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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... 

Water footprinting integral to water management systems

     27th May 2016 Professional services firm WSP | Parsons Brinckerhoff Africa have shifted focus to advising clients within the private sector to focus on their water strategies in order to sustainably manage water resources while lowering operational costs. WSP have assisted companies such as private hospital... 

Continually flipped Moz gold project goes for $17.5m

By: Martin Creamer     26th May 2016 The Manica gold project in Mozambique, which has been bought and sold several times in recent years, is being disposed of once more. On two occasions the disposals have been conducted under the same management head – Jan Nelson, who announced on Thursday that his London Aim-listed Xtract had... 

Sasol begins drilling of Mozambique PSA licence

By: Anine Kilian     26th May 2016 Drilling is under way at Sasol’s production sharing agreement (PSA) licence in Inhambane province, Mozambique, in terms of its field development plan (FDP), which was approved earlier this year,  the petroleum giant announced Thursday. Adjacent to Sasol’s current producing petroleum production... 

Capital Mining eyes another lithium acquisition

By: Mariaan Webb     25th May 2016 ASX-listed Capital Mining was in “advanced stage” negotiations about a lithium acquisition, the company revealed on Wednesday. Capital Mining, which earlier this month announced a sales and purchase agreement to buy Shaw River Lithium and its 13 prospecting licences in the Pilbara, said it was... 

Fitch downgrades Mozambique amid hidden debt concerns 

By: Anine Kilian     24th May 2016 Ratings agency Fitch Ratings has downgraded Mozambique's long-term foreign and local currency Issuer Default Ratings to CC from CCC, it said in a statement on Tuesday. The disclosure of hidden public debt revealed significant short-term repayment obligations, which could precipitate a near-term... 

IMX advances plans to list pure play graphite entity

By: Mariaan Webb     24th May 2016 Australia’s IMX Resources was advancing plans to restructure its Tanzanian assets, announcing on Tuesday that it had received conditional approval from the ASX to list its pure play, graphite-focused entity, Graphex Mining. The company, which would shortly announce an expected date for the... 

Gemfields achieves another successful emerald auction

By: Creamer Media Reporter      23rd May 2016 The latest auction of emeralds recovered at Aim-listed Gemfields’ 75%-owned Kagem mine, in Zambia, has generated revenues of $14.3-million, pushing the mine’s overall revenues for the financial year to date above $100-million. Of the 3.67-million carats of lower-quality emeralds put on offer, 76%... 

Countdown begins for key South Africa-linked radio astronomy developments

By: Keith Campbell     20th May 2016 South Africa’s MeerKAT radio telescope array will be ready to start scientific observations by the end of next month, South African Science and Technology Minister Naledi Pandor announced at last month’s Third SKA African Partner Countries Ministerial Meeting. By then, 21 antennas would be... 

AG wheels launches a wheel machining shop

By: Creamer Media Reporter      20th May 2016 South African rail engineering company Grindrod Locomotives and ATCOM Wheels, a supplier of new and refurbished wheel sets are in the process of establishing a wheel shop located at Grindrod Locomotives' works in Pretoria West.  Our joint goal is  to accommodate  wheel machining opportunities... 

Applied Mineral Technologies

By: Zandile Mavuso     20th May 2016 Established in 2001, Applied Mineral Technologies (Amtec) has grown into a large structural, mechanical, platework and piping (SMPP) services company specialising in the fabrication and construction of materials handling systems and processing plants for clients in the coal, diamonds, iron-ore,... 

Countdown begins for key South Africa-linked radio astronomy developments

By: Keith Campbell     20th May 2016 South Africa’s MeerKAT radio telescope array will be ready to start scientific observations by the end of next month, South African Science and Technology Minister Naledi Pandor announced at last month’s Third SKA African Partner Countries Ministerial Meeting. By then, 21 antennas would be... 

Mozambique steel plant acquired by South African manufacturer

By: Dylan Slater     20th May 2016 Following extensive negotiations with Capital Africa Steel (CAS), LionSteel South Africa (SA) has acquired the Mozambique-based steel pipe manufacturing mill Capital Star Steel SA (CSS), which is located in Matola.  

Afrimat FY HEPS up 15.5% y/y

By: David Oliveira     19th May 2016 JSE-listed Afrimat lifted its headline earnings a share for the year ended February 29 to 156.6c, up 15.5% from the 135.6c achieved in the prior financial year. “We are very pleased with this solid improvement, which is [owing] to a strong performance from the mineral-producing operations across... 

Zimbabwe cement producers seek tariffs on imports

By: Reuters     19th May 2016 Zimbabwe's cement producers want the government to impose tariffs on imports, including from Nigeria's Dangote Cement, saying this would prevent the collapse of the local industry and save jobs. The southern African nation has three cement manufacturers, Lafarge Cement Zimbabwe, Pretoria Portland... 

UN expert urges African utilities to improve policies, pricing

By: Kim Cloete     17th May 2016 African power utilities have been urged to adopt good policies and pricing and be at the forefront of change or risk being left behind. “Africa contributes less than 3% of manufacturing globally. That is unacceptable. Our population will be 1.4-billion by 2030 and two-billion by 2050. We need to... 

Gas industrialisation could be a game-changer, say industry players

By: Kim Cloete     17th May 2016 Potential investors and experts in South Africa’s gas industry foresee great potential in the sector despite the risks.  “We are on the cusp of a global oversupply of shale gas. We have the opportunity to ship gas and drive industrialisation in industries from glass and cement to agroprocessing... 

IFRC promises $110m for drought relief in Southern Africa

By: Reuters     17th May 2016 The International Federation of Red Cross and the Red Crescent Societies (IFRC) has pledged $110-million to a new initiative to help drought-stricken Southern African countries. In South Africa, Lesotho, Swaziland, Malawi, Mozambique, Namibia and Zimbabwe, last year's poor rains have been... 

DTI launches Gas Industrialisation Unit

By: Kim Cloete     16th May 2016 The Department of Trade and Industry (DTI) has launched the Gas Industrialisation Unit (GIU), aimed at spearheading a medium to long-term gas industrialisation strategy for South Africa and the Southern Africa region.  The aim is to unlock power constraints and reduce carbon intensity, to secure... 

Astral Foods’ HEPS falls on lower poultry profits

By: Tracy Hancock     16th May 2016 JSE-listed Astral Foods stated on Monday that the decrease in headline earnings from R387-million for the previous year's first six months to R299-million for the period under review was attributable to lower profits from the poultry division following mainly drought-related increases in feed... 

South African Industry Has New Infrastructure Opportunities In Sub-Saharan Africa If They Take Long-Term View

     16th May 2016 In the face of growing international competition in Sub-Saharan Africa, South African-based companies need to take a long-term strategic view of the region and how best to take advantage of the opportunities presented by the demographic, industrial and energy evolution that is taking place. “Low... 

Vodacom lifts FY revenue by 7.5%, despite a lowered dividend

By: Samantha Herbst     16th May 2016 Despite a 1.2% cut in yearly dividend, and seeing a slight decline in customers to 61.3-million owing to international customer registration requirements, JSE-listed telecommunications group Vodacom continued with its growth trajectory off the back of a difficult 2015 financial year, seeing a... 

End of commodities boom hits African countries

By: Keith Campbell     13th May 2016 The global commodities super cycle has come to an end, sharply lowering the price of oil, gas, metals and minerals,” stated the World Bank in its most recent ‘Regional Overview for Africa’ review (published in late March). “As a net commodities exporter, Africa is deeply affected by falling... 

African renaissance gas pipeline project, Mozambique

By: Sheila Barradas     13th May 2016 The consortium aims to complete a prefeasibility study on the project in the next 18 months. 

Consulting firm calls for privatisation of power utility

By: Sascha Solomons     13th May 2016 State-owned power utility Eskom needs to be operated more like a private-sector business by people who have knowledge of the energy sector, experience in bureaucratic processes, business acumen and political influence, says global growth consulting firm Frost and Sullivan. “Bringing politics... 

Dependable power supply a top priority in shipping

     13th May 2016 Electric power generation and electromechanical power transmission specialist Vert Energy MD Grant Robertson notes that reliable power supply is a top priority in shipping. Therefore, Vert Energy has tailored its capability to assist vessel owners – not only with routine maintenance programmes,... 

Kariba dam rehabilitation project, Zambia

By: Sheila Barradas     13th May 2016 Zambia and Zimbabwe plan to start repairs to Kariba dam in the first quarter of next year. 

Leakage system provides solutions in Johannesburg

By: Simon Sonnekus     13th May 2016 Water-leak detection and control systems provider AquaTrip South Africa has reasserted its focus on conserving water with the installation of its electronic valve, which monitors water flow at schools across Johannesburg. The Brisbane-based company has a regional office in Stellenbosch, in the... 

Water taken from Sterkfontein still not replaced – Muller 

By: Martin Creamer     12th May 2016 Water extracted from the Sterkfontein dam had still not been replaced, six months after officials promised that it would be, Wits School of Governance visiting adjunct professor Mike Muller has pointed out. Speaking at this week’s South African Institution of Civil Engineering Civilution... 

Manica gold project’s resource increased to 1.26Moz

By: Anine Kilian     11th May 2016 The gold resource at Aim-listed Xtract Resources’ Manica project, in Mozambique, has increased 36% to 1.26-million ounces. The increase followed an independent technical study of the mineral resources of the project’s Fair Bride gold deposit by Minxcon Projects. The results of the study would... 

Tallying the benefits of South Africa’s Renewable Energy Power Producer’s Procurement Programme

     9th May 2016 As energy investors eagerly await announcements of the preferred bidders in the latest round of South Africa’s renewable IPP programme – the so-called expedited bid window - it is worth reflecting on the successes of the country’s Renewable Energy Power Producer’s Procurement Programme (REIPPPP)... 

AECOM wins high-profile consultancy work across South Africa

     6th May 2016 AECOM, a premier fully-integrated infrastructure and support services company, continues to secure high-profile consulting engineering work in South Africa across a range of sectors. AECOM has been awarded a R134 million five-year contract by SANRAL to provide consulting engineering services for... 

Metals of Africa raises A$4.5m

By: Esmarie Swanepoel     6th May 2016 Graphite junior Metals of Africa would raise some A$4.5-million to advance its projects in Mozambique. The ASX-listed company on Friday said that it would raise an initial A$4-million through a share placement to institutional and sophisticated investors, issuing 72.7-million shares at a price... 

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,... 

Car and bakkie exports into Africa declined for third year running in 2015

By: Irma Venter     6th May 2016 South African car and bakkie exports into Africa declined for the third year in a row in 2015, falling from 79 228 units in 2012, to 77 589 units in 2013, 60 189 units in 2014, and 41 446 units last year – this according to the Automotive Industry Export Council’s newest Automotive Export Manual,... 

Malawi power plant developer signs term sheet with utility

By: Marcel Chimwala     6th May 2016 ASX-listed Intra Energy Corporation, which is developing a 120 MW coal-fired power station in Malawi’s lakeshore district of Salima, has signed a term sheet relating to a power purchase agreement with the Southern African country's power utility. CEO Tarn Brereton says the Pamodzi plant will... 

Gemfields posts ‘solid’ production in Q3

     4th May 2016 Despite reporting lower year-on-year emerald and beryl production in the three months to March 31, Gemfields CEO Ian Harebottle said the company had “another pleasing quarter of solid production across its emerald and ruby operations”. He noted that both its 75%-owned Kagem and Montepuez... 

Lionsteel South Africa Acquires Mozambique Steel Pipe Manufacturing Mill From Capital Africa Steel (Cas)

     3rd May 2016 LionSteel South Africa has, after extensive negotiations with Capital Africa Steel, acquired the steel pipe manufacturing mill Capital Star Steel SA, located in Matola, Mozambique. The acquisition worth in excess of R500 million, involved a comprehensive debt restructuring with a syndication of... 

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