R/€ = 16.46 Change: -0.08
R/$ = 14.49 Change: -0.05
Au 1302.44 $/oz Change: -1.30
Pt 834.24 $/oz Change: 1.99


World Bank doubles pledge for climate adaptation, mitigation in Africa

By: Bloomberg     14th March 2019 The World Bank will more than double its commitment to climate adaptation and mitigation in Africa over the next five years to $22.5-billion. “This region is particularly vulnerable to increasing floods, droughts and destructive storms,” World Bank Group Interim President Kristalina Georgieva... 

Multibillion-dollar Zim PGMs project making progress 

By: Natasha Odendaal     8th March 2019 In the heart of the Great Dyke of Zimbabwe, within the world’s second-largest known platinum group metals (PGMs) deposits, exploration has started on the 23 903 ha mining area of the Karo platinum project. One year after Cyprus-based Karo Mining signed the $4.2-billion deal to develop the latest... 

African Utility Week returns to Cape Town in May with latest updates and success stories in power, energy and water

By: Creamer Media Reporter      27th February 2019 “The African Utility Week conference has a longstanding reputation of producing innovative, topical and high-level content, discussion and engagement” says event director Evan Schiff, adding: “the 19th edition of the event from 14-16 May in Cape Town this year will, once again, not disappoint.”... 

Enabling a Sustainable Future – Delivering on Africas Renewable Energy Agenda

By: Creamer Media Reporter      21st February 2019 African economies have in recent years experienced a surge in business activity, thanks in part to the emergence of an increasingly prosperous middle class. This consumer boom has not only strained retail supply chains but has placed overwhelming demands on national utilities.  The World Bank... 

Coal capped at 150 Mt/y – Glencore 

By: Martin Creamer     20th February 2019 Diversified mining and marketing company Glencore has capped its coal capacity at 150-million tonnes of coal a year, a figure that it is close to and which it will not exceed. The company has been working on the cap with its investors since 2016 in the interests of the transitioning to a low... 

Power pools could benefit Africa’s regions

By: Marleny Arnoldi     20th February 2019 Power pooling is an effective means of mitigating electricity supply risk over a large area served by numerous utilities, information technology services company EOH divisional manager Rob Surtees said during the second day of the Africa Energy Indaba. During a panel discussion on energy trading... 

AfDB optimistic about Eskom’s turnaround prospects

By: Terence Creamer     19th February 2019 The African Development Bank (AfDB), which has extended billions of rands in loans to Eskom, says it is optimistic the actions being taken to turnaround the embattled South African power utility will bear fruit. Power, energy, climate and green growth complex VP Amadou Hott told Engineering News... 

Tanzania hydropower dam to cost more than double government estimate – study

By: Reuters     15th February 2019 Tanzania's Stiegler's Gorge Dam, due to be built on a Unesco World Heritage site, will cost more than double the government's estimates, an independent study showed on Thursday. In December, Tanzania signed a deal with two Egyptian companies, El Sewedy Electric Co and Arab Contractors, to build... 

SA company receives multibillion-dollar contract

15th February 2019 Construction and engineering company Clough, a wholly owned subsidiary of South African engineering company Murray & Roberts - and part of the Clough Salini Impregilo Joint Venture (JV) - has been selected as the preferred tenderer for the multibillion Australian dollar civil works for the... 

South32 finalising preferred list of coal mine bidders 

By: Martin Creamer     14th February 2019 The complete preferred list of bidders for South32’s energy coal interests is still being finalised, South32 CEO Graham Kerr told Mining Weekly Online on Thursday, when he also provided three reasons why the company’s Australian manganese operations are doing better than its South African... 

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