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Africa Surveyors May-June issue 2021

Africa Surveyors is Africa’s premier source of Surveying, Mapping and Geospatial news and an envoy of surveying products/service for the Construction, Maritime, Onshore & Offshore energy and exploration, Engineering, Oil and Gas, Agricultural and Mining sectors on new solution based trends and technology for the African market.

Africa Surveyors is Africa’s premier source of Surveying, Mapping and Geospatial news and an envoy of surveying products/service for the Construction, Maritime, Onshore & Offshore energy and exploration, Engineering, Oil and Gas, Agricultural and Mining sectors on new solution based trends and technology for the African market.

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NEWS BRIEFS<br />

Paragon Risk Engineering Opens Southern <strong>Africa</strong> Office<br />

Paragon Risk Engineering, a leading provider<br />

of risk consulting services for the global<br />

commercial insurance sector, announces the<br />

launch of their new operation Paragon Southern<br />

<strong>Africa</strong>, based in Johannesburg, South <strong>Africa</strong>.<br />

The operation will be led by Mr. Riyaad Bagus, who<br />

comes with experience in the fire protection and<br />

international insurance fields.<br />

“Paragon’s investment in South <strong>Africa</strong> represents<br />

another step in expanding our extensive global<br />

footprint, which now includes companies in USA,<br />

Canada, Mexico, UK, Germany, France, Greece, UAE,<br />

Singapore, Australia and servicing offices in more<br />

than thirty countries.” Stated Jon Woodman, CEO<br />

Paragon Risk Engineering.<br />

The opening of the company in South <strong>Africa</strong> follows<br />

Paragon’s recent announcement of their acquisition of<br />

Optirisk in France.<br />

East <strong>Africa</strong> Metals targets<br />

resource expansion as it<br />

prepares to renew exploration<br />

activity in Ethiopia with a<br />

$2.7M drill program<br />

EIB approves $95 million for geothermal power in East <strong>Africa</strong><br />

The European Investment Bank (EIB)<br />

has approved $4.9 billion financing for<br />

renewable energy, clean transport, COVID-19<br />

recovery, social housing and education. Of this<br />

amount, $95 million will be allocated to the East<br />

<strong>Africa</strong> Rift Geothermal Project.<br />

The operation is an envelope for financing<br />

individual private sector investments into<br />

geothermal power generation projects in different<br />

countries in the East <strong>Africa</strong>n Rift region. Suboperations<br />

under the envelope will undergo<br />

individual project appraisals and be separately<br />

approved for bank financing.<br />

Funding is available for the countries of:<br />

Burundi, Comoros, Djibouti, Eritrea, Ethiopia,<br />

Kenya, Madagascar, Malawi, Mauritius, <strong>May</strong>otte,<br />

Mozambique, Reunion, Rwanda, Seychelles, Somalia,<br />

South Sudan, Tanzania, and Uganda.<br />

The proposed envelope will allow the EIB to provide<br />

financing to several projects implemented by<br />

promoters active in the geothermal power sector<br />

in the region (individual private sector investments<br />

into geothermal power generation).<br />

SMEC South <strong>Africa</strong> has<br />

once again received top<br />

honors at the <strong>2021</strong> PMR.<br />

africa Excellence Awards, having<br />

placed 1st overall in both the<br />

Civil Consulting Engineers and<br />

Structural Consulting Engineers<br />

categories for companies with<br />

more than 400 employees.<br />

SMEC South <strong>Africa</strong> receives top industry rankings<br />

in consulting engineering<br />

Convened by market research house,<br />

PMR.africa, the Excellence Awards are industrydriven,<br />

based on in-depth market research from<br />

within the construction industry and are a reflection<br />

of how clients and industry insiders rate companies.<br />

SMEC South <strong>Africa</strong> CEO, Logashri Sewnarain, and<br />

Strategic Business Development Executive, Bongani<br />

Mthombeni-Möller, accepted the PMR.africa Diamond<br />

Eligible projects will typically include greenfield<br />

development and brownfield expansions, with<br />

proven geothermal resources.<br />

Investments in geothermal energy will help<br />

diversify base load renewable electricity supply<br />

in the region and contribute to the reduction in<br />

greenhouse gas (GHG) emissions compared to<br />

fossil-fuel based alternatives, thereby supporting<br />

the sustainable economic development of the East<br />

<strong>Africa</strong>n Rift countries.<br />

Werner Hoyer, President of the European<br />

Investment Bank, said: “The projects approved<br />

highlight the EIB’s engagement across Europe<br />

and around the world to unlock private and public<br />

investment that addresses local priorities and<br />

global challenges. Tomorrow I will update the EIB’s<br />

Governors, EU finance and economy ministers, on<br />

the EU Bank’s rapid response to challenges caused<br />

by the COVID-19 pandemic and our strong and<br />

growing support for green transition and climate<br />

action across the world.”<br />

Arrow Awards in both the Civil and Structural<br />

Consulting Engineers categories on behalf of the<br />

company.<br />

This is the fourth year in which SMEC South <strong>Africa</strong><br />

has been recognised by PMR.africa, having previously<br />

received awards in the Civil, Structural and Combined<br />

Civil and Structural Categories in 2016, 2017 and<br />

2018.<br />

East <strong>Africa</strong> Metals Inc. would like to provide an<br />

update on the ongoing exploration of its gold<br />

and gold/copper/zinc projects in the Federal<br />

Democratic Republic of Ethiopia (“Ethiopia”).<br />

After productive meetings with government officials<br />

in Addis Ababa last week, the Company is looking<br />

to building on the success achieved over the past<br />

ten years through the Company’s investment of<br />

approximately $30,000,000 in exploration with<br />

the support of the Ministry of Mines and Petroleum<br />

(“MoMP”).<br />

East <strong>Africa</strong> is preparing to initiate a fully funded<br />

$2,700,000 exploration program announced in<br />

early <strong>2021</strong> (see new release February 1, <strong>2021</strong>). The<br />

six-month state of emergency declared in the Tigray<br />

region was lifted on <strong>May</strong> 4th, <strong>2021</strong>. It is anticipated<br />

that commercial activity in the Tigray region will<br />

normalize in the near future, as it recovers from the<br />

impacts of the COVID pandemic and the political<br />

unrest.<br />

EAM has completed the planning and received<br />

government approval for the $2,700,000 Phase<br />

1 exploration program that will include 8,000<br />

meters of diamond drilling, 115 line kilometers of<br />

geophysical surveys, environmental, metallurgical<br />

studies and resource calculations/updates. The<br />

initiation of the Phase 1 diamond drilling program is<br />

expected to begin immediately after the Government<br />

declares the region ready for field operations.<br />

EAM’s management has confidence in the potential<br />

of the Company’s exploration assets in the Tigray<br />

region and looks forward continued participation<br />

in what has become an active and emerging<br />

exploration sector.<br />

The Company has equal confidence in progressive<br />

policy initiatives of the Ethiopian government under<br />

the administration of the recently appointed Minister<br />

of Mines, His Excellency Takale Uma. Ethiopia’s<br />

MoMP has undertaken a program of major reforms<br />

to improve the Ethiopian Mining Proclamation<br />

designed to align government policy with the needs<br />

of international and domestic resource investors.<br />

These policy revisions should result in significant<br />

growth in Ethiopia’s mining sector, promoting the<br />

interests of both artisanal miners and exploration<br />

and mining companies by improving the ease of<br />

access to licenses and finance for Small to Medium<br />

Enterprises (SME) and large-scale miners.<br />

4 <strong>May</strong>-<strong>June</strong> <strong>issue</strong> l <strong>2021</strong> www.africasurveyorsonline.com

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