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Press Office - WEG Africa

Nigeria to offer investors 75% stake in proposed solid minerals firm
31st January 2024 By: Reuters

Nigeria plans to offer investors at least a 75% stake in a proposed solid minerals corporation, a minister said on Tuesday, as lawmakers draft legislation to create the new state-backed firm to... 


Trafigura-backed nickel mine seeks new partner to secure bailout
Trafigura-backed nickel mine seeks new partner to secure bailout
31st January 2024 By: Bloomberg

A major nickel operation backed by Trafigura Group will need support from a new investor after the trading giant declined to contribute more funds as part of a French government rescue package for... 


Ndalamo CEO Shammy Luvhengo.
Coal miner Ndalamo pursuing renewable energy, other minerals
31st January 2024 By: Martin Creamer

Coal mining company Ndalamo Resources is actively exploring opportunities in renewable energy and other minerals, paving the way for a diversified and resilient future. Ndalamo CEO Shammy Luvhengo... 


RMB helps SOLA Group raise R2.8bn for Virginia solar PV project
31st January 2024 By: Schalk Burger

Financial services group Rand Merchant Bank (RMB) has helped South African independent power producer (IPP) SOLA Group raise a R2.8-billion debt and equity package for its 150 MW multi-offtake... 


Eskom Distribution MD Monde Bala
Eskom backs Necom-level consultation on use of electricity tokens to upscale virtual wheeling
30th January 2024 By: Terence Creamer

Eskom Distribution MD Monde Bala has signalled the utility’s willingness to consider the integration of an Electricity Credit Token (ECT) financial instrument to accelerate the implementation of a... 


AU’s G20 inclusion, South Africa’s 2025 presidency, present opportunities for the continent
30th January 2024 By: Tasneem Bulbulia

With exogenous and endogenous shocks impacting on Africa countries to varying degrees over the years, and different regions showcasing different levels of macroeconomic resilience, the African... 


South African Rand
IMF cuts South Africa's 2024 growth forecast
30th January 2024 By: Bloomberg

The International Monetary Fund downgraded its economic-growth forecasts for South Africa, warning that logistical challenges are constraining activity and acting as a drag on the entire region.... 


Image of a Stellantis dealership
Stellantis plant to break ground in May; Citroën key as volume brand going forward – Whitfield
30th January 2024 By: Irma Venter

Construction work on Stellantis’ assembly plant in the Coega Special Economic Zone, in the Eastern Cape, should kick off in May, says the vehicle manufacturer’s new CEO Mike Whitfield. The start of... 


Trader IXM will shrink aluminium unit to focus on core business
30th January 2024 By: Bloomberg

IXM, the trading house owned by Chinese miner CMOC Group, is stepping back from the aluminum market to focus on its core business. The trading house, the third-largest metals trader behind... 


Growthpoint Properties South Africa CEO Estienne de Klerk
Growthpoint enters 195 GWh/y renewable energy PPA with Etana Energy
30th January 2024 By: Schalk Burger

JSE-listed real estate investment trust Growthpoint Properties has entered into a power purchase agreement (PPA) with electricity trader Etana Energy for 195 GWh/y of renewable energy, which... 


Stellenbosch, Western Cape universities receive muon detector from France
30th January 2024 By: Rebecca Campbell

Research into cosmic rays by scientists at Stellenbosch University (SU) and the University of the Western Cape (UWC) has been energised by the delivery, from France, of a muon detector. The... 


Nickolaus Bauer
South Africa's Easy Election Guide: Who To Vote For in 2024? – Nickolaus Bauer
30th January 2024 By: Thabi Shomolekae

With South Africa’s democracy suffering from growing apathy with fewer eligible voters wanting to express themselves at the ballot box, award winning journalist Nickolaus Bauer notes that this... 


Kibali gold plant in the Democratic Republic of Congo.
DRC’s green and automated Kibali gold operation highlighted as mining role model
30th January 2024 By: Martin Creamer

Kibali, the largest gold mine in Africa, is now also one of Africa's greenest and most impressively automated operations, which continues to stimulate local economic development and even provides... 


Wind farm
IPPO ‘engaging’ with Eskom on implications of new curtailment rules for current renewables bid window
30th January 2024 By: Terence Creamer

The Independent Power Producer Office (IPPO) reports that it is engaging with Eskom on its newly released curtailment addendum to the latest Generation Connection Capacity Assessment (GCCA 2025) –... 


Hot rolled steel bars
ArcelorMittal South Africa warns of losses on the back of long steel impairment charge
30th January 2024 By: Marleny Arnoldi

Primary steel producer ArcelorMittal South Africa expects to report a 238% to 261% year-on-year decrease in earnings per share (EPS) for the year ended December 31, owing to a R2.1-billion... 


 A changing grid requires flexibility
A changing grid requires flexibility
30th January 2024

By Dwibin Thomas, Cluster Automation Leader at Schneider Electric  Winston Churchill said, "To improve is to change; to be perfect is to change often."  It is a wonderful sentiment that can be... 


World's biggest jeweller Pandora stops using mined silver and gold
World's biggest jeweller Pandora stops using mined silver and gold
29th January 2024 By: Reuters

Pandora, the world's largest jeweller by amount of products sold, has stopped using mined silver and gold and now only manufactures with recycled precious metals, which require less energy to... 


An image depicting graphite
Blencowe receives letter of interest from US International DFC
29th January 2024 By: Sabrina Jardim

UK-headquartered graphite developer Blencowe Resources has received a formal Letter of Interest (LoI) from the US International Development Finance Corporation (DFC), in which the DFC has indicated... 


Australia's Resources Minister seeks investment from South Korea, Japan
Australia's Resources Minister seeks investment from South Korea, Japan
29th January 2024 By: Reuters

Australia's Resources Minister has begun a week long trip to South Korea and Japan to discuss gas exports and critical minerals opportunities, as its government on Monday released a "prospectus"... 


Italy's Meloni seeks new partnership with Africa, funds limited
29th January 2024 By: Reuters

Italian Prime Minister Giorgia Meloni called for a new partnership with Africa on Monday, unveiling a long-awaited plan aimed at boosting economic ties, creating an energy hub for Europe and... 


Artist impression of a green hydrogen facility
South African green hydrogen developers urged to bid for €270m in German grant funding to close project ‘bankability gap’
29th January 2024 By: Terence Creamer

South African developers of mature green hydrogen or derivatives projects are potentially eligible for non-refundable grant funding being extended under Germany’s €270-million Power-to-X (PtX)... 


Africa Energy Indaba unveils essential energy solutions amidst SA’s 31% electricity hike
29th January 2024

The Africa Energy Indaba serves as an impetus for individuals, businesses, and policymakers to collaborate in solving the impending difficulties posed by inflationary electricity costs. 


Public, private sectors gear up for green investments at Africa’s Green Economy Summit
29th January 2024

“This giant is on snooze,” said financial journalist and event moderator Fifi Andrews recently at the World Economic Forum in Davos during a session on scaling the African economy, raising the... 


 The green economy – our place in history starts today
The green economy – our place in history starts today
29th January 2024

By Devan Pillay, Cluster President: Anglophone Africa at Schneider Electric In a time when the planet is under tremendous pressure, facing the existential threat of complete environmental... 


An Investing in African Mining sign
Logistics, energy challenges remain for Mining Indaba host South Africa
29th January 2024 By: Schalk Burger

Mining Indaba to open with SA mining industry hit hard by rail inefficiencies The yearly African Mining Indaba will start on February 5 against the backdrop of the local mining industry facing... 


Bolivia launches new international tender for lithium extraction
Bolivia launches new international tender for lithium extraction
29th January 2024 By: Reuters

Bolivia's government has launched a new international tender for companies to extract lithium from the country's salt flats, the energy minister said on Friday. The tender, from state-owned... 


Brazilian President Luiz Inacio Lula da Silva
Brazil's mining chief says Lula never tried to weigh in on Vale succession
29th January 2024 By: Reuters

Brazilian President Luiz Inacio Lula da Silva has not sought to influence who will be chief executive of major mining company Vale, a senior official said on Friday, after recent reports suggesting... 


Substation with wind turbines in the background
Eskom’s new curtailment addendum unlocks 3 470 MW of grid for wind in Western and Eastern Cape
27th January 2024 By: Terence Creamer

Eskom has taken a major step in unlocking much-needed grid capacity for wind projects in the Western and Eastern Cape provinces by publishing the highly-anticipated curtailment addendum to its... 


SKF Authorised Distributor, Bearings 2000, contributes to the circular economy through sustained support of SKF’s bearing reman solutions
SKF Authorised Distributor, Bearings 2000, contributes to the circular economy through sustained support of SKF’s bearing reman solutions
26th January 2024

Throughout 2023, SKF Authorised Distributor, Bearings 2000, supported SKF’s Remanufacturing Services with a strong focus on remanufacturing mainly Spherical Roller Bearings (SRB) used in food &... 


GEM and Anglo teams at signing ceremony.
Anglo launches battery raw materials research project with large China recycler
26th January 2024 By: Martin Creamer

South Africa-founded and Johannesburg- and London-listed Anglo American on Friday announced the launch of a research and development project in collaboration with one of China’s largest battery and... 


An image depicting Multotec processing equipment MD Bheka Majola
Multotec wins SACEEC Exporter of the Year Award
26th January 2024 By: Sabrina Jardim

Mineral processing equipment supplier Multotec has won the South African Capital Equipment Export Council’s (SACEEC’s) Exporter of the Year Award in the category for companies with a turnover of... 


Graphic depicting the various uses of green hydrogen
USTDA to host South African delegation in the US to accelerate green hydrogen collaboration
26th January 2024 By: Schalk Burger

The US Trade and Development Agency (USTDA) will bring a delegation of South African clean energy sector decision-makers to the US to build partnerships between the countries to accelerate the... 


 How West Africa is building resilience against climate change
How West Africa is building resilience against climate change
26th January 2024

By Obinna Uche, Sales Director, Power Systems Division at Schneider Electric Anglophone West Africa According to the report Climate Change and Security in West Africa published by the Stockholm... 


Novagold and Barrick diverge on next steps for Donlin
Novagold and Barrick diverge on next steps for Donlin
26th January 2024 By: Mariaan Webb

The joint owners of the Donlin project – Novagold and Barrick Gold – have yet to reach consensus on the path forward for the Alaska project, it was revealed on Thursday. The December Donlin board... 


A view of office buildings in Sandton, Gauteng
BMI foresees better growth in South Africa, Nigeria this year
26th January 2024 By: Schalk Burger

After acting as a drag on sub-Saharan African growth in 2023, Nigeria and South Africa are expected to reverse this trend during the current year, as they shake off the effect of the headwinds that... 


City of Tshwane approves report to lease two power stations to independent producers
26th January 2024 By: News24Wire

The City of Tshwane could be closer to an "energy-secure" metro, having approved a second report allowing it to proceed with the 40-year lease of its Rooiwal and Pretoria West power stations to... 


Adventus acquires outstanding Luminex shares
26th January 2024 By: Tasneem Bulbulia

Ecuador-focused copper/gold exploration and development company Adventus Mining has acquired all of the issued and outstanding common shares of Canada-based precious and base metals exploration and... 


Weba image
Weba Chute Systems
26th January 2024

Weba Chute Systems is world-renowned for ensuring that its custom-engineered chutes add immediate and significant value to customers profitability, uptime and on-site health and safety. The... 


A man in yellow PPE in front of a rock face looking at a stone sample.
Exploration deficit hampering sector
26th January 2024 By: Halima Frost

South Africa’s mineral exploration sector is underperforming, with as much as a 15-year deficit in terms of the required exploration activity for a minerals- and mining- prolific country, posits... 


a man and woman shaking hands in line with a small french flag
French delegation aims to forge new ties
26th January 2024

The French Trade Commission, referred to as Business France, will again attend the Investing in African Mining Indaba, which will be held at the Cape Town International Convention Centre, from... 


Image of periodic table symbol for nickel
Nickel refinery, South Korea
26th January 2024 By: Sheila Barradas

Korea Energy Materials plans to build an all-in-one nickel refinery in Ulsan, South Korea. 


An image depicting Safeera Loonat
Firm uses Indaba to understand client needs
26th January 2024 By: Sabrina Jardim

As a participant at this year’s Investing in African Mining Indaba – to be held at the Cape Town International Convention Centre from February 5 to 8 – audit, tax and advisory services firm KPMG is... 


An image depicting Patrycja Kula-verster
JSE punts incentives, facilitates capital flow
26th January 2024 By: Sabrina Jardim

While the global energy transition has sparked a greater demand for critical minerals, access to capital and a lack of incentives have made it challenging for African mining companies to embark on... 


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