Page 55 - Beyla News Today

Uganda and Tanzania last week gave the go-ahead for the construction of an oil pipeline between the two countries, as environmentalists continued to push for it to be scrapped. State-owned China National Offshore Oil Corp, along with its partner Total, is a major investor in the project and the oilfield it serves. Green groups, including BankTrack, the Africa Institute for Energy Governance and 350Africa, have said that both the "extraction...

Read more about China-backed projects in Africa face fierce backlash from environmentalists on Business Standard. Environmentalists accuse the developers of destroying ecosystems in pursuit of commodities like oil, metal and timber

As the China-Australia trade war moves from product to product, ranging from barley to lobsters to wine, Beijing has so far refrained from imposing any ban or barrier on Australian iron ore. As global prices soar for the ore, China’s insatiable appetite and inability to find suitable substitutes are net-net insulating Australia from Beijing’s punitive ...

Beijing [China], May 30 (ANI): Dozens of China-backed and funded projects in Africa, most of them developed as part of Beijing's Belt and Road Initiative (BRI), continue to face intense backlash from communities and environmentalists who accuse the developers of destroying ecosystems in pursuit of commodities like oil, metal and timber.

Record iron ore prices boost Australias economy, but will the China trade war end the boom? ABC Business 1 hour ago By business reporter Rachel Pupazzoni © Provided by ABC Business The iron-rich red cliffs of the Pilbara landscape can be seen by motorists driving along the Great Northern Highway. (ABC News: Rachel Pupazzoni) Driving along the Great Northern Highway through Western Australias remote Pilbara region at sunrise is a unique experience. A landscape of gold, red a...

A number of refineries in Africa have been offline, either following maintenance as Zambia’s Indeni, or due to a lack of crude supply as Ghana’s Tema. Two refineries in South Africa also remain offline — Engen’s Durban and the Cape Town refinery — as well as Cameroon’s Limbe. Near-term maintenance New and revised entries ** ...

Supply crunch keeps iron ore prices at historic highs Lack of new sources of production likely to keep demand greater than supply 26 May 2021 - 17:45 Lisa Steyn On a tear: The iron ore processing plant at Sishen. Picture: Bloomberg/Waldo Swiegers Despite a few ups and down, iron ore prices remain at levels that defy belief and, with a supply deficit expected to persist for the foreseeable future, there appears to be no end in sight. The bulk product, a critical component...

Australia will lose share over the next five years in the global iron ore market to Brazil because of the latter’s high grade iron ore reserves and exports, according to a new report on the mineral from Fitch Ratings’ offshoot, Fitch Solutions. The loss won’t be much in percentage terms, but in terms of tonnage, Brazil’s production is projected to grow at four times the rate of growth forecast for Australia. The Fitch report, which appeared earlier this week, says global iron ore mine o...

Refinery news roundup: Some refineries in Africa remain offline In South Africa, both the Engen and Cape Town refineries remain offline, whereas Zambia’s Indeni is not expected to restart after a maintenance until later this year. Overall refining output in Africa remains low as many refineries remain closed or are operating intermittently, according to Africa-focused oil consultancy CITAC. In South Africa alone, refinery output fell 28% last year as all refineries were closed in April and Ma...

China’s not winning its trade war with Australia We’re sorry, this service is currently unavailable. Please try again later. Dismiss Updated 11.55am 11.55am Normal text size Advertisement It must be a source of increasing frustration for China’s bureaucrats that its own economic successes are overwhelming their efforts to sanction Australia for our less than diplomatic commentary on the origins of the pandemic and China’s treatment of the Uighurs in the Xinjiang region. Whi...