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Leasing, investment at Saldanha Bay IDZ are going well

By: Marleny Arnoldi     26th February 2021 The Department of Trade, Industry and Competition (DTIC) says the Saldanha Bay Industrial Development Zone (SBIDZ) has attracted more than R21-billion of private investment to date. These investments are at different stages of development; two of them, with private investment valued at... 

Paramount Maritime puts to sea new Sentinel vessel to deter oil pirates in West Africa

By: Donna Slater     12th February 2021 Industrial maritime company Paramount Maritime's subsidiary Nautic Africa has launched its new flagship 35 m Sentinel vessel, the second of the new enhanced class, and ultimately destined for a customer in the Gulf of Guinea where it will be used for international oil company related... 

Biden poised to freeze oil and coal leasing on federal land

By: Bloomberg     22nd January 2021 President Joe Biden is poised to suspend the sale of oil and gas leases on federal land, which accounts for about a tenth of US supplies, according to four people familiar with the matter. The moratorium, which would also freeze coal leasing, is set to be unveiled along with a raft of other... 

Want a fuel cell, you need platinum – analysts 

By: Martin Creamer     18th January 2021 If you want a fuel cell, you need platinum, is one of the multiplicity of points Bernstein investment company makes in a major work just released, which shows growing and ongoing demand for platinum group metals (PGMs) and provides ample reason why metals and mining matter more than ever. In the... 

Northern Dynasty to pursue Pebble appeal with vigour - CEO

By: Creamer Media Reporter      17th December 2020 Northern Dynasty, the Canadian company that owns the contentious Pebble project, in Alaska’s Bristol Bay, will in January submit its request for an appeal of the US Army Corps of Engineers’ (USACE’s) negative record of decision (RoD). The company said on Thursday it would argue that the USACE’s... 

Polluters make some net-zero progress, climate action 100+ says

By: Bloomberg     17th December 2020 Three years after some of the world’s biggest investors joined forces to pressure the largest producers of greenhouse gases to cut emissions, about half of them have made net-zero commitments. Climate Action 100+, an investor group with 545 members managing a combined $52 trillion of assets, said... 

Australian miners need to do more on emissions - report

By: Esmarie Iannucci     16th December 2020 Australia’s resources companies would need to do more in order to address downstream scope 3 emissions, despite making progress on moving their operations towards net zero by 2050, a new report has found. The report by Climateworks Australia and Monash University investigates the climate... 

WoodMac expects M&A uptick in 2021

By: Esmarie Iannucci     16th December 2020 Australia is expected to headline merger and acquisition (M&A) activities in the liquefied natural gas (LNG) sector in 2021, advisory firm Wood Mackenzie (WoodMac) has predicted. WoodMac Asia Pacific vice chairperson Gavin Thompson noted that M&A activity is expected to resume over the next 12... 

Northern Endeavour to be decomisisoned - Minister

By: Esmarie Iannucci     14th December 2020 Federal Resources Minister Keith Pitt on Monday announced that the government had taken the decision to decommission the Northern Endeavour floating production storage and offtake facility and associated oil fields to remove potential risks to the environment. Pitt said the government had... 

Fitch Solutions forecasts strong recovery in 2021

By: Simone Liedtke     11th December 2020 Financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions) forecasts a strong recovery in 2021, as economic activity is expected to pick up in a "broader and deeper fashion" than this year, both geographically and across... 

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