A “stellar” performance by cementation newcomer Sephaku Holdings’ Métier Mixed Concrete division has swung the group to a full-year net profit of R47.16-million for the 12 months ended March 31, positioning it to expand its market share in what has become a highly competitive domestic cementation market. The group achieved full-year revenue of R775.4-million and earnings before interest, taxes, depreciation and amortisation of R128.9-million for the ye.... Read more »
Posted on : Tuesday , 30th June 2015
Australian explorer IMX Resources has received “strong interest” from several ore developers in its Ntaka Hill Nickel Project located in southeast Tanzania. nickelmine-Marshman-WCThe Ntaka Hill Nickel Project hosts a measured and indicated resource of 20.3Mt at 0.58 per cent nickel and 0.13 per cent copper for 117,880 tonnes of contained nickel.
Posted on : Tuesday , 30th June 2015
Africa Energy formerly Horn Petroleum Corp has announced that it has provided notice to the Puntland State of Somalia advising of its intention to withdraw from the January 2007 productions sharing agreements in respect of the Nugaal Block and the Dharoor Block, each made among the Company, the Government of Puntland and Range Resources, effective immediately.
Posted on : Tuesday , 30th June 2015
American oil and gas firm Anadarko Petroleum is in talks with Japan-based Jera for long-term supply of liquefied natural gas (LNG) from its Mozambique export scheme.
Posted on : Monday , 29th June 2015
Wentworth Resources has announced that it has successfully raised gross proceeds of USD 7.6 million (GBP 4.9 million, NOK 59.7 million) with institutional investors and certain Directors and members of the Executive Management through a private placement of 15,412,269 new shares.
Posted on : Monday , 29th June 2015
The British High Commissioner James Thornton has commended the partnership between the government of Zambia and the British gemstone exploration and mining company Gemfields plc, citing it to be a “very good example” of a British company investing in Zambia emerald-BigBeadLittleBead-flickrGemfields and Kagem are keen to develop an international market for Zambian emeralds. The partnership entails the ownership of Lufwanyama-based Kagem Mining – the world&rsqu.... Read more »
Posted on : Monday , 29th June 2015
Volvo Construction Equipment has announced the launch a new series of wheel loaders in Africa
Posted on : Monday , 29th June 2015
Under the terms of the contract, the consulting firm would undertake a feasibility study, prepare tendering documents and advise on procurement of the project on behalf of the Kenya Urban Roads Authority (KURA).
Posted on : Saturday , 27th June 2015
Ethiopia signed a 119 million dollar deal for power transmission lines to Kenya to export the extra power.
Posted on : Saturday , 27th June 2015
The East African region is emerging as one of the most prolific oil and gas exploration sites in the world. Analysts at Standard Bank say Kenya, Uganda, South Sudan, Ethiopia, Tanzania and Mozambique that have recently made discoveries, have the potential to fundamentally transform their economies through investments in road, rail, power and industrial infrastructure.
Posted on : Saturday , 27th June 2015
Oil discoveries in Uganda and Kenya have also added to the excitement in the sector as new players look to enter these markets, including some of the largest independent and international oil companies, “ Harley, president of DHL Energy Sector noted.
Posted on : Saturday , 27th June 2015
The city of Kigali has instructed the National Industrial Research and Development Agency (NIRDA) to relocate Rwanda's bio-diesel project at Mulindi.
Posted on : Saturday , 27th June 2015
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