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SAB launches talent programme, invites young graduates to apply
Published: 03 May 24
Against the backdrop of a high unemployment rate among South Africa’s youth, beermaker South African Breweries (SAB) has launched the first edition of its SAB Talent Challenge. The SAB explains that the programme aims to turn “traditional talent attraction practice on its head through this progressive challenge, as a recruitment tool.”
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The lights are on in South Africa and many people are suspicious
Published: 03 May 24
South Africa is enjoying a rare streak of uninterrupted electricity right before elections, drawing more suspicion than praise in a nation that’s become accustomed to the daily power cuts that have dragged on for years. The country is currently in its fourth successive week of no outages — the longest period South Africans have consistently had electricity supply in more than two years. The recovery coincides with political parties ramping up their campaigns before the May 29 vote, in which the ruling African National Congress (ANC) risks losing its parliamentary majority for the first time in three decades. Almost two-thirds of people in a BrandMapp-Silverstone survey last year said they’d consider not voting for the ANC because of power cuts. A prolonged resumption of the outages is likely to result in a lower voter turnout — a scenario that could work in favour of the main opposition Democratic Alliance, which has previously had a good record in getting its supporters to cast ballots. The DA has put the improved power supply down to the state quadrupling the billions of rands it spends on diesel to run emergency plants over the past four years. The government insists it’s the result of the work state utility Eskom has done on repairing its facilities.
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Boliden to restart its Tara zinc mine in Ireland
Published: 03 May 24
Swedish mining group Boliden will restart production at its Tara zinc mine in Ireland after it was paused in 2023, it said on Friday.
The mine was put on care and maintenance last year after prices of the galvanizing metal hit a three-year low, and Boliden begun talks with staff over a planned resumption in the second quarter of this year.
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What’s Anglo worth? For now it’s less than the sum of its parts
Published: 03 May 24
As BHP Group considers its next move, there’s one big question facing the mining world’s bankers, analysts and executives at rival producers: What’s Anglo American actually worth?
Anglo’s shares are trading about 8% above the price implied by BHP’s initial proposal, which was swiftly and firmly rejected, and Bloomberg reported on the weekend that the larger firm was considering an improved offer.
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West Wits to raise A$1.4m
Published: 03 May 24
To strengthen its balance sheet and fund its ongoing operations, ASX-listed West Wits Mining has secured firm commitments from unrelated existing and new sophisticated and professional investors to raise A$1.4-million, before costs, through a share placement. It intends to issue about 107.69-million fully paid ordinary shares at A$0.013 a piece.
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WBHO completes two solar plants, impactful community initiatives in Lichtenburg
Published: 03 May 24
Construction group Wilson Bayly Holmes-Ovcon (WBHO) and renewable energy company Sola Group have completed construction of the Merak 2 & 3 solar photovoltaic projects near Lichtenburg, in North West.
The two solar plants, with capacities of 130 MW and 126 MW, respectively, span an area of 4 km2 and will deliver power through a wheeling agreement to mineral sands miner Tronox.
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Epiroc acquires South African rock drilling parts maker Weco
Published: 03 May 24
Swedish equipment manufacturer Epiroc has successfully acquired Weco, a South African manufacturer of precision-engineered rock drilling parts.
Weco has been operating in Krugersdorp, Gauteng, for more than 40 years, serving mainly underground mining customers in the Southern Africa region.
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TFR ramps up coal trains to 28 a week
Published: 03 May 24
State-owned Transnet Freight Rail (TFR) has embarked on a ramp up of GF-class coal trains from 21 a week to 28 a week, supported by an injection of locomotives. This is part of Transnet’s recovery plan initiatives, and a commitment made to the City of uMhlathuze leadership and other stakeholders during the Stakeholder Collaboration on Truck Congestion Solutions meeting held in the Port of Richards Bay, in KwaZulu-Natal, on November 21 last year.
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Enhanced regulation, law enforcement needed to combat scrap metal theft
Published: 03 May 24
Enhanced regulation and enforcement are needed to address the challenges of scrap metal theft in South Africa and potentially lift the ban on scrap metal exports, research and advisory firm Birguid analyst Noquele Dube says. She explains that the scrap metal industry contributes R15-billion to South Africa's gross domestic product and employs about 350 000 people, according to the Metals Recycling Association of South Africa (MRA).
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Saudi, Johannesburg stock exchanges partner to advance new instruments, market access
Published: 03 May 24
The JSE has signed a memorandum of understanding (MoU) with Saudi Tadawul Group (STG), aimed at enhancing financial market collaboration and bolstering economic ties between South Africa and Saudi Arabia.
The agreement serves as a catalyst for growth, innovation and technological advancement in both markets, supported by a shared vision for future prosperity, says JSE group CEO Leila Fourie.
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ACSA infrastructure investment plan, South Africa
Published: 03 May 24
Red Sands battery energy storage solutions project, South Africa
Published: 03 May 24
Bankenveld District City development, South Africa
Published: 03 May 24
Two of BHP Group’s biggest rivals are sitting on the sidelines for the moment as they watch to see how a takeover offer for Anglo American will...
Hot Chili arranges nearly A$30m for Chile copper project
Published: 06 May 24
ASX-listed copper miner Hot Chili has arranged about A$30-million in funding to accelerate its Costa Fuego copper project, located in the coastal...
Sierra Rutile directed to resume mining operations
Published: 06 May 24
The government of Sierra Leone has instructed ASX-listed Sierra Rutile to recommence mining activities in Area 1 by the end of the month....
