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Impact of Africa on South Africa’s economic performance ‘underestimated’ – IMF 

By: Terence Creamer     9th March 2017 Sub-Saharan Africa (SSA) is currently the main destination for South African exports and its influence on the economic performance of South Africa is being “underestimated by many commentators”, International Monetary Fund (IMF) senior resident representative in South Africa Dr Montfort Mlachila... 

Power & Electricity World Africa 2017

     9th March 2017 Africa’s largest power and electricity show - Power & Electricity World Africa 2017 celebrates its 20th anniversary. The show welcomes over 7000 attendees and hosts a mecca of solution providers spanning 3 halls and thousands of square meters. Taking place in Johannesburg South Africa, this is a... 

Shanta confident of Q2 maiden resource for Nkuluwisi

By: Natasha Odendaal     8th March 2017 A maiden resource for the Nkuluwisi prospect, located near the New Luika gold mine, in southwest Tanzania, is on track for delivery in the second quarter of 2017, Aim-listed Shanta Gold said on Wednesday. The reverse circulation (RC) drilling results of the Nkuluwisi mineralised target are... 

Edenville appoints consulting engineer, coal engineer for Rukwa

By: Megan van Wyngaardt     6th March 2017 Aim-listed Edenville Energy has appointed a consultant mining engineer to oversee the mining development and efficient operation of its Rukwa coal-to-power project, in western Tanzania. The unnamed engineer has over 20 years of experience in the resources industry, including ten years on the... 

Secret of the Kibali mine – flying people in and gold bars out

By: Bloomberg     6th March 2017 Randgold Resources had to haul heavy equipment more than 1 000 miles to build the roads and hydropower plants needed to construct its Kibali gold mine, the biggest in Democratic Republic of Congo. The sprawling facility in a remote corner of a country the size of Western Europe is a high-tech... 

Tanzania bans metals, minerals exports in bid to increase domestic beneficiation 

By: Megan van Wyngaardt     3rd March 2017 Aim-listed Acacia Mining on Friday said it had ceased exports of gold and copper concentrate from its operations in Tanzania, following a directive from the country’s Ministry of Energy and Minerals that all such exports be banned. In a statement, Acacia said it was urgently seeking further... 

Volt signs offtake agreement

By: Esmarie Swanepoel     3rd March 2017 Graphite developer Volt Resources has signed a binding offtake agreement with US-based Nano Graphene for a minimum of 5 000 t of flake graphite over a five-year period. The offtake period would start in the first quarter of 2018. 

Mbeya coal-to-power project, Tanzania

By: Sheila Barradas     3rd March 2017 Kibo Mining has completed the environmental- and social-impact assessment for the project, and is now awaiting certification. 

Rukwa coal-to-power project, Tanzania

By: Sheila Barradas     3rd March 2017 Edenville Energy is embarking on the next phase of development at its Rukwa coal project. 

Kibo inches closer to completion of gold assets sale to Opera

By: Megan van Wyngaardt     2nd March 2017 The proposed sale of dual-listed Kibo Mining’s northern Tanzania-based gold assets, Imweru and Lubando, to London-listed Opera Investment is one step closer to completion, after the projects’ resources were upgraded. The two companies in September signed a heads of agreement for the unloading of... 

VWSA MD takes on regional responsibility; Rwanda to open VW plant

By: Irma Venter     2nd March 2017 German car manufacturer Volkswagen has established Volkswagen Sub-Saharan Africa as a regional operation, in a move aimed at developing and strengthening the African market. The new region joins the existing regions of North America, South America and China, and forms part of Volkswagen’s... 

KSB invests in Zambia

     2nd March 2017 Global pump manufacturer, KSB Pumps and Valves, has established an independent operation in Zambia to ensure that its rapidly expanding customer base has full access to the company’s world-class sales and support services. Having previously been represented by a network of agencies and dealers... 

Kibo, Metal Tiger call it quits on JV projects

By: Megan van Wyngaardt     24th February 2017 Dual-listed Kibo Mining has terminated joint venture (JV) activities with Metal Tiger at the Pinewood and Morogoro mines, in Tanzania. The companies will also relinquish the mine licences back to the local authorities. 

Busega–Mpigi express highway project, Tanzania

By: Sheila Barradas     24th February 2017 The project involves the construction of a 23.7 km four-lane express highway. 

Diplomatic doldrums for Pretoria?

By: Keith Campbell     24th February 2017 While much local media attention has been devoted to US President Donald Trump, there has been something that, from a South African perspective, was much more important. This was the outcome of the African Union summit at the end of January. This appears to have been pretty much a diplomatic... 

Hummingbird appoints GM for Yanfolila

By: Megan van Wyngaardt     23rd February 2017 Aim-listed Hummingbird Resources has appointed Kevin Moxham GM of its Yanfolila gold project, in Mali. An engineer by profession, Moxham has over 30 years’ experience in the effective management and commissioning of mining projects in jurisdictions including Ghana, Eritrea, Tanzania and South... 

Edenville secures wash plant, crusher for Rukwa

By: Natasha Odendaal     23rd February 2017 Aim-listed Edenville Energy is embarking on the next phase of development at its Rukwa coal project, in western Tanzania, as it acquires a coal washing plant and crusher and appoints a wash plant engineer. The start of the process to ship and assemble the wash plant, in anticipation of starting... 

Bowmans grows African Oil & Gas offering with key partner appointment

     22nd February 2017 Leading pan-African law firm, Bowmans, has appointed London-based lawyer, Nicolas Bonnefoy, as a partner in its Oil & Gas Sector Group.   Bonnefoy is an oil & gas and mining project lawyer with an exclusive focus on Africa. Dual qualified as an Avocat in France and a solicitor of England and... 

Free cash rockets to $278m, dividend resumed – AngloGold

By: Martin Creamer     21st February 2017 Gold mining company AngloGold Ashanti will resume dividends after lower operating and interest costs helped it nearly double free cash flow to $278-million on lower production. In the 12 months to December 31, AngloGold Ashanti produced 3.6-million ounces of gold across its 17-mine portfolio at a... 

Edenville raises £2m to advance Rukwa project to production

By: Megan van Wyngaardt     20th February 2017 Aim-listed Edenville Energy has raised £2-million through an oversubscribed subscription of 250-million new ordinary shares at 0.8p apiece. The company also issued 125-million warrants to the subscribers on the basis of one warrant for every two new ordinary shares, exercisable at 1.08p per... 

African Utility Week Industry Awards include new gas, small scale and ICT categories to reflect evolution of energy and water sectors

     20th February 2017 Nominations are open for top industry professionals and projects   “I know the energy revolution is powering up and ready to take off. We should embrace energy trade with each other”.  With these words Mr Kandeh Yumkella, UN Under-Secretary-General and Former Special Representative of the... 

Lake Albert oilfield development project, Uganda

By: Sheila Barradas     17th February 2017 The project is expected to produce about 230 000 bbl/d when it reaches full production. 

Kibo awaits MCPP Esia certification

By: Megan van Wyngaardt     15th February 2017 Dual-listed Kibo Mining has completed the environmental- and social-impact assessment (Esia) for its Mbeya coal-to-power project (MCPP), in Tanzania, and is now awaiting certification. CEO Louis Coetzee on Wednesday said the completion of the Esia work marked another major step forward in the... 

Tanzania set to proceed with Dar port expansion

By: John Muchira     10th February 2017 Tanzania is set to proceed with the long-stalled expansion of the Dar es Salaam port, after securing funding from the World Bank. Two years after breaking ground, the project has been in doubt until recently, when the Bretton Woods institution approved a $305-million loan for the project. 

Africa must connect on global scale for economies to keep up and compete

By: Megan van Wyngaardt     9th February 2017 To grow their economies in line with their growing size, Africa’s cities must open their doors and connect to the world to ensure that investments in these cities’ infrastructure, industrial and commercial structures keep pace with its concentration of people. A new World Bank report, released on... 

Kansai Plascon acquires Sadolin Paints

By: Anine Kilian     9th February 2017 Kansai Plascon Africa, a subsidiary of Japan-based Kansai Paint, will acquire 100% of East African paint distributor Sadolin Paints’ operations in Kenya, Uganda, Tanzania, Zanzibar and Burundi. The completion of the transaction is subject to regulatory approvals and other customary conditions. As... 

DFS pegs Lindi development costs at $38.7m

By: Esmarie Swanepoel     7th February 2017 A definitive feasibility study (DFS) into the Lindi graphite project, in Tanzania, estimates the project will cost $38.7-million to support production of 40 000 t/y of graphite concentrate over a 20-year period. The DFS estimated that the project will generate a life-of-mine revenue of some... 

Tanzania said to pick Mota, Yapi to build $1.1bn rail

By: Bloomberg     3rd February 2017 Tanzania chose Turkish construction company Yapi Merkezi Insaat VE Sanayi As and Portuguese building firm Mota-Engil SGPS SA to build a railway at a cost of more than €1-billion ($1.1-billion) to connect the East African country with landlocked neighbors, people familiar with the matter said. The... 

Mining Indaba remains pivotal to Africa

By: Ilan Solomons     3rd February 2017 The mineral resources sector remains “critically important” to the African continent, which is why the Investing in African Mining Indaba has consistently been regarded as an event of “paramount significance”, says Mining Indaba MD Alex Grose. This is also a key motivation for the at least 24... 

Veeam outlines partnership-based growth vision for Southern Africa

By: Schalk Burger     3rd February 2017 Information technology (IT) availability company Veeam’s local partners – which enable it to have a constantly available presence and effective support in the Southern African countries it is expanding in – are fundamental to the firm’s long-term growth plans, says Veeam Africa South regional... 

AIIM acquires stake in DCG

By: Anine Kilian     2nd February 2017 African infrastructure equity investment manager African Infrastructure Investment Managers (AIIM) has acquired a 60% interest in dry bulk terminal operator DSM Corridor Group Tanzania (DCG), in the Port of Dar es Salaam, in Tanzania. “The port and surrounding infrastructure is set to be... 

Chilalo resource increases by 80%

By: Esmarie Swanepoel     2nd February 2017 ASX-listed Graphex Mining has reported an 80% increase in the mineral resource of its Chilalo graphite project, in Tanzania. The Chilalo resource now stood at 16.9-million tonnes, grading 10.2% total graphitic carbon, with some 5.2-million tonne of the resource classified as indicated, and a... 

Magnis finds a Russian partner

By: Esmarie Swanepoel     30th January 2017 Graphite developer Magnis Resources has signed a project financing and offtake memorandum of understanding (MoU) for super jumbo and jumbo flake graphite from its Nachu project, in Tanzania. Magnis said on Monday that it would work with Russia’s Rosatom International Network to formalise an... 

Mining Indaba remains pivotal to Africa 

By: Ilan Solomons     27th January 2017 The mineral resources sector remains “critically important” to the African continent, which is why the Investing in African Mining Indaba has consistently been regarded as an event of “paramount significance”, says Mining Indaba MD Alex Grose. This is also a key motivation for the at least 24... 

Mueda–Negomano road construction project, Mozambique

By: Sheila Barradas     27th January 2017 The African Development Bank has approved a $71.8-million grant and a $3.1-million loan to the government of Mozambique for Phase 1 of the project. 

Solar opportunities raised at exhibition

     27th January 2017 After the success of Solar Africa 2015, at the Kenyatta International Convention Centre (KICC) in Nairobi, Kenya, organiser of trade events Expogroup announced the return of Solar Africa 2017 from June 10 to 12. Expogroup highlights that one of the major challenges in the renewable energy... 

Volt appoints service provider for graphite samples

By: Megan van Wyngaardt     24th January 2017 Graphite producer Volt Resources has entered into an agreement with an unnamed Southern Africa-based mining services company to expedite the production of graphite samples from its Namangale deposit, in Tanzania, under strict commercial conditions. ASX-listed Volt explained on Tuesday that it was... 

Edenville, Sinohydro sign MoU to codevelop Rukwa project

By: Anine Kilian     23rd January 2017 Aim-listed Edenville Energy and Chinese State-owned hydropower engineering and construction company Sinohydro Corporation have signed a memorandum of understanding (MoU) for the codevelopment of Edenville’s integrated Rukwa coal-to-power project, in western Tanzania. The MoU, which is valid for... 

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