Commodity markets may be about to embark on another supercycle – a multi-year, broad-based, and usually large increase in prices – according to research published by some of the top investment banks involved in the sector.
16 February 2021 - 14:35 The single biggest contributor to deviation applications in the second quarter of the financial year was from Eskom worth R68.7bn - 97% of which was for the renegotiation of coal supply. File image. Image: Robert Tshabalala
Eskom under the stewardship of CEO André de Ruyter is the champion of requests for deviation from normal procurement laws to the tune of R68.7bn in a single quarter of the ongoing financial year.
That is according to a National Treasury presentation tabled before the standing committee on public accounts (Scopa) on Tuesday.
The National Treasury, led by acting chief procurement officer Estelle Setan, was reporting on deviations by national departments and state-owned enterprises (SEOs) in this financial year’s first three quarters.
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By Reuters Staff
2 Min Read
TOKYO (Reuters) - Japan’s Kobe Steel Ltd has successfully demonstrated a new technology to reduce CO2 emissions from blast furnace operations by a fifth, as compared to the conventional approach, a company official said on Tuesday.
FILE PHOTO: Kobe Steel s logo is seen through a fence at a facility of Kakogawa Works in Kakogawa, Hyogo Prefecture, Japan, November 13, 2017. REUTERS/Kim Kyung-Hoon
Cutting carbon emissions from steelmaking is a key part of efforts to fight climate change and Japan’s No.3 steelmaker sees the technology as a promising solution other manufacturers could adopt without large capital expenditure.
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MC Mining Ltd confirms that, further to its announcement of 7 December 2020, the recruitment process for a replacement permanent CEO is at an advanced stage and the company anticipates making a further announcement in due course. The outgoing acting CEO, Brenda Berlin, will step down on 15 February 2021 and Sam Randazzo, a Non-Executive Director of MC Mining will serve as interim CEO while the recruitment process is finalised. Berlin has worked closely with Randazzo, facilitating an orderly handover and her departure is not expected to impact the finalisation of the funding for the company’s flagship, fully permitted Makhado hard coking coal project nor the day to day running of the Group’s operating mine, the Uitkomst Colliery.