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TotalEnergies plans to exit South African offshore gas finds
Published: 02 Jul 24
TotalEnergies plans to exit its discoveries of gas-condensate off the tip of South Africa to prioritize exploration in other areas closer to Namibia, according to people familiar with the matter. The French giant braved one of the fastest ocean currents in the world to drill off South Africa’s coast, spending at least $400 million to find an estimated 1 billion barrels equivalent of light liquid hydrocarbon at the Brulpadda field in 2019. It had further success at the Luiperd well the following year, but neither discovery has progressed to development.
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SAB profiles impact of responsible consumption platform
Published: 02 Jul 24
At an event held at the group’s premises in Bryanston, Johannesburg, on July 2, beverage manufacturing group South African Breweries (SAB) showcased progress achieved by its responsible consumption platform SAB Sharp. The platform is built on comprehensive research and global best practices and is regularly reviewed with input provided by various stakeholders.
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IATA urges South Africa to prioritise country’s aviation sector
Published: 02 Jul 24
The global representative body for the airline industry, the International Air Transport Association (IATA), on Tuesday called on the new South African Government to continue to prioritise aviation sector development in the country, as a key impetus for economic growth and job creation. (With no party having won a majority in the recent elections, the country now had a new, broad-based, ruling coalition, called the Government of National Unity.) IATA was currently holding its Wings of Change ...
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UN calls for Potgieter, Huxham’s immediate release from Equatorial Guinea prison
Published: 02 Jul 24
The UN Working Group on Arbitrary Detention has called for the immediate release of South African engineers Frederik Potgieter and Peter Huxham, declaring in a formal opinion that the detention of the two men in Equatorial Guinea is arbitrary and illegal. The UN decision is a material finding that definitively confirms Potgieter and Huxham’s innocence, and that their ongoing detention in Equatorial Guinea, which is a signatory to the UN International Covenant on Civil and Political Rights, is a grave violation of various international human rights conventions, spokespersons for the engineers say.
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Lucara appoints mineral resources VP
Published: 02 Jul 24
Diamond miner Lucara Diamond Corp, which owns and operates the Karowe mine, in Botswana, has appointed Dr Lauren Freeman as mineral resources VP, with effective from July 1. In her new role, Freeman will oversee all aspects of mineral resource management for Lucara's flagship Karowe mine and will contribute to the company's overall development strategy.
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High hopes for potentially game-changing technology at platinum group metal mines
 Published: 02 Jul 24
Development of an innovative new mining method for narrow tabular steep dipping orebodies has reached an advanced stage after four years of effort. The reef boring machine that has already been put through its preliminary paces is viewed as having the potential to boost platinum group metals (PGM) grades through more selective mining, which then lowers unit costs, enhances safety, streamlines downstream materials – and looks like also conceivably being able to slash the size, risk and environmental impact of tailings storage facilities.
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ARM African Rainbow Minerals
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RFA concerned about lack of transport experience with new Ministers at DoT
Published: 02 Jul 24
While industry bodies such as Agri SA and the Minerals Council South Africa have welcomed the Ministerial appointments or reappointments to the departments that concern them, the Road Freight Association (RFA) is less optimistic about the new Cabinet appointments announced on June 30.
RFA CEO Gavin Kelly says in a statement issued on July 2 that some appointments raise concerns about political motivations, rather than a focused effort to address the country’s pressing issues.
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Major restructuring in global aerospace sector confirmed – Boeing, Airbus, absorb Spirit
Published: 02 Jul 24
In one of the most important merger and acquisition deals in the global aerospace sector in years, US-based Boeing has announced that it is acquiring another large US group, aerostructures manufacturer Spirit AeroSystems (Spirit), in an all-share deal valued at some $4.7-billion. Including the last reported net debt of Spirit, the total value of the deal was about $8.3-billion. The deal was complicated by the fact that Spirit had production contracts with other aerospace groups, not least Europe-based Airbus, producing major parts for the A200 and A350 families of airliners. That required Airbus to be involved in, and approve, the deal (otherwise, there would have been severe regulatory issues). These complicated negotiations have successfully born fruit, with Spirit’s facilities doing work for Airbus to be acquired by the European group. For these facilities, Airbus would pay a nominal $1 (one dollar) and actually receive a compensatory payment of $559-million from Spirit.
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Treasury says South Africa is making progress with measures to exit greylisting
Published: 02 Jul 24
The National Treasury says it is satisfied with the outcomes of intergovernmental body the Financial Action Task Force’s (FATF’s) plenary meeting outcomes, despite South Africa not being likely to exit greylisting before June 2025.
During its meeting, held in Singapore on June 28, the FATF did not discuss the delisting of South Africa from greylisting at this juncture, but rather focused on the progress having been made by South Africa in addressing action items.
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Hendrina Wind Farm, South Africa
Published: 28 Jun 24
Maydon Wharf precinct liquid bulk facility, South Africa
Published: 28 Jun 24
Kaminho deep-water project, Angola
Published: 28 Jun 24
Southern African country Botswana is developing its first satellite, in a joint programme between the Botswana International University of Science...
Metals, engineering sector pension boards undertaking due diligence for worker housing
Published: 04 Jul 24
Industry organisation the Steel and Engineering Industries Federation of Southern Africa (Seifsa) says the agreement to provide access to housing...
