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Sun Silver gleams on ASX debut with Nevada project
Published: 15 May 24
Nevada-focused Sun Silver on Wednesday listed on the ASX, following an oversubscribed A$13-million initial public offering (IPO). The company’s stock more than doubled on its first day trading on the bourse, closing at A$0.43 a share. “The very high level of investor demand saw us close the IPO three weeks ahead of schedule,” commented Sun Silver executive director Gerard O’Donovan.
President Cyril Ramaphosa signing the controversial NHI Bill into law at a Union Buildings ceremony Ramaphosa acknowledges fear over NHI but describes signing as ‘pivotal moment’
Published: 15 May 24
President Cyril Ramaphosa acknowledged the fear that his signing of the National Health Insurance (NHI) Bill into law had generated in and address during a signing ceremony held at the Union Buildings on Wednesday. However, he described the NHI as an opportunity to break with the prevailing inequality in the health system and called on stakeholders to work with government to make it work.
Seifsa president Elias Monage Seifsa, unions commit to addressing access to housing for sector employees
Published: 15 May 24
The Metal and Engineering Industries Bargaining Council (MEIBC) negotiations have concluded with a 7% wage increase over the next year for entry-level workers in the metals and engineering industry and a 6% wage increase over the next year for skilled workers. Entry-level workers will receive a 6% wage increase during the subsequent two years until June 30, 2027, and skilled workers will receive a 5% increase over the same two-year period. The increases are based on the minimum rates of pay, and not on the actual rates of pay.
An image of Mineral Resources and Energy Minister Gwede Mantashe Mantashe engages with stakeholders over Lily, Barbrook mines’ reopening
Published: 15 May 24
Mineral Resources and Energy Minister Gwede Mantashe on May 15 held a stakeholder engagement session that deliberated on the plans to reopen the Lily and Barbrook gold mines in Mpumalanga. Attended by stakeholders representing Vantage Goldfields, the Lomshiyo Traditional Council, the business rescue practitioner, organised labour and government leaders, the session sought to inculcate cooperation between all stakeholders involved in the efforts to reopen the Lily and Barbrook gold mines, the Department of Mineral Resources and Energy (DMRE) said in a statement.  
Automated mining vehicles Half of mining industry still resisting AI integration
Published: 15 May 24
At least half of heavy machinery users within the global mining industry still rely primarily on manual supply chain management tools, with 40% still using manual tools for operational planning, Wits Mining Institute's Professor Glen Nwaila has said. “So even if the automation is partially achieved, you will find that the plant is heavily automated but, in the mine, only a portion of it is actually automated,” he said, speaking at the Mind Shift conference hosted by Mine Equipment Manufacturers of South Africa, in Sandton, on May 15.
Lotus bolsters its management team
Published: 15 May 24
ASX-listed Lotus Resources has appointed four experienced resource executives to provide the company with additional experience in project development, operations, technical and corporate development, including project financing. Michael da Costa will join Lotus as COO at the end of May.
Persistent corruption concerns reflect letdowns during sixth administration – Corruption Watch
Published: 15 May 24
Nonprofit monitoring organisation Corruption Watch (CW) has confirmed in its latest report that there are significant concerns about the impact of corruption in the country, particularly a marked lack of confidence in the efficacy and ability of law enforcement agencies to tackle corruption. The report, titled ‘The impact of corruption: insights from a perceptions and experiences survey’ has been informed by interviews with more than 1 500 respondents over a two-month period across all provinces.
Tribunal orders Emfuleni municipality to provide documents to Cape Gate in excessive pricing matter Has PDF
Published: 15 May 24
The Competition Tribunal has ordered the Emfuleni local municipality to provide various documents to steel producer and electricity consumer Cape Gate, which alleges that the municipality excessively charged it for electricity in 2016/17. In its answering affidavit to the tribunal, the municipality denied the allegations against it. The tribunal has granted Cape Gate’s discovery application and has ordered the municipality to provide documents which the municipality had objected to producing during the discovery process and which it tendered but failed to produce. 
An image of Nedbank Corporate Social Responsibility executive head Poovi Pillay Nedbank launches R10m Indalo Fund
Published: 15 May 24
Finance institution Nedbank on May 15 announced the launch of the R10-million Indalo Fund at the Indalo Inclusive Symposium at the Council for Scientific and Industrial Research in Pretoria. The Indalo Fund is designed to change the way entrepreneurs are funded, creating a pipeline of viable businesses that will be ready to attract high-ticket investment, Nedbank points out.
CHIETA CEO Yershen Pillay State mining training authority backing green hydrogen skills centre creation Has Video
Published: 15 May 24
“We’re very excited to announce that we’ll be establishing the first centre of specialisation of green hydrogen skills,” South Africa’s Chemical Industries Education and Training Authority (CHIETA) CEO, Yershen Pillay, made public this week. CHIETA is working on this with South Africa’s mining and transport sector education and training authority units, Pillay highlighted at this week’s Green Hydrogen Roundtable, hosted by Nedbank Corporate and Investment Banking (CIB).
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