R/€ = 14.60 Change: 0.00
R/$ = 11.82 Change: 0.01
Au 1331.41 $/oz Change: 14.48
Pt 958.50 $/oz Change: 12.34


WTO chief urges States to stop first dominoes of trade war

By: Reuters     6th March 2018 The head of the World Trade Organization (WTO) told member states on Monday they must prevent "the fall of the first dominoes" in a trade war and warned of a real risk of triggering an escalation of global trade barriers and a deep recession. World trade policy is in turmoil because of US... 

Hydro bids for Rio Tinto's Icelandic aluminium plant

By: Simone Liedtke     26th February 2018 Norwegian aluminium company Norsk Hydro has made a binding offer to acquire diversified miner Rio Tinto's ISAL aluminium plant, in Iceland. The offer also includes Rio Tinto's 53% share in Dutch anode facility Aluchemie and 50% of its shares in Swedish aluminium fluoride plant Alufluor, for... 

South Africa retains dubious corruption rating

By: News24Wire      22nd February 2018 Corruption Watch has expressed concern over South Africa dropping down the rankings of the latest Corruption Perceptions Index (CPI) released by Transparency International. Corruption Watch's Phemelo Khaas said South Africa's score dropped from 45 in 2017 to 43 this year, and although it seems "a... 

Transnet signals it’s on track to free up coal export routes

By: Kim Cloete     2nd February 2018 Transnet is moving ahead with projects to boost the volume of coal carried from the coalfields to the port of Richards Bay and Maputo, says GM of Capital Planning Brian Monakali. He told delegates attending the IHS Markit South African Coal Export Conference, in Cape Town, this week, that some of... 

Embraer proclaims E190-E2 the world’s most ecofriendly narrow-body jet

By: Rebecca Campbell     2nd February 2018 Brazilian aerospace group Embraer, the world’s biggest manufacturer of commercial jets with up to 150 seats, has announced that flight tests have confirmed that its new E190-E2 airliner is the most efficient single-aisle airliner in the world. The E190-E2 is the first member of the group’s new... 

Beowulf maintains Kallak mine and reindeer herding can co-exist

By: Mariaan Webb     1st February 2018 The UK-based mineral exploration and development seeking to build a magnetite iron-ore mine on the ancestral lands of the indigenous Sami people in northern Sweden has been dealt a blow, after the County Administrative Board (CAB) for Norrbotten recommended against an exploitation licence for the... 

Unions fear Norway export drive will end era of cheapest power

By: Bloomberg     30th January 2018 Norway’s vast resources of Europe’s cheapest and greenest electricity has helped its energy-intensive industry gain an edge and produce everything from aluminium to chemicals and tankers. But now the nation’s powerful unions are objecting to plans by grid managers and utilities to get in on the... 

High-tech vessel leaves Durban for African coastal research

By: African News Agency      26th January 2018 A Norwegian research vessel deemed the most technologically advanced in the world set out from Durban on Friday to assist coastal African countries with data collection to promote sustainable marine and fishing environments. The Dr. Fridtjof Nansen, a state-of-the-art vessel equipped with three... 

Norway's $1tn fund curbs holdings in biggest carbon dioxide emitters

By: Reuters     19th January 2018 Norway's sovereign wealth fund has trimmed the proportion of its $1 trillion fortune that is invested in companies that emit the most greenhouse gas, a Reuters survey has shown. Environmental campaigners hope the move by the world's biggest State-owned investment fund signals the start of a trend... 

Northern Lights project, Norway

By: Sheila Barradas     19th January 2018 Gassnova is planning to build a carbon storage facility on the Norwegian continental shelf. 

Eskom challenges need to be addressed urgently, or South Africa will sink – Gigaba

By: Megan van Wyngaardt     18th January 2018 Finance Minister Malusi Gigaba on Thursday painted a grim picture of the financial challenges facing power utility Eskom, stating that the national fiscus would be unable to bail the State-owned enterprise (SOE) out in the event of a default. Speaking at a pre-World Economic Forum (WEF)... 

Tracking Europe's waste: 'There's gold in them landfills'

By: Reuters     18th January 2018 Some of Europe's richest deposits of valuable materials are in the trash, ranging from gold in smartphones to cobalt in electric car batteries, according to a survey of urban mining published on Wednesday. Scrap vehicles, batteries, computers, fridges and other electronic and electrical waste... 

Trelleborg Fenders Protect Johan Sverdrup Topsides

     17th January 2018 Trelleborg’s engineered products operation has won a contract to supply DD fenders to Samsung Heavy Industries’ shipyard in South Korea for the safe and efficient installation of topside modules bound for Statoil’s Johan Sverdrup oil field project, located in the North Sea. Trelleborg was asked... 

Coal dwarfs battery metals in mining deals despite war on pollution

By: Reuters     8th January 2018 Coal and iron-ore dominated mining takeovers in 2017, Thomson Reuters data shows, with buyers favoring the heavily polluting devil they know over the uncertainties of a battery-powered future. While the biggest deal was in Brazil, China was a top player despite planning to reduce domestic coal... 

South Africa ranks low on global knowledge index 

By: Megan van Wyngaardt     18th December 2017 South Africa has scored 42 points on The Knowledge Project’s first Global Knowledge 100-point Index, against a world average of 47. The index identifies knowledge as an integral part of human life, affecting its social, economic and cultural aspects, as well as an engine for comprehensive and... 

Germany favours Eurofighter as it seeks to replace Tornado

By: Reuters     12th December 2017 The German Defence Ministry said on Monday that the European fighter jet was the leading candidate to replace its Tornado jets, which it wants to start phasing out in 2025. The ministry’s position appears to contradict that of the German air force, whose chief indicated last month that he... 

Ocean science key to supporting sustainable ocean health

By: Anine Kilian     6th December 2017 Studying and understanding ocean science is key to achieving the Sustainable Development Goals (SDGs) set out by the United Nations (UN) and to sustain the health of the world’s oceans, according to Department of Environmental Affairs oceans research director Ashley Johnson, who unpacked the key... 

South Africa, Norway announce new oceans research programme

By: Anine Kilian     6th December 2017 The Norwegian Embassy in South Africa, together with the Department of Science and Technology (DST), has signed a declaration of intent to develop a new bilateral research programme focused on the oceans economy. The intent for the development of the programme, called the South Africa-Norway... 

Tertiary raises cash for potential acquisitions

By: Mariaan Webb     6th December 2017 Aim-traded Tertiary Minerals has raised £500 000 in a share placement to fund potential acquisitions and for the ongoing development of its current fluorspar projects. Tertiary, which is advancing projects in Sweden, the US and Norway, has shortlisted projects for potential acquisition. The... 

Second Norway-South Africa Science Week to stimulate oceans science and economy 

By: Schalk Burger     1st December 2017 The second Norway-South Africa Science Week will provide a platform for scientists, researchers, civil servants and business people from both countries to share best practices and policies to promote the sustainable use of ocean resources. Norwegian ambassador to South Africa, Botswana,... 

Auto firms back deployment of high power EV charging network in Europe

By: Irma Venter     1st December 2017 BMW, Daimler, Ford and the Volkswagen group, which includes Audi and Porsche, have announced Ionity as a joint venture (JV) that will develop and implement a high-power charging (HPC) network for electric vehicles (EVs) across Europe. Ionity will launch 400 HPC stations by 2020. 

Tertiary gains access to prefinancing with Possehl agreement

By: Megan van Wyngaardt     29th November 2017 Aim-listed Tertiary Minerals has signed a memorandum of understanding with global commodities trading group Possehl Erzkontor to enter into a definitive purchase and sales agreement, the company said on Wednesday. Under the agreement, Tertiary would sell its fluorspar products to Possehl, while... 

Metals billionaire to win whether electric cars boom or bust

By: Bloomberg     22nd November 2017 There are two major reasons mining billionaire Vladimir Potanin is within a hair’s breadth of regaining his ranking as Russia’s richest tycoon this year. One is higher prices for nickel used in batteries as metals traders bet electric vehicles are the future of transportation. The other is a... 

Berkut says maiden Norway drilling programme on schedule

By: Creamer Media Reporter      22nd November 2017 ASX-listed Berkut Minerals is advancing its maiden diamond drill programme at its Skuterud cobalt project in Norway, with the final hole of a six-hole programme currently under way at the historic Middagshville prospect in the southern licence. This will be followed by a single hole at the... 

Legislation, infrastructure crucial for electromobility to thrive in South Africa

     17th November 2017 Tim Abbott contends that, with favourable legislation and the requisite infrastructure, South Africa's burgeoning electric-vehicle market will thrive There is no doubt that the long-term future of automotive mobility includes electric vehicles (EVs). In 2016, nearly 774 000 EVs and plug-in hybrid... 

Blue Crude plant, Norway

By: Sheila Barradas     17th November 2017 The project entails the construction of a plant that will produce the environment-friendly synthetic crude oil substitute Blue Crude. 

One of the world's biggest miners is about to go coal free

By: Bloomberg     10th November 2017 Just five years ago it would have been almost unthinkable that one of the world’s biggest mining companies would not dig any coal. It’s now likely to become a reality. Rio Tinto Group, the world’s second-largest miner, has been steadily backtracking from coal to focus on better assets. It’s now... 

Upcoming energy event to showcase African project opportunities  

By: Simone Liedtke     10th November 2017 A key focus point of the African Energy Indaba (AEI) – which celebrates its ten-year milestone next year – is to provide access to project opportunities across the African continent. 

Mining industry should review business models, CSR collaboration – DMR

By: Mia Breytenbach     7th November 2017 With the mining industry now recovering from the downturn in commodity prices, and a new balance emerging in the global demand and supply of minerals, now is the time to reflect, innovate and plan for a more resilient industry in the future, says Mineral Resources Deputy Minister Godfrey... 

Ford, BMW, Daimler and VW launch JV to enable long-distance electric vehicle travel

By: Irma Venter     3rd November 2017 BMW, Daimler, Ford and the Volkswagen group, which includes Audi and Porsche, have announced Ionity as a joint venture (JV) that will develop and implement a high-power charging (HPC) network for electric vehicles (EVs) across Europe. Ionity will launch 400 HPC stations by 2020. 

First synthetic Blue Crude plant to start operation in 2020

     27th October 2017 The mass production of the environment-friendly synthetic crude oil substitute Blue Crude will become a reality from 2020, says research and development company Sunfire.  

Norwegian continental shelf carbon capture storage project

By: Sheila Barradas     27th October 2017 Gassnova's carbon capture storage (CCS) project is part of Norway's efforts to develop full-scale CCS in the country. 

Oil prices still struggling but huge potential ahead for Africa

By: Kim Cloete     26th October 2017 Experts from UK-based Standard Chartered Bank expect the oil price will remain in the $45/bl to $60/bl-plus range. “We are in a lower for a longer cycle,” Standard Chartered Bank global head of energy and natural resources Peter Gaw told delegates at the Africa Oil Week, in Cape Town. 

New initiative to be launched at tenth Africa Energy Indaba

By: Simone Liedtke     24th October 2017 In the run-up to the tenth yearly Africa Energy Indaba (AEI) in February, the South African Electrotechnical Export Council (SAEEC) on Tuesday announced that it would launch its African Energy Consultants initiative at the event. The SAAEC, which is a partner of the AEI Trade Association that... 

Hydraulics scope for vessel project completed

     20th October 2017 In its biggest sea vessel project ever undertaken, hydraulic components and turnkey hydraulic systems supplier Hytec successfully designed, manufactured, installed and commissioned all hydraulics for three systems on board the most technologically advanced marine diamond sampling and exploration... 

Tertiary has eye on ‘near-revenue generating’ fluorspar project

By: Mariaan Webb     19th October 2017 Aim-traded Tertiary is in “advanced discussions” to acquire a new fluorspar project, which will add to its existing fluorspar assets in Sweden, Norway and the US. The company did not disclose where the project is located, but said that a technical due diligence was under way and that further... 

Building Energy celebrates start of production at Uganda solar PV plant

By: Anine Kilian     16th October 2017 Independent power producer Building Energy recently inaugurated the 10 MW Tororo solar plant – its first photovoltaic (PV) system in Uganda and one of the largest solar PV plants in Eastern Africa. Building Energy was responsible for the development of the project, arranging the financing, as... 

Trade deals, emissions laws set to challenge SA auto industry, warns Toyota Europe’s Van Zyl

By: Irma Venter     29th September 2017 In an effort to clean up ever-increasing pollution, the UK in July announced a proposal that sales of new diesel and petrol cars would come to an end by 2040. This announcement mirrors one made earlier by the French government, with a similar timeline and intent. This means two of South Africa’s... 

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