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Johnson Matthey forecasts lower palladium, rhodium deficits, but larger platinum deficit

Published: 09 May 24

Chemicals and sustainable technologies provider Johnson Matthey says the palladium and rhodium markets are likely to record smaller deficits this year, while platinum is likely to record a deficit of 600 000 oz on the back of lower primary supplies. It states in its latest yearly ‘PGM Market Report’ that an anticipated recovery in primary and secondary platinum group metal (PGM) production fell short of expectations in 2023.

Manuka raises cash to bring Mt Boppy into production

Published: 09 May 24

Exploration and development company Manuka Resources has announced an A$8-million capital raise that it plans to use to bring the Mt Bobby gold mine into production this year. The capital will be used to establish an onsite processing facility to recover gold from oxidised ore. First gold production is forecast for the fourt quarter.

Panama President-elect rules out First Quantum talks until arbitration dropped

Published: 09 May 24

Panama's President-elect has ruled out talks with Canadian miner First Quantum Minerals until it drops multiple arbitration proceedings it has launched seeking billions of dollars in compensation from the government over a mine shutdown order. President-elect Jose Raul Mulino spoke about his plans for the major copper mine, once responsible for some 5% of Panama's economic activity and some 40% of First Quantum's revenue, in an interview with local news radio program Panama en Directo on Thursday.

An image of DMRE chief inspector of mines David Msiza

Conference highlights coal mining industry safety milestones, new targets

Published: 09 May 24

The South African coal mining industry has made progress in reaching its goal of zero harm; however, programmes and initiatives must be bolstered to ensure this is achieved and then maintained. This was outlined by speakers during the Coal Safe 2024 conference, held on May 9, at Emperors Palace, in Gauteng.

UK, South African universities partner to establish water security forum

Published: 09 May 24

The University of Johannesburg (UJ) Centre for Social Development in Africa (CSDA) and UK-based Cranfield University Centre for Water, Environment and Development (CWED) are partnering to establish a cross-stakeholder consortium to achieve water security in Johannesburg. The Johannesburg Community of Practice for Water Security (CoP4H2O), which was announced during a UJ/Cranfield-hosted webinar on Thursday, aims to address the critical water issues impacting Johannesburg, and across South Africa.

Accenture sales and commerce lead Africa Mushambi Mutuma.

South African companies struggling to keep pace with e-commerce growth

Published: 09 May 24

While the cost of doing business is increasing, as companies grapple with ad hoc systems, legacy technology, skills gaps and poor infrastructure, global e-commerce companies with a “wealth of know-how” are rapidly intensifying competition. Hence, the influx of best-in-class global players into the South African market is reshaping industry dynamics, posing a challenge for local companies across the board, according to a report published by global professional services company Accenture.

AP Ventures Co-Founding Partner Kevin Eggers

Hydrogen’s ‘irreplaceable’ role highlighted by platinum-linked venture capital fund

Published: 09 May 24

The role of hydrogen in the decarbonisation of the hardest-to-abate sectors of the global economy continues to be highlighted as “irreplaceable” by AP Ventures, the independent venture capital focused on investing in early-stage companies that use or enable the use of platinum group metals (PGMs). “We remain very excited about the hydrogen sector,” was the comment of AP Ventures co-founding partner Kevin Eggers in a Zoom interview with Mining Weekly. (Also watch attached Creamer Media video.)

Deadline for latest battery procurement also extended as IPPs adjust to Eskom’s new grid access rules

Published: 09 May 24

The deadline for South Africa’s recently launched third battery energy storage bidding round, or bid window three (BW3), has been extended by three months to October 31, following a recent deadline extension for the concurrent second battery bidding round from April 30 to June 6. Independent Power Producer Office head Bernard Magoro indicated during a Battery Energy Storage Independent Power Producer Procurement Programme (BESIPPPP) briefing that the BW3 extension had been granted on May 8, following requests from prospective bidders and amid ongoing congestion in securing grid-access cost estimate letters (CELs) from Eskom.

Underspending on repairs, maintenance impacting on Joburg infrastructure – JoburgCAN

Published: 09 May 24

Following a decade of underspending on repairs and maintenance on infrastructure, JoburgCAN, an initiative of the Organisation Undoing Tax Abuse (Outa), says it is “gravely concerned” over the budget allocations for the maintenance of fixed assets in the City of Johannesburg’s draft budget for 2024/25. “The City of Johannesburg again plans to spend less than the national norm on maintaining its ageing infrastructure,” says JoburgCAN manager Julia Fish.

Genuine progress, not electioneering, behind the easing of loadshedding, council says

Published: 09 May 24

The current loadshedding reprieve is not a result of excessive diesel burning to pacify voters but rather a consequence of government and business coming together to made headway in solving South Africa’s electricity crisis, Energy Council of South Africa (ECSA) CEO James Mackay has said. Sceptical South Africans have been speculating that the weeks-long halt in loadshedding was a ploy by the ruling party to obtain more votes ahead of the May 20 national elections.