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Barrick Gold eyes assets, exploration as it plots new phase 

By: Bloomberg     17th November 2018 Barrick Gold, soon to become the world's largest bullion miner, is interested in adding more copper assets as long as the red metal is accompanied by bullion, executives said on Friday. Barrick, which expects to complete its $6.1-billion takeover of Randgold Resources January 1, outlined plans... 

Edenville secures its largest coal order yet

By: Tasneem Bulbulia     9th October 2018 Edenville Energy has signed a “significant” two-year contract with an industrial group operating in East Africa for the supply of a specialised coal product. The contract is for the supply of 3 500 t a month of coal, with an option for the customer to increase this to up to 6 000 t a month. 

Edenville secures another offtake deal

By: Creamer Media Reporter      8th October 2018 Aim-listed Edenville Energy has signed an offtake deal to supply an industrial customer in East Africa with 300 t a month to 500 t a month of coal for two years. Edenville has been working with the customer throughout this year to create a product specifically suited to the customer's operations... 

Mathunjwa calls on govt to implement more socialist policies to retain jobs

By: Nadine James     4th October 2018 South Africa should transition from a constitutional democracy to a “social democracy” and implement more socialist policies to retain jobs in the mining sector, suggests Association of Mineworkers and Construction Union (AMCU) president Joseph Mathunjwa. Speaking on the second day of the Joburg... 

Local manufacturer showcases full-scale solutions at Electra

4th September 2018 Nelspruit-based Electro Systems, which supplies both locally manufactured and type-tested modular enclosures from Danish manufacturer Logstrup, will showcase its three Electro Systems divisions at this year’s Electra Mining Africa exhibition. The company hopes to broaden its exposure and brand... 

Advisian quickly becoming an advisor of choice in transport and master planning

By: Creamer Media Reporter      7th August 2018 Transport infrastructure is a primary driver for expanding trade and sustainable development throughout the EMEA region. This is particularly the case in the SSA (sub-Saharan African) and MENA (Middle East and North Africa) regions, where the integration of transport infrastructure with new... 

S African company supplies four hoppers to Kenyan port

By: Halima Frost     3rd August 2018 South Africa-based equipment supplier BLTWORLD has assisted in supplying four materials handling specialist SAMSON Eco-Hoppers to the Kenyan Port of Mombasa, in June this year. Acquiring the hoppers is part of the Mombasa Resilient Infrastructure Programme (MRIP) initiative by the Kenya Ports... 

Goldplat FY18 financials expected to be in line with market expectations

By: Simone Liedtke     30th July 2018 Aim-listed gold producer Goldplat expects its consolidated profit, before tax, for the financial year ended June 30, to be in line with market expectations, despite Kilimapesa Gold (KPG) having experienced a poor final quarter financially. While Kilimapesa Plant 1 was shut down during the final... 

Oando financials thrive on back of high-demand, low-supply oil environment

By: Marleny Arnoldi     27th July 2018 JSE-listed Nigerian energy group Oando reported a solid financial footing for the first half of the year on the back of higher oil prices as a direct consequence of increasing demand and lower supply. Higher oil prices, and the resolution of joint venture funding challenges with the Nigerian... 

Shanta three months ahead of plan to reduce costs

By: Simone Liedtke     10th July 2018 East Africa-focused gold miner Shanta Gold is three months ahead of its plan to reduce costs by $7-million on an annualised basis. Since announcing its target to reduce annualised costs by a further $2-million in January, the Aim-listed company has achieved an additional $2.1-million of recurring... 

Shanta Gold achieves exploration objectives at Singida gold mining project

By: Simone Liedtke     4th June 2018 Aim-listed Shanta Gold has achieved its objective of the 1 600 m reverse circulation drilling programme, which targeted two of the seven key targets at its Singida project, in Tanzania, to upgrade resources from the inferred to the measured and indicated (M&I) categories. The M&I resources have... 

Resolute buys into Sudan ‘gold rush’ with Orca stake

By: Esmarie Iannucci     28th May 2018 ASX-listed gold miner Resolute Mining has made a A$22.5-million investment in TSX-listed Orca Gold, subscribing for 32.4-million shares in the Canada-based, but Africa-focused company. The share placement, which is priced at C$0.675 a share, will give Resolute a 15% interest in Oca. The shares... 

East Africa Metals continues to explore Ethiopia

25th May 2018 Mineral exploration company East Africa Metals will continue to explore highly prospective areas in the immediate vicinity of the Terakimti gold project, Mato Bula copper and Da Tambuk gold deposit areas, in Ethiopia. This work will be concurrent with an on-going development review and assessment... 

Sub-Saharan Africa GDP uptick predicted on stable oil and metal prices

By: Nadine James     27th April 2018 Sub-Saharan Africa’s growth is projected to reach 3.1% in 2018, and to average 3.6% in 2019/20, reports a biannual analysis of African economies conducted by the World Bank, Africa’s Pulse, which was released by the international finance organisation last week. The growth forecasts are premised... 

Shanta records maiden profit following strategy implementation

By: Natasha Odendaal     16th April 2018 Aim-listed Shanta Gold turned the profit tide in the year ended December 31, 2017, posting a maiden profit after tax of $4.2-million, compared with the 2016 loss after tax of $8-million. The East Africa-focused gold producer, developer and explorer posted an operating profit for the year of... 

Latest drilling results show potential to upgrade Singida economics

By: Anine Kilian     9th April 2018 East Africa-focused Shanta Gold has reported positive reverse circulation (RC) drilling results at its Singida project, in Tanzania.  Encouraging mineralised drilling intersections achieved include 10 m at 20.82 g/t of gold from 138 m, including 3 m at 57.13 g/t. 

Plug-and-play IoT edge gateway launched for industry, mining

By: Schalk Burger     6th April 2018 Information technology (IT) hardware multinational DellEMC and local Internet of Things (IoT) developer IoT.nxt have launched an edge computing device, called the Raptor, which enables businesses to deploy an IoT network in their operational environments to integrate existing sensors and... 

Resolute invests in explorer with DRC gold rights

By: Esmarie Iannucci     4th April 2018 Australian gold producer Resolute Mining has taken a 27% interest in Canadian explorer Loncor Resources through a C$2.6-million subscription placement and a C$2.5-million share swap. The agreement will see Loncor acquire full ownership of two companies in the Democratic Republic of Congo (DRC)... 

SA mining outlook improves, regulatory changes still required

By: Jessica Oosthuizen     2nd March 2018 The current outlook for the mining industry is better than it is has been for some time, says law firm Cliffe Dekker Hofmeyr mining head Allan Reid. Reid, who attended the 2018 Investing in African Mining Indaba, held in Cape Town last month, comments that the general mood at the event was... 

Exxon to quit Russian oil ventures frozen by US sanctions

By: Bloomberg     1st March 2018 Exxon Mobil said it’s abandoning joint ventures with Russia’s Rosneft PJSC after international sanctions against the nation’s energy sector paralysed a historic drilling project. Exxon’s decision to quit its biggest exploration region was made late last year as the US expanded sanctions, the... 

Russians, Saudis may go beyond oil alliance with LNG project

By: Bloomberg     15th February 2018 Russia and Saudi Arabia are seeking ways to amplify the success they’ve had working together to manage the oil market by reaching new energy deals, including one on liquefied natural gas. Signing a memorandum, Russian gas producer Novatek and Saudi oil giant Aramco agreed to consider teaming up... 

M&R committed to deliver sub-Saharan power and water prospects as mega-project era draws to close 

By: Creamer Media Reporter      14th February 2018 The Power & Water business platform within JSE-listed engineering and construction group Murray & Roberts (M&R) is beginning to shift its attention from Eskom’s two megascale power station projects, in Limpopo and Mpumalanga respectively, to tackling a range of smaller opportunities in various... 

Mining essential to human progress – Rio Tinto

By: Martin Creamer     5th February 2018 The images of large yellow mine trucks flashed across the big screen at this year’s Mining Indaba looked pretty ordinary. But that misperception was quickly cut short when Rio Tinto CE Energy and Minerals Bold Baatar told the full-house audience: "What you're watching are robots on wheels.... 

Shanta expects to produce up to 88 000 oz of gold this year

By: Megan van Wyngaardt     18th January 2018 East Africa-focused gold developer Shanta Gold’s New Luika mine, in Tanzania, produced 21 288 oz of gold in the three months ended December 31, a quarter-on-quarter increase of 17%. This brought the Aim-listed miner’s full-year production to 79 585 oz, in line with its 80 000 oz guidance, but... 

Edenville sees increase in coal demand from East African customers

By: Anine Kilian     8th January 2018 Aim-listed Edenville Energy has seen an increase in requests to provide coal to clients in East Africa, which could boost its monthly revenue. The company, which recently commissioned the Rukwa coal project, in Tanzania, supplies the bulk of its coal to clients in the East Africa region.... 

Continued focus on downstream development

By: Donald Makhafola     8th December 2017 The stage is set for the expansion of copper mining activities across the Copperbelt to take advantage of the 20-million tonnes of unmined copper in the region, nonprofit organisation Copper Development Association Africa (CDAA) director Levine Warries tells Mining Weekly.   

Copperbelt development driven by Cobalt

8th December 2017 The African Copperbelt is experiencing a resurgence of activity following the commodity slump of recent years, says Copper Cobalt Africa Conference chairperson Kathy Sole.   

Political tension slows mining activity in Tanzania

By: Victor Moolman     10th November 2017 Despite the fact that political tension in Tanzania has impacted the mining industry, with several operations subsequently closing, SEW-EURODRIVE continues to have a strong presence in the country, with Tanzania as its main hub for East Africa. SEW-EURODRIVE South Africa national sales manager... 

KSB Pumps & Valves

27th October 2017 East Rand-headquartered KSB Pumps & Valves is an original-equipment manufacturer of technologically advanced pumps, valves and related products for the water, sewerage, chemicals, petrochemicals, mining and building services sectors, among others. Since its establishment in 1959, the company has... 

Shanta expects new strategy to bolster future quarters

By: Natasha Odendaal     19th October 2017 Aim-listed Shanta Gold expects to deliver a stronger operational and financial performance during the next few quarters as it shifts into a new strategy of improving profitability and reducing debt following legislative changes in Tanzania. The East Africa-focused gold producer, developer and... 

Building presence in East Africa through Tanzanian office

13th October 2017 Drive engineering specialist SEW-Eurodrive is adding to its existing presence in Tanzania, its main hub in Eastern Africa, by opening a new office in Kenya and starting a recruitment drive in Burundi and the Democratic Republic of Congo (DRC). SEW-Eurodrive’s Tanzanian branch, in Der Es Salaam,... 

Mining licence submitted for Fungoni

13th October 2017 ASX-listed Strandline Resources has submitted the mining licence application for its Fungoni heavy mineral sands (HMS) project, in Tanzania, to the Ministry of Energy and Minerals. The application has been prepared in light of the advanced engineering work conducted to date as part of the... 

Edenville expects washed coal production at Rukwa within a week

By: Schalk Burger     4th October 2017 Production of washed coal from the Rukwa coal project, in south-west Tanzania, is expected to start later this week, Aim-listed thermal coal company Edenville Energy announced on Wednesday. The company plans to produce 5 000 t of washed coal in October, and aims to ramp this up to at least 10 000... 

Deterrence, prevention critical for miners in fight against fraud

By: Henry Lazenby     18th September 2017 Fraud is a significant burden on the mining industry and is likely to cost companies an average of 5.85% of turnover every year. Therefore, catching it before it happens is often the best weapon to combat this scourge. This figure is based on 20 years of data across more than 40 sectors,... 

Shanta firms up operations and management structures

By: Natasha Odendaal     5th September 2017 Following a business review in the wake of legislative changes in Tanzania, Aim-listed Shanta Gold is optimistic of emerging with a leaner cost structure, an enhanced focus on increased cash generation, greater internal Tanzanian leadership and reduced financial risk. With new initiatives in... 

Prominent diamond miner invests in Botswana’s people

1st September 2017 Diamond mining major De Beers announced in August that it has secured a $3-million, three-year partnership with tertiary education entity US-based Stanford Graduate School of Business (GSB) to empower young entrepreneurs and established business owners in Botswana, Namibia and South Africa. The... 

Edenville signs coal marketing deal with UK firm

By: Creamer Media Reporter      29th August 2017 Aim-listed Edenville Energy, which is developing the Rukwa coal project, in Tanzania, has entered into a nonexclusive two-year coal marketing agreement with a UK firm. The firm, which will be responsible for introductions, liaison and, where appropriate, management of coal sales and delivery, has... 

Tanzania’s 55% share of mine revenue ‘pretty generous’ – AngloGold  

By: Martin Creamer     21st August 2017 The share of revenues that the government of Tanzania has received from the Geita gold mine is “pretty generous” when compared with what shareholders have received, AngloGold Ashanti CEO Srinivasan Venkatakrishnan said on Monday when the company reported an adjusted headline loss of $93-million,... 

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