Kalgoorlie open cast mine

First Major Cobalt refinery expansion study

The feasibility study for an expansion of the Glencore-backed First Cobalt refinery, in Ontario, Canada, is in the final stages and will be concluded in the coming weeks. Commenting on the current market developments, First Cobalt president and CEO Trent Mell said on Tuesday while the uncertainty owing to Covid-19 had put downward pressure on […]

Power Plant

US Trade and Development Agency supports coalbed power plant in Botswana

The U.S. Trade and Development Agency awarded a grant to Kalahari Energy Botswana for a feasibility study of a power plant that will generate up to 100 megawatts of electricity using indigenous coalbed methane. The project, located in the Central Kalahari Karoo Basin, will bring critically important additional power to Botswana’s electrical grid. Kalahari Energy […]

Apple

Apple to close US retail stores

Apple is temporarily closing all of its retail stores “outside of Greater China” until March 27th, CEO Tim Cook announced in a letter posted on the company’s website late Friday night. “The most effective way to minimize risk of the virus’s transmission is to reduce density and maximize social distance,” Cook wrote. “We are committed […]

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Nuclear organisation appoints Montwedi as executive secretary

Global nonprofit industry organisation, the International Youth Nuclear Congress (IYNC) has appointed Emmanuel Montwedi as its new executive secretary. Montwedi is a senior nuclear engineer and is currently serving as the deputy chairperson of the South African Young Nuclear Professionals Society, a national network of more than 500 members. In a statement issued on Friday, […]

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Morocco, Hungary concur on water development

The Minister of Equipment in Morocco, Abdelkader Amara, is on an official visit to Budapest, Hungary, where he will discuss means to strengthen bilateral cooperation in water management and road infrastructure. The working visit began Monday, March 9, and will wrap up on Wednesday, March 11. Amara is accompanied by a delegation of Moroccan experts […]

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Egyptian Engineer sentenced to 15 Years imprisonment

A court in Egypt on Monday sentenced a train engineer to 15 years in prison for his conviction on charges of manslaughter and damaging public property stemming from a deadly locomotive crash last year at the Egyptian capital’s main train station. An argument between engineers Emad Fathy and Ayman el-Shahat led to the unleashing of […]

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Dorsey, CEO of Twitter, cancels the trip to Africa

Twitter’s chief executive Jack Dorsey on Friday said he is rethinking plans to spend as long as six months in Africa, partly due to concerns over the new-coronavirus epidemic. The news came with Dorsey facing a challenge from an activist investor seeking to oust the social media executive, who is also CEO of the digital […]

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Power outages are dragging South Africa back into recession

Nationwide power cuts are blamed for pushing South Africa’s economy, the continent’s most industrialized, into recession, according to official statistics released Tuesday. The South African economy shrank by 1.4% in the fourth quarter of 2019 from the previous three-month period, after contracting by 0.8% in the third quarter, according to Stats SA. A recession is […]

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Development of engines on the African continent

An investment in 2007 in an acre of land in Juja, a small town 30 km north of Nairobi, would have earned a savvy speculator a return of 1 428% in 2019. That’s according to The Economist, which also cites an estate agency’s report that Nairobi’s land prices have risen sixfold in 24 of the […]

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Morocco, USA Explore New Opportunities for Cooperation in Water and Electricity

Director general of the National Office of Electricity and Drinking Water (ONEE), Abderrahim El Hafidi held, on Friday in Rabat, a working meeting with a US delegation, devoted to the exploration of collaboration and investment opportunities in the field of water and electricity in Morocco. The meeting is part of the strengthening of cooperation relations […]

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CUTTING-EDGE PRODUCTION FOR GLOBAL MARKETS AT FORD’S STRUANDALE ENGINE PLANT

The Ford Struandale Engine Plant in Port Elizabeth is home to two engine programmes currently, the latest and most advanced being the new-generation 157kW/500Nm 2.0 Bi-Turbo and 132kW/420Nm 2.0 Single Turbo engines that power the locally assembled Ford Ranger Raptor, as well as selected Ranger and Everest models. The introduction of the new diesel engine […]

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Africa Energy Forum 2020 to address Sustainable Development Goal on Energy and Impact of Energy Investment

The 2020 Africa Energy Forum (aef) (Africa-Energy-Forum.com) will welcome Chairwoman Damilola Ogunbiyi, CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All (SEforALL) and Co-Chair of UN-Energy, to officiate the opening sessions. Mrs. Ogunbiyi said: “Africa is a region full of promise and economic opportunity. Yet as we begin the final decade […]

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Libya’s Oil in Focus as United Nations Hosts Conference in Cairo

The United Nations began holding a Cairo conference to discuss Libya’s economy, about three weeks after a blockade of ports sent the OPEC nation’s oil production tumbling to its lowest level since the 2011 civil war. The two-day meeting is the latest in a series of international efforts to end the conflict between eastern commander […]

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OPEC Committee Recommends Fresh 600,000bpd Oil 

With crude oil prices shedding over $11 per barrel this year to $55, thus alarming the producers, a panel set up by the Organisation of Petroleum Exporting Countries (OPEC) and its allies have recommended a provisional cut of 600,000 barrels per day in oil supply to the international market, in response to the Coronavirus outbreak, […]

russia

Egyptian engineers attend training in Russia for construction of Dabaa nuclear power plant

Atomstroyexport, a subsidiary of Russia’s state-owned Rosatom, has organized a training course for Egyptian engineers in the western Russian city of Kursk, concerning construction of the nuclear power plant Kursk II in Russia, which began in 2018, and plans for the upcoming Dabaa nuclear power plant in Egypt. The first stage of the training course, […]

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Renewable energy: African Development Fund approves $35m to Liberian Govt

The African Development Fund has approved a $34.74 million grant and loan to boost renewable energy access and promote an attractive investment climate in Liberia. At a signing ceremony on 29 January in Monrovia, Dr. Orison Amu, the African Development Bank’s Country Manager in Liberia, and Samuel Tweah Jr., Liberia’s Minister of Finance & Development […]

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Cash-strapped Cell C to renew deal with Sharks

Cell C, which has defaulted on almost R3bn of debt, said on Wednesday it had renewed its sponsorship agreement with Sharks Rugby. “Our sponsorship over the last six years has proven exceptionally valuable as a brand engagement platform for our customers as we endeavour to connect with them through their passion whilst driving key brand […]

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South Africa Airways cancels flights in bid to save cash

Beleaguered national airline South African Airways (SAA) announced on Tuesday it was cancelling 10 domestic and one international flight in an effort to streamline services and save cash. The cash-strapped airline was last month placed under a state-approved business rescue plan to avoid its total collapse following a costly week-long strike by thousands of its […]