ASX-listed Invictus Energy has signed a memorandum of understanding (MoU) that could lead to a maiden gas offtake agreement with Dallaglio Investments, involving the supply of gas to the Eureka gold mine, in Zimbabwe. Invictus will supply natural gas from the Cabora Bassa project, in Zimbabwe, as feedstock for the Dallaglio’s proposed gas-to-power (GtP) plant.

NYSE- and JSE-listed petrochemicals company Sasol says its energy business benefitted from higher basic fuel prices, as well as improved refining margins towards the end of the nine months ended March 31, which helped to offset operational headwinds at the group’s mining and Secunda operations. Sasol’s mining productivity has improved albeit at a slower pace [...]

Diversified mining company Anglo American is taking steps to help to restore an Amazon rainforest equivalent of which less than 10% remains intact. The Mata Atlántica carbon forest is located near Anglo’s Minas-Rio iron-ore mine, in Brazil.

JSE-listed Murray & Roberts (M&R) has announced that Terra Nova Technologies (TNT), in joint venture with Ingeniería y Construcción Sigdo Koppers, has been awarded an engineering, procurement and construction (EPC) contract with a large copper producer for a mine in South America. The contract value is about $200-million, with TNT’s share in the joint venture [...]

The richness of South Africa’s copper assets were emphasised on Monday when Northern Cape mine developer and explorer Orion Minerals published a standout intercept that sent its shares rocketing up 58% on the Australian Stock Exchange (ASX). Orion, headed by CEO Errol Smart, is primarily listed on the ASX, where it has 1 300 shareholders, and [...]

Brazil-based global major aerospace group Embraer – the world’s number three maker of jet airliners – has released its deliveries and order backlog report for the first quarter of this year (1Q24). Deliveries of its commercial and executive (or business) aircraft types was up 67%, year-on-year. And its order backlog was the highest it has [...]

JSE-listed real estate investment trusts Balwin and Attacq will open six new rooftop padel courts at the Mall of Africa in Waterfall City as demand for the lifestyle sport gains momentum. Four of the courts will be covered and the venue will also host the first Balwin Padel Club, with amenities such as locker and [...]

South Africa is playing all sides when it comes to foreign policy as the country seeks to position itself as a leading voice of the Global South, and the approach seems to be working — so far. The Brics group of developing nations held its annual summit in South Africa last year and the Group [...]

A South African research group has reported that the 2023/24 El Niño phenomenon was the fourth strongest yet recorded, and that it had a noticeable impact on South Africa. The research team, designated the El Niño Southern Oscillation Reference Group (ENSO-RG), was convened by the Council for Scientific and Industrial Research’s Applied Centre for Climate [...]

Almost half, or 49%, of small and medium-sized enterprise (SME) business owners who responded to the Fourth Quarter 2023 SME Confidence Index by specialist SME financier Business Partners said they were concerned that the imminent risk of economic turbulence and protest action during the election season would impact their operations. While the SME owners said the [...]

Cryogenics technology and expertise are becoming increasingly important as South Africa plans on leaning into using liquefied natural gas (LNG) as a major source of energy, Howden senior application engineer Pieter Swart said at mine ventilation solutions developer Howden’s Technology Day, hosted at Mintek, in Johannesburg on April 17. Cryogenics also plays a crucial role [...]

Two South African engineers working in Equatorial Guinea’s offshore oil fields were preparing to return home in February 2023 when they were arrested for cocaine trafficking and thrown in jail, where they remain. Both men, their families and their employer have declared their innocence. They were detained days after a South African court ordered the [...]