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Cover Story

Pandemic exacts toll on iron-ore sector, but prognosis for recovery is good

By: Tasneem BulbuliaThe iron-ore sector has been considerably affected by the Covid-19 pandemic, with the worst of the repercussions expected this year; however, there are signs of recovery moving forward. Global iron-ore production is expected to decline by 1.2% in 2020 to 2.23-billion tonnes, according to data... 

Pandemic exacts toll on iron-ore sector, but prognosis for recovery is good

First Word

South Africa must incentivise mining exploration, the ANC is 100% correct

By: Martin CreamerAs pointed out the well-received 30-page discussion document of the economic transformation committee, the South African mining industry has in recent years experienced falling levels of investment and exploration, job losses, and increased cost pressures, but despite these problems, South Africa... 

South Africa must incentivise mining exploration, the ANC is 100% correct

News & Insight

African countries urge to allocate 25% of stimulus spending to renewable energy

By: Terence CreamerAfrican countries should aim to invest 25% of their Covid-19 stimulus budgets in renewable energy, Sustainable Energy for All CEO Damilola Ogunbiyi said on Wednesday, noting that renewable energy had emerged as the cheapest source of new electricity for most countries on the continent. Speaking... 

African countries urge to allocate 25% of stimulus spending to renewable energy

BMW SA expects premium market to slump by 20%

By: Irma VenterThe South African premium new-car market will probably decline by about 20% in 2020, says BMW Group South Africa and Sub-Saharan Africa (BMW SA) CEO Tim Abbott. Although he expects a slight improvement in the second half of the year from the first half, “we don’t see a recovery better than that”. 

British govt announces funding to develop advanced modular nuclear reactors

By: Rebecca CampbellThe British government announced on July 10 that it was awarding funding of £40-million for the development of advanced modular nuclear reactors (AMRs) and associated technologies. This was part of the UK’s programme to develop new and low-carbon industries and energy sources, thereby creating... 

CDC Group backs Helios IV with $100m commitment

By: Tasneem BulbuliaUK development finance institution CDC Group has committed $100-million to Helios Investors IV, the fourth private equity fund raised by Helios Investment Partners, an Africa-focused private equity firm. The pan-African generalist fund will invest in and build companies across the continent. 

Clean energy should be at ‘core’ of Covid-19 stimulus plans – Guterres

By: Terence CreamerUnited Nations secretary-general António Guterres appealed to governments on Thursday to place the transition from fossil fuels to clean energy at the “core” of their Covid-19 economic recovery spending. Guterres also used the platform created by the International Energy Agency (IEA) Clean Energy... 

Clean energy should be at ‘core’ of  Covid-19 stimulus plans – Guterres

Covid-19 is pushing back start of Navara production, says Nissan SA

By: Irma VenterThe start of assembly of the one-ton Navara pick-up at Nissan South Africa’s (Nissan SA’s) Rosslyn plant, in Pretoria, has been pushed back from November to early next year, says Nissan Group of Africa MD Shinkichi Izumi. “Covid-19 has caused a slight delay in the start of production.” 

CSIR rolls out local ventilator as part of Covid-19 response

By: Irma VenterThe Council for Scientific and Industrial Research (CSIR), in collaboration with a number of local partners, has completed work on a local ventilator to be rolled out nationwide to patients showing respiratory distress in the early phase of Covid-19 infection.  The development forms part of... 

Eskom to seek authorisation to proceed with repurposing of four coal stations

By: Terence CreamerState-owned electricity producer Eskom aims, within the coming months, to seek authorisation from its board and government to initiate a formal bidding process for the repurposing and repowering of the Camden, Komati, Grootvlei and Hendrina coal-fired power stations using lower-carbon generation... 

Eskom to seek authorisation to proceed  with repurposing of four coal stations

Experienced mine closure professionals offer insight for new challenges

By: Creamer Media Reporter Undoubtedly, an investor or a director of a mining company wants to see a successful mine closure.  Successful in the sense that the mine closes at the destined life-of-mine (LoM) and that the physical, biophysical, social and socio-economic relinquishment criteria are well defined, achieved and... 

Experienced mine closure professionals offer insight for new challenges

First paid contract for innovative contact tracing solution

By: Natasha OdendaalVancouver-headquartered HealthSpace Data Systems has signed the first paid contract in a package that includes the use of its extensive contact tracing solution. Mecklenburg County Health Department, in North Carolina, will use HealthSpace’s HSCloud Suite for contact tracing in a deal worth $157... 

First well spud expected this month

By: Simone LiedtkeThe first inclined well at emerging domestic natural gas and helium producer Renergen’s Virginia gas project, in the Free State, is expected to spud late in July, and reach the primary target at the base of the Karoo sequence/top Wits formation late in August. This is the company’s first inclined... 

Green hydrogen opportunity for South Africa to drive recovery

By: Simone LiedtkeThe opportunity for South Africa to couple its renewable energy economic stimulus to non-electricity prospects presents the possibility for a new power export market, which can be laid now. The economic and energy benefits of green hydrogen is one of the many prospects discussed during the recent... 

Green hydrogen opportunity for  South Africa to drive recovery

Hulamin achieves science-based emissions target

By: Donna SlaterAluminium products manufacturer Hulamin reports that it has become the first global aluminium semi-fabricator to have a greenhouse-gas (GHG) emissions target approved by the Science Based Targets initiative (SBTi).   The SBTi mobilises companies to set science-based targets and boost their... 

JL Dube Broadband Highsite project kicks off KwaZulu-Natal’s smart province ambitions

By: Natasha OdendaalThe KwaZulu-Natal provincial government has switched on a JL Dube Broadband Highsite, in Vezokuhle Primary School, Edendale, in the Umsunduzi municipality. The JL Dube Broadband Highsite aims to bring free WiFi to the communities of Pietermaritzburg, in KwaZulu-Natal. 

Majority of IPPs said to agree to refinancing initiative

By: Marleny ArnoldiA representative from the Department of Mineral Resources and Energy's (DMRE's) Independent Power Producer (IPP) Office has confirmed that 70% of South Africa’s 64 IPPs have indicated they will participate in the department’s renewable energy project refinancing initiative. DMRE infrastructure... 

Mixed feelings on approval of SAA business rescue plan

By: Rebecca CampbellThere has been mixed reaction from unions representing employees of South African Airways (SAA) to the approval of the business rescue plan for the financially embattled State-owned national flag carrier. The plan was approved by 86% of the airline’s creditors in a vote on July 14. The approval... 

New coupling introduced to meet updated LPG tanker standard

By: Creamer Media Reporter As per a Bulletin issued by the Liquefied Petroleum Gas Safety Association of Southern Africa (LPGSASA) and further legislated by the Department of Employment and Labour, Cam-and-Groove type Couplings are no longer permitted for use in gas tanker applications and should be replaced with a... 

Public Enterprises welcomes, justifies SAA rescue plan approval, appoints interim CEO

By: Rebecca CampbellThe Department of Public Enterprises (DPE) welcomed the outcome of the creditors’ vote on the proposed business rescue plan for State-owned South African Airways (SAA). The financially beleaguered national flag carrier has been under business rescue. In the vote on July 14, 86% of the creditors... 

SA ecommerce hitting record levels

By: Natasha OdendaalSouth Africa’s ecommerce transactions have reached record levels and, despite stabilising, digital ecommerce is likely to sustain growth for the rest of the year. Ecommerce transactions surged during May and June, with the last weekend in May experiencing four times the transactions per minute... 

Shift from high- to low-carbon must be systematic and just – Mantashe

By: Terence CreamerSouth Africa’s Mineral Resources and Energy Minister, Gwede Mantashe, used the platform created by the International Energy Agency (IEA) Clean Energy Transitions Summit on July 9 to stress that South Africa’s shift from a high-carbon to a low-carbon path needed to be both systematic and just.... 

Shift from high- to low-carbon must be systematic  and just – Mantashe

Taxi assistance approved in principle, says TAG’s Van der Merwe

By: Irma VenterGovernment has taken the policy decision to financially assist minibus taxis, but the mechanism to do this has not yet been determined, says Transport Authority of Gauteng (TAG) head Jack van der Merwe. “The short answer is that government has made a decision that taxis are a very important... 

Toyota starts construction on R365m parts warehouse

By: Irma VenterWork has begun in earnest at the Toyota Parts Distribution Warehouse, in Atlas road, East Rand, where Toyota South Africa Motors (TSAM) is doubling the facility’s size from 40 000 m² to 80 000 m².  TSAM is investing R365-million in the project and, when completed in 2021, the facility will be the... 

Editorial Insight

The good, bad and ugly

By: Terence CreamerFirst, some good news. The fact that the economic recovery plans presented this month by business and the governing party have strong areas of overlap should not be overlooked and should be welcomed. The consensus that has emerged on the need to pick up the pace and scale of infrastructure... 

The good, bad and ugly

Mining Weekly News

ANC document calls for mining exploration to be incentivised

By: Martin CreamerListings of mining companies on the Johannesburg Stock Exchange should be encouraged and South African retail investors willing to invest in mining exploration should be incentivised as is the case in other mining jurisdictions, the economic transformation committee (ETC) of the African National... 

ANC document calls for mining  exploration to be incentivised

Barrick initiates ICSID conciliation proceedings over Porgera

By: Mariaan WebbCanadian gold major Barrick has initiated proceedings before the World Bank’s International Centre for Settlement of Investment Disputes (ICSID) over Papua New Guinea’s decision not to extend a special mining lease (SML) for the Porgera joint venture (JV) mine. The company argues that the... 

Barrick initiates ICSID conciliation  proceedings over Porgera

Chinese gold demand to remain strong despite pace of economic recovery

By: Marleny ArnoldiGold has received more investment than all other major Chinese asset classes in the first half of this year, says the World Gold Council (WGC). In a WGC blog post, research manager Ray Jia says gold demand in China, particularly investment demand, has benefited from rising concerns about the... 

Experienced mine closure professionals offer insight for new challenges

By: Creamer Media Reporter Undoubtedly, an investor or a director of a mining company wants to see a successful mine closure.  Successful in the sense that the mine closes at the destined life-of-mine (LoM) and that the physical, biophysical, social and socio-economic relinquishment criteria are well defined, achieved and... 

Experienced mine closure professionals offer insight for new challenges

Pan African approves development of 10 MW solar plant at Elikhulu

By: Martin CreamerThe board of gold-mining company Pan African has approved the development of a 10 MW solar photovoltaic project at the Elikhulu gold-from-tailings operation in Evander, Mpumalanga, the London-, Johannesburg- and now also New York-listed Pan African stated on Friday. Earlier this month, the... 

Pan African approves development of 10 MW  solar plant at Elikhulu

RPMGlobal acquires Revolution Mining Software

By: Natasha OdendaalRPMGlobal has acquired Canada-headquartered mine scheduling optimisation company Revolution Mining Software for an undisclosed amount. The acquisition includes Revolution Mining Software’s flagship schedule optimisation tool (SOT), which is a cutting-edge financial mine scheduling optimisation... 

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