Dec 12, 2008
Daily podcast – December 12, 2008Back
Johannesburg|ArcelorMittal South Africa|PetroSA|Sappi|The South African Reserve Bank|WBHO|South Africa|CTL Plant|Consultancy Services|Corporate Communications|Day Crude Oil Refinery|Energy Supply Pool|Oil And Gas|Steel|Steel Producer|Sipho Mkhize|Sven Lunsche
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Friday, December 12, 2008.
From Creamer Media in Johannesburg, I'm Darren Parker.
Making headlines today:
On Thursday, PetroSA CEO Sipho Mkhize said that South Africa's national oil and gas company had placed its coal-to-liquids project on hold.
The project has been delayed to allow time to further investigate issues such as water availability, carbon sequestration and other infrastructure needs.
The 80 000 barrel a day CTL plant was expected to start contributing to South Africa's energy supply pool by about 2020.
However, PetroSA acting head of corporate communications, Thabo Mabaso, said that the project could possibly only be restarted "a number of years" down the line.
PetroSA's other refining project, a 400 000 barrel a day crude oil refinery, at Coega, was on track. It was finally awarded the contract for an engineering partner on Monday.
Spokesperson Sven Lünsche said the company employed about 2 500 contract workers. He said no permanent jobs had been terminated.
In November, ArcelorMittal South Africa cut its production by 30% to ensure that permanent job losses were avoided.
Construction companies Murray & Roberts and Aveng are taken off the JSE's Top 40 Index.
That's a round up of news making headlines today. Creamer Media would like to wish its podcast listeners a happy festive season and a prosperous 2009. We'll resume podcasts in the New Year.
Edited by: Shannon de Ryhove© Reuse this Comment Guidelines
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