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PIC OF AECI CEO Mark Dytor AECI delivers strong performance as trading environment normalises post-Covid Has Video
Published: 28 Jul 21
Diversified chemicals company AECI delivered a strong performance for the six months to June 30. The trading environment began to normalise during the second half of 2020 following the world’s recovery from the initial waves of Covid-19 infections. This improvement trend continued into this year, but CEO Mark Dytor on July 28 noted that the recovery “has not occurred at the same rate internationally and across all sectors of activity” for the company.
Higher basket price, sales volumes to lift Implats’ full-year earnings
Published: 28 Jul 21
JSE-listed platinum group metals (PGMs) producer Impala Platinum (Implats) reports that a significant increase in the dollar basket price for PGMs, together with higher sales volumes of platinum, palladium, ruthenium, rhodium, iridium and gold (6E), resulted in higher revenue and improved profitability for financial year ended June 30. Consequently, Implats is expecting headline earnings and headline earnings a share for the period to increase by at least 20%, from the R16-billion and R20.75 reported for the year ended June 30, 2020, to at least R19.2-billion and R24.90, respectively.
Photo of a PPC plant Tariff application with Itac, waiting for cement designation to be gazetted – PPC
Published: 28 Jul 21
The domestic cement industry is awaiting response from the International Trade Administration Commission of South Africa (Itac) on its application for tariffs to be levied on imported cement from certain Asian countries, says PPC Southern Africa MD Njombo Lekula. “The application is with Itac. We have completed all the requirements as cement producers and we are awaiting government’s response.”
Caledonia highlights 99% local employment in ESG report
Published: 28 Jul 21
In its inaugural environment, social and governance (ESG) report covering its 2020 operational performance at its Blanket mine, in Zimbabwe, London-listed Caledonia Mining Corporation has highlighted some of its key achievements. These include that 99% of its 1 671 employees and contractors originate from Zimbabwe, the majority of whom live in a dedicated mine village, while 25% of suppliers were from Zimbabwe.
McCain Foods potatoes Potatoes South Africa, McCain warn of looming potato dumping threat
Published: 28 Jul 21
Industry association Potatoes South Africa (PSA) has highlighted the imminent threat looming for the local potatoes industry, considering the recent lapse of antidumping duty protection. South Africa has long been considered a prime destination for dumping below-cost frozen processed potato products, particularly from the Netherlands and Belgium, states PSA.
Papillon plans to also list on the Nairobi Securities Exchange
Published: 28 Jul 21
Papillon Holdings, which will be renamed Caracal Gold, has appointed Kenya-based Faida Investment Bank as its financial adviser and joint broker, in relation to a proposed listing of the company on the Nairobi Securities Exchange (NSE). This follows the publication of its prospectus on July 20 relating to the readmission of the company's ordinary shares to the standard listing segment of the Official List of the Financial Conduct Authority and to trading on the main market of the LSE.
An image of Sam Walsh Ex Rio Tinto chief Walsh joins Aboriginal group's board
Published: 28 Jul 21
Sam Walsh, a former CEO of Rio Tinto, has joined the board of an Aboriginal group on whose traditional lands in Western Australia Rio Tinto and BHP Group have operations. The appointment announced by Banjima Native Title Aboriginal Corporation on Tuesday comes after a particularly fraught period in relations between traditional land owners and Australia's powerful mining companies. The outcry over Rio's destruction of the rock shelters at Juukan Gorge in Western Australia state last year led to a national inquiry and a review of heritage agreements struck between miners and the traditional owners.
An image of Cameco CEO Tim Gitzel Demand for traditional and nontraditional nuclear power growing – Cameco
Published: 28 Jul 21
Uranium major Cameco is excited about the future of nuclear power generation, CEO Tim Gitzel said on Wednesday, stating that demand for both traditional and nontraditional uses of nuclear power was growing as the focus on electrification took hold. The vertically integrated company believes it has the right strategy to support the global clean-air transition and is exploring emerging opportunities in the fuel cycle to contribute to global climate change solutions.
Bluejay to sell Finnish assets to dedicated battery metals firm
Published: 28 Jul 21
Greenland-focused explorer and developer Bluejay Mining has announced the proposed sale of two projects in Finland to a dedicated battery metals group in which it will become a significant shareholder. Bluejay has signed a binding term-sheet and entered into a conditional agreement for the sale of its Paltamo and Rautavaara projects nickel/zinc/copper/cobalt projects in Finland to Metals One for a combination of cash and shares totalling £4-million.
Image of Resources Watch Show Resources Watch Has Video
Published: 28 Jul 21
This week: Extremely strong demand for platinum bar and coin; Exploration trailblazer Orion cracks retail investor code with 14 000-plus SA backers; and, Mine achieves massive earnings boost after employing four more people
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