R/€ = 18.48 Change: -0.04
R/$ = 15.15 Change: 0.00
Au 1865.94 $/oz Change: 3.20
Pt 1108.60 $/oz Change: -1.29

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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... 

Contactless and precise determination of the volumetric flow in systems and piping

By: Creamer Media Reporter      22nd January 2021 GEMÜ, the manufacturer of valves, measurement and control systems, is bringing the new GEMÜ 3040 ultrasonic flowmeter the market which can be used to determine conductive and non-conductive volumetric flows of liquids in a contactless process. The GEMÜ 3040 ultrasonic flowmeter is distinguished... 

Hamburg plans green hydrogen plant with Shell, Mitsubishi, Vattenfall

By: Reuters     22nd January 2021 Hamburg is planning to generate green hydrogen, which is produced from renewable power, at a plant it will develop with energy firms Shell, Mitsubishi and Vattenfall, the city state said on Friday. Hamburg's municipal heating company has signed a letter of intent with the three companies to... 

Local sourcing vital in UK, considering expected 70% jump in EV sales

By: Marleny Arnoldi     22nd January 2021 Research agency Fitch Solutions foresees a good year for electric vehicle (EV) development and a key component thereof, lithium. It says critical raw material (CRM) developments in the UK, the US and the European Union (EU) bode well for those regions’ battery supply chains and reducing their... 

France is enthusiastic about hosting upcoming summits focused on Africa

By: Rebecca Campbell     22nd January 2021 The French Embassy in Pretoria has reported that France was looking forward, with much anticipation, to the Africa-France Summit and the International Financing Summit for Africa, which would both be held in the country during this year. The Africa-France Summit was scheduled to take place at... 

Spotlight on emerging markets a boon for South Africa's private equity to build another Rain or SweepSouth

By: News24Wire      22nd January 2021 Fund managers, who are backing startups, SMEs and other business ventures that banks don't ordinarily touch, are expecting a bumper year in 2021 after Covid-19 disrupted most of the fundraising initiatives last year. The private equity and venture capital industry, which in South Africa was given... 

Pan African says on track to meet full-year guidance

By: Tasneem Bulbulia     22nd January 2021 Precious metals miner Pan African Resources CEO Cobus Loots says the company delivered a “commendable operational and safety performance, amid the challenges of the ongoing Covid-19 pandemic” during the six months ended December 31. In an operational update for the six months, published on... 

Construction bodies unite into single alliance  

By: Irma Venter     21st January 2021 Twenty-nine of South Africa's professional, contractor, supplier and other bodies within the construction industry have united to form a single umbrella organisation, called the Construction Alliance South Africa (CASA). Industry stalwart John Matthews has been appointed as CASA chairperson. 

Xtract raises £5m for exploration, project development

By: Simone Liedtke     21st January 2021 Brownfield mine developer Xtract Resources’ broker, Novum Securities, has conditionally raised £5-million, before expenses, following the placement of over 111-million ordinary shares. The placing shares represent 17.9% of the current issued ordinary share capital of Xtract. 

Cruz Cobalt to start operations at Ontario cobalt projects

By: Simone Liedtke     21st January 2021 Cobalt-focused Cruz Cobalt intends to start operations at its cobalt projects in Ontario, Canada. Cruz is one of the largest landholders in the historic silver/cobalt producing region of Cobalt, Ontario, and the company's projects are in the direct vicinity of TSX-V-listed Fuse Cobalt and... 

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