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Development finance agency highlights Africa’s infrastructure needs and opportunities
Published: 17 May 24
The Africa Finance Corporation (AFC), which exists to catalyse private-sector investment in African infrastructure, on Friday released its latest report, State of Africa’s Infrastructure Report 2024: The infrastructure imperative: Igniting Africa’s Industrial Renaissance. This found that the continent had an “unprecedented opportunity” to impel its development by bringing its substantial renewable energy resources, and solutions for its deficient infrastructure, into alignment. “The report is not just about identifying challenges; it’s about unlocking the immense potential that lies within our collective resolve,” stressed AFC president and CEO Samaila Zubairu. “The State of Africa’s Infrastructure Report is a call to action for stakeholders across the continent to collaborate for a smarter, more targeted, and better coordinated investment approach.”
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Development finance agency highlights Africa’s infrastructure needs and opportunities
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Tshwane’s first separation-at-source project in a public space signals success
Published: 17 May 24
A separation-at-source recycling campaign, called S@S, at Tshwane’s public Fountains Valley Resort – a collaboration between the City of Tshwane and producer responsibility organisation Petco – is being described by officials as a success, with plans to extend it to other resorts and public areas in the city. Since February, visitors to the Fountains Valley Resort have been greeted by 12 large colour-coded and labelled recycling bins as part of the city’s first S@S recycling campaign in a public space.
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Tshwane’s first separation-at-source project in a public space signals success
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Glencore expands adherence to standards, reporting frameworks to ensure sustainability
Published: 17 May 24
Global diversified miner Glencore’s emissions and energy use increased in 2023, but the group continues to make strides in managing its operations sustainably and according to ever-evolving standards.
Glencore’s total energy use last year was 202 PJ, compared with 194 PJ in 2022. Renewable energy sources delivered 5.4% of Glencore’s total energy needs in 2023, compared with 7.6% in 2022.
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Glencore expands adherence to standards, reporting frameworks to ensure sustainability
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Yet more Chinese imports on their way, this time electric, and available to rent
Published: 17 May 24
Local importer of Dongfeng Sokon Automobile (DFSK) battery electric vehicles (BEV), Enviro Automotive, says it will make a number of additions to its vehicle line-up. The company introduced the DFSK brand to South Africa in July 2022, with the introduction of the EC35 panel van and EC31 one-ton bakkie.
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Yet more Chinese imports on their way, this time electric, and available to rent
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Steady increase in demand for MyCiTi bus service
Published: 17 May 24
The latest audited statistics on MyCiTi ridership in and around Cape Town show that there is an increasing demand for the bus service. “It took some time for the service to settle in again after the Covid-19 pandemic, and for operations to return to normal,” says City of Cape Town Urban Mobility MMC Rob Quintas.
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Steady increase in demand for MyCiTi bus service
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United Airlines is committed to net-zero carbon emissions flying by 2050
Published: 17 May 24
US-based global major carrier United Airlines is committed to achieving net-zero carbon emissions by 2050, its Director Sales: Continental Europe, India, Israel, Africa & Middle East Thorsten Lettnin, assures Engineering News, in an exclusive interview. (Net-zero emissions is not the same thing as zero emissions; in general terms, net zero means that carbon emissions into the atmosphere are balanced by carbon being removed from the atmosphere; as far as the airline industry is concerned, it means ensuring that its carbon emissions in 2050 are no greater than they were in 2019, despite the ongoing massive expansion (100%, every ten years) in the sector.) “We’re heavily into sustainability,” he affirms. “This is really close to our hearts. We are a founder-member of the First Mover Coalition, a grouping of major US corporations committed to cutting their carbon footprints.”
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United Airlines is committed to net-zero carbon emissions flying by 2050
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China's April coal output falls to lowest level since Oct 2022
Published: 17 May 24
China's coal production in April fell to its lowest level since October 2022, statistics bureau data and Reuters records showed on Friday, as continuing mine safety inspections curbed output.
Output was 371.67-million metric tons last month, down 2.9% from a year earlier, according to the National Bureau of Statistics. That was also down 7% from March.
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China's April coal output falls to lowest level since Oct 2022
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Petra weathers lower diamond prices in latest tender
Published: 17 May 24
Independent diamond miner Petra Diamonds’ sixth tender cycle for the 2024 financial year yielded $44-million from the sale of 371 000 ct. CEO Richard Duffy says like-for-like prices were marginally down through this seasonally quiet period, being 2.6% lower than for Tender 5, with demand slightly muted owing to Indian holidays and the continued slow recovery in the Chinese market.
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Petra weathers lower diamond prices in latest tender
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BHP needs to bid about £32 a share for Anglo, JPMorgan says
Published: 17 May 24
HP Group would need to boost its latest offer around 30% to reflect fair value for Anglo American and its key copper assets, JPMorgan analysts said in a note.
They raised their price target for London-listed Anglo to £27.75 a share after reexamining the value of its copper assets, and said the discount for the shares to the implied value of BHP's offer was at its greatest level, implying the market sees a deal as unlikely.
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Coega green ammonia project, South Africa – update
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Umoyilanga hybrid renewables battery project, South Africa – update
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