R/€ = 14.79 Change: -0.03
R/$ = 12.00 Change: -0.03
Au 1342.40 $/oz Change: -10.39
Pt 931.00 $/oz Change: -19.81


AECOM provides social services for Malawi graphite project

     11th April 2018 Integrated infrastructure delivery company AECOM produced the winning bid for social services for Sovereign Metals’ Malingunde graphite project in the Lilongwe District in Malawi. AECOM received a request for proposal from Sovereign Metals’ Environmental Assessment Practitioner (EAP), Dhamana... 

Construction set to begin on ‘flagship’ 40 MW Moz solar project

By: Terence Creamer     28th March 2018 Oslo-listed renewable-energy developer Scatec Solar, which has its African regional hub in Cape Town, South Africa, expects to begin constructing a 40 MW solar photovoltaic (PV) project in Mozambique in the coming weeks after the project reached financial close in early March. GM and VP for... 

Tè Power starts construction on $121m Guinea IPP project

By: Marleny Arnoldi     28th March 2018 Guinea-based special purpose company Tè Power Company, which is sponsored by Africa-focused energy project developer Endeavour Energy, has reached financial close and started construction on the $121-million Tè Power Plant project – a 50 MW greenfield thermal power plant in Conakry, Guinea.  

Helios scraps listing plans

By: Natasha Odendaal     23rd March 2018 Sub-Saharan Africa-focused telecommunications tower operator Helios Towers has scrapped plans for a main listing on the LSE and a secondary inward listing on the main board of the JSE after shareholders scuppered the plans. Earlier in March, the tower operator outlined its intention of listing,... 

WSP achieves EDGE Preliminary Certification for Balwin’s Polo Fields

     27th February 2018 WSP in Africa, one of the largest multi-disciplinary engineering consultancies on the continent, has achieved an EDGE Preliminary Certification for the new Balwin Properties residential apartments project, The Polo Fields; setting a benchmark for sustainable residential developments of the future... 

Kibaran eager to engage Tanzania’s new Minerals Commission

By: Natasha Odendaal     23rd February 2018 ASX-listed Kibaran Resources stands ready to present its Epanko graphite project to Tanzania’s yet-to-be-established Minerals Commission to start discussions over “silent” matters and the impact on the proposed Epanko debt financing arrangements. Kibaran said it had reviewed the mining... 

Many big new copper mines likely to be needed – Anglo

By: Martin Creamer     6th February 2018 Based on two relatively moderate and reasonable growth assumptions, the world will need the equivalent of another 22 Collahuasi copper mines to meet expected copper demand by 2030, Anglo American base metals marketing head Alex Schmitt said on Tuesday. Collahuasi, which Schmitt described as the... 

PPC reschedules DRC cement plant debt

By: Megan van Wyngaardt     19th January 2018 Construction materials provider PPC has further improved its liquidity position by finalising a capital repayment moratorium with funders of the group’s Democratic Republic of Congo (DRC) operation, limiting PPC’s capital requirements to only interest payments from January this year to January... 

Africa’s industrialisation needs to be more focused, unrushed – panel

By: Natasha Odendaal     18th January 2018 While there is some momentum in industrialisation efforts across Africa, a panel of industry participants have cautioned against a knee-jerk reaction that could fragment or overwhelm capacities on the continent. Industrialisation on the continent has historically lagged that of the rest of the... 

CTRG reaches financial close with lenders

By: Creamer Media Reporter      17th January 2018 Mozambique-based Central Térmica de Ressano Garcia (CTRG), a joint venture between Sasol Energy and Electricidade de Moçambique (EDM) has reached financial close on a $189-million project finance transaction with its lenders. CTRG, in which EDM holds a 51% stake and Sasol Energy the balance,... 

Solar steam powers homes – and new jobs – in South Africa

By: Reuters     12th January 2018 South Africa may still get most of its energy from coal, but in the country’s sunny Northern Cape province, a different electricity source is taking hold: solar steam. A Spanish renewable energy company has opened three thermal solar plants – which use the sun’s heat to create electricity - in... 

Lemur appoints owner’s engineer, technical advisers for Imaloto BFS

By: Mia Breytenbach     17th November 2017 Aim-listed Bushveld Minerals’ Lemur Resources subsidiary, which is developing an integrated thermal coal mining and independent power producer asset in Madagascar, has appointed an owner’s engineer and technical advisers for  the bankable feasibility study (BFS) for the Imaloto power project.... 

Reforms, business models key to unlocking private sector investment for climate change – IFC

By: Natasha Odendaal     2nd November 2017 Smart policy reforms and innovative business models can unlock the trillions of dollars in private investment that is needed to ensure Africa meets its climate targets as agreed to in the landmark Paris Agreement. The private sector, boasting innovation, the financing and resources, is considered... 

Loeriesfontein Wind Farm connected to grid

     27th October 2017 Loeriesfontein Wind Farm as well as Khobab Wind Farm, both located in the Northern Cape, are now connected to State-owned power utility Eskom’s grid, through Eskom’s Helios substation and the commissioning of wind turbines has started. “We energised the wind farm substations with Eskom... 

IFC backs BMW’s R6bn Rosslyn investment

By: Irma Venter     6th October 2017 The International Finance Corporation (IFC), a member of the World Bank, will assist in financing BMW Group South Africa’s (BMW SA’s) R6-billion investment in its Rosslyn plant, set to produce the new BMW X3. The $150 million loan comes as South Africa “seeks new sources of economic growth after... 

Kibaran finds eco-friendly process at Epanko

By: Esmarie Swanepoel     26th September 2017 Graphite developer Kibaran Resources has produced battery-grade graphite at its Epanko project, in Tanzania, using a graphite purification method that is considered environmentally friendly. The ASX-listed company told shareholders this week that the new process used simple acids that were... 

Giant miner vies with Google, GE, for hires amid automation push

By: Bloomberg     22nd September 2017 Rio Tinto, the world’s second-largest mining company, is focused as much on driver-less trucks and automated drills as conventional shovels and loaders these days. That means it needs a whole lot more high-tech workers. The London-based company is stepping up efforts to lure engineers and... 

IFC provides $150m loan to assist BMW SA’s production plans

By: Irma Venter     20th September 2017 The International Finance Corporation (IFC), a member of the World Bank, will assist in financing BMW Group South Africa’s (BMW SA’s) R6-billion investment in its Rosslyn plant, set to produce the new BMW X3. The $150 million loan comes as South Africa “seeks new sources of economic growth after... 

Nachtigal Amont hydropower project, Cameroon

By: Sheila Barradas     1st September 2017 The project will harness the potential of hydroelectric power in the Sanaga river basin. 

EDGE certification system to boost residential green building investment

By: Natasha Odendaal     11th August 2017 The innovation that has been working quietly in the background for some years aiding the cost-effective, simple and fast certification of the residential green building sector was profiled at Drivelines Studios, on Friday. In a breakthrough in the South African market, Edge, an International... 

Tiger secures senior finance facility repayment extension

By: Creamer Media Reporter      10th April 2017 ASX-listed Tiger Resources has secured an extension for the first repayments on its $162.5-million senior financing facility. Taurus Mining Finance Fund, Resource Capital Fund and the International Finance Corporation have agreed to extend the date for payment of the first scheduled repayment... 

Zambia agreement seen paving way for further solar power solutions

By: Dylan Slater     17th March 2017 The government of Zambia last month signed a second mandate with Scaling Solar, an initiative of the World Bank Group, which is helping developing countries procure low-cost, privately financed, solar power.  

Tobene power plant expansion project, Senegal

By: Sheila Barradas     17th March 2017 The project will entail the conversion of the plant from a heavy fuel oil-fired power plant to a gas-fired power plant. 

Mali to build $25m solar plant with loan from AfDB

By: Megan van Wyngaardt     8th March 2017 Mali’s first utility-scale solar photovoltaic (PV) power plant, the 33 MW Segou project, which will be built at a cost of $25-million. The project will increase the country¹s installed capacity from renewable resources and will generate 52.7 GWh/y, or about 10% of current generation capacity,... 

Santana Neiva 4G project, Colombia

By: Sheila Barradas     3rd March 2017 The Santana Neiva 4G project is a 25- to 29-year public–private concession for the construction, upgrade, rehabilitation, operation and maintenance of the 456 km existing corridor connecting Santana, Mocoa and Neiva.  

Expansion project to support economy and create job opportunities

By: Simone Liedtke     17th February 2017 Professional and technical services firm AECOM will oversee the construction of the Tema Port expansion project in Ghana for Meridian Port Services (MPS), operator of the container terminal at the existing adjacent port. The project is scheduled for completion in the fourth quarter of 2019. 

MTN simplifies tower ownership structure

By: Megan van Wyngaardt     1st February 2017 Telecommunications giant MTN Group will exchange its 51% interest in Nigeria Tower InterCo, the parent company of INT Towers, the Nigerian telecoms tower operator, for an additional shareholding in IHS Holding. As a result, MTN’s economic interest in IHS Group will increase from 15% to 29%, with... 

Newmont expects to book significant Q4 impairment charge as Yanacocha closure costs rise

By: Henry Lazenby     14th December 2016 US gold major Newmont Mining said Tuesday it expected to book a noncash impairment charge of between $1-billion and $1.2-billion during the fourth quarter owing to rising costs related to the closure plan of its Yanacocha mine, in Peru. In a filing with the US Securities and Exchange Commission,... 

Debt capital markets in Africa remain resilient, says Standard Bank

By: Megan van Wyngaardt     1st December 2016 A review of the continent’s activity in debt capital markets by financial services provider Standard Bank reveals continued growth in issuance, including the evolution of new asset classes, which speak well to both the resilience and future growth prospects of Africa’s debt capital markets. Debt... 

Rio Tinto offered bribe for iron mine, former Guinea official says

By: Bloomberg     18th November 2016 A Rio Tinto Group executive asked how big a bribe it would take to beat out a competitor for a hotly contested iron ore deposit in Guinea, the country’s a former mining minister said, adding a new accusation of graft just days after the world’s second-biggest miner fired two of its top executives... 

IFC study finds climate pact helped open up $23tn in emerging market opportunities

By: Creamer Media Reporter      8th November 2016 A study released on Tuesday by the International Finance Corporation (IFC), a member of World Bank Group, shows that the historic global agreement on climate change adopted in Paris last year helped open up nearly $23-trillion in opportunities for climate-smart investments in emerging markets... 

BHP backs bond to help limit deforestation

By: Esmarie Swanepoel     1st November 2016 Mining major BHP Billiton has thrown its weight behind the Forest Bond, designed to reduce deforestation and stimulate investment in low-carbon development. The Forest Bond, issued by the International Finance Corporation, raised $152-million from institutional investors, and is listed on the... 

Rio to sell Simandou stake to Chinalco

By: Megan van Wyngaardt     28th October 2016 Diversified major Rio Tinto has signed a nonbinding agreement to sell its stake in the massive Simandou iron-ore project, in Guinea, to Chinese company Chinalco. Under the terms of the deal, Rio Tinto will receive payment of $1.1-billion to $1.3-billion, based on the timing of the development of... 

100 MW power purchase agreement signed in Nairobi

     28th October 2016 In June energy company Kipeto Energy’s (KEL’s) Kipeto wind power project came one step closer to delivering additional clean energy to the people of Kenya following an announcement that it has formally signed a 20-year purchase power agreement with Kenyan power utility Kenya Power. This... 

Segou Solaire solar photovoltaic power project, Mali

By: Sheila Barradas     28th October 2016 The project involves the construction of a 33 MW solar power plant. 

Kefi advances talks with govt for Tulu Kapi’s development

By: Natasha Odendaal     25th October 2016 Aim-listed Kefi Minerals on Tuesday said progress is being made in ongoing discussions with Ethiopia’s government and development bank as work advanced on its flagship Tulu Kapi gold project. Negotiations with the Development Bank of Ethiopia, which this year completed an evaluation process of... 

India’s Mines Ministry mulling over funding options for exploration projects

By: Ajoy K Das     10th October 2016 India’s Mines Ministry is studying funding options to help government-owned and -operated mining and mineral companies to step up their exploration efforts in a bid to increase the sector’s contribution to gross domestic product from 1% to 2%. A senior government official has said that most... 

Global investors show interest in gas-to-power programme 

By: Kim Cloete     4th October 2016 Investors from around the world, including the US, Japan, Spain, South Korea and China, among others, have met in Cape Town this week to hear more about plans for South Africa’s gas-to-power programme. A preliminary information memorandum (PIM), which establishes the scope of the Liquefied... 

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