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Bezant marks progress at Namibia project

Published: 13 Jun 24

Aim-listed Bezant Resources has completed the chain of contractor services that will make up the Hope and Gorob mining operation, chairperson Colid Bird outlines in an update on the copper/gold project in Namibia. Letters of preparedness have been received from the main contractors responsible for future mining, processing plant construction and concentrate haulage and letters of intent and offers for financing of an off-grid hybrid renewable power supply for the project.

Pape Fund expands its investment in Entersekt

Published: 13 Jun 24

Private equity fund Pape Fund 3 has expanded its investment in fraud prevention and payment security company Entersekt, buying out financial services firm Nedbank Private Equity’s equity stake. Pape Fund 3 had initially invested in Entersekt International in July 2022.

Tucumã on track for first copper in Q3, says Ero Copper

Published: 13 Jun 24

Toronto and New York-listed Ero Copper has been awarded an operational licence for the Tucumã project, in Brazil, passing the final permitting milestone for commercial operation. With physical completion at about 99%, commissioning well advanced and more than 90% of the operational staff hired and trained, Ero continues to expect its first copper concentrate early in the third quarter of 2024.

Demand for Krugerrands up as consumers diversify

Published: 13 Jun 24

Financial institution First National Bank (FNB) says it has seen strong demand from clients buying Krugerrands on its trading platforms as consumers embrace alternative asset classes to diversify their investment portfolios. Over the past year, FNB assisted with facilitating the delivery of over 2 200 Krugerrands on its trading platforms.

An image showing the Metalloys manganese alloy smelter

South32’s Samancor Manganese to sell Metalloys smelter to South African company

Published: 13 Jun 24

South32 subsidiary Samancor Manganese has entered into a binding agreement for the sale of the Metalloys manganese alloy smelter, in Gauteng, to Khwelamet, an entity jointly owned by Menar and Ntiso Investing Holdings. Completion of the transaction is subject to certain conditions, including competition approval and regulatory approvals, which are expected to occur in the second half of the 2025 financial year, at which time the buyer would assume the assets and liabilities comprising Metalloys.

Image of Water and Sanitation Minister Senzo Mchunu

DWS launches four more catchment management agencies

Published: 13 Jun 24

The Department of Water and Sanitation (DWS) has officially launched four more Catchment Management Agencies (CMAs), adding to the two CMAs that have already been in existence for more than 10 years. These are the Limpopo-Olifants, Vaal-Orange, Pongola-Umzimkulu and the Mzimvubu-Tsitsikamma CMAs, which will be working alongside the already existing Breede-Olifants and Inkomati-Usuthu CMAs.

Zimbabwe’s ferrochrome miners agree to build power plants

Published: 13 Jun 24

Zimbabwe’s ferrochrome miners, the nation’s biggest electricity consumers, have agreed to build their own power plants over the next two years as the government seeks to balance energy demand. Under the agreement, ferrochrome producers will in the meantime pay electricity tariffs that are little more than half the rate charged to other mining companies, according to state power utility Zesa Holdings.

Image of MTN South Africa CEO Charles Molapisi

MTN Business to digitise 257 municipalities through smart electricity and water meter technology

Published: 13 Jun 24

Telecommunications group MTN Business has been awarded a three-year contract to enhance the digitisation – through the implementation of smart electricity and water technology – across South Africa’s 257 municipalities. The RT29 transversal contract, awarded by National Treasury, will see MTN Business, starting from this month, supply, deliver, install, manage and maintain end-to-end smart metering solutions across the country.

VW vehicles on the assembly line in South Africa

Volkswagen says carmakers seek to revive key South African rail line

Published: 13 Jun 24

Volkswagen and other automakers operating in South Africa are in talks with the state logistics company to revive a dilapidated rail line between the country’s commercial hub and a car export terminal 700 miles away. The companies, which include Isuzu Motors Ltd., would like to hire a private operator to run trains on the line between the Gauteng province and the city of Gqeberha, which would transport vehicles in both directions.

New iron-ore exporter for Port of Esperance

Published: 13 Jun 24

The Port of Esperance, in Western Australia, is set to increase its iron-ore trade by 1.5-million tonnes a year, following a new agreement announced by Ports Minister David Michael. Gold Valley Iron Ore has secured access to essential iron-ore infrastructure at the port, marking the first time a second customer has been granted such access.