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Press Office - SRK Consulting

SRK Consulting

SRK provides expert advice and solutions for clients requiring specialised services, mainly in the fields of mining, geotechnics, water, waste and the environment.

SRK seeks to serve clients across a range of industries that are primarily natural resource based. The firm’s primary business is the provision of professional consulting services.

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Clyde & Co further expands its insurance footprint in South Africa with key partner hires

     8th August 2017 Global law firm Clyde & Co has today announced the appointment of Deon Francis and Reshana Pillay as Partners in its leading insurance practice in South Africa. They will be based in Johannesburg. Deon and Reshana both join from Hogan Lovells, where they have built successful self-standing... 

Tanzania, Barrick Gold start talks to resolve tax dispute with Acacia Mining

By: Reuters     31st July 2017 Tanzania's government and Canada's Barrick Gold have started talks to resolve a tax dispute involving Acacia Mining, the President's office said on Monday. The government accuses Acacia, in which Barrick holds a majority stake, of evading taxes over the years by under-declaring exports. Acacia... 

Tanzania President urges increased control of mineral wealth

By: Bloomberg     26th July 2017 Tanzanians are being cheated out of the country’s mineral wealth and should take more control of their natural resources, President John Magufuli said. Investors in Tanzania’s mining industry have “stolen” from the country by failing to provide a fair share of the revenue they generate from gold... 

Acacia gets almost $200bn adjusted Tanzanian tax assessments

By: Henry Lazenby     24th July 2017 The Tanzania Revenue Authority (TRA) has issued two Acacia Mining subsidiaries with adjusted tax assessments totalling nearly $200-billion in alleged unpaid taxes, penalties and interest owed. This is the latest blow to the operator, whose first-half performance this year was severely impacted by... 

Tanzania concentrate export ban weighs on Acacia’s H1 performance

By: Natasha Odendaal     21st July 2017 Tanzania’s ongoing concentrate export ban, implemented in March, has significantly impacted on LSE-listed Acacia Mining’s results for the first six months of the year. Despite delivering its highest-ever first-half production levels during the period to June, Acacia now expects production to stay... 

Tanzania's President Magufuli says signed new mining Bills into law

By: Reuters     10th July 2017 Tanzania's President John Magufuli said on Monday he had signed into law three Bills passed by Parliament last week, that pave the way for a rise in royalties for gold and other minerals and an overhauling of contracts in the sector. "I would like to thank Parliament for making the legislative... 

Acacia Mining confirms start of negotiations with Tanzania govt

By: Megan van Wyngaardt     15th June 2017 Tanzania-based gold miner Acacia Mining’s CEO Brad Gordon on Thursday said the company would leave any disputes around back taxes for resolution during negotiations with the country’s President John Magufuli. During a teleconference, he added that the company was not prepared to comment on... 

Tanzania says Barrick agrees to pay money owed to government

By: Bloomberg     14th June 2017 Tanzania’s presidency said Barrick Gold Corp is willing to reimburse money that’s owed to the government, after President John Magufuli accused subsidiary Acacia Mining of failing to pay billions of dollars of taxes. Acacia surged as much as 11%. Barrick executive chairperson John Thornton met... 

Tanzania's Acacia spat shows deepening battle with business

By: Bloomberg     14th June 2017 Tanzanian President John Magufuli’s escalating battles with business risk alienating the very investors he needs to drive his multi-billion dollar industrialization policy. On Monday, the 57-year-old leader ratcheted up his dispute with miners by accusing Acacia Mining Plc of operating illegally... 

Acacia Mining calls for independent investigation into its Tanzanian gold concentrate exports 

By: Megan van Wyngaardt     13th June 2017 LSE-listed Acacia Mining on Tuesday called for an independent investigation into its resources and finances, following a report by a second Tanzanian Presidential committee, which claimed that the company had underdeclared its revenues and tax payments, “stretching into the tens of billions of... 

Tanzanian govt accuses Acacia of mining gold illegally

By: Bloomberg     12th June 2017 Tanzania’s government accused Acacia Mining of operating illegally in the East African country and said mining companies have been evading taxes. Acacia’s shares slumped. “The committee has established that Acacia Mining has been conducting its mining business here in Tanzania contrary to the... 

Construction costs in Johannesburg set to rise 7.5%

By: Megan van Wyngaardt     8th June 2017 Johannesburg has been ranked fourth among the top five global cities where construction costs will increase over the next year, with the cost of construction set to rise about 7.5% over 2017/18, against a global average of 3.5%, professional services company Turner & Townsend’s ‘International... 

Sub-Saharan Africa middle class represents R1.3tr a month market

By: Megan van Wyngaardt     19th May 2017 A University of Cape Town (UCT) Unilever Institute of Strategic Marketing initiative, the African Lions research project, has established that the sub-Saharan African middle class, comprising around 100-million people, represents a R1.3-trillion a month market and is growing. Carried out... 

Technology improved on cranes for efficient operation  

By: Victor Moolman     7th April 2017 Technological advancements over the years have meant Midrand-based tower cranes and lifting solutions company SA French has been able to install trackers on its crane fleet, ensuring more efficient operations during construction projects. 

Mikono Expo Group will Host the Dar Construction Trade Expo and the East Africa Smart Building Summit 2017 in Dar es Salaam,Tanzania!!

     15th March 2017 Tanzanian based company Mikono Speakers under her sister company Mikono Expo Group, which operates in Tanzania, South Africa and other African nations, is hosting the Dar Construction Trade Expo 2017. This esteemed event will take place along with the East Africa Smart Building Conference. More... 

Secret of the Kibali mine – flying people in and gold bars out

By: Bloomberg     6th March 2017 Randgold Resources had to haul heavy equipment more than 1 000 miles to build the roads and hydropower plants needed to construct its Kibali gold mine, the biggest in Democratic Republic of Congo. The sprawling facility in a remote corner of a country the size of Western Europe is a high-tech... 

Tanzania set to proceed with Dar port expansion

By: John Muchira     10th February 2017 Tanzania is set to proceed with the long-stalled expansion of the Dar es Salaam port, after securing funding from the World Bank. Two years after breaking ground, the project has been in doubt until recently, when the Bretton Woods institution approved a $305-million loan for the project. 

Africa must connect on global scale for economies to keep up and compete

By: Megan van Wyngaardt     9th February 2017 To grow their economies in line with their growing size, Africa’s cities must open their doors and connect to the world to ensure that investments in these cities’ infrastructure, industrial and commercial structures keep pace with its concentration of people. A new World Bank report, released on... 

Tanzania said to pick Mota, Yapi to build $1.1bn rail

By: Bloomberg     3rd February 2017 Tanzania chose Turkish construction company Yapi Merkezi Insaat VE Sanayi As and Portuguese building firm Mota-Engil SGPS SA to build a railway at a cost of more than €1-billion ($1.1-billion) to connect the East African country with landlocked neighbors, people familiar with the matter said. The... 

AIIM acquires stake in DCG

By: Anine Kilian     2nd February 2017 African infrastructure equity investment manager African Infrastructure Investment Managers (AIIM) has acquired a 60% interest in dry bulk terminal operator DSM Corridor Group Tanzania (DCG), in the Port of Dar es Salaam, in Tanzania. “The port and surrounding infrastructure is set to be... 

Solar opportunities raised at exhibition

     27th January 2017 After the success of Solar Africa 2015, at the Kenyatta International Convention Centre (KICC) in Nairobi, Kenya, organiser of trade events Expogroup announced the return of Solar Africa 2017 from June 10 to 12. Expogroup highlights that one of the major challenges in the renewable energy... 

WorleyParsons Acknowledged by Tanzanian Government for Natural Gas Project

     9th January 2017 Following the handover of the Mtwara to Dar es Salaam Pipeline Project in August 2016, a project close-out ceremony was held in October 2016 in celebration of the tremendous success of the project, attended by Tanzanian Government officials, client Board Members, other project stakeholders, as... 

Randgold CEO Bristow ‘super excited’ about Africa as ‘next China’ 

By: Martin Creamer     26th September 2016 Africa needs investments coupled with aggressive growth and if correctly managed, will be the world’s "next China", says Randgold Resources CEO Dr Mark Bristow, who has developed half a dozen highly successful gold mines on the continent besides traversing its length and breadth on his motor... 

African cities study aims to stimulate conversation on urbanisation

By: Mia Breytenbach     9th September 2016 Multidisciplinary engineering consultancy Arup held the first in a series of workshops on African cities at their Johannesburg offices last week. The workshop presented recently completed research by the Cities group at Arup that focuses on the unique challenges facing African cities and aims to... 

The need for women town planners

     22nd August 2016 Women are fast becoming valuable resources in the engineering industry, however, there is a need for more women to pursue town planning as a career. Statistics provided by the South African Council for Professional Planners indicate that there is a total of 1403 registered planners in the... 

Business Unusual Revolutionising Electrical Construction

     22nd August 2016 EnI Electrical, part of the Zest WEG Group, is not only on a drive to change the electrical contracting industry, but also the larger South Africa construction landscape. Its strategy is working considering that the electrical contractor enjoyed a record revenue year in 2015, while recording 404%... 

Uber mulls new South African services as it expands African footprint 

By: Irma Venter     19th August 2016 There is “huge scope” for Uber to grow in South Africa, says Uber sub-Saharan Africa GM Alon Lits. “My wife and I have one car. I Uber to work every morning and I always drive past all of these cars in traffic with single occupants. I want each and every one of these drivers to switch to Uber.” 

New fire door in high demand

     19th August 2016 Fire and security doors producer Bitcon Industries has been contracted to supply doors to an array of new shopping centres throughout sub-Saharan Africa. Jet Park-based Bitcon director Bill Vollmer comments that the company is supplying its Rubidor fire doors for the upgrading and construction of... 

Rwanda plans $85m petroleum products depot

By: John Muchira     19th August 2016 Landlocked Rwanda plans to build a $85-million petroleum products depot as it seeks to increase the country’s strategic fuel reserve from 70-million litres to 150-million litres by 2018. “Maintaining adequate fuel reserves is one of the key measures towards safeguarding national security and... 

Uber mulls new South African services as it expands African footprint

By: Irma Venter     19th August 2016 There is “huge scope” for Uber to grow in South Africa, says Uber sub-Saharan Africa GM Alon Lits. “My wife and I have one car. I Uber to work every morning and I always drive past all of these cars in traffic with single occupants. I want each and every one of these drivers to switch to Uber.” 

Tanzania signs loan deal with China for crossborder rail project

By: John Muchira     12th August 2016 Tanzania has signed a $7.6-billion concessional loan agreement with Export-Import Bank (Exim) of China to finance the construction of the standard-gauge railway line project connecting it with Rwanda, Burundi and the Democratic Republic of Congo (DRC). The 2 561 km line will run from Dar es... 

Gas master plan needs to be finalised so investment can follow – Gibb

By: Megan van Wyngaardt     11th August 2016 If South Africa is looking to incorporate more gas into its energy mix, while moving away from carbon-intensive coal, hurdles such as policy uncertainty and legislation need to be resolved in the short-term, according to multidisciplinary engineering consultancy Gibb. This includes government’s... 

Transport costs undermining African farmers

By: Irma Venter     22nd July 2016 A study shows that agricultural fertiliser can land at the Kenyan Port of Mombasa at $350/t, and then sell for 300% to 400% more 1 000 km inland, says Common Market for Eastern and Southern Africa (Comesa) Alliance for Commodity Trade in Eastern and Southern Africa CEO Argent Chuula. “The same is... 

Intra-African trade costs highest of all developing regions

By: Irma Venter     30th June 2016 A study shows that agricultural fertiliser can land at the Kenyan Port of Mombasa at $350/t, and then sell for 300% to 400% more 1 000 km inland, says Common Market for Eastern and Southern Africa (Comesa) Alliance for Commodity Trade in Eastern and Southern Africa CEO Argent Chuula. “The same is... 

Summit brings governments, operators and investors together

     24th June 2016 Regional and international stakeholders for East and Central Africa's transport infrastructure sector will be gathering once again at the seventh East & Central Africa Roads & Rail Infrastructure Summit 2016 (Roads & Rail 2016) to be held on September 27 and 28 in Dar es Salaam, in Tanzania. 

Kibo to start EPC bidding process for Tanzania coal-to-power project

By: Anine Kilian     3rd June 2016 Tanzania-focused mineral exploration and development company Kibo Mining will soon start the formal engineering, procurement and construction (EPC) bid process for the power plant and coal mine components of its Mbeya coal-to-power project (MCPP). The company last month met with potential bidder... 

Peak appoints Tanzania Ambassor as special adviser

By: Samantha Herbst     2nd June 2016 ASX-listed rare earths hopeful Peak Resources announced on Thursday that it had appointed Ambassador Paul Rupia, an “internationally recognised and respected” Tanzania statesman, as special adviser to the Peak board. Rupia currently served as chairperson of DCB Commercial Bank and had held this... 

Fastjet gets South Africa flying

     31st May 2016 Fastjet, the low-cost pan-African airline, has been making travel dreams come true for over 2 million of its passengers across the African skies since launching in November 2012.   As an initiative to boost even more South Africans flying, fastjet has announced that any passengers purchasing... 

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