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Sea Harvest to acquire fishing business, stake in subsidiaries of Viking Fishing

By: Marleny Arnoldi     13th June 2018 A consortium of broad-based black economic empowerment investors, led by fishing and food business Sea Harvest together with its subsidiary Sea Harvest Corporation, has entered into sale agreements with Viking Fishing Holdings to acquire the fishing business and selected shareholdings of Viking... 

Upgraded Main Road 118 brings relief to residents of Oranjemund, Namibia

12th June 2018 VKE Namibia Consulting Engineers, part of the SMEC Group, was contracted by the Namibian Roads Authority to carry out the design work and to supervise the construction phase of the Main Road 118 upgrade. The SMEC Group is a global consultancy delivering engineering excellence, design innovation... 

Raubex Renovo Brings Mall Glamour To Cameroon

11th June 2018 A modern shopping mall, complete with convention centre and cinemas, will grace Cameroon’s financial capital city of Douala by the end of 2019 – and South African turnkey specialist Raubex Renovo is making it happen. The €45 million Douala Grand Mall is part of a larger development that will... 

Botswana coal miner sees opportunity in regional shortages

By: Bloomberg     11th June 2018 Botswana’s sole operating coal mine will increase output almost threefold within seven years as it eyes export opportunities created by a shortage of the fuel that’s used to fire most of southern Africa’s power plants. Morupule Coal Mine in the east of the country will ramp up annual production... 

Bannerman raises A$8m for Etango

By: Esmarie Swanepoel     8th June 2018 Uranium developer Bannerman resources will raise A$8-million through the placement of more than 173.9-million shares to institutional and sophisticated investors. The placement will be priced at 4.6c a share, representing a 9.2% discount to the company’s ten-day volume weighted average price. 

Indaba will create intra-Africa trade opportunities

By: Jessica Oosthuizen     8th June 2018 With the 2018 Manufacturing Indaba’s focus being on the development of intra-Africa trade, event organiser Siyenza Management MD Liz Hart says the event will bring key stakeholders together to create opportunities for engagement and dialogue. She tells Engineering News that Africa has many of... 

Industry pursuing better management of energy use

By: Jessica Oosthuizen     8th June 2018 There has been a growing trend among South African manufacturing plants to pursue energy reduction and manage its use better, says energy training services provider the Energy Training Foundation (EnTF) training manager Yolanda de Lange. She explains that significant hikes in electricity rates... 

Study makes case for Africa nuclear roll-out, but concern persists

By: John Muchira     8th June 2018 Plans by some countries in sub-Saharan Africa to incorporate nuclear energy in electricity generation mix are feasible, despite the colossal challenges associated with nuclear plants, a new study has found. While opinion is deeply divided on whether sub-Sahara Africa is ready for nuclear energy,... 

Africa's largest fishing firm Oceana could lose fishing rights in Namibia

By: Reuters     6th June 2018 Africa's largest fishing company Oceana Group faces a battle to hold onto its fishing rights in Namibia after the southern African country said listed firms would no longer be awarded quotas. Bidvest Namibia, which is listed on Namibia's stock exchange, could also lose its local fishing rights... 

Shelby SA opens orders for Shelby F-150, to overwhelming response

By: Irma Venter     5th June 2018 South Africans do love their bakkies – and the bigger the better, it seems. “We are delighted to confirm that the order book is open for a limited number of 565 kW Shelby F-150 bakkies to satisfy the ultimate needs of South African bakkie owners,” Shelby South Africa (SA) CEO Peter Lindenberg... 

Worldwide Orders Make For Bullish Mood

4th June 2018 Condra has received an order for a further overhead crane from Kamoto Copper Company, the copper and cobalt mine in the south of the Democratic Republic of Congo. It is the eighth machine to be ordered by Kamoto Copper from Johannesburg-headquartered Condra in just over a year and, like its... 

AfriTin starts civil construction works on Uis mine’s processing plant

By: Simone Liedtke     4th June 2018 Phase 1 of the civil works construction on the processing plant at Aim-listed AfriTin Mining’s flagship Uis mine, in Namibia, is targeted for completion in the third quarter of this year. Phase 1 is designed to process 500 000 t/y. 

Weatherly shares suspended as water ingress at Tschudi creates uncertainty

By: Anine Kilian     1st June 2018 Aim-listed Weatherly International has requested a suspension in the trading of its shares, effective Friday, owing to the uncertain position of its Namibia-based Tschudi mine, as a result of significant water ingress.  The Tschudi openpit mine had recently experienced a rapid increase in... 

Event to inspire industry to think differently – organisers

By: Jessica Oosthuizen     1st June 2018 Global events company Terrapinn will host the twenty-first annual Africa Rail exhibition and conference at the Sandton Convention Centre, in Gauteng, on June 12 and 13, which it believes will encourage the African railway industry to innovate and think differently. Africa Rail is the meeting... 

Investing in returns, not in debt

By: Riaan de Lange     1st June 2018 Data from the JSE, released on May 18, revealed that, since the beginning of the year, investors had sold R493-billion worth of South African bonds and bought bonds valued at R485-billion. It is worth mentioning that bonds are a debt instrument. For the week ending May 18, investors had disposed... 

Euro Steel

1st June 2018 Part of AFMETCO Group of Companies, Euro Steel has evolved into one of South Africa’s largest stainless steel, special steels, aluminium and other corrosion-resistant materials distributors and exporters. The company operates predominantly in all major cities in South Africa, but also has... 

Paratus chooses Mapcom Systems for African fibre network infrastructure management

31st May 2018 Mapcom Systems, a global leader in visual OSS and BSS software solutions for telecommunications service providers, has announced that Paratus Africa has begun the implementation of Mapcom’s M4 Solutions Suite to accelerate the service fulfilment process and manage the planning, buildout, and... 

Trevali appoints new CFO

By: Anine Kilian     31st May 2018 Gerbrand van Heerden has been appointed CFO of zinc-focused base metals company Trevali, taking over from outgoing CFO Anna Ladd-Kruger, effective June 1. “Van Heerden’s extensive base metals and finance experience will provide a solid foundation to the company as it continues to evolve into a... 

Namibia Rare Earths changes name to reflect broader commodity base

By: Anine Kilian     30th May 2018 TSX­-V-listed Namibia Rare Earths has changed its name to Namibia Critical Metals. “The company changed its name to more accurately reflect the recently expanded commodity base from solely rare earths to include a variety of highly critical commodities, including cobalt, copper, vanadium, zinc,... 

B2Gold opens 7 MW solar farm at Namibia mine

By: Marleny Arnoldi     30th May 2018 Gold producer B2Gold Namibia on Wednesday celebrated the opening of the B2Gold Otjikoto solar farm, in the Otjozondjupa region.  

Rope access, drone combo for Tsumeb Namibia maintenance project

28th May 2018 Skyriders has carried out routine inspections of two smokestacks and one cooling tower using a highly successfully combination of rope access and Remotely-Piloted Air System (RPAS) drones for client Dundee Precious Metals at the Tsumeb Namibia mining operation. The drones completed a general... 

Paladin mothballs Namibia uranium mine

By: Esmarie Swanepoel     25th May 2018 Dual-listed Paladin Energy on Friday confirmed that its Langer Heinrich uranium mine, in Namibia, was being placed on care and maintenance, but said that the low-cost openpit operation would be one of the first to resume production when the uranium market normalised. Paladin in April said that... 

Electric vehicles seen driving cobalt crunch by mid-2020s

By: Reuters     25th May 2018 The increasing popularity of electric vehicles may create a crunch for supplies of cobalt in the early-to-mid 2020s, miners and analysts say, adding that small operators trying to start up mines outside Africa could play a bigger role over time in satisfying demand for the metal used in... 

Africa Day – 55 years on

By: Martin Zhuwakinyu     25th May 2018 As you read this piece, I am probably putting together the next instalment or doing whatever else my job description demands I should be doing each weekday. But colleagues in countries such as Ghana, Lesotho, Mali, Namibia, Zambia and Zimbabwe are probably braai-ing in their backyards or engaging... 

Colas South Africa

25th May 2018 Colas South Africa is a company focused on innovative road surfacing products and technology. A subsidiary of the Bouygues Group, the international Colas Group, headquartered in France, is a world leader in the construction and maintenance of transport infrastructure, operating in 50 countries... 

AfriTin seeks to raise £5.5m in share placement

By: Marleny Arnoldi     23rd May 2018 Aim-listed tin development company AfriTin Mining hopes to raise £5.5-million in an accelerated bookbuild to fast-track the work programme at its flagship Uis mine, in Namibia.  

Gamsberg producing by mid-year – Vedanta

By: Martin Creamer     23rd May 2018 The Gamsberg zinc project in South Africa’s Northern Cape is on track with production expected by the middle of this year, the London-listed, India-rooted Vedanta Resources said on Wednesday, when it reported higher revenue and profits and lifted its dividend yield for the year to 6%. Current... 

Innosun’s Namibian Wind Farm Lifted By Johnson Renew

18th May 2018 The Ombepo Wind Farm, the first wind farm to be constructed in Namibia, is situated just outside Luderitz, Southern Namibia and is designed to inject 5 MW into the national grid managed by NamPower, the national utility. The wind farm was built by InnoSun Energy Holdings (Pty) Ltd who secured the... 

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,... 

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,... 

Desert Lion sets price for flotation plant development in Namibia

By: Simone Liedtke     17th May 2018 The Phase 1 flotation plant at TSX-listed Desert Lion Energy’s Namibian lithium operations is estimated to cost about C$7-million. The plant, with a processing capacity of between 350 000 t/y and 400 000 t/y, will be used to process the fines from the historic run-of-mines stockpiles at Desert... 

Fuchs Lubricant opens new grease manufacturing plant in Gauteng

By: Marleny Arnoldi     16th May 2018 Lubricants specialist Fuchs Lubricants South Africa (Fuchs SA), together with its parent company Fuchs Petrolub, on Wednesday launched a R125-million grease manufacturing plant at its factory, in Isando, Gauteng. The plant will allow Fuchs to manufacture specialty greases for the local market, as... 

Vedanta appoints Deshnee Naidoo as Africa Base Metals CEO

By: Simone Liedtke     16th May 2018 Deshnee Naidoo has been appointed as CEO of Vedanta Resources’ Africa Base Metals, an entity through which its zinc and copper assets in South Africa, Zambia and Namibia will be managed. Naidoo’s appointment signals Vedanta group’s ongoing commitment to enhancing its African operations and is... 

Gordhan outlines his plan for the ‘recapture’ of South Africa’s SoCs

16th May 2018 The full text of Public Enterprises Minister Pravin Gordhan’s Budget Vote speech to Parliament on May 15. In it, the Minister warns that it has become evident that several State-owned companies (SOCs) will not be able to trade and borrow their way out of their financial difficulties and that some... 

Transnet to review tenders, expand petrochemicals capacity at East London port

By: Marleny Arnoldi     14th May 2018 More than 100 attendees representing 97 companies have shown a keen interest in the Port of East London’s plans to recommission an existing tank in the port for handling of liquid bulk and to introduce a liquid bulk terminal through a 25-year port concession awarded to a private entity, says... 

Calgro M3 confident of securing longer-term working capital

By: Marleny Arnoldi     14th May 2018 Property developer Calgro M3 reported a worse-than-expected financial performance for the year ended February 28, owing to challenging political and associated economic conditions, as well as delays in raising working capital.  

Port of East London to expand its petroleum footprint

14th May 2018 More than 100 attendees representing 97 companies have shown keen interest in the Port of East London’s plans to recommission an existing tank in the port for handling of liquid bulk and to introduce a liquid bulk terminal through a 25-year port concession awarded to a private, empowered entity.... 

Trevali revenues rise 187%, Q1 earnings miss on Perkoa freight timing

By: Henry Lazenby     11th May 2018 Pureplay zinc producer Trevali Mining has reported adjusted earnings a share of $0.04, missing average analyst earnings forecasts by a penny, on lower-than-expected sales from the Perkoa mine, in Burkina Faso, mainly owing to freight timing at the Port of Abidjan, in Côte d’Ivoire.... 

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