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Things looking up for Stefanutti following y/y uptick in profits, contract revenue
Published: 23 May 24
JSE-listed multidisciplinary construction group Stefanutti Stocks has reported an improvement in contract revenue to R7.1-billion for the 12 months ended February 29, up from R6.1-billion in the prior financial year. The group also reported an improvement in operating profit from continuing operations from R101-million in the 2023 financial year to R210-million in the year under review.
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Green hydrogen must be allowed to decarbonise optimally, Junior Indaba hears
 Published: 23 May 24
Green hydrogen must be made cheap enough to decarbonise optimally at a time when the delay in emission reduction needs to be reversed if the world is to hit net zero by 2050. A range of factors need to be aligned relating to policy, technology, the circular economy, social buy-in and primary supply.
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Speakers highlight focus areas to tackle mine water challenges
Published: 23 May 24
South Africa has made considerable strides in addressing mine water challenges; however, it is imperative that these efforts are bolstered and improved upon, through aligning research with implementation, ensuring that the correct processes are in place and adapting the regulatory environment to be more conducive for the reuse and management of mine water. This was highlighted by speakers participating in Creamer Media’s Mine Water webinar, held on May 22.
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Empowering women in energy the intelligent thing to do, says DMRE official
Published: 23 May 24
The Department of Mineral Resources and Energy (DMRE) had been running a five-year Energy Sector Women Empowerment Strategy since 2021, pointed out DMRE deputy director-general Hilda Mhlongo on Thursday. She was delivering the keynote address at the Women in Energy breakfast at the Enlit Africa 2024 conference, at the Cape Town International Convention Centre. “The energy sector is crucial for economic development and sustainability,” she highlighted. But women remained underrepresented in the sector. That was why there was a need for empowerment strategies, to address this imbalance.
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PGM prices impact on Tharisa’s first-half profit, but market fundamentals are ‘solid’
Published: 23 May 24
JSE-listed platinum group metals (PGM) and chrome producer Tharisa has reported a 20% year-on-year decrease in net profit after tax, at $38.8-million, for the six months ended March 31, compared with the $54.7-million net profit reported for the six months ended March 2023.
The group declared an interim dividend of $0.015 apiece, compared with $0.03 apiece in the prior comparable period.
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Gas still has a crucial role to play in South Africa’s energy mix – Kearney
Published: 23 May 24
Gas has an important role to play in South Africa’s energy transition journey, Kearney partner Prashaen Reddy says amid calls for public comments on a draft Gas Master Plan, which was released for comment at the end of April. He notes that the Southern Africa region has had several recent gas finds across Mozambique, South Africa and Namibia, that allow for the development of indigenous resources to drive industrialisation, social development and economic growth.
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Technology increasingly being used to improve control, accuracy in logistics value chains
Published: 23 May 24
The freight and transport logistics sectors are seeing ever greater use of technologies in warehouses, as well for stock-picking, consignment loading and delivery checks, among other applications, as the sectors work to automate a range of processes and improve the accuracy of those processes. New capabilities were being created using existing systems that were integrated with new machine learning (ML), image recognition and AI solutions to deliver new insights, capabilities and controls, logistics risk management company Professional Risk and Asset Management group operations director Gerhard van Zyl said.
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Women having an impact in the energy sector, including Eskom, but a lot needs to be done
Published: 23 May 24
All four Eskom coal-fired power stations that are currently maintaining electricity availability factors (EAF) of more than 75% are headed by women. This was highlighted by Eskom group executive: human resources Elsie Pule on Thursday. She was participating in a panel discussion at the Women in Energy breakfast at the Enlit Africa 2024 conference, at the Cape Town International Convention Centre. Every time a woman took over a power station, she affirmed, the EAF shot up. Eskom, a decade ago, created a Women Advancement Programme. Over ten years, this has resulted in the proportion of women senior executives in the State-owned national electricity utility increasing from 29% to 42%. The same progamme has reduced the gender salary differential to 6%.
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Hudbay upsizes bought-deal offering
Published: 23 May 24
Base metals company Hudbay Minerals has increased the size of its previously announced equity offering from $300-million to $350-million.
Underwriters will now buy 36.84-million shares at $9.50 each in the bought-deal offering.
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Faraday Copper raises C$20m
Published: 23 May 24
Canadian company Faraday Copper on Wednesday announced a C$20-million bought-deal financing to advance the exploration and development of its Copper Creek project, in Arizona, US.
Faraday entered into an agreement with Ventrum Financial Corp as co-lead underwriter and joint bookrunners for the purchase of 25-million shares at C$0.80 a share.
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Coega green ammonia project, South Africa – update
Published: 17 May 24
Hinkley Point C nuclear power plant project, UK – update
Published: 17 May 24
Umoyilanga hybrid renewables battery project, South Africa – update
Published: 17 May 24
Takeover target Metallica Minerals has suspended the majority of the planned project development works at its Cape Flattery silica project, in...
Enviro thumbs-up for Image’s mineral sands mine
Published: 23 May 24
The Atlas mineral sands project, north of Perth in Western Australia, has received environmental approval, ASX-listed Image Resources reported on...
TNPA signs terminal operator agreement with Mnambithi Terminals in transformation deal
Published: 23 May 24
State-owned Transnet National Ports Authority (TNPA) has signed a terminal operator agreement (TOA) with Mnambithi Terminals for the development of...
