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Opec says winning battle to curb oil glut

By: Reuters     22nd September 2017 Output cuts by Opec and other oil producers are clearing a supply glut that has weighed on crude prices for three years, ministers said at a meeting on Friday to review the pact that expires in March 2018. The Organization of the Petroleum Exporting Countries, Russia and several other producers... 

Nigeria unlikely to cut fuel sulphur level anytime soon – Rainoil

By: Reuters     22nd September 2017 Nigeria's efforts to cut sulphur levels in its fuel imports are unlikely to succeed this year, the head of a major Nigerian downstream company told the Platts refining conference in Brussels. The government has delayed its target to slash allowed sulphur on imports to 50 parts per million (ppm)... 

SA platinum miners enter recycling market despite ‘mixed’ expectations

By: David Oliveira     22nd September 2017 Despite the mixed performance and expectations of the recycling industry, local platinum producers Sibanye and Northam Platinum this year entered the platinum-group metals (PGMs) recycling market. Platinum recycling is projected to decline by 6% year-on-year to 1.76-million ounces this year,... 

Outa moves to freeze Gupta mines’ rehabilitation trust fund accounts

By: Creamer Media Reporter      21st September 2017 The Organisation Undoing Tax Abuse (Outa) plans to bring about an urgent interdict against the Bank of Baroda to freeze the R1.75-billion held in the Gupta-owned Optimum and Koornfontein coal mines’ rehabilitation trust fund accounts. The group on Thursday said in a statement that the interdict... 

The graphite fix: Inside China's newest commodity addiction

By: Reuters     21st September 2017 China's aggressive environmental protection campaign has tightened supplies of graphite electrodes used in steelmaking, boosting the fortunes of big producers like Fangda Carbon as mills search far and wide for a material now in short supply. Beijing's campaign for clearer skies has closed... 

Liquid Fuels 2017: A review of South Africa's liquid fuels sector (PDF Report)

     20th September 2017 Creamer Media’s Liquid Fuels 2017 report examines these issues in the context of South Africa’s business environment, including South Africa’s refining capacity; the proposed introduction of Clean Fuels 2 specifications; the development of the country’s biofuels industry; fuel pricing; the... 

Kinross to invest $820m to tread water on production

By: Bloomberg     20th September 2017 Kinross Gold is spending more than $800-million to essentially tread water as – like many miners – it faces a future in which new gold assets are increasingly difficult to find and costly to develop. The Canadian miner said Monday it will move ahead with expansions at mines in Mauritania and... 

Bullish outlook for Canadian crude, natural gas provides investment opportunities

By: Henry Lazenby     15th September 2017 Two reports issued this week point to a significantly increased global appetite for fossil fuels like oil and gas, presenting an investment opportunity for energy speculators. While renewables are forecast to be the fastest-growing energy source, fossil fuels will continue to be important and... 

Welding key in driving economic growth

By: Nica Schreuder     15th September 2017 Welding has been dubbed the “miracle career” by Johannesburg-based training institute, the Southern African Institute of Welding (SAIW), owing to the number of opportunities associated with it. Manufacturing is essential for economic growth and with welding forming a significant part of... 

Southern African Power Pool could learn from Nordic countries’ approach to energy market

By: Natasha Odendaal     13th September 2017 Southern Africa can take heed of the success of the Nordic region’s achievement of energy security through successful cross-border trade and integration, its integrated markets and other critical elements of the Nord Power Pool. This is the message that emerged from the first day of the three-day... 

AME BC lauds provincial budget update

By: Creamer Media Reporter      13th September 2017 The Association for Mineral Exploration (AME) has expressed its support of the balanced 2017 budget delivered by British Columbia’s new Finance Minister Carole James. Government, through its budget and policies creates the economic climate central to attracting critical investment in important... 

PetroSA upbeat about gas exploration

By: Kim Cloete     12th September 2017 Despite a slowdown in exploration and an underinvested industry, South Africa still holds great prospects for exploration in gas, believes PetroSA chief geophysicist Peter Dekker. He told delegates at the South African Geophysical Association (Saga) conference, in Somerset West, that there were... 

Engen KlevaKidz travels to the Eastern Cape and puts paraffin safety first September 13, 2017

     11th September 2017 The annual Engen KlevaKidz has kicked off in the Eastern Cape with its unique brand of industrial theatre set to engage and educate learners across South Africa about the importance of paraffin safety.   Engen KlevaKidz opened at Gugulethu Senior Primary School in Ngqamakhwe on September 13th... 

Nigeria's Shoreline Energy signs $300m gas deal with Shell

By: Reuters     11th September 2017 Nigerian energy company Shoreline has signed a $300-million agreement with the local unit of Shell to develop gas infrastructure around the commercial capital, Lagos, both companies said on Monday. Shell said in June that it would place more emphasis on gas rather than oil in the West African... 

China's fossil-fuel phase-out fails to alarm big oil investors

By: Bloomberg     11th September 2017 In the first day of trading after China said it’s working on a deadline to end sales of fossil-fuel-powered vehicles, shares are holding ground in the oil companies that stand to lose out. The listed units of China’s big three oil companies – PetroChina, Cnooc and China Petroleum & Chemical –... 

Afrox sees 22% increase in headline earnings  

By: Anine Kilian     8th September 2017 JSE-listed African Oxygen (Afrox) has reported a 22% rise in headline earnings a share to 93.3c, though this was at the lower end of the company’s recent guidance for the half-year ended June 30. Delivering the company’s financial results presentation in Johannesburg on Friday, CEO Schalk Venter... 

Nova base metals mine in Fraser Range officially opened

By: Esmarie Swanepoel     8th September 2017 Base metals miner Independence Group has officially opened its Nova nickel/copper/cobalt mine, in Western Australia. MD and CEO Peter Bradford told shareholders on Friday that Nova reached commercial production only five years after its initial discovery, with the project expected to reach... 

Mining industry has lost faith in Minister Zwane – CoM

By: Esmarie Swanepoel     8th September 2017 The South African Chamber of Mines (CoM) on Friday told delegates at the Africa Downunder conference, in Perth, that the mining industry in South Africa had lost confidence in Mineral Resources Minister Mosebenzi Zwane and in the leadership of the Department of Mineral Resources (DMR). In a... 

Nokeng mulling two or three more fluorspar mines by 2026 as huge shortage is predicted

By: Mia Breytenbach     8th September 2017 Following the breakthrough of opening the first new mine in Gauteng, South Africa, in the last 12 years, which is being developed by producer SepFluor’s wholly owned Nokeng fluorspar mine, the company aims to become vertically integrated in the fluorspar value chain in future. Fluorite ore is... 

Company champions enterprise development in fledgling waste industry

By: Nadine James     8th September 2017 Skills and socioeconomic development company Bosch Ulwazi launched the first phase of its three-year Enterprise and Supplier Development (ESD) programme in KwaZulu-Natal, in July. The Petroleum and Waste Recycling programme will assist in developing five businesses that will offer products and... 

Cost-effective workforce housing supports oil refinery shutdown

     8th September 2017 Prefabricated buildings manufacturer Kwikspace Modular Buildings helped to facilitate a smooth turnaround process during a three-month shutdown at one of Southern Africa’s largest crude oil refineries this year, through the supply of modular housing for critical staff. 

Western Australia announces new gold royalty, industry disappointed

By: Esmarie Swanepoel     7th September 2017 A tiered royalty rate will be introduced to the Western Australian gold sector from January 1 next year, Treasurer Ben Wyatt announced on Thursday. To assist the government in repairing the state’s finances, a tiered royalty rate will be introduced, determined by the Australian dollar price of... 

Santos supplies more gas to east coast

By: Esmarie Swanepoel     7th September 2017 Australian oil and gas major Santos on Thursday announced that it would supply a further 30 petajoules (PJ) of gas to the east coast domestic market between 2018 and 2019. The ASX-listed company reported that the gas, which would be sourced from the Gladstone liquefied natural gas (GLNG)... 

Cost-effective workforce housing supplied to support major oil refinery shutdown

     6th September 2017 Whilst South Africa is heavily dependent on petroleum products to keep the economy running, major refineries need to periodically suspend or circumvent crude oil production to conduct routine maintenance, renovations and repairs. Kwikspace Modular Buildings (Kwikspace) – a leading manufacturer of... 

Australian gas exports continue to rise

By: Esmarie Swanepoel     6th September 2017 Australia’s natural gas output reached a record 3 770 PJ in 2017, up 27% on the 2016 financial year, energy market analyst EnergyQuest reported on Wednesday. EnergyQuest CEO Dr Graeme Bethune noted that gas production from the east coast was catching up with demand, with liquefied natural gas... 

Woodside steadily building its offshore position in Africa

By: Esmarie Swanepoel     6th September 2017 Australian oil and gas major Woodside will continue to grow its portfolio of offshore petroleum assets across the African region, executive VP for global exploration, Phil Loader, said on Wednesday. Speaking on the sidelines of the Africa Downunder conference, in Perth, Loader said that the... 

Platinum market expected to maintain balance amid continued supply constraints – WPIC

By: Mia Breytenbach     6th September 2017 The platinum market is expected to remain in fundamental balance, albeit with a small 15 000 oz deficit for this year, the World Platinum Investment Council’s (WPIC’s) latest ‘Platinum Quarterly’ report shows. The report, published on Wednesday, incorporates analysis of platinum supply and demand... 

Competition Commission warns LPG wholesalers on supply deals

By: Reuters     5th September 2017 South Africa's anti-trust body said it would open a case against wholesalers of liquefied petroleum gas (LPG) if they ignored recommendations to end long-term supply agreements by September 30, senior officials told lawmakers on Tuesday. South Africa's Competition Commission in April said supply... 

WA examining legislative fix to provide miners with security of tenure

By: Esmarie Swanepoel     5th September 2017 The Western Australian government is considering changes to the Mining Act to clear up uncertainty around the grant of mining leases. The move comes after mining personality Andrew Forrest in August won a High Court bid preventing two junior sand miners from gaining access to his family pastoral... 

Qld set to award Surat basin lease to Senex for domestic gas supply

By: Esmarie Swanepoel     5th September 2017 The Queensland government has tipped ASX-listed Senex Energy as the preferred tenderer for a petroleum lease in the Surat basin, to supply gas to the domestic market. Senex has been awarded 58 km2 of tenements in the Surat basin coal seam gas acreage, which hosts an estimated recoverable gas... 

WA fracking moratorium bad for investment – industry

By: Esmarie Swanepoel     5th September 2017 The Australian Petroleum Production & Exploration Association (Appea) has slammed a decision by the Western Australian government to ban fracking in the South West, Peel and Perth metropolitan regions, as well as imposing a moratorium throughout the rest of Western Australia. “The government... 

African Petroleum to take Gambian dispute to court

By: Reuters     5th September 2017 African Petroleum Corp plans to go to court to resolve its dispute with Gambia, the Norwegian-listed company said on Monday, after the government stripped it of its rights to explore for oil in two offshore areas. "It is a matter of regret that it has come to this; however, we are confident in... 

Mapochs mine to go under hammer for sale to highest bidder

By: Martin Creamer     4th September 2017 The Mapochs mine, which is in provisional liquidation with its mining right intact, is going under the hammer next Thursday, when it will be sold to the highest bidder. The mine, which supplied ore for the production of both steel and vanadium before Evraz Highveld Steel and Vanadium went into... 

Resource exploration recovering - ABS

By: Esmarie Swanepoel     4th September 2017 New data released by the Australian Bureau of Statistics (ABS) has shown a recovery in exploration spending, with total expenditure up by 6.6%, or A$26.4-million in the June quarter, to A$428.5-million. The ABS said on Monday that Western Australia was the largest contributor to the increase in... 

'Zero-waste' stores put consumers on frontline in fight against packaging

By: Reuters     4th September 2017 When Ingrid Caldironi decided to start living a more eco-friendly lifestyle, she made a few changes to her routine. Caldironi bought a reusable coffee cup, started making her own beauty products and tried to stop buying packaged products. 

Ghana officials showcase progress on international airport project

By: David Oliveira     1st September 2017 The construction of a new terminal at Ghana’s Kotoka International Airport (KIA), in Accra, is expected to transport five-million passengers a year once completed in April next year. The project, funded by the African Development Bank (AfDB), with a $120-million facility, will not only improve... 

LPG production steady and in demand, says supplier

By: Marleny Arnoldi     1st September 2017 In the past unscheduled shutdowns affected South Africa’s liquefied petroleum gas (LPG), but this year, local production is steady, says LPG supplier Easigas. Easigas commercial technical manager Dave de Wit points out that supply should improve, considering the development of terminal facilities... 

Policy limits South African gas economy

By: Marleny Arnoldi     1st September 2017 Policy and legislation on natural gas are currently bottlenecked in South Africa, which creates limits to South Africa’s gas economy growth, says growth strategy company Frost & Sullivan.  

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