Latest news with #MinistryOfMineralResources
Zawya
3 days ago
- Business
- Zawya
Policies Driving South Africa's Extractive Sector Growth
South Africa's Ministry of Mineral and Petroleum resources has introduced four key policy changes aimed at strengthening the competitiveness of the country's mining and petroleum industries. The policies, aligned with broader economic growth objectives, seek to attract new investment across the extractives sector while enhancing value addition and industrialization. As the world's top producer of platinum group metals (PGMs), policy reforms stand to support accelerated growth across the PGM industry. The upcoming African Mining Week (AMW) conference – Africa's premier gathering for mining stakeholders, scheduled for October 1–3, 2025 in Cape Town – will feature a dedicated panel on South Africa's PGM sector. The discussion will showcase how recent policies are creating opportunities within the country's PGM market, exploring investment opportunities, challenges and anticipated policy-led growth. Mineral Resources Development Bill South Africa published its draft Mineral Resources Development Bill on May 20, 2025, for public comment. Set to replace the 2002 Mineral and Petroleum Resources Development Act, the new law addresses key industry challenges, empowers small-scale mining and promotes local beneficiation of minerals. The law seeks to ensure revenue generated from the industry is channeled into the formal sector and contributes to GDP growth. In 2024, the mining sector generated R674 billion in export earnings and R451 billion to GDP. The public has until August 8, 2025, to comment on the bill. Petroleum Products Bill The Department of Mineral and Petroleum Resources is expected to submit the Petroleum Products Act Amendment Bill (PPB) of 2024 to Cabinet for approval before the end of 2025. The bill aims to streamline licensing and appeals processes, increasing the oil and gas sector's contribution to economic transformation, job creation and security of petroleum product supply. The new law was submitted for public comments on October 21, 2024 and aims to replace the 1977 act. Upstream Petroleum Resources Development Act South Africa is set to complete the implementation of the new Upstream Petroleum Resources Development Act by September 2025. The law creates an investor-friendly regime for oil and gas investors, promotes economic growth and expands opportunities for local companies and entrepreneurs across the petroleum value chain. The act was signed by South African President Cyril Ramaphosa in 2024 and is expected to come into effect following the introduction of new Petroleum Regulations. According to South Africa's Minister of Mineral and Petroleum Resources Gwede Mantashe, the law has not only created legislation that is investor-friendly for the oil and gas sector, but has also ensured that there is a dedicated regulatory regime for the sector given its potential for economic contribution and job creation. The Mine Health and Safety Amendment Bill The Mine Health and Safety Amendment Bill was tabled to parliament in late 2024 and seeks to amend the act of 1996. The bill aims to advance stakeholder adoption of modern health and safety practices, driving the country's agenda of zero harm across the mineral industry. Key provisions include measures to streamline administrative processes, strengthen managerial responsibility and accountability while enhancing mine safety training and adoption. Distributed by APO Group on behalf of Energy Capital&Power.
Zawya
18-06-2025
- Business
- Zawya
Angola Environmental Serviços (AES) Seeks Partnership Opportunities, Joins Angola Oil & Gas (AOG) 2025 as Silver Sponsor
Waste management company Angola Environmental Serviços (AES) will return to the Angola Oil&Gas (AOG) conference and exhibition in 2025 as a Silver Sponsor. Operating at the intersection of the environmental and hydrocarbon sectors, AES strives to become a leading national company providing integrated waste management services. As Angola expands its portfolio of exploration and production projects, these services will play an instrumental part in preserving the natural environment while ensuring optimal oil and gas operations. AES promotes environmental sustainability through the deployment of world-class technology, working closely with upstream operators across both the onshore and offshore markets. The company's AOG 2025 sponsorship reflects its commitment to supporting oil and gas projects, creating new opportunities for greater collaboration across the industry as a range of major projects advance in the country. AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; the event is a platform to sign deals and advance Angola's oil and gas industry. To sponsor or participate as a delegate, please contact sales@ In recent years AES has invested heavily in its infrastructure and human capital, with aims to position itself as the partner of choice for oil and gas operators. Through its two waste management facilities – situated at the SONILS base in Luanda and the Kwanda base in Soyo – the company deploys a range of services, from thermal desorption to incineration to landfill services, tank cleaning and cargo transport units. The strategic location of these bases positions AES at the center of Angola's upstream and logistics industries, with close proximity to active and upcoming projects in the Kwanza and Lower Congo basins. AES' suite of clients further underscores its role in the country's oil and gas sector. These include TotalEnergies, Azule Energy, Chevron, ExxonMobil, Sonangol, Etu Energias, Angola LNG and many more. The company has also worked closely with international service and technology firms, including SLB, Halliburton, Aker Solutions, among others. As major operators expand their presence in Angola amid a $60 billion investment pipeline planned for the coming five years, partnerships with AES will serve to advance the environmental and operational efficiency of oil and gas developments. Distributed by APO Group on behalf of Energy Capital&Power.
