R/€ = 15.81 Change: 0.13
R/$ = 13.67 Change: 0.08
Au 1274.02 $/oz Change: -8.15
Pt 863.00 $/oz Change: -17.04


Kenya's Centum to finalise power plant funding this year

By: Reuters     13th June 2018 Kenya's Centum Investment Company said on Wednesday a $2-billion, 1 000 MW coal-fired power plant it has a stake in is expected to reach financial close this year. The Amu Power consortium that includes Centum, won a contract to build the plant in Lamu. The project has attracted criticism from... 

Energy company expects appropriate tariff from financial model review

By: Melissa Zisengwe     8th June 2018 Emerging Mozambican power development company Ncondezi Energy says the positive preliminary results from updated proposals from the engineering, procurement and construction (EPC), as well as operations and maintenance (O&M) contracts, for its integrated power and coal mine project indicate... 

Kibo moves into the Mozambican market

By: Marleny Arnoldi     6th June 2018 Aim- and JSE-listed Kibo Mining has signed a joint venture (JV) agreement with Mozambican energy company Termoeléctrica de Benga to participate in the further assessment and potential development of the Benga independent power project, in Tete, Mozambique.  

Major projects rely on SMEIPP expertise from Tubular

9th February 2018 Tubular’s expertise, resources and in-house self-sustainable facilities make the company the preferred choice for major capital projects requiring structural steelwork, mechanical, electrical, instrumentation, platework and piping (SMEIPP) solutions. Tubular are specialists in the supply of... 

Louis Meiring

By: Martin Creamer     2nd February 2018 This week Mining Weekly features Louis Meiring, the CEO of Zest WEG Group Africa, a company that designs, manufactures and installs electrical products and solutions for the mining industry 

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... 

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... 

A new era of batteries spells trouble for gas in America

By: Bloomberg     12th January 2018 California, the state that helped birth the global boom in battery-toting electric vehicles, is trying to spark a similar transformation for utilities. And that spells trouble for power plants all across the U.S. that run on natural gas. The California Public Utilities Commission approved an... 

Kibo Mining expects imminent signing of PPA

By: Megan van Wyngaardt     18th December 2017 Dual-listed coal-to-power project developer Kibo Mining on Monday said it expected to sign a final power purchase agreement (PPA) with the newly formed Tanzania Ministry for Energy for the Mbeya project in the first quarter of 2018. The company said this followed a “positive” briefing between... 

On-The-Air (01/12/2017) 

By: Martin Creamer     1st December 2017 A top French company flew into South Africa this week to herald a new technology era for mining; Australian mining company South32 will begin spending R4.3-billion this month on a life extension coal project in Mpumalanga; and The Australians this week came up with an earlier-than-expected... 

Various Moz mining projects making progress

By: Keith Campbell     24th November 2017 The Mozambican Government has approved a resolution authorising Capitol Resources, a subsidiary of British miner Baobab Resources, to undertake mining and related operations in the Chiúta district of Tete province, according to a statement by Cabinet spokesman Armindo Ngunga. The planned... 

Ncondezi signs non-binding agreement to develop Mozambique project

By: Anine Kilian     9th November 2017 Aim-listed solar energy equipment supplier Ncondezi Energy has signed a non-binding offer (NBO) with China Machinery Engineering Corporation (CMEC) and General Electric (GE) South Africa to develop, construct and operate the integrated Ncondezi 300 MW coal-fired power project and openpit coal... 

Arconic sinks on earnings miss; appoints former GE boss as CEO

By: Henry Lazenby     23rd October 2017 The New York-listed equity of alloy metals specialist Arconic dipped on Monday after the company reported disappointing third-quarter results. The New York-headquartered company revealed a headline profit of $132-million, or $0.25 a share, compared with $137-million in the comparable quarter of... 

Ncondezi enters into negotiations with GE, CMEC for mine development

By: Natasha Odendaal     20th October 2017 Aim-listed Ncondezi Energy has entered into negotiations with China Machinery Engineering Corporation (CMEC) and General Electric (GE) South Africa for the development, construction and operation of the integrated Ncondezi 300 MW coal-fired power project and openpit coal mine, in Tete,... 

Giant miner vies with Google, GE, for hires amid automation push

By: Bloomberg     22nd September 2017 Rio Tinto, the world’s second-largest mining company, is focused as much on driver-less trucks and automated drills as conventional shovels and loaders these days. That means it needs a whole lot more high-tech workers. The London-based company is stepping up efforts to lure engineers and... 

Kibo wins GE innovation award for Mbeya

By: Natasha Odendaal     8th September 2017 Aim- and AltX-listed Kibo Mining has been awarded the General Electric (GE) Innovative Project Development Deal of the Year 2017 for its Mbeya coal-to-power project, in Tanzania. The award was presented to the company in New York on Thursday. 

Humidity, moisture sensors see growth

8th September 2017 The need for optimal safety, high yield and combustion value to ensure process integrity is spurring double-digit growth and adoption of humidity and moisture sensors in various industries, including the mining and minerals processing industry, states market research company Frost & Sullivan.  

Isaac Tshabalala

By: Ilan Solomons     4th August 2017 This week we feature Isaac Tshabalala, the general manager and director of Gold One Inernational, the 2 700-employee, $150-million gold-mining company  

State capture casts long shadow over Eskom’s results  

By: Terence Creamer     19th July 2017 South Africa’s worst kept corporate secret was confirmed on Wednesday, when Eskom reported a sharp fall in after-tax profits to R888-million in 2017, from over R5-billion in the previous financial year. However, the results were overshadowed by serious allegations of corruption and... 

Transnet appoints Werksmans to probe locomotive corruption claims  

By: Terence Creamer     3rd July 2017 State-owned freight logistics utility Transnet reports that Werksmans Attorneys has been appointed to oversee a board-level probe into allegations of corruption relating to its purchase of locomotives from China South Rail (CSR). Opposition party the Economic Freedom Fighters (EFF) recently laid... 

On-The-Air (03/02/2017) 

By: Martin Creamer     3rd February 2017 A new junior mining fund is opening the way for small mining companies to enter the fray. I am going to sit up straight, because I’m sure many of our listeners also want to know more about this. 

Kibo receives integrated draft financial model for MCPP

By: Anine Kilian     1st December 2016 Tanzania-focused mineral exploration and development company Kibo has received an advanced draft of the integrated financial model for the Mbeya coal-to-power project (MCPP) from its financial advisers, Absa/Barclays. The model will be the subject of extensive review and further adjustment, based... 

Kibo, GE sign collaboration agreement

By: Anine Kilian     21st November 2016 Tanzania-focused mineral exploration and development company Kibo Mining has signed a collaboration agreement with General Electric International (GE), which will supply equipment, technology and services to the Mbeya coal-to-power project (MCPP) power plant. GE will also assist Kibo in... 

‘Blood gold’ in US cars, phones funds Marxist rebel armies

By: Bloomberg     16th November 2016 Deep in the jungles of Colombia, thousands of small, illegal mining operations, many under the control of Marxist guerrillas or drug traffickers, are working long hours to pull gold out of the ground. Miners are digging in out-of-the-way places such as Timbiquí and Río Quito. From there, the gold... 

Kibo receives final commercial bids for Mbeya project

By: Anine Kilian     1st November 2016 The final commercial bids for Kibo Mining’s Mbeya coal-to-power project’s (MCPP’s) engineering, procurement and construction (EPC) and original-equipment manufacturer (OEM) contracts were received from Sepco III and General Electric (GE) on October 31, the Tanzania-focused company announced... 

Kibo, Sepco agree development refund for MCPP

By: Natasha Odendaal     13th October 2016 Aim- and AltX-listed Kibo Mining and Chinese firm Sepco III have agreed that $10.94-million is a fair reflection of the Mbeya coal-to-power project (MCPP) development costs over the past four years. Upon the financial close of the MCPP, Sepco III will refund Kibo some 50%, or $5.49-million, of... 

Potential gains of ‘industrial Internet’ emphasised

By: Nadine James     23rd September 2016 Mining companies continue to face volatile commodity prices and challenging economic conditions, primarily due to lacklustre global demand, but the industrial Internet could be the solution, states diversified conglomerate General Electric’s (GE’s) mining solutions division, GE Mining. GE... 

Kibo appoints Absa as Mbeya Project’s financial adviser

By: African News Agency      22nd September 2016 Kibo Mining on Thursday said it had signed an advisory engagement letter with Absa Bank laying out the scope of work and terms under which it will act as financial advisor on the Mbeya Coal to Power Project (MCPP). Kibo is developing a 250 MW to 350 MW mouth-of-mine thermal power station in its... 

Kibo shares rise as its signs MoU with GE

By: Anine Kilian     16th September 2016 Kibo Mining's share price on the JSE and LSE rose by about 12% on Friday morning after it announced that it had signed a memorandum of understanding (MOU) with US multinational conglomerate General Electric (GE). GE and its subsidiaries will supply equipment, technology and services to the power... 

Control valves market value over $13m by 2022

5th August 2016 The global control valve market is expected to reach $13.67-million at a compound annual growth rate (CAGR) of 7.6% from 2016 to 2022, according to a new report published by Allied Analytics market research and business consulting wing, Allied Market Research. 

Death, strikes, rising costs show mining’s hard sell for new CEO

By: Bloomberg     9th June 2016 Wanted: Mining executive who can make money when prices and output fall, will halt skyrocketing costs, and is willing to accept a salary paid in one of the world’s weakest currencies. That’s the potential job description for whoever replaces Terence Goodlace as chief executive officer at... 

On-The-Air (08/04/2016) 

By: Martin Creamer     8th April 2016 Japan and South Africa are working on a solar plant that will produce hydrogen in this country for fuel cells. Government is intent on creating incentives for mines to benefit from investment in fuel cells. South Africa this week again demonstrated its capacity to build railway... 

On-The-Air (25/03/2016) 

By: Martin Creamer     25th March 2016 The major steps that South Africa is taking to boost its rail engineering capacity could win us billions of rands worth of export business in Africa. Australians are continuing to beat South Africans in the pursuit of new metals and minerals on our very own continent. Platinum miners... 

On-The-Air (19/02/2016) 

By: Martin Creamer     19th February 2016 The once mighty Anglo American was this week reduced to a pale shadow of its former self. Kumba Iron Ore is gaining investor attention as Anglo American unbundles it out of its cut portfolio Platinum, diamonds and copper are the only metals to survive the massive Anglo downsizing... 

PNG committed to help resource companies advance projects – PM

By: Esmarie Swanepoel     25th November 2015 The Papua New Guinea government is committed to work with the mining industry to advance key resources projects, including the Frieda River copper/gold project and the Wafi-Golpu gold project, Prime Minister Peter O’Neill said this week. ASX-listed Highlands Pacific and Guangdong Rising Asset... 

Banks offer up R12bn in Transnet deal as parastatal eyes R500bn spend over coming decade  

By: Natalie Greve     23rd November 2015 Boosting the coffers earmarked for its ambitious locomotive fleet acquisition programme, State-owned logistics group Transnet has announced the successful conclusion of a R12-billion club loan with five of the country’s major financial institutions, ratifying what the parastatal described as... 

On-The-Air (23/10/2015) 

By: Martin Creamer     23rd October 2015 Crippling new tax laws have been recommended for South Africa’s already maimed mining industry. Disillusioned investors are demanding radical changes to the way mining CEOs are incentivised. Transnet is setting out to penalise companies that have failed to meet their local-content... 

General Electric partners AMI to host Media Training on Energy and Infrastructure Coverage

22nd October 2015 Nairobi, 2nd October 2015- African Media Initiative (AMI) and General Electric (GE) have partnered to boost media coverage in Africa of Energy and Infrastructure issues.  

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