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Mzisa called upon to ‘closely monitor’ inquest into Impala accident that killed 13
9th October 2024 The Portfolio Committee on Mineral and Petroleum Resources has called on the Chief Inspector of Mines David Mzisa to closely monitor the imminent inquest into the accident that claimed the lives of 13 mineworkers at an Impala Platinum mine, in Rustenburg, on November 27 last year. A further 73... →
DRA Global wants to delist from JSE, ASX
9th October 2024 Mining consulting engineering company DRA Global has announced its intention to delist from both the ASX and the JSE. As part of this process, it intends to undertake an off-market equal access share buyback once shareholder approval is obtained. The dual delisting and the share buyback proposals... →
Mondi to acquire €634m worth of assets from German Schumacher Packaging
9th October 2024 Multinational sustainable packaging and paper producer Mondi has entered into an agreement to acquire the German, Benelux and UK corrugated converting and solid board operations of Schumacher Packaging. This acquisition of Schumacher Packaging’s western European packaging assets will expand... →
$21bn increase in off-grid solar investment needed to facilitate universal energy access
8th October 2024 A $21-billion increase over current investment levels is required to realise the off-grid potential of solar power to contribute to universal energy access, according to the latest ‘Off-Grid Solar Market Trends Report’ (MTR) 2024, published on October 8 by the World Bank’s Energy Sector... →
Lotus reveals accelerated restart plan for Kayelekera uranium project
8th October 2024 ASX- and OTCQX-listed Lotus Resources has announced an accelerated restart plan for its Kayelekera project, in Malawi, following the completion of front-end engineering design (FEED). Lotus said it was now moving into detailed engineering and on-site works for Kayelekera’s low-capital-intensity... →
Sanbrado’s third-quarter output dips but is on plan
8th October 2024 Despite a 6% quarter-on-quarter dip in third-quarter production to 47 799 oz at the Sanbrado mine, in Burkina Faso, the operations delivered according to plan, ASX-listed gold mining company West African Resources (WAF) has reported. In a production update issued on October 8, the company... →
Applications open for 2024 NextGen Space Challenge
8th October 2024 Innovate UK Global Alliance Africa has officially announced the launch of the 2024 NextGen Space Challenge, a key initiative under the UK-Africa Space Technology for Sustainability Global Innovation Network – a collaboration platform designed to leverage space technology to address sustainability... →
South Africa’s emissions to peak in 2024, reach decade low in 2030 – report
7th October 2024 South Africa’s overall emissions will reach their peak this year and will be followed by a downward trend that will culminate in the lowest emissions this decade in 2030, the draft first 'Biennial Transparency Report' (BTR) shows. The BTR, which was published by Forestry, Fisheries and the... →
Aterian reports 9.25% copper sample from newly discovered mineralised zones at Jebilet Est
7th October 2024 LSE-listed Aterian has identified several new mineralised zones at its Jebilet Est copper project in Morocco. Among these discoveries is a copper sample that returned a grade of 9.25% from isolated vein outcrops in an area of thin soil cover. This sample was recovered from a previously untested... →
Costco adds platinum bullion bars, coins to its online precious metals investment offering
7th October 2024 The world’s third largest retailer Costco has added platinum bullion bars and coins to its range of precious metals investment products. This follows the company’s initiative to sell gold bullion investment products, which launched in the second quarter of 2023. →
South Africa’s reindustrialisation requires collaboration between multiple sectors
4th October 2024 To achieve reindustrialisation in South Africa, collaboration across industries is crucial, Kearney metals and mining global lead Igor Hulak said during the second day of the Joburg Indaba, in Johannesburg, on October 3. He emphasised that reindustrialisation "cannot be done only by one industry... →
Technology adoption needs to come from the top – panel
4th October 2024 Leadership must foster a culture of innovation across all levels of the workforce and clearly communicate the strategic rationale for the successful adoption of modern mining technologies, enabling employees to internalise these changes, a panel of experts agreed during a discussion held on the... →
Natural diamond supply has peaked, De Beers’ Madondo says
4th October 2024 De Beers group managed operations CEO Moses Madondo has said the supply of natural diamonds has peaked, with dwindling new discoveries on the horizon. “We must recognise that we are already past the peak for diamond supply. Despite extensive exploration, only one commercial discovery – the Luele... →
1.25m coal jobs may vanish by 2035
4th October 2024 Research firm McKinsey’s inaugural ‘Global Materials Perspective’ report shows that, while the green energy transition could generate 340 000 global jobs to scale critical minerals and metals supply by 2035, 1.25-milion jobs may be at risk, driven by the associated decrease in thermal coal... →
Transparent solar glass for generating power from building façades launched in South Africa
4th October 2024 Through a collaboration between Australian glass solar technology developer ClearVue and local technology distributor Concept Business Solutions, a novel transparent glass solar panel technology for use in building facades has been launched in South Africa. Concept Business Solutions will be the... →
Corruption Watch launches Best Practice Guideline on Community Consultation for mining industry
3rd October 2024 Anticorruption nonprofit organisation Corruption Watch (CW) has launched the Best Practice Guideline on Community Consultation in the South African Extractives Industry 2024 (BPG), as part of the EU-funded Rallying Efforts to Accelerate Progress in Africa project. Considering the context and... →
First Mwari deployed in Mozambique returns to Wonderboom for inspection
3rd October 2024 The first Mwari precision strike aircraft deployed in Mozambique returned recently to Paramount’s aircraft production facility at Wonderboom Airport, in South Africa, for its major original equipment manufacturer inspection, also known as a C-check. The aircraft, which was developed by Paramount... →
R273m govt-funded Orion tank farm in Gqeberha unveiled
3rd October 2024 The Orion Engineered Carbons (OEC) tank farm project, in Zone 7 of the Coega Special Economic Zone (CSEZ) in Gqeberha, in the Eastern Cape, has officially been unveiled. Trade, Industry and Competition chief director of infrastructure Justice Ngwenya, who addressed the official launch, said the... →
Infrastructure rehabilitation, more exploration crucial for South African mining industry growth, Mthenjane says
2nd October 2024 Minerals Council South Africa CEO Mzila Mthenjane believes that growing the South African mining industry depends on restoring mining capacity through infrastructure rehabilitation in the short term and increasing exploration in the medium to long term. Speaking at the Joburg Indaba on October 2,... →
Steenkamp, Baxter inducted into Joburg Indaba Mining Hall of Fame
2nd October 2024 Launched in 2016 as a way of recognising key individuals who have significantly influenced the South African mining industry over many years, the Joburg Indaba Mining Hall of Fame has inducted two new members. They are Harmony Gold CEO and executive director Peter Steenkamp, who has 30 years’... →
Decarbonisation key to achieving operational excellence in mining, metals – report
2nd October 2024 Decarbonisation is key to achieving operational excellence for metals and mining companies, professional services firm KPMG’s latest ‘Metals and Mining Outlook’ has revealed. The report, published on October 1, surveyed 453 C-level executives from 20 countries across the metals and mining sector.... →
TNPA issues request for information for multipurpose terminal at Mossel Bay
2nd October 2024 State-owned Transnet National Ports Authority (TNPA) has initiated a request for information (RFI) process for a multipurpose terminal (MPT) at the Port of Mossel Bay’s Quay 4 precinct, in the Western Cape. The RFI calls on interested parties to submit proposals to design, develop, finance,... →
Impact of US election outcomes on global climate change efforts ‘overblown’, Olver says
1st October 2024 Fears around what the outcome of the upcoming US Presidential elections will mean for the green energy transition and fight against climate change are somewhat overblown, Presidential Climate Commission executive director Crispian Olver has said. “We're all on tenterhooks for the outcome of the... →
Mining industry highlights lack of capacity, capital to support energy transition as key risk in 2025
1st October 2024 The mining and metals sector needs to accelerate growth and build additional capacity to support the energy transition. This trend, alongside the need to maintain capital discipline, has elevated capital to the number one risk facing the industry in 2025, according to the newly released ‘Top 10... →
Ramokgopa confident he can head off Eskom’s ‘untenable’ tariff hike with policy adjustments
1st October 2024 Electricity and Energy Minister Dr Kgosientsho Ramokgopa is confident that State-owned utility Eskom’s proposed tariff increase for direct customers of 36.15%, and a 43.55% hike in municipal tariffs, will not come to pass. On September 24, Engineering News reported that the National Energy... →
UAE firm signs MoU with PIC to advance South Africa’s mining, green energy, transport and logistics sectors
30th September 2024 United Arab Emirates (UAE) diversified natural resources company International Resources Holding (IRH) has signed a memorandum of understanding (MoU) with South Africa's State-owned Public Investment Corporation (PIC) to collaborate on unlocking value across the mining, green energy and transport... →
Aterian proves copper/silver mineralisation at Morocco project
30th September 2024 LSE-listed Aterian has announced the completion of a scout reverse circulation (RC) drilling programme at its 100%-owned 34.5 km2 Agdz copper/silver project, in Morocco's eastern Anti-Atlas mountains, demonstrating mineralisation across the project area. The programme consisted of 13 RC holes... →
PPC reports continued decline in revenue from March to July
30th September 2024 JSE-listed cement company PPC has reported a 2.1% decline in revenue for the four months ended July 31, compared with the same period last year. The decline follows PPC’s recent efforts to stabilise its balance sheet, sell non-strategic assets and improve overall profitability and returns on... →
Barrick awards Metso €70m contract for copper processing technology at Lumwana
30th September 2024 Gold and copper miner Barrick Gold has awarded mineral processing technology company Metso an order for the supply of copper concentrator plant equipment to its Lumwana expansion project in the North-Western province in Zambia. The value of the order is about €70-million and it is booked in... →
Amazon launches Shop Mzansi storefront to support local products
27th September 2024 Online retailer Amazon.co.za has launched ‘Shop Mzansi’ – a curated storefront on Amazon.co.za showcasing unique local products that reflect South Africa’s diverse cultures. Shop Mzansi features thousands of products across different categories – including toys, home and kitchen appliances,... →
First Egg Master Plan project hatched in Gauteng West Rand
27th September 2024 Gauteng Agriculture and Rural Development MEC Vuyiswa Ramokgopa has launched the first Egg Master Plan project, the Shumbaset egg packing station, in the Gauteng West Rand. The project will involve the sorting, grading, packaging and distribution of chicken eggs. Shumbaset is representative of a... →
OPEC Fund signs off on $65m clean energy and infrastructure development financing for Madagascar
27th September 2024 The Organization of the Petroleum Exporting Countries (OPEC) Fund for International Development has signed off on two financing agreements with Madagascar totalling $65-million to boost support for sustainable socioeconomic development and energy transition. A $35-million loan will support the... →
Emmerson CFO resigns as Khemisset project seeks environmental approvals
27th September 2024 London-listed potash developer Emmerson CFO Jim Wynn has resigned to pursue another opportunity elsewhere, the company revealed on September 27. Wynn, who joined the company in February 2022, will leave his role on September 30. Emmerson stated that the process of finding a successor would begin... →
Mining industry shed nearly 7 000 jobs in the second quarter
27th September 2024 The mining sector shed 6 926 jobs in the second quarter, according to Statistics South Africa’s latest Quarterly Employment Statistics (QES), bringing the total number of workers still employed in the sector to 472 153. The second-quarter decline follows mining job losses of 2 696 in the first... →
Chrome shipments below Maputo corridor capacity
27th September 2024 The Maputo Corridor is being underused by chrome exporters, Transnet Freight Rail (TFR) northeast corridor acting managing executive Mandisa Mondi has said. Speaking at the Critical Materials Conference: Ferroalloys 2024, in Johannesburg, on September 11, she challenged chrome producers to... →
Wärtsilä renews operations and maintenance agreement with Zambian energy company
26th September 2024 Technology group Wärtsilä has signed a renewal of its operations and maintenance (O&M) agreement covering the 105 MW power plant owned by independent power producer Ndola Energy Company in Zambia. The previous agreement had been in force since 2013. →
ICMM publishes guidance on safe transportation of critical minerals
26th September 2024 Nonprofit organisation ICMM has published updated guidance for improving accurate hazard assessment of ores and concentrates during maritime transportation and reducing hazard-related risks. The ICMM, upon publishing the guidance on September 26, said hazard assessment is the critical first step... →
Andrada reports higher ore production, processing in midyear update
26th September 2024 Aim- and OTCQB-listed Andrada Mining has reported year-on-year increases in ore production and processing in its unaudited operational update for the first six months and the second quarter of its 2025 financial year. The update indicates continued growth in both production and efficiency, with... →
Barloworld characterises 11-month performance as ‘resilient’ despite overall decline
26th September 2024 Diversified industrial company Barloworld has reported a 7.4% decline in group revenue from R40.4-billion to R37.4-billion for the 11 months ended August 31, compared with the same period last year. In a voluntary trading update published on September 26, Barloworld revealed that earnings before... →
Macpherson, AGSA commit to working together to iron out DPWI financial mismanagement
25th September 2024 Following a meeting between Public Works and Infrastructure Minister Dean Macpherson and the Auditor-General of South Africa (AGSA) on September 25, the two parties have committed to working together to assist the Department of Public Works and Infrastructure (DPWI) in improving its performance... →
AFC signs concession agreements with Angola, Zambia to advance Lobito rail project
25th September 2024 Infrastructure financier Africa Finance Corporation (AFC) has signed concession agreements with the governments of Angola and Zambia for the financing, construction, ownership and operation of the Zambia Lobito rail project. The agreements pave the way for AFC to spearhead and complete the... →
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