Jul 08, 2011
Multimillion-rand contract on trackBack
The project scope includes structural, mechanical, electrical, instrumentation, platework and piping (SMEIPP). This entails the provision and installation of free issue mech- anicals, fabrication and the erection of platework and piping for the maxi back-end of a new uranium plant.
“We have delivered about 90% of the structural steel to site and the fabrication of the piping system is about 80% complete. Construction progress on site is over 50% complete,” says Cosira CEO John da Silva.
The SMEIPP contractor says the contract, which was awarded in December 2010 and is due for completion in February 2012, is a significant contract for the group.
“The project has further exposed Cosira Group to the sub-Saharan African market on a larger scale. “As a result, we have also tendered for Trekoppje mine’s front-end maxi project and we are optimistic about our chances of securing the contract, based on our current project performance,” he notes.
Further, the group aims, in the future, to tap into the SMEIPP markets in Mozambique, Zambia, Zimbabwe and Botswana, as well as in Namibia. “We see great potential in South Africa’s neighbouring countries in growing our Pan-African project footprint,” says Da Silva.
He notes that the group has witnessed a reasonable increase in steel demand in Southern Africa, owing to increased activity in the mining industry and certain other projects coming on line.
“Platinum, diamond, gold and ferrochrome mining projects are increasingly growing in sub-Saharan Africa, with further projects in the coal-mining industry taking off,” he says.
Demand is not yet significant and therefore lacks stability, but it is balanced, considering the competitive nature of the industry and price increase pressures, he adds.
The group reports that the volatile steel price is affecting its business and competitiveness, but emphasises that it mostly quotes its clients on projects based on a fluctuation indices methodology.
Edited by: Chanel de Bruyn
Creamer Media Senior Deputy Editor Online
To subscribe email email@example.com or click here
To advertise email firstname.lastname@example.org or click here
Other Metals News
Article contains comments
Article contains comments
Updated 58 minutes ago The JSE-listed Emira Property Fund has invested over R250-million in acquiring new centres and upgrading its shopping centres to strengthen its retail assets, according to Emira CEO Geoff Jennett, who stated on Thursday that the company was investing strategically....
Updated 1 hour 11 minutes ago JSE-listed Equites Property Fund achieved an 18.3% year-on-year increase in distributions to 96.6c a share for the year ended February 29. “The distribution growth reflects the strong property fundamentals of the Equites logistics portfolio,” Equites CEO Andrea...
Updated 1 hour 22 minutes ago It takes a coherent company to successfully and sustainably close the gap between strategy and execution in Africa, and one of the key factors in doing so is unconventional leadership, which is needed to foster the behavior required of coherent companies, according...
Recent Research Reports
Energy Roundup – May 2016 (PDF Report)
The May 2016 roundup covers activities across South Africa for April 2016 and includes details of the National Energy Regulator of South Africa’s proposal to introduce a coal benchmark cost as part of its final decision on Eskom’s multiyear price determination...
Automotive 2016: A review of South Africa's automotive sector (PDF Report)
Creamer Media’s Automotive 2016 Report provides an overview of South Africa’s automotive industry over the past 12 months. The report provides insight into local demand and production, vehicle imports and exports, investment and competitiveness in the sector, as well...
Energy Roundup – April 2016 (PDF Report)
The April 2016 roundup covers activities across South Africa for March 2016 and includes details of a North Gauteng High Court Judge’s dismissal of a court application to postpone the 9.4% electricity tariff increase, which the National Energy Regulator of South...
Electricity 2016: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2016 report provides an overview of South Africa’s electricity sector, focusing on State-owned power utility Eskom and independent power producers, electricity planning, transmission, distribution and the theft thereof, besides other issues.
Energy Roundup – March 2016 (PDF Report)
The March 2016 roundup covers activities across South Africa for February 2016 and includes details of the Department of Energy’s plans to announce the preferred bidders for the first tranche of the coal independent power producer procurement programme; the Council...
Steel 2016: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2016 Report examines South Africa’s steel industry over the past 12 months. The report provides insight into the global steel market and and particularly into South South Africa’s steel sector, including production and consumption, main...
This Week's Magazine
The two spent-fuel pools at Eskom’s 1 800 MW Koeberg nuclear power station, in the Western Cape, will be full by 2018, increasing the urgency on the State-owned utility to begin pursuing alternative storage options. Koeberg has, over the past 32 years, accumulated a...
South Africa lacks the skills necessary to implement the government’s plan to build 9.6 GWe of new nuclear energy capacity, warns nuclear-qualified Quality Strategies International CEO David Crawford. “Apart from the concern about the affordability of the programme,...
Cybersecurity multinational Check Point has released its latest 700-series cybersecurity systems for small businesses, which draw on its international threat intelligence to provide up-to-date cybersecurity, says Check Point South Africa country manager Doros...
Daimler Trucks and Buses Southern Africa (DTBSA) saw a marked slip in new-vehicle sales in 2015 compared with 2014, with sales dropping from 5 897 units to 5 300 units. The decline came as the South African new truck and bus market declined from 31 558 units in 2014...
Group of 20 (G-20) economies threatened to penalise havens that don’t share information on their banking clients after the leak of the Panama Papers provoked a global uproar over tax evasion. The G-20 will consider “defensive measures” against financial centers and...