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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

Urgent need to recycle, reuse natural resources – report

By: Natasha Odendaal     23rd January 2018 A new global circularity metric unveiled in Davos, Switzerland, has revealed an urgent need to use the world’s resources more efficiently and create policies and economic infrastructure that encourages the recycling and reuse of natural resources. The Circle Economy’s first ‘Circularity Gap’... 

Po Valley sells Italy operations subsidiary to Saffron Energy

By: Megan van Wyngaardt     23rd January 2018 Perth-based Po Valley on Tuesday signed a binding share sale and purchase agreement with Aim-listed Saffron Energy, under which the latter would acquire onshore and offshore oil and gas production, development and exploration assets in northern Italy held by Po Valley Operations (PVO). Subject to... 

India to revamp coal block auction process

By: Ajoy K Das     22nd January 2018 India’s Coal Ministry has initiated a revamp of the coal block auction process following the cancellation of two bidding rounds last year, owing to a poor response from non-power companies. The Ministry has set up a committee to prepare a report suggesting changes in the auction model and expects... 

Protect the Amazon from big business and greed, Pope Francis urges

By: Reuters     22nd January 2018 Pope Francis issued a ringing defense of the people and the environment of the Amazon on Friday, saying big business and "consumerist greed" could not be allowed to destroy a natural habitat vital for the entire planet. Francis, who has made the environment and climate change a focus of his... 

2018 minerals-focused financings off to slow start

By: Henry Lazenby     22nd January 2018 In the wake of a slow start to mineral-focused financing activity, analysts are predicting more of the same for at least the first four months of 2018. This year is also not expected to surpass 2017 in the number and value of mineral-focused financings undertaken at the market, data company... 

Po Valley makes significant commercial gas discovery in Italy

By: Megan van Wyngaardt     19th January 2018 Shares in Australia’s Po Valley Energy (PVE) surged on Friday, reaching an intraday high of 10c each, up from the previous day’s closing price of 4c each, following the news of significant commercial discovery at its new Selva gas field in northern Italy. By 16:00 in Sydney, the stock traded at... 

Norway's $1tn fund curbs holdings in biggest carbon dioxide emitters

By: Reuters     19th January 2018 Norway's sovereign wealth fund has trimmed the proportion of its $1 trillion fortune that is invested in companies that emit the most greenhouse gas, a Reuters survey has shown. Environmental campaigners hope the move by the world's biggest State-owned investment fund signals the start of a trend... 

German fascination with SA wind power

By: Terry Mackenzie-hoy     19th January 2018 Germans seem to be very interested in wind power generation in South Africa. Don't know why. First we had German-born Dr Tobias Bischof-Niemz running the Energy Centre at the Council for Scientific and Industrial Research (CSIR). In this position, he proposed a power generation model that was... 

Industry demand sets high targets for company

By: Simone Liedtke     19th January 2018 Activated carbon manufacturer Rotocarb aims to become the biggest activated carbon producer in Africa by 2019, owing to increasing demand and dependence on activated carbon in the wastewater treatment, purification and desalination industry. 

AGM highlights major 2017 accomplishments

     19th January 2018 Representative of the plastic pipe business the Southern African Plastic Pipe Manufacturers Association (Sappma) used the occasion of its thirteenth annual general meeting (AGM) held in Johannesburg recently to celebrate the successes achieved by this nonprofit association over the past 12... 

New, effective pipe joining method announced

     19th January 2018 Producer of mechanical pipe joining solutions Victaulic last month announced the European premiere of its Refuse-to-Fuse solution. This new technique enables high-density polyethylene (HDPE) pipes to be coupled without the need for fusion.  HDPE pipes are widely known and popular for their... 

Akademik Lomonosov floating nuclear heat and power plant project, Russia

By: Sheila Barradas     19th January 2018 The operation of the Akademik Lomonosov was approved in December 2017. 

Evonik, Siemens aim to harness Germany's green power overload

By: Reuters     18th January 2018 Germany's Evonik and Siemens are teaming up to convert excess renewable power into chemical building blocks that would normally require oil, the latest attempt to deal with erratic flows of wind and solar power in the country. Engineering giant Siemens will work to electrolyse carbon dioxide and... 

China's Dec coal output hits 2-year record over firm demand in winter

By: Reuters     18th January 2018 China's December coal output rose from November to hit its highest level since December 2015, as miners boosted output to meet increasing demand after Beijing softened winter coal burning restrictions in northern homes due to gas shortages. The world's biggest coal miner produced 314.87-million... 

India mulls incentives policy for adoption of enhanced recovery methods at oil-, gasfields

By: Ajoy K Das     18th January 2018 The Indian government is working on a policy framework to offer incentives for the adoption of enhanced oil recovery (EOR) and enhanced gas recovery (EGR) methods at all operating oil- and gasfields across the country. The draft policy in circulation among industry stakeholders notes that the... 

Canadian miners welcome new federal business ethics ombudsman

By: Henry Lazenby     18th January 2018 Canada’s Liberal government has introduced a new federally mandated Ombudsman for Responsible Enterprise (CORE) to investigate human rights complaints about the overseas operations of Canadian companies. The watchdog will investigate complaints and, if warranted, will make recommendations to... 

CTRG reaches financial close with lenders

By: Creamer Media Reporter      17th January 2018 Mozambique-based Central Térmica de Ressano Garcia (CTRG), a joint venture between Sasol Energy and Electricidade de Moçambique (EDM) has reached financial close on a $189-million project finance transaction with its lenders. CTRG, in which EDM holds a 51% stake and Sasol Energy the balance,... 

India resumes oil and gas block auctions after eight-year hiatus

By: Ajoy K Das     17th January 2018 India will on Thursday hold its first oil and gas auction in eight years, with 55 blocks up for grabs. The auction will also mark the first time that such assets will be allocated under the newly framed Open Acreage Licensing Program (OALP). 

SA’s renewables production costs minimised at high penetration levels, NREL study shows

By: Terence Creamer     17th January 2018 A new independent study published by the National Renewable Energy Laboratory (NREL), in the US, concludes that significant production cost savings could be achieved if South Africa added between 60 GW and 100 GW of additional variable renewable energy (VRE) by 2035. The NREL study is a pure... 

Cloud Peak to export US coal to new power plants in Japan

By: Reuters     17th January 2018 US miner Cloud Peak Energy said on Tuesday it will export coal from a Montana mine for 30 to 40 months to two new power plants in Japan with shipments that could start late next year. The coal from Montana's Spring Creek Mine will be carried by rail to Vancouver and then sent by ship for... 

Australian LNG exports surge on strong Chinese demand

By: Megan van Wyngaardt     16th January 2018 Australian liquefied natural gas (LNG) exports hit 56.8-million tonnes last year, jumping 26.3% from 44.9-million in 2016, owing to a watershed year of exports to China. Combined with higher oil prices, the increase in volumes pushed up Australia’s 2017 LNG export revenue by 44.1% to... 

At Mining Indaba 2018, Caterpillar presents broad range of machines, technology and services to support African mining

     15th January 2018 Caterpillar will present its unmatched range of innovative technologies and services at Mining Indaba, February 5-8 in Cape Town, South Africa. With a focus on optimizing operations, whether surface or underground, large or small, Caterpillar and Cat® dealers are dedicated to working with mining... 

IFR gains Mexican drilling permit

By: Henry Lazenby     13th January 2018 The TSX-V-listed equity of oil and gas explorer International Frontier Resources (IFR) has gained about two-thirds this week after it announced on Thursday that it has received a drilling permit for its Tecolutla onshore oil and gas block, which it is developing with its Mexican joint venture... 

A new era of batteries spells trouble for gas in America

By: Bloomberg     12th January 2018 California, the state that helped birth the global boom in battery-toting electric vehicles, is trying to spark a similar transformation for utilities. And that spells trouble for power plants all across the U.S. that run on natural gas. The California Public Utilities Commission approved an... 

Chinese coal imports rise in Dec on looser customs curbs

By: Reuters     12th January 2018 China's coal imports rose in December from the previous month, as Beijing loosened curbs on shipments brought in through some ports to ease supply shortages of the fuel. Arrivals of coal, which include lignite, reached 22.74-million tonnes last month, up from 22.05-million tonnes in November,... 

Canadian companies struggle to plan for post-NAFTA world

By: Reuters     12th January 2018 Canadian industries that would be most acutely impacted by the death of the North American Free Trade Agreement are unable to meaningfully plan for a possible post-NAFTA world given the uncertainty of what could replace it, analysts and executives said. With three quarters of Canadian exports... 

World's top commodity engine roars to record with Xi at helm

By: Bloomberg     12th January 2018 China continues to gobble up the world’s commodities, setting new records for consumption of everything from crude oil to soybeans. In a year of flux marked by industrial capacity cuts, environmental curbs and financial deleveraging, demand for raw materials has continued to grow in the world’s... 

Queensland LNG exports surpass prior records in 2017

By: Natasha Odendaal     12th January 2018 Queensland has achieved record liquefied natural gas (LNG) exports in the year to December 2017, Queensland Resources Council CEO Ian Macfarlane said on Friday. During 2017, Queensland exported 20.2-million tonnes of LNG, an increase of 2.7-million tonnes on the exports reported in 2016. 

PTM widens Q4 loss as accounts due mount

By: Henry Lazenby     12th January 2018 Precious metals project developer Platinum Group Metals (PTM) has widened its net loss for the first fiscal quarter ended November 30 to $12.44-million, or $0.08 a share, compared with a net loss of $2.45-million, or $0.03 a share a year earlier, the Vancouver-based company reported late on... 

Sinopec commits to R6bn upgrade of Chevron South Africa refinery as buyout deal gathers pace

     11th January 2018 Chinese oil company China Petroleum and Chemical Corporation (Sinopec) has undertaken to invest R6-billion to upgrade and modernise Chevron South Africa’s (CSA’s) Cape Town-based oil refinery, if it succeeds in its bid to acquire control of CSA. 

DSV ByBox hits the 20 000 parcel mark

By: Megan van Wyngaardt     11th January 2018 A partnership between South African oil and gas company Engen and logistics group DSV Global Transport and Logistics, which has seen the placement of automated parcel lockers known as DSV ByBoxes at Engen service stations since 2014, has reached its 20 000 parcel mark. There are currently 65 DSV... 

Cobalt and 11% yields lure risk-takers to this Canadian miner

By: Bloomberg     10th January 2018 Sherritt International Corp’s double-digit bond yields are beginning to lure investors, even as questions linger about whether the Canadian miner has unloaded enough debt and turned around its sputtering projects. The Toronto-based firm restructured its Ambatovy mining joint venture, in... 

Yokogawa Develops N-IO Standard Field Enclosure and Control System Virtualization Platform

     10th January 2018 For improved agility in implementing control system projects Yokogawa Electric Corporation (Tokyo: 6841) announces that it has developed an N-IO standard field enclosure and a control system virtualization platform. The enclosure is a weatherproof remote IO cabinet that stores IO devices used by... 

Rosneft decides against bid for Alrosa's gas assets for now

By: Reuters     10th January 2018 Rosneft has decided against bidding for gas assets being sold by diamond miner Alrosa, at least for now, the Russian energy company said on Wednesday, saying the auction terms were unacceptable. The world's largest producer of rough diamonds plans to sell its gas assets in Russia's Yamalo-Nenets... 

Deionising water to protect against corrosion in heating installations

     8th January 2018 Hans-Jürgen Wedemeyer, Technical Marketing Manager of the Liquid Purification Technologies business unit at Lanxess, describes how water for heating circuits can be treated using a special new kind of mixed bed ion exchanger to reliably prevent corrosion. A dark, cloudy sludge no longer... 

Coal dwarfs battery metals in mining deals despite war on pollution

By: Reuters     8th January 2018 Coal and iron-ore dominated mining takeovers in 2017, Thomson Reuters data shows, with buyers favoring the heavily polluting devil they know over the uncertainties of a battery-powered future. While the biggest deal was in Brazil, China was a top player despite planning to reduce domestic coal... 

Reducing costs in the oil and gas industry: how mechanical pipe systems can help oil companies streamline operations

     8th January 2018 Arrie Nel, Territory Manager at Victaulic   PwC’s “Africa Oil and Gas Review” for 2017, which was released in November, highlights how the global industry is still adjusting to the realities of a $50 to $60 per barrel oil price landscape. On the continent, other challenges that are specific to... 

Australia forecasts 20% iron-ore price drop in 2018 as China demand eases

By: Reuters     8th January 2018 Australia on Monday said it expects iron ore prices to average $51.50/t this year, down 20% from 2017, because of rising global supply and moderating demand from top importer China as its steel sector shrinks. The government projection is out of step with some private forecasts, with UBS and... 

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