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Shanta achieves strong first-quarter performance

By: Tasneem Bulbulia     18th April 2019 East Africa-focused gold producer Shanta Gold had a strong start to 2019 – with the quarter ended March 31 having been its best opening quarter in three years in terms of production. Its costs were also well below guidance. 

Kibo appoints Wimmer as adviser for African project financing

By: Tasneem Bulbulia     17th April 2019 Kibo Energy has signed a corporate finance engagement letter with Wimmer Financial, which will advise Kibo on and manage all aspects related to the structuring and provision of a project finance corporate credit line facility of up to $900-million which could form part of a broader funding... 

thyssenkrupp combines standard engineering with software development to offer a holistic Liquid Fuel Storage solution

17th April 2019 Stepping into the Engineering 4.0 space, Process Industries, a business line within thyssenkrupp Industrials, delivers turnkey project solutions, from pre-feasibility studies through to full operation, for Africa’s Liquid Fuel Storage sector. “Having looked closely at this market, we have... 

Armadale progresses towards DFS, mining permit for Mahenge graphite project

By: Marleny Arnoldi     16th April 2019 Aim-listed Armadale Capital expects a definitive feasibility study or its Mahenge Liandu graphite project, in Tanzania, to be completed in the fourth quarter. Remaining work, including product marketing, developing transport and logistics pathway and a resource update, is under way.  

Rolfes Pigments eyes expansion into Southern Africa

16th April 2019 Rolfes Pigments, a division of JSE listed, Rolfes Holdings, says it is expanding into key fast-growing African economies as part the company’s overall growth strategy and evolving business model.  As market leaders in the supply of pigments into the paint, printing ink, plastics, and construction... 

Acacia reports 13% lower gold production for the first quarter 

By: Simone Liedtke     15th April 2019 Gold miner Acacia Mining on Monday reported gold production of 104 889 oz for the first quarter of this year, a 13% year-on-year decrease mainly as a result of lower output at the North Mara and Buzwagi mines. Gold ounces sold for the quarter, at 104 985 oz, were, however, in line with production. 

Petra Diamonds' new CEO to work on strategy, seeks stability first 

By: Reuters     15th April 2019 African miner Petra Diamonds, which has high debt levels, aims to be cash flow positive in the second half of the year and will then be able to consider future developments, its new chief executive said on Monday. The company's share price has fallen 55% since the start of the year as weak... 

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... 

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