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Mauritius Telecom in talks for subsea cable to link Africa, Asia
Published: 30 Apr 24
Mauritius’ top telecommunications company is in talks with operators including Reliance Jio Infocomm and Orange for a new undersea cable linking Africa, Indian Ocean islands and Asia, improving redundancy in region hit by breakdowns. The new line named T4 will replace the South Africa Far East (SAFE) cable that’s coming to end of life in 2027, a quarter of a century after commissioning. T4 will have 1 000 times more capacity than the SAFE, according to Kapil Reesaul, chief executive officer of the Port Louis-based Mauritius Telecom.
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US reforms environmental law to speed up clean energy, infrastructure approval
Published: 30 Apr 24
The White House on Tuesday reformed the US environmental review process for major projects which officials said would speed up approval of everything from transmission of power from wind and solar farms to semiconductor manufacturing.
The reforms are the second and final phase of the administration of President Joe Biden's adjustments to the National Environmental Policy Act, or NEPA, after former President Donald Trump overhauled the bedrock environmental law in 2021 for the first time in decades.
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UK-Morocco renewable energy link plan gets $10.2m boost
Published: 30 Apr 24
GE Vernova invested $10.2-million in Xlinks First, the UK company planning a massive renewable power project in Morocco and a 4 000 km undersea cable to deliver the energy to Britain. The investment helped close the latest funding round for Xlinks First, capping $110-million raised to date, according to CEO James Humfrey. It’s an incremental step for the company as it advances a project it estimates will cost as much as £24-billion ($30.1-billion) to construct.
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White House eyes Russian uranium import ban while house bill stalls
Published: 30 Apr 24
The Biden administration is considering banning imports of enriched Russian uranium using executive authority as congressional efforts to block the Kremlin’s shipments of the reactor fuel stall, people familiar with the matter said.
Officials from the White House National Security Council, the Department of Energy and other corners of the administration have been in talks on limiting Russian uranium imports, including a ban that includes waivers similar to legislation the easily passed the House last year, the people said.
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Antilles disappointed with Dominican arbitration award
Published: 30 Apr 24
ASX-listed Antilles Gold chairperson Brian Johnson on Tuesday expressed the company’s disappointment with the tribunal of the International Centre for Settlement of Investment Dispute’s (ICSID’s) arbitration award related to the Las Lagunas gold tailings project in the Dominican Republic. Having rejected EnviroGold Lagunas’ (EVGLL’s) principal claim of $15.5-million, the ICSID awarded the Antilles subsidiary $4.07-million, including interest to April 24.
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MAC forecasts stronger Q2 performance, says CEO McMullen
Published: 30 Apr 24
Copper miner Metals Acquisition Limited (MAC) expects a rebound at the CSA mine in the second quarter following a softer performance in the initial quarter of the year.
Despite encountering challenges such as lower mill grade and a power outage triggered by an offsite storm event, the CSA mine in New South Wales largely met expectations in the March quarter, CEO Mick McMullen said on Tuesday.
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As BHP weighs firm bid for Anglo, investors fret over cherry-picking assets
Published: 30 Apr 24
BHP Group can't cherry pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters, concerned that they stand to lose heavily by holding shares in South African subsidiaries. The world's No. 1 miner is weighing up its next move after its initial $39-billion takeover proposal for smaller rival Anglo was rejected last week. The proposed premium was 31% on Anglo's implied value.
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Implats platinum group metals output up amid robust demand but lacklustre pricing
Published: 30 Apr 24
Platinum group metals (PGMs) mining and marketing company Implats on Tuesday reported higher production in a period characterised by robust demand but lacklustre PGM prices. “Despite continued macroeconomic and geopolitical uncertainty, demand from our contractual customers remains robust, with elevated additional volumes requested via spot sales during the third quarter.
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Implats PGMs platinum group metals
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Nedlac urges employers to allow workers to vote on May 29
Published: 30 Apr 24
The leadership of organised business, labour, community and government at the National Development and Labour Council has urged all employers to support and allow their employees vote in the upcoming general elections on May 29. Nedlac explains that while election day is a public holiday, there are still those who are required to work, such as those in the essential services and in the retail and agricultural sectors. “Our democracy is only sustainable if every registered voter is allowed to vote on election day,” Nedlac said. The Labour Council encouraged all employers to observe election day as a paid public holiday and, where possible, to give workers the day off. “This will enable all eligible workers to cast their votes and reduce pressure on voting stations as people rush to vote at night. It will also avoid voters being at risk of crime at night,” it said. It added that for those employers providing an essential service or needing to work on election day, they should provide adequate time to for their staff to go to their voting stations.
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Sandfire announces maiden resource for new Botswana discovery
Published: 30 Apr 24
Australia-headquartered Sandfire Resources has unveiled potential for new copper and silver discovery in Botswana, with the announcement of a maiden resource estimate for the A1 deposit, about 20 km from the Motheo copper mine, in Botswana. The company’s third-quarter results unveiled a maiden inferred resource estimate of 5.6-million tonnes at 1.3% copper and 10 g/t silver for the A1 deposit.
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Gonfreville-l’Orcher hydrogen production plant, France
Published: 26 Apr 24
Khavda Renewable Energy Park, India
Published: 26 Apr 24
Grand Ethiopian Renaissance Dam, Ethiopia – update
Published: 26 Apr 24
A panel of experts recently underscored the critical importance of climate change governance for businesses and governments worldwide in a webinar...
Yearly Air Force show promises 'mini-war', aircraft displays
Published: 30 Apr 24
The South African Air Force (SAAF) Museum Annual Airshow will be held on May 4 at the Air Force Mobile Deployment Wing (AF MDW) alongside Old...
Decarbonisation investment while paying carbon tax is impossible, says AMSA's Verster
Published: 30 Apr 24
Paying billions of rands in carbon tax while simultaneously investing in decarbonisation efforts is impossible, steel maker ArcelorMittal South...
