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CIG narrows interim loss, but remains under pressure

By: Simone Liedtke     14th August 2020 Construction company Consolidated Infrastructure Group (CIG) expects to report a headline loss a share of between 91c and 137c for the six months ended June 30. This will be an improvement of between 67% and 78% compared with the headline loss a share of 417c reported for the six months ended... 

Netcare Hospital uses Kwikspace units for COVID-19 testing

By: Creamer Media Reporter      14th August 2020 Kwikspace has supplied two modular buildings to Netcare Kuilsriver Hospital in Cape Town to be used as COVID-19 screening facilities; the units were manufactured and delivered in just three weeks. The hospital required additional testing facility space as patients were previously being screened... 

Islamic State-linked fighters seize Mozambique LNG port town

By: Bloomberg     14th August 2020 Fighters linked to Islamic State took control of a northern Mozambican port town that’s been a key logistics link for a $23-billion natural-gas project that Total is building, according to Risk Advisory Group. It’s the third time this year the insurgents have seized Mocimboa da Praia, located... 

Report reveals minigrid benefits for Africa

By: Donna Slater     14th August 2020 Minigrid electricity developer industry association, the Africa Minigrids Developers Association (Amda), on August 13 launched its 'Benchmarking Africa’s Minigrids' report, which finds that minigrids outperform utilities in terms of affordability, with average installed costs of $733 a... 

Lucapa defers debt repayments

By: Esmarie Iannucci     14th August 2020 Diamond miner Lucapa has struck an agreement with its major financiers and shareholders Equigold and New Azilian, as well as the external financier for the Mothae project, the Industrial Development Corporation of South Africa, to defer some $13-million in loan repayments from 2020 and 2021, to... 

Australian billionaire woos Canadians, hoping to build big coal mine in Rocky Mountains

By: Reuters     14th August 2020 Australian mining magnate Gina Rinehart's Hancock Prospecting is hoping a charm offensive, from annual fundraising parties to local refurbishments at a golf course, will help overcome opposition to a massive new coal mine in Canada’s Rocky Mountains. Hancock unit Riversdale Resources’ Grassy... 

US Gold gains ‘industry leading’ shareholders with exploration project buy

By: Mariaan Webb     13th August 2020 Gold exploration and development company US Gold has closed the acquisition of Nevada-based Northern Panther Resource Corporation in an all-share transaction pursuant to a merger agreement. Northern Panther's principal asset is the Challis Gold exploration project – an exploration project in... 

Horizonte tasks five banks to arrange $325m for Araguaia

By: Mariaan Webb     12th August 2020 Aim- and TSX-listed Horizonte Minerals has executed a mandate to arrange a senior project finance facility of up to $325-million to fund the construction and development of its Araguaia ferronickel project, in Brazil. A syndicate of five international financial institutions, including BNP... 

Livent CEO to EV industry: sign better deals or risk lithium supply

By: Reuters     11th August 2020 The electric vehicle industry must pay more for lithium in order to spur investment and prevent future supply crunches of the battery metal, the CEO of lithium producer Livent has said. Demand for EVs is expected to surge in coming years, spurred in part by government mandates, rising concern... 

Teck to re-start work at Quebrada Blanca 2 copper project in Chile

By: Reuters     11th August 2020 Canada's Teck said on Monday it would reinitiate work on its Quebrada Blanca phase 2 copper project in Chile after shutting it down in March because of the novel coronavirus outbreak. Teck vice president Amparo Cornejo said in a Chilean mining forum that the company was working closely with... 

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