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Transnet delivers on its Africa strategy

By: Simone Liedtke     Updated 8 minutes ago State-owned Transnet's Diaspora Infrastructure Development Group (DIDG) Consortium on Wednesday delivered rolling stock to the National Railways of Zimbabwe (NRZ) to strengthen regional integration, trade and the recapitalisation of the Zimbabwean railway programme. This transaction between a... 

Zimbabwe, Botswana set to sign diamond deal – report

By: News24Wire      19th February 2018 Zimbabwe is reportedly set to sign a diamond processing deal with Botswana within the next three months, after President Emmerson Mnangagwa met with his counterpart, President Ian Khama, this week in Gaborone. According to the state-owned Herald newspaper, Mnangagwa was in Botswana on a state visit. 

Sound policy, low risk key to attracting mining investment

By: Henry Lazenby     16th February 2018 Gobal equity markets have been extremely volatile in recent weeks, extending a frantic sell-off of US stocks, which culminated in the steepest plunge for the Dow Jones Industrial Average in six-and-a-half years. While commodities were not spared from the rout, American multinational investment... 

PPC to pay particular attention to its financial position in 2018

By: Simone Liedtke     15th February 2018 While Johan Claassen, who was, on Wednesday, appointed permanent CEO of PPC, does not foresee any major changes for the company this year, he notes that particular attention will be paid to the company's financial position this year. This, he explained to Engineering News Online, falls in line... 

ANC welcomes Zuma's resignation

By: News24Wire      15th February 2018 The African National Congress (ANC) on Thursday night accepted President Jacob Zuma's resignation as head of state. Speaking shortly after the resignation, deputy secretary general Jessie Duarte said Zuma's decision to resign was consistent with his organisation. 

America to consider Zimbabwe’s eligibility for Agoa this year

By: Terence Creamer     13th February 2018 The US government will consider Zimbabwe’s eligibility for the trade benefits it extends under the Africa Growth and Opportunity Act (Agoa) during 2018, the State Department’s acting director for economic and regional affairs Harry Sullivan said during a telephonic briefing on Tuesday. Since Agoa... 

Mugabe's fall has veteran miners jockeying for Zimbabwe comeback

By: Bloomberg     13th February 2018 Robert Mugabe’s fall as Zimbabwe president is setting the scene for the return of a London mining listing for Andrew Groves and his long-term business partner – and former England cricketer – Phil Edmonds. Groves is preparing to relist the pair’s Zimbabwe coal, chrome and gold assets in London... 

Michael Roberts

     9th February 2018 This week we feature Michael Roberts, CEO of Khonology, a technology services provider   

Political shifts lift investor mood in Southern African mining

By: Reuters     8th February 2018 Mining is a long-term game, but in Southern Africa dramatic political changes have transformed the investment mood for the better in the space of a year. Angola's Jose Eduardo dos Santos and Zimbabwe's Robert Mugabe stepped down in 2017 after a combined 75 years in office, while the election of... 

Zimbabwe to consider waivers on platinum, diamonds ownership law

By: Bloomberg     8th February 2018 Zimbabwe will consider applications from companies mining platinum or diamonds to be exempted from a requirement that they be at least 51% owned by black citizens of the country. The government wants companies to show they have a plan to achieve compliance before it will consider granting... 

Big Mining Indaba thinking for 2019’s quarter-century milestone

By: Martin Creamer     8th February 2018 This year’s Investing in African Mining Indaba has just ended here and the organisers are already putting their thinking caps on to make next year’s twenty-fifth anniversary of the event a grand affair. The names Cyril Ramaphosa, Elon Musk and the top who’s who of global and African mining are... 

Zimbabwe touts lithium, gold, diamonds potential at mining conference

By: African News Agency      7th February 2018 Zimbabwe's mineral resources have a huge potential to drive the economy in the future, with lithium, gold and diamonds seen leading the way, its mines minister Winston Chitando said. In a presentation to an annual conference on investing in African mining, running from February 5 to 8 in Cape... 

De Beers eyes Zimbabwe, Congo after gaining South African permits

By: Bloomberg     6th February 2018 De Beers may follow its resumption of exploration for diamonds in South Africa’s Northern Cape by looking in the longer term at opportunities in countries like Zimbabwe and the Democratic Republic of Congo. "I’m excited about what I’m seeing in Zimbabwe," said Phillip Barton, chief executive... 

Zest WEG Group 

     5th February 2018 The Zest WEG Group has a strong commitment to contributing to the development of the African region, and has been servicing the mining sector on the continent for more than 35 years.  

PPC supported by Africa growth, while local sales dwindle

By: Megan van Wyngaardt     2nd February 2018 Construction materials supplier PPC's revenue for the nine months ended December 31, 2017, improved on that of the prior comparable period, with interim CEO Johan Claassen noting on Friday that the company continued to make good progress in terms of its deliverables. However, PPC noted that the... 

New coal terminal planned for Beira could be a gateway to the east

By: Kim Cloete     2nd February 2018 A coal terminal planned for construction at Mozambique’s Beira port could be a gateway for imports and exports from the landlocked countries of Zimbabwe, Zambia, the Democratic Republic of Congo, Malawi and Botswana and could greatly boost coal exports to India. Essar Ports CEO Tej Nargundkar... 

Digitalisation major topic at railways expo and conference

     2nd February 2018 In line with trends such as the Internet of Things (IoT), big data and analytics and machine learning, digitalisation will play a major role in this year’s Africa Rail agenda. The conference will look at the innovative technologies and systems that are transforming the African industry and... 

Zimplats quarterly profit surges 69% on higher sales

By: Reuters     1st February 2018 Zimplats on Thursday reported a 69% rise in profit to $41-million for the quarter ended December, helped by the sale of platinum group metal stockpiles from the previous quarter and higher prices. Zimbabwe's largest platinum miner, which is 87% owned by Impala Platinum Holdings, sells platinum... 

Prospect raises $10m for Zimbabwe lithium mine development

By: Megan van Wyngaardt     31st January 2018 Southern Africa-focused lithium and gold mining and exploration company Prospect Resources has raised $10-million before costs, through an oversubscribed share placement of 166-million shares at 6c apiece. The ASX-listed company said on Wednesday that it would use the funds to accelerate the... 

Zimbabwe to take over steelmaker's $500m debt

By: Reuters     31st January 2018 Zimbabwe plans to take on about $500-million of debt owed by state-owned steelmaker Zimbabwe Iron and Steel Company (Zisco) to allow a new investor to revive the company. Zisco ceased production in 2008 at the height of Zimbabwe's economic meltdown, but under the Zimbabwe Iron and Steel Company... 

Zimbabwe's chamber of mines expects 2018 gold to rise to record high of 30 t

By: Reuters     30th January 2018 Zimbabwe’s gold production is projected to rise to a record 30 t this year as producers ramp up output, a chamber of mines official said on Tuesday. Pardon Chitsuro told a business meeting that platinum production would also rise to 15.5 t this year from 14.2 t in 2017. 

Rio-Carb is a one-stop shop for complete wear solutions

     29th January 2018 A number of innovations adopted successfully in 2017 has seen Rio-Carb become a one-stop shop for all wear solutions, in addition to supplying a range of wear materials.These innovations include modular chutes, the design of hybrid liner packages for haul trucks, upgraded liner packaging, and an... 

Crop munching pest in Africa raises hunger threat

By: Reuters     29th January 2018 A crop munching worm that can fly up to 100 km (60 miles) at night is spreading rapidly across Africa, threatening food production and the livelihoods of millions of farmers already struggling with conflicts and drought, experts said on Friday. The larvae form of fall armyworm prefers maize, but... 

Tharisa's Pouroulis meets Zimbabwe leader, seeks opportunities

By: Bloomberg     26th January 2018 Tharisa CEO Phoevos Pouroulis met Zimbabwe’s new President Emmerson Mnangagwa on January 18, as the Cyprus-based platinum and chrome mining company seeks opportunities in the country with the world’s second-biggest reserves of the metals. Pouroulis was accompanied to the meeting in Mnangagwa’s... 

IMF's Lagarde welcomes Mnangagwa's promise to revive Zimbabwe economy

By: Reuters     26th January 2018 IMF chief Christine Lagarde on Thursday welcomed a commitment by Zimbabwe's new President Emmerson Mnangagwa to stabilise the country's economy and work to improve relations with the international community. Lagarde met with Mnangagwa on the sidelines of the World Economic Forum in Davos,... 

Junior projects lighting bright path into Africa for ‘search and solve’ group

By: Martin Creamer     26th January 2018 Motor and controls manufacturer Zest WEG Group, which designs, manufactures, markets and installs electrical products and solutions across the full electrical spectrum, is achieving great success with its new specially crafted ‘pavement pounding, search and solve’ business model that ensures... 

Mining Indaba to provide ‘first-hand experience’ of return of investor appetite

By: Nadine James     26th January 2018 With commodity prices improving and the mining industry moving towards positive growth, indications are that participants at the Investing in African Mining Indaba 2018 will experience the “return of investor appetite” first-hand, says Mining Indaba MD Alex Grose. This renewed investor interest... 

Money no panacea for education’s ills

By: Martin Zhuwakinyu     26th January 2018 The excitement around the results of last year’s matric exams has now died down. Indeed, the class of 2017 gave a very good account of themselves, with those who sat for the exams at private schools notching up a 98.76% pass rate and their public-school counterparts 75.1%. Hats off to them. One... 

Zimbabwe's gold output rose to 24.8 t in 2017 – central bank

By: Reuters     24th January 2018 Zimbabwe's full year gold production rose to 24.8 t in 2017 from 22.7 t the previous year, the central bank's refining and printing subsidiary said on Wednesday. Gold is the southern African nation's top mineral export earner, with production rising in the last four years after small-scale and... 

Zimbabwe considers building gold, diamond reserves to back currency relaunch

By: Bloomberg     23rd January 2018 Zimbabwe’s new President Emmerson Mnangagwa said his government is considering building reserves of gold and diamonds to back the eventual relaunch of the country’s own currency. The nation abandoned the Zimbabwe dollar in February 2009 after an economic collapse saw inflation surge to about... 

Zimbabwe may scrap local ownership rule on platinum, diamonds

By: Bloomberg     23rd January 2018 Zimbabwe, which has the world’s second-biggest platinum reserves, may lift a requirement that companies mining the metal or diamonds must be at least 51%-owned by black citizens of the country, President Emmerson Mnangagwa said. Mnangagwa, who became president in November after Robert Mugabe... 

Botswana to spend $495m to extend power grid to northwest

By: Reuters     22nd January 2018 The Botswana Power Corporation (BPC) on Monday launched a P4.8-billion ($495-million) project to build an electricity transmission line to connect the northwest of the country, a centre of copper mining and tourism, to the national grid. Domestic consumers in the region currently rely on imports... 

Sula to pursue DRC cobalt opportunities as it changes name to African Battery Metals

By: Mia Breytenbach     19th January 2018 Multicommodity exploration and development company Sula Iron & Gold, which has changed its name to African Battery Metals (ABM), will now focus on developing its cobalt exploration licences in the Democratic Republic of Congo (DRC). Trading in the company’s shares under the new name started on... 

South African company building new smelter in Zimbabwe

By: Victor Moolman     19th January 2018 Foundry and engineering company Thos Begbie is working in the Great Dyke of Zimbabwe, close to the town of Shurungwi, where it is helping to construct the Unki platinum smelter, adjacent to a mining operation owned by platinum mining company Anglo American Platinum (Amplats). Thos Begbie was... 

SADC’s opportunity for atonement

By: Martin Zhuwakinyu     19th January 2018 The citizens of two Southern African Development Community (SADC) member countries – Zimbabwe and the Democratic Republic of Congo (DRC) – go to the polls this year in what this lowly journalist regards as a chance for the regional bloc to mend its tattered reputation. But whether this... 

Marathon mineral rights tangle goes to Constitutional Court

By: Martin Creamer     17th January 2018 The Constitutional Court of South Africa is being asked to pronounce on a marathon mineral rights entanglement that lower courts have failed to resolve. What the High Court proclaimed, the Supreme Court of Appeal overturned, and now Chinese subsidiary company Aquila Steel has applied to the... 

Zim govt flags Prospect’s lithium project as priority

By: Natasha Odendaal     17th January 2018 ASX-listed Prospect Resources’ flagship lithium deposit has been identified as a priority mining development by Zimbabwe’s Office of the President and Cabinet. The Arcadia lithium project has been selected following the new Zimbabwean government’s directive that the Ministry of Mines and Mining... 

Zimbabwe state diamond company to lift output 65% in 2018 – Minister

By: Reuters     15th January 2018 Zimbabwe’s state diamond company is expected to produce at least 3 million carats this year, up 65 percent from 1.8 million in 2017, the mines minister told parliament on Monday. Winston Chitando said the Zimbabwe Consolidated Diamond Company, which was formed in 2016 when the government banned... 

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