Fortescue excluded from world’s biggest hydropower plant development

A company owned by Australian mining billionaire Andrew Forrest will no longer develop the world’s biggest hydropower project in Democratic Republic of Congo, according to President Felix Tshisekedi’s office, which has replaced the firm with a Nigerian oil producer. Natural Oilfield Services signed a preliminary deal with Congo on May 9 to build a smaller [...]

Vivo Energy to invest over R10bn in South Africa, Patel says

Vivo Energy, owned by global commodities trader Vitol, will invest an initial R10-billion in its South African operations following its merger with Engen, South Africa's trade minister Ebrahim Patel said on Wednesday. The investment is part of a range of public interest and competition commitments, designed to prevent job losses and continue supply contracts with local [...]

CSIR simulation assisting in truck flow improvement on the N4 corridor

A simulation model developed by a team at the Council for Scientific and Industrial Research (CSIR), in Pretoria, is being used as a tool to improve the flow of trucks on the N4 road corridor. These trucks, mostly loaded with export minerals, travel from the mines in the North West, Mpumalanga and Limpopo provinces to [...]

Cape Town is leading the country’s green energy transition, affirms city Alderman

Cape Town was really taking the lead in the green energy transition, affirmed the city’s Mayoral Committee Member for Economic Growth, Alderman James Vos, on Tuesday. He was opening the Western Cape trade, tourism and investment promotion agency Wesgro’s Green Hub pavilion at the Enlit Africa 2024 exhibition, in the Cape Town International Convention Centre. [...]

Latest cadastre agreement excites South Africa’s Junior Indaba panel

There were expressions of excitement at the South Africa’s Junior Indaba on Tuesday when attendees at the important mining event learnt of the signing of the service-level agreement (SLA) for South Africa's long-awaited mining cadastral system, a key tool for orderly mineral exploration regulation. “Pen was put to paper yesterday,” opening discussion chairperson and NSDV [...]

Vivo Energy, Engen complete deal to form ‘pan-African champion’

Engen and Vivo Energy have confirmed the completion of a transaction, announced in February 2023, to combine their respective businesses, with PETRONAS selling its 74% shareholding in Engen to Vivo Energy. The Vivo Energy Group now has over 3 900 service stations, and more than two-billion litres of storage capacity across 28 African markets and [...]

Microsoft, dtic enter empowerment agreement

Microsoft and the Department of Trade, Industry and Competition (dtic) on Tuesday entered into an empowerment agreement to unlock programmes to support skills and capability development, as well as enterprise development for youth and small, medium-sized and microenterprises (SMMEs). The agreement provides for a significant investment, estimated at R1.3-billion, by Microsoft South Africa over the [...]

Eswatini govt issues new R4bn bond programme on South Africa’s JSE

The Eswatini government has, through Absa Bank, recently issued a R4-billion bond programme on the JSE's debt board. This new issuance is the latest bond to list under the Protea Bonds segment, which includes rand-denominated bond issuances by foreign governments on the JSE.

Zimbabwe asks miners to ramp up gold output to support ZiG currency

Zimbabwe has asked gold miners across the country to ramp up output to support the ZiG currency launched last month, according to Mines and Mining Development Minister Winston Chitando. “This new currency is anchored on gold production, we have to determine ways to increase production,” Chitando said Monday in a meeting with miners in the [...]

Speakers explore process heat supply alternatives

With South Africa facing an imminent gas supply cliff, and the need to decarbonise becoming increasingly imperative, industrial gas users are facing considerable challenges and may need to explore alternative solutions for process heat supply. This was outlined by speakers during EE Business Intelligence’s ‘Innovating process heat supply: Power to heat and thermal storage’ webinar, [...]

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