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AngloGold starts year with 2% higher output despite flooding in Australia

Published: 10 May 24

Gold miner AngloGold Ashanti has started the year off well, with a 2% increase in production to 581 000 oz for the quarter ended March 31, despite the impact of heavy rain and flooding on output in Western Australia. CEO Alberto Calderon says the company is seeing greater consistency from most of its operations, including better performance from its Brazilian mines, while the Obuasi mine, in Ghana, continues to ramp up.

Traxtion refurbishes, adds 5 Transnet class 39 locomotives to fleet of 60 in eight African countries

Published: 10 May 24

Private rail operator and services company Traxtion has refurbished five class 39 locomotives it bought from State-owned Transnet at its workshop in Rosslyn, Gauteng. This is part of its fleet expansion to meet the growing demand of freight rail services in Africa. "Traxtion is preparing for the next phase of adding new locomotives to the fleet. We now have a fleet of 60 locomotives and are operating in eight African countries," the company said in a statement this week.

St Barbara’s decade-long vision for Simberi

Published: 10 May 24

Australian gold miner St Barbara has crafted a roadmap for the advancement of the Simberi mine, in Papua New Guinea, outlining production scenarios aimed at elevating output to about 230 000 oz/y through to 2034. The concept study scrutinised six different cases, comprising two flowsheet options with three different processing rates.

Aluminium vehicle body panels in an assembly plant

Logistics, NEVs in focus for next phase of automotive industry growth

Published: 10 May 24

Efficient logistics to move vehicles and automotive components up and down the value chain and adapting the local industry to new energy vehicles (NEVs) is crucial to shape the trajectory of the industry into the future, industry development agency Automotive Industry Development Centre (AIDC) chairperson Meloney van Eck said this week. Speaking at a Gauteng government- and AIDC-hosted automotive industry roundtable discussion, in Midrand, on May 9, she said it was important for industry leaders and experts to discuss logistics in the automotive sector and to explore the growing NEV landscape to shape the way forward for the industry.

South Africa to host twelfth Africa Aerospace and Defence exhibition in Sept

Published: 10 May 24

The Africa Aerospace and Defence (AAD) trade exhibition and air show will be held from September 18 to 22 at Air Force Base Waterkloof, under the theme of ‘Exploring new paths, sharing solutions, showcasing innovation and capability’. More than half of the available exhibition space has already been booked and confirmed, which reflects a significant vote of confidence in the event that has continued to record success, the AAD said in a statement.

AFC-led consortium financing large-scale road infrastructure development in Angola

Published: 10 May 24

The Africa Finance Corporation (AFC) announced on Friday the signing of a €381.5-million financing package for road transport infrastructure development in Angola. The AFC, founded in 2007, serves to catalyse private sector-led infrastructure development across Africa. This latest financing package will fund the engineering, procurement and building of 186 bridges for, plus other essential enhancements to, Angola’s road network. The AFC was mandated to be the lead investor for the commercial tranche of the package, and has committed itself to contribute €85-million to the total. Export credit financing for the construction programme is being provided by the US Export-Import Bank and the US Private Export Funding Corporation. The key role of coordinating and structuring bank is being fulfilled by Standard Chartered Bank.

South Africa avoids technical recession despite challenges – Deloitte

Published: 10 May 24

With unemployment, loadshedding and a weak economy being front-line issues in the upcoming elections, the incoming administration must drive investment and reform to restart growth, build confidence and help South Africa’s economy meet its potential, says advisory firm Deloitte. In its May 2024 edition of the South African Economic Outlook, Deloitte notes that, despite recording the worst year of loadshedding so far in 2023, South Africa managed to avoid a technical recession, with real GDP growth at 0.6% last year.

ATNS, CSIR making important progress in their joint passive radar project

Published: 10 May 24

South Africa’s national air traffic control (ATC) agency, Air Traffic and Navigation Services (ATNS), and the Council for Scientific and Industrial Research (CSIR), have started joint measurement and surveying activities at the Kruger Mpumalanga International Airport (KMIA) for the installation and test of a locally-developed passive radar system. This joint project is the outcome of a Memorandum of Understanding (MoU) originally signed between the two agencies in 2017 and renewed last year. ...

Manganese Metal Company chairperson Bernard Swanepoel

Fantastic advance by Proudly South African manganese battery metal first-mover

Published: 10 May 24

Proudly South African Manganese Metal Co (MMC) of Mbombela, Mpumalanga, is making a fantastic first-mover advance to enter the manganese battery metal market, which is progressing super-fast. To be established is a faster stream to market, which is not only ahead of the global game, but also provides time for this remarkable value-adding company to become a manganese-ore-to-sulphate producer from its current position of being the producer of the world’s purest 99.9% pure manganese metal from manganese fines.

Nersa approves Sasol Gas’ price application

Published: 10 May 24

The National Energy Regulator of South Africa (Nersa) on April 29 approved Sasol Gas’ application for a maximum price of gas for the period July 1, this year, to June 30, 2025. This results in the maximum price of gas being R84/GJ for end-user customers from July 1 to September 30.