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An image of BMW Group executives, including BMW Group CEO Peter van Binsbergen, at the BMW Group Plant Rosslyn Training Academy onboarding event

Youth empowered through manufacturer’s YES commitment

Published: 14 Jun 24

Automotive manufacturer BMW Group South Africa onboarded its 2024 cohort at BMW Group Plant Rosslyn Training Academy on May 7, marking its ongoing commitment to the Youth Employment Service (YES) Programme, an initiative aimed at addressing youth unemployment. During the event, BMW Group South Africa CEO Peter van Binsbergen expressed his pride in the YES Programme students, as they showed that young people “hold the key to great innovation”.

Eloise mine, Australia

Published: 14 Jun 24

A copper/gold/silver mine in North Queensland, Australia.

Mining production rose by a modest 0.7% y/y in April

Published: 13 Jun 24

Mining production rose by a modest 0.7% in April, after declining by -4.8% year-on-year – revised from -5.8% year-on-year – in March, data published by Statistics South Africa (Stats SA) shows. Commenting on the statistics, Investec economist Lara Hodes says output was weaker than consensus expectations of a 1.1% year-on-year increase in production.

South Africa preparing to pilot independent transmission projects to bolster grid’s renewables capacity

Published: 13 Jun 24

The National Treasury has confirmed that South Africa is moving to pilot a model that will enable the private sector to participate directly in the development and operation of transmission grid infrastructure, drawing lessons from the country’s experience in procuring generation capacity from independent power producers (IPPs). Deputy director-general Mmakgoshi Lekhethe reports that the model, which has been mooted by Electricity Minister Kgosientsho Ramokgopa for some time, is receiving priority attention in light of the scale of the investment required to unlock grid capacity for new renewables investment,

An image showing Osino's Twin Hills gold project in Namibia

Sustainability reports highlights Osino’s investment in jobs, Namibia’s economy

Published: 13 Jun 24

TSX-listed Osino Resources’ Twin Hills gold project, located near Karibib in Namibia, is on track to create about 1 000 new jobs in the region, the company’s third annual sustainability report shows. The report summarises the company’s social, environmental and economic performance for the year 2023 and outlines plans for the ongoing integration of sustainability into the design of Twin Hills.

Ramaphosa key to dealing with ‘off-the-charts’ South Africa risk

Published: 13 Jun 24

President Cyril Ramaphosa is key to handling political risk that’s “off the charts” in the nation after a vote last month failed to hand any party a majority, Standard Bank’s chairperson said. The African National Congress (ANC), which has ruled the country since the end of apartheid in 1994, lost its parliamentary majority in May 29 elections, haemorrhaging support to former President Jacob Zuma’s new group. Political parties have less than a day to cobble together a power-sharing agreement before the nation’s parliament convenes Friday.

Copper 360 on home straight to produce quite a bit of cash, CEO reports

Published: 13 Jun 24

Copper mining and marketing company Copper 360 is on the home straight to produce quite a bit of cash by financial year end. That was the main takeaway from Mining Weekly’s post-results Zoom interview with the head of the only pure copper play listed on the Johannesburg Stock Exchange (JSE).

The 1 MW solar PV plant at the GWK maize mill

GWK's Christiana maize mill gets 1 MW solar PV system

Published: 13 Jun 24

Independent power producer Decentral Energy has commissioned a 1 MW solar PV system at food producer GWK's Farm Foods Christiana maize mill. The ground-mounted, grid-tied solar PV system, which was designed and constructed by engineering, procurement and construction contractor Energy Gurus, will significantly reduce GWK Farm Foods Christiana maize mill's reliance on traditional grid power and contribute to the company's sustainability and energy security goals.

NDCs, long-term strategies should include roadmap for fossil fuel producers – IISD

Published: 13 Jun 24

Analysis by policy think tank the International Institute for Sustainable Development (IISD) showed that seven of the 20 largest fossil fuel producing countries make no mention of fossil fuel production in their nationally determined contributions (NDCs) and six others stated an intention to continue or increase production. “In a world that has agreed to transition away from fossil fuels, producers that keep mining and drilling are vulnerable to market shocks. NDCs and long-term strategies can be used to guide an orderly transition and attract investment into alternative growth sectors,” IISD policy adviser Paola Yanguas Parra.

Cape Town releases more land for affordable housing under new housing strategy

Published: 13 Jun 24

With national government slashing Cape Town’s housing grants by R107-million this financial year, the city has been forced to change its housing strategy, says Mayor Geordin Hill-Lewis. Cape Town is now positioning itself as an enabler for much more private sector-led affordable housing delivery, including the release of discounted land for social housing, while also ramping up support for micro-developers in townships.