Chevron to close oil refinery for maintenance
“Chevron has made contingency plans to mitigate potential constraints on the supply of fuel throughout the maintenance and safety inspection period,”
Chemistry
Zimbabwe gold mines face collapse on weak bullion price
Zimbabwe’s gold mining firms are making losses due to weak bullion prices and could collapse unless the government reduces royalties for producers, the Chamber of Mines said.
Northam Platinum says wildcat strike hits Zondereinde mine
Workers have downed tools in a wildcat strike at Northam Platinum’s flagship Zondereinde mine in South Africa’s northern Limpopo province, the company said on Wednesday
Competition Commission conducts “Dawn Raid” on AECI
R16.5bn chemicals group AECI this morning confirmed that a Dawn Raid by the Competition Commission took place at its business, Akulu Marchon, yesterday.
Japan’s Mitsui set to buy 15% of Vale’s $3bn Mozambique coal project
Japanese trading house Mitsui & Co is set to buy a stake in Vale’s Moatize coal project in Mozambique, according to two sources close to the situation.
Zimbabwe considers removal of tax on locally polished diamonds
Zimbabwe is considering removing tax royalties on locally cut and polished diamonds as part of government plans to add value to minerals and attract investment in the sector, the Minister of Mines Walter Chidhakwa said on Thursday.
Glencore copper output up 8 pct, trading in line with plans
Glencore posted a 8 percent increase in copper output in the first nine months of the year thanks to strong production from its African operations and said its trading arm performed in line with its expectations.
SA Midday Market Update
The Jse All-share index is extending gains this morning having added 0.8% as the global market rebound persists as concerns over global growth subside for the time being
Sasol gives go-ahead for $8.1bn U.S. ethane cracker
Sasol has taken the final investment decision on an $8.1 billion ethane cracker it plans to build in Louisiana, the company said on Monday.
RBCT clamp on release of export data
The decision by the historically transparent Richards Bay Coal Terminal to stop the usual free flow of the facts and figures on its operations speaks volumes for how sharp the competition has become in world seaborne coal.