Africa

London, UK-based Bisichi Mining has announced that its principal South African coal mining subsidiary, Black Wattle Colliery, has been approved an allocation of 87,500 tonnes of export tonnage at Richards Bay Coal Terminal.

The allocation falls under the four million tonnes per annum Quattro Programme, which allows junior black economic empowerment (BEE) coal producers—typically with annual export volumes below 250,000 tonnes per annum—access to the coal export market.

The allocation is provided on an annual basis.

Kenya Meat Commission is determined to resume its leading position in East Africa as a producer of top quality meat cuts and processed products. Julia Smith reports.

 British American Tobacco’s Nigerian subsidiary has a near-monopoly, commanding 80 per cent of the market—but this position has not been achieved without hard work and a positive strategy towards health and economic development.

The Coca-Cola Company’s 300 worldwide bottling partners are the powerhouse behind the global brand, as Becky Done finds out in discussion with Coca-Cola Bottling Egypt.

South Africa's Exxaro Resources has confirmed its bid of up to A$338 million for Australia’s African Iron.

Buying African Iron would give Exxaro ownership of the Mayoko and Ngoubou-Ngoubou projects, located in the Republic of Congo in central West Africa.

Nyanza Bottling Company Limited (NBCL), a joint venture between Sumaria Corporation and the CMG Group of Companies, is one of East Africa’s most dynamic companies. Christopher M Gachuma talks to Jayne Alverca about his passion for excellence.

Afric Oil, South Africa’s first BEE oil company, is embarking on a strategy to achieve security of supply and growth in the marketplace, as finance director Mangadi Dikotla explains to Gay Sutton.

BHP Billiton Energy Coal South Africa (BECSA) has entered into an empowerment transaction with a black-owned consortium led by Pembani Group, it announced today.

The consortium will effectively hold an eight per cent equity interest in BECSA, and also includes a Broad-Based Empowerment grouping. BECSA shareholders have also approved the implementation of an Employee Share Ownership Plan in which participating employees will hold a beneficial interest of two per cent equity in BECSA.

Afferro Mining has agreed to sell its 38.5 per cent interest in its Putu iron ore project in Liberia to Russia’s second biggest steelmaker.

Severstal, one of the world’s leading vertically integrated steel and steel-related mining companies, already owns the remaining 61.5 per cent of Putu through its subsidiary, Lybica Holdings.

Afferro will receive a cash payment of $65 million on completion of the deal. It said it would use the funds from the sale to accelerate its development strategy for its 100 per cent owned Nkout iron ore project in Cameroon.