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Press Office - Reatile

Reatile

Reatile Group is a 100% black owned investment holding company formed in 2003 to take advantage of the opportunities presented by the economic transformation in industrial sectors of the South African Economy.

Reatile Group’s strategic focus is on the energy, petrochemical and industrial sectors.

Topic

South Africa’s energy industry in limbo, facing many challenges

By: Anine Kilian     17th July 2018 South Africa’s energy industry is not declining, but it is being disrupted, says GE gas power systems anglophone Africa sales MD Nosizwe Dlengezele. Addressing media at a briefing, in Johannesburg, on Tuesday, she noted that, ultimately, people who rely on the energy market will find ways to... 

The world's biggest miners want more copper but nobody's selling

By: Bloomberg     17th July 2018 It’s the mining world’s biggest dilemma: everyone’s hunting for copper deals, but even the richest producers just can’t pull the trigger. The largest miners all say they’re bullish on copper and looking for growth in the metal that’s forecast to be in ever-greater demand as cities expand and... 

Africa's richest man signs $650m Afreximbank loan for oil refinery

By: Reuters     16th July 2018 Africa's richest man, Aliko Dangote, has signed a $650-million loan facility with the African Export-Import Bank (Afreximbank) for his oil refinery project in Nigeria. The seven-year term loan would attract a moratorium of five years, according to facility terms read out during the signing. 

Total’s acquisition of Engie LNG portfolio closes

By: Marleny Arnoldi     13th July 2018 Petroleum giant Total’s acquisition of Engie’s portfolio of upstream liquefied natural gas (LNG) assets for an overall enterprise value of $1.5-billion, has closed.  

MGX to earn into Belmont’s Nevada lithium property

By: Mariaan Webb     13th July 2018 Diversified miner MGX Minerals has entered into an option agreement to earn into the Kibby Basin lithium brine project, in the western portion of the Great basin in Nevada, the Canadian firm announced on Friday. MGX will acquire an initial 25% interest in Kibby Basin from TSX-V-listed Belmont... 

Transnet Pipelines unveils new national operating centre

By: Shirley le Guern     13th July 2018 A new national operating centre (NOC) that will serve as a nerve centre for Transnet Pipelines (TPL) and its 3 800 km underground national pipeline network was officially opened in Durban on Friday. Up until now, the control centre was based at TPL’s head office in the Durban central business... 

Thyssenkrupp launches industrial-scale water electrolysis solution for large projects

By: Schalk Burger     13th July 2018 Engineering and construction company Thyssenkrupp Industrial Solutions on Thursday launched its industrial-scale advanced water electrolysis solution that makes large-scale hydrogen production from electricity economically attractive. The advanced water electrolysis features a well-proven cell... 

MeerKAT radio telescope inaugurated as precursor to larger SKA project

By: Simone Liedtke     13th July 2018 After a decade in design and construction, the MeerKAT radio telescope, located about 90 km from Canarvon in the Northern Cape, was inaugurated on Friday. The MeerKAT is the precursor to the R10-billion Square Kilometre Array (SKA) – an international enterprise to build the largest and most... 

Company distributes boosters for use in rescue services

By: Halima Frost     13th July 2018 High pressure breathing air compressor supply company Coltri Compressors South Africa became the sole distributer of the MPS Booster pump for booster pump manufacturer MPS Technology in Southern Africa which is marketing it to emergency medical services (EMS) for underground rescues. The MPS... 

Company calls for distribution partners to increase footprint

By: Paige Müller     13th July 2018 Industrial equipment supplier Banding and Identification Solutions Africa (Bisa) is calling for distribution partnerships to help the company expand its footprint in Africa. The company – the only certified African distributor of the US and UK manufactured Band-It products – has noted a... 

Event provides inclusive platform for power supply industry

By: Tasneem Bulbulia     13th July 2018 POWER-GEN & DistribuTECH Africa is an important power generation and distribution event, as it enables the entire spectrum of the power supply industry to convene in one place, from end-user and supplier to service provider, says industrial rope access provider Skyriders marketing manager Mike... 

Gas processing specialist acquired by vacuum pumps company

13th July 2018 Last month industrial vacuum supplier Busch Vacuum Pumps and Systems announced that Switzerland-based engineering company NSB Gas Processing is now part of the global Busch group. The NSB Gas Processing business has been renamed Busch NSB AG and brings a highly regarded team of engineers and a... 

Technological advances fast-track new power projects

13th July 2018 Technological advances and a decline in prices in battery energy storage are driving progress in distributed power generation, grid stabilisation and utility scale energy applications, with significant opportunities for companies across Africa. Speaking ahead of Africa’s premier power sector... 

Investment, solutions critical for Africa’s power generation sector

By: Tasneem Bulbulia     13th July 2018  The African power generation sector needs sustainable investment to bolster economic growth and assist in developing fit-for-purpose, integrated power solutions, says electrical equipment manufacturer and solutions provider Zest WEG Group integrated solutions executive Alastair Gerrard.... 

SA halts oil exploration permits to revamp licensing

By: Bloomberg     13th July 2018 South Africa’s Department of Mineral Resources has issued a moratorium on new applications for petroleum exploration and development in order to change its licencing process. The restriction won’t affect applications received before the date of publication of the notice, which appeared in the... 

Mozambique moves closer to becoming LNG producer

By: Bloomberg     13th July 2018 Mozambique moved a few steps closer to becoming a player on the fast-growing global market for liquefied natural gas, eight years after the first major deep-water discovery there. The development of hydrocarbon resources is crucial for the southern African country, which has struggled this year... 

M&A advisory firm aims to use SA as gateway to African market

By: Nadine James     13th July 2018 Washington DC-headquartered mergers and acquisition advisory firm Taylor Advisory announced last week that it was entering the African market through South Africa with the appointment of Francois Baird as its Africa co-chairperson and Riaan Rademan as its South Africa co-chairperson. This is... 

Coal to remain a significant energy source for decades – WCA

By: Nadine James     13th July 2018 Coal will remain a vital growth enabler and source of energy for decades to come, says World Coal Association CEO Benjamin Sporton. He notes that demand for coal will remain stable to positive, as a result of increased industrialisation and electrification, especially in Africa and South-East Asia. 

Atlas Copco

13th July 2018 A world-leading provider of sustainable productivity solutions, Atlas Copco is characterised by focused businesses, a global presence with direct sales and service, a strong, stable and growing service business, professional people and an asset-light and flexible manufacturing setup. “We are... 

Whitetail peaking station, Canada

By: Sheila Barradas     13th July 2018 Enbridge plans to build a 186 MW peaking power station in Alberta. 

Temane gas-fired power plant, Mozambique

By: Sheila Barradas     13th July 2018 Electricidade de Moçambique and Sasol New Energy Holdings plan to supply low-cost, reliable power through the construction of a 400 MW gas-fired power plant in Inhambane. 

Combined-cycle power plants, Thailand

By: Sheila Barradas     13th July 2018 Gulf MP Company is building 12 gas-fired combined-cycle power plants, with a total capacity of 1 470 MW. 

Fields Point liquefaction project, US

By: Sheila Barradas     13th July 2018 National Grid LNG proposes to develop a natural gas liquefaction facility in Rode Island. 

Accountability, ethical remuneration needed to boost corporate governance – PwC

By: Marleny Arnoldi     12th July 2018 Rules on executive bonuses and incentives need to be tightened to boost corporate governance, professional services firm PricewaterhouseCoopers’ (PwC’s) ‘Executive Directors: Practices and Remuneration Trends’ report has found.  

Hurting for buyers, US coal miners are learning to love India

By: Bloomberg     12th July 2018 The big bright spot for US coal miners is located halfway around the world. India almost tripled its imports of the rock from America in the first quarter from a year earlier, helping fuel its fast-growing economy and making it the largest foreign buyer of US coal, according to the US Energy... 

Miners welcome ACCC power plans

By: Esmarie Swanepoel     11th July 2018 The resources sector has welcomed recommendations from the Australian Competition and Consumer Commission (ACCC) to significantly improve electricity affordability for Australian consumers and businesses. The ACCC in March launched an inquiry to identify the root causes of the high electricity... 

BHP gains green light for long-term Pilbara expansion

By: Esmarie Swanepoel     11th July 2018 The Western Australia Environmental Protection Authority has approved mining major BHP’s long-term mining plan in the Pilbara. BHP is planning to expand its iron-ore operations, with plans to more than double current production to 350-million tonnes a year, with the ultimate objective of... 

Afrox advances fertility treatment in South Africa

By: Creamer Media Reporter      10th July 2018 Global fertility rates are reported to have decreased by about half since 1960, largely because women are choosing to have children at a later stage in their lives. This causes more and more women to experience difficulty in getting pregnant. For several years now, Afrox has been assisting... 

Brazil's Petrobras nears $1.3bn sales of African venture stake – paper

By: Reuters     10th July 2018 Brazilian State-controlled oil company Petróleo Brasileiro SA is close to agreeing the sale of its stake in an African venture for around $1.3-billion, newspaper Valor Econômico said on Tuesday. Petrobras, as the company is known, owns 50% of Petrobras Oil & Gas BV, or Petrobras Africa. Grupo BTG... 

Galilee raises cash for Glenaras project

By: Esmarie Swanepoel     10th July 2018 Coal seam gas explorer Galilee Energy has raised A$5.6-million from a share placement to institutional and sophisticated investors. The company on Tuesday said that more than 14.15-million shares will be placed at a price of 40c each, representing a 9% premium to the company’s 15-day volume... 

Rising minerals and fuel exports propel Australian trade to record high

By: Esmarie Swanepoel     10th July 2018 Australia’s total trade in goods and services reached a record A$763.2-billion in 2017, new data from the Department of Foreign Affairs and Trade has found. The Composition of Trade, Australia 2017 found that the value of Australia’s goods and services exports rose 14.8% to A$386.7-billion in... 

Shell ramps up in Kitimat, raising Canada’s C$40bn LNG hopes

By: Bloomberg     9th July 2018 A flurry of activity in a remote Canadian town is raising optimism that Royal Dutch Shell and its partners are ready to go ahead with the nation’s largest infrastructure project: a C$40-billion liquefied natural gas terminal that could at last unlock energy exports to Asia. The action is... 

BP is front-runner to buy BHP's US shale unit

By: Bloomberg     8th July 2018 BP has emerged as the front-runner to buy BHP Billiton’s onshore oil and gas operations in the US, according to a person familiar with the matter. The London-based oil major has made the highest offer for the assets, which BHP prefers selling in a single package, said the person, who asked to... 

AECOM grounds its solutions approach with geotechnical expertise

6th July 2018 Integrating geotechnical engineering with its structural and civil engineering expertise is helping AECOM deliver the most cost-effective and efficient solutions for its clients in Africa from an Engineering, Procurement and Construction (EPC) perspective. The consulting engineering company... 

Russia raises duties on US goods in response to trade restrictions

By: Reuters     6th July 2018 Russian Prime Minister Dmitry Medvedev has signed a decision imposing extra duties of 25% to 40% on some imports from the US in response to Washington's tariff move, the Russian economy ministry said on Friday. The extra duties will apply to imports of fiber optics, equipment for road... 

For State of American coal, look at West Virginia's mining stats

By: Bloomberg     6th July 2018 No place tells the story of America’s coal markets better than West Virginia right now. According to US government estimates released Thursday, mining in the northern half of the Mountain State – the part known for its bounty of thermal coal, used to fuel US power plants – slid 7% in the first... 

Japan's Mitsui may raise its stake in Vale – executive

By: Reuters     6th July 2018 Japanese trading house Mitsui & Co may boost its stake in Brazil's Vale SA if other shareholders sell part of their holdings, a senior executive said, giving it greater influence over the iron ore giant's management. Several Brazilian pension funds and BNDESPar, the investment arm of state... 

Emergency rescue mask available in Africa

By: Paige Müller     6th July 2018 Local safety equipment supplier Dromex now holds the sole distribution rights in Africa for the internationally distributed safety-critical Duram escape mask. The emergency evacuation mask, manufactured in Israel, is designed to provide respiratory protection and reduce the health risk and... 

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