South Africa is still selling oil from strategic stockpiles to fund measures introduced two years ago to cushion consumers from a spike in road fuel prices. The Strategic Fuel Fund Association paid the National Treasury R2-billion in proceeds from the sale of oil inventories for the financial year through March, the Central Energy Fund said [...]

Gold producer Pan African Resources on Monday announced the listing of a sustainability-linked instrument under the sustainability segment of the JSE. Following an oversubscribed bookbuild, Pan African Resources (PAR) Funding Company’s PARS03 notes worth R840-million will be listed under a R5-billion domestic medium term note programme.

Naamsa | The Automotive Business Council and Transnet have signed a memorandum of understanding (MoU) to develop and convene a naamsa–Transnet ‘auto war room’. This war room will drive the collection, consolidation and sharing of data to support the implementation of strategic initiatives, while it will also monitor key railway performance indicators, as well as [...]

Brazil-based major aerospace group Embraer has reported that it delivered 57 civilian jets during the third quarter of this year (3Q24), which was a 33% increase, year-on-year (y-o-y). It also represented a 24% increase, quarter-on-quarter (q-o-q). It further delivered two military jets. The group also reported that its total backlog increased more than 25% y-o-y, [...]

Leading mine blasting solutions provider BME today announced a new alignment with Protea Mining Chemicals, which provides one point of contact for two solutions through the BME brand. In this regard, Mining Weekly put these questions to Ralf Hennecke, the Managing Director of BME, an Omnia group company. (Also watch attached Creamer Media video.)

Renewable-energy group Scatec says it is making final preparations to start construction of the R3-billion Mogobe battery energy storage system (BESS) project, which reached financial close on October 16. The 103 MW/412 MWh project is located near Kathu, in the Northern Cape, and has been awarded a 15-year power purchase agreement under South Africa’s inaugural [...]

Coal and manganese mining group Menar MD Vuslat Bayoğlu has pushed back on a request by Energy and Electricity Minister Kgosientsho Ramokgopa’s special adviser Silas Zimu for domestic coal suppliers to State-owned utility Eskom to lower their prices for the next three years in order for the utility to decrease the tariff increases it has applied [...]

Engineering News editor Terence Creamer discusses the International Energy Agency's statement that the world is moving into the Age of Electricity; how the critical minerals demand associated with this coming age is an opportunity for Africa; and what this could mean for South Africa.

The Petroleum Oil and Gas Corporation of South Africa (PetroSA) has appointed Mmete Fusi as acting group CEO, effective immediately. The entity highlights that Fusi has vast leadership experience and knowledge of the continent’s minerals resources, oil and gas, ports and railway infrastructure.

Renewable energy company Terra Firma has announced a new large-scale solar energy build programme that will see customers gain access to wheeled energy from August 2026. The R1.3-billion programme will deliver a combined 110 MW of wheeled energy services once completed.

The  South African mining industry is diversifying from the gold mining era to an industry with a diverse range of mineral resources that include platinum group metals (PGMs), chrome, manganese, gold, vanadium, nickel, and rare earths considered critical for the cleaner world economy, Mineral Resources and Petroleum Minister Gwede Mantashe pointed out at the twenty-sixth China [...]

Steel producer ArcelorMittal South Africa (AMSA) has reported a headline loss of a little more than R1-billion for the third quarter. “The global and local steel market deteriorated further since we released our June  interim results. Despite the recent optimism in South Africa, the domestic steel industry has been facing a particularly difficult period.