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Goldstone renews Ghana prospecting licences

By: Nadine James     18th May 2018 The prospecting licences for Goldstone Resources’ Homase-Akrokeri project, in Ghana, have been extended to April 2020. Goldstone CEO Emma Priestley noted that the company was pleased to have received these renewals, and especially for an extended period. 

Africa’s air traffic liberalisation journey continues, after 30 difficult years

By: Rebecca Campbell     18th May 2018 In November 1988, the Ministers responsible for civil aviation in 40 African countries agreed a declaration on a new African air transport policy. This was immediately designated the Yamoussoukro Declaration, after the city in which it was adopted (the capital of Ivory Coast). Among other things,... 

Valves system ready for African oil production market

By: Donald Makhafola     18th May 2018 Netherlands-based valves manufacturer Mokveld’s new patented low shear technology, the Typhoon valve system for oil production system is available for the African commercial market through South Africa-based high-end and specialised equipment supplier Energas Technologies. “The low shear-force... 

Africa’s air traffic liberalisation journey continues, after 30 difficult years

By: Rebecca Campbell     18th May 2018 In November 1988, the Ministers responsible for civil aviation in 40 African countries agreed a declaration on a new African air transport policy. This was immediately designated the Yamoussoukro Declaration, after the city in which it was adopted (the capital of Ivory Coast). Among other things,... 

Strong first-quarter results delivered

By: Natasha Odendaal     18th May 2018 As telecommunications giant MTN Group continues to pursue its local listing ambition in Nigeria, the West African operation has shown positive momentum in the first quarter of the year. The group last week published MTN Nigeria’s first quarter financial results ahead of the planned initial public... 

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... 

GoMetro signs global distribution deal to Improve the Way every City Moves

By: Creamer Media Reporter      16th May 2018 Whether you’re in Ghana where the trotos’s are, on a jitney in the Philippines or in a sometimes ironically named ‘car rapide’ in Senegal, there’s no escaping the fact that informal transport exists in every major city in the world. Even more intriguingly, the innovation and agility displayed in... 

Group Five secures R650m in bridge funding

By: Irma Venter     16th May 2018 JSE-listed construction company Group Five has secured R650-million in short-term bridge funding. The company said on Wednesday that it had also entered a creditors standstill agreement with regards to the secured short-term bridge funding. 

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... 

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... 

A-OSH EXPO 2018 exhibitors gearing up for show

11th May 2018 As the continent’s leading occupational health and safety (OHS) show draws closer, it’s all systems go for this year’s exhibitors as they work on the finishing touches for their stands and marketing plans. Whatever your interest in the OHS arena, there is something for everyone at A-OSH EXPO... 

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... 

Rocketmine

11th May 2018 A small South African born company, drone service provider Rocketmine, has become a drone data service giant in a short space of time. Rocketmine started as a small team that identified a gap in the mining market in 2012. Founding member and MD Christopher Clark has a passion for using technology... 

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... 

Ghana mulls shake-up of mining policy in bid to boost income

By: Bloomberg     9th May 2018 Ghana is benefiting little from its mineral wealth and needs a review of its mining code and tax policies, said Vice President Mahamudu Bawumia. While the West African nation holds a 10% stake in most mines in the country, it has earned almost nothing in dividends since 2012, rendering the... 

IMF warns of rising African debt despite faster economic growth

By: Reuters     8th May 2018 Sub-Saharan African nations are at growing risk of debt distress because of heavy borrowing and gaping deficits, despite an overall uptick in economic growth, the International Monetary Fund (IMF) warned on Tuesday. The sober assessment comes as African countries continue to tap international... 

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... 

Economist predicts growth for African countries

By: Marleny Arnoldi     4th May 2018 The tide has turned for many African countries in terms of growth, says Citibank Africa economist David Cowan.  

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... 

Company to address water investment and tech advances at AUW

By: Melissa Zisengwe     4th May 2018 State-owned Ghana Water Company chief technology and innovation manager Richard Otoo will highlight the importance of water management as well as the impact of technology on a utility company in transition during African Utility Week (AUW). The conference will focus on the increasing need for... 

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... 

Exclusive CEO Forum to discuss utilities transformation at AUW

By: Melissa Zisengwe     4th May 2018 CEOs from Africa will meet at the Pan-African Utility CEO Forum to discuss pertinent issues affecting the power, energy and water sectors. The Forum at African Utility Week (AUW), taking place from 15 to 17 May, is the largest of the five forums and is the meeting place for CEOs from across the... 

UK enters financial cooperation and development partnerships with African States

By: Rebecca Campbell     4th May 2018 The Bank of England, the South African Reserve Bank, the Bank of Ghana and the Bank of Sierra Leone (the last two being their countries’ central banks) have entered into a partnership to share their expertise, improve regulation and decrease the risks of banks failing in their respective... 

A monarch’s costly whim

By: Martin Zhuwakinyu     4th May 2018 It is safe to say that many readers of this column now know that what used to be the Kingdom of Swaziland is now the Kingdom of eSwatini, which means ‘the place of the Swati people’. The name change, announced by King Mswati III last month, during celebrations to mark 50 years of independence... 

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... 

MTN’s subscriber base, revenue grow in Q1

By: Marleny Arnoldi     3rd May 2018 Mobile network operator MTN’s subscribers increased by 1.9% quarter-on-quarter with net additions of 4.1-million in the first quarter of this year, while active MTN mobile money users increased by 3.9% quarter-on-quarter to 22.7-million.  

Gold Fields lowers South Deep’s FY guidance after below-expectation Q1 performance

By: Marleny Arnoldi     25th April 2018 A below expectation performance at its South Deep mine, in Johannesburg, contributed to a 1% year-on-year and a 10% quarter-on-quarter decrease in Gold Fields’ output for the quarter ended March 31. Production for the quarter was 490 000 oz. 

Goldplat increases gold equivalent sales

By: Nadine James     24th April 2018 Aim-listed Goldplat sold and transferred 28 534 gold-equivalent ounces during the nine months ended March 31, compared with the 27 714 oz sold and transferred in the nine months to March 31, 2017. Gold-equivalent production for the nine months under review, however, decreased to 27 212 oz,... 

South African air traffic controller elected VP of global ATC representative body

By: Rebecca Campbell     23rd April 2018 Air Traffic and Navigation Services, the State-owned company that is responsible for South Africa’s air traffic management, announced on Sunday that its Area Radar Controller at OR Tambo International Airport (Johannesburg), Peter van Rooyen, had been elected Executive VP of the International... 

IronRidge secures additional exploration rights

By: Marleny Arnoldi     20th April 2018 Aim-listed IronRidge Resources’ joint venture (JV) with Joy Transporters over the Saltpond and Cape Coast projects, in Ghana, has been finalised.  

Asanko mine performs ahead of LoM plan in Q1

By: Simone Liedtke     19th April 2018 Gold miner Asanko Gold’s Asanko mine, in Ghana, performed ahead of the optimised life-of-mine (LoM) plan during the first quarter ended March 31. The mine performed exceptionally well, said Asanko president and CEO Peter Breese, who noted that it is also ahead of plan on the key metrics of gold... 

Ramaphosa's plan to attract R1.2tr in investment marks potential new dawn 

By: News24Wire      18th April 2018 President Cyril Ramaphosa’s plan to raise over R1-trillion in new foreign investment has been hailed by economists as the beginning of a “new dawn” for South Africa after years of low growth and policy uncertainty. On Monday, Ramaphosa announced that South Africa will later this year host a major... 

IronRidge to start drilling at Ghana lithium deposit

By: Marleny Arnoldi     17th April 2018 Aim-listed IronRidge Resource has received the necessary approvals and earthworks have started for drill access and drill pads over its Ewoyaa pegmatite deposit, in Ghana.  

Perseus' production surges on Sissingue start

By: Esmarie Swanepoel     16th April 2018 Gold miner Perseus Mining has reported a surge in production for the three months to March after the Sissingue gold mine, in Cote d’Ivoire, started production in January. The Sissingue gold mine reached commercial production at the end of March. 

AngloGold’s Venkat resigns to take top job at Vedanta Resources

By: Marleny Arnoldi     16th April 2018 Srinivasan Venkatakrishan (Venkat) will step down as CEO of gold miner AngloGold Ashanti on August 31 to take up the CEO position at diversified miner Vedanta Resources.  

Grit buys Mozambique property from Tradehold

By: Anine Kilian     13th April 2018 JSE-listed Grit Real Estate and Tradehold on Friday announced a $23-million Mozambique property transaction in which Grit would buy an A-grade corporate residential complex, known as Acacia Estate, in Maputo, from Tradehold. Grit has signed an agreement with Tradehold Africa, TC Maputo, Cognis 1... 

SAA must look to Ethiopian Airlines

By: Martin Zhuwakinyu     13th April 2018 Late last month, the top brass at South African Airways (SAA) was in the National Assembly, briefing Parliamentarians about the perennial ills at the national carrier. New CEO Vuyani Jarana, who, together with board chairperson Johannes Magwaza, led the delegation, painted a rather depressing... 

Group Five to sell majority stake in SA construction business as losses mount

By: Irma Venter     12th April 2018 Group Five will soon become a minority shareholder in its construction business in South Africa, says CEO Themba Mosai. Speaking on Thursday in Johannesburg at the company’s interim results, he noted that Group Five targeted the sale of 51% of its South African construction business to an... 

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