R/€ = 16.59 Change: 0.00
R/$ = 14.40 Change: 0.00
Au 1226.67 $/oz Change: -0.01
Pt 832.50 $/oz Change: 0.75


Kenya to establish gold refinery in bid to boost mining revenue

By: Bloomberg     19th October 2018 Kenya is seeking consultants for a feasibility study on a planned gold refinery in the East African nation’s western town of Kakamega, in a bid to boost earnings by small-scale miners. “The aim of the project is to improve the livelihoods of the beneficiary community, regional economy and that of... 

Tharisa may join Karo in $4.2bn Zimbabwe platinum project

By: Bloomberg     31st May 2018 Tharisa, the platinum and chrome miner run by the Pouroulis family, is considering investing in a $4.2-billion platinum project in Zimbabwe being developed by another company founded by the family. Tharisa would join Karo Resources, founded by mining entrepreneur Loucas Pouroulis, in building the... 

Tanzanite miner gets bill as Tanzania cracks down on lost mineral revenues

By: Reuters     17th May 2018 Tanzanian gemstone miner Tanzanite One has agreed to pay compensation and overdue taxes to the government after unspecified violations led to losses in public revenues, the President's office said. President John Magufuli's government accuses mining firms of cheating Tanzania out of its fair... 

Protesters demand Ethiopia cancel billionaire's gold licence

By: Bloomberg     8th May 2018 Protesters in Ethiopia’s restive Oromia region demanded the government withdraw a gold-mining permit from a company owned by Saudi billionaire Mohammed al-Amoudi because of alleged pollution. Demonstrators have blockaded roads in Shakiso, 358 km south of the capital, Addis Ababa, since April 30... 

Post-Mugabe Zimbabwe mining rush leaves big producers behind

By: Bloomberg     3rd April 2018 While Zimbabwe’s leadership change has sparked a race for the nation’s mineral riches among entrepreneurs and tiny explorers, big-name mining companies are taking a wait-and-see approach. New President Emmerson Mnangagwa has a lot to prove as he seeks to revive the economy and attract mining... 

Shrinking platinum sector adds to Ramaphosa's economy challenge

By: Bloomberg     26th March 2018 “Ramaphoria” boosted the rand and revived investor sentiment on South Africa. But deep underground in the country’s platinum mines, there’s very little cause for optimism. Producers in South Africa, which accounts for about 70% of the world’s mined platinum, are closing shafts and cutting... 

Battle to keep Lonmin platinum deal alive hinges on the rand

By: Bloomberg     9th March 2018 When Lonmin CEO Ben Magara announced in December that Sibanye Gold had agreed to buy the platinum miner, he was visibly relieved. He can’t relax just yet. 

De Beers eyes Zimbabwe, Congo after gaining South African permits

By: Bloomberg     6th February 2018 De Beers may follow its resumption of exploration for diamonds in South Africa’s Northern Cape by looking in the longer term at opportunities in countries like Zimbabwe and the Democratic Republic of Congo. "I’m excited about what I’m seeing in Zimbabwe," said Phillip Barton, chief executive... 

A strong rand is ruining the gold rally for South African mines

By: Bloomberg     25th January 2018 For South African gold miners, it’s both the best and worst of times. The metal started the year with a bang, rising 4% so far and trading near the highest since August 2016. But an equally impressive rally in the rand means that South Africa-focused producers are likely to miss out on the party. 

Mine fatalities in South Africa rise first time in decade 

By: Bloomberg     8th December 2017 For the first time in almost a decade, more people are dying in South African mines, the world’s deepest and among the most dangerous. There were 81 fatalities from January through November, according to data from the Chamber of Mines, an industry lobby group. Harmony Gold Mining Co. reported a... 

Mnangagwa's task to rebuild Zimbabwe economy

By: Bloomberg     23rd November 2017 When Emmerson Mnangagwa takes over from Robert Mugabe as Zimbabwe’s President on Friday, he’ll inherit an economic wasteland that will take years and a complete reversal of some of the government’s signature policies to set right. Among Mnangagwa’s key challenges will be to revive an... 

Kenya reviews mining laws as industry struggles to grow

By: Bloomberg     4th July 2017 Kenya is reviewing its mining code, a year after enacting new legislation, as it seeks to attract investment into an industry that’s barely grown over the past five years. The government is working with the UK Department for International Development-funded Extractives Hub to come up with a... 

Tanzania says Barrick agrees to pay money owed to government

By: Bloomberg     14th June 2017 Tanzania’s presidency said Barrick Gold Corp is willing to reimburse money that’s owed to the government, after President John Magufuli accused subsidiary Acacia Mining of failing to pay billions of dollars of taxes. Acacia surged as much as 11%. Barrick executive chairperson John Thornton met... 

UN sends troops to CAR diamond-mining town

By: Bloomberg     17th May 2017 The United Nations (UN) said it plans to deploy more peacekeeping forces in the Central African Republic (CAR) diamond-mining town of  Bangassou to stem a recent wave of violence. Almost three quarters of the 35 000 inhabitants of the southeastern town need humanitarian assistance following the... 

Barclays Africa plans Kenya gold ETF listing early this year

By: Chanel de Bruyn     27th February 2017 Barclays Africa Group is preparing to list its NewGold ETF on the Nairobi Securities Exchange after receiving regulatory approval to begin trading the securities. “We expect the listing to take place early this year,’’ Michael Mgwaba, head of exchange traded products at Johannesburg-based... 

Trump victory hits the war on coal

By: Creamer Media Reporter      2nd December 2016 By Geoff Hill There was promise in the air: a climate change meeting in Marrakech, Morocco, the same week as the White House was set to be won by Hillary Clinton and a team in tune with calls for a curb on coal.   In early November, more than 10 000 delegates and activists were in Morocco for the... 

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.  

Kenyan Paul Kelemba wins GE Energy & Infrastructure Award at CNN Multichoice African Journalist Awards 2015

22nd October 2015 Paul Kelemba, from Kenya, has been awarded GE Energy & Infrastructure Award, presented by Jay Ireland, President and CEO of GE Africa, at this year’s CNN Multichoice African Journalist 2015 Awards ceremony.  Kelemba, who works freelance for The Standard on Saturday, won for his piece “Sorting out... 

Chinese-led consortium clinches Kenya coal concession

By: John Muchira     5th June 2015 Kenya has selected a consortium led by China’s HCIG Energy Investment Company to develop a coal mining project after a previous attempt failed to produce a successful bidder. HCIG Energy, in partnership with Liketh Investment Kenya, will carry out coal mining in Block A and Block B, in the Mui... 

Power & Utilities Management School to address skills gap in the energy sector in Cape Town in May

1st April 2015 “To provide our delegates with a complete overview of the sector” “Success and sustainability within the power sector will demand a different way of thinking and strategic planning. It will also demand a different skills set from us. We need to empower ourselves and others to build a better... 

Kenya to embark on massive exploration campaign to spur mining investment, economic development 

By: Henry Lazenby     6th March 2015 With a new regime in power, Kenya is rearing to embark on a $70-million State-sponsored exploration drive to spur mining investment and the inevitable economic development that follows mining progress. Kenya’s first Cabinet Secretary for Mining, Najib Balala, told Mining Weekly Online that with a... 

Africa remains on Chinese investment map, despite economic slowdown

By: Megan van Wyngaardt     27th February 2015 China’s investment in African resources remains at a relatively early stage and is likely to increase further over the next decade, despite the economic slowdown in the world’s second-largest economy, reports South African financier Standard Bank. China’s economy grew by 7.4% in 2014, the slowest... 

Dow earmarks growth in sub-Saharan Africa 

By: Ilan Solomons     13th February 2015 US-headquartered chemical company Dow has targeted sub-Saharan Africa for commercial growth and is expanding its footprint across the region to achieve maximum market penetration, Dow sub-Saharan Africa president Ross McLean tells Mining Weekly. “Since 2011, we have undertaken a geographic... 

African growth tied to trade, not mining – consultant

By: Ilan Solomons     6th February 2015 Mineral commodities would become less relevant to the development of African countries in the long term as they diversified their economies away from raw resource extraction, said local mining consultancy The MSA Group MD Keith Scott during a panel discussion at research and investment advisory... 

Mine survey camp donated to support fight against Ebola

By: Ilan Solomons     23rd January 2015 A ten-person-capacity turnkey Warrior Shelter survey camp, manufactured by turnkey camp and temporary accommodation solutions provider Weatherhaven Redeployable Camp Systems (RCS), was donated to nonprofit organisation the United Nations (UN) World Food Programme (WFP) to assist the organisation... 

Company launches newly engineered hydraulic solutions

By: Pimani Baloyi     14th November 2014 Power management company Eaton Hydraulics launched two new ranges of engineered hydraulic solutions at this year’s Electra Mining Africa exhibition in September – the Eaton Airflex WCBD3 and WCSB3 water-cooled third-generation brake systems and the Hydre-MAC piston motor.  Eaton GM Emil Berning... 

Moz to start exporting coal through Nacala by December

By: Keith Campbell     13th June 2014 The Mozambican Ministry of Transport and Communications has reaffirmed that the country will start exporting coal from the Tete basin through the port of Nacala by December. This was made clear at the 32nd meeting of the Ministry’s Coordinating Council, which was held in Tete.  

Anadarko seeks clarity on SA’s new oil and gas regime 

By: Terence Creamer     2nd May 2014 American oil and gas exploration and development company Anadarko, which confirmed a halt to its exploration spending in South Africa as a result of legislative uncertainties, says it will work with the South African government to gain clarity on its new petroleum legislation. During the last... 

Altaaqa Global Opens East Africa Office

16th April 2014 The new Nairobi office will serve as a hub for Altaaqa Global’s sales and operations in the East Africa region Dubai-based Altaaqa Global CAT Rental Power, a global provider of temporary power solutions, has recently opened a branch in Nairobi, Kenya to serve the East Africa territory. The office... 

Kenya coal project hoping to start production in 2016

By: John Muchira     7th March 2014 Commercial production of coal in Kenya will start in the next two years. This follows Chinese company Fenxi Mining's announcement that it plans to invest hundreds of millions of dollars in the Mui Basin project. Just two months after signing a concession accord with the Kenya government, Fenxi... 

Consultancy’s indaba debut

By: Ilan Solomons     24th January 2014 Pan African risk management consultancy firm Salama Fikira will exhibit at this year’s Investing in African Mining Indaba, at the Cape Town International Convention Centre, from February 3 to 6. “Last year, we sent our operations manager to the conference as a regular delegate. He believed that... 

Oil pipeline route could be economically viable for South Sudan

By: Zandile Mavuso     29th November 2013 The construction of an alternative export oil pipeline route for South Sudan could ensure an economically and politically diverse environment where trade and exports can take place at reduced costs, says strategy and communication consultancy africapractice. 

Kenyan miners unhappy about government decision to increase royalties

By: John Muchira     29th November 2013 Investors in Kenya’s mining sector are up in arms over a decision by government to increase royalties in the nascent sector. The investors, under the banner of the Kenya Chamber of Mines (KCM), contend the move is not appropriate for the sector, is still establishing itself, and could scare away... 

Company Annoucements:New royalty rates ignite uproar in Kenya’s mining sector

By: Creamer Media Reporter      18th October 2013 Investors in Kenya’s mining sector are up in arms over a decision by the government to increase royalties in the incipient sector. The investors, through the Kenya Chamber of Mines, contend the move to increase royalties does not augur well for the sector that is just finding its bearings and... 

Africa’s developing hub moving away from SA

By: Ilan Solomons     12th July 2013 Most mining companies still choose to have a management node in Gauteng, South Africa, global consulting firm Accenture reports. Accenture African mining lead Duncan Sloan tells Mining Weekly the reason for this is because South Africa has the largest industrial base in sub-Saharan Africa (SSA).... 

Withdrawal of court challenge paves the way for Kenya coal project

By: John Muchira     14th June 2013 A controversy-ridden coal mining project in Kenya may finally kick off after a nongovernmental organisation (NGO) that had filed a court application seeking to stop the project withdrew it. 

Company Announcement: Chapman Freeborn wins top air charter award at Air Cargo Africa 2013

27th February 2013 Chapman Freeborn has been named the Air Charter Provider of the Year in Africa for the second consecutive time 

Reticence about investing in postconflict countries result of misconception, says CASA

By: Leandi Kolver     14th December 2012 Companies are often afraid to invest in post-conflict countries as a result of a misconception of what these markets represent, says World Bank group member the International Finance Corporation’s (IFC’s) Conflict Affected States in Africa (CASA) Initiative head Colin Shepherd. The CASA... 

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