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Mustang buys more land in Moz

By: Esmarie Swanepoel     Updated 13 minutes ago Ruby miner Mustang Resources ahs acquired a 65% interest in a new ruby license that borders its existing Montepuez project, in Mozambique, for 30-million of its own shares and $100 000 in cash. Artisanal miners are reportedly recovering large, high-quality rubies from the license area, which is... 

DEHN Africa welcomes fresh new talent

     27th February 2017 DEHN Africa has grown its local team once again, with the appointment of Gerrit Meyer, as its new business development manager for Africa; Steven Weber, as an engineer; and Tatenda Gora, as a sales engineer. Meyer has a well-developed sales background and extensive work experience of more than 20... 

Sasol says relations with Moz in ‘good space’ as new oil-find notice is issued

By: Terence Creamer     27th February 2017 Sasol joint president and CEO Stephen Cornell has described the group’s relations with the Mozambique government as being in a “good space”, despite the country’s current fiscal difficulties, as well as periodic criticism that the country is not benefiting fully from the South African energy and... 

Cummins to grow its Southern African presence as it celebrates 70-years

By: Schalk Burger     24th February 2017 Power and engine multinational Cummins aims to grow its presence in its Southern  African operations, including Botswana, Zimbabwe, Zambia and Mozambique, says Cummins Southern Africa MD Thierry Pimi. The key industries for Cummins in the region are the mining, power generation and automotive... 

Bowmans grows African Oil & Gas offering with key partner appointment

     22nd February 2017 Leading pan-African law firm, Bowmans, has appointed London-based lawyer, Nicolas Bonnefoy, as a partner in its Oil & Gas Sector Group.   Bonnefoy is an oil & gas and mining project lawyer with an exclusive focus on Africa. Dual qualified as an Avocat in France and a solicitor of England and... 

India’s Coal Ministry prods ICVL to speed up coal production, acquisitions

By: Ajoy K Das     20th February 2017 India’s Coal Ministry has directed International Coal Ventures Limited (ICVL) not to waste time in operationalising existing overseas coal blocks or delay the acquisition of new assets. It also warned ICVL that delays in achieving these objective were "unacceptable". 

Exponential increase in the number of power generation projects

By: Nadine James     17th February 2017 The African continent’s large energy deficit has resulted in an exponential increase in the number of power generation projects – both planned and implemented – as well as the number of stakeholders which are a consequence of renewed commercial interest in the African energy sector, says... 

Major South African coal extension project on cards – South32

By: Martin Creamer     16th February 2017 A decision will be taken in the June quarter on go-ahead for the Klipspruit Life Extension coal project in Mpumalanga, which is said to have robust economics. The original BHP Billiton capital expenditure (capex) of $500-million-plus for the two-year development has been more than halved under... 

CIL seeks to buy into operational foreign coal mines

By: Ajoy K Das     16th February 2017 Coal India Limited (CIL) plans to enter into strategic equity investment and production sharing agreements with the owners of operational coal mines outside of India, rather than the outright acquisition of greenfield coal blocks, as it had previously attempted. CIL had appointed a merchant... 

Sasol suspends drilling in Mozambique due to tropical storm

By: Reuters     15th February 2017 South African petrochemical group Sasol has temporarily suspended drilling activity in Mozambique due to tropical storm Dineo, its spokesperson said on Wednesday. Dineo is expected to develop into a category one cyclone and hit the southern coast of Mozambique later in the day. 

Xtract inks collaboration deal with Nexus

By: Creamer Media Reporter      13th February 2017 Aim-listed Xtract Resources has signed a collaboration agreement with private Hong Kong-registered Nexus Capital for the exploitation of alluvial gold deposits at the Manica gold project, in Mozambique. The agreement is the result of an internal review by Xtract of its alluvial contract, and... 

Rehabilitation of Kariba dam wall to start soon

By: Megan van Wyngaardt     13th February 2017 The Zambian and Zimbabwean governments will on Tuesday sign a works contract for the first component of the Kariba dam rehabilitation project. This contract will see the reshaping of the dam’s plunge pool and is being funded by the European Union, the World Bank, the African Development Bank and... 

AMSA keen to tap power tariff deal as Eskom mulls ‘incentive pricing’  

By: Terence Creamer     10th February 2017 Steel producer ArcelorMittal South Africa (AMSA) is optimistic that Eskom, with the support of the energy regulatory, could extend pricing incentives to it and other energy-intensive businesses in light of its surplus position and government’s appeal for interventions to reignite growth in the... 

Hijackings, car theft show sharp increases, warns Cartrack

By: Irma Venter     10th February 2017 Statistics released this week by fleet management and stolen vehicle recovery company Cartrack show that carjacking and vehicle theft in South Africa are on the rise. Theft within the base of vehicles protected by Cartrack increased by 31% in the ten months from March to December 2016, while... 

Gemfields’ Q2 emerald output nearly halves

By: Anine Kilian     6th February 2017 Production of emerald and beryl at Aim-listed Gemfields’ 75%-owned Kagem mine, in Zambia, nearly halved to 4.7-million carats in the three months to December 31, compared with the 8.2-million carats produced in the three months to December 2015. CEO Ian Harebottle said the mine experienced a... 

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... 

South Africa confirms presence of invasive pest that infests maize

By: Reuters     6th February 2017 South Africa's department of agriculture said on Friday that scientific tests have confirmed the presence of the invasive fall armyworm in the maize belt, the first time the crop-damaging pest has been detected there. Countries with confirmed outbreaks can face import bans on agricultural... 

Armyworm outbreak damaging crops in southern Africa – FAO

By: Reuters     3rd February 2017 A suspected outbreak of armyworms has spread to Namibia and Mozambique and is causing "considerable crop damage" in southern Africa, the United Nation's Food and Agriculture Organisation (FAO) said on Friday. Suspected outbreaks have already erupted in Zambia, Zimbabwe, Malawi and South Africa. 

Importance of gas in global energy arena set to increase

By: Simone Liedtke     3rd February 2017 In the medium term, the importance of gas in the global energy mix is set to increase, owing to the growth in global liquefied natural gas (LNG) supply and a more flexible global market, says advisory firm KPMG energy economist Dr Requier Wait. 

Mining Indaba remains pivotal to Africa

By: Ilan Solomons     3rd February 2017 The mineral resources sector remains “critically important” to the African continent, which is why the Investing in African Mining Indaba has consistently been regarded as an event of “paramount significance”, says Mining Indaba MD Alex Grose. This is also a key motivation for the at least 24... 

Veeam outlines partnership-based growth vision for Southern Africa

By: Schalk Burger     3rd February 2017 Information technology (IT) availability company Veeam’s local partners – which enable it to have a constantly available presence and effective support in the Southern African countries it is expanding in – are fundamental to the firm’s long-term growth plans, says Veeam Africa South regional... 

SADC-EU EPA opens up opportunities for South Africa’s fisheries sector

By: Natasha Odendaal     1st February 2017 The new Southern African Development Community (SADC)–European Union (EU) Economic Partnership Agreement (EPA) has the potential to bolster South Africa’s muted fisheries sector and open up value-addition in a sector that holds much promise. The new SADC-EU EPA framework, which became effective... 

Former mineworkers paid more than R60m by unclaimed benefits funds

By: African News Agency      31st January 2017 Thousands of former mineworkers have been paid more than R60-million in unclaimed benefits over a two-year period to date, the Mines 1970 Unclaimed Benefits Preservation Pension and Provident Funds said this week. This comes after the Mines 1970 Unclaimed Benefits Preservation Pension and... 

Syrah says Mozambique project’s costs rise

By: Esmarie Swanepoel     30th January 2017 ASX-listed graphite developer Syrah Resources expects its Balama graphite project, in Mozambique, to cost $8-million more than previously estimated, owing to changes to the final design. The costs of the Balama project, which would be commissioned in the second quarter of this year, had increased... 

Legislation to unlock South Africa’s unrealised gas potential Gas offers game-changing opportunity to reinvent growth 

     27th January 2017 “South Africa presents a strong case for the development of an integrated gas industry - covering the exploration, production and beneficiation of gas - with huge potential for energy supply diversification, broader industrialisation and job creation,” says Khwezi Tiya, Head, Oil and Gas South... 

Mining Indaba remains pivotal to Africa 

By: Ilan Solomons     27th January 2017 The mineral resources sector remains “critically important” to the African continent, which is why the Investing in African Mining Indaba has consistently been regarded as an event of “paramount significance”, says Mining Indaba MD Alex Grose. This is also a key motivation for the at least 24... 

Mueda–Negomano road construction project, Mozambique

By: Sheila Barradas     27th January 2017 The African Development Bank has approved a $71.8-million grant and a $3.1-million loan to the government of Mozambique for Phase 1 of the project. 

Zambian boiler project leads way to promising 2017

By: Victor Moolman     27th January 2017 Boiler supplier and specialist installer Steam Generation has been contracted to supply, install and commission a Cochran Coalmaster 8 000 kg/hour steam boiler, on Lake Kariba, in Zambia, for the Aller Aqua Zambia project, which will be one of the largest fish farms in Africa. 

Engen appoints D.M. Distributors as lubricants distributor in Nacala, Mozambique

     25th January 2017 Engen Petroleum, a leading producer and marketer of a wide range of fuels, lubricants and oil-based products has appointed D.M. Distributors as the official distributor of Engen’s full range of lubricants in the Nacala region of Mozambique. Rogerio Fernandes, Engen Commercial Sales Manager:... 

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... 

Mustang ships first rubies from Mozambique

By: Esmarie Swanepoel     20th January 2017 ASX-listed gem producer Mustang Resources has completed the commissioning of the processing plant at its Montepuez ruby project, in Mozambique, and has sent its first commercial parcel of rubies to customers in the US. The company told shareholders on Friday that production at Montepuez was... 

SA Pump Manufacturer Celebrates 37 Years Of Internationally Proven Award Winning Pump Designs

     19th January 2017 HAZLETON PUMPS, a family owned and managed business located in Centurion, has been continually awarded since the company’s inception 37 years ago with numerous awards and is regarded as a world leader in the pumping of high head, high volume acidic liquids containing solids utilising their... 

Kenmare lifts FY17 production guidance as market looks positive

By: Megan van Wyngaardt     16th January 2017 LSE-listed Kenmare Resources on Monday adjusted its production guidance for this year to between 950 000 t and 1.05-million tonnes of ilmenite, 5% to 16% higher than production for 2016, owing to increased utilisation and recovery rates at its Moma titanium minerals mine, in Mozambique. The miner... 

Mozambique ratifies WTO trade facilitation agreement

By: Megan van Wyngaardt     9th January 2017 Only five more World Trade Organisation (WTO) members need to ratify the trade facilitation agreement (TFA) to bring it into force, after Mozambique became the 105th member to ratify the agreement. Mozambique’s instrument of acceptance was submitted to the WTO on January 6. The TFA will enter... 

Sneakers worth R8.7m seized at S Africa-Mozambique border

By: African News Agency      29th December 2016 The South African Revenue Service said on Wednesday that customs services at Lebombo border post had made a “massive seizure” of suspected counterfeit sneakers with a total value of R8.7-million early on Monday morning. A total of 9 085 pairs of sneakers carrying the Adidas brand and 1 850 pairs... 

Xtract to raise general working capital through placement

By: Megan van Wyngaardt     21st December 2016 Diversified metals and minerals producer Xtract intends to raise £220 000, before expenses, through the placement of 1.33-billion shares at 0.01p apiece. The funds raised would be used for general working capital purposes at its 48 000 oz Manica gold mine, in Mozambique, the company said on... 

AB InBev, Coca-Cola reach $3.15bn deal

By: Megan van Wyngaardt     21st December 2016 Beverages giant The Coca-Cola Company and triple-listed brewery Anheuser-Busch InBev (AB InBev) have reached an agreement regarding the transition of AB InBev’s 54.5% equity stake in Coca-Cola Beverages Africa (CCBA) for $3.15-billion. CCBA includes South Africa, Namibia, Kenya, Uganda, Tanzania,... 

Gemfields rakes in $30.4m at latest auction

By: Megan van Wyngaardt     19th December 2016 Aim-listed miner Gemfields has achieved auction revenues of $30.4-million at its latest rough ruby auction from its 75%-owned Montepuez deposit, in Mozambique. Running between December 12 and 16, Gemfields sold 1.09-million carats from the 1.37-million carats on offer, translating to an average... 

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