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NTCSA begins consultations on market code to govern shift towards competitive electricity industry
 Published: 19 Apr 24
With the National Transmission Company South Africa (NTCSA) currently scheduled to be operationalised in July and efforts under way to ensure that the Electricity Regulation Act (ERA) Amendment Bill is passed by the current Parliament, work is now advancing on the market code for the future multimarket architecture that will progressively replace the vertically integrated structure that has prevailed for over a century. Eskom transmission MD Segomoco Scheppers will lead the NTCSA once it begins trade after addressing the remaining Companies Act requirements, having already met the key conditions of board independence, licensing and lender consent.
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Chief economist unpacks mining’s deeply-rooted contribution to economy despite challenges
Published: 19 Apr 24
The mining industry makes a significant difference in the lives and livelihoods of employees and society in South Africa through economic and socioeconomic contributions, but more can be done on the governmental administrative front to enable increased benefits, says Minerals Council South Africa chief economist Hugo Pienaar. He told Mining Weekly that the Department of Mineral Resources and Energy had expressed commitment to reducing red tape and processing applications, such as mineral right exploration applications quicker.
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Jaguar Land Rover develops portable charger using second-life batteries
Published: 19 Apr 24
Jaguar Land Rover (JLR) has developed a portable battery energy storage system (Bess) using second-life Range Rover and Range Rover Sport plug-in hybrid electric vehicle (PHEV) batteries. The unit, built in collaboration with energy storage startup Allye Energy, is the first Bess to be commercially available with JLR battery packs.
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Conditions challenging, but some green shoots emerging – MBA North
Published: 19 Apr 24
Last year was one of the most challenging years the Master Builders Association (MBA) North has ever experienced, with many of its long-standing members entering business rescue or closing their doors, says MBA North executive director Mohau Mphomela. The 120-year-old employers’ body serves the construction industry in Gauteng, North-West, Limpopo and Mpumalanga. Many of its members are smaller, family owned businesses.
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Mosehla steps down as MC Mining director
Published: 19 Apr 24
Khomotso Mosehla, a long-standing nonexecutive director of MC Mining, has resigned as a director of the company, effective April 19. He has been a member of MC Mining's board of directors since late 2010 and contributed to the company being positioned to become South Africa's pre-eminent steelmaking hard coking coal producer, the company says.
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Gold Road resumes mining at Gruyere
Published: 19 Apr 24
ASX-listed gold miner Gold Road Resources has announced the resumption of mining and processing operations at the Gruyere gold mine, in Western Australia. In its March 2024 quarterly report, released on April 19, the company said operations at the mine were now being facilitated by transporting consumables through the Northern Territory and Warburton to the east of Gruyere, while repairs continue on the Great Central road – Gruyere’s main supply route from the west.
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Perseus moves to compulsory acquisition of last remaining shares in OreCorp
Published: 19 Apr 24
With ASX- and TSX-listed Perseus Mining now holding a relevant interest of 94.99% of ASX-listed OreCorp’s shares, the company is moving to a compulsory acquisition of the remaining shares it does not own.
Perseus’ offer is closing on April 19, affording remaining shareholders the opportunity to sell their shares at Perseus’ offer price of A$0.575 apiece.
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Renascor signs native title agreement to advance Siviour desalination plant
Published: 19 Apr 24
ASX-listed Renascor Resources has entered into an indigenous land use agreement (ILUA) with the Barngarla Determination Aboriginal Corporation (BDAC) – the registered native title body corporate of the Barngarla People, the traditional owners of land in the area encompassing the upstream portion of Renascor’s proposed vertically integrated Siviour graphite project, in South Australia. Renascor’s proposed upstream mining operation includes desalination plant pipelines that cross native title land within the BDAC’s determination area. The terms of the ILUA provide a cooperative framework between the BDAC and Renascor to respect Aboriginal heritage and support the BDAC community and provide the necessary native title consents to allow Renascor to proceed with its planned construction and operation of a desalination plant to support mining operations.
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Decarbonised iron production possible using sodium, company says
Published: 19 Apr 24
A new process being pioneered by energy companies such as Israel-based Helios and Netherlands-based Alkalium proposes the use of sodium metal rather than coal or hydrogen to refine iron-ore into direct reduced iron (DRI). Traditionally, iron is beneficiated by mixing iron-ore fines with coal. The iron oxide (Fe2O3), when heated in a furnace, undergoes a chemical transformation whereby the oxygen molecules from the Fe2O3 bind with the carbon molecules in the coal, creating carbon dioxide (CO2) as a by-product and leaving pure iron behind.
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G7 still looking at frozen Russian assets to help Ukraine, foreign ministers say
Published: 19 Apr 24
The Group of Seven (G7) major powers are continuing to look at ways to use frozen Russian sovereign assets to help fund support for Ukraine, G7 foreign ministers said on Friday. "As requested by Leaders, we will continue our work and update ahead of the (G7) Apulia Summit (in June) on all possible avenues and feasible options by which immobilized Russian sovereign assets could be made use of to support Ukraine," the ministers said in a statement.
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G7 still looking at frozen Russian assets to help Ukraine, foreign ministers say
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