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Labour department, IDC launch round two of the Innovation Fund

Published: 27 May 24

The Department of Employment and Labour, in partnership with the Industrial Development Corporation (IDC), has announced the launch of the second round of the National Pathway Management Network’s (NPMN’s) Innovation Fund, an initiative of the Presidential Youth Employment Intervention (PYEI). The fund is focused on supporting interventions that stimulate demand for labour, reducing barriers that hinder labour market entry and facilitating links to appropriate opportunities.

Intern at work for Nordex Energy South Africa

Nordex Energy South Africa progresses impactful internship programme

Published: 27 May 24

Original-equipment manufacturer Nordex Energy South Africa (Nesa) is progressing well with an internship programme for promising young engineers and technicians across three provinces. The programme, which was launched in November last year, aims to build a skilled pipeline of technicians in the wind sector, which is crucial for achieving the country’s energy transition goals.

Just Share unhappy that its question was not addressed at AMSA’s AGM

Published: 27 May 24

Nonprofit activist organisation Just Share has accused ArcelorMittal South Africa (AMSA) of sub-par AGM governance because the chairperson closed the company’s AGM on May 24 before addressing a question posed by the nonprofit. “This is surprising given the high levels of civil society engagement at its AGMs in recent years,” Just Share said on May 27, while noting that this was the first AMSA AGM it had attended.

BHP and Rio Tinto will receive Caterpillar and Komatsu battery-electric haul trucks for trialling purposes, with the outcomes to be shared between the two companies, as well as for further development purposes by the original equipment manufacturers

BHP, Rio Tinto collaborate to expand battery-electric haul truck development

Published: 27 May 24

In support of their shared ambitions to reduce carbon emissions and meet a net-zero operational greenhouse-gas emissions target by 2050, diversified miners BHP and Rio Tinto are partnering with heavy equipment original-equipment manufacturers Caterpillar and Komatsu to trial two large battery-electric haul trucks at the miner’s operations in the Pilbara of Australia. These trials represent the first stage of battery-electric haul truck testing at BHP’s and Rio Tinto’s Pilbara operations.

Barloworld profit dips as slowdown in local mining industry takes its toll

Published: 27 May 24

Barloworld’s South African businesses continued to face a myriad of challenging trading conditions, says CEO Dominic Sewela. Announcing the group’s financial results for the six months ended March 31, Sewela said on Monday that Barloworld’s domestic operations had had to contend with a constrained local macroeconomic environment, inflationary cost pressures, as well as relatively higher borrowing costs affecting both businesses and households.

South African food inflation continued a downward trend in April

Published: 27 May 24

In April, for the second month in a row, year-on-year (y-o-y) South African food and non-alcoholic beverage (NAB) inflation (hereafter to be referred to as food inflation, for short) ran at a rate below that for consumer price index (CPI) headline inflation, the Bureau for Food and Agricultural Policy (BFAP) has reported. April was also the fifth consecutive month which recorded a decline in food inflation. The food inflation rate in April was 4.7%, while that for CPI headline inflation was 5.2%. Food inflation contributed 0.9 percentage points to CPI headline inflation in April. (Y-o-y food inflation in March had been 5.1%.) In month-on-month (m-o-m) terms, food inflation in April was 0.2%, whereas CPI headline inflation was 0.3%. Food inflation contributed zero percentage points to the m-o-m headline figure.

Panellists discuss graphite demand and rare earth supply chains at Junior Indaba

Published: 27 May 24

With growing demand for electric vehicles, yearly graphite supply needs to be about four times higher in 2030, and about nine times higher in 2040, than at present, owing to its use in energy transition-related products, such as lithium-ion batteries. During a presentation at the Junior Indaba last week, ASX-listed Walkabout Resources CEO Andrew Cunningham said natural graphite demand would exceed supply in 2025, noting that flake graphite production would require $7.57-billion in capital expenditure investment to meet battery demand in 2035.

Toubani strengthens its board as it advances Kobada DFS

Published: 27 May 24

ASX-listed Toubani Resources has announced several changes to its board of directors and study management team to drive the delivery of the definitive feasibility study (DFS) for the Kobada gold project, in southern Mali. Matt Wilcox will join the board of directors as a nonexecutive director effective immediately, while current nonexecutive director Scott Perry has been appointed nonexecutive chairperson.

bp, Shell agree to sell Sapref land, associated assets to the CEF

Published: 27 May 24

Following successful negotiations, bp Southern Africa and Shell Downstream South Africa (SDSA) have reached an agreement for the sale of their respective 50% ownership of assets located at the Sapref refinery precinct, in KwaZulu-Natal, to South African State-owned entity the Central Energy Fund (CEF). The sale includes SDSA and bpSA’s interests in the Sapref land and other associated assets, which includes tanks, process units, pipelines to and from Sapref to Island View terminal, and the Single Buoy Mooring for crude imports.

Many Peaks starts major drill programme at Côte d’Ivoire project

Published: 27 May 24

ASX-listed Many Peaks Minerals has started a 6 500 m diamond and auger drilling campaign on the Odienné project, in Côte d’Ivoire. One thousand metres of diamond drilling is planned for five holes on 400-m-spaced lines to follow up open gold mineralisation that was highlighted in a preliminary air core programme completed late last year.