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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... 

European shares ease as miners, banks fall

By: Reuters     29th December 2016 European shares opened slightly lower on Thursday as miners fell and Italian banks and Credit Suisse led banking shares lower. The pan-European STOXX 600 index was down 0.3%. Volumes were subdued during the last few days of the year. 

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... 

The impending trade facilitation agreement

By: Riaan de Lange     16th December 2016 Two years ago, December 12, 2014 to be exact, my last column for the year was simply titled, ‘Trade facilitation’, and now again, my final column for 2016 is devoted to trade facilitation - the World Trade Organization (WTO) Trade Facilitation Agreement (TFA) that is. This time around, however,... 

New gas projects will be economical – Aurecon  

By: Victor Moolman     15th December 2016 With two major gas-to-power projects under way in the country, consulting company Aurecon believes that the two, possibly three, gas power stations associated with the projects can be economical as existing infrastructure can be used to support them. 

Things beginning to look up for Brazilian miner in Mozambique

By: Keith Campbell     15th December 2016 In a recent presentation to the New York Stock Exchange, Brazilian major mining group Vale reported on progress at its Mozambican operations. These comprise the Moatize coal mine and the Nacala Logistics Corridor. Moatize is primarily a metallurgical, or coking, coal mine while the Nacala... 

Metals of Africa delays Mozambique graphite study

By: Esmarie Swanepoel     14th December 2016 ASX-listed junior Metals of Africa has pushed back the completion date of the definitive feasibility study (DFS) on its Montepuez flake graphite operation, in Mozambique, from December 2016 to the first quarter of 2017. The company told shareholders on Wednesday that while it was disappointed... 

AfDB to finance Mozambique road project

By: Anine Kilian     13th December 2016 The African Development Bank Group (AfDB) has approved a $71.8-million grant and $3.1-million loan for Mozambique for the construction of a 70 km asphalted road section in Northern Mozambique, to improve connectivity with Tanzania. The project will open up an isolated part of Mozambique,... 

Savannah starts predevelopment work at Mozambique mineral sands project

By: Natasha Odendaal     13th December 2016 Predevelopment activities have kicked off at Aim-listed Savannah Resources’ joint venture Mutamba mineral sands project, in Mozambique. A four-month scoping study to evaluate an initial phase, low-capital expenditure, long-life, 200-million-tonne dry mining operation has been commissioned, along... 

Zambia eyes energy diversification, reviews South Africa's progress

By: Natasha Odendaal     9th December 2016 Zambia has started reviewing its options to reverse the country's current energy constraints and diversify its own energy mix, leaving no viable potential initiatives off the table as it seeks to become a "power trader". The mostly hydropowered Southern African country is currently battling... 

Coral discovery (Coral South) development project, Mozambique

By: Sheila Barradas     9th December 2016 The first-phase development of the Coral discovery has been approved by Eni. 

Oil & Gas Experts to Meet in Maputo in January

     7th December 2016 The Infra-Gas Projects Mozambique Summit will take place on the 31 January 2017 at the Radisson Blu Maputo Conference Centre. The event will be officially opened by Confederação das Associações Económicas de Moçambique, Ministério de Recursos Minerais e Energia and Ministério da Indústria e... 

Gas technology group makes case for flexibility as South Africa mulls power road map 

By: Terence Creamer     7th December 2016 Leading gas-engine technology provider Wärtsilä has started making the case for greater flexibility within South Africa's evolving electricity supply industry, as well as within the gas-to-power subsector itself, as the country seeks comment on its future electricity road map. The Finnish group,... 

Triton debuts new look, renews focus on Mozambique graphite project

By: Esmarie Swanepoel     6th December 2016 A new-look Triton Minerals has emerged from administration, resuming share trading on the ASX and with a renewed focus on the rapid development potential of its Ancuabe graphite project, in Mozambique. Triton in March went into voluntary administration, shortly after announcing plans to become a... 

Nersa postpones public hearings into Rompco’s gas tariff application

By: Anine Kilian     2nd December 2016 The National Energy Regulator of South Africa (Nersa) has postponed public hearings into gas transmission pipeline company Rompco’s tariff application for a gas pipeline expansion project, in Mozambique, until January. Rompco is seeking approval from Nersa for a baseline tariff of R49.87/GJ for... 

High- and medium-speed power generation products for South Africa

     2nd December 2016 Power systems provider Rolls-Royce presented its high-speed and medium-speed power generation products, including various power generation solutions in the 24 kW to 9 400 kW range suitable for a wide variety of applications and types of fuel, at Power & Electricity World Africa. The event was... 

Monitoring portal ensures standby power equipment is primed

By: Robyn Wilkinson     2nd December 2016 Power management solutions provider Powermode has introduced its monitoring portal, which provides real-time feedback on the performance of standby power equipment to prevent power failures. 

African Marine Solutions Group (AMSOL) aquires the business of Smit Amandla Marine

By: Creamer Media Reporter      1st December 2016 SMIT Amandla Marine, a market leader in the provision of specialist marine solutions in the Southern African region, has been acquired by African Marine Solutions Group (AMSOL), owned by a consortium including SMIT Amandla Marine management and employees, the Mineworkers Investment Company,... 

South African company buys Smit Amandla Marine 

By: Megan van Wyngaardt     1st December 2016 African Marine Solutions Group (Amsol) has bought Southern Africa-focused specialist marine solutions provider Smit Amandla Marine from Netherlands-based maritime infrastructure company Royal Boskalis Westminster for €50-million, returning the company to South African ownership. Amsol is owned by... 

AMSOL acquisition of SMIT Amandla Marine - Media Statement 01 December 2016

     1st December 2016 SMIT Amandla Marine, a market leader in the provision of specialist marine solutions in the Southern African region, has been acquired by African Marine Solutions Group (AMSOL), owned by a consortium including SMIT Amandla Marine management and employees, the Mineworkers Investment Company,... 

Debt capital markets in Africa remain resilient, says Standard Bank

By: Megan van Wyngaardt     1st December 2016 A review of the continent’s activity in debt capital markets by financial services provider Standard Bank reveals continued growth in issuance, including the evolution of new asset classes, which speak well to both the resilience and future growth prospects of Africa’s debt capital markets. Debt... 

Gemfields postpones emerald auction for Indian customers to adjust to new reforms

By: Natasha Odendaal     1st December 2016 Aim-listed Gemfields has postponed its emerald auction until February to allow its India-based customers time to adjust to that country’s newly implemented demonetisation programme, which removes high denomination banknotes from circulation. The two-month delay in auctioning the predominantly... 

Rio Tinto says target of SEC probe over Mozambique coal

By: Reuters     1st December 2016 Global miner Rio Tinto said on Thursday it was cooperating with the US Securities Exchange Commission over financial impairments in 2012 related to its coal operations in Mozambique. "As the SEC investigation, which started in April 2013, remains ongoing it would be inappropriate to comment... 

Seacom’s business unit gains traction 

By: Natasha Odendaal     30th November 2016 Pan-African telecommunications firm Seacom has gained better-than-expected momentum in its quest to grow its enterprise segment, with the well received establishment of the second unit opening up the East African market. The business unit, which launched its full set of business offerings to the... 

SEC said to probe Rio Tinto on Mozambique deal impairments

By: Bloomberg     29th November 2016 The US Securities and Exchange Commission (SEC) is investigating a $3-billion impairment charge Rio Tinto Group booked on a Mozambique coal deal almost four years ago, according to a person familiar with the matter. The investigation is ongoing and is separate to an internal Rio review into... 

Balama Graphite Mine Powered By Zest Energy

     28th November 2016 The remote operation to mine one of the world’s largest finds of high grade graphite – the Balama deposit in Mozambique – will be powered by a generator plant being constructed through South Africa-based Zest Energy, part of the Zest WEG Group. According to Alastair Gerrard, managing director of... 

Sasol turns focus to oil in Moz after shoring up gas for 400 MW power plant

By: Terence Creamer     25th November 2016 South African energy and chemicals group Sasol has completed drilling two gas wells in southern Mozambique and has since turned its attention to the development of two commercial oil reservoirs, located in close proximity to its producing gas fields in Temane and Pande. Under the terms of the... 

Many benefits to locally produced liquid filtration options

By: Robyn Wilkinson     25th November 2016 Liquid filtration specialist Flow Clear Filtration has had exponential growth in market interest in its locally produced liquid filtration solutions, which are more cost-effective and accessible than imported options. 

Quantum HEPS down y/y owing to drought, volatile rand

By: Anine Kilian     24th November 2016 Unfavourable trading conditions in South Africa such as the protracted drought plaguing Southern Africa, the volatile rand and a significant increase in the cost of raw materials all contributed to a sharp decline in headline earnings per share (HEPS) for JSE-listed Quantum Foods, which reported... 

Enko Education launches its first South African school

By: Megan van Wyngaardt     23rd November 2016 Enko Education this month launched its first school in South Africa, bringing its total in sub-Saharan Africa to seven schools. The school, located in Ferndale, will teach a curriculum that is based on the International Baccalaureate (IB) Organisation norms. Its programmes lead to the completion... 

Tiger Brands posts higher income despite inflationary pressure 

By: Megan van Wyngaardt     23rd November 2016 The prolonged drought and significant currency volatility has contributed to significant inflation in raw material input costs for JSE-listed fast-moving consumer goods producer Tiger Brands in the financial year ended September 30. The higher costs impacted the grains and groceries divisions, in... 

FESPA Africa and Sign Africa Report Highest Visitor Attendance To Date

     23rd November 2016 The FESPA Africa and Sign Africa Expo held at Gallagher Convention Centre was a major success, with 5592 unique visitors from South Africa and international countries, 941 return visitors and 6533 total visits to the expo. Eighty-two percent of visitors were owners or senior management and 79%... 

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