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ANC will seek to form government of national unity
Published: 06 Jun 24
South Africa's African National Congress will invite other political parties to form a national unity government, its leader President Cyril Ramaphosa said on Thursday, after it lost its majority for the first time in the democratic era. The former liberation movement once led by Nelson Mandela has run South Africa since it swept to power in a 1994 election that marked the end of white minority rule. But it was punished for its chequered record in last week's vote.
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ANC will seek to form government of national unity
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Global gold ETFs saw first inflows in a year in May, says WGC
Published: 06 Jun 24
Global physically backed gold exchange traded funds (ETFs) attracted their first inflows in May after a year, powered by additions to holdings by Europe- and Asia-listed funds, the World Gold Council (WGC) said on Thursday. Safe-haven demand driven by geopolitical and economic uncertainty, as well as persistent central bank buying contributed to a rally in gold from March to May, taking spot prices XAU= to a record $2 449.89 per ounce on May 20.
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Greater investment needed to ensure the success of Europe's CRMA
Published: 06 Jun 24
Greater investment in both technology and skills is needed in Europe to ensure the successful implementation of the Critical Raw Materials Act (CRMA), Member of the European Parliament Hildegard Bentele has stressed. Speaking at the MiningForum, in Berlin, Germany, on June 6, she said it was an exciting and challenging time for miners, especially for those of strategic raw materials.
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SAWEA, Germany's BWE partner to stimulate wind energy investment
Published: 06 Jun 24
Industry organisation the South African Wind Energy Association (SAWEA) and the German Wind Energy Association (Bundesverband Windenergie or BWE) signed a memorandum of understanding on June 6 with the mutual goal of promoting wind energy and advancing renewable energy solutions globally. The South African and German markets are expected to attract investment and facilitate knowledge exchange, with South Africa learning from Germany’s extensive experience in wind energy technology and infrastructure, SAWEA said in a statement.
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Ausgold fully funded through to FID
Published: 06 Jun 24
Exploration and development company Ausgold has garnered robust investor support for the Katanning Gold Project (KGP), in Western Australia, successfully raising A$38-million in a two-tranche placement.
The fundraising was anchored by international institutional investors, including Jupiter Asset Management and Dundee Corporation.
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Ironveld assessing options amid financing hiccup
Published: 06 Jun 24
London-listed Ironveld, which owns a high-purity iron, vanadium and titanium project on the northern limb of the Bushveld Complex, in Limpopo, South Africa, says it is assessing its options as it may not be able to secure the funding it was previously expecting to close by the first half of this year. The company has been in discussions with a South African financial institution regarding asset level financing of mining and smelting activities at the project.
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Richards Bay Minerals signs agreement for additional 140 MW of renewable energy
 Published: 06 Jun 24
A second renewable-energy project has been announced for heavy mineral sands extraction and refining company Richards Bay Minerals (RBM), which mines in northern KwaZulu-Natal and produces materials used in a wide range of everyday products, from paints to smartphones. In 2022, the Rio Tinto group company signed a renewables agreement with Voltalia for the Bolobedu solar PV plant in Limpopo. which is currently in progress and which is anticipated to meet 17% of RBM’s power consumption by generating up to 300 GWh/y of renewable energy.
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Richards Bay Minerals
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NUM concludes five-year wage agreement with South32's Hotazel Manganese Mines
Published: 06 Jun 24
The National Union of Mineworkers (NUM) Kimberley Region has concluded and signed a five-year wage agreement on behalf of its members at globally diversified mining and metals company South 32’s Hotazel Manganese Mines, in the Northern Cape. The union says the parties agreed to the harmonisation of B-Lower level employees, effective from June 1.
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European countries urged to continue investing in mining
Published: 06 Jun 24
Europe is at risk of losing important sources of raw materials, because it is phasing out mining rather than investing in more mines, Federation of German Industries executive board member Wolfgang Niedermark told delegates at the MiningForum, in Berlin, Germany, on June 6. He stated that there was growing demand globally for raw materials such as lithium, nickel and cobalt, as well as structural supply deficits for most of the critical metals needed by the world for the green energy transition.
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Boeing’s Starliner spacecraft finally launches on its first crewed test flight
Published: 06 Jun 24
Boeing’s CST-100 Starliner space capsule successfully lifted off on its first crewed test flight at 16h52 South African time on Wednesday, and is now safely in orbit, the US National Aeronautics and Space Administration (Nasa) has confirmed. It is scheduled to dock with the International Space Station (ISS) at 18h15, South African time, on Thursday. It will remain docked with the ISS until at least June 14. The Starliner has been developed under Nasa’s Commercial Crew Programme (CCP), and the test flight is being executed by two Nasa astronauts. They are Barry “Butch” Wilmore and Sunita “Suni” Williams. Both are veteran astronauts, both having flown two previous space missions. Both are pilots, and both are also engineers. Wilmore had previously accumulated 178 days in space, while Williams’ total was 322 days. On this test flight, Wilmore is the mission commander and Williams is the pilot.
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Published: 07 Jun 24
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CSIR conducting strategic environmental assessment for proposed Boegoebaai port, SEZ
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