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Paladin revenue drops sharply as Namibia mine shuts down

By: Esmarie Iannucci     19th October 2018 ASX- and TSX-listed Paladin Energy has reported $6.6-million in revenue for the quarter ended December, from the sale of 267 423 lb of uranium oxide (U3O8). The quarterly sales results compared with the $23.6-million in revenue generated from the sale of 1.14-million lb U3O8 in the previous... 

Regional carrier SA Express continues to re-establish its route network

By: Rebecca Campbell     19th October 2018 State-owned domestic and regional airline SA Express, as part of its relaunch strategy, has reinstated two more of its services. This is part of its plan to, as soon as possible, re-establish its best-performing routes. The two routes concerned are the domestic Johannesburg-Hoedspruit (Mpumalanga... 

South African slump batters smaller neighbours protecting rand peg

By: Bloomberg     18th October 2018 South Africans aren’t the only ones struggling through the country’s economic slump. The fortunes of Lesotho, Namibia, and eSwatini, formerly known as Swaziland, are beholden to developments in their larger neighbor with their exchange rates pegged to the rand, the worst-performing major currency... 

Organisations oppose coal in IRP public hearings 

By: Kim Cloete     16th October 2018 Public hearings into the Integrated Resources Plan (IRP) kicked off in Parliament on Tuesday, with several organisations voicing their concerns about the plan’s provision for new coal-fired power stations. Attorney Robyn Hugo of the Centre for Environmental Rights (CER) told Parliament’s... 

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... 

B2Gold delivers record Q3 production despite production shortfalls in Nicaragua

By: Marleny Arnoldi     12th October 2018 Canadian miner B2Gold had record-consolidated gold production of 242 040 oz in the third quarter – a 78% increase on the 106 412 oz produced in the third quarter of 2017. Fekola mine, in Mali; Masbate mine, in the Philippines; and Otjikoto mine, in Namibia, were the strongest contributors to... 

Desert Lion announces maiden mineral resource estimate for Namibian project

By: Simone Liedtke     12th October 2018 TSX-V-listed Desert Lion Energy has completed a maiden mineral resource estimate for its Namibian lithium project, the company announced on Friday. The maiden mineral resource estimate comprised the Rubicon, Rubicon Slimes, Helikon 1, Helikon 2, Helikon 3, Helikon 4 and Helikon 5 deposits, and... 

Technicrete celebrating half century this year

12th October 2018 Leading S African precast concrete provider turns 50 this year. Over the last 50 years, Technicrete has grown operationally as well as through its product offering. From small beginnings to the construction of Technicrete’s first major plant at Randfontein, the establishment of nine other... 

Airline SA Express continues to re-establish its route network

By: Rebecca Campbell     9th October 2018 State-owned domestic and regional airline SA Express announced on Tuesday that it had relaunched two more of its services, as part of its plan to, as soon as possible, re-establish its best-performing routes. The two routes concerned are the domestic Johannesburg-Hoedspruit (Mpumalanga province)... 

African transport infrastructure insufficient for continental growth – Nzimande

By: African News Agency      4th October 2018 Transport Minister Blade Nzimande has said that if Africa wants to capitalise on its fast growth trajectory it needed better transport and logistics as current infrastructure was “insufficient”. Delivering the keynote address at the 2018 African Ports and Rail Evolution Conference at the Inkosi... 

40 Years of BEKA Schréder

By: Creamer Media Reporter      3rd October 2018 We at BEKA Schréder wish to convey our sincerest gratitude to our customers for their unwavering support as we celebrate our 40-year anniversary. BEKA Schréder has been supplying high-performing, energy-efficient and high quality lighting solutions since 1978. When our company was founded with... 

Tullow Oil optimistic about prospects in Africa

By: Kim Cloete     2nd October 2018 Oil and gas exploration and production company Tullow Oil has outlined its sharper and deeper focus on Africa, with upbeat outlooks for its projects in both West and East Africa.   Despite a shift to cleaner energy and alternative energy sources, Tullow Oil also believes there will be strong... 

AfriTin acquires additional exploration licences through Tantalum Investment

By: Simone Liedtke     2nd October 2018 Aim-listed AfriTin Mining will acquire the entire issued share capital of Namibia-based private company Tantalum Investment (TI), which holds two exploration licences for tin, tantalum and other associated materials, from Jan Jonathan Serfontein. TI is being acquired for £850 000, to be satisfied... 

Uranium import probe threatens US nuclear power industry - group

By: Reuters     27th September 2018 US nuclear power generators urged the federal government against taking action in a dispute over imported uranium, arguing tariffs or quotas would increase costs for the struggling industry and possibly cause some reactors to shut, according to a statement emailed on Wednesday. The US Department... 

Illegal blockade temporarily halts Trevali’s Peru mine

By: Creamer Media Reporter      26th September 2018 Operations at the Santander zinc mine, in Peru, have been temporarily halted, owing to an illegal blockade by a group of community members claiming that the company has failed to satisfy its investment obligations. The blockade had stopped the delivery of scheduled supplies to the mine,... 

Aveng reports strong market interest in most of its noncore assets 

By: Terence Creamer     26th September 2018 Following a series of capital markets transactions, which have helped stabilise Aveng’s precarious balance sheet, the JSE-listed infrastructure group has turned its attention to the disposal, by June 2019, of several noncore businesses, including its well-known construction business,... 

Montero inks MoU with Chinese firm for lithium production

By: Creamer Media Reporter      25th September 2018 Namibia-focused Montero Mining and Exploration has entered into a nonbinding memorandum of understanding (MoU) with Jiang Xi Yun Lithium of China for joint cooperation and development of lithium production in Africa.  Jiang Xi Yun is focused on the supply of battery grade lithium products to the... 

Tullow Oil abandons first Namibian well, keeps options open

By: Reuters     25th September 2018 Africa-focused Tullow Oil will abandon its first well in Namibia, but data gathered in the project indicated it might strike lucky in another attempt, it said on Monday. "The Cormorant-1 exploration well in the PEL-37 licence, offshore Namibia, encountered non-commercial hydrocarbons and the well... 

Trevali refinances credit facility

By: Creamer Media Reporter      19th September 2018 Zinc miner Trevali has refinanced its credit facility and managed to secure an improved pricing, which should save the miner up to $5-million over a four-year term, it announced on Wednesday. Trevali entered into an amended and restated credit agreement with a syndicate of lenders for a... 

Engen operations in nine African countries transfer to Vivo Energy in March 2019

By: Marleny Arnoldi     18th September 2018 Oil company Engen Holdings’ operations in nine sub-Saharan African countries will be transferred to JSE-listed downstream petroleum company Vivo Energy on March 1, 2019. The $203.9-million transaction will see Vivo’s retail service station network expand from 15 to 23 countries in Africa,... 

DEHN AFRICA offers lightning and surge protection as solar installations in Africa gather momentum

By: Creamer Media Reporter      17th September 2018 The use of solar power and solar energy installations is growing around the globe, and this holds true in Africa as well. DEHN AFRICA has worked on a number of projects across the continent and notes that, while solar installations are on the rise, the use of photovoltaic (PV) installations... 

Technicrete turns 50

By: Creamer Media Reporter      14th September 2018 Technicrete, one of South Africa’s leading manufacturers of precast concrete products turns 50 this year. Originally part of the Concor Group launched in 1948 by Jurgen Schultz, who, in 1968, saw a gap in the market for the manufacture and application of precast concrete products. The group... 

VIPs attending Infrastructure Africa attest to big infrastructure opportunities on the continent

By: Creamer Media Reporter      12th September 2018 Infrastructure Africa is bringing together global and regional infrastructure leaders and experts to attend the 7th annual event, kicking off in Sandton Convention Centre, Johannesburg on the 9 -10th October 2018. Africa’s premier infrastructure event continues to grow its line-up of stellar... 

Afrox achieves double-digit HEPS growth amid subdued economic environment 

By: Simone Liedtke     10th September 2018 Despite low economic growth in the six months to June 30, JSE-listed African Oxygen (Afrox) achieved double-digit growth in its headline earnings per share (HEPS) to 104c, representing an increase of 11.5% from the HEPS of 93.3c recorded for the six months to June 30, 2017. Referring to the... 

Johnson Crane Hire Rolls Out Its Own ‘Big Five’

10th September 2018 Customers of Africa’s lifting leader Johnson Crane Hire were recently treated to an impressive display of a selection of the company’s lifting equipment at an open day where its heavy lift fleet was likened to the ‘big five’ of the wild. “Johnson Crane Hire is a home grown South African business,... 

GemCap investment allows Linebooker to venture outside South Africa

By: Irma Venter     4th September 2018 African Rainbow Capital Investments subsidiary GemCap has acquired online transport management business Linebooker from the Oceana Group for an undisclosed amount.   “The investment by GemCap is significant in that it gives us the scope and capital to expand our service offering and logistical... 

Lab-made diamonds for less: Why De Beers's plan worries rivals

By: Bloomberg     4th September 2018 De Beers hasn’t even opened its first synthetic diamond store, but its looming entry into the market for man-made gems has already shaken the industry. The unit of Anglo American said three months ago that it plans to sell lab-grown diamonds at a fraction of the going rate, undercutting rivals... 

Dinosaurs dominate South African Mint’s 2018 Natura Palaeontology Collection

By: Simone Liedtke     3rd September 2018 The South African Mint on Monday unveiled the five-coin Palaeontology Collection in 24 ct gold. The collection brings to life the ‘archosauria’, which comprise crocodiles, pterosaurs, dinosaurs and birds or the ruling reptiles that roamed and soared freely in Southern Africa about 200-million... 

Bidvest lifts FY18 HEPS despite volatile market

By: Simone Liedtke     3rd September 2018 JSE-listed services, trading and distribution company Bidvest on Monday declared a final dividend of 301c a share, bringing the total dividend for the financial year ended June 30 to 556c, amid a volatile market, which the company said was characterised by weak economic growth and consumer spend,... 

Grindrod reports strong recovery in interim earnings

By: Marleny Arnoldi     31st August 2018 Freight and financial services group Grindrod has achieved a strong year-on-year recovery in the six months to June 30, with its earnings a share having increased to 317c, compared with a loss a share of 11.5c in the first half of 2017. Headline earnings a share were 3.8c, compared with a... 

Bigen wins two Standard Bank Top Women Empowerment Awards

By: Creamer Media Reporter      31st August 2018 The Bigen Group, an innovative and solutions-focused infrastructure development group, earned two sought-after Standard Bank Top Women Awards. Bigen was named Top Gender Empowered Company in Infrastructure Development and CEO Anton Boshoff the Top Male Driving Gender Empowerment at the annual... 

Montego expands Eastern Cape pet food factory

By: Schalk Burger     31st August 2018 Local pet food manufacturer Montego Pet Nutrition increased production at its Graaff-Reinet facility, in the Eastern Cape, by 30%. The R70-million expansion, which will also create 30 more direct jobs, included a new 3 600 m2, R15-million depot, divided equally for use as a warehouse and treats... 

MSQ, Coega SEZ to build R100m medical device factory

By: Shirley le Guern     28th August 2018 South African healthcare company MSQ is positioning itself to become South Africa’s third active pharmaceutical ingredient (API) manufacturer. The company, which has set its sights on becoming a market leader in a sector dominated by imports, has teamed up with the Coega Special Economic Zone... 

Namibia Critical Metals to start cobalt/copper drilling before end-Sept

By: Marleny Arnoldi     28th August 2018 TSX-V-listed Namibia Critical Metals has identified multiple prospective targets at its Kunene cobalt/copper project, in Namibia, following the completion of an airborne electromagnetic survey covering 4 200 line kilometers. The survey data shows clear conductive trends associated with... 

Rental market, power-as-service offerings underpinning demand for generators

By: Schalk Burger     24th August 2018 A growing rental market and the provision of expert services, including electrical engineering services, is providing global generator manufacturer Himoinsa with good growth in Southern Africa, says Himoinsa Southern Africa business development director Matt Bell. The rental market provides it... 

Backup power to ensure safety, continuous production 

By: Erin Steenhoff-Snethlage     24th August 2018 There has been increased interest in the generator sets of Himoinsa Southern Africa, a subsidiary of Spain-based power solutions provider Himoinsa. This is a good sign from the mines, as it indicates that they are prioritising their safety requirements,” claims Himoinsa Southern Africa services... 

Cost-effective braking systems brand launched

By: Paige Müller     24th August 2018 Commercial vehicle technologies supplier WABCO South Africa (SA) last month launched ProVia – a high-quality, price-competitive aftermarket brand for commercial vehicle braking systems – across ten Southern Africa countries. ProVia is a safety-focused and reliable budget parts product range for... 

Two solar plants opened in Namibia

By: Marleny Arnoldi     23rd August 2018 Two solar plants, Ejuva One and Ejuva Two, were opened in Gobabis, Namibia, by Deputy Minister of Mines and Energy Kornelia Shilunga, on Thursday. She said Ejuva will help to diversify Namibia’s energy mix, increase generation capacity and reduce carbon emissions. “We are particularly pleased... 

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