R/€ = 15.50 Change: -0.03
R/$ = 13.35 Change: -0.08
Au 1223.86 $/oz Change: -20.25
Pt 808.50 $/oz Change: -20.77


Africa's richest man signs $650m Afreximbank loan for oil refinery

By: Reuters     16th July 2018 Africa's richest man, Aliko Dangote, has signed a $650-million loan facility with the African Export-Import Bank (Afreximbank) for his oil refinery project in Nigeria. The seven-year term loan would attract a moratorium of five years, according to facility terms read out during the signing. 

Rand Refinery, South African Mint introduce 1 oz silver Krugerrand

By: Creamer Media Reporter      11th July 2018 Prestige Bullion, a joint venture between Rand Refinery and the South African Mint, will, from August 1, sell 1 oz silver bullion Krugerrands. The silver Krugerrand will be produced in unlimited mintage, dependent on market appetite and linked to the daily price of silver. 

Company extends offering

6th July 2018 Safety equipment manufacturer MSA Africa has extended its gas detection capabilities with the acquisition of gas detection technology manufacturer Senscient in the UK, and the launch of its new Ultima X5000 with Bluetooth communication. 

Cabinet’s failure to consider IRP threatens mid-August deadline

By: Terence Creamer     5th July 2018 South Africa’s Cabinet did not deliberate on the Integrated Resource Plan (IRP) at its most recent fortnightly meeting, potentially threatening Energy Minister Jeff Radebe’s self-imposed mid-August deadline for finalising the long-awaited update to the electricity generation plan. Communications... 

Emirates Global Aluminium signs bauxite supply contract with Vedanta

By: Marleny Arnoldi     4th July 2018 Industrial company Emirates Global Aluminium (EGA) has signed an agreement to supply metals miner Vedanta Limited with bauxite from its mining operation in Guinea from 2019.  

Advanced topping refinery, United Arab Emirates

By: Sheila Barradas     29th June 2018 SNC-Lavalin has signed an exclusive agreement with Florexx International Investments for the extended basic engineering and subsequent design and delivery of the refiner 

Trump trade war looms over Canadian town built to supply America

By: Bloomberg     28th June 2018 If ever a town embodied US-Canadian symbiosis, it’s Arvida, Quebec. Built by Americans, its giant smelter supplied most of the Allied forces’ aluminum in World War II and today makes metal used in Budweiser beer cans, Tesla and Ford cars and in AR15 rifles, part of the 2.5-million metric tons... 

Sunrise illuminates Clean TeQ value

By: Esmarie Swanepoel     25th June 2018 The Sunrise cobalt/nickel project, in New South Wales, is expected to deliver some $14-billion in revenue over its first 25-year mine life, ASX- and TSX-listed Clean TeQ reported. A definitive feasibility study (DFS) found that the project would generate an average annual earnings before... 

Sugar refinery spotless thanks to Delfin vacuum system from GCE

20th June 2018 Goscor Cleaning Equipment (GCE), in partnership with authorised dealer Maverick Industrial Cleaning Solutions, recently supplied and installed a state-of-the-art Delfin vacuum system at the Tongaat Hulett sugar refinery in Rossburgh, Durban. The plant refines and packs over 610 000 tons of sugar... 

Rusal starts shipping bauxite from Guinea's Dian-Dian mine

By: Reuters     19th June 2018 Sanctions-hit Russian aluminium producer Rusal said on Tuesday it had started shipping bauxite from its Dian-Dian bauxite project in Guinea to its alumina refineries in other countries. Rusal, the world's largest aluminium producer outside China, has been hit by US sanctions imposed on it and... 

New research could unlock Qld bauxite

By: Esmarie Swanepoel     15th June 2018 The Queensland government will provide A$180 000 over the next three years, to fund a research project to develop an innovative mining process that could unlock massive, previously untapped, bauxite deposits in North Queensland, within the next five years. The research is a collaborative project... 

Carbon-content waste disposal rethought

By: Paige Müller     15th June 2018 In light of the Department of Environmental Affairs’ (DEA’s) imminent ban on all forms of liquid waste to landfill set for August 2019 and the ban on hazardous waste to landfill with a calorific value greater than 25 MJ/kg since August 2017, waste management service provider Interwaste states... 

Rescue Rod

15th June 2018 Trenchless specialist Rescue Rod has been involved in providing pipeline services and waste management in various ways since 1990. The company has more than 25 years of experience in the industry and offers some of the most technologically advanced industrial sewer cleaning and pipeline... 

Fortune may defer Saskatchewan metals processing plant

By: Mariaan Webb     14th June 2018 Project developer Fortune Minerals may defer its planned metals processing plant near Saskatoon, Saskatchewan, and may opt to sell concentrates from the flagship Nico mine directly to third parties, the company said on Thursday. The London, Ontario-based company has approval for a $200-million... 

Germany's Heraeus to open $100m precious metals recycling plant in China

By: Reuters     14th June 2018 German technology group Heraeus will open a precious metals refinery and recycling plant in China in September to take advantage of the country's rising demand for platinum group metals. Heraeus has invested almost $100-million in the facility in Nanjing covering 84 000 square metres, which will... 

Apex Sector Doors Keep Traffic Moving At Refinery

14th June 2018 Two high-speed, roll-up Sector doors have been installed by Apex Strip Curtains & Doors at a Gauteng gold refinery, following a detailed assessment of application requirements by the expert Apex team. Operations manager at Apex Strip Curtains & Doors, James Candy, says the doors were installed... 

This youth month we celebrate a future leader from Durban South

13th June 2018 June is a special month for Engen. It is Youth Month, and it provides Engen opportunity to reflect upon its commitment to helping young gifted South Africans to explore new horizons. Trinisha Lutchmiah is one of many whose horizons have opened widely thanks to Engen. Trinisha grew up in Merebank,... 

Tharisa expands its presence in Zim with acquisition of Karo stake

By: Simone Liedtke     13th June 2018 JSE-listed Tharisa has acquired a 26.8% shareholding in Karo Mining Holdings for $4.5-million. Karo Mining, in March, reached an agreement with the Zimbabwe government to establish a platinum group metals (PGM) mine, concentrators, smelters, a base metal and precious metals refinery and power... 

Russian federal agencies give go-ahead for second Eurasia Mining project

By: Marleny Arnoldi     13th June 2018 Aim-listed platinum group metals (PGM) and gold miner Eurasia Mining has received approval from the Russian Federal Securities Board and the Ministry of Defence for its Monchetundra project, in the Kola Peninsula.  

Brazil court rejects Alunorte bid to overturn forced output cuts

By: Reuters     12th June 2018 A court in the Brazilian state of Para denied a bid by Norsk Hydro ASA to appeal the partial suspension of bauxite refining operations at its Alunorte unit in another blow to the world's largest alumina refinery. In February, the court in Para, where the Alunorte refinery is located, ordered the... 

PetroSA's GTL refinery could run out of natural gas in two years 

By: Reuters     12th June 2018 South Africa's flagship gas-to-liquids (GTL) refinery at Mossel Bay could run out of natural gas within two years when offshore reserves dry up, a senior energy official said on Tuesday. The Mossel Bay GTL plant, one of the world's largest, is operated by State-owned national oil and gas company... 

Policy posers 

By: Terence Creamer     8th June 2018 South African energy policymakers would be well advised to take note a few recent reports as they move to finalise the long-awaited update to the Integrated Resource Plan (IRP) for electricity, as well as the Integrated Energy Plan (IEP). The first of these is titled ‘Status of Power System... 

Engen assists 17 Durban Schools With JoJo Tanks

5th June 2018 When the Engen Refinery, based in Durban South spoke to community members and found out that there was a dire need for JoJo Tanks at schools in the area, they immediately went to work. Engen identified schools based in and around the Merebank, Wentworth and Austerville areas and contracted a... 

Liquid fuels in focus

By: Terence Creamer     1st June 2018 With so much attention having been paid, correctly, to electricity in South Africa over the past ten-and-a-bit years other energy subsectors, such a liquid fuels, have been left to evolve in relative anonymity. That’s not to say they haven’t faced serious policy and existential challenges. The... 

Petrochemicals complex, Saudi Arabia

By: Sheila Barradas     1st June 2018 Saudi Aramco and Total plan to build a giant petrochemicals complex in Jubail. 

Nalco firms up capex for current financial year

By: Ajoy K Das     31st May 2018 Indian government-owned aluminium producer National Aluminium Company Limited (Nalco) has set a capital expenditure (capex) target of $164-million for the 2018/19 financial year. According to an agreement signed with the Mines Ministry, the capex will be increasing on adding a... 

Polyus reports sharp decrease in Q1 profit

By: Mariaan Webb     30th May 2018 Russia’s largest gold miner, Polyus, on Wednesday reported a 51% drop in first-quarter profit, reflecting the impact of non-cash items. Profit fell to $244-million in the March 2018 quarter, down from $499-million in the same period of 2017, and also lower than the $267-million reported in the... 

Tongaat Hulett reports R1.9bn FY18 operating profit

By: Simone Liedtke     28th May 2018 Agriculture and agroprocessing business Tongaat Hulett’s operating profit for the year ended March 31 reached just over R1.9-billion, with the company’s sugar operations recording an operating profit of R837-million, despite being adversely affected by several factors. Among these, were imports... 

Colas South Africa

25th May 2018 Colas South Africa is a company focused on innovative road surfacing products and technology. A subsidiary of the Bouygues Group, the international Colas Group, headquartered in France, is a world leader in the construction and maintenance of transport infrastructure, operating in 50 countries... 

Jet engines help power cobalt to 10-year highs

By: Reuters     24th May 2018 The spotlight in the cobalt market has been fixed on electric vehicles but shrinking supply and robust demand from traditional sectors such as jet engine makers are helping fuel a price rally that shows no signs of fading. Cobalt in recent years has become synonymous with electric vehicles as it... 

Global copper surplus falls 12.8% to 110 000 t

By: Henry Lazenby     24th May 2018 The global refined copper balance for the first two months of this year indicates a surplus of about 110 000 t, a 12.8% drop year-on-year, the International Copper Study Group has found. The Lisbon, Portugal-based think tank said apparent refined demand increased 3.9% year-on-year to 3.77-million... 

Eurasia’s West Kytlim fully operational

By: Creamer Media Reporter      23rd May 2018 The West Kytlim alluvial platinum mine, in the Ural mountains of Russia, is fully operational and is producing an average of 1.8 kg a day of raw platinum, Aim-listed Eurasia Mining reported on Wednesday. In the first two weeks of production, the mine produced 11.8 kg at a suggested average grade... 

Gamsberg producing by mid-year – Vedanta

By: Martin Creamer     23rd May 2018 The Gamsberg zinc project in South Africa’s Northern Cape is on track with production expected by the middle of this year, the London-listed, India-rooted Vedanta Resources said on Wednesday, when it reported higher revenue and profits and lifted its dividend yield for the year to 6%. Current... 

Peak gets permission for Teesside plant

By: Esmarie Swanepoel     23rd May 2018 Rare earths developer Peak Resources has been granted planning permission for the Teesside refinery, in the UK by the Redcar and Cleveland Borough Council. The planning permission is the approval required for the construction of the planned rare earth separation plant, with the environmental... 

Oil pipeline plot thickens as British Columbia files Alberta suit over ‘tariff-like’ Act

By: Henry Lazenby     23rd May 2018 A significant disruption in the supply of gasoline, diesel and crude oil from Alberta to British Columbia would cause British Columbia “irreparable harm” and could “injure human health and safety in remote communities”, the provincial government argued in a statement of claim filed in Alberta's... 

Tianqi Lithium picks up minority SQM stake for $4.07bn

By: Henry Lazenby     17th May 2018 Lithium producer Tianqi Lithium has secured a 24% stake in Sociedad Quimica y Minera de Chile (SQM) from crop nutrient producer and distributor Nutrien, for $4.07-billion. Nutrien's sale of its SQM holdings was required by the Competition Commission of India and Ministry of Commerce in China... 

Kidman signs lithium supply deal with Tesla

By: Esmarie Swanepoel     17th May 2018 Lithium developer Kidman Resources has inked an offtake agreement with clean energy solutions provider Tesla to supply lithium hydroxide. The agreement is for an initial three-year term on a fixed price take-or-pay basis, with two three-year term options. 

Radebe sees energy contributing $25bn to South Africa’s $100bn investment target

By: Terence Creamer     16th May 2018 Energy Minister Jeff Radebe says one-quarter, or $25-billion, of South Africa's newly announced five-year investment target of $100-billion could be met through investments in new energy projects, including a possible new greenfield crude oil refinery and a gas pipeline linking South Africa to... 

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