On Track Innovations Ltd, (OTI) today announced that Chevron Corporation , has chosen OTI to be the provider of its EasyFuel petroleum payment and automated fuel management system. EasyFuel provides oil companies with the ability to sign long term contracts with fleets, assuring the correct grade and amount of fuel is dispensed into an [...]

Drastic coal shortages despite massive natural deposits have had a ripple effect throughout Zimbabwe’s economy and ruined a deal to renovate the country’s biggest steelworks, the government has acknowledged.
The energy crisis adds to the economic woes of Zimbabwe, which is already suffering from acute shortages of many basic commodities.
Industry Minister Obert Mpofu told a panel [...]

Significant uranium resources have been found in Kariba, Southern province of Zambia, according to the Creamer Media’s Mining Weekly.
It quoted Omega, a mineral exploration company, as saying that the company has found uranium resources estimated at about 13 million pounds.
Omega managing director Mathew Yates told the Africa-Dawn Under conference held in Perth, Australia that “we [...]

Richards Bay Coal Terminal, the world’s largest coal export port facility, will soon begin a R1.1 billion ($150 million) expansion project that will increase its annual capacity to 91 million tons from the current level of 72 million tons.
The expansion will be marked by a sod-turning ceremony by Buyelwa Sonjica, the South African Minister of [...]

ADDAX Petroleum Corporation has announced the completion of the previously announced acquisition of almost all of the assets and operations of Pan-Ocean Energy Corporation Limited for cash consideration of CDN $1.605 billion (Canadian dollars).
Mr Jean Claude Gandur, President and Chief Executive Officer of Addax Petroleum noted that he was delighted at the pace and efficiency, [...]

Crude oil fell to the lowest in more than five months, following natural gas, after an Energy Department report showed that U.S. inventories of the competing fuel jumped.
Gas stockpiles rose 108 billion cubic feet, reaching 3.084 trillion cubic feet last week, the report showed. An increase of 92 billion was expected, according to the median [...]

STEEL manufacturing company Steelmakers, which began coal production two months ago, aims to boost its coal production from the current 30 000 tonnes per month to 100 000 tonnes by March, and has already come to the rescue of three top industries by supplying them with badly needed coal.
Through its new coal-mining subsidiary Chiredzi Ores [...]

Metalworking company Dynamic Materials Corp. said Tuesday it received two contracts collectively valued at $8.7 million to produce explosion-welded plates for a nickel hydrometallurgy project in Madagascar, an island nation off the coast of southern Africa.
Both orders are expected to ship during the first half of fiscal 2007 and were placed by Chinese and European [...]

The world’s 10th-largest nickel producer, LionOre , has become a takeover target as bigger firms crave its high-growth profile and special refining technology, a company official said on Tuesday.
LionOre, which has mines in southern Africa and Australia, will also probably become the only company whose main product is nickel following a wave of takeover activity.
“We [...]

A Chinese consortium, headed by state-owned China National Machinery & Equipment Import & Export Corp., will invest $3 billion to develop a large iron ore mine in Gabon Republic, company officials said on Tuesday.
The consortium, including state-owned Export-Import Bank of China, won the sole rights in June to exploit untapped iron ore reserves in the [...]