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Ncondezi enters into negotiations with GE, CMEC for mine development

By: Natasha Odendaal     20th October 2017 Aim-listed Ncondezi Energy has entered into negotiations with China Machinery Engineering Corporation (CMEC) and General Electric (GE) South Africa for the development, construction and operation of the integrated Ncondezi 300 MW coal-fired power project and openpit coal mine, in Tete,... 

Company expands African footprint to pursue major projects

By: Robyn Wilkinson     20th October 2017 Despite slowing economic growth, political challenges and associated declining investor confidence in many parts of Africa, global project management consultancy Turner & Townsend continues to strengthen its network on the continent as it pursues major projects in mining, oil and gas,... 

New business model drives group’s resurgence in Africa

By: Robyn Wilkinson     20th October 2017 Economic growth in Africa is ensuring a steady demand for infrastructure development and by tailoring its business model to access this demand, engineering services provider ELB Group has enhanced its activities on the continent and announced a return to profitability. 

Remove exploration red tape or mining will die, geologist warns 

By: Martin Creamer     19th October 2017 The excessive red tape around minerals exploration must be removed to prevent the demise of South Africa’s vital mining industry, consulting exploration geologist Allan Saad said on Thursday. Saad, who spent 18 years in geological roles with mining major Rio Tinto and who formerly represented the... 

South32 bolsters net cash to $1.7bn, reports solid Q1 results

By: Esmarie Swanepoel     19th October 2017 Diversified miner South32 on Thursday reported its financial and operational results for the first quarter of the 2018 financial year, telling shareholders that stronger commodity markets had delivered a $33-million increase in its net cash position. “Our key commodity markets continue to... 

Ncondezi raises £750 000

By: Anine Kilian     18th October 2017 Aim-listed Ncondezi Energy has raised £750 000, before expenses, through an oversubscribed placing of 15-million ordinary shares at a price of 5p a share. The company will use the funds raised by the placing to cover nonproject corporate costs until the end of August 2018, before the maturity of... 

Montepuez redesign to save millions - Flanagan

By: Esmarie Swanepoel     18th October 2017 A value engineering study on the Montepuez graphite project, in Mozambique, has found that the project’s capital costs could be cut from $126-million to $42.3-mllion, while operating costs could reduce from $422/t to $337/t. ASX-listed Battery Minerals told shareholders that the value... 

Balama to produce first concentrate this month

By: Esmarie Swanepoel     18th October 2017 First concentrate production at the Balama graphite project, in Mozambique, is expected late in October, with ASX-listed Syrah Resources telling shareholders that first saleable flake product was expected in the second half of November. Project construction was now some 98% complete, and the... 

Moz coal assets come back to haunt former Rio Tinto CEO, CFO

By: Esmarie Swanepoel     18th October 2017 The US Securities and Exchange Commission (SEC) has laid charges of fraud against diversified miner Rio Tinto and its former CEO Tom Albanese and CFO Guy Elliott. The SEC in a statement this week said that the company and the former two executives had inflated the value of Mozambique coal... 

Malmström raises EU’s concern over South Africa's stance towards renewables IPPs

By: Terence Creamer     17th October 2017 European Commissioner for Trade Cecilia Malmström confirmed on Tuesday that she had communicated the European Union’s (EU’s) unhappiness over Eskom’s refusal to enter into contracts with renewable-energy independent power producers (IPPs), some of which are European, directly with the South... 

Triton finds buyers for all Ancuabe product

By: Esmarie Swanepoel     16th October 2017 Graphite developer Triton Minerals has conditionally secured offtake agreements over the full production from its planned Ancuabe project, in Mozambique. The ASX-listed company on Monday reported that it had signed an offtake, marketing and technical collaboration memorandum of understanding... 

Powertech Switchgear land a big deal with Eskom

     13th October 2017 The tender for Eskom’s distribution and transmission MV AIS switchgear was issued in 2015 and Powertech Switchgear seized the opportunity to submit on tender obligation. The tender was awarded in March 2017 and Powertech Switchgear managed to gain five years of supply. Eskom requirement is to... 

Omnia Mining starts production at Xtract’s Manica concession

By: Creamer Media Reporter      12th October 2017 Mining contractor Omnia Mining has started production on the western half of Aim-listed Xtract Resources’ Manica concession, in Mozambique. Earlier this year, Xtract’s subsidiary Explorator signed mining contractor agreements with Omnia and Sino Minerals Investment Company for the exploitation of... 

R20bn Swazi Rail Link being prepared for presentation to investors before year-end 

By: Terence Creamer     12th October 2017 An expression of interest (EoI) for the R20-billion crossborder Swazi Rail Link infrastructure project between South Africa and Swaziland will be released to potential investors before the end of 2017, South Africa’s Transnet Freight Rail (TFR) and Swaziland Rail confirmed on Thursday. The 150 km... 

BMG launches R400m World site facility in Gauteng 

     12th October 2017 Technical solutions provider BMG, which is part of Invicta Holdings, has officially launched its BMG World site, in Johannesburg last month. Mia Breytenbach tells us more. 

One year into new trade deal, European commissioner urges South African firms to take fuller advantage

By: Terence Creamer     11th October 2017 European Commissioner for Trade Cecilia Malmström will use her upcoming visit to South African to urge business to take fuller advantage of the recently concluded trade agreement between the European Union (EU) and six Southern African countries. The deal came into force just over a year ago on... 

Kenmare buoyed by ilmenite market improvement, record production potential

By: Ilan Solomons     11th October 2017 Production volumes decreased across the board at mineral sands miner Kenmare Resources’ Moma titanium minerals mine, in Mozambique, in the third quarter, with the exception of ilmenite. Nonetheless, production of total finished products increased by 4.5% year-on-year to 277 800 t in the third... 

Mustang granted Montepuez mining concession

By: Creamer Media Reporter      10th October 2017 The Mozambique Minerals and Energy Ministry has granted ASX-listed Mustang Resources a mining concession for its Montepuez project. The concession is valid until September 2042 and paves the way for the company to increase its processing capacity, as planned, following its maiden tender. 

Brazil revives African ties, eyes expanding market

By: Reuters     10th October 2017 Agricultural powerhouse Brazil aims to revive ties with Africa after a lull and sees a vast export market for food and manufactured goods in a continent whose population is surging, its foreign minister said. Brazil's presence in Africa surged during the government of former President Luiz Inacio... 

Sino starts production at Xtract’s Manica project

By: Anine Kilian     9th October 2017 One of Xtract Resources’ alluvial mining contractors at the Manica concession, in Mozambique, Sino Minerals, has started production on the eastern half of the concession. Xtract’s Mozambique subsidiary Explorator concluded mining contractor agreements for the project with mining contractors Omnia... 

Manufacturer strives to meet industry demands

By: Nica Schreuder     6th October 2017 With demand for pump efficiency prevalent in the past five to ten years, industrial equipment supplier Rand Transmission South Africa (SA) has changed and aligned its product range to meet market requirements and demands. Despite Rand Transmission South Africa’s products only accounting for... 

Pumps investment solidifies Mozambique sugar industry

By: Nica Schreuder     6th October 2017 South African pumps manufacturer and supplier Brehnor Pumps has commissioned two Ornel Floodlifter 1 200-mm-diameter pumps on the Xinavane sugar estate, in Mozambique, owned by agricultural and agroprocessing business company Tongaat Hulett. 

UK unveils post-Brexit bilateral commitment to South Africa

By: Keith Campbell     6th October 2017 British International Trade Secretary (equivalent to Minister in South Africa) Dr Liam Fox announced on his recent visit to South Africa that his country’s export credit agency, UK Export Finance, has increased the funds available to South African enterprises buying British goods and to British... 

‘Virtual’ gas network expands offering to firms within 300 km of Joburg

By: Dylan Slater     6th October 2017 Through a rapidly expanding gas distribution network, gas supplier Virtual Gas Network is presenting the energy industry with lower energy costs and improved profitability, while also enabling energy producers and consumers to move towards meeting cleaner emissions targets.  

AB InBev completes $3.15bn Coca-Cola Beverages Africa transition

By: African News Agency      5th October 2017 The world’s largest brewer, Anheuser-Busch InBev (AB InBev) on Thursday announced that it has completed the transition of its 54.5% equity stake in Coca-Cola Beverages Africa (CCBA) for $3.15-billion after customary adjustments. This comes after AB InBev last year acquired SABMiller for... 

Powerstar to expand into smaller trucks through Foton partnership

By: Irma Venter     4th October 2017 Powerstar sold around 420 trucks in South Africa last year, with the Chinese brand aiming for 500 units this year, says Everstar Industries CEO Bob Wang. The growth will come from the brand expanding its product portfolio from the extra-heavy and heavy commercial vehicle (EHCV, HCV) segments to... 

Hyatt to double its Africa presence, open six hotels by 2020

By: Reuters     3rd October 2017 Hyatt Hotels & Resorts will open six new hotels in Africa by 2020, the company said in a news release on Tuesday, underscoring the growth of business and international travel on the continent. The company will open its first hotels in Algeria, Cameroon, Ethiopia, and Senegal and open new hotels... 

AfDB approves $200m to IDC to support industrialisation projects in Africa

By: Anine Kilian     2nd October 2017 The African Development Bank Group (AfDB) has approved a private sector multicurrency line of credit of $100-million and R1.3-billion to South Africa’s Industrial Development Corporation (IDC). The operation will support industrialisation projects in South Africa and in other regional member... 

Twenty-Eight-Unit Komatsu Grader Fleet Heads To Kwazulu-Natal

     29th September 2017 Komatsu South Africa has dramatically increased its share in the local grader market following the delivery of 28 GD675-5 motor graders to the KwaZulu-Natal (KZN) Department of Transport. The fleet represents the biggest single sale of this particular product in southern Africa and one made... 

Fastjet to raise cash to fund South Africa, Mozambique growth

By: Reuters     29th September 2017 African budget airline Fastjet Plc said on Friday it would raise not less than $44 million, in part through a placing, to fund expansion in South Africa and Mozambique. Fastjet plans an accelerated bookbuild to raise gross cash proceeds of $28 million and would sell 60 million shares to Solenta... 

BMG invests R400m in Joburg distribution centre 

By: Mia Breytenbach     29th September 2017 Technical solutions provider BMG, which is part of Invicta Holdings, has officially launched its BMG World site, in Johannesburg, which is the culmination of a consolidation and supply chain re-engineering strategy that began nearly ten years ago. “The company’s R400-million investment to upgrade... 

Cell C appoints a COO

By: Creamer Media Reporter      26th September 2017 Mobile operator Cell C on Tuesday announced the appointment of former Telekom Networks Malawi CEO Douglas Craigie Stevenson as its new COO effective September 26. Craigie Stevenson, who holds an MBA from the University of the Free State and a Bachelor of Accounting Science (Honours) from the... 

Integration of Gemfields realising cost benefits – Pallinghurst

By: Martin Creamer     26th September 2017 The integration of Gemfields is beginning to realise cost benefits, Pallinghurst reported on Tuesday when it reiterated its transformation into a long-life operating mining company from being a former closed-end investment vehicle. In presenting half-year results of the company on Tuesday,... 

Security guard killed, rubies stolen in Montepuez break-in

By: Esmarie Swanepoel     26th September 2017 Ruby miner Mustang Resources on Tuesday reported the death of a security guard at its Montepuez project, in Mozambique, along with the theft of around 19 000 ct of rubies and portable office equipment. The company was working with local communities, police and the government to find those... 

African ports define development roadmap for 2018 and beyond

     22nd September 2017 Over 20 African ports authorities, terminal operators and Ministries of Transport convene in Durban, South Africa this October for strategic think-tank discussions around port optimisation and modernisation across the region.  The African Ports Evolution initiative sets the backdrop for the... 

Electricity exports create investment opportunity for S Africa

By: Nica Schreuder     22nd September 2017 Power generation stakeholders and key industry players are investigating ways of deriving the most benefit from lower coal qualities, says independent mining advisory company Ukwazi senior mining engineer Adriaan Strydom, who tells Mining Weekly that companies are implementing new technologies to... 

Grit delivers 2.7% increase in FY17 distribution

By: Natasha Odendaal     21st September 2017 Mauritius- and Johannesburg-listed Grit Real Estate Income Group on Thursday declared a distribution a share of $0.12 for the year ended June 30, a 2.7% increase on the prior year on the back of strong financial results. The seventh consecutive dividend comprised an interim dividend of $0.06... 

Syrah raises initial A$75m

By: Esmarie Swanepoel     21st September 2017 Graphite developer Syrah Resources has successfully raised A$74-million of a targeted A$110-million through a share placement and the institutional component of a pro-rata accelerated nonrenounceable entitlement offer. “We are delighted with, and grateful for, the strong level of support shown... 

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