Africa

Petrolube, an affiliated member of the global lubricants group Fuchs Group, was established in Dar es Salaam, Tanzania, more than a decade ago. Now, exponential growth in the mining of gold and other minerals has presented it with unique opportunities.

South Africa’s Department of Energy has approved 19 proposals for renewable energy projects in the second round of its request for bids.

The Department of Energy received 79 bids in total for the second round, of which 51 met the qualification criteria. However, given the MW limitation and competition, only 19 bidders were selected as preferred.

Together, the second round proposals represent almost R28 billion in investment.

South Africa’s AVI has acquired footwear manufacturer and retailer Green Cross, it has been announced.

AVI, whose licenced brands include Lavazza and Douwe Egberts Cafitesse in the food and beverage sector; and fashion names including Kurt Geiger and Lacoste, said the transaction represents a rare opportunity to acquire an established, category-leading brand of relevant scale with a solid record of profitable operations.

SGS is the world’s leading inspection, verification, testing and certification company; and in West Africa, demand for its services is as high as ever, as Alan Swaby discovers.

Anyone working or simply taking an interest in gold mining will know full well that nothing can be said to potential investors about the value of a prospect that isn’t backed up by independent verification. In fact, as service providers go, there can’t be many that are as busy as those involved with testing and certification.

Twelve years after listing on the Johannesburg exchange, South Africa-based logistics company OneLogix is poised for exponential growth. CEO Ian Lourens talks to Gay Sutton about the importance of balancing entrepreneurial spirit with meticulous attention to detail.

In the 20 years from 1992, the Harris sisters built their company from nothing to a R200 million organisation. CEO Caron Harris spoke to Ruari McCallion.

A major natural gas discovery has been made offshore Mozambique in the deepwater Rovuma Basin.

The discovery was made by London, UK-based Cove Energy together with its partner, Houston, US-based Aanadarko Petroleum, nearly 20 miles north-west of the Prosperidade complex.

The Golfinho discovery well encountered more than 193 net feet of natural gas pay in two high-quality Oligocene fan systems. The well was drilled to a total depth of approximately 14,885 feet in water depths of approximately 3,370 feet.

Coal of Africa Limited (CoAL) has completed its acquisition of Rio Tinto and Kwezi Mining’s shares in both Chapudi Coal and Kwezi Mining and Exploration (KME).

The acquisition has been carried out by Keynote Trading & Investment 108, a subsidiary of CoAL.

Chapudi and KME hold the prospecting rights for the Chapudi Coal Project and related exploration properties in South Africa’s Soutpansberg coalfield in the Limpopo Province. CoAL originally agreed to acquire the Chapudi coal assets from the previous owners in November 2010.

The Alliance for Responsible Mining (ARM) seeks to transform global gold production by integrating and formalizing the position of countless artisanal and small-scale miners. Executive director Lina Villa Córdoba talks to Jayne Flannery about ARM’s vision for the human face of the industry.

Lucien Bradet explains how the Canadian Council on Africa is working to change negative perceptions of the continent, support investment into Africa, and ensure that knowledge and skills are transferred with it.