R/€ = 18.45 Change: -0.02
R/$ = 15.15 Change: 0.00
Au 1861.73 $/oz Change: -1.01
Pt 1113.42 $/oz Change: 3.53


Dry-type transformers ensure safety at LNG camp

By: Creamer Media Reporter      15th January 2021 Dry-type transformers supplied by specialist company Trafo Power Solutions are ensuring the safe and reliable operation of substations in a construction camp at a large liquified natural gas (LNG) project in northern Mozambique. According to David Claassen, managing director of Trafo Power... 

The UAE warns US shale companies against pumping more oil

By: Bloomberg     13th January 2021 Any attempt by US shale and other oil producers to boost output this year will backfire and lead to lower prices, according to the energy minister of the United Arab Emirates. Oil prices have surged in the past two months with the development of coronavirus vaccines. They jumped again last week... 

Blast at Chinese recycler shows battery supply chain risks

By: Bloomberg     8th January 2021 China’s biggest battery manufacturer has urged units to focus on safety issues after an explosion at a recycling affiliate, which has drawn attention to the risks in the industry’s supply chain. While the cause of the blast at a Hunan Brunp Recycling Technology Co. factory in Hunan province is... 

Steel supply squeeze continues for downstream firms 

By: Terence Creamer     7th January 2021 South Africa’s downstream fabricators and manufacturers are continuing to experience difficulties in securing steel and are also confronting rising prices, which could be partly attributed to the throttling of supply over the past few months. The Department of Trade, Industry and Competition... 

Fire breaks out at Vale mine amid protests in New Caledonia

By: Reuters     15th December 2020 A fire broke out at nickel mining facilities owned by Brazil’s Vale in New Caledonia during local protests, the company said on Monday, as a simmering political dispute on the Pacific Island shows no signs of abating. Vale said its processing plant, located 7 km away, was secure and being... 

Govt, IPPs a step closer to lowering electricity tariffs

By: News24Wire      14th December 2020 The Department of Mineral Resources and Energy has managed to complete its first refinancing agreement with an independent power producer (IPP), which is part of an initiative to lower electricity tariffs. The department issued a statement on Monday in which it announced that it had concluded a... 

One injured, six treated for smoke inhalation after Engen refinery explosion

By: Marleny Arnoldi     4th December 2020 One person has been injured and taken to hospital, while six have been treated for smoke inhalation, following Friday morning's explosion at an oil refinery in Wentworth, Durban. Engen spokesperson Gavin Smith told Engineering News that the fire on site had been extinguished during the morning.  

India court rejects temporary restart of Vedanta copper smelter

By: Bloomberg     2nd December 2020 India’s top court has rejected Vedanta’s petition to restart for three months its shuttered copper smelter. The Supreme Court will review the plea to resume operations at the facility in the southern Tamil Nadu state in detail next year and decide if plant can be allowed to restart or shut... 

Zimborders Consortium secures financing for Beitbridge expansion

By: Tasneem Bulbulia     27th November 2020 The Zimborders Consortium says it has reached financial close for the $296-million upgrade and modernisation of Zimbabwe’s Beitbridge border post, the country's busiest inland port of entry and one of the region’s key transit points. The public-private partnership with the Zimbabwean government... 

UN leveraging new technology for peacekeeping missions

By: Tasneem Bulbulia     23rd November 2020 The UN is introducing new technologies to assist in its peacekeeping operations, says UN Support Office in Somalia supply chain management service chief Herbert Pechek. Some of the elements of the UN’s programme are arms control, cease fire monitoring, elections, enforcement and combat, public... 

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