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ExecuJet welcomes first Pilatus PC-24 aircraft to its fleet 

By: Simone Liedtke     15th October 2018 Luxury aviation company ExecuJet on Monday welcomed the first Pilatus PC-24 aircraft in Africa to its premises at Lanseria International Airport, in Johannesburg. ExecuJet, which held a photo opportunity on Monday, is the first business aviation company in Africa to operate and manage a Pilatus... 

Congo miners seek concessions in new code as arbitration on hold

By: Bloomberg     12th October 2018 Miners in the Democratic Republic of Congo are seeking concessions under the nation’s new industry code and holding off challenging it through arbitration, in the hope they can still wring out a compromise in the world’s main source of cobalt and Africa’s biggest copper producer. Producers... 

SA HIPPO in big demand for USA Coal Mines

By: Creamer Media Reporter      11th October 2018 Due to President Donald Trump insisting that USA international companies, such as General Motors, bring their manufacturing activities back to the USA it is expected that a shortage of electrical power would be experienced. Several USA coal mines that have been closed for the last 20 years, most... 

Mining Indaba intensely focused on driving capital into African mining 

By: Martin Creamer     11th October 2018 An investment pavilion will be introduced at the upcoming Investing in African Mining Indaba to drive capital into African mining with even greater intensity, MD Alex Grose said on Thursday. Speaking to Mining Weekly Online during a media roundtable, Grose also revealed that more time would be... 

DRC, Tanzania resource nationalist measures more extreme – Leon 

By: Martin Creamer     10th October 2018 The resource nationalist measures being implemented in the Democratic Republic of Congo (DRC) and Tanzania are significantly more extreme than those being adopted and even considered in most other African countries. One likely reason for this is that the DRC and Tanzania both suffer from... 

ERG bets on cobalt from Congo in quest for growth

By: Reuters     9th October 2018 Eurasian Resources Group (ERG) plans to ramp up cobalt output at its Democratic Republic of Congo (DRC) facility as it expects the electric car industry to boost demand for the metal, ERG CE Benedikt Sobotka told Reuters. ERG, a global mining and metals group with Kazakh roots, aims to raise... 

Is the reign of Glencore’s billionaire copper king near its end?

By: Bloomberg     9th October 2018 Aristotelis Mistakidis is one of the world’s most powerful commodity traders. For nearly 20 years, the brash, hyperactive Greek known to everyone simply as “Telis” has ruled over the global copper market, buying and selling enough of the red metal to supply every factory in the US twice over.... 

Technology cost assumptions used to produce IRP explained 

By: Terence Creamer     9th October 2018 An experienced electricity system modeller has corrected a suggestion that the draft 2018 Integrated Resource Plan (IRP 2018) uses levelised cost assumptions for the various generation technologies tested, explaining that overnight capital cost assumptions for each technology are key inputs. The... 

SA to offer Swahili as a school subject

By: Martin Zhuwakinyu     5th October 2018 Readers of this column who are not news junkies like yours truly may have missed the announcement, made last month: South African schools, both public and private, will be offering Swahili as an optional language from 2020, alongside such foreign languages as French, German and Mandarin, which... 

Alphamin receives approval for further $25m drawdown

By: Creamer Media Reporter      4th October 2018 Alphamin Resources has satisfied the conditions required to draw down an additional $25-million under a previously announced credit facility of up to $80-million. The drawdown will take the total amount drawn under the credit facility to $60-million. 

Ivanhoe announces third major copper discovery in DRC

By: Simone Liedtke     1st October 2018 TSX-listed Ivanhoe Mines has made an important new discovery of high-grade copper on its 100%-owned Western Foreland licences, west of the Kamoa-Kakula mining licence in the Democratic Republic of Congo (DRC). This discovery, Makoko, is the first of multiple high-potential target areas identified... 

Randgold refutes Sokimo’s claims around Barrick merger affecting Kibali ownership

By: Marleny Arnoldi     28th September 2018 Randgold Resources has refuted reported claims by Democratic Republic of Congo State miner Société de Miniere de Kilo-Moto SA (Sokimo) that the proposed merger between Barrick Gold and Randgold will introduce a new partner in the Kibali joint venture. Randgold said the proposed merger would... 

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... 

AfDB seeks partnerships to lift 1bn people out of hunger

By: Simone Liedtke     26th September 2018 The African Development Bank (AfDB) has called on global partners to join hands to lift one-billion people globally out of hunger. The finance institution said in a statement that it was leading the way by investing $24-billion in African agriculture over the next decade. 

New AngloGold boss weighs asset sales to unlock value at miner

By: Bloomberg     26th September 2018 AngloGold Ashanti’s new CEO Kelvin Dushnisky said his goal of unlocking value at the world’s third-largest gold producer will involve focusing on its best assets and selling those that aren’t core to the business. Dushnisky, 55, took over at AngloGold on September 1 as the Johannesburg-based... 

Barrick silences its biggest critic by buying out Randgold

By: Bloomberg     24th September 2018 For more than two decades, Mark Bristow has been a thorn in the side of Barrick Gold. Now he’s its closest partner. The 59-year-old South African will take the role of chief executive officer at Barrick after the Canadian company inked a $5.4-billion deal to buy out Randgold Resources. It’s a... 

Culture imperative in facilitating safe workplaces

21st September 2018 Creating a safe working environment is a complex issue and requires a concerted effort by all stakeholders over a sustained period of time, posits cement, lime and related products supplier PPC technical and lime executive Hardie de Beer. “It is this understanding that is at the core of PPC’s... 

Mahenge Liandu graphite project on track

By: Marleny Arnoldi     20th September 2018 Aim-listed Armadale director Nick Johansen says the company is gaining momentum with confirming and highlighting the commercial viability of its Mahenge Liandu graphite project, in Tanzania, and is on track for a decision to mine in early 2019. “The completion of the scoping study in April was... 

Vector Resources secures $20m loan to aid Adidi-Kanga development

By: Marleny Arnoldi     18th September 2018 ASX-listed Vector Resources has secured a $20-million committed debt facility with resources focus fund Medea Future Materials Fund, to help reduce its indebtedness with a local Democratic Republic of Congo (DRC) bank. The company needs $5-million for upfront acquisition costs, about $10-million... 

Engen operations in nine African countries transfer to Vivo Energy in March 2019

By: Marleny Arnoldi     18th September 2018 Oil company Engen Holdings’ operations in nine sub-Saharan African countries will be transferred to JSE-listed downstream petroleum company Vivo Energy on March 1, 2019. The $203.9-million transaction will see Vivo’s retail service station network expand from 15 to 23 countries in Africa,... 

Congo expects declaration on strategic metals by end of October

By: Bloomberg     18th September 2018 The Democratic Republic of Congo expects to issue a decree identifying strategic metals by the end of October, a government official said. Congo’s government has said it’s preparing to categorize cobalt and other metals as strategic, imposing a 10% royalty tax on producers including Glencore and... 

Congo Mines Minister sees strategic-metals decision 'very soon'

By: Bloomberg     14th September 2018 The Democratic Republic of Congo’s government will soon announce which minerals are to be designated “strategic” and subject to a 10% royalty rate, the mines minister said. Congo’s updated mining code, signed by President Joseph Kabila in March and applied since regulations were finalized in... 

Consultancy pursues innovation, growth

14th September 2018 Engineering consultancy AZMET continues to showcase South African engineering talent to a global audience, and the company is pursuing a number of plans for further expansions and opportunities that exist for organisations willing to innovate, says AZMET marketing director Ruan Kukard. AZMET,... 

‘We can’t do expensive’

By: Terence Creamer     14th September 2018 During a recent panel discussion on the ‘electricity utility of the future’ the Energy Intensive Users Group of Southern Africa’s Piet van Staden made the point that industry could deal with complexity, but “we can’t do expensive”. He was speaking the day after Energy Minister Jeff Radebe... 

Teck's copper project attracts interest before end-Sept deadline - sources

By: Reuters     13th September 2018 Mining companies and commodities trading houses are expected to table first-round offers by a September 28 deadline for a stake in Teck Resources' Quebrada Blanca copper mine expansion in northern Chile, two sources with knowledge of the matter said. Canada's Teck has said a development partner... 

Congo plans to build special economic zone for cobalt users

By: Bloomberg     12th September 2018 The Democratic Republic of Congo plans to establish special economic zones for companies that manufacture goods from the country’s minerals, President Joseph Kabila said. “There is a need to create special economic zones for the final users of Congolese natural resources,” Kabila said at a... 

Congo Mines Minister insists no compromise on new mining code

By: Reuters     12th September 2018 Democratic Republic of Congo's mines minister said on Wednesday that a new mining code signed into law in March that hikes royalties and taxes cannot be called into question. Addressing a mining conference in the copper and cobalt-mining city of Kolwezi, Martin Kabwelulu called on industry... 

Global Energy sets sight on US cobalt project

By: Mariaan Webb     12th September 2018 Cobalt-focused Global Energy Metals is set to acquire a past-producing mine and project that are about 150 km from the gigafactory that electric vehicle manufacturer Tesla is building in Sparks, Nevada. Global Energy, which already owns the Werner Lake cobalt mine in Ontario, Canada, and an... 

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... 

A reflection on latest IRP iteration

By: Terry Mackenzie-hoy     7th September 2018 The Integrated Resource Plan (IRP) is a government plan that supposedly sets out  the future development of the South African electricity generation system. In theory, government passes the plan around for comment by industry and municipalities and everybody agrees, after which government policy... 

Join the least-cost highway

By: Terence Creamer     7th September 2018 The release of a draft Integrated Resource Plan (IRP 2018) for public comment, is an extremely positive development. Likewise, the document’s acknowledgement that the least-cost new build option for South Africa to 2030 is a combination of solar, wind and gas represents major progress. This... 

ENRC wins UK appeal in attorney-client privilege case

By: Bloomberg     6th September 2018 A UK appeals court on Wednesday overturned a decision forcing a Kazakh mining company to hand over documents to prosecutors who are investigating the firm for corruption, marking a decisive victory for law firms helping firms manage fraud and bribery cases. The ruling means that Eurasian Natural... 

Affordability of energy must be prioritised – Radebe

By: African News Agency      5th September 2018 South Africa's Energy Minister Jeff Radebe has urged the prioritisation of energy affordability in order to attract investment. During his keynote address at the Africa oil and power conference held at the Cape Town International Convention Centre he said it was imperative in order to create jobs. 

Congo's biggest coltan miner resumes purchases after output halt

By: Bloomberg     5th September 2018 Societe Miniere de Bisunzu, the Democratic Republic of Congo’s biggest coltan miner, resumed purchases of the ore after a three-month shutdown at one of the country’s largest deposits. Output restarted at SMB’s mining permit, comprising seven sites at Rubaya in east Congo, on August 14 and the... 

Rebels ambush South African peacekeepers in Congo Ebola zone

By: Reuters     5th September 2018 Two South African peacekeepers were wounded in a rebel ambush near the epicentre of an Ebola outbreak in eastern Democratic Republic of Congo, their United Nations (UN) mission said on Tuesday. The attack on Monday on the outskirts of the city of Beni underscored the challenges authorities face... 

African rail industry urged to adopt concepts of Fourth Industrial Revolution

By: Nadine James     4th September 2018 The African rail industry must adopt the concepts and develop the technologies of the Fourth Industrial Revolution to facilitate, and realise, the industrialisation aspirations of the continent, delegates attending a South African Heavy Haul Association (SAHHA) technical workshop, on Tuesday,... 

Exclusion of new nuclear power capacity not deliberate – Radebe

By: African News Agency      4th September 2018 The decision to shelve plans to build new nuclear power plants was not based on principle but price and reduced electricity demand, Energy Minister Jeff Radebe said on Tuesday.  "We have not deliberately left nuclear out but it is not in the plan due to lower demand and lower cost of other... 

Lab-made diamonds for less: Why De Beers's plan worries rivals

By: Bloomberg     4th September 2018 De Beers hasn’t even opened its first synthetic diamond store, but its looming entry into the market for man-made gems has already shaken the industry. The unit of Anglo American said three months ago that it plans to sell lab-grown diamonds at a fraction of the going rate, undercutting rivals... 

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