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Redefine completes M1 acquisition in Europe

By: Marleny Arnoldi     6th November 2020 JSE-listed real estate investment trust Redefine Properties’ European subsidiary has completed the acquisition of the M1 Marki Commercial Centre, near Warsaw, in Poland. As part of the transaction, Redefine will sell its 25% equity interest in Chariot Top Group – which is the sole shareholder of... 

Vivo Energy resumes dividend pay on improved trading

By: Reuters     30th October 2020 Africa-focussed fuel retailer Vivo Energy said on Friday volume improved in the third quarter from the second as COVID-19 restrictions eased and it would pay a previously withdrawn 2019 final dividend. UK-listed Vivo said it was cautiously optimistic for the rest of the year and into 2021, as no... 

Nigeria pays oil majors $3bn, moving closer to ending dues

By: Bloomberg     20th October 2020 Nigeria reimbursed oil companies including Exxon Mobil and Royal Dutch Shell $3-billion, moving closer to clearing operating expense arrears owed since 2010. The payment is being settled through a five-year crude oil sales deal agreed in 2016, Nigerian National Petroleum Corp (NNPC) said in a... 

Princess Elizabeth Drydock recommissioned after upgrades

By: Marleny Arnoldi     16th October 2020 The Transnet National Ports Authority (TNPA) has successfully recommissioned the Princess Elizabeth Drydock, at the Port of East London. This follows the completion of two priority capital projects valued at more than R60-million that will "usher in a new era of optimised growth for the historic... 

Rio Tinto may need to tap outsider for new chief 

By: Reuters     11th September 2020 Four years after mining giant Rio Tinto swept out its veteran managers to make way for a new generation of business heads, its leadership team has come unstuck. The world's biggest iron ore miner is looking for a new chief and iron ore boss after they allowed the blasting of ancient Aboriginal... 

South32 and Trilogy pick Newmont VP for Ambler job

By: Creamer Media Reporter      25th August 2020 Ramzi Fawaz has been appointed president and CEO of Ambler Metals, joint venture partners South32 and Trilogy Metals announced on Tuesday. Fawaz joins Ambler, which is exploring and developing the Upper Kobuk Mineral Projects in Alaska, from Newmont, where he was senior VP projects until October... 

Pepperl+Fuchs’ Rugged and Compact— BTC14 for Quad-Monitor Thin Client Applications

By: Creamer Media Reporter      24th August 2020 The control room is the hub for technical production, planning, and control processes. Using established thin client technology, current production statuses are transmitted to multiple monitors in real time so that all plant statuses can be monitored and operators can respond quickly. With... 

Mero 3 field development, Brazil

By: Sheila Barradas     21st August 2020 Libra Consortium is developing the Mero 3 field in the prolific presalt area of the Santos basin, in Brazil. 

MRI signs share purchase agreement for Langpan chrome, PGMs operation

By: Marleny Arnoldi     20th August 2020 AltX-listed Mine Restoration Investments (MRI) has signed a share purchase agreement with the shareholders of Langpan Mining Company. Under the terms of the agreement, the vendors of Langpan will dispose of their entire shareholding in Langpan for R550-million in shares.  

Union raises concerns at Gorgon

By: Esmarie Iannucci     23rd July 2020 The Australian Manufacturing Workers’ Union (AMWU) is calling for the shut-down of the Gorgon liquefied natural gas (LNG) project, in Western Australia, claiming reports of ‘massive cracks’ in pressurized propane kettles. The AMWU said in a statement that cracks of up to 1 m long and 30 mm deep... 

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