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TNPA signs terminal operator agreement with Mnambithi Terminals in transformation deal

Published: 23 May 24

State-owned Transnet National Ports Authority (TNPA) has signed a terminal operator agreement (TOA) with Mnambithi Terminals for the development of a liquid bulk facility at the port’s Maydon Wharf precinct, in KwaZulu-Natal. The project is expected to result in improved operational efficiencies at the Maydon Precinct as Transnet pursues several tactical initiatives to drive volume recovery and improve efficiencies across its divisions through the business-wide recovery plan.

Lexington confirms gold mineralisation extends beyond historical drill sites at Bothaville

Published: 23 May 24

Aim-listed Lexington Gold has completed 2 355 m of drilling at the Bothaville project, in South Africa’s Free State province, which proves the concept of A-Reef channels occurring on the site. While three drill holes showed eight intersections of gold-bearing mineralisation, drilling on a fourth borehole was abandoned owing to an unexpected geological structure.

AngloGold inks Tanzania farm-in deal with EcoGraf

Published: 23 May 24

Gold mining company AngloGold Ashanti has signed a $9-million, five-year farm-in agreement with ASX-listed junior EcoGraf for the exploration of gold at the Golden Eagle project, in Tanzania. Located on the easter-margin of the Archean Lake Victoria goldfields, the Golden Eagle project is in the same structural corridor as the historical 3.4-million-ounce Golden Pride mine that Resolute Mining operated.

TFR operating company head raises concern over ‘high tariff’ signalled in draft Network Statement

Published: 23 May 24

Transnet Freight Rail (TFR) CEO Russell Baatjies has added his voice to industry-wide concerns being expressed about the high rail tariffs that would arise should the methodology included in a draft Network Statement be implemented. The Network Statement was released for public comment in March by Transnet’s interim Infrastructure Manager (TRIM), which is being separated from the Transnet Freight Rail Operating Company, or TFROC, which Baatjies oversees.

Madison begins drilling at Namibian uranium project

Published: 23 May 24

Toronto-based Madison Metals has started its maiden 2024 drill programme at the Khan project at Madison West in Namibia’s Erongo uranium province. In April, the company announced that it had embarked on a mapping programme ahead of the drill programme, which consisted of infill geological mapping, along with ground scintillometer and spectrometer surveys over several Anomaly 5 drill targets.

Image of Eskom Transmission CEO Segomoco Scheppers

Plans for acceleration of Eskom’s transmission expansion falling into place – Scheppers

Published: 23 May 24

Eskom Transmission CEO Segomoco Scheppers says he believes the “pieces are falling into place” that will allow the power utility to “ramp up and move faster” in expanding the country’s constrained power grid. Grid expansion will enable Eskom and independent power producers to bring much-needed new generation capacity online.

Russia's Nornickel board proposes no dividend for 2023 results

Published: 23 May 24

The board of Russian metals and mining giant Nornickel recommended no dividend on its 2023 results, a year when the company faced significant pressure from sanctions restrictions and geopolitical challenges, Nornickel said on Thursday. Disagreements on dividends have for years been the main reason for on-and-off rows between Nornickel's main owners, CEO and largest shareholder Vladimir Potanin and aluminium producer Rusal.

Activist investor asks Rio Tinto to give up London listing, FT reports

Published: 23 May 24

A UK-based activist investor has called for Rio Tinto to abandon its London listing and unify its corporate structure in Australia instead, the Financial Times reported on Thursday. Palliser Capital, which has taken up a stake in Rio Tinto, said that the metals and mining behemoth's dual corporate structure is a "barrier to its strategic plans, which made it difficult to do major acquisitions," the FT reported.

Schneider launches local EV charging solution

Published: 23 May 24

Energy management and automation company Schneider Electric has launched a local electric vehicle (EV) charging solution, to cater for African countries’ transition away from fossil fuel-powered cars. The solution, called EVLink, is part of Schneider’s EcoStructure eMobility offering and was developed in response to the lack of supporting infrastructure for EV charging on the continent.

Pakistan coal miners face expansion issue as China stops funding

Published: 23 May 24

Chinese and other major lenders are increasingly reluctant to invest in Pakistan’s expansion of coal mines, according to the head of a local producer. “The real challenge for us is financing,” Amir Iqbal, CEO of Sindh Engro Coal Mining Co., said in an interview in Islamabad, mentioning China among the backers that have withdrawn their support.