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TAKRAF Africa sees growth in Zambian mining economy

Key global mining, materials handling, minerals processing and equipment supplier, TAKRAF Africa is seeing growing demand in Zambia for a wide range of its technologies, from conveyor and stockyards systems through to dust control and solid liquid separation equipment. With the ability to provide innovative and advanced technologies and equipment …

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Positive forecast for 2017 economic activities

Stanbic Bank has projected a stronger and more stable economy at the backdrop of the central bank has putting in place various monetary measures to prop up the economy. Victor Chileshe Stanbic Bank’s Head of Global Markets says the current economic trajectory shows that the country is effectively dealing with …

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New broom ready to turnaround Tazara

Government says investment of $1.2bn over five years needed Tanzania-Zambia Railway (Tazara) needs US$200 million for upgrade, as authorities seek to resuscitate the line to serve both the copper industry and passenger train. Bruno Ching’andu, Tazara’s new Managing Director said the money will be used for new rolling stock and …

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

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 month. The news confirms Caterpillar’s long-term commitment …

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Copper market seen ‘broadly balanced’ in 2016,2017 – IWCC

Global demand for copper is expected to broadly meet supply in 2016 and 2017, while there is a chance of stronger-than-expected consumption in top user China, an industry body said on Friday. The International Wrought Copper Council (IWCC) sees a modest 120 000 t deficit this year, narrowing to 60 000 …

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Murray & Roberts completes sale of infrastructure and building businesses

Murray & Roberts has entered into an agreement with Firefly Investments for the sale of the Murray & Roberts Infrastructure and Building Platform (MRIB) for R314 million. Firefly Investments represents a consortium led by Southern Palace, a black-owned industrial group, which includes the Government Employees Pension Fund (GEPF) and members …

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Kibo, Sepco agree development refund for power project in Tanzania

Kibo Mining and a 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 the final development cost …

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Gemfields auctions nets $11.1m

Aim-listed Gemfields’ latest auction of emerald and amethyst has netted revenue of $11.1-million. The auction, held in Jaipur, India, from September 26 to 29, included commercial-quality rough emerald extracted at Gemfields’ 75%-owned Kagem mine, in Zambia, and higher-quality amethyst mined by Gemfields’ 50%-owned subsidiary Kariba Minerals in Zambia. Of the …

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Brazil’s Vale agrees to new terms with Mitsui Mozambique coal assets

Vale said on Thursday it 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. …

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A world-first for fuel efficiency in open cast mining from Siemens SA

Billions of litres of diesel are consumed annually by the global mining industry, which is under severe pressure from weak commodity prices. Up to 80% of this costly fuel consumption comes from haulage trucks moving uphill on ramps. A Namibian uranium mine is overcoming this challenge with six 11 MW …

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