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Gold Fields advances projects to ‘underwrite a better future’

By: Simone Liedtke     17th August 2018 NYSE- and JSE-listed Gold Fields aims to continue building new projects that will “underwrite a better future for [the miner] in terms of a longer life at lower costs”. This, CEO Nick Holland said during a conference call on Thursday, is particularly important, given the volatility of the gold... 

Gold Fields remains in ‘strong’ financial position, despite $367m loss, says Holland

By: Simone Liedtke     16th August 2018 Despite attributable losses from continuing operations for the six-month period ended June 30, of $367-million or $0.45 a share, CEO Nick Holland maintains that the NYSE- and JSE-listed Gold Fields remains in a strong financial position. Holland further noted on Thursday that the integrity of the... 

Ghana President to address delegates at Mining Indaba 2019

By: Marleny Arnoldi     15th August 2018 Ghana President Nana Akufo-Addo will speak at the 2019 Investing in African Mining Indaba, which will be held at the Cape Town International Convention Centre from February 4 to 7. Ghana is considered one of the major mining centres on the African continent; therefore, with Akufo-Addo speaking,... 

Minister decries Gold Fields’ job-cut plan at cash-burning South Deep

By: Martin Creamer     14th August 2018 They say South Deep will be the last gold mine standing, but every report coming out of it indicates that it is an extremely hard nut to crack, with production hopelessly below guidance. Since 2006, Gold Fields has pumped R32-billion into South Deep without even breaking even, let alone making a... 

Industry provider to expand African footprint

By: Tasneem Bulbulia     10th August 2018 With many emerging and developing industries in Africa, as well as greater awareness of environmental issues and concerns, instrumentation manufacturer E Instruments regards the continent as an area of growth for its business. E Instruments product manager Bill Freed tells Engineering News that... 

MICROMINE Africa showcases its solutions at WAMPEX 2018 in Ghana

8th August 2018 Leading mining software solutions and services provider MICROMINE Africa attended the West African Mining & Power Expo (WAMPEX) at the Accra International Convention Centre in Ghana from 30 May to 1 June. WAMPEX is a major expo in the region, attracting over 1 400 industry professionals from over... 

MTN posts lower H1 profits, reports improved operational performance

By: Natasha Odendaal     8th August 2018 Telecommunications giant MTN on Wednesday posted improved financial results on a constant currency basis for the first half of 2018, with growth achieved in service revenue and an increase in margins on earnings before interest, taxes, depreciation and amortisation (Ebitda). For the six months... 

AB InBev to build new brewery in fast-growing Mozambique

By: Reuters     8th August 2018 Anheuser-Busch InBev, the world's biggest brewer, will start building a more than two-million hectolitre a year brewery in Mozambique in the second half of next year, the company's Africa head said on Tuesday. The Mozambique investment will look to fend off competition from rival Heineken, which... 

Ghanaian President sacks Energy Minister, gives no reason

By: Reuters     7th August 2018 Ghanaian President Nana Akufo-Addo sacked Energy Minister Boakye Agyarko on Monday, a statement from the presidency said, giving no official reason. Press reports said Agyarko was removed because Akufo-Addo was unhappy with his handling of an agreement to extend an existing five-year deal with... 

‘Solid’ safety: Vital Engineering’s solid forged handrails and stair tread nosing – safety assured for the local and pan-African mining sector

7th August 2018 Mining is a primary creator of wealth and employment, and, as such, places demands on the people and equipment employed this all-important sector. To keep mines operating efficiently, quick, safe access to areas such as minerals processing plants is essential. Founded in 1939, Vital Engineering... 

Erudite adopts a fresh approach to transformation 

By: Nadine James     3rd August 2018 Becoming a sustainable and relevant mining industry service provider requires a genuine effort to meet and address issues of localisation and transformation, while fostering local partnerships to develop extractive projects in African countries, suggests engineering, procurement and construction... 

Agreement stokes West African renewable-energy market

By: Schalk Burger     3rd August 2018 German solar mounting company Schletter Group has signed a wholesale agreement with steel manufacturer Sparkwest Steel Industries, which will exclusively market Schletter open-area and rooftop systems in Nigeria. Sparkwest Steel will also act as wholesale dealer for the Schletter Group in a... 

La Mancha buys 30% stake in Golden Star for $126m

By: Creamer Media Reporter      2nd August 2018 Private gold investment company La Mancha Holding, which is chaired by Naguib Sawiris, will acquire a 30% stake in TSX-listed Golden Star Resources for $125.7-million. Golden Star owns the Wassa and Prestea underground mines, in Ghana. 

Gold Fields completes acquisition of stake in Asanko mine

By: Anine Kilian     31st July 2018 JSE-listed Gold Fields has completed a joint venture (JV) transaction with Asanko Gold, giving it a 50% stake in Asanko’s 90% interest in the Asanko gold mine, in Ghana. “The closing of the transaction with Asanko gives us exposure to a great camp, with long-life, low-cost production, with... 

Cardinal finds funding for Namindi studies

By: Esmarie Swanepoel     31st July 2018 ASX-listed Cardinal Resources has signed a $25-million term sheet with Sprott Private Resource Lending for working capital and funding to complete preliminary and definitive feasibility studies at the Namindi gold project, in Ghana. Cardinal on Tuesday told shareholders that the loan facility... 

Goldplat FY18 financials expected to be in line with market expectations

By: Simone Liedtke     30th July 2018 Aim-listed gold producer Goldplat expects its consolidated profit, before tax, for the financial year ended June 30, to be in line with market expectations, despite Kilimapesa Gold (KPG) having experienced a poor final quarter financially. While Kilimapesa Plant 1 was shut down during the final... 

Natural gas vital for S Africa’s energy security

By: Melissa Zisengwe     27th July 2018 The energy sector’s global and inclusive forum for engagement, the Energy Council, believes that South Africa’s Gas-to-Power programme is vital to ensuring energy security for the country. Consequently, the Energy Council regularly engages with the Department of Energy (DoE) to see how the... 

Newmont buys 50% of large Canada copper/gold project, forges partnership with Teck

By: Mariaan Webb     26th July 2018 Gold major Newmont on Thursday announced that it would pay $275-million for a 50% interest in the Galore Creek project, which with resources of eight-million ounces of gold and nine-billion pounds of copper is one of the world’s largest undeveloped projects of its kind. Newmont is buying half of... 

MeerKAT radio telescope inaugurated as precursor to larger SKA project 

26th July 2018 After a decade in design and construction, the MeerKAT radio telescope, which is located about 90km from Carnarvon in the Northern Cape, was inaugurated earlier this month. Simone Liedtke tells us a bit more about this step towards building an international enterprise. 

SASSDA boosts stainless steel trade with Kenya & Tanzania

25th July 2018 With the priority of fast industrialisation and a call for the development of stainless steel value-add within the agricultural and food and beverage industries, Tanzania and Kenya are primed for increased bilateral trade with South Africa, with confirmed sourcing enquiries already received at... 

BioTherm reaches financial close on four renewables projects

By: Creamer Media Reporter      25th July 2018 African renewable energy development platform and power producer BioTherm Energy has reached financial close on a 284 MW portfolio of wind and solar projects in South Africa as part of the fourth round of the South African Renewable Energy Independent Power Producer Procurement Programme. The... 

AngloGold says there's no escaping demise of South African gold

By: Bloomberg     23rd July 2018 South Africa’s gold industry, once the world’s largest, faces an inevitable decline, according to the chairperson of the country’s biggest producer of the metal by market value. Output will continue to shrink as miners chase ever-deeper ore bodies while struggling to keep costs down, said... 

Securex South Africa sees record-breaking 25th year

23rd July 2018 Securex South Africa reinforced its reputation as Africa’s leading security and fire trade exhibition this year, with its 25th anniversary show delighting visitors and exhibitors alike. The expo, which took place recently at Gallagher Convention Centre in Johannesburg, was once again co-located... 

Dagga: a budding opportunity

By: Martin Zhuwakinyu     20th July 2018 First, a disclaimer: I am of very sober habits and this week’s topic – the apparent desire by many on our continent to embrace the cannabis business – is not at all indicative of my recreational preference. I am also not a closet Rastafarian. The latest country to hop on the cannabis bandwagon is... 

Tullow Oil to shoulder Kosmos' $65m burden over Ghana rig dispute

By: Reuters     18th July 2018 Britain's Tullow Oil has to cough up around $65-million for Kosmos Energy's share and legal fees over a cancelled rig contract in Ghana, the companies said on Wednesday. A London judge had ordered Tullow this month to pay rig owner Seadrill around $254-million, saying Tullow was wrong to end the... 

Ethekwini Municipality Supports Intra-African Chemicals Trade

18th July 2018 Durban to Host African Chemicals Imbizo 2018 The recent signing of commitment to the African Continent Free Trade Area (AfCTA) by 27 African states creates significant opportunity for stronger intra-Africa trade and regional integration. Intra-Africa trade is seen as one of the ways in which the... 

Transnet Pipelines unveils new national operating centre

By: Shirley le Guern     13th July 2018 A new national operating centre (NOC) that will serve as a nerve centre for Transnet Pipelines (TPL) and its 3 800 km underground national pipeline network was officially opened in Durban on Friday. Up until now, the control centre was based at TPL’s head office in the Durban central business... 

Gauteng Company Hopes To Expand Market To Angola

13th July 2018 A Gauteng civil and structural consulting engineering company is looking forward to expanding its customer base when they participate in the Trade and Investment Mission to Angola that will take place from 16-21 July 2018. The mission will be led by the Deputy Minister of Trade and Industry, Mr... 

Perseus sets conservative target for 2019

By: Esmarie Swanepoel     13th July 2018 Dual listed Perseus Mining has set a production target of between 130 000 oz and 150 000 oz for the next six months to December, following a strong June quarter and full year. The miner said on Friday that based on actual operation performances at both its Edikan and Sissingue mines, in Ghana... 

Resolute secures key permit to turn Bibiani back on

By: Esmarie Swanepoel     13th July 2018 Gold miner Resolute Mining is expected to make a final investment decision on the Bibiani underground mine, in Ghana, in 2019, the company said on Friday, announcing that it had received an environmental permit authorisation to recommission the mine and processing plant. Resolute said on Friday... 

Coal to remain a significant energy source for decades – WCA

By: Nadine James     13th July 2018 Coal will remain a vital growth enabler and source of energy for decades to come, says World Coal Association CEO Benjamin Sporton. He notes that demand for coal will remain stable to positive, as a result of increased industrialisation and electrification, especially in Africa and South-East Asia. 

Mining can be a major driver of development in poor countries – ICMM

By: Marleny Arnoldi     10th July 2018 The lives of people living in countries whose economies are dependent on mining have, on average, improved faster than those of people in other countries over the past 20 years, a report by the International Council of Mining and Metals (ICMM) has found.  

New shaft at GoldStone’s Akrokeri will allow access to historic high-grade gold mine

By: Simone Liedtke     10th July 2018 A new shaft is being sunk at Aim-listed GoldStone Resources’ Akrokeri-Homase gold project (AKHM), in Ghana, to a target depth of 30 m. The Norton shaft will allow access to the historic high-grade Akrokeri underground gold mine, one of two previously producing operations at AKHM, to enable the... 

On-The-Air (06/07/2018) 

By: Martin Creamer     6th July 2018 Black-controlled mining company Exxaro has hit the high spots with the introduction of South Africa’s first ‘smart’ mine. A strongly black-empowered mining company is taking steps to raise money in London for its modern new phosphates operation in the Western Cape. The Bafokeng community is... 

Seifsa expects 1.7% expansion in local steel industry

By: Erin Steenhoff-Snethlage     6th July 2018 Following its initial forecast of a 1.1% expansion of the metals and engineering cluster at the beginning of the year, the Steel and Engineering Industries Federation of Southern Africa (Seifsa) says upon review, preliminary data now suggest a 1.6% expansion of the sector, with all sub-industries... 

Russian nuclear group further develops cooperation with Africa

By: Rebecca Campbell     6th July 2018 Russian State-owned nuclear group Rosatom has announced that it has signed a Memorandum of Understanding (MoU) with the Ministry of Infrastructure of Rwanda. The MoU covers cooperation in the peaceful uses of nuclear energy. This is the first agreement between the two countries regarding the... 

Kropz eyeing dual listing

By: Martin Creamer     4th July 2018 Emerging plant nutrient producer Kropz is eyeing a dual listing on the Johannesburg Securities Exchange in addition to seeking admission to trade on the Aim in London, where it intends raising equity capital to fund the completion of its advanced-stage phosphates project in South Africa, cut debt... 

Côte d'Ivoire eyes biomass power generation from cocoa waste

By: Reuters     3rd July 2018 The world's top cocoa producer Côte d'Ivoire plans to build a 60 MW to 70 MW capacity biomass power generation plant running on waste from cocoa pods, part of its aim of developing 424 MW of biomass power generation capacity by 2030. The plant, which will enable Côte d'Ivoire to diversify its... 

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