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Reuters

Kenya says Nairobi–Mombasa refined products pipeline ready for use

11th July 2018 A refined products pipeline linking Kenya's capital Nairobi with the port city of Mombasa is complete and ready for use, state-run Kenya Pipeline Company (KPC) said on Wednesday. The 450 km pipeline will eliminate an estimated 700 oil tanker trucks per day that transport fuel by road between... 

Opec sees lower 2019 demand for its oil, points to surplus returning

11th July 2018 Opec on Wednesday forecast world demand for its crude will decline next year as growth in consumption slows and rivals pump more, pointing to a market surplus returning despite an Opec-led pact to restrain supplies. Giving its first 2019 forecasts in a monthly report, the Organization of the... 

Turkish court jails executives over 2014 coal mine disaster

11th July 2018 A Turkish court sentenced five mining executives to up to 22 years in jail on Wednesday for their role in the coal mine disaster in May 2014 that killed 301 people, the ruling showed. The deaths were caused by a fire that swept through the mine in the town of Soma, 480 km south of Istanbul. It... 

Libyan NOC announces reopening of key oil export terminals

11th July 2018 Libya's Tripoli-based National Oil Corp (NOC) said on Wednesday that four export terminals were being reopened after eastern factions handed over the ports, ending a standoff that had shut down most of the country's oil output. Production and export operations would be restored "within the next... 

Serbian copper miner attracts 11 possible buyers – report

11th July 2018 Serbia's RTB Bor copper miner and smelter has drawn interest from 11 companies and the tender could take place this week or next, Belgrade daily Politika reported on Wednesday. Serbia has tried and failed three times since 2007 to sell the debt-laden mining complex, which suffered a long period... 

Rio Tinto says minerals sands operation in South Africa shut by protests

11th July 2018 A mineral sands operation on the South African coast run by Rio Tinto has been closed since Friday due to violent community protests which saw a security guard killed earlier this week, the company and a union said on Wednesday. Community unrest is a common feature of South Africa's social... 

Mining offers private equity opportunities despite recovery - Denham

11th July 2018 Private equity still has significant opportunities to invest in mining as companies cut debt and rebuild their balance sheets even as the sector recovers, mining specialist Denham Capital said. Denham, which closed a new $550-million mining fund sooner than expected on Monday, has already... 

Foreign-backed miner drops lawsuit against Chile for control of lithium deposit

10th July 2018 Foreign-backed miner Salar Blanco, which is 50%-owned by Lithium Power International, has dropped its lawsuit against Chile to block state-run Codelco from exploiting a lithium deposit where both have claims, the Australian-listed smallcap announced. Lithium Power International said that... 

Brazil's Petrobras nears $1.3bn sales of African venture stake – paper

10th July 2018 Brazilian State-controlled oil company Petróleo Brasileiro SA is close to agreeing the sale of its stake in an African venture for around $1.3-billion, newspaper Valor Econômico said on Tuesday. Petrobras, as the company is known, owns 50% of Petrobras Oil & Gas BV, or Petrobras Africa. Grupo BTG... 

Israel plans to land unmanned spacecraft on moon in February

10th July 2018 An Israeli non-profit group plans to land an unmanned spacecraft on the moon in February in the first landing of its kind since 2013. The craft, which is shaped like a round table with four carbon fiber legs, is set to blast off in December from Florida's Cape Canaveral aboard a SpaceX Falcon 9... 

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