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Covid-19

Coal miner Exxaro to spell out decarbonisation strategy on Sept 20  

By: Martin Creamer     12th August 2021 The investment by diversified coal, energy and ferrous resources group Exxaro Resources in the renewable energy company Cennergi will further support the company’s decarbonisation strategy, Exxaro CEO Mxolisi Mgojo said when the JSE-listed company reported sterling half-year financial results... 

Rhodium again top performer in RBPlat’s revenue basket  

By: Martin Creamer     3rd August 2021 Rhodium was once again the top performer in the revenue basket for platinum group metals (PGMs) mining company Royal Bafokeng Platinum (RBPlat), the revenue of which was up 108.1% to R9 584.3-million in the six months to June 30. The average rhodium price for the period increased threefold to $25... 

Taken during presenetation of half year results in August 2021.
Royal Bafokeng Platinum presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

RBPlat declares R1.5bn dividend on record first-half performance

By: Martin Creamer     3rd August 2021 Platinum group metals (PGM) mining company Royal Bafokeng Platinum (RBPlat) has declared a R1.5 billion interim dividend in addition to the R482.3 million buy-back and redemption of a portion of its convertible bonds on the back of a record performance in the six months to June 30. RBPlat... 

Creamer Media picture of Steve Phiri
Photo by Creamer Media
RBPlat CEO Steve Phiri

Ongoing decline in Eskom’s coal performance drove another ‘intensive’ period of load-shedding in first half of 2021 

By: Terence Creamer     2nd August 2021 A continuing decline in the performance of the Eskom coal fleet drove yet another “intensive” period of load-shedding in South Africa during the first six months of 2021, when rotational power cuts were implemented for 650 hours, or 15% of the time. A new Council for Scientific and Industrial... 

Photo of an Eskom substation
Eskom substation

Govt's R38.9bn relief package  

29th July 2021 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the R38.9-billion relief packaged unveiled by Finance Minister Tito Mboweni to support businesses affected by the recent riots in KwaZulu-Natal and Gauteng, as well as to support poor citizens and vulnerable... 

Image of Terence Creamer
Govt's R38.9bn relief package

Stakeholders target 1m vaccinations every 3 days 

By: Thabi Madiba     29th July 2021 Business for South Africa (B4SA) on Thursday lauded its partnership with the Department of Health citing the integrated programme to administer vaccines equitably and efficiently ahead of a possible fourth wave of the Covid-19 pandemic. Stakeholders working together have secured doses to achieve... 

Stakeholders target 1m vaccinations every 3 days

De Beers bounces back to 2019 levels with outstanding performance  

By: Martin Creamer     29th July 2021 Global consumer demand for diamonds continued to recover from the impact of Covid, supported by fiscal stimulus in the US and the roll-out of vaccines, De Beers Group said on Thursday when it was credited with helping Anglo American to achieve an all-time record half-year, a period in which De... 

Picture used with video interview of De Beers CFO
De Beers Group CFO Sarah Kuijlaars interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

World-beating Anglo reports record half-year earnings of $12.1bn 

By: Martin Creamer     29th July 2021 Diversified mining company Anglo American on Thursday reported a record half-year financial performance in its position as the best of the world’s top-five global mining companies. Anglo calculates that its elevated global position is poised to continue, assisted by its superior depth, breadth... 

Picture from Anglo American
Anglo American CEO Mark Cutifani

Tax from ‘resilient’ mining sector underpins R38.9bn post-riot relief package  

By: Terence Creamer     28th July 2021 Tax revenues from South Africa’s high-flying mining industry have provided the financial underpin for a new R38.9-billion relief package unveiled by Finance Minister Tito Mboweni on Wednesday to support businesses devastated by recent looting and property destruction and to provide ongoing relief... 

Photo of Finance Minister Tito Mboweni
Finance Minister Tito Mboweni

BioNTech project aims to expand malaria vaccine production capacity in Africa

By: Thabi Madiba     27th July 2021 German biotech company BioNTech has announced a project aimed at creating a highly efficacious vaccine to help eradicate malaria, while expanding vaccine production capacity across Africa. BioNTech will develop a first-generation mRNA vaccine using a known antigen, the CSP protein, the clinical... 

BioNTech project aims to expand malaria vaccine production capacity in Africa

Exuberant Kumba Iron Ore’s stakeholders receive R51bn shared value boost 

By: Martin Creamer     27th July 2021 Anglo American group iron-ore mining company Kumba Iron Ore, which has achieved record half-year earnings with great exuberance, has shared a sky-high first-half R51-billion with its spread of stakeholders that take in the fiscus, local suppliers, nearby communities, employees, shareholders and... 

This picture was provided by Kumba as part of its half-year  results media release.
Kumba Iron Ore CE Themba Mkhwanazi

Adopting a 1.5°C pathway could accelerate universal energy access in Africa  

By: Terence Creamer     27th July 2021 Africa has a narrow window of opportunity to use its natural resource advantages and relatively low carbon emissions to attract the finance it needs to both accelerate a renewables-based energy transition that is supportive of a sub-1.5°C climate outcome and ensure universal energy access. This... 

Image of sun rising behind wind turbines

WTO’s holiday from vaccine equity talks draws calls for action

By: Bloomberg     27th July 2021 An urgent global effort to rebalance the inequity between rich, vaccinated nations and poor nations sliding further into pandemic misery is colliding with an immovable calendar conflict: the European summer holiday. Next week World Trade Organization delegates are planning to depart Geneva for... 

An image of various manufacturers' Covid-19 vaccines

Sasol partners with Mpumalanga govt, launches five-day vaccination drive

By: Yvonne Silaule     26th July 2021 Energy and chemicals company Sasol's Secunda operations has, in partnership with the Mpumalanga government, launched a five-day Covid-19 vaccination drive, starting on July 26. This formed part of the preparation for the operations' upcoming annual maintenance shutdown taking place from August 30... 

High-flying Anglo Platinum’s stakeholders receive nigh-R40bn boost 

By: Martin Creamer     26th July 2021 The strong operational and financial performance of platinum group metals company Anglo American Platinum in the six months to June 30 translated into nearly R40-billion worth of benefits for stakeholders including the fiscus, local and doorstep suppliers and communities. In light of the impact... 

This picture was taken during the presentation of results on26 July 2021
Photo by Creamer Media
Anglo American Platinum CEO Natascha Viljoen

Busa welcomes easing of restrictions, others caution of damage already done

By: Donna Slater     26th July 2021 President Cyril Ramaphosa’s July 25 address to the nation and the lifting of Covid-19 restrictions from adjusted Alert Level 4, to adjusted Alert Level 3, has been welcomed by Business Unity South Africa (Busa), while the South African Liquor Brandowners Association (Salba) has expressed concern... 

South Africa on track to vaccinate 420 000 people a day by mid-September

By: Marleny Arnoldi     23rd July 2021 Business for South Africa (B4SA) says the 230 000 daily vaccination rate is testament to what business and government can achieve if they work together. B4SA steering committee chairperson Martin Kingston on July 23 presented an update of the private sector’s contribution to the vaccination... 

Biovac/Pfizer vaccine partnership will boost mRNA hub – Nzimande 

By: Sane Dhlamini     23rd July 2021 The Minister of Higher Education, Science and Innovation Dr Blade Nzimande has congratulated the Biovac Institute for its partnership with Pfizer and its German vaccine partner BioNTech which will see the Pfizer-BioNTech Covid-19 vaccine being manufactured in South Africa for distribution within... 

Picture of Minister of Higher Education, Science and Innovation Dr Blade Nzimande
Minister of Higher Education, Science and Innovation Dr Blade Nzimande

Extremely strong demand for platinum bar and coin – WPIC  

By: Martin Creamer     22nd July 2021 Extremely strong demand for platinum bar and coin is being seen around the world, particularly in the US, along with growth in demand for platinum exchange traded funds (ETFs), mainly out of North America and Europe,  World Platinum Investment Council (WPIC) head of research Trevor Raymond said... 

Picture of WPIC research head Trevor Raymond
WPIC Research Head Trevor Raymond interviewed by Mining Weekly's Martin Creamer.

SARB cautions against stained banknotes after unrest

By: Sane Dhlamini     21st July 2021 Following recent looting and acts of lawlessness that caused unrest in the country, the South African Reserve Bank has cautioned the public not to accept stained banknotes, stating that these notes are considered as proceeds of crime. Last week, protests against former President Jacob Zuma’s... 

South African currency

Basa requests urgent meeting with Patel to save industry on the brink of collapse

By: Donna Slater     21st July 2021 In the wake of the recent civil unrest, which resulted in 161 liquor outlets and distribution centres being looted and damaged in KwaZulu-Natal and Gauteng, the beer industry is urgently calling for the alcohol ban to be lifted so that legal businesses can operate. Enabling liquor business to... 

Ramaphosa tells business social and economic relief package being finalised  

By: Terence Creamer     20th July 2021 In a meeting with business leaders on Tuesday, President Cyril Ramaphosa announced that an “extensive social and economic relief package” would be launched in the coming days to respond to the recent crisis and called for the creation of a “special social contract” to build a more inclusive... 

Image of President Cyril Ramaphosa speaking
President Cyril Ramaphosa

Anglo increasingly focused on future-enabling decarbonising metals, minerals – Cutifani 

By: Martin Creamer     20th July 2021 The portfolio and growth investments of diversified mining company Anglo American is increasingly focused future-enabling metals and minerals that are critical to decarbonising energy and transport and to meeting consumers' growing needs, from luxury to everyday life. This was stated by Anglo... 

A picture of Anglo American's CEO, Mark Cutifani.
Anglo American CEO Mark Cutifani

Carbon emissions to reach record levels in 2023 as stimulus spending fails to match net-zero ambition  

By: Terence Creamer     20th July 2021 The financial resources allocated by governments globally to clean-energy measures in response to the Covid-19 crisis currently represents only 2% of the $16-trillion in total fiscal support set aside for economic stimulus, the International Energy Agency’s (IEA’s) new Sustainable Recovery... 

Photo of IEA executive director Fatih Birol
IEA executive director Fatih Birol

Healthcare councils condemn looting, warn of worrying and dangerous consequences

By: Donna Slater     19th July 2021 South Africa’s statutory health regulatory councils, together with the Department of Health (DOH), have condemned the looting and violence last week, especially those acts that targeted healthcare facilities and the medicines supply chain. The councils involved include the South African Health... 

Santam making progress with contingent business interruption claims

By: Tasneem Bulbulia     15th July 2021 Short-term insurer Santam is making progress in handling contingent business interruption (CBI) claims, with payments made to about 60% of policyholders that have submitted claims, the company said in an update on July 15. Since January, it has paid R600-million to policyholders in addition to... 

New initiative launched to raise awareness on key role of power grids in Africa 

By: Terence Creamer     15th July 2021 The RES4Africa Foundation, an Italian non-profit organisation that promotes the development of renewable energy on the continent, has launched a Grids4Africa initiative to support the development of the transmission and distribution networks needed to raise levels of renewables deployment and... 

An image of power lines

Life in mining-dependent countries significantly improved – ICMM 

By: Martin Creamer     14th July 2021 Life in mining-dependent countries has improved significantly in the 23 years leading up to 2018, with strong governance the key to improving socio-economic well-being, the International Council on Mining and Metals (ICMM) said on Wednesday. A report that analysed 41 social metrics grouped under... 

A picture of the CEO of the International Coiuncil on Mining and Metals
ICMM CEO Rohitesh Dhawan

Afreximbank and ACBF sign collaboration agreement to build development capacity

By: Donna Slater     13th July 2021 The Africa Export-Import Bank (Afreximbank) and the African Capacity Building Foundation (ACBF) have signed an agreement to support capacity development initiatives over a period of five years, ending in 2025. The agreement, signed by Afreximbank president Professor Benedict Oramah and ACBF... 

Despite tailwinds, South Africa’s recovery could fade into ‘another lost decade’ without reforms 

By: Terence Creamer     12th July 2021 The World Bank expects South Africa to grow by 4% in 2021, supported by the strong global economic recovery from Covid and favourable commodity prices. However, the bank also warns that the medium-term outlook remains uncertain and will depend largely on whether the country is able to implement... 

Image of large mining vehicles at an iron-ore mine
Commodity prices supporting South Africa rebound

Alcohol industry laments sales ban extension

By: Donna Slater     12th July 2021 The South African Liquor Brandowners Association (Salba) and National Liquor Traders (NLT) note their disappointment in President Cyril Ramaphosa’s decision to extend the current ban of alcohol sales by another two weeks. In a joint statement, the two organisations suggest that the decision to... 

Saving lives, preventing more business closures a priority – Ramaphosa 

By: Thabi Madiba     12th July 2021 President Cyril Ramaphosa said on Monday that in dealing with the Covid-19 pandemic, government has sought to balance saving lives and preserving livelihoods in an evidence-based manner; however, he acknowledged that restrictions have detrimentally impacted businesses. He stated that, for now,... 

Image of South Africa's President Cyril Ramaphosa
President Cyril Ramaphosa

Johannesburg’s mayor Makhubo dies after contracting coronavirus

By: Bloomberg     9th July 2021 The mayor of Johannesburg, South Africa’s economic hub and largest city, has died after contracting the coronavirus. Geoff Makhubo took office in December 2019 after the ruling party wrested control of the city from an opposition coalition. He was hospitalized after becoming infected with... 

B4SA welcomes weekend vaccinations, opening of registrations for 35- to 49-year-olds 

By: Tasneem Bulbulia     9th July 2021 Industry organisation Business for South Africa (B4SA) has welcomed the Department of Health’s decision to allow 35- to 49-year-olds to register for their Covid-19 vaccinations from July 15 and to receive their jabs from August 1 onwards. “The only way to fight the third wave, save lives, restart... 

Image of Covid-19 vaccine bottles
From July 15, 35- to 49-year-olds can register for their Covid-19 vaccinations

Intellectual property environment strengthens despite challenges

By: Donna Slater     7th July 2021 Despite the challenges presented by the Covid-19 pandemic, the global intellectual property (IP) environment continued its positive trajectory, biotechnology company CapeBio CEO Daniel Ndima said on July 7. Speaking during a webinar hosted by the Council for Scientific and Industrial Research on... 

Settlement of Covid-19-related insurance claims remains problematic, says ICA

By: Donna Slater     6th July 2021 Insurance Claims Africa (ICA) CEO Ryan Woolley says it is clear from new research released on July 6, that the short-term insurance industry (STI) earned record profits during the pandemic. He states that the STI therefore has “no reason” to further delay the settlement of all outstanding... 

Gold heading towards ‘refuge of choice’ status, says incoming AngloGold CEO  

By: Martin Creamer     6th July 2021 Gold is poised to be a "refuge of choice" in the years ahead owing to the extent to which money is being printed and world debt is rising, AngloGold Ashanti CEO-designate Alberto Calderon said on Tuesday. Speaking to Mining Weekly in a Microsoft Teams interview ahead of taking office on September... 

Newly appointed AngloGold CEO
AngloGold Ashanti CEO-designate Alberto Calderon interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer
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