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Trevali accelerates T90 programme as its bolsters liquidity

By: Mariaan Webb     7th August 2020 Base metals miner Trevali has secured additional liquidity of up to $45-million from its long-term syndicate of lenders and its largest shareholder, Glencore. The Vancouver-headquartered company, which owns mines in Namibia, Burkina Faso, Peru and Canada, entered into a second amendment and... 

Glencore holds back on dividend, accelerates net debt reduction 

By: Martin Creamer     6th August 2020 Notwithstanding its cash-generative business and secure liquidity positions, the board of Glencore has concluded that it would be inappropriate to make a distribution to shareholders in 2020, Glencore CEO Ivan Glasenberg said on Thursday. Instead the London- and Johannesburg-listed diversified... 

Denel 'studying' Labour Court judgment, assures it will meet its staff obligations

By: Rebecca Campbell     5th August 2020 Financially-beleaguered State-owned defence industrial group Denel has confirmed that it has received the judgment against it by the Labour Court, handed down on Tuesday. The case had been instituted by two of the unions representing workers at Denel. The court ordered the group to pay its... 

Impact of Digitalisation on Africa’s Energy Sector in a Post COVID World

By: Creamer Media Reporter      4th August 2020 COVID-19’s negative repercussions on Africa’s economies have highlighted the importance of achieving energy security to be capable of enduring pandemics and realising a post-crisis economic recovery. Clean energy and the innovative technologies that accompany it, represent a critical catalyst for... 

SKF targets full carbon-neutral manufacturing by 2030

By: Marleny Arnoldi     31st July 2020 Bearing manufacturer SKF is aiming to have its factories carbon neutral by 2030, the Swedish group has announced. The company has already decreased its manufacturing carbon footprint by 36% since 2015 and is operating two carbon-neutral factories.  

Business for South Africa issues call to action on local procurement

By: Donna Slater     31st July 2020 Business for South Africa (BSA) has issued a call to action for corporate South Africa to undertake four actions to assist local procurement during the Covid-19 pandemic. The BSA, an alliance of the main business groups, is calling on companies to review their procurement practices and to give... 

Schneider Electric shows they are acting to build a green and inclusive future for all through H1 extra-financial results

By: Creamer Media Reporter      31st July 2020 Schneider Electric exceeds their year-end target, taking their overall performance for avoiding primary resource consumption to just over 126,000 metric tons The Group reaffirms its commitment to achieve 2020 goals and looks ahead at the 2030 Sustainable Development Goals 

Air Liquide to acquire and operate the biggest oxygen production site in the world

30th July 2020 In line with its plan to reduce its emissions of CO2, Sasol has signed an exclusive negotiation agreement for Air Liquide to acquire the biggest oxygen production site in the world located in Secunda in South Africa. In this context, Air Liquide would operate the 16 air separation units (ASU) of... 

SEIFSA worried about increase in unemployment

By: Creamer Media Reporter      29th July 2020 The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) is concerned about the latest quarterly employment statistics (QES) data released today by Statistics South Africa (Stats SA), which reflect general decreases in domestic employment as local businesses continue to... 

Brazilian major Vale piloting electric locomotive

By: Mariaan Webb     29th July 2020 Diversified mining major Vale, in partnership with Progress Rail – part of US group Caterpillar – is developing a new 100% electric, battery-powered switchyard locomotive. The initiative forms part of the iron-ore miner’s strategy of reducing direct and indirect emissions (Scope 1 and 2). The... 

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