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DTI to support South African companies participating in Africa Oil Week
Published: 20 May 19
The Department of Trade and Industry (DTI) will, for the first time, showcase 15 to 20 local companies in the South African National Pavilion at the Africa Oil Week, which will be held in Cape Town from November 4 to 8.   With the event focused on Africa’s upstream oil and gas sector, the DTI will use Africa Oil Week as a platform to outline the department’s commitments to the energy sector and re-emphasise the need for sustainable and equitable growth for local businesses.
KZN learners to represent South Africa in global water prize competition
Published: 20 May 19
Two learners from Star College High in Durban, KwaZulu-Natal, were announced as the winners of the twentieth national South African Youth Water Prize competition. Their Hydro-Conservation innovation, is aimed at reducing the quantity of water that is wasted in households across South Africa daily during showering and handwashing.
Ariana’s Kiziltepe reports solid start to 2019
Published: 20 May 19
Turkey-focused explorer and developer Ariana Resources on Monday reported that its Kiziltepe project produced 7 296 oz of gold during the quarter ended March 31, 2019, reflecting a solid start to 2019. Kiziltepe is part of the Red Rabbit joint venture with Proccea Construction and is 50%-owned by Ariana through its shareholding in Zenit.
Indian electricity regulator revives compensatory facility for coal-importing power companies
Published: 20 May 19
The Indian electricity regulator has amended rules to revive an erstwhile window through which domestic thermal power generation companies were able to claim compensation for the additional costs of importing coal in the case that State-miner Coal India Limited’s (CIL’s) failed to meet supply obligations. The Central Electricity Regulatory Authority's move in effect revives the compensatory model available to domestic thermal power companies between 2013/14 and 2016/17 under which the companies were reimbursed higher costs incurred in importing coal to meet shortfalls in supply from CIL.
SolGold announces PEA results for Alpala SolGold announces PEA results for Alpala
Published: 20 May 19
LSE- and TSX-listed SolGold on Monday published the results of a preliminary economic assessment (PEA) for the Alpala copper/gold/silver deposit at the Cascabel project, in northern Ecuador. The study estimated a “low” start-up capital expenditure of $2.4-billion to $2.8-billion and a “high” net present value range of $4.1-billion to $4.5-billion, at an 8% discount, which the company said signified “outstanding financial metrics” for a project of its.
Researchers see manganese helping fuel cells down cost curve Researchers see manganese helping fuel cells down cost curve
Published: 20 May 19
A new manganese-containing material may contribute to platinum-using hydrogen fuel cells being driven down the cost curve. The new material, made from manganese hydride, is being earmarked for use in molecular sieves that work with the fuel cells in hydrogen fuelled systems that generate electricity. Science Daily quotes Professor David Antonelli, the physical chemistry chairperson at Lancaster University, as saying the use of manganese-based sieves may result in hydrogen fuel cell systems costing many times less than lithium-ion batteries used in electric vehicles.
Tanzania fines Acacia Mining $2.4m over alleged pollution
Published: 20 May 19
Tanzania's mining minister said on Monday Acacia Mining had been fined 5.6-billion Tanzanian shillings ($2.4-million) for alleged pollution at its North Mara mine. Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania.
Zambia files 'notification' of plans to take over Vedanta assets
Published: 20 May 19
Zambia’s government filed notification of plans to take over Vedanta Resources’s domestic copper assets, President Edgar Lungu said. The move marks an escalation in tension between the government and mine owners, after Lungu last week threatened to “divorce” Vedanta and Glencore, two of the biggest employers in Africa’s second-largest copper producer. Relations have been simmering after the state earlier this year increased royalties and unveiled a plan to overhaul the value-added tax system.
Amplats dismisses half of Mototolo’s underground employees amid unprotected strike Amplats dismisses half of Mototolo’s underground employees amid unprotected strike
Published: 20 May 19
Platinum miner Anglo American Platinum, headed by Chris Griffith, has dismissed half of the Mototolo mine’s underground employees amid an unprotected strike, but has given the dismissed employees until May 21 to appeal the decision. Employees at the mine affiliated with the General Industrial Workers Union of South Africa embarked on the strike on May 12.
Controversial Australia coal mine boosted after shock vote Controversial Australia coal mine boosted after shock vote
Published: 20 May 19
A surprise election victory for Australia’s pro-coal ruling Coalition is ratcheting up pressure on the Queensland state government to approve development in one of the biggest untapped reserves of the fossil fuel. Adani Group’s Carmichael coal project is located in Australia’s huge Galilee Basin, which if fully developed, has the potential to more than double Australia’s thermal coal exports. But the project, first proposed in 2010, has been hampered by regulatory delays and difficulty in securing financing amid a passionate environmental protest movement.
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