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Strike halts gold output at two Randgold mines in Mali – union
Published: 19 Apr 18
A workers' strike in Mali has halted gold production at two mines run by Randgold Resources since Wednesday, a senior union official told Reuters on Thursday. The strike at the Loulo and Gounkoto mines was related to the payment of bonuses and would continue until the issue was resolved, said Mamadou N'Daou, the administrative secretary of the industry and mines union SECNAMI.
EVs not yet a market force to disrupt oil demand growth
Published: 19 Apr 18
Short-term oil demand is still growing strong and will continue to do so through the end of 2020, a trend taking place despite the market’s increasing focus on electric vehicles (EVs) and the forecasted future plateau in oil demand, according to a new report from IHS Markit’s oil and gas team. Refined product demand growth has averaged 1.2-million barrels a day over the last five years, and current global total liquids oil demand growth is at similar levels to what was recorded during the 2003 to 2007 commodity super-cycle, referred to as the ‘golden age‘ of refining.
Illegal mining threatens Johannesburg infrastructure – Mashaba
Published: 19 Apr 18
Johannesburg mayor Herman Mashaba said on Thursday he was concerned about apparent inaction by the national government to curb illegal mining which threatened critical bulk infrastructure and posed an imminent disaster in the city of Johannesburg. Mashaba said the activities could also contaminate the city’s water supply and had resulted in tremors, risking the structural integrity of roads and adjacent residential communities and businesses.
Gauteng province to streamline approval process for projects to boost investment – MEC
Published: 19 Apr 18
The Gauteng provincial government is working at streamlining the process of assessing the environmental impact of projects in order to speed up the approval process for businesses and encourage investment, its member of the executive council for economic development, environment, agriculture and rural development said on Thursday. Lebogang Maile said the provinvial government had slashed the time taken to complete the environmental impact assessment (EIA) of projects to 90 days from 24 months, and that this would be cut further to 30 days.
Solidarity alleges mismanagement of funds at Denel Solidarity alleges mismanagement of funds at Denel
Published: 19 Apr 18
Trade union Solidarity on Thursday alleged in a report titled ‘Denel Dossier’ that State-owned aerospace and defence group Denel’s top management received increases of up to 60% in their salaries, as well as 100% performance bonuses last year, while there were insufficient funds to pay employees their full salaries in December. Solidarity further expressed concern that about 700 job opportunities may be jeopardised as a result of the financial problems at the beleaguered State-owned entity.
Oanda awarded EPC contract for Nigeria’s AKK pipeline
Published: 19 Apr 18
JSE-listed Oando together with Oilserv have been awarded the engineering, procurement, construction (EPC) mandate for the Ajaokuta – Abuja portion of the $727-million Ajaokuta-Kaduna-Kano (AKK) pipeline system by the Nigerian National Petroleum Corporation (NNPC). The contract award follows an extensive due diligence process conducted by the NNPC following a submission by Oando and Oilserv in 2013 in response to an expression of interest for a contractor-financed EPC development of the pipeline project.
Aura targets Sweden battery project listing in H2
Published: 19 Apr 18
Plans are advancing for the separate listing of explorer Aura Energy’s Häggån polymetallic project, in Sweden, with completion targeted for the second half of the year. The company would initially maintain an ownership of 70% to 80% in the vanadium initial public offering (IPO) spin-off, but said in an update on Thursday that it would consider further third-party investments or sell-downs as value accrued in the vehicle over time.
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