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Cover Story

Industry reaction to Minister’s call for higher levels of clean-coal investment

By: Mamaili MamailaThere is much scepticism domestically and internationally about the potential for clean-coal technology (CCT). In South Africa, however, there has been an amplification in recent months of calls for accelerated efforts to be made to finding innovative solutions to the serious environmental and... 

Industry reaction to Minister’s call for higher levels  of clean-coal investment

First Word

It’s crazy that South Africa has such low vehicle emission standards

By: Martin CreamerWho in their right mind has sat back for so many years and allowed vehicles to pollute South Africa’s air so dreadfully? It’s bad enough that our notorious public sector has failed to bring petrol and diesel refining up to global speed, but what about the private sector treating its South African... 

It’s crazy that South Africa has such low vehicle emission standards

News & Insight

Air transport bodies appeal for responsible action amid Covid-19 disruptions

By: Rebecca CampbellThe International Air Transport Association (IATA) reacted to US President Donald Trump’s bans on citizens and residents of European countries from travelling to the US by affirming that the organisation and its members would maintain their support for Governments in their attempts to contain the... 

Carrier suspends operations days after issuing safety assurances

By: Rebecca CampbellState-owned regional airline SA Express, which is currently in business rescue, suspended its operations on Wednesday March 18. This was because of “adverse recent developments including the impact of the Covid-19 pandemic.”  

CBI invites research proposals to advance lead battery tech in energy storage

By: Marleny ArnoldiThe Consortium for Battery Innovation (CBI) has, for the first time, launched a request for research proposals to support battery technology innovation in energy storage systems. The consortium is seeking research bids focused on facilitating the latest understanding in energy storage... 

Communication and planning needed to limit Covid-19 impact on supply chains

By: Schalk BurgerThe impact on supply chains owing to the Covid-19 outbreak and from the closure of ports of entry can be mitigated through identification of potential impacts and early communications among affected stakeholders, says advisory firm Deloitte Africa restructuring services leader Jo Mitchell-Marais.... 

Covid-19 a ‘clear and present danger’ to economy

By: Simone LiedtkeMarket trends and other economic data confirm that the coronavirus (Covid-19) pandemic now poses “a clear and present danger” to the South African economy, North West University Business School Professor Raymond Parsons said in a statement. According to Parsons, the ripple effects from the... 

Covid-19 a ‘clear and present danger’ to economy

Covid-19 forces SAA to cut services

By: Rebecca CampbellState-owned national flag carrier South African Airways (SAA), which was undergoing business rescue, has scaled down its capacity because of the fall in air passenger demand. This is the result of the Covid-19 pandemic, which has severely affected the global air transport industry. Under these... 

Every effort must be made to ensure economy ‘does not grind to a halt’

By: Terence CreamerFinance Minister Tito Mboweni stressed on Monday that, before contemplating any possible stimulus package to address the negative economic effects of the Covid-19 pandemic, all efforts should be geared towards ensuring that the already weak domestic economy “does not grind to a halt”. A failure... 

Every effort must be made to ensure economy ‘does not grind to a halt’

Iata urges action to keep fragile global air transport sector functioning

By: Rebecca CampbellThe global airline industry is extremely vulnerable to the economic effects of the Covid-19 virus, a recently released analysis by the International Air Transport Association (IATA) has shown. IATA Chief Economist Brian Pearce highlighted that, of all the airlines in the world, only some 30 were... 

MTN hikes proceeds from asset realisation programme

By: Natasha OdendaalAs telecommunications group MTN wraps up the first year of a three-year, R15-billion asset realisation programme (ARP), the medium-term targets have now been increased to release at least a further R25-billion. MTN realised about R14-billion in 2019 under the portfolio optimisation, which was... 

MTN hikes proceeds from  asset realisation programme

MTN seeks new leader as Shuter plans departure

By: Natasha OdendaalAs MTN group president and CEO Rob Shuter prepares to step down in March 2021 from the role he has held since 2017, a year-long hunt is on for his successor. Shuter, nearing the completion of his four-year fixed contract, plans to pass on the baton to “take a well-deserved rest” before figuring... 

MTN seeks new leader as Shuter plans departure

Nersa finally initiates public process for concurring with Mantashe’s power determinations

By: Terence CreamerThe National Energy Regulator of South Africa (Nersa) published two consultation papers last week for two separate Ministerial determinations submitted by Mineral Resources and Energy Minister Gwede Mantashe in February for the regulator’s concurrence as required under Section 34 of the... 

Nersa finally initiates public process for concurring with Mantashe’s power determinations

No immediate power tariff impact, but first court ruling portends material future hikes

By: Terence CreamerThe Eskom tariff increase for 2020/21 tabled before lawmakers this month provides no scope for any further hikes this year beyond those already sanctioned for April 1 by the National Energy Regulator of South Africa (Nersa) in previous price determinations and regulatory clearing account (RCA)... 

No immediate power tariff impact, but first court  ruling portends material future hikes

Size of possible Sasol rights issue hangs on asset-disposal and savings progress

By: Terence CreamerThe eventual size of Sasol’s possible rights issue – tentatively capped at $2-billion – will depend on progress the group makes in the coming months with its cash-conservation and asset-disposal programmes, initiated in an effort to reduce its $10-billion debt burden by $6-billion by the end of... 

Size of possible Sasol rights issue hangs on  asset-disposal and savings progress

South Africa’s small-scale power market poised for ‘exponential growth’

By: Terence CreamerA leading South African bank is forecasting “exponential growth” for the country’s small-scale embedded generation (SSEG) market in the coming few years, having already committed to funding project pipelines worth more than R1-billion,  mostly in the form of rooftop solar. Nedbank CIB energy... 

South Africa’s small-scale power market  poised for ‘exponential growth’

South Africa’s water sector needs to rebuild integrity

By: Natasha OdendaalOnce a poster child globally, South Africa’s water sector has experienced a significant decline requiring an urgent turnaround from a basis of systemic corruption. According to a new report by watchdog Corruption Watch and the Water Integrity Network (WIN), South Africa, in the 1990s, was seen as... 

Weighing up the advantages of overhead crane refurbishment

By: Creamer Media Reporter Crane manufacturer and refurbishment specialist Condra is urging customers to carefully weigh the pros and cons when considering replacing or refurbishing an overhead crane that is nearing the end of its lifecycle. With advantages to both full replacement and refurbishment, customers need to... 

Editorial Insight

New ways of thinking and acting

By: Terence CreamerPlanning, coordination and cooperation have to become our watchwords as we seek to respond to the Covid-19 health emergency and the economic impacts thereof. Acting decisively is vitally important, but so is acting, as far as feasibly possible, in unison and with purpose. More than ever before,... 

New ways of thinking and acting

Mining Weekly News

Barrick aims to elevate Veladero to a Tier 1 mine

By: Mariaan WebbThe Veladero gold mine, in Argentina, has been revitalised, following a review of its strategy and business plan, with its life extended by at least ten years. During the review, gold major Barrick reinterpreted the mine’s geology and continued with an infill drilling campaign. “We established... 

Barrick aims to elevate Veladero to a Tier 1 mine

Cardinal gets offer from Nordgold

By: Esmarie IannucciGold explorer Cardinal Resources has received an indicative nonbinding takeover offer from shareholder Nord Gold (Nordgold), which valued the Australian company at A$227-million. Nordgold has more than 98.4-million shares in Cardinal, giving the company a 19.9% interest in the ASX-listed junior.... 

Coal miner Exxaro driving rigorous renewable-energy strategy

By: Martin CreamerSouth Africa’s electricity generation crisis has created major opportunities for companies, businesses and individuals to start generating their own power, Exxaro CEO Mxolisi Mgojo said on Thursday when the JSE-listed black-empowered company declared generous dividends following a resilient 2019... 

Coal miner Exxaro driving rigorous  renewable-energy strategy

Covid-19 stalls work on Anglo’s $5.3bn Peru copper project

By: Mariaan WebbDiversified major Anglo American has withdrawn the majority of employees and contractors from its $5.3-billion Quellaveco copper project, in Peru, to comply with a 15-day national quarantine announced to curb the spread of the pandemic. The 10 000-strong construction workforce is being... 

Covid-19 stalls work on Anglo’s  $5.3bn Peru copper project

Emerging miner on the difficulties in accessing project capital

By: Mamaili MamailaThe mining sector is transforming as technology presents new industry opportunities, says emerging miner Lurco Group COO Aubrey Chauke. 

Emerging miner on the difficulties in accessing project capital

Mantashe engages mining industry to consolidate Covid-19 response

By: Tasneem BulbuliaMineral Resources and Energy Minister Gwede Mantashe on Tuesday met with the leadership of the Minerals Council in Johannesburg, to receive an update on the plans that have been put in place for the sector to adequately respond to the current Covid-19 pandemic. This follows the briefing by... 

Miners join forces on hydrogen to decarbonise operations

By: Esmarie IannucciMining majors BHP, Fortescue Anglo American and consulting engineering group Hatch have formed a Green Hydrogen Consortium to jointly accelerate decarbonisation within their global operations. The goal of the consortium is to identify opportunities to develop green hydrogen technologies for the... 

New catalyst technology bodes well for platinum – Implats

By: Martin CreamerThe newly announced tri-metal catalyst technology that rebalances market demand for platinum group metals bodes well for platinum, Implats CEO Nico Muller said on Wednesday. The tri-metal catalyst technology, which involves the use of palladium, rhodium and platinum in various degrees of loading,... 

New catalyst technology bodes well  for platinum – Implats

New chapter for Woodsmith as Anglo American takes control

By: Mariaan WebbAs a new chapter arrived for the Woodsmith polyhalite project, with diversified miner Anglo American on Tuesday officially taking control, Sirius Minerals chairperson Russell Scrimshaw has expressed his hopes for the project and apologised to shareholders for the value that the takeover has... 

New chapter for Woodsmith as  Anglo American takes control

TerraCom's bid for Universal 'neither fair nor reasonable'

By: Esmarie IannucciTakeover target Universal Coal has urged shareholders to reject an unsolicited bid from ASX-listed TerraCom, after an independent expert determined that the offer was neither fair nor reasonable. TerraCom’s 33.5c a share offer for Universal consists of 10c in cash and 0.6026 new TerraCom shares... 

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