Africa

South African miner Exxaro has made a takeover bid for Australian miner Territory Resources for A$123 million in cash.

Territory has an iron ore operation in Australia’s Northern Territory, with an operating mine at Frances Creek positioned close to rail and port infrastructure serving the port of Darwin. The mine produces approximately 1.6 million tonnes per annum of lump and fine direct shipping ore.

Territory also owns rights to iron ore tenements in the vicinity of Frances Creek.

Having established a solid market position in the downstream and retail oil market in East Africa, MOGAS is expanding aggressively and preparing to diversify. CEO Geoffrey Rugazoora outlined his vision to John O’Hanlon.

African Rainbow Minerals has recently embarked on another phase of expansion – this time mining a new commodity in a new country. Jayne Alverca takes to the copper trail.

Allan Morrison, Central Asia operations manager of BCM Group, West Africa’s longest established surface mining and civil earthworks contractor, talks to Jayne Alverca about what it takes to become the partner of choice to some of the mining industry’s biggest players.

As development at the South Deep mine in South Africa continues to advance, Gold Fields plans to ramp up production and reach full capacity by 2014. If things go according to plan, South Deep looks set to become one of the world’s most productive gold mines.

Africa-focused investment company Lonrho has said it will acquire a 51 per cent equity interest in seafood wholesaler Fish On Line for R3.5 million in cash.

Cape Town, South Africa-based Fish On Line operates bulk cold storage and fish processing facilities, wholesale seafood operations, and a global import & export business.

With its primary focus in the catering and retail sectors, Fish On Line deals in a wide range of products including prawns, lobster, salmon, pangasius, hake and kingklip.

South Africa’s largest private hospital operator Netcare has announced a rise in first-half profits of 15 per cent, driven by a strong performance in South Africa.

Profits for the six months ending 31 March rose to R666 million, up from R579 million in the same period a year earlier.

The company said that growth in the South African market was able to offset far weaker results in the UK, where the challenging economic environment had a negative impact.

Electricity supply is a crucial ingredient of any supply chain, but in South Africa, urgent action is required to restructure the electricity distribution industry (EDI), as Dr. Willie de Beer explains exclusively to Martin Ashcroft.

Research and development is not only the hallmark of Karbochem’s success but also its greatest opportunity for the future, as Gay Sutton discovers from commercial director and chairman Dr Abraham Brink.

In just two-and-a-half years, Etisalat Nigeria has carved a place for itself in the Nigerian communications industry. CEO Steven Evans describes to Gay Sutton how he aims to take the company to the top.