Cement News tagged under: Mamba Cement

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South Africa’s long walk to recovery

08 February 2022, Published under Cement News

While 2021 saw some pick-up in South Africa’s cement market, analysts do not expect a full recovery before mid-2024. By Industry Insight, South Africa. As the COVID-19 mutation Omicron sweeps through the country, South African cement producers see market recovery postponed (Photo credit: AfriSam) The South African economy remains in crisis. Although there was a recovery in local production and consumption in 2021, record lows due to the COVID-19 pandemic and a lockdown-ravage...

Tanzania: CNBM and FLSmidth sign MoU for Mamba Cement plant

13 August 2015, Published under Cement News

CNBM International Engineering Co Ltd, China, together with FLSmidth Pvt Ltd, India, as the sole technology partner has signed a Memorandum of Understanding with Mamba Cement Company Ltd, Tanzania, for the engineering, supply and construction of a 3000tpd greenfield cement plant in Bagamoyo, Tanzania, on a turnkey basis.     The new plant project of Mamba Cement Company is expected to take 30 months to build and start operations.   CNBM International Engineering Co Ltd, China is currently wo...

Mamba Cement to build new South Africa plant

14 May 2014, Published under Cement News

Nedbank Capital and the Bank of China Johannesburg have jointly announced the raising of debt capital to fund a new entrant into the South African cement industry. The project is being undertaken by the Mamba Cement Company, a special purpose vehicle established to construct and operate the cement production facility and mine the limestone. The equity required for the project was provided by the Jidong Development Group (majority shareholder in the project), the China-Africa Development...

South Africa: Chinese investment for Mamba Cement in place

21 November 2013, Published under Cement News

The Mamba Cement project, jointly funded by China's Jidong Development Group, the China-Africa Development Fund and a South African cement company, signed the financing agreement in Johannesburg for work to begin on the project. The greenfield plant will cost US$220m to build and will be situated in Limpopo Province, South Africa. The capital fund of the project is US$100m, 51 per cent of which is held by Chinese shareholders. Unlike traditional overseas investment financing, Mamba receiv...