R/€ = 15.24 Change: -15.09
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Pt 933.00 $/oz Change: -2.00


Mere tweaks are all that’s needed to update energy plan

By: Kelvin Kemm     Updated 2 hours 28 minutes ago There has been a bit of comment in the media about the Integrated Resource Plan (IRP) of the Department of Energy.  The plan is currently used as the planning base is the 2010 IRP. Comment now is that the plan needs updating. That, of course, is quite correct. Any plan needs updates from time to... 

Process Pipes

By: Zandile Mavuso     Updated 2 hours 28 minutes ago With 47 years’ expertise in the pipes industry, wholesale carbon and mild steel pipes, fittings and flanges wholesaler Process Pipe has established a national footprint in South Africa, with branches in Gauteng (Alrode), KwaZulu-Natal (Jacobs) and two branches in the Western Cape (Belville and... 

Sasol wins tax award in Mozambique

     Updated 2 hours 28 minutes ago Oil and gas company Sasol Petroleum Temane was this year named the best income tax payer for 2015 in the large companies section by Mozambique Revenue Authority. 

New Mozambique energy minister appointed ahead of huge gas deals

By: Reuters     20th October 2016 Mozambican President Filipe Nyusi has appointed businessperson Leticia Klemens as his new energy minister, just weeks after Maputo and Italy's Eni signed a 20-year deal to sell BP liquefied natural gas (LNG). Mozambique's official news agency AIM said Klemens was chairwoman of Mozambique's... 

AECOM appoints new Civil Infrastructure Managing Director for Africa

     19th October 2016 AECOM has appointed Darrin Green as its new Managing Director for Civil Infrastructure in Africa, starting in January 2017. Green is a professional engineer with 26 years’ experience in civil engineering and management. He joins from WSP|Parsons Brinckerhoff, where he is an Executive Director and... 

Nersa sticks with maximum price methodology for gas after court victory 

By: Terence Creamer     18th October 2016 The National Energy Regulator of South Africa (Nersa) reports that it will continue to implement the maximum price methodology for piped gas, following a recent court ruling dismissing a move by large industrial gas users to have the 2013 approval of a Sasol Gas application under the methodology... 

Babcock’s service contract transfers risk from customer to supplier

     14th October 2016 Babcock International in Africa is one of the continent’s industry leaders in providing comprehensive infrastructure and reliable technical support to some of the world’s leading heavy duty machinery brands. As the exclusive regional distributor of Volvo and SDLG construction equipment, Tadano... 

Buffalo Coal appoints interim CEO, CFO

By: Natasha Odendaal     14th October 2016 JSE- and TSX-V-listed Buffalo Coal has appointed Rowan Karstel interim CEO and Graham du Preez interim CFO and corporate secretary, effective October 17. Karstel, who has held senior management positions at several mining companies in South Africa and Mozambique, holds a BSc degree in Mining and... 

Africa sliding? 

By: Terence Creamer     14th October 2016 Over the past number of years, the Africa Rising narrative has asserted itself. It has been a story of improving economic growth, rising investment and greater democracy. Between 2003 and 2008, sub-Saharan Africa (SSA) enjoyed average yearly growth of 6.8% and was home to many of the... 

Kariba dam rehabilitation project, Zambia

By: Sheila Barradas     14th October 2016 Work on the Kariba dam wall is set to start in February 2017. 

Kenmare lifts guidance, reports Q3 records

By: Natasha Odendaal     13th October 2016 LSE-listed Kenmare Resources expects its Moma titanium minerals mine, in Mozambique, to deliver record full-year production levels at lower unit costs as it enters the final stretch of the year. During the third quarter to September 30, the operation achieved quarterly records mostly across the... 

Rio Tinto, Savannah enter into JV for heavy minerals development

By: Anine Kilian     11th October 2016 Diversified miners Rio Tinto and Savannah Resources have entered into a joint venture that will see the two miners develop their Mozambican heavy mineral sands deposits, effective immediately. In a statement released on Tuesday, Savannah said that it would operate the Mutamba and Jangamo mineral... 

New trade deal between SADC, EU now effective

By: Natasha Odendaal     10th October 2016 The new Southern African Development Community (SADC)–European Union (EU) Economic Partnership Agreement (EPA) has become effective four months after concluding the new trade deal. The new SADC-EU EPA framework, which was officially signed in June, will replace the trade provisions of the... 

Proposed Nkomazi SEZ capable of rapid development – DTI

By: Anine Kilian     7th October 2016 The proposed Nkomazi special economic zone (SEZ) at Ehlanzeni district municipality, in Mpumalanga, has the potential for rapid development, says Department of Trade and Industry (DTI) director of special economic zones and economic transformation Maoto Molefane. Molefane was speaking during the... 

Lake Kariba dam wall structural rehabilitation to commence in February 2017 

By: African News Agency      7th October 2016 Work on the long-awaited rehabilitation of the Kariba Dam wall, which hosts the giant Kariba Hydro-Electric Station that generates electricity for Zimbabwe and Zambia is set to commence in February 2017, the Zambezi River Authority (ZRA) has announced. Addressing journalists in the southern... 

IFC close to $2.7bn debt refinancing for Mozambique's Nacala railway

By: Reuters     7th October 2016 The International Finance Corporation, part of the World Bank, expects to close a $2.7-billion debt refinancing for the Nacala Corridor railway project in Mozambique early next year, a senior IFC official said on Friday. The refinancing could help to ease balance sheet pressure on Brazilian miner... 

Inyatsi to target larger markets as it seeks to double turnover in two to three years

By: Mia Breytenbach     7th October 2016 In pursuing a new succession planning strategy, infrastructure construction specialist Inyatsi Construction Group Holdings plans to target larger markets and increase its turnover from R1.5-billion currently to more than double in the next two to three years. “Growth creates opportunities, and... 

Sales professionals receive ‘intensive’ training

     7th October 2016 Global construction supplier Case Construction Equipment held a three-day training event in July to provide product and commercial training on construction equipment to sales professionals throughout the Southern African region. The event, themed Eagle Days, took place in Johannesburg from July... 

Sasol completes first ever onshore 3D seismic campaign in Mozambique

By: Megan van Wyngaardt     6th October 2016 South African petrochemicals company Sasol has completed the first ever three-dimensional (3D) onshore seismic programme, in the Inhassoro field, in Mozambique. This involved acquiring 115 km2 of data in the Inhassoro field, which forms part of Sasol’s onshore production sharing agreement (PSA)... 

Vale fertiliser deal on track despite BNDES delay – sources

By: Reuters     5th October 2016 Vale's plan to dispose of fertiliser assets remains on track despite a request last week by Brazil's state development bank, BNDES, to analyse the transaction more carefully, according to two people with direct knowledge of the situation. Terms of the deal, which involves the sale of certain... 

Mozambique State oil firm says signs 20-year LNG sales agreement with BP

By: Reuters     4th October 2016 Mozambique's State-owned oil company ENH said on Tuesday it had signed a sales agreement with BP for the sale of liquefied natural gas (LNG) from the South Coral field. Italian oil firm Eni, the operator of the field, also signed the agreement, ENH said. 

South Africa to name preferred bidders for gas projects in March

By: Reuters     3rd October 2016 South Africa will announce preferred bidders for multi-billion dollar gas-to-power projects by the end of March as part of efforts to diversify electricity production away from more environmentally damaging coal plants, a government document shows. Tender documents in May last year asked... 

Monsanto opens revamped plant breeding centre  

By: Megan van Wyngaardt     30th September 2016 Sustainable agriculture company Monsanto on Friday opened its R15-million renovated breeding centre, in Petit, near Benoni. The breeding centre is located on a 300 ha maize farm and hosts new offices, which are more than double the size of the original office, and an audiovisual boardroom that... 

Mozambique minister's sacking will not affect gas project decision – Eni

By: Reuters     30th September 2016 The sacking of Mozambique's energy minister will not affect Italian oil firm Eni's final investment decision on an offshore gas project there, Eni CE Claudio Descalzi said on Friday. Energy Minister Pedro Couto was sacked by the president on Thursday, a month before Eni is due to finalise its... 

Debt set to remain on the rise in sub-Saharan Africa – Fitch

By: African News Agency      30th September 2016 Sovereign debt levels and debt servicing costs would continue to rise steadily in sub-Saharan Africa (SSA) in 2016 and 2017, Fitch Ratings agency warned on Friday. It said the median general government debt-to-GDP ratio for the region rose from 30.2% in 2011 to 49.7% last year. 

Reassurance in a stormy world

By: Keith Campbell     30th September 2016 After a review that lasted some two months, British Prime Minister Theresa May gave the go-ahead for the Hinkley Point C nuclear power plant (NPP), which will be built by a partnership between France’s State-owned Électricité de France (EDF) and China General Nuclear Power (CGN), another... 

Brazil's Vale agrees to new terms with Mitsui for Mozambique coal asset

By: Reuters     29th September 2016 Brazilian miner Vale said on Thursday it has agreed to new terms with Japan's Mitsui & Co for the sale of a stake in its Moatize coal mine and connected railway, in Mozambique. Under the new terms, Mitsui will contribute up to $450-million for a 15% stake in the mine and $348-million for a 50%... 

Mozambique's Energy Minister sacked ahead of huge gas deals

By: Reuters     29th September 2016 Mozambique Energy Minister Pedro Couto has been sacked, the Presidency said on Thursday, a month before Italy's Eni is due to finalise an offshore gas project worth tens of billions of dollars. No reason was given for the dismissal of Couto, who had held the energy portfolio since January 2015. 

Syrah testwork proves up at Balama

By: Esmarie Swanepoel     29th September 2016 Testwork at the Balama graphite project, in Mozambique, has revealed that a significant improvement in total graphitic carbon could be achieved through the addition of a liberation circuit. Owner Syrah Resources said on Thursday that the results of a 100 t pilot plant test programme, in Brazil,... 

Brown: Unless economy in hands of majority, it's going nowhere

By: News24Wire      28th September 2016 The economy must be controlled by the black majority, said Public Enterprises Minister Lynne Brown. Brown spoke to media briefly following a closed meeting with the Black Business Council (BBC) in Sandton on Tuesday. 

Illegal mining out of control – Mine Rescue Services

By: Natasha Odendaal     27th September 2016 A surge in the number of mine rescues and recoveries at abandoned and disused operations is an indication that the illegal mining scourge is starting to spiral out of control, and the recorded incidents are just the tip of the iceberg. The Chamber of Mines and Mine Rescue Services (MRS) on... 

Eni asks banks for billions to finance Mozambique gas project

By: Reuters     27th September 2016 Italian oil firm Eni has approached banks for billions of dollars to finance a huge offshore gas development in Mozambique, a significant step in getting a long-delayed project off the ground, the company and sources said. Eni confirmed it met bankers in London last week about project financing... 

Randgold CEO Bristow ‘super excited’ about Africa as ‘next China’ 

By: Martin Creamer     26th September 2016 Africa needs investments coupled with aggressive growth and if correctly managed, will be the world’s "next China", says Randgold Resources CEO Dr Mark Bristow, who has developed half a dozen highly successful gold mines on the continent besides traversing its length and breadth on his motor... 

Fraser Alexander’s structured funding offering to revolutionise mining industry – CEO 

By: Mia Breytenbach     26th September 2016 Mining Services and construction company Fraser Alexander has, as part of repositioning its business value proposition, introduced a structured funding offering to its Integrated Mining Service (IMS) for its clients. CEO Velile Nhlapo believes this value proposition will “revolutionise the mining... 

Gemfields posts higher FY profits as production shines

By: Natasha Odendaal     26th September 2016 Significant operational progress at Aim-listed Gemfields’ 75%-owned mining assets in Zambia and Mozambique have translated into strong financial output in the year ended June 30. The gemstone miner on Monday posted a profit after tax of $23.5-million for the year under review, up 91% on the... 

Goscor Power Products rates Rato engines top notch!

     26th September 2016 Goscor Power Products (Pty) Ltd., a leading Southern African distributor of generators, engines and pumps, is proud to announce its recent appointment as the official distributor of the high quality Rato power product line up for the SADEC and East African regions. “In accordance with the... 

Coal India plans to re-enter Mozambique

By: Ajoy K Das     23rd September 2016 Less than a month after formalising its exit from developing coal blocks in the Tete province of Mozambique, Coal India Limited (CIL) is planning to re-enter the African country in search of a new project. According to a CIL official, the Indian miner will approach the Mozambique government for... 

Entrepreneurs form joint venture to boost renewable energy service

By: Dylan Slater     23rd September 2016 With over 600-million people in Africa living without electricity, four entrepreneurs have joined forces in an effort to reduce this volume of people without access to electricity with the formation of renewable energy company ePower Holdings.  

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