R/€ = 16.54 Change: -0.38
R/$ = 14.59 Change: -0.35
Au 1177.89 $/oz Change: -17.03
Pt 772.00 $/oz Change: -33.07


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... 

South Africa has significant potential for biopharming, bio economy

By: Erin Steenhoff-Snethlage     10th August 2018 Judging by the number of patent applications filed for biopharming inventions by local universities, research councils and science councils, there is significant potential for South Africa to create an industry around biopharming, claims intellectual property firm Spoor & Fisher. “Biopharming is... 

Borssele III/IV wind farms, the Netherlands

By: Sheila Barradas     10th August 2018 Blauwwind Consortium is building a wind farm with a 731.5 MW capacity off the coast of the Netherlands. 

Professional fees

By: Terry Mackenzie-hoy     3rd August 2018 You can get advice from a fairly good consulting engineer at a rate of about $700 for an eight-hour day which is near enough to R1 200 an hour. This would be a person who is registered as a professional engineer and has at least 20 years' experience. The rates that individuals and consulting... 

Letšeng large diamond recoveries reach a record in H1

By: Marleny Arnoldi     3rd August 2018 LSE-listed Gem Diamonds continued to recover large diamonds during the first half of this year, with a record ten diamonds greater than 100 ct recovered, at its Letšeng mine, in Lesotho. Gem recovered another such diamond in July, which resulted in the highest number of more-than-100 ct... 

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... 

Gas industry pushes for further easing of restrictions to boost supply

By: Esmarie Swanepoel     2nd August 2018 The resources industry has called for a further easing of restrictions on the gas industry to ensure the development of more supply, according to the Australian Competition and Consumer Commission’s (ACCC’s) latest Gas Market Inquiry report. The ACCC said on Thursday that while conditions on the... 

Kumba ‘very bullish’ on exploration prospects 

By: Martin Creamer     25th July 2018 Iron-ore mining and marketing company Kumba Iron Ore is bullish about its R664-million exploration programme, that has funded more than 200 000 m of drilling. "We’re very bullish and very excited,” Kumba Iron Ore technical and projects head Glen Mc Gavigan commented to Mining Weekly Online during... 

SA halts oil exploration permits to revamp licensing

By: Bloomberg     13th July 2018 South Africa’s Department of Mineral Resources has issued a moratorium on new applications for petroleum exploration and development in order to change its licencing process. The restriction won’t affect applications received before the date of publication of the notice, which appeared in the... 

Shell ramps up in Kitimat, raising Canada’s C$40bn LNG hopes

By: Bloomberg     9th July 2018 A flurry of activity in a remote Canadian town is raising optimism that Royal Dutch Shell and its partners are ready to go ahead with the nation’s largest infrastructure project: a C$40-billion liquefied natural gas terminal that could at last unlock energy exports to Asia. The action is... 

BP is front-runner to buy BHP's US shale unit

By: Bloomberg     8th July 2018 BP has emerged as the front-runner to buy BHP Billiton’s onshore oil and gas operations in the US, according to a person familiar with the matter. The London-based oil major has made the highest offer for the assets, which BHP prefers selling in a single package, said the person, who asked to... 

Emergency rescue mask available in Africa

By: Paige Müller     6th July 2018 Local safety equipment supplier Dromex now holds the sole distribution rights in Africa for the internationally distributed safety-critical Duram escape mask. The emergency evacuation mask, manufactured in Israel, is designed to provide respiratory protection and reduce the health risk and... 

Steel a sustainable choice for building addition

6th July 2018 Knysna-based light steel frame (LSF) construction company Rancor has completed the addition of a 570 m2 second floor to the Kaap Agri building in Paarl, Western Cape.  The requirements for the new structure were clear; it had to be cost-effective, comply with building regulations, be acoustically... 

Expo aims for 50% more visitors this year

By: Halima Frost     29th June 2018 Building on record attendance of more than 2 280 visitors to Africa's leading transport, materials handling, logistics and fleet management event the TruckX Conference and Expo (TruckX) at the Kyalami grand prix circuit, in Midrand, last year, TruckX 2018 hopes to increase this year’s attendance... 

Ongoing fuel cell developments kindle hope for platinum demand 

By: Martin Creamer     26th June 2018 Ongoing hydrogen fuel cell developments across the globe are kindling hope for an eventual significant increase in platinum demand. This month alone, Hyundai Auto Canada took part in the official opening of Canada's first retail hydrogen fuelling station operated by Shell and Hydrogen Technology... 

New draft Mining Charter better than ‘disaster’ it is replacing – Mohale

By: Nadine James     22nd June 2018 The latest draft of the third Mining Charter is not perfect, but it is better than the “disaster” it is replacing, Business Leadership South Africa CEO Bonang Mohale told attendees at the African Mining Network event on Thursday evening. He explained that the previous draft, which was... 

AEMO sees no gas supply gaps to 2030

By: Esmarie Swanepoel     22nd June 2018 The latest Gas Statement of Opportunities (GSOO) by the Australian Energy Market Operator (AEMO) has found that market intervention, new supply and lower demand have avoided a potential energy shortfall. The AEMO in late 2017, warned of a substantial shortfall in gas for the east coast of... 

Petroleum conference renewed for a third year

By: Paige Müller     15th June 2018 The West African International Petroleum Exhibition and Conference (Waipec) will be renewed for a third consecutive year, following an overwhelmingly successful reception from regional and international participants at this year’s second annual conference in Lagos, Nigeria.   Petroleum Technology... 

Italy top court rejects appeal to stymie Shell, Eni corruption trial

By: Reuters     14th June 2018 Italy's Supreme Court threw out an appeal from Shell and four former Shell managers to stymie a trial on alleged corruption in Nigeria, which also sees Eni's chief on the bench, legal sources said on Wednesday. The long-running graft case revolves around the 2011 purchase by Eni and Shell of... 

UD+ single-filter technology from Atlas Copco redefines filtration standards

14th June 2018 The UD+ advanced filter technology which combines Atlas Copco’s 2-in-1 nautilus concept, delivers a 40% lower pressure drop, removes contamination in compressed air down to 0.01 ppm, reduces maintenance costs and offers numerous environmental advantages. The patent-pending UD+ single cartridge... 

PetroSA's GTL refinery could run out of natural gas in two years 

By: Reuters     12th June 2018 South Africa's flagship gas-to-liquids (GTL) refinery at Mossel Bay could run out of natural gas within two years when offshore reserves dry up, a senior energy official said on Tuesday. The Mossel Bay GTL plant, one of the world's largest, is operated by State-owned national oil and gas company... 

No let up on calls for flow-through model to boost exploration

By: Martin Creamer     7th June 2018 The failure to raise risk capital for greenfields exploration in South Africa was highlighted at this week’s Junior Indaba, where there was no let up on calls for the adoption of a proven Canada-type flow-through share scheme, and ongoing criticism of the unintended consequences of South Africa’s... 

Trilogy reports maiden cobalt resource estimate for Alaska project

By: Anine Kilian     6th June 2018 Alaska-focused mineral explorer Trilogy Metals on Monday reported a maiden 77-million-pound cobalt resource for its Bornite project. The resource estimate used assay data from drill holes completed by the company between 2011 and 2013 and re-sampled historic holes drilled in the 1960s and 1970s. 

Nigeria's Bodo community claims win over Shell after latest UK court ruling

By: Reuters     24th May 2018 A British judge ruled on Thursday that Nigeria's Bodo community, which has been involved in a protracted legal battle with Shell over the clean-up of two 2008 oil spills, should retain the option of litigation for another year. Lawyers for Bodo had accused Shell of trying to kill off the legal... 

Shell's oil spill dispute with Nigeria's Bodo villagers back in UK court

By: Reuters     23rd May 2018 Lawyers for the Bodo community in Nigeria's oil-producing Niger Delta, which was devastated by two major oil spills a decade ago, went to court in London on Tuesday to fend off what they said was an attempt by Shell to kill off their litigation. The Bodo oil spills have been the subject of years... 

Avesoro to update New Liberty reserve estimate in Q3

By: Simone Liedtke     17th May 2018 Avesoro Resources will update the market with an increased resource and reserve estimate for its New Liberty mine, in Liberia,  in the third quarter. This follows the completion of a 19 500 m 55-hole infill drilling programme undertaken in the first quarter of the year. The programme was aimed at... 

At the heart of long haul

16th May 2018 Blurb: Shell Rimula believes that driver health and education lie at the fore in the prevention of road accidents for truck drivers As an advocate of driver wellness and health, Shell Rimula is committed to promoting road safety and education amongst both private and professional drivers. 

Norway postpones decision on carbon capture plant, drops Yara

By: Reuters     15th May 2018 Norway postponed a final decision on whether to go ahead with a project to develop Europe's first industrial carbon capture and offshore storage (CCS) project, after dropping one of its participants, Yara International . The government said on Tuesday that fertiliser maker Yara's site, one of... 

Some inroads made after ten years of the Industrial Policy Action Plan - Davies

By: Kim Cloete     15th May 2018 Ramping up production in the automotive sector, resuscitating the ailing tooling industry and boosting the clothing, textiles, leather and footwear industries are among successes the government has listed in its review of ten years of the Industrial Policy Action Plan (Ipap). Despite a... 

Equatorial Guinea may strip Ophir of LNG project due to finance delays

By: Reuters     14th May 2018 Equatorial Guinea will force Ophir Energy out of the company's flagship liquefied natural gas (LNG) project and may scrap it entirely unless long-delayed financing deals worth $1.2-billion are presented to the government by December. The ultimatum is a blow to UK-listed Ophir, which has set aside... 

Wheel of industrial safety has turned too far

By: Terry Mackenzie-hoy     11th May 2018 There is no hotter topic than safety matters on mines and industrial plants. It has become a religion. Like all religions, it causes some unintended problems. When I was young, I worked for a number of years on various mines and industrial plants. (I did this to get money to pay my university... 

Alligin and Vorlich satellite fields development, Europe

By: Sheila Barradas     11th May 2018 BP and Shell plan to tie-back Alligin, a two-well development, to BP's Glen Lyon floating, production, storage an offloading vessel. 

African fuel giant Vivo Energy attains secondary listing on JSE

By: Marleny Arnoldi     10th May 2018 Downstream petroleum company Vivo Energy on Thursday attained a secondary listing on the main board of the JSE.  

Careful process consideration, augmentation delays Elandsfontein phosphate mine

By: Marleny Arnoldi     9th May 2018 Investment company African Rainbow Capital on Wednesday announced delays to its 25%-owned Elandsfontein phosphate mine.  

Total South Africa seeks to grow lubricants, retail fuel businesses

By: Shirley le Guern     9th May 2018 Total South Africa is looking to grow both its lubricants and retail fuel business as well as restart the offshore oil exploration that it put on hold in 2014, CEO Pierre-Yves Sachet said after a visit to its bulk fuel and lubricant plants in Durban. He said that a R70-million investment in its... 

Shell sells out of Canadian Natural position for C$4.3bn

By: Henry Lazenby     8th May 2018 British–Dutch multinational oil and gas company Royal Dutch Shell has agreed to sell its entire stake in Calgary, Alberta-based company Canadian Natural Resources in a deal valued at about C$4.3-billion. Shell has reached agreement with underwriters Goldman Sachs & Co, RBC Capital Markets,... 

Petroleum product suppliers settle information sharing complaint

By: Marleny Arnoldi     4th May 2018 South African petroleum product suppliers have, under a settlement agreement with the Competition Tribunal, agreed to change how they share information.  

Vivo Energy, Vitol's Africa venture, floats with £2bn valuation

By: Reuters     4th May 2018 Vivo Energy launched on the London Stock Exchange on Friday with a valuation of nearly £2-billion ($2.7-billion), the largest London IPO of the year. The initial offer price for the just under 30 percent of the company floated was set at 165p a share and the shares advanced to 169.50p in... 

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