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Company provides a solution for sustainable power generation

By: Kimberley Smuts     29th January 2016 Technology manufacturer and service provider Cummins Africa has made natural- gas-powered generator sets (gensets) available for the South African market as a more sustainable solution than the standard diesel solution most commonly used.  

Crane refurbishing improves operational performance

By: Mia Breytenbach     29th January 2016 To meet the increasing need for modernising materials handling equipment, solutions provider Terex Materials Handling and Port Solutions (MHPS) has refurbished two 36 m, 30 t scrap-handling cranes as part of a crane modernisation and modifications project for a major steel producer in... 

Kibo renegotiates Sanderson loan, receives Hume funds

By: Megan van Wyngaardt     28th January 2016 Dual-listed Kibo Mining has received the £522 800 final proceeds of its February 2015 placing with Hume Capital Securities. This concluded the payment of £526 000, representing the consideration for 10.5-million shares issued to third-party investors. 

Gold price likely to rise above $1 200/oz by year-end – GFMS

By: Megan van Wyngaardt     26th January 2016 The gold price is set for a gradual recovery this year, particularly in the second half, driven by improving fundamentals, Thomson Reuters GFMS said in its latest gold survey. The ‘Gold Survey 2015 Q4 Update & Outlook’ report, released on Tuesday, noted that the gold price would trade above $1... 

It’s not about where, but what

     22nd January 2016 It is two days before Christmas and the family is on route to the small village of Luosto, which is 927 km north of Helsinki and has a population of about 200, which declines to a mere 73 during summer. Our coach is full to capacity with couples and their overly enthusiastic children – it is... 

National carrier strengthens regional relations

     22nd January 2016 South African carrier South African Airways (SAA) celebrated twenty years of flying between Johannesburg and Dar es Salaam, Tanzania last year.  

Phase 1 of biometric project to be launched by end of March

     22nd January 2016 Following the launch of the pilot test of Transit Visa Biometrics System (TVBS) at the OR Tambo International Airport late last year,  Home Affairs Minister Malusi Gigaba says that the baseline implementation of the Phase 1 biometric solution will be completed by March 31 this year.  

Acacia aims to up 2016 production by at least 18 000 oz

By: Samantha Herbst     21st January 2016 Tanzania-based gold miner Acacia Mining expects to increase production by at least 18 000 oz in 2016 to between 750 000 oz and 780 000 oz, at a significantly reduced all-in sustaining cost (AISC) of between $950/oz and $980/oz. The company announced on Thursday that it had produced 731 912 oz in... 

Union angst fails to stop De Beers completing Kimberley Mines sale

By: Martin Creamer     21st January 2016 The sale of all the assets of Kimberley Mines to Ekapa Minerals is through, despite union opposition to the transaction. De Beers Consolidated Mines (DBCM) said in a media release to Creamer Media’s Mining Weekly Online on Thursday that its disposal of Kimberley Mines tailings and the mineral... 

Lack of regional econ diversification stalls Sub-Saharan African job growth

By: Natalie Greve     20th January 2016 Against the backdrop of long-standing structural weaknesses, combined with unfavourable and volatile current conditions in the global economy and a lack of regional economic diversification, the creation of productive jobs in sub-Saharan Africa remains a key challenge, a report by the... 

Study improves economics of Kibo’s Tanzania coal-to-power project

By: Megan van Wyngaardt     20th January 2016 The Stage 2, Phase 1 definitive mining feasibility study (DMFS) of dual-listed Kibo Mining’s Mbeya coal-to-power project (MCPP), in Tanzania, has delivered better-than-expected results, which would improve the overall economics of the coal mine. The company said in a statement on Wednesday that... 

Kibaran closer to securing financing for Epanko

By: Esmarie Swanepoel     20th January 2016 Junior graphite developer Kibaran Resources has inched closer to securing $77-million in financing to build its Epanko project, in Tanzania. The company reported on Wednesday that it had received a summary of indicative terms from German bank KfW IPEX for senior debt financing of up to $40-million. 

Shanta posts record Q4 production, exceeds FY guidance

By: Megan van Wyngaardt     19th January 2016 Aim-listed Shanta Gold has beat its 72 000 oz gold production guidance for 2015, producing 81 873 oz for the year. The East Africa-focused gold producer noted that this came on the back of record quarterly production of 29 139 oz at its New Luika gold mine, in Tanzania, in the three months to... 

Walkabout reports maiden resource for Lindi

By: Esmarie Swanepoel     19th January 2016 Junior Walkabout Resources has reported a Joint Ore Reserves Committee-compliant resource of 15.3-million tonnes at its Lindi jumbo graphite project, in Tanzania. Grading at 10.1% graphitic carbon, the resource was estimated to contain about 1.54-million tonnes of graphite. 

Zuma, Ramaphosa arrive in Botswana for SADC Double Troika

By: African News Agency      18th January 2016 South Africa’s President Jacob Zuma and second-in-command Deputy President Cyril Ramaphosa have arrived in neighbouring Botswana to participate in discussions regarding the Southern Africa Development Community's (SADC's) political and security situation, the presidency said on Monday.... 

Afritex’s Technical Expo 2016 Calendar for Sub-Saharan Africa

     18th January 2016 Afritex is proud to announce the publication of their 2016 Technical Expo Calendar for Sub-Saharan Africa. Afritex will be staging fifteen Technical Expo's in eight African Countries. These being:- 

Ramaphosa to brief SADC on Lesotho visit

By: African News Agency      18th January 2016 South African Deputy President and Southern African Development Community (SADC) facilitator Cyril Ramaphosa is expected to present a report on his recent visit to Lesotho, to the SADC extra-ordinary double troika summit scheduled for Gaborone on Monday. The SADC double troika comprises of... 

Mozambi defines largest graphite deposit in Tanzania

By: Esmarie Swanepoel     15th January 2016 Junior Mozambi Resources has reported a maiden Joint Ore Reserves Committee- (Jorc-) compliant resource of 179-million tonnes at its Namangale graphite project, in Tanzania. The project, which graded at 5.1% graphitic carbon, was considered to host the largest graphite resource in Tanzania. 

Kibo Mining to extend exploration beyond Mbeya coal project

By: Natalie Greve     13th January 2016 Three new prospecting licences (PLs) have been issued to Tanzania-focussed Kibo Mining’s wholly-owned subsidiary Rukwa Coal, allowing the JSE-listed miner to extend exploration to tenements contiguous with its existing PL block, in southern Tanzania, which contains the 109-million-ton Mbeya coal... 

Chinese investor partners with MDN to explore Tanzania properties

By: Henry Lazenby     11th January 2016 Canadian explorer and project developer MDN has announced that China-based Sichuan Xinye Investment Corporation of Mining and Exploration (Xinye) has decided to formalise the two partners’ relationship by establishing a joint venture (JV), including an acquisition option, on the Ikungu and Ikungu... 

Kibo advances talks with Tanzania over Mbeya energy offtake

By: Natalie Greve     11th January 2016 Dual-listed mineral explorer Kibo Mining continues to finalise a memorandum of understanding (MoU) with Tanzania Electric Supply Company (Tanesco) regarding a power purchase agreement (PPA) for the Mbeya coal-to-power project (MCPP), in Tanzania, informing the market on Monday that it continues... 

Edenville advancing coal-to-power project in Tanzania

By: Megan van Wyngaardt     11th January 2016 Tanzania-focused miner Edenville Energy has agreed on a work programme with engineering, procurement, and construction company Runh Power to advance its Rukwa coal-to-power project during the first quarter of this year. The work programme sought to expand on Edenville’s Lahmeyer Rukwa power plant... 

Sub-Saharan Africa to see modest growth in 2016

By: Megan van Wyngaardt     6th January 2016 Economic growth in sub-Saharan Africa is forecast to pick up to 4.2% this year, as commodity prices stabilise and electrical power supply improves in many countries, the World Bank’s latest Global Economic Prospects report states. Activity would vary across the region, with consumption growth... 

18th East African Power Industry Conference

     4th January 2016 The event is the longest running regional power and energy conference and exhibition in the region. The 2016 event is expected to attract 2,000+ stakeholders from the region’s Ministries, utilities, regulators and service provider companies, including: KenGen, Umeme, KETACO, Kenya Power, TANESCO,... 

Strandline divests of Mt Gunson

By: Esmarie Swanepoel     15th December 2015 ASX-listed junior Strandline Resources would divest of its Mt Gunson copper project, in South Australia. The Tanzania-focused mineral sands explorer on Tuesday told shareholders that it had signed an agreement with Torrens Mining to divest of Mt Gunson for A$1.2-million in cash and four-million... 

Petra closes second H1 tender

By: Natasha Odendaal     11th December 2015 LSE-listed Petra Diamonds sold 606 080 ct, earning it $86.2-million in revenue, during the six-month period from July to December. Closing its second tender for the first half of the financial year, Petra said that, barring 3 200 ct, estimated to be valued at $166 000, all goods were sold,... 

Africans don’t need outsiders to show them the way, energy-wise

By: Kelvin Kemm     11th December 2015 I was invited to be a speaker at an antinuclear, progreen conference. The organiser told me that it was funded by European antinuclear groups and that about 15 countries were represented by the 70-odd delegates. I met representatives from African countries, such as Senegal, Tanzania and Mali, and... 

A story of guts...

     9th December 2015 A story of guts, determination, organizational flair, hard work and sheer refusal to be beaten ensured that South African printing and logistical giant, Uniprint was a key factor in ensuring that the recent Tanzanian elections were declared “free and fair “ The R100 million tender for this... 

Petra sells 23 ct pink diamond for $10.05m

By: Natalie Greve     9th December 2015 An “exceptional” 23.16 ct pink diamond uncovered at Petra Diamonds’ Williamson mine, in Tanzania, in November, has been sold into a partnership arrangement for $10.05-million, or $433 938/ct for the rough stone. Petra would also retain a 20% interest in the sales proceeds of the polished diamond,... 

Downgrading of Durban naval facilities a mistake, admits Mapisa-Nqakula 

By: African News Agency      8th December 2015 A decision taken more than a decade ago to close Durban’s naval facilities was a mistake, South Africa’s Minister of Defence and Military Veterans Nosiviwe Mapisa-Nqakula said on Tuesday. Mapisa-Nqakula made the comments at a sod-turning ceremony ‎held at the Salisbury Island Naval Station to... 

Jasco and NewTelco SA facilitate new Point of Presence for Six Telecoms

     8th December 2015 Six Telecoms, a leading provider of voice and data access services in Tanzania, has partnered with NewTelco South Africa, a joint venture between the Jasco Group and NewTelco GMBH, to deliver an international Point of Presence (PoP) through NewTelco’s co-location hub in London. This PoP is... 

Cartrack mulling US fleet-management market play

By: Irma Venter     4th December 2015 Fleet management, stolen vehicle recovery and insurance telematics group Cartrack is looking at entering the US market with its fleet management offering. CEO Zak Calisto says the appointment of a management team from that country is likely to determine the location of the group’s office. 

Rukwa coal-to-power project, Tanzania

By: Sheila Barradas     4th December 2015 Edenville Energy has entered into a binding collaboration agreement with Runh Power Corporation to progress its Rukwa coal-to-power project. 

Broadband roll-out to benefit Africa

By: Megan van Wyngaardt     3rd December 2015 Africa had less than 2% broadband penetration in 2014, while Europe had about 80% broadband penetration, highlighting the significant gap that existed between the continent and the developed world. Huawei broadband technologies VP Guy Hirson told attendees at a Telkom-hosted roundtable for CEs of... 

Payment of Kibo’s placing proceeds again delayed

By: Natalie Greve     3rd December 2015 Hume Capital Securities has informed Tanzania-focused mineral explorer Kibo Mining that the payment of the final proceeds from Kibo’s February placing will be further delayed by up to two months from November 27. This followed a previous notice issued by Hume in August that client monies would be... 

East Africa ripe for energy investment

By: Megan van Wyngaardt     2nd December 2015 East Africa is emerging as a “hotbed” for energy-related investments, not only for its robust economic growth, but also for its potential to become one of the largest producers and exporters of oil and natural gas in the world, research firm Frost & Sullivan reports. In its ‘East Africa Energy’... 

Edenville appoints EPC provider for coal-to-power project

By: Megan van Wyngaardt     1st December 2015 To progress its Rukwa coal-to-power project in south-west Tanzania, Aim-listed Edenville Energy has entered into a binding collaboration agreement with Runh Power Corporation. The agreement marked the first stage in the progression towards a full engineering, procurement and construction (EPC)... 

Petra recovers 23 ct pink diamond in Tanzania 

By: Megan van Wyngaardt     27th November 2015 Petra Diamonds has recovered a 23.16 ct pink diamond of “exceptional colour and clarity” from its Williamson mine, in Tanzania. The company said in a statement that the diamond was an example of the high-quality pink diamonds for which the mine was known and was the most significant recovery by... 

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