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PPC sells Botswana aggregates business, expects to report higher full-year earnings

By: Marleny Arnoldi     9th June 2021 JSE-listed cement manufacturer PPC has signed a binding sale and purchase agreement with a Botswana-based construction and mining company, which will buy PPC’s 100% shareholding in PPC Aggregate Quarries Botswana. The transaction is valued at 47.5-million Pula, equivalent to R60-million, and... 

Solar energy to supply 70% of Chryso factory's electricity requirement

By: Schalk Burger     1st June 2021 Cement additives manufacturing company Chryso Southern Africa has installed a solar electricity generating system at its Jet Park premises, in Gauteng. The system will generate almost 240 MWh/y, says Chryso Southern Africa CEO Norman Seymore. 

Sephaku Cement’s CEO Pieter Fourie passes away

By: Tasneem Bulbulia     19th May 2021 JSE-listed Dangote Cement South Africa, trading as Sephaku Cement (SepCem), has announced the passing away of Pieter Fourie on May 19. Fourie was the CEO of SepCem and a nonexecutive director of parent company Sephaku Holdings (SepHold). 

Can Canada's oil-rich Alberta capture a low-carbon future?

By: Bloomberg     7th May 2021 At a research site in rural Alberta, carbon dioxide is injected deep into the ground. Using remote sensors, scientists monitor its movement to ensure the planet-heating gas does not migrate upwards. "Basically, think of ultrasound on bodies – we're doing ultrasound on the earth," said Don... 

AP Ventures adds Pavilion Capital as a partner

By: Donna Slater     19th April 2021 Singapore-based investment company Pavilion Capital has become a limited partner in venture capital manager AP Ventures’ Fund II. In welcoming Pavilion Capital as its eighth limited partner, AP Ventures and its portfolio companies “look forward to benefitting” from working with a Singapore-based... 

Cabinet expected to approve Hydrogen Society Roadmap by early 2022 at latest 

By: Terence Creamer     14th April 2021 South Africa’s Hydrogen Society Roadmap (HSRM) will be presented for Cabinet approval either before the end of the year or early next year and should outline how the country’s resource advantages should be leveraged to produce green hydrogen, as well as to integrate hydrogen-related technologies,... 

Northam pays most tax as growth strategy heads for 8 500 jobs boost 

By: Martin Creamer     23rd March 2021 “We’ve made the single-largest tax payment in the history of the company,” Northam Platinum CEO Paul Dunne said during last week’s presentation of 74%-higher headline half-year earnings.   The JSE-listed platinum group metals (PGMs) mining company’s half-year contribution to the fiscus topped... 

Construction uptick a good sign for metals and engineering – Seifsa

By: Donna Slater     18th March 2021 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) report that an uptick in sales of construction and building materials, amid increased construction activity, is encouraging and bodes well for the metals and engineering sector. Seifsa chief economist Chifipa Mhango says... 

China to 'strengthen management' of strategic mineral resources, eyes green upgrade of steel

By: Reuters     5th March 2021 China will "strengthen management and control" of its strategic mineral resources, the government said on Friday as it set out a five-year development plan, without providing any details on how it plans to secure key supplies and boost self-sufficiency. China, the world's top metals consumer,... 

TPI warns that most large firms have not gone clean enough to meet Paris agreement

By: Marleny Arnoldi     17th February 2021 The Transition Pathway Initiative (TPI) has warned that 86%, or 95 out of 111, of global publicly listed firms surveyed in heavy industries have failed to prepare for the “transition decade”. Research done by the initiative points to an $856-billion climate risk, which is the combined market cap... 

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