R/€ = 16.82 Change: 0.00
R/$ = 14.32 Change: 0.00
Au 1199.53 $/oz Change: -8.69
Pt 829.00 $/oz Change: -7.99


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... 

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... 

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.  

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... 

Angola opens up fuel imports with first major tender – sources

By: Reuters     24th January 2018 Angolan state oil firm Sonangol has issued its first public tender to buy refined products to widen its import base, market sources who have seen the tender said, in a sign the country is committed to reforming its oil industry. For years OPEC member Angola has largely relied on commodities... 

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... 

Exxaro concludes Inyanda sale to Burgh, Lurco

By: Megan van Wyngaardt     4th October 2016 The Competition Commission has approved the acquisition of the Inyanda colliery by a consortium comprising Burgh Group and Lurco Group from Exxaro. Burgh and Lurco will continue to use the Inyanda plant, situated in the eMalahleni district in Mpumalanga, for coal beneficiation and foresees the... 

Burgh Group, Vitol to acquire Tegeta’s stake in RBCT

By: Megan van Wyngaardt     16th September 2016 A consortium comprising investment company Burgh Group and energy group Vitol has agreed to acquire Optimum Coal Terminal (OCT) from Gupta-owned Tegeta for an undisclosed sum. OCT has a 7.61% shareholding in the Richards Bay Coal Terminal (RBCT).  

London Mining reaches record Q1 production

By: Idéle Esterhuizen     9th May 2013 Aim-listed London Mining achieved record production and sales volumes at its 100%-owned Marapa mine, in Sierra Leone, during the first quarter of its 2013 financial year, CEO Graeme Hossie reported on Thursday. Production at the operation during the quarter was 706 000 wet metric tons (wmt) of... 

Grindrod headline earnings up 22% in ‘healthy’ 2012 

By: Natalie Greve     27th February 2013 JSE-listed bulk handling and shipping group Grindrod boasted good growth in the majority of its business divisions for the year ended December 31, 2012, with attributable income up 61% to R853.3-million and headline earnings climbing 22% to 121.9c a share. During what CEO Alan Olivier described... 

Grindrod to sell 50% stake in marine fuel supplier

By: Irma Venter     13th April 2012 JSE-listed logistics and shipping group, Grindrod, has agreed to sell a 50% interest in Cockett Marine Oil (Cockett) to Vitol, the world’s largest independent energy trading business. 

London Mining now fully funded to expand Marampa – CEO

By: Henry Lazenby     29th March 2012 Aim-listed London is now fully funded to boost capacity at its Marampa iron-ore mine to five-million tons a year, CEO Graeme Hossie reported on Thursday. This comes as the miner signed a $45-million offtake-related prepayment loan agreement with global energy trading company Vitol. 

Beacon Hill says first coking coal shipment planned for mid-year

By: Mariaan Webb     28th March 2012 Aim-listed Beacon Hill expects to ship its first coking coal from the Minas Moatize mine, in Mozambique, by the middle of the year, chairperson Justin Lewis reported on Tuesday. The company started mining coking coal at the Upper Chipanga Pit this week and said it would seek to export some 100... 

CIC Energy sells C$10m stake to Vitol

By: Matthew Hill     27th March 2012 Shares in CIC Energy, hoping to build a coal mine and power station in Botswana, rose on Tuesday after the company agreed to sell a 9.1% stake to Geneva-based energy trader Vitol for C$10-million, or C$1.90 a share, representing a 79% premium to the company's closing price on the TSX the previous... 


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