Record high petrol price hike hits South Africans
The cost of petrol increased by 28 cents a litre at midnight on Tuesday
Sectors - Energy
Southern Africa climate change centre to launch
Five countries sign agreement for centre in Windhoek, Namibia to open
Shell forced to increase bid for Cove Energy
Anglo-Dutch company makes an increased offer of $1.6 billion for Mozambique-focused Cove Energy
South Africa's dirty feet - counting carbon emissions
A look at the carbon intensity ranking of the country's top 40 firms
SA wind farm atlas launched
Department of Energy releases first verified renewable energy atlas online
Eskom decrease in price hike welcomed by businesses
Power utility cuts increased rate by almost 10 percent for 2012/13 financial year
Tata Power and Exxaro partner for energy joint venture
Power companies unite to create 50/50 energy venture Cennergi to launch in April
Standard Chartered backs biomass producer AfriRen
AfriRen expects to double total biomass exports from Africa to Europe by 2016
Africa's greenest major cities are in north and south
Siemens publishes African Green City Index, with three South African cities performing 'above average'
SA and DRC on brink of hydro-power partnership
Two countries will sign agreement this weekend to start project worth billions of dollars
Biofuel scam hits South Africa
KwaZulu-Natal government warns public not to buy plants from conmen
Indian firm gets go-ahead for $3b Mozambique plant
India's Jindal Steel & Power to build 2,640 megawatt plant in Tete by 2015
Sasol's new plant to cut emissions by one million tonnes
SA petrochemicals group will spend R1.8 billion on new plant in Sasolburg
Renewable energy firm targets west African projects
Africa Renewables aims for more investment to launch additional biomass projects
Greenpeace Africa's dirty protest at Eskom HQ
Environmental group dump coal outside South Africa's power utility offices
R200m boost for Durban climate change conference
South Africa awarded R200m to fund November climate change conference in Durban
China boost for SA renewable energy
China has said it wants to co-operate more with South Africa to help improve its renewable energy output
SA will 'learn lessons' from Japan nuclear disaster
Minister says plans for nuclear plants still on course despite Fukushima meltdown
Eskom plants due to reopen after protests
South Africa's power utility hope to continue construction on two sites early next week
Sudan Power Going Nuclear in 2020
The Sudanese government recently announced its plan to build the country’s first nuclear reactor and a forthcoming nuclear power plant in 2020, the state news agency SUNA reported.
Tullow Oil Has an Elephant Named ‘Jubilee' in Ghana
Lions may rule the jungle, but in the oil and gas industry, the elephant is king.
That’s because oil fields that are believed to hold a billion barrels or more of recoverable reserves are called “elephants”. When explorers come across one of these giant fields, it’s a big deal...pretty much like the first time you saw Titanic.
Sept 2-4: African Green Revolution Forum in Accra
Welcome drums were a-thumping and agricultural giants were a-rising. And just like that, the tone was set for the inaugural African Green Revolution Forum at the Accra International Conference Centre in Ghana.
Phaesun provides Mozambique with solar energy
The Germany-based offgrid specialist started the project on Mozambique’s rural electrification in the parish of Pessene on 23 July.
On 22 July, Phaesun had built up the first Pico systems, small offgrid systems with a capacity of up to 10 watts, included in the project.
BHP Billiton competes for Potash
On August 20, BHP Billiton announced that an indirect wholly-owned subsidiary of BHP Billiton Plc, BHP Billiton Development 2 (Canada) Limited, commenced the previously announced offer to acquire all of the issued and outstanding common shares of Potash Corporation of Saskatchewan Inc., at a price of $130 in cash per PotashCorp common share.
Egypt plans water facility improvements
The Ministry has been making continuous efforts in developing the water facilities built along the Nile and its branches to make the optimal use of the water resources needed to achieve a sustainable development.
Goldplat announces Kenya update
Following the conditional approval of the Mining Lease for its Kilimapesa Hill gold mining project, the AIM quoted gold producer received permission to commence commercial gold production, while it awaits the finalisation of the mining lease.
Africa Oil, AOS: assignment approved
The Minister of Energy for the Republic of Kenya has approved the assignment, from Platform Resources Inc, a wholly-owned subsidiary of AOS, to Africa Oil Kenya B.V., a wholly-owned subsidiary of Africa Oil, of Platform's 100 percent interest in Blocks 12A and 13T in Kenya.
14th SARCOF takes place this month
Operating under the theme ‘seasonal climate prediction, a strategic planning tool in sustainable socio-economic development’, the 14th Southern Africa Climate Outlook Forum (SARCOF-14) will take place in Harare, Zimbabwe, 26-27 August 2010.
CAG enters facility agreement
The facility agreement will provide CAG, a AIM quoted gold mining company with a portfolio of production, development and exploration assets primarily in Zimbabwe, with up to $2 million to support its Zimbabwean mining operations.
CAG operates through two subsidiaries, Falcon Gold Zimbabwe Limited, 84.7 percent owned, and Olympus Gold Mines Limited, 100 percent owned.
Total launches CLOV development
The project marks the fourth development pole in Angola’s deep offshore Block 17, after Girassol, Dalia and Pazflor. CLOV’s development plan uses technologies that have already proven effective on Girassol, Dalia and Pazflor.
Goldplat's gold operations performing well
In a statement released today, the AIM-listed gold producer revealed that its South African and Ghanaian gold recovery processing operations are continuing to perform strongly.
ERC signs $2.6bn debt package for refinery
Today, Citadel Capital Corp., the biggest publicly traded Egyptian private equity firm, said one of its units, the Egyptian Refining Company (ERC), obtained a $2.6 billion loan to finance the construction of its state-of-the-art $3.7 billion second-stage oil refinery in the Greater Cairo Area.
Côte d'Ivoire hopes to increase gold output
According to a government official, the Republic of Côte d'Ivoire is hopeful that it will increase its gold output three fold as three new mines, including Randgold Resources' Tongon development, start up.
Diamonds for whole of Zimbabwe
Mugabe had previously commented that “there are huge prospects for the diamond sub-sector to emerge as a major driver of the country's economic turnaround”, and has recently stressed that the greed of individual politicians must not play out.
Electricity demand drives steam turbine market
The business research and consulting firm’s research report, entitled ‘The Sub-Sahara African Steam Turbine Market’, investigates growth in the installed capacity, number, and revenue earnings of steam turbines within Sub-Sahara African for the period 2007 to 2014.
New diamond polishing plant in SA
Currently, only 2 percent of local diamonds are processed in South Africa. But that is now set to change.
Nigeria and Liberia sign oil deal
The Liberian authorities have ratified a ’purchase and sale’ agreement with Nigeria through which the Nigeria National Petroleum Corporation (NNPC) is to provide 20,000 barrels of crude oil per day to the Liberia Petroleum Refining Corporation (LPRC).
Chromex clears up speculation
The FT said that Chromex Mining plc had received a bid approach pitched at approximately £0.30/sh and that other predators were stalking the company.
Following this, Chromex has announced that it has received a preliminary approach which may or may not lead to an offer for the entire issued share capital of the company at £0.35/sh.
New deal allows Mugabe to export some diamonds
Zimbabwe will be able to sell some of its diamond stockpiles under the terms of the deal. Following a review of worker conditions in the Marange diamond fields, Zimbabwe may be able to resume full exports by September.
Mugabe to sell diamonds despite sanctions
Despite the Kimberley Process diamond certification scheme having not authorized international sales amid allegations of killings, human rights violations and corruption in the Eastern Zimbabwe diamond fields, Mugabe has said the diamond sales have "huge potential" to revive the economy.
BUSA concerned over ESKOM dispute
BUSA, which represents South African business on macro-economic and high-level issues that affect it at national and international levels, has said that it is “deeply concerned at the prospect of industrial action at ESKOM”.
Sasol settle pricing case
Sasol Chemical Industries Limited division, Sasol Nitro, has concluded a settlement agreement with the Competition Commission of South Africa, which is scheduled to be considered by the Competition Tribunal on 14 July 2010.
Anglo Platinum Chairman announced
Cynthia Carroll’s appointment, which will take effect from 1 September 2010, follows Fred Phaswana’s resignation as Chairman of Anglo Platinum with effect from 31 August 2010.
Africa's potential wealth: $1.7 trillion
The study was conducted by Africa Investor, which supplies a broad range of investment data, research, broadcast and published content to a growing number of investors with interests in Africa, and The Africa Group, a consulting, research, and advisory firm focused on economic growth and investment across Africa.
Morocco opens Africa's largest wind farm
The King of Morocco, Mohammed VI, inaugurated the wind farm in Melloussa, Northern Morocco at the beginning of the week.
BHPB unaffected by revised resource tax
The proposed Mineral Resource Rent Tax (MRRT) is expected to be effective July, 2012, and includes numerous revisions to the previously-announced Resource Super Profits Tax (RSPT) that are far less harsh for BHP Billiton - the world's largest diversified natural resources company.
Blackout threatens SA as ESKOM talks fail
Yesterday, Unions at Eskom rejected the organisation’s latest offer of an 8.5 percent wage increase and a R1,000 housing allowance on Tuesday night.
Solidarity has demanded that ESKOM revise the offer once again. “We need more time to discuss with our members. We believe there’s still room for negotiations,” said Solidarity General Secretary, Flip Buys.
