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Ncondezi submits updated tariff proposal for Mozambique energy project

By: Marleny Arnoldi     26th July 2018 Aim-listed Ncondezi Energy has submitted an updated tariff proposal to Mozambican State-owned power utility Electricidade de Moçambique (EDM) and the Ministry of Mineral Resources and Energy (Mireme). The updated tariff proposal arose from a financial model submitted to the two authorities, which... 

Kibo signs development agreement with Sepco III

By: Simone Liedtke     3rd July 2018 Aim-listed Kibo Mining has signed a strategic development agreement (SDA) with China-based Sepco III to work towards enhancing Kibo’s strategy and the development of its portfolio of energy projects. As part of the SDA, Sepco III has committed to a two-stage equity investment in Kibo. 

Kibo, Termoeléctrica finalise Benga JV in Mozambique

By: Marleny Arnoldi     28th June 2018 Aim- and JSE-listed Kibo Mining has finalised a joint venture (JV) agreement with Mozambique energy company Termoeléctrica de Benga regarding the development of the Benga independent power project, in Tete, Mozambique. This agreement includes the right to build and operate a 150 MW to 300 MW... 

Ncondezi power project in Mozambique nears JDA completion, financial close 

By: Marleny Arnoldi     11th June 2018 The joint development agreement (JDA) for Aim-listed Ncondezi Energy’s integrated 300 MW power and coal mine project in Tete, Mozambique, is nearing completion.  

Welding Alloys South Africa

8th June 2018 Wear specialist Welding Alloys South Africa (WASA) and its Mozambique subsidiary KRAM, based in Tete, specialise in the prevention, protection and reduction of wear caused by various mechanisms. All sectors of industry experience wear and the accompanying financial consequences to protect plant... 

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.  

Ncondezi raises £950 000

By: Simone Liedtke     4th May 2018 Aim-listed Ncondezi Energy has raised £950 000, before expenses, through a conditional placing of 15.2-million ordinary shares at a price of 6.25p apiece. The company will use the funds to strengthen its balance sheet as it moves towards the conclusion of a joint development agreement (JDA) for... 

Ncondezi confident it can achieve a more competitive tariff

By: Marleny Arnoldi     3rd May 2018 Preliminary results from a review of updated proposals for the engineering, procurement and construction (EPC), and operations and maintenance (O&M), contracts for Ncondezi Energy’s integrated 300 MW power and coal mine project, in Tete, Mozambique, are positive.  

Ncondezi reviews updated EPC, operations and maintenance proposals

By: Marleny Arnoldi     25th April 2018 Power development company Ncondezi Energy is reviewing updated proposals for the engineering, procurement and construction (EPC) and operations and maintenance (O&M) contracts for its integrated 300 MW power and coal mine project in Tete, Mozambique.  

Ncondezi JDA on track to be concluded by end-July

By: Simone Liedtke     18th April 2018 The joint development agreement (JDA) for Aim-listed Ncondezi Energy’s integrated 300 MW power plant and coal mine project in Tete, Mozambique, remains on track for completion by the end of July. Proposals for the engineering, procurement and construction (EPC) and operations and maintenance... 

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... 

Mkango pushes forward with research programme, upbeat about Malawi prospects

By: Ilan Solomons     3rd November 2017 Dual-listed Mkango Resources is upbeat about its research on the development of neodymium iron boron alloys, which are “critically important” for environment-friendly sectors, such as that of electric vehicles, states CEO Will Dawes. Mkango has started Phase 2 of its research and development... 

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,... 

Ncondezi raises £750 000

By: Anine Kilian     18th October 2017 Aim-listed Ncondezi Energy has raised £750 000, before expenses, through an oversubscribed placing of 15-million ordinary shares at a price of 5p a share. The company will use the funds raised by the placing to cover nonproject corporate costs until the end of August 2018, before the maturity of... 

Service impresses, leads to ongoing work at Balama

By: Nadine James     1st September 2017 Prefabricated buildings manufacturer Kwikspace Modular Buildings expects to complete a multimillion-rand project for Mozambique mining company Twigg Exploration & Mining by the end of next month. Kwikspace CEO Shaun McCormack notes that the company first started work on Twigg’s Balama graphite... 

Ncondezi confident of finding a partner for power plant project by year-end

By: Creamer Media Reporter      25th August 2017 Aim-listed Ncondezi Energy is hoping to complete the process of signing on a partner to assist with the development of its proposed 300 MW Ncondezi coal-fired power project, in Tete, Mozambique, by the end of this year. Ncondezi is seeking a partner capable of providing a leadership role in the... 

Govt continues to encourage investment beyond diamonds

By: Simone Liedtke     26th May 2017 Botswana's mining industry will see steady value growth as government continues its efforts to diversify away from the diamond sector, encouraging foreign investment, particularly in coal projects, says industry analyst BMI Research, a Fitch Group company. 

New laboratories opened based on demand

By: Kimberley Smuts     20th January 2017 Oil and fuel analysis expert WearCheck has shown considerable growth in Africa in 2016 establishing three new laboratories around the continent’s mining hotspots, a move largely driven by demand from mining operations looking to cut operational costs. As a result of this expansion, the company... 

Company looks back on its first decade, upbeat about future fortunes 

By: Ilan Solomons     20th January 2017 South African geospatial solution and aerial survey company Southern Mapping celebrated its tenth anniversary last month, reflecting on its many achievements while outlining its aims for the future. “Our aim is to remain the leader in the field of aerial surveying airborne remote sensing and... 

Things beginning to look up for Brazilian miner in Mozambique

By: Keith Campbell     15th December 2016 In a recent presentation to the New York Stock Exchange, Brazilian major mining group Vale reported on progress at its Mozambican operations. These comprise the Moatize coal mine and the Nacala Logistics Corridor. Moatize is primarily a metallurgical, or coking, coal mine while the Nacala... 

Caterpillar to invest $1bn in Africa over next five years

By: Mia Breytenbach     4th November 2016 US mining equipment manufacturer Caterpillar, its independent dealers and the Caterpillar Foundation are to invest $1-billion in business, education and training across Africa over the next five years, chairperson and CEO Doug Oberhelman announced at the US-Africa Business Forum in New York, last... 

AFC commits $3m to Ncondezi development

By: Megan van Wyngaardt     31st August 2016 The Africa Finance Corporation (AFC) has committed an additional $3-million loan facility to Ncondezi Energy to fund ongoing project development costs at its 300 MW coal-fired power project in Tete, Mozambique. The loan, which will be paid in two tranches, will be used to cover costs not included... 

Mozambique reports unquantified diamond discovery

By: Keith Campbell     22nd July 2016 In Mozambique, the National Director of Mines last week confirmed that diamonds had been discovered in the Massangena district of the Gaza province. Talking to the Maputo newspaper Notícias, he refused to say how many diamonds had so far been found, but stated that exploration and prospecting... 

Budget cuts re-emphasise safety, efficiency on mines

By: Sebastian Whyle     8th July 2016 African mines are under pressure to increase their safety and efficiency standards, all the while adhering to tighter budgets owing to commodity price fluctuations, tyre and wheel service provider Kal Tire Southern Africa VP John Sims tells Mining Weekly. 

Moatize takes delivery of 212 t surface miner

By: Kimberley Smuts     1st July 2016 Mining services and construction provider Wirtgen South Africa (SA) has supplied its biggest surface mining model, the 212 t 4200SM, to diversified miner Vale’s Moatize coal mine project, in Tete, Mozambique. The 4200SM costs about €5-million depending on client specifications and can mine out... 

Eqstra warns of lower H1 earnings, to sell Moz mining equipment assets

By: Megan van Wyngaardt     3rd February 2016 JSE-listed mobile capital equipment distributor Eqstra has, through its Mozambican subsidiary, signed a memorandum of agreement with Minas de Benga Limitada to dispose of all plant and equipment assets used in the provision of mining services during a five-year contract at Minas’ Benga coal mine,... 

Service proposition enhancements to prove group’s mettle to Africa

By: Mia Breytenbach     22nd January 2016 Despite testing circumstances in the local mining industry, mineral processing equipment and solutions provider Multotec’s business is progressing well, with the group focusing on offering an improved services proposition to its mining customers across Africa, says Multotec CEO Thomas Holtz.... 

Gearbox commissioning under way at Moatize

By: David Oliveira     18th September 2015 Industrial gearbox designer, manufacturer and supplier Hansen Transmissions South Africa (HTSA), a subsidiary of global gearbox company Hansen Industrial Transmissions, is commissioning 39 Hansen P4 multistage industrial gearboxes at mining major Vale’s Moatize coal mine in Tete, Mozambique. The... 

Mozambique project confirms sufficient funds to develop until Q1 2016

31st July 2015 Following a detailed review of its budget and the implementation of cost-saving initiatives, Mozambique miner Ncondezi Coal Company’s management is confident that it has sufficient cash to support ongoing operations at the Ncondezi coal project in Tete, Mozambique, until the first quarter of next... 

Surface miner at coal mine a first for Southern Africa

By: Mia Breytenbach     3rd July 2015 Diversified engineering company Wirtgen South Africa (SA) in May commissioned its Wirtgen 4200 SM surface miner at Brazilian mining major Vale’s Moatize mine, in Tete, Mozambique. The supply of this miner to Vale is one of Wirtgen SA’s largest projects in Southern Africa to date. 

Negotiations under way for Benga mine contract extension

By: Pimani Baloyi     5th June 2015 Contract mining company MCC is in negotiations with mining consortium Indian Coal Ventures Limited (ICVL) to continue providing mining services or a mining solution, for ICVL’s  Benga mine in Tete, Mozambique, as its current contract expires in December this year. MCC, the contract mining and... 

Coupling specialist awarded spares contract

By: Pimani Baloyi     5th June 2015 The South African wing of Germany-headquartered couplings manufacturer Voith has been awarded a contract to provide repair work and spares for a major coal operation in Tete, Mozambique. Voith regional sales manager for Africa Hans Voshol explains that the contract follows the company’s supply... 

Multimillion dollar coal project in a ‘comfortable’ financial state

5th June 2015 Aim-listed energy provider Ncondezi Energy in March reported that following a detailed review of its budget and the implementation of cost saving initiatives, the company’s management was confident that it had sufficient cash to support ongoing operations until the first quarter of next year. The... 

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... 

Beacon Hill updates finance arrangements, strengthens balance sheet to provide solid foundation for growth

By: Leandi Kolver     1st December 2014 Aim-listed Beacon Hill Resources has updated its financing arrangements and restructured its debt in an attempt to strengthen and de-risk its balance sheet to provide a more solid foundation for future growth as it targeted more economic and competitive coking coal production from 2016 onwards.... 

Vale’s African production rises, Rio Tinto sells Mozambique assets

By: Keith Campbell     8th August 2014 Brazilian mining major Vale has reported a stronger performance by its Moatize coal operation in Mozambique during the second quarter of this year (2Q14) in comparison to the first quarter (1Q14). Vale’s Carborough Downs coal operation in Australia also showed better performance, taking the... 

Maintenance specialist homes in on Tete

By: Ilan Solomons     11th July 2014 Outsourced plant operations and maintenance specialist Minopex, a member of global multidisciplinary organisation DRA Group, is moving its head offices from the Mozambique capital of Maputo to Tete province, the company tells Mining Weekly. This move, which follows the establishment of an... 

Coal producer to start expansion phases this year

By: Mia Breytenbach     6th June 2014 London-listed coal producer Beacon Hill Resources expects to start construction on Phases 2B and 2C of the coking coal washing plant in September at its Tete-based Minas Moatize coking coal project, assuming all fundraising and final financing proposals for the project proceed according to plan.... 

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