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Oil, gas outlook positive amid tough conditions, says PwC review

By: Kim Cloete     7th November 2018 The outlook for Africa’s oil and gas industry is positive, despite tough economic conditions and far fewer discoveries over the past year, PwC’s yearly 'Africa Oil & Gas Review' shows. The review indicates how the industry has responded in the wake of the recovery of the oil price to close to... 

ExecuJet welcomes first Pilatus PC-24 aircraft to its fleet  

1st November 2018 Luxury aviation company ExecuJet last month officially launched and welcomed the Pilatus PC-24 to its fleet at the company’s private terminal at Cape Town International Airport. Simone Liedtke reports. 

Merged Barrick-Randgold eyes nine tier-one gold assets 

By: Mariaan Webb     26th October 2018 Gold major Barrick Gold chairperson John Thornton has urged shareholders to vote in favour of its $6.1-billion transaction with Africa-focused Randgold Resources, telling investors that the combined entity will have five of the world’s ten so-called tier-one assets and that this could be expanded... 

Unlock true potential of Africa by empowering its youth

26th October 2018 Africa evokes distinctive images of its natural wildlife and majestic landscapes. Of course, there is more to the Africa story, driven by its people, tremendous talent pool, and the untapped resources that will take the continent to the next level of growth in the coming years. 

Mbeya coal-to-power project, Tanzania

By: Sheila Barradas     26th October 2018 Kibo Mining has submitted its formal tender qualification document to the Tanzania Electricity Supply Company for the project. 

Rukwa coal-to-power project, Tanzania

By: Sheila Barradas     26th October 2018 Edenville Energy has submitted the required documentation to Tanzania Electricity Supply Company with regard to the utility’s request for qualification for coal-fired power generation projects in Tanzania.  

Mahenge graphite DFS results unveiled

By: Esmarie Iannucci     24th October 2018 A definitive feasibility study (DFS) into the Mahenge graphite project, in Tanzania, has increased the capital cost of the project, while both the estimated net present value (NPV) and internal rate of return (IRR) have dropped. ASX-listed Black Rock Mining on Wednesday revealed that the Phase 1... 

Barrick is said to favour taking back control of Acacia Mining  

By: Bloomberg     24th October 2018 Barrick Gold favours taking back control of its separately listed Tanzanian assets after completing its takeover of Africa-focused rival Randgold Resources, according to people familiar with the situation. Barrick spun off those assets in 2010 into a company now called Acacia Mining. That unit –... 

Kenya wins case against Cortec Mining on rare earths, niobium licence

By: Reuters     24th October 2018 Kenya has won a case against Cortec Mining Kenya Limited, Cortec and Stirling Capital over the revocation in 2013 of a licence for mining niobium and rare earth minerals, a court ruling made public on Tuesday showed. The decision could add to wariness about Kenya's nascent mining industry among... 

Acacia says senior manager charged in Tanzania corruption probe

By: Creamer Media Reporter      23rd October 2018 Acacia Mining on Tuesday reported that a senior manager of its Tanzanian businesses had been arrested and charged by the Tanzanian Prevention and Combating of Corruption Bureau (PCCB).  The senior manager has pleaded not guilty to all charges.   

There is room for more ride-hailing services, says Taxify country manager

By: Irma Venter     23rd October 2018 Taxify believes there is room for another electronic ride-hailing service in South Africa. US-based Uber started operations in South Africa in 2013, with Estonia’s Taxify moving into the country in 2016. 

Edenville submits RfQ documentation to Tanesco

By: Tasneem Bulbulia     22nd October 2018 Edenville Energy, which is developing a coal project in south-west Tanzania, has submitted the required documentation to Tanzania Electricity Supply Company (Tanesco) in relation to the utility’s request for qualification (RfQ) for coal-fired power generation projects in Tanzania.  The submission... 

Petra delivers sound Q1 production

By: Tasneem Bulbulia     22nd October 2018 London-listed Petra Diamonds achieved a solid operational performance in the three months ended September 30 – the first quarter of its 2019 financial year. Production for the period increased by 21% year-on-year to 1.07-million carats, mainly as a result of a 25% increase in run-of-mine... 

GR Engineering wins Fungoni EPC contract

By: Esmarie Iannucci     22nd October 2018 ASX-listed junior Strandline Resources has awarded fellow-listed GR Engineering Services the engineering, procurement and construction (EPC) contract for the Fungoni mineral sands project, in Tanzania. The EPC contract, valued at $17.6-million, will cover a two-million-tonne-a-year processing... 

Acacia Mining threatens to invoke investment treaty in Tanzania dispute 

By: Reuters     19th October 2018 Acacia Mining said on Friday it would seek direct dialogue with Tanzania over a long-running tax dispute and threatened to invoke a bilateral investment treaty should a settlement not be reached. Acacia's parent Barrick Gold has been negotiating with the Tanzanian government on behalf of... 

Kibo Energy says submits documents in bid for Tanzania coal to power project

By: African News Agency      19th October 2018 Africa-focused energy company Kibo said on Friday it had submitted its formal tender qualification document to the Tanzania Electricity Supply Company (Tanesco) for the Mbeya coal to power project, in line with the government’s new initiative to develop independent power projects. "Our visionary... 

Private-equity firm seeks out opportunities in Africa

By: Natasha Odendaal     19th October 2018 Fully black-owned private equity company Agile Capital is actively seeking to invest millions of rands into diverse sectors and companies with a solid presence across Africa. The pan-African group, formed in 2016 following the management buy-out of Zico Capital, has available capital of about... 

University hosts Africa’s first virtual reality press conference

By: Natasha Odendaal     19th October 2018 As Singularity University (SU) works to prepare global leaders and organisations for the future, it has showcased Africa’s first virtual reality (VR) conference, hosting SU leaders from around the world to discuss, in real-time, SU’s global vision and how to future-proof Africa. While SU global’s... 

Shanta revises FY18 production guidance lower

By: Creamer Media Reporter      18th October 2018 Aim-listed Shanta Gold has revised its production guidance for the full-year to about 80 000 oz of gold, compared with the previously targeted 82 000 oz to 88 000 oz, as a result of lower-than-expected mine grades, which have impact on production and increased the per unit cost. The gold miner,... 

South Africa elected chair of ACF

18th October 2018 South Africa has been elected chair of the continental competition body, the African Competition Forum (ACF).   The body, which comprises 31 members and five regional competition agencies, voted for three positions that include the chair, vice chair and the steering committee at a biennial... 

Volt granted graphite mining licence in Tanzania

By: Esmarie Iannucci     18th October 2018 ASX-listed Volt Resources has been granted two mining licences covering the Stage 1 and Stage 2 developments of its Bunyu graphite project, in Tanzania. The Stage 1 development is based on a mining and processing plant throughput rate of 40 000 t/y of ore to produce on average 23 700 t/y of... 

Acacia Mining says another employee arrested by Tanzania anti-corruption body

By: Reuters     17th October 2018 Acacia Mining said on Wednesday an employee and a former employee were detained by Tanzania's anticorruption authority, a week after the gold miner said another staffer had been released on bail after being charged with corruption. Tanzania's anti-corruption authority was quoted by local media as... 

ExecuJet welcomes first Pilatus PC-24 aircraft to its fleet 

By: Simone Liedtke     15th October 2018 Luxury aviation company ExecuJet on Monday welcomed the first Pilatus PC-24 aircraft in Africa to its premises at Lanseria International Airport, in Johannesburg. ExecuJet, which held a photo opportunity on Monday, is the first business aviation company in Africa to operate and manage a Pilatus... 

CAME Group parking solutions for revenue generation

By: Shannon de Ryhove     12th October 2018 Global technology company CAME, a group well-known in Italy and worldwide, has been operating in the home and building automation sector for over forty years. Cutting-edge technologies, soundness, efficiency and design are among the principles that guide the company in the design and... 

Acacia Mining says employee in Tanzania charged with corruption

By: Reuters     11th October 2018 London-listed Acacia Mining said on Thursday an employee at its North Mara mine in Tanzania was charged with corruption but plead not guilty and has been granted bail. The employee was "responsible for signing cheques for approved payments made by NMGML at the time, including a cheque regarding... 

DRC, Tanzania resource nationalist measures more extreme – Leon 

By: Martin Creamer     10th October 2018 The resource nationalist measures being implemented in the Democratic Republic of Congo (DRC) and Tanzania are significantly more extreme than those being adopted and even considered in most other African countries. One likely reason for this is that the DRC and Tanzania both suffer from... 

Edenville secures another offtake deal

By: Creamer Media Reporter      8th October 2018 Aim-listed Edenville Energy has signed an offtake deal to supply an industrial customer in East Africa with 300 t a month to 500 t a month of coal for two years. Edenville has been working with the customer throughout this year to create a product specifically suited to the customer's operations... 

Science fair affords students learnerships, prizes to promote science skills development

By: Marleny Arnoldi     5th October 2018 During the Eskom Expo International Science Fair, which was held from October 3 to 5, the Eskom Senior Grand Prize was awarded to a Curro Klerksdorp Grade 12 learner Aqil Variava, who developed the “pollution index” – a tool to investigate water quality. He won a R75 000 cash prize.  

Walkabout raises cash

By: Esmarie Iannucci     5th October 2018 Junior graphite developer Walkabout Resources will raise A$3-million to advance the development of its Lindi Jumbo project, in Tanzania, through a share purchase plan (SPP). The SPP will allow eligible shareholders to subscribe for up to A$15 000 worth of shares, priced at a 15% discount to the... 

SA to offer Swahili as a school subject

By: Martin Zhuwakinyu     5th October 2018 Readers of this column who are not news junkies like yours truly may have missed the announcement, made last month: South African schools, both public and private, will be offering Swahili as an optional language from 2020, alongside such foreign languages as French, German and Mandarin, which... 

Strandline signs another offtake agreement

By: Esmarie Iannucci     3rd October 2018 Mineral sands developer Strandline Resources has signed an offtake agreement with commodity trader Industrial Minerals and Metals (IMMCO) covering all the rutile to be produced at its Fungoni project, in Tanzania. The sale price for the rutile is based on the prevailing US-dollar market price... 

Govt to finalise biofuels regulatory framework by March 2019

By: Kim Cloete     1st October 2018 The government plans to finalise the long-awaited biofuel blending regulatory framework and have it approved by Cabinet before the end of March 2019, while the Department of Energy (DoE) is also focusing sharply on the development of gas-to-power opportunities. This was revealed in a speech read... 

Kibo, Sepco III extend due diligence deadline to end-November

By: Marleny Arnoldi     1st October 2018 Aim- and JSE-listed Kibo Energy on Monday announced that the due date by which potential equity investor Sepco III had to complete its internal investment process had been extended to November 30. This had initially been expected to be completed by September 30.  

Volt says Bunya licences recommended for approval

By: Creamer Media Reporter      28th September 2018 The Tanzania Ministry of Minerals has recommended the two mining licence applications covering the Bunya graphite project for approval, ASX-listed Volt Resources reported on Friday. The two mining licence applications cover the footprint for the Stage 1 and Stage 2 developments at Bunya. 

Trafigura Group helps re-establish historic African trade route

By: Tasneem Bulbulia     26th September 2018 Independent commodity trading group Trafigura has successfully taken the first step towards reopening one of Africa’s most historic trade routes, with a train journey that ended in the Angolan port of Lobito on Saturday, September 22. A cargo of 800 t of copper blister, bought by Trafigura from... 

New AngloGold boss weighs asset sales to unlock value at miner

By: Bloomberg     26th September 2018 AngloGold Ashanti’s new CEO Kelvin Dushnisky said his goal of unlocking value at the world’s third-largest gold producer will involve focusing on its best assets and selling those that aren’t core to the business. Dushnisky, 55, took over at AngloGold on September 1 as the Johannesburg-based... 

Fastjet flags dwindling cash resources, may end Tanzania operations

By: Reuters     26th September 2018 African airline Fastjet said on Wednesday its available cash resources were minimal and said it was in talks with major shareholders regarding potential equity fundraising. The company also said it was evaluating its Tanzanian operations and could cease operations in country. 

Kibo’s shares rise as Mbeya coal mine recommended for special mining licence

By: Simone Liedtke     26th September 2018 Aim- and JSE-listed Kibo Energy’s share price on the LSE increased by 10.69% on Wednesday morning after the company announced that the Mbeya coal mine, which comprises the mining component of the Mbeya coal-to-power project (MCPP), has been recommended for the grant of a special mining licence... 

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