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Kibo to acquire 60% stake in UK energy company

By: Simone Liedtke     15th August 2018 Africa-focussed energy company Kibo Energy has signed a memorandum of understanding (MoU) for the acquisition of a 60% equity interest in UK company Mast Energy Developments (MED). Under the terms of the MoU, Kibo can acquire a 60% shareholding in MED for £300 000 payable to existing MED... 

South32’s manganese production up 10%, Illawarra beats guidance

By: Esmarie Swanepoel     19th July 2018 Diversified miner South32 has reported record performances at its Australian manganese and Mozal aluminium operations during the 2018 financial year ended June, while also exceeding revised production guidance for its Illawarra metallurgical coal operations. “We delivered record annual... 

Afrox launches 360-degree Integrated Customer Application Solutions Programme

3rd July 2018 The challenging South African energy, transport, mining and fabrication industries require innovative solutions to stay abreast of global technology and competition. Whether the application is a locomotive, a pressure vessel, tanker, wind tower, a petro-chemical plant shut-down or any other... 

Kibo signs development agreement with Sepco III

By: Simone Liedtke     3rd July 2018 Aim-listed Kibo Mining has signed a strategic development agreement (SDA) with China-based Sepco III to work towards enhancing Kibo’s strategy and the development of its portfolio of energy projects. As part of the SDA, Sepco III has committed to a two-stage equity investment in Kibo. 

Eskom says it intends to play a bigger role in Africa

By: Kim Cloete     15th May 2018 Eskom interim CEO Phakamani Hadebe says the utility is keen to expand its services into other African countries.  “We have made a decision that our ambition is to play a bigger role on the continent,” he told the opening plenary of African Utility Week, in Cape Town, on Tuesday. 

South32 hikes manganese guidance, lowers coal forecast

By: Esmarie Swanepoel     19th April 2018 Diversified miner South32 has increased its manganese production guidance from its Australia and South African operations to take advantage of farourable market conditions. The company increased its production guidance at the Australia manganese operations by 6% to 3.30-million tonnes and its... 

Bushveld Energy progresses with electrolyte production facility, Eskom VRFB project

By: Marleny Arnoldi     11th April 2018 Bushveld Minerals subsidiary Bushveld Energy has made significant progress with exploiting the commercial opportunity of Vanadium Redox Flow Battery (VRFB) technology within the energy storage market in the first quarter of this year.  

Hybrid solutions to power Africa’s mining future

By: Paige Müller     23rd February 2018 African mining companies and investors have expressed increasing interest in hybrid energy solutions that show the potential to address off-peak demand challenges, says engineering consultant WSP Africa power director Dinesh Buldoo, who expects this trend to continue. “We have seen several hybrid... 

Legal expertise advances local gas investment

By: Robyn Wilkinson     26th January 2018 Law firm Norton Rose Fulbright has helped Norwegian oil and gas company Statoil navigate South Africa’s myriad legislative requirements to acquire a participating interest in two gas exploration blocks offshore of South Africa’s east coast.  

South32 makes management shifts as SAEC becomes standalone business

By: Megan van Wyngaardt     22nd January 2018 As part of setting up its South African Energy Coal (SAEC) operations as a standalone business, triple-listed South32 will make changes to the operational accountabilities of its two COOs, Mike Fraser and Paul Harvey. Fraser will now be accountable for the alumina and aluminium operations in... 

South32 okays R4.3bn project, eyes JSE for rejigged energy coal 

By: Martin Creamer     27th November 2017 Diversified mining and metals company South32 on Monday approved the R4.3-billion, 20-year Klipspruit life extension project at South Africa Energy Coal (SAEC), and at the same time set out to turn its South African energy coal business into a standalone entity, earmarked for further empowerment... 

Bushveld Energy and Partners Deploy Eskom's First Vanadium Redox Flow Battery

21st November 2017 Bushveld Minerals Limited , a mineral project development company with a portfolio of vanadium and coal assets in Southern Africa and an investment in tin, is pleased to announce that its 84%-owned energy subsidiary, Bushveld Energy Limited ("Bushveld Energy") has confirmed its first vanadium... 

South32 bolsters net cash to $1.7bn, reports solid Q1 results

By: Esmarie Swanepoel     19th October 2017 Diversified miner South32 on Thursday reported its financial and operational results for the first quarter of the 2018 financial year, telling shareholders that stronger commodity markets had delivered a $33-million increase in its net cash position. “Our key commodity markets continue to... 

Davies approves operator for Musina-Makhado SEZ

By: Creamer Media Reporter      18th September 2017 The Department of Trade and Industry has issued a special economic zone (SEZ) operator’s permit for the Musina-Makhado SEZ to South African Energy Metallurgical Base, a subsidiary of Chinese conglomerate Shenzhen Hoi Mor Resources. The permit, approved by Trade and Industry Minister Dr Rob Davies... 

Edenville signs coal marketing deal with UK firm

By: Creamer Media Reporter      29th August 2017 Aim-listed Edenville Energy, which is developing the Rukwa coal project, in Tanzania, has entered into a nonexclusive two-year coal marketing agreement with a UK firm. The firm, which will be responsible for introductions, liaison and, where appropriate, management of coal sales and delivery, has... 

South32 sees upswing in South African, Mozambique aluminium production

By: Mia Breytenbach     24th August 2017 Diversified miner South32 reported solid performances across its aluminium supply chain for the financial year ended June 30, with record production from Mozal Aluminium, in Mozambique, and near-record production at the Hillside aluminium smelter, in South Africa. “Our aluminium smelters and... 

South32 aims to increase base metals exposure to tap into battery market

By: Esmarie Swanepoel     24th August 2017 Diversified mining company South32 is considering opportunities to enlarge its foray into the lithium-ion battery market, CEO Graham Kerr said on Thursday. The group, which swung back to the black in the 2017 financial year, is particularly keen on adding more base metals exposure to tap into... 

South32 amends coal and metals output expectation

By: Esmarie Swanepoel     27th April 2017 In addition to revising its full-year output guidance for the Cannington multi-metals mine, in Queensland, diversified spin-off South32 has also revised its full year production guidance for its South African energy coal operations. Following a fire at the Cannington mine in April this year,... 

Botswana grants Sese mining lease

By: Esmarie Swanepoel     29th March 2017 The Botswana government has awarded ASX-listed African Energy a mining licence for its Sese joint venture (JV). The mining licence covers 51.47 km2 and contains 650-million tonnes of raw coal classified as measured and indicated resources, with African Energy saying on Tuesday that the granted... 

African Energy sells Zambian projects

By: Esmarie Swanepoel     7th March 2017 ASX-listed African Energy will sell its Zambian uranium portfolio to TSX-listed GoviEx Uranium for three-million shares and 1.6-million common share purchase warrants. Each of the purchase warrants will be convertible into one common share at a price equal to the US dollar equivalent of 160% of... 

West African gold mine signs solar power agreement

By: Martin Creamer     6th March 2017 West African gold mine Iamgold Essakane has signed a 15-year power purchase agreement with renewable-energy providers in a move that will cut its diesel use and lower its carbon footprint.  EREN Renewable Energy and its partner African Energy Management Platform (AEMP) on Monday announced that... 

Sasol says relations with Moz in ‘good space’ as new oil-find notice is issued 

By: Terence Creamer     27th February 2017 Sasol joint president and CEO Stephen Cornell has described the group’s relations with the Mozambique government as being in a “good space”, despite the country’s current fiscal difficulties, as well as periodic criticism that the country is not benefiting fully from the South African energy and... 

South32 says FY targets within reach despite challenging Dec quarter

By: Esmarie Swanepoel     19th January 2017 Despite a challenging December quarter, diversified mining company South32 remains on track to achieve its production guidance for the majority of its operations. The miner, which is the world’s biggest manganese ore producer, on Thursday reported higher manganese production, but said that its... 

South African coal industry needs to pursue mechanisation

By: Nadine James     16th September 2016 South African coal industry stakeholders need to pursue mechanisation if the industry is serious about streamlining operations and improving efficiencies, stresses international market research company BMI Research.  BMI commodities analyst Mitchell Hugers states that the benefits of... 

African Energy to sell Botswana coal and power project to SA developer 

By: Esmarie Swanepoel     6th July 2015 ASX-listed African Energy has signed a term sheet with a South African project developer to divest of its Mmamantswe coal and power project, in Botswana. Subject to certain conditions precedent, African Energy would sell the Mmamantswe project for an initial sum of $10-million to the developer,... 

Botswana Resource Sector Conference set to attract large turnout

By: Ilan Solomons     21st February 2014 Botswana based conference company Capital Conference’s Botswana Resource Sector Conference 2014, which will take place at the Gaborone International Conference Centre, in Botswana, from June 10 to 11, is set to attract more than 400 global delegates, says conference coordinator Emma Rynn.... 

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