R/€ = 19.7366 Change: 0.0952
R/$ = 18.1710 Change: 0.0064
Au 2434.95 $/oz Change: 20.70
Pt 1054.95 $/oz Change: -39.55


Canada's long-delayed Trans Mountain oil pipeline starts operations

By: Reuters     2nd May 2024 After 12 years and C$34-billion, Canada's Trans Mountain pipeline expansion project (TMX) began commercial operations on Wednesday, a major milestone expected to transform access to global markets for the country's producers. Pipeline constraints have forced Canadian oil producers to sell oil at... 

NBI launches pragmatic Just Energy Transition Skilling for Employment Programme

By: Marleny Arnoldi     30th April 2024 With skills having been identified as a key cross-cutting requirement for the Just Energy Transition Implementation Plan (JET-IP), the National Business Initiative (NBI), together with the Presidency’s JET project management unit (JET PMU) and Boston Consulting Group, have launched the JET... 

New boost for platinum group metals may arise from emerging eFuel scale-up  

By: Martin Creamer     19th April 2024 The emerging use of electrofuel (eFuel) as an interchangeable substitute for petrol, diesel and aviation fuel has the potential to create important new demand for Southern Africa’s platinum group metals (PGMs). This is because eFuel is a combination of green hydrogen and waste carbon dioxide... 

Centamin confident of increasing production in the quarters ahead

By: Sabrina Jardim     18th April 2024 LSE- and TSX-listed gold miner Centamin reports that the scheduled processing of lower-grade ore from the Sukari openpit, alongside the planned underground ventilation upgrades and mill maintenance during the quarter ended March 31 contributed to slightly lower production year-on-year. The... 

South Africa needs 13 GW of gas-to-power capacity – more than the IRP envisions  

By: Darren Parker     17th April 2024 Standard Bank head of Southern Africa’s oil and gas coverage Paul Eardley-Taylor has suggested that South Africa needs 13 GW of gas-to-power (GtP) capacity, rather than the 7.2 GW to 8.6 GW outlined in the draft Integrated Resource Plan 2023. Speaking at mine ventilation solutions developer... 

Shanta reveals ‘encouraging results’ for West Kenya exploration project

By: Darren Parker     16th April 2024 Aim-listed gold producer Shanta Gold has revealed “encouraging results” in an exploration update for the West Kenya project, in Kenya, for the fourth quarter of last year and the first quarter of this year. “At Ramula, the 2 911 m of assays reported today should allow us to convert inferred... 

Succession drama grips commodity trading’s billionaire factories

By: Bloomberg     8th April 2024 Trafigura Group has fired the starting gun on an era of upheaval at the top of the commodity trading world, with some of the biggest players preparing a new generation of leaders at a moment of heightened scrutiny for the industry. Trafigura, a leading oil and metals trader, on Friday announced... 

Enviro groups approach High Court over TotalEnergies Cape coast drilling plans

By: Marleny Arnoldi     26th March 2024 Environmental organisations The Green Connection (TGC) and Natural Justice have submitted an application in the High Court against the environmental authorisation granted to TotalEnergies Exploration and Production South Africa (Teepsa) for exploratory drilling in Blocks 5, 6 and 7 on the Cape... 

Programme targets underprivileged youth

By: Halima Frost     15th March 2024 Commercial fuels, lubricants and oils retailer Shell Downstream South Africa has invested over R30-million in its science, technology, engineering and mathematics (STEM) bursary programme to help develop less fortunate youth in South Africa. STEM subjects are more than gateways to “great,... 

Industry body condemns fuel adulteration

15th March 2024 Industry body the South African Petroleum Industry Association (Sapia) has affirmed in a statement released in January that it condemns the adulteration of diesel with illuminating paraffin. It added that Sapia members have zero-tolerance policies towards fuel adulteration to ensure that quality... 

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