Agnieszka's Feed
May 31, 2012

S.Africa crude imports from Iran down 43 pct in April

JOHANNESBURG, May 31 (Reuters) – South Africa’s crude oil
imports from Iran fell 43 percent to 286,072 tonnes in April
from the previous month, customs data showed on Thursday,
indicating Pretoria could be cutting shipments to avoid looming
U.S. sanctions.

South Africa has come under Western pressure to cut Iranian
crude imports as part of sanctions designed to halt Tehran’s
suspected pursuit of nuclear weapons, but the response from
diplomatically non-aligned Pretoria has been unclear for months.

May 14, 2012

S.Africa battles to keep blackouts at bay

JOHANNESBURG, May 14 (Reuters) – It is five o’clock in the
evening in South Africa and the computer dials at the
nerve-centre of state electricity firm Eskom are cranking
towards the red as millions of people get home and turn on their
heating, hot water and cookers.

In the next two hours, demand will jump sharply, pushing the
grid towards its limits and a repeat of the emergency rolling
blackouts, known as ‘load-shedding’, that wreaked havoc on
Africa’s biggest economy in 2008.

May 11, 2012

S.Africa court grants govt, ICT leave to appeal

PRETORIA, May 11 (Reuters) – A South African court on Friday
granted the mining ministry and politically connected Imperial
Crown Trading (ICT) the leave to appeal in a mineral rights case
against Kumba Iron Ore and ArcelorMittal South Africa
.

The decision could drag out a complicated case for partial
rights at one of the world’s largest iron ore mines. Critics
have said they were given to ICT – a company with no mining
experience but with business links to President Jacob Zuma’s son
- in a sweetheart deal.

May 9, 2012

Amplats launches fuel cell-powered locomotive

KHOMANANI MINE, South Africa, May 9 (Reuters) – Anglo
American Platinum, the world’s top producer of the
precious metal, on Wednesday launched what is said is the first
fuel cell-powered mining locomotive, showing the technology’s
potential as a clean energy source.

The prototype – quiet, blue in colour and with the sharp
angles of a Lego toy – is one of five fuel cell locomotives that
will be tested for underground use at one of Amplats’ mines.

May 3, 2012

Mondi Q1 down y/y, sees volumes picking up

JOHANNESBURG, May 3 (Reuters) – South African papermaker
Mondi on Thursday posted a drop in first-quarter
underlying operating profit due to lower prices and volumes, but
said demand for its products was picking up.

Mondi, also listed in London, said first-quarter
underlying operating profit fell to 120 million euros ($157.82
million), compared with 179 million in the same period last
year.

Apr 30, 2012

S.Africa ups oil from Iran despite US pressure

JOHANNESBURG, April 30 (Reuters) – South African crude oil
imports from Iran rose to 3.37 billion rand ($434.8 million) in
March from 2.8 billion the previous month, customs data showed
on Monday, indicating Pretoria had not bowed to U.S. pressure to
curb commercial links with Tehran.

The Revenue Service said Africa’s biggest economy imported
505,908 tonnes of Iranian crude in March, up from 417,188 tonnes
the previous month.

Apr 23, 2012

Mozambique to buy gas from South Africa’s Sasol

MAPUTO, April 23 (Reuters) – Mozambique will buy 6 million
gigajoules of gas from South African petrochemicals group Sasol
to bring cleaner energy to the country, the head of
state-owned Empresa Nacional de Hidrocarbonetos (ENH) said on
Monday.

Nelson Ocuane said ENH will need to build a 30-kilometre
(19-mile) pipeline from Matola, where Sasol’s current pipeline
passes on the way to South Africa, to the capital Maputo and
further north to the Maracuene district.

Mar 27, 2012

S.Africa halts Iranian oil purchases in Jan

JOHANNESBURG, March 27 (Reuters) – South Africa imported no
oil from Iran in January, according to government trade and
customs data, suggesting Africa’s biggest economy has heeded a
call from the United States to halt oil shipments from Tehran as
part of Western sanctions.

Trade figures showed marked increases in January imports
from Qatar, Bahrain, Saudi Arabia and Kuwait, indicating they
have replaced Iran, usually South Africa’s biggest supplier of
crude accounting for a quarter of its oil imports.

Mar 12, 2012

Sasol says time right for next gas acquisition

JOHANNESBURG, March 12 (Reuters) – South African
petrochemicals group Sasol Ltd sees opportunities to
buy cheap natural gas assets in North America that would help
boost its output of chemicals and synthetic fuels, a senior
official said on Monday.

Sasol, the world’s top maker of motor fuel from coal, is
investing heavily in growth, especially by expanding its shale
gas portfolio, with capital expenditure seen at 29 billion rand
($3.9 billion) this financial year rising to 32 billion in
2012/13.

Mar 9, 2012

S.Africa cuts 2012/13 power rate hike to 16 pct

JOHANNESBURG, March 9 (Reuters) – South Africa’s
energy regulator said on Friday it had cut the increase in
electricity rates for power utility Eskom to 16 percent for the
2012/13 financial year from a previously approved hike of 25.9
percent.

The decision follows Eskom’s application to reduce the hike
after the utility had been asked by the government to ease up on
private and industrial consumers, who have been hit in recent
years with soaring power costs.