R/€ = 14.80 Change: 0.04
R/$ = 12.11 Change: 0.02
Au 1331.36 $/oz Change: -5.09
Pt 1014.00 $/oz Change: 0.99


GoldStone investigates potential to restart Ghana underground mine

By: Megan van Wyngaardt     19th January 2018 Africa-focused miner GoldStone Resources has initiated a project to potentially revitalise the old Akrokeri underground mine, in Ghana. The mine is situated within the Akrokeri prospecting licence, about 1.5 km south of the proposed AK01 South pits. 

Asanko achieves solid quarter at Ghana mine

By: Megan van Wyngaardt     19th January 2018 A solid quarterly performance was recorded at NYSE-listed Asanko Gold’s eponymous mine in Ghana, which produced 51 550 oz in the fourth quarter of 2017. Asanko CEO Peter Breese on Thursday noted that this helped the company achieve its revised 2017 guidance, with full-year production of 205 047 oz. 

Regulatory uncertainty casting shadow over South Africa amid forecast for further minerals market uptick

By: Mia Breytenbach     19th January 2018 The South African mining industry has had a tumultuous time because of the controversial Reviewed Draft Broad-Based Black Economic Empowerment Charter for the South African Mining and Minerals Industry, also known as Mining Charter III, which, amid lingering political uncertainty, led to low... 

UK reaffirms commitment to promote trade and investment with Africa

By: Keith Campbell     19th January 2018 The British government has again given the assurance that it desires a mutually beneficial and thriving trade relationship between the UK and Africa once the country has left the European Union (EU). This was affirmed by Trade Policy Minister (equivalent to Deputy Minister in South Africa) Greg... 

West African gold explorer lists in Australia

By: Mia Breytenbach     18th January 2018 West African gold developer and explorer Tietto Minerals started trading on the ASX on Thursday, following its successful initial public offer (IPO) that raised A$6-million from institutional and high net worth investors, including two global resources funds. The company issued 30-million shares... 

IronRidge expands Ghana lithium prospects

By: Anine Kilian     17th January 2018 Aim-listed IronRidge Resources has further expanded its lithium interests in Ghana, with the acquisition of a highly prospective pegmatite tenure adjacent to its Ewoyaa prospect. The company entered conditional and binding terms with wholly owned Ghanaian company Joy Transporters, providing... 

Paragon sees in 2018 with major new projects across Africa

     16th January 2018 Paragon has confirmed its standing as a leading architecture, interior design, and space-planning practice with the completion of several major projects in 2017. “These were long in the making and large in scale, and have once more provided a new perspective on our capability,” according to... 

Goldplat extends option period for Ashanti to acquire stake in Anumso project

By: Anine Kilian     16th January 2018 Aim-listed Goldplat has agreed to extend the option period within which TSX-V-listed Ashanti Gold can acquire 75% of Goldplat’s interest in the Ghana-based Anumso gold project. Ashanti has the right to earn up to 75% of Goldplat's interest in Anumso by spending $3-million on exploration work.... 

Avocet defers sale of Burkina Faso operations at buyer’s request

By: Megan van Wyngaardt     12th January 2018 Aim-listed Avocet has deferred the completion of the $5-million sale of its Resolute operations in Burkina Faso, to Ghana-based Balaji Group, to January 25. The struggling miner set the sale in motion last year to stave off potential bankruptcy for its units in the West African country, with the... 

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... 

Two miners die at Golden Star’s Prestea mine, Ghana

By: Henry Lazenby     3rd January 2018 The TSX-listed equity of Africa-focused miner Golden Star Resources shed as much as 10% on Tuesday, following a company announcement that two miners have died on December 29 at its Prestea Underground mine, in Ghana. The Toronto-headquartered company, which also has listings on the Ghana Stock... 

Ghana Stock Exchange says three firms on delisting watch list

By: Reuters     27th December 2017 The Ghana Stock Exchange (GSE) has put on its watch list three distressed companies including Cocoa Processing Company (CPC) for possible delisting if their financials do not improve by the end of May, the exchange said on Wednesday. State-run CPC, known for its flagship 'Golden Tree' products,... 

Panthera starts trading on Aim market

By: Megan van Wyngaardt     21st December 2017 Gold exploration and development company Panthera Resources, with key assets in India and West Africa, started trading ordinary shares on the LSE’s Aim market on Thursday. On admission, the company had 61.8-million at a listing price of 20p apiece, giving Panthera an estimated market... 

Group Five expects material earnings impact as Kpone drags

By: Megan van Wyngaardt     19th December 2017 Owing to a number of delays at construction company Group Five’s $410-million independent gas- and oil-fired combined cycle power plant Kpone contract in Ghana, the company expects to report an impact on its group earnings and cash in the first half of 2018. The company was contracted to design,... 

Gold miner Avocet to sell Burkina Faso assets

By: Reuters     18th December 2017 Struggling miner Avocet Mining Plc said it would sell its assets in Burkina Faso for $5 million to Ghana-based Balaji Group, staving off potential a bankruptcy for its units in the West African country. The sale, which includes the Inata gold mine and the Souma exploration project, is part of a... 

Gold Fields Ghana to dismiss 1 500 staff as contractor hired

By: Bloomberg     12th December 2017 Gold Fields’ unit in Ghana said it will dismiss 1 500 of its own staff as the company is hiring a contractor to operate its biggest mine in the West African nation. A contractor will take charge of the Tarkwa operations from early 2018 as the deposit’s remaining life span is too short to replace... 

Khato Civils opens new head office in South Africa 

By: Anine Kilian     8th December 2017 South African construction and engineering company Khato Civils on Friday unveiled its official headquarters, located in Samrand, Gauteng. Speaking at the launch, Khato Civils chairperson Simbi Phiri noted that the company has expanded its operations to Botswana, Malawi, Zimbabwe, Ghana and... 

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... 

New standards change filtration requirements

By: Victor Moolman     1st December 2017 With filters being exposed to a much broader range of particle sizes, which requires higher levels of filtration maintenance, filter technology manufacturer Freudenberg Filtration Technologies (FFT) says attention should be drawn to the new ISO 16890 standard for filter testing and assessment.... 

South Zambezi delivers Engineering services: for Africa by Africans 

By: Tracy Hancock     1st December 2017 South Zambezi corporate director Sikanyisiwe Phiri and Makoko Makgonye discuss its role in developing Africa 

Huge Group appoints new Huge Telecom MD

By: Natasha Odendaal     28th November 2017 JSE-listed Huge Group has appointed MTN deputy CFO Gunter Engling MD of Huge Telecom. His appointment will be effective April 1, 2018, following the completion of his notice period with MTN. 

Ausdrill wins contract extensions in Africa and Australia

By: Creamer Media Reporter      28th November 2017 Mining services company Ausdrill said on Tuesday it had secured two contract extensions at African operations and one in Western Australia. The ASX-listed firm reported that South Africa-based AngloGold Ashanti had awarded its wholly owned subsidiary African Mining Services (AMS), a provision... 

Power underpins wave of African industrialisation

     24th November 2017 Power is closely tied to a surge of new infrastructure projects and rapid industrialisation across Africa, with significant opportunities still open to the power sector, delegates heard at a briefing for key power sector stakeholders in Sandton this week. Infrastructure spend across Africa will... 

Epic 3 190 km Uber trip a sub-Saharan Africa record

By: Irma Venter     24th November 2017 The longest Uber trip on record in sub-Saharan Africa was recorded in South Africa this year – 3 190 km from Cape to Durban, via Bloemfontein. The electronic ride hailing service does not disclose why the journey was made. The Uber app does, however, provide an estimated cost for the journey, at... 

Africa specialist punts local presence as key to capitalising as infrastructure spend set to boom

By: Megan van Wyngaardt     23rd November 2017 Through innovation in the energy sphere, Africa is slowly starting to overcome historical blockages that have prevented the continent from achieving economic growth and creating sustainable jobs, according to energy consultancy Africa House director Duncan Bonnett. Speaking at a PowerGen and... 

Gold Fields invests R6m to boost mechanised mining skills

By: Nadine James     22nd November 2017 South African gold miner Gold Fields on Wednesday announced a R6-million, three-year partnership with the University of the Witwatersrand (Wits) to further academic knowledge in the field of mechanised mining and rock engineering in South Africa. Gold Fields CEO Nick Holland and Wits... 

Paragon sponsors UJ’s Graduate School of Architecture

     17th November 2017 The main sponsor of the Summer Show 2017 at the University of Johannesburg’s (UJ’s) Graduate School of Architecture (GSA) in November is leading architecture, interior design, and space-planning practice Paragon of Sandton, Johannesburg. Paragon has a long association with UJ’s Graduate School of... 

African models boost construction development

By: Marleny Arnoldi     17th November 2017 Owing to various African countries’ having secured sovereign funding for construction projects that are being planned or in the process of implementation, these countries have the potential to promote rapid gross domestic product (GDP) growth, says consultancy firm WSP.  

Global wind power continues to propel forward in 2017

By: Kim Cloete     16th November 2017 China is surging ahead in wind power, blowing away the US – the world’s second-largest wind power market – by a long margin, while African countries are making more inroads despite facing challenges, delegates attending the yearly Windaba conference and exhibition, in Cape Town, have heard.... 

Company expands fluid technology services

     10th November 2017 Industrial product supplier Bearing Man Group’s (BMG’s) strategy to enhance its fluid technology services to meet growing market demand, encompasses the introduction of new products, with the latest developments in design technologies, materials and coatings. The company’s extensive range of... 

Uber reaches almost 1-million users in South Africa

By: Irma Venter     9th November 2017 The longest Uber trip on record in sub-Saharan Africa happened in South Africa this year – 3 190 km from Cape Town to Durban, via Bloemfontein. The electronic ride hailing service does not disclose why the journey was made. The Uber app does, however, provide an estimated cost for the journey, at... 

Khato Holdings is making great strides in Botswana and other SADC states 

     9th November 2017 Khato Civils has also established a country office in Botswana, where it has 60-million pula of equipment and has bought a 4 ha site on which to construct its head office in the country. Khato Civils CEO Mongezi Mnyani explains that the building plans are in the last stages of being approved by... 

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... 

AngloGold achieves strong Q3 performance, on track to meet FY guidance

By: Mia Breytenbach     6th November 2017 Johannesburg- and New York-listed AngloGold Ashanti generated free cash flow of $88-million in the third quarter of this year, following strong production and cost containment across its portfolio, and remains on track to meet its full-year guidance.  The free cash flow for the quarter, compared... 

Asanko reports improved Q3 operational, financial performance

By: Natasha Odendaal     3rd November 2017 Encouraging third-quarter operational results have translated into an improved financial performance for dual-listed Asanko Gold. The Canadian junior miner on Friday reported a 21% quarter-on-quarter increase in cash flow from its operations to $40.7-million. 

Uranium-endowed South Africa stands to benefit from ambitions to improve electricity access in Africa

By: Dylan Slater     3rd November 2017 In tandem with growing ambitions to increase access to electricity for many African citizens who currently have limited or no access to electricity comes the call for new large-scale power stations to be built. This has prompted a keen interest in nuclear power stations and, consequently, a... 

Ghana govt approves Azumah deal

By: Esmarie Swanepoel     27th October 2017 The Ghanaian Minister of Lands and Natural Resources has approved ASX-listed Azumah Resources’ A$17-million agreement with Ibaera Capital Fund. The agreement, which was announced in early August, will see Ibeara earn an initial 42.5% interest in Wa by spending $11.25-million over a two-year... 

Steady demand for customisable stainless steel products

By: Robyn Wilkinson     27th October 2017 Owing to its strong reputation for customisable turnkey solutions, there is steady and strong demand for stainless steel processing equipment manufacturer Anderson Engineering’s products throughout the African markets that it serves, says Anderson Engineering deputy MD David Nienaber. 

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