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Sasol Lake Charles project remains shut after Hurricane Laura

By: Simone Liedtke     31st August 2020 Petrochemicals company Sasol says manufacturing facilities at its Lake Charles Chemicals Complex, in the US, remain shut down as a result of Hurricane Laura. The group last week activated its inclement weather protocols at the complex, in preparation for Hurricane Laura, which made landfall near... 

Reprieve for molybdenum prices from China's import surge

By: Reuters     18th August 2020 An upsurge in Chinese demand and imports of minor metal molybdenum have revitalised prices of the stainless steel ingredient, but a reversal is expected as local production ramps up after disruptions. Molybdenum oxide prices are up nearly 10% to around $7.8 a lb since July's... 

Sasol swings to R91.3bn annual loss on lower oil prices, writedown

By: Reuters     17th August 2020 South African petrochemicals group Sasol reported an annual loss on Monday, hit by a writedown of R111.6-billion and a drop in oil and chemical prices due to the coronavirus outbreak. The world's top producer of motor fuel from coal reported a loss of R91.3-billion for the full year ended June... 

Market disruption expected to continue after Covid-19

By: Darren Parker     14th August 2020 The world will most likely never revert to pre-2020 norms, says steel grating and related products supplier Vital Engineering director Glen Pringle. He tells Engineering News that he expects continued market disruption and the rethinking of various elements of the market, including supply chains. 

Stefanutti Stocks laments ‘adverse’ market conditions

By: Simone Liedtke     14th August 2020 JSE-listed construction and engineering group Stefanutti Stocks a loss a share 640.35c and a headline loss a share of 622.48c for the financial year ended February 29. While the group’s order book stands at R8.5-billion (R4.2-billion of which arises from work beyond South Africa’s borders), CEO... 

New blasting record set at Northern Cape mine

By: Simone Liedtke     13th August 2020 Blasting services company Enaex Africa has set a new record for the highest number of detonators fired in a single blast in South Africa, by blasting 3 618 units at United Manganese of Kalahari's Russik mine, in the Northern Cape. Enaex´s subsidiary in Africa is a joint venture with... 

Total oil, gas drill rig arrives in Cape Town

By: Marleny Arnoldi     12th August 2020 Mineral Resources and Energy Minister Gwede Mantashe has welcomed the arrival of the DeepSea Stavanger oil and gas drill rig, in Cape Town, which has been commissioned by petrochemicals company Total. Total and its partners will drill the Luiperd prospect in Block 11B/12B off the Mossel Bay... 

Schneider Electric shows they are acting to build a green and inclusive future for all through H1 extra-financial results

By: Creamer Media Reporter      31st July 2020 Schneider Electric exceeds their year-end target, taking their overall performance for avoiding primary resource consumption to just over 126,000 metric tons The Group reaffirms its commitment to achieve 2020 goals and looks ahead at the 2030 Sustainable Development Goals 

Sasol gives up licence to seek offshore gas in Mozambique

By: Reuters     5th July 2020 South African petrochemicals giant Sasol has opted to give up its licence to explore for gas off the Mozambique coast, the company said on Sunday. "Sasol will return Block 16/19 in its entirety to the Government of Mozambique. To this end, a withdrawal notification has already been sent to the... 

Sanedi appoints interim CEO

By: Marleny Arnoldi     2nd July 2020 South African National Energy and Development Institute (Sanedi) has announced the appointment of CFO Lethabo Manamela to interim CEO, effective May 1. This followed the departure of Dr Thembakazi Mali, who took up a senior position at petrochemicals company Sasol.  

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