Tasneem Bulbulia

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Tasneem Bulbulia

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

EWSETA undertakes programme to boost renewables skills development, at TVET colleges

3rd June 2024 The role of technical vocational education and training (TVET) colleges in South Africa’s just energy transition is expected to be bolstered by a partnership led by the Energy and Water Sector Education and Training Authority (EWSETA) and the Chinese Culture and International Education Exchange... →

Lotus’ US shares upgraded to OTCQX Best Market

3rd June 2024 Africa-focused uranium company Lotus Resources’ shares have started trading on the US-based OTCQX Best Market, an upgrade from the OTCQB Venture Market. The company’s OTC ticker symbol remains LTSRF. →

Power Metal, ACAM propose uranium-focused JV

3rd June 2024 Aim-listed Power Metal Resources has entered into a legally binding subscription agreement with ACAM for the latter to invest £2-million in Power Metal by way of a loan note with attaching warrants. It has also entered into an eight-week exclusivity period and a nonbinding term sheet with ACAM... →

Fairvest weathers challenges to deliver strong interim performance

3rd June 2024 Real estate investment trust Fairvest has posted an interim distribution of 67.83c per A share and 21.24c per B share for the six months ended March 31. “Fairvest is operationally strong and agile in a tough environment. We are very pleased with the group’s performance in the past six months. We... →

CEO Darren Wilder

South Africa achieves trade balance surplus of R10.5bn in April

31st May 2024 South Africa recorded a preliminary trade balance surplus of R10.5-billion in April, the South African Revenue Services (Sars) reports. This surplus is attributed to exports of R169.5-billion and imports of R159.1-billion, inclusive of trade with Botswana, Eswatini, Lesotho and Namibia (BELN). →

Coega achieves R1bn SMME procurement spend for 2023/24

31st May 2024 The Coega Development Corporation’s (CDC’s) Small, Medium-Sized and Microenterprises (SMME) Development Programme has achieved procurement spend of over R1-billion for the 2023/24 financial year. This achievement equates to 69.42% of the total spend for the year and relates to the overall spend... →

Coega Development Corporation’s SMME Development Programme achieved procurement spend of over R1-billion for the 2023/24 financial year

Automotive PGM demand growing owing to extended-range EVs, says WPIC

31st May 2024 The continuing growth in automotive platinum demand is being achieved despite rising battery electric vehicle (BEV) market share and a reduction in internal combustion engine (ICE) vehicle production, industry organisation the World Platinum Investment Council (WPIC) points out. It explains that... →

Perseus progressing work streams at Nyanzaga project after buyout

31st May 2024 ASX- and TSX-listed Perseus Mining has completed the acquisition of the Nyanzaga gold project, in Tanzania, through the takeover of OreCorp, chairperson and CEO Jeff Quartermaine informs. The compulsory acquisition process of the remaining OreCorp shares was completed on May 20, and Perseus now... →

Katoro prioritised Tanzania project development in 2023

31st May 2024 Aim-listed Katoro Gold prioritised resource development at its Haneti project, in Tanzania, during the year ended December 31, 2023, owing to it being mindful of funding constraints. Early in the year, Katoro successfully raised £150 000 (gross), which was used for ongoing working capital and to... →

Gemfields earns $35m from May auction of higher-quality emeralds

31st May 2024 Miner and coloured gemstones marketer Gemfields Group earned total revenue of $35-million from an auction of higher-quality rough emeralds held from May 13 to 30. The rough emeralds sold were extracted by Kagem, which is 75%-owned by Gemfields and 25% by the Industrial Development Corporation of... →

Gemfields earned $35-million from an auction held from May 13 to 30

Nedbank launches R10m Indalo Fund

31st May 2024 Finance institution Nedbank on May 15 announced the launch of the R10-million Indalo Fund at the Indalo Inclusive Symposium at the Council for Scientific and Industrial Research in Pretoria. The Indalo Fund is designed to change the way entrepreneurs are funded, creating a pipeline of viable... →

Nedbank Corporate Social Responsibility executive head Poovi Pillay

Santam acquires home services marketplace Kandua

30th May 2024 Short-term insurer Santam has acquired Kandua, an online marketplace company for home services. Kandua will merge with Santam’s existing home service offering, Home+, forming a wholly owned, independent subsidiary of the insurer. →

SABS publishes voluntary national standard for plain language

30th May 2024 The South African Bureau of Standards (SABS) in March adopted and published the South African National Standard (SANS) 24495 – Plain Language. South Africa has been implementing the principles of plain language since the promulgation of the Consumer Protection Act of 2008. →

Endeavour’s Côte d’Ivoire project ahead of schedule

30th May 2024 London- and Toronto-listed Endeavour Mining announces that wet commissioning activities are now under way at the Lafigué project, in Côte d’Ivoire. The project is on budget, with construction now 94% complete, and the first gold pour is expected to take place in late June, a quarter ahead of... →

Mpact appoints new CFO, executive director

30th May 2024 JSE-listed Mpact has appointed Hannes Snyman group CFO and executive director of Mpact and Mpact Operations with effect from June 1. He will succeed Brett Clark, who is retiring on May 31. →

Johannesburg one of 3 cities to benefit from Suncasa project tackling climate threats

28th May 2024 The Scaling Urban Nature-Based Solutions for Climate Adaptation in Sub-Saharan Africa (Suncasa), a new three-year project, will undertake watershed restoration and adaptation actions in Dire Dawa, Ethiopia; Kigali, Rwanda; and Johannesburg, South Africa. It is expected to reduce climate-fuelled... →

Nedbank, Transnet mediation over swaps terminated

28th May 2024 Mediation between financial services group Nedbank and State-owned Transnet, in respect of interest rate swap transactions (swaps) between the parties that took place in December 2015 and March 2016, and which have been widely reported in the media for many years, has ended after it became... →

Ivanhoe completes Phase 3 concentrator construction at DRC project ahead of schedule

28th May 2024 TSX-listed Ivanhoe Mines announced that, on May 26, first ore was fed into the Phase 3 concentrator at the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC). First ore marks the completion of construction of the Phase 3 concentrator, which has been achieved months ahead of... →

Photo by Bloomberg
Ivanhoe founder and executive co-chairperson Robert Friedland

Firebird receives safety permit for Chinese project

28th May 2024 ASX-listed Firebird Metals’ subsidiary Hunan Firebird Battery Technologies has received a safety permit for Stage 1 of a proposed battery-grade manganese sulphate plant in China. The plant will use third-party manganese ore to produce high-purity manganese sulphate. →

Lucapa, partners recover 195 ct diamond from Lulo

28th May 2024 ASX-listed Lucapa Diamond Company and its Lulo alluvial mine partners Endiama and Rosas and Petalas have announced the recovery of a 195 ct Type IIa diamond from the Lulo mine, in Angola. The diamond is the sixth-largest to be recovered from the Lulo alluvial operations since mining started in 2015. →

Lulo mine

TotalEnergies JV, Austrian firm join forces on proposed Tunisian green hydrogen project

28th May 2024 TE H2, a joint venture between TotalEnergies and EREN Groupe, together with Austrian electric company VERBUND, have signed a memorandum of understanding (MoU) with Tunisia to study the implementation of a large green hydrogen project, H2 Notos. The proposed H2 Notos project will produce green... →

Signing the MoU

Multimodal Inland Port Association launched

27th May 2024 The Multimodal Inland Port Association (MIPA), which seeks to address a critical need in South Africa’s logistics landscape, was launched in South Africa last week. The association aims to act as the unified voice for inland ports across the nation, focusing on promoting, supporting, and... →

Labour department, IDC launch round two of the Innovation Fund

27th May 2024 The Department of Employment and Labour, in partnership with the Industrial Development Corporation (IDC), has announced the launch of the second round of the National Pathway Management Network’s (NPMN’s) Innovation Fund, an initiative of the Presidential Youth Employment Intervention (PYEI).... →

bp, Shell agree to sell Sapref land, associated assets to the CEF

27th May 2024 Following successful negotiations, bp Southern Africa and Shell Downstream South Africa (SDSA) have reached an agreement for the sale of their respective 50% ownership of assets located at the Sapref refinery precinct, in KwaZulu-Natal, to South African State-owned entity the Central Energy Fund... →

Sapref refinery

ALPLA, Re-Purpose partner to strengthen plastics cycle in South Africa

27th May 2024 Plastic packaging manufacturer and recycler the ALPLA Group and waste repurposing company Re-Purpose have announced a strategic partnership that is expected to advance sustainable packaging solutions and strengthen the feedstock value chain of ALPLA’s first polyethylene terephthalate (PET)... →

Photo by ALPLA/Re-Purpose
Re-Purpose uses a reverse collection model

Tiger Brands’ interim results impacted by trading conditions, leadership transition

27th May 2024 JSE-listed Tiger Brands says it results for the six months ended March 31 reflect a tough trading environment, with negative volume growth across retail and wholesale channels, as well as the impact of its shift in focus to restructuring and implementing a new operating model. Since Tjaart... →

Patel to leave Cabinet after elections

24th May 2024 Trade, Industry and Competition Minister Ebrahim Patel has announced that he will conclude his service in Cabinet after next week's election. “I wish to thank the President [Cyril Ramaphosa] and the African National Congress for the trust and confidence shown during my period in office and the... →

Photo by Bloomberg
Trade, Industry and Competition Minister Ebrahim Patel

Speakers highlight focus areas to tackle mine water challenges

23rd May 2024 South Africa has made considerable strides in addressing mine water challenges; however, it is imperative that these efforts are bolstered and improved upon, through aligning research with implementation, ensuring that the correct processes are in place and adapting the regulatory environment to... →

West Coast diamonds events, excursion a success

22nd May 2024 The West Coast Diamond Event and Excursion, held on May 17 and 18 in Port Nolloth, in the Northern Cape, and hosted by the Geological Society of South Africa’s (GSSA's) Northern Cape branch, has been lauded as a “great success” with positive feedback received from attendees. This is according to... →

The West Coast Diamond Event and Excursion

CSIR simulation assisting in truck flow improvement on the N4 corridor

22nd May 2024 A simulation model developed by a team at the Council for Scientific and Industrial Research (CSIR), in Pretoria, is being used as a tool to improve the flow of trucks on the N4 road corridor. These trucks, mostly loaded with export minerals, travel from the mines in the North West, Mpumalanga... →

Road export process flow infographic

Edison increases its valuation of Pan African despite lower production forecast

22nd May 2024 Analyst Edison Investment Research has increased its valuation of South African gold miner Pan African Resources to $0.48 a share, from $0.41 previously. London- and Johannesburg-listed Pan African earlier this month announced that it had revised its 2024 full-year production guidance to between... →

Summit emphasises imperativeness of supporting SMMEs

21st May 2024 Small, medium-sized and microenterprises (SMMEs) in the country are grappling with various challenges, including a lack of coordination between the public and private sectors, insufficient financial support, addressing the skills gap and empowerment through funding and government support. Despite... →

Speakers explore process heat supply alternatives

20th May 2024 With South Africa facing an imminent gas supply cliff, and the need to decarbonise becoming increasingly imperative, industrial gas users are facing considerable challenges and may need to explore alternative solutions for process heat supply. This was outlined by speakers during EE Business... →

Implats concludes a new empowerment transaction at Impala Rustenburg, Impala Bafokeng

20th May 2024 JSE-listed Impala Platinum (Implats) has concluded a series of agreements, facilitating the implementation of a broad-based black economic empowerment (BBBEE) transaction at its Impala Rustenburg and Impala Bafokeng assets. The transaction will result in 13% BBBEE ownership at both Impala... →

Implats has concluded a series of agreements, facilitating the implementation of a B-BBEE transaction at its Impala Rustenburg and Impala Bafokeng assets

Employment environment bleak, but there are opportunities for improvement

20th May 2024 The 2024 ‘UASA South African Employment Report’ and second UASA/Bureau of Market Research (BMR) Employment Index paints a bleak picture of the country’s employment situation; however, there are areas of focus that can be pursued to turn this around, including skills development to capitalise on... →

Petra weathers lower diamond prices in latest tender

17th May 2024 Independent diamond miner Petra Diamonds’ sixth tender cycle for the 2024 financial year yielded $44-million from the sale of 371 000 ct. CEO Richard Duffy says like-for-like prices were marginally down through this seasonally quiet period, being 2.6% lower than for Tender 5, with demand... →

CEO Richard Duffy

Thumbs up to newly passed Climate Change Bill

17th May 2024 Industry organisation the Energy Council of South Africa has welcomed the passing of the Climate Change Bill by Parliament on April 25. “The Climate Change Bill is a critical piece of legislation that seeks to enable the development of an effective climate change response and a long-term just... →

Energy Council CEO James Mackay

Afrimat delivers strong full-year results, continuing growth

16th May 2024 During its financial year to February 29, midtier mining and materials company Afrimat invested considerably in projects that are expected to yield fruitful returns and further strengthen diversity and competitive advantage, group CEO Andries van Heerden said. One such project was the Nkomati... →

CEO Andries van Heerden

RMB provides bespoke $100m funding package to Powerfleet

16th May 2024 Financial services provider Rand Merchant Bank (RMB) acted as the sole mandated lead arranger and funder of a $100-million funding package for global telematics business Powerfleet. The entity was created from a merger between Powerfleet and Mix Telematics. The combined business aims to become a... →

Mantashe engages with stakeholders over Lily, Barbrook mines’ reopening

15th May 2024 Mineral Resources and Energy Minister Gwede Mantashe on May 15 held a stakeholder engagement session that deliberated on the plans to reopen the Lily and Barbrook gold mines in Mpumalanga. Attended by stakeholders representing Vantage Goldfields, the Lomshiyo Traditional Council, the business... →

Mineral Resources and Energy Minister Gwede Mantashe

Lotus bolsters its management team

15th May 2024 ASX-listed Lotus Resources has appointed four experienced resource executives to provide the company with additional experience in project development, operations, technical and corporate development, including project financing. Michael da Costa will join Lotus as COO at the end of May. →

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