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Anglo American's head office in South Africa

BHP, Anglo dig in even as takeover talks deadline nears, sources say

Published: 28 May 24

BHP was struggling to find common ground with Anglo American on Tuesday in talks over its takeover offer, with no new concessions as a deadline nears for the world's biggest miner to submit a binding offer, five sources said. Anglo granted its bigger rival a one-week extension until 1600 GMT on Wednesday to its original May 22 deadline to submit a binding offer, after rejecting a third takeover proposal that had been dismissed as difficult to execute. It agreed to hold talks with BHP to iron out contentious issues over the structure of the deal.

Rand strengthens on eve of national election

Published: 28 May 24

The South African rand strengthened a day before a national election on Wednesday which could see the ruling party lose its majority for the first time in 30 years. At 1605 GMT, the rand traded at 18.2775 against the dollar, around 0.6% stronger than its previous close.

Nature-based solutions could accelerate development, social equity – ECA

Published: 28 May 24

Nature-based solutions present a unique way for Africa to accelerate the implementation of the Sustainable Development Goals and Agenda 2063, while contributing to the conservation of the continent's rich biodiversity, promoting ecological connectivity and enhancing climate resilience, said Economic Commission for Africa (ECA) deputy executive secretary Antonio Pedro at the African Natural Capital Alliance (ANCA) Annual Summit held in Nairobi, Kenya, on May 28. “With careful design of its development pathway, Africa can harness the value of its natural resources through responsible management practices that recognise planetary boundaries and balance economic growth with environmental conservation and social equity, beyond growth domestic product metrics,” he commented.

Global aviation IT specialist enters the maritime sector

Published: 28 May 24

Global air transport IT solutions group SITA announced on Tuesday that it was expanding into the maritime sector, with the launch of its new subsidiary company, SmartSea. It also announced that SmartSea had entered its first agreement, with Cyprus-based global major ship management and maritime services company Columbia Shipmanagement (CSM). “SITA is taking a bold step into the maritime sector, where our longstanding leadership in aviation can serve to overcome economic and capacity challenges, ...

Bird flu vaccines for laying hens prove effective in practice

Published: 28 May 24

Bird flu vaccines for laying hens are effective in practice, the Dutch government said on Tuesday, while confirming plans to vaccinate poultry against the virus that ravaged flocks around the world and is raising fears about human transmission. Highly pathogenic avian influenza, commonly called bird flu, has killed or caused the culling of hundreds of millions of poultry globally in recent years, most of them laying hens, which sent egg prices rocketing.

Johannesburg one of 3 cities to benefit from Suncasa project tackling climate threats

Published: 28 May 24

The Scaling Urban Nature-Based Solutions for Climate Adaptation in Sub-Saharan Africa (Suncasa), a new three-year project, will undertake watershed restoration and adaptation actions in Dire Dawa, Ethiopia; Kigali, Rwanda; and Johannesburg, South Africa. It is expected to reduce climate-fuelled flood risks and enhance the resilience of people in these three sub-Saharan African cities, while promoting gender equality and social inclusion and strengthening biodiversity protection.

Marula reports high-grade manganese assays from testwork with potential offtaker

Published: 28 May 24

UK- and South Africa-listed battery metals miner Marula Mining has reported average grades of 35.73% from manganese samples taken from the Larisoro manganese mine, in Kenya. The company garnered 18 samples from stockpiled material which will soon be railed to the port of Mombasa for export.

Globe says Kanyika capital funding requirements finalised at $46m

Published: 28 May 24

Australia-listed Globe Metals and Mining has reported that capital funding requirements for Phase 1 project development at its Kanyika Niobium project, in Malawi, have been finalised at an estimated $46-million, inclusive of a 25% project contingency allocation. The company says the Phase 1 project development plan is confirmed with a clear path to project construction.

Dr Vincent Maphai (left) and Neal Froneman.

Measures to address loss-making assets expected to secure R6.6bn, Sibanye AGM hears

Published: 28 May 24

The measures that green metals and gold mining company Sibanye- Stillwater has taken to address loss-making assets are expected to secure yearly savings and capital expenditure deferrals of R6.6-billion, chairperson Dr Vincent Maphai told the online AGM of the platinum group metals major on Tuesday. The focus of the Johannesburg- and New York-listed Sibanye-Stillwater is on strategic essentials, which Maphai highlighted as being a reduction of operating and capital costs as well as the improvement of efficiencies.

Nedbank, Transnet mediation over swaps terminated

Published: 28 May 24

Mediation between financial services group Nedbank and State-owned Transnet, in respect of interest rate swap transactions (swaps) between the parties that took place in December 2015 and March 2016, and which have been widely reported in the media for many years, has ended after it became apparent that there is no likelihood of resolving the matter amicably despite extensive engagements, Nedbank informs in a statement. Nedbank says it participated in the mediation process, which was a confidential, facilitated negotiation, in an attempt to resolve the dispute between the parties amicably and to avoid potentially drawn-out and costly litigation, for both parties, over transactions which Transnet regards as tainted by corruption.