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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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B2Gold sells royalties to Versamet
Published: 06 Jun 24
Canada-based B2Gold on Thursday announced the sale of a portfolio of ten precious and base metals royalties to Sandbox Royalties, a private, returns-focused metals royalty company that has been renamed Versamet Royalties.
The move, valued at about $90-million, is an opportunity for B2Gold to unlock the value of its royalties, which CEO Clive Johnson said had gone largely unrecognised by the market.
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Eskom ‘decouples’ renewables roll-out from coal station closure plan
Published: 06 Jun 24
Eskom CEO Dan Marokane reports that a decision has been made to “decouple” the closure of its coal stations from the building, in partnership, of new renewable energy generation capacity linked to its goal of being a net-zero emitter by 2050 and the just energy transition strategy. In an address to members of the South African National Energy Association, Marokane also revealed that a board decision had been made for Eskom to participate directly in renewables projects on land adjacent to its existing power stations rather than releasing those grid-ready sites to private generators.
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Marokane says R285m spent on diesel in May compared with R2.8bn in May 2023
Published: 06 Jun 24
Eskom CEO Dan Marokane has rebuffed persistent suggestions that the utility is keeping loadshedding at bay owing to an “excessive” reliance on the diesel-fuelled open cycle gas turbines, reporting that it spent R285-million on diesel during May compared with R2.8-billion in the same month last year and against a budget for the month of R1.7-billion. Addressing the South African National Energy Association AGM against a backdrop of deep suspicion about how Eskom has managed to avoid resorting to rotational power cuts for 71 days, including over a highly competitive election period, Marokane attributed the stabilisation to the Generation Recovery Plan, which had been under way since March 2023.
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Firetail’s stock catches alight with Canada copper acquisition
Published: 06 Jun 24
The share price of Australia-listed Firetail Resources skyrocketed 150% on Thursday, as the company unveiled a copper acquisition in Newfoundland, Canada.
Firetail announced it had executed an option agreement for the acquisition of up to 80% of the York Harbour project through a staged earn-in.
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South Africa’s telecoms companies face significant consumer sentiment challenges
Published: 06 Jun 24
The latest South African Telecommunications Sentiment Index, undertaken by PwC South Africa in collaboration with DataEQ, has revealed that the local telecommunications industry continues to face significant challenges related to consumer sentiment. An assessment of 1.62-million public mentions about Cell C, MTN, rain, Telkom and Vodacom from January 1 to December 31, 2023, found that, with a negative Net Sentiment score of -18.8%, local consumer sentiment toward telecommunications service providers lag other industries such as banking, insurance and retail.
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Transmission expansion and energy storage project, Namibia
Published: 07 Jun 24
Ugitech plant green hydrogen project, Switzerland
Published: 07 Jun 24
Cruachan pumped storage power plant modernisation, UK
Published: 07 Jun 24
Rothschild & Co has formally started to assess candidates to partner with Chile's state-run miner Codelco on a major new lithium project slated to...
Hudbay and unions sign agreement for Copper World mine project
Published: 07 Jun 24
TSX- and NYSE-listed Hudbay Minerals, in collaboration with several labour unions, has announced the signing of a letter of intent to enter into a...
