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Drakenstein municipality completes audit, resets prepaid electricity meters

Published: 10 May 24

Drakenstein municipality, covering Paarl, Wellington, Mbekweni, Gouda, Saron, Hermon and Simondium, in the Western Cape, has completed the formal auditing process of prepaid electricity meters of municipal customers in Drakenstein. There are now only a few meters outstanding in the area which the municipality says it has soft-locked as its meter auditors could not access these homes. Most of these homeowners live abroad and the municipality will assist them when they return to the country.

A sniffer dog helping to search for survivors

George building collapse death toll rises to 12

Published: 10 May 24

The George municipality has confirmed that three more bodies have been retrieved from the site of a collapsed building, taking the death toll to 12. Eighty-one people were on-site at the time of the building's collapse on Monday afternoon. By Friday, 41 people were still unaccounted for. Thirteen people remain in hospital. Search and rescue effort are continuing.

South Africa may curb Shell’s oil exploration over gas-pump exit

Published: 10 May 24

South Africa’s energy ministry signaled it may grant fewer oil exploration permits to Shell over the company’s plans to exit the nation’s fuel-supply business. The oil major is selling its shareholding in Shell Downstream South Africa, which includes a network of 600 gas stations across the country, following a review of its business across regions and markets. Mineral Resources and Energy Minister Gwede Mantashe said he’s requested a meeting with Shell officials to discuss the matter.

Michelin research shows how transporters can reduce total cost of ownership

Published: 10 May 24

Tyre manufacturer Michelin has launched its latest research focused on total cost of ownership, which is aimed at shifting the mindsets of South African transporters to run more efficient and sustainable fleets. The ‘2023 Decarbonising South Africa’s Transport Sector’ outlines that transport is the third-largest emitting sector in South Africa, with almost 55-million tonnes of CO2 emissions, contributing more than 10% to the country's national gross emissions.

Hard disk drive demand rebound holds opportunities for platinum – council

Published: 10 May 24

The market for hard disk drives (HDDs) is showing signs of a rebound after almost two years of decline, as the rapid growth in machine learning and AI are driving the need for expanded data storage, industry organisation the World Platinum Investment Council (WPIC) points out, also highlighting the relevance of this for the platinum industry. According to Forbes, total HDD unit shipments in the last quarter of 2023 were up just under 1%, marking a turnaround in HDD demand, which had been in quarterly decline since the first quarter of 2022, the council says.

Air freight leads recovery in logistics sector in March – Ctrack index

Published: 10 May 24

After a notable decline in the first two months of the year, the Ctrack Transport and Freight Index (Ctrack TFI) in March increased to an index level of 119.7. This is an increase of 1.1% compared with February, and just marginally up on a year ago.

South Deep, Rietberg, mineral exploration make headlines

Published: 10 May 24

Mining Weekly Editor Martin Creamer discusses developments around Gold Fields’s potential wind energy project at the South Deep Gold Mine; Copper360's Rietberg underground copper mine opening three months ahead of schedule; and South Africa’s economy can benefit quickly from getting mineral exploration going at pace.

Froneman confident PGM prices will rebound once temporary decline abates

Published: 10 May 24

Multinational mining and metals processing group Sibanye-Stillwater CEO Neal Froneman remains confident that the platinum group metals (PGM) price outlook is fundamentally positive and that the price gouging of late was merely a temporary phenomenon. “Our view that the fundamental outlook for PGMs is positive is unchanged, with little evidence of a systemic change in the market fundamentals to justify the price collapse observed during 2023.

DRDGOLD posts lower third-quarter output, but higher earnings

Published: 10 May 24

JSE-listed gold recovery company DRDGOLD has generated higher adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) for the quarter ended March 31, compared with the same quarter of last year, despite having produced slightly fewer ounces. Adjusted Ebitda in the reporting quarter of R494-million, or $26.2-million, compares with adjusted Ebitda of R441-million, or $23.5-million, in the prior comparable quarter.

The Westwood mine, in Canada, achieved its highest quarter of production since mining restarted in 2021.

Iamgold guidance on track as Essakane and Westwood shine

Published: 10 May 24

Canadian gold miner Iamgold has announced a promising start to the year, reporting robust results across its operations and projects in the first quarter, positioning the company well to meet its guidance targets. CEO Renaud Adams attributed the first-quarter success to the combination of stable operations and favourable grade reconciliation at the Essakane mine, in Burkina Faso, coupled with Westwood, in Canada, achieving its highest quarter of production since mining restarted in 2021.