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Thor Explorations posts $4.1m net profit for the third quarter

By: Schalk Burger     30th November 2022 Aim-listed mineral exploration company Thor Explorations (THX) says gold sales generated revenue of $55.7-million for the quarter ended September 30, and $121.9-million for the nine months ended September 30. The company achieved net profit of $4.1-million for the quarter and $10.4-million for... 

South Africa unveils R300bn green-hydrogen pipeline as it states ambition to be ‘destination of choice’ 

By: Terence Creamer     29th November 2022 A R300-billion investment pipeline has been identified under South Africa’s Green Hydrogen National Programme, which has been designated as a Strategic Integrated Project (SIP) for accelerated development under the country’s Infrastructure Development Act. Speaking at the South Africa Green... 

China commodities sink as Covid spread, protests worsen outlook

By: Bloomberg     28th November 2022 Commodities sank as China’s Covid outbreak worsened and a series of stunning street protests in cities across the nation threaten to derail economic activity and sap demand for energy and raw materials. Base metals in London and Shanghai dropped, with Chinese copper futures declining as much... 

Groundbreaking for R1bn fuel cell factory set for first quarter of 2023 

By: Martin Creamer     22nd November 2022 A bankable feasibility study has opened the way for the building of a factory for the local manufacture of fuel cells that are designed to provide low-carbon electricity to decentralised users at affordable prices throughout the African continent. Innovative South African Mitochondria Energy... 

IPR

22nd November 2022 Established seven years ago, IPR (previously known as Integrated Pump Rental), is growing rapidly with a rental fleet that tripled since 2021. The company is the sole agent in southern Africa for the globally recognised Sykes range of diesel-driven pump sets and can also supply other brands such... 

Eskom presents 6 000 MW fleet recovery plan, but describes 75% EAF target as ‘daunting’

By: Terence Creamer     15th November 2022 Electricity utility Eskom has outlined a plan to deliver 6 000 MW of much-needed capacity over the coming two years from its own fleet, primarily by recovering production at six underperforming coal stations and also by completing its much-delayed build programme. However, the utility again... 

Remote hydrogen microgrid launches in WA

By: Esmarie Iannucci     15th November 2022 Australia's first remote renewable hydrogen microgrid has launched in Denham in Western Australia's Gascoyne region. Once fully operational in early 2023, the A$9.3-million Denham hydrogen demonstration plant is expected to be able to power the average demands of 100 households or 20% of... 

Caledonia starts operating solar plant at Blanket mine

By: Marleny Arnoldi     14th November 2022 Dual-listed Caledonia Mining Corporation’s solar plant at the Blanket gold mine, in Zimbabwe, started operating on November 14 and will soon supply about 27% of the mine’s average daily electricity demand. The mine, however, still receives the majority of its electricity from Zimbabwe’s... 

Specialist recommends bearings for extreme conditions

11th November 2022 Industrial equipment supplier BMG specialists recommend HKT split cylindrical roller bearings for dependable use in extreme conditions, including applications above ground, underground and in underwater environments. BMG’s high-performance HKT split cylindrical roller bearings – which have been... 

Eskom’s new grid plan says 53 GW of new generation capacity must be connected by 2032 

By: Terence Creamer     11th November 2022 Eskom’s latest Transmission Development Plan (TDP2022) includes assumptions that deviate materially from those contained in the outdated Integrated Resource Plan of 2019 (IRP2019) and points to the need for a significant acceleration in grid-related investments to facilitate the integration of 53... 

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