R/€ = 14.23 Change: -0.10
R/$ = 13.04 Change: -0.04
Au 1269.58 $/oz Change: -5.59
Pt 958.00 $/oz Change: -2.00


Tsogo Sun invests R220m in new Maputo hotel

By: Creamer Media Reporter      Updated 5 hours ago Construction has started on Tsogo Sun’s new R220-million, 125-room StayEasy Maputo hotel, in Mozambique. The hotel, which will be completed by April 2018, is being built as part of a mixed-use development and will be located above the new Baia Mall that is under construction. 

BlueNova launches production facility as lithium battery bug bites in South Africa  

By: Kim Cloete     24th April 2017 Energy storage solutions company Blue Nova has launched a new production facility in Somerset West, near Cape Town, to keep up with rising demand for lithium-iron-yttrium-phosphate (LiFeYPO4) batteries. Lithium-ion batteries, of which LiFeYPO4 batteries are a type, are seen as an excellent... 

NLC puts overseas acquisitions on the backburner after acquiring domestic coal blocks

By: Ajoy K Das     24th April 2017 Having secured three coal blocks through the preferential allocation dispensation for government companies, NLC Limited (formerly Neyveli Lignite Corporation) has abandoned plans for overseas acquisition of coal assets. NLC has been allocated two coal blocks in the eastern Indian province of... 

Syrah awards logistics contract to Grindrod

By: Esmarie Swanepoel     24th April 2017 Graphite developer Syrah Resources has awarded the graphite distribution and logistics services supply contract at its Balama project, in Mozambique, to JSE-listed Grindrod Mauritius. The contract includes the provision of long haul trucking services for graphite concentrate from the Balama site... 

Sacu makes formal request to initiate post-Brexit trade talks with UK 

By: Terence Creamer     21st April 2017 South Africa’s Trade and Industry Minister Dr Rob Davies reports that the Southern African Customs Union (Sacu) has written a letter to the UK government formally requesting the initiation of talks on the terms of the bilateral trade relationship that will be put in place when Britain exits the... 

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can be no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012, that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, compared with India’s 7.6%,... 

Despite adverse weather, Vale reports Q1 iron-ore record

By: Henry Lazenby     21st April 2017 The world’s largest iron-ore producer Vale has lifted production of the steel-making ingredient to a new record high in the first quarter ended March, touching 86.2-million tonnes despite inclement weather. The diversified miner boosted iron-ore output by 11.2% over the comparable quarter of... 

Cross-border power to boost African economies

By: Robyn Wilkinson     21st April 2017 With the announcement of an ambitious power project to connect Cape Town and Cairo within the next three years by regional orhganisation the Eastern Africa Power Pool, the opportunities for reliable cross-border electricity generation are once again in the spotlight, says power generation... 

Generator giant to expand its Southern Africa network

By: Robyn Wilkinson     21st April 2017 Power generation equipment developer Himoinsa’s new subsidiary, Himoinsa Southern Africa, will provide a base from which the company can develop its geophysical footprint in Southern Africa by expanding and supporting its existing distribution network. 

Once again, we have a nonengineer as Energy Minister

By: Terry Mackenzie-hoy     21st April 2017 In the film The Remains of the Day, Anthony Hopkins is a butler in a large country house. It is before World War II. The upper-class guests are all discussing the state of the world and of Germany. Somebody suggests that the opinion of the people should be taken into account. The common people. A... 

South Africa accounts for 59% of outbound M&A activity in sub-Saharan Africa

By: Megan van Wyngaardt     20th April 2017 The value of announced merger and acquisition (M&A) transactions, with any sub-Saharan African involvement, reached $10.1-billion during the first quarter of 2017, the highest opening quarter total in six years, research firm Thomson Reuters Africa has found. In its sub-Saharan African deals... 

Icasa enters into a technical agreement with Mozambique communications regulator

By: Anine Kilian     19th April 2017 The Independent Communications Authority of South Africa (Icasa) has signed an agreement of cooperation and coordination with communications authority of Mozambique, Autoridade Reguladora Das Communicações, in respect of spectrum management for telecommunications and broadcasting services. The... 

New management team to expand Aury’s African footprint

     19th April 2017 Aury Africa aims to become a leading manufacturer and supplier of high-performance mineral-processing equipment to the African mining industry by 2022. This is the vision of the company’s new management team, led by Director Sydney Parkhouse. Key to the ongoing success of the Original Equipment... 

Gold rush fever among poor Zimbabweans leaves trail of destruction

By: Reuters     17th April 2017 Thousands of unemployed Zimbabweans have turned to illegal gold panning in a bid to survive the country's deteriorating economy, leaving a trail of destruction that has alarmed farmers, timber plantation owners and the country's environmental authorities. Peasant miners have set up makeshift... 

Dredging of Port of Maputo access channel completed

By: Irma Venter     14th April 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. 

Moz plant illustrates rapid commissioning potential of gas engines

By: Dylan Slater     14th April 2017 Electricity generation using gas as a fuel has great potential to meet the growing needs of many African countries, especially with a peaking-plant application, according to Cape Town-based engineering firm MTU South Africa, a subsidiary of UK-based engines, propulsion systems and distributed... 

Moma kickstarts Q1 with double-digit production increases

By: Natasha Odendaal     13th April 2017 Output from the Moma titanium minerals mine, in northern Mozambique, during the first quarter of this year has set the pace for a targeted 5% to 16% year-on-year increase in full year production, London-listed Kenmare Resources said on Thursday. Double-digit year-on-year increases seen in... 

Rio Tinto’s Du Plessis says regulatory probes receiving full board attention

By: Esmarie Swanepoel     13th April 2017 The outgoing chairperson of diversified miner Rio Tinto, Jan du Plessis, has reaffirmed that the company is working with authorities on regulatory investigations relating to its operations in Guinea and Mozambique. The US Securities Exchange is conducting an investigation relating to the... 

Triton ups graphite resource in Moz

By: Esmarie Swanepoel     10th April 2017 Graphite developer Triton Minerals has reported an 87% increase in the graphite resource at its Ancuabe project, in Mozambique. The total indicated and inferred mineral resource at Ancuabe has increased to 27.9-million tonnes, at an average grade of 6% total graphitic carbon, for 1.7-million... 

Work smarter not harder with Atlas Copco SmartROC T45

     7th April 2017 Longer drill rods, improved fuel burn and upgraded software have made the SmartROC T45 Top Hammer drill rig from Atlas Copco even smarter. This rugged and reliable machine will boost production and productivity at limestone and aggregate quarries as well as construction, open-pit and selective... 

Inyatsi targets market prominence, business excellence

By: Natasha Odendaal     5th April 2017 As infrastructure construction specialist Inyatsi Group Holdings undergoes an internal revamp and succession drive, new acting CEO Tommy Strydom is confident of the future of the company and that its strategy will help it prevail. Strydom, as part of the group’s succession planning strategy,... 

Plan to lift rhino horn sale moratorium spot-on

By: Kelvin Kemm     31st March 2017 In February, Environmental  Affairs Minister Edna Molewa put forward the proposal that the current moratorium on the sale of rhino horn be lifted. She also proposed that internal trade in rhino horn be permitted. I agree with the principle of the argument. In fact, a couple of years ago, I spoke... 

Tommy Strydom

By: Martin Zhuwakinyu     31st March 2017 This week we feature Tommy Strydom, CEO of Inyatsi Group Holdings, which is involved in the construction of infrastructure, including roads, bridges, buildings and water works   

Ncondezi progresses JDA with SEP on 300 MW Mozambique power plant project

By: Natasha Odendaal     30th March 2017 Aim-listed Ncondezi Energy is steadily progressing the joint development agreement (JDA) with Shanghai Electric Power (SEP) for its 300 MW power plant project, located near Tete, in northern Mozambique. The agreement, once effective, will see SEP inject $25.5-million to fund the balance of the... 

Syrah inks sales and supply MoU

By: Esmarie Swanepoel     28th March 2017 Graphite developer Syrah Resources has signed a nonbinding memorandum of understanding (MoU) with China’s BTR New Energy Materials regarding sales and supply chain cooperation. “We are very excited about the opportunity to develop sales and supply options with BTR and we look forward to... 

Vale completes Moatize sale to Mitsui, appoints new CEO

By: Henry Lazenby     28th March 2017 Brazilian miner Vale has completed the sale of its interest in the Mozambique-based Moatize coal project to Japanese miner Mitsui & Co, receiving an initial payment of $733-million. A further $37-million will be paid after the financing for the project is concluded, Vale said in a press release... 

Savannah raises Mutamba resource estimate

By: Anine Kilian     27th March 2017 Savannah Resources has raised the resource estimate for its Mutamba mineral sands project, in Mozambique, after evaluating drilling results from the Ravene deposit. The Ravene resource has been found to contain a high-grade portion of 92-million tonnes at 6.2% total heavy materials (THM), which... 

Mustang lists on Frankfurt exchange

By: Esmarie Swanepoel     27th March 2017 ASX-listed Mustang Resources has listed on the Frankfurt Stock Exchange, trading under the stock symbol GGY, as a result of the growing interest among European investors, in the Montepuez ruby and Caula graphite projects, in Mozambique. Mustang on Monday told shareholders that its ruby inventory... 

Premier African Minerals raises over £2m in oversubscribed offer

By: Megan van Wyngaardt     27th March 2017 Aim-listed Premier African Mineral’s offer, made on Friday, to raise £1.5-million, at 0.5p per new ordinary share, received a very strong response from private and institutional investors, with the offer being oversubscribed. The offer was on a first come, first served basis and was closed early... 

Atterbury to open new Ghana mall in April

By: Megan van Wyngaardt     24th March 2017 South African property development company Atterbury will open its fourth retail development in Ghana, the $95-million Kumasi City mall on April 20. The 18 500 m2 modern mall, with potential for a future 10 000 m2 expansion, will give the city of Kumasi its first one-stop building with shopping... 

Slow progress in payouts to former miners – Oliphant

By: African News Agency      24th March 2017 Deputy Mineral Resources Minister Godfrey Oliphant on Thursday conceded that efforts to reach out and compensate former mineworkers, many of whom from neighbouring countries, have not been satisfactory. In his keynote address at the Southern Africa Trust summit on social security and compensation... 

Balama on track for Q2 start

By: Esmarie Swanepoel     24th March 2017 The Balama graphite project, in Mozambique, is on track to be commissioned in the second quarter of this year. Owner Syrah Resources on Friday told shareholders ore mining is scheduled to start in May to allow for the commissioning of the primary crusher. A temporary laboratory will be... 

Local supply company expands product offering

By: Simone Liedtke     24th March 2017 Designer and supplier of process equipment Zonke Engineering has added several pump types to its existing product range. 

One-stop solution gives company market edge

By: Simone Liedtke     24th March 2017 The ability to supply a full range of high-quality pumps with full back-up and support, as well as readily available spare parts, has placed pump supplier and manufacturer KSB Pumps and Valves in a unique position where clients can meet all their pumping requirements through a single supplier. 

Opportunities from the Indian Ocean Rim

By: Riaan de Lange     24th March 2017 Indian Ocean Rim Association Well, this certainly is a blast from the past. It was a long time ago. I had just joined the then South African Chamber of Business (Sacob) – on March 1, 1995 – and, within a few days, I was jetting off to Mauritius. I thought that I had hit the big time, and yes, the... 

Pumps range included in offering to cater for demand

By: Simone Liedtke     24th March 2017 Technical solutions provider Bearing Man Group (BMG) is strategising to enhance its fluid technology services to meet growing market demand in diverse industries, including the pumps industry. 

Ratings ‘pressure point’

By: Terence Creamer     24th March 2017 While much of 2016 was dedicated to junk avoidance, the risk of a downgrade persists, with both Fitch Ratings and S&P Global to decide this year whether to designate the country as ‘stable’, or to downgrade it to junk. South Africa’s unstable political climate, together with the country’s poor... 

Maxiflex welcomes customers to their doors

     23rd March 2017 Maxiflex has been a specialist and trusted supplier of a fully comprehensive range of high quality, efficient and reliable door and dock loading solutions to the Southern African industry for 27 years. Alongside the renowned in-house Maxiflex brands, the company also boasts sole distribution... 

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