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City of Cape Town hits apartment building developer with R1m fine
Published: 11 Jun 24
Cape Town Mayor Geordin Hill-Lewis has upheld a decision by the city’s Municipal Planning Tribunal to impose a record R1-million penalty for unauthorised building work. The penalty relates to a developer, named as Steven Kampies, constructing a 22-unit apartment building where only a single dwelling is permitted.
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Explosion at Quantum Foods feed mill kills one, injures two
Published: 11 Jun 24
An explosion at Quantum Food’s Malmesbury feed mill on June 10 resulted in the injury of three individuals, one of whom subsequently succumbed to his or her injuries. The two other injured individuals sustained serious injuries and are receiving treatment but are in a stable condition, the company reported on June 11.
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Indonesia considers terminating permits for some nickel pig iron production
Published: 11 Jun 24
The Indonesian government is conducting a comprehensive evaluation regarding the termination of permits for the RKEF smelters which make products in the form of ferronickel and nickel pig iron, a mining ministry official said on Tuesday.
The world's biggest nickel producer is experiencing a rapid depletion of ore after a surge in downstream investment, prompting the government to seek ways to reserve stocks for higher value added products such as the nickel chemicals used in making batteries for electric vehicles.
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Southern Palladium appoints new nonexecutive director
Published: 11 Jun 24
Dual-listed Southern Palladium has announced the appointment of Advocate Lindi Nkosi-Thomas as a nonexecutive director, effective from June 10. Nkosi-Thomas, a practising lawyer and senior counsel, is a member of the Johannesburg Bar, having been called to the Bar in November 1994. She was conferred the status of silk by then-President Jacob Zuma in 2009.
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South Africa’s climate focus needs to shift from setting targets to tangible results – Moosa
Published: 11 Jun 24
South Africa is now entering a new and more demanding phase of climate action, Presidential Climate Commission (PCC) deputy chairperson Valli Moosa asserts, stressing that the focus is not only on setting targets but on delivering tangible results. His statement follows the publication of the inaugural ‘South African State of Climate Action Report’, which finds that South Africa commitments to tackling climate change and facilitating a just transition are being hindered by incoherent policies, weak governance structures, and inconsistent actions by government and other stakeholders.
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Solar PV panels rolled out at 150 Engen fuel stations in Southern Africa
Published: 11 Jun 24
Solar power provider SolarSaver, which serves as fuel retailer Engen's official solar provider, has installed solar PV systems at 150 Engen Petroleum fuel stations across Botswana, Namibia and South Africa. The installations, with a combined capacity of nearly 6.59 MW, will produce 12.2-million kilowatt-hours of electricity during the first year of operation.
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Sacci records dip in BCI over April, May as elections unfolded
Published: 11 Jun 24
The South African Chamber of Commerce and Industry (Sacci) says the lead up to the national and provincial elections on May 29 had a notable effect on business confidence during April and May, with the Business Confidence Index (BCI) having dropped by 5.8 points in April to 108.9 and further to 107.8 in May.
The recovery of the 6.9-point decrease over the two months will largely depend on the formation of a new government.
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Blue Sky sets Ivana uranium deposit on production path with COAM transaction
Published: 11 Jun 24
Uranium exploration and development company Blue Sky has announced a transaction that could set the path to bring the Ivana uranium deposit, in Argentina, into production.
Blue Sky has entered a binding term sheet with Argentinian firm Corredor Americano (COAM) to complete an option agreement in respect to the Ivana deposit.
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Canadian govt invests C$10m in Ontario critical mineral projects
Published: 11 Jun 24
Energy and Natural Resources Minister Jonathan Wilkinson on Monday announced two investments of C$5-million each to support the critical minerals sector in Canada, specifically in northern Ontario.
The funding recipients are the Mining Innovation Rehabilitation and Applied Research Corporation (MIRARCO) and Electra Battery Materials (Electra).
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Weak economy weighed on construction in the first quarter – ACI
Published: 11 Jun 24
The Afrimat Construction Index (ACI) declined to a level of 103.7 in the first quarter of this year, down from 117.3 in the fourth quarter of 2023 and 105 in the first quarter of 2023. Economist Dr Roelof Botha, who compiles the ACI on behalf of JSE-listed mid-tier mining and materials company Afrimat, says the country's weak economic growth in the first quarter was evident in the construction sector, with eight of the ten constituent indicators of the ACI having recorded year-on year declines, and the ACI growth rate having slipped below zero.
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