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eThekwini Municipality Supports intra-African Chemicals Trade

By: Creamer Media Reporter      17th July 2018 The recent signing of commitment to the African Continent Free Trade Area (AfCTA) by 27 African states creates significant opportunity for stronger intra-Africa trade and regional integration. Intra-Africa trade is seen as one of the ways in which the continent can build itself. Durban Chemicals... 

China overloading poor nations with debt, top US official says

By: Reuters     17th July 2018 China is saddling poor nations with unsustainable debt through large-scale infrastructure projects that are not economically viable, the head of the US Overseas Private Investment Corporation (OPIC) said on Monday. The criticism of Beijing - targeted by President Donald Trump in a trade war that... 

Telecom Egypt, Liquid Telecom sign MoU to complete fibre network from Cape Town to Cairo

By: Reuters     16th July 2018 Telecom Egypt has signed a memorandum of understanding with Liquid Telecom to enable the Pan-African group to complete Africa’s terrestrial fibre network stretching across the African continent, the companies said on Saturday. Liquid Telecom, a subsidiary of Econet Wireless Global, has been... 

How mining tycoons are trying to foil a big UK bribery probe

By: Bloomberg     16th July 2018 It’s a faint echo of the defense being floated by targets of the Mueller probe in the US – an unaccountable circle of bureaucrats manipulating the system to their own ends. But in London, it’s the last ditch effort by a trio of Kazakh oligarchs to derail the UK’s biggest bribery investigation. 

Gauteng Company Hopes To Expand Market To Angola

13th July 2018 A Gauteng civil and structural consulting engineering company is looking forward to expanding its customer base when they participate in the Trade and Investment Mission to Angola that will take place from 16-21 July 2018. The mission will be led by the Deputy Minister of Trade and Industry, Mr... 

Zambia says debt restructuring will not disrupt Chinese projects

By: Reuters     12th July 2018 Zambia will be careful to ensure its planned debt restructuring does not disrupt Chinese-financed projects, President Edgar Lungu said on Wednesday, after China's ambassador to the southern African nation sought clarification on the matter. China is a leading financier of infrastructure projects... 

Barrick trims copper guidance, gold forecast intact

By: Mariaan Webb     12th July 2018 Toronto, Canada-headquartered Barrick Gold has maintained its gold production guidance for 2018 at between 4.5-million and 5-million ounces, but has slashed 40-million pounds off its copper production guidance, owing to operational challenges at its biggest copper mine – Lumwana, in Zambia. The... 

Chicago Pneumatic generator give-away a showstopper at Sibanye Gold MTE

11th July 2018 Following hot on the heels of the successful generator give-away at the Northam Mining & Technical Exhibition (MTE) in Limpopo, one week later Chicago Pneumatic once again handed out a portable generator, this time to a lucky visitor of the Sibanye Gold MTE held in Gauteng on 17 May 2018. Chicago... 

SRK, industry loses leading light

By: Nadine James     11th July 2018 One of SRK Consulting’s three founding members, Dr Oskar Steffen, passed away on Wednesday, June 27, in Johannesburg. He was 77 years old. Steffen was born in Swaziland, where he completed his schooling. He left for Johannesburg in 1956 to study civil engineering at the University of the... 

Arc lifts Zamsort stake to 66%

By: Creamer Media Reporter      11th July 2018 Aim-listed Arc Minerals has acquired a further 5% interest in Zamsort, the operator of the Kalaba copper/cobalt project, in Zambia. It now owns 66% of Zamsort, with the other 34% interest held by Kopara Investments. 

SADC Committee of Ministers of Finance meets in South Africa

By: African News Agency      11th July 2018 The Southern African Development Community (SADC) Committee of Ministers of Finance and Investment will meet today in Johannesburg to discuss areas of cooperation and improving regional financial coordination.  The Ministers will be joined by the central bank governors from the region.  

Mining can be a major driver of development in poor countries – ICMM

By: Marleny Arnoldi     10th July 2018 The lives of people living in countries whose economies are dependent on mining have, on average, improved faster than those of people in other countries over the past 20 years, a report by the International Council of Mining and Metals (ICMM) has found.  

Eskom executive structure strengthened with the appointment of a COO

By: Nadine James     6th July 2018 The board of State-owned power utility Eskom has appointed Jan Oberholzer COO. The board, which was appointed in January, was mandated to resolve and take decisions to address the immediate challenges facing Eskom. Key to this mandate was to bring stability to the executive leadership structures... 

“Listeriosis can be rallying call for the industry”

6th July 2018 The recent listeriosis outbreak is a timely reminder that the food supply chain is constantly under attack from outside threats. In this, there is a lesson for the rest of the industry, writes Emma Corder, Nilfisk South Africa Country Manager. One doesn’t have to look far to find serious cases of... 

Products facilitate cleaner, safer environments

By: Tasneem Bulbulia     6th July 2018 With dust legislation encouraging awareness of dust repercussions, chemical solutions provider Chryso Southern Africa (Chryso) and its subsidiary a.b.e are providing a range of dust suppression technologies to help reduce the effects of dust, Chryso CEO Norman Seymore tells Engineering News. “We... 

Russian nuclear group further develops cooperation with Africa

By: Rebecca Campbell     6th July 2018 Russian State-owned nuclear group Rosatom has announced that it has signed a Memorandum of Understanding (MoU) with the Ministry of Infrastructure of Rwanda. The MoU covers cooperation in the peaceful uses of nuclear energy. This is the first agreement between the two countries regarding the... 

First Quantum given time to solve $7.9bn Zambian tax row

By: Bloomberg     5th July 2018 Zambia agreed to give First Quantum Minerals more time to complete its analysis of what the company might owe the southern African nation after it was slapped with a $7.9-billion tax bill, according to the Finance Minister. The Vancouver-based company is challenging the assessment from Zambia’s... 

Anil Agarwal faces shareholder resistance to $1bn Vedanta bid

By: Reuters     4th July 2018 Billionaire Anil Agarwal faces investor resistance to his $1-billion bid to buy out minority shareholders in Vedanta Resources and take the London-listed Indian miner private. Vedanta, chaired by its 64-year-old founder Agarwal, on Monday announced that its independent board directors were... 

Moody’s warns of credit implications for Africa as China shifts to consumption-led growth

By: Simone Liedtke     3rd July 2018 China's shift to consumption-led growth will have mixed credit implications for African sovereigns, flattening the trade volumes of oil and ferrous metal exporters, while benefitting other exporters and tourist destinations, Moody's Investors Service said in a report published on Tuesday. "China... 

When the going gets tough, the tough get railing

By: Creamer Media Reporter      3rd July 2018 Earlier this year, it was widely reported that Zambia had passed a statutory ruling which instructed firms (affecting mostly Mining), to transport at least 30% of their heavy and bulk freight volumes by rail. To place this into perspective, it is estimated that only 5% of the total freight moved... 

Construction of Jubilee’s Kabwe zinc recovery circuit under way

By: Marleny Arnoldi     2nd July 2018 Johannesburg- and London-listed Jubilee Metals said on Monday that construction of the zinc recovery circuit at its Kabwe project, in Zambia, was under way, while development work around testing of the lead and vanadium circuit design parameters continued. “Our process development teams have... 

Southern Africa construction equipment rental market growing at 3% CAGR to reach $3,5m by 2024

2nd July 2018 According to a new research report by Global Market Insights, Inc. Southern Africa Construction Equipment Rental Market to exceed USD 3.5 billion by 2024. In Southern Africa construction industry, usage of rental services is a prevalent channel. A steady rise in the rental model has been... 

Inkulu Plastics expands offerings and services

By: Melissa Zisengwe     29th June 2018 Gas pipes provider Inkulu Plastics now offers the South African market a range of small-, medium- and large-bore high-density polyethylene (HDPE) gas pipes of between 16 mm and 630 mm in diameter. “Manufactured in accordance with ISO 4437 standards, our gas pipes and fittings are quality-tested... 

Intelligent data management capabilities support future services

By: Schalk Burger     29th June 2018 Intelligent data management across a company’s information technology environment is a key element supporting faster and more effective use of business data and new technologies and capabilities, such as Internet of Things (IoT) systems, which can involve thousands of different data-generating... 

Oranto Petroleum makes Zambian oil and gas exploration debut

By: Marleny Arnoldi     28th June 2018 Pan-African oil and gas exploration and development group Oranto Petroleum has started farming into two exploration blocks located onshore in Zambia. These blocks are Oranto’s first inroads into the country. 

Skyriders scales new heights with hotel waterproofing project in Zambia

28th June 2018 Skyriders Access Specialists (Pty) Ltd. showcased the flexibility of its rope-access solutions at a recent waterproofing contract on a 19-storey hotel building, in Lusaka, Zambia for a major hotel group. The initial scope of work was to assist the primary contractor with waterproofing on one or... 

Zambian Parliament recommends private investment in State firms

By: Reuters     27th June 2018 Zambia must consider seeking equity partners to recapitalise its State-owned firms, a Parliamentary committee recommended on Tuesday. Zambia transferred the shares of 29 of its 33 State-owned companies in 2015 from the ministry of finance to the government's investment arm, the Industrial... 

Arc sells holding in noncore Andiamo

By: Anine Kilian     26th June 2018 Aim-listed Arc Minerals has sold its interest in Andiamo Minerals to Africa-focused mining private equity group AMED Funds for $532 000. Arc chairperson Nick von Schirnding said in a statement on Tuesday that the sale represented a major step forward in delivering on the company’s stated strategy... 

Edenville, Sinohydro extend MoU to December 2019

By: Marleny Arnoldi     25th June 2018 Energy commodity developer Edenville Energy has extended the validity of its memorandum of understanding (MoU) with hydropower engineering company Sinohydro Corporation of China, over the Rukwa coal project, in south-west Tanzania, to December 2019.  

Zambia shortlists ten firms for 100 MW solar projects

By: Reuters     22nd June 2018 Zambia has shortlisted ten regional and international companies to build a total of 100 MW of solar electricity projects by 2020, the director of the project said on Friday. Zambia is heavily dependent on hydropower and following a drought in 2016, an electricity shortage hit Africa's No.2 copper... 

IFC signs $34m financing agreement for Zambia solar project

By: Marleny Arnoldi     22nd June 2018 The International Finance Corporation (IFC) has signed a $34-million financing agreement with Enel, the Industrial Development Corporation of Zambia and the European Investment Bank for the construction of the 34 MW Ngonye solar plant, in Zambia.  

Financing of ZTK transmission line to benefit Rukwa project – Edenville

By: Anine Kilian     22nd June 2018 Aim-listed Edenville Energy believes the approval by the World Bank of $455-million in funding for the development of the Zambia–Tanzania–Kenya (ZTK) power transmission line, will benefit its Rukwa project.  The funding will allow for the construction of high-voltage power infrastructure, which... 

First Quantum says competitiveness key to Zambia copper production

By: African News Agency      22nd June 2018 Global metals and mining company First Quantum has urged Zambia to ensure competitiveness and stability in the sector in order to attract foreign direct investment and regain its slot as Africa's largest copper producer. Essential to this is a competitive electricity tariff structure that... 

Namibia’s world-class roads

By: Martin Zhuwakinyu     22nd June 2018 I have been to a few countries in Southern Africa but Namibia seems to always fall into the blind spot whenever I plan to travel beyond the borders of Mzansi. However, the good work being done in that country has not gone unnoticed by those who really matter. By ‘those who really matter’ I mean... 

Lungu refuses to fire Minister following Zambian mining tragedy

By: African News Agency      21st June 2018 Zambian President and leader of the ruling Patriotic Front (PF) party Edgar Lungu, has turned a deaf ear to calls for the Minister of Mines Richard Musukwa to be fired following Wednesday’s mining tragedy when at least ten miners were buried alive after the collapse of a mine dump in Zambia's... 

Zambia aiming for power prices that reflect costs by end 2018

By: Reuters     21st June 2018 Zambia plans to introduce electricity tariffs that reflect the cost of production by the end of this year, a senior government official said on Thursday, a move that could increase costs for economically vital mining firms that currently pay a flat price. In 2015 and 2016, Zambia experienced a... 

Zambia urges South African firms to invest in public projects

By: Reuters     21st June 2018 Zambia's finance minister urged South African firms to invest in roads and power plants in Africa's No.2 copper producer after it suspended borrowing indefinitely, slowing down the accumulation of new debt amid worries about the risk of distress. The International Monetary Fund rejected Zambia's... 

Copperbelt Energy of Zambia eyes $250m power investment

By: Bloomberg     20th June 2018 Copperbelt Energy Corp, the Zambian electricity supplier with customers including Glencore’s copper mines, may invest as much as $250-million in solar projects and transmission lines in the neighboUring Democratic Republic of Congo (DRC), CEO Owen Silavwe has said. The amount includes two solar... 

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