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Battery Minerals tables feasibility study for Balama

By: Esmarie Iannucci     12th December 2018 A feasibility study into Balama graphite project, in Mozambique, has estimated a capital cost of $69.4-million to support production of 58 000 t/y over a mine life of 27 years. ASX-listed Battery Minerals said on Wednesday that Balama would generate earnings before interest, tax, depreciation... 

Kibo, Edenville resubmit tender qualification documents to Tanesco

By: Tasneem Bulbulia     7th December 2018 Aim-listed companies Kibo Energy and Edenville Energy on Friday both announced that they had resubmitted their respective tender qualification documents to the Tanzania Electricity Supply Company (Tanesco). Kibo is developing the Mbeya coal-to-power project (MCPP) and Edenville the Rukwa... 

African countries urged to sign Luxembourg Protocol at Zimbabwe PIDA meeting

By: African News Agency      27th November 2018 African countries have been urged to sign the Luxembourg Protocol by Soteri Gatera, the chief of industrialisation and infrastructure at the Economic Commission for Africa (ECA). Gatera made the call during his presentation titled, ‘The Luxembourg Rail Protocol: Railway Rolling Stock Financing –... 

Radebe hints at possible Saudi investment to boost South Africa's oil refining capacity

By: Kim Cloete     7th November 2018 Energy Minister Jeff Radebe has called for a collaborative approach to attract investment in oil refining hubs throughout the continent and has hinted that Saudi Arabian investment in refining capacity in South Africa may soon become a reality. “In South Africa we believe the time has come for an... 

Oil, gas outlook positive amid tough conditions, says PwC review

By: Kim Cloete     7th November 2018 The outlook for Africa’s oil and gas industry is positive, despite tough economic conditions and far fewer discoveries over the past year, PwC’s yearly 'Africa Oil & Gas Review' shows. The review indicates how the industry has responded in the wake of the recovery of the oil price to close to... 

Afrimat prospers in H1, despite tough economic environment

By: Simone Liedtke     1st November 2018 Openpit mining company Afrimat on Thursday posted a 4.3% year-on-year improvement in operating profit to R202.7-million for the six months ended August 31, while revenue increased by 28.6% year-on-year to R1.5-billion. These positive results, CEO Andries van Heerden said at a media breakfast,... 

ExecuJet welcomes first Pilatus PC-24 aircraft to its fleet  

1st November 2018 Luxury aviation company ExecuJet last month officially launched and welcomed the Pilatus PC-24 to its fleet at the company’s private terminal at Cape Town International Airport. Simone Liedtke reports. 

Xtract, Nexus amend terms of alluvial collaboration agreement

By: Tasneem Bulbulia     30th October 2018 Xtract Resources and Nexus Capital, previously known as Mineral Technologies International, on Tuesday agreed to revise the terms of a collaboration agreement for the exploitation of alluvial gold deposits at Xtract’s Manica deposit, in Mozambique. The parties initially entered into the... 

American trade delegation in South Africa to expand business opportunities in Southern Africa

By: African News Agency      30th October 2018 An American trade delegation, comprising businessmen from more than 30 American companies and state government leaders, is in South Africa seeking to expand agricultural export opportunities in the region. The trade delegation, which arrived in South Africa on Monday and will conclude its visit... 

Gemfields finds 1.1 kg emerald at Kagem in Zambia

By: Bloomberg     29th October 2018 The world’s biggest emerald miner has found a gem that weighs more than 1.1 kg at its mine in Zambia. The 5 655 ct stone found earlier this month at the Kagem mine will be sold at auction in Singapore in November, Gemfields Group said in a statement on Monday. 

Volvo launches new 95 t rigid hauler for coal, bulk commodities industries

By: Schalk Burger     26th October 2018 Earthmoving equipment manufacturer Volvo Construction Equipment on Thursday launched a new 95 t rigid hauler for the coal and bulk commodities industries in Southern Africa. Its local partner, construction equipment company Babcock Equipment, would provide the support and services for the... 

Progress made to deliver value-based company strategy

By: Paige Müller     26th October 2018 Integrated chemical and energy company Sasol’s 2018 financial year – which came to a close in June of this year – has proven positive in terms of realising the company’s strategy. “The company has made significant strides in bettering its organisational culture and advancing opportunities in its... 

Manufacturer supplies stainless steel diesel field stoves to SANDF

26th October 2018 Manufacturer and exporter Desert Wolf plays an instrumental role in project teamster, which is the new South African National Defence Force (SANDF) project to upgrade the complete field kitchen facilities for the defence force and is currently supplying it with a range of stainless steel diesel... 

Eskom to add 6 500 km of high-voltage transmission lines by 2028

By: Marleny Arnoldi     25th October 2018 Power utility Eskom plans to add about 6 500 km of high-voltage transmission lines and 46 000 MVA of transformer capacity in the next ten years, its latest Transmission Development Plan (TDP), for the period from 2019 to 2028, shows. The TDP, which was released on Thursday, also demonstrates... 

South32 foresees short-term volatility, but long-term growth, sustainability 

By: Schalk Burger     25th October 2018 Diversified mining and metals company South32 on Thursday forecast short-term price volatility for the commodities it produces, but also highlighted its strong cash position and its work to further optimise its global portfolio of assets. In a speech delivered at the company’s 2018 annual general... 

Pathfinder raises £150k

By: Creamer Media Reporter      23rd October 2018 London-listed Pathfinder Minerals, which seeks to mine heavy mineral sands in Mozambique, has conditionally raised £150 000 through a share subscription with new and existing investors, including nonexecutive cochairperson Simon Farrell and CEO Scott Brown. The proceeds from the subscription... 

Grindrod buys marine support services business

By: Nadine James     23rd October 2018 JSE-listed Grindrod said on Tuesday that the recently announced acquisition of the Novagroup from Pescanova would enhance its service and product offering, as well as expand its footprint in southern Africa. Nova was established in the 1960s to deliver support services to the maritime industry,... 

Euro Steel

23rd October 2018 Part of AFMETCO Group of Companies, Euro Steel has evolved into one of South Africa’s largest stainless steel, special steels, aluminium and other corrosion-resistant materials distributors and exporters. The company operates predominantly in all major cities in South Africa, but also has... 

Saoga upbeat about prospects for the gas industry in South Africa

By: Kim Cloete     19th October 2018 The South African Oil & Gas Alliance (Saoga) believes there are catalytic opportunities for developing the gas industry in South Africa, which have been buoyed by a renewed focus on attracting investment to the country. The two major opportunities will be the massive gas finds in neighbouring... 

The natural gas revolution in South Africa: A changing energy landscape

By: Creamer Media Reporter      19th October 2018 Recent on- and off-shore discoveries of globally significant quantities of natural gas in Southern Africa – including trillions of cubic metres of natural gas in the Rovuma Basin off the Mozambique coast, the biggest global find of natural gas in decades – represent a new dawn for the region’s... 

Positives of migration

By: Martin Zhuwakinyu     19th October 2018 Television footage of desperate Africans drowning in the Mediterranean Sea en route to Spain and other European destinations that hold out the promise of a better life has become all too frequent. The International Organisation for Migration puts the cumulative toll since 2000 at 33 000, with... 

MeerKAT telescope described as 'a quantum leap forward'

By: Kim Cloete     16th October 2018 The launch of Ghana’s Kutunse radio telescope, as well as South Africa’s 64-dish MeerKAT telescope have been lauded as examples of what can be achieved when African countries work together in the interests of science and technology. South African Science and Technology Minister Mmamoloko... 

Cavex® Hydrocyclones Expand Footprint Across Africa

16th October 2018 Weir Minerals Africa has expanded its Cavex® hydrocyclone footprint across Africa with its most two recent orders going into the Central African Copperbelt; one in Zambia and one in the Democratic Republic of Congo (DRC). Sheldon Gabriel, Product Manager – cyclones at Weir Minerals Africa, says... 

ExecuJet welcomes first Pilatus PC-24 aircraft to its fleet 

By: Simone Liedtke     15th October 2018 Luxury aviation company ExecuJet on Monday welcomed the first Pilatus PC-24 aircraft in Africa to its premises at Lanseria International Airport, in Johannesburg. ExecuJet, which held a photo opportunity on Monday, is the first business aviation company in Africa to operate and manage a Pilatus... 

Southern African airlines face losses and slow growth, says industry association 

By: Rebecca Campbell     12th October 2018 The Airlines Association of Southern Africa (AASA) has forecast that airlines in the Southern African Development Community (SADC) region will suffer total losses of $300-million for this year. This would be in sharp contrast to the expected total profit of $33.8-billion for the global airline... 

CAME Group parking solutions for revenue generation

By: Shannon de Ryhove     12th October 2018 Global technology company CAME, a group well-known in Italy and worldwide, has been operating in the home and building automation sector for over forty years. Cutting-edge technologies, soundness, efficiency and design are among the principles that guide the company in the design and... 

Nacala International Airport solar photovoltaic energy plant, Mozambique

By: Sheila Barradas     12th October 2018 WHN Solar plans to build a 100 MW photovoltaic plant as part of the Mozambique government's initiative to establish universal access to electricity by 2030. 

Syrah's improvement plans bear fruit

By: Esmarie Iannucci     11th October 2018 Graphite miner Syrah Resources has reported an 83% increase in production between the second and the third quarters, as the company’s improvement plan at its Balama operation, in Mozambique, starts to take shape. During the three months to September, Syrah produced 38 700 t of graphite, up from... 

IMF warns African countries against spiraling levels of public debt

By: African News Agency      11th October 2018 The International Monetary Fund (IMF) on Wednesday warned African countries that their increasing indebtedness and failure to service their public debts was creating poverty for its citizens. Montfort Mlachila, senior resident representative for IMF in South Africa, said that countries like... 

Mozambique signs oil exploration agreements with Exxon, Rosneft

By: Reuters     9th October 2018 The Mozambican government said on Monday it had signed oil exploration agreements with US energy firm Exxon Mobil and Russia's Rosneft. Mozambique's National Petroleum Institute, an energy regulator in the southern African country, said the government was preparing to sign similar agreements with... 

EDF, GIBB form GIBB Power partnership

By: Tasneem Bulbulia     8th October 2018 Through a new partnership between EDF and GIBB, finalised last week, GIBB Power aims to become a reference-engineering platform, specialising in supporting energy projects and offering solutions to overcome the challenges of Africa’s energy transition. GIBB Power is owned 70% by GIBB and 30% by... 

Mustang to change name

By: Esmarie Iannucci     8th October 2018 ASX-listed Mustang Resources will start trading under the name New Energy Minerals on October 15, after shareholders approved the name change earlier this month. The company said on Monday that the new moniker reflected its focus on vanadium and graphite exploration and mining. 

Tongaat warns of significant decreases in interim profit, earnings

By: Simone Liedtke     5th October 2018 JSE-listed agriculture and agroprocessing group Tongaat Hulett on Friday warned that its operating profit for the six months ended September 30, is expected to be at least 40% below the R1.4-billion earned in the prior comparable period. The company attributed the decrease to land conversion and... 

Science fair affords students learnerships, prizes to promote science skills development

By: Marleny Arnoldi     5th October 2018 During the Eskom Expo International Science Fair, which was held from October 3 to 5, the Eskom Senior Grand Prize was awarded to a Curro Klerksdorp Grade 12 learner Aqil Variava, who developed the “pollution index” – a tool to investigate water quality. He won a R75 000 cash prize.  

Balking miners jeopardise $2.8bn Mozambican coal rail

By: Bloomberg     5th October 2018 A plan to develop a $2.8-billion railway and port to ferry coal in Mozambique may collapse because miners are balking, according to the man trying to build it. Failing to get the project off the ground would deprive the southern African country of a source of revenue it’s come to rely on as it... 

Nene pleads for S Africans’ forgiveness for Gupta meetings  

By: Sane Dhlamini     5th October 2018 Finance Minister Nhlanhla Nene on Friday pleaded to South Africans to forgive him for his visits to the Gupta compound in Saxonwold, Johannesburg and their family business in Midrand during his terms as Deputy Minister, in 2010, and Finance Minister, in 2014.  His visits to the Gupta home were... 

Nene's involvement with son's business dealings questioned

By: News24Wire      5th October 2018 Finance Minister Nhlanhla Nene has been pulled into the orbit of a questionable investment by the Public Investment Corporation (PIC) in Mozambique, after it emerged that a business partner of his son scored millions of rand in the deal.  The Mail & Guardian and amaBhungane reported on Friday... 

SA to offer Swahili as a school subject

By: Martin Zhuwakinyu     5th October 2018 Readers of this column who are not news junkies like yours truly may have missed the announcement, made last month: South African schools, both public and private, will be offering Swahili as an optional language from 2020, alongside such foreign languages as French, German and Mandarin, which... 

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