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Death of coal financing is exaggerated as China steps up

By: Bloomberg     9th March 2020 Moves by some of the world’s biggest banks to end coal financing for the sake of the planet was supposed to create major headaches for companies like Whitehaven Coal. Yet there was the Australian miner on a conference call last month announcing the refinancing and extension of a A$1-billion... 

Coeur to reposition Silvertip, operations suspended

By: Mariaan Webb     21st February 2020 NYSE-listed precious metals miner Coeur has temporarily suspended operating activities at its Silvertip zinc/lead/silver mine, in British Columbia, Canada, as the mine struggles to generate positive cash flow amid deteriorating zinc and lead markets. Silvertip, which represents about 6% of... 

Pretium tumbles on production outlook, CEO and chief geologist step down

By: Mariaan Webb     13th February 2020 Golden Triangle gold miner Pretium Resources on Wednesday lost more than one fifth of its value, after the gold miner provided its 2020 guidance for the Brucejack mine and flagged lower production from the new Valley of the Kings deposit. The company also announced that its president and CEO,... 

Zest WEG Group

24th January 2020 Zest WEG Group, a subsidiary of leading Brazilian motor and controls manufacturer WEG, has a strong commitment to contributing to the development of Africa and has been servicing the mining sector on the continent for more than 35 years. An in-depth understanding of the harsh conditions found... 

Applications for self-generation being fast tracked – Ramaphosa

By: Mariaan Webb     18th December 2019 As calls grow for urgent action on electricity self-generation in the wake of the recent devastating power cuts, President Cyril Ramaphosa said on Wednesday that his government was fast-tracking applications that would allow industry and businesses to produce and use its own power. In an opinion... 

Drought, mounting debt leave Zambia and Zimbabwe in the dark

By: Bloomberg     18th December 2019 Drought has plunged millions of Zambians and Zimbabweans into darkness as hydro-power dams drain, and their governments’ debt is making matters worse. Rolling electricity blackouts lasting 18 hours a day have choked the two economies. Ballooning debt has left them unable to afford to import... 

Eskom: Multiple systems failures but grid remains stable and ‘won’t collapse’

By: News24Wire      11th December 2019 Eskom, the beleaguered national electricity utility, is suffering from multiple system failures at power stations around the country brought about by poor planning, old and malfunctioning infrastructure, an acute lack of skills and a loss of institutional expertise. Internal Eskom status updates... 

Project Atlas delivers first gas sales

By: Esmarie Iannucci     10th December 2019 Project Atlas has delivered its first gas sales into the east coast market ahead of schedule, with the gas sold to Queensland power generator CleanCo. ASX-listed Senex Energy on Tuesday said that the agreement with CleanCo complemented Project Atlas’ gas sales agreement with CSR and Orora, which... 

Locking onto efficiencies - AMPCO Gen 2 plastic switched interlocked socket range from Powermite

29th November 2019 Powermite recently expanded its renowned AMPCO product portfolio with the introduction of a range of plastic switched interlocked sockets which form part of a new series of cutting-edge Gen 2 plastic industrial plugs and connectors which are poised to raise the efficiency, versatility and... 

R50m emergency drought funding approved for Western Cape farms

By: African News Agency      24th October 2019 The Western Cape cabinet has approved the release of R50 million in emergency funding to assist farms severely affected by drought.  According to the province's MEC for finance and economic opportunities, David Maynier, the release of the funding was authorised on Tuesday.  

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