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Congo’s Ebola Outbreak Highlights Dire Need To Improve Healthcare Supply Chains, Says Professional Body

22nd May 2018 The vaccine distribution challenges being faced by role players currently racing to prevent an Ebola epidemic in the Congo highlight the increasingly critical need for improvements in Africa’s healthcare supply chains, according to Mungo Park, president of SAPICS – the Professional Body for... 

Glencore goes from crisis to crisis with possible bribery probe

By: Bloomberg     21st May 2018 It’s becoming hard to keep track of all of Glencore’s legal battles in the Democratic Republic of Congo. The world’s biggest commodity trader is facing the possibility of a bribery investigation by British prosecutors over its work with Dan Gertler, an Israeli billionaire and close friend of... 

Barloworld H1 profits, revenue rise on higher Southern African, Russian equipment sales

By: Marleny Arnoldi     21st May 2018 Despite a weaker first quarter, the global economy remains on track to show solid growth for 2018 in both developed and emerging markets, while South Africa’s economic outlook is also improving, benefiting multinational Barloworld. The company on Monday reported a 14.2% year-on-year increase in... 

Glencore said to face UK bribery probe over Congo dealings

By: Bloomberg     18th May 2018 The UK’s white-collar crime prosecutor is preparing to open a formal bribery investigation into Glencore and its work with Israeli billionaire Dan Gertler and the leader of Democratic Republic of Congo (DRC), according to two people with knowledge of the matter. Investigators at the Serious Fraud... 

Eritrea 'poison pill' complicates miner Lundin's aspirations – sources

By: Reuters     18th May 2018 The weak human rights record of one of Africa's poorest countries is coming between Lundin Mining Corp and its pursuit of a prized European copper and gold asset. Cash-rich Lundin's latest run at fellow Canadian miner Nevsun Resources is designed to bag the Timok project in Serbia, but it had to... 

Contrasting performances for Sub-Saharan African, European miners – BMI

By: Simone Liedtke     17th May 2018 Europe and sub-Saharan Africa are on opposite ends of BMI Research’s Mining Risk and Reward Index (RRI), as can be seen with Europe’s significantly stronger performance in country and industry risk indicators, while sub-Saharan Africa continues to lag in country reward scores. The country reward... 

China's Jinchuan to double African copper, cobalt output – exec

By: Reuters     17th May 2018 China's Jinchuan Group International Resources plans to double its African copper and cobalt production in the next two to three years, its CEO said on Thursday. The company currently produces around 50 000 tonnes of copper and 5 000 tonnes of cobalt a year, Gao Tianpeng said at the LME Asia Week... 

Copper industry in crisis, new areas pursued

By: Jessica Oosthuizen     17th May 2018 The global copper industry is in crisis – traditional orebodies are becoming depleted and the commodity market has depressed the price of copper to such an extent that mining companies cannot afford to invest in expansion or new equipment, says foundry and engineering company Thos Begbie group... 

Rising resource nationalism seen as 'fire burning' for miners

By: Bloomberg     17th May 2018 A rising tide of resource nationalism is causing miners to rethink where they invest and creating volatility for a sector already buffeted by brewing trade wars. “A significant industry issue is resource nationalism,” Rio Tinto Group CEO Jean-Sebastien Jacques told investors at a conference in... 

Rio Tinto CEO calls for 'United Nations of the mining world'

By: Reuters     16th May 2018 Rio Tinto CEO Jean-Sebastien Jacques said resource companies needed to build "the United Nations of the mining industry" to tackle rising resource nationalism and cost inflation. Rising commodity prices typically lead to resource nationalism as they inspire resource-holding nations to demand... 

Gordhan outlines his plan for the ‘recapture’ of South Africa’s SoCs

16th May 2018 The full text of Public Enterprises Minister Pravin Gordhan’s Budget Vote speech to Parliament on May 15. In it, the Minister warns that it has become evident that several State-owned companies (SOCs) will not be able to trade and borrow their way out of their financial difficulties and that some... 

Katanga ramps up DRC copper, cobalt production as legal woes mount

By: Henry Lazenby     15th May 2018 Commodity giant Glencore’s majority owned and publicly traded Democratic Republic of Congo- (DRC-) focused copper/cobalt unit Katanga Mining is ramping up output after resuming production from the Phase 1 whole ore leaching project on December 11, the company reported on Tuesday. Katanga will... 

DRC Mining Code draft regulations complete, but industry still hopes for changes

By: Marleny Arnoldi     15th May 2018 Major mining companies operating in the Democratic Republic of Congo (DRC) remain hopeful that meaningful changes can still be made to the 2018 Mining Code.  

UAE trader looking to expand into gold refining in Africa

By: Reuters     15th May 2018 Privately held gold trader Sakthi Trading Group is planning to build two gold refineries in Africa and is looking for investors for the projects, company executives said on Tuesday. The group, headquartered in the United Arab Emirates, is seeking a total investment of $246-million for the... 

WHO gets approval to use Ebola vaccine in DRC

By: Reuters     14th May 2018 The World Health Organization has been given the go-ahead by officials in the Democratic Republic of Congo to import and use an experimental Ebola vaccine in the country, WHO Director-General Tedros Adhanom Ghebreyesus said on Monday. "We have agreement, registration, plus import permit,... 

Barrick, Glencore expect to get licence for Tanzanian project

By: Bloomberg     14th May 2018 Executives at Barrick Gold and Glencore expect to receive a new license for their joint venture Kabanga nickel project in Tanzania, having held “productive” talks with the government during the past several months, Barrick said Sunday. Under changes to Tanzania’s mining license structure put into... 

More agile Sherritt focused on building ‘cycle-proof’ balance sheet

By: Henry Lazenby     11th May 2018 Canadian diversified miner Sherritt International is focused on further strengthening its balance sheet, with a view to building a “cycle-proof” balance sheet as Class I nickel and cobalt prices rise, president and CEO David Pathe tells Mining Weekly Online. Building on from the late... 

Decorative concrete market looking good

By: Jessica Oosthuizen     11th May 2018 Decorative concrete solutions can raise the aesthetic value of both new projects and renovations, and construction chemicals company Chryso Southern Africa is participating in the market to supply such solutions for aesthetic and practical applications, company CEO Norman Seymore tells... 

Cement plant maintenance crucial

By: Jessica Oosthuizen     11th May 2018 Strategic and effective cement plant maintenance services can increase plant productivity and reduce costs, says furnace and industrial services company The Dickinson Group sales manager Brighton Mapiku. “By doing thorough cement plant maintenance, which includes proper planning, employing... 

Zest WEG Group

11th May 2018 Zest WEG Group, a subsidiary of leading Brazilian motor and controls manufacturer WEG, has a strong commitment to contributing to the development of Africa and has been servicing the mining sector on the continent for more than 35 years. An in-depth understanding of the harsh conditions found... 

Gold industry running risk of becoming irrelevant – Bristow

By: Martin Creamer     10th May 2018 The gold mining industry is running the risk of becoming irrelevant to the investment community. “It hasn’t delivered much value for a long time,” Randgold Resources CEO Dr Mark Bristow commented to Mining Weekly Online during an interview to mark the company’s presentation of first-quarter... 

Randgold maintains FY18 production guidance despite softer Q1

By: Simone Liedtke     10th May 2018 Randgold Resources’ full-year production guidance remains intact despite a softer first quarter, ended March 31, in which it contended with multiple challenges.   

Kinross reels as two more Africa nations seek mining payoffs

By: Bloomberg     10th May 2018 Kinross Gold is the latest miner to be hit by changing policies in Africa as governments seem increasingly willing to upend historic deals with foreign companies in their quest for more mining revenue. Mauritania’s rejection of a key permit to expand a Kinross project, and a proposed mining code... 

Randgold ends gold venture with Cradle Arc in Mali

By: Reuters     10th May 2018 African gold miner Randgold has ended a joint venture agreement in Mali with junior explorer Cradle Arc, Cradle Arc said on Wednesday, adding it would seek a new partner. Under the agreement begun in February 2016, Randgold held a 65% stake in the Kossanto West Gold Project licences, which will... 

Vedanta's KCM disputes $18m Zambia tax bill – industry source

By: Reuters     9th May 2018 Vedanta Resources' Zambia unit, Konkola Copper Mines (KCM), is disputing a bill of almost $18-million slapped on it by tax authorities after an audit, an industry source familiar with the matter, told Reuters on Wednesday. Zambia's revenue authority concluded audits of mining companies that... 

Congo finalising mining rules after company concerns ignored

By: Bloomberg     9th May 2018 The Democratic Republic of Congo’s Mines Ministry said it’s completing work on new regulations, as a draft document showed the government has so far ignored companies’ key concerns about the reforms. Miners including Glencore and Randgold Resources have demanded the government dial back aspects... 

Congo court suspends Gecamines bid to dissolve Glencore unit

By: Bloomberg     8th May 2018 A Democratic Republic of Congo court suspended proceedings by State-owned mining company Gecamines to dissolve a unit of Glencore until next month. The Commercial Court in Kolwezi, in southeastern Congo, ordered the suspension while it awaits a June 15 ruling by the Supreme Court on its... 

South African output rises as AngloGold delivers at lower cost

By: Martin Creamer     8th May 2018 The smaller South African footprint of gold-mining company AngloGold Ashanti, consisting of one underground mine and one tailings treatment operation on surface, delivered impressive first-quarter results with rising production and reduced rand-denominated costs. Production rocketed 29% at... 

Tesla's battery tweaks won't solve world's cobalt conundrum

By: Bloomberg     5th May 2018 Cobalt bulls, keep calm. Despite what Tesla’s Elon Musk says, there may be no escaping a coming supply crunch as the auto industry hurtles into the era of electric vehicles. Tesla’s dwindling reliance on cobalt was one of the topics that Musk did want to discuss in an otherwise awkward earnings... 

Goldman Sachs maintains buy rating on Glencore

By: Marleny Arnoldi     4th May 2018 Diversified miner Glencore’s strong production growth has prompted investment banking and management firm Goldman Sachs to maintain its buy rating on Glencore.  

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... 

Investment underpins African expansion

By: Tasneem Bulbulia     4th May 2018 Private equity fund Agile Capital’s investment in consulting and engineering services business Bluhm Burton Engineering Group (BBE Group) serves as a prime example of the company’s strategy to aggressively drive expansion into African markets through its portfolio of companies, Agile Capital CEO... 

Development agendas to curb power woes

4th May 2018 Sub-Saharan Africa is burdened with a complex and persistent electricity gap that is difficult to bridge in the medium to long-term owing to population growth, says intergovernmental partnership Nile Basin Initiative (NBI) programme officer Grania Rubomboras. To address the increasing population... 

Local company targets mechanical tube cleaning opportunities at AUW

By: Melissa Zisengwe     4th May 2018 South Africa-based engineering, procurement and construction company Lesedi Nuclear Services says the African Utility Week (AUW) is the ideal platform to introduce energy companies and utilities to lesser known but an efficient mechanical tube cleaning system. The event is an opportunity to meet... 

Initiative brings more German companies to AUW

4th May 2018 The German Energy Solutions Initiative which is coordinated and financed by the Federal Ministry for Economic Affairs and Energy will be bringing seven German companies to African Utility Week (AUW) for the German pavilion. According to the German Energy Solutions Initiative head of division... 

Zest WEG Group

4th May 2018 Zest WEG Group, a subsidiary of leading Brazilian motor and controls manufacturer WEG, has a strong commitment to contributing to the development of Africa and has been servicing the mining sector on the continent for more than 35 years. An in-depth understanding of the harsh conditions found... 

Glencore Q1 global production in line with full-year guidance

By: Marleny Arnoldi     3rd May 2018 Diversified miner Glencore on Thursday reported that its production for the first quarter was largely in line with expectations across all commodity groups and that its full-year guidance remains unchanged.  

Glencore is said to take Congo rift with Gertler to London court

By: Bloomberg     2nd May 2018 Glencore’s clash with former partner Dan Gertler over unpaid royalties at a key Congolese copper mine deepened as the legal battle spread to a London court. The Swiss miner was on Tuesday granted a temporary injunction against the Israeli-billionaire after petitioning the London court to rule... 

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