Market News
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Korean firm to build graphite plant
Posted on :Thursday , 29th October 2015
SOUTH Korean engineering firm, POSCO, may build and help arrange financing for a graphite project in Tanzania being developed by Magnis Resources, as the Australian explorer races to start production from the east African site by 2017.
Demand for graphite is expected to soar as it is a major ingredient in lithium-ion batteries for hybrid vehicles and wind and solar energy storage, with a. . .The Dar Misr housing construction project in Africa on good track
Posted on :Tuesday , 27th October 2015
The Dar Misr housing construction project in Egypt is on the right track and that 31% of the first phase has been completed, project supervisor Mohamed Nabih has confirmed. The first phase has a total of 13,269 units in New Cairo and 5,712 units in New Damietta
According to the project supervisor Nabih in a report handed over to Egypt’s Minister of Housing Mostafa Madbouly . . .Tender winner for the construction of major highways in Zimbabwe to be announced
Posted on :Tuesday , 27th October 2015
The tender winner of US $2 billion construction project of major highways in Zimbabwe will be known soon. Three finalists for the dualisation of Beitbridge-Harare and Harare-Chirundu highways have been submitted to the Vice President of Zimbabwe, Emmerson Mnangagwa for consideration before the final winner is chosen.
The three were selected out of the final 12 and the VP will hav. . .Construction a new wax plant in Africa begins
Posted on :Monday , 26th October 2015
Construction work on the second phase of a new wax plant in South Africa has began. The wax plant is at Sasolburg, Mpumalanga. The construction of the plant marks the beginning of the second phase the first one having constructed early this year.
According to the President and CEO of Sasol Group, David Constable, commissioning of this second phase of the new wax plant in South Af. . .Railway investments in Egypt Set to hit US$11Billion by 2030
Posted on :Saturday , 24th October 2015
Railway investments in Egypt are set to hit US$11 Billion by 2030 chairman of Egypt’s National Railway Authority Ahmed Hamid has announced. He noted enormous growth of the railway system in the country.
He added that the general investment plan of the authority is represented in three axes: the most important one is the urgent plan, with an estimated value of EGP7.17b. . .Please Select an Option
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