R/€ = 17.13 Change: 0.01
R/$ = 15.10 Change: 0.01
Au 1834.70 $/oz Change: 3.68
Pt 1034.00 $/oz Change: -2.00


Africa needs to beef up and integrate infrastructure for AfCFTA to have desired impact

By: Donna Slater     21st January 2022 African nations need to establish and/or reinforce their infrastructure to meet the looming implementation of the Africa Continental Free Trade Agreement (AfCFTA), a panel of speakers participating in the UK-Africa Investment Conference, on January 20, have said. “For the African free trade area... 

Fortescue looks at Sinosteel's Midwest and Oakajee projects

By: Esmarie Iannucci     21st January 2022 Iron-ore major Fortescue Metals has inked a binding memorandum of understanding (MoU) with major Sinosteel to complete a rapid assessment of that company’s Midwest magnetite project. The assessment will include a rail and port development at Oakajee, Fortescue said on Friday. 

Promise shown despite challenges

By: Theresa Bhowan-Rajah     21st January 2022 The South African mining industry continues to show promise in terms of base metal extraction and production despite challenges such as the impact of Covid-19, supply chain constraints and poor infrastructure, according to law firm Beech Veltman.  “South Africa is well known for its large... 

Concern over decline in galvanised steel uptake

21st January 2022 The steady decline in the uptake of galvanised steel in South Africa is directly related to the drop-off in manufacturing activity and the dwindling number of construction and civil engineering projects under way, notes association body International Zinc Association (IZA) Africa Desk coordinator... 

Rain blamed for Phelophepa II Healthcare Train derailment

By: Darren Parker     20th January 2022 Seven coaches of the Phelophepa II Healthcare Train derailed near Adelaide, in the Eastern Cape, at about 18:05 on January 19. State-owned rail operator Transnet’s corporate social investment arm Transnet Foundation health portfolio senior manager Shamona Kandia tells Engineering News that the... 

DoT, PRASA rehabilitating, reopening Mabopane rail commuter line

By: Schalk Burger     19th January 2022 The Department of Transport (DoT) and the Passenger Rail Agency of South Africa (PRASA) are making progress with the R1.4-billion programme to upgrade infrastructure and implement refurbishments to reopen the Mabopane Corridor, with Pienaarspoort to Pretoria and Mabopane to Pretoria services... 

BHP adjusts copper and coal expectations

By: Esmarie Iannucci     19th January 2022 Diversified major BHP has adjusted its full year outlook for metallurgical coal and copper productions as tough conditions continued. The miner on Wednesday reported that full year copper production was trending towards the low end of the guidance range of between 1.59-million and 1.76-million... 

PRASA has restored services in five of seven rail corridors in the Western Cape

By: Tasneem Bulbulia     17th January 2022 Transport Minister Fikile Mbalula on January 17 said the Passenger Rail Agency of South Africa (PRASA) had restored services in five of the seven passenger rail corridors in the Western Cape. Services had been suspended at the start of the Covid-19 pandemic and subsequent lockdowns, in 2020, and... 

Taseko copper production slips

By: Mariaan Webb     17th January 2022 Copper miner Taseko Mines has reported lower copper production and sales for 2021, as the company suffered major weather-related disruptions in the final quarter of the year. The TSX- and NYSE American-listed miner produced 112-million pounds of copper and sold 105-million pounds from the... 

BHP buys electric trains for the Pilbara

By: Esmarie Iannucci     17th January 2022 Major BHP will purchase four battery-electric locomotives and conduct trials at its Western Australia iron-ore rail network, as part of the company’s ongoing efforts to reduce its operational emissions. The four locomotives are scheduled for delivery in late 2023, with two to be supplied by... 

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