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Himoinsa

By: Zandile Mavuso     22nd August 2017 As a global corporation that designs, manufactures and distributes power generation equipment globally, Himoinsa adds incomparable application and engineering know-how, excellent design and service capabilities, delivering value beyond the equipment it produces. 

Infrastructure deficit shaves 40% off Africa’s competitiveness

By: Natasha Odendaal     21st August 2017 Africa’s multibillion-dollar infrastructure deficit is not only severely hampering seamless regional integration, industrialisation and efficiencies, but is also detrimental to the overarching competitiveness of the emerging continent. It is believed that Africa could be losing in excess of 40%... 

Zambia restores full power supply to First Quantum mines

By: Reuters     21st August 2017 Zambia has restored full electricity supply to the mines of First Quantum Minerals, the ministries of finance and energy said on Saturday, after reducing power to the mines earlier this week in a dispute over new, higher prices. Zambia's state power company reduced electricity supply to two First... 

Auctions steam ahead

By: Terence Creamer     18th August 2017 South Africa may be on the global sidelines currently with regard to the procurement of new renewable generation capacity, chiefly because of Eskom’s refusal to enter into new power purchase agreements. Nevertheless, as a relatively early adopter (some might even say pioneer) of the auction... 

Billions in investment to propel Zambia’s Mopani mine into costs ‘premier league’

By: Ilan Solomons     18th August 2017 “Like a sports team, Mopani copper mine, in Kitwe, Zambia is near the bottom of the league and needs to improve its ranking to avoid relegation or closure,” says diversified mining major Glencore’s Mopani copper mine CEO Johan Jansen, using a football analogy to explain where the company is in... 

Crystal Events Africa

     18th August 2017 Crystal Events Africa, formerly Crystal Events & Incentives, is a leading conference, incentive travel and corporate meeting organiser in South Africa. Its recent expansion into Africa has increased its business capacity to successfully drive intercontinental business through in-bound incentive... 

Firms joining forces to raise $500m for mining projects, particularly in Africa

By: Ilan Solomons     18th August 2017 Mining investment advisory company MX Mining Capital Advisors and law firm Norton Rose Fulbright South Africa are collaborating to assist in raising about $500-million in finance for mining projects worldwide and for Africa based ones in particularly. MX Mining is focused on raising capital and... 

New truck dealership opens in Lusaka

By: Irma Venter     18th August 2017 Volvo Group Southern Africa, in partnership with Titanium Motors, has opened a new dealer facility in the Zambian capital, Lusaka, in a R130-million investment. The dealership will provide services to Volvo Trucks and UD Trucks customers operating in the region.  “Zambia is a key African market... 

EMR Capital to take 80% stake in Zambia copper mine

By: Reuters     16th August 2017 Private equity house EMR Capital has purchased an 80% stake in a Zambian copper mine from African Rainbow Minerals (ARM) and its partner for $97.10-million, ARM said on Tuesday. The 80% indirect interest in Lubambe Mine, held equally by ARM and Vale International includes the equity holding in... 

Africa's biggest copper mine hit by Zambian power restrictions

By: Bloomberg     15th August 2017 Zambia is cutting power to mines including Africa’s biggest copper site, the Kansanshi pit owned by First Quantum Minerals, escalating a fight over tariffs. "They have still got some significant amount of power for them to operate, but obviously their operations will not be at 100% because of the... 

Connemara appoints new CEO

By: Samantha Herbst     14th August 2017 Aim-listed Irish exploration company Connemara Mining has appointed Patrick Cullen its new CEO, effective from Monday.   Cullen boasts over 20 years of experience in the mining and exploration sector, most recently as a director of UK-based mining and metals company Kodal Norway. He was also... 

Zambia's CEC confirms reduced power supply to Glencore's copper miner

By: Reuters     14th August 2017 Copperbelt Energy Corp (CEC), Zambia's main supplier of power for its mines, confirmed on Sunday that it has restricted the amount of electricity it supplies to Glencore unit Mopani Copper Mines (MCM) because of a dispute over tariffs. Mopani said on Saturday that it has suspended operations in... 

Britain's Tullow launches oil, gas exploration in Zambia

By: Reuters     11th August 2017 British company Tullow Oil on Friday started exploring for oil and gas in Zambia, Africa's No.2 copper producer, as the country pushes to diversify its economy and reduce its reliance on the industrial metal. Copper mining earns Zambia more than 70% of its foreign exchange but the southern... 

South Africa sets up entity to house all radio astronomy facilities

By: Keith Campbell     11th August 2017 South Africa has consolidated its radio astronomy facilities into a single institution, the South African Radio Astronomy Observatory (SARAO). This happened at the end of last month when Science and Technology Minister Naledi Pandor announced that the Hartebeesthoek Radio Astronomy Observatory... 

Volvo Car SA ready for hybrid, electric vehicle rollout post-2019, says MD

By: Irma Venter     10th August 2017 Volvo Car South Africa (VCSA) MD Greg Maruszewski is confident the local arm of the Swedish group will be able to thrive under its parent company’s new powertrain policy. Volvo announced last month that all new cars launched globally from 2019 onwards will be partially or completely... 

Depressed nickel price prompts care and maintenance for First Quantum’s Ravensthorpe mine

By: Henry Lazenby     10th August 2017 Starting in September, base metals producer First Quantum Minerals will mothball its nickel-producing Ravensthorpe mine, in Western Australia, on the back of the persistently low nickel price, the company announced on Wednesday. The Toronto-headquartered company expects that full care and... 

China to lend Zambia over $280m to improve telecoms

By: Reuters     4th August 2017 China will lend Zambia $282-million to improve the nation's telecommunications infrastructure and increase mobile phone usage over three years, the Chinese ambassador said on Friday. Zambia, Africa's No.2 copper producer, has over 12-million mobile phone service subscribers, equivalent to about... 

HMA South Africa announces exclusive Fireye distributorship

     4th August 2017 The Fireye range of flame monitoring and combustion control equipment for industries as diverse as petrochemical and power generation is now available from HMA South Africa, the newly-appointed exclusive distributor for the region. Already well-established in the South African market for about 33... 

Sean Gilbertson takes over Gemfields' reins as new CEO

By: Martin Creamer     4th August 2017 Long-serving Gemfields executive board member Sean Gilbertson, who was recently appointed executive director of Pallinghurst, is the new CEO of Gemfields, the coloured gemstone mining and marketing company that has delisted from the London Aim and is now an unlisted subsidiary of Pallinghurst.... 

SADC urged to liberalise services and improve business environments

By: Keith Campbell     4th August 2017 In addition to making intraregional trade in goods easier, the member countries of the Southern African Development Community (SADC) should facilitate intra-bloc trade in services and improve their business environments, the Organisation of Economic Cooperation and Development (OECD) argued in... 

ABB opens new office in Namibia

By: Natasha Odendaal     2nd August 2017 Technology multinational ABB has unveiled a new 2 200 m² facility in the heart of Windhoek, after the consolidation of two of its Namibia-based offices. The merge boosted the group’s capacity to better supply, maintain and service products in the local market and neighbouring countries, such as... 

Zambia’s offgrid homes to be equipped with pay-to-own solar home systems

By: Natasha Odendaal     2nd August 2017 Energy and financial services firm Fenix International is working to deploy pay-to-own solar home systems in Zambia leveraging telecommunications giant MTN’s mobile money platform. In partnership with the Swedish Embassy in Zambia, which committed nearly $3-million to the project up to 2020,... 

DBSA committed to funding infrastructure projects throughout SADC

By: Anine Kilian     1st August 2017 With low levels of electrification hindering economic growth and development in sub-Saharan Africa – where 78% of the population is reliant on biomass as their main energy source – $57-trillion will be required until 2030 to fund the continent’s infrastructure and energy projects, according to... 

Agriculture a significant growth area for Africa

By: Anine Kilian     31st July 2017 Agriculture is the largest economic growth sector for Africa, New Partnership for Africa's Development business foundation CEO Lynette Chen said at the Southern African Development Community (SADC) Industrialisation Week on Monday. She pointed out that less than 10% of arable land in Africa was... 

Comair reports its diversification strategy is working

By: Keith Campbell     28th July 2017 South African airline group Comair Limited’s strategy of countering the weak local air passenger market by diversifying its business is proving successful, reports company CEO Erik Venter. “It’s working very well. About 20% of our profits are coming from our non-airline businesses and we’re... 

US farm equipment maker looking to Africa for future growth

By: Dylan Slater     28th July 2017 US-based agricultural equipment manufacturer and supplier Agco is directing a large portion of its future growth potential into Africa, specifically South Africa, as a key market going forward.  

Copper trumps politics as investors take shine to Zambian assets

By: Bloomberg     27th July 2017 Investors are overlooking Zambia’s political risk and buying the nation’s assets as the price of copper, its biggest export, rises. The yield on Zambia’s $1-billion Eurobonds due April 2024 have fallen 135 basis points this year to 7.55% on Wednesday. The southern African nation’s currency has... 

Vedanta’s Zinc International production down y/y in Q1, Zambia copper production improves

By: Mia Breytenbach     26th July 2017 Diversified miner Vedanta Resources' Zinc International business recorded a 25% year-on-year decrease in production to 32 000 t  for the quarter ended June 30 – the first quarter of its 2018 financial year. The decrease was mainly as a result of an planned plant shutdown at the acid plant, as... 

Zambia's Konkola halts operations at Nchanga mine after cable theft

By: Reuters     26th July 2017 Zambia's Konkola Copper Mines (KCM) said on Tuesday it was halting operations indefinitely at its Nchanga underground mine (NUG) in Chingola state due to theft of high voltage cables. Konkola, a subsdiary of London-listed Vedanta Resources, said it had also evacuated its 991 workers. The company... 

With drought threatening food security, farmers turn to drip irrigation 

By: Anine Kilian     21st July 2017 With the recent drought in Southern Africa compounding the unpredictable impact of climate change on food production, local farmers are converting to drip irrigation in an attempt to conserve water, using less to produce more, according to Crookes Brother’s Limited (CBL) MD Guy Clarke. During a... 

SA committed to increasing trade with Zambia, says DTI minister

By: African News Agency      21st July 2017 South Africa was committed to increasing trade and addressing the trade imbalance with Zambia. This was according to South Africa’s Minister of Trade and Industry, Dr Rob Davies, ahead of a two-day Outward Trade and Investment Mission to Lusaka, Zambia, from 24-25 July. 

SA committed to increasing trade with Zambia, says dti minister

By: African News Agency      21st July 2017 South Africa was committed to increasing trade and addressing the trade imbalance with Zambia. This was according to South Africa’s Minister of Trade and Industry, Dr Rob Davies, ahead of a two-day Outward Trade and Investment Mission to Lusaka, Zambia, from 24-25 July. 

Nakambala sugar mill expansion project completed

By: Tasneem Bulbulia     21st July 2017 During the third quarter of 2017, project management and equipment design company Bosch Projects completed the implementation of the Nakambala Product Alignment and Refinery project in Mazabuka, Zambia. Bosch Projects sugar sector director Steven Rosettenstein, who was the project manager for the... 

Self-Generated Power Needs Special Focus On Efficiency

     20th July 2017 Remote projects that are far from national power grids will tend to pay a premium for generating their own energy; so they need to plan carefully to use it as efficiently as they can. This is the advice of Zest WEG Group CEO Louis Meiring, who emphasises the opportunities presented by modern... 

Russian nuclear giant in MoU with Africa’s young nuclear professionals

     19th July 2017 Russian energy group Rosatom today signed a Memorandum of Understanding on support and cooperation with the African Young Generation in Nuclear organisation, at the POWER-GEN & DistribuTECH Africa conference and exhibition in Sandton. Rosatom, participating in a one-day Nuclear Forum at POWER-GEN... 

Pallinghurst setting out to revitalise Gemfields as 100% owner

By: Martin Creamer     19th July 2017 Owning 100% of Gemfields will allow diversified mining company Pallinghurst to revitalise the coloured gemstones mining and marketing entity and to unlock synergies, Pallinghurst CEO Arne Frandsen said on Wednesday, when the London Stock Exchange aspirant commenced its compulsory take up of the... 

MSA Africa, Africa Fire Mission donate essential firefighting equipment

     19th July 2017 MSA Africa has teamed up with Non-Profit Organisation (NPO) Africa Fire Mission and High Pressure Systems (HPS) to donate essential firefighting equipment to Machakos County in Kenya. The latest donation of an advanced, energy-efficient Bauer compressor to fill Self-Contained Breathing... 

Process Pipes

By: Zandile Mavuso     18th July 2017 With 47 years’ expertise in the pipes industry, wholesale carbon and mild steel pipes, fittings and flanges wholesaler Process Pipe has established a national footprint in South Africa, with branches in Gauteng (Alrode), KwaZulu-Natal (Jacobs) and two branches in the Western Cape (Belville and... 

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