Tasneem Bulbulia

https://staging1.creamermedia.com/

Tasneem Bulbulia

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

Arc starts drilling at Botswana project

14th June 2024 London-listed Arc announces the start of an exploration drilling programme over the company’s PL135/2017 and PL162/2017 licences at its Virgo project within the highly prospective central structural corridor of the Kalahari Copper Belt (KCB) in Botswana. At the end of May, Arc reported on the... →

candi solar secures $38m funding for clean energy expansion in South Africa, India

14th June 2024 Clean energy company candi solar has successfully closed its Series C funding round, securing $38-million in equity investment. The round was led by Norfund, Kyuden International, and STOA Infra and Energy. →

candi solar has a wide geographical presence across South Africa and India

Nitrous oxide emissions grew by 40% from 1980 to 2020, study finds

14th June 2024 Emissions of nitrous oxide – a greenhouse gas (GHG) said to be more potent than CO2 or methane – continued unabated between 1980 and 2020, a year when more than ten-million metric tons were released into the atmosphere primarily through farming practices, according to a new report by the Global... →

Global nitrous oxide budget infographic

Volt expands team to facilitate growth to field operations

14th June 2024 Lithium development and technology company Volt Lithium has appointed Dave Kimery as COO, Derek McFarlane as production engineer and field operations, and Greg Foofat as investor relations VP. Since the beginning of 2024, Volt has expanded its operational team to prepare for field operations in... →

Plain language voluntary standard published

14th June 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. →

Ivanhoe completes Phase 3 concentrator construction at DRC copper complex

14th June 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

Sustainability reports highlights Osino’s investment in jobs, Namibia’s economy

13th June 2024 TSX-listed Osino Resources’ Twin Hills gold project, located near Karibib in Namibia, is on track to create about 1 000 new jobs in the region, the company’s third annual sustainability report shows. The report summarises the company’s social, environmental and economic performance for the year... →

Twin Hills gold project

Gold Fields lowers full-year output guidance as Chile mine hit by severe weather

13th June 2024 JSE- and NYSE-listed Gold Fields has revised its group-wide full-year production guidance downward, from between 2.33-million and 2.43-million ounces, to between 2.20-million and 2.30-million ounces, owing to a production revision at its Salares Norte project, in Chile, where production is... →

The Salares Norte mine in Chile

Hardin Ratshisusu appointed acting commissioner of the National Consumer Commission

13th June 2024 Trade, Industry and Competition Minister Ebrahim Patel has designated Hardin Ratshisusu as acting deputy commissioner and acting commissioner of the National Consumer Commission effective May 1. He also serves as a deputy commissioner at the Competition Commission, a position he has held since 2016. →

Bezant marks progress at Namibia project

13th June 2024 Aim-listed Bezant Resources has completed the chain of contractor services that will make up the Hope and Gorob mining operation, chairperson Colid Bird outlines in an update on the copper/gold project in Namibia. Letters of preparedness have been received from the main contractors responsible... →

South32’s Samancor Manganese to sell Metalloys smelter to South African company

13th June 2024 South32 subsidiary Samancor Manganese has entered into a binding agreement for the sale of the Metalloys manganese alloy smelter, in Gauteng, to Khwelamet, an entity jointly owned by Menar and Ntiso Investing Holdings. Completion of the transaction is subject to certain conditions, including... →

Metalloys manganese alloy smelter

Eskom replaces over 400 transformers damaged by overloading

12th June 2024 State-owned utility Eskom says that, to date, it has replaced 400 transformers damaged by network overloading since January. The entity points out that, as demand for electricity rises while temperatures fall with the onset of winter, the issue of network overloading has resurfaced in some areas... →

Photo by Bloomberg
Eskom has replaced 400 transformers damaged by network overloading since January

Kinetiko secures A$4.9m

12th June 2024 ASX-listed Kinetiko Energy’s renounceable pro-rata entitlement offer to eligible shareholders, announced in May, closed on June 11 and raised about A$4.9-million (before costs), with strong support from major shareholders and directors. The company is developing an energy transition solution for... →

Pilot phase at Sovereign’s Malawi project on track

12th June 2024 ASX- and Aim-listed Sovereign Metals says pilot site construction for the ongoing pilot mining and land rehabilitation programme (pilot phase) at the Kasiya rutile/graphite project, in Malawi, is on schedule, with groundworks under way. “This pilot phase is a step-change for Kasiya and... →

URA appoints Bonas Group as sales partner, qualifies as DelGatto client

12th June 2024 London-listed URA Holdings has appointed Bonas Group as its sales partner and to market and sell rough emeralds recovered from the company’s Gravelotte emerald mine (GEM) in South Africa. This strategic partnership will leverage Bonas Group’s extensive expertise in the diamond and gemstone... →

An emerald from Gravelotte

Event highlights gains, challenges in competition law space

12th June 2024 As South Africa commemorates 25 years of the Competition Act, there has been much progress in the competition law landscape and the learnings and insights gleaned from this can be used to support further gains and shape the future. This was highlighted by speakers during law firm Webber Wentzel’s... →

Judge David Unterhalter

Bühler pursuing sustainable solutions for food security, safety in South Africa, Africa

11th June 2024 Process solutions provider Bühler Southern Africa is looking to leverage the group’s global experience and innovation expertise, as well as its entrenched position in South Africa, to provide customers with sustainable solutions that can contribute to addressing the country’s and region’s food... →

Photo by Creamer Media's Tasneem Bulbulia
The company's local set-up in Johannesburg offers the following services: sales and service, project execution and manufacturing and logistics

Accreditation Day underlines importance of the SANAS

11th June 2024 In the current environment of fast-paced technological advancement, accreditation can enable organisations to embrace new technologies and drive innovation, as it provides a framework of trust and reliability. This was highlighted by speakers during the South African National Accreditation... →

ARC portfolio companies demonstrate resilience in challenging conditions

7th June 2024 JSE-listed African Rainbow Capital (ARC) Investments says that, despite an unfavourable macroeconomic environment for the quarter ended March 31, several portfolio companies have demonstrated resilience, and it remains committed to identifying promising investment opportunities In an update on... →

The ARC Fund continues to support the Elandsfontein mine’s operational ramp-up

Sibanye-Stillwater changes covenant flexibility of its credit facilities

7th June 2024 JSE- and NYSE-listed Sibanye-Stillwater has announced that the lenders of its revolving credit facilities (RCFs), which include a $1-billion and a R5.5-billion RCF, as well as its Silicosis Guarantee Facility, have agreed to uplift the leverage covenant limits for all the facilities, which the... →

Photo by Creamer Media's Donna Slater
CEO Neal Froneman

Long-term thinking key to managing South Africa’s mine water challenge

7th June 2024 While South Africa has made considerable strides in addressing mine water challenges, several areas require improvement and focus to ensure that the country continues on a positive trajectory and that the future landscape of the local mining industry is vastly improved. Such areas include... →

REGULATORY CHALLENGES South Africa needs an enabling environment to treat mine-impacted water

Long-term thinking key to managing South Africa’s mine water challenge

7th June 2024 While South Africa has made considerable strides in addressing mine water challenges, several areas require improvement and focus to ensure that the country continues on a positive trajectory and that the future landscape of the local mining industry is vastly improved. Such areas include... →

Harmony Gold Mining Company senior sustainable development manager Jozua Ellis

Balancell named fastest growing manufacturing company in Africa in new list

5th June 2024 The Financial Times, in partnership with Statista, has published its list of Africa’s 125 Fastest Growing Companies for the Year. In the top spot for manufacturing was Balancell Energy, a South African business that designs, engineers and manufactures smart lithium-ion batteries for multiple... →

Assembling batteries at Ndabeni

Liquidity position of many municipalities at risk

5th June 2024 National Treasury has released the ‘Local Government Revenue and Expenditure Report’ for the third quarter of the 2023/24 financial year, which shows an underperformance of actual collections against billed revenue. Treasury warns that this holds a significant risk for the liquidity position of... →

SAB announces new alcohol-free beer with Vitamin D

5th June 2024 Beverage maker South African Breweries (SAB) has announced a new addition to its portfolio, the premium beer brand, Corona Cero – an alcohol-free beer with Vitamin D. SAB says this is an option for both existing and new beer drinkers who are looking for an alcohol-free option. →

Diamcor closes first tranche of increased placement

5th June 2024 TSX-V-listed Diamcor Mining has closed a $1.4-million first tranche of a nonbrokered private placement following receipt of conditional acceptance of the offering from the TSX-V. The company now anticipates the offering will be oversubscribed and has increased the total amount of the original... →

Dry screening plant at the Krone-Endora at Venetia project

Petrol, diesel prices set for big decrease

4th June 2024 The Department of Mineral Resources and Energy has announced that both grades of petrol – 93 and 95 – will decrease by R1.24 a litre, with effect from June 5. Diesel prices will also decrease by between R1.08 and R1.18 a litre. →

Photo by Creamer Media
Petrol prices will decrease this month

Hummingbird bolstered by strong Mali performance, weathers Guinea challenges

4th June 2024 Aim-listed Hummingbird became a multi-asset, multi-jurisdiction gold producer in the full -year to December 31, with its Yanfolila mine, in Mali, performing strongly and meeting guidance, and the group achieving first gold production at Kouroussa mine, in Guinea, despite facing challenges in the... →

Yanfolila

Pan African concludes 5-year wage agreement at Barberton Mines, ESOP matures

4th June 2024 JSE-listed Pan African Resources has concluded a milestone five-year wage agreement for increases and other conditions of service with the National Union of Mineworkers (NUM), the representative union for Category 4 to 8 bargaining unit employees, at its Barberton Mines operations. The agreed... →

Barberton mine

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. →

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