Mining industry’s prospects to attract FDI slowdowneastafricanminingnews.com/wp-content/uploads/2017/... · ed 58% of the continent’s total FDI projects in 2016. South Africa

East Africa’s Premier Source of Mining News

June - August 2017Volume 1/ Issue 05 US $ 4.30

cancelled in Ethiopia... after 90 days activation period lapse 10

NGOs, legislators lob-by for women rights in mines

20

De Beers increase spending in Botswana -

22

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Miningindustry’s

prospects toattract FDIslowdown

Fifty mining licenses

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4 East African Mining News | June - August 2017 www.eastafricanminingnews.com

ContentsEditorial Comment

Authorities still eager to reap mining fruits : ....................................................................... 6

COVER STORY

Mining industry’s prospects to attract FDI slowdown : .................................................................... 7

ETHIOPIA

Addis Ababa put down intensive plan to lure mining investors : ....................................................................... 9Ethiopia taps into Canada’s energy and mining expertise : ....................................................................... 10Fifty mining licenses cancelled in Ethiopia …after 90 days activation period lapse : ....................................................................... 10

KENYA

Multi-million ounce gold stream discovered in Kenya : ................................................................. 11

TANZANIA 12

Fungoni development progressing well... : ....................................................................... 13Gold lead Tanzania’s exports : ....................................................................... 14Kibo’s two projects gets government green light : ....................................................................... 15Magufuli impose compulsory listing for mining companies : .................................................. 16

4 East African Mining News | June - August 2017East African Mining News | June - August 2017 www.eastafricanminingnews.com

Contents Editorial Comment


COVER STORY

Mining industry’s prospects to attract FDI slowdown : ........................................................ 7

ETHIOPIA

Addis Ababa put down intensive plan to

lure mining investors : ........................................................................................................ 9

Ethiopia taps into Canada’s energy and

mining exp e rtise 10

Fifty mining licenses cancelled in Ethiopia …after

90 days activation period lapse :.......................................................................................... 10

KENYA

Multi-million ounce gold stream discovered in Kenya : ....................................................... 11

TANZANIA

Fungoni development progressing well... : ............................................................................. 13

Gold lead Tanzania’s exports : ............................................................................................ 14

Kibo’s two projects gets government green light : ................................................................ 15

Magufuli impose compulsory listing for mining companies : ................................................. 16

: .................................................................................................................

East African Mining News | June - August 2017 5www.eastafricanminingnews.com

UGANDA

Museveni wants German companies to invest in Uganda : ............................................................ 19NGOs, legislators lobby for women rights in mines : ....................................................................... 20Sand mining increase in Uganda…attributed to massive infrastructure development : ................................................................................................................. 21

INTERNATIONAL NEWS

De Beers increase spending in Botswana : ............................................................................................ 22Etango to spur Namibia’s uranium production : ....................................................................... 23Liqhobong’s diamond recoveries surge : ............................................................................................ 23Letšeng continue to raise high Gem Diamonds flag : ....................................................................... 24Extractive industry attract less FDI in 2016 : ....................................................................... 24Carbon-neutral mining on the cards at De Beers mines : ............................................................... 25

INDUSTRY INNOVATION

Two crane giants join forces : ................................................................................................................ 26

PublisherEvans Mumba

General ManagerArnold Chinyemba

Editor Andrew Maramwidze

Associate EditorAndrew Miti

Editorial Contributor(s) Esnala BandaPotipher TemboObert Simwanza

Jeffrey SinkambaSam Phiri

Graphics and Productions Merlin Wilson (Pty) Ltd Rekai Musari Mutisi– Layout

Advertisement Sales Precious ChimbuchimbuAgnes MumbaChilopa Majorie KasomaDoris LikondeDowell Sichitalwe Don ChuluNkosilathi MudiyiMusa Chigiji

Joseph NyirendaMichael Chiku MondolokaJoshua Chibwe

TANZANIAOld Bagamoyo Road, Mayfair Plaza Mini Mall,Office Suite 105/106P.O Box 75564 Da Es Salaam, TanzaniaTel: +255 767 658840 | 768 189602Fax: +255 798 465530

KENYA Old Airport Road, Nairobi , KenyaTel: +254 717 939 [email protected]

East African Mining News | June - August 2017 5www.eastafricanminingnews.comEast African Mining News | June - August 2017 www.eastafricanminingnews.com

Contents Editorial Comment


COVER STORY

Mining industry’s prospects to attract FDI slowdown : ........................................................ 7

ETHIOPIA

Addis Ababa put down intensive plan to

lure mining investors : ........................................................................................................ 9

Ethiopia taps into Canada’s energy and

mining exp e rtise 10

Fifty mining licenses cancelled in Ethiopia …after

90 days activation period lapse :.......................................................................................... 10

KENYA

Multi-million ounce gold stream discovered in Kenya : ....................................................... 11

TANZANIA

Fungoni development progressing well... : ............................................................................. 13

Gold lead Tanzania’s exports : ............................................................................................ 14

Kibo’s two projects gets government green light : ................................................................ 15

Magufuli impose compulsory listing for mining companies : ................................................. 16

: .................................................................................................................

UGANDA

Museveni wants German companies to invest in Uganda : .................................................... 19

NGOs, legislators lobby for women rights in mines : .............................................................. 20

Sand mining increase in Uganda…attributed to massive

infrastructure development : ................................................................................................... 21

INTERNATIONAL NEWS

De Beers increase spending in Botswana : .............................................................................. 22

Etango to spur Namibia’s uranium production : ..................................................................... 23

Liqhobong’s diamond recoveries surge : ............................................................................... 23

Letšeng continue to raise high Gem Diamonds lag : .............................................................. 24

Extractive industry attract less FDI in 2016 : ......................................................................... 24

Carbon-neutral mining on the cards at De Beers mines : ....................................................... 25

INDUSTRY INNOVATION

Two crane giants join forces : ................................................................................................. 26

Publisher

Evans Mumba

General Manager

Arnold Chinyemba

Editor

Andrew Maramwidze

Associate Editor

Andrew Miti

Editorial Contributor(s)

Esnala Banda

Potipher Tembo

Obert Simwanza

Jefrey Sinkamba

Sam Phiri

Graphics and Productions

Merlin Wilson (Pty) Ltd

Rekai Musari Mutisi– Layout

Arnold’s Designs - Cover design

Advertisement Sales

Precious Chimbuchimbu

Agnes Mumba

Chilopa Majorie Kasoma

Doris Likonde

Dowell Sichitalwe

Don Chulu

Nkosilathi Mudiyi

Musa Chigiji

Joseph Nyirenda

Michael Chiku Mondoloka

Joshua Chibwe

TANZANIA

Old Bagamoyo Road, Mayfair Plaza Mini Mall,

Office Suite 105/106

P.O Box 75564 Da Es Salaam, Tanzania

Tel: +255 767 658840 | 768 189602

Fax: +255 798 465530

KENYA

Old Airport Road, Nairobi , Kenya

Tel: +254 717 939 214

[email protected]


Editorial Comment

Editor : Andrew Maramwidze

Despite the sudden trend where other sectors of the economy are vigorous-ly competing with the mining industry

to be the main source attracting foreign direct investment (FDI) into the continent, the East African bloc remains resilient, pushing to lure miners.

Endowed with several mineral deposits, East Africa countries are still eager to reap more gains from the sector.

Tanzania is doing an overhaul to its mining in-dustry, all in the name of seeing the country reap more benefits from the extractive industry, let the new changes boast the country’s econ-omy.

Tanzania’s President John Magufuli, a hardliner NO to corruption seem to be leading the pack and wants nothing less for his nation but the best from mining.

We congratulate Magufuli and his administra-tion, hope his peers will pick a lesson or two, the continent is gifted with vast minerals de-posits, but its natives are not fully enjoying the benefits.

However, let the authorities be smart enough not drive away potential investors, because there is a thin line between progressive legisla-tion and one which chase away investors.

Uganda has also STRONGLY announced it needs the Germany companies to explore all

the potential the country offers while her citi-zens tap into Germany’s wealth skills base.

President Yoweri Museveni, has also highlight-ed to Germany’s Africa’s over one billion pop-ulation and Uganda’s 40 million people offered a good market for partnerships and success.

In addition, Ethiopia has announced plans to tap into Canada’s energy and mining expertise.

With all these initiatives, East Africa is poised for prosperity in her mining endevours.

Enjoy the read!

Authorities still eager to reap mining fruits

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Endowed with several mineral deposits, East Africa countries are still eager to reap more gains from the sector.


COVER STORY

International consultancy firm EY says Africa’s mining potential is no longer the central at-traction for foreign investment into the con-

tinent.

According to EY’s latest ‘Africa Attractiveness’ report, the mining sector, including industrial and precious metals, coal, oil, as well as natu-ral gas, collectively accounted for just 6.2% of foreign direct investment (FDI) that landed in Africa last year.

The report provides an analysis of FDI invest-ment into Africa over the past ten years and the 2016 data shows Africa attracted 676 FDI projects, a 12.3% decline from the previous year, and FDI job creation numbers declined 13.1%, despite capital investment rising 31.9%.

According to EY the surge in capital investment was primarily driven by capital intensive proj-ects in two sectors, namely real estate, hos-pitality and construction (RHC), and transport and logistics.

The continent’s share of global FDI capital flows increased to 11.4% from 9.4% in 2015, making Africa the second-fastest growing FDI destina-tion by capital.

“This somewhat mixed picture is not surprising to us. Investor sentiment toward Africa is likely to remain somewhat softer over the next few years.

This has far less to do with Africa’s fundamen-tals than it does with a world characterised by heightened geopolitical uncertainty and great-er risk aversion. Investors with an existing pres-ence in Africa remain positive about the con-tinent’s longer-term investment attractiveness, but they are also cautious and discerning,” said Ajen Sita, Africa Chief Executive Officer at EY.

In a sign of ongoing diversification of Africa’s FDI investors, more than one fifth of FDI proj-ects and more than half of capital investment into Africa came from Asia-Pacific in 2016, an all-time record.

Most notably, Chinese FDI into Africa increased dramatically, making the country the single largest contributor of FDI capital and jobs in Africa in 2016.

Egypt, Kenya, Morocco, Nigeria and South Afri-ca (the key hub economies) collectively attract-ed 58% of the continent’s total FDI projects in 2016.

South Africa remains the continent’s leading FDI destination, when measured by project numbers, increasing 6.9%. Morocco regained its place as Africa’s second largest recipient with projects up by 9.5%, followed by Egypt, which attracted 19.7% more FDI projects than the previous year.

Although foreign investors still favour the key hub economies in Africa, a new set of FDI des-

tinations is emerging, with Francophone and East African markets of particular interest.

“By 2030, Africa remains on track to be a US$3t economy. However growth needs to be-come more inclusive and sustainable to erad-icate poverty at the levels that are required,” said Sita.

Sita said the continent need to accept the re-ality that physical connectivity – enabled by regional integration and the development of physical infrastructure – will remain a key stum-bling block to inclusive growth across Africa for at least the next decade, then the need to actively embrace digital connectivity becomes critical.

“However, efforts to harness the potential of digital technologies as a fundamental driver of inclusive growth are still far too piecemeal and fragmented.”

He said a far more collaborative effort between governments, business and non-profit organi-sations to adopt technological disruption, and create digitally enabled offerings with a partic-ular focus on health, education and entrepre-neurship is required.

The EY Africa Attractiveness Index (AAI) was introduced last year, to measure the relative investment attractiveness of 46 African econ-omies based on a balanced set of shorter and longer-term metrics.

Mining industry’s prospects to attract FDI slowdown

The continent’s share of global FDI capital flows increased to 11.4% from 9.4% in 2015, making Africa the second-fastest growing FDI destination by capital.


ETHIOPIA


ETHIOPIA

Addis Ababa put down intensive plan to lure

mining investorsEthiopian government is putting more ef-forts to entice the private sector into the country’s mining industry.

With private companies slowly being lured into the country’s mining industry, government is pleased with progress the sector exhibits so far.

“Gold has been extensively mined and the country has been earning a great deal of hard currency over the last 15 years. The same is true for opal and other precious minerals,” said State Minister Tewodros Gebre Egziabher recently.

The inspiring gold production has moti-vated Ethiopia to set eyes on developing the country’s enormous potash and iron ore fit potentials with a view to producing locally made fertilizer and steel.

Tewodros has attributed the rise of inves-tors in the mining sector to government’s

intervention.

The proactive government has stripped inactive companies of license and re-placed them with vibrant mining compa-nies with good reputation and capacity.

“Currently, there are 280 companies with exploration license, while 135 are on pro-duction. The total figure of licensed com-panies is 3,250,” Tewodros said.

Though government is worried that the mining industry has not yet fully contrib-uted the deserved share to the country’s GDP, the authorities are confident that incentives packages in Ethiopia’s mining sector are comparatively better off other African nations.

In addition, government believes ease ac-cess mining information has potential to attract more investors.

Meanwhile a number of geological stud-ies have indicated that Ethiopia is en-dowed with various types of industrial and construction mineral resources apart from its three major precious metallic green-stone belts.

Six major basins have been identified with the highest concentrations of hydrocar-bon resources (oil and natural gas).

“Currently, there are 280 companies with exploration license,

while 135 are on pro-duction. The total figure of licensed companies is

3,250,”


Canada intends to help Ethiopia build capacity in the energy and mining de-velopments, as part of the two coun-tries’ bilateral relations benefits.

The two countries desire to exchange experi-ences to bridge gaps and build capacity Ethio-pian in the energy and mining sector.

"Both countries discussed ways of harnessing additional fronts to broaden and deepen their relations," said Canadian Ambassador to Ethi-opia Philip Baker.

"We have success stories in advancing pover-ty reduction, empowering women and getting young people engaged in private business. And Canada will work with Ethiopia to help address development challenges," he added.

Canada is one of the largest development partners to Ethiopia.

Ethiopia taps into Canada’s energy

and mining

expertise

Ethiopia has cancelled over 50 mining and ex-plorations licenses, as several license holders fail to commence operations on schedule.

Bacha Faji, spokesperson at the Ministry of Mines, Petroleum and Natural Gas (MoMPNG) said government has cancelled licenses for companies that have failed to adhere to stip-ulated timeframes.

"We cancelled over 50 mining licenses recently, mainly because the companies have not start-ed operations on time as per their agreement," Bacha said.

Ethiopian laws require a company to com-mence exploration or mining within 90 days after signing a contract with the government.

Statistics indicate that MoMPNG has over 530 registered mining companies -, including ac-tive, cancelled, transferred and under evalua-tion/ investigation licenses owned by local and

foreign entities and joint ventures.

Government has cancelled a total of 211 mining licenses since 2004, which include 130 owned by foreign firms, 49 joint ventures and 32 fully local-owned licenses.

Endowed with many natural resources - gold, iron, natural gas and oil, Ethiopia's major min-eral exports is gold, generating around 440 million US dollars in 2011/12.

According to the mining ministry data, as of January 2016, there were about 170 licensed companies engaged in exploration and devel-opment of gold with 51 per cent of the licenses issued to foreign firms, while 21 per cent were joint ventures.

Fifty mining licenses cancelled

in Ethiopia…after 90 days activation

period lapse

ETHIOPIA

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KENYA

London Stock Exchange listed Acacia Min-ing has struck gold in Kenya, discovering a ‘multi-million ounce’ gold stream in the western part of the country.

According to Acacia initial tests suggested the find was one of the highest grade projects in Africa today and the first step in defining a gold-rich corridor in the east African country.

Acacia reported a resource of 1.31 million ounces at 12.1 grams per tonne, totaling 1.3m ounces of gold.

However, it expects further drilling work to re-vise this up to at least 2m ounces by the end of the year. The company has six drill rigs on site and plans to spend $12m this year on further exploring its Kenyan prospect.

Brad Gordon, Acacia Chief Executive Officer said the company was ‘delighted’ with the re-sult so far.

“Whilst Kenya is a relatively new mining desti-nation we are very pleased with the relation-ships we have built and the support we have received and look forward to working closely with all stakeholders as we progress this highly promising project,” he added.

Dan Kazungu, Kenya’s cabinet secretary for mining, said that the country was seeking to ratify its Mining Act to establish as ‘a robust legislative framework’ to support its burgeon-ing mining industry.

“We are excited about the potential of Acacia’s West Kenya Project, as it could ultimately lead to the creation of a gold mining industry that would have a benefit to our country, economy

and people,” he said. “We look forward to con-tinuing to work with Acacia and welcome their continued interest and investment in Kenya.”

Acacia has three operating mines in Tanzania, but has made no secret of its ambition to be-come a pan-African miner.

It has further exploration projects in that coun-try as well as in Burkina Faso and Mali.

Gordon has described the company’s approach as “contrarian”, because it has continued to invest in hunting for new gold deposits while many of its rivals have pared back budgets.

The company is in early-stage merger talks with Endeavour Mining of Canada, a deal that may win the backing of Acacia’s largest share-holder, Barrick Gold, which has been seeking to offload its 64pc stake.

Multi-million ounce gold stream discovered in Kenya

“Whilst Kenya is a relatively new mining destination we are very pleased with the relationships we have built and the support we have received and look forward to working closely with all stakeholders as we progress this highly

promising project,”


TANZANIA


Transport and logistics specialist, Concargo, looks back on 30 successful years in supply chain and road freight logistics.

Meticulous planning, tai lor-made solutions, attention to detail, delivering on time and within budget and keeping clients happy – that, in a nutshell, is Cape Town-based Concargo (Pty) Ltd's secret to beating the competition in the fast-paced, highly-competitive freight forwarding and logistics industry.

This success story began back in January 1987 when Concargo was founded, in Cape Town, by David and Beverley Kruyer. Today – 30 years on Concargo is represented throughout Southern Africa.

The company offers an ever-expanding portfolio of supply chain solutions and transport planning with customer services as its foundation, supported by strategic partnerships and alliances.

'Our philosophy from day one was 'service above all else' and this has remained the basis for all our relationships,' says David Kruyer, founder and MD.

'We are dedicated to preserving this viewpoint as a constant in all our planning and interactions with clients and suppliers. Our challenge is to find solutions and implement them while exceeding expectations.'

Reflections over the decadesKruyer says that starting his own business was a natural progression after spending time in the distribution industry, initially circulating newspapers to shops and street vendors for the Daily Mirror in the

UK and then for The South African Associated Newspaper (SAAN) Group, the Cape Times Limited and Allied Publishing before working for a succession of distribution companies including DHL, TNT Skypak and Ace Express Logistics.

'The distribution business was an invaluable grounding and where I gained most of my experience and knowledge ahead of opening the doors of Concargo back in 1987,' he explains. 'My analogy of the business is a shipping one. My wife, Beverley, is and has been the rudder in my life, Gregory Bathurst Tighe has been the keel since day one, Janine Bernadette Conradie is the mast of this operation with Dean Page the anchor.

'It has been a long and eventful journey, navigating throughout the decades of good and lean years, learning and adapting our methodology along the way to find new solutions to logistic challenges, but we've also had loads of fun.

'When I look back to our humble beginnings and where we are today, we are clearly doing something right. I can only attribute our success and longevity in the industry to solid partnerships with clients and service providers who have loyally stood alongside us as we've grown.'

It takes teamworkBeing successful in the freight forwarding industry requires teamwork and synergy of planning to ensure the smooth passage of cargo. Concargo boasts a dedicated and skilled team, as well as strategic business partners, working together to ensure a seamless and co-ordinated solution - whether transporting within South Africa or across borders into Africa.

The highly experienced team has decades of experience: Greg Tighe, Projects Director has been with the company for 28 years; COO, Dean Page for 16; Director of National Transport Janine Conradie celebrates 23 years at Concargo while Loretta George, Accounts Manager, has being around for 17.

'Our management team is solid and has the experience to adapt to the new challenges presented by this ever-changing industry,' says Kruyer.

'Transport logistics in Africa is a vibrant and exciting industry to be part of. Our desire is to mentor a future generation by showcasing transport logistics as a career and are excited to have four logistics graduates join us as interns this coming year.'

Solutions drivenSuccessful delivery of cargo, no matter what the load, requires skilled staff to manage the often complicated logistics.

Over the years Concargo has been presented with some notable and rather unusual projects which have required intricate pre-planning and creative thinking to meet the brief, especially within tight time constraints.

These include:· Managing the transport and logistics for big budget movies such as Racing Stripes, Home Alone, Lord of War, Blood

Diamonds and more.· Co-ordinating and managing the transport and logistics for BMW's international media launch of its 650 cabriolet series in Cape Town. · High security transportation and escorting of Grade 12 examination papers from SA printers to the education ministries in various Southern African countries· Transportation of abnormal loads such

'Our management team is solid and hasthe experience to adapt to the new

challenges presented by this ever-changing industry,' David Kruyer - MD

AFRICA ROAD TRANSPORT SPECIALISTS


TANZANIA


as wind tower tubes, mining bucket wheel reclaimers, combine harvesters, 100 ton LP heaters for Medupi.

One of the most challenging projects took a total of three months to complete, a month of planning and two months of transportation. It involved relocating 45 loads of bucket wheel reclaimers from Saldahna to Sishen South mine. Considered abnormal out-of-gauge haulage and at 9m wide, the transportation required special permission and escorts as it snaked its way up and over the steep Piekeniersberg Pass, in four hour intervals (to allow for other traffic to pass) as part of the route.

'This industry lends itself to new challenges on a daily basis and one learns to adapt to the situation like a chameleon,' says Janine Conradie. 'Some days are really trying and others exhilarating, but in the end, always rewarding. Transport and supply chain logistics is not for the faint hearted. This industry teaches you the skills that can carry you through any situation life presents.

'Besides all the interesting people I have met, I have also learned so much about this industry and many others too. 'Taking the time to really understand a client's business is the best way to assist them when developing their logistics solution. I have been fortunate to travel to Madrid to accept a transport award on behalf of Concargo, to Antwerp for a Heavy Lift conference and to the Breakbulk Europe Expo. We have also participated as exhibitors at various expo's, such as SAPICS, The International Book Fair and at Breakbulk Africa.’

Three transport divisions, scalable business modelConcargo has three distinct transport divisions encompassing all aspects and types of logistics solutions, namely: Road Transport Short-haul and Long-haul and Express Distribution throughout South Africa; Road Transport Cross/Over Border via all Ports in SA, SADC and neighbouring countries in Sub-Saharan Africa; and Project Cargo Management, Abnormal Out-of-Gauge, Heavy Haulage and Mobile Crane and Rigging Services, Relocation/Mobilisation Services.

According to Kruyer, service management - within the framework of distribution and logistics - is the name of the game in providing reliable supply chain services from start to finish. 'Our expedited trucking provides a daily door-to-door road haulage service throughout South Africa, hauling general dry cargo from one tonne up to thirty-six tonne loads to and from all destinations as into all SADC, neighbouring and remote countries in Sub-Saharan Africa.'We have invested heavily in customer relationship management (CRM) systems to preserve our knowledge base for the benefit of our customers while encouraging old school personalised service. Our business model is highly scalable due to its Owner Driver Hauliers and Sub-Contractor fleet base. 'We can supply from 1 to 100 trucks, or more, at short notice, especially when a ship docks and cargo needs to be discharged on a scheduled basis.

'Our Project Department, manned with highly qualified engineering specialists and experienced in all aspects of project transportation, assess the scope of work, survey the terrain, and quantify the end-to-end solution to complete the project,' explains Kruyer.

'Over the years, the project division have conveyed project shipments including vast over- dimensional and heavy lifts, and delivered on time and to the client's ultimate satisfaction. We foster partnerships with a wide range of asset owners, thereby providing access to a great variety of vessels and rolling stock through our strategic partnerships and alliances.

Forward thinking'The regulatory and business landscapes are changing dramatically and there is a transition within our industry with disruptive innovation, drone logistics, (loT) Internet of Things, Blockchain Technology and more,' says Kruyer.

'We have had to learn to adapt and innovate as never before. But the need to keep pace with these changes has a cost, and how we address these challenges must, in the end, benefit our customer and service providers. That's why collaboration amongst all players in the global supply chain community has never been more important.'

'Despite the many changes we are experiencing in terms of stagnation in the mining industry, reduced activity in the offshore drilling sector, the delay in infrastructure development and the unpredictable global economy we are confident of our future.

'We have a succession plan in place and continue to innovate. We are currently developing improved technology with apps to make tracking and tracing of cargo easier.

'Our experience is invaluable in being able to handle complex logistics and we have proved that no problem is insurmountable.

'We have not made it to this milestone of 30 years by sitting back, we are proactive and continue to adapt our business model to suit the business,' says Kruyer.

‘But we would not have made it this far without our clients and partners and we thank them for their loyal support. We are energised about the future and look forward to continuing to be the 'go-to' company for transport and supply chain logistics in Africa.'

Contact details:Concargo (Pty) Limited, Cargo House Cape Town, 6 Tierberg Road, Avondale, Cape TownTel: +27 21 930 9160http://www.concargo.com


TANZANIA

Gold lead Tanzania’s exports

Tanzania’s central bank says gold has regained its prestigious po-sition as the country’s largest non-traditional goods export.

The bank attributes the development to the rise in value of gold on the global market and increased production.

The rise in export value of gold comes amidst a controversy over the govern-ment's ban on the export of mineral con-centrates that has affected production at Acacia, the country’s largest gold miner.Bank of Tanzania’s (BoT) Monthly Eco-

nomic Review for March also shows that the mineral forms the major goods export because of reduced exports of manufac-tured goods.

In the year to February 2017 gold exports amounted to $1.46 billion (Sh3.2 trillion) being an increase from $1.16 billion regis-tered in the year to February 2016.

"Gold export improved by 25.6 per cent to $1.46 billion in the year ending Febru-

ary 2017 due to recovery in price at the world market and increase in volume," reads part of the report.

On the contrary, the report shows, the an-nual export value of manufactured goods fell to $1.0 billion (Sh2.2 trillion) in the year to February 2017 from $1.32 billion in the year ending February 2016 due to a re-duction in the export of edible oil, as well as iron and steel products.


TANZANIA

London Stock Exchange listed Kibo Min-ing’s two projects have satisfied two stag-es of Tanzania National Environmental Management Council (NEMC) standards.

The Council recently accepted and approve Environmental and Social Impact Assessment (ESIA) the second scoping reports for Mbeya Coal Mine and Mbeya power plant.

Completion of the second stage now paves way for the final ESIA certification of both proj-ects.

"Approval and acceptance of the ESIA scoping reports represents a critical point in the overall ESIA approval process. At this stage the ma-jority of the ESIA work - terms of reference, re-quired specialist studies, as well as consultation have been completed, submitted and accept-ed by the NEMC as compliant for certification," says Louis Coetzee, Chief Executive Officer of Kibo Mining

"We expect Stage 3, certification process, to be completed in a shorter time frame than usual, given the fact that the preparation work

for an accelerated conclusion of Stage 3 was done whilst awaiting approval of the scoping reports."

Kibo Mining says broad and productive consul-tation with various government departments led to swift approval of the scoping reports.

The company has applauded government’s continued support of Mbeya Coal and power project, adding that the recent and still ongo-ing policy changes and restructuring will have significant long term benefits for projects.

Kibo’s two projects gets government

green light

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Tanzania has announced intentions to impose a new regulation for mining companies to compulsory list on the bourse by August.

President John Magufuli said the decision is part of measures aimed at increasing transpar-ency and spreading wealth from the country's natural resources.

Last year, Tanzania issued regulations requiring holders of special mining licences to sell a 30 percent stake in their companies via an initial public offering within two years.

However, the mining ministry has now amend-ed the rules in February and set a new listing deadline to August 23.

Some of the companies to be affected by the requirement to list on the Dar es Salaam Stock Exchange include Acacia Mining Plc, Anglo-Gold Ashanti and Petra Diamonds.

"By listing these companies on the stock ex-change, we will be able to monitor how much (revenue) they actually get," Magufuli said.

The planned mandatory listing of mining com-panies comes after implementation of separate regulations requiring telecoms firms list on the local stock exchange.

Tanzania is Africa's fourth-biggest gold pro-ducer and also has vast deposits of coal, urani-um and precious gemstones.

Magufuli’s administration is introducing the barrel of reforms in the mining sector to make the most of its natural resources.

The government also recently set up a com-mittee to look into the legal and commercial framework of exporting concentrates from the country.

Composed of lawyers and economists, the committee is to audit the mineral concentrates trade since 1998, seeking to establish that gov-ernment earns its fair share of revenue.

"Make a follow-up on the number of containers that have been shipped from our country start-ing from 1998, and find out if these containers had gold, silver or copper and establish how many tonnes were exported every month," the president instructed the team.

President Magufuli also wants the committee to establish the net worth of exports and how much the country has been paid so far and whether the payments were correct.

The committee is expected to work closely with and complement the work of another commit-tee comprising geologists, to assess the recov-erable value of minerals in the concentrates and whether they would support local process-ing of the minerals.

Magufuli impose compulsory listing for mining companies

TANZANIA


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UGANDA

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President Yoweri Museveni has made a call for German companies to consider investing in Uganda.

Speaking on the sidelines of the World Economic Forum in Durban, South Africa Museveni said Uganda offers a perfect in-vestment environment.

Germany’s Federal Minister for Econom-ics and Energy, Brigitte Zypries said it was time the West recognized Africa as an equal partner, emphasizing that the con-tinent had developed in a dynamic way.

She said there is a lot to learn from Africa, citing mobile money banking where Afri-ca is a trailblazer.

Zypries also announced that her gov-ernment would establish a start-up fund worth Euros 100 million to support Africa.

In addition, she applauded German com-panies for offering to support vocational training in Africa.

“Africa has just begun to tap its potential and German companies can be of great help,” she said.

Joe Kaeser, the Chief Executive Officer of Siemens Group also sees the vast oppor-tunities Africa offers.

“Africa can develop its potential with the right partner. Siemens wants to support Africa’s sustainable development with solutions and projects in Africa, for Africa.”

He noted that Africa’s over one billion population and Uganda’s 40 million peo-ple offered a good market for partner-ships and success.

“It is about listening. It is about taking ac-tion. I want this continent to be successful. The one billion people in Africa should have the same aspirations and opportu-nities as the wealthy in Germany,” he said.


UGANDA

Civil society activists in collaboration with legislators in Uganda are lob-bying government to enforce mining laws to protect women in the sector.

The call was made during the National Dia-logue on Land and Extractives, held under the banner: ‘Harnessing citizen participation for good governance and sustainable livelihoods’

Attended by government officials, artisanal miners, district leaders, cultural leaders and civil society representatives among others, the conference discussed challenges women in the minerals sector face.

Nivatiti Nandujja, Human Rights Coordinator at Action Aid Uganda (AAU), said the extractives

sector is male dominated and women em-ployed in mines are working under inhuman and poor working conditions with meager pay.

"Women working in mines do not enjoy the entitlement provided for by the law. They don't get maternity leave or sick leave, but instead, when they get pregnant, they are simply laid off," Nandujja said.

Nandujja said despite the good policies and laws on gender based violence, the position of women has not improved and advocated for other interventions in addition to enforcement of policies and laws in order to ensure gender equity in extractives sector.

Catherine Nyakecho, the principal Geologist in

the Ministry of Energy and Mineral Develop-ment, disagreed with Nandujja that the miner-als sector is male dominated.

Quoting research by African Center for Ener-gy and Mineral Policy (ACEMP), Nyakecho re-vealed that women are more into stone quar-rying, salt mining, marble, limestone, and sand mining - the low value minerals.

She said women in mines have been exposed to more poor working conditions than men.

Citing examples, Nyekecho said in stone quar-rying - women and children are engaged in crashing stones with their bare hands, which exposes them to accidents and a lot of dust, which affect their lives.

NGOs, legislators lobby for women rights in mines


UGANDA

Uganda’s thriving infrastructure devel-opment has lead to increased sand mining in the country.

Dr Tom Okurut, the executive director of the National Environment Management Authority (NEMA) said massive investments in real estate, power dams at Karuma and Isimba and road works has pushed up demand for sand.

Dr Okurut highlighted that some of the con-struction companies require about 5000 metric tonnes of quality sand monthly.

He fears that Uganda may soon run out of

sand to complete the huge infrastructural de-velopments in the country.

“The country may not have enough sand in terms of quality and content in the near future,” Dr Okurut said.

NEMA refuted reports that sand mining is tak-ing place in the country's lakes, so far, the Au-thority has issued permits to four companies to carry out large scale sand mining under strict regulation.

There have been concerns that unregulated sand mining could negatively affect the coun-

try's lakes and rivers.

Dr Okurut said sand mining should take place on the wetlands and beaches where deposits have taken place for a long time.

He further said under the regulated mining, companies issued with permits are tasked to ensure that they restore the places mined of sand to almost their original state.

NEMA also allayed reports of Uganda’s sand being exported citing that at Uganda Revenue Authority has records to show that no sand is being exported.

Sand mining increase in Uganda

…attributed to massive infrastructure development


INTERNATIONAL NEWS

International mining company De Beers Group and its joint ventures spent more than P4 billion (approximately US$380million) in Botswana in 2016 purchasing goods and ser-

vices from local businesses.

According to the Group’s latest Report to Soci-ety the procurement comprised payments for both core business and ancillary services.

The report further notes that De Beers Group and its joint ventures also increased the amount they invested in community development pro-grammes in Botswana.

“Recognising the importance of Botswana’s rich ecosystem, De Beers Group and its joint ventures also ran a number of programmes designed to protect species under threat or in danger of extinction,” reads part of the report.

One of the beneficiaries is a rhino conservation initiative, supported by Debswana – the 50/50 joint venture between De Beers Group and Bo-tswana – to increase the country’s rhino pop-ulation through a breeding programme that then releases rhinos back into the wild.

Other projects include the HIV/AIDS pro-grammes, helping reduce the number of HIV positive employees in Debswana dying from the disease to less than one per cent – down from 31 per cent just 15 years ago.

“While our diamond partnership with Botswana has delivered a great deal of direct economic benefit over the last five decades, we are in-creasingly looking for ways in which we can also maximise our contribution outside of our core business.

“Putting the supply chain to work is helping to secure jobs and deliver substantial benefits to local businesses across a range of sectors,” Bruce Cleaver, CEO, De Beers Group, said.

He said the company’s community investments are helping with the provision of important services for people who need them across the country.

Globally De Beers Group returned US$5 billion to stakeholders – a 26 per cent rise on 2015 – through taxes, payments and dividends, em-phasising the importance of the relationships with stakeholders, including governments, communities, suppliers and joint venture part-ners in 2016.

De Beers increase spending in Botswana


INTERNATIONAL NEWS

Bannerman Resources Limited devel-opers of Etango Mine have reported a successful first quarter positioning the company to improve Namibia’s uranium

sector outlook.

The company says has continued its solid progress over another successful quarter, cul-minating in commencement of Definitive Fea-sibility Study (DFS) update to gauge the capital and operating cost improvements.

“Uranium sector sentiment is improving, sup-ply and demand dynamics are tightening and we can foresee a number of catalysts poten-tially coming into play in the short term," said Brandon Munro, Bannerman's Chief Executive Officer.

The DFS update in conjunction with our key consultants, AMEC Foster Wheeler will target substantial capital and operating cost improve-ments through incorporating the results from the Etango Demonstration Plant and evaluat-ing other value accretive opportunities in pro-

cessing, mining and infrastructure that have been developed through internal engineering undertaken by the Bannerman team.

According to the company, the DFS update will focus on the key results obtained from the demonstration plant and other work including potential improvements on comminution, heap leaching, processing, infrastructure and mining.

Meanwhile Bannerman has entered into a subscription agreement with the One Econo-my Foundation to become a 5% loan-carried shareholder in the Etango Project.

This Namibian ownership complies with the Etango project licence conditions and cements a key pillar of Bannerman’s corporate social re-sponsibility in Namibia.

The One Economy Foundation is a promi-nent Namibian not-for-profit organization with programs that directly support government’s flagship Harambee Prosperity Plan for poverty alleviation.

Etango to spur Namibia’s uranium

productionLiqhobong’s

diamond recoveries

surge Quarterly update on commissioning and pro-duction ramp up activities at Lesotho’sLiqhobong Diamond Mine has indicated that commissioning activities are complete with final ramp up progressing on track.

The developers Firestone Diamonds recently told stakeholders that 639,000 tonnes were treated with nameplate capacity continuing to be achieved.

According to the company said scheduled plant commissioning modifications carried out in the quarter resulted in a higher grade of 20.1 cpht achieved for March and the grade expected to continue to rise post the imple-mented plant modifications and the mining of higher grade ore in the main pit in the coming months.

So far recovery of over 31 special stones larger than 10.8 carats as well as the continued re-covery of fancy yellow diamonds has been re-corded compared to the previous quarter, 27 special stones were recovered.

Meanwhile, Firestone Diamonds’ first two dia-mond sales held during the quarter in Antwerp saw all 127,590 carats offered for sale sold, achieving an average price of US$107 per carat for total sale proceeds of US$13.7 million.

"It is pleasing to see that the improvements and modifications made to the plant during com-missioning have improved performance.

We are now starting to move towards the better quality ore areas which will be treated towards the end of the current quarter and l look forward to providing further updates as we complete the final ramp up phase over the coming months," said Stuart Brown, Firestone Diamonds Chief Executive Officer.

East African Mining News | June - August 2017 23


The latest ‘Africa Attractiveness’ report by EY has highlighted that the continent has moved a leap to use other sectors to attract investors apart from mining.

According to the report, 6.2% of foreign direct investment (FDI) for the mining sector, includ-ing industrial and precious metals, coal, oil, as well as natural gas, landed in Africa last year.

However, the surge in capital investment was primarily driven by capital-intensive projects in two sectors — real estate, hospitality and construction (RHC), and transport and logis-

tics. The continent’s share of global FDI capital flows increased to 11.4% from 9.4% in 2015. This made Africa the second-fastest growing FDI destination by capital, EY says.

The EY analysts attribute the small figure corre-sponding to mining to a broadening of green-field FDI projects beyond the extractive sectors, with most of the money (58%) flowing to the so called “hub economies” — South Africa, Egypt, Morocco, Nigeria and Kenya.

South Africa remains the continent’s leading FDI destination, when measured by project

numbers, increasing 6.9%.

Morocco regained its place as Africa’s second largest recipient with projects up by 9.5%, fol-lowed by Egypt, which attracted 19.7% more FDI projects than the previous year.

EY says there are new clusters emerging in the continent, being the Francophone and East Af-rican markets of particular interest to investors.

In addition, Ghana, West Africa’s second largest economy, remains a key FDI market.

Extractive industry attract less FDI in 2016

INTERNATIONAL NEWS

British company Gem Diamonds contin-ues to recover high quality diamonds from its Letšeng mine in Lesotho.

In May, the company announced the recov-ery of a high-quality 80 carat, D colour Type II diamond, this follows the recovery of a 114 carat diamond from Letšeng, the highest dollar per carat kimberlite diamond mine in the world

early April.

Commenting on this recovery Clifford Elphick, Gem Diamonds Chief Executive Officer said: " Although this 80 carat diamond is not of the very large size for which Letseng is renowned, it is one of the highest quality diamonds recov-ered at the Letseng mine and is entirely un-damaged making this a significant recovery ".

Gem Diamonds is a leading global diamond producer of high value diamonds and owns 70% of the Letšeng mine in Lesotho. Since Gem Diamonds' acquisition of Letšeng in 2006, the mine has produced four of the 20 largest gem-quality white diamonds ever re-corded.

Letšeng continue to raise high Gem Diamonds flag


INDUSTRY INNOVATION

De Beers Group has announced its lead-ing ground-breaking research project that aims to deliver carbon-neutral mining at some of the company’s op-

erations in as few as five years.

The company’s scientist are working in close collaboration with a team of internationally-re-nowned scientists to investigate the potential to store large volumes of carbon at its diamond mines through the mineralisation of kimberlite ‘tailings’, the material that remains after dia-monds have been removed from the ore.

According to De Beers Group, the project will investigate the storage potential across its dia-mond mines globally.

The project will utilise extensive research to as-sess the carbonation potential of kimberlite, a rare type of rock that has been found to offer ideal properties for storing carbon through mineral carbonation technologies.

De Beers wants to accelerate what is already a naturally occurring with a safe process of ex-tracting carbon from the atmosphere and stor-ing it at a speed that could offset man-made carbon emissions.

Scientists estimate that the carbon storage potential of kimberlite tailings produced by a diamond mine every year could offset up to 10 times the emissions of a typical mine.

De Beers Group’s Project Lead for the initiative, Dr Evelyn Mervine, said: “This project offers huge potential to completely offset the carbon emissions of De Beers’ diamond mining oper-ations.

“Mineral carbonation technologies are not new, but what is new is the application of these tech-nologies to kimberlite ore, which is found in abundance in the tailings at diamond sites, and which offers ideal properties for the storage of very large volumes of carbon.

“As part of the project, we are looking at how these existing technologies can be modified to develop specific solutions suitable for storing carbon in kimberlite tailings.

“The research is in its early stages and it may take some time before it is economically or practically achievable to tap into this full stor-age potential. However, even just tapping into a small amount could greatly reduce the net emissions at many of our mine sites in the near future, and possibly lead to carbon-neutral mining at some sites within the next five to ten years.

“As technology improves over time, more and more carbon could feasibly be stored in kim-berlite tailings, meaning we could ultimately offset more emissions than we are producing.”

Mineral carbonation is a natural or artificial process whereby rocks at the Earth’s surface

react with carbon dioxide sourced from the at-mosphere and lock it away in safe, non-toxic, solid carbonate materials – taking that form in kimberlite rock in this instance.

The work being undertaken by the project team could have significant applications for the broader mining industry, as the ideal carbon storage characteristics of kimberlite rock are also found in rocks mined for other commodi-ties, such as nickel and platinum.

“By replicating this technology at other mining operations around the world, this project could play a major role in changing the way not only the diamond industry, but also the broader mining industry, addresses the challenge of re-ducing its carbon footprint.

“By investing in ground-breaking projects such as this, aligned with the FutureSmart Mining™ innovation programme of our parent compa-ny, Anglo American, we have the real potential to leave a positive, long-lasting legacy for the global mining industry,” said Bruce Cleaver, De Beers Group Chief Executive Officer.

Mineral carbonation potential assessment studies are currently underway for Venetia Mine in South Africa and Gahcho Kué Mine in Canada. Further research and detailed studies will continue in 2017 and 2018 to assess the car-bonation potential at these and other De Beers Group mines.

Carbon-neutral mining on the cards at De Beers mines


INDUSTRY INNOVATION

Konecranes has completed acquisition of Terex MHPS trading as Demag Cranes, Hoists, Material Handling and Ports Solutions.

According to the company the acquisition will improve Konecranes’ position as a focused global leader in the industrial lifting and port solutions market, as the two crane brands share their considerable combined knowledge and technology, becoming a substantial force in the lifting business in sub-Saharan Africa..

Konecranes anticipates achieving substantial growth opportunities in the service business which is already a stronghold of the company in Southern Africa.

The company has a long history of conducting routine service inspections, repairs and refur-bishment of Demag cranes.

In South Africa, the merger also extends to the Wolff Cranes brand which was acquired by Demag in the late 1980’s.

In terms of the port material segment, it in-cludes handling technology with a broad range of manual, semi-automated solutions under the Gottwald and Noell brands.

“We are extremely proud to combine forces with Demag. We want to provide a home for Demag and Port Solutions, from which these businesses can grow and become stronger as part of our joint organization.

The acquisition makes it possible for us to re-alize a long list of synergies between our two companies. We will be one technology com-pany, ready to create the next generation of lifting,” Knut Stewen, Konecranes’Managing Director Southern African Countries and Vice President Head of Region Africa,said

Stewen’s sentiments were also echoed by John Haarhoff, Managing Director of Demag MHPS (Pty) Ltd. “We strongly believe that in the long term, the sharing of combined technology will allow the two businesses to develop solutions that will further improve the productivity and safety of the Demag, Wolff and Konecranes.

We aim together to excel at providing the ser-vices our customers require”.In a first joint team effort, the Demag/Kone-cranes team signed a three year service and maintenance contract for Arcellor Mittal Sal-danha Steel Mill which will require a supervisor and four technical teams on site.

Based on 2015 financials, Konecranes and Demag had aggregated sales of approximate-ly EUR 3.5 billion, adjusted EBITDA of EUR 267 million and a total workforce of approximately 19,000”.

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Mining industry’s prospects to attract FDI slowdowneastafricanminingnews.com/wp-content/uploads/2017/... · ed 58% of the continent’s total FDI projects in 2016. South Africa