R/€ = 17.10 Change: 0.03
R/$ = 14.06 Change: 0.14
Au 1835.87 $/oz Change: 43.86
Pt 1256.00 $/oz Change: 20.50

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Gold Fields going greener and cleaner across broad front 

By: Martin Creamer     Updated 2 hours 10 minutes ago Gold mining company Gold Fields, which this week announced the board’s green light for a 40 MW solar photovoltaic plant at the South Deep mine, near Carletonville, intends taking short- medium- and long-term steps to lower emissions in underground mining in general and at South Deep in... 

Lithium prices to normalise, as demand increases – Fitch Solutions

By: Simone Liedtke     Updated 2 hours 27 minutes ago Following the spike in Chinese spot prices experienced from the end of December 2020 through to the end of January, research agency Fitch Solutions Country Risk and Industry Research expects broad lithium prices to soon normalise. Chinese spot prices for battery-grade lithium carbonate and... 

Global iron-ore production to recover this year, says GlobalData

By: Tasneem Bulbulia     Updated 2 hours 29 minutes ago Global iron-ore production decreased by 3% to 2.2-billion tonnes in 2020; and global production is expected to grow at a compound annual growth rate (CAGR) of 3.7% between 2021 to 2025 to 2.66-billion tonnes, says data and analytics company GlobalData. The key contributors to this growth will be... 

Production starts at Total’s Zinia project in Angola

By: Simone Liedtke     6th May 2021 Production from the Zinia Phase 2 short-cycle project, which is connected to the existing Pazflor’s floating production, storage and offloading (FPSO) unit in Angola, has started. The project is operated by petroleum refiner Total, which is the joint operator of Block 17 in Angola, together with... 

Ministerial determination sanctioning private power procurement would spur investment, clear regulatory blockages 

By: Terence Creamer     5th May 2021 The chairperson of the South African Independent Power Producer Association (SAIPPA) believes that the quickest and cheapest way to reduce, or eliminate, South Africa’s growth-sapping risk of load-shedding would be for Mineral Resources and Energy Minister Gwede Mantashe to issue a Ministerial... 

Sunstone to sell stake in Finland lithium project

By: Donna Slater     5th May 2021 Australia-headquartered gold and copper miner Sunstone Metals has agreed to sell its 83.6% stake in its Finland-based lithium project to Canada-headquartered explorer and developer United Lithium for a total consideration of A$879 000 – inclusive of 490 000 shares. As such, Sunstone has signed a... 

DFS confirms feasibility of expanding AfriTin’s Uis Phase 1

By: Tasneem Bulbulia     4th May 2021 The definitive feasibility study (DFS) for the expansion of the Phase 1 mining and processing facility and the accompanying ore reserve estimate for the V1 and V2 pegmatites at Aim-listed AfriTin’s Uis tin mine, in Namibia, has confirmed the feasibility of expanding the current Phase 1 processing... 

DFFE denies enviro authorisation for a new 30-year ash disposal facility at Kendal

By: Schalk Burger     4th May 2021 The Department of Forestry, Fisheries and the Environment (DFFE) has refused an integrated environmental authorisation application by State-owned power utility Eskom to build a new 30-year ash disposal facility at the Kendal power station, in Emalahleni, Mpumalanga, on the basis of insufficient... 

Standard Bank partners with MIT on innovative housing and food project in Namibia

3rd May 2021 Standard Bank Group, the Massachusetts Institute of Technology's (MIT’s) Center for Bits and Atoms, and US-based architecture firm redhouse studio have partnered on an innovative social upliftment project in Namibia that uses fungal material from mushrooms to develop housing and food products.... 

Investment plans in a struggling SA tourism sector

3rd May 2021 Throughout 2020, while many hotel groups paused development, there were hotel chains that chose to boost the hospitality and tourism sectors to create more possibilities for guests. A nationwide hotel group has emerged from lockdown after a half a billion rand investment bolstering two new-builds... 

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