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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,... 

Global tender, auction houses express interest in participating in Angolan Diamond Bourse

By: Creamer Media Reporter      17th December 2020 State-owned Angolan National Diamond Trading Company (Sodiam) says it has received interest from five global tender and auction houses related to the development of these services in the soon to be established Angolan Diamond Bourse (ADB). Angola has about 14 active diamond mining sites and... 

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... 

Manufacturing output down 3.4% y/y, but 2.6% higher m/m

By: Marleny Arnoldi     10th December 2020 Manufacturing output decreased by 3.4% year-on-year in October, predominantly owing to exporting industries shaving a combined 3.4 percentage points from the headline figure. Statistics South Africa reports that the largest contractions for October were recorded in the petroleum, chemical... 

CTT secures chunk of debt funding, expects financial close by mid-2021

By: Marleny Arnoldi     10th December 2020 The Temane regional energy initiative says it is making significant progress on securing debt funding for the Central Termica de Temane (CTT) project, in Mozambique. CTT is expected to achieve financial close by the second quarter of next year and provide first power in the fourth quarter of... 

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