http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.93Change: 0.00
R/$ = 12.70Change: -0.04
Au 1095.99 $/ozChange: 0.81
Pt 983.00 $/ozChange: 1.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jul 08, 2011

Multimillion-rand contract on track

Back
Cosira CEO John da Silva discusses steel demand patterns. Camerawork: Nicholas Boyd. Editing: Shane Williams
 
 
 
Construction|Gold|Africa|Botswana|CoAL|Contractor|Fabrication|Installation|Instrumentation|Mining|Namibia|Nuclear|Platinum|PROJECT|Projects|Resources|System|Africa|Zambia|Steel
Construction|Gold|Africa|Botswana|CoAL|Contractor|Fabrication|Installation|Instrumentation|Mining|Namibia|Nuclear|Platinum|PROJECT|Projects|Resources|System|Africa|Zambia|Steel
construction|gold|africa-company|botswana|coal|contractor|fabrication|installation|instrumentation-company|mining|namibia|nuclear|platinum|project|projects|resources|system|africa|zambia|steel
© Reuse this



South African steel fabrication and construction company Cosira Group reports that the multimillion- rand contract it is executing at nuclear giant Areva Resources’ Trekoppje mine, in Nambia, is on schedule and within budget.

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
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Metals News
Embattled South African steel producer ArcelorMittal South Africa (AMSA) has offered insight into the “fair pricing model” it has tabled before government in return for tariff protection and a government stipulation that locally manufactured steel be designated for...
Newcastle Works
Africa's largest steelmaker ArcelorMittal South Africa said on Friday its half-year losses widened amid lower international demand and a weak economy in its home market. Its headline loss per share rose to nearly 25 cents per share for the six months ended 30 June...
Article contains comments
More
 
 
Latest News
Transport Minister Dipuo Peters
Updated 41 minutes ago Transport Minister Dipuo Peters has asked the auditor general’s (AG) office to conduct a forensic investigation into allegations of financial mismanagement at the Passenger Rail Agency of South Africa (PRASA). Peters has commissioned the AG’s office – a Chapter Nine...
Embattled South African steel producer ArcelorMittal South Africa (AMSA) has offered insight into the “fair pricing model” it has tabled before government in return for tariff protection and a government stipulation that locally manufactured steel be designated for...
Telecommunications group Telkom on Friday said it had posted a 1.7% uptick in net revenue for the three months to June 30, on the back of a strong performance by mobile on data revenue and higher fixed-line subscription revenue. Mobile net revenue for the first three...
More
 
 
Recent Research Reports
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Construction 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Electricity 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Road and Rail 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
 
 
 
 
 
This Week's Magazine
Daimler truck test engineer Dirk Stranz pushes one button, and then retracts his hands from the steering wheel of the Mercedes-Benz Future Truck 2025. “And now the truck is driving itself.”
The statutory body responsible for skills development and support in the banking sector, BANKSETA, was investing R68-million in the capacity building project of the University of Venda (UniVen), announced Bankseta company secretary Caroline King at a media event in...
LIONEL MOYAL Cloud services providers must compete against other cloud services providers for business by providing up-to-date systems and services
Legacy information technology (IT) systems are becoming increasingly obsolete because of the maturity, efficiencies and cost effectiveness of cloud-based IT services, says information and communication technology major T-Systems subsidiary Intervate head Lionel...
ARMANDÉ KRUGER Balancing the collection and processing of data must be aligned to strategy
Many complementary services enable companies to derive broad value from data inside and outside them. The complexity of data management means that companies’ strategies determine the various data systems and functions they will use, says PBT Group regional sales...
The South African Civil Aviation Authority (SACAA) has announced that it had awarded the country’s first remotely piloted aircraft systems (RPAS) pilot’s licence. It was issued on Friday, July 10, to SACAA employee and qualified commercial pilot Nicole Swart,...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96