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Edenville increase RoM coal production by 80% in Tanzania

During November, Edenville Energy increased run-of-mine (RoM) coal production at its Rukwa coal project in Tanzania by 80%. In addition, the company reported a 10% increase in washed coal production from October and said it had sold about 1000 t of washed coal. Three thousand tons of coal have been …

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Competition in African gas sector heightens

Slow development of gas economy in South Africa may push investors into other investment addresses. Wayne Lindecke, engineering consultant WSP power generation director said developers may focus their attention on other parts of Africa or other parts of the world where similar opportunities exist if South Africa does not speed …

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Companies sell ETFs as gold underperforms

The international gold exchange-traded fund (ETF) market is suffering, owing to the poor performance of the gold price in 2013, the South Africa-based investment banking division of Barclays Africa exchange traded products head Vladimir Nedeljkovic said. He says, while gold ETFs in South Africa have remained static, as investors are keeping …

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