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Copper 360 CEO Jan Nelson. DRDGOLD to determine economic viability of copper recovery from Copper 360’s tailings dams Has Video
Published: 27 Mar 24
Northern Cape copper company Copper 360 announced on Wednesday that it has signed a memorandum of understanding (MOU) with DRDGOLD’s Far West Gold Recoveries tailings retreatment subsidiary to conduct a due diligence on its copper tailings dams to assess their economic copper recovery viability. During the due diligence period, Far West Gold Recoveries will, through an independent expert, determine the total tonnage of tailings material by Lider survey applying a density of 1.4 tonnes per cubic metre.
An image of Ambassador of Zimbabwe to South Africa David Hamadziripi Zimbabwean investment summit to be held in Johannesburg in May
Published: 27 Mar 24
Zimbabwe Minister of Finance, Economic Development and Investment Promotion Professor Mthuli Ncube and Zimbabwe Investment Development Agency CEO Tafadzwa Chinamo will host an investment summit at the Radisson Hotel, in Kempton Park, near OR Tambo International on May 2 and 3. The summit theme “People you can invest in” is inspired by the Zimbabwe idiom “Nyika inovakwa nevene vayo or lizwe lakhiwa ngabanikazi balo”, which is loosely translated to mean “a country is built by its owners”.
Installing solar panels Record yet uneven renewables growth recorded in 2023, Irena report shows
Published: 27 Mar 24
Despite record renewable-energy installations of 473 GW last year, the International Renewable Energy Agency (Irena) says the pace of deployment remains well below that needed to match the global goal of tripling capacity by 2030. In addition, the geographic distribution of new investment was highly uneven, with Africa lagging in particular. The ‘Renewable Capacity Statistics 2024’ report states that the installed renewables base climbed 13.9% to 3 870 GW in 2023, underpinned by solar photovoltaic (PV) installations, which surged by 32.2%, or 346 GW.
Initial work shows potential of deposit at Morocco project
Published: 27 Mar 24
Aim-listed Critical Mineral Resources (DMR)has announced positive initial work at its Ifri project, in the Anti-Atlas in Morocco, with prospecting by its geological team demonstrating copper and silver in multiple shear zone and quartz vein structures with some structures containing gold mineralisation. Channel samples include assay results of 3.1% copper and 17 g/t silver; 1.95% copper and 15 g/t silver; and 0.86 g/t gold and 21 g/t silver.
SARB Governor Lesetja Kganyago SARB keeps main interest rate unchanged, citing inflation risks
Published: 27 Mar 24
South Africa's central bank kept its key interest rate unchanged at 8.25% on Wednesday, saying that on balance risks to the inflation outlook were skewed to the upside. It was the fifth meeting in a row that the bank has maintained its repo rate at the same level. All economists polled by Reuters had forecast that the rate would be left unchanged.
white chickens Chicken industry needs no tariff rebates because there is no shortage, Sapa stresses
Published: 27 Mar 24
Executives from the South African Poultry Association (Sapa) met with Trade, Industry and Competition Minister Ebrahim Patel last week to discuss, among other matters, tariff rebates on chicken imports that were introduced as a safeguard against potential shortages on the back of bird flu outbreaks. “We appreciate the reason that the tariff rebates were published, which is to address a potential shortage of chicken on the market. However, our data indicates that there has not been and is no shortage in the supply of chicken to the market, and thus there is no need for the rebates to continue,” Sapa Broiler Organisation GM Izaak Breitenbach explained.
Image of Metair CEO Paul O’Flaherty Metair to tackle high debt, gauge Mutlu’s future  
Published: 27 Mar 24
Metair is still very much open for business and the group is able to accommodate new clients should they need automotive components or energy solutions, says new CEO Paul O’Flaherty. O’Flaherty, now two months into the job after former CEO Sjoerd Douwenga bowed out owing to health reasons, comes to Metair with executive experience at companies such as Absa, Group Five, ArcelorMittal and Eskom.
Indonesian miner Amman asks for copper export ban delay
Published: 27 Mar 24
Indonesian copper miner PT Amman Mineral Internasional is in negotiations with the government to allow it to continue exporting copper concentrate beyond May 31, its chief executive said on Wednesday, while predicting a surge in output this year. Indonesia will impose an export ban on copper concentrate from June, a policy meant to force miners to invest in smelting facilities at home. The government wants miners to sell products with higher values to boost export earnings.
Corn farming El Nino may see first South Africa white-corn imports since 2017
Published: 27 Mar 24
South Africa may import significant amounts of white corn, used to make a staple food, for the first time since 2017 as the El Nino weather pattern withers the crop, the chief economist for the main farming business association said. Dry and unseasonably hot weather that’s persisted across much of the country so far this year has slashed forecasts for the size of the harvest. The government’s Crop Estimates Committee on Tuesday slashed its outlook for the white-corn crop by 11% to 6.28-million tons, while the overall take that includes the yellow variety is projected at a five-year low of 13.26-million tons. Corn is known as maize in South Africa. If the dry weather persists, the harvest will fall further as the plants are currently pollinating and need the moisture, said Wandile Sihlobo, chief economist at the Agricultural Business Chamber of South Africa. “If white maize is lowered further we may have to import, which would be the first time since the last tough drought,” he said in a response to queries. The reason our crop is down is purely the El Nino-induced drought.”
A coal-fired power plant operated by Eskom Draft IRP 2023 lacks environmental, health, climate commitments, says Life After Coal
Published: 27 Mar 24
Coal phase-out campaign the Life After Coal Campaign, in its comments on the draft Integrated Resource Plan (IRP) 2023, said the plan has fundamental flaws and expressed skepticism in the plan's ability to ensure cost-effective electricity supply, energy security and to uphold the Constitutional right to live in a healthy environment. “The IRP 2023 does not, in real terms, commit to a least-cost pathway and instead opts for expensive technology and fuel choices. This will perpetuate energy poverty, and make essential services for poor communities even more unaffordable and impact on local economies,” said environmental justice organisation Earthlife Africa director Makoma Lekalakala.
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