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Hancock's stake in Warrego increases
By: Esmarie Iannucci 2nd February 2023 Suitor Hancock Energy has now secured a 27.03% interest in takeover target Warrego Energy, after extending its takeover offer period until February 10, earlier this week. Hancock is offering 28c a share in cash for Warrego shares, which would increase to 36c a share if the Gina Rinehart-led... →
Deep Yellow sets A$372m price tag on Tumas
By: Esmarie Iannucci 2nd February 2023 A definitive feasibility study (DFS) on the Tumas uranium project, in Namibia, has estimated that the project would require a capital investment of some $372-million. ASX-listed Deep Yellow based the DFS on treating 4.15-million tonnes a year of ore to produce up to 3.6-million pounds of uranium... →
Glencore's 2022 cobalt production up, along with oil, nickel, ferrochrome 
By: Martin Creamer 1st February 2023 Mining and marketing company Glencore produced 40% more cobalt last year, along with 16% more oil, 5% more nickel and 1% more ferrochrome. Although coal production of 110-million tonnes was 6.7-million tonnes higher, on a like-for-like basis, overall group coal production fell by 7%, primarily... →
Renergen eyes US listing
By: Esmarie Iannucci 1st February 2023 ASX- and JSE-listed Renergen has announced plans for a potential initial public offering (IPO) and listing in the US. The company said on Wednesday that in order to raise funding for Phase 2 development of its helium and natural gas operations at the Virgina gas project, in South Africa. →
NECOM outlines plan for adding and recovering 8 800 MW in 2023
By: Terence Creamer 31st January 2023 Initiatives being coordinated under the aegis of the National Energy Crisis Committee (NECOM) will seek to add about 8 800 MW of capacity to the South Africa’s electricity supply during the course of 2023 in an effort to reduce the intensity of loadshedding, a senior official from the NECOM... →
Global oil and gas exploration spend hits record highs
By: Esmarie Iannucci 31st January 2023 New data by advisory firm Wood Mackenzie (WoodMac) has shown that 2022 was the strongest year in more than a decade for global oil and gas exploration, led by major discoveries in Namibia, Brazil and Algeria. WoodMac reported that the sector created at least $33-billion of value and achieved... →
Arafura selects GHG pathway for Nolans
By: Esmarie Iannucci 31st January 2023 Rare earths developer Arafura has chosen a greenhouse gas (GHG) emissions reduction pathway for its Nolans neodymium-praseodymium (NdPr) project in the Northern Territory. The chosen pathway consists of renewable sources for electrical power combined with large-scale thermal energy storage (TES)... →
Temporary Kusile stacks set to bypass FGD for a year while remediation works are completed
By: Terence Creamer 30th January 2023 Eskom reports that it is currently expecting to operate temporary stacks on the three Kusile units – which have been inoperable since October 23 when the Unit 1 flue duct failed in a way that also compromised the Unit 2 and 3 flue ducts – for about a year while permanent remediation works are... →
Biden faces climate litmus test on ConocoPhillips’s Alaska oil project
By: Bloomberg 30th January 2023 US President Joe Biden is nearing a critical decision on a massive proposed oil project in northwest Alaska that could unlock 600-million barrels of crude and has drawn the ire of environmentalists who have dubbed it a “carbon bomb.” Biden’s verdict on ConocoPhillips’ $8-billion Willow venture... →
How to speed up Namibia’s resource beneficiation through a TES partner
30th January 2023 By Jimmy Samuels, Africa Executive at Workforce Staffing Africa and Barend Matthee, National Projects Director at Workforce Holdings With the recent announcement of the biggest discovery of oil in Namibia’s history - an estimated 4 billion barrels - comes great economic opportunity. Namibia has... →
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