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Africa’s metals, engineering cluster needs to do more to attract investment 

By: Marleny Arnoldi     21st September 2018 Steel and Engineering Industries Federation of Southern Africa (Seifsa) chief economist Dr Michael Ade has declared Africa’s metals and engineering sector open for business. Ade was addressing delegates on the second day of Seifsa’s fourth annual Metals and Engineering Indaba, in Johannesburg. 

Mahenge Liandu graphite project on track

By: Marleny Arnoldi     20th September 2018 Aim-listed Armadale director Nick Johansen says the company is gaining momentum with confirming and highlighting the commercial viability of its Mahenge Liandu graphite project, in Tanzania, and is on track for a decision to mine in early 2019. “The completion of the scoping study in April was... 

Graphex updates Tanzania graphite project’s PFS

By: Mariaan Webb     20th September 2018 An update to the 2015 prefeasibility study (PFS) for the Chilalo graphite project has delivered “robust” financial returns and confirmed the “exceptional economics” of the Tanzania project, Australian firm Graphex reported on Thursday. The updated PFS assesses a two-stage production scenario,... 

Kibo Energy to review tender opportunity for Tanzania power utility

By: Marleny Arnoldi     18th September 2018 Africa-focused energy company Kibo Energy is assessing an opportunity to further participate in the development of Tanzania’s energy sector. This follows after Tanzania Electricity Supply Company (Tanesco) announced on Monday that a tender process has been initiated for superior coal technology... 

Engen operations in nine African countries transfer to Vivo Energy in March 2019

By: Marleny Arnoldi     18th September 2018 Oil company Engen Holdings’ operations in nine sub-Saharan African countries will be transferred to JSE-listed downstream petroleum company Vivo Energy on March 1, 2019. The $203.9-million transaction will see Vivo’s retail service station network expand from 15 to 23 countries in Africa,... 

Petra says owed $25m in VAT refunds by Tanzania

By: Reuters     17th September 2018 Petra Diamonds is owed about $25-million in value added tax (VAT) refunds by Tanzania, its chief executive said on Monday. "We are not getting paid at the moment. The historical figure owed is $16-million," CE Johan Dippenaar told Reuters in an interview, adding that current VAT is an additional... 

ANC, ministers threatened Standard Bank to force it to keep Gupta accounts open, State capture commission hears

By: News24Wire      17th September 2018 Former mineral resources minister Mosebenzi Zwane threatened Standard Bank's operating licence and threatened to change the banking laws, all in an effort to allow the politically connected Gupta family to keep their bank accounts open. This is according to Standard Bank's former head of... 

Barrick seeks Chinese partners for Tanzania mines – Globe

By: Bloomberg     17th September 2018 Barrick Gold may slash 400 jobs and involve Chinese partners in its troubled Tanzania operations, executive chairperson John Thornton told the Globe and Mail newspaper. The Toronto-based company has slashed middle management by half to about 700 and “we want to get it down to 300", Thornton,... 

Trailblazers, innovators win awards at GIL

By: Kim Cloete     14th September 2018 Trailblazers, innovators and entrepreneurs have been honoured with Best Practices Awards by global market research and consulting firm Frost & Sullivan. The company held its Growth, Innovation and Leadership awards banquet, in Cape Town, this week, to recognise the achievements of people in South... 

Consultancy pursues innovation, growth

14th September 2018 Engineering consultancy AZMET continues to showcase South African engineering talent to a global audience, and the company is pursuing a number of plans for further expansions and opportunities that exist for organisations willing to innovate, says AZMET marketing director Ruan Kukard. AZMET,... 

Tanzanian integrity pledge regulations lack clarity, cause uncertainty – law firm

By: Marleny Arnoldi     12th September 2018 Multinational law firm Herbert Smith Freehills (HSF) has raised concerns around Tanzania’s new integrity pledge for mining companies, questioning whether it meets international best practice. Since July 2017, the Tanzanian government has introduced significant regulatory reforms to the mining... 

Katoro expects Kibo Nickel acquisition to close soon, mining licence for Imweru pending

By: Marleny Arnoldi     11th September 2018 Aim-listed Katoro Gold had an active six months to June 30, with the continued development of the Imweru gold project, in Tanzania, and diversifying its portfolio with the acquisition of Kibo Nickel. The company expects the Kibo transaction to be completed shortly, which will give Katoro access... 

OreCorp eyes full ownership of Nyanzaga

By: Esmarie Swanepoel     6th September 2018 The Tanzanian Fair Competition Commission has backed ASX-listed OreCorp’s plans to gain a majority interest in the Nyanzaga gold project. OreCorp in July this year exercised its option to gain a 51% interest in the gold project after gaining an initial 25% interest in the project by spending... 

Black Rock gets enviro nod in Tanzania

By: Esmarie Swanepoel     5th September 2018 ASX-listed junior Black Rock Mining has received environmental approval for its Mahenge graphite project, in Tanzania. The environmental approval covers mining at the three ore bodies that comprise the broader Mahenge project, and is valid for the whole life cycle of the mine. 

GemCap investment allows Linebooker to venture outside South Africa

By: Irma Venter     4th September 2018 African Rainbow Capital Investments subsidiary GemCap has acquired online transport management business Linebooker from the Oceana Group for an undisclosed amount.   “The investment by GemCap is significant in that it gives us the scope and capital to expand our service offering and logistical... 

Volt granted enviro approval for Bunyu

By: Esmarie Swanepoel     4th September 2018 The share price of ASX-listed Volt Resources rose by nearly 11% on Tuesday after the company received environmental approval for its Bunyu graphite project, in Tanzania. The company told shareholders that the environmental impact assessment certificate was the final pre-requisite for the... 

Magnis raises A$11m from new investor

By: Esmarie Swanepoel     4th September 2018 ASX-listed Magins Resources has secured an A$11.1-million investment from AL Capital Holding, giving the firm a 4.98% shareholding in the graphite miner. The placement was made under Magnis’ existing capacity, and the 30-million shares were issued at a price of 37c each, representing a 4%... 

Shanta starts Illunga decline development ahead of schedule

By: Marleny Arnoldi     3rd September 2018 Development of the Illunga underground decline at Aim-listed Shanta Gold’s New Luika gold mine, in Tanzania, has started three months ahead of schedule, with first ore expected in mid-2019. "We will shortly have three active sources of high-grade ore following the start of underground... 

Strandline gets its licence in Tanzania

By: Esmarie Swanepoel     31st August 2018 ASX-listed Strandline Resources has been awarded a mining license for its Fungoni heavy mineral sands project, in Tanzania. MD Luke Graham said on Friday that securing the mining license was a crucial step in the company’s strategy to build a significant, low-cost mineral sands business. 

Montego expands Eastern Cape pet food factory

By: Schalk Burger     31st August 2018 Local pet food manufacturer Montego Pet Nutrition increased production at its Graaff-Reinet facility, in the Eastern Cape, by 30%. The R70-million expansion, which will also create 30 more direct jobs, included a new 3 600 m2, R15-million depot, divided equally for use as a warehouse and treats... 

South African winemakers look to Peru for growth

By: Marleny Arnoldi     30th August 2018 Wine producer La Ric Mal owner and winemaker Malcolm Green and other wine producers from four South African provinces will travel to Lima, Peru, this weekend, with the aim of expanding the market for South African wines. This expedition forms part of the Trade and Investment Mission organised and... 

Walkabout’s Tanzania graphite mine jumps final legislative hurdle

By: Esmarie Swanepoel     30th August 2018 Graphite developer Walkabout Resources will look to advance project funding negotiations after a mining licence was granted for its Lindi Jumbo project, in Tanzania. “The mining licence approval is the final major legislative requirement for the project,” said Walkabout MD Allan Mulligan on... 

Kibo, GE expand their collaboration on energy projects

By: Creamer Media Reporter      29th August 2018 Aim- and AltX-listed Kibo Energy has entered into an expanded collaboration agreement with US-based General Electric (GE). Under the terms of the agreement, GE will work with Kibo to develop its portfolio of energy projects in Tanzania, Botswana and Mozambique, as well as enhance its strategy of... 

South African farmers play chicken with Trump tariffs

By: Reuters     29th August 2018 Herman Pretorius is just the kind of white South African farmer US President Donald Trump expressed concern for when he barged into the country's delicate land reform debate by ordering an investigation into the "large-scale killing of farmers". But for the greying, bespectacled 58-year-old,... 

Diamond drilling programme at Tanzania graphite project completed

By: Simone Liedtke     29th August 2018 Aim-listed Armadale Capital has completed a diamond drilling programme at its Mahenge Liandu graphite project, in Tanzania, with eight holes for a total of 489 m drilled, ahead of an anticipated decision to mine in early 2019. All holes intersected mineralisation from surface over wide... 

Edenville secures 4 000 t/m coal supply contract in East Africa

By: Marleny Arnoldi     22nd August 2018 Aim-listed Edenville Energy has signed a contract to supply an East African industrial group with up to 4 000 t/m of coal for two years. Payment for the coal will be based on local commercial rates and coal will be supplied with a gross calorific value greater than 4 800 kCal/kg.  

Italtile delivers resilient FY18 performance despite subdued consumer sentiment

By: Marleny Arnoldi     22nd August 2018 JSE-listed Italtile has declared an ordinary dividend a share of 38c for the year ended June 30, which is a 27% increase on the dividend of 30c declared for the prior financial year. The higher dividend follows a strong trading profit of R1.5-billion, which is up 43% on the trading profit of... 

Volt signs cooperation agreement with Chinese graphite company

By: Marleny Arnoldi     22nd August 2018 ASX-listed flake graphite development company Volt Resources’ subsidiary Volt Graphite Tanzania has signed a cooperation agreement with one of China’s largest graphite companies, HAIDA Graphite. Under the terms of the agreement, the companies will exchange relevant information and conduct... 

ExecuJet to welcome first Pilatus PC-24 to Africa in Oct

By: Simone Liedtke     21st August 2018 Aviation company ExecuJet, which is part of the Luxaviation group, will, in October, become the first business aviation company to operate and manage a Pilatus PC-24 Super Versatile Jet in Africa. With the aircraft to be based at the Cape Town International Airport, ExecuJet will be responsible... 

Nairobi Securities Exchange suspends trading of Kenya's ARM Cement

By: Reuters     20th August 2018 The Nairobi Securities Exchange (NSE) said on Monday it had suspended trading of Kenya's ARM Cement three days after it was put under administration. "The suspension in trading of the company's shares takes effect from August 20, 2018," NSE said in a statement. "This suspension shall remain in... 

Budget airline continues to refine its service and aircraft mix

By: Rebecca Campbell     17th August 2018 Pan-African low cost carrier Fastjet (which operates under the brand fastjet) is continuing its programme of optimising its services, routes, and fleet, to restore its financial health, ensure it becomes a sustainable going concern, and thereafter achieve consistent profitability. “As a... 

Our innovations are the key partnership to your future

By: Yolande Botes     17th August 2018 “The EIE Group is known for its innovative state-of-the-art machinery and associated technologies on their automated and semi-automated solutions. Similarly, our reputation for applying solutions that ensure that our customer’s operations are fully optimised and fully supported through our... 

Shanta lifts H1 profit

By: Anine Kilian     16th August 2018 Aim-listed Shanta Gold has reported earnings before interest, taxes, depreciation and amortisation of $23-million for the half year ended June 30, 2018,  up from $21.5-million in the first half of 2017. This was achieved despite fewer ounces being sold in the half year and increased royalty... 

Kibo receives water permit approval for MCPP

By: Simone Liedtke     16th August 2018 Aim-listed Kibo Energy has received provisional approval from the Lake Rukwa Water Basin Board for water permits for the Mbeya coal-to-power project (MCPP), in Tanzania. An application was made to permit the operation of numerous water boreholes, which the Africa-focussed energy company said are... 

Montego expands Eastern Cape pet food factory

By: Schalk Burger     14th August 2018 Local pet food manufacturer Montego Pet Nutrition increased production at its Graaff-Reinet facility, in the Eastern Cape, by 30%. The R70-million expansion, which will also create 30 more direct jobs, included a new 3 600 m2, R15-million depot, divided equally for use as a warehouse and treats... 

Rukwa plant upgrade set for completion in September

By: Simone Liedtke     14th August 2018 Aim-listed Edenville Energy is planning to complete the upgrade of the processing plant at its Rukwa coal project, in Tanzania, by the end of September, which will allow for increased throughput. A Lamella clarifier water treatment plant is nearing assembly stage completion and will be installed... 

Uber rival Taxify bets on motorcycles and rickshaws in East Africa

By: Reuters     10th August 2018 Taxify, an Estonian ride-hailing company aiming to take on Uber in emerging markets, will invest millions of euros in East Africa in the next five years with a strategy focused on motorised rickshaws and motorcycles, it said on Thursday. The company, which already operates in five cities in... 

Industry provider to expand African footprint

By: Tasneem Bulbulia     10th August 2018 With many emerging and developing industries in Africa, as well as greater awareness of environmental issues and concerns, instrumentation manufacturer E Instruments regards the continent as an area of growth for its business. E Instruments product manager Bill Freed tells Engineering News that... 

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