http://www.engineeringnews.co.za
R/€ = 14.35 Change: 0.13
R/$ = 11.65 Change: 0.08
Au 1328.27 $/oz Change: -9.47
Pt 995.00 $/oz Change: -5.40
 

Topic

Zimbabwe, Botswana set to sign diamond deal – report

By: News24Wire      19th February 2018 Zimbabwe is reportedly set to sign a diamond processing deal with Botswana within the next three months, after President Emmerson Mnangagwa met with his counterpart, President Ian Khama, this week in Gaborone. According to the state-owned Herald newspaper, Mnangagwa was in Botswana on a state visit. 

America to consider Zimbabwe’s eligibility for Agoa this year

By: Terence Creamer     13th February 2018 The US government will consider Zimbabwe’s eligibility for the trade benefits it extends under the Africa Growth and Opportunity Act (Agoa) during 2018, the State Department’s acting director for economic and regional affairs Harry Sullivan said during a telephonic briefing on Tuesday. Since Agoa... 

Mugabe's fall has veteran miners jockeying for Zimbabwe comeback

By: Bloomberg     13th February 2018 Robert Mugabe’s fall as Zimbabwe president is setting the scene for the return of a London mining listing for Andrew Groves and his long-term business partner – and former England cricketer – Phil Edmonds. Groves is preparing to relist the pair’s Zimbabwe coal, chrome and gold assets in London... 

Political shifts lift investor mood in Southern African mining

By: Reuters     8th February 2018 Mining is a long-term game, but in Southern Africa dramatic political changes have transformed the investment mood for the better in the space of a year. Angola's Jose Eduardo dos Santos and Zimbabwe's Robert Mugabe stepped down in 2017 after a combined 75 years in office, while the election of... 

Zimbabwe to consider waivers on platinum, diamonds ownership law

By: Bloomberg     8th February 2018 Zimbabwe will consider applications from companies mining platinum or diamonds to be exempted from a requirement that they be at least 51% owned by black citizens of the country. The government wants companies to show they have a plan to achieve compliance before it will consider granting... 

Zimbabwe touts lithium, gold, diamonds potential at mining conference

By: African News Agency      7th February 2018 Zimbabwe's mineral resources have a huge potential to drive the economy in the future, with lithium, gold and diamonds seen leading the way, its mines minister Winston Chitando said. In a presentation to an annual conference on investing in African mining, running from February 5 to 8 in Cape... 

Will Ramaphosa be a transformational leader or preserve the status quo?

By: Saliem Fakir     2nd February 2018 The election in December of Cyril Ramaphosa (CR) as African National Congress (ANC) president has brought a sigh of relief to many South Africans. There is both euphoria and trepidation. The sigh of relief is no indication that mass support for the ANC will be forthcoming any time soon. Jacob... 

Zimbabwe to take over steelmaker's $500m debt

By: Reuters     31st January 2018 Zimbabwe plans to take on about $500-million of debt owed by state-owned steelmaker Zimbabwe Iron and Steel Company (Zisco) to allow a new investor to revive the company. Zisco ceased production in 2008 at the height of Zimbabwe's economic meltdown, but under the Zimbabwe Iron and Steel Company... 

Tharisa's Pouroulis meets Zimbabwe leader, seeks opportunities

By: Bloomberg     26th January 2018 Tharisa CEO Phoevos Pouroulis met Zimbabwe’s new President Emmerson Mnangagwa on January 18, as the Cyprus-based platinum and chrome mining company seeks opportunities in the country with the world’s second-biggest reserves of the metals. Pouroulis was accompanied to the meeting in Mnangagwa’s... 

IMF's Lagarde welcomes Mnangagwa's promise to revive Zimbabwe economy

By: Reuters     26th January 2018 IMF chief Christine Lagarde on Thursday welcomed a commitment by Zimbabwe's new President Emmerson Mnangagwa to stabilise the country's economy and work to improve relations with the international community. Lagarde met with Mnangagwa on the sidelines of the World Economic Forum in Davos,... 

Zimbabwe may scrap local ownership rule on platinum, diamonds

By: Bloomberg     23rd January 2018 Zimbabwe, which has the world’s second-biggest platinum reserves, may lift a requirement that companies mining the metal or diamonds must be at least 51%-owned by black citizens of the country, President Emmerson Mnangagwa said. Mnangagwa, who became president in November after Robert Mugabe... 

South African company building new smelter in Zimbabwe

By: Victor Moolman     19th January 2018 Foundry and engineering company Thos Begbie is working in the Great Dyke of Zimbabwe, close to the town of Shurungwi, where it is helping to construct the Unki platinum smelter, adjacent to a mining operation owned by platinum mining company Anglo American Platinum (Amplats). Thos Begbie was... 

SADC’s opportunity for atonement

By: Martin Zhuwakinyu     19th January 2018 The citizens of two Southern African Development Community (SADC) member countries – Zimbabwe and the Democratic Republic of Congo (DRC) – go to the polls this year in what this lowly journalist regards as a chance for the regional bloc to mend its tattered reputation. But whether this... 

Zim's new leader Mnangagwa visits SA to meet potential investors

By: News24Wire      20th December 2017 Zimbabwean President Emmerson Mnangagwa is reportedly set to "address a high profile business conference" in Pretoria on Thursday, as his new administration strives "to revitalise the economy through attracting investment". According to the State-owned Herald newspaper, a statement by Zimbabwe's... 

Too soon to despair

By: Martin Zhuwakinyu     15th December 2017 Question marks have been hanging over the Africa Rising narrative in recent times, with sceptics pointing to faltering gross domestic product (GDP) growth in many countries on the continent. But is this sweet dream dead in the water? For the uninitiated, this snappy appellation was coined to... 

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... 

AFTER THE PARTY

     1st December 2017 Zimbabweans celebrated wildly after President Robert Mugabe resigned on November 21, after 37-years in power. There is little question that the his departure offers a genuine opportunity to rebuild a country and an economy that still holds so much promise, not least because of the education and... 

Withdrawal of entire MPRDA only constitutionally acceptable solution – Leon

By: Martin Creamer     28th November 2017 The process of reconsidering the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill has generated a new range of procedural missteps and failed to address any of the substantive problems in the Bill, leaving the entire withdrawal of the Bill as the only constitutionally... 

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,... 

Mnangagwa's task to rebuild Zimbabwe economy

By: Bloomberg     23rd November 2017 When Emmerson Mnangagwa takes over from Robert Mugabe as Zimbabwe’s President on Friday, he’ll inherit an economic wasteland that will take years and a complete reversal of some of the government’s signature policies to set right. Among Mnangagwa’s key challenges will be to revive an... 

Companies from Amplats to StanChart on alert amid Zimbabwe coup

By: Bloomberg     15th November 2017 Companies are being vigilant over their operations in Zimbabwe after military vehicles descended on the capital of Harare and the army seized power, threatening President Robert Mugabe’s 37-year rule. Nedbank Group sent some South African employees home from Zimbabwe, the Johannesburg-based... 

Diamonds fund Zimbabwe political oppression, Global Witness says

By: Bloomberg     11th September 2017 Zimbabwe’s government is using money earned from diamond exports to fund its Central Intelligence Organisation, blamed for a raft of human-rights abuses as it’s helped to keep President Robert Mugabe in power since 1980, Global Witness said. Diamonds dug from the Marange fields in eastern... 

Zim gold producer claims ownership of cargo on crashed plane

By: News24Wire      13th January 2017 A leading gold producer, developer and explorer in southern Africa, Metallon Corporation, has claimed ownership of the gold that was being transported by a private plane that crash-landed in southern Zimbabwe on Tuesday, putting to rest speculation that the mineral was being smuggled out of the... 

More African countries 'likely to pull out of ICC after SA' 

By: News24Wire      21st October 2016 South Africa's decision to pull out from the International Criminal Court (ICC) is likely to lead "more African countries into wanting to follow in its footsteps", a researcher at the Institute of Security Studies has said. In an interview with News24, Allan Ngari said South Africa's move was,... 

Eskom and Cahorra Bassa threaten to pull the plug on Zimbabwe 

By: Reuters     21st October 2016 Zimbabwe has been given two months to pay its bills for power from South African power utility Eskom and Mozambique’s Hydro Cahora Bassa, HCB. Zimbabwe imports at least 30 percent of its power and owes Eskom about R250-million and HCB about R126-million. 

Zimbabwe wants Impala land as $6.7bn mine plan stalls

By: Bloomberg     15th July 2016 Zimbabwe has applied for a court order to force an Impala Platinum Holdings Ltd. unit to sell almost 28 000 ha (69 000 acres) of its mining lease to the state, land the government says will benefit the economy. The land, held under a lease by Zimplats Holdings Ltd. but owned by the state, hasn’t... 

Caledonia firing on all cylinders as output ramps up at Zimbabwe-based Blanket

By: Henry Lazenby     5th July 2016 Zimbabwe-focused gold producer Caledonia Mines raised its annualised dividend by 22% to $0.055 a share on Monday, underpinned by increased output as a result of the company’s turnaround strategy at the flagship Blanket mine. “We have increased the dividend not based on improved gold prices, but... 

Zimbabwe's platinum industry calls for $2.8bn in new investment

By: Reuters     20th May 2016 Zimbabwe could double annual platinum production to more than 900 000 oz in the next decade and become the nation's top export earner but current producers need $2.8-billion in new investment to do so, the industry associaton said on Friday. The southern African nation holds the second largest... 

At least 3 dead in Zimbabwe diamond field accident – State broadcaster

By: News24Wire      3rd March 2016 Police divers in Zimbabwe's best-known diamond fields are searching for more victims of an accident that left at least three illegal panners dead on Wednesday, the state Zimbabwe Broadcasting Corporation reported. Up to 15 are feared to have been crushed to death by falling rock in the Chiadzwa... 

Zim govt faces lawsuit from diamond miners

By: News24Wire      23rd February 2016 Diamond mining companies ordered by President Robert Mugabe's government to stop gem mining operations in Eastern Zimbabwe are weighing their options, while some have started engagements for litigation against the decision. Zimbabwe Mines and Mining Development Minister Walter Chidakwa on Monday... 

March deadline for foreign firms as Zim curbs investors 

By: News24Wire      5th January 2016 Zimbabwe on Monday put in place a March deadline for all foreign companies to submit indigenisation compliance plans. It also announced new measures to restrict foreign businesses from operating in reserved areas such as retail and agriculture. The indigenisation policy compels foreign firms in... 

Africa wants to process own minerals – Zuma

By: African News Agency      4th December 2015 African countries want to process their minerals on the continent, rather than export them for beneficiation overseas, President Jacob Zuma said on Friday at the Forum for China-Africa Cooperation Summit (FOCAC) currently underway in Johannesburg. “We want to prioritise beneficiation and... 

South Africa and China sign megadeals worth R94-billion

By: African News Agency      3rd December 2015 South Africa and China signed agreements worth R94-billion, shortly after Chinese president Xi Jinping arrived for a state visit in Pretoria, President Jacob Zuma said on Wednesday. “We focused especially on our economic and trade relations. We have just witnessed the signing of 26 agreements... 

China's Xi signs 10 investment deals with Mugabe

By: News24Wire      2nd December 2015 Chinese President Xi Jinping signed 10 investment deals with Zimbabwe on Tuesday evening, pledging to continue cooperating with the investment-hungry country as it attempts to reverse a prolonged economic meltdown. Shunned by most international investors for uncertainty and lack of protection of... 

Jeff Radebe: Africa not continent of doom 

By: News24Wire      1st December 2015 Minister in the Presidency Jeff Radebe on Tuesday called on the media to deepen the China–Africa partnership by telling the “good story”.  “For a very long time Africa has been branded as a continent of doom, only characterised by malnourished babies, poverty, crime, conflict, and squalor,”... 

Malema outlines mining and land policies in interaction with business

By: Irma Venter     9th October 2015 When the Economic Freedom Fighters (EFF) speaks of nationalising South Africa’s mines, it means that the State will own 60% of the operation, says party leader Julius Malema. Malema says this move will not chase away investors, as some of the same mining companies that operate in South Africa... 

EFF seeks 60% State ownership of mines, govt as custodian of farmland 

By: Irma Venter     29th September 2015 When the Economic Freedom Fighters (EFF) spoke of nationalising South Africa’s mines, it meant that the State would own 60% of the operation, said party leader Julius Malema in Johannesburg on Tuesday. Speaking at an American Chamber of Commerce (AmCham) breakfast, Malema said this move would not... 

Mozambique again rejects Malawi’s plan to ship goods via the Zambezi 

By: African News Agency      25th September 2015 The government of landlocked Malawi has revived its old proposal to turn the Shire and Zambezi rivers into a commercial waterway for the country’s imports and exports via the Indian Ocean, despite strong opposition from its neighbour Mozambique. Without Mozambican support the scheme is dead,... 

First
Prev
1
2 Next Last

Latest News

more

Latest Videos

more

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Now for $119 Close