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PTM notified of Waterberg mining right appeal

By: Marleny Arnoldi     Updated 2 hours 20 minutes ago A group of four individual appellants intends to appeal a decision granting NYSE- and TSX-listed Platinum Group Metals (PTM) a mining right for the Waterberg joint venture project. The Department of Mineral Resources and Energy (DMRE) granted the mining right on February 3.  

Petredec expands South African operations through acquisition

By: Simone Liedtke     1st March 2021 Liquefied petroleum gas (LPG) trading and shipping company Petredec has completed the acquisition of Eastern Cape fuels distributor Quest Petroleum, which will now become part of the Petrefuel Business Division in South Africa. Quest will become part of the Petrefuel group of companies, along... 

Nersa approves Transnet petroleum tariff

By: Simone Liedtke     1st March 2021 The National Energy Regulator of South Africa (Nersa) has set the Petroleum Pipelines System tariff, which will allow State-owned rail entity Transnet to realise an 11.15% decrease in allowable revenue (AR) compared with the 2020/21 tariff period. However, owing to a forecasted reduction in the... 

Minerals exploration to remain in decline without sound guiding authority – Miller 

By: Donna Slater     15th February 2021 Despite the Department of Mineral Resources and Energy (DMRE) not publishing any data on mineral exploration, mining supply sales consultancy AmaranthCX director and owner Paul Miller says there is extensive financial data, some containing information about minerals exploration, that is buried... 

After pandemic, oil firms even less willing to cover $3.9bn cost of South Africa's clean fuel plan 

By: Reuters     22nd January 2021 After being hit by the pandemic, oil companies in South Africa are unlikely to upgrade refineries to cut sulphur emissions unless the government allows them to pass the costs on to consumers or offers other support, the South African Petroleum Industry Association (Sapia) says. New rules... 

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... 

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... 

South African fuel prices to rise across the board this week

By: African News Agency      4th January 2021 The retail price of fuel in South Africa will increase by up to 43 cents a litre from Wednesday, while the wholesale cost of diesel will rise by as much as 55 cents, the mineral resources and energy department said on Monday. In a statement, it said the retail price of illuminating paraffin,... 

Metals tycoon Agarwal eyes $10bn of India turnaround deals

By: Bloomberg     17th December 2020 Commodities tycoon Anil Agarwal is planning to invest $10-billion through a new partnership targeting government privatisations in India. The billionaire is teaming up with London-based Centricus Asset Management to seek investments in Indian companies offering substantial growth opportunities,... 

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