R/€ = 16.76 Change: 0.00
R/$ = 14.64 Change: 0.00
Au 1184.72 $/oz Change: 7.82
Pt 786.75 $/oz Change: 5.92


“Once you experience the value of Atlas Copco there’s no looking back” - Dynamic Air

17th August 2018 Dynamic Air recently purchased two XATS1200 compressors from Atlas Copco Power Technique to replace older same brand compressors for one of their customers in the oil refinery industry. “Having reached between 18 000 and 21 00 hours, we can safely say that these two Atlas Copco compressors have... 

Neometals to separately list titanium and vanadium business

By: Esmarie Swanepoel     16th August 2018 The board of ASX-listed Neometals has approved the demerger of the Barrambie titanium/vanadium project, in Western Australia, along with the associated technology assets, into a newly listed company. Neometals told shareholders on Thursday that the move would allow the company and the newly... 

Nigeria's State-owned oil company considers refinery partnerships

By: Reuters     14th August 2018 Nigerian National Petroleum Corporation (NNPC) could allow private investors to install two refineries on two of its sites, the State-owned oil company said on Tuesday. NNPC said in a statement that it was considering plans to establish a 100 000 bbl/d brownfield refinery at its Port-Harcourt and... 

Global first from Neo Monitors and RTS Africa - real-time in-situ hydrogen monitoring

10th August 2018 A major boost for petrochemical and refinery process control engineers The reliable in-situ measurement of hydrogen in multiple gas process streams is something that refinery and petrochemical plant process control engineers would like to have been able to do previously, but have never had the... 

Billionaire's huge Nigerian oil refinery likely delayed until 2022 – sources

By: Reuters     10th August 2018 A huge oil refinery being built in Nigeria by Africa's richest man is unlikely to start production until 2022, two years later than the target date, sources with direct knowledge of the matter said. The 650 000 bbl/d refinery near Lagos, set to be Africa's biggest, is expected to boost Nigeria's... 

Sonatrach in talks with 14 foreign firms on trading venture – CEO

By: Reuters     10th August 2018 Algerian State energy firm Sonatrach is in talks with 14 international firms for a joint venture to trade oil and gas products after agreeing to buy its first overseas refinery, its CEO said on Thursday. "I am happy to say that 14 firms are on the list to do a JV on trading with us," Abdelmoumen... 

Fibre optics punted for pipeline monitoring amid major spills in mining and other sectors

By: Nadine James     10th August 2018 Fibre optics were invented to carry huge amounts of voice data over long distances very efficiently, but advancements in optical technology have enabled the use of specialised fibre optic cables as sensors with the ability to measure parameters such as acoustic energy, temperature, strain, and... 

New silver bullion Krugerrand goes on sale

By: Creamer Media Reporter      7th August 2018 The new silver bullion Krugerrand went on sale this week and is expected to generate significant interest, says Prestige Bullion, a joint venture between Rand Refinery and the South African Mint. The silver Krugerrand is Prestige Bullion’s first foray into silver and its introduction makes this... 

More northeast China cities cancel alumina projects amid public backlash

By: Reuters     6th August 2018 Four more cities in northeast China's Liaoning province have abandoned their pursuit of alumina projects amid public environmental concerns, after Chaoyang last week scrapped plans to build the world's biggest alumina refinery. The new cancellations - announced in recent days by the cities of... 

Vedanta delivers strong Q1 Ebitda

By: Simone Liedtke     6th August 2018 Diversified miner Vedanta Resources on Monday announced that it had delivered strong earnings before interest, taxes, depreciation and amortisation (Ebitda) and drove steady margins in the first quarter of the 2019 financial year, which ended on June 30. The margins, the miner highlighted, were... 

Redefining philanthropy

By: Martin Zhuwakinyu     3rd August 2018 Aliko Dangote, Africa’s richest man – with a net worth of $12.4-billion – is redefining philanthropy in his native Nigeria. But the 61-year-old is doing this in a way that will make his bank account even fatter. Dangote Group, the 30 000-employee multinational industrial conglomerate he founded... 

Nigeria oil refinery

3rd August 2018 Nigerian business magnate Aliko Dangote has arranged more than $4.5-billion in debt financing for his Nigerian oil refinery project. 

Mixed feed cracker project, South Korea

By: Sheila Barradas     3rd August 2018 GS Caltex Corporation is building a 700 000 t/y ethylene mixed feed cracker, in Yeosu. 

Commission granted 15-day extension in proposed OTS, Chevron South Africa merger

By: Creamer Media Reporter      2nd August 2018 The Competition Tribunal has granted the Competition Commission a 15 working day extension to consult interested parties to a proposed merger between Off the Shelf 56 (OTS) and Chevron South Africa (CSA). OTS, which already owns 25% of CSA, is seeking to acquire the remaining 75% interest in CSA... 

80 South Durbanites graduate from Engen’s Computer School

1st August 2018 The Engen Computer School in Wentworth recently held a graduation ceremony for 80 proud community members who received certificates for completing various computer and business skills courses. The Engen Computer School offers members of the local community introductory-level computer skills... 

Rio Tinto granted chain of custody certification by ASI

By: Marleny Arnoldi     27th July 2018 Anglo-Australian miner Rio Tinto has been granted chain of custody certification by the Aluminium Stewardship Initiative (ASI). Rio Tinto is the first mining and metals company to be granted this certification, which means the company will be the only one selling aluminium that customers can be... 

New milestone set at Gamsberg zinc project

By: Martin Creamer     26th July 2018 The completion of the main construction activities and commissioning of the front-end ore crushing, handling and stockpiling system for the Gamsberg zinc mine project in the Northern Cape is seen as a significant milestone. Completed for the Black Mountain Complex – part of the Vedanta Resources... 

Rio Tinto renews commitment to Quebec aluminium operations

By: Esmarie Swanepoel     26th July 2018 PERTH ( – Diversified miner Rio Tinto has struck a renewed partnership agreement with the government of Quebec, which the miner said would strengthen its aluminium assets in the region. The new agreement supersedes one that was signed in 2006, and will run until 2025. The... 

IRS to become a division of Impala Platinum

By: Marleny Arnoldi     25th July 2018 Impala Platinum Holdings (Implats) subsidiaries Impala Platinum and Impala Refining Services (IRS) have entered into a sale of business agreement for Impala to acquire the metal purchase and toll refining operations of IRS for R8-billion. IRS is now a division of Impala, rather than a standalone... 

Karo officially launches Zimbabwe platinum project

By: Anine Kilian     24th July 2018 Zimbabwe and platinum producer Karo Platinum on Tuesday officially launched the Karo platinum project, in Chegutu, Zimbabwe.  “We are excited about partnering with Zimbabwe and its people in building a long-term and sustainable business. Zimbabwe has an extraordinary metal and mineral endowment... 

Fluor awarded FEL engineering contract at Sasol Secunda

By: Creamer Media Reporter      24th July 2018 Sasol South Africa has awarded Fluor Corporation  the front-end loading (FEL) engineering contract for the Secunda clean fuels baseline improvement basket of projects. “We are pleased to assist Sasol with the start of this important programme. Our team will use its global expertise in clean fuel... 

Norsk Hydro says unclear when will resume full output at Brazil alumina refinery

By: Reuters     24th July 2018 Aluminium producer Norsk Hydro said it was unclear when it would resume full production at its Alunorte alumina refinery in Brazil, the world's largest, as the firm on Tuesday reported second-quarter earnings in line with forecasts. Norway's Hydro was ordered in February by Brazilian authorities... 

Fluor Chosen for Conceptual Study for Sasol’s Clean Fuels and Octane Program in South Africa

By: Creamer Media Reporter      23rd July 2018 IRVING, Texas and WOODMEAD, South Africa (July 23, 2018) – Fluor Corporation  announced today that it was awarded the front-end loading engineering (FEL) for the Secunda Clean Fuels Baseline Improvement Basket of Projects by Sasol South Africa (Pty) Ltd. Fluor signed the contract in the second... 

Electricity interruptions impact on Sasol’s FY18 production performance

By: Marleny Arnoldi     20th July 2018 Several unplanned electricity supply interruptions and two internal outages at its Secunda synfuels operations, resulted in lower production volumes for petrochemicals group Sasol for the financial year ended June 30. In a trading update published on Friday, the company said its earnings before... 

System installed at sugar refinery

20th July 2018 Industrial equipment group Goscor Cleaning Equipment (GCE), in partnership with authorised dealer Maverick Industrial Cleaning Solutions, recently supplied and installed a Delfin vacuum system at agroprocessing company Tongaat Hulett sugar refinery in Rossburgh, Durban, the company noted in a... 

Finding common ground in the energy mix

20th July 2018 South Africa’s energy sector has been mired in controversy of late, leaving citizens in the dark as to where the country’s energy future is headed and what it will take to keep the lights on. Be it the delays in signing power purchase agreements for the renewables projects, the National Union of... 

Nigeria oil refinery

By: Sheila Barradas     20th July 2018 Nigerian business magnate, Aliko Dangote, has signed a $650-million loan facility for his oil refinery project. 

Finding common ground in the energy mix

20th July 2018 South Africa’s energy sector has been mired in controversy of late, leaving citizens in the dark as to where the country’s energy future is headed and what it will take to keep the lights on. Be it the delays in signing power purchase agreements for the renewables projects, the National Union of... 

Guinea's mining minister says there will be Simandou deal, talks go on

By: Reuters     18th July 2018 Guinea is in constant talks with Rio Tinto and Chinalco to finalise a deal on the Simandou iron ore project, its mining minister said on Tuesday, adding he was confident an agreement would be reached. Rio Tinto said in October 2016 said it had signed an outline agreement to sell its major stake... 

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. 

Rand Refinery, South African Mint introduce 1 oz silver Krugerrand

By: Creamer Media Reporter      11th July 2018 Prestige Bullion, a joint venture between Rand Refinery and the South African Mint, will, from August 1, sell 1 oz silver bullion Krugerrands. The silver Krugerrand will be produced in unlimited mintage, dependent on market appetite and linked to the daily price of silver. 

Company extends offering

6th July 2018 Safety equipment manufacturer MSA Africa has extended its gas detection capabilities with the acquisition of gas detection technology manufacturer Senscient in the UK, and the launch of its new Ultima X5000 with Bluetooth communication. 

Cabinet’s failure to consider IRP threatens mid-August deadline

By: Terence Creamer     5th July 2018 South Africa’s Cabinet did not deliberate on the Integrated Resource Plan (IRP) at its most recent fortnightly meeting, potentially threatening Energy Minister Jeff Radebe’s self-imposed mid-August deadline for finalising the long-awaited update to the electricity generation plan. Communications... 

Emirates Global Aluminium signs bauxite supply contract with Vedanta

By: Marleny Arnoldi     4th July 2018 Industrial company Emirates Global Aluminium (EGA) has signed an agreement to supply metals miner Vedanta Limited with bauxite from its mining operation in Guinea from 2019.  

Advanced topping refinery, United Arab Emirates

By: Sheila Barradas     29th June 2018 SNC-Lavalin has signed an exclusive agreement with Florexx International Investments for the extended basic engineering and subsequent design and delivery of the refiner 

Trump trade war looms over Canadian town built to supply America

By: Bloomberg     28th June 2018 If ever a town embodied US-Canadian symbiosis, it’s Arvida, Quebec. Built by Americans, its giant smelter supplied most of the Allied forces’ aluminum in World War II and today makes metal used in Budweiser beer cans, Tesla and Ford cars and in AR15 rifles, part of the 2.5-million metric tons... 

Sunrise illuminates Clean TeQ value

By: Esmarie Swanepoel     25th June 2018 The Sunrise cobalt/nickel project, in New South Wales, is expected to deliver some $14-billion in revenue over its first 25-year mine life, ASX- and TSX-listed Clean TeQ reported. A definitive feasibility study (DFS) found that the project would generate an average annual earnings before... 

Sugar refinery spotless thanks to Delfin vacuum system from GCE

20th June 2018 Goscor Cleaning Equipment (GCE), in partnership with authorised dealer Maverick Industrial Cleaning Solutions, recently supplied and installed a state-of-the-art Delfin vacuum system at the Tongaat Hulett sugar refinery in Rossburgh, Durban. The plant refines and packs over 610 000 tons of sugar... 

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