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Implats expects to narrow H1 losses
Published: 19 Feb 18
Impala Platinum (Implats) expects to narrow its headline loss a share for the six months ended December 31 to between 17c and 26c, compared with the headline loss a share of 71c reported for the six months to December 31, 2016. Its loss a share is also expected to improve to loss of between 19c and 28c, compared with a loss of 52c in the prior comparable period.
Colombia coal output down slightly in 2017 to 89.4Mt Colombia coal output down slightly in 2017 to 89.4Mt
Published: 19 Feb 18
Colombia, the world's fifth-largest exporter of coal, produced 89.4-million tonnes in 2017, down 1.2% from output the year before, the Energy and Mining Ministry said in a statement on Monday. The country produced 90.5-million tonnes in 2016.
Sibanye-Stillwater’s gold, platinum reserves decrease
Published: 19 Feb 18
Precious metals producer Sibanye-Stillwater on Monday reported that its South African gold reserves had decreased by 10% year-on-year to 25.74-million ounces as at December 31, while its total platinum, palladium, rhodium and gold, or 4E, platinum group metal mineral reserves had declined by 4% year-on-year to 22.36-million ounces.
Public-private partnerships key for gas infrastructure development in SADC region
Published: 19 Feb 18
Public-private partnerships are key to developing gas supply projects in the Southern African Development Community (SADC), Nepad Business Foundation (NBF) Africa infrastructure programme manager Peter Varndell said on Monday. Speaking at the Africa Gas Forum, in Johannesburg, he said there was strong gas supply potential in the SADC region, but a weak market to deliver to within SADC’s borders.
Eskom board called on to prove utility not trading recklessly Eskom board called on to prove utility not trading recklessly
Published: 19 Feb 18
The Institute for Accountability in Southern Africa has written to Eskom chairperson Jabu Mabuza requesting a detailed written explanation as to why the current board believes the State-owned utility can be rescued from its current financial distress, cautioning that Eskom may currently be trading “recklessly” in terms of the legislation governing companies in South Africa. Campaigning as Accountability Now, the institute asserts that Eskom is both insolvent and illiquid, making it unlikely that it will be able to meet operational costs and long-term debt obligations.
Africa not making the most of its gas reserves
Published: 19 Feb 18
Only 8% to 10% of Africa’s known gas reserves are being priortised, despite the fact that gas reserves on the continent are abundant, Catalyst Capital managing partner Adero Okudo said on Monday. Speaking at the Africa Gas Forum, in Johannesburg, she said there were only two crossborder pipelines operational in Africa.
Mogalakwena gushes cash as Amplats modernises, studies growth, advances fuel cell Mogalakwena gushes cash as Amplats modernises, studies growth, advances fuel cell Has Video
Published: 19 Feb 18
The Mogalakwena platinum mine lived up to its reputation of being the most profitable platinum group metals (PGM) mine on the planet when it gushed cash and elevated a modernising, community supporting, environment protecting, growth studying and fuel-cell marketing Anglo American Platinum (Amplats) well in the money. The opencast platinum mine on the northern limb of the Bushveld Complex gushed R4-billion worth of free, unfettered operating cash flow, achieving a nigh 50% profit margin on a depressed platinum price of only $950/oz. (Also watch attached Creamer Media video).
Legacy issues, poor Q1 affect Rolfes' H1 earnings
Published: 19 Feb 18
Black-empowered chemical group Rolfes' financial results for the six months ended December 31 were negatively affected by legacy issues and a poor first quarter, resulting in headline earnings halving to R23.62-million, from R48.23-million in the six months to December 31, 2016. Revenue from continuing operations decreased by 7.8% to R734-million, compared with revenue of R796.4-million generated in the six months to December 2016.
Koeberg participating in development of other desalination projects Koeberg participating in development of other desalination projects
Published: 19 Feb 18
Apart from its recently announced temporary desalination plant, the Koeberg nuclear power station is working on a range of desalination projects, including a detailed feasibility study with the City of Cape Town on a large-scale desalination plant. If the feasibility study is successful, it will be followed up with a large-scale seawater desalination plant.
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