Africa

Rising mining production and cutbacks on nonessential spending will see Namibia’s fiscal deficit narrow in the coming months, says BMI Research, which is part of Fitch Group. BMI points out in a new report that Namibia’s fiscal balance will begin to narrow over 2017, after widening substantially this year, on …

While Kudu may not have grabbed as many front pages as has become commonplace, it appears that the ambitious multi-billion dollar project is still on the cards. This comes as Namibia Petroleum Corporation board chair Johannes !Gawaxab and Managing Director Immanual Mulunga were both prepared to provide updated information on …

The government’s surprise announcement that it will build its own desalination plant has not dissuaded French uranium miner Areva that its Erongo Desalination Plant may in fact not be a good buy. This follows protracted negotiations between the two parties for the sale of the desalination plant. The Minister of …

Vale has agreed to new terms for the sale of stakes in a coal mine and railway project in Mozambique to shareholder Mitsui & Co, in a deal that will raise $768-million and could help Vale free up to $2.7-billion in funding commitments for both projects. The sale of Vale’s …

An Australian company with a stake in one of Botswana’s best copper discoveries this year says it wants to get to a final decision to start a prefeasibility study before the end of the year. The company’s representative also told delegates at an Australian mining conference that the Botswana government …

ASX-listed Marenica Energy and fellow-listed Deep Yellow have inked a technology licence agreement that will see Marenica provide its U-pgrade technology to develop the Tumas uranium project, in Namibia. Marenica’s U-pgrade technology could potentially deliver significant project and operating cost savings at Tumas, and the two parties have agreed to …

ACCRA – Stakeholders in Ghana’s mining industry here on Tuesday underscored the need for a new mining law for the country to replace the existing Act 703. “We have displaced more than 60 000 landlords who have many dependants yet have nothing substantial to show for the extreme suffering mining …

The upcoming Electra Mining exhibition in September this year once again offers the mining industry an opportunity to meet its suppliers and vice versa. Renttech South Africa will be exhibiting – among its welding, generators and lifting/rigging ranges – its Unilift brand of lifting equipment. Specifically, the company will be …

South Africa’s National Treasury denied Eskom’s request to extend a short-term coal-supply contract for the Arnot power plant with Gupta family-controlled Tegeta Exploration and Resources, the electricity producer said. Four companies including Tegeta are providing the plant with coal until long-term suppliers are named at the end of September, Khulu …

Ship repair company Elgin Brown & Hamer (EBH) Namibia (EBHN) has announced that it has secured an agreement with the Mining, Metal, Maritime & Construction (MMMCU) Union, resulting in the company withdrawing its intention to embark on unilateral retrenchments. “We are extremely pleased to have concluded an amicable agreement with …