mining sector tripled year-on-year in the first quarter of 2018 to $397.86-million, finance ministry data showed. Revenues from the oil and gas sector dropped 10.87 percent year-on-year in the first quarter to $29.45-million, according to... 

Congo Supreme Court rejects Glencore bid to move dissolution case

By: Reuters     1st June 2018 Congo's Supreme Court has rejected claims by a Glencore unit that a commercial court is not competent to hear a petition to dissolve it brought by State miner Gecamines, a Gecamines lawyer said on Friday. Gecamines is seeking to dissolve Kamoto Copper Company (KCC), blaming majority-owner... 

Congo copper production in Q1 rises 8%; cobalt output up 34%

By: Reuters     31st May 2018 Democratic Republic of Congo produced 296 717 t of copper in the first quarter of 2018, up 8.2% over the same period last year, the central bank said in a report on Thursday. Cobalt production in the first quarter of 2018 rose 34.4% to 23 921 t, the bank said. 

Glencore's Congo mining conundrum

By: Reuters     4th May 2018 Miner and commodities trader Glencore is embroiled in a legal tangle over its copper and cobalt operations in Democratic Republic of Congo, where conflict and changes to regulations have deterred many mining firms. US sanctions on Glencore's former Israeli partner in Congo have been a trigger for... 

Alstom holds test run for Coradia Polyvalent train for Senegal

By: Simone Liedtke     2nd May 2018 Alstom has successfully started the test run of the first Coradia Polyvalent train to be delivered to Senegal at Alstom’s site in Reichshoffen, in France, which marks the start of an extensive testing campaign prior to its departure. These tests, the rail transport company explained, will allow... 

Senegal integrating more renewables with 130 MW Wärtsilä Flexicycle power plant

By: Marleny Arnoldi     26th April 2018 Technology group Wärtsilä has signed a contract to engineer, manufacture and deliver a 130 MW Flexicycle plant in Senegal, which will be an integral part of the country’s energy future.  

Miners insist on rewrite of Congo mining code to protect exemptions

By: Reuters     6th April 2018 International mining companies have insisted that Democratic Republic of Congo amend portions of a new mining code to respect exemptions they were granted by its predecessor. The companies announced last week that they had submitted a formal proposal to the government but the document itself,... 

Congo's 2017 mining revenue up 36% while oil revenue doubles

By: Reuters     26th March 2018 Democratic Republic of Congo's 2017 mining sector revenue rose 35.6% to $822.2-million while revenue from the oil and gas sector jumped by 103% to $203.9-million, finance ministry data showed. Mining revenue in the fourth quarter more than doubled helped by higher prices for key exports such as... 

Africa’s downstream oil industry holds promise

By: Kim Cloete     14th March 2018 The downstream market is dynamic in Africa and continues to evolve and become more transparent throughout the supply chain, says African energy specialist CITAC Africa executive director Gary Still. He told the annual African Refiners & Distributors Association (ARA) conference, in Cape Town, on... 

The high costs of inferior lubricants

By: Creamer Media Reporter      12th March 2018 If you are a fleet manager in the trucking, mining, power generation, construction or earth-moving industries, you no doubt keep a keen eye on the TCO (Total Cost of Ownership) of your assets. 

Congo's Kabila signs into law new mining code

By: Reuters     12th March 2018 Democratic Republic of Congo President Joseph Kabila signed into law on Friday a new mining code that raises royalties and taxes on operators, the presidency said in a statement. International mining companies that operate in Congo, Africa's top copper producer, have vigorously opposed the new... 

Kabila meeting with mining companies postponed until Wed

By: Reuters     6th March 2018 Democratic Republic of Congo President Joseph Kabila's plan to discuss proposed changes to mining royalties with mining company representatives on Tuesday was postponed by a day, a government minister said. No reason was given for the decision to delay the meeting. 

Kabila yet to sign new mining code as deadline nears

By: Reuters     20th February 2018 Democratic Republic of Congo's President Joseph Kabila has not yet signed into law a new mining code, a senior aide said on Tuesday, as international mining companies wage a last-ditch lobbying effort against the measure. The comments by Jean-Pierre Kambila, Kabila's deputy chief of staff, come... 

Senegal utility awards €197-million grid expansion contract

By: Nadine James     16th February 2018 Electrical transmission, engineering and maintenance provider Omexom, a subsidiary of Italian energy company VINCI Energies, has won the Société d’Electricité du Sénégal (Senelec) contract to install five new extra-high voltage (EHV) transformer stations, nearly 200 km of overhead and underground... 

Two podium spots for Toyota Gazoo Racing SA in 2018 Dakar

By: Irma Venter     2nd February 2018 Two days of high drama in the 2018 Dakar Rally saw Toyota Gazoo Racing South Africa (TGRSA) take second and third spot in the marathon South American race. The race was won by Peugeot’s Carlos Sainz and co-driver Lucas Cruz, with TGRSA’s Nasser Al Attiyah and Mathieu Baumel in second place, and... 

Toyota Gazoo Racing SA takes second and third at Dakar 2018

By: Irma Venter     22nd January 2018 Two days of high drama in the 2018 Dakar Rally saw Toyota Gazoo Racing South Africa (TGRSA) take second and third spot in the marathon South American race. The race, which concluded on the weekend, was won by Peugeot’s Carlos Sainz and co-driver Lucas Cruz, with TGRSA’s Nasser Al Attiyah and... 

Blaise Diagne International Airport, Senegal

By: Sheila Barradas     15th December 2017 The airport is open to passengers. 

Congo mines say revised code threatens industry's future

By: Reuters     12th December 2017 Mining companies in Democratic Republic of Congo said on Monday that proposed changes to the mining code adopted by the lower house of parliament last week would do lasting damage to investment in Africa's top copper producer. The process of revising the 2002 mining code in Congo has dragged on... 

Johannesburg ranked most visited city in Africa

By: African News Agency      10th October 2017 South Africa’s most-populated city, Johannesburg, has emerged as the most popular destination city in Africa in 2016 followed by Cape Town, according to the annual Mastercard Global Destination Cities Index released on Tuesday. The Mastercard Global Destination Cities Index showed that... 

Bell brings KAMAZ Trucks into Southern Africa

26th September 2017 Southern Africa's largest homegrown material handling equipment supplier, Bell Equipment, has announced it is entering the Southern African tipper truck market through a partnership with KAMAZ, a Russian-based industry leader in this market segment globally. Although new to the region, KAMAZ is... 

Infrastructure initiative garners support from nine African presidents

By: Natasha Odendaal     21st August 2017 Spearheaded by South Africa’s President Jacob Zuma, the Presidential Infrastructure Champion Initiative (PICI), aimed at accelerating regional trade and unlocking the economic potential of the continent, now has nine African presidents on board, with ten projects in the spotlight as Africa... 

Tobene power plant expansion project, Senegal

By: Sheila Barradas     17th March 2017 The project will entail the conversion of the plant from a heavy fuel oil-fired power plant to a gas-fired power plant. 

African land disputes arise primarily as a result of forced removals – research

By: David Oliveira     24th February 2017 Research released earlier this month by UK-based consultancy TMP Systems, and the Rights and Resources Initiative (RRI) found that 63% of disputes related to private-sector land and natural resources in Africa start because communities are forced to leave their land. The research explores... 

Senegal boosts rail rolling stock to enhance passenger logistics

By: Dylan Slater     27th January 2017 Rail systems company Alstom has been awarded a contract to supply 15 regional trains to Senegal to increase the country’s capacity to transport passengers between expanding cities.  

Three SA-built vehicles finished Dakar in top ten

By: Irma Venter     27th January 2017 Winning the gruelling Dakar race has again proved an elusive goal for the Toyota Gazoo Racing team. The team could not secure a podium position in this year’s rather chaotic race, following its third spot last year. 

Toyota Gazoo misses out on podium spot at Dakar 2017

By: Irma Venter     16th January 2017 Winning the gruelling Dakar race has again proved an elusive goal for the Toyota Gazoo Racing team. The team could not secure a podium position in this year’s rather chaotic race, following its third spot last year. 

Fourteen airport rail links planned in Africa, including two more in SA

By: Irma Venter     16th December 2016 There are more than 7 000 airports indexed at the International Air Transport Association (Iata), with 600 of those handling more than 1-million passengers a year. Around 150 of these 600 airports have rail access directly to the terminals, with only 23 of the 150 featuring dedicated,... 

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