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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.  

Ncondezi receives in principle support from all loan holders for loan restructuring

By: Simone Liedtke     30th August 2018 Aim-listed Ncondezi Energy has received “in principle” support from all loan holders to enter into a loan restructuring for its existing $5.1-million loan and on the process to conclude a binding joint development agreement (JDA) for the company’s integrated 300 MW power and coal mine project in... 

Ncondezi submits updated tariff proposal for Mozambique energy project

By: Marleny Arnoldi     26th July 2018 Aim-listed Ncondezi Energy has submitted an updated tariff proposal to Mozambican State-owned power utility Electricidade de Moçambique (EDM) and the Ministry of Mineral Resources and Energy (Mireme). The updated tariff proposal arose from a financial model submitted to the two authorities, which... 

Kibo signs development agreement with Sepco III

By: Simone Liedtke     3rd July 2018 Aim-listed Kibo Mining has signed a strategic development agreement (SDA) with China-based Sepco III to work towards enhancing Kibo’s strategy and the development of its portfolio of energy projects. As part of the SDA, Sepco III has committed to a two-stage equity investment in Kibo. 

Kibo, Termoeléctrica finalise Benga JV in Mozambique

By: Marleny Arnoldi     28th June 2018 Aim- and JSE-listed Kibo Mining has finalised a joint venture (JV) agreement with Mozambique energy company Termoeléctrica de Benga regarding the development of the Benga independent power project, in Tete, Mozambique. This agreement includes the right to build and operate a 150 MW to 300 MW... 

Ncondezi power project in Mozambique nears JDA completion, financial close 

By: Marleny Arnoldi     11th June 2018 The joint development agreement (JDA) for Aim-listed Ncondezi Energy’s integrated 300 MW power and coal mine project in Tete, Mozambique, is nearing completion.  

Kibo moves into the Mozambican market

By: Marleny Arnoldi     6th June 2018 Aim- and JSE-listed Kibo Mining has signed a joint venture (JV) agreement with Mozambican energy company Termoeléctrica de Benga to participate in the further assessment and potential development of the Benga independent power project, in Tete, Mozambique.  

Ncondezi raises £950 000

By: Simone Liedtke     4th May 2018 Aim-listed Ncondezi Energy has raised £950 000, before expenses, through a conditional placing of 15.2-million ordinary shares at a price of 6.25p apiece. The company will use the funds to strengthen its balance sheet as it moves towards the conclusion of a joint development agreement (JDA) for... 

Ncondezi confident it can achieve a more competitive tariff

By: Marleny Arnoldi     3rd May 2018 Preliminary results from a review of updated proposals for the engineering, procurement and construction (EPC), and operations and maintenance (O&M), contracts for Ncondezi Energy’s integrated 300 MW power and coal mine project, in Tete, Mozambique, are positive.  

Ncondezi reviews updated EPC, operations and maintenance proposals

By: Marleny Arnoldi     25th April 2018 Power development company Ncondezi Energy is reviewing updated proposals for the engineering, procurement and construction (EPC) and operations and maintenance (O&M) contracts for its integrated 300 MW power and coal mine project in Tete, Mozambique.  

Ncondezi JDA on track to be concluded by end-July

By: Simone Liedtke     18th April 2018 The joint development agreement (JDA) for Aim-listed Ncondezi Energy’s integrated 300 MW power plant and coal mine project in Tete, Mozambique, remains on track for completion by the end of July. Proposals for the engineering, procurement and construction (EPC) and operations and maintenance... 

Ncondezi signs non-binding agreement to develop Mozambique project

By: Anine Kilian     9th November 2017 Aim-listed solar energy equipment supplier Ncondezi Energy has signed a non-binding offer (NBO) with China Machinery Engineering Corporation (CMEC) and General Electric (GE) South Africa to develop, construct and operate the integrated Ncondezi 300 MW coal-fired power project and openpit coal... 

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,... 

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... 

Ncondezi confident of finding a partner for power plant project by year-end

By: Creamer Media Reporter      25th August 2017 Aim-listed Ncondezi Energy is hoping to complete the process of signing on a partner to assist with the development of its proposed 300 MW Ncondezi coal-fired power project, in Tete, Mozambique, by the end of this year. Ncondezi is seeking a partner capable of providing a leadership role in the... 

Things beginning to look up for Brazilian miner in Mozambique

By: Keith Campbell     15th December 2016 In a recent presentation to the New York Stock Exchange, Brazilian major mining group Vale reported on progress at its Mozambican operations. These comprise the Moatize coal mine and the Nacala Logistics Corridor. Moatize is primarily a metallurgical, or coking, coal mine while the Nacala... 

Equipment supplier sets 40% target for women representation by 2020

By: Dylan Slater     18th November 2016 Equipment supplier Barloworld Equipment – a division of JSE-listed Barloworld – recently launched its 40/20 strategy, which aims to increase women representation to about 40% of the company’s staff by 2020.  

AFC commits $3m to Ncondezi development

By: Megan van Wyngaardt     31st August 2016 The Africa Finance Corporation (AFC) has committed an additional $3-million loan facility to Ncondezi Energy to fund ongoing project development costs at its 300 MW coal-fired power project in Tete, Mozambique. The loan, which will be paid in two tranches, will be used to cover costs not included... 

Mozambique reports unquantified diamond discovery

By: Keith Campbell     22nd July 2016 In Mozambique, the National Director of Mines last week confirmed that diamonds had been discovered in the Massangena district of the Gaza province. Talking to the Maputo newspaper Notícias, he refused to say how many diamonds had so far been found, but stated that exploration and prospecting... 

Upscaled infrastructure and regional integration needed in Africa

10th June 2016 Africa is urbanising at a rapid pace, which means infrastructure such as bypasses, bridges, new highways and new technologies needs to be deployed in congested areas where traditional methods cannot work, notes Africa-focused consultancy Africa House director Duncan Bonnett. 

South African industry has new infrastructure opportunities in Sub-Saharan Africa if they take long term view

By: Creamer Media Reporter      6th June 2016 In the face of growing international competition in Sub-Saharan Africa, South African-based companies need to take a long-term strategic view of the region and how best to take advantage of the opportunities presented by the demographic, industrial and energy evolution that is taking place. “Low... 

South African Industry Has New Infrastructure Opportunities In Sub-Saharan Africa If They Take Long-Term View

16th May 2016 In the face of growing international competition in Sub-Saharan Africa, South African-based companies need to take a long-term strategic view of the region and how best to take advantage of the opportunities presented by the demographic, industrial and energy evolution that is taking place. “Low... 

Eqstra warns of lower H1 earnings, to sell Moz mining equipment assets

By: Megan van Wyngaardt     3rd February 2016 JSE-listed mobile capital equipment distributor Eqstra has, through its Mozambican subsidiary, signed a memorandum of agreement with Minas de Benga Limitada to dispose of all plant and equipment assets used in the provision of mining services during a five-year contract at Minas’ Benga coal mine,... 

Fears increase over the stability of Lake Kariba dam wall and possible disaster 

By: African News Agency      16th October 2015 With the rainy season on the horizon, the panic level among-millions of Mozambicans is rising by the day in fear of a growing possibility of the collapse of the ageing Kariba Dam wall. The collapse of the decades-old wall would send billions of tonnes of water rushing downstream and on to... 

Engen launches Sub-Saharan African supply corridor

11th September 2015 Engen, a leading African energy multinational, has significantly increased its supply capacity to southern African countries with the launch of Beira Terminal in Mozambique. The new terminal is aimed at strategically boosting security of supply and strengthening the supply chain in the region. An... 

Cement supplier gears up for increased demand

22nd May 2015 Cement producer PPC is gearing up for expected demand growth by constructing a new 3000 t/d clinker kiln at its Slurry cement factory, in the North West. The new kiln at Slurry will boast a six-stage pre-heater tower design as was used on PPC’s Dwaalboom kiln, in Limpopo, that was completed in 2008. 

Ncondezi coal to power project, Mozambique

By: Sheila Barradas     3rd April 2015 Ncondezi Energy has been granted an extension for meeting certain conditions of the conditional commercial deal it signed with Electricidade de Moçambique for its 300 MW power plant. 

Engen builds new depot to cater for Mozambican growth, East-African supply

13th February 2015 Engen, a leading African energy multinational, has continued its robust investment programme on the continent with the construction of a third petroleum products terminal in Mozambique. The 24 000m³ depot will supply petrol, diesel and lubricants to the main hubs in the country, as well as other... 

Beacon Hill updates finance arrangements, strengthens balance sheet to provide solid foundation for growth

By: Leandi Kolver     1st December 2014 Aim-listed Beacon Hill Resources has updated its financing arrangements and restructured its debt in an attempt to strengthen and de-risk its balance sheet to provide a more solid foundation for future growth as it targeted more economic and competitive coking coal production from 2016 onwards.... 

Ncondezi power plant project, Mozambique

18th July 2014 Ncondezi Energy is in the closing stages of negotiating the key detailed parameters of the power purchase agreement and power concession agreement for its 300 MW power plant project. 

Training centres assist in developing welding skills

By: Ilan Solomons     13th June 2014 Engineering and construction company Kentz, through the establishment of training solution centres locally and in Mozambique, has assisted 180 people to become skilled artisans over the last six years. “We are assisting in developing much needed skills, such as welding, in South Africa and... 

Ncondezi power plant project, Mozambique

23rd May 2014 The Ncondezi power project has been included in Mozambique’s electrification and power generation strategy. 

Ncondezi now included in Moz electrification, power generation strategy

By: Leandi Kolver     20th May 2014 Aim-listed Ncondezi Energy’s 300 MW Ncondezi power project, in Tete, Mozambique, is now included in the country’s electrification and power generation strategy, the company said on Tuesday. Ncondezi had, in December last year, fulfilled all conditions precedent to the Power Framework Agreement... 

Moz power sector in rapid expansion phase

By: Ilan Solomons     18th April 2014 Mozambique was building several new gas, coal and hydropower stations to address the country’s growing electricity demand, said Mozambique State-owned power utility Electricidade de Mozambique (EDM) board adviser Marcelino Gildo Alberto at the 2014 Power & Electricity World Africa conference,... 

Moatize independent power producer project, Mozambique

By: Sheila Barradas     11th April 2014 The project involves the development of a 300 MW pulverised fuel subcritical coal-fired independent power producer project, in Tete. 

Beacon Hill takes receipt of 90 wagons for Moatize project

By: Natalie Greve     25th March 2014 Ninety coal rail wagons destined for coal producer Beacon Hill Resources’ Minas Moatize coking coal mine, in Tete, Mozambique, have been successfully offloaded at the Port of Beira, further progressing the company’s end-to-end logistics strategy and enhancing its rolling stock operations. The... 

Kentz awarded Moatize coal processing Phase 2 project

By: Leandi Kolver     6th March 2014 Engineering and Construction group Kentz has been awarded the second phase of Brazil mining company Vale’s Moatize coal processing plant, located at the company’s Moatize coal mine, in Tete, Mozambique. Kentz was awarded Phase 1 of this project in 2009, which subsequently became its flagship... 

Beacon Hill delists from ASX

By: Natalie Greve     23rd January 2014 Following an announcement in September that Beacon Hill Resources had been given approval by the ASX to be removed from the exchange’s official list, the company will be delisted and, therefore, no longer be traded on the ASX after the close of trading on January 23. No change would occur to the... 

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