Sasol agrees to sell 30% interest in ROMPCO to an acquisition vehicle

MOZAMBIQUE- Energy and chemical company Sasol South Africa (SSA), a subsidiary of Sasol, has concluded a sale and purchase agreement (SPA), to sell a 30% equity interest in the Republic of Mozambique Pipeline Company (ROMPCO), subject to pre-emptive rights by other shareholders. In a statement, Sasol said ROMPCO is a joint venture between SSA (50%), Companhia Mocambiçana de Gasoduto S.A. S.A.R.L (CMG) (25%) and South African Gas Development Company (SOC) Limited (iGas) (25%). The joint venture owns the 865km gas transmission pipeline from Mozambique to South Africa. The company said…

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GoldStone Resources commences mining and ore stacking at the Homase mine

GHANA – GoldStone Resources has commenced mining and ore stacking at the Homase mine within its Akrokeri-Homase gold project (AKHM) in Ghana, with the first mined ore having been successfully stacked onto the heap leach pad. This follows the pre-stripping and clearing of the Homase mine site, which the company says is continuing to perform well. The daily mining rate and the growth in the primary and secondary run-of-mine stockpiles are performing at or above the targeted levels. CEO Emma Priestley says the stacking of ore onto the heap leach…

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Heritage Bank to invest US$841bn in Dukia Gold & Precious Metals

NIGERIA – Heritage Bank Plc is set to unlock N344 trillion (US$841.67bn) market worth of gold after a collaboration with Dukia Gold & Precious Metals Refining Co. Limited and concluded plans of being listed on the Lagos Commodities and Futures Exchange. The bank said the move would expand revenue in the non-oil sector through diversification, by stimulating growth in solid minerals in line with the objectives of Economic Recovery and Growth Plan and would also put Nigeria on the global map with regards to standardized gold tracing, sourcing procurement and…

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Kgatelopele Lime acquires PPC Lime for US$39.1m

SOUTH AFRICA – IMR, the global commodities trader with ownership of mining assets and steel production facilities, has announced the US$39.1 million acquisition of PPC Lime in South Africa along with a consortium of investors. Anirudh Misra, Chairman of IMR, commented: “After an extensive tender process, we are pleased to have presented a sustainable and transparent structure to carry these operations forward. Through our previous acquisition of the Sedibeng Iron Ore mine in the Northern Cape, South Africa, we have shown ourselves to be willing investors in South African mineral…

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Swedish engineering company Sandvik AB to acquire African OEM Kwatani

SOUTH AFRICA – Swedish mining and construction equipment and services company Sandvik Group will acquire African original-equipment manufacturer (OEM) of custom-engineered vibrating equipment Kwatani. The transaction is expected to be finalised in the fourth quarter of 2021, subject to regulatory approvals and other customary conditions. “Kwatani’s production facility, in Johannesburg, is set to become a global engineering and manufacturing base for vibrating screens and feeders for both local and international customers,” said Kwatani CEO Kim Schoepflin. “Customers in the vibrating equipment industry will benefit enormously from the combined resources of Sandvik and…

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Total commences production from Zinia Phase 2 short-cycle project

ANGOLA – Broad energy company Total, operator of Block 17 in Angola, together with the Angolan National Oil, Gas and Biofuels Agency, have announced the start of production from Zinia Phase 2 short-cycle project, connected to existing Pazflor’s FPSO (Floating Production, Storage and Offloading unit). The project includes the drilling of nine wells and is expected to reach a production of 40,000 barrels of oil per day by mid-2022.  Located in water depths from 600 to 1,200 meters and about 150 kilometres from the Angolan coast, Zinia Phase 2 resources…

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Heirs Oil & Gas announces appointment of CEO, non-executive board

NIGERIA – Heirs Oil & Gas (HHOG), an African integrated energy company, has announced the appointment of Osayande Igiehon as Chief Executive Officer, together with a distinguished non-executive board. Mr. Igiehon joins from the Royal Dutch Shell (Shell), where he was previously a Vice-President with the Group in the Hague, Netherlands. He brings over twenty-seven years of experience and expertise in the oil and gas sector with Shell, where he held a series of senior management positions. Mr. Igiehon previously served as Chairman and Chief Executive Officer of Shell Gabon,…

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Mining company Gold Fields’ board gives green light to South Deep solar project

SOUTH AFRICA – the Board of Directors Gold Fields, one of the world’s largest gold mining firms, has given the green light for the construction of a 40MW solar plant at the South Deep mine in South Africa. The move follows the granting of a licence by the National Energy Regulator of South Africa on 25 February 2021. The 40MW solar plant will generate over 20% of the average electricity consumption of the mine and  will comprise 116,000 solar panels and cover a 118 ha and will be on mine…

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Siemens Energy, Turboden to develop gas compressor station in Egypt

EGYPT – Siemens Energy, working with Turboden S.p.A., a Mitsubishi Heavy Industries Group Company, started development on the GASCO Dahshour gas compressor station (GCS) in Egypt. The GCS will increase gas compression by 25%, without further fuel consumption, while reducing CO2 emissions by 120’000 tons per year. Siemens Energy will supply 20 MWe electric motor driven (EMD) compressors, which will be coupled with Turboden’s 28MWe Organic Rankine Cycle (ORC) system, which is the largest high-temperature ORC system ever built. The GASCO Dahshour GCS project is a first of its kind.…

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Perseus Mining Ltd releases its CY20 Sustainable Development Report and future plans

WEST AFRICA – Perseus Mining Limited, a gold producer, developer and explorer, has released its CY20 Sustainable Development Report that details the company’s progress over the past 12 months. The company has recorded great progress in its 2020 sustainability report as it moves forward in delivering sustainable gold production of 500,000 ounces per annum by financial year 2022. It reports its delivery on its commitment to responsible mining operations in Côte d’Ivoire and Ghana, including an overall economic benefit to host countries totalling about USD$385 million. The report confirms the…

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