market intelligence
Canyon Coal to develop new R1.4-Billion mine in Mpumalanga Canyon Coal is constructing a new coal mine in Hendrina, Mpumalanga. Production is expected to start in the second half of 2023, with the first phase of the Gugulethu project on track to be completed in eight to ten months and expected to produce 1.2 million tons a year. Formerly known as De Wittekrans, Gugulethu is a greenfield project located southeast of Hendrina that Canyon bought out of business rescue. Phase 1 of the project holds an economically mineable reserve of 14.3 million tons of run-of-mine (RoM) coal. It comprises three pits, one of which has been specifically designed to gain access to the underground reserve as part of Phase 2… . Read more
SA Breweries invests R825-Million into expansion of Prospecton Brewery Kwazulu-Natal (KZN) Premier Dube-Ncube has presided over South African Brewery’s multi-million expansion project. The visit aims to unpack SAB’s R825-Million investment into KZN, as pledged at the South African Investment Conference. In a multi-million rand investment that will create more than 25 000 job opportunities, SAB is set to expand its operations after setbacks, including the COVID-19 pandemic and the devastating floods in April and May 2022. Dube-Ncube described SAB’s investment into its Durban-based, Prospecton Brewery as an overwhelming vote of confidence in the future of the province … Read more
Massive win for new gas project in SA Natural gas producer Renergen has announced that it has produced its first amount of liquid helium at its Virginia Gas Project based in South Africa. The Virginia Gas Project, owned and operated by Renergen’s subsidiary Tetra4, is South Africa’s only onshore petroleum plant. It covers an area that includes Welkom, Virginia, and Theunissen. Renergen estimates that the helium reserve at the site could be as large as 9.74 billion cubic meters, making it larger than the known reserves of the entire United States. According to Transparency Market Research , an international market analysis firm, the bulk liquid helium industry is expected to be worth $2.7-Billion… Read more
Issue 1 – 2023
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