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Africa’s air cargo sector needs trade and aviation liberalisation to reach full potential

By: Rebecca Campbell     19th April 2019 In early February, the International Air Transport Association (IATA) released its global air freight data for the whole of 2018. Although worldwide demand, measured in freight (metric) ton kilometres (FTKs) rose by 3.5% in comparison to 2017, it was far below 2017’s 9.7% growth. And demand... 

South32 coking coal output down 37%, energy coal hit by community protests  

By: Esmarie Iannucci     18th April 2019 Diversified miner South32 has lowered its energy coal and alumina production expectations for the full year, following a tough March quarter. Energy coal production for the quarter declined by 1% on the previous quarter, to 6.3-million tonnes, while metallurgical coal production was down 37% to... 

Ncondezi receives shareholder loan conversion notice

By: Simone Liedtke     18th April 2019 Aim-listed Ncondezi Energy has received a shareholder loan conversion notice for 764 165 shares from lenders to be converted at a conversion price of 10p a share. Admission of these shares on Aim is expected to take place on April 26. 

RBR welcomes Chevron’s reported plan for Mozambique LNG project

By: Tasneem Bulbulia     15th April 2019 RBR Group expects to benefit from Chevron Corporation’s plans to proceed with the proposed Area 1 liquefied natural gas (LNG) project, in Mozambique. It was announced last week that Chevron would acquire Anadarko Petroleum Corporation, which is the operator of the Area 1 LNG project, for... 

Supportive policy held up as key to unlocking Africa’s auto ambitions 

By: Irma Venter     12th April 2019 Policy certainty and flexible thinking will play an important role as Africa increasingly look to the automotive industry to grow its industrialisation footprint, says Thomas Schaefer, chairperson and MD at Volkswagen Group South Africa (VWSA), as well as chairperson of the African Association of... 

Supportive policy held up as key to unlocking Africa’s auto ambitions

By: Irma Venter     12th April 2019 Policy certainty and flexible thinking will play an important role as Africa increasingly look to the automotive industry to grow its industrialisation footprint, says Thomas Schaefer, chairperson and MD at Volkswagen Group South Africa (VWSA), as well as chairperson of the African Association of... 

A region in mourning

By: Martin Zhuwakinyu     12th April 2019 Southern Africa is in mourning. More than 1 000 people have perished since the tropical cyclone, Idai, lashed parts of Malawi, Mozambique and Zimbabwe last month. The toll will likely increase, as scores have been missing for weeks and hopes are fading that they are still in the land of the... 

Kenmare achieves solid production at Moma in March quarter

By: Tasneem Bulbulia     11th April 2019 Kenmare Resources recorded “robust” production at its Moma titanium minerals mine, in northern Mozambique, during the quarter ended March 31, benefitting from an increased contribution from the wet concentrator plant (WCP) B following the upgrade work completed in 2018, Kenmare MD Michael Carvill... 

World Bank puts Mozambique's economic losses from Cyclone Idai at up to $773m

By: Reuters     11th April 2019 The World Bank estimates the direct economic losses from Cyclone Idai in Mozambique to range from $656-million to $773-million, covering damage to buildings, infrastructure and agriculture, a note sent out via the United Nations said on Thursday. In the note, dated April 4, the World Bank said... 

Engineering innovation to help relief cyclone-stricken Mozambique

10th April 2019 The catastrophic Cyclone Idai, was one of the worst tropical cyclones on record to affect Africa and the Southern Hemisphere as a whole. The long-lived storm caused catastrophic damage when it hit Mozambique, Zimbabwe and Malawi earlier in March, leaving more than 800 people dead and hundreds... 

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