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Brikor posts nets loss as bricks revenue rises but coal revenue falls

By: Schalk Burger     27th May 2022 JSE-listed bricks manufacturer and coal supplier Brikor, for the financial year ended February 28, reported the highest revenue in five years in its bricks segment, at R195.1-million. That represents a 34.6% year-on-year increase in revenue for the bricks segment. 

More arrests expected in corruption case against Gama and other ex-Transnet officials  

By: News24Wire      27th May 2022 Former Transnet CEO, Siyabonga Gama, who is among the five people accused of R93-million fraud and corruption in a case relating to the procurement of 1 064 locomotives by the State-owned freight rail company, was released on R50 000 bail following his arrest on Friday. Gama is facing charges... 

Seriti wholeheartedly backs continued use of coal in energy mix 

By: Marleny Arnoldi     27th May 2022 Recent developments in the global energy landscape have seen a rise in environmental, social and governance pressures on coal and calls for an “all or nothing” approach to the long-term future of coal, which coal miner Seriti Resources CEO Mike Teke said is leaving many stakeholders confused. As... 

Competition Commission recommends approval of ARM’s Bokoni acquisition

By: Donna Slater     27th May 2022 The Competition Commission has recommended that the Competition Tribunal approve the proposed acquisition of platinum group metals (PGMs) miner Bokoni Platinum by special purpose vehicle African Rainbow Minerals (ARM) Bokoni, subject to public interest conditions. The commission found that the... 

Power sector’s gas demand ‘insufficient’ to act as anchor in South Africa 

By: Terence Creamer     27th May 2022 There is insufficient demand for gas in the power sector to “anchor” demand for the fuel in the broader South African energy sector, as gas will have only a limited peaking support role in a system transitioning from coal to renewables, analysis by Meridian Economics shows. Presented by... 

Aus ready to meet Korean gas demand - Santos

By: Esmarie Iannucci     27th May 2022 Australia’s gas sector could benefit greatly from Korea’s decarbonising efforts, oil and gas major Santos said. Speaking at the Korean Government Energy Summit, Santos MD and CEO Kevin Gallagher noted that Korea’s proposed measures to cut particle emissions by restricting around one-quarter of... 

Yancoal facing $1.8bn takeover from shareholder

By: Esmarie Iannucci     27th May 2022 ASX-listed Yancoal has gone into a trading halt after its major shareholder Yankuang Energy Group Company announced plans to acquire the remaining 37.7% of the company to the Hong Kong Stock Exchange. Yankuang Energy Group is considering offering Yancoal shareholders convertible bonds worth... 

Workable solutions to mitigate SA’s energy crisis

27th May 2022 South Africans have become accustomed to working and living with load-shedding over the past few years. Scheduled and unscheduled power outages have become a reality, with 1 130 hours of planned power cuts experienced in 2021 alone. Recently, the country was warned that the future of its... 

Bedevilled

By: Terence Creamer     27th May 2022 The gap between infrastructure ambition and implementation is now widening faster than the country’s power utility is able to shift its load-shedding stages from two to four. While the electricity generation shortfall of up to 6 000 MW is the most high-profile backlog not being closed, a report... 

Medupi power station project, South Africa – update

By: Sheila Barradas     27th May 2022 Eskom has reported that it has implemented repairs and fixes to generation units 1 to 3 at the Medupi power station. 

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