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PIC lifts stake in Raubex above 25%
Published: 10 Jun 24
Infrastructure development and construction materials supply group Raubex Group has informed shareholders that the State-owned Public Investment Corporation (PIC) has acquired a beneficial interest in the shares of the company. This has resulted in the PIC now holding 25.33% of Raubex's total issued ordinary shares.
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Canadian miner one step closer to commercialise high-purity, EV-compliant manganese
Published: 10 Jun 24
TSX-V-listed Manganese X Energy’s high-purity manganese (HPMSM) sample has met US battery manufacturer C4V’s Phase 1 commercial level qualification compliance standards for the electric vehicle (EV) battery cathode and is moving to the next round of testing.
"Achieving this milestone brings us one step closer to becoming the first publicly traded mining company in Canada and the US to commercialise high-purity, EV-compliant manganese,” said Manganese X CEO Martin Kepman.
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Reform momentum must be sustained ‘regardless of the form or composition’ of new government
Published: 10 Jun 24
President Cyril Ramaphosa has underlined the importance of the new government – which is yet to be formed after no single party secured an outright majority in the recent elections – continuing with the economic reforms under way in the electricity, logistics, water and telecommunications sectors. Writing in his weekly newsletter days after the national executive committee of the African National Congress (ANC) agreed that it should initiate talks with other parties on the formation of a possible government of national unity (GNU), Ramaphosa insisted that there was “broad support for the continuation of economic reforms” that have been spearheaded under Operation Vulindlela.
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Minerals Council calls for collaborative relationship among govt, labour, civil society and the private sector
Published: 10 Jun 24
As political parties discuss the way forward in establishing a government of national unity, the Minerals Council South Africa says it and its members are advocating for a constructive, collaborative and trusting relationship among government, labour, civil society and the private sector to continue dealing with the many challenges facing the country. The council notes that government and business groups, including the Minerals Council, have been collaborating for a year on efforts to deal with the energy, rail, road, port and crime and corruption crises facing the country, stating that this partnership between government and business was making a positive difference.
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Gautrain marks 14 years of operations
Published: 10 Jun 24
Rapid rail network Gautrain on June 8 celebrated its fourteenth year of operation, having, thus far, completed about 192.8-million passenger trips. “The idea of a high-speed rail network with an 80 km route between the North, South and East of the Gauteng province, sounded like a pipe dream to many when the Gauteng Provincial Government announced it. Fourteen years later, 1 500 staff are employed across operations and administration of the Gautrain project and we have managed to maintain an average of more than 90% availability and punctuality across all Gautrain services,” says Gautrain Management Agency CEO Tshepo Kgobe.
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Petra, NUM sign five-year wage deal
Published: 10 Jun 24
Diamond miner Petra Diamonds and labour union the National Union of Mineworkers (NUM) have signed a five-year wage agreement covering Petra's South African operations for the period July 1, this year, to June 30, 2029. Employees in the A and B Paterson bands will receive a wage increase of 6.25% or Consumer Price Index (CPI), depending on which one is higher, for year one of the agreement.
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Zambia sees KoBold spending $2.3bn on giant copper mine
Published: 10 Jun 24
KoBold Metals, the Bill Gates-backed mining exploration company, could spend $2.3-billion to build a major new copper mine in Zambia, President Hakainde Hichilema said, citing figures from the company. The firm aims to produce more than 300 000 metric tons per year at Mingomba — making it the country’s biggest such operation — and will begin sinking the mining shaft in the first half of 2026, according to company officials. Their meeting with Hichilema on Friday was broadcast over state television.
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Barrick and Zijin contribute $1m to PNG landslide relief efforts
Published: 10 Jun 24
Mining companies Barrick Gold and Zijin Mining – joint venture partners in the Porgera mine – have jointly contributed $1-million to help communities in Papua New Guinea’s Enga province in the wake of a landslide in Mulitaka that has claimed an estimated 600 lives.
A team of senior Barrick executives has spent last week in the country visiting the disaster site and working with the provincial and national governments, as well as officials from the United Nations, the Asian Development Bank, Australia, New Zealand and the US to coordinate relief and recovery activities.
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Colombia halts coal exports to Israel over Gaza war
Published: 10 Jun 24
Colombia's President Gustavo Petro on Saturday said the country, which is reported to be Israel's biggest supplier of coal, will suspend exports of the fuel source to Israel over its assault on the Gaza Strip.
Petro, a leftist, cut diplomatic ties with Israel in May and has strongly criticized Israeli Prime Minister Benjamin Netanyahu. In a post on social media platform X, he said coal exports would be halted "until the genocide is stopped", referring to Palestinian deaths in the conflict.
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Tribunal confirms settlement agreement in plant and equipment hire cartel case
Published: 12 Jun 24
The Competition Tribunal has confirmed, as an order, a R480 000 administrative penalty imposed on plant and equipment hire company Hard Hat...
