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Three South Africans shortlisted in Africa Prize for Engineering Innovation competition
23rd November 2022 A shortlist of 15 African entrepreneurs and their pioneering technologies – aimed at environmental rehabilitation, education and human health and safety – have been selected for the 2023 Africa Prize for Engineering Innovation. This year’s innovations include a treatment to convert acid mine... →
Jubilee achieves export-grade cobalt from Sable refinery
22nd November 2022 Aim- and Altx-listed metals processing company Jubilee’s Zambia-based Sable Refinery has successfully produced export-grade cobalt, enabling a ramp-up of operations. Sable has also successfully commissioned the direct leaching and refining of copper sulphide material in addition to the recovery... →
Omnia sees further growth in targeted sectors, interim earnings up 30%
22nd November 2022 JSE-listed diversified chemicals producer Omnia grew its interim earnings before interest, taxes, depreciation and amortisation, excluding its Zimbabwean operations and impairments, by 30% year-on-year to R1.4-billion for the six months ended September 30. This resulted in the group’s adjusted... →
The Impact Catalyst launches in Mpumalanga
21st November 2022 Large-scale, socioeconomic development initiative driver The Impact Catalyst was launched in Mpumalanga on November 21 to promote initiatives designed to leverage collaboration to deliver a collective, cross-sectoral impact. The Impact Catalyst – founded by Anglo American, the Council for... →
New-vehicle sales, production rose in the third quarter
18th November 2022 Despite adverse economic disruptions and recovery efforts from severe flooding in KwaZulu-Natal in the second quarter of the year, new-vehicle sales increased by 16.9% year-on-year and 17.6% quarter-on-quarter in the third quarter, reports the National Association of Automobile Manufacturers of... →
CoJ welcomes investigation into JRA CEO’s qualifications
18th November 2022 City of Johannesburg (CoJ) executive mayor Mpho Phalatse and Transport MMC Funzi Ngobeni say it is appropriate that the Johannesburg Roads Agency (JRA) CEO Tshepo Mahanuke has been placed on special leave pending an independent investigation. Mahanuke is alleged to have overstated his... →
Corporate boards urged to stop regarding ESG as an ‘external threat’ driven by activists and shareholders
11th November 2022 South African companies need to change how they view the factors of the environment, social impact and corporate governance, otherwise known as ESG, from that of a toxic external threat and to a measure that will contribute towards a business’s long-term sustainability, nonprofit shareholder... →
World Diamond Council proposal breaks Kimberley Process ratification impasse
10th November 2022 A proposal by the World Diamond Council (WDC) managed to break an impasse at this year’s Kimberley Process (KP) meeting, in Botswana, during which a communiqué had to be ratified by consensus on the implications of the war in Ukraine on the Kimberley Process. For several hours during the final... →
NUM to celebrate 40 years
9th November 2022 The National Union of Mineworkers (NUM) will celebrate its fortieth anniversary at the old Peter Mokaba Stadium in Polokwane, Limpopo, on December 4. Established in 1982 in Klerksdorp (now Matlosana), the NUM was initially led by general secretary Cyril Ramaphosa, president James Motlatsi and... →
Commission prohibits merger between paint manufacturers
9th November 2022 The Competition Commission has prohibited a proposed transaction whereby Amsterdam-based chemicals company AkzoNobel intended to acquire paint and coatings manufacturers Kansai Plascon Africa (KPA) and Kansai Plascon East Africa (KPEA). The commission found that the proposed merger would result... →
Northam tables ‘firm intention’ to acquire remaining RBPlat shares
9th November 2022 JSE-listed platinum group metals (PGMs) miner Northam Platinum has announced its firm intention to acquire all remaining shares in fellow PGMs miner Royal Bafokeng Platinum (RBPlat) which it does not already own at R172.70 a share. The offer is a premium of about 15% to the November 8 offer by... →
Multi-partner fund launched to pool greenhouse-gas reduction funding
8th November 2022 The World Bank announces that a new multi-partner fund – the Scaling Climate Action by Lowering Emissions (Scale) – has been established to pool funding from the global community for scalable pathways to greenhouse-gas emissions reduction. The partnership, which includes donor countries, the... →
Council urges gold miners to plan further for climate change risks
8th November 2022 A report by the World Gold Council (WGC) into climate change and gold finds that the gold sector will likely require more consistent and systematic planning and wider collaboration, including closer engagement on climate-related risks with local communities, to deal with climate change risks. The... →
Triple Flag reports stable third-quarter performance
8th November 2022 TSX- and NYSE-listed gold-focused, emerging senior streaming and royalty company Triple Flag Precious Metals sold 19 523 gold-equivalent ounces (GEO) in the third quarter, down slightly from the 20 746 GEO sold in the corresponding period in 2021. Of this, gold comprised 11 918 GEOs and silver 6... →
First Movers Coalition members pledge $12bn in green purchase agreements
8th November 2022 The World Economic Forum (WEF) and the US Special Presidential Envoy for Climate have announced that global decarbonisation organisation the First Movers Coalition (FMC) is expanding with a $12-billion pledge in 2030 buying commitments for green technologies to decarbonise the cement and concrete... →
Aterian appoints new COO
8th November 2022 Critical and strategic metal-focused explorer and developer Aterian has appointed Luke Rogers COO with effect from November 1. He has over 14 years of international mining experience – working across multiple mining disciplines ranging from production mine engineering to mineral processing... →
M&R Cementation appoints MD following incumbent's 2023 retirement
7th November 2022 Underground mining contractor Murray & Roberts (M&R) Cementation has appointed Japie du Plessis MD designate, effective March 1, 2023, following the retirement of incumbent Mike Wells, who will leave the company at the end of February. Wells’ retirement marks the end of a mining career spanning... →
Partnership formed to improve localisation, support Transnet’s core business
7th November 2022 State-owned Transnet, the National Association of Automotive Component and Allied Manufacturers (NAACAM) and the National Empowerment Fund (NEF) will partner to boost localisation, domestic manufacturing capabilities and support areas core to Transnet’s business. The five-year partnership will... →
Petra says eastern wall of Williamson tailings dam breaches, teams on site
7th November 2022 Diamond miner Petra Diamonds reports that an eastern wall of a tailings storage facility at its Williamson mine, in Tanzania, was breached earlier on November 7, resulting in flooding away from the pit and extending into areas outside of the mine lease area. Emergency response teams from... →
World Bank’s Malpass visits Komati power station after approving JET loan
7th November 2022 Public Enterprises Minister Pravin Gordhan welcomed World Bank president David Malpass to State power utility Eskom’s Komati power station following the bank’s approval of a R9-billion ($497-million) concessional loan to repurpose and repower the coal-fired power station into one which uses... →
Drilling campaign expands Sanankoro resource
7th November 2022 West Africa-focused gold explorer and developer Cora Gold, undertaking drilling at an exploration target that is part of its Sanankoro gold project, in Mali, reports that the target has the potential to contain a gold resource of between 490 000 oz and 1.37-million ounces, grading at between 0.58... →
October sees gold ETF uptick, despite six-month decline
4th November 2022 The World Gold Council (WGC) reports that October data on gold exchange-traded funds (ETFs) points to market sentiment remaining “cloudy” as the commodity fell 12% from September, declining by 59 t and averaging $114-billlion in the month. October was also the six consecutive month gold ETFs... →
Buffalo Coal offers one-for-one rights offer to shareholders
4th November 2022 AltX- and TSX-V-listed South African coal miner Buffalo Coal Corporation will offer rights to South African and Canadian holders of its common shares, on a one-for-one basis, at the close of business on November 18. The company, which has 421.35-million common shares in issue, intends to use the... →
MC Mining completes A$40m rights offer
4th November 2022 Aim-, ASX- and JSE-listed coal explorer, developer and miner MC Mining has successfully concluded a fully underwritten renounceable rights offer, raising its targeted A$40-million through the issue of more than 200-million new ordinary shares. MC Mining CEO and MD Godfrey Gomwe says the... →
JDA appoints new contractor to restart Bramfischerville infrastructure construction
4th November 2022 The Joburg Development Agency (JDA) has restarted the construction of roads and stormwater infrastructure in Bramfischerville Extension 12, in Soweto, after the contracts of two previous contractors were terminated as a result of poor performance. The JDA says the construction of roads and... →
Gemfields to auction 187 775 ct Kafubu emerald cluster
3rd November 2022 Gemstone miner Gemfields is set to put on auction the 187 775 ct (37 555 g) cluster of emeralds that was unearthed in the Chama pit of the miner’s 75%-owned Kagem emerald mine, in Zambia, in March 2020. Viewings of the cluster opened on October 31, with bidding to close on November 17. →
Stable third-quarter production pushes Gold Fields’ earnings higher
3rd November 2022 With an all-inclusive cost (AIC) of $1 279/oz and sustaining cost of $1 061/oz, JSE- and NYSE-listed Gold Fields produced 597 000 oz of gold in the third quarter ended September 30. CEO Chris Griffith says the company – with nine operations across South Africa, Ghana, Peru, Chile and Australia –... →
Rio Tinto Exploration to start Mt Cecelia drilling as farm-in partner
3rd November 2022 ASX-listed precious and base metals explorer, developer and producer West Wits Mining reports that farm-in joint venture partner Rio Tinto Exploration (RTX) has started a maiden drilling programme at its Mt Cecelia project, in the Paterson Province of Western Australia. The initial three-hole... →
Enpower Trading, SolarAfrica Energy ink 20-year power purchase agreement
2nd November 2022 Energy trader Enpower Trading and solar energy firm SolarAfrica Energy have signed a 20-year power purchase agreement (PPA) to deliver up to 100 MW of renewable power supply. The PPA is the first contract secured for Enpower Trading, which has secured a licence from the National Energy Regulator... →
Commission refers competition complaint against Vita Gas to the tribunal
2nd November 2022 The Competition Commission has referred to the Competition Tribunal a complaint against Vita Gas for the alleged abuse of market dominance in the supply of liquified petroleum gas (LPG) from import terminals in the Western Cape. The commission found that Vita Gas allegedly contravened the... →
Solar provider gets RMB Corvest’s backing as a strategic partner
2nd November 2022 Private equity firm RMB Corvest has invested in Sedgeley Solar Energy Namibia (Sedgeley Energy) as a strategic partner to enable Sedgley Solar to capitalise further on rooftop solar photovoltaic (PV) opportunities. Independent investment banking firm Bravura, which was appointed by Sedgeley... →
Developing country carbon emissions clemency not applicable to South Africa – Nicholls
2nd November 2022 South Africa cannot be allowed to breach its climate change mitigation measures and Paris Agreement declarations despite it being an emerging country that is dependant and still heavily reliant on fossil fuels, South African Presidential Climate Commission mitigation head Steve Nicholls told... →
Emirates expands South African operations after air travel demand outstrips supply
2nd November 2022 Airline Emirates plans to again ramp up operations in South Africa with 42 weekly flights between Dubai and Emirates’ three gateways in South Africa – Cape Town, Johannesburg and Durban. Before the Covid-19 pandemic, Emirates offered 49 weekly flights between South Africa and Dubai, and the... →
Vega unveils new Lanseria-based Africa headquarters
1st November 2022 German instrumentation and control company Vega opened its new 6 000 m2 Africa head office and warehouse, in Lanseria, on October 31, to enhance service in the country, as well as expand services and products into Southern and Central Africa. Having previously occupied a 1 000 m2 Africa head... →
Shell launches engine-cleaning diesel into local commercial market
28th October 2022 Petrochemicals producer Shell Commercial Fuels launched a new formulation of its FuelSave diesel additive-based fuel in South Africa on October 28. The company says the fuel incorporates injector cleaning properties, along with other efficiency benefits. →
Alstom accelerating hydrogen train development with key roll-out in Europe
28th October 2022 Having spent about six years on developing a range of hydrogen fuel cell-powered trains, mobility solutions provider Alstom is accelerating its refinement and roll out of the zero harmful-emissions trains, especially in Europe, where diesel trains are still pervasive on low-density lines. Across... →
Partnership formed to grow Gauteng on the Move initiative
28th October 2022 The Gauteng Transport Authority (GTA) is partnering with the Council for Scientific and Industrial Research (CSIR) to broaden its ability to gather data on the public transport sector in Gauteng. This forms part of the authority’s endeavour to improve the use of public transport, as well as the... →
Eskom’s proposed tariff restructuring to impede renewable energy investment – Steyn
27th October 2022 Eskom’s proposal to restructure renewable energy tariffs will impede growth in private sector investment in renewable energy projects and destroy intentions to wheel surplus energy through Eskom’s grid, as doing so will hold little financial gain, Meridian Economics MD Grove Steyn has said.... →
ESG perspective change urgently required to ensure sustainability
25th October 2022 South African companies need to change how they view the factors of the environment, social impact and corporate governance, otherwise known as ESG, from that of a toxic external threat and to a measure that will contribute towards a business’s long-term sustainability, nonprofit shareholder... →
Rainbow progresses Phalaborwa with economic flowsheet, preliminary economic assessment
24th October 2022 LSE-listed rare earth project developer Rainbow Rare Earths, which is developing its near-term Phalaborwa project, in South Africa, progressed with a programme of detailed test work at the project, leading to the development of an economic flowsheet and a preliminary economic assessment (PEA) in... →
Key Montepuez personnel return to site, operations resume
24th October 2022 Key operational personnel have returned to Gemfields’ majority-owned Montepuez Ruby Mining (MRM) operation in Cabo Delgado, Mozambique, and basic operations have resumed. Operational employees and contractors were ordered out of the 75%-owned MRM operation on October 20 following an insurgent... →
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