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Acquabox offers sustainable drinking water solutions
Published: 24 Apr 24
Acquabox has extended its water delivery services nationwide, offering a sustainable alternative to traditional bottled water delivery services and enables access to water as piped supply is disrupted. According to Mountain Falls and Acquabox founder Michael Beatham, Acquabox is a viable option amid water shortages to ensure access to clean, quality water for all South Africans, offering water delivery that combines convenience, quality and environmental responsibility.
Ironveld enters facility agreement with Tracarta
Published: 24 Apr 24
Aim-listed mining development company Ironveld has entered into a further working capital loan facility agreement with shareholder Tracarta, in which Ironveld chairperson John Wardle has a beneficial interest. The facility agreement enables the company to draw down up to £125 000 on equivalent terms to the existing loan facilities with Tracarta and has a term of six months.
The Tororo solar plant in Uganda Red Rocket of South Africa hires Goldman to explore sale option
Published: 24 Apr 24
Red Rocket, a South African independent power provider, hired Goldman Sachs Group to advise on the next steps for the closely held business – including a possible sale. Shareholders of the Cape Town-based company “have decided to explore strategic options,” for the business, CEO Matteo Brambilla said by email.
The Grasberg mine in Indonesia Miner Freeport-McMoRan beats quarterly profit estimates on strong production
Published: 24 Apr 24
Copper miner Freeport-McMoRan beat Wall Street estimates for first-quarter profit on Tuesday, helped by higher production and easing costs. The mining giant said its quarterly production of copper rose to 1.1-billion pounds from 965-million pounds a year earlier, helped by a 49% jump in output from its Indonesia operations.
G Mining draws remaining $33m for TZ project
Published: 24 Apr 24
Toronto-listed G Mining Ventures (GMIN) has successfully drawn the remaining $33-million on its $75-million senior secured term loan with an affiliate of Franco-Nevada, in accordance with an announcement in July 2022. The proceeds of the term loan will be used to continue the development and construction of GMIN's 100% owned Tocantinzinho gold project currently under construction in Brazil.
rough diamonds being sorted using tweezers Diamond council urges industry to transition to revised System Of Warranties urgently
Published: 24 Apr 24
The World Diamond Council’s (WDC’s) revised System of Warranties (SoW) is set to reach its first critical deadline on September 21, when it becomes obligatory for all rough diamond sales.   “We strongly urge all companies, but especially . . . rough diamond traders, to transition to the revised SoW, if they have not done so yet, to be ready for the September 21 deadline,” WDC executive director Elodie Daguzan said on April 24.
Champion Iron eyes expansion beyond 15Mt/y at Bloom Lake Champion Iron eyes expansion beyond 15Mt/y at Bloom Lake
Published: 24 Apr 24
Canadian miner Champion Iron is considering a significant expansion of its production capacity at the Bloom Lake mine, in Quebec. CEO David Cataford says Champion’s technical team is assessing the investments necessary to structurally increase production beyond the current 15-million-tonne-a-year mark.
Copper 360 CEO Jan Nelson. Copper 360 ships concentrate, on course to pay first dividend next year Has Video
Published: 24 Apr 24
South Africa's rapidly advancing copper producer Copper 360 has shipped copper concentrate from the Northern Cape province for the first time in 21 years, which saw its shares rise by more than 26% on Wednesday, April 24. As South Africa’s only listed pure copper producer, Copper 360 has delivered record concentrate grades during plant commissioning, and is performing way ahead of expectation as a producer of concentrate and copper cathode.
A solar panel being installed Opinion: A call for clear, uniform solar policy in South Africa
Published: 24 Apr 24
In this article, residential solar solutions provider GoSolr CEO and co-founder Andrew Middleton, writes that solar power has the potential to significantly reduce loadshedding, but patchwork policies, differing tariffs and a lack of incentives are stalling growth.
MTN South Africa, Investec, Electrum collaborate to introduce PayShap on MoMo
Published: 24 Apr 24
Information and communications technology group MTN South Africa has partnered with Investec and Electrum to introduce the PayShap solution on its Mobile Money (MoMo) platform. The collaboration aims to provide users with an instant, cost-effective mobile payment system, with MoMo becoming the first non-banking player to offer PayShap, which will address a critical gap in serving the unbanked population.
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