News Results for Ncondezi Energy Limited (NCCL)

  • 25 Nov
    09:24
    Ncondezi Energy raises capital for Tete project in Mozambique

    Energy company Ncondezi Energy said it had raised £0.75 million from a share issue, providing working capital for the development of a coal-fired power project in Tete, Mozambique. New shares in...

  • 29 Sep
    09:43
    Ncondezi Energy posts first-half loss as it develops Mozambique power project

    Energy company Ncondezi Energy posted a first-half loss it continued to develop its namesake coal-fired power project in Mozambique. Pre-tax losses for the six months through June amounted to...

  • 28 Sep
    14:33
    Ncondezi Energy says Mozambique project on track despite GE coal exit

    Ncondezi Energy confirmed that it had not received any notice of change to the joint development agreement for its namesake power project in Mozambique following talks with GE and China Machinery...

  • 22 Sep
    13:35
    Ncondezi Energy does not expect GE coal exit to impact Mozambique project

    Ncondezi Energy said it did not expected General Electric's decision to exit the new-build coal power market to have a material impact on its namesake 300 megawatt project in Mozambique. The...

  • 28 Aug
    07:29
    Ncondezi Energy signs term sheet with China Machinery Engineering for Tete project

    Africa-focused energy company Ncondezi Energy said it had signed a term sheet setting out the basis of an investment in its 300 megawatt power project and coal mine in Tete, Mozambique with China...

  • 22 Jun
    08:47
    Ncondezi Energy posts loss at it develops power project in Mozambique

    Power group Ncondezi Energy posted a full-year loss as it continued to develop its Tete power station and related coal mine in Mozambique. Pre-tax losses for the year through December amounted to...

  • 19 Jun
    09:25
    Ncondezi Energy says progress delayed on Mozambique power project

    Ncondezi Energy said progress had been delayed on the development of its flagship coal-fired power project and coal mine in Tete, Mozambique. The delay came after discussions with state power...

  • 06 May
    09:13
    Ncondezi Energy inks solar development pact with GridX Africa

    Ncondezi Energy said it had finalised a binding agreement with GridX Africa Development for a pipeline of solar and battery storage projects in Mozambique. Ncondezi would have the right to fund a...

  • 15 Apr
    08:57
    Ncondezi Energy targets financial close for Tete project in first half of 2021

    Ncondezi Energy said it was targeting financial close for a 300 megawatt coal-fired power project and coal mine in Tete, Mozambique for the first half of 2021. The company, however, said the...

  • 17 Jan
    09:14
    Ncondezi Energy expects to agree power cost for Mail project by end of June

    Ncondezi Energy said it expected to finalise negotiations over a power tariff for its 300 megawatt power project and coal mine in Tete, Mozambique in the first half of 2020. A tariff financial...

  • 31 Dec
    07:29
    Ncondezi Energy updates on coal power project

    Power development company Ncondezi Energy has received updated Engineering, Procurement and Construction and Operations and Maintenance contracts and preliminary financing terms for its 300MW coal...

  • 18 Dec
    09:00
    Ncondezi Energy advances tariff negotiations for Mozambique coal, power project

    Ncondezi Energy said it expected to submit a tariff proposal in the first quarter of 2020 for its 300 megawatt coal-fired power project and coal mine in Tete, Mozambique. Tariff negotiation...

  • 26 Nov
    09:27
    Ncondezi Energy secures 'in principle' support for loan restructuring

    Ncondezi Energy said it had received 'in principle' support from all of its lenders regarding the restructuring of $4.3m of borrowings. The proposals included a 12-month extension on existing...

  • 23 Oct
    13:22
    Ncondezi Energy to develop solar PV project in Mozambique

    Ncondezi Energy said it had agreed with GridX Africa Development to finance the development of an off-grid solar PV project for a commercial customer in Mozambique. The 400 kilowatt ground-mounted...

  • 21 Oct
    07:42
    Ncondezi Energy welcomes completion of due diligence site visit in Mozambique

    Ncondezi Energy said a technical due diligence site visit in Mozambique by its strategic partner China Machinery Engineering had been completed. The visit was part of a process to prepare the...

  • 15 Oct
    08:26
    Ncondezi Energy appoints Christiaan Schutte as interim operations head

    Ncondezi Energy said it had appointed Christiaan Schutte as its interim chief operating officer. Schutte was a previous COO and non-executive director of Ncondezi. At 8:26am: (LON:NCCL) Ncondezi...

  • 09 Oct
    07:55
    Ncondezi Energy appoints Hanno Pengilly as CEO

    Ncondezi Energy said it had appointed Hanno Pengilly as its new chief executive. Pengilly was most previously the company's chief development officer, a position he had held since 2012. Story...

  • 25 Jul
    09:55
    NCC sees 52% rise in FY pre-tax profits as transformation programme on track

    Cybersecurity firm NCC reported a 52% increase in full-year pre-tax profit boosted by assurance income in North America, Europe and the Rest of the World but offset by declines in its escrow...

  • 23 Jul
    13:23
    Ncondezi Energy inks development pact with China Machinery, GE for Mozambique project

    Ncondezi Energy said it had inked an agreement with China Machinery Engineering Corporation and General Electric to develop a $1bn coal mine and accompanying power plant in Mozambique. Ncondezi...

  • 12 Jul
    14:47
    Ncondezi Energy receives loan conversion notice

    Ncondezi Energy said it had received a shareholder loan conversion notice in relation to around 3.1m share in the company. The notice was received from lenders at a conversion price of 10.0p per...

  • 29 Apr
    14:25
    Ncondezi Energy says signing of Mozambique project development pact delayed

    Ncondezi Energy said the signing of a joint development agreement for its integrated 300 megawatt power and coal mine project in Tete Mozambique had been delayed beyond an end of April target....

  • 05 Apr
    08:09
    Ncondezi Energy agrees to form solar JV with GridX Africa; raises £1.9m

    Ncondezi Energy said it had agreed to form a joint venture with African power developer GridX Africa Development focused on building and operating captive solar and battery storage solutions. The...

  • 20 Mar
    14:55
    Ncondezi Energy close to finalising development pact for Mozambique project

    Ncondezi Energy said it was making 'good progress' finalising a joint development agreement with partners for an integrated 300MW power and coal mine project in Tete Mozambique. Documentation had...

  • 15 Feb
    13:38
    Ncondezi Energy confirms related-party transactions with Synergy Consulting

    Ncondezi Energy confirmed it had signed contracts and paid for the services of Synergy Consulting Infrastructure and Financial Advisory Services, which counts its founder and majority shareholder...

  • 01 Feb
    09:11
    Ncondezi Energy progresses plans for Tete project in Mozambique

    Ncondezi Energy said it was targeting completion of a joint development agreement for its 300MW Tete power and coal mine project in Mozambique by the end of March. The company said it had engaged...

  • 28 Dec
    09:56
    UK stocks gain on back of Wall Street rally

    UK stocks are up on Thursday morning, reflecting sharp gains in the US markets and strong seasonal volatility. Shortly after the open, the benchmark FTSE100 index was 1.56%, or 102.77 points,...

  • 28 Dec
    08:56
    Ncondezi Energy expects to finalise Mozambique project timetable in January

    Ncondezi Energy Limited said it expected the work programme and timetable for its 300MW power and coal mine project in Tete Mozambique to be finalised in January 2019. Following the announcement...

  • 26 Nov
    08:26
    Ncondezi Energy targets completion of Mozambique power project in 2023

    Ncondezi Energy said it was planning to commence commercial operations at its 300MW power and coal mine project in Tete, Mozambique in the first half of 2023. The startup date was among a host of...

  • 16 Nov
    09:45
    Ncondezi Energy extends maturity of key loan until November 2019

    Ncondezi Energy said it had agreed to extend the maturity of a key $5.1m loan until November 2019. The new interest rate on the loan was 12%, paid at maturity, which the company said represented a...

  • 05 Nov
    09:22
    Ncondezi Energy gets support documents from Mozambique for power project

    Ncondezi Energy said it had received a letter of support from authorities in Mozambique for a 300MW power and coal mine project. The company said it had also signed a non-binding memorandum of...

  • 10 Aug
    07:53
    Ncondezi Energy asks lenders for extension, interest rate cut to 12%

    Ncondezi Energy said it had asked lenders for a 12-month extension and interest rate reduction on a $5.1m loan. The company requested the interest rate by cut to 12%, paid at maturity, which it...

  • 04 May
    08:29
    Ncondezi Energy raises capital to advance Mozambique power project

    Ncondezi Energy said it had raised £950k from a share placing to strengthen its balance sheet as it completes a joint development agreement for a coal and power plant project in Mozambique. New...

  • 03 May
    09:31
    Ncondezi Energy provides Mozambique project update

    Ncondezi Energy has provided an update on its process to conclude a binding joint development agreement (JDA) for its integrated 300MW power and coal mine project in Tete Mozambique. The project...

  • 25 Apr
    14:47
    Ncondezi Energy targets Mozambique project bid review by end May

    Ncondezi Energy said it expected to conclude a review by the end of May of submitted development proposals for its 300MW power and coal mine project in Mozambique. Updated information for the...

  • 18 Apr
    08:36
    Ncondezi Energy reviewing contract bids for Mozambique project

    Ncondezi Energy said a joint development agreement for its 300MW power and coal mine project in Mozambique was still targeted for completion by the end of July. The company said proposals for...

  • 27 Dec
    08:14
    Ncondezi Energy updates on power and coal mine project

    Ncondezi Energy has updated on efforts to conclude a binding joint development agreement for its 300MW power and coal mine project in Tete Mozambique, potentially by the end of April 2018. It said...

  • 20 Oct
    16:53
    FTSE struggles on weaker gold miners and sterling strength

    An apparent improvement in the mood around Brexit talks helped lift the pound and put pressure on the FTSE 100. The bias of the index towards overseas earnings means it tends to head in the...

  • 20 Oct
    11:33
    FTSE gains on potential tax cuts in US

    The FTSE 100 nudged higher to 7,539 thanks to the Senate's approval of US President Donald Trump's budget which could pave the way for potentially significant tax cuts. Financial stocks were among...

  • 20 Oct
    07:49
    Ncondezi Energy forges Mozambique deal

    Ncondezi Energy said it has agreed to enter into exclusive negotiations with China Machinery Engineering and General Electric South Africa for them to develop a 300MW coal fired-power plant and...

  • 18 Oct
    09:23
    Ncondezi Energy raises £750,000

    Ncondezi Energy said it has raised £750,000 before expenses through an oversubscribed placing of shares. The company issued 15,000,000 ordinary shares at 5p each. It will use the funds to cover...

  • 29 Sep
    07:33
    Ncondezi Energy say cash will cover working costs until mid-October

    Ncondezi Energy reported a cash balance of $0.09m as of 25 September 2017, which is sufficient to cover the company's working capital costs until mid-October 2017. HIGHLIGHTS: - On 11 May 2017,...

  • 25 Aug
    07:06
    Ncondezi Energy issues update

    Ncondezi Energy announced a project and financing update for the planned 300MW Ncondezi coal fired power project to be built in the Tete Province of Mozambique. HIGHLIGHTS: - Second phase of new...

  • 30 Jun
    09:13
    Ncondezi Energy widens FY pretax loss

    Ncondezi Energy has expanded its FY pretax loss to $3.0m, from a loss of $2.1m previously. A total of $2.4m has been drawn down under the Shareholder Loan and the repayment amount is now $5.1m on...

  • 30 Jun
    07:06
    FLASH: Ncondezi Energy widens FY pretax loss

    Story provided by StockMarketWire.com

  • 23 Jun
    16:55
    FTSE 100 dips amid sterling gains on dollar

    The FTSE 100 finished Friday marginally lower after being suppressed by sterling strength against the US dollar for most of the session. This was after PM Theresa May last night met with European...

  • 23 Jun
    11:48
    FTSE falls on sterling gains as EU PMI data mixed

    The FTSE succumbed to sterling strength on Friday after mixed euro-zone purchasing-managers' indices (PMI) data for June and following PM Theresa May jawboning on the matter of EU nationals living...

  • 23 Jun
    08:34
    FTSE mixed as GBP rises, pharmas, resources fall

    London shares are mixed and sideways in early Friday deals with the blue-chip ladder down as sterling enjoyed rises against both the dollar and euro and as pharma and resources stocks come under...

  • 23 Jun
    07:20
    Ncondezi Energy Ltd agrees $0.58m loan facility

    Ncondezi Energy Ltd has raised an additional $582,000 from existing lenders and senior management to be used to fund the new partner search and to provide working capital for the group. It said a...

  • 23 Jun
    07:06
    FLASH: Ncondezi Energy Ltd agrees $0.58m loan facility

    Story provided by StockMarketWire.com

  • 26 May
    08:50
    FTSE mixed as oilies, utilities drag on blue chips

    Shares in London got off to a mixed and quite sluggish start, with the FTSE 100 following oil majors, utilities and financials lower. Key European stocks indices were lower in early deals, after...

  • 26 May
    08:14
    Ncondezi suspends exclusive talks with SEP

    Ncondezi Energy Ltd said it has suspended exclusive discussions with Shanghai Electric Power Co., Ltd (SEP) regarding its Joint Development Agreement (JDA). "Exclusivity arrangements with SEP...

  • 11 May
    08:43
    FTSE lower ahead of BoE as ex-divs add to ballast

    London shares opened marginally lower as cautious investors look towards a string of UK data mid morning and the Bank of England's interest rate decision, inflation report and monetary policy...

  • 11 May
    07:29
    Ncondezi Energy notes shareholder loan extension

    Ncondezi Energy Ltd announces that agreement has been reached to extend the shareholder loan repayment date. After the announcement on May 10, it was agreed an amendment to the repayment terms of...

  • 11 May
    07:08
    FLASH: Ncondezi Energy notes shareholder loan extension

    Story provided by StockMarketWire.com

  • 10 May
    09:11
    Ncondezi Energy in advanced talks with loan holder

    Ncondezi Energy said it is in advanced talks with a loan holder regarding a repayment date extension. In accordance with its terms, the shareholder loan has become repayable and has increased...

  • 10 May
    08:53
    FTSE ekes out cautious gains behind Barratt

    The FTSE is eking out cautious gains led by house builder Barratt Developments, several retailers and some utilities, although a stronger sterling on the dollar is acting as a dampener on gains....

  • 10 May
    07:09
    FLASH: Ncondezi Energy Ltd issues project, funding update

    Story provided by StockMarketWire.com

  • 30 Mar
    09:31
    Ncondezi Energy issues project, corporate update

    Ncondezi Energy said, due to careful working capital management, it had adequate cash resources to fund its activities until 10 May 2017, which was the date on which a shareholder loan became...

  • 30 Mar
    09:04
    FTSE sideways amid multiple ex-divs as sterling dips

    London shares were essentially sideways with a mildly positive lean in early deals, with a softer sterling-dollar rate helping indices to overcome the ballast of a relatively lengthy ex-dividend...

  • 30 Mar
    07:13
    FLASH: Ncondezi Energy issues project, corporate update

    Story provided by StockMarketWire.com

  • 28 Dec
    16:13
    Mining Roundup

    Aurum Mining (LON:AUR) reports a loss of £62,000 for the six months to the end of September compared to a loss of £89,000 for the corresponding period in 2015. The loss for the period includes a...

  • 16 Dec
    16:14
    Mining Roundup

    Anglo Asian Mining (LON:AAZ) was the sector's biggest faller - down more than 9.7% in late trading - after an exploration update for its new gold discovery Ugur within its Gedabek licence area in...

  • 16 Dec
    07:23
    Ncondezi Energy issues project update

    Ncondezi Energy Ltd said, in an update on its Ncondezi Project, good progress continues to be made in the negotiations to finalise the joint development agreement (JDA) with Shanghai Electric Power...

  • 16 Dec
    07:06
    FLASH: Ncondezi Energy issues project update

    Story provided by StockMarketWire.com

  • 30 Sep
    07:14
    FLASH: Ncondezi Energy lowers H1 pretax loss

    Story provided by StockMarketWire.com

  • 09 Sep
    16:23
    Mining Roundup

    Botswana Diamonds (LON:BOD) was the sector's biggest faller after inconclusive results on material from two drill holes. Botswana Diamonds said its 50:50 joint venture with Alrosa, the world's...

  • 02 Sep
    16:22
    Mining Roundup

    With a dearth of corporate announcements to give the sector direction, the biggest risers were Sunrise Resources (LON:SRES) and Karelian Diamond Resources (LON:KDR) - up by more than 11.3% and over...

  • 02 Sep
    14:49
    Ncondezi Energy schedules AGM

    Ncondezi Energy will hold its annual general meeting at Adelaide House, London Bridge, London EC4R 9HA, on 4 October at 10 a.m. At 2:49pm: (LON:NCCL) Ncondezi Energy Limited share price was...

  • 31 Aug
    16:02
    Mining Roundup

    Ncondezi Energy (LON:NCCL) said Africa Finance Corporation has joined the existing $1.32m loan facility announced in May and committed an additional $3.0m to the to the Shareholder Loan facility in...

  • 31 Aug
    07:44
    Ncondezi Energy updates on AFC loan facility

    Ncondezi Energy said Africa Finance Corporation (AFC) has joined the existing $1.32m loan facility announced in May and committed an additional $3.0m to the to the Shareholder Loan facility in two...

  • 31 Aug
    07:04
    FLASH: Ncondezi Energy in up to $3.0m loan facility

    Story provided by StockMarketWire.com

  • 12 Jul
    16:25
    Mining Roundup

    SolGold (LON:SOLG) has provided drill hole CSD-16-017 assay results from the Cascabel Copper Gold Porphyry Project, northern Ecuador, in which it holds an 85% stake. HIGHLIGHTS: - Drill hole 17...

  • 07 Jul
    16:15
    Mining Roundup

    Amur Minerals Corporation (LON:AMC) was one of the sector's biggest risers after it said the early start to the drill season and higher than anticipated drilling rates at its Maly Kurumkon/Flangovy...

  • 30 Jun
    16:31
    Mining Roundup

    Beowulf's (LON:BEM) application for an exploitation concession for Kallak North has been listed on the Swedish government's meeting agenda for discussion on 30 June. As is practice in Sweden,...

  • 30 Jun
    07:39
    Ncondezi Energy issues update

    Ncondezi Energy (NCCL) said it had a cash balance of $0.3 million with undrawn loan facility of $0.7 million as of 6 June. HIGHLIGHTS - Binding joint development agreement (JDA) with Shanghai...

  • 06 May
    17:18
    FTSE 100 up on resources; US jobs data disappoints

    Equities in London finished the session and week on a mixed note with blue caps up a smidgen and mid caps down a jot. Several resources issues and a blend of US rates-sensitive utilities and...

  • 06 May
    16:16
    Mining Roundup

    Ncondezi Energy's (LON:NCCL) shares tumbled after it announced it was in the final stage of executing a loan for a minimum of USD1m from certain of its directors, management and shareholders....

  • 06 May
    09:39
    Ncondezi loan

    Ncondezi Energy is in the final stage of executing a loan for a minimum of USD1m from certain of its directors, management and shareholders. It is expected to provide sufficient funding to...

  • 06 May
    07:12
    FLASH: Ncondezi updates on its 300MW power plant project

    Story provided by StockMarketWire.com

  • 05 Feb
    15:52
    Mining Roundup

    Central Rand Gold (LON:CRND) was one of the sector's biggest fallers after announcing it is raising GBP1.22 million through the subscription of 34,999,015 new ordinary shares at 3.5p apiece. The...

  • 05 Feb
    14:25
    Ncondezi JDA with Shanghai Electric Power extended

    The deadline for the satisfaction of investment conditions under Ncondezi Energy's binding joint development agreement with Shanghai Electric Power to develop the Ncondezi 300MW coal fired power...

  • 11 Jan
    17:07
    FTSE 100 hits 3yr low as crude dives

    UK stocks closed down as crude prices skulked lower on renewed concerns of slowing demand from China and growing stores of the black liquid amid a global supply glut. Resource stocks suffered as a...

  • 11 Jan
    16:23
    Ncondezi's deal

    Ncondezi Energy has signed a binding joint development agreement with Shanghai Electric Power Co., Ltd to develop the Ncondezi 300MW coal fired power project in Tete, Mozambique. SEP will become...

  • 11 Jan
    16:22
    Mining Roundup

    Ncondezi Energy (LON:NCCL) has signed a binding joint development agreement with Shanghai Electric Power Co., Ltd to develop the Ncondezi 300MW coal fired power project in Tete, Mozambique. SEP...

  • 11 Dec
    17:07
    FTSE flops as oil dives after IEA supply glut warning

    FTSE indices closed heavily lower as oil majors suffered on flopping crude prices and miners hurt on market fears for the global and China economies. Blue-chip losers were led by markedly depressed...

  • 11 Dec
    12:11
    NCCL nears Shanghai Electric Power deal

    Ncondezi Energy has confirmed that it is in the process of finalising a binding Joint Development Agreement with Shanghai Electric Power to jointly develop its 300 MW power project in Tete,...

  • 22 Oct
    15:59
    Mining Roundup

    Ncondezi Energy (LON:NCCL) was the sector's biggest riser after it said the conditions precedent for the commercial deal with Electricidade de Mozambique (EDM) have been extended until 31 December...

  • 22 Oct
    09:49
    NCCL notes EdM commercial deal extension

    Ncondezi Energy said the conditions precedent for the commercial deal with Electricidade de Mozambique (EDM) have been extended until 31 December 2015. On 29 September 2015, the Company announced...

  • 15 Sep
    16:09
    Mining Roundup

    Central Rand Gold (LON:CRND) was the sector's biggest riser in late trading after first half pre-tax loss fell to $1.2m - down from $2.8m a year ago. Revenues for the six months to the end of June...

  • 14 Sep
    16:00
    Mining Roundup

    Gem Diamonds' (LON:GEMD) shares were up in late trading after it revealed it has sold an exceptional 357 carat white diamond (recovered at the Letšeng mine in July) which achieved US$19.3m on...

  • 03 Sep
    16:17
    Mining Roundup

    Botswana Diamonds' (LON:BOD) shares were up after it announced that it expects a specialist Russian team of geologists and mineralogists to arrive at the company's joint venture programme with...

  • 03 Sep
    13:08
    Ncondezi resolutions passed at AGM

    Ncondezi Energy has confirmed that all resolutions proposed at the annual general meeting today were passed. At 1:08pm: (LON:NCCL) Ncondezi Energy Limited share price was +0.01p at 1.88p Story...

  • 03 Aug
    16:09
    Mining Roundup

    Sunrise Resources' (LON:SRES) shares jumped after it said that following receipt of bonanza silver grades from recent underground sampling at Bay State it has now received the required consent for...

  • 03 Aug
    14:04
    Ncondezi Energy schedules AGM

    Ncondezi Energy will hold its annual general meeting at Adelaide House, London Bridge, London EC4R 9HA, on 3 September at 10 a.m. At 2:04pm: (LON:NCCL) Ncondezi Energy Limited share price was...

  • 26 Jun
    16:08
    Mining Roundup

    Mwana Africa (LON:MWA) was the sector's biggest faller after its nominated adviser Peel Hunt LLP has advised that it will resign, effective from July 25. Mwana is in talks with replacement advisers...

  • 26 Jun
    10:37
    Ncondezi Energy looks to raise further funds

    Ncondezi Energy, an emerging power development company with an integrated thermal coal mine and power plant project located near Tete in northern Mozambique, made a loss after tax for the year...

  • 21 May
    16:13
    Mining Roundup

    Avocet Mining's (LON:AVM) gold production for the first quarter totalled 17,011 ounces at a cash cost of US$1,113 per ounce. This compares with 19,503 oz produced in the fourth quarter of 2014 at...

  • 21 May
    07:53
    NCCL says CEO Paul Venter to step down

    Ncondezi Energy said Paul Venter has decided to step down as Chief Executive Officer (CEO) and Executive Director. Following the $5m placing to African Finance Corporation (AFC) in December 2014,...

  • 21 May
    07:05
    FLASH: NCCL says CEO Paul Venter to step down

    Story provided by StockMarketWire.com

  • 31 Mar
    07:53
    Ncondezi updates on 300MW power plant project

    Ncondezi Energy Limited said Electricity de Mozambique has granted an extension relating to the conditional commercial deal signed between the parties in September 2014 are required to be...

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