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Coal imports pour into energy-starved Europe from around the globe

By: Bloomberg     5th July 2022 A hunt by Europe’s coal consumers to replace Russian cargoes with shipments from across the globe has boosted imports to a key hub by more than a third, helping to fill severely depleted stockpiles. Coal poured into the Antwerp-Rotterdam-Amsterdam region -- a huge transport hub for energy and... 

TFR signs cross-border agreement with Railways of Mozambique 

By: Schalk Burger     1st July 2022 State-owned rail agency Transnet Freight Rail (TFR) has signed a cooperation agreement with Mozambique State agency Ports and Railways of Mozambique (CFM) to implement an immediate train run-through model that will result in the export of chrome and ferrochrome moving seamlessly from Belfast, in... 

Hudaco lifts interim profit despite global market challenges

By: Donna Slater     1st July 2022 Branded automotive, industrial and electrical consumable products group of companies Hudaco grew its turnover for the six months ended May 31 by 12% year-on-year to R3.8-billion. Turnover was also 19% higher than pre-Covid-19 levels.  

Absa PMI’s June decline masks demand, activity deterioration

By: Schalk Burger     1st July 2022 The seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined to 52.2 index points in June from 54.8 in May; however, the headline PMI masks a worrying deterioration in demand and activity during the month. The business activity index signalled a contraction in output for a third... 

Eastern Cape port investment should foster auto sector expansion – AIDC EC 

By: Irma Venter     1st July 2022 The Automotive Industry Development Centre Eastern Cape (AIDC EC) says it applauds Transnet National Port Authority’s (TNPA’s) announcement that it will inject R9.1-billion into its three Eastern Cape ports over the next seven years. AIDC EC CEO Thabo Shenxane says the centre, as well as other... 

Geraldton port maximisation project, Australia

By: Sheila Barradas     1st July 2022 The project is a response to a significant projected throughput increase from 15-million tonnes to about 25-million tonnes a year over the next ten years. 

Exxaro highlights strong European coal demand, while local rail challenges persist

By: Marleny Arnoldi     30th June 2022 Diversified mining and energy group Exxaro Resources says high-quality thermal coal remains significantly in demand as the Russia/Ukraine war persists. The company reported in a pre-close statement issued on June 30 that the first half of the year has seen worsened supply chain disruptions... 

G7 agrees to study Russian energy price caps

By: Reuters     28th June 2022 G7 leaders have agreed to study placing global price caps on imports of Russian energy to curb Moscow's ability to fund its invasion of Ukraine and to contribute up to $5-billion to address global food insecurity, officials said on Tuesday. The war in Ukraine and its dramatic economic fallout,... 

Unlocking the opportunities for electric vehicle manufacturing in South Africa

28th June 2022 Electric vehicles are the future of transportation, with many countries already putting a time limit on the future of fossil fuel driven cars. In South Africa, this is both a challenge and an enormous opportunity. The import duties on these vehicles are prohibitively high, which means there isn’t... 

Optimisation study slices half-a-billion dollars off Kola project’s capital cost  

By: Marleny Arnoldi     27th June 2022 Dual-listed Kore Potash has announced that the capital cost estimation for its Kola potash project, in Congo-Brazzaville, has decreased by $520-million to $1.8-billion, following the completion of an optimisation study on the project. Sepco Electric Power Construction Corporation undertook the... 

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