Power is closely tied to a surge of new infrastructure projects and rapid industrialisation across Africa, th significant opportunities still open to the power sector, delegates heard at a briefing for key power sector stakeholders in Sandton this week.

Infrastructure spend across Africa will grow at 10% per annum from 2015 and 2025, exceeding $180 billion by 2025. Much of this is expected in Nigeria and South Africa with Nigerian infrastructure spend topping $77 billion by 2025, while in South Africa infrastructure spend may reach $60 billion by 2025.

Strong development is also forecast in Ethiopia, Ghana, Kenya, Mozambique and Tanzania.This is according to Duncan Bonnett, Director Strategy & Business Development at Africa House, research partner to POWER‐GEN & DistribuTECH Africa, who was addressing power sector stakeholders in Sandton in the lead‐up to POWER‐GEN & DistribuTECH Africa 2018.

Outlining the importance of energy for Africa’s development, as well as some of the opportunities for the power sector, Bonnett said: “This infrastructure development is unlocking growth in basic manufacturing in sectors such as chemicals, metals and fuels, which in turn drives growth in spend on utilities. Transport accounts for just over $200 billion in projects across Africa – largely in rail, ports and road, followed by power with around $150 billion of projects in the system – not including Grand Inga, which is unlikely to be realised in the foreseeable future. 17% of the power projects are by South Africa, followed by 12% in Nigeria. It’s a very exciting space to be in at the moment.”

Power development across Africa goes beyond the ‘mega power projects’, he said. “It also extends to
consumer solutions and modular solutions.”

Bonnett noted that with adequate power, economies and industries saw immediate benefits, while a lack of power exacerbated problems. “For example, 50% of Tanzania’s crops rot because there are no cold storage facilities, which is due to inadequate power. Power is such an underlying aspect of development that spans just about every sector and every opportunity. In parts of Zambia, the roads are in a poor condition not because of trucks carrying copper and cobalt doing the damage; but because of the trucks carrying diesel to the mines.

The introduction of proper power to those mines would
actually go a long way to solving the roads problems in Zambia.” In DRC, he noted, as little of 400MW of power would enable mines to double their output.

Bonnett noted rapid change and development was taking place across the continent, with a rapid urbanisation, growth in basic manufacturing and ICT driving new wealth creation. “Nigeria saved $2 billion in foreign exchange last year because of the increase in their cement output. Just about every country in Africa is starting to see that dividend because of extra power in their industrial spaces, and we are starting to see this downstream in agri‐industrial and basic materials manufacturing growth.”

Particularly strong development was taking place throughout Africa’s ‘energy belt’, he said. “Across the region we are seeing strong infrastructure‐led growth.”

However, Bonnett noted that there were factors that had to be taken into consideration by stakeholders
seeking to benefit from the wave of growth and development: “We find a lot of South African companies have misconceptions about the region and what’s driving it.”

Bonnet warned that investors had to be cognizant of the growing importance of local content and preferential procurement across Africa. “You’ll have to have local content, a local office and skills transfer,” he said. “You’ve got to be in situ if you want to be part of the game.”

Platform for African power progress Africa’s leading power sector platform, POWER‐GEN & DistribuTECH Africa 2018, will serve to underpin progress in African power sector development, delegates at the briefing heard.

The event, Africa’s premier power sector stakeholder conference and expo, drew around 3,000 delegates, 25 exhibitors and 60 sub‐Saharan VIPs in 2017.

Feraye Gurel, Event Director Africa, Turkey and UAE at PennWell, noted that the event was scaling up to offer small and mid‐sized local stakeholders specialised marketing packages, to further support them in participating in the event.

David Graham, managing director of International Trade Projects and organisers of POWER‐GEN & DistribuTECH Africa’s VIP sub‐Saharan African programme noted that the mission would take place again in 2018, offering exhibitors and delegates a rare opportunity to schedule talks with leading African power decision‐makers.

Highlighting the success to date of the event’s Gen‐X theatre, where up and coming young engineers present their papers, POWER‐GEN & DistribuTECH Africa Advisory Board member Bertha Dlamini announced that the programme is to be enhanced next year, with opportunities for large enterprises to support more young engineers’ via conference participation and future career prospects.

About POWER‐GEN and DistribuTECH Africa
POWER‐GEN and DistribuTECH Africa attract a broad range of delegates, including regional electricity distribution companies, power producers, utilities, oil and gas companies, energy and engineering consultants, government and regulators, environmental agencies, development agencies and investors. Exposure at these conferences allows experts and thought leaders to showcase research papers, best practice methodologies, industry innovations and success stories to the most comprehensive cross‐section of African power players under one roof.

POWER‐GEN Africa and DistribuTECH Africa 2018 will be staged at the Sandton Convention Centre from
17 – 19 July 2018.

For more information, please visit www.powergenafrica.com or http://www.distributechafrica.com/

These 51 holes represent the conclusion of the Company's most recent infill drill program. The infill drilling program was designed to increase confidence in, and define the depth of, the oxide and transition zones of the Batero-Quinchia deposit and provide additional confidence in the La Cumbre, Mandeval and La Lengüita targets.

The European Commission is seeking views from citizens, businesses, public administrations and other interested parties on how to fully benefit from 'cloud computing'. Cloud computing enables companies, public administrations and individuals, using networks such as the internet, to access their data and software on computers located somewhere else.

HPQ Silicon Resources Inc. is pleased to inform shareholders that it is proceeding with a non-brokered equity financing to support the advancement of its ongoing PUREVAP™ Quartz Reduction project. The current round of funds are targeted at advancing Gen2 testing and commencement of the Pilot Plant Equipment build out.

Copper One Inc. has acquired an option to purchase a 100% interest in the Las Morras gold project (the "Project") from Emerita Resources Corp. ("Emerita") pursuant to a binding letter agreement dated November 10, 2017 (the "Agreement") between Copper One and Emerita. The Project is located in the Extremadura region of Spain.

Emerita Resources Corp. has entered into a binding letter agreement (the "Agreement") with Copper One Inc. ("Copper One") pursuant to which Emerita has granted Copper One an option to acquire a 100% interest in the Las Morras gold project (the "Project") located in the Extremadura region of Spain.

Coeur Mining, Inc. announced that it has closed the acquisition of privately-owned JDS Silver Holdings, Ltd. and its wholly-owned subsidiary JDS Silver Inc. (collectively, “JDS Silver”), which owns the high-grade Silvertip Mine (“Silvertip”) in northern British Columbia, by way of the previously announced arrangement (the “Arrangement”).

Quantum Cobalt Corp wishes to announce it has completed a first pass exploration program on the Rabbit Lake Cobalt Property (collectively, the "Rabbit Lake Property" or the "Property"), located 14km South East of Temagami, Ontario.

Tata Motors Limited, a leading Global Automobile Manufacturer showcased the new safety technology – Electronic Stability Control (ESCsmart™) for the range of PRIMA and SIGNA trucks at an event in Chennai today.

In addition to this, it also offers Automatic Traction Control (ATC) and Hill Start Aid (HSA) safety technology for the range of trucks and buses which will go a long way in helping prevent truck and bus accidents by increasing vehicle stability and safety.

Developed in partnership with WABCO INDIA, these technologies provide complete value to customers by providing vehicle stability, reducing accident risk, repair cost and improving vehicle uptime, thus enhancing road safety and efficiency of commercial vehicles.

Commenting on this first mover initiative, Mr. Girish Wagh, Head – Commercial Vehicles, Tata Motors Ltd, said "Tata Motors has always been at the forefront of technology innovation and we have constantly endeavoured to provide a differentiated experience to our discerning customers. Safety is of paramount importance to us and the introduction of new safety technologies further reiterates our commitment to strengthen the safety performance of our products and introduce future technologies, ahead of time. We are the first OEM in India who is deploying Electronic Stability Control (ESCsmart™) safety technology in all our Medium and Heavy Commercial Vehicles. We are delighted to work with class leading global suppliers like WABCO to develop innovative and technology leading products for our Indian customers."

Dr. A.K. Jindal, Vice President & Head Engineering (CVBU), Tata Motors Ltd, said, "Dr. A.K. Jindal, Vice President & Head Engineering (CVBU), Tata Motors Ltd, said, "At Tata Motors, we constantly engage with our stakeholders to develop and integrate new and future-ready technologies for our broad spectrum of commercial vehicles, that enhances safety and fuel economy. Through our partnership with WABCO, we have improved some of the parameters of Electronic Stability Control, thus making it suitable for Indian operations. As a part of our R&D efforts, we are committed to pioneering and inventing solutions that promote driver safety and minimize negative impacts that may occur in case of accidents. We are confident that the introduction of new safety technologies in our Medium and Heavy Commercial Vehicles will further aid the government’s vision to improve driver and road safety in India."

Electronic Stability Control (ESC) functionality is added on Anti-lock Braking System (ABS) which was introduced as a part of regulatory compliance as per CENTRAL MOTORS Vehicle Rules promulgated by Govt. of India for all vehicles more than 12 ton GVW. While ABS contributes significantly to the safety of vehicles under different road conditions, ESC takes the safety to the next level by providing safety under demanding conditions of various handling maneuvers, thereby preventing or minimizing the probability of accidents. This clearly demonstrates Tata Motors’ proactive approach of making available to the INDIAN Truck and Fleet Operators, class-leading technologies through intensive R&D and deep understanding of the operating conditions in India.

Functionally ESC predicts forthcoming instability and automatically intervenes by applying brakes to avoid rollover, skidding and jack-knifing. It measures vehicle’s lateral acceleration, roll about its vertical axis through sensors, and applies brakes on selective wheels to control instability. Benefits to the customers shall be in terms of preventing jack-knifing in tractor-trailer, improve directional stability during dynamic maneuvers, prevent roll over during turning at high speed.

ESC shall be available on Prima – Tractors 4025.S, 4925 and Trucks 2523T, 3123T and 3723T and Signa LPS 4018 and LPS 4923 as well as LPT platforms of 25T, 31T and 37T.

Some of these safety technologies include:
Automatic Traction Control- Prevents wheel spin during acceleration under different surface conditions, especially slippery surface like mining, water and ice. Prevents loss of traction of one or more wheels. This further helps Increase tyre life by averting loss of traction of one or more wheels.

Hill Start Aid- Prevents roll back of vehicle during "Stop & Go" situation on an uphill gradient and helps minimize clutch and brake liner wear.

Speaking of the showcasing of ESCsmart™ today in Chennai, Mr. Jacques Esculier, WABCO Chairman and Chief Executive Officer said, "WABCO is a global leader in innovating technologies that contribute to safer and more efficient road transportation of people and goods. Following pioneering the introduction of ABS for commercial vehicles in India, WABCO is extremely proud to now showcase ESCsmart™ jointly with TATA MOTORS and to play a key role in further helping to support the Government of India’s vision to reduce road accidents. WABCO has a long heritage of developing breakthrough systems to enhance the safety of commercial vehicles. The self-learning capabilities of ESCsmart™ also help vehicle manufacturers to eliminate the necessity of physically testing all variants of vehicles during homologation, saving considerable time and labor. We are honored and proud to partner with Tata Motors to showcase ESCsmart™ for their Prima and SIGNA range of trucks. We look forward to paving the way for its further adoption in India."

About Tata Motors

Tata Motors Limited, a USD 42 billion organisation, is a leading global automobile manufacturer of cars, utility vehicles, buses, trucks and defence vehicles. As India’s largest automobile company and part of the USD 100 billion Tata group, Tata Motors has operations in the UK, South Korea, Thailand, South Africa, and Indonesia through a strong global network of 76 subsidiary and associate companies, including Jaguar Land Rover in the UK and Tata Daewoo in South Korea. In India, Tata Motors has an industrial joint venture with Fiat. Engaged in engineering and automotive solutions, with a focus on future-readiness and a pipeline of tech-enabled products, Tata Motors is India’s market leader in commercial vehicles and among the top in passenger vehicles with 9 million vehicles on Indian roads. The company’s innovation efforts are focused on developing auto technologies that are sustainable as well as suited. With design and R&D centres located in India, the UK, Italy and Korea, Tata Motors strives to pioneer new products that fire the imagination of GenNext customers. Abroad, Tata cars, buses, and trucks are being marketed in Europe, Africa, the Middle East, South Asia, South East Asia, South America, Australia, CIS, and Russia.

Uralkali one of the world’s largest potash producers, has signed a loan agreement in the amount of US$850 million with 11 international banks.

Coordinating Mandated Lead Arrangers and Bookrunners of the pre-export finance facility were Commerzbank AG, Credit Agricole Corporate and Investment Bank, ING Bank N.V., Natixis, PJSC Rosbank/Societe Generale Corporate & Investment Bank and AO UniCredit Bank.

Bank of America Merrill Lynch International Limited, ICBC (JSC), AO Raiffeisenbank joined the facility as Arrangers, Bank of China and IKB Deutsche Industriebank AG acted as Lenders.

ING Bank N.V. and Natixis are Joint Facility Coordinators. Natixis also acted as Documentation Agent, ING Bank as Facility and Security Agent.

AO Commerzbank (Eurasia), PJSC Rosbank and AO UniCredit Bank also acted as a Passport Banks.The interest rate is LIBOR plus 220 bps margin with a loan maturity of 5 years. The loan will be used for refinancing of Uralkali’s existing loans and general corporate purposes.

Anton Vishanenko, Uralkali CFO, commented:

Attractive terms of the deal organised by Uralkali demonstrates strong commitment from leading international banks to cooperate with the Company. We are grateful to our partners for support and long-term trusting relationships and hope for a further fruitful cooperation.

Uralkali (www.uralkali.com 
) is one of the world’s largest potash producers and exporters. The Company’s assets consist of 5 mines and 7 ore-treatment mills situated in the towns of Berezniki and Solikamsk (Perm Territory, Russia). Uralkali employs ca.11,000 people (in the main production unit). Uralkali’s shares are traded on the Moscow Exchange.

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