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Mozambique seeks Kimberley Process certification to export newly-found diamond wealth

By: African News Agency      30th August 2016 The Mozambican government is seeking clearance to export its newly-found diamonds from the Kimberley Process Certification Scheme (KPCS) amid reports that up to 34 international mining companies have joined the country’s diamond exploration rush. Top Mozambican mines ministry official Ordelio De... 

Bidvest reports increase in trading profits amid challenging conditions

By: Anine Kilian     29th August 2016 JSE-listed Bidvest Group, which unbundled its food-services unit Bidcorp this year, has reported higher earnings before interest, taxes, depreciation and amortisation, which rose 3.9% to R7.3-billion for the year ended June 30, amid a lower net debt, which fell to R5-billion from R7.8-billion. In... 

Boost Africa’s geoscientific knowledge, urges Zwane

By: Kim Cloete     29th August 2016 Mineral Resources Minister Mosebenzi Zwane has called on delegates to the thirty-fifth International Geological Congress (IGC) to rechannel their efforts into development on the African continent, which is lagging in terms of geoscientific knowledge. “On average, expenditure in the generation of... 

Process Pipe

By: Zandile Mavuso     26th August 2016 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... 

Southern African piped gas industry booming

     26th August 2016 With the availability of natural gas in countries such as Mozambique and Namibia, coupled with the discovery of gas reserves offshore Mozambique and South Africa, the piped gas industry in Southern Africa is undergoing rapid expansion, says the Southern African Gas Association (Saga). In November... 

Paladin narrows FY net loss, to lower output amid low price environment

By: Henry Lazenby     25th August 2016 Falling uranium prices are forcing dual-listed uranium miner Paladin Energy to cut back production even further. The TSX- and ASX-listed miner on Wednesday announced that it was working on a proposed plan to reduce mining and mill throughput at the Langer Heinrich Mine (LHM), in Namibia, with... 

Debmarine’s new offshore diamond exploration vessel in final construction phase

By: Natasha Odendaal     22nd August 2016 The final phase in the construction of marine diamond mining giant Debmarine Namibia’s new diamond exploration and sampling vessel is now under way after its arrival in Cape Town last week. The critical integration phase is now under way to have the purpose-designed, 113-m-long offshore SS Nujoma... 

Business Unusual Revolutionising Electrical Construction

     22nd August 2016 EnI Electrical, part of the Zest WEG Group, is not only on a drive to change the electrical contracting industry, but also the larger South Africa construction landscape. Its strategy is working considering that the electrical contractor enjoyed a record revenue year in 2015, while recording 404%... 

New fire door in high demand

     19th August 2016 Fire and security doors producer Bitcon Industries has been contracted to supply doors to an array of new shopping centres throughout sub-Saharan Africa. Jet Park-based Bitcon director Bill Vollmer comments that the company is supplying its Rubidor fire doors for the upgrading and construction of... 

Forsys lifts private placement to $660 000, on track for 76% cost reduction by 2017

By: Henry Lazenby     18th August 2016 Uranium project developer Forsys Metals has increased the amount of a private placement announced on Monday by a further $120 000 to $660 000, after it received additional interest from existing and new subscribers. The placement price has also been revised upwards by a cent to $0.06 a unit. Each... 

B2Gold launches $100m at-the-market offering

By: Henry Lazenby     13th August 2016 Canadian midtier gold producer B2Gold announced on Friday that it would distribute an at-the-market offering of $100-million worth of common shares from time to time through designated broker-dealers at prevailing market prices. The news resulted in the fast-growing Vancouver-based miner’s... 

New Durban floating dock to add much-needed ship repair capacity 

By: Shirley le Guern     12th August 2016 With an estimated 12 000 ships calling at South Africa’s ports each year and over 30 000 vessels sailing along the South African coastline annually, the ship repair industry should theoretically be a thriving and growing industry. In reality, however, it is an opportunity that is largely being... 

New Durban floating dock to add much-needed ship repair capacity

By: Shirley le Guern     12th August 2016 With an estimated 12 000 ships calling at South Africa’s ports each year and over 30 000 vessels sailing along the South African coastline annually, the ship repair industry should theoretically be a thriving and growing industry. In reality, however, it’s an opportunity that is largely being... 

South Africa one of world leaders in aviation security

By: Keith Campbell     12th August 2016 South Africa is one of the leading countries in the world in implementing the latest commercial aviation security systems. This was recently pointed out by International Air Transport Association (IATA) Head of Facilitation Bob Davidson. The systems concerned are Advanced Passenger Information... 

B2Gold reports record production for H1

By: Natasha Odendaal     4th August 2016 Vancouver-headquartered gold producer B2Gold expects 2016 to be another year of record gold production as it concludes the half-year to June. Consolidated gold production from the TSX-listed company’s operations in 2016 is expected to be between 510 000 oz and 550 000 oz, weighted to the second... 

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 (MMMC) union, resulting in the company withdrawing its intention to embark on unilateral retrenchments. “We are extremely pleased to have concluded an... 

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 Namibia has announced that it has secured an agreement with the Mining, Metal, Maritime & Construction (MMMC) union, 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,... 

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