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Trade, Industry and Competition Minister Ebrahim Patel dtic seeks to create a competitive medical technology industry with new master plan
Published: 14 May 24
Trade, Industry and Competition Minister Ebrahim Patel has launched the Medical Technology (MedTech) Master Plan, which is aimed at creating a proficient and competitive medical technology industry over the next three years that will supply domestic and international markets. “The medical technologies sector offers a unique and significant opportunity for growth in South Africa. The sector has emerged as an increasingly innovative sector, developing technologies that can service both our local market and abroad.
Future Metals secures EIS grant for Eileen Bore drilling Future Metals secures EIS grant for Eileen Bore drilling
Published: 14 May 24
Exploration company Future Metals has been awarded A$180 000 under the Western Australian government’s exploration incentive scheme (EIS) to conduct drilling at the Eileen Bore prospect. Situated about 20 km from Future’s Panton project, in the East Kimberley region, Eileen Bore is an advanced exploration target. Historical drilling data has revealed a broad zone of copper, nickel and platinum group metals mineralisation.
Image of Cyril Ramaphosa Concerns heighten as Ramaphosa readies to sign NHI Bill into law
Published: 14 May 24
Business and political parties have expressed disappointment with President Cyril Ramphosa’s announcement that he will, on Wednesday, sign into law the controversial National Health Insurance (NHI) Bill. On Monday, Ramaphosa announced that he would publicly sign the Bill, which government hoped to use to achieve universal coverage for health services and, through this, overcome socioeconomic imbalances and past inequities.
Rubble being removed at the site of a building collapse in George Pathology services seek to expedite identification as George building collapse death toll reaches 32
Published: 14 May 24
Forensic Pathology Services (FPS) and the South African Police Service are planning to expedite the identification of persons killed in a building collapse in George, in the Western Cape, with only six of the 32 deceased persons identified thus far. Eighty-one people were working on site on the partially built building when it collapsed on May 6.
MTN Q1 performance muted on ongoing macroenvironment challenges
Published: 14 May 24
JSE-listed MTN on Tuesday posted a dip in service revenue and earnings during the first quarter of the year, amid ongoing high inflation and local currency devaluations in some of its key markets. The group reported a 28.7% contraction in earnings before interest, taxes, depreciation and amortisation (Ebitda) from R24.27-billion in the first quarter of 2023 to R17.3-billion in the first quarter of 2024.
Copper climbs to highest in two years as bulls see deficit Copper climbs to highest in two years as bulls see deficit
Published: 14 May 24
Copper touched its highest level since 2022 after a powerful rally fueled by forecasts of a growing global supply deficit. The commodity’s gain since the start of January is approaching 20% with prices defying typical indicators of soft demand, especially in China. That’s partly because investors see tight mine supply creating a shortfall of the metal as soon as this year.
Hochschild Mining CEO Eduardo Landin Hochschild hits commercial production at its first Brazil mine
Published: 14 May 24
Precious metals company Hochschild Mining has achieved commercial production at the Mara Rosa gold mine – its first operation in Brazil. During May, the Mara Rosa processing plant has operated at an average throughput of 90% of its nameplate capacity of 7 000 t/d and exceeded 80% average recoveries.
Anglo American Platinum's Mogalakwena operation in South Africa Investors expect BHP to lift Anglo American offer again
Published: 14 May 24
BHP is likely to sweeten its $43-billion takeover offer for Anglo American for a second time and possibly add cash, investors in both companies said on Tuesday, after the London-headquartered target rejected a higher bid. Anglo said the improved all-share offer, up 10% from BHP's initial proposal, continued to significantly undervalue the company.
Buxton acquires Arizona manganese exploration project Buxton acquires Arizona manganese exploration project
Published: 14 May 24
Australia-listed Buxton Resources on Tuesday announced an agreement to acquire a manganese brownfields exploration project in Arizona, US. The Matrix manganese project, in Mohave county, is adjacent to the Artillery Peak project, which has a resource of 277-million tonnes at 2.8% manganese.
Glencore Coal launches Australia apprenticeship progamme Glencore Coal launches Australia apprenticeship progamme
Published: 14 May 24
Glencore Australia has announced the opening of its 2025 apprenticeship programme for applications, inviting aspiring candidates to apply for an opportunity or skills development and hands-on experience in the coal industry in New South Wales and Queensland. Scheduled to kick off in January, the programme promises a blend of hands-on learning, industry exposure and avenues for career growth, says Glencore Coal human resources manager Stella De Best.
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