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Resources Watch 

     23rd November 2017 This week: Afritin targets Africa tin champion title, Namibia project upscaled to commercial production And, South Africa crucial to global chrome supply, Chromium 2017 hears 

De Beers JV starts planning construction of largest offshore diamond mining vessel

By: Natasha Odendaal     22nd November 2017 Planning for what could potentially be the world’s largest custom-built offshore diamond mining vessel has been initiated, diamond giant De Beers announced this week. The Government of Namibia and De Beers’ 50:50 joint venture Debmarine Namibia is aiming to start the operation of a new... 

De Beers Group Announces Shining Light Awards Finalists For 2016/2017

     21st November 2017 Awards support emerging jewellery designers from southern Africa De Beers Group is pleased to announce the nine regional finalists in this year’s Shining Light Awards, which recognise emerging jewellery designers in Botswana, Namibia and South Africa and provide them with a valuable platform to... 

Danakali board approves dual listing plans

By: Mariaan Webb     21st November 2017 Potash junior Danakali on Tuesday announced its intention to list on the LSE next year, becoming the second ASX-listed exploration and development firm to announce a dual listing in London this week. Danakali said its dual listing, planned for the first half of 2018, was in line with its equity... 

Walkabout granted lithium licence in Namibia

By: Mariaan Webb     21st November 2017 Australian junior Walkabout Resources, which is developing the Lindi Jumbo graphite project in Tanzania, is to explore for lithium in southern Namibia. Walkabout was granted a second exclusive prospecting licence (EPL 6308), giving the company a footprint of more than 1 500 km2 in the Orange... 

TNPA completes R39m infrastructure upgrade at Port Nolloth

By: Anine Kilian     20th November 2017 The Transnet National Ports Authority (TNPA) has completed the R39-million rehabilitation of the infrastructure of Port Nolloth on the north-western coast of South Africa. The infrastructure upgrade was carried out by contractor Steffanuti Stocks Marine over 14 months, with 25% of the contract... 

Sampling confirms lithium in Namibia – Montero

By: Martin Creamer     17th November 2017 Exploration and development company Montero, which is putting mineralisation to the test in Namibia in search of a lithium resource, on Friday confirmed the presence of the soft silver-white metal in central Namibia. “Montero’s first channel sampling programme has confirmed lithium,” Montero CEO... 

Paragon sponsors UJ’s Graduate School of Architecture

     17th November 2017 The main sponsor of the Summer Show 2017 at the University of Johannesburg’s (UJ’s) Graduate School of Architecture (GSA) in November is leading architecture, interior design, and space-planning practice Paragon of Sandton, Johannesburg. Paragon has a long association with UJ’s Graduate School of... 

Third biennial food and drink exhibition to be held in 2018

By: Simone Liedtke     17th November 2017 Conceptualised as a “for Africa by Africa” event, exhibition company Messe München South Africa (SA) will host the third biennial food and drink technology Africa (fdt Africa) exhibition from September 4 to 6 at the Gallagher Convention Centre in Johannesburg, South Africa, next year. 

Outlook for vehicle market hinges on political landscape – bank

By: Irma Venter     17th November 2017 It is impossible to accurately forecast where the new-vehicle market will end the year, or what the 2018 market will look like, says Standard Bank Vehicle and Asset Finance (VAF) group head Simphiwe Nghona. “Everything hinges on the political landscape. Anything can happen in the last quarter.... 

Global wind power continues to propel forward in 2017

By: Kim Cloete     16th November 2017 China is surging ahead in wind power, blowing away the US – the world’s second-largest wind power market – by a long margin, while African countries are making more inroads despite facing challenges, delegates attending the yearly Windaba conference and exhibition, in Cape Town, have heard.... 

Afritin targets Africa tin champion title, Namibia project upscaled to commercial production 

By: Mia Breytenbach     14th November 2017 Following the demerger of Afritin Mining from Aim-listed Bushveld Minerals – and its subsequent listing as the only pure - play tin platform on the Aim last week – the company, which has assets in Namibia and South Africa, will focus on becoming “The Africa tin champion” by bringing its flagship... 

Namibia Rare Earths expands metals portfolio

By: Henry Lazenby     10th November 2017 TSX-V-listed project developer Namibia Rare Earths has signed an agreement with private firm Gecko Namibia to acquire a controlling interest in a portfolio of seven metals properties, thereby expanding its focus from heavy rare earths to include cobalt, copper, zinc, lithium, graphite, tantalum,... 

Miner Vedanta continues its recovery with robust first-half profits

By: Reuters     10th November 2017 Diversified miner Vedanta Resources said it sees further upside for zinc prices as it announced a 37.4% rise in half-year profit on Friday. A rebound in metals prices has prompted the miner to expand production of zinc and aluminium, enabling it to continue its recovery after being particularly... 

Local bearings company experiences growth in food production sector

     10th November 2017 Local bearings distributor Bearings International (BI) has experienced rapid growth in the food production industry. The company says food production security is important, especially given how harsh and dynamic an environment the South African agricultural industry operates in at present.... 

Company expands fluid technology services

     10th November 2017 Industrial product supplier Bearing Man Group’s (BMG’s) strategy to enhance its fluid technology services to meet growing market demand, encompasses the introduction of new products, with the latest developments in design technologies, materials and coatings. The company’s extensive range of... 

Petrochemicals product supplier launches ball valve

     10th November 2017 Last month, multinational oil and gas product supplier Schlumberger announced the release of the GROVE IST integrated seat technology ball valve. The company, which has an Angolan office that services the Democratic Republic of Congo, Gabon, Kenya, Mozambique, Namibia, South Africa, Tanzania, and... 

Competence Centre promotes energy efficiency awareness in Africa

By: Nica Schreuder     10th November 2017 The South African-German Chamber of Commerce and Industry’s Competence Centre for Sustainable Energies (CC:SE), in Cape Town plays an important role in creating awareness and fostering conversations among African stakeholders in the renewable energy and energy efficiency sector. CC:SE manager... 

AfrTin starts trading on Aim

By: Creamer Media Reporter      9th November 2017 AfriTin Mining on Thursday started trading on the Aim. The company, which was demerged from Aim-listed Bushveld Minerals, owns various tin assets in Namibia and South Africa. 

Etango identifies capital savings at Namibia uranium project

By: Esmarie Swanepoel     9th November 2017 A processing optimisation study at the Etango uranium project, in Namibia, has reduced the expected capital costs by about $73-million, from a previous estimate of $870-million. Project developer Bannerman Resources on Thursday reported that the largest capital reductions came from a simplified... 

Khato Holdings is making great strides in Botswana and other SADC states 

     9th November 2017 Khato Civils has also established a country office in Botswana, where it has 60-million pula of equipment and has bought a 4 ha site on which to construct its head office in the country. Khato Civils CEO Mongezi Mnyani explains that the building plans are in the last stages of being approved by... 

B2Gold’s surprise Q3 profit props up stock despite 71% drop in headline earnings

By: Henry Lazenby     9th November 2017 Canadian multinational gold miner B2Gold has reported a stronger-than-expected third-quarter profit, despite its headline net profit – excluding special items – falling 71% year-over-year. The Vancouver-headquartered company reported an adjusted net income for the three months ended September of... 

Aon now trading as Minet

By: Anine Kilian     8th November 2017 Professional risk consultancy firm Aon has started trading as Minet, the company said in a statement on Wednesday. The company recently announced its decision to change the ownership structure of its operations across several sub-Saharan African countries. 

Mining industry should review business models, CSR collaboration – DMR

By: Mia Breytenbach     7th November 2017 With the mining industry now recovering from the downturn in commodity prices, and a new balance emerging in the global demand and supply of minerals, now is the time to reflect, innovate and plan for a more resilient industry in the future, says Mineral Resources Deputy Minister Godfrey... 

Bristow, Friedland may go head-to-head in on-stage copper-gold debate

By: Martin Creamer     7th November 2017 Dr Mark Bristow of Randgold Resources and Robert Friedland of Ivanhoe Mines may go head-to-head in a live on-stage gold-versus-copper debate at the Investing in African Mining Indaba event at the Cape Town International Convention Centre from February 5 to 8, Mining Indaba MD Alex Grose disclosed... 

Uranium-endowed South Africa stands to benefit from ambitions to improve electricity access in Africa

By: Dylan Slater     3rd November 2017 In tandem with growing ambitions to increase access to electricity for many African citizens who currently have limited or no access to electricity comes the call for new large-scale power stations to be built. This has prompted a keen interest in nuclear power stations and, consequently, a... 

Chinese truck brand aims to grow SA sales as it expands offering

By: Irma Venter     3rd November 2017 Powerstar sold around 420 trucks in South Africa last year, with the Chinese brand aiming for 500 units this year, says Everstar Industries CEO Bob Wang. The growth will come from the brand expanding its product portfolio from the extra-heavy and heavy commercial vehicle (EHCV, HCV) segments to... 

WEF Global Gender Gap report sees South Africa slip four places

By: African News Agency      2nd November 2017 The World Economic Forum’s (WEF) latest Global Gender Gap report shows that South Africa has dropped to nineteenth place out of 144 countries measured. According to a statement from WEF, this year painted a bleak picture of gender equality globally. WEF said that for the first time since... 

AECI acquires Much Asphalt for R2.27bn

By: Anine Kilian     30th October 2017 JSE-listed AECI will acquire South African asphalt producer Much Asphalt for R2.27-billion.  “Much Asphalt has a market leading position with long-established customer relationships, a robust order book and project pipeline, and a highly-experienced management team,” AECI said in a statement on... 

Wind energy sector still attractive to investors

By: Nadine James     27th October 2017 Shorter fabrication time, lower costs for parts, and increased repeatability and uniformity have led to impressive improvements in the wind energy sector, says multidisciplinary engineering consultancy WSP Africa power director Dinesh Buldoo. “For instance, there is significant focus on advanced... 

Steel company raises the bar in Africa with new technologies

By: Robyn Wilkinson     27th October 2017 Taking a long-term view that predicts significant growth in demand for stainless steel products in Africa in the next few years, steel supplier and processing company Allied Steelrode has invested in advanced processing technologies that will cement its position as a market-leader in product... 

Euro Steel

By: Creamer Media Reporter      27th October 2017 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... 

Otjikoto mine solar power installation, Namibia

By: Sheila Barradas     27th October 2017 B2Gold Corp is building a solar power plant at the Otjikoto mine to reduce its reliance on a heavy fuel power plant currently used to power the mine. 

Oil prices still struggling but huge potential ahead for Africa

By: Kim Cloete     26th October 2017 Experts from UK-based Standard Chartered Bank expect the oil price will remain in the $45/bl to $60/bl-plus range. “We are in a lower for a longer cycle,” Standard Chartered Bank global head of energy and natural resources Peter Gaw told delegates at the Africa Oil Week, in Cape Town. 

Celsius raises A$3.9m to advance Namibian project

By: Esmarie Swanepoel     26th October 2017 Junior Celsius Resources will raise A$3.9-million to advance its Opuwo cobalt project, in Namibia. The ASX-listed company on Thursday said that it had completed a bookbuild for the issue of 71.6-million shares, priced at 5.5c each, to raise A$3.9-million. 

Weatherly’s Tschudi mine output rises 21% q/q in Sept quarter

By: Anine Kilian     24th October 2017 Copper cathode production at Aim-listed Weatherly International’s Tschudi mine, in Namibia, improved by 21% quarter-on-quarter to 4 105 t in the quarter ended September 30.  Tschudi C1 costs reduced by 15% to $5 402/t. “The company continues to experience lower-than-anticipated leach rates . . .... 

De Beers’ Q3 output rises 46% y/y

By: Mia Breytenbach     24th October 2017 Diamond major De Beers’ rough diamond production for the third quarter of the year increased by 46% year-on-year to 9.2-million carats, reflecting stable trading conditions, as well as the contribution from the ramp-up of the Gahcho Kué joint venture mine, in Canada. Production in Canada... 

Politics muddying new-vehicle market forecasts

By: Irma Venter     24th October 2017 It is impossible to accurately forecast where the new-vehicle market will end the year, or what the 2018 market will look like, says Standard Bank Vehicle and Asset Finance (VAF) group head Simphiwe Nghona. “Everything hinges on the political landscape. Anything can happen in the last quarter.... 

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