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The above image depicts workers setting up the Wärtsilä power plant

Firm to operate power plant for Nigerian cement facility

Published: 07 Jun 24

Innovative technology provider Wärtsilä has signed a ten-year operations and maintenance (O&M) agreement for a captive power plant to provide energy for a Nigerian cement production facility. The new cement plant is owned by components manufacturer and metal fabrication company Mangal Industries and will be located in Kogi state, Nigeria. The order was booked by Wärtsilä in the second quarter of 2024.

The above image depicts WCA director Emir Adiguzel

Challenges, opportunities abound for industry

Published: 07 Jun 24

In an address at the World Cement Association (WCA) yearly conference, WCA director Emir Adiguzel outlined the significant challenges and transformative opportunities facing the global cement industry. The conference – held in Nanjing, China on May 20, 2024 – brought together industry leaders, innovators and stakeholders to discuss the future of cement production and sustainability.

Steady increase in demand for Cape Town’s MyCiTi bus service

Published: 07 Jun 24

The latest audited statistics on MyCiTi ridership in and around Cape Town show that there is increasing demand for the bus service. “It took some time for the service to settle in again after the Covid-19 pandemic, and for operations to return to normal,” says City of Cape Town Urban Mobility MMC Rob Quintas.

Image of Zavalievsky mine graphite samples

Zavalievsky graphite mine, Ukraine

Published: 07 Jun 24

A graphite mine adjacent to the town of Zavallya, in Ukraine.

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.

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.

Member of the European Parliament Hildegard Bentele

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.

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.

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.

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.