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UIF allocates R5.3bn for TERS unrest benefit – Nxesi
Published: 28 Jul 21
The Unemployment Insurance Fund (UIF) has set aside R5.3-billion for the new Temporary Employer/Employee Relief Scheme (TERS) benefit to help employees and employers negatively impacted by the civil unrest in KwaZulu-Natal and parts of Gauteng in mid-July, Employment and Labour Minister Thulas Nxesi confirmed on July 28. TERS is designed to assist companies who are temporarily in distress, but with a plan in place to turn the business around within 6 to 12 months.
Transnet Port Terminals' Navis operational
Published: 28 Jul 21
State-owned Transnet Port Terminals (TPT) on July 28 said its Navis customer links were now fully operational at all container terminals. "All stakeholders are expected to fully use the Navis system, with the only exception being the Ngqura and Port Elizabeth Container Terminals that will communicate the transition to the Navis system shortly," TPT said.
Numsa rejects Seifsa’s wage offer
Published: 28 Jul 21
The National Union of Metalworkers of South Africa (Numsa) has declared a deadlock in wage negotiations with the Steel Federation of Southern Africa (Seifsa). Seifsa and labour unions Numsa, Solidarity and Uasa on July 28 continued with negotiations over the proposed 4.4% wage increase offer.
Photo of Finance Minister Tito Mboweni Tax from ‘resilient’ mining sector underpins R38.9bn post-riot relief package
Published: 28 Jul 21
Tax revenues from South Africa’s high-flying mining industry have provided the financial underpin for a new R38.9-billion relief package unveiled by Finance Minister Tito Mboweni on Wednesday to support businesses devastated by recent looting and property destruction and to provide ongoing relief to workers and citizens negatively affected by Covid-19 lockdowns. The package includes R36.2-billion of fresh spending and tax relief and a further R2.7-billion to be be sourced from the reprioritisation of budgets at the Department of Trade, Industry and Competition (DTIC) and the Department of Small Business Development (DSBD).
Power Metal exercises option to acquire Tati gold/nickel project in Botswana
Published: 28 Jul 21
Aim-listed Power Metal Resources has exercised its option to acquire a 100% interest in two gold/nickel exploration licences located within the Tati Greenstone Belt, near Francistown, Botswana, through its local wholly owned operating subsidiary Power Metal Resources Botswana. "The Tati Greenstone Belt is an ancient Archaean greenstone belt in the east of Botswana towards the Zimbabwe border. Francistown and its surrounding area were the site of the first Southern African gold rush in the nineteenth century, and have not had extensive modern exploration,” Power Metal CEO Paul Johnson explains.
Glencore starts vaccinating South African staff
Published: 28 Jul 21
Diversified miner Glencore Operations South Africa has started vaccinating its staff members who are 50 years and older.  The company has already managed to reach hundreds of employees with its vaccine rollout, which started on the morning of July 12, at the Waterval East mine, near Rustenburg.
An image of solar PV panels being installed SAPVIA calls for clarity on local content requirements
Published: 28 Jul 21
The South African Photovoltaic Industry Association (SAPVIA) is calling for immediate clarity from the Department of Trade, Industry and Competition (DTIC) about its approach to localisation, specifically in the South African solar photovoltaic (PV) sector. The DTIC and the National Treasury have stipulated minimum thresholds for local content across several sectors – including solar PV components – with the intent being to encourage local manufacturing and, ultimately, industrialisation in South Africa.
Alphamin drilling programmes at Mpama North, South mines to provide ‘excellent synergies’
Published: 28 Jul 21
Tin miner Alphamin Resources has received additional high-grade assay results from its Mpama South exploration drilling programme, while simultaneously starting its life-of-mine extension drilling at the high-grade Mpama North mine, in the Democratic Republic of the Congo. Alphamin has, so far, completed 12 300 m of the planned 16 800 m of the drill programme at Mpama South, while Mpama North’s 15 350 m drilling programme has just begun.
Picture of Natascha Viljoen from Creamer Media files. Computing, food tech among many new PGM opportunity areas ­– Anglo Platinum Has Video
Published: 28 Jul 21
The computing world is an opportunity area for platinum group metals (PGMs), along with food technology, alloy development, medical advance, waste control, battery and storage  – and that is on top of the now much-celebrated and pervasive green hydrogen feedstock phenomenon. JSE-listed Anglo American Platinum (Amplats) is working on progressing PGMs development in new end-use sectors that make use of the full basket of PGMs – above and beyond the hydrogen economy, where major PGMs demand is already embedded.
First Quantum shelves stake sale for Zambia copper mines First Quantum shelves stake sale for Zambia copper mines
Published: 28 Jul 21
Canadian copper miner First Quantum Minerals has shelved plans to sell a stake in its Zambian copper mines, COO Tristan Pascall said on Wednesday. China’s Jiangxi Copper Co had been speculated as a potential suitor for minority interests in First Quantum’s Kansanshi and Sentinel mines. Benchmark copper has pulled back after reaching a peak of $10 747.50/t in May, hit by concerns about a resurgence of the pandemic, the potential for central banks to taper stimulus and China's sale of strategic reserves due to concerns about rising raw material prices.
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