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Resolute helps to fund African Covid responses

By: Esmarie Iannucci     9th April 2020 Gold miner Resolute Mining has committed more than $1-million in funding to support the response efforts from its host nations in Africa against the Covid-19 pandemic. The ASX-listed miner said that its commitment would consist of direct financial assistance as well as sourcing and supply of... 

Covid-19 cases surpass 10 000 in Africa

By: Sane Dhlamini     8th April 2020 The World Health Organisation has reported that the number of confirmed coronavirus has surpassed the 10 000 mark in Africa, with over 500 deaths. In a statement WHO raised concerns that while the virus was slow to reach the continent, the infection has grown exponentially in recent weeks and... 

Nevada Gold Mines assisting its local communities

By: Simone Liedtke     3rd April 2020 Nevada Gold Mines (NGM), in collaboration with the state of Nevada and its stakeholders, is working to identify immediate needs and provide financial and logistical support to mitigate the impact of the Covid-19 pandemic on its local communities. NGM is a joint venture (JV) between Barrick Gold... 

NT approves first lithium project

By: Esmarie Iannucci     3rd April 2020 The Northern Territory government has approved ASX-listed Core Lithium’s mine management plan for its proposed Finniss lithium project. The Northern Territory’s Primary Industry and Resources Minister Paul Kirby said that it was the first ever lithium mine to be approved outside of Western... 

Altron seeks unbundling, London listing for subsidiary Bytes UK

By: Natasha Odendaal     2nd April 2020 JSE-listed Allied Electronics (Altron) is pursuing a potential unbundling and separate listing of its UK subsidiary, Bytes Technology Group. Following a strategic review, Altron is mulling a listing and potential share offering of Bytes UK on the London Stock Exchange, with a secondary listing on... 

South Africa should seek IMF funding to deal with pandemic - IIF

By: Reuters     1st April 2020  South Africa should seek funding from the International Monetary Fund given its high debt levels, large capital outflows and a potentially deep recession triggered by the rapidly spreading coronavirus pandemic, a financial industry trade group said. The Institute of International Finance said it... 

A grim economic forecast for South Africa from JP Morgan

By: Rebecca Campbell     1st April 2020 US-based investment bank and financial services company JP Morgan Chase & Company (JP Morgan) has, in its latest weekly economic forecast for more than 40 countries and regions around the world, identified South Africa as one of the five countries likely to be the most severely hit by the... 

Eskom gearing up to run philosophy maintenance ‘as a project’ following Covid-19 hiatus 

By: Terence Creamer     1st April 2020 State-owned electricity producer Eskom is gearing up to implement philosophy maintenance as a centralised project across its unreliable coal fleet, where ongoing breakdowns have increased the risk of growth- and confidence-sapping load-shedding. The utility’s board has given its approval for the... 

WEC unpacks energy investment needs

By: Marleny Arnoldi     30th March 2020 The World Energy Council’s 2019 World Energy Trilemma Index indicates there has been a step change in progress toward basic access in some African countries, with many having made substantive improvements, particularly in access to energy and clean cooking under the United Nations Sustainable... 

Mining could be enormous post-virus stabiliser – Minerals Council

By: Martin Creamer     29th March 2020 The mining industry could be an enormous asset in stabilising and growing the economy post the coronavirus crisis – but the right economic and regulatory circumstances would have to prevail, Minerals Council South Africa stated in a weekend media release. Post coronavirus, South Africa would... 

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