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LEGISLATIVE ENVIRONMENT

Mineral beneficiation, industrialisation key to development – Finance Minister

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Finance Minister Nhlanhla Nene The key to the development of South Africa lay in mineral beneficiation and industrialisation in joint development with its regional neighbours, South Africa’s new Finance Minister Nhlanhla Nene told the Centre for Education In Economics and...
29th August 2014
 
 
OIL & GAS

'Manage expectations,' Woodside's Coleman tells African countries

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Oil and gas major Woodside on Friday called on emerging African resource nations to carefully consider implementing any policy changes that could scare away foreign investment. Speaking at the second day of the East Africa Oil and Gas conference,...
29th August 2014
 
 
OIL & GAS

Qld Minister pushes for deep oil and gas developments

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The Queensland government has released a framework that outlines the opportunities to develop the state’s next generation of deep oil and gas projects. Natural Resources and Mines Minister Andrew Cripps said the development of deep oil and...
29th August 2014
 
 
AFRICA-AUSTRALIA

Opportunities beckon in Africa but Oz firms face stiff competition

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Australian resources firms that were hoping to exploit African minerals would have to address challenges associated with building sustainable opportunities if they were to deepen market penetration on the continent, and to strengthen their...
29th August 2014
 
 
SHALE GAS

Government ready to monitor safe shale gas exploration

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Government says it is ready to regulate and monitor companies that have expressed an interest in exploring shale gas in the country. Thibedi Ramontja, the Director-General of the Mineral Resources Department, said the draft regulations will, once...
27th August 2014
 
 
OIL & GAS

Ambassador directors accept Drillsearch offer

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The directors of takeover target Ambassador Oil and Gas have thrown their support behind a bid by Drillsearch Energy. The company announced on Tuesday that each of the company’s directors had accepted the unconditional Drillsearch takeover offer...
26th August 2014
 
 
SHALE GAS

Anti-fracking alliance takes fight to Public Protector

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Anti-fracking lobby group, the Treasure Karoo Action Group (TKAG), and social rights group AfriForum plan to take their fight against hydraulic fracturing (fracking) in South Africa to the Public Protector. The parties said they would submit a...
25th August 2014
 
 
OIL & GAS

Beach reports higher revenue on increased production

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Australia’s largest onshore oil producer, Beach Energy, has reported a 51% increase in revenue during the financial year ended June, driven by higher production. Beach on Monday reported that revenue of over A$1-billion, up from A$698-million in...
25th August 2014
 
 
 
 
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