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PPC announces earnings increase of 30% or more

South Africa’s PPC has advised shareholders that the increase in its headline earnings and attributable earnings would be 30 percent or more in the six months to March compared with the previous p...
News - 26 April 2004

Markets are looking up

After several weeks of a steady fall, rates seem to be on their way up again for all sizes. Capes were prompt to react especially in the Pacific and the number of ships open remains limited. The P...
News - 22 April 2004

Athi river expansion

  Kenya: cement maker Athi River Mining yesterday reported a 69 per cent rise in after-tax profit from Sh57.4m to Sh97m for 2003. The pre-tax profit was up 60 per cent from Sh82.1m to Sh131.2m.  ...
News - 01 April 2004

Chilanga Shareholders reject K60 dividend

CHILANGA Cement Plc shareholders last Friday rejected a K60 dividend offer arguing for an amount that reflected the company’s good performance for 2003. But the dividend was passed by division, af...
News - 31 March 2004

Cement firms prepare to replace coal

The South African cement industry is set to embark on a multi-million rand project to systematically replace some of the coal used in its kilns with alternative, waste-derived fuels. The first was...
News - 24 March 2004

Portugal Cimpor 2003 Net Profit

Portuguese cement group Cimpor - Cimentos de Portugal SGPS, reported a 5.3 per cent year-on-year rise in 2003 net profit to Euro 185.9m, the company announced on March 5, 2004.  The company’s turn...
News - 08 March 2004

Circem sees cement decline

Zimbabwe: Circle Cement Limited (Circem) has experienced a decline in demand for cement in the local market due to harsh economic conditions prevailing in the country, The Financial Gazette establ...
News - 19 February 2004

Panamax down but Handy going strong

The dry bulk markets, with the exception of the HandyMax and Handysize sectors have seen some changes, especially the Panamax one, which lost some ground in the East, where the availability of ton...
News - 11 February 2004

South African cement sales rise

South African cement volumes rose by 6.3 per cent y/y in January 2004 to 607,335t after increasing by 13.9 per cent y/y in December 2003 to 671,525t, data released by the Cement & Concrete Institut...
News - 11 February 2004

Strong increase from China and Japan give markets boost

After a slow start to the week, a strong increase of mineral inquiries from Chinese and Japanese charterers, has reversed the downward trend, which was the consequence of the end of the Chinese N...
News - 05 February 2004