R/€ = 14.88 Change: 0.00
R/$ = 12.10 Change: 0.00
Au 1335.58 $/oz Change: -5.52
Pt 927.50 $/oz Change: -4.49


Phoenix Global PEA lifts Idaho-based Empire mine output 16%

By: Henry Lazenby     19th April 2018 A preliminary economic assessment (PE) of LSE-quoted project developer Phoenix Global Mining’s historic Empire mine, in Idaho, has outlined a 16% improved production scenario over previous estimates, taking only the openpit copper oxide resource into consideration. The PEA shows an average copper... 

Another hydrogen boost for platinum fuel cells

By: Simone Liedtke     18th April 2018 The introduction of platinum-using fuel cells has received another boost with the latest success in hydrogen compression announced by Anglo American Platinum (Amplats) on Wednesday.   Last week, Amplats revealed plans for a fuel cell dozer, which makes use of hydrogen in liquid, to make a 2019... 

AfriForum, TKAG welcome Shell’s indication to withdraw from shale gas exploration

By: Anine Kilian     16th April 2018 AfriForum and the Treasure THE Karoo Action Group (TKAG) view Shell South Africa’s indication of its intention to withdraw from shale gas exploration in the Karoo as a major victory for those who care about the environment, TKAG said in a statement on Monday. The Herald last week reported that... 

SA firm’s high-capacity air hoists making inroads into global oil and gas, marine sectors

By: Schalk Burger     13th April 2018 Industrial pneumatic equipment manufacturer ATS 2000 is reporting significant demand for its high-capacity air hoists in the international oil and gas market and for industrial and marine applications, says ATS 2000 MD Glenton Rebello. The company has manufactured four 60 t air hoists at its... 

Commission’s LPG Market Inquiry recommendation yields positive outcomes

By: Simone Liedtke     12th April 2018 The Competition Commission has accepted the withdrawal of a complaint by propellants supplier Puregas against liquefied petroleum gas (LPG) manufacturer and supplier Shell Downstream for unfair business practices, after Puregas was able to secure a supply agreement on favourable terms.   In... 

India proposes bringing LNG terminals within the PNGRB regulatory framework

By: Ajoy K Das     11th April 2018 India’s upstream oil and gas sector regulator, Petroleum and Natural Gas Regulatory Board (PNGRB), has proposed to bring all new liquefied natural gas (LNG) storage and regasification projects under its regulatory framework. The regulator’s draft 'Petroleum and Natural Gas Regulatory Board... 

Vivo Energy plans to list on LSE, JSE

By: Simone Liedtke     10th April 2018 Vivo Energy, which is a retailer of Shell-branded fuels and lubricants in Africa, plans to proceed with an initial public offering (IPO) and to apply for admission of its shares to the LSE and the JSE. Admission is expected to occur in May. 

NT resources projects to benefit from govt investment

By: Esmarie Swanepoel     6th April 2018 Major resource projects in the Northern Territory are set to benefit from more investment by the state government. The territory government announced plans to invest an additional A$2.44-million over the next two years, to attract and deliver new projects to boost the region’s economy, and to... 

Gabon to revise hydrocarbons law to attract investment – oil ministry

By: Reuters     23rd March 2018 Gabon plans to revise its hydrocarbons law to attract new investment, the oil ministry said on Thursday. Under the current legal framework, the Gabonese state holds a minimum 20% stake in oil projects. The state oil company has the right to a stake of up to 15%. 

Women at Glencore oil trading unit earn 28% less than men

By: Bloomberg     23rd March 2018 Women working in oil trading at Glencore earn 28% less pay on average than men and receive bonuses that were 57% lower. The income disparity, disclosed by the second-biggest independent oil trader under UK government-mandated pay gap reporting, underscores the lack of women in senior roles at... 

BC govt unveils tax incentives to induce Kitimat LNG development

By: Henry Lazenby     22nd March 2018 The British Columbia minority government on Thursday unveiled several measures to entice natural gas development in Kitimat, where LNG Canada is working towards a development decision on a new C$40-billion terminal that will process and ship liquefied natural gas (LNG) to Asian markets.... 

Marijuana is the new gold as former Canada miners go to pot

By: Bloomberg     19th March 2018 Turns out, it may be easier to strike gold by growing green. Just ask Jay Wilgar, a former wind power developer who started a medical marijuana company with friend Travis Kanellos after hatching the idea while lifting weights at a gym. When they began looking at ways to take their startup... 

CoreSlab capabilities at the core of another fast-track commercial property development

     16th March 2018 Golden Bay Property Developments is known for an ability to accelerate its property projects to swiftly supply a significant demand for office and industrial space in Pololwane, Limpopo’s capital city.This latest project will provide 40 additional offices to a growing number of small, medium and... 

Energy management automation products to be exhibited at PEWA

By: Marleny Arnoldi     16th March 2018 Electrical solutions and lighting specialist organisation Magnet Group will exhibit at Power & Electricity World Africa (PEWA) on March 27 and 28 at the Sandton Convention Centre, in Gauteng.  

Africa’s downstream oil industry holds promise

By: Kim Cloete     14th March 2018 The downstream market is dynamic in Africa and continues to evolve and become more transparent throughout the supply chain, says African energy specialist CITAC Africa executive director Gary Still. He told the annual African Refiners & Distributors Association (ARA) conference, in Cape Town, on... 

Shell, Blackstone eye $10bn bid for BHP US shale assets – Sky News

By: Reuters     9th March 2018 Royal Dutch Shell and US private equity firm Blackstone Group are working on a joint $10-billion bid for BHP Billiton's US shale assets, Sky News said on Thursday. Shell and Blackstone's offer will only be one of several credible proposals that BHP will receive for its US shale operations, Sky... 

Global industry leaders to address World Petrochemical Conference

     9th March 2018 Global chemicals, refining, and oil industry leaders and experts will be among those to address the World Petrochemical Conference (WPC) 2018 taking place at the Hilton Americas Hotel in Houston, in the US from March 19 to 23. The thirty-third annual WPC will welcome more than 80 speakers and 1... 

Steering a course for growth – AMSOL

     8th March 2018 STEERING A COURSE FOR GROWTH: AMSOL INVESTS IN A ROBUST TALENT PIPELINE As a finalist in the Skills Development category at the 2018 Oliver Empowerment Awards which recognise exceptional contributions to sustainable transformation in South Africa, majority Black South African owned specialist... 

New life for Ausroc as it lists as Woomera Mining

By: Mariaan Webb     6th March 2018 Mining shell Ausroc Metals has a new lease on life with the reverse takeover of Woomera Exploration and relisting on the ASX on Monday. Woomera has successfully raised A$4.07-million at A$0.20 a share with its listing. 

ACCC proposes joint gas marketing in Northern Territory

By: Megan van Wyngaardt     2nd March 2018 The Australian Competition and Consumer Commission (ACCC) has released a draft determination proposing to authorise joint gas marketing arrangements between joint venture partners ASX-listed Central Petroleum and Macquarie Mereenie for their Mereenie oil- and gasfield, located in the Amadeus... 

Stabila LAR 350 rotation laser features world-first motion control system

     2nd March 2018 The LAR 350 rotation laser from Stabila, launched locally by official African distributor Upat, features a world-first motion control system comprising an intuitive remote control with an in-built movement sensor. By turning the remote control to the right or left, the movement sensor accelerates... 

Billionaire Lundin chases base-metal buy of up to $3bn

By: Bloomberg     1st March 2018 Sweden’s billionaire Lundin family is looking to spend as much as $3-billion on a new industrial-metal asset as prices rally, before turning its attention to scouring for a new gold project. Lundin Mining is on the prowl for a long-life zinc, nickel or copper asset and would shell out $1-billion... 

Exxon, BHP axe lengthy sale of 50-year-old Australia oil fields

By: Bloomberg     23rd February 2018 Two of the world’s biggest energy producers have abandoned the sale of some of Australia’s oldest oil fields after running a 20-month sales process. Exxon Mobil and BHP Billiton will retain ownership and operation of fields, licenses and associated infrastructure held in the Gippsland Basin... 

Maintaining optimal security in the Oil, Gas and Energy Industries

     23rd February 2018 By Gavin Holme, Country Manager, Africa, Wipro Limited Security, both physical and cyber security, is a top priority for any organization, especially in light of the year-on-year rise in cybercrime. However, for certain industries, not having the proper security measures in place can put more... 

SNC-Lavalin secures 4yr maintenance contract with Shell South Africa

By: Schalk Burger     20th February 2018 SNC-Lavalin has been awarded a four-year maintenance service and support contract for ten fuel storage facilities for oil multinational Shell Downstream South Africa. The scope of work includes mechanical, electrical, instrumentation and piping maintenance related services for ten Shell terminal... 

Reuse of road construction materials mitigates road damage 

By: Simone Liedtke     16th February 2018 To eliminate extensive road damage, construction company Wirtgen SA sales manager Waylon Kukard explains that for an environment-friendly rehabilitation of road pavements, existing construction materials need to be fully reused, which significantly reduces material costs. 

Infrastructure specialists help municipalities accelerate service delivery to poor communities

     14th February 2018 New sports complex construction projects in Limpopo are providing many members of poor communities with employment opportunities and driving skills development in the South African construction industry. Moreover, these projects have become an important pipeline of work for emerging contractors.... 

Woodside lashes out at South Korea's Kogas over disputed LNG contract

By: Reuters     14th February 2018 Australia's Woodside Petroleum on Wednesday lashed out at Korea Gas Corp (Kogas) over a dispute it has with the South Korean company, saying KOGAS owes it money for an expired liquefied natural gas (LNG) contract from the North West Shelf Project. CEO Peter Coleman of Woodside Petroleum,... 

Mugabe's fall has veteran miners jockeying for Zimbabwe comeback

By: Bloomberg     13th February 2018 Robert Mugabe’s fall as Zimbabwe president is setting the scene for the return of a London mining listing for Andrew Groves and his long-term business partner – and former England cricketer – Phil Edmonds. Groves is preparing to relist the pair’s Zimbabwe coal, chrome and gold assets in London... 

Lubricants company creates specialist division to drive localisation

By: Marleny Arnoldi     9th February 2018 Lubricants specialist FUCHS Lubricants South Africa (FUCHS) and its parent company FUCHS Petrolub SE, based in Germany, have created a Lubritech division to drive a specialisation and localisation agenda.  

Exxon's silent treatment on earnings is rankling Wall Street

By: Bloomberg     8th February 2018 Wall Street wants answers from Exxon Mobil. For at least a decade, Exxon’s top executives haven’t taken questions from Wall Street analysts during quarterly conference calls. Instead, Exxon only fields its VP for investor relations, a unique practice among the top ten S&P 500 Index companies and... 

Manufacturing trials of first locally made train car under way

By: Irma Venter     2nd February 2018 Gibela has initiated manufacturing trials of the first locally made train car at the Gibela train factory, in Dunnottar, on the East Rand. The first train’s car-body shell – essentially, its panel-clad metal frame – is expected to be completed by the end of the first quarter of 2018, with the... 

Thor to update DFS for NT tungsten project

By: Schalk Burger     1st February 2018 Aim- and ASX-listed Thor Mining on Thursday announced that it had approved an upgraded definitive feasibility study (DFS) for its Molyhil tungsten project, in Northern Territory, Australia. The company is preparing to review capital and operating expense parameters for the upgraded Molyhil DFS,... 

BHP is said to mull shale split to speed $10bn sale

By: Bloomberg     1st February 2018 BHP Billiton, seeking to accelerate the sale of its US shale unit, is prepared to offer the assets in as many as seven packages, including three in the prized Permian Basin, according to people with knowledge of the producer’s plans. The world’s biggest miner continues to favour a sale of the... 

Nqaba Industrial Supplies

     31st January 2018 Nqaba Industrial Supplies is a specialist steel and metals supplier. The company was founded more than 17 years ago and is one of only five approved …….. ESKOM Boiler Tube suppliers. 

Dunnottar train manufacturing complex project, South Africa

By: Sheila Barradas     26th January 2018 Gibela has initiated manufacturing trials of the first locally made train car at the Gibela train factory. 

Nigeria passes major oil reform bill after 17 year struggle

By: Reuters     19th January 2018 Nigeria has moved closer to turning an oil industry bill into law after a 17 year struggle to complete the legislation which aims to increase transparency and stimulate growth in the country's oil industry. Nigeria' lower house of parliament has passed a version of the bill which is the same as... 

Nigeria lawmakers look into recovering $21bn revenues from oil groups

By: Reuters     19th January 2018 Nigerian lawmakers ordered an investigation on Thursday into whether the government could recover $21-billion in revenues from international oil companies. Oil minister Emmanuel Ibe Kachikwu said in December the government had failed to enforce a legal provision entitling it to a greater share of... 

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