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Firm says at least 32 companies likely to delist from South Africa’s exchanges this year

By: Marleny Arnoldi     5th July 2022 South Africa’s stock exchanges are set to experience a few delisting’s in the remainder of the year, which is likely to take the full-year total to at least 32. Consultancy AmaranthCX reports that South Africa had 332 listed companies at the start of the year, across the JSE and three other... 

Ensuring pump reliability in abrasive service

1st July 2022 Maintaining and improving reliability of pumps used to transport abrasive media can be challenging in high-energy applications with players in the oil and gas industry aiming to optimise performance and minimise downtime. Fluid engineering company Sulzer says these objectives can be met through... 

Manufacturer now offers new stainless steel braided hose

1st July 2022 Earlier this year, industrial hose specialist Truco announced it had started manufacturing stainless steel braided hose at its Chamdor campus in Johannesburg, Gauteng. Initial capabilities are for hose assemblies from 6 mm to 25 cm in diameter. 

UK coal mine's climate impact is 'indefensible', watchdog says

By: Bloomberg     29th June 2022 Plans to build the UK’s first deep coal mine in three decades are “absolutely indefensible” because the resulting pollution would blow holes through the nation’s pledge to reduce emissions by 2050, the climate change watchdog said. The government is expected to decide next week whether to allow... 

G7 agrees to study Russian energy price caps

By: Reuters     28th June 2022 G7 leaders have agreed to study placing global price caps on imports of Russian energy to curb Moscow's ability to fund its invasion of Ukraine and to contribute up to $5-billion to address global food insecurity, officials said on Tuesday. The war in Ukraine and its dramatic economic fallout,... 

G7 to allow fossil-fuel financing if climate pledges are kept

By: Bloomberg     28th June 2022 Group of Seven (G7) nations are set to allow some exceptional public financing of overseas fossil-fuel projects to continue provided that the investments are consistent with prior climate-change agreements, according to people familiar with the matter. The final text of the leaders’ statement,... 

Norway, EU agree closer cooperation on batteries, raw materials

By: Reuters     27th June 2022 Norway and the European Union will closely cooperate on battery value chains and raw material supply as part of efforts to tackle climate change, they announced during a Norway visit by European Commission Vice President Maros Sefcovic. Sustainable value chains for minerals, metals and batteries... 

Biden urges G7 to stay together as leaders target Russian gold, oil price

By: Reuters     27th June 2022 US President Joe Biden told allies "we have to stay together" against Russia on Sunday as G7 leaders gathered for a summit dominated by war in Ukraine and its impact on food and energy supplies and the global economy. At the start of the meeting in the Bavarian Alps, four of the Group of Seven... 

Woodside to face environmental group in court

By: Esmarie Iannucci     22nd June 2022 Oil and gas major Woodside will be facing the Federal Court of Australia in relation to the environmental assessment of its Scarborough project, in Western Australia, after the Australian Conservation Foundation (ACF) commenced proceedings. The ACF said on Wednesday that its case in the Federal... 

War derails plan to ditch coal after UK championed global cuts

By: Bloomberg     20th June 2022 When the COP26 climate talks concluded in November, UK Prime Minister Boris Johnson declared the world had reached a point of no return in phasing out coal. At the same time, Ukrainian Foreign Minister Dmytro Kuleba warned Europe that Russia was amassing forces near its border. Those seemingly... 

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