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New haulers in use at the Durban Container Terminal Durban Container Terminal receives ten haulers before citrus season start
Published: 28 Mar 24
The Durban Container Terminal (DCT) has received the first ten of 45 fully-assembled haulers ahead of the start of South Africa’s citrus season next month. Haulers move containers from the stack to the ship-to-shore crane in a vessel loading operation, and from the ship-to-shore crane to the stack in a vessel offloading operation. The arrival of the equipment enables better use of straddle carriers and enhances the terminal’s use of its fleet, thus contributing to improved efficiency.
Renergen's Virgina plant Renergen’s helium plant integration nearly complete
Published: 28 Mar 24
Gas producer Renergen is approaching the final stages of its helium system integration, which will mark a significant step forward in its operations, making South Africa one of only eight countries to produce liquid helium. In a quarterly update issued on March 28, the company said the original-equipment manufacturer (OEM) supplier arrived on site in late February to complete the last phase of commissioning for the plant. Renergen said progress was satisfactory, with no significant issues detected.
Safda recognised as sugar industry member under gazetted regulations
Published: 28 Mar 24
Industry organisation the South African Farmers Development Association (Safda) has been recognised as a member of the sugar industry after the Sugar Act transitional regulations governing the South African sugar industry were made permanent following their publishing in a Government Gazette. The transitional regulations were introduced in 2018 and extended in 2020 to expire on March 31, 2024.
Potash ore Kore expects EPC finalisation in Q2, following which financing will ensue
Published: 28 Mar 24
Congo-Brazzaville-focused miner Kore Potash has advised that the condition for conversion of five convertible loan notes (CLN) totalling $530 000 has been met, and, accordingly, these will now be converted into 109-million new ordinary shares in the company at a price of 0.38p apiece. The company will use the proceeds to advance work on the Kola project, as well as for working capital.
Nigeria to grant mining licences only to companies that process locally
Published: 28 Mar 24
Nigeria will only grant new mining licences to companies that present a plan on how minerals would be processed locally, under new guidelines being developed, a government spokesperson confirmed on Thursday. This signals a shift from Nigeria's decades-old policy of exporting raw materials as African governments take steps to extract more value from their solid mineral deposits.
Ironveld smelter Ironveld ramp-up slower than expected
Published: 28 Mar 24
Although high-purity iron, vanadium and titanium producer Ironveld marked the first sales of metal products, including high-purity iron and titanium slag, from its Rustenburg smelter to local buyers during the six months ended December 31, 2023, operational challenges and modifications delayed the expected ramp-up for the remainder of the year. Located on the Northern Limb of the Bushveld Complex in Limpopo, Ironveld's project continued with various activities during the period. Directors provided working capital support of up to £500 000 to ensure flexibility in funding. The company also carried on with the refurbishment of the Rustenburg smelter and initiated mining activities.
Mike Silber to join MTN
Published: 28 Mar 24
Telecommunications giant MTN Group has appointed Mike Silber as group executive regulatory, effective April 1. Over the past five years, Silber held the role of Liquid Telecom group chief regulatory officer, where he was instrumental in the creation and expansion of the most extensive cross-border fibre network in Africa, as well as the continent's largest networked data centre operation.
dump truck on mine construction site Kropz records $5.7m loss for 2023 as Elandsfontein ramps up
Published: 28 Mar 24
As phosphate miner Kropz is still ramping up to steady-state production, the company recorded a $5.7-million gross loss for the 12 months ended December 31, 2023. The company said on March 28 that the loss was largely owing to its Elandsfontein mine having to discount its sales prices as a new market entrant and to consider lower grades being achieved as part of the ramp-up process, coupled with higher production costs per tonne.
An image of the Blanket gold mine Caledonia’s 2023 full-year performance in line with expectations
Published: 28 Mar 24
Gold miner Caledonia Mining notes in its operating and financial results for the year ended December 31, 2023, that its performance was in line with both market expectations and production guidance. Gross revenue was $146.3-million, 3% higher than in 2022, owing to a 7.8% increase in the average realised price of gold sold.
Lotus appoints debt adviser for Kayelekera restart
Published: 28 Mar 24
ASX-listed Lotus Resources has appointed Orimco to arrange debt for its flagship Kayelekera uranium project, in Malawi, where the company intends to restart operations in late 2025. Lotus says it chose debt adviser Orimco based on its demonstrated record, knowledge and experience arranging debt for resource projects in Africa and globally.
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