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Disaster near LafargeHolcim quarry

29 August 2019

Zimbabwe: A blast at Lafarge Cement Zimbabwe’s Sternblick quarry on 15 August 2019 has killed one person and injured another.

Agence Ecofin has reported that two women were at home on Pangoula Farm, Harare, when debris from the quarry entered through the roof, striking 36-year-old Shupikai Chatsina, who lost her life instantly, on the head. She leaves behind a husband and five children. The second woman, Ms Chatsina’s aunt, is recovering in hospital.

LafargeHolcim’s contractor Afri Mining did not follow established blasting procedures. The disaster is under police investigation.

Published in Global Cement News
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CNBM shares interim results

28 August 2019

China: CNBM have reported a good first half of 2019, with profits of US$1.23bn, an increase of 30.6% from US$0.94bn in the same period of 2019.

Published in Global Cement News
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Adelaide Brighton’s half-year profit drops

28 August 2019

Australia: Adelaide Brighton’s net profit in the first half of 2019 was US$37.0m, down by 35% from US$57.0m in the half year up to 30 June 2018. Chief executive Nick Miller told The Australian that Adelaide Brighton may consider a merger with Barro Group, which holds a 43% stake in the former.

Published in Global Cement News
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Sinai’s losses increase year-on-year

28 August 2019

Egypt: In a statement sent to EGX, Sinai Cement recorded first half net losses of US$11.3m, an increase of 20.1% on the US$4.00m recorded in losses in the same period of 2018.

Published in Global Cement News
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Dangote Cement considering US$322m cement plant in Niger

28 August 2019

Niger: Dangote Cement has expressed an interest in establishing a 1.64Mt/yr cement production unit, complete with a grinding plant and gas energy plant, in Niger. Agence Ecofin reports that Dangote, Africa’s leading cement producer, aims to fill the Nigerien cement supply gap amidst an infrastructure boom fuelled by the country’s oil ambitions.

Published in Global Cement News
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Boral discloses its bad year to June 2019

27 August 2019

Australia: Boral has suffered a decline in full year net profits of 38% to US$184m. This comes following USG-Boral’s statement regarding substantive changes to its gypsum dealings with Knauf.

Published in Global Cement News
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Dangote and CCNN raise profits

27 August 2019

Nigeria: Dangote Cement’s net first half profits have increased by 5.4% to US$329m from US$312m in 2018. The Cement Company of Northern Nigeria have reported a corresponding increase of 163% to US$40,000 from US$15,000.

Published in Global Cement News
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Raysut Cement receives US$50.7m

27 August 2019

Oman: Bank Nizwa has granted US$50.7m to Raysut Cement, the country’s largest cement producer, as part of its commitment to national economic diversification.

Published in Global Cement News
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Athi River cement plant compulsorily acquired from East African Portland Cement Company

27 August 2019

Kenya: The Kenyan government have compulsorily purchased the site of the 0.6Mt/yr Athi River cement plant, which it leased to the East African Portland Cement Company for 945 years in April 1960. The Central Organisation of Trade Unions has complained that the National Social Security Fund, representing workers who held 28% of shares in the plant, was not consulted first. The land will be used for affordable housing, manufacturing and other urban uses.

Published in Global Cement News
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Anti-trust authorities examine Lafarge’s takeover of Somaco

27 August 2019

Romania: The national competition authority stated yesterday that it will investigate LafargeHolcim’s deal with Oresa for the latter’s takeover of the precast concrete producer Somaco. LafargeHolcim assumed the asset in July 2019 at an undisclosed price.

Published in Global Cement News
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