Cement News tagged under: Dangote Cement
Dangote Cement applies for two-year free float extension, Nigeria31 July 2012, Published under Cement NewsDangote Cement Plc is seeking an extension of the free-float waiver it secured from the when it merged with Benue Cement Company Plc two years ago, reports from the Nigerian Stock Exchange (NSE) indicated. The 24-month waiver extension is to enable the company remain listed on the stock exchange despite maintaining a free-float that is below 25 per cent, a violation of the NSE requirement for listed companies. Out of the companies listed on the Nigerian bourse, Dangote Cement is one o... |
Lagos state agrees deal with Lafarge and Dangote24 July 2012, Published under Cement NewsThe Lagos State Government has signed a new deal with Dangote Cement Plc and Lafarge Cement WAPCO Plc to ensure undisrupted cement supplies to construction firms contracted to handle various infrastructure project which the state government is set to embark upon. Commissioner for Works and Infrastructure, Dr. Obafemi Hamzat revealed the details at a media briefing where he said the state government had started looking into cement mix as an alternative method in road construction. Ha... |
Dangote to be issued with Zambian mining licence, Zambia10 July 2012, Published under Cement NewsAn advisory committee set up by the Zambian government is to meet within the next two weeks and issue a mining licence to Dangote Cement of Nigeria. The delay to the issuance has resulted in delays to construction of Dangote’s 1.5Mta cement plant in Zambia’s Masaiti District on the Copperbelt. However, the Mines, Energy and Water Supply Permanent Secretary Victor Mutambo has now said the advisory committee would be sitting in the next two weeks and would issue Dangote Industries with the ... |
Dangote Cement to improve distribution network, Nigeria25 June 2012, Published under Cement NewsThe management of Dangote Cement said it was reviewing its distribution network to ensure availability of the product by creating wider access for its customers. The company said that this would not only ensure price stability but also guarantee availability of product at the most reasonable price. Devakumar Edwin, Group Managing Director of Dangote Cement, said that at the height of skyrocketing cement prices, the company had acquired 5000 trucks to boost its logistics and pave the way f... |
Work restarts at Dangote’s Douala works, Cameroon19 June 2012, Published under Cement NewsConstruction of Dangote Cement’s plant in Cameroon has restarted after a land dispute is resolved, Reuters reports. Work on the 1.5Mta cement plant, situated in Douala, began last September and was scheduled to last 15 months. However, construction was halted earlier this year after the ethnic Sawa people filed an injunction against the project, complaining it violated their sacred site on the banks of the Wouri River. “Following instructions from the Presidency of the Republic, work has... |
Dangote commissions Obajana Line 3, Nigeria12 June 2012, Published under Cement NewsAliko Dangote has commissioned the expansion of his Obajana cement plant, raising capacity to 10.5Mta. The additional 5.25Mta line is part of the company’s efforts to make it a powerhouse of African production as it aims to reach 50Mt of capacity across the continent by 2015. Dangote said that this recent investment in this new Line No 3 at the Obajana plant situated in Kogi state, raises the company’s domestic capacity in Nigeria to 28Mt. Nigerian president Goodluck Johnson preside... |
Dangote Cameroon plant to proceed, Cameroon07 June 2012, Published under Cement NewsDangote Cement Plc is being granted permission by the government of Cameroon to build a factory in the port city of Douala after a dispute over land was resolved, Bloomberg reports. A ban on use of the land was lifted on May 28 and the Nigerian company was granted a construction permit on June 4, Government Delegate to the Douala City Council Fritz Ntone Ntone said in a statement handed to reporters yesterday in Yaounde, the capital. Work has already begun on the site and the project is ex... |
Dangote Cement new Zambia plant facing delays31 May 2012, Published under Cement NewsConstruction of Dangote Cement’s US$500m cement plant in Masaiti District, Zambia, has suffered a setback following delays by the government in issuing a mining license. Speaking to the Times of Zambia, Dangote Industries general manager Viveka Heblikar said his company had submitted all the documentation and was only waiting to be granted the mining licence. As a result, the company cannot undertake any mining activity in the area. But Mines Minister Christopher Yaluma said the issua... |
Dangote’s Calabar plant nears completion, Nigeria29 May 2012, Published under Cement NewsDangote Cement’s 6Mta plant in Calabar, Cross-River state is expected to be completed in July, Alhaji Aliko Dangote Chairman of the company has said. Mr Dangote said the plant was almost completed and will be ready within 60 days. Its strategic location means that it will serve the domestic market of Nigeria as well as nearby markets such as Cameroon and Gabon. He added that with the planned expansion of the Ibese cement works (Nigeria)with another two 3Mta lines, the 11 June commissio... |
Dangote 1H12 profit forecast, Nigeria14 May 2012, Published under Cement NewsNigeria-based producer Dangote Cement said net income for the six months through June will probably be NGN77.5bn (US$492.5m), according to reports from Bloomberg. Revenue is forecast at NGN150.3bn, the African cement major said in a statement published on the Nigerian Stock Exchange’s website. |