R/€ = 14.51 Change: -0.01
R/$ = 12.99 Change: -0.06
Au 1267.28 $/oz Change: 0.04
Pt 956.50 $/oz Change: -3.50


Dango & Dienenthal SA

     26th May 2017 Dango & Dienenthal SA Pty Ltd (DDSA) started off by means of representation by K. Kling, which became a fully owned subsidiary of E.C. Lenning.  In 1982 the decision was taken to establish DDSA.  SKIMMING TECHNOLOGY Due to increasing demands in quality of molten and processed material, different... 

Savannah aims to tap into European lithium market with 'strategic' Portugal acquisition

By: Mariaan Webb     25th May 2017 Multicommodity company Savannah Resources has announced an agreement to buy a series of highly prospective lithium prospects in Portugal, including an advanced project,as the company seeks to tap into the world’s second-largest lithium market after China. As part of the transaction to buy a 75%... 

Pallinghurst share price leaps on value unlock outline

By: Martin Creamer     19th May 2017 The share price of mining investment fund Pallinghurst leapt in Johannesburg after the company outlined its plans to swop its investment fund shawl for a diversified miner’s mantle, unlock value through full absorption of its coloured gemstone associate and target a possible listing of the... 

Tongaat Hulett expects 40% increase in FY profit as prices climb

By: Megan van Wyngaardt     19th May 2017 Local sugar producer Tongaat Hulett expects its operating profit for the year ended March 31 to rise by 40% to R2.3-billion, owing to improved market prices, more effective import protection dynamics in the countries where it operates and higher prices realised for exports. The various sugar... 

Authorities 'rely heavily' on info from illegal miners after gas explosion

By: News24Wire      19th May 2017 Authorities say they have relied heavily on the information from illegal miners at Harmony Gold’s Eland mine in Welkom, Free State, after a gas explosion on Thursday last week. Major General Lerato Molale said on Friday that the search was still continuing. 

Search continues for more illegal miners trapped at Welkom mine

By: News24Wire      18th May 2017 The search for the bodies of more illegal miners is continuing at Harmony Gold’s Eland mine in Welkom, Free State, after a gas explosion on Thursday last week. Major General Lerato Molale said on Thursday that police believed there were more miners underground. 

Drill the SmartROC way

     12th May 2017 Atlas Copco’s automated SmartROC Down-The-Hole and Top Hammer drill rigs have transformed the drilling procedure. Equipped with smart technology, these rigs help to drive down operational and maintenance costs, drive up efficiencies, increase safety and reduce carbon footprints for sustainable... 

Gemfields achieves ‘mixed’ results in Q3; withdraws from Colombia, Sri Lanka operations

By: Anine Kilian     12th May 2017 Aim-listed Gemfields’ 75%-owned Kagem mine in Zambia produced 4.5-million carats of emerald and beryl during the quarter ended March 31. This was three-million carats less than the same period last year, with Gemfields attributing the lower output to inclement weather during the period. It is... 

Nuclear is too expensive, too controversial

By: Nadine James     12th May 2017 Implementing a nuclear build programme in South Africa would be extremely difficult because of the associated expenses as well as the controversy surrounding nuclear power, says financial services company Thomson Reuters. “Globally, government decisions regarding nuclear programmes are delayed... 

Ncondezi seeks extension for loan repayment

By: Anine Kilian     10th May 2017 Aim-listed Ncondezi Energy has asked its loan holders to extend the repayment date for its shareholder loan, which became payable on Wednesday.  Ncondezi, which is developing an integrated coal power plant and mine project in northern Mozambique, has drawn down $2.19-million under the shareholder... 

Scoping study shows 'robustness' of Moz project – Triton

By: Esmarie Swanepoel     10th May 2017 A scoping study into the Ancuabe graphite project, in Mozambique, has estimated that the project could support an annual production of 60 000 t/y over a mine life of some 17 years. ASX-listed Triton Minerals on Wednesday told shareholders that the project would likely require a capital... 

Savannah Resources nears completion of mineral sands scoping study 

By: Megan van Wyngaardt     5th May 2017 Aim-listed exploration and development company Savannah Resources is nearing completion of a scoping study at its Mutamba heavy mineral sands project, in Mozambique. CEO David Archer on Friday told Mining Weekly Online that the company was now “moving things forward at a pace that [our joint... 

Economic uncertainty affects African imports

By: Robyn Wilkinson     5th May 2017 As global economic volatility places pressure on importers in many African countries, more businesses are investigating the option of trade finance, currently regarded as a broader import finance solution rather than just a transactional one, says South African import transaction specialist... 

Report identifies key areas for growth in Africa

By: Robyn Wilkinson     5th May 2017 Well-balanced economies that have shown steady performance over an extended period present key opportunities for growth and development in Africa, while those with high political risk will continue to fail to instill confidence in foreign direct investors, says trade credit insurer Coface. 

Afrox expands Mozambique – Maputo business

     4th May 2017 Afrox, sub-Saharan Africa’s leading industrial gases and welding company, is expanding existing operations in Mozambique to support current customer demand and to position itself to service the country’s fledgling gas resources sector. Driving Afrox’s strategy is a new 8 600sqm headquarters hub... 

Leadership and inclusive growth to take centre stage at WEF on Africa

By: African News Agency      28th April 2017 Africa’s drive to generate inclusive economic growth and the leadership this requires will be the focus of the twenty-seventh World Economic Forum on Africa, taking place in Durban, South Africa, from May 3 to 5. The 27th World Economic Forum on Africa will convene over 1,000 leaders from more... 

Analysts paint sparkling picture of coloured gemstone market

By: Ilan Solomons     28th April 2017 The shift from small-scale artisanal mining to larger mechanised mining, owing to the increasing involvement of larger mining companies and greater formalisation of the sector, is expected to increase the distribution channel of the coloured gemstone industry, which will continue to consolidate... 

Sasol production sharing agreement licence area development project, Mozambique

By: Sheila Barradas     28th April 2017 The field development plan will result in further hydrocarbon resources being developed to support Sasol’s Southern Africa growth drivers. 

Vale stocks trade lower as slower sales offset improved iron pricing

By: Henry Lazenby     27th April 2017 The world’s most prolific producer of iron-ore, Vale, on Thursday reported first-quarter earnings that disappointed investors, sending its NYSE-listed stock falling as much as 5.4% in early trading. The Rio de Janeiro, Brazil-based diversified miner reported net income totalling $2.49-billion... 

First-class service keeps customers returning to Babcock

     26th April 2017 Babcock’s tailor-made aftersales service and reliable technical support, coupled with competitive pricing, were major deciding factors in Bidfreight Port Operations’ recent purchase of two additional SDLG wheeled loader machines from Babcock. Bidfreight Port Operations (BPO) is one of the largest... 

Tsogo Sun invests R220m in new Maputo hotel

By: Creamer Media Reporter      25th April 2017 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... 

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... 

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