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US coal miners are shoveling more money than ever at investors

By: Bloomberg     25th March 2019 It’s not a great time to be a coal miner, but there’s never been a better time for their shareholders. US coal companies returned almost $3.7-billion in dividends and buybacks to shareholders in the 12 months through September, and S&P Global Ratings expects more of the same this year. That’s... 

Glencore suspends Australian zinc mine as cyclone nears

By: Reuters     22nd March 2019 Commodity giant Glencore on Friday said it had suspended operations at its McArthur River zinc mine in northern Australia as a cyclone approaches. Authorities have declared a state of emergency in the region as Tropical Cyclone Trevor nears, with the nation's weather bureau on Friday saying the... 

Macarthur finds buyer for Lake Giles iron-ore

By: Esmarie Iannucci     22nd March 2019 Canada’s Macarthur Minerals has inked a binding $4-billion life-of-mine offtake agreement with diversified major Glencore over the iron-ore at its Lake Giles project, in Western Australia. the terms of the agreement, Glencore would acquire an average of four-million tonnes a year of Lake Giles... 

Newcastle liquefied natural gas floating storage and regasification import terminal, Australia

By: Sheila Barradas     22nd March 2019 EPIK plans to build a liquefied natural gas floating storage and regasification import terminal at the Port of Newcastle. 

Port of Durban records higher 2018 cargo volumes

By: Tasneem Bulbulia     20th March 2019 The Port of Durban has recorded volume growth in the container, liquid bulk and dry bulk sectors in 2018, the Transnet National Ports Authority (TNPA) reported on Wednesday. Container volumes increased by 9.5% year-on-year to 2.96-million twenty-foot equivalent units (TEUs). Of this, container... 

Africa is running out of water as cities' populations boom

By: Bloomberg     19th March 2019 As water supplies in Ghana’s capital grew increasingly erratic, Beatrice Kabuki stopped customers from using her grocery store’s bathrooms and installed a plastic storage tank at her home. “The taps flow once a week and usually at night, so we stay awake to fetch what we can store,” Kabuki, 35,... 

Eskom's 'perfect storm' and how the power utility is managing the crisis 

By: News24Wire      18th March 2019 South Africa has been oscillating between Stage 2 and Stage 4 load shedding since Friday, cutting up to 4 000 MW from the national grid per day. The rolling blackouts are expected to continue until Wednesday, with demand expected to taper off towards the end of the week, as Thursday is a public... 

PE-based e-coating specialist seeks majority empowerment partner 

By: Irma Venter     15th March 2019 Port Elizabeth-based e-coating specialist, Electrocoat, wishes to sell at least 51% of the business to a black investor. Businesses that are successful in implementing major transformational changes will secure a sustained competitive advantage under the South African Automotive Masterplan 2035,... 

India’s Shipping Ministry unveils guidelines of LNG FSRU at all major ports

By: Ajoy K Das     15th March 2019 India’s Shipping Ministry has drawn up guidelines for setting up floating storage regasification units (FSRU) for liquefied natural gas (LNG) at all major ports in the country. The new guidelines aim to promote a shift from land-based LNG storage terminals to offshore units, as the latter cost... 

Port Arthur liquefaction project, US

By: Sheila Barradas     15th March 2019 The Federal Energy Regulatory Commission has prepared a final environmental-impact statement for the Port Arthur liquefaction project. 

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