http://www.engineeringnews.co.za
R/€ = 15.45 Change: 0.15
R/$ = 13.77 Change: 0.10
Au 1322.60 $/oz Change: 0.63
Pt 1034.50 $/oz Change: 5.50
 

Topic

South Africa has lost respect in Africa – Mbeki

By: News24Wire      27th June 2016 Former President Thabo Mbeki said South Africa has lost the respect of countries, both in Africa and globally,  which had invested in its success. Speaking in Johannesburg on Friday night at the launch of The Thabo Mbeki I Know , a book written by various contributors about him, Mbeki said it... 

Mango founder-CEO Bezuidenhout to join fastjet, while SAA admits subsidy

By: Keith Campbell     24th June 2016 Beleaguered African low-cost airline fastjet, which is listed on the London AIM, has announced that it has appointed South African airline executive Nico Bezuidenhout as its new CEO. Bezuidenhout will take up his new post on August 1. He has been CEO of Mango Airlines, the low-cost subsidiary of... 

Summit brings governments, operators and investors together

     24th June 2016 Regional and international stakeholders for East and Central Africa's transport infrastructure sector will be gathering once again at the seventh East & Central Africa Roads & Rail Infrastructure Summit 2016 (Roads & Rail 2016) to be held on September 27 and 28 in Dar es Salaam, in Tanzania. 

Armadale raises cash for Tanzania project

By: Anine Kilian     23rd June 2016 Aim-listed Armadale Capital has raised £825 000 through the placing of 41.25-million shares at 2p apiece with new and existing investors.   The proceeds would support the development of the Mahenge Liandu graphite project, in southeast Tanzania, which the company is in the process of acquiring.... 

African Tax Outlook

     22nd June 2016 Launch of the first edition of the African Tax Outlook – a premium ATAF tax publication on tax indicators of the fifteen African countries. This first edition of the African Tax Outlook, which brings together valuable, practical and relevant descriptive and analytical information on tax issues... 

Improved Healthcare Delivery Models across Africa Transform the Industry, Says Frost & Sullivan

     22nd June 2016 The pharmaceutical industry, followed closely by healthcare information technology (IT), in Africa is predicted to experience substantial growth in 2016. A host of factors are anticipated to have a positive effect on the African healthcare industry. Increased investment in both the pharmaceutical... 

FDI into South Africa fell to ten-year low in 2015, Unctad shows 

By: Terence Creamer     21st June 2016 Foreign direct investment (FDI) inflows to South Africa slumped to a ten-year low of only $1.8-billion in 2015, a 69% decline, the latest World Investment Report (WIR16) shows. Inward FDI into Africa’s most developed economy was recorded by the United Nations Conference on Trade and Development... 

IMX changes name to Indiana Resources

By: Mariaan Webb     21st June 2016 Australia-based IMX Resources, which holds a tenement package in Tanzania, would start trading under a new ASX code, IDA, on Wednesday as the company changed its name to Indiana Resources. IMX recently spun out its graphite project in Tanzania, and listed it in a separate company, Graphex Mining,... 

Coca-Cola opens new $130m bottling plant in Mozambique

By: African News Agency      21st June 2016 Coca-Cola Bottling Company on Tuesday announced the official opening of its world-class bottling facility in Matola Gare, near Maputo, Mozambique. The plant, built over three years at a cost of $130-million, is the largest green-field facility in Coca-Cola Sabco’s history across its seven-country... 

Graphite rush intensifying

By: Martin Creamer     20th June 2016 Verification by Armadale of high-grade graphite in Tanzania came hot on the heels of Australian graphite developer Syrah Resources raising A$194-million for its Balama graphite project in Mozambique and smaller Volt Resources, with the Namangale graphite project in Tanzania, announcing a... 

Drives company envisions new developments

By: Simon Sonnekus     17th June 2016 The depressed economy and tightened budgets have not diminished the need for quality products, but rather increased demand for German-made products, notes German industrial drives and motors multinational SEW-Eurodrive. SEW-Eurodrive MD Raymond Obermeyer indicates that although mining and mineral... 

Edenville to raise £432 500 to advance Rukwa development

By: Anine Kilian     14th June 2016 Aim-listed Edenville Energy will raise £432 500 through the issue of 1.92-billion new ordinary shares at 0.0225p apiece. The net proceeds from the subscription would be used for the advancement of mining development, including bulk sampling and analysis, at the company’s Rukwa project, in Tanzania. 

Graphex MD outlines plans for Tanzania graphite project

By: Mariaan Webb     14th June 2016 The MD of ASX newcomer Graphex Mining, Phil Hoskens, on Tuesday outlined plans for the Chilalo graphite project, in Tanzania, telling shareholders that discussion were being advanced to secure an offtake deal and to finalise funding. He said that the IMX Resources spin-off, which made a... 

IAEA helps Mauritius wage war on fruit flies

By: Reuters     14th June 2016 The International Atomic Energy Agency (IAEA) is helping Mauritius to assist the island country “step up its fight against fruit flies threatening valuable crops” the IAEA said on Monday. The IAEA has given Mauritius a new irradiator that would help it to accomplish this purpose by using the... 

Dangote eyes aggressive market share gains

By: Natasha Odendaal     13th June 2016 Cement producer Dangote Cement is aggressively targeting 60% market share in all countries where it operates as it cuts prices, doubles its production and expands it geographic footprint over the next three years, positioning itself to benefit from the 6.1% cement demand growth expected from... 

Tanzania-focused Cradle raises A$2.2m

By: Mariaan Webb     10th June 2016 Australian junior Cradle Resources reported on Friday that it had secured commitments for a A$2.16-million capital raising, which would carry its working capital requirements until project financing came through. The company, which was developing the Panda Hill niobium project, in Tanzania, said... 

Low-cost airline fastjet recruits Mango founder-CEO Bezuidenhout

By: Keith Campbell     9th June 2016 Beleaguered African low-cost airline fastjet, which is listed on the London Aim, announced on Thursday that it had appointed South African airline executive Nico Bezuidenhout as its new CEO. Bezuidenhout will take up his new post on August 1. He has been CEO of Mango Airlines, the low-cost... 

Tanzania-focused Strandline raises $2.3m through share placement with Tembo

By: Samantha Herbst     9th June 2016 Tanzania-focused mineral sands developer Strandline Resources has raised about $2.3-million in equity funding through the successful completion of a share placement with mining-focused private equity fund group Tembo. As a result of the placement – comprising about 333-million new fully paid... 

Dubai-based solar firm pursuing 650 MW African project pipeline

By: Terence Creamer     8th June 2016 Solar energy company Phanes Group, of the United Arab Emirates, reports that its African project pipeline currently exceeds 650 MW, including a 150 MW project under development in South Africa, where it recently opened a regional office. The Johannesburg office is the Dubai-headquartered firm’s... 

Technical due diligence on Kibaran’s Epanko project complete

By: Samantha Herbst     7th June 2016 After securing $2-million through a share placement earlier this year, in conjunction with additional funding mechanisms, junior graphite developer Kibaran Resources announced on Tuesday that technical due diligence on its Tanzania-based Epanko graphite project is now complete, making Kibaran the... 

Ten SADC countries enter new MoU for cooperation in competition matters

By: Natasha Odendaal     6th June 2016 To enhance cooperation and strengthen the effective enforcement of competition law across the South African Development Community (SADC) States, the relevant competition authorities have inked a “landmark” memorandum of understanding (MoU). With a focus on cooperation in competition policy, law... 

Illovo endures ‘perfect storm’ of macro challenges

By: Tracy Hancock     3rd June 2016 The tough commercial sugar environment saw JSE-listed sugar producer Illovo’s group revenues reduce by 0.7% to R13 169.9-million which, in turn, resulted in the operating margin falling from 12.5% to 10.7%, during the 12 months to March 31. "The 'perfect storm' of sustained low export sugar... 

Malawi and neighbours studying several new electricity interconnectors

By: Marcel Chimwala     3rd June 2016 Malawi is implementing several feasibility studies for electricity interconnectors with neighbouring countries as it moves to offset its electricity deficit. Joseph Kalowekamo, energy affairs spokesperson at the Ministry of Natural Resources, Energy and Mining, says the interconnector projects at... 

Kibo to start EPC bidding process for Tanzania coal-to-power project

By: Anine Kilian     3rd June 2016 Tanzania-focused mineral exploration and development company Kibo Mining will soon start the formal engineering, procurement and construction (EPC) bid process for the power plant and coal mine components of its Mbeya coal-to-power project (MCPP). The company last month met with potential bidder... 

Kenya pursuing own oil pipeline after Uganda partnership collapses

By: John Muchira     3rd June 2016 Kenya has set in motion the process to build its own crude oil export pipeline after plans to partner with Uganda in a similar project hit a snag.   Only days after Uganda announced it was partnering with Tanzania instead, Kenya reported that it had decided to build its own pipeline from... 

Peak appoints Tanzania Ambassor as special adviser

By: Samantha Herbst     2nd June 2016 ASX-listed rare earths hopeful Peak Resources announced on Thursday that it had appointed Ambassador Paul Rupia, an “internationally recognised and respected” Tanzania statesman, as special adviser to the Peak board. Rupia currently served as chairperson of DCB Commercial Bank and had held this... 

Kibo, Lake Victoria to consolidate Tanzania projects

By: Creamer Media Reporter      2nd June 2016 Tanzania-focused mineral exploration and development company Kibo Mining and Australia-based Lake Victoria Gold plan to consolidate their respective Imweru and Imwelo gold projects, in Tanzania. The companies on Thursday signed a memorandum of understanding to establish the terms and conditions... 

New disclosure rules risk hurting market integrity, confidence – Amec

By: Mariaan Webb     2nd June 2016 The Association of Mining and Exploration Companies (Amec) has expressed its concern about the Australian Securities and Investments Commission’s (Asic’s) guidelines on forward-looking statements, saying the disclosure rules would have “material ramifications” for the industry. Amec CEO Simon... 

Petra appoints new CFO

By: Creamer Media Reporter      31st May 2016 David Abery has resigned as FD of Petra Diamonds to pursue other opportunities. Current finance manager for operations Jacques Breytenbach would succeed Abery as CFO. He is a chartered accountant and a member of the South African Institute of Chartered Accountants. 

IMX sets listing date for Graphex

By: Mariaan Webb     31st May 2016 A new graphite-focused company with assets in Tanzania will make its debut on the Australian bourse next month. IMX Resources announced on Tuesday that its spin-off, Graphex Mining, will start trading on the ASX on June 14. 

Edenville establishes subsidiary to advance Rukwa power plant

By: Anine Kilian     27th May 2016 Aim-listed Edenville Energy has established a new company Edenville Power Tanzania to advance the power plant project that forms part of its Rukwa coal-to-power project. The 100% owned subsidiary company would be the principal vehicle to advance the power plant along its path to development,... 

Gas industrialisation could be a ‘game changer’

By: Kim Cloete     27th May 2016 Potential investors and experts in South Africa’s gas industry foresee great potential in the sector despite the risks.  “We are on the cusp of a global oversupply of shale gas. We have the opportunity to ship gas and drive industrialisation in industries from glass and cement to agroprocessing... 

Nothing new in latest Ipap iteration

By: Riaan de Lange     27th May 2016 It is said that the English expression 'same old, same old', which means nothing has changed, evolved from the 1950s Japanese expression, samo, samo – but I am certain that this is so. Then there is the English expression 'much of a muchness', which is a great way of saying that two things are so... 

Peninsula Plaza mall project, Tanzania

By: Sheila Barradas     27th May 2016 The Peninsula Plaza will be the biggest shopping centre on the Msasani peninsula. 

Water footprinting integral to water management systems

     27th May 2016 Professional services firm WSP | Parsons Brinckerhoff Africa have shifted focus to advising clients within the private sector to focus on their water strategies in order to sustainably manage water resources while lowering operational costs. WSP have assisted companies such as private hospital... 

Capital Mining eyes another lithium acquisition

By: Mariaan Webb     25th May 2016 ASX-listed Capital Mining was in “advanced stage” negotiations about a lithium acquisition, the company revealed on Wednesday. Capital Mining, which earlier this month announced a sales and purchase agreement to buy Shaw River Lithium and its 13 prospecting licences in the Pilbara, said it was... 

Resources Watch 

     25th May 2016 This week: Minister launches long-term acid mine water solution Government push can make South African mining fly again And, fatigue management prevents accidents and enhances output 

Auroch enters lithium sector with Tanzania project acquisition

By: Mariaan Webb     24th May 2016 Australia’s Auroch Minerals has entered the lithium sector with the acquisition of the Hombolo project, in Tanzania, as the company seeks to take advantage of the strong outlook for lithium from the battery market. Auroch, which recently sold its Manica gold project to Xtract Resources, had made... 

Latest News

more

Latest Videos

more

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119 Close