R/€ = 14.43 Change: -0.08
R/$ = 13.26 Change: -0.15
Au 1263.52 $/oz Change: -1.12
Pt 949.00 $/oz Change: -5.50


Armadale declares maiden resource estimate at Tanzania graphite project

By: Megan van Wyngaardt     8th December 2016 Aim-listed Armadale has declared a maiden Joint Ore Reserves Committee-compliant inferred mineral resource estimate of 40.9-million tonnes – graded at 9.41% total graphitic content (TGC) – for its 100%-owned Mahenge Liandu graphite project, in Tanzania. At least 32-million tonnes of this resource... 

Peak picks UK for refinery

By: Esmarie Swanepoel     6th December 2016 ASX-listed Peak Resources has selected a site for its proposed rare earth refinery, at Tees Valley, in the UK. Peak told shareholders that the UK site was selected to better position the company to establish a rare earth refinery at a location with access to global shipping, cheap and reliable... 

SASSDA Facilitates Cross Border Initiatives With Leading Kenyan Stainless Steel Fabricator

     5th December 2016 A sassda facilitated visit by one of its members, Kenyan-based stainless steel fabricator Desbro Engineering to a number of South African counterparts has resulted in a training partnership between the South African Institute of Welding as part of a joint initiative to boost the skills base... 

Edenville coal sampling results show power plant feed potential

By: Natasha Odendaal     5th December 2016 The latest sampling and wash test results are validating the initial positive results of the recent bulk sampling programme at the Rukwa coal-to-power project, in Tanzania, Aim-listed Edenville Energy said on Monday. The results from seam MK1, which followed closely on that of the seam MK2... 

Armadale, KMP to proceed with DRC gold project JV

By: Megan van Wyngaardt     5th December 2016 Kisenge Mining (KMP) has completed due diligence and exercised its option to form a joint venture (JV) over Aim-listed Armadale Capital’s Mpokoto gold project, in the Democratic Republic of Congo. Mpokoto has a total mineral resource of 678 000 oz gold from 14.58-million tonnes, at 1.45 g/t. 

Kibo, Opera Tanzania gold asset deal progressing well

By: Natasha Odendaal     2nd December 2016 The proposed sale of AltX- and Aim-listed Kibo Mining’s northern Tanzania-based gold assets to London-listed Opera Investment has now reached an advanced stage and is expected to conclude in due course. Kibo on Friday said that, while the spin-off of its Imweru and Lubando gold projects into a... 

Construction of $340m East African hydropower plant to start in 2017

By: John Muchira     2nd December 2016 Construction of the $340-million Rusumo hydropower plant, on the Rwanda-Tanzania border, is set to begin early next year. This follows the awarding of the construction contract to a consortium Chinese companies China Geo-Engineering Corporation and Jianxi Water & Hydro Construction and Austria's... 

Ford’s local unit shipping first batch of Africa-bound Everest SUVs

By: Irma Venter     2nd December 2016 The first batch of South African-built Ford Everest vehicles destined for export markets in sub-Saharan Africa has been completed, with the first vehicle on its way to its new owner in Kenya. The moondust silver Everest 2.2 XLT 4 X 4 departed Durban on November 12, and is destined for Mombasa,... 

Debt capital markets in Africa remain resilient, says Standard Bank

By: Megan van Wyngaardt     1st December 2016 A review of the continent’s activity in debt capital markets by financial services provider Standard Bank reveals continued growth in issuance, including the evolution of new asset classes, which speak well to both the resilience and future growth prospects of Africa’s debt capital markets. Debt... 

Kibo receives integrated draft financial model for MCPP

By: Anine Kilian     1st December 2016 Tanzania-focused mineral exploration and development company Kibo has received an advanced draft of the integrated financial model for the Mbeya coal-to-power project (MCPP) from its financial advisers, Absa/Barclays. The model will be the subject of extensive review and further adjustment, based... 

Seacom’s business unit gains traction 

By: Natasha Odendaal     30th November 2016 Pan-African telecommunications firm Seacom has gained better-than-expected momentum in its quest to grow its enterprise segment, with the well received establishment of the second unit opening up the East African market. The business unit, which launched its full set of business offerings to the... 

Price war placing pressure on proper design, warns Arup SA boss

By: Irma Venter     30th November 2016 South Africa’s struggling economy has increased the pressure on engineering firms to underbid on larger projects, says Arup Southern Africa leader Poya Rasekhi. This, however, often leads to poor design and staff burn-out, which almost inevitably ensures that the final price tag ends up being... 

AfDB appoints new regional director-generals to roll out business plans

By: Megan van Wyngaardt     25th November 2016 The African Development Bank (AfDB) has appointed Dr Tonia Kandiero as DG of its Southern Africa regional development and business delivery office, effective December 1. The office forms part of the AfDB’s new business approach to accelerate its business and development impacts across the continent. 

German drive engineering group to expand activities in South Africa

By: Keith Campbell     25th November 2016 German drive engineering group SEW Eurodrive is planning to expand its assembly capacity in South Africa. The company operates 15 manufacturing plants in Germany, France, Brazil, the US and China, which ship components to assembly plants in 75 countries, including South Africa. “We invest in all... 

Armadale confirms exceptional high-grade graphite deposit in Tanzania

By: Anine Kilian     22nd November 2016 Aim-listed Armadale Capital on Tuesday said the 2016 drilling campaign at the Mahenge Liandu graphite project, in Tanzania, had demonstrated consistent, commercially viable, high-grade graphite mineralisation of up to 15.7% total graphitic carbon (TGC) commencing from or near the surface. “The... 

Gold from woodchips, grease, mine muck surprises on upside 

By: Martin Creamer     21st November 2016 The recovery of gold from mine waste at Goldplat Recovery in Benoni generates a surprisingly high level of revenue while simultaneously protecting the environment and providing hundreds of valuable jobs. The London Aim-listed Goldplat, a bona fide junior producer from secondary material, last... 

Kibo, GE sign collaboration agreement

By: Anine Kilian     21st November 2016 Tanzania-focused mineral exploration and development company Kibo Mining has signed a collaboration agreement with General Electric International (GE), which will supply equipment, technology and services to the Mbeya coal-to-power project (MCPP) power plant. GE will also assist Kibo in... 

Zanzibar Amber Resort project, Tanzania

By: Sheila Barradas     18th November 2016 The project involves the construction of a resort that will host an array of premium residency options. 

Shanta receives $5.25m silver streaming payment

By: Anine Kilian     17th November 2016 East Africa-focused gold producer Shanta Gold has received an advanced payment of $5.25-million as part of a silver streaming agreement (SSA) with privately held Guernsey-based investment company Silverback. The SSA was signed in May. 

Volvo Trucks targets strong growth in slowly recovering Africa

By: Irma Venter     17th November 2016 Volvo Trucks should this year sell around 250 new trucks in Southern African markets outside South Africa, says Volvo Group Southern Africa president Torbjörn Christensson. Three years from now, in 2019, the company wants sales in these Southern African markets to grow to 1 000 trucks a year. 

Exports of SA-built Ford Everest starts, first vehicle to Kenya

By: Irma Venter     17th November 2016 The first batch of South African-built Ford Everest vehicles destined for export markets in sub-Saharan Africa has been completed, with the first vehicle on its way to its new owner in Kenya. The moondust silver Everest 2.2 XLT 4 X 4 departed Durban on November 12, and is destined for Mombasa,... 

Africa gets renewed broadband focus with Eutelsat offshoot

By: Natasha Odendaal     16th November 2016 Africa is set to benefit from a new broadband venture that aims to bridge the digital divide through the use of extensive, high-quality and affordable satellite infrastructure. Satellite communications provider Eutelsat’s newly established subsidiary Konnect Africa plans to deploy commercial... 

Liquid Telecoms’ buyout of Neotel nears final hurdle

By: Natasha Odendaal     15th November 2016 The R6.5-billion buyout of converged communications network operator Neotel by privately owned Pan-African telecoms group Liquid Telecom is reaching its final hurdle – approval by the Independent Communications Authority of South Africa (Icasa). The acquisition was progressing “very well” and the... 

Vodacom reports growth as South African operations shine

By: Natasha Odendaal     14th November 2016 Telecommunications giant Vodacom on Monday reported maintaining headline earnings a share of 440c for the six months ended September 30, with net profit marginally down at R6.2-billion and operating profit up 5.4% to R10.7-billion. Earnings a share for the first half of the year contracted 0.5%... 

Graphex granted licence for Tanzania graphite project

By: Esmarie Swanepoel     14th November 2016 Junior Graphex Mining has been granted a mining lease over its Chilalo graphite project, in Tanzania. The company said on Monday that the granting of the mining license was a key approval required for the development of the Chilalo project, and satisfied an important requirement in the offtake... 

AngloGold free cash soaring

By: Martin Creamer     14th November 2016 The generation of free cash by gold mining company AngloGold Ashanti is soaring. Free cash flow of $161-million in the third quarter is 54% higher than the free cash flow generated in the six months to June 30. 

Company celebrates long-time continuous operations in Africa

     11th November 2016 This month geotechnical contractor Franki Africa celebrates seventy years of continuous operation in Africa. The company highlights that it is more motivated than ever to move forward vigorously in spite of challenging times in the construction industry. “Seventy years is a significant milestone... 

Engen boosts customer convenience with water and biltong bars

     10th November 2016 Engen Petroleum, a leading producer and marketer of a wide range of fuels, lubricants and oil-based products has been busy trialling two fresh new concepts in selected outlets as a three-month trial, prior to extending the offerings across Southern African countries. The first is a concept called... 

Pump and Abrasion Technologies® show expert capability in development of new curve™ pump.

     9th November 2016 With its newly launched CURVE™ range of slurry pumps, Pump and Abrasion Technologies® (PAT) have proven that they possess the know-how and the infrastructure to deliver first class slurry solutions and excellent service. This, says Managing Director Jaco Buitendag, is the first step towards their... 

Exploration results make compelling case for Armadale's Tanzania graphite project

By: Megan van Wyngaardt     8th November 2016 Initial assay results from Armadale Capital's Mahenge Liandu project, in Tanzania, show high-grade graphite mineralisation at up to 26% near-surface total graphitic carbon. Further feedback on Joint Ore Reserves Committee- (Jorc-) compliant modelling, due for completion by the end of the fourth... 

Modified wagon designs to increase volumes per trip

By: Simone Liedtke     4th November 2016 By modifying construction materials and wagon design, original-equipment manufacturer Galison Group believes that the lighter weight of a wagon will significantly reduce transport and production costs, by enabling customers to increase their production volumes per wagon per trip. 

New technology extended to wagon and passenger bogies

By: Simone Liedtke     4th November 2016 Having become the first rolling stock company in the southern hemisphere to pioneer its own fabricated lightweight, cost-competitive locomotive bogie, South Africa-based locomotives company DCD Rolling Stock is extending its technology to wagon and passenger coach bogies aimed at the global market. 

Sound planning, partnerships critical for success of Africa’s gas-to-power initiatives

By: Creamer Media Reporter      4th November 2016 Africa is home to one of the greatest future energy sources – gas. Continuous exploration and talks, combined with gas’s low carbon make-up, have paved the way for a potentially powerful emerging gas-to-power market.  However, bringing gas-to-power facilities on line involves a complex process of... 

Trade relations from afar

By: Riaan de Lange     4th November 2016 It took Julie Gold, in her own words, “on the one hand, two hours to write and, on the other hand, 30 years to write”, in 1986, the most famous of songs. The song was first recorded by Nanci Griffith for her 1987 album, Lone Star State of Mind, but it only became a commercial success after Bette... 

Global wind energy industry is soaring, hears Windaba

By: Kim Cloete     2nd November 2016 China is still leading the charge in the wind energy industry, outpacing by far the US, Germany, India and Spain. Global Wind Energy Council (GWEC) secretary-general Steve Sawyer, said the last two years in the global wind energy industry had seen substantial growth, after a flat period between... 

Oil, gas activity in sub-Saharan Africa nosedives

By: Megan van Wyngaardt     2nd November 2016 As oil prices continue to plunge, capital investment budgets in the oil and gas industry in sub-Saharan Africa for the next five years have also been cut by $100-billion, Wood Mackenzie's latest report on upstream activity in the region reveals. Deepwater suffered the biggest capital expenditure... 

SADC’s dependence on South Africa’s trade corridors slows

By: Natasha Odendaal     2nd November 2016 South Africa is at risk of being left behind as its neighbours ramp up port and corridor development and rapidly reduce their dependence on the Southern African powerhouse’s trade routes. With continued infrastructure-led growth, the changing dynamics in the Southern African Development Community... 

Kibo receives final commercial bids for Mbeya project

By: Anine Kilian     1st November 2016 The final commercial bids for Kibo Mining’s Mbeya coal-to-power project’s (MCPP’s) engineering, procurement and construction (EPC) and original-equipment manufacturer (OEM) contracts were received from Sepco III and General Electric (GE) on October 31, the Tanzania-focused company announced... 

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