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Uganda's president 'astonished' MTN charged less for telecom licence renewal

By: Reuters     15th January 2019 Uganda's President Yoweri Museveni has criticised the telecommunications regulator after it slashed MTN Uganda's fee for renewing its telecoms licence, according to a letter seen by Reuters. Local media reported on Tuesday that the Uganda Communications Commission (UCC) had decided to charge MTN... 

Panthera granted new exploration licence in Mali

By: Tasneem Bulbulia     14th January 2019 Gold exploration and development company Panthera Resources, which owns assets in India and West Africa, has been granted a new exploration licence, replacing and considerably extending the tenure of the Kalaka licence, in Mali. The replacement Kalaka licence has been granted for an initial... 

Foreign investors eye stake in IOC’s LNG terminal to be commissioned this month

By: Ajoy K Das     14th January 2019 Indian Oil Corporation (IOC), the country’s largest oil refiner-marketer, will be willing to offer strategic equity stake to overseas investors in its liquefied natural gas (LNG) terminal ready for commissioning at the end of this month. IOC in a statement said that construction of the LNG... 

World Gold Council believes gold will become more relevant in 2019

By: Simone Liedtke     10th January 2019 The World Gold Council (WGC) has said it believes gold will become even more relevant this year owing to “its proven record” for delivering returns, its low correlation to major asset classes, its liquidity and its risk-adjusted returns. Looking ahead, the council expects gold demand to benefit... 

EU expected to clear steel import curb after Trump tariffs

By: Reuters     9th January 2019 European Union countries are expected to next week approve a scheme to limit imports of steel into the bloc following US President Donald Trump's imposition of tariffs on steel and aluminium entering the United States. The vote on Jan. 16 would put in place an effective cap on steel imports for... 

India’s plans for a natural gas trading hub in limbo

By: Ajoy K Das     9th January 2019 Having missed the December deadline to establish a national gas trading hub, India is unlikely to push ahead with its plans in the immediate future without solving the vexed issue of unbundling operations of State-run natural gas infrastructure owner and marketer GAIL India. The Petroleum and... 

India court backs Vedanta restart order while State appeals

By: Bloomberg     8th January 2019 India’s top court has asked Tamil Nadu to comply with a green tribunal order allowing the restart of Vedanta’s copper smelter that has been shut since March, while also agreeing to hear the southern state’s appeal. The Supreme Court, in an interim ruling, has asked Tamil Nadu to comply with last... 

Copper demand to outstrip production – Fitch

By: Tasneem Bulbulia     7th January 2019 Fitch Solutions Macro Research, a unit of Fitch Group, expects the global copper market will see a persistent undersupply over the coming years, as global consumption, driven by China’s power and infrastructure sectors and increasingly by rising electric vehicle production, continues to outpace... 

Africa, South America to drive copper mine capacity growth up to 2021 – ICSG 

By: Marleny Arnoldi     7th January 2019 The International Copper Study Group (ICSG) expects copper mine capacity to grow at an average rate of 2.2% a year up to 2021. The ICSG notes in its biannual ‘Directory of Copper Mines and Plants’ that the average is derived from the lower growth of about 0.5% seen in 2018/19 as compared to... 

India's top court says "every second counts" for miners trapped for 3 weeks

By: Reuters     4th January 2019 ndia's Supreme Court on Thursday ordered the government to list the steps it plans for the rescue of at least 15 miners trapped in a so-called "rat-hole" coal mine for three weeks in a remote hilly state, warning that "every second counts". The workers were ensnared on December 13 when the... 

India to auction 105 blocks in current FY, but upcoming election casts uncertainties

By: Ajoy K Das     21st December 2018 India will auction 105 mineral blocks before the end of the current financial year, the Mines Ministry informed Parliament on Thursday. According to information provided by the Mines Ministry, various state governments have completed the auction of 18 mineral blocks over the past nine months,... 

India likely to allow power plants to swap imported and domestic coal

By: Ajoy K Das     21st December 2018 Pushing through further rationalisation of coal supply linkages, India’s Coal Ministry is working on permitting thermal power plant operators to swap imported transported to deep into the hinterland with domestic coal being transported to plants along the coast. The Coal Ministry has set up an... 

Air Tanzania becomes first African-based Airbus A220 operator

By: African News Agency      21st December 2018 Air Tanzania as become the first African carrier to take delivery of the Airbus A220 aircraft, the newest addition to the Airbus family of commercial aircraft, the companies said on Friday. Representatives from the airline as well as Tanzanian government officials alongside executives from the... 

Northern Coalfields to hit 100Mt production in current FY

By: Ajoy K Das     20th December 2018 Northern Coalfields Limited (NLC), the wholly-owned operational subsidiary of State-run Coal India Limited (CIL), will invest an additional $612-million over the next three months of current financial year to hit its 100-million-ton-a-year production target. Should it meet that target by the end... 

India’s Coal Ministry extends timelines for ongoing coal block auction

By: Ajoy K Das     20th December 2018 India’s Coal Ministry has extended the timelines for various stages of auctioning 18 coal blocks that got underway on Wednesday and has also relaxed some terms and conditions for successful bidders. The auction of the coal blocks for users in steel, cement and captive power generation sectors... 

India state may cancel NMDC's Donimalai mine lease in levy dispute

By: Reuters     16th November 2018 The government of India's Karnataka state on Friday warned NMDC that it will cancel the lease of its Donimalai iron-ore mine if the State-owned miner refuses to pay an additional levy on the sale of its ore. Karnataka's threat to cancel the lease stems from a dispute between NDMC, India's... 

India’s Nalco to bid for bauxite blocks at auctions, readies to foray into merchant mining

By: Ajoy K Das     16th November 2018 With various Indian state governments readying to put 21 bauxite mines up for allocation, State-run National Aluminium Company Limited (Nalco) will put in bids at the auctions for captive consumption and foray into merchant mining of the raw material. The 21 bauxite blocks will be auctioned by... 

Deregulated India attracting tens of billions of dollars in foreign investment

By: Rebecca Campbell     12th November 2018 India attracted $44.9-billion in foreign direct investment during the 2017/2018 financial year, Indian High Commissioner to South Africa Ruchira Kamboj highlighted on Monday. She was addressing the Invest in India Business Forum in Sandton, north of Johannesburg. "Why India? Because it's the new... 

Is Basic Sanitation a Human Right?

By: Creamer Media Reporter      7th November 2018 From 2005 to 2017, Human Rights Watch conducted research in countries such as China, Russia, Nepal, South Africa, India and America to assess the levels of sanitation and other basic human rights. Senior women’s rights researcher at Human Rights Watch, Amanda Klasing, said, “The way people are... 

ALROSA to present more than 100 special size rough diamonds in Israel

2nd November 2018 ALROSA, the world's largest diamond mining company, will hold an auction for the sale of special size rough diamonds (over 10.8 carats) and polished diamonds of own manufacture. The auction will take place in one of the world's largest diamond trade centers - Ramat Gan (Israel), on November 4-22.... 

South Africa moves to reboot digital migration after years of delay 

By: Natasha Odendaal     2nd November 2018 Following years since embarking on, and the subsequent stalling of, South Africa’s migration from analogue to digital broadcasting, the Department of Communications (DoC) hopes to revive its momentum after revising its digital migration delivery model. The revised model approved by Cabinet in... 

South Africa moves to reboot digital migration after years of delay

By: Natasha Odendaal     2nd November 2018 Following years since embarking on, and the subsequent stalling of, South Africa’s migration from analogue to digital broadcasting, the Department of Communications (DoC) hopes to revive its momentum after revising its digital migration delivery model. The revised model approved by Cabinet in... 

South Africa needs new narrative to create inclusive growth

By: Tasneem Bulbulia     1st November 2018 South Africa needs positive leadership and a change in narrative to tackle its problems and create inclusive sustainable growth for all, said Discovery Group CE Adrian Gore during the opening of the Discovery Leadership Summit, in Johannesburg, on Thursday. The summit brought together many world... 

Global gold demand growing across market segments, held back by US ETF outflows

By: Marleny Arnoldi     1st November 2018 World Gold Council (WGC) member and market relations head John Mulligan says the third quarter was a strong one for the global gold industry. Although demand increased by only 1%, or 6 t, compared with the third quarter 2017, the 964 t of gold demand recorded in the third quarter was underpinned... 

Lessons on transforming manufacturing in India

By: Kim Cloete     31st October 2018 Transformational changes in manufacturing in India have been unpacked at the Lean Summit Africa 2018, in Cape Town, holding important lessons for ramping up efficiency and boosting competitiveness in South Africa. Takayuki Furuhashi, who is considered an international guru in the field of... 

New research finds developing countries’ coal miners face ‘substantial risk inequality’  

By: Tasneem Bulbulia     31st October 2018 Coal miners in developing countries are likely to be exposed to health and safety risks more often than those working in advanced economies, new research has found. Researchers from Cardiff University, funded by the Institution of Occupational Safety and Health (IOSH), have found that a lack of... 

Global governments improve business climate through reforms  

By: Marleny Arnoldi     31st October 2018 The Word Bank Group’s ‘Doing Business 2019: Training for Reform’ report finds that governments around the world have set a new record in bureaucracy busting efforts for the domestic private sector, implementing 314 business reforms over the past year. This number of reforms this year has... 

India considering ordinance to resume Goa iron-ore mining

By: Ajoy K Das     30th October 2018 With national elections barely a year away and pressures mounting from the ground up, India’s federal government is considering bringing in an ordinance to resume iron-ore mining in the western coastal state of Goa. Sources say that local government is concerned over the impact of the closure of... 

Volatility in global base metals industry to remain, but outlook stable – Moody’s

By: Marleny Arnoldi     30th October 2018 Financial services firm Moody’s Investor Service has a stable outlook for the global base metals industry over the next 12 to 18 months, although indications are that economic growth rates may have peaked. The firm said in a release on Tuesday that synchronised economic growth rates in 2018,... 

Advocacy organisation urges better enforcement of second-hand tyre regulations

By: Marleny Arnoldi     29th October 2018 Newly launched advocacy organisation Part Worn Africa is calling on governments and regulatory bodies across the African continent to develop and enforce stronger regulations governing the sale of part-worn and second-hand tyres. Part Worn Africa advocates that part-worn and second-hand tyres... 

Greenpeace Africa affirms Mpumalanga is a nitrogen dioxide air pollution hotspot

By: Marleny Arnoldi     29th October 2018 Greenpeace Africa states that analysis from satellite data between June 1 and August 31 shows that Mpumalanga is the world’s largest nitrogen dioxide air pollution hotspot across six continents. The data points to coal and transport as the two principal sources of the nitrogen dioxide air... 

Fossil Fuel Foundation sees clean coal as a solution for South Africa 

By: Kim Cloete     29th October 2018 The Fossil Fuel Foundation (FFF) has advocated strongly for coal to be retained as a sustainable part of South Africa's energy mix for the short to medium term. “Contrary to the popular belief that ‘coal is dead’, South Africa’s coal resources are abundant and can provide low-emitting,... 

Lithium giant clears hurdle in $4.1bn SQM stake buyout

By: Bloomberg     26th October 2018 China’s Tianqi Lithium cleared a major hurdle in its bid to buy a $4.1-billion stake in SQM, the world’s second-largest producer of the mineral used in electric-vehicle batteries. On Thursday, Chile’s constitutional court declared inadmissible a suit questioning whether an agreement between... 

Ramaphosa declares end to 'investment strike' and unveils R290bn in commitments  

By: Terence Creamer     26th October 2018 President Cyril Ramaphosa declared an end to South Africa's proverbial 'investment strike', when he unveiled firm investment commitments of R290-billion across a diverse range of sectors, from mining and energy to infrastructure and manufacturing, at a well attended and vibrant investment... 

Saudi miner Ma'aden actively looking for overseas investments - CEO

By: Reuters     26th October 2018 Saudi Arabian Mining Co (Ma'aden), the Gulf's largest miner, is actively looking for investment opportunities overseas that would complement and strengthen its business inside the kingdom, the company's CEO said on Thursday. Ma'aden, which mines gold and copper and has in recent years expanded... 

Sasol, Indian companies join EP100 global energy-saving initiative

26th October 2018 Petrochemicals giant Sasol and Indian companies UltraTech Cement, Mahindra Vehicle Manufacturers, Mahindra Heavy Engines and Godrej Industries and Associate Companies (Gilac) last month pledged to put energy efficiency at the heart of their business growth strategies by joining EP100. EP100 is a... 

ICT company continues to deliver on growth plans in H1

By: Simone Liedtke     25th October 2018 Information and communications technology (ICT) provider Allied Electronics (Altron) continued to deliver on its growth plans and reduce its debt, and completed the divestment of noncore assets in the six months to August 31. During a conference call on Thursday, the JSE-listed company noted that... 

Modern Water signs AMBC collaboration for Africa

24th October 2018 Modern Water plc, the owner of leading technologies for water and wastewater treatment and for the monitoring of water quality, has entered into a collaboration agreement with WEC Projects (Pty) Ltd, a leading South African EPC (engineering, procurement & construction) contractor which... 

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