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CER lauds enactment of Climate Change Bill, says related policies should also be collaborative
Published: 30 Apr 24
With the National Council of Provinces having passed the Climate Change Bill and it nearing official promulgation, nonprofit organisation the Centre for Environmental Rights (CER) has stressed the need for constructive stakeholder consultation on the development of various policies and laws that will flow from the Bill.
CER says the enactment of the Climate Change Bill has been long-awaited and sets the stage for comprehensive adaptation, mitigation and institutional arrangements.
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Anglo American takeover price needs to surpass £30 a share, survey shows
Published: 30 Apr 24
A takeover of Anglo American would need to be pitched at more than £30 ($37.6) a share, a higher price than BHP Group offered last week, according to analysts and traders surveyed by Bloomberg. Anglo American shares are trading above the value of BHP’s rebuffed $39-billion takeover proposal, a sign traders are also expecting a higher bid. The premium has increased since Bloomberg News reported over the weekend that BHP is considering making an improved proposal.
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Central banks, record first-quarter over-the-counter purchases support gold demand
Published: 30 Apr 24
Continued exchange-traded fund (ETF) outflows drove gold demand, excluding over-the-counter (OTC) purchases, down by 5% year-on-year in the first quarter of this year to 1 102 t.
However, including sizeable OTC purchases by investors, total gold demand increased by 3% year-on-year to 1 238 t, which the World Gold Council (WGC) says is the strongest first quarter for gold demand since 2016.
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Mosaic sells stake in Saudi JV for $1.5bn
Published: 30 Apr 24
US-based fertiliser company Mosaic on Tuesday announced the sale of its stake in a phosphate production venture to Saudi Arabia’s Ma’aden.
Mosaic will receive 111.01-million shares of the Saudi Arabian mining company, valued at about $1.5-billion, for its 25% stake in the Ma’aden Wa’ad Al Shamal Phosphate Company (MWSPC).
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Resolute reports 'promising' start to 2024, despite lower first-quarter output
Published: 30 Apr 24
ASX- and LSE-listed Resolute Mining poured 76 351 oz of gold in the first quarter of this year, compared with the 80 037 oz poured in the fourth quarter of 2023. Despite the lower production, CEO and MD Terry Holohan says it has been a "promising" start to the year for the gold producer, with all operations performing in line with expectations.
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International maritime security conference being held in Ghana
Published: 30 Apr 24
Ghanaian President Nana Akufo-Addo will be the guest of honour at the second meeting of the African Maritime Forces Summit (AMFS), being held in Accra, Ghana, from Tuesday to Thursday inclusive. This edition of the AMFS is being co-hosted by the Ghana Navy, US Naval Forces Africa and US Marine Corps Forces Africa, and is being attended by government leaders and military chiefs from more than 40 countries. Further, the previously separate Naval Infantry Leaders Symposium-Africa (NILS-A) has been incorporated into this AMFS, making them a single event. This is the third meeting of NILS-A. (Very few African navies have dedicated corps of marines, but many have light infantry-style units, if only for base security/force protection tasks. A number of African navies, including Ghana’s, do have their own special forces units.)
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SA can climb towards 4% growth in coming years, if constraints are addressed
Published: 30 Apr 24
Mapungubwe Institute for Strategic Reflection executive director Joel Netshitenzhe delivered the keynote address at the Black Business Summit on Monday, where he was optimistic of South Africa moving towards 4% in economic growth in the next two or three years, provided constraints are dealt with. His address reflected on the country’s political economy 30 years into democracy and asked “Where is South Africa headed in the next 30 years?” He noted various ongoing strategies that could ensure positive prospects for the country going forward. “These are elaborated in the Economic Reconstruction and Recovery Plan: the infrastructure programme; Master Plans for sectors with potential; a strategic African pivot in economic relations; and focussed attention to absorption of the unskilled and semiskilled through speedier land reform, low-end manufacturing and support for micro and informal enterprises,” he stated. However, he noted that it would take some time before these strategies had a significant impact. “…but the economy can climb towards 4% growth in the coming two to three years, if we are able to address the binding constraints,” he added.
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NBI launches pragmatic Just Energy Transition Skilling for Employment Programme
Published: 30 Apr 24
With skills having been identified as a key cross-cutting requirement for the Just Energy Transition Implementation Plan (JET-IP), the National Business Initiative (NBI), together with the Presidency’s JET project management unit (JET PMU) and Boston Consulting Group, have launched the JET Skilling for Employment Programme (JET SEP). South Africa has an opportunity to unlock 20% more of its current gross domestic product through green initiatives, which will need between 150 000 and 200 000 direct jobs by 2025, and between 350 000 and 400 000 jobs by 2050, related to solar photovoltaic, wind and battery storage technology installations, NBI CEO and JET SEP steering committee member Shameela Soobramoney pointed out during an April 29 briefing.
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Sandfire driving forward Black Butte
Published: 30 Apr 24
Australia-headquartered miner Sandfire Resources is continuing to support the Sandfire Americas team to progress the Black Butte project, in Montana, CEO Brendan Harris said on Tuesday. Sandfire holds its interest in Black Butte through an 87% equity stake in TSX-V-listed Sandfire Resources America.
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MC Mining's Uitkomst Colliery increases quarterly output following turnaround plan
Published: 30 Apr 24
Run-of-mine (RoM) coal production at MC Mining's Uitkomst steelmaking and thermal coal mine, in South Africa, increased by 14% year-on-year to 115 909 t for the quarter ended March 31 – the third quarter of its 2024 financial year. ASX-, Aim- and JSE-listed MC Mining, which is being bought out by Goldway Capital Investment, reports that the mine sold 75 590 t of high-grade coal during the quarter.
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Gonfreville-l’Orcher hydrogen production plant, France
Published: 26 Apr 24
Khavda Renewable Energy Park, India
Published: 26 Apr 24
Grand Ethiopian Renaissance Dam, Ethiopia – update
Published: 26 Apr 24
A panel of experts recently underscored the critical importance of climate change governance for businesses and governments worldwide in a webinar...
Yearly Air Force show promises 'mini-war', aircraft displays
Published: 30 Apr 24
The South African Air Force (SAAF) Museum Annual Airshow will be held on May 4 at the Air Force Mobile Deployment Wing (AF MDW) alongside Old...
Decarbonisation investment while paying carbon tax is impossible, says AMSA's Verster
Published: 30 Apr 24
Paying billions of rands in carbon tax while simultaneously investing in decarbonisation efforts is impossible, steel maker ArcelorMittal South...
