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Energy forum panelists reiterate need for regional integration in Africa

By: Marleny Arnoldi     20th June 2018 A panel of speakers at the 2018 Africa Energy Forum, in Mauritius, on Wednesday, agreed that Ministers of energy in Africa and other stakeholders should focus on regional power integration, and what would work accordingly, rather than debating country-specific suitable energy resources and... 

WSP celebrates 1 million m2 of Certified Green Space in Africa

18th June 2018 WSP in Africa, one of the largest multi-disciplinary engineering consultancies on the continent, is celebrating a milestone million square meters (1 million m2) of Certified Green Space in Africa. WSP sustainability consultants and engineers have been hard at work for over a decade; setting... 

The all-Africa Employee Engagement Awards & Conference announces 2018 winners

18th June 2018 The inaugural Africa wide Employment Engagement Awards and Conference hosted 150 people at the 2018 Awards and Conference yesterday at the Hyatt in Rosebank Johannesburg. It was a unique opportunity for business leaders to champion continent-wide achievements and innovative approaches to engaging... 

Resource nationalism on the rise in sub-Saharan Africa

By: Nadine James     15th June 2018 The seemingly increasing trend towards nationalist thinking, combined with and likely driven by growing economic inequality, has resulted in several changes in mining and tax legislation in sub-Saharan Africa countries. Herbert Smith Freehills Africa Group co-chair and partner Peter Leon says the... 

Petroleum conference renewed for a third year

By: Paige Müller     15th June 2018 The West African International Petroleum Exhibition and Conference (Waipec) will be renewed for a third consecutive year, following an overwhelmingly successful reception from regional and international participants at this year’s second annual conference in Lagos, Nigeria.   Petroleum Technology... 

Shanta announces partial buyback, extension of loan notes

By: Marleny Arnoldi     14th June 2018 Aim-listed gold miner Shanta Gold has received irrevocable undertakings from the majority of holders of the company’s outstanding unsecured subordinated convertible loan notes that are due in April 2019, to buy back some of those loan notes and to extend the maturity date of the remainder of the... 

Strandline reconsiders Coburn development

By: Esmarie Swanepoel     14th June 2018 Mineral sands developer Strandline Resources will start a full definitive feasibility study (DFS) on its Coburn project, in Western Australia, after an upswing in mineral sands prices. The company said on Thursday that the new DFS was driven by positive results from an internal project review,... 

Petra Diamonds shareholders back rights issue

By: Reuters     13th June 2018 Shareholders in mining company Petra Diamonds on Wednesday approved a rights issue to raise about $170-million to help cut its debt burden, driving the share price around 5% higher. The company, which has suffered setbacks in Tanzania as well as production delays and strikes, had said there was a... 

African airlines boost routes but fare poorly financially

By: Kim Cloete     13th June 2018 African airlines have notched up an encouraging number of new routes, but are still in a poor financial position overall, the Aviation Development Conference, AviaDev, has heard. In a keynote address on the outlook for the industry, Embraer Commercial Aviation sales director Gad Wavomba, said... 

Multi-Million Rand Turkish Investment In Western Cape Turns Scrap Metal Into Jobs, Profits

13th June 2018 Local scrap metal, previously shipped out of South Africa with virtually no local benefit, is now being transformed into tens of thousands of tons of valuable steel, boosting job creation in greater Cape Town and the national economy generally. The transformation of the sector came courtesy of a... 

More airlines fly into Cape Town, connecting countries in Africa

By: Kim Cloete     13th June 2018 Two African airlines have launched flights to Cape Town over the past month, bringing more business and tourism opportunities to the Mother City. Kenya Airways launched a nonstop direct flight from Nairobi to Cape Town on June 6. The new service operates a Boeing 737-800. This is in addition to... 

Kibaran progresses Epanko

By: Esmarie Swanepoel     13th June 2018 ASX-listed Kibaran Resources is progressing the development of its Epanko graphite project, in Tanzania, signing a non-binding letter of intent with GR Engineering Services to negotiate an early works agreement, and ultimately an engineering, procurement and construction (EPC) contract for the... 

Energy discussion must be resolved soonest to spur economic transformation – Dr Yves Guenon

By: Nadine James     8th June 2018 Certainty, particularly around South Africa’s future baseload energy supply must be achieved in the Integrated Resource Plan (IRP), in order to ensure supply security, which will, in turn, stimulate investment and economic transformation, Izibani consultancy founder and French South African... 

Study makes case for Africa nuclear roll-out, but concern persists

By: John Muchira     8th June 2018 Plans by some countries in sub-Saharan Africa to incorporate nuclear energy in electricity generation mix are feasible, despite the colossal challenges associated with nuclear plants, a new study has found. While opinion is deeply divided on whether sub-Sahara Africa is ready for nuclear energy,... 

Launch of Tanzanian mining commission to benefit Kibaran

By: Anine Kilian     7th June 2018 The Tanzanian Department of Minerals has formally launched the Mining Commission, which will be responsible for administering the minerals sector in that country. The commission has started a process of issuing some 7 000 mineral licences that had been pending after the Tanzanian government... 

Tanzania charges telecoms executives with fraud in tax evasion crackdown

By: Reuters     7th June 2018 Tanzanian prosecutors on Wednesday charged two chief executives of mobile phone companies and four other suspects with fraud as part of a crackdown against tax evasion in the East African nation. The executives charged were Le Van Dai, 35, managing director of Halotel Tanzania, owned by... 

Kibo moves into the Mozambican market

By: Marleny Arnoldi     6th June 2018 Aim- and JSE-listed Kibo Mining has signed a joint venture (JV) agreement with Mozambican energy company Termoeléctrica de Benga to participate in the further assessment and potential development of the Benga independent power project, in Tete, Mozambique.  

Telecoms company Seacom upgrades subsea cable system

By: African News Agency      5th June 2018 Pan African telecommunications company Seacom said on Tuesday it had upgraded its key submarine network system from its southern and eastern African coastline landings into Europe at a total capacity of 1.5 terabits per second, adding 500G of new capacity on the system. Seacom said the latest... 

Worldwide Orders Make For Bullish Mood

4th June 2018 Condra has received an order for a further overhead crane from Kamoto Copper Company, the copper and cobalt mine in the south of the Democratic Republic of Congo. It is the eighth machine to be ordered by Kamoto Copper from Johannesburg-headquartered Condra in just over a year and, like its... 

Shanta Gold achieves exploration objectives at Singida gold mining project

By: Simone Liedtke     4th June 2018 Aim-listed Shanta Gold has achieved its objective of the 1 600 m reverse circulation drilling programme, which targeted two of the seven key targets at its Singida project, in Tanzania, to upgrade resources from the inferred to the measured and indicated (M&I) categories. The M&I resources have... 

South Africa to release new-look renewables bid window in November

By: Terence Creamer     1st June 2018 Energy Minister Jeff Radebe announced on Friday that South Africa would launch a fifth Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) bid window in November with the aim of procuring a further 1 800 MW of renewable energy from independent power producers (IPPs).... 

Infrastructure development key to meeting consumer demand in megacities – economist

By: Marleny Arnoldi     31st May 2018 There are rapidly growing megacities, including Accra, Cairo, Lagos, Johannesburg, Nairobi and Kinshasa, in Africa, and it is important to ensure infrastructure development grows at a pace that will meet the increasing consumer demand that will come out of these megacities, said Imara Africa... 

East African vehicle market dominated by cheap cash purchases

By: Irma Venter     31st May 2018 The most important consideration when buying a car (new or used) in Kenya is fuel efficiency – this according to the Deloitte Africa Automotive Insights report on East Africa, published this month. Fuel efficiency is followed by safety and value for money. 

Resolute buys into Sudan ‘gold rush’ with Orca stake

By: Esmarie Swanepoel     28th May 2018 ASX-listed gold miner Resolute Mining has made a A$22.5-million investment in TSX-listed Orca Gold, subscribing for 32.4-million shares in the Canada-based, but Africa-focused company. The share placement, which is priced at C$0.675 a share, will give Resolute a 15% interest in Oca. The shares... 

Sierra Leone president to push review of mining law, contracts 

By: Reuters     25th May 2018 Sierra Leone's new president will follow through with campaign promises to review mining contracts and consider changes to the law that would ensure the West African nation benefits from its natural resources, his spokesperson told Reuters. Sierra Leone, which is recovering from a devastating... 

Manas withdraws from Tanzania buy

By: Esmarie Swanepoel     25th May 2018 Explorer Manas Resources has abandoned its bid to acquire the Victoria gold project, in Tanzania, after a lack of progress to transfer the licence, as well as challenging conditions facing mining companies operating in the country. Manas in April last year struck a deal to acquire the Victoria... 

Africa Day – 55 years on

By: Martin Zhuwakinyu     25th May 2018 As you read this piece, I am probably putting together the next instalment or doing whatever else my job description demands I should be doing each weekday. But colleagues in countries such as Ghana, Lesotho, Mali, Namibia, Zambia and Zimbabwe are probably braai-ing in their backyards or engaging... 

Katoro reaffirms mining potential at Imweru

By: Anine Kilian     24th May 2018 Aim-listed Katoro Gold on Thursday confirmed that there was good upside potential for the further development of its Imweru gold project, in Tanzania. The company assessed the economic viability of the project, based on the results of a prefeasibility study and the new mining legislation and... 

Petra’s shares fall on $178m proposed rights issue

By: Simone Liedtke     24th May 2018 Petra Diamonds’ share price on the LSE fell by more than 20% on Thursday after it announced plans to raise $178-milion, or about £133-million, through a fully underwritten 5 for 8 rights issue. The diamond miner, which has operations in South Africa and Tanzania, said its cash flow generation... 

Armadale advances Tanzania graphite project

By: Marleny Arnoldi     23rd May 2018 Aim-listed investment company Armadale Capital has rapidly advanced the high-grade Mahenge Liandu graphite project, in Tanzania, during 2017, ahead of an anticipated decision to mine in early 2019.  

Peak gets permission for Teesside plant

By: Esmarie Swanepoel     23rd May 2018 Rare earths developer Peak Resources has been granted planning permission for the Teesside refinery, in the UK by the Redcar and Cleveland Borough Council. The planning permission is the approval required for the construction of the planned rare earth separation plant, with the environmental... 

Africa offers great opportunities for business aviation

By: Rebecca Campbell     22nd May 2018 There are significant growth opportunities for business and charter aviation in Africa. Already, there are 481 registered private jets in Africa and the continent's year-on-year business aviation growth is 44%. So highlighted ExecuJet Aviation Group GM: Flight Operations Philip du Preez at the... 

Kibo awards second lot of Mbeya EPC contract

By: Simone Liedtke     21st May 2018 Aim-listed Kibo Mining has awarded Sepco III the second lot of the engineering, procurement and construction (EPC) contract for its Mbeya coal-to-power project (MCPP), in Tanzania. Lot 2 of the EPC contract involves the construction of the power line that will evacuate power from the Mbeya power... 

Toshiba signs MoUs to support African hydropower, geothermal roll-out

By: Schalk Burger     18th May 2018 Energy systems multinational Toshiba Energy Systems and Solutions signed four memoranda of understanding (MoUs) to cooperate with African countries to develop hydropower and geothermal energy systems. The MoUs were signed on the sidelines of the Japan-Africa Public-Private Economic Forum, in... 

Tanzanite miner gets bill as Tanzania cracks down on lost mineral revenues

By: Reuters     17th May 2018 Tanzanian gemstone miner Tanzanite One has agreed to pay compensation and overdue taxes to the government after unspecified violations led to losses in public revenues, the President's office said. President John Magufuli's government accuses mining firms of cheating Tanzania out of its fair... 

Rising resource nationalism seen as 'fire burning' for miners

By: Bloomberg     17th May 2018 A rising tide of resource nationalism is causing miners to rethink where they invest and creating volatility for a sector already buffeted by brewing trade wars. “A significant industry issue is resource nationalism,” Rio Tinto Group CEO Jean-Sebastien Jacques told investors at a conference in... 

Uganda power distributor Umeme to spend $1.2bn to expand grid

By: Reuters     16th May 2018 Ugandan power distributor Umeme plans to spend $1.2-billion in the next seven years to revamp and expand the grid and has hired an adviser to explore options for raising the money, the company's chief executive said on Wednesday. The investments will be used to prepare for an expected rise in... 

thyssenkrupp secures EP contract for first skid-mounted chlorine plant in Sub-Saharan Africa

15th May 2018 The Process Industries business of thyssenkrupp Industrial Solutions South Africa was successful in securing the engineering and procurement contract for a 45 tonne modular skid-mounted chlorine plant in Tanzania, the first of its kind to be installed in Sub-Saharan Africa. Process Industries’... 

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