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Darren Parker is a Creamer Media Contributing Editor Online for Engineering News and Mining Weekly.
Lotus Resources to join the ASX 300 index
ASX- and OTCQB-listed Lotus Resources will join the S&P/ASX 300 index on March 18, following the index’s March quarterly review. Lotus owns an 85% interest in the Kayelekera uranium project, in...
Madison encouraged by high-grade uranium assays at its Khan project
The latest assay results from uranium exploration and development company Madison Metals’ recent surface trench sampling programme at its Khan project, in Namibia, have returned an average grade of...
Chieta announces new green hydrogen qualifications, skills programmes
The Chemical Industries Training and Education Authority (Chieta) will be registering new qualifications on green hydrogen and offering specialised skills programmes relevant to growing the green...
Long lead item orders placed, site preparation works well under way at Longonjo
Preparatory works are forging ahead smoothly at rare earths mining company Pensana’s Longonjo project in Angola, with main construction expected to start in May and cold commissioning to follow in...
Lender due diligence for Madaouela uranium project under way
TSX- and OTQCB-listed GoviEx Uranium has announced that lender due diligence for the Madaouela uranium project, in Niger, has begun, with the appointment of consulting firm SLR Consulting acting on...
UK Hydrogen Week highlights green hydrogen investments
Following its inauguration last year, UK Hydrogen Week is taking place once again, from February 26 to March 3. The World Platinum investment Council says more than 6 300 individuals and 110...
EWSETA develops, implements specialised renewable energy, water training programmes
To support the development of critical skills within the water and energy sector, the Energy and Water Sector Education and Training Authority (EWSETA) is developing and implementing specialised...
Goldstone’s ride could be over unless funding can be found
Aim-listed Goldstone is still trying to raise additional funds to provide working capital for its operational development and to settle various balances owed to outstanding creditors. In the event...
Diamcor reports a $1m loss for the third quarter
Junior diamond mining company Diamcor Mining has reported a net loss of about $1-million, or about $0.01 a share, for the quarter ended December 31, 2023. This compares with a net loss of $386 619...
South Africa looks to Japanese collaboration on green hydrogen development
The Japan External Trade Organisation (Jetro) this week hosted key South African private and public sector delegates and a high-profile Japanese business delegation at a green hydrogen seminar, in...
Infrastructure finance, implementation support agency for PPPs in the offing
The National Treasury has revealed the planned establishment of an infrastructure finance and implementation support agency during the 2024/25 fiscal year to coordinate the planning and preparation...
Eskom to take over Ekurhuleni loadshedding owing to city’s noncompliance
State-owned utility Eskom will resume direct loadshedding for City of Ekurhuleni (CoE) customers after the city's repeated failure to adhere to its obligations in this regard. Eskom said in a...
IBM investing in AI training to address technology skills gap
To address the impending skills shortage in the artificial intelligence (AI) and automation space, technology company IBM has launched initiatives to train two-million learners globally, focusing...
Multi-Party Charter reveals its plans to end loadshedding if ANC can be ousted
The 11 political parties that are members of the Multi-Party Charter (MPC) for South Africa have voiced a unified plan to end loadshedding once and for all if only they could collectively oust...
Akobo finalises debt restructuring agreement
Scandinavia-based gold exploration and mining company Akobo Minerals, which has operations in Ethiopia, has finalised an agreement regarding completion of its debt restructuring. This follows the...
TVET colleges ‘not in a good state’ – Ewseta
South Africa’s technical and vocational education and training (TVET) colleges are not in a good state, Energy and Water Sector Education and Training Authority (Ewseta) CEO Mpho Mookapele has...
Industry failure to report skills requirements undermining economic growth
The Energy and Water Sector Education and Training Authority (Ewseta) has said it cannot accurately determine critical skills needs in the sector because industry participants do not accurately...
Tertiary signs JV agreement to form new Zambian copper exploration company
Aim-listed Tertiary Minerals has signed a new joint venture (JV) agreement with local partner Mwashia Resources that will consolidate ownership of the Jacks, Mukai and Mushima North copper...
Disappointing results from world’s top miners highlight market challenges, Tickmill says
The underwhelming results from two of the largest global multinational mining and commodity companies Anglo American and Glencore, which both released their 2023 financial and preliminary results...
Base says Kwale on track to achieve production guidance
African mineral sands producer and developer Base Resources has reported that its Kwale operation, in Kenya, continued to perform to plan and remains on track to achieve production guidance for the...
Sibanye reports 55.1% increase in lithium carbonate equivalent resources
JSE- and NYSE-listed Sibanye-Stillwater has reported a 55.1% increase in attributable lithium mineral resources as at the end of last year, along with a general expansion and diversification of its...
Budget shows an economy treading water, not collapsing – Jammine
Although Finance Minister Enoch Godongwana’s Budget, delivered on February 21, seemed somewhat prudent, Econometrix director and chief economist Dr Azar Jammine said there was not much in it to...
Transnet problems force Kumba to moderate output
Anglo American subsidiary Kumba Iron Ore CE Mpumi Zikalala has reiterated that State-owned Transnet’s rail performance challenges have placed so much pressure on Kumba’s value chain that the...
Kamoa-Kakula, Trafigura become first Lobito railway corridor customers
The Kamoa-Kakula Copper Complex, in the Democratic Republic of Congo (DRC), and commodities trader Trafigura have both signed a term sheet outlining the key terms for a reserve capacity agreement...
Anglo achieves its best ever safety record, but reiterates commitment to zero harm
Mining major Anglo American has achieved its lowest ever total recordable injury frequency rate of 1.78 in 2023, down from 2.19 in 2022, along with the company’s lowest ever monthly rate of 0.91 in...
Anglo to focus on cost cutting following disappointing 2023 performance
Mining major Anglo American chairperson Stuart Chambers and CEO Duncan Wanblad have both expressed disappointment with the company’s financial results for 2023, which were released on February 22....
Integration of Vale’s Serpentina resource has potential to expand Anglo’s Minas-Rio output
Diversified miner Anglo American has agreed to acquire, from Brazilian iron-ore miner Vale, the high-quality Serra da Serpentina iron-ore resource and integrate it into its contiguous Minas-Rio...
New infrastructure finance, implementation support agency to be established to support PPPs
National Treasury has revealed the planned establishment of an infrastructure finance and implementation support agency during the 2024/25 fiscal year to coordinate the planning and preparation of...
Mining tax revenue down by 50.4% y/y
With various commodity prices taking a nosedive over the past year, windfall tax gains from high commodity prices over the preceding two years have come to an end, resulting in a sharp fall in...
Criminal Asset Recovery Fund, not fiscus, to fund SANDF’s war on illegal mining
The Portfolio Committee on Defence and Military Veterans has claimed that the deployment of the South African National Defence Force (SANDF) in support of the South African Police Service to...
NEV producers will be able to claim 150% of their investment spend in 2026
To encourage the production of new energy vehicles (NEVs) in South Africa, Finance Minister Enoch Godongwana has proposed that an investment allowance be made available for new investments from...
Global corporate tax minimum to be implemented this year
In an effort boost tax revenue going forward, government will be implementing the long-awaited global corporate tax minimum in the coming year, Finance Minister Enoch Godongwana revealed upon the...
70 out of 72 municipalities approved for Eskom debt relief
Out of 72 municipality applications for State-owned Eskom debt relief, 70 have been approved, Finance Minister Enoch Godongwana revealed in his 2024 Budget on February 21. The 72 applicants...
No change to fuel levies this year, Godongwana says
Government has decided once again to leave the general fuel levy and Road Accident Levy Fund unchanged, resulting in tax relief of about R4-billion. This was announced at the release of Finance...
Gauteng govt has yet to show how it will finance its portion of GFIP debt
The Gauteng provincial government has yet to show how it will fund its previously agreed 30% contribution of R12.9-billion of the total outstanding debt of R47-billion for phase 1 of the Gauteng...
Metals, engineering output up 1.7% but still far below 2008/9 peak
While aggregate production in the South African metals and engineering sector increased by 1.7% last year, which is slightly higher than the 1.5% increase in 2022, it remains 18% below where it was...
Amplats restructuring may impact 3 700 jobs after 71% y/y earnings decline
Despite the “extensive measures” already taken by platinum group metals (PGMs) miner Anglo American Platinum (Amplats) to ensure its survival, the company has announced a proposed restructuring...
Petra sold $47.8m worth of diamonds in fourth tender
Diamond producer Petra Diamonds sold 428 900 ct for $47.8-million during its fourth tender cycle of the 2024 financial year. This represents a 4% increase in like-for-like prices compared with the...
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