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Saoga upbeat about prospects for the gas industry in South Africa

By: Kim Cloete     19th October 2018 The South African Oil & Gas Alliance (Saoga) believes there are catalytic opportunities for developing the gas industry in South Africa, which have been buoyed by a renewed focus on attracting investment to the country. The two major opportunities will be the massive gas finds in neighbouring... 

Helios to enter South Africa within the next year, says CEO

By: Bloomberg     9th October 2018 Helios Towers wants to enter South Africa within the next year, helping the mobile phone tower operator build scale as it prepares for a stock market listing as early as 2019. Helios is in talks with potential partners to comply with South Africa’s black economic empowerment requirements and... 

Engen operations in nine African countries transfer to Vivo Energy in March 2019

By: Marleny Arnoldi     18th September 2018 Oil company Engen Holdings’ operations in nine sub-Saharan African countries will be transferred to JSE-listed downstream petroleum company Vivo Energy on March 1, 2019. The $203.9-million transaction will see Vivo’s retail service station network expand from 15 to 23 countries in Africa,... 

Cleveland-sized mine signals the path for an oil-sands revival

By: Bloomberg     12th September 2018 A colossal Canadian oil-sands project may be showing the way forward for an industry many thought would never see new investments. In a forest clearing roughly the size of Cleveland, building-sized trucks dump tons of oily soil into a massive crushing facility, while conveyors move the dirt on... 

IronRidge strengthens management team as it transitions from explorer to developer

By: Simone Liedtke     3rd September 2018 Aim-listed IronRidge Resources continues to strengthen its management team as it transitions from explorer to developer, through securing key executives and senior managers for the next phase of the company’s project and corporate development. On Monday, CEO Vincent Mascolo committed to a further... 

China's Xi offers another $60bn to Africa, but says no to 'vanity' projects

By: Reuters     3rd September 2018 Chinese President Xi Jinping offered another $60-billion in financing for Africa on Monday and said Chinese companies will be encouraged to invest no less than $10-billion over the next three years, but he also warned against "vanity projects". Speaking at the opening of a major summit with... 

China's TBEA to invest in €180m Gabon hydropower project – Gabon official

By: Reuters     3rd September 2018 Chinese energy firm TBEA will invest in a €180-million ($209-million) hydropower project in Gabon alongside the West African country's sovereign wealth fund, a Gabonese official said on Saturday. Construction will begin "pretty soon" on the project, which will have a power generation capacity of... 

China's Xi says no strings attached to funds for Africa

By: Reuters     3rd September 2018 Chinese funds are not for "vanity projects" in Africa but are to build infrastructure that can remove development bottlenecks, Chinese President Xi Jinping said on Monday, telling Chinese firms they also had to respect local people and the environment. Xi said at a business forum before the start... 

Petronas acquires 30% equity in Senegal oil, gas block

By: Reuters     13th August 2018 Malaysian oil and gas company Petroliam Nasional (Petronas) said on Monday it has acquired a 30% stake in Senegal's Rufisque Offshore Profond block, its first project in the West African nation. Oil major Total will maintain operatorship of the block with a 60% ownership, Petronas said in a... 

Gabon oil workers start 15-day strike at Total facilities

By: Reuters     9th July 2018 Gabon oil workers' union ONEP launched a 15-day strike at the facilities of French oil producer Total on Monday after its demands for higher salaries and other issues were not met, the union said in a statement. "The 15-day strike will affect all installations operated by Total Gabon's employees... 

Raubex Renovo Brings Mall Glamour To Cameroon

11th June 2018 A modern shopping mall, complete with convention centre and cinemas, will grace Cameroon’s financial capital city of Douala by the end of 2019 – and South African turnkey specialist Raubex Renovo is making it happen. The €45 million Douala Grand Mall is part of a larger development that will... 

Congo billionaire seeks French loan to develop iron-ore railway

By: Bloomberg     17th May 2018 Paul Obambi, a billionaire investor in the Congo Republic, is in talks with French lenders to fund a railway he’s building to export iron-ore. Obambi’s company Sapro SA is negotiating with “a consortium of banks” to finance the 450-km track that will link the southwestern town of Mayoko to a... 

Morrocan king to sign trade, mining deals with Congo republic

By: Bloomberg     26th April 2018 Moroccan King Mohammed VI will sign a series of investment agreements in a visit to Congo Republic this weekend, Environment & Tourism Minister Arlette Soudan-Nonault said. Mohammed will travel to the Central African nation for an April 28 summit of leaders to discuss the Congo Basin Blue Fund,... 

Free trade deal is much ado about nothing

By: Riaan de Lange     6th April 2018 It is the eightieth day of the year as I sit down to write this piece – the first full day of the sign of Aries. In case you are wondering, there are 285 days until the end of the year, and, in another 65 days, it will be Tax Freedom Day. It means that you will need to work up to May 25 to pay... 

Gabon to revise hydrocarbons law to attract investment – oil ministry

By: Reuters     23rd March 2018 Gabon plans to revise its hydrocarbons law to attract new investment, the oil ministry said on Thursday. Under the current legal framework, the Gabonese state holds a minimum 20% stake in oil projects. The state oil company has the right to a stake of up to 15%. 

Exciting prospects for national space agency

By: Rebecca Campbell     12th March 2018 The South African National Space Agency (Sansa) has a number of exciting opportunities for the next few years, CEO Dr Val Munsami told Engineering News Online on Monday. These include collaborations with other countries in Africa as well as with major global space agencies. Some of the proposed... 

Gabon accuses France's Veolia of polluting amid concession dispute

By: Reuters     28th February 2018 Gabon accused French environmental services group Veolia on Tuesday of widespread pollution at SEEG, the power and water utility it operates there, amid a growing dispute over the company's concession. Veolia, which has already threatened legal action after the government seized SEEG earlier this... 

Eramet eyes expansion in electric vehicle metals

By: Reuters     20th February 2018 Eramet CEO Christel Bories said on Tuesday that the French mining group is looking to expand in minerals like cobalt, lithium and nickel salts linked to energy transition markets like electric vehicles. Eramet is actively looking at acquisition targets after previously acquiring a lithium deposit... 

Board and management changes announced at Plymouth

By: Mariaan Webb     7th February 2018 Lithium-focused Plymouth Minerals on Wednesday announced board and management changes as part of its continued focus to advance the San Jose lithium/tin project, in Spain. Plymouth, which plans to change its name to Infinity Lithium, said it had strengthened its executive team with the... 

AfDB boosts ALBC Fund books with R140m loan

By: Megan van Wyngaardt     5th February 2018 To further enhance the African Local Currency Bond Fund (ALCB Fund) portfolio and promote the development of domestic capital markets across the continent, the African Development Bank (AfDB) has approved a loan of R140-million. The senior loan, with a seven-year tenor including a two-year grace... 

Junior projects lighting bright path into Africa for ‘search and solve’ group

By: Martin Creamer     26th January 2018 Motor and controls manufacturer Zest WEG Group, which designs, manufactures, markets and installs electrical products and solutions across the full electrical spectrum, is achieving great success with its new specially crafted ‘pavement pounding, search and solve’ business model that ensures... 

Plymouth to become Infinity Lithium, puts Gabon potash assets on the block

By: Mariaan Webb     25th January 2018 ASX-listed Plymouth Minerals, which is earning in to the San Jose lithium/tin project in Spain, has announced that it will sell its potash assets and change its name to reflect its sole focus. In an emailed newsletter, CEO and MD Adrian Byass said on Thursday that the name change to Infinity... 

Trek acquires Gabon project from Battery Minerals

By: Natasha Odendaal     11th January 2018 ASX-listed Trek Metals has acquired 100% of the Kroussou zinc/lead project, in Gabon, from fellow-listed Battery Minerals for $400 000 in cash and securities. A deferred consideration of options an shares totalling $2.5-million, which had been agreed in a binding term-sheet, will be subject to a... 

Reducing costs in the oil and gas industry: how mechanical pipe systems can help oil companies streamline operations

8th January 2018 Arrie Nel, Territory Manager at Victaulic   PwC’s “Africa Oil and Gas Review” for 2017, which was released in November, highlights how the global industry is still adjusting to the realities of a $50 to $60 per barrel oil price landscape. On the continent, other challenges that are specific to... 

Vivo to gain 300 stations in 9 African countries in Engen share transaction

By: Schalk Burger     5th December 2017 Petroleum and energy company Vivo Energy, which represents oil multinational Shell’s brand of fuels and lubricants in Africa, will gain 300 service stations across nine African countries after it agreed to buys shares in oil multinational Engen International Holdings from Engen Holdings in... 

Trek raises cash, acquires Arunta project

By: Esmarie Iannucci     15th November 2017 Junior explorer Trek Metals has acquired unlisted Elm Resources in a deal valued at A$300 000. Elm Resources is the owner of the Arunta lithium and cobalt project, in the Northern Territory, which includes seven exploration licenses applications totaling 5 274 km2. 

Petrochemicals product supplier launches ball valve

10th November 2017 Last month, multinational oil and gas product supplier Schlumberger announced the release of the GROVE IST integrated seat technology ball valve. The company, which has an Angolan office that services the Democratic Republic of Congo, Gabon, Kenya, Mozambique, Namibia, South Africa, Tanzania, and... 

Bristow, Friedland may go head-to-head in on-stage copper-gold debate

By: Martin Creamer     7th November 2017 Dr Mark Bristow of Randgold Resources and Robert Friedland of Ivanhoe Mines may go head-to-head in a live on-stage gold-versus-copper debate at the Investing in African Mining Indaba event at the Cape Town International Convention Centre from February 5 to 8, Mining Indaba MD Alex Grose disclosed... 

Oil prices still struggling but huge potential ahead for Africa

By: Kim Cloete     26th October 2017 Experts from UK-based Standard Chartered Bank expect the oil price will remain in the $45/bl to $60/bl-plus range. “We are in a lower for a longer cycle,” Standard Chartered Bank global head of energy and natural resources Peter Gaw told delegates at the Africa Oil Week, in Cape Town. 

Eramet expects significantly higher operating profit

By: Mariaan Webb     24th October 2017 French multinational Eramet’s operating income for 2017 is expected to exceed that of the previous year, the nickel and manganese producer reported on Tuesday, citing higher prices and productivity gains. The Euronext Paris exchange-listed miner reported operating profit of €84-million in 2016... 

RopeCrew

By: Zandile Mavuso     29th September 2017 Vertical safety systems company RopeCrew is a highly experienced and dynamic rope access company that offers industrial and offshore rope access services and work at height training. 

GoldStone completes first step of pit definition programme in Ghana

By: Anine Kilian     7th September 2017 Aim-listed GoldStone Resources has completed a deep trenching programme – the first step of a pit definition programme – on the Akrokerri licence, in Ghana.   The trenching was undertaken to define the extent of the mineralisation in the near-surface oxide zone of the known deposit, and to... 

Woodside steadily building its offshore position in Africa

By: Esmarie Iannucci     6th September 2017 Australian oil and gas major Woodside will continue to grow its portfolio of offshore petroleum assets across the African region, executive VP for global exploration, Phil Loader, said on Wednesday. Speaking on the sidelines of the Africa Downunder conference, in Perth, Loader said that the... 

IronRidge strengthens management team with appointment of exploration manager

8th August 2017 Aim-listed IronRidge Resources has appointed Joe Clarry exploration manager.   The appointment bolsters IronRidge's management team as the company continues to expand and develop its projects in Africa, in particular its rapidly developing lithium project portfolio. Clarry will work closely with... 

Fast, affordable power key for oil and gas producers

14th July 2017 Given the financial constraints facing the oil and gas industry, the ability to rapidly access affordable power generation that does not tie up capital could be what is needed to jump-start exploration and development activities across Africa, says energy solutions provider APR Energy regional... 

Gabon seeks private partners to boost processing of minerals

By: Bloomberg     11th July 2017 Gabon, Africa’s second-biggest manganese producer, wants to partner with private companies to process most its minerals locally before exporting them, Mining Minister Christian Magnagna said. Local processing will boost the mining industry’s contribution to gross domestic product from the current... 

Mining Indaba offering new junior zone, boosting interface opportunities 

By: Martin Creamer     4th July 2017 Strong new thrusts are planned for next year’s Investing in African Mining Indaba, which is scheduled to take place at the Cape Town International Convention Centre from February 5 to 8, once again to support investment in mining companies operating in Africa and to provide an effective platform... 

Kenya joins Africa Finance Corporation

By: Megan van Wyngaardt     21st June 2017 Kenya is the latest country to become a member of Pan-African multilateral development finance institution, the Africa Finance Corporation (AFC).   Kenya is the AFC’s fifteenth member and its third East African member after Rwanda and Uganda. The other members are Cabo Verde, Chad, Côte d’Ivoire,... 

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