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Energy efficient lighting solution successfully installed

By: Thabi Madiba     22nd February 2019 Luminaires and glass-fibre-reinforced polyester poles manufacturer BEKA Schréder is proud to have worked with consulting engineers and project managers firm Bicon Consulting Engineers, consultant company WSP, and information technology specialists RM Consulting in providing a successful energy... 

Gemfields’ latest Lusaka emerald auction generates $10.8m in revenue

By: Tasneem Bulbulia     21st February 2019 Gemfields’ latest auction of predominantly commercial-quality rough emeralds, held in Lusaka, Zambia from February 18 to 20, saw 24 companies placing bids and generated revenue of $10.8-million with an overall average value of $4.39/ct. 

Zambia, Zimbabwe shortlist foreign firms to build hydro plant

By: Reuters     21st February 2019 Zambia and Zimbabwe have shortlisted American, European and Chinese companies to build the Batoka Gorge hydro power plant, the ministry of finance said in statement on Wednesday. Preparatory studies, including engineering feasibility, for the 2 400 MW power station will be completed by end of the... 

Arc raises £2.2m for Zambia copper project

By: Creamer Media Reporter      19th February 2019 Aim-listed Arc Resources has raised £2.2-million through the placing of 73.6-million units at 3p each. Proceeds of the placing will be used to fund the continuing exploration and development work on the company's Zamsort copper project, in Zambia, and for general working capital purposes. 

M&R expects significant improvement in interim HEPS

By: Nadine James     19th February 2019 JSE-listed engineering group Murray & Roberts (M&R) expects a significant improvement in total earnings per share (EPS) and headline earnings per share (HEPS) for the six months ended December 31. Basic EPS for the period are expected to increase by between 57% and 75% year-on-year to between 44c... 

Aveng to sell Infraset to Colossal Africa Consortium

By: Tasneem Bulbulia     18th February 2019 JSE-listed Aveng has entered into a binding term sheet for the sale of the Aveng Infraset businesses, comprising the South African division and the Infraset business of the foreign subsidiaries of Aveng Africa, to the Colossal Africa Consortium. Infraset was identified as a noncore asset during... 

High-flying Amplats sets ‘next wave of strategy’ in motion 

By: Martin Creamer     18th February 2019 Anglo American Platinum (Amplats), which shot the lights out with a set of stupendous cash-splurging, debt-negating, high-dividend-yielding 2018 results, on Monday set its “next new wave of strategy” in motion, which involves extracting the full potential from its operations through people and... 

Nevada like Witwatersrand of 1970s – Bristow 

By: Martin Creamer     15th February 2019 Nevada is like the Witwatersrand of the 1970s, says new Barrick Gold president and CEO Dr Mark Bristow, whose Randgold Resources is now merged into Barrick to form the world’s biggest gold mining company, which is also an extractor of copper, a metal that Bristow sees as “another gold”. The brand... 

2019 to be an ‘important year’ for First Quantum

By: Simone Liedtke     15th February 2019 TSX-listed First Quantum Minerals is set for “another important year” as the Cobre Panama project, in Panama, is gearing up to start production, chairperson and CEO Philip Pascall said on Thursday, announcing the miner’s fourth-quarter and year-end results. He reported that the development of... 

Tanzania hydropower dam to cost more than double government estimate – study

By: Reuters     15th February 2019 Tanzania's Stiegler's Gorge Dam, due to be built on a Unesco World Heritage site, will cost more than double the government's estimates, an independent study showed on Thursday. In December, Tanzania signed a deal with two Egyptian companies, El Sewedy Electric Co and Arab Contractors, to build... 

Xtract concludes MoA to explore for copper/gold resource in Zambia

By: Tasneem Bulbulia     11th February 2019 Xtract Resources on Monday concluded a memorandum of agreement (MoA) with an unnamed consortium to jointly undertake exploration works on a small-scale copper/gold mining licence, in Zambia. The parties hope to identify a copper/gold resource at the licence within 24 months. 

Glencore's Zambian unit suspends operations after three workers die in fire 

By: Reuters     8th February 2019 Glencore's Zambian unit Mopani Copper Mines said on Friday it had suspended operations at its Mindola north shaft after three workers were killed in a fire accident. Mopani is one the biggest mining companies in Zambia – Africa's No. 2 producer of the metal – with an output of around 100 000 t/y.... 

Zambia receives bids for stake in State mining investment arm

By: Reuters     5th February 2019 Zambia has received bids from Canada's First Quantum Minerals (FQM) and others for a 17% stake in state mining investment arm ZCCM-IH, the finance minister said on Tuesday. "There are multiple unsolicited offers on the table, including from FQM, which are based on preferential share conversions,"... 

Significant new target areas discovered at Zamsort

By: Tasneem Bulbulia     4th February 2019 Initial results from Arc Minerals’ airborne geophysical and soil sampling programme at the Zamsort copper/cobalt project, in north-western Zambia, have identified significant new target areas. Two large new targets – Cheyeza West and Lumbeta – have been discovered. 

Zambia fires CEO of State mining investment arm ZCCM-IH

By: Reuters     1st February 2019 Zambia has fired Dr Pius Kasolo, the CE of State mining investment arm Zambia Consolidated Copper Mines Investment Holding (ZCCM-IH), Mines Minister Richard Musukwa said on Friday, without giving a reason. On Monday, Kasolo said the government should quickly resolve its tax row with mining... 

Sub-Saharan Africa Eurobonds to perform better this year

By: Reuters     1st February 2019 Eurobonds from sub-Saharan Africa will perform better this year even though debt levels in some parts of the region are ballooning, as diminishing prospects for further U.S. interest rate hikes support demand, a Reuters poll found. All but one of ten analysts surveyed this week said it would be a... 

BI assists sugar industry with essential maintenance in ‘off-crop’ season

31st January 2019 Leading supplier Bearings International (BI) assists its sugar-industry clients with essential maintenance and equipment upgrades of sugar mills, especially in ‘off-crop’ season. BI has been supplying industrial power transmission products to the sugar industry for the past 60 years. An area of... 

Hino SA expects truck market to remain flat, aims to set up dedicated EHCV dept

By: Irma Venter     30th January 2019 The South African new-truck market grew by 4.6%, to 27 492 units, in 2018 compared with 2017, says Hino South Africa (SA) VP Ernie Trautmann. Within this market, medium commercial vehicle (MCV) sales increased by 0.3%, to 7 913 units, with heavy commercial vehicle (HCV) sales expanding by 1.7%,... 

Zambian cement producer stocks up on critical spares from SEW-EURODRIVE (Pty) Ltd.

30th January 2019 A major cement producer in Zambia has not only standardised on products from SEW-EURODRIVE (Pty) Ltd., but has also invested significantly in a comprehensive stockholding of critical spare units to prevent any costly downtime and subsequent loss of productivity. The multimillion-rand order... 

Vedanta’s Zambia unit says new tax regime won't affect jobs

By: Bloomberg     30th January 2019 Vedanta's Zambian unit will press ahead with expansion plans even as the government of Africa’s second-biggest copper producer increased mining royalties, and has undertaken not to fire any workers. The assurance by Konkola Copper Mines, following a meeting between management and government... 

Zambia's mining investment arm ups stake in Copperbelt Energy

By: Reuters     28th January 2019 Zambia's State mining investment arm is increasing its shareholding in Copperbelt Energy Corporation (CEC) by 4%, its CEO said on Monday. "We are increasing the shareholding in CEC by 4%and are also looking to buy more shares," Pius Kasolo, CE of ZCCM-IH said during a media briefing. 

Barrick CEO on Zambia tax dispute: Threats don't solve problems

By: Bloomberg     25th January 2019 Barrick Gold’s new CEO, Mark Bristow, said his company is seeking solutions to a dispute over mining taxes in Zambia. “We’re engaged with the government in a constructive way,” he told reporters at a press conference in the Ivory Coast’s economic capital, Abidjan. “We don’t believe that... 

Expanded products portfolio leads to new opportunities

By: Cameron Mackay     25th January 2019 New markets and opportunities have arisen after technical solutions provider BMG expanded its products portfolio with the addition of Fenner conveyor belting products last year. “BMG decided to sign a long-term agreement in 2018 with polyvinyl chloride (PVC) solid woven conveyor belting products... 

Major upgrades to start at six airports

By: Mc'Kyla Nortje     25th January 2019 South African airport management company Airports Company of South Africa (ACSA) announced that upgrades and improvements over the next three to eight years at six of the country’s airports will cost about R26-billion. The upgrades and improvements are primarily to improve passenger facilities... 

Flowtite launches impact-resistant pipe solution as it marks fiftieth anniversary

By: Schalk Burger     25th January 2019 Multinational glass fibre-reinforced polyester (GRP) pipes manufacturer Flowtite celebrated its 50-year anniversary with the local launch of its impact-resistant Grey-brand pipes last month. The pipes facilitate rapid, easy installation for heavy-duty water uses and the use of native backfill and... 

First Quantum Minerals scraps plan to cut jobs in Zambia

By: Reuters     23rd January 2019 Canadian mining firm First Quantum Minerals says it has ended plans to layoff 2 500 workers in Zambia due to higher tax plans and will continue to dialogue with the government over the issue. "First Quantum will not now proceed with the planned lay-off of any Zambians involved in its production... 

Wine export values rise despite drought, lower volumes

By: Marleny Arnoldi     22nd January 2019 Despite 2018 being a challenging year for the wine industry, with a low-yielding harvest owing to the regional drought, the Wines of South Africa (WoSA) Export Report has found positive growth in the overall value of exports. The 4% increase in the value of exports to R9.06-billion reflected... 

First Quantum achieves record copper sales, production in 2018

By: Nadine James     16th January 2019 TSX-listed copper miner First Quantum has announced record production and sales for 2018, with copper output rising by 6% and sales by 3%. Total copper production amounted to 605 853 t, compared with 573 963 t in 2017. The company sold 596 513 t in 2018, compared with 580 130 t the year prior.   

Vedanta tells top English court pollution case should be heard in Zambia

By: Reuters     16th January 2019 Lawyers for Vedanta Resources told England's Supreme Court on Tuesday that a case raised against the mining company by nearly 2 000 Zambian villagers should be heard in Zambia not London. India-listed Vedanta, which delisted from London last year but maintains a legal base in Britain, is... 

Commodity-Wide Success For Kwatani Screens

15th January 2019 The recent orders won by vibrating screen and feeder specialist Kwatani have cemented its reputation as the leading South African original equipment supplier (OEM) with a truly cross-commodity footprint. Kwatani’s custom engineered products are now in some of the world’s largest mines, and many... 

Multotec Brings Value Of Spirals To More Minerals

15th January 2019 Experience in the field and in its test laboratory has allowed Multotec Process Equipment to prove the economic impact of applying spiral concentration technology to high value minerals used in cellular phones and electric cars. “A number of customers mining minerals such as copper, lithium, tin... 

Barrick CEO to forge ahead in Latin America despite past strains

By: Bloomberg     11th January 2019 Barrick Gold Corp’s new boss intends to push ahead with plans to increase investment in the mineral-rich – but environmentally tricky – deposits straddling the Chile-Argentina border. “If you want to find elephants, go to elephant country,” CEO Mark Bristow, a South African geologist and big-game... 

South African company building new smelter in Zimbabwe

By: Creamer Media Reporter      9th January 2019 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... 

Deep in a Panama rainforest, First Quantum bondholders spy prize

By: Bloomberg     9th January 2019 First Quantum Minerals is poised to fire up a giant copper project in Panama, thousands of miles from its beleaguered mines in Zambia. For bondholders, that’s a welcome distance. The Canadian copper company is ramping up production at the Cobre Panama plant this year, even as a mining tax hike... 

First Quantum plans 2 500 layoffs in Zambia over tax hikes

By: Reuters     21st December 2018 Canada's First Quantum Minerals (FQM) said on Friday that it would lay off 2 500 workers in Zambia over plans by Africa's No.2 copper producer to hike mining taxes. The southern African country plans to introduce new mining duties, replace value-added tax (VAT) with a sales tax and increase... 

Nampak produces ‘pleasing’ FY18 results despite challenging environment

By: Nadine James     27th November 2018 Packaging company Nampak has achieved positive results for its continuing operations for the financial year ended September 30, with profit up 29% year-on-year to R1.2-billion and headline earnings a share up 15% year-on-year to 168.7c a share. Nampak CEO André de Ruyter told Engineering News... 

Barrick Gold eyes assets, exploration as it plots new phase 

By: Bloomberg     17th November 2018 Barrick Gold, soon to become the world's largest bullion miner, is interested in adding more copper assets as long as the red metal is accompanied by bullion, executives said on Friday. Barrick, which expects to complete its $6.1-billion takeover of Randgold Resources January 1, outlined plans... 

South Africa moves to reboot digital migration after years of delay 

By: Natasha Odendaal     2nd November 2018 Following years since embarking on, and the subsequent stalling of, South Africa’s migration from analogue to digital broadcasting, the Department of Communications (DoC) hopes to revive its momentum after revising its digital migration delivery model. The revised model approved by Cabinet in... 

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