A group led by TotalEnergies will likely resume work on a liquefied natural gas (LNG) project in Mozambique early this year, according to the International Monetary Fund, after a raid by Islamic State-linked militants led to a near-three-year freeze on the more-than $20 billion project. Mozambique’s government in 2021 called for military help from the [...]

Global mining and metals companies have committed at Davos to take urgent action to support a nature-positive future by 2030 that promotes the health, diversity and resilience of species, ecosystems and natural processes. International Council of Metals and Minerals (ICMM) members, representing a third of the global industry, have pledged that meeting the demand for [...]

Global major US aerospace group Boeing has announced that the quality management system in its Boeing Commercial Airplanes business would be reviewed by a team of experts recruited from outside the group. These experts will be led by retired US Navy Admiral Kirkland H Donald, who will report directly to Boeing group president and CEO [...]

The Maputo Port Development Company (MPDC) says the Port of Maputo has achieved a record volume of 31.2-million tons in 2023, up 16% on the previous year. MPDC is a public-private partnership between State-owned Mozambican Railway Company (Caminhos de Ferro de Moçambique, or CFM) and Portus Indico, comprising of JSE-listed Grindrod, DP World and local [...]

Shell has agreed to sell its Nigerian onshore oil and gas subsidiary in Nigeria to Renaissance, a consortium of five companies, for up to $2.4-billion, the British company said on Tuesday. Shell will sell The Shell Petroleum Development Company of Nigeria Limited (SPDC) for a consideration of $1.3-billion, it said in a statement, while the [...]

Critical infrastructure blackouts have emerged as the number one risk for businesses in South Africa for the second consecutive year, highlighting the severe impact of power outages and the failure of essential infrastructure such as ports, railways, roads and more on the economy and businesses, insurance and risk multinational Allianz says. “The closely interlinked peril [...]

Computer programmes that use artificial intelligence (AI) to model orebodies and plan mines optimally have already been introduced by Copper 360, says the JSE AltX-listed Northern Cape copper mining company, which is developing the Rietberg copper mine, the first of a dozen copper mining assets it has on its development list. Next in line for [...]

Finance Minister Enoch Godongwana played down the likelihood of a decision soon to tap a R497-billion contingency fund held on behalf of the country by the central bank. “For the moment there is not a deal and there is no pressure on us or the central bank,” he said Tuesday in an interview on Bloomberg [...]

The Department of Mineral Resources and Energy (DMRE) and the Independent Power Producer Office (IPPO) have a busy week ahead, with three virtual bidders conferences to be hosted over Wednesday and Thursday, and with the department also schedule to host a public workshop on the draft 2023 edition of the Integrated Resource Plan (IRP 2023). [...]

Cape Town Air Access (CTAA) announced on Monday that December had seen a monthly record number of two-way international passengers passing through Cape Town International Airport (CTIA). These passengers numbered 317 000. The previous record, set in January 2020, had been 290 000. It was estimated that these 317 000 travellers had boosted the Western Cape economy by [...]

Nigeria's Dangote oil refinery has begun producing diesel and aviation fuel, the company said on Saturday, after years of construction delays at the 650 000 bl/d plant. The refinery, Africa's largest, was built on a peninsula on the outskirts of the commercial capital Lagos at a cost of $20 billion by the continent's richest man [...]

South Africa’s selection of Filipino billionaire Enrique Razon’s harbour firm as a partner to revive sub-Saharan Africa’s biggest container port is being questioned by losing bidders. Companies that lost out to International Container Terminal Services Inc. for the right to buy almost half of the main container terminal in the southeastern port city of Durban [...]