R/€ = 15.86 Change: 0.03
R/$ = 14.00 Change: 0.03
Au 1327.20 $/oz Change: 0.92
Pt 840.13 $/oz Change: 9.97


Japan's Mitsui trims FY profit outlook, to keep stake in Vale

By: Reuters     1st February 2019 Mitsui & Co on Friday cut full-year profit forecast by 2% due to the absence of a dividend from Vale, but the Japanese trading house does not plan to change its holding in the Brazilian miner, a company executive said. With 110 people confirmed dead and another 238 missing, according to... 

Japan's Mitsui may raise its stake in Vale – executive

By: Reuters     6th July 2018 Japanese trading house Mitsui & Co may boost its stake in Brazil's Vale SA if other shareholders sell part of their holdings, a senior executive said, giving it greater influence over the iron ore giant's management. Several Brazilian pension funds and BNDESPar, the investment arm of state... 

MMEC conference outlook indicative of state of mining industry

By: Melissa Zisengwe     8th June 2018 The increase in international participation at the sixth edition of the Mozambique Mining, Energy and Natural Gas Conference (MMEC) reflected the state of the Mozambique mining industry, which is an emerging market, says event organiser AME Trade. The conference was held in Maputo on April 25 and... 

South Africa must prepare for oil and gas supply gap

By: Robyn Wilkinson     1st December 2017 South Africa needs to bridge the growing supply and demand gap in its oil and gas sector, says global research and consultancy group Wood Mackenzie research associate Jon Lawrence. 

Franco-Nevada rises on earnings beat

By: Henry Lazenby     7th November 2017 Investors have rewarded precious metals royalty and streaming firm Franco-Nevada by pushing its NYSE-listed equity up 6.5% on Monday, following the company reporting a stronger-than-expected third-quarter profit. Headquartered in Toronto, Franco-Nevada reported adjusted net income of... 

Immediate Moz mining outlook remains challenging – consultant

By: Nadine James     9th June 2017 Unless there is a definitive turn in the commodity cycle, coupled with stronger global growth, the challenging short-term outlook for the Mozambique mining industry will not change, states commodities consultancy Core Consultants and its partner, business consultancy Core Africa. Both agree,... 

Franco-Nevada lifts FY guidance as Q3 results beat several records

By: Henry Lazenby     9th November 2016 Commodity royalty streaming firm Franco-Nevada reported a stellar performance for the third quarter ended September 30, setting several new production and financial records for the period. After market close on Monday, Toronto-based Franco-Nevada reported operating and financial results for the... 

Potential, risks of Mozambique mining sector outlined

3rd June 2016 The extractive sector in Mozambique currently represents less than 4% of economic activity in the country but has scope to grow considerably, says international metals and minerals researcher Roskill, which has released its Mozambique African Mining Report (AMR) 2016. 

Potential gas-to-liquids string added to exciting Mozambique energy bow 

By: Terence Creamer     3rd July 2014 A joint prefeasibility study into a large-scale gas-to-liquids (GTL) plant, based on gas from the Rovuma basin in Northern Mozambique, has been launched amid growing excitement about the energy potential that could flow as a result of large-scale gas discoveries in the country. The study is being... 

Kentz says Valerus acquisition strengthens its SA shale-energy hand 

By: Terence Creamer     12th May 2014 The African region of engineering and construction group Kentz believes it is strongly positioned for any future shale-gas extraction activity in South Africa, following the recent acquisition, by the London-listed group, of integrated oil and gas solutions provider Valerus, of the US. The South... 

The Oliver Kinross Africa Oil & Gas Awards is the only awards ceremony of its kind to focus solely on best practice and achievements made within Africa's booming energy industry.

8th May 2014 On the 9th of October 2014 Oliver Kinross will be hosting the 2nd Annual Africa Oil & Gas Awards. The awards are taking place at the world class Sandton Convention Centre as part of the Africa Oil & Gas Expo. The awards ceremony is an initiative of Oliver Kinross to reward achievements made by... 

Anadarko seeks clarity on SA’s new oil and gas regime 

By: Terence Creamer     2nd May 2014 American oil and gas exploration and development company Anadarko, which confirmed a halt to its exploration spending in South Africa as a result of legislative uncertainties, says it will work with the South African government to gain clarity on its new petroleum legislation. During the last... 

Oil and gas sector in need of skills, heightens call for legislative clarity

By: Natalie Greve     24th February 2014 While the sub-Saharan Africa enclave remains one of the fastest growing and largest potential oil and gas regions in the world, the most notable challenge facing the sector is the lack of skills and an ageing generation of oil and gas professionals, said the South African Oil and Gas Alliance... 

Oil and gas industry leaders call for certainty

By: Kim Cloete     21st February 2014 Players in the oil and gas industry have warned of increasing impatience over the continued uncertainty surrounding the Mineral and Petroleum Resources Development Amendment (MPRDA) Bill. Parliament’s Portfolio Committee on Mineral Resources this week delayed its deliberations on changes to the... 

Sundance Energy raises capital

By: Esmarie Iannucci     31st May 2013 Energy explorer Sundance Energy has completed a A$48.1-million share placement to professional and sophisticated investors to accelerate development of its Eagle Ford and Mississippian/Woodford acreage. Sundance said on Friday that the placement was priced at 86c per share, representing an 11.8%... 


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