Tasneem Bulbulia

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Tasneem Bulbulia

Tasneem Bulbulia is a Creamer Media Senior Contributing Editor Online for Engineering News and Mining Weekly.

PFS confirms viability of South Palladium’s Bengwenyama project

31st October 2024 JSE- and ASX-listed Southern Palladium has announced the results of a prefeasibility study (PFS) for its 70%-owned Bengwenyama project in the eastern limb of the Bushveld Complex in South Africa, which MD Johan Odendaal says marks a significant step forward in advancing the project. Since the... →

Kore progresses EPC agreements, financing options for Congo-Brazzaville projects

31st October 2024 Potash development company Kore Potash, with 97% ownership of the Kola potash project and the Dougou Extension (DX) potash project in the Sintoukola basin in Congo-Brazzaville, has provided its quarterly update for the period ended September 30. Final agreement on outstanding points in respect of... →

Report highlights skills opportunities provided by just energy transition

31st October 2024 South Africa will need to create an estimated 40 000 to 60 000 jobs related to the just energy transition (JET) over the next 25 years and it has to start preparing citizens to benefit from the opportunities provided by the transition. This is according to the National Business Initiative’s... →

From now to 2030, about 59 000 to 99 000 jobs are expected to be required in the solar value chain

Diamcor to raise funds to expedite increased processing at South Africa project

31st October 2024 TSX-V-listed Diamcor Mining intends to complete a term loan financing of up to C$1.5-million, to be used to expedite efforts to support the processing of material at significantly higher volumes at the company’s Krone-Endora at Venetia project in South Africa. The funds will also be spent on the... →

Trucks loading at the Krone-Endora at Venetia project in South Africa

Ivanhoe delivers strong third quarter, expects 2025 to be a ‘banner year’

30th October 2024 Canada-headquartered miner Ivanhoe Mines achieved a profit of $108-million for the third quarter ended September 30, an increase on the $67-million reported for the previous quarter. Adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) for the quarter were... →

Kamoa-Kakula Phase 3 Processing Plant Construction

Value of gold demand surges in higher price environment – council

30th October 2024 Healthy inflows into global gold exchange-traded funds (ETFs) were a major driver of growth in gold demand in the third quarter, and combined with continued over-the-counter investor interest, this helped to propel gold prices to a series of record highs throughout the period, industry... →

Total third quarter gold supply increased 5% year-on-year to a record of 1 313 t

SAICE calls for action to combat intimidation in civil engineering

30th October 2024 The challenge of ethical project delivery within the civil engineering community is significantly complicated in the wake of rising issues of intimidation and the potential for violence, including threats to life, industry organisation the South African Institution of Civil Engineering (SAICE)... →

Commissioning on K.Hill demo plant starts – Giyani

22nd October 2024 TSX-listed Giyani Metals, which is developing the K.Hill Battery-Grade manganese project, in Botswana, says the demo plant being manufactured in Johannesburg, South Africa, is now in the commissioning phase. Since the company’s last report in September, the steam boiler, plant air supply system... →

K.Hill Battery-Grade manganese project

Rome Resources encouraged by promising copper, tin mineralisation at DRC prospect

22nd October 2024 Aim-listed Rome Resources has made progress with drilling at its Mont Agoma prospect, in the Democratic Republic of Congo (DRC), with initial assessment from the cores said to be promising for both copper and tin. Mont Agoma is polymetallic tin/copper/zinc prospect located in the North Kivu... →

Sovereign completes drilling programme to upgrade Kasiya resource

22nd October 2024 Aim- and ASX-listed Sovereign Metals has completed an infill drilling programme at its Kasiya rutile/graphite project, in Malawi, to support ongoing technical studies. The programme included the drilling of 281 holes over 5 607 m. Aircore drilling, supported by hand auger, push tube and diamond... →

Lucapa achieves strong diamond sales despite soft market conditions

22nd October 2024 ASX-listed Lucapa Diamond Company reports that the Lulo diamond mine, in Angolo, in which it has a 40% interest, sold 5 587 ct at an average price of $3 033/ct during the quarter ended September 30, generating revenue of $16.9-million. Production at Lulo was in line with the corresponding quarter... →

MD Nick Selby

Netstar appoints group CFO

18th October 2024 Altron subsidiary Netstar, provider of vehicle tracking and telematics solutions, has appointed Morné Grundlingh as its new group CFO, effective this month. The company says he brings considerable experience, with a career in the financial and technology sectors, having held key executive roles... →

New CFO Morné Grundlingh

PIC starts search for a new CEO as Sithole’s term nears its end

18th October 2024 Asset manager the Public Investment Corporation (PIC) has initiated a search to identify and appoint a new CEO to succeed Abel Sithole, whose term will be coming to an end effective July 2025. The search is a responsible and proactive move by the board to allow sufficient time to appoint a new... →

Accenture, partners launch renewable-energy initiative

18th October 2024 NYSE-listed Accenture, in collaboration with the Mining Qualification Authority (MQA), Mentec Foundation, National Youth Development Agency, Moses Kotane Research Institute and mining and agriculture services provider Dan Piet, has launched a green offgrid social enterprise franchise. The... →

Bushveld completes disposal of Lemur Holdings

18th October 2024 Aim-listed Bushveld Minerals announces that all conditions to the disposal of Lemur Holdings have been met. This follows an announcement in September which confirmed that the company had received approval from the Development Bank of Southern Africa (DBSA) for the disposal of Lemur for $100. →

Bushveld CEO Craig Coltman

Makor Resources, Jubilee partner with Zambian govt to support agriculture

18th October 2024 Mining services provider Makor Resources and mining company Jubilee Metals Zambia have partnered to support the Zambian government’s efforts to provide agricultural inputs to subsistence farmers, following a drought that impacted on agriculture and food security in the country. Ndola district... →

Ndola district commissioner Joseph Phiri joined Makor Resources CEO Brooke Bibeault and Jubilee Metals MD Ricus Grimbeek to distribute Compound-D and Urea fertiliser, along with drought-tolerant maize seedings, to beneficiaries across the Munkulungwe ward in Ndola

Rainbow making strides at South African rare earths project

18th October 2024 London-listed Rainbow Rare Earths made considerable strides during the financial year ended June 30 towards establishing an independent supply chain for the rare earth elements (REE) that are driving the green energy transition, CEO George Bennett says in a statement on the company’s preliminary... →

Phalaborwa pilot plant

De Beers’ GemFair programme buys its 10 000th diamond

18th October 2024 Diamonds miner De Beers Group’s GemFair programme has reached the key milestone of buying its 10 000th diamond since its launch in 2018. GemFair focuses on developing a responsible sourcing model for the artisanal and small-scale diamond mining sector. It aims to support the formalisation of the... →

GemFair toolkit

Creecy calls for smart transport solutions as pioneer EV taxi is launched

18th October 2024 Transport Minister Barbara Creecy emphasised the importance of implementing smart solutions as part of efforts to upgrade and revitalise the country’s transport sector, with commuter numbers severely impacted by the pandemic, and passenger and freight transport afflicted by vandalism, theft and... →

Photo by Creamer Media's Tasneem Bulbulia
The eKamva electric taxi

Mmete Fusi appointed acting group CEO of PetroSA

17th October 2024 The Petroleum Oil and Gas Corporation of South Africa (PetroSA) has appointed Mmete Fusi as acting group CEO, effective immediately. The entity highlights that Fusi has vast leadership experience and knowledge of the continent’s minerals resources, oil and gas, ports and railway infrastructure. →

Zero Carbon Charge welcomes President’s announcement of EVs incentives, cautions on source of power

17th October 2024 Solar-powered charging station provider Zero Carbon Charge has welcomed President Cyril Ramaphosa’s announcement, in an address at SA Auto Week, in Cape Town, on October 17, that government is considering introducing new incentives to encourage consumers to buy electric vehicles (EVs). The... →

President Cyril Ramaphosa

South Africa maintains top position in Standard Bank trade barometer

17th October 2024 South Africa, Namibia and Angola retained their rankings in the fourth issue of Standard Bank’s Africa Trade Barometer (SB ATB) at positions one, two and ten, respectively. The ATB trade attractiveness rankings reveal a dynamic shift in trade standings among the ten African nations it covers. →

Standard Bank Business and Commercial Banking group head Philip Myburgh

Centamin lifts production, sales in the third quarter

17th October 2024 TSX- and LSE-listed Centamin increased production at its flagship Sukari mine, in Egypt, by 30% year-on-year to 131 726 oz in the quarter ended September 30, taking output for the nine months to September 30 to 356 465 oz. Gold sales increased by 44% year-on-year to 149 659 oz for the third quarter. →

Sukari mine

Minerals Council commits to new health and safety milestones

17th October 2024 Industry organisation the Minerals Council South Africa says it is fully committed to supporting the third iteration of health and safety milestones agreed by the Department of Mineral and Petroleum Resources, organised labour and the Minerals Council as the industry strives to realise its... →

Minerals Council president Dr Nombasa Tsengwa

Botswana Diamonds secures prospecting permit on five Marsfontein kimberlites

17th October 2024 Botswana Diamonds, which holds exploration licences in South Africa and Botswana, has obtained a prospecting permit covering five kimberlites known to contain diamonds in the Marsfontein region of South Africa. This permit covers 900.67 ha and surrounds the iconic Marsfontein diamond mine. →

Chairperson John Teeling

DRDGOLD lifts first-quarter output, sales

17th October 2024 JSE- and NYSE-listed DRDGOLD’s production for the quarter ended September 30 increased by 7% quarter-on-quarter to 1 319 kg (42 407 oz), primarily owing to a 13% increase in tonnage throughput, despite yield being lower at 0.2 g/t. Gold sold increased by 4% quarter-on-quarter to 1 289 kg (41 442... →

Global economic freedom declines again, S Africa's gains inconsequential

16th October 2024 Global economic freedom declined for the third year in a row, the yearly ‘Economic Freedom of the World’ report published by Canadian-headquartered Fraser Institute shows. “After decades of slow but steady increases, global economic freedom peaked in 2019 but has declined in each of the three... →

ENRG Elements granted permit renewals for Niger project

16th October 2024 ASX-listed ENRG Elements has secured a three-year renewal of the three granted exploration permits that make up its 100%-owned Agadez uranium project, in Niger. The exploration permits, covering about 726 km2, were renewed without any relinquishment and are now valid through to November 2027. →

Signet, De Beers launch new natural diamond marketing campaign for young generation

16th October 2024 Diamond miner De Beers Group and diamond jewellery retailer Signet Jewelers, have launched ‘Worth the Wait’, a new natural diamond campaign focused on the themes of modern love and evolving relationship dynamics, targeted at soon-to-be-engaged ‘Zillennials’. Zillennials are classified as the... →

Photo by Arnold Worldwide
A still from the campaign

Land Bank Insurance Company to pilot index insurance in South Africa

15th October 2024 The Land Bank Insurance Company (LBIC) will pilot index insurance in South Africa over the next two years, targeting smallholder producers, with the aim of providing affordable drought-risk insurance for both crop and livestock farmers. The company asserts that index insurance products have... →

West African Resources reports high-grade gold at Burkina Faso project

15th October 2024 ASX-listed unhedged gold mining company West African Resources has reported high-grade gold mineralisation from recent resource definition diamond drilling within the M1 South (M1S) Main Deeps Resource from its Sanbrado gold operation, in Burkina Faso. “Recent resource definition drilling at the... →

Sanbrado plant

Sars grants special permission for fuel imports to mitigate shortages at airports

15th October 2024 The South African Revenue Service (Sars) Commissioner has granted special permission for the importation of kerosene fuel from October 21, this year to October 20, 2025. The special permission is granted to allow parties to address the complexities involved in the process of the deregistration of... →

Sars and the industry have engaged to avert fuel shortages at the country’s airports.

Kazera subsidiary secures loan as part of environmental guarantee

15th October 2024 Aim-listed Kazera Global’s subsidiary, Whale Head Minerals (WHM), has been requested by the Department of Mineral Resources and Energy (DMRE) to furnish a guarantee in respect of its obligations to rehabilitate the mining area covered by its application for a mining right in South Africa’s... →

Green Connection welcomes Karpowership deal ending, calls for further details

15th October 2024 Nonprofit organisation The Green Connection has welcomed Electricity and Energy Minister Kgosientso Ramokgopa’s announcement this week that the Karpowership deal is officially “dead in the water”. Turkish energy company Karpowership had been seeking to implement three ship-based power projects in... →

Photo by Creamer Media's Tasneem Bulbulia
Karpowership project in Brazil

Summit identifies areas of focus to engender socioeconomic growth

15th October 2024 There are several areas that require attention if South Africa and other African countries are to succeed in implementing the UN Sustainable Development Goals (SDGs) and the African Union’s (AU’s) Agenda 2063, as part of the efforts to engender sustainable socioeconomic growth on the continent.... →

Sanral weathers challenging year to post strong performance

11th October 2024 The South African National Roads Agency Limited (Sanral) says its 2023/24 financial year was characterised by resilience and agility, to conclude with a strong financial performance, an unqualified audit report and accelerated investment in road infrastructure. The total spend on toll roads came... →

Sanral's total spend on toll roads came in at R4.1-billion, while expenditure on non-toll roads came in at R23-billion

Wits Business School announces pioneer South Africa-India Energy Conference

11th October 2024 Wits Business School will be hosting an energy conference in partnership with the Consulate General of India, to be held at the business school’s campus at the University of the Witwatersrand (Wits) in Johannesburg, on November 28. The two-day conference, dubbed Matla-Urja (meaning “energy” in... →

Bell Equipment’s earnings to fall on soft market conditions

11th October 2024 JSE-listed Bell Equipment expects its earnings per share (EPS) and headline earnings per share (HEPS) for the year to end December 31, to decrease by at least 25%, compared with the EPS and HEPS of 799c and 798c, respectively, in the previous year. A further trading statement for the period will... →

Endeavor South Africa secures R190m in first close of Harvest Fund III

11th October 2024 Endeavor South Africa, which offers venture capital and mentoring support to domestic and African entrepreneurial enterprises, has marked the first close of its R500-million Harvest Fund III, securing R190-million, exceeding its initial R150-million target. The fund aims to catalyse growth in... →

RFA, SAAFF call for greater urgency on private sector’s participation in ports

11th October 2024 Following the recent High Court judgment on the Durban Container Terminal (DCT) Pier 2, which halted the contract between Transnet and International Container Terminal Services (ICTSI), the Southern African Association of Freight Forwarders (SAAFF) has highlighted the key role it believes the... →

Association welcomes vertical separation of Transnet’s rail entity into two divisions

11th October 2024 The African Rail Industry Association (ARIA) has welcomed the announcement of the vertical separation of Transnet Freight Rail into two distinct operating divisions – Transnet Infrastructure Manager (TRIM) and Transnet Freight Rail (TFR). “This strategic unbundling represents a pivotal moment for... →

Transnet aims to increase its rail haulage capacity to 170-million tonnes for the 2024/25 financial year

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