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Category: Cement

CINAT revival was at the center of a meeting at the Presidency of the Republic with all the stakeholders 1 Cement Mining in DRC 

CINAT revival was at the center of a meeting at the Presidency of the Republic with all the stakeholders

Copperbelt Katanga News
The conflict situation currently prevailing at the Cimenterie Nationale was the subject of a meeting at the Cabinet of the Head of State, chaired by André Wamesso, Deputy Chief of Staff of the President of the Republic. Together, provincial deputies from Kongo Central, trade unionists from CINAT and other partners reviewed all the aspects related to the revival of this public company. After twelve years of work stoppage at the Cimenterie Nationale (CINAT), a farm-out contract had been signed between the Congolese State, via the Ministry of Portfolio, with the… Read More Here
947,000 tons of gray cement produced at the end of August 2022 in DRC 2 Cement Mining in DRC 

947,000 tons of gray cement produced at the end of August 2022 in DRC

Copperbelt Katanga News
The cement industries of the Democratic Republic of Congo achieved a production of 947,000 tons for the period from January 1 to August 31, 2022. This is what emerges from the latest summary of statistical information published by the Central Bank of Congo. (BCC). Cement production is down during the period under analysis compared to the same period of 2021 when cement production was estimated at 10,606 tonnes, the same source reports. There is a drop in production of around 659,000 tonnes of cement in eight months of the current year.… Read More Here
Africa: Dangote Cement recorded profits of USD 890 million in 2021 3 Cement 

Africa: Dangote Cement recorded profits of USD 890 million in 2021

Janet
At the end of the financial year 2021, Dangote Cement Plc, the cement group owned by Nigerian billionaire Aliko Dangote, recorded profits of around 890 million US dollars. This company of Aliko Dangote is established in 10 countries on the African continent. These figures achieved in 2021 compared to 2020 represent an increase of 32%, a performance supported by the good orientation of the Group’s commercial activity. According to data provided by this company, the company’s sales increased by 14% to 29.3 million tonnes of cement at the end of… Read More Here
Lafarge Zambia stock appreciation, a correction triggered by Huaxin M&A deal 4 Cement Mining in Zambia 

Lafarge Zambia stock appreciation, a correction triggered by Huaxin M&A deal

Janet
One stock trading actively on the Lusaka Securities Exchange – LuSE that has stolen traders attention is Lafarge Zambia Plc (ZM:ISIN0000000011) that has seen a surge in positive price momentum over the last few weeks. Currently pegged at a market capitalisation of K1.95 billion (circa $87 million) compared to a $150 million enterprise value that Huaxin China will pay for the 75.0% majority stake in Lafarge Zambia, Lafarge stock has rallied 95.0% to K9.78 per share between 18-30 June resulting in a x3.5 amplification in market capitalisation from start of… Read More Here
Lafarge Cement Zambia bought off by China’s Huaxin Cement For $150-million 5 Mining in Zambia Cement 

Lafarge Cement Zambia bought off by China’s Huaxin Cement For $150-million

arnbethnic
China’s Huaxin Cement is set to increase its footprint in Africa following its recent acquisitions in East Africa (Tanzania) where it bought off debt – laden Athi River Cement – ARM unit, Maweni Limestone Limited through paying off its $116-million worth of obligations and injecting $30-million into the completion and upgrade of its production factory. The Chinese Cement giant has extended to Central Africa as it takes over control of Zambia’s largest cement name, Lafarge Plc for a 3-yard Kwacha equivalent.  According to a Stock Exchange News – SENs announcement… Read More Here
Dangote Sells Cement For N1, 800 In Zambia, N3, 500 In Nigeria 6 Cement Mining in Zambia 

Dangote Sells Cement For N1, 800 In Zambia, N3, 500 In Nigeria

Janet
The Dangote Cement Group sells its product in Southern African country, Zambia, for at most 110 Kwacha which equals to about N1, 800 in Nigeria, while the same product sells for not less than N3, 500. The Zambia Board of Commissioners of the Competition and Consumer Protection Commission said it ordered Lafarge Zambia Plc, Dangote Cement Zambia Limited and Mpande Limestone Limited to revert to the cement prices ranging between Kwacha 99 to Kwacha 110 after there was uproar over its recent increment. The Board also fined Lafarge Zambia Plc… Read More Here
Zambia’s Oligopolistic Cement market flogged by Competition Regulator for ‘unbridled business’ behaviour 7 Cement Mining in Zambia 

Zambia’s Oligopolistic Cement market flogged by Competition Regulator for ‘unbridled business’ behaviour

Janet
The competition regulator in Africa’s copper producer Zambia has fined cement ‘oligopolistic’ producers Lafarge and Mpande Limestone 10% of annual turnover for two financial periods namely 2019 and 2020 for purported ‘unbridled business’ behaviours amounting to uncompetitive practices through purported price fixing. In a press release from the Competition and Consumer Protection Commission (CCPC), Lafarge Zambia Plc and Mpande Limestone Limited were fined 10% of their 2019 and 2020 turnovers for price fixing and division of markets while Dangote Cement was granted full leniency for having co-operated with the commission… Read More Here
DRC: 1.083 million tonnes of cement produced in 2020, down 21% compared to 2019 8 Cement Mining in DRC 

DRC: 1.083 million tonnes of cement produced in 2020, down 21% compared to 2019

Janet
The cement industry in the Democratic Republic of the Congo produced 1 million 83,484 tonnes of cement during the year 2020 against 1 million 382,081 tonnes in 2019, i.e. a drop in production of 21%, according to the statistics recorded by the Central Bank. of the Congo. Although declining, cement production in 2020 is higher than in 2018, estimated at 1,048,340 tonnes, and in 2017, which was 899,533 tonnes. Read More Here
TFM Cement Mining in DRC New Mining Projects 

The new lime plant built by the TFM company | DRC

arnbethnic
The Minister of Mines, Prof. Willy KITOBO SAMSONI took advantage of his mission in Haut-Katanga and Lualaba to visit, on January 08, 2021, the new lime factory built by the TFM company. As a man in the field and a well-informed scientist since he was a University professor in the field, he followed all the explanations and left satisfied with this important investment mounted in record time. The Minister of Mines encouraged them to continue supporting the development of the Congolese mining sector since by setting up this industrial production unit with… Read More Here
Lime Cement Limestone Mining in DRC 

Minister of Industry launches lime production at the Grande Cimenterie du Katanga in Likasi | DRC

arnbethnic
The Minister of Industry, Julien Paluku Kahongya, with his colleague from Mines, Willy Kitobo, has just launched, on Monday, October 26 in Likasi in the province of Haut-Katanga, the production of lime by the Grande Cimenterie Katanga (GCK) with a capacity of 300,000 tonnes per year. In his speech, Julien Paluku specified that the launch of this industry will enable the Republic to produce 300,000 tonnes of lime and 2,200,000 tonnes of cement per year. What to believe is part of the vision of the Head of State, Félix Tshisekedi,… Read More Here

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