R/€ = 14.43 Change: -0.01
R/$ = 11.63 Change: 0.00
Au 1347.29 $/oz Change: -13.18
Pt 1005.00 $/oz Change: -6.11


Growing need to fuel power demand in Africa

By: Simone Liedtke     16th February 2018 Energy transformation in Africa is necessary to ensure that the 600-million people on the continent who do not have access to energy gain access, says regional event Africa Energy Indaba (AEI) MD Liz Hart, who adds that the growing population and need for African industrialisation will continue... 

Event to add value to African energy sector

By: Simone Liedtke     16th February 2018 To bolster the socioeconomic development of the African energy sector, Africa Energy Indaba (AEI) chairperson Brian Statham says thinking within the sector needs to be expanded. 

Innovation and blockchain tech high on agenda at energy event

     16th February 2018 Leading figures within the African energy scene will convene at the tenth Africa Energy Indaba (AEI), including at the World Energy Council's (WEC’s) annual Africa meeting, to discuss the importance of innovation and regional integration at a time when the energy sector is undergoing a major... 

Nuclear energy future imminent, despite delays in updated IRP

By: Simone Liedtke     16th February 2018 South Africa-based engineering, procurement and construction (EPC) company Lesedi Nuclear Services (Lesedi) business development executive Shane Pereira believes that there is a future for nuclear power globally, although it is being hindered locally by the delay in passing the updated Integrated... 

Russians, Saudis may go beyond oil alliance with LNG project

By: Bloomberg     15th February 2018 Russia and Saudi Arabia are seeking ways to amplify the success they’ve had working together to manage the oil market by reaching new energy deals, including one on liquefied natural gas. Signing a memorandum, Russian gas producer Novatek and Saudi oil giant Aramco agreed to consider teaming up... 

Koeberg launches mobile desalination plant to counter water shortages

By: Kim Cloete     14th February 2018 In the wake of the severe water shortages in and around Cape Town, Eskom’s Koeberg nuclear power station has launched a mobile groundwater desalination plant which will take care of the station’s water needs. The temporary groundwater desalination plant has a 920 kilolitre-a-day capacity. The... 

Shutdown of radioisotope subsidiary is a crisis for nuclear corporation and for the country

By: Rebecca Campbell     14th February 2018 The safety compliance failures at NTP Radioisotopes, a wholly-owned subsidiary of the State-owned South African Nuclear Energy Corporation (Necsa), has created a crisis within the parastatal and for the country’s nuclear medicine community and its patients. Necsa shut down operations at NTP in... 

Wind energy installations continue to grow – WWEA

By: Megan van Wyngaardt     12th February 2018 The overall capacity of all wind turbines installed worldwide by the end of 2017 reached 539 291 MW, preliminary statistics published by World Wind Energy Association (WWEA) has shown. A WWEA report, released on Monday, further showed that 52 552 MW of wind energy capacity were added last year,... 

Cameco's 2017 headline earnings dive 59%; contracting to remain 'discretionary' in 2018

By: Henry Lazenby     9th February 2018 Long-term contracting, which is usually borne out of the requirement for power utilities to secure long-term uranium supplies, is not expected to see an uptick in 2018, as the market remains awash with too much uranium, Canada's Cameco said on Friday. In 2017, excess uranium supply continued to... 

Industry, environment lobby cautiously optimistic as Canada tables new enviro review rules

By: Henry Lazenby     9th February 2018 Ottawa on Thursday tabled new legislation to improve the federal environmental assessment process for mining projects. The legislation is aimed at strengthening and restoring the credibility of Canada's environmental laws. 

VR technology incorporated into working-at-height training programme 

     8th February 2018 Arcelor Mittal South Africa has already seen a return on investment on its newly commissioned Working at Heights virtual reality training programme, used to determine trainees’ fear of heights and to test their functioning at height. Nadine James has more. 

Two Weeks To Go Before The Tenth Africa Energy Indaba With Exciting Side Events

     8th February 2018 Energy is a prerequisite for sustainable economic growth in Africa and has been at the forefront of discussions on Africa reaching and maximising its growth potential. Without reliable and continuous access to energy, Africa’s most vulnerable remain disempowered and disenfranchised. Africa’s... 

Bears Ears' mining rush falls flat as no one bothers to show up

By: Bloomberg     8th February 2018 Early on Friday morning, vast swathes of the red-rock high plateau that surrounds federally protected buttes in southern Utah were officially thrown open to miners. A controversial decision weeks earlier by President Donald Trump had shrunk the size of two national monuments – known as Bears Ears... 

South African nuclear group under financial stress, but optimistic about recovery

By: Rebecca Campbell     8th February 2018 The South African Nuclear Energy Corporation (Necsa) is currently facing financial pressures, the State-owned group’s Chief Executive, Phumzile Tshelane, has confirmed to Engineering News Online. “At the moment, Necsa is under financial stress, because [subsidiary] Pelchem is loss-making and we... 

Paladin on track to relist on the ASX

By: Anine Kilian     7th February 2018 Uranium miner Paladin Energy on Wednesday said it had not received an appraisal notice from China National Nuclear Corporation (CNNC) Overseas Uranium Holdings (COUH), regarding the purchase of Paladin’s share in Langer Heinrich Mauritius (LHMHL), the holding company of the Langer Heinrich mine,... 

African expo and conference expanding

By: Jessica Oosthuizen     2nd February 2018 To cater for a growing interest in power generation and water, this year’s African Utility Week (AUW) will occupy the entire Cape Town International Convention Centre (CTICC) as well as the new building, CTICC 2. The new 31 148 m2 building consists of 10 000 m2 conference and exhibition space... 

A modern land run? Trump move opens Utah to mining claims under 1872 law

By: Reuters     31st January 2018 US President Donald Trump’s decision to withdraw federal protections from millions of acres of Utah wilderness will reopen much of the iconic terrain to gold, silver, copper, and uranium land claims under a Wild West-era mining law, according to federal officials. Starting at 6 am on February 2... 

Eskom cannot commit to nuclear expansion – acting CFO 

By: Reuters     30th January 2018 South Africa's power utility Eskom cannot afford a nuclear power station expansion, acting Eskom chief financial officer Calib Cassim said on Tuesday during the release of its financial results. South Africa's government has said it will push ahead with its nuclear expansion plan but will now do... 

South Africa could dive into greater policy uncertainty as budget speech looms

By: Megan van Wyngaardt     30th January 2018 The North-West University’s School of Business and Governance’s Policy Uncertainty Index for the fourth quarter of 2017 rose to 55.4, up from the 53.6 it recorded in the previous quarter. Speaking at a media briefing in Johannesburg, Professor Raymond Parsons noted that this decline into negative... 

DFS demonstrates 'robustness' of WA uranium project - Vimy

By: Megan van Wyngaardt     30th January 2018 A definitive feasibility study (DFS) at ASX-listed Vimy Resources' Mulga Rock project (MRP), in Western Australia, has confirmed robust financials and a simple, low-cost mining process. "The DFS reinforces the status of the MRP as Australia's largest and most advanced uranium project based on a... 

‘Any nuclear new build a poor choice for South Africa’, not just a Russian build

By: Terence Creamer     26th January 2018 Not just Russian but any nuclear new build is a poor choice for South Africa, Rocky Mountain Institute chief scientist Amory Lovins and University of Cape Town (UCT) emeritus professor Anton Eberhard argue in a newly release occasional paper published by the UCT Graduate School of Business.... 

Rosatom competition winners tour nuclear facility

By: Nadine James     26th January 2018 Russian nuclear corporation Rosatom’s African subsidiary Rosatom Africa sponsored an all expenses paid trip to Russia for winners of the yearly student competition, held for the third time last year. The students visited the Novovoronezh nuclear power plant (NPP), as well as its training... 

'We have excess power and no money' – Ramaphosa on nuclear plan

By: African News Agency      25th January 2018 South Africa's Deputy President Cyril Ramaphosa on Thursday reiterated that a proposed nuclear build programme will only be considered in the broad context of affordability, but warned "we have excess power and we have no money". Ramaphosa, who was asked at a press conference at the World... 

Sub-Saharan Africa set to reap the benefits of hybrid power

     25th January 2018 Hybrid power solutions, which combine renewable energy with fossil fuel and battery storage, are estimated to grow from a few installations to several thousand Megawatts in sub-Saharan Africa, between now and 2025. Renewable energy is now cheaper than gas and nuclear, and in several locations... 

Necsa marks South African nuclear industry milestone 

By: Rebecca Campbell     24th January 2018 The South African Nuclear Energy Corporation (Necsa) marked an important milestone on Wednesday when it formally handed over the first locally-designed and manufactured safety-critical nuclear component, fully certified, to national power utility Eskom for use in the Koeberg nuclear power plant,... 

Argentina, Russia ink uranium exploration, production deal

By: Reuters     23rd January 2018 Argentina and Russia signed a memorandum of understanding to boost uranium exploration and production in the South American country that could include $250-million in investment, Argentina's foreign ministry said on Tuesday. The agreement was sealed during a visit by Argentine President Mauricio... 

New French firm Orano, formerly called Areva, says uranium price too low to invest in mines

By: Reuters     23rd January 2018 Philippe Knoche, chief executive officer of French uranium and nuclear fuel group Orano - formerly called Areva - said current market prices for uranium are too low to invest in new uranium mines. He added that long-term contract prices for uranium are about $10/lb higher than spot prices. 

Magufuli bans registration of foreign ships in Tanzania, orders probe

By: Reuters     22nd January 2018 Tanzanian President John Magufuli on Friday put a temporary ban on the registration of foreign ships in the country and ordered over 400 vessels to be investigated for allegations of involvement in criminal activity. The ban came after at least five foreign-owned ships flying Tanzania's flag were... 

'There has never been a bigger disconnect between price and value' – VRIC 2018

By: Henry Lazenby     22nd January 2018 "The disconnect between price and value is as stunning as I've ever seen," founder of The Stock Catalyst Report Michael Alkin told attendees at the Vancouver Resource Investment Conference (VRIC) on Sunday. Industry participants seemed to agree. 

Senator, uranium producers urge US govt to investigate reliance on Russian imports

By: Henry Lazenby     20th January 2018 US Republican senator for Wyoming John Barrasso has called on the Commerce Department to launch an investigation into the effects of uranium imports on US national security. "For years, government-owned uranium producers in Russia, Kazakhstan and Uzbekistan have unfairly flooded American markets... 

German fascination with SA wind power

By: Terry Mackenzie-hoy     19th January 2018 Germans seem to be very interested in wind power generation in South Africa. Don't know why. First we had German-born Dr Tobias Bischof-Niemz running the Energy Centre at the Council for Scientific and Industrial Research (CSIR). In this position, he proposed a power generation model that was... 

UK announces further funding for small modular nuclear reactor programme

By: Keith Campbell     19th January 2018 The British government last month announced the next phase in its programme of funding the development of small modular nuclear reactors (SMRs), which forms part of a larger programme to develop the nuclear technology and energy sector in the UK. This phase will see Westminster awarding up to... 

Akademik Lomonosov floating nuclear heat and power plant project, Russia

By: Sheila Barradas     19th January 2018 The operation of the Akademik Lomonosov was approved in December 2017. 

Evonik, Siemens aim to harness Germany's green power overload

By: Reuters     18th January 2018 Germany's Evonik and Siemens are teaming up to convert excess renewable power into chemical building blocks that would normally require oil, the latest attempt to deal with erratic flows of wind and solar power in the country. Engineering giant Siemens will work to electrolyse carbon dioxide and... 

Toshiba reaches deal to help resolve Westinghouse bankruptcy, rebuild finances

By: Reuters     18th January 2018 Toshiba Corp said on Thursday it had clinched an agreement to sell its claims in bankrupt US nuclear plant maker Westinghouse Electric Co in a deal that would add $3.7-billion to the Japanese owner's depleted capital base. The Japanese conglomerate has also agreed to transfer its... 

Denmark will increase defence spending to counter Russia - PM

By: Reuters     17th January 2018 The Danish government expects to win backing for a substantial increase in defence spending next month, to counter Russia’s intensified military activity in eastern and northern Europe, the NATO-member’s prime minister said Monday. Denmark last week deployed 200 troops to a UK-led NATO mission in... 

Flamanville 3 European pressurised reactor project, France

By: Sheila Barradas     12th January 2018 The cold functional test phase for the pressurised reactor was completed on January 6. 

Gold's bulls and bears have plenty to chew over in New Year

By: Bloomberg     29th December 2017 It is not just politics that’s polarised right now. Gold investors are also split down the middle. A Bloomberg survey of 38 market professionals shows a $700 divide between the most optimistic and most pessimistic forecasts for prices next year. That leaves the median estimate of $1 290/oz at... 

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