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SAWEA gearing up for seventh WindAc Africa conference
Published: 22 Apr 24
The seventh yearly WindAc Africa conference, organised by the South African Wind Energy Association (SAWEA), is drawing near. It will take place from October 1 to 3 at the Cape Town International Convention Centre (CTICC), running concurrently with the Windaba Conference and Exhibition.
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Nelson Mandela University-led consortium to develop green hydrogen feasibility study
Published: 22 Apr 24
A consortium led by Nelson Mandela University and boutique consultancy firm Ikigai Group has won a UK Government grant under the South Africa-UK Partnering for Accelerated Climate Transitions (Pact) programme to deliver an innovative feasibility study to explore the viability of green hydrogen production and export infrastructure from the Eastern Cape to global markets, including the UK, Europe and Japan. The consortium will be working with the Industrial Development Corporation of South Africa (IDC) in support of South Africa’s wider development and just energy transition plans.
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M&R’s TNT awarded EPC contract in South America
Published: 22 Apr 24
JSE-listed Murray & Roberts (M&R) has announced that Terra Nova Technologies (TNT), in joint venture with Ingeniería y Construcción Sigdo Koppers, has been awarded an engineering, procurement and construction (EPC) contract with a large copper producer for a mine in South America. The contract value is about $200-million, with TNT’s share in the joint venture being 51%.
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Ramokgopa describes IPP surpluses as low-hanging fruit amid delay in finding contractual solution
Published: 22 Apr 24
Electricity Minister Kgosientsho Ramokgopa describes surplus electricity arising from existing renewable energy facilities as “low hanging fruit” in improving the supply-demand balance and reports that discussions are under way to assess ways to make this energy available to the grid. Speaking during a regular update on the Energy Action Plan, Ramokgopa confirmed that the issue, which had been under consideration for years, had again been raised with him by the leadership of Scatec during his recent visit to the group’s Kenhardt solar-battery facility in the Northern Cape.
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Rich copper intercept in N Cape sends Orion’s shares soaring on Australian exchange
Published: 22 Apr 24
The richness of South Africa’s copper assets were emphasised on Monday when Northern Cape mine developer and explorer Orion Minerals published a standout intercept that sent its shares rocketing up 58% on the Australian Stock Exchange (ASX). Orion, headed by CEO Errol Smart, is primarily listed on the ASX, where it has 1 300 shareholders, and secondarily listed on the Johannesburg Stock Exchange (JSE), where it has 28 000 shareholders.
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Orion Minerals Northern Cape copper zinc
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Embraer reports strong increase in airliner order backlog
Published: 22 Apr 24
Brazil-based global major aerospace group Embraer – the world’s number three maker of jet airliners – has released its deliveries and order backlog report for the first quarter of this year (1Q24). Deliveries of its commercial and executive (or business) aircraft types are up 67%, year-on-year. And its order backlog is the highest it has been in seven years. The order backlog, at the end of 1Q24, stood at $21.1-billion, a 13% increase over the figure for 4Q23. During 1Q24, the company’s commercial jets (airliners) order backlog increased by $2.3-billion (a 26% jump, quarter-on-quarter (q-o-q)), and its business jet order backlog rose by $4.6-billion (a 7% rise q-o-q). Its services and support backlog neither rose nor fell, while its defence and security backlog (at $2.4-billion) declined by -4%. (Recent selections, by some countries, of the Embraer C-390 airlifter for their air forces, have not yet been incorporated into the defence and security backlog.)
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Balwin adds padel courts to Mall of Africa offering
Published: 22 Apr 24
JSE-listed real estate investment trusts Balwin and Attacq will open six new rooftop padel courts at the Mall of Africa in Waterfall City as demand for the lifestyle sport gains momentum. Four of the courts will be covered and the venue will also host the first Balwin Padel Club, with amenities such as locker and shower facilities for players.
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Zambian claimants get permission to appeal class action lawsuit against Anglo American
Published: 22 Apr 24
The Johannesburg High Court on April 19 granted permission to appeal an earlier ruling denying class action certification for 140 000 women and children in Kabwe, Zambia, who allege they have suffered the effects of lead poisoning as a result of a mine formerly owned by Anglo American in the country. In granting permission, Justice Leonie Wendell found that an appeal against her earlier judgment had “reasonable prospects of success on at least one ground of appeal” and that there were “compelling reasons to grant the appeal, as class action law is still being developed in South Africa”, and that “there are current matters of law of public importance which directly implicate constitutional rights”.
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South32 reports improved operating results for March quarter
Published: 22 Apr 24
Diversified miner South32 has reported an overall improvement in its operating results for the March quarter and record year-to-date production at Hillside Aluminium, in KwaZulu-Natal, and South Africa Manganese, in the Northern Cape, along with a 60% increase in quarterly volumes at Illawarra Metallurgical Coal, in Australia. The group confirmed that its operating unit cost guidance for the 2024 financial year will remain unchanged, with the exception of the group’s Australia Manganese operations, which were affected by the impacts of tropical cyclone Megan.
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HySHiFT sustainable aviation fuel project, South Africa – update
Published: 19 Apr 24
Natrium reactor demonstration project, US – update
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Rooiwal Waste Water Works repair and upgrade, South Africa – update
Published: 19 Apr 24
Employee share ownership plans (ESOPs) or worker share ownership programmes have enjoyed several successes in South Africa, especially gaining...
