R/€ = 14.87 Change: -0.02
R/$ = 12.12 Change: -0.01
Au 1333.50 $/oz Change: 2.84
Pt 1002.00 $/oz Change: -14.20


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... 

Sasol service stations attract largest number of visitors, survey reveals

By: Irma Venter     19th January 2018 Sasol service stations are attracting the most feet per service station in South Africa, with Shell service stations in second position. Engen, with its much larger service station footprint, attracts more visitors, in total, than any other brand. 

Nigeria moves closer to turning long-awaited oil bill into law

By: Reuters     18th January 2018 Nigeria moved closer to turning the first part of a long-awaited oil industry bill into law after the lower house passed the same version of the legislation approved by the Senate last year, a lawmaker in the House of Representatives said on Thursday. It is the first time both houses have... 

Middle Island plans follow-up drilling to enhance Wirraminna deposit

By: Dylan Slater     18th January 2018 Gold exploration and development company Middle Island on Thursday reported the outcomes of a pit optimisation study for the Wirraminna deposit, in Western Australia.  

Gibela moves to Dunnottar plant; takes first manufacturing steps

By: Irma Venter     17th January 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... 

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). 

Dunnottar train manufacturing complex project, South Africa

By: Sheila Barradas     12th January 2018 The Gibela Rail Transport Consortium has moved its dedicated team into the new train manufacturing plant and training centre complex at Dunnottar. 

Gibela moves team to Dunnottar

By: Natasha Odendaal     9th January 2018 With plant construction two months away from completion, the Gibela Rail Transport Consortium, in which Alstom holds an interest, has moved its dedicated team into the new train manufacturing plant and training centre complex in Dunnottar, Ekurhuleni. “All teams are now on board and ready to... 

Thor extends Molyhil mine life, identifies potential for underground development

By: Natasha Odendaal     9th January 2018 ASX- and Aim--listed Thor Mining has achieved a major step in the commercialisation potential of its proposed Molyhil tungsten/molybdenum mine, in the Northern Territory, with a 17% increase in mine life and the emergence of a possible underground mining option. The update followed the company’s... 

Anaconda outlines resource estimate for Argyle discovery

By: Henry Lazenby     9th January 2018 Junior gold producer Anaconda Mining has announced a new mineral resource estimate for its Argyle gold discovery, at the Point Rousse project, in Newfoundland and Labrador. The TSX-listed miner has reported a compliant indicated resource of 38 300 oz of gold, held in 543 000 t grading 2.19 g/t... 

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... 

Champion ramps up Bloom Lake activity, first train to roll by March

By: Henry Lazenby     30th December 2017 Activities are ramping up at the Bloom Lake mine, in near Fermont, Quebec, with preparations well under way towards the ultimate goal of sending off the first fully laden train of iron-ore by the end of February, or early March. “The highlights have been coming thick and fast this year,” Champion... 

European chipmakers tumble on iPhone demand scare; miners rally

By: Reuters     27th December 2017 European tech stocks tumbled on Wednesday as the region emerged from a two-day trading holiday and investors reacted to reports that demand for Apple's iPhone X may be weaker than expected. The pan-European STOXX 600 inched 0.1% higher, as the downturn in the high-performing tech sector was... 

Alternative fuel and vehicle technologies viable, necessary for SA

By: Tasneem Bulbulia     15th December 2017 Different fuel and vehicle technologies will be required for a successful and sustainable transition to a low-carbon future, and how the transport sector evolves amid growing global demand for energy will have a significant impact on efforts to address climate change, indicates energy giant Shell... 

Novovoronezh NPP Unit 7 nearing completion

By: Nadine James     13th December 2017 The construction of a 1 200 MW water-to-water energetic reactor (VVER) for Unit 7 at Russian State-owned nuclear company Rosatom’s Novovoronezh nuclear power plant (NPP) is nearing completion, Novovoronezh NPP information and public relations head Yuri Molotov told a delegation of African media... 

CoreSlab behind cost-effective and efficient projects

     11th December 2017 CoreSlab, a leading precast concrete specialist, has participated in many successful private- and public-sector building projects. Importantly, the company’s precast concrete systems have allowed professional teams to accelerate construction times and provided cost-savings for property... 

Vivo to gain 300 stations in 9 African countries in Engen share transaction

By: Schalk Burger     5th December 2017 Petroleum and energy company Vivo Energy, which represents oil multinational Shell’s brand of fuels and lubricants in Africa, will gain 300 service stations across nine African countries after it agreed to buys shares in oil multinational Engen International Holdings from Engen Holdings in... 

Arrow and QCLNG announce major gas deal

By: Mariaan Webb     1st December 2017 Multinational oil and gas major Shell and its joint venture (JV) partner PetroChina have approved a major gas supply deal that will bring to market Arrow Energy’s significant gas reserves in the Surat basin of Queensland. The JV partners have approved a 27-year deal between Arrow and Queensland... 

Heat exchangers made compact

     1st December 2017 Wisconsin-based shell and tube heat exchangers company Enerquip has added a new line of compact heat exchangers to meet growing demands from customers with low flow-rate applications. Enerquip is one of the leading providers of heating and cooling equipment for production plants and... 

Sasol the most successful service station brand in SA, says Lightstone Explore

By: Irma Venter     27th November 2017 Sasol service stations are attracting the most feet per service station in South Africa, with Shell service stations in second position. Engen, with its much larger service station footprint, attracts more visitors, in total, than any other brand. 

Shell collaboration helps power London buses with coffee waste

By: Nica Schreuder     20th November 2017 International energy and petrochemicals group Shell, in partnership with London-based clean technology company bio-bean and UK biodiesel producer Argent Energy, is helping power some of London’s buses through a new coffee biodiesel project – launched on Monday – which uses a biofuel made partly... 

Maintenance programmes crucial for mine cost management

By: Robyn Wilkinson     17th November 2017 In challenging economic times, mining companies are looking to ‘sweat’ their assets, and a key cost management strategy in this endeavour is the implementation of sustainable cost management programmes with structured and proactive maintenance programmes, says mining, materials handling and... 

Geomysore’s Jonnagiri has potential to be India’s first private gold mine

By: Mariaan Webb     16th November 2017 Gold firm Geomysore Services India, in which Aim-listed Lionsgold has a 21.15% shareholding, has completed a feasibility study for the Jonnagiri gold project, demonstrating the project’s potential to be developed into India’s first privately-owned gold mine. The Jonnagiri project, in the state of... 

Shell, AfriForum, TKAG to discuss Karoo fracking 

By: Megan van Wyngaardt     15th November 2017 Shell South Africa country chairperson Hloniphizwe Mtolo will meet with civil rights and environmental protection organisations AfriForum and Treasure the Karoo Action Group (TKAG) to discuss environmental, legal and economic concerns over fracking. The groups received an official commitment from... 

Custom-designed bearing housing supplied to West African gold mine

     10th November 2017 Bearing parts supplier SKF South Africa (SKF) has supplied a custom designed heavy-duty bearing housing assembly and two IMX-S conditioning monitoring systems for a 12 MW semi-autogenous grinding (SAG) mill currently operating on a gold mine in West Africa. “This is the first combination online... 

Student competition fosters innovative energy solutions

By: Nica Schreuder     10th November 2017 In a bid to allow South African engineering students to explore and understand energy efficiency and solutions, Gauteng-based tertiary institution the University of Johannesburg (UJ) has partnered with international energy and petrochemicals group Shell Global for the fourth time to host the... 

Sophisticated modernization concept for the production of high-quality structural steel, boiler, tube and heavy-plate grades

     30th October 2017 ArcelorMittal Asturias (Avilés) has contracted SMS group for tailor-made conversion of slab caster No. 2 ArcelorMittal Asturias, Avilés, Spain, has contracted SMS group for a comprehensive conversion of the company’s two-strand slab caster No. 2. With this modernization,... 

Norwegian continental shelf carbon capture storage project

By: Sheila Barradas     27th October 2017 Gassnova's carbon capture storage (CCS) project is part of Norway's efforts to develop full-scale CCS in the country. 

SKF custom pinion housing assemblies with IMX-S condition monitoring solution for SAG mill in West Africa

     25th October 2017 SKF South Africa supplied a custom designed heavy-duty bearing housing assembly and two IMX-S conditioning monitoring systems for a 12MW SAG mill operating on a gold mine in West Africa. “This is the first combination online condition monitoring system and drive train solution for a SAG mill... 

Pre-cast at the CORE of modern hotel

     18th October 2017 The new six-storey 2Ten Hotel is immediately noticeable by the slender and elegant vertical and horizontal lines that traverse the full length and width of the east, west and south walls of the structure. Meanwhile, lean horizontal and vertical strips of pre-cast concrete coping on the perimeter... 

Po Valley gets new production concession

By: Esmarie Swanepoel     18th October 2017 The Italian Ministry of Economic Development has granted ASX-listed PO Valley a production concession for a new onshore gas field close to existing producing infrastructure. Po Valley said on Wednesday that the Sant Alberto production concession, near Bologna, covers an area of 19.51 km2 and was... 

Robin Partington & Partners Implements Federated BIM Workflow to Design Westminster Borough’s Iconic Tower

     13th October 2017 The GPB 500 million Merchant Square development brings together four buildings and their unique setting as one coherent piece of urban infrastructure in the heart of Paddington, London, United Kingdom. In order to transform the area into a landmark destination, European Land and Property... 

Shell mulls adding EV charging points to forecourts in several countries

By: Irma Venter     6th October 2017 Energy giant Shell is exploring the possibility of adding electric vehicle charging points to its forecourts in a number of countries. The Shell brand is traditionally associated with fuel, engine oils and lubricants and service stations in South Africa. 

Queensland gas supply deal enacted

By: Esmarie Swanepoel     4th October 2017 Queensland’s liquefied natural gas (LNG) producers have enacted a deal struck with the federal government to provide sufficient gas supply to the domestic market in 2018 and 2019, signing an industry-government agreement. Shell, Origin Energy and Santos in September agreed to supply an additional... 

America’s ‘most storied mine’ under new management as Bunker Hill aims at restart

By: Henry Lazenby     29th September 2017 One of America’s most famous mines is set to restart operations, after a team of mine developers that have done it before in Idaho’s Silver Valley, recently obtained a lease and option to buy the historic brownfields project. Using a Canadian shell company to advance the acquisition of the... 

SAPICS takes supply chain insights to ‘super-heroes’ around South Africa

     28th September 2017 The real-life super-heroes of South African business are to be found in supply chain functions, according to Olakira founder and former Shell South Africa managing director Tanya Kabalin.   As one of the speakers in an expert line-up from South Africa and the US, Kabalin told supply chain... 

Australian govt strikes deal with gas exporters on domestic supply

By: Esmarie Swanepoel     28th September 2017 Australia’s three largest gas exporters, Shell, Origin Energy and Santos, have struck a deal with the federal government to supply the expected gas shortfall in 2018. The Australian Competition and Consumer Commission (ACCC) and the Australia Energy Market Operator (AEMO) have both warned of... 

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