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Acacia Mining reviewing Tanzania’s proposed legislative changes

By: Natasha Odendaal Updated 2 hours 27 minutes ago Gold miner Acacia Mining is reviewing the proposed legislative changes to the legal framework governing the natural resources sector in Tanzania. This followed the recent publication of draft legislation, which is expected to be debated by the country’s Parliament in an extended Parliamentary... →

Summit to outline African LPG market growth potential

By: Mia Breytenbach Updated 3 hours ago While Africa – the fastest-growing liquefied petroleum gas (LPG) market in the world today – is rich with potential for LPG industry players, distribution challenges, affordability and safety issues need to be addressed to capitalise on this potential, according to industry experts. This emerged... →

Tanzania laws would allow govt to tear up mining, energy deals

By: Reuters Updated 4 hours ago The Tanzanian government submitted three Bills to parliament on Thursday that would allow it to force mining and energy companies to renegotiate their contracts, the latest in a string of moves that have alarmed foreign investors. It was not immediately clear how the proposed renegotiation of... →

AngloGold to restructure South African mines to ensure viability

By: Martin Creamer 28th June 2017 Gold mining company AngloGold Ashanti has begun consulting with employees on placing the 59-year-old Savuka mine and the 36-year-old Kopanang mine on care and maintenance, and evaluating the integration of the 60-year-old TauTona mine into the neighbouring Mponeng mine, which is being set up as a... →

Australia joins lithium-ion battery 'gigafactory' race

By: Mariaan Webb 28th June 2017 Plans to build lithium-ion battery plants in Australia are moving apace, with at least two proposals on the table for 'gigafactories' in Queensland and the Northern Territory. A consortium led by Boston Energy and Innovation announced on Wednesday that it had selected a site for a planned... →

Tanzania eyes hydropower project in game reserve despite criticism

By: Reuters 28th June 2017 Tanzania said on Tuesday it plans to build a long-delayed 2 100 MW hydroelectric plant in a World Heritage site renowned for its animal populations and variety of wildlife habitats despite opposition from environmentalists. The East African nation considers the project at Stiegler's Gorge in the... →

Consolidation key to Sarama’s success in Burkina Faso’s best gold belt

By: Henry Lazenby 27th June 2017 Asset consolidation in the southern Houndé gold belt, in Burkina Faso, is critical to Perth, Western Australia-based project developer Sarama Resources successfully establishing “a mine or two” in the region. The company, which is incorporated in Canada’s province of British Columbia and has its... →

Moving to LPG: summit focuses on LPG in Africa

27th June 2017 You are invited to join over 500 pan-African energy stakeholders who will participate in the largest conference around LPG and CNG in the region. The fourth edition of the Africa LPG Summit, co-located with CNG-NGV Africa will be staged from 11 - 12 July at Emperor's Palace, Johannesburg. Limited... →

Workers at South Africa's Illovo sugar farms to strike over pay

By: Reuters 26th June 2017 Around 1 000 workers at sugar producer Illovo are set to go on strike over wages and other benefits after talks with employers broke down, the trade union representing the staff said on Sunday. "The Food and Allied Workers Union and employers from eight Illovo farms in Kwa-Zulu Natal province... →

Rio continues with Strandline earn-in

By: Esmarie Swanepoel 26th June 2017 The exploration arm of mining major Rio Tinto is expected to make its first $500 000 payment to ASX-listed junior Strandline Resources after completing a due diligence on that company's heavy mineral sands tenements in Tanzania. Rio Tinto and Strandline in April this year inked an earn-in and... →

Volt garners more Chinese interest

By: Esmarie Swanepoel 23rd June 2017 Graphite developer Volt Resources has signed an offtake agreement with China’s Guangxing Electrical Materials (GEM) for 5 000 t/y of flake graphite concentrate from the Stage 1 production of the Namangale project, in Tanzania. The company said on Friday that it was hoping to finalise a binding... →

Automakers eye fast-growing East Africa as they set up shop in Kenya

By: John Muchira 23rd June 2017 Global automakers have, in recent years, established assembly plants in Kenya as they seek to increase sales in East Africa, sub-Saharan Africa's fastest-growing region. East Africa, of which Kenya is the biggest economy, is projected by the World Bank to grow by 5.4% in 2017, compared with... →

Djibouti commissions $590m multipurpose port

By: John Muchira 23rd June 2017 Djibouti has commissioned its $590 state-of-the-art Doraleh multipurpose port, at a time when fellow East African nations Kenya and Tanzania are investing heavily in port expansion in a bid to become the region's shipping hub. The new port, which occupies a 690 ha site, comprises 15 berths that... →

Drive supplier remains committed to continent

By: Nadine James 23rd June 2017 German drive engineering group SEW Eurodrive remains committed to Africa despite political and economic instability in parts of the continent, says local subsidiary SEW Eurodrive South Africa (SA). SEW Eurodrive SA MD Raymond Obermeyer says while the political upheaval and economic uncertainty... →

Malawi awards contract for rehabilitation of border road

By: Marcel Chimwala 23rd June 2017 The Malawi government has awarded China's Zhejiang Provincial Transportation Engineering Construction the tender to rehabilitate a 46 km road stretch from Karonga to Songwe, near the border with Tanzania. The project will be financed by a loan from the World Bank’s International Development... →

Armadale trenching programme Intercepts high-grade graphite

By: Anine Kilian 21st June 2017 A trenching programme at Aim-listed Armadale Capital’s Mahenge Liandu graphite project, in Tanzania, has intersected high-grade, coarse-flake mineralisation over a width of 73 m. Three additional trenches are being excavated to support structural modelling of the deposit and prioritise... →

Epanko to cost $88.9m

By: Esmarie Swanepoel 21st June 2017 An updated bankable feasibility study (BFS) for the Epanko graphite project, in Tanzania, has showed that the increased production rate of 60 000 t/y would require a capital investment of $88.9-million. The BFS estimated that the project will have a pre-tax net present value of $211-million and... →

Shanta agrees to buy Canadian junior Helio; nearly doubles Tanzania resource base

By: Megan van Wyngaardt 20th June 2017 East Africa-focused gold miner Shanta Gold on Tuesday agreed to buy TSX-V-listed explorer Helio Resources in an all-scrip deal valued at about £3.5-million. The acquisition will give Shanta control of Helio’s assets located immediately next to its flagship New Luika gold mine (NLGM), which... →

Walkabout taps offtake partner for Tanzania project

By: Esmarie Swanepoel 20th June 2017 Graphite developer Walkabout Resources has signed a number of agreements covering about 75%, or 30 000 t/y, of the initial production target for its Lindi Jumbo project, in Tanzania. The agreements make provision for the negotiation of binding sales and purchase agreements, which will be... →

New agreement could see Namangale start

By: Esmarie Swanepoel 16th June 2017 Graphite developer Volt Resources has inked a cooperation agreement with China National Building Materials General Machinery (CNBMGM), which could see the Chinese company become involved in the development of the Namangale project, in Tanzania. Under the agreement, CNBGMG would become a... →

Brazilian agency providing remote sensing training for African countries

By: Keith Campbell 16th June 2017 Brazil’s Instituto Nacional de Pesquisas Espaciais (INPE – National Institute for Space Research) has been providing training for Earth observation (EO) specialists from African and other countries (in Asia and Latin America), under its Capacitree programme, which is a capacity-building project... →

Malawi and Tanzania sign MOU for Songwe River Basin Programme

By: David Oliveira 16th June 2017 Malawi and Tanzania signed a memorandum of understanding (MOU) last month at the Bingu International Convention Centre (BICC) in Lilongwe, Malawi, which will see the two African nations work together for the development of the Songwe River Basin Development Programme (SRBDP). The SRBDP was... →

South Africans more conscious of greener ways of living

By: Simone Liedtke 16th June 2017 With South Africans being more aware of greener ways of living, multidisciplinary engineering consultancy WSP regional director and sustainability consultant Alison Groves says this has led to green building becoming integral in the design and construction of buildings. →

Acacia Mining confirms start of negotiations with Tanzania govt

By: Megan van Wyngaardt 15th June 2017 Tanzania-based gold miner Acacia Mining’s CEO Brad Gordon on Thursday said the company would leave any disputes around back taxes for resolution during negotiations with the country’s President John Magufuli. During a teleconference, he added that the company was not prepared to comment on... →

Tanzania says Barrick agrees to pay money owed to government

By: Bloomberg 14th June 2017 Tanzania’s presidency said Barrick Gold Corp is willing to reimburse money that’s owed to the government, after President John Magufuli accused subsidiary Acacia Mining of failing to pay billions of dollars of taxes. Acacia surged as much as 11%. Barrick executive chairperson John Thornton met... →

Kibo says not deterred by Tanzania Mining Act changes as MCPP progresses

By: Megan van Wyngaardt 14th June 2017 Dual-listed coal developer Kibo Mining on Wednesday said recent discussions with key stakeholders of its Mbeya coal-to-power project (MCPP), in Tanzania, have resulted in “significant progress” for the further development of the project. A recent request for an expedited development of the MCPP... →

Tanzania claims threaten Acacia's 'very existence' – CEO

By: Reuters 14th June 2017 Acacia Mining's "very existence" has been jeopardised by accusations of wrongdoing levelled against it by the Tanzanian government, chief executive Brad Gordon said in an internal memo seen by Reuters. In the memo, Gordon denied accusations of tax evasion and forging documents to avoid paying... →

Tanzania's Acacia spat shows deepening battle with business

By: Bloomberg 14th June 2017 Tanzanian President John Magufuli’s escalating battles with business risk alienating the very investors he needs to drive his multi-billion dollar industrialization policy. On Monday, the 57-year-old leader ratcheted up his dispute with miners by accusing Acacia Mining Plc of operating illegally... →

Acacia Mining calls for independent investigation into its Tanzanian gold concentrate exports

By: Megan van Wyngaardt 13th June 2017 LSE-listed Acacia Mining on Tuesday called for an independent investigation into its resources and finances, following a report by a second Tanzanian Presidential committee, which claimed that the company had underdeclared its revenues and tax payments, “stretching into the tens of billions of... →

Acacia disappointed in ‘unfounded’ second Presidential committee findings

By: Natasha Odendaal 12th June 2017 Shares of LSE-listed Acacia Mining slumped 12% after “new unfounded” accusations of the underdeclaration of revenues and tax payments stretching into the tens of billions of dollars emerged against it following the release of a report by a second Tanzanian Presidential committee on Monday. The... →

Tanzanian govt accuses Acacia of mining gold illegally

By: Bloomberg 12th June 2017 Tanzania’s government accused Acacia Mining of operating illegally in the East African country and said mining companies have been evading taxes. Acacia’s shares slumped. “The committee has established that Acacia Mining has been conducting its mining business here in Tanzania contrary to the... →

Tanzania signs $154m contract with Chinese firm to expand main port

By: Reuters 12th June 2017 Tanzania's government signed a $154-million contract on Saturday with the state-run China Harbour Engineering Company (CHEC) to expand the main port in the commercial capital, Dar es Salaam. Tanzania is seeking financing for infrastructure projects as part of its plans to transform the country... →

Tanzania says to introduce clearing fee for mineral exports

By: Reuters 9th June 2017 Tanzania plans to introduce a 1% clearing fee on the value of mineral exports in 2017/18 (July-June), its finance minister said on Thursday, part of government measures aimed at getting a bigger share of revenues from the east African country's natural resources. "The government will not allow... →

$126m loan approved for 75 MW geothermal project in Ethiopia

By: John Muchira 9th June 2017 Ethiopia will soon start building a 75 MW geothermal electricity project, the first of its kind in the Horn of Africa country, which is believed to have massive geothermal potential. This follows the approval of a $126-million loan from the World Bank to implement the project, located at Aluto... →

Lean technology approach helps mattress manufacturer remain competitive

By: Dylan Slater 9th June 2017 Langlaagte-based sleep products manufacturer the Bravo Group’s Sleep Factory attributes its lions’ share of the domestic premium sleep products market to an adoption of low technology processes, low levels of automation and, instead relying on a large labour-intensive workforce and refined... →

Walkabout seeks funding for Tanzania project

By: Megan van Wyngaardt 5th June 2017 Emerging African graphite producer Walkabout Resources is embarking on a fully underwritten share purchase plan to raise $1.25-million for the purposes of progressing its Lindi Jumbo project, in Tanzania, as well as working capital. This follows the completion of a definitive feasibility study at... →

Acacia Mining says would cost $30m to close Bulyanhulu mine

By: Reuters 2nd June 2017 Acacia Mining said on Friday it would cost about $30-million to put its Bulyanhulu mine in Tanzania under care and maintenance as an export ban on the miner's metals weighed. Shares in the unit of Barrick Gold rose 4.7% after the company stuck to its full-year production guidance despite the ban. →

Kibo sheds some Lake Victoria gold licences to narrow focus

By: Natasha Odendaal 2nd June 2017 Following a comprehensive technical and commercial review of its portfolio, Aim- and AltX-listed Kibo Mining has relinquished several early-stage noncore gold prospecting licences, licence offers and licence applications in the Lake Victoria goldfields, in northern Tanzania. Kibo surrendered 79... →

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