R/€ = 14.12 Change: -0.05
R/$ = 13.22 Change: -0.13
Au 1244.71 $/oz Change: -7.74
Pt 950.00 $/oz Change: -1.00


Strong outlook for recovering ferrochrome industry – Merafe

By: Martin Creamer     8th March 2017 Ferrochrome and chrome ore prices recovered from rock bottom in the first quarter of last year to levels twice and four times higher respectively in 2017, a year in which a shortage of electricity supply has ceased to be a constraining factor, ferrochrome company Merafe reports. Despite market... 

Port of Maputo entrance channel dredge completed

By: Irma Venter     1st March 2017 The dredging of the access channel to the Port of Maputo from 11 m to up 14.4 m (chart datum) has been completed. “Those three additional metres allow us to affirm, with pride, that we are a port prepared to receive Capesize ships,” says Maputo Port Development Company (MPDC) CEO Osório Lucas. 

Right conditions will unlock shared value for all South Africans – South32

By: Martin Creamer     6th February 2017 The right conditions will enable mining companies to deliver inclusive growth and meet the expectations of stakeholders, as well as deliver superior returns to shareholders, South32 president and COO Africa Mike Fraser said on Monday. In delivering a forceful address at the Investing in African... 

ANC wants government to bail out poultry industry

By: African News Agency      31st January 2017 The African National Congress (ANC) on Monday, said it had resolved that government should buy struggling but productive poultry farms in a bid to save jobs and increase food security and production. South African chicken producers, including Rainbow Chicken, are set to retrench more than 3,500... 

Puma Energy’s Richards Bay fuel storage facility operational

By: Anine Kilian     24th January 2017 Independent fuel distribution company Puma Energy’s new fuel storage facility in Richards Bay, KwaZulu-Natal, has become fully operational and the company has started supplying aviation fuel to the OR Tambo International Airport, in Johannesburg. Puma Energy established its newest storage... 

Continental vision identifies mining’s role in transforming economies

By: David Oliveira     21st October 2016 The need to diversify Africa’s primary-resource export-focused economies in support of other industry-related value chains is key to helping transform the continent’s economy and generate greater wealth from its significant minerals endowment. At this year’s Joburg Indaba, which took place... 

Merafe ferrochrome output rising in higher price environment

By: Martin Creamer     12th October 2016 The attributable ferrochrome production of Merafe is on the rise, with the black-controlled JSE-listed company reporting upped output primarily on additional production from the low-energy Project Lion II furnaces of the Glencore Merafe Chrome Venture. South Africa’s 300 000-member Bafokeng... 

Grindrod reports some interest in locomotive unit despite weak market

By: Irma Venter     9th September 2016 A depressed commodities market continued to takes its toll on shipping and logistics group Grindrod in the six months ended June 30. Grindrod reported a drop in revenue to R11-billion in its management income statement – which included the company’s share in joint ventures – compared with... 

Botswana, Mozambique and Zimbabwe revive plan for inter-regional railway project

By: African News Agency      8th September 2016 The governments of Botswana, Zimbabwe and Mozambique have signed a Memorandum of Understanding for the construction of a regional railway line to link Francistown in Botswana to the Mozambican port of Techobanine, through Bulawayo, in Zimbabwe. Once completed, the Port Techobanine Inter-Regional... 

TNPA to boost dredging skills through launch of R30m simulator

By: Shirley le Guern     5th September 2016 Transnet National Ports Authority (TNPA) has launched Africa’s first dredging simulator – a computerised training cockpit for aspirant dredger operators – in Durban.  The dredging simulator is located at Durban’s Maritime School of Excellence (MSoE) and will form the core of the school’s newly... 

Grindrod records R1.1bn loss, ready to develop Coega liquid-bulk terminal

By: Irma Venter     25th August 2016 A depressed commodities market continued to take its toll on shipping and logistics group Grindrod in the six months ended June 30. Grindrod on Thursday reported a drop in revenue to R11-billion in its management income statement – which included the company’s share in joint ventures – compared... 

LSFB demand shows steady growth

By: Victor Moolman     12th August 2016 The use of light steel frame (LSF) building has been growing steadily for the last seven years, partially owing to architects looking for alternative building methods to overcome the inefficiencies of conventional masonry building, says the Southern African Light Steel Frame Building Association... 

Multimillion Rand Africa Projects Offer Huge Potential For SA Stainless Steel Supply

     5th August 2016 Strategic trips by the Southern Africa Stainless Steel Development Association (sassda) to Tanzania, Senegal and Mozambique as part of the dti’s Export Marketing and Investment Assistance Scheme (EMIA) have yielded a number of exciting, ‘new market’ opportunities for local companies wishing to... 

Carlos Poñe

By: Sebastian Whyle     5th August 2016 This week we feature Carlos Poñe, CE: Africa at AECOM, a fully integrated infrastructure and support services company 

Mozambique reports unquantified diamond discovery

By: Keith Campbell     22nd July 2016 In Mozambique, the National Director of Mines last week confirmed that diamonds had been discovered in the Massangena district of the Gaza province. Talking to the Maputo newspaper Notícias, he refused to say how many diamonds had so far been found, but stated that exploration and prospecting... 

SA, India to deepen trade ties

By: African News Agency      8th July 2016 Indian Prime Minister Narendra Modi’s current visit to South Africa has presented the opportunity for the two countries to enhance trade and investment relations, President Jacob Zuma said on Friday. "We are looking to increase and diversify South African exports to India. We have identified new... 

Shanghai, Ncondezi sign shareholders agreement for Moz power plant

By: Natasha Odendaal     7th July 2016 Chinese energy company Shanghai Electric Power (SEP) and Ncondezi Energy this week signed a shareholders agreement term-sheet in Maputo, Mozambique, marking a significant step towards the completion of the joint development agreement for the planned 300 MW Ncondezi coal-fired power project, in... 

Infrastructure equity fund achieves successful sale of toll road assets

By: Anine Kilian     6th July 2016 African Infrastructure Investment Managers (AIIM) has sold investments in three privately concessioned toll roads in Southern Africa, the private equity fund manager said on Wednesday. Acting as the manager of the South Africa Infrastructure Fund (SAIF), AIIM successfully concluded the... 

More support needed for local steel industry

By: Robyn Wilkinson     1st July 2016 While government has increased import tariffs to protect the local steel market from low-cost Chinese imports, steel products manufacturer and supplier LionSteel CFO Pierre Willemse believes that more needs to be done to support the South African steel market. 

LionSteel puts the roar back into Capital Star Steel

     28th June 2016 Despite its war-torn past, Mozambique has long been viewed as a country that offers great commercial potential to companies which are prepared to invest and commit to its economic and social growth. LionSteelís recent acquisition of Capital Star Steelís (CSS) steel pipe mill in Matola, Maputo,... 

Summit brings governments, operators and investors together

     24th June 2016 Regional and international stakeholders for East and Central Africa's transport infrastructure sector will be gathering once again at the seventh East & Central Africa Roads & Rail Infrastructure Summit 2016 (Roads & Rail 2016) to be held on September 27 and 28 in Dar es Salaam, in Tanzania. 

Coca-Cola opens new $130m bottling plant in Mozambique

By: African News Agency      21st June 2016 Coca-Cola Bottling Company on Tuesday announced the official opening of its world-class bottling facility in Matola Gare, near Maputo, Mozambique. The plant, built over three years at a cost of $130-million, is the largest green-field facility in Coca-Cola Sabco’s history across its seven-country... 

Moz coal sector under strain as country looks to cooperation with Botswana

By: Keith Campbell     3rd June 2016 It is reported from Mozambique that three of the companies producing coal in that country have stopped, or significantly scaled back, their mining activities. According to the Maputo daily Notícias that are the Indian groups International Coal Ventures Limited (ICVL) and Jindal Africa, and... 

Acsion revenue increases fourfold to R453.3m

By: Anine Kilian     30th May 2016 Releasing its maiden results since listing on the JSE last year, real estate investment trust Acsion reported a 322% increase in revenue year-on-year for the year ended February 29, with the company’s 2015/16 revenue pegged at R453.3-million, compared with a revenue of R107.4-million recorded in... 

Mozambique seeks to handle commodity price falls and secret debt crisis

By: Keith Campbell     27th May 2016 A Mozambican government minister has called on mining companies working in the country to focus on the future as it battles though the current economic downturn. Justice Minister Isaque Chande urged them to plan and execute structural measures to secure their investments. He was speaking at a... 

Another Mozambique coal railway project develops, while country is hit by debt scandal 

By: Keith Campbell     6th May 2016 The international tender for the construction of a new railway to link Mozambique’s coal fields to the coast closed at the end of last week. The project is being developed by Thai Moçambique Logística, a joint venture between Thailand-based Italian Thai Development Company, which has a 60% share,... 

South African architecture set for significant changes

     3rd May 2016 THE South African architectural industry is changing so radically and with such speed that current business practices will be virtually unrecognisable a decade from now. This is according to leading architectural firm SVA International, which has been a major industry player for the past 73... 

AfDB pledges increased financial support for Mozambique

By: Mia Breytenbach     22nd April 2016 The African Development Bank Group (AfDB) has affirmed its commitment to continue supporting the growing Mozambique economy, particularly regarding the country’s energy, agriculture and infrastructure sectors. Leading a team of senior staff to Maputo earlier this month, AfDB president Akinwumi... 

Maputo seeks capital gains taxes from mining majors

By: Keith Campbell     22nd April 2016 Mozambique’s Tax Authority has confirmed that it is holding negotiations with Vale Mozambique, the local subsidiary of major Brazilian mining group Vale, on the payment of capital gains tax. Vale Mozambique is one of a number of major companies with whom the Tax Authority is currently having such... 

The Mozambique Mining, Oil and Gas and Energy 2016 event gains momentum

     4th April 2016 Interest in the fifth bi-annual international strategic conference on Mozambique Mining, Oil & Gas, and Energy sector (MMEC) is growing at a rapid rate.  

Mozambique coal miners’ power station projects making ‘visible progress’

By: Keith Campbell     25th March 2016 One of the international companies that has developed coal mines in Mozambique’s Tete province, India’s Jindal Africa, a subsidiary of Jindal Steel and Power, has advertised in the Maputo newspaper Notícias for a consultant to serve as a project manager for its planned power plant at its Chirodzi... 

Gas-fired combined-cycle power plant project, Mozambique

By: Sheila Barradas     11th March 2016 The project entails the construction of a 110 MW gas-fired combined-cycle power plant. 

Petroplan expands its African offering

     10th March 2016 Petroplan is delighted to announce its expansion into Mozambique, having received its official business license earlier this month. The Maputo-based team, which is working with one of sub-Saharan Africa’s leading oil and gas companies, will be supported by existing Petroplan offices in London,... 

Outward African image needs changing to court foreign investment

By: Henry Lazenby     8th March 2016 Africa has a negative outward image, partly owing to the ignorance of outsiders, but mainly owing to a lack of cohesive strategies to tell the positive news about the continent. Speaking during a panel hosted by MineAfrica and the Canada-Southern Africa Chamber of Business, which explored... 

Quick Turnaround Achieved On Rotor Rewind For Sugar Mill Alternator

     9th February 2016 Marthinusen & Coutts recently performed a rush job for sugar producers Tongaat Hulett in repairing the rotor of the 20 MW salient pole synchronous alternator at its Xinavane mill near Maputo, Mozambique. The division carried out the complex task at its Cleveland, Johannesburg, facility in just... 

Konecranes – 106 years on

     2nd February 2016 Konecranes, today one of the top crane and hoist companies in the world, started off from humble beginnings in an old stable in the suburbs of Helsinki, Finland, in 1910. The history of the company is a rich and varied one, with the company growing into a major player in the world’s crane... 

Greater Maputo water supply expansion project, Mozambique

By: Sheila Barradas     22nd January 2016 The project forms part of the World Bank-funded Corumana water supply system. 

Maputo ranked African large city with highest potential for inclusive growth

By: David Oliveira     15th January 2016 Mozambique’s capital Maputo was the large African city with the highest potential for inclusive growth, according to the 2015 MasterCard African Cities Growth Index (ACGI). Casablanca, in Morocco, and Lagos, in Nigeria, ranked second and third respectively.   Now in its third year, the ACGI... 

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