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Nigeria: Dangote Cement to expand Ibese plant

Dangote Cement Plc has signed a contract to expand its Ibese plant, said Joseph Makoju, chief operating officer. The expansion will double output at the 6Mta plant in southwestern Nigeria. Signin...
News - 01 December 2011

Lafarge

Lafarge's turnover advanced by 2.4% in the first nine months to €11,471m, but including the gypsum division, much of it was sold in November, turnover edged up 1% to €12,210m. The ongoing EBITDA fe...
Corporate - 30 November 2011

South Africa: AfriSam to pay cartel fine

Afrisam will pay a fine of ZAR0.9m (US$106,889) for being part of a cement cartel with the other three major players in the domestic cement industry. This follows the Competition Tribunal yesterd...
News - 30 November 2011

Iraq – open for business

Last September, a delegation of senior ministers from Iraq’s government convened in London for the first Iraq Mining conference. The message they wanted to convey was that Iraq, after decades of w...
Articles - 22 November 2011

Alleged South Africa cement cartel hearing faces tribunal

South Africa’s competition Tribunal will consider a settlement agreement reached between AfriSam — a member of an alleged cement cartel – and the Competition Commission. According to the commissi...
News - 16 November 2011

Titan suffers from weak domestic market

Titan’s turnover for the first nine months of 2010 declined by 18.4% to €838.9m and the EBITDA came down by 15.5% to €219.8m as the company suffered from weak Greek sales both in terms of domestic ...
News - 11 November 2011

FLSmidth lowers 2011 world cement capacity outlook

FLSmidth on Thursday cut its full-year 2011 expectation for world cement capacity growth and narrowed its revenue outlook slightly towards the upper end of an earlier range. FLSmidth reported a f...
News - 10 November 2011

Pokot project on track, Kenya

Construction of the new Pokot cement works, being built by the Sanghi Cement group, will be completed in two years. The company said it is on course with all processes and that the project would t...
News - 09 November 2011

PPC aims for sales beyond South Africa to rise to 50%

Pretoria Portland Cement Co (PPC) said it’s aiming to increase sales from the rest of the continent to 50 per cent in the next five years. The contribution from Africa, excluding South Africa, ha...
News - 09 November 2011

PIC blocked in move to redeem Afrisam debt, take control

The Public Investment Corp’s (PIC) bid to redeem debt in Afrisam Ltd has been temporarily stopped by the Pretoria High Court, blocking the money manager’s bid to gain control of South Africa’s sec...
News - 02 November 2011