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Galileo starts drilling on Luansobe copper project
Published: 04 Aug 22
London-listed Galileo Resources has started a 3 000 m core drilling programme on the Luansobe copper project, in Zambia. The programme has been designed to infill gaps in historic drilling and twin selected holes, with a particular focus on shallow up-dip projections of the deposit.
Largo Clean Energy mulls JV with Ansaldo
Published: 04 Aug 22
Canada-headquartered vanadium supplier Largo subsidiary Largo Clean Energy has signed a memorandum of understanding (MoU) with renewable energy company Ansaldo Green Tech (AGT) to assess opportunities for working together on manufacturing and deploying vanadium redox flow batteries (VRFBs). The companies may form a joint venture (JV) to commercially deploy Largo’s “VCHARGE” VRFBs in the European, African and Middle Eastern power generation markets.
Power Metal announces next phase of exploration at Botswana project
Published: 04 Aug 22
London-listed exploration company Power Metal Resources has started the next phase of exploration on its Molopo Farms Complex (MFC) project in southwestern Botswana. The company said on August 4 that it had mobilised spectral geophysics to the MFC project, which is targeting a large-scale nickel, copper and platinum group element discovery, to conduct two electromagnetic geophysics surveys to facilitate the precision targeting of planned diamond drill holes for an upcoming drill programme.
Platinum-based fuel cells key for heavy-haul industry – WPIC
Published: 04 Aug 22
The World Platinum Investment Council (WPIC) reports that interest in using hydrogen fuel cells in the heavy-haul industry is growing rapidly, with several interesting developments currently under way. Platinum-based, proton exchange membrane (PEM) hydrogen fuel cells provide zero emissions electric-driven mobility in fuel cell electric vehicles (FCEVs).
Glencore CEO Gary Nagle High-flying Glencore locks in renewable power, prioritises future-facing metals Has Video
Published: 04 Aug 22
Diversified mining and marketing company Glencore, which delivered exceptionally strong financial results in the six months to June30, is taking steps to progress its decarbonisation pathway, CEO Gary Nagle said on Thursday. The steps include locking in a number of renewable purchase power agreements to reduce the Scope 1 and 2 emissions in its business and managing down its Scope 3 emissions largely through the rundown of its coal business. (Also watch attached Creamer Media video.)
Higher output, prices lift Gold Fields’ interim earnings
Published: 04 Aug 22
JSE- and NYSE-listed Gold Fields expects its headline earnings a share for the first half of the year to be between 24% and 33% higher year-on-year, at between $0.56 and $0.60 as a result of higher production and gold prices, partially offset by higher costs. 
Basic earnings a share for the period are expected to increase by between 25% to 34% year-on-year, to between $0.55 to $0.59, while normalised earnings a share are expected to be between 10% and 18% higher year-on-year, at between $0.54 and $0.58 apiece.
Israeli water experts in SA to assist local governments to avoid water crisis
Published: 04 Aug 22
As several of South Africa's municipalities are facing a water crisis and heading towards Day Zero, Israeli water experts are set to consult local government municipalities on crucial issues affecting water infrastructure and how Israeli technology can help. The Jewish National Fund of South Africa- (JNF-SA-) funded delegation offers an important opportunity for South Africa and Israel to work together to help solve water issues in cities and rural areas.
Rolls-Royce reports recovery progressed 'well' during the first half of the year
Published: 04 Aug 22
UK-based global major power and propulsion systems group Rolls-Royce released, on Thursday, its results for the first half of this year (1H22). It recorded statutory revenues of £5.6-billion during the period, up from the £5.159-billion accrued during the same period last year (1H21). Statutory gross profit was £1.062-billion (up from £0.814-billion in 1H21) while statutory operating profit in 1H22 was £0.223-billion, a significant improvement over the £0.038-billion achieved in 1H21. The ...
Image of a row of cars 22 online car searches every second; used car prices up 9% – AutoTrader 
Published: 04 Aug 22
At least 22 online car searches are conducted in South Africa every second, borne out by the more than 349-million online car searches made on South Africa’s largest motoring marketplace, AutoTrader, in the first half of 2022. The newly released 2022 AutoTrader Mid-Year Industry Report also shows a strong shift in car shopper preferences, among these a rising interest in electric vehicles (EVs). 
Image of a Suzuki Swift Suzuki yet again hits new all-time record
Published: 04 Aug 22
Suzuki Auto South Africa (Suzuki SA) is moving ever closer to the magical 5 000-unit-a-month new-vehicle sales figure, with the Japanese budget vehicle specialist selling 4 734 vehicles in July. This is a new all-time sales record for the brand, entrenching it firmly in third position on the domestic market’s new-vehicle sales podium, behind Toyota and Volkswagen. 
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