M&A
Merger & Acquisition
Project Name: African Minerals M&A
Value: US$ 2 Billion
Inception: Feasibility
African Minerals Ltd. (AMI) is studying US$2
billion acquisitions in commodities such as copper and steelmaking raw materials. “There are
significant opportunities in West Africa, across
commodities and across countries, that we will be
extremely well-positioned to take advantage of,”
Chief Executive Officer Keith Calder said in an
interview, adding that his primary focus is the existing Tonkolili mine and Pepel expansion project.
African Minerals, which has a market value
of US$1.2bn, began iron-ore shipments from
Tonkolili in November 2011, making it Sierra
Leone’s largest producer.
The price of the steelmaking raw material, the
most-shipped commodity after oil, more than tripled in the past decade, encouraging mining companies to expand in new regions and away from
more traditional hubs such as Brazil and Australia.
African Minerals said it’s exporting at a rate of 20
million metric tons annually, meeting its secondquarter target. The stock jumped the most in
more than two months in London trading, rising 8% to close at 235 pence after earlier rising as
much as 15%.
The company forecasted April figures of 13 to 15
million tons of exports for the year ending 30th
June 2014 after reaching its export capacity, it said
in a statement. Ten shipments left its port over 30
days from May 18th to June 16th.
US$ 1.5 Billion
JV
Joint Venture
Project Name: Sierra Leone jetty EPC
Value: Est. 1.5 Billion
Inception: 2Q2014
Global contracting company BAM International in 2Q: 2014 announced that in
conjunction with its joint venture (JV)
partner civil engineering construction
contractor Stefanutti Stocks, had been
awarded the contract for the engineering,
procurement and construction (EPC) of a
petroleum jetty at the Kissy Oil Terminal
of Freetown, in Sierra Leone
The JV would design and complete the
project, which would provide a key import
and export facility for the country, and a
modern export base for ethanol, over a
one-year period for trading and downstream company Oryx Energies’ local affiliate PetroJetty, BAM International said in a
statement.
The new jetty would comprise a 240m
steel trestle on steel piles with a concrete
offloading platform of 12m x 25m, four
mooring dolphins, two breasting dolphins
and a fender rack.
BAM International sister company BAM
Leidingen & Industries would engineer
and supply the hose tower, the fire fighting
system and the piping and electrical components for the top works of the structure.
US$ 4.2 Billion
VALUE
US$ 2 Billion
VALUE
VALUE
SHAKERS
SHAKERS: Total Value of
Deal flows for shakers in
2Q:2014
US$ 700 Million
PPP
Public-Private-Partnerships
Project Name: Bumbuna Phase 2 HEP
Value: US$700 Million
Inception: 2Q:2014
The US$700m expansion of the Bumbuna Phase II hydroelectric power project
has gained momentum after five engineering, procurement and construction
(EPC) contractors were short listed for
the project.
The joint venture partners believe they
have selected “some of the most respected” EPC firms from across five continents.
Meanwhile, Joule Africa has completed
the feasibility study for the Phase 2 development and sustainability consultancy.
Environmental Resources Management
has embarked on environmental and
social studies. Endeavour Energy, a privately owned independent power development and generation company,revealed
that it has entered into a joint development agreement with international power
developer Joule Africa.
As part of the agreement, the two companies will work together to develop and
construct the US$700M Bumbuna Phase
II Power Project, a hydroelectric power
project in Sierra Leone projected to add
an additional 202 megawatts to the existing 50 megawatts at Bumbuna Phase I.