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Dundee lifts H1 output, earnings drag

By: Natasha Odendaal     29th July 2016 TSX-listed Dundee Precious Metals this week reported a half-year loss, widening from a net loss of $1.2-million in the first six months of 2015 to a net loss of $11.7-million during the first half of 2016. The company attributed this in part to lower copper prices, higher local currency operating... 

New aviation statistics report shows strong South African passenger growth

By: Keith Campbell     29th July 2016 Airline passenger traffic is growing strongly in South Africa. "Passenger growth in South Africa is defying all economic logic!" highlighted Airports Company South Africa (ACSA) CEO Bongani Maseko on Friday. Passenger traffic growth usually reflects growth in gross domestic product (GDP). "GDP... 

Southern Africa in urgent need of food production assistance

By: African News Agency      29th July 2016 Some 23-million people in southern Africa are in need of urgent support to be able to produce enough food to feed themselves and avoid being dependent on humanitarian assistance until mid-2018, the United Nations agricultural agency has warned. According to the Food and Agricultural Organisation... 

Clearing environmental hurdles to power supply growth

     29th July 2016 Environmental consultant SRK Consulting is developing an enabling framework that will help power projects in South Africa to streamline the process of acquiring environmental approvals, in order to avoid unnecessary delays in implementation. 

South Africa a leader in aviation security

By: Keith Campbell     28th July 2016 South Africa is one of the leading countries in the world in implementing the latest commercial aviation security systems. This was pointed out on Tuesday by International Air Transport Association (Iata) head of facilitation Bob Davidson. The systems concerned are Advanced Passenger Information... 

Agreement with union marks pivotal milestone in stabilisation process to ensure future sustainability for EBH Namibia

     28th July 2016 Ship repair company Elgin Brown & Hamer Namibia has announced that it has secured an agreement with the Mining, Metal, Maritime & Construction union, resulting in the company withdrawing its intention to embark on unilateral retrenchments. “We are extremely pleased to have concluded an amicable... 

Agreement with union marks pivotal milestone in stabilisation process to ensure future sustainability for EBH Namibia

     27th July 2016 Ship repair company Elgin Brown & Hamer Nambia has announced that it has secured an agreement with the Mining, Metal, Maritime & Construction Union (MMMCU), resulting in the company withdrawing its intention to embark on unilateral retrenchments. “We are extremely pleased to have concluded an... 

Damaged Namibian furnace set for three-week refractory lining replacement – Dundee

By: Creamer Media Reporter      26th July 2016 TSX-listed Dundee Precious Metals expects its 2016 concentrate throughput to be about 20 000 t less than planned, after a power outage led to damage to the refractory lining of the Ausmelt furnace at its Tsumeb smelter in Namibia. Subsequent to a power blackout in Namibia on July 22, cooling... 

Debmarine Namibia acquires N$2.3bn diamond exploration vessel

By: Megan van Wyngaardt     25th July 2016 Namibia-based marine diamond mining giant Debmarine Namibia on Monday took ownership of the SS Nujoma, the sixth ship in its fleet of diamond mining and exploration vessels, from Norwegian shipbuilder Kleven Verft. The 113-m-long ship was built in Norway and will embark on its maiden voyage for... 

Flsmidth Package Solution For Husab.

     25th July 2016 The Counter Current Decantation thickener circuit at Swakop Uranium’s Husab Project demonstrates the potential of an FLSmidth package solution. Designed and supplied by FLSmidth, this CCD circuit has the largest diameter thickeners of its kind to be installed on the African continent in this type... 

Weatherly Q4 output drops on higher-than-expected groundwater inflows

By: Natasha Odendaal     22nd July 2016 Increased groundwater inflow rates have hampered production at the Tschudi openpit copper mine, in Namibia, in the quarter ended June 30. Aim-listed Weatherly International on Friday said the groundwater inflow rates had surpassed the levels forecast in the operation’s bankable feasibility study,... 

Where does Brexit leave the SADC-EU EPA?

By: Riaan de Lange     22nd July 2016 James Harold Wilson, Baron Wilson of Rievaulx, KG, OBE, FRS, PC, or simply Harold Wilson was Prime Minister of the UK from 1964 to 1970 and  from 1974 to 1976. He is also famed for having said that “a week is a long time in politics”. Granted, it had been longer than a week – 17 days, to be... 

Paladin to sell stakes in Langer Heinrich, Manyingee for up to $205m

By: Creamer Media Reporter      21st July 2016 Dual-listed Paladin Energy will sell a 24% stake in the Langer Heinrich uranium mine, in Namibia, and up to 75% of its Manyingee project, in Australia, for a combined $205-million. Paladin, which owns 75% of the Langer Heinrich mine, has signed a nonbinding term sheet to sell a 24% stake in the... 

SAB takeover getting more expensive by the day

By: News24Wire      21st July 2016 The takeover of SABMiller by Anheuser-Busch (AB) InBev is looking increasingly expensive, a merger and acquisition expert said on Thursday. Warwick Business School Professor John Colley’s pessimism comes as “various competition authorities exact a heavy price to approve the deal”, he said on... 

Anglo ups South African export coal output as diamond, iron-ore volumes fall

By: Martin Creamer     20th July 2016 Diversified mining company Anglo American upped South African export coal production in the three months to June 30, which saw local diamond and iron-ore output fall appreciably. While Eskom-related production remained broadly unchanged in the second quarter, export coal production rose 8% to... 

Belmet And 3c Metal Formalise A Shareholding Relationship

     19th July 2016 Following a long history of successful collaboration and joint ventures between Belmet and 3C Metal, the French-based head office of 3C Metal has officially taken the decision to invest in a shareholding percentage of Belmet Namibia and Belmet South Africa. The shareholding agreement is effective... 

South Africa leads Africa in women's economic rights

By: News24Wire      19th July 2016 The AU has awarded South Africa the prize for being the best country in Africa in advancing women’s economic rights. It was, however, trumped by Rwanda when it came to political rights for women. 

Paladin hits cash-flow positive FY 2016 despite marred market

By: Henry Lazenby     18th July 2016 TSX- and ASX-listed uranium producer Paladin Energy has achieved its full-year fiscal 2016 objective of being cash-flow positive on an 'all in' basis, excluding one-off restructuring costs and capital management, it said Monday. The Perth, Western Australia-based company reported fourth-quarter... 

Davies says Brexit risk for South Africa does not lie in trade arena 

By: Terence Creamer     15th July 2016 South Africa’s Trade and Industry Minister Dr Rob Davies has formally written a letter to the British High Commissioner seeking a meeting regarding the implications of the recent Brexit vote on South Africa’s trade and economic relations with the UK. However, he says he does not anticipate any... 

Without the right transformation the future will remain unbuilt v2

     15th July 2016 South Africa. Africa must stop believing that it cannot think for itself in the construction industry and grab the opportunities on the continent, says the head of one of the biggest construction companies south of the Sahara. “The future is unbuilt without the right transformation. If mind-sets... 

HAZLETON PUMPS comes out top at the SADC Annual Quality Awards as only company to win two main awards.

     12th July 2016 The sixth SADC Annual Quality Awards presentation ceremony was held on the evening of the 16th March 2016 in Gaborone, Botswana. The aim of the SADC Annual Quality Award competition is to recognize and appreciate organizations and individuals who are contributing to quality advancement in all... 

Africa’s Premier Aerospace And Defence Spectaculor Exhibition Aims To Unlock Markets On The Continent

     8th July 2016 The growth potential of the African aerospace and defence markets will be highlighted during the largest exhibition focusing on these industries on the continent hosted in Tshwane in September. The 9th edition of Africa Aerospace & Defence – AAD 2016 – is returning to the Air Force Base... 

Africa’s mining opportunities underexplored – Vedanta chair

By: Martin Creamer     8th July 2016 Africa’s true scale of business opportunities, particularly those in South Africa’s rich natural resources sector, were underexplored, Vedanta Resources chairperson Anil Agarwal outlined here during Prime Minister Narendra Modi’s visit on Friday. The head of the Indian natural resources company,... 

Standard Bank keen to participate in South Africa’s gas-to-power programme

By: Terence Creamer     8th July 2016 Leading South African financial institution Standard Bank has confirmed that it is keen to participate in the funding of South Africa’s gas-to-power (GTP) programme and that it is eagerly awaiting the release of the project information memorandum, outlining government’s preferred procurement... 

Despite El Niño, Omnia maintains agri sales volumes

By: Mia Breytenbach     8th July 2016 Despite the effects of the El-Niño weather phenomenon and the resulting drought this past year, JSE-listed Omnia’s Agriculture division delivered a “surprisingly good” performance, says Omnia CEO Rod Humphris. The Agriculture division maintained sales volumes in the difficult current economic and... 

Event will catalyse power sector advancement

     8th July 2016 By bringing together over 2 000 stakeholders from across the power value chain – from generation through to end-users – Power-Gen Africa 2016 aims to facilitate networking and knowledge sharing that catalyses power sector advancement across the continent, says energy consultancy firm EON... 

Increased pan-African focus at Power-Gen

     8th July 2016 Power-Gen Africa 2016 has stepped up its pan-African focus with the aim of serving as the continent’s premier knowledge sharing and networking hub for the power generation and distribution sectors, says event organiser PennWell international conferences director Nigel Blackaby. 

The best of a bad situation

By: Terence Creamer     8th July 2016 The decision by the majority of British voters to place their crosses in the box alongside ‘Leave the European Union (EU)’ in a referendum where the only question was ‘Should the UK remain a member of the EU or leave the EU?’, was obviously unexpected and shocking. That said, the economic... 

Eyes on Africa in Aecom strategy shift 

By: Natasha Odendaal     7th July 2016 Professional and technical services firm Aecom planned to leverage its extensive base in South Africa to expand its presence across Africa in a strategy that could see the company’s revenue from the continent doubling from $150-million in the next few years. Speaking on the sidelines of a... 

Where’s the fire?

     6th July 2016 Ever mindful of customer needs and the environment, Goscor Power Products offers a high quality range of powerful, water-friendly Fire Fighters that are ideally suited to handle anything from small grass fires to larger forestry applications. With over 30 years of experience in the development of... 

Wacker Neuson opens its heart to needy children in Africa

     5th July 2016 In March 2016, a donation of R172 000,00 was handed over to two SOS Children’s Villages in Africa by Eugene Brown, Regional President for the sub-Saharan Africa Region, on behalf of the Wacker Neuson Group. Recognising the tremendous need for assistance by the Villages in Pietermaritzburg, South... 

Africa’s largest Coca-Cola bottler begins operations

By: African News Agency      4th July 2016 Africa’s largest bottler, Coca-Cola Beverages Africa (CCBA), on Monday opened its doors for the first day of operations. CCBA was formed in 2014 through the combination of African non-alcoholic ready-to-drink bottling interests of SABMiller, the Coca-Cola Company, and Gutsche Family Investments –... 

Steel exporter adapts for changing steel landscape

By: Victor Moolman     1st July 2016 Owing to the global economic downturn, and tough and volatile trading conditions, steel distributor Building System Integration (BSi) Steel has continually adapted and modified its handling of the supply of steel products, to meet the demand in the sub-Saharan African markets. 

There’s more to South African enviro tourism than just the Big Five

By: Kelvin Kemm     1st July 2016 South Africa has one of the most amazing collections of bird species in the world.  In the Southern African region, which includes Namibia, Mozambique, Zimbabwe and Botswana, there are nearly 1 000 bird species. People come from all over the world to see our birds. A couple of weeks ago, I was... 

Goscor Cleaning Equipment formalises Namibian dealership agreement and strengthens African footprint

     30th June 2016 In a strategic move to expand its African footprint, South Africa’s leading quality cleaning equipment and service solutions supplier, Goscor Cleaning Equipment, has formalised its partnership with Namibian-based dealer, Taurus Maintenance Products Namibia (Pty) Ltd. Established in 1981, Taurus... 

How Brexit could be a boost for SA trade

By: News24Wire      30th June 2016 A worst case scenario for the United Kingdom (UK) could be a boost for South African trade between the UK and the European Union (EU), a trade consultant and economist said on Wednesday. This follows a referendum, where the UK voted to leave the European Union last Thursday. 

Glencore throws full weight behind transparency in money-to-govts report 

By: Martin Creamer     29th June 2016 Global diversified mining and marketing company Glencore threw its full weight behind complete openness in its maiden Payments-To-Governments Report 2015. In a 17-page outline, Glencore CFO Steve Kalmin provides an overview of the $5-billion it paid last year to 16 governments ranging from... 

Despite El Niño, Omnia maintains agri sales volumes, chemicals division excels

By: Mia Breytenbach     28th June 2016 Despite the effects of the El-Niño weather phenomenon and the resulting drought this past year, JSE-listed Omnia’s Agriculture division maintained sales volumes, with revenue growing 13% to R8.22-billion. This was despite a 4% decrease in total volumes, said group CEO Rod Humphris on Tuesday,... 

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