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Panel highlights the urgency of climate change governance

Published: 08 May 24

A panel experts recently underscored the critical importance of climate change governance for businesses and governments worldwide in a webinar hosted on April 17, 2024, by Creamer Media Webinars in collaboration with ESG Africa Conference. The session, which was moderated by ESG Africa Conference co-founder Wendy Poulton, provided insights into the evolving landscape of climate governance and the challenges and opportunities it presents.

West Red Lake announces C$30m bought-deal offering

Published: 08 May 24

West Red Lake, the owners of the Madsen gold mine in Ontario, has announced a C$30-million bought deal public offering of units. The TSX-V-listed firm entered into an agreement with Raymond James as sole bookrunner to purchase 27.78-million units and 11.24-million charity flow-through units at C$0.72 per unit and C0.89 per charity flow-through unit.

A rescue worker and his dog search for survivors of the building collapse

Engineering organisations, labour dept urge patience as cause of George building collapse awaits determination

Published: 08 May 24

Civil engineering and construction industry organisations the South African Institution of Civil Engineering (Saice), Consulting Engineers South Africa (CESA) and Master Builders South Africa (MBSA) have urged patience to allow for investigations into the cause of the building collapse in Victoria street, George, on May 6. Employment and Labour Minister Thulas Nxesi has committed the Department of Employment and Labour (DEL) to undertake an Occupational Health and Safety Act investigation of the site once the rescue and recovery interventions have been completed.

Spar Group to list on A2X

Published: 08 May 24

Retailer Spar Group has been approved for a secondary listing on A2X Markets (A2X) and its shares will become available for trade on the exchange from May 15. Spar has wholesale warehousing and distribution operations in Southern Africa and parts of Europe that support over 4 500 stores through 14 distribution centres. It operates in 11 countries and reported revenue of R149-billion in 2023.

De Grey raises A$600m for WA gold project

Published: 08 May 24

Western Australian gold explorer and developer De Grey Mining has launched a fully underwritten A$600-million equity raising, derisking the equity component of the financing for the Hemi project. The equity raising comprises a A$344-million institutional placement and a 1 for 7.95 prorata accelerated nonrenounceable entitlement offer to raise A$256-million.

Messe Frankfurst South Africa MD Michael Dehn

Commercial vehicle industry poised to grow, grasp new opportunities despite challenges

Published: 08 May 24

The commercial vehicle industry in South Africa is getting to understand the opportunities in the automotive sector, such as in the autonomous vehicles space, despite various macroeconomic challenges, event organiser Messe Frankfurt South Africa MD Michael Dehn said during the Futureroad vehicle trade exhibition on May 3. He highlighted how the commercial vehicle industry continued to be a key driver of innovation and how it boosted the overall automotive industry’s ability to contribute 4.9% to gross domestic product and keep more than 110 000 people employed.

Australia to spend A$566m on mapping out resource deposits

Published: 08 May 24

Australian Prime Minister Anthony Albanese has announced an investment of A$566-million over the next decade to bolster geoscientific research across the nation. The Geoscience Australia-led initiative, welcomed by industry bodies such as the Minerals Council of Australia (MCA) and the Association of Mining and Exploration Companies (Amec), aims to unlock the vast potential of Australia’s untapped geological resources.

A graph showing the share of hydropower, solar and wind electricity generation growth

Renewables provided record 30% of global electricity in 2023, Ember says

Published: 08 May 24

Growth in solar and wind power pushed renewable generation to a record 30% of global electricity production in 2023, putting a global target to triple renewable capacity by 2030 within sight, a report by think tank Ember said. Cutting fossil fuel use and emissions in the power sector is seen as vital to meeting global climate targets. More than 100 countries at the COP28 climate summit in Dubai last year agreed to triple renewable energy capacity by 2030.

B2Gold says Goose project slightly behind schedule

Published: 08 May 24

Development of the Goose openpit and underground project, in Nunavut, is running slightly behind schedule, with the first gold pour pushed out by one quarter. Senior gold producer B2Gold explains that the project is behind schedule owing to equipment availability, adverse weather conditions and prioritisation of critical path construction activities.

Freeport is preparing to ship as much as 900 000 t of copper concentrate from its Grasberg mine

Indonesia says it will extend copper export permits for Freeport, Amman

Published: 08 May 24

Indonesia will extend copper concentrate export permits for Freeport Indonesia and Amman Mineral Nusa Tenggara, President Joko Widodo told reporters on Wednesday, adding that details of the extensions were still being worked out. Both Freeport Indonesia and Amman are building copper smelters expected to start operation in June. But the companies have said the new smelters would need months to ramp up capacity to absorb their copper concentrate output.