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Metals rebound as world's energy crisis keeps roiling the market

By: Bloomberg     22nd October 2021 Base metals were mostly higher, paring a weekly slump, as the global energy crisis kept roiling the energy-intensive sector. The global energy shortage, fueled by record coal and gas costs, has forced metal output cuts from China to Europe, depleting inventories. Freeport-McMoRan, the world’s... 

India considering strategic reserves for imported coal

By: Reuters     22nd October 2021 India is considering maintaining strategic reserves of natural gas and imported coal to address future supply shocks, a senior Power Ministry official said on Thursday, as the energy hungry nation battles a crippling coal shortage. A surge in power demand combined with a fall in imports due to... 

Consultation open for hydrogen and renewable gases in Australia

By: Esmarie Iannucci     22nd October 2021 The federal government has called for consultation on national reforms that will support the next steps in the roll-out of hydrogen, biomethane and other renewable gases to be used in Australia’s gas networks. Energy Ministers agreed in August to expedite reforms to support investment in... 

Company first stainless steel producer to earn certification

22nd October 2021 Stainless steel producer Aperam’s Stainless Europe operations in September were successfully certified to be operating at the ResponsibleSteel Standard by independent auditors the Association Française de Normalisation (AFNOR). The ResponsibleSteel initiative is the first global sustainability... 

Association supports resilient industry through master plan

By: Cameron Mackay     22nd October 2021 Despite the impact of Covid-19 and a weak economy, the local stainless steel sector has shown its resilience, as the South African Stainless Steel Development Association (Sassda) continues to support industry through initiatives such as the Steel Master Plan. “When the Steel Master Plan was... 

Market responds well to high-pressure pumps

By: Claire O'Reilly     22nd October 2021 High-head pumps are the workhorses of many fluid control systems, and their role can often be mission-critical in dewatering applications in construction and mining, where the control and removal of surface water is a primary safety concern, says industrial equipment manufacturer Atlas Copco... 

Net-zero action plan for SA mines

By: Simone Liedtke     22nd October 2021 The Minerals Council South Africa is developing a Net Zero 2050 Action Plan and pathway towards achieving the goal of net zero greenhouse-gas (GHG) emissions. The action plan for mining will include the central pillars of increasing the share of investment in renewable energy sources; research,... 

How South Africa plans to secure backing for its ‘Just Transition Financing Facility’ at COP26 

By: Terence Creamer     21st October 2021 South Africa aims to meet with other governments and multilateral finance institutions on the sidelines of the upcoming COP26 gathering to progress talks on raising concessional funding, in phases, for a Cabinet-endorsed ‘Just Transition Financing Facility’ to fund green projects in the... 

South Africa’s integrated energy policy ‘vacuum’ discouraging investment, report warns 

By: Terence Creamer     21st October 2021 The continued absence of a long-term vision for South Africa’s energy sector is creating a policy “vacuum” and undermining investment, the 2021 edition of the South African Energy Risk Report states. Published by the South African National Energy Association (Sanea), the report highlights that... 

Higher oil prices drive Woodside revenues

By: Esmarie Iannucci     21st October 2021 ASX-listed Woodside Petroleum has reported a 19% increase in sales revenue for the third quarter ended September, compared with the previous quarter, despite a 2% fall in production. The company on Thursday reported that production in the three months to September reached 22.2-million barrels of... 

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