Africa

South Africa’s Barloworld has agreed to acquire the Bucyrus equipment distribution and support business in South Africa and Botswana from Caterpillar Global Mining.

The deal, which is valued at approximately $115 million, will also see Barloworld take over Caterpillar’s agreements with Eqstra NH Equipment and Eqstra Botswana for the purchase of Eqstra’s South Africa and Botswana Bucyrus distributorship and mining services businesses.

Pan African Resources has agreed to buy Evander Gold Mines from Harmony Gold for R1.5 billion.

Evander, currently a wholly owned subsidiary of Harmony, mines and produces gold and related products and is located in Mpumulanga, South Africa.

West Africa’s largest economy is not entirely defined by its offshore resources: Presco Plc has been helping to reverse the decline in agricultural staples, and in particular the versatile fruit of the oil palm.

One of the great things about Tanzania, says Clive Jones, the managing director and co-founder of Power Providers, is that it allows you to reinvent yourself endlessly—and his life and company both testify to that.

This African printing company isn’t afraid to invest regularly and heavily in its quest to be the best.

African Iron Ore Group Limited and Société Guinéenne du Patrimoine Minier have announced the formation of a joint venture company to develop and finance infrastructure for the Simandou South iron ore mining project in Guinea.

Société Guinéenne du Patrimoine Minier (SOGUIPAMI), the government of the Republic of Guinea's investment vehicle, will work with African Iron Ore Group within the framework of the new company, Infrastructures Minières de Guinée Holdings(IMG). SOGUIPAMI will own 60 per cent of IMG and AIOG will own 40 per cent.

After being hurt by falling coal prices in 2008, Trollope Mining Services has grown dramatically by taking a more balanced approach.

Headquartered in Johannesburg, Trollope Mining Services provides expertise in surface mining services. These include opencast mining, rehabilitation, bulk earthworks, plant hire and road construction. Much of the work involves excavating land and then drilling and blasting, stock-piling usable materials and removing any rubble.

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.