South Africa’s emissions to peak in 2024, reach decade low in 2030 – report

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... 

Greater coordination needed to realise green-hydrogen aspirations

Despite enthusiasm for the development of a hydrogen economy from the public and private sectors, there remains a significant lack of coordination to effectively implement projects and bring the... 

Greater coordination needed to realise green-hydrogen aspirations

Despite enthusiasm for the development of a hydrogen economy from the public and private sectors, there remains a significant lack of coordination to effectively implement projects and bring the... 

Afrimat posts 45.4% drop in operating profit after ‘extremely stressful’ first half

Although mid-tier mining and materials company Afrimat recorded a year-on-year revenue increase of 44.3%, from R2.8-billion to R4.1-billion for the six months ended August 31, its operating profit... 

Local supply chain challenges pose significant threat to localised manufacturing

If hydrogen technology developer Mitochondria Energy CEO Mashudu Ramano had known beforehand how difficult it would be to find local suppliers for hydrogen fuel cell and electrolyser parts, he... 

Govt focused on domestic investments to stimulate manufacturing

Government is set to increase investment into key industries that will bolster local manufacturing, Department of Trade, Industry and Competition industrial procurement and development chief... 

Sidestepping industrialisation to move straight to services is hurting the economy, Cilliers says

Skipping industrialisation and transitioning directly to the services sector is one of the key reasons for Africa’s lacklustre economic growth, Institute for Security Studies founder and former... 

Manufacturers globally are concerned about market instability

Manufacturers are concerned because of the volatility, uncertainty, complexity and ambiguity in global, regional and local markets, World Manufacturing Foundation (WMF) scientific VP Professor Dr... 

Eskom prepaid customers reminded to recode their meters before November 24

State-owned utility Eskom has urged prepaid electricity customers to recode their meters by November 24, as required by the Standard Transfer Specification Association. After this deadline, meters... 

Altona confirms iron-ore, copper, gold prospectivity at Zambia project

Results from a geophysical and geochemical data assessment for London-listed Altona’s new Kabompo South project, in Zambia, performed by Namibia-based geophysical services company Earthmaps... 

Automotive industry the ‘unsung hero’ of the South African economy – Mavuso

Business Leadership South Africa (BLSA) CEO Busi Mavuso has described the domestic automotive industry as the “unsung hero of the South African economy” after joining the naamsa | The Automotive... 

Akobo to secure NKr30m convertible loan

Scandinavian gold exploration and mining company Akobo Minerals has initiated a process to secure a two-year convertible loan of up to NKr30-million. The loan will offer a 20% yearly interest rate... 

Political interference undermining South Africa’s coal potential – Prevost

South Africa has the potential to be the strongest producer, user and exporter of coal on the continent, but political interference prevents this from happening, XMP Consulting senior coal analyst... 

German energy expert says energy transition a mistake

The energy transition in its current form, as a grid-scale build out of wind and solar with the goal to replace oil, coal, and gas, is probably one of the greatest mistakes that humanity has ever... 

Menar MD pushes back on request to lower prices

Coal and manganese mining group Menar MD Vuslat Bayoğlu has pushed back on a request by Energy and Electricity Minister Kgosientsho Ramokgopa’s special adviser Silas Zimu for domestic coal... 

Domestic coal suppliers asked to lower price asked of Eskom

Energy and Electricity Minister Kgosientsho Ramokgopa’s special adviser, Silas Zimu, has implored South African coal producers to temporarily sell coal to State-owned utility Eskom at a reduced... 

Insurance M&A dealmaking up in early 2024 – PwC

Auditing firm PwC says the first half of this year saw a measured uptick in dealmaking across the insurance industry, both globally and in South Africa However, despite the emergence of a turning... 

AMSA reports R1bn third-quarter loss amid ‘particularly difficult period’

Steel producer ArcelorMittal South Africa (AMSA) has reported a headline loss of a little more than R1-billion for the third quarter. “The global and local steel market deteriorated further since... 

‘Support and commitment’ not enough to save long steel business, urgent action needed – AMSA

Government’s support for, and commitment to, addressing the removal of export tax on scrap metal, resetting the price preference system (PPS) mechanism at an appropriate level, implementing trade... 

Positive credit rating indicates stable outlook for Northam in South Africa

Credit rating agency GCR Ratings has reaffirmed Northam Platinum’s national-scale long-term and short-term credit ratings at A+(za) and A1(za), respectively, with the outlook maintained as stable.... 

Metalkol embarks on Copper Mark assurance process

Diversified miner Eurasian Resources Group’s (ERG’s) Metalkol operation, in the Democratic Republic of Congo (DRC) has officially begun the Copper Mark assurance process, in line with a letter of... 

Koryx raises $9.6m in private placement, extends offer to raise $17m

TSX-listed Koryx Copper has closed the first tranche of a previously announced non-brokered private placement on October 11, raising about $9.6-million for the sale of about 8.7-million common... 

DPWI, ISA launch project preparation bid window to expand infrastructure investment

The Department of Public Works and Infrastructure (DPWI), together with government agency Infrastructure South Africa (ISA), has opened a novel project preparation bid window to invite submissions... 

naamsa announces Accelerator Awards finalists

Industry body naamsa | The Automotive Business Council has announced the finalists for the upcoming naamsa Accelerator Awards. The winners will be announced at an inaugural event at the Cape Town... 

Global steel demand to decline by a further 0.9% in 2024 – worldsteel

The World Steel Association (worldsteel) expects global steel demand to decrease by 0.9% to 1.75-billion tonnes this year. “2024 has been a difficult year for global steel demand as the global... 

Caracal confirms receipt of $600 000 in funding

Gold producer Caracal Gold has confirmed receipt of $600 000 in funding, comprising a $500 000 financing agreement with Koenig Vermoegensverwal announced on October 1 and a $100 000 loan agreement... 

Oriole encounters several new mineralised intersections at Bibemi

As part of the fully funded Phase 5 diamond drilling programme currently under way at Aim-listed Oriole Resources’ 82.2%-owned Bibemi orogenic gold project, in Cameroon, the company has encountered... 

Neo Energy to expand its landholding in the Northern Cape

LSE- and A2X-listed Neo Energy Metals’ South African subsidiary Neo Uranium Resources South Africa (Nursa) has entered into a binding heads of agreement to acquire a 100% interest in the Henkries... 

LNG terminal enviro-impact assessment out on tender

State-owned Transnet subsidiary Transnet National Ports Authority (TNPA), in collaboration with Infrastructure South Africa (ISA) and the Industrial Development Corporation, has approached the... 

Defence industry body CEO calls for PPPs to fund SANDF projects

The CEO of the South African Aerospace, Maritime and Defence Industries association, Sandile Ndlovu, has called for the use of public-private partnerships (PPPs) to help fund defence projects in... 

Significant near-mine discoveries promise to keep Kibali going for a long time

New York- and Toronto-listed Barrick Gold has said there are significant near-mine discoveries within trucking distance of its Kibali plant in the Democratic Republic of Congo (DRC) that could... 

Msiza called upon to ‘closely monitor’ inquest into Impala accident that killed 13

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... 

DRA Global wants to delist from JSE, ASX

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... 

Mondi to acquire €634m worth of assets from German Schumacher Packaging

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... 

$21bn increase in off-grid solar investment needed to facilitate universal energy access

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... 

Lotus reveals accelerated restart plan for Kayelekera uranium project

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... 

Sanbrado’s third-quarter output dips but is on plan

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... 

Applications open for 2024 NextGen Space Challenge

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... 

South Africa’s emissions to peak in 2024, reach decade low in 2030 – report

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... 

Aterian reports 9.25% copper sample from newly discovered mineralised zones at Jebilet Est

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...