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ROMPCO highlights its sustainability efforts on World Engineering Day
ROMPCO highlights its sustainability efforts on World Engineering Day
26th February 2024

A significant occasion to recognise the pivotal role of engineering in shaping our world is World Engineering Day on 4 March. This year’s theme is ‘Engineering Solutions for a Sustainable World’,... 


Europe, Africa oil markets tighten, lending support to futures
23rd February 2024 By: Reuters

Red Sea shipping delays and Opec+ supply cuts are tightening physical oil markets in Europe and Africa as well as the Brent crude market structure, lending further support to oil futures prices,... 


France’s $1.6bn uranium deal with Mongolia faces delays
23rd February 2024 By: Reuters

A $1.6-billion uranium mining deal between France and Mongolia that is part of French efforts to diversify supplies to power its fleet of nuclear reactors is running into political hurdles. A... 


BMW brings prototype hydrogen fleet to SA
BMW brings prototype hydrogen fleet to SA
20th February 2024

Vehicle manufacturer BMW South Africa has brought prototype hydrogen fuel cell electric vehicles to South Africa to showcase the future mobility technology to local stakeholders, test its domestic... 


US moves to restore stockpiling ‘panic button’ in EV metals fight with China
US moves to restore stockpiling ‘panic button’ in EV metals fight with China
20th February 2024 By: Bloomberg

Insiders liken it to a “panic button.” And for more than 80 years, the primary job of the National Defense Stockpile has been to keep the US military supplied with essential raw materials and... 


Platreef exploration
Consultancy laments R10bn/y deficit in exploration investment against govt target
19th February 2024 By: Marleny Arnoldi

Despite the South African government having set a target to attract 5% of global exploration spend within five years from 2019, the country attracted just 0.8% of global exploration spend in 2022... 


WearCheck’s technical manager, Steven Lumley
SLIDING THROUGH TIME: Lubrication from stone age to modern age
19th February 2024

In part one of Lubrication from Stone Age to Modern Age (WearCheck Technical Bulletin 88), we slid through 5,000 years of lubrication history and left off at the end of the age of enlightenment in... 


BHP is planning to shut down its Nickel West operations (pictured), attributing the decision to a significant decline in nickel prices.
Industry welcomes WA nickel royalty rebate as step in right direction
19th February 2024 By: Mariaan Webb

The announcement from the Western Australian government, to provide 50% royalty relief over 18 months, to nickel producers is welcome news to an industry under pressure, says the Association of... 


LATEST ITERATION
The 2024 iteration of the Africa Energy Indaba reflects a comprehensive strategy designed to address both immediate and future energy challenges
Event aims to catalyse change, progress in next decade
16th February 2024 By: Simone Liedtke

With a focus on long-term sustainable development and innovation, African energy sector-focused event Africa Energy Indaba (AEI) aims to catalyse change and progress over the next decade. The 2024... 


Unlocking mining excellence with trusted energy partner Astron Energy
Unlocking mining excellence with trusted energy partner Astron Energy
15th February 2024

In the vibrant world of mining, where operational efficiency and reliability are paramount, petroleum products supplier Astron Energy (AE) stands as a beacon of experience and commitment. With over... 


Woodside flags $1.2bn charge against asset bought under BHP merger
Woodside flags $1.2bn charge against asset bought under BHP merger
15th February 2024 By: Reuters

Woodside Energy, Australia's largest energy firm, flagged a non-cash post tax-asset impairment of around $1.2-billion from its Shenzi oil and gas field in its 2023 fiscal earnings, sending its... 


PetroSA appoints new acting CEO
13th February 2024 By: Marleny Arnoldi

The State-owned Petroleum Oil and Gas Corporation of South Africa (PetroSA) has appointed acting COO Sesakho Magadla as acting group CEO effective immediately. This follows former acting CEO... 


Opec Fund extends $30m loan to Uganda to upgrade rural road
9th February 2024 By: Schalk Burger

The Organisation of the Petroleum Exporting Countries (Opec) Fund for International Development is extending a $30-million loan to support the development of a key transportation link in Uganda.... 


Manufacturing production increased by 0.7% y/y in December
8th February 2024 By: Schalk Burger

Manufacturing production increased by 0.7% year-on-year in December, Statistics South Africa reports. The largest positive contributions were made by petroleum, chemical products, rubber and... 


Resources Watch
Resources Watch
8th February 2024

This week: Mining Indaba helps AMIS plan for year ahead; WiMSA has strong presence at Mining Indaba and, Astron Energy supports mining customers at Mining Indaba 


An image depicting IDC COO Joanne Bate
DMRE, IDC establish Junior Mining Exploration Fund
7th February 2024 By: Sabrina Jardim

The Department of Mineral Resources and Energy (DMRE) and the Industrial Development Corporation of South Africa (IDC) have signed a memorandum of agreement officially establishing the Junior... 


Mahlako Gas Energy invests in Tetra4 after it secures onshore petroleum licence
6th February 2024 By: Schalk Burger

Gas asset investment company Mahlako Gas Energy (MGE) has concluded its investment in Tetra4, which holds South Africa’s first onshore petroleum production licence. MGE, which now holds a 5.5%... 


petrol pumps
Petrol, diesel prices to go up by more than 70c/ℓ on Wednesday
6th February 2024 By: Darren Parker

Both 93 and 95 unleaded petrol (ULP) and lead replacement petrol (LRP) are going to cost an additional 75c/ℓ from February 7. The cost of diesel is also going to increase. For 0.05% sulphur diesel,... 


Bunker fuels terminal to be developed on a brownfield site at the Port of Richards Bay
Preferred bidder selected for bunker fuels terminal on brownfield Port of Richards Bay site
5th February 2024 By: Terence Creamer

Transnet National Ports Authority (TNPA) has appointed FFS Tank Terminal as the preferred bidder to develop and operate a liquid bulk terminal specialising in bunker fuels on a brownfield site at... 


Astron Energy supports mining customers at Mining Indaba
Astron Energy supports mining customers at Mining Indaba
5th February 2024

Southern African petroleum products supplier Astron Energy is an enabling partner in the mining industry and its presence at the Investing in African Mining Indaba is just one of the many ways the... 


Gas burners trending as end-users adopt cleaner energy practices
Gas burners trending as end-users adopt cleaner energy practices
2nd February 2024

Demand for gas-fuelled burners is increasing as South Africa’s production facilities continue to distance them-selves from traditional fossil fuels, such as coal, in line with lower global... 


Image of FPSO facility
Mero floating production storage and offloading project – Libra block, Brazil – update
2nd February 2024 By: Sheila Barradas

Production has started at the second development phase in the Mero field. 


Swiss ban Russian diamond imports, joining latest EU sanctions
1st February 2024 By: Reuters

Switzerland will ban the import of Russian diamonds in line with the latest round of European Union sanctions designed to punish Moscow for its invasion of Ukraine, the government said on... 


TPDC MD Mussa Makame and KS Energy Group CEO Steve Martin sign agreement
Financial closure for $90m small-scale LNG plant in Tanzania imminent
22nd January 2024 By: Darren Parker

Energy solutions company KS Energy is targeting financial closure this year for the first phase of a small-scale liquefied natural gas (LNG) supply chain in partnership with a Tanzanian gas... 


BHP unveils second cohort for Xplor accelerator
BHP unveils second cohort for Xplor accelerator
22nd January 2024 By: Creamer Media Reporter

Diversified mining group BHP has announced its second cohort of six companies, chosen from a pool of over 500 applicants, to join the BHP Xplor accelerator programme. The accelerator programme is... 


Mineral Resource and Energy Minister Gwede Mantashe
Govt probe finds fake diesel at 70 garages - even after Mantashe's warning
22nd January 2024 By: News24Wire

An investigation by the Department of Mineral Resource and Energy has uncovered that 70 petrol stations across the country are selling dodgy diesel to customers, a clear sign profiteers are cutting... 


Aton receives mining licence for Abu Marawat concession in Egypt
18th January 2024 By: Tasneem Bulbulia

An exploitation lease, or mining licence, for gold and associated minerals has been issued to TSX-V-listed Aton Resources for its 100%-owned Abu Marawat Concession, in the Eastern Desert of Egypt.... 


Plates of biochar and green pig iron
Engineering study demonstrates viability of Saudi green pig iron project – Magnum
17th January 2024 By: Chanel de Bruyn

ASX-listed Magnum Mining & Exploration has successfully completed an engineering study into the technical and economic viability of establishing a green, high-purity pig iron (GHPPI) project, in... 


The Suez canal
Egypt grapples with impact of Red Sea hits on Suez Canal revenue
17th January 2024 By: Bloomberg

Egypt pushed ahead with an increase in transit fees through the Suez Canal this week, as a need for foreign currency trumped a fall in maritime traffic due to Houthi attacks on shipping in the Red... 


Sapia chairperson Seelan Naidoo
Sapia appoints Seelan Naidoo as new chairperson
17th January 2024 By: Schalk Burger

Petroleum industry organisation the South Petroleum Industry Association (Sapia) has appointed Seelan Naidoo to succeed outgoing chairperson Hloniphizwe Mtolo as chairperson. Naidoo, who will serve... 


A Shell signpost
Shell to exit Nigeria's onshore oil after nearly a century
16th January 2024 By: Reuters

British energy major Shell has agreed to sell its Nigerian onshore oil and gas subsidiary in Nigeria to a consortium of five mostly local companies for up to $2.4-billion, after nearly a century of... 


Norway just raised the stakes over deep-sea mining
Norway just raised the stakes over deep-sea mining
15th January 2024 By: Bloomberg

The Norwegian Parliament last week greenlit seabed mining exploration in the country’s territorial waters, a decision that contravenes the advice of government scientists and is set to intensify... 


Image of petroleum refinery
Dangote petroleum refinery, Nigeria – update
12th January 2024 By: Sheila Barradas

The Dangote refinery has received its sixth shipment of barrels of crude oil supplied by the Nigeria National Petroleum Corporation. 


Getting the most from social and labour plans
Getting the most from social and labour plans
10th January 2024

South African mining companies are spending substantial sums on their Social and Labour Plans (SLPs). As a tool for improving the positive impacts of mining in South Africa, the SLPs developed and... 


A Transnet Pipelines employee attends to infrastructure at the utility's Multi Product Pipeline in Jameson Park
Transnet pipeline thieves sentenced to 10, 15 years imprisonment
19th December 2023 By: Donna Slater

The National Energy Regulator of South Africa (Nersa) reports that criminals tampering with Transnet pipelines with intentions to steal petrol and diesel, have been successfully prosecuted... 


EU adopts 12th package of sanctions against Russia
18th December 2023 By: Reuters

The European Union (EU) Council has adopted a twelfth package of sanctions against Russia, the European Commission said in a statement on Monday, after Austria gave its final approval over the... 


Egoli Gas increases conversion rebates for terminated clients
18th December 2023 By: Donna Slater

Johannesburg gas supplier Egoli Gas has increased conversion rebates applicable to clients in the Kensington and surrounding areas affected by its decision to permanently terminate its services to... 


The proposed South African National Petroleum Company is set to have a sole shareholder – The Department of Mineral Resources and Energy Minister Gwede Mantashe
DMRE extends public commentary for draft SANPC Bill
18th December 2023 By: Donna Slater

The Department of Mineral Resources and Energy (DMRE) has extended the timeframe for submissions of public comments on the draft South African National Petroleum Company (SANPC) Bill, published in... 


Shale gas production
US frackers are back to haunt Opec’s price strategy
17th December 2023 By: Bloomberg

Opec’s one-time nemesis — US shale — is rearing its head just months after the sector was all but written off as a threat to the cartel’s sway over worldwide oil markets. Drillers from the Permian... 


The Koffiefontein mine
Petra announces potential sale of Koffiefontein
13th December 2023 By: Chanel de Bruyn

London-listed Petra Diamonds has entered into a nonbinding term sheet on an exclusive basis with an undisclosed interested party for the potential sale of the Koffiefontein diamond mine, in South... 


COP28 president Dr Sultan Al Jaber
COP28 ends with deal on transition away from fossil fuels
13th December 2023 By: Bloomberg

The COP28 climate talks in Dubai ended in a deal that saw a commitment to transition away from all fossil fuels for the first time. The president of this year’s UN-sponsored summit, the UAE’s... 


Manufacturing output up 2.1% y/y in Oct
12th December 2023 By: Creamer Media Reporter

Manufacturing production increased by 2.1% year-on-year in October, Statistics South Africa has revealed. The largest positive contributions were made by the petroleum, chemical products, rubber... 


Sliding through time: Lubrication from stone age
12th December 2023

By Steven Lumley – technical manager, WearCheck Lubrication from Stone Age to Modern Age 


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