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SA’s not-so-impressive showing in the governance stakes

     8th December 2017 South Africa is a force to be reckoned with in Africa. It is one of the continent’s powerhouses – politically and economically – with its gross domestic product (GDP) being the largest, although it had to contend with being second best to Nigeria in the GDP stakes between 2014, when the latter... 

Phase angles

By: Terry Mackenzie-hoy     8th December 2017 I was in a courtroom the other day and the public prosecutor was asking questions . Unfortunately they were not engineering questions and I am an engineer. Thus, I did not understand the questions or why they were being asked. As a true engineer, I would say, "Ah, if you mean . . .", and I would... 

Xtract announces enhanced terms for Manica gold project

By: Anine Kilian     7th December 2017 Aim-listed Xtract Resources’ Mozambique subsidiary Explorator has negotiated enhanced terms for the exploration of alluvial gold deposits in the western portion of its Manica mining concession, in Mozambique, the company announced on Thursday. Explorator initially concluded mining contractor... 

Pallinghurst targets London, okays share buyback, halves executive pay

By: Martin Creamer     7th December 2017 Diversified mining and marketing company Pallinghurst, which has moved fast to stabilise the now-integrated coloured gemstone acquisition, is initiating a listing on the main board of the London Stock Exchange, going ahead immediately with a share buyback programme and benefitting from executive... 

Vivo to gain 300 stations in 9 African countries in Engen share transaction

By: Schalk Burger     5th December 2017 Petroleum and energy company Vivo Energy, which represents oil multinational Shell’s brand of fuels and lubricants in Africa, will gain 300 service stations across nine African countries after it agreed to buys shares in oil multinational Engen International Holdings from Engen Holdings in... 

Africans must drive African trade – Zuma

By: African News Agency      5th December 2017 President Jacob Zuma has said that Africa needs to develop its manufacturing capabilities, achieve industrialisation and drive intra-African trade to reverse the continental trend of exporting raw materials and importing finished goods. Zuma was speaking at the inaugural African Terminal... 

Heineken to open $100m brewery in Mozambique in 2019

By: Reuters     4th December 2017 Heineken will open a $100-million brewery in Mozambique, its first production facility in the southern African nation, the brewer said on Monday. The world's second-largest brewer plans to start production at the 0.8-million hectoliters capacity plant in the capital Maputo in the first half of... 

Rio picks Thompson for chairperson as investors target discipline

By: Bloomberg     4th December 2017 Rio Tinto named industry veteran Simon Thompson as chairman after shareholders rejected a plan to install a renowned dealmaker -- reinforcing an industry-wide investor drive for higher returns and caution over project spending. Thompson, 58, a Rio director since 2014 and previously an executive... 

Battery Minerals prepares for Montepuez development

By: Natasha Odendaal     1st December 2017 ASX-listed Battery Minerals is gearing up to start the development of its Montepuez graphite project, in Mozambique, following its $20-million over-subscribed capital raising, the appointment of the lead design engineer and ordering of the primary crusher. Battery Minerals is progressing its... 

Exports could ease Eskom’s debt pressure

By: Creamer Media Reporter      1st December 2017 By Jason Mann and Victoria Barr Recent reports have highlighted the many challenges facing State-owned electricity utility Eskom, including difficulties in continuing to service its debt. 

Large companies driving increase in land contamination assessments

By: Simone Liedtke     1st December 2017 With there being an increase in land-contamination assessments among large companies owing to recently promulgated environmental legislation, sustainability services and consultancy Environmental Resources Management (ERM) partner Steve McKeown says this will hold companies accountable for the... 

Ancuabe graphite project’s mineral resources increases by 59%

By: Megan van Wyngaardt     30th November 2017 The mineral resource at ASX-listed Triton Minerals’ Ancuabe graphite project, in Mozambique, has increased by 59% to 44-million tonnes, at an average grade of 6.6% total graphitic content (TGC). This follows a “highly successful” exploration and resource definition drilling campaign undertaken... 

Premium German anchoring systems available locally

     30th November 2017 Some of the most technically-advanced anchoring system solutions in the world are being made available to the local construction and allied industries by leading distributor Upat in Johannesburg. Established in 1983, one of the sole distributorships that Upat prides itself on is, fischer from... 

Crookes Brothers profits down on lower sugar cane revenue

By: African News Agency      29th November 2017 Agricultural firm Crookes Brothers said on Wednesday its after-tax profit decreased by 70.5% to R26.4 million in the six months ended September 2017, driven down by a decline in sugar cane revenue in the aftermath of drought. Crookes however said it expected results for the full year to March... 

Africa Energy Indaba announces a strategic partnership

     29th November 2017 The Africa Energy Indaba is pleased to announce a strategic partnership with the South African Electrotechnical Export Council (SAEEC) to grow and develop the African Energy Sector with the SAEEC Member Companies.   The South African Electrotechnical Export Council (SAEEC) is a Public Private... 

Vale, partner Mitsui ink $2.7bn Nacala coal corridor funding

By: Henry Lazenby     28th November 2017 Brazil’s largest diversified miner Vale has announced that it, together with its Japanese partner Mitsui & Co, has signed a $2.73-billion funding deal to finance the Nacala Logistics Corridor (NLC), that will connect the Mozambique-based Moatize coal mine, to the Nacala port. Vale said in a press... 

Triton shortlists two EPC contractors to spearhead Ancuabe construction

By: Samantha Herbst     27th November 2017 ASX-listed graphite developer Triton Minerals has shortlisted engineering, procurement and construction management (EPCM) companies Sinosteel Equipment & Engineering and MCC International as potential EPC contractors for its Mozambique-based Ancuabe graphite project. Triton announced on Monday... 

South32 okays R4.3bn project, eyes JSE for rejigged energy coal 

By: Martin Creamer     27th November 2017 Diversified mining and metals company South32 on Monday approved the R4.3-billion, 20-year Klipspruit life extension project at South Africa Energy Coal (SAEC), and at the same time set out to turn its South African energy coal business into a standalone entity, earmarked for further empowerment... 

Growing domestic demand at heart of plan to create a million manufacturing jobs 

By: Terence Creamer     24th November 2017 The Manufacturing Circle released a plan on Friday outlining how South Africa could create a million jobs over a ten-year period through pursuing a series of reforms designed at stimulating demand for South African manufactured products and improving the investment climate. The 48-page document,... 

Power underpins wave of African industrialisation

     24th November 2017 Power is closely tied to a surge of new infrastructure projects and rapid industrialisation across Africa, with significant opportunities still open to the power sector, delegates heard at a briefing for key power sector stakeholders in Sandton this week. Infrastructure spend across Africa will... 

Syrah moves into operations at Mozambique mine

By: Mariaan Webb     24th November 2017 Australia-based Syrah Resources has produced its first saleable flake graphite from the Balama project, in Mozambique, and is now targeting production of 160 000 t to 180 000 t next year. The first bagged saleable flake graphite production was produced within an expected grade range of more than... 

Zimbabwe had been ripe for a military coup for a long time

By: Martin Zhuwakinyu     24th November 2017 The past few weeks have been hectic for Zimbabwe, our northern neighbour. Matters came to a head early this month, when Emmerson Mnangagwa was sacked as President Robert Mugabe’s joint number two in both government and the ruling Zanu-PF party, ostensibly for “disloyalty, disrespect,... 

South32 bullish on aluminium, manganese, energy coal prospects

By: Mia Breytenbach     23rd November 2017 With the price of various commodities having improved during the 2017 financial year, diversified miner South32 remains optimistic about the aluminium, manganese and energy coal sectors for the year ahead. “Manganese led the way [in terms of price increases], and metallurgical coal, energy coal,... 

Africa specialist punts local presence as key to capitalising as infrastructure spend set to boom

By: Megan van Wyngaardt     23rd November 2017 Through innovation in the energy sphere, Africa is slowly starting to overcome historical blockages that have prevented the continent from achieving economic growth and creating sustainable jobs, according to energy consultancy Africa House director Duncan Bonnett. Speaking at a PowerGen and... 

Sasol’s new strategy shuns GTL as specialty chemicals emerge as key growth driver

By: Terence Creamer     23rd November 2017 Chemicals and energy group Sasol is preparing to sell several assets, including its Canadian shale gas assets, following an overhaul of its corporate strategy, which eschews any further greenfield gas-to-liquids (GTL) investments in favour of smaller acquisitions and projects of between... 

Triton inches closer to opening Ancuabe graphite project

By: Megan van Wyngaardt     22nd November 2017 ASX-listed Triton Minerals has started the transition from explorer to developer with the submission by its subsidiary Grafex Limitada of its Mining concession application (MCA) to the Instituto Nacional de Minas (INAMI) for its large flake, high-purity Ancuabe graphite project in northern... 

Upat supplies best professional power-tool brand in the world

     20th November 2017 The most reliable and resilient professional power tools available on the market today are supplied locally by leading distributor Upat of Johannesburg. Established in 1924 in the US, Milwaukee is arguably the best power-tool brand in the world, according to Upat Product Specialist Werner Koch.... 

Savannah completes construction of Mutamba pilot plant, commissioning under way

By: Mia Breytenbach     20th November 2017 Aim-listed resource development company Savannah Resources has completed construction of the pilot plant for its bulk metallurgical test work programme at the Mutamba mineral sands project, in Mozambique. The Mutamba project, located in the Gaza and Inhambane provinces, is being developed in a... 

Students to benefit from 2018 bursary programme

By: Nadine James     17th November 2017 Having investigated the best possible means of aiding students, industry body Consulting Engineers South Africa (Cesa) has established a bursary fund, with a first intake of about 20 students expected for the 2018 academic year. Cesa CEO Chris Campbell explains that, previously many Cesa member... 

Xtract Resources raises £1.7m to pay debt, fund Manica opportunities

By: Megan van Wyngaardt     14th November 2017 Aim-listed Xtract Resources has conditionally raised £1.7-milion, before expenses, through the placement of 59.64-million new ordinary shares at 2.85p a share. The net proceeds from the placing will be used to pay off outstanding debt of £530 000 and to take advantage of commercial opportunities... 

Former Xstrata chief Davis eyed for Rio Tinto chairperson's job – FT

By: Reuters     14th November 2017 Rio Tinto investors gave a mixed reaction to a report that former senior mining executive Mick Davis, now chief executive of Britain's ruling Conservative Party, was well-placed to become the Anglo-Australian miner's next chairperson. The Financial Times newspaper reported late on Monday that... 

Vodacom’s M-Pesa ambitions heat up post Safaricom transaction

By: Natasha Odendaal     13th November 2017 Following the R35-billion acquisition of a 34.94% stake in Kenya’s largest telecoms group Safaricom, JSE-listed telecommunications giant Vodacom plans to drive the development of its newly revamped M-Pesa platform. Speaking at Vodacom’s interim results, in Midrand, on Monday, CEO Shameel Joosub... 

Tongaat Hulett lifts H1 earnings by 5%

By: Anine Kilian     13th November 2017 JSE-listed Tongaat Hulett’s headline earnings grew by nearly 5% year-on-year to R661-million for the six months ended September 30. Diluted headline earnings a share rose to 573.8c a share during the half year, compared with 546.7c in the prior comparable period. 

As Mozambique marks historic Cahora Bassa transfer, attention shifts to big capex plan

By: Terence Creamer     13th November 2017 Hidroelectrica Cahora Bassa (HCB), the Mozambique concession company which operates the Cahora Bassa dam and the 2 075 MW hydropower plant, is poised to move into a period of sustained investment, having settled all debt associated with the 2007 transfer of ownership of the scheme from Portugal... 

One of the world's biggest miners is about to go coal free

By: Bloomberg     10th November 2017 Just five years ago it would have been almost unthinkable that one of the world’s biggest mining companies would not dig any coal. It’s now likely to become a reality. Rio Tinto Group, the world’s second-largest miner, has been steadily backtracking from coal to focus on better assets. It’s now... 

Company expands fluid technology services

     10th November 2017 Industrial product supplier Bearing Man Group’s (BMG’s) strategy to enhance its fluid technology services to meet growing market demand, encompasses the introduction of new products, with the latest developments in design technologies, materials and coatings. The company’s extensive range of... 

Petrochemicals product supplier launches ball valve

     10th November 2017 Last month, multinational oil and gas product supplier Schlumberger announced the release of the GROVE IST integrated seat technology ball valve. The company, which has an Angolan office that services the Democratic Republic of Congo, Gabon, Kenya, Mozambique, Namibia, South Africa, Tanzania, and... 

Competence Centre promotes energy efficiency awareness in Africa

By: Nica Schreuder     10th November 2017 The South African-German Chamber of Commerce and Industry’s Competence Centre for Sustainable Energies (CC:SE), in Cape Town plays an important role in creating awareness and fostering conversations among African stakeholders in the renewable energy and energy efficiency sector. CC:SE manager... 

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