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US travel numbers to South Africa greater than ever before, reports United Airlines

Published: 15 May 24

The number of US visitors to South Africa is now higher than it was in 2019, the last year before the Covid-19 pandemic hit, United Airlines director sales continental Europe, India, Israel, Africa & Middle East Thorsten Lettnin tells Engineering News, in an exclusive interview. In 2022, the total number of travellers to South Africa from the US was some 350 000, a number on par with that for visitors to South Africa from the UK. “Since Covid, we have seen stronger demand on our South Africa routes,” he reports. “We think this is a new normality. It’s very good for United. We’re a major facilitator of US tourism to, and trade with, South Africa. We’re really happy. Interestingly, on the business travel side, smaller companies have come back to air travel faster that the big businesses.”

Execution risk to Anglo’s restructure plan substantial – WoodMac

Published: 15 May 24

Mining major Anglo American has accelerated its portfolio planning in the wake of rejecting fellow mining major BHP’s second bid proposal of $42.2-billion (£34-billion), or £27.70 a share, in a move that new research by consulting firm Wood Mackenzie (WoodMac) shows will take it from being the most diversified to the most concentrated major miner in the world. The report titled ‘Anglo American to rationalise all but copper and iron-ore production’ states that the company’s decision to take a strategic focus on the highest return commodities of copper and iron-ore mirrors similar moves by BHP and diversified miner Rio Tinto in looking to future-proof the business.

Gold Fields to earn into Killi’s West Tanami project

Published: 15 May 24

Exploration junior Killi Resources has announced an option and joint venture (JV) agreement with global miner Gold Fields, which has agreed to spend up to A$13-million for an 85% interest in the West Tanami project, in Western Australia. Killi CEO Kathryn Cutler said that the partnership with Gold Fields allowed access to expertise and funding for the longer term and would ensure the project continued its progress in pursuit of a new orogenic gold system in the Tanami.

Santos to sack 200 employees as project approvals slow

Published: 15 May 24

Santos, Australia's No. 2 independent gas producer, on Wednesday said it will remove around 200 roles in Western Australia, Northern Territory, and Timor-Leste unit due to sluggish project approvals and delayed growth activities. Santos conducted a review of certain business units over the recent months in the wake of some late-life assets nearing closure and related decommissioning activities while new project approvals take longer than anticipated, it said.

Plunging currencies, El Niño to delay rate cuts in African economies

Published: 15 May 24

Mounting price pressures from the resurgence of the dollar, foreign-currency crunches and adverse weather conditions are set to lead to delayed and shallower interest-rate cuts for African central banks this year. Over the next three weeks, analysts predict Nigeria, Angola and Zambia, who are still fighting double-digit inflation, will raise interest rates and only start reducing them next year.

Brazil states ask court to double what Vale, BHP should pay for dam burst

Published: 15 May 24

Two Brazilian states have asked a court to more than double the amount that miners Vale and BHP, plus a jointly owned tie-up, must pay in damages for a 2015 deadly tailings dam failure, according to a legal document seen by Reuters on Tuesday. In January, a Brazilian federal judge ruled that Vale, BHP and their joint venture Samarco must pay 47.6-billion reais in damages for the dam burst, a preliminary decision which prompted Vale and BHP to raise provisions related to the case.

Rescue efforts under way at a building collapse site in George, in the Western Cape

Forensic pathologists identify 18 of the 33 deceased in George building collapse

Published: 15 May 24

Forensic Pathology Services have, as at 06:00 on May 15, identified 18 of the workers killed in the collapse of a partially built residential building in George. The death toll has reached 33, while 19 people are still unaccounted for eight days after the building's collapse.

John Deere showcases continued technology, innovation focus

Published: 15 May 24

Equipment manufacturer John Deere South Africa will continue to focus on pursuing innovation on its machines and technology as it looks to strengthen its footprint in Africa. Tasneem Bulbulia tells us more.

The Mothae mine is situated in the Maluti mountains of Lesotho

Lucapa puts Lesotho diamond mine up for sale

Published: 15 May 24

Australia-listed Lucapa Diamonds on Wednesday announced the planned divestment of its 70% interest in the Mothae mine, in Lesotho. This follows a review of the asset portfolio by the company’s newly structured board of directors.

Proposed site layout of the Aurora uranium project

Aurora charts development pathway for US uranium project

Published: 15 May 24

ASX-listed Aurora Energy Metals has delivered a scoping study that demonstrates a viable pathway to developing its namesake uranium project in the US state of Oregon. Using a spot price base case of $90/lb, the Aurora project demonstrates strong cash flows of A$502-million, a net present value of A$232-million and an internal rate of return of 25%.