Nigeria: Dangote Cement’s revenue grew by 35.5% year-on-year to US$874m in the first quarter of 2021 from US$655m in the same period in 2020. Cement sales volumes rose by 18.7% to 7.5Mt from 6.3Mt. Earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 56% to US$468m from US$300m. Revenue and sales volumes increased fastest in Nigeria but earnings increased faster in the rest of Africa.

“We took the strategic decision to pause our clinker exports to ensure we meet the rapid volume growth in the Nigerian domestic market. We are improving the output of our existing and new assets and aim to recommence clinker exports in the second quarter,” said Michel Puchercos, the company’s chief executive officer. He added that the company had also ramped-up its new 3Mt/yr Obajana Line 5.

Kazakhstan: The Technical Regulation and Metrology Committee (KTRM) of the Ministry of Trade and Integration is preparing to introduce new standards for imported cement. The new rules will come into place in July 2021, according to the Kazakhstan News Agency. Following their introduction all participants in the cement industry market, including importers, will be required to perform compulsory qualification confirmation in accordance with the national standards. The KTRM has also started setting up a testing laboratory with a site granted accreditation in late April 2021. The Ministry of Integration and Integration and the Kazakhstan Cement and Concrete Manufacturers Association (QazCem) have also held a meeting recently to discuss key industry concerns and the measures required to combat the spread of counterfeit cement products.

South Africa: PPC has agreed to sell its lime business to Kgatelopele Lime for US$36m. The cement producer previously identified PPC Lime as a non-core operation and the sale process started in December 2020. Kgatelopele Lime was formed to buy PPC Lime. Its shareholders are mineral resources trader IMR Resources, investment holding companies Kolobe Nala Investment Lime, HEX2M and JJJL Mining. The divestment is subject to consent by competition authorities and the government by the end of 2021.

PPC Lime originally started operations in 1954 in Lime Acres, Northern Cape. PPC Lime continues to mine out of two quarries, mining dolomite and limestone respectively, along with a rotary kiln plant to manufacture the burnt product. PPC Lime generated revenue and earnings before interest, taxes, depreciation and amortisation (EBITDA) for the financial year that ended 31 March 2020 of US$59m and US$7.6m respectively.

Europe: The European Union (EU) Emissions Trading Scheme (ETS) has reached a price of Euro50/t. Data from Refinitiv and reporting by Reuters shows that on 4 May 2021 it hit Euro50.05/t, its highest level since the scheme started in 2005. Prior to late 2020 the carbon market price remained below Euro30/t. The fourth phase of the EU ETS started in January 2021.