Jul 08, 2011
Multimillion-rand contract on trackBack
© Reuse this
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© Reuse this Comment Guidelines (150 word limit)
Other Steel News
Fabrication, refurbishment and engineered solutions provider DCD Venco helped prevent further delays on the Blast Furnace N5 Reline Project at steel giant ArcelorMittal South Africa’s (AMSA’s) Newcastle Works facility in KwaZulu-Natal, in August last year, after it...
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
This Week's Magazine
Projected capital expenditure (capex) in the South African automotive assembly industry should reach a record R7.48-billion this year, says the National Association of Automobile Manufacturers of South Africa (Naamsa) in its 2014 fourth quarter business review. Capex...
After several years of navigating project-threatening red tape and currency fluctuations, the 4.4 MW Bronkhorstspruit biogas power plant, which will supply clean energy to a leading automotive manufacturer in Gauteng, is expected to enter production before June....
South African paper and pulp producer Sappi reported earlier this month that it would build a pilot plant for the production of low-cost Cellulose NanoFibrils, or CNF (nanocellulose) at the Brightlands Chemelot Campus in Sittard-Geleen in the Netherlands.
The long-term outlook for Nigeria is a country that has the potential to be very strong. So affirmed International Monetary Fund (IMF) Nigeria Mission Chief and Senior Resident Representative Dr Gene Leon on recently. "But we are starting from a point of huge...
Poor infrastructure planning and inadequate maintenance are becoming increasingly problematic for new developments and the associated infrastructure required to support such developments. In many urban and rural municipalities, the state of infrastructure has been...