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Zambezi River Authority says Kariba dam works on track

By: Megan van Wyngaardt     24th November 2017 The $294-million Kariba dam rehabilitation project (KDRP) is progressing steadily, with the plunge pool currently in the implementation phase and the spillway refurbishment works under procurement, the Zambezi River Authority (ZRA) said on Friday. The authority, which operates, maintains and... 

Zimbabwe had been ripe for a military coup for a long time

By: Martin Zhuwakinyu     24th November 2017 The past few weeks have been hectic for Zimbabwe, our northern neighbour. Matters came to a head early this month, when Emmerson Mnangagwa was sacked as President Robert Mugabe’s joint number two in both government and the ruling Zanu-PF party, ostensibly for “disloyalty, disrespect,... 

Mnangagwa's task to rebuild Zimbabwe economy

By: Bloomberg     23rd November 2017 When Emmerson Mnangagwa takes over from Robert Mugabe as Zimbabwe’s President on Friday, he’ll inherit an economic wasteland that will take years and a complete reversal of some of the government’s signature policies to set right. Among Mnangagwa’s key challenges will be to revive an... 

What is next for Zimbabwe? 

     23rd November 2017 As Zimbabwe enters the post-Mugabe era, Creamer Media Senior Deputy Editor Martin Zhuwakinyu tells Creamer Media’s Chanel de Bruyn more about Zimbabwe’s new interim President Emmerson Mnangagwa and what changes he may implement to reignite economic growth in the country. 

African operations shine as PPC delivers higher H1 earnings

By: Natasha Odendaal     23rd November 2017 Cement producer PPC produced double-digit earnings for the first half of the 2018 financial year, with the JSE-listed group’s rest of Africa cement operations delivering a shining performance. For the six months ended September 30, net profit attributable to PPC shareholders increased by 188% to... 

Premier raises £1-milion in oversubscribed share offer

By: Megan van Wyngaardt     21st November 2017 Aim-listed Premier African Minerals received a strong response to its offer to raise £500 000 at 0.4p apiece, with the offer oversubscribed. The offer closed early when £1-milion was surpassed, with Premier now issuing 252-million shares, which will rank equally with the company's existing... 

WPIC forecasts yet another platinum deficit in 2018

By: Megan van Wyngaardt     21st November 2017 A global platinum deficit of 275 000 oz is expected in 2018, further reducing the availability of above ground stocks of the metal, which have contributed about 2.5-million ounces in the last year, the World Platinum Investment Council (WPIC) said on Monday. “[This] represents the sixth year that... 

Third biennial food and drink exhibition to be held in 2018

By: Simone Liedtke     17th November 2017 Conceptualised as a “for Africa by Africa” event, exhibition company Messe München South Africa (SA) will host the third biennial food and drink technology Africa (fdt Africa) exhibition from September 4 to 6 at the Gallagher Convention Centre in Johannesburg, South Africa, next year. 

Landmark projects help Esor to improve performance in tough market

By: Dylan Slater     17th November 2017 Despite challenging market conditions and a deteriorating market environment for the six months ended August 31, JSE-listed civils and construction group Esor recorded a “significant improvement” in its finances, with profit before tax of R3.1-million, compared with a loss recorded in February.... 

Companies from Amplats to StanChart on alert amid Zimbabwe coup

By: Bloomberg     15th November 2017 Companies are being vigilant over their operations in Zimbabwe after military vehicles descended on the capital of Harare and the army seized power, threatening President Robert Mugabe’s 37-year rule. Nedbank Group sent some South African employees home from Zimbabwe, the Johannesburg-based... 

Tongaat Hulett lifts H1 earnings by 5%

By: Anine Kilian     13th November 2017 JSE-listed Tongaat Hulett’s headline earnings grew by nearly 5% year-on-year to R661-million for the six months ended September 30. Diluted headline earnings a share rose to 573.8c a share during the half year, compared with 546.7c in the prior comparable period. 

As Mozambique marks historic Cahora Bassa transfer, attention shifts to big capex plan

By: Terence Creamer     13th November 2017 Hidroelectrica Cahora Bassa (HCB), the Mozambique concession company which operates the Cahora Bassa dam and the 2 075 MW hydropower plant, is poised to move into a period of sustained investment, having settled all debt associated with the 2007 transfer of ownership of the scheme from Portugal... 

South Africa crucial to global chrome supply, Chromium 2017 hears 

By: Martin Creamer     10th November 2017 South Africa is an irreplaceable supplier of chrome ore and ferrochrome, which is, in turn, an irreplaceable component of China-dominated stainless steel production, global delegates to last week’s well-attended Chromium 2017 conference heard. South Africa, as the dominant global chrome producer,... 

Caledonia to extend depth of Blanket mine’s Central shaft

By: Creamer Media Reporter      10th November 2017 TSX- and Aim-listed Caledonia mining is planning to extend the depth of the Central shaft at its 49%-owned Blanket mine, in Zimbabwe, by 250 m to 1 330 m. The extension, which will cost about $18-million, is expected to be commissioned by the first quarter of 2020. 

Prospect gets development option for Zim lithium project

By: Esmarie Swanepoel     10th November 2017 Lithium and gold-focused Prospect Resources has inked a conditional placement and framework agreement with Hong Kong based Sinomine Resources Exploration to fully fund the construction of the Arcadia lithium project, in Zimbabwe. Prospect on Friday reported that Sinomine would invest... 

Local bearings company experiences growth in food production sector

     10th November 2017 Local bearings distributor Bearings International (BI) has experienced rapid growth in the food production industry. The company says food production security is important, especially given how harsh and dynamic an environment the South African agricultural industry operates in at present.... 

Zimbabwe renames main airport after Mugabe, plans $153m upgrade

By: Reuters     9th November 2017 Zimbabwe will upgrade its main airport at a cost of $153-million in an effort to attract more visitors, state media reported on Thursday, as authorities renamed the airport in honour of 93-year-old President Robert Mugabe. Harare International Airport will from Thursday be known as Robert Mugabe... 

Mining Weekly Print Magazine 

By: Creamer Media Reporter      9th November 2017 Mining Weekly is a weekly print magazine that is published each Friday. It’s read by over fifty thousand people every week.  The magazine is distributed to the business premises of our subscribers, and can also be found at retail outlets. It’s also distributed at business lounges in airports in... 

Engineering News Print Magazine 

By: Creamer Media Reporter      9th November 2017 Engineering News is a weekly print magazine that’s published every Friday. It’s read by over fifty thousand people each week.  The magazine is distributed to the business premises of our subscribers, and can also be found at retail outlets. It’s also distributed at business lounges in airports in... 

Zimbabwe invites investment in underground chrome mining 

By: Martin Creamer     8th November 2017 Zimbabwe on Wednesday invited investors to focus on underground chromium operations rather than cheaper strip mining operations, from which most of the country’s chromium ore is currently extracted. In a keynote opening address to the 33rd Chromium Conference, which is being held in South Africa,... 

Bristow, Friedland may go head-to-head in on-stage copper-gold debate

By: Martin Creamer     7th November 2017 Dr Mark Bristow of Randgold Resources and Robert Friedland of Ivanhoe Mines may go head-to-head in a live on-stage gold-versus-copper debate at the Investing in African Mining Indaba event at the Cape Town International Convention Centre from February 5 to 8, Mining Indaba MD Alex Grose disclosed... 

PPC expects earnings to rise as Africa business grows

By: Megan van Wyngaardt     7th November 2017 JSE-listed construction materials company PPC, which is currently the takeover target of LafargeHolcim and AfriSam, on Tuesday reported that it expects an uptick in its earnings before interest, taxes, depreciation and amortisation (Ebitda) of between 3% and 6% for the half-year ending September... 

Chinese truck brand aims to grow SA sales as it expands offering

By: Irma Venter     3rd November 2017 Powerstar sold around 420 trucks in South Africa last year, with the Chinese brand aiming for 500 units this year, says Everstar Industries CEO Bob Wang. The growth will come from the brand expanding its product portfolio from the extra-heavy and heavy commercial vehicle (EHCV, HCV) segments to... 

Rustenburg picks up, Marula turns, fatalities sadden – Implats

By: Martin Creamer     31st October 2017 Improved efficiencies and production levels at the Impala Rustenburg mine coincided with a turnaround at the Marula mine in the three months to September 30, Impala Platinum Holdings (Implats) said on Tuesday, when it expressed disappointment at five fatalities at Impala Rustenburg and one at... 

Zim project produces first known battery grade lithium carbonate in Southern Africa

By: Ilan Solomons     31st October 2017 Junior miner Prospect Resources has produced battery grade lithium carbonate from its Arcadia petalite project, in Zimbabwe, the company announced on Tuesday. The lithium carbonate with a purity 99.5% was produced in the company’s custom laboratory, Kwekwe, in Zimbabwe. 

Transnet looking abroad for growth as it again pares back South Africa capex 

By: Terence Creamer     30th October 2017 State-owned freight logistics group Transnet continues to pare back its investment portfolio in the South African, which is expected to grow by less than 1% in 2017. The group, which operates rail, port and pipelines businesses, expects to invest R229.2-billion over the coming seven years,... 

Ivanhoe agrees to rehabilitate critical rail line in DRC

By: Natasha Odendaal     30th October 2017 TSX-listed Ivanhoe Mines is preparing to rebuild the 34 km of rail track that connects the Kipushi zinc/copper/silver/germanium mine with the Democratic Republic of the Congo’s (DRC’s) national railway at Munama, south of Lubumbashi. Under terms of a memorandum of understanding (MoU) with DRC... 

M&C Refurbish Massive Mill Motor For Freda Rebecca In Zimbabwe

     30th October 2017 The largest AC electric motor operating in Zimbabwe drives a reduction mill, and this synchronous motor was recently refurbished by leading rotating machinery repairer, Marthinusen & Coutts, a division of ACTOM. Estimated to be around 30 years old, the 2150 kW synchronous mill motor, which was in... 

IMF says rising debt, political risk dim sub-Saharan Africa's economic outlook

By: Reuters     30th October 2017 Economic growth is expected to rise to 3.4% in sub-Saharan Africa next year from 2.6% in 2017, the IMF said in a report on Monday, but warned that rising debt and political risks in larger economies would weigh down future growth. Nigeria and South Africa are the biggest economies in Africa south... 

Cynthia Pongweni

     27th October 2017 This week Engineering News features Cynthia Pongweni, the financial director of Mineworkers Investment Corporation, an investment holding company   

Steady demand for customisable stainless steel products

By: Robyn Wilkinson     27th October 2017 Owing to its strong reputation for customisable turnkey solutions, there is steady and strong demand for stainless steel processing equipment manufacturer Anderson Engineering’s products throughout the African markets that it serves, says Anderson Engineering deputy MD David Nienaber. 

Steel company raises the bar in Africa with new technologies

By: Robyn Wilkinson     27th October 2017 Taking a long-term view that predicts significant growth in demand for stainless steel products in Africa in the next few years, steel supplier and processing company Allied Steelrode has invested in advanced processing technologies that will cement its position as a market-leader in product... 

South Africa to upgrade ports of entry to boost regional trade, says Gigaba

By: African News Agency      25th October 2017 South African Finance Minister Malusi Gigaba on Wednesday said government was planning to upgrade the country’s key ports of entry in a bid to improve regional trade and curb slow economic growth. Gigaba said that there were many opportunities across the Sub-Saharan African region that South... 

Company expands African footprint to pursue major projects

By: Robyn Wilkinson     20th October 2017 Despite slowing economic growth, political challenges and associated declining investor confidence in many parts of Africa, global project management consultancy Turner & Townsend continues to strengthen its network on the continent as it pursues major projects in mining, oil and gas,... 

New business model drives group’s resurgence in Africa

By: Robyn Wilkinson     20th October 2017 Economic growth in Africa is ensuring a steady demand for infrastructure development and by tailoring its business model to access this demand, engineering services provider ELB Group has enhanced its activities on the continent and announced a return to profitability. 

Vast Resources reports higher output

By: Creamer Media Reporter      16th October 2017 UK-headquartered Vast Resources on Monday reported stronger operational results from its mines in Romania and Zimbabwe, with third-quarter tonnes mined, milled and copper and gold production outperforming the previous quarter. The Manaila polymetallic mine, in Romania, delivered an “exceptional... 

Self-starters share secrets to success in the South African mining sector

By: Ilan Solomons     13th October 2017 There are many ways for entrepreneurs to enter the mining industry, including as project developers, service providers and product suppliers – all of which hold great opportunities and challenges, states mining investment advisory company MX Mining Capital Advisors director Dr Mike Seeger. The... 

Powertech Switchgear land a big deal with Eskom

     13th October 2017 The tender for Eskom’s distribution and transmission MV AIS switchgear was issued in 2015 and Powertech Switchgear seized the opportunity to submit on tender obligation. The tender was awarded in March 2017 and Powertech Switchgear managed to gain five years of supply. Eskom requirement is to... 

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