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Lower South Deep output dents Gold Fields’ FY18 profit 

By: Tasneem Bulbulia     15th February 2019 Dual-listed Gold Fields achieved normalised profit from continuing operations of $27-million for the year ended December 31, 2018, compared with the $154-million posted for 2017.   The company’s profit was dented by a decline in output, led by its South Deep mine in South Africa. 

Renewable grids present investment opportunity

By: Paige Müller     15th February 2019 The recent trend towards the development of renewable energy, including those based on smart grids and microgrids in Africa, has encouraged the establishment of a new renewable energy equity fund. With the Africa Energy Indaba set to take place from February 19 to 20 at the Sandton Convention... 

GoldStone expects definitive economic plan for Ghana mine to be completed in Q2

By: Marleny Arnoldi     14th February 2019 Aim-listed GoldStone Resources expects the definitive economic plan (DEP) for its Akrokeri-Homase gold project, in Ghana, to be completed during the second quarter. The DEP assesses the capital requirements, operating costs and timelines in respect of developing an operational mine on the... 

Aker Energy eyes IPO after submitting Ghana oilfield plan in March

By: Reuters     14th February 2019 Norwegian oil company Aker said on Thursday that its exploration start-up in Ghana will submit development plans to Ghanaian authorities in March and the parent will then decide whether to sell stakes via an initial public offering or other means. The subsidiary, Aker Energy, plans to develop the... 

More Professionals In Search Of A Better Work Life Outside Of South Africa, Global Study Reveals

14th February 2019 More young South African working professionals are willing to relocate for work compared to their contemporaries around the rest of the world, according to new research by the The Boston Consulting Group (BCG) and The Network, in association with CareerJunction. The study, which surveyed 366,000... 

Siemens working with WestPark to build first industrial and business park in Africa wholly powered by renewable energy

By: Creamer Media Reporter      12th February 2019 Siemens today announced it has signed a Memorandum of Understanding (MOU) with WestPark Enterprises to develop an expandable microgrid solution for the fast-growing industrial and business park based in Takoradi, Western Ghana. The WestPark aims to eliminate many of the challenges faced by... 

What to Expect at 2019’s Africa Energy Indaba

11th February 2019 The Africa Energy Indaba conference is the definitive energy event for the continent providing an annual programme that influences energy policy for Africa. Key issues that impact the African energy sector will be debated together with solutions to best mitigate these concerns. Focused on... 

Obuasi development on track for end-2019 gold pour  

By: Marleny Arnoldi     11th February 2019 AngloGold Ashanti’s Obuasi redevelopment project has completed its first week of underground development blasting, as the work to pour first gold by the end of the year gathers momentum. The first blast, on February 1, advanced development by around 4.2 m on the 2 700-level, which is accessed... 

Marriott teams up with Kuwait Projects on St Regis resort in Morocco

By: Reuters     11th February 2019 United Real Estate, a unit of Kuwait Projects, and Marriott International said in a joint statement on Saturday that they had agreed to open a resort near Marrakech. Marriott said in October it had signed deals with partners to increase its hotels in Africa 50% by 2023, opening new ones in Ghana,... 

Siemens launches FABRIC – Turning urban data into a dynamic visualization of Jamestown

By: Creamer Media Reporter      11th February 2019 Design and Data combine to tell a fascinating story about Jamestown, Accra. Leveraging Digital technology with Electrification and Automation domain know-how can help build a more resilient Ghana. 

On-The-Air (08/02/2019) 

By: Martin Creamer     8th February 2019 The Mining Indaba has become a budding United Nations of Africa that is singing off the same hymn sheet to build a better continent. De Beers stole the Mining Indaba show by announcing a R30-million investment in diamond exploration in South Africa. Gold mining companies that destroy Africa’s... 

IWMSA aligns with IFAT Africa to support industry collaboration

7th February 2019 The Institute of Waste Management of Southern Africa (IWMSA) has signed a Memorandum of Understanding with Messe Muenchen South Africa, organisers of IFAT Africa, to collaborate on the 2019 exhibition and conference. IFAT Africa is the leading environmental technology trade fair in sub-Saharan... 

Global and Africa Energy Experts Confirmed to speak at the 11th Africa Energy Indaba

By: Creamer Media Reporter      7th February 2019 Leading figures and global experts within the African energy sector will convene in Sandton, Johannesburg, South Africa at the 2019 Africa Energy Indaba to debate key issues keeping Africa’s energy leaders awake at night.  Discussions will highlight the energy sector’s innovations in Africa,... 

Obuasi mine to be an engine of growth for AngloGold, says CEO

By: Kim Cloete     6th February 2019 AngloGold Ashanti CEO Kelvin Dushnisky is very upbeat about developing its Obuasi gold mine, in Ghana, and has described it as being "in a class of its own on a number of metrics".  “It will be an engine of growth for this company. You need big, chunky engines of growth which, year after year,... 

Time to make Africa prosperous – Ghana President   

By: Martin Creamer     5th February 2019 It is time for Africa to make itself and its people prosperous by making use of mineral resources and modern technology to create a new world shorn of greed and cupidity, Ghana President Nana Akufo-Addo said on Tuesday. In an opening address on the second day of the Investing in African Mining... 

Goldplat's South African, Ghana subsidiaries achieve solid Q2 performance

By: Simone Liedtke     4th February 2019 Aim-listed Goldplat on Monday announced a 57% quarter-on-quarter increase in the production of gold-equivalent ounces for the second quarter ended December 31. Output was, however, 4% lower year-on-year. 

No time for a ‘wait and see’ approach in SA manufacturing 

31st January 2019 Foreign investors and South African industry players seem to be taking a ‘wait and see’ approach to industrial and manufacturing growth, putting the country at risk of falling behind its neighbours. However, investment in automation now could help boost the manufacturing sector, with benefits for... 

Group Five says pursues counter claims in aborted Kpone power project

By: African News Agency      30th January 2019 Construction engineering company Group Five said on Wednesday its legal team was still pursuing its contractual rights and entitlements for payment, including the recovery of damages and other claims, against Cenpower Generation Company over what it called the unlawful termination of the Kpone... 

Wa reserves top 1Moz

By: Esmarie Iannucci     30th January 2019 ASX-listed Azumah Resources has reported a 65% increase in the ore reserve at its Wa gold project, in Ghana, taking the reserve estimate to more than one-million ounces. “The Wa gold project is now transformed into an extremely compelling development opportunity, without even considering the... 

Rhodes University to lead £20m international collaborative ocean project

By: African News Agency      29th January 2019 Rhodes University is set to lead a £20-million international collaborative project to influence ocean health and integrated ocean governance for equitable and inclusive sustainability. The One Ocean Hub is one of twelve innovation hub programmes approved by the UK Research Innovation’s Global... 

President Cyril Ramaphosa confirmed to attend Mining Indaba’s 25th Anniversary

By: Creamer Media Reporter      29th January 2019 South Africa’s President Cyril Ramaphosa is confirmed to attend Investing in African Mining Indaba, the landmark event for the mining industry taking place every year in Cape Town. President Ramaphosa will be joined by the President of Ghana Nana Akufo-Addo and is set to bring his investment and... 

Volkswagen signs agreement with Ethiopia to develop auto industry

By: Irma Venter     29th January 2019 Volkswagen has signed a memorandum of understanding (MoU) with the government of Ethiopia to deliver a joint vision for the development of an automotive industry in the East African country. The MoU was signed by Volkswagen sub-Saharan Africa region head Thomas Schaefer and Ethiopian Investment... 

President Ramaphosa to address African Mining Indaba in Cape Town

By: African News Agency      28th January 2019 President Cyril Ramaphosa is expected to address mining industry stakeholders from across the world at the Investing in African Mining Indaba set to take place in Cape Town next week. The event, which will also celebrate 25 years of progress in African mining, will be held at the Cape Town... 

Expanded products portfolio leads to new opportunities

By: Cameron Mackay     25th January 2019 New markets and opportunities have arisen after technical solutions provider BMG expanded its products portfolio with the addition of Fenner conveyor belting products last year. “BMG decided to sign a long-term agreement in 2018 with polyvinyl chloride (PVC) solid woven conveyor belting products... 

Major upgrades to start at six airports

By: Mc'Kyla Nortje     25th January 2019 South African airport management company Airports Company of South Africa (ACSA) announced that upgrades and improvements over the next three to eight years at six of the country’s airports will cost about R26-billion. The upgrades and improvements are primarily to improve passenger facilities... 

UCT researchers selected for research hubs to address global challenges

By: Sashnee Moodley     24th January 2019 Funding agency United Kingdom Research and Innovation (UKRI) and the Global Challenges Research Fund (GCRF) have selected University of Cape Town (UCT) researchers to establish research hubs at UK universities, to tackle some of the development challenges facing the world. The hubs offer five... 

Kropz anticipates first phosphate ore from long-awaited Elandsfontein by year-end   

By: Marleny Arnoldi     23rd January 2019 Aim-listed emerging phosphate producer Kropz is finalising the design of processing plant upgrades at its 74%-owned Elandsfontein project, in South Africa, with first ore to be produced by the end of the year. The mine will ramp up to steady-state production of one-million tonnes a year during... 

Ghana pledges no repeat of incursions at AngloGold mine 

By: Bloomberg     23rd January 2019 Ghanaian President Nana Akufo-Addo pledged that the incursion of illegal miners which forced AngloGold Ashanti to evacuate its Obuasi operation won’t be repeated. Speaking at a ceremony that marked the reopening of the century-old mine in the south of the country, Akufo-Addo said Tuesday that the... 

Africa's position as the world's hottest oil and gas frontier to be entrenched this year

By: African News Agency      22nd January 2019 The year ahead will be key for the advancement of new exploration and production development projects from West to East Africa in the hydrocarbons market, entrenching the continent’s position as the word’s hottest oil and gas frontier, the African Energy Chamber (AEC) has said. The year however... 

Perseus hits production targets

By: Esmarie Iannucci     22nd January 2019 Gold miner Perseus Mining has met its half-year and calendar year production targets, despite production in the three months to December falling, compared with the September quarter. Perseus on Tuesday reported that gold production in the three months to December reached 68 078 oz, which was... 

Asanko progresses Esaase trial mining, exceeds production guidance

By: Marleny Arnoldi     17th January 2019 TSX- and NYSE-listed Asanko Gold delivered a strong operational performance in the final quarter of 2018, producing 59 823 oz of gold, taking full year output to 223 152 oz. This was above guidance of 200 000 oz to 220 000 oz.  

Tullow Oil hit by payment delay, but sees higher output

By: Reuters     16th January 2019 A delay in receiving payment from the sale of a stake in Ugandan oilfields caused Tullow Oil to miss cash flow and debt forecasts on Wednesday, although the firm said it expected to receive the money soon and also forecast higher production. The Africa-focused company said it expected production... 

Key African central banks to hold rates on inflation, oil prices

By: Bloomberg     16th January 2019 Africa’s key central banks are expected to hold benchmark interest rates at their first meetings of the year – albeit for different reasons. While the drop in oil prices could give South African and Kenyan policy makers room to hold off on further rate increases, currency pressures could keep the... 

Commodity-Wide Success For Kwatani Screens

15th January 2019 The recent orders won by vibrating screen and feeder specialist Kwatani have cemented its reputation as the leading South African original equipment supplier (OEM) with a truly cross-commodity footprint. Kwatani’s custom engineered products are now in some of the world’s largest mines, and many... 

Newmont's Goldcorp gamble may need 'drastic surgery' to work

By: Bloomberg     15th January 2019 The cost to create the world’s largest gold company: A 17% premium for a $10-billion all-shares acquisition that faces some big-time challenges down the line. Newmont Mining’s deal for Goldcorp stands in stark contrast to the recent zero-premium merger between Barrick Gold and Randgold... 

Newmont seeks to become world's biggest gold producer through $10bn Goldcorp buyout 

By: Marleny Arnoldi     14th January 2019 NYSE-listed Newmont Mining Corporation and NYSE- and TSX-listed Goldcorp have entered into a definitive agreement that will result in Newmont acquiring all shares of Goldcorp in a stock-for-stock transaction valued at $10-billion. Newmont will acquire each Goldcorp share for 0.3280 of a Newmont... 

Africa 2019 – The Optimist's View

By: Creamer Media Reporter      8th January 2019 Is there a new scramble for Africa? Why should Africa be confident? These and other questions are eloquently ventilated at the plethora of Africa Investment conferences – including our own Hogan Lovells Africa forums in London and Johannesburg –and 2018 has been no different. 

Disappearing forests

By: Martin Zhuwakinyu     2nd November 2018 In rather melodramatic fashion, one journalist, writing in June this year, portrayed the rate at which the world is losing its forests thus: “Image looking down on huge swathe of lush forest – but before you can pull out your phone to take a picture, it’s gone.” A look at the latest tree cover... 

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