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Harmony employee dies in blasting incident at its Phakisa mine
Published: 22 May 24
An employee was killed in a blasting incident at Harmony Gold Mining's Phakisa mine on Tuesday afternoon. All blasting operations have been temporarily suspended. The relevant authorities have been informed and the Department of Mineral Resources and Energy, labour representatives and mine management will investigate the cause of the incident.  
From left, Kudakwashe Maramba, George Roach, Ntsiki Adonisi, Louis Nel, Jaco Prinsloo, Bernard Swanepoel. Huge manganese value-add opportunity reiterated at Junior Indaba
Published: 22 May 24
The huge opportunity that South Africa has to add value to its rich endowment of manganese through local processing was reiterated during the second day of Wednesday’s Junior Indaba. “Specific to manganese, we’re certainly very bullish,” Manganese Metal Co (MMC) CEO Louis Nel said in response to questioning by Fluor sales director Kudakwashe Maramba during a panel discussion.
Eskom’s has applied for permission to reserve scarce grid capacity for IPPs participating in public procurement bidding rounds Presidency insists 22.5 GW private IPP pipeline won’t be disrupted by Eskom move to reserve grid for public projects Has PDF
Published: 22 May 24
The Presidency does not anticipate that Eskom’s move to reserve scarce grid capacity for independent power producers (IPPs) participating in public procurement bidding rounds will disrupt the more than 130 private IPP projects being advanced outside of those processes to supply private consumers. Speaking during a briefing convened to report back on the reforms implemented under Operation Vulindlela, including those undertaken to address South Africa’s loadshedding crisis, the Presidency’s project management unit head Rudi Dicks lauded the progress being made through the Energy One Stop Shop to support the private projects stimulated by the reform to allow grid-connected private projects of any size to proceed without a licence.
Anglo American chairperson Stuart Chambers Anglo shoots down BHP’s third attempt, agrees to one-week extension
Published: 22 May 24
The world’s top diversified miner BHP has made a third unsolicited conditional takeover proposal for smaller rival Anglo American on Wednesday, only hours before its initial deadline for a firm intention to make an offer expired. The board of London-listed Anglo American rejected the latest proposal of £29.34 a share, but agreed to a one-week extension to the 'put up, or shut up (PUSU)' deadline under UK Takeover rules.
JSE primary markets business development manager Patrycja Kula-Verster More funding mechanisms needed to support juniors in early stage exploration, panel says
Published: 22 May 24
South Africa needs more funding mechanisms to support junior mining at an early stage of exploration, Bedrock Capital CEO Messu Mwaniki said on May 21 at the Junior Indaba in Johannesburg. “I think by now we should have much more junior mining funds available, which can be seen to come on board, from a private equity perspective. As a junior miner, at best, your mindset should be on private equity,” he said.
Fortescue excluded from world’s biggest hydropower plant development
Published: 22 May 24
A company owned by Australian mining billionaire Andrew Forrest will no longer develop the world’s biggest hydropower project in Democratic Republic of Congo, according to President Felix Tshisekedi’s office, which has replaced the firm with a Nigerian oil producer. Natural Oilfield Services signed a preliminary deal with Congo on May 9 to build a smaller version of Fortescue's proposed Grand Inga project, which would have generated around 40 GW of hydropower.
Calib Cassim and Eskom CEO Dan Marokane As municipal debt programme falters, Eskom CFO calls for mechanism to ensure the utility gets paid
Published: 22 May 24
Municipal debt remains one of Eskom’s biggest challenges, says Eskom CFO Calib Cassim. “At the end of March, we were sitting at around R75-billion of municipal arrears owing to us. That has grown in the last financial year in the region of R15-billion.
UN agency has launched a report on green business and financing in Africa
Published: 22 May 24
Africa has major opportunities for green economic development and could become a world-leader in it, UN Development Programme (UNDP) Regional Service Centre for Africa director Dr Matthias Naab highlighted at the Enlit Africa 2024 conference, in Cape Town, on Wednesday. He was launching the UNDP’s 'Africa Green Business and Financing' report, at the International Convention Centre. Africa contained 30 of the world’s 40 most climate-vulnerable countries, he pointed out. And global climate programmes were falling short of their targets.
Top Anglo investor says BHP bid requires 'meaningful revision' Top Anglo investor says BHP bid requires 'meaningful revision'
Published: 22 May 24
South African state-owned asset manager the Public Investment Corporation (PIC) said on Wednesday that it would require a "meaningful revision" of BHP Group's bid for rival miner Anglo American. Anglo rebuffed BHP's initial $39-billion all-share proposal made on April 25, dismissing it as opportunistic. It subsequently rejected a revised offer of $43-billion saying the world's largest listed miner "continues to significantly undervalue" the company and that its difficult to execute.
South African member committee of World Energy Council launched
Published: 22 May 24
A South African member committee of the World Energy Council (WEC) has been launched under the aegis of the Energy Council of South Africa. The member committee is made up of ten high-level energy practitioners drawn from the public and private sectors, namely:
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