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Nel spin-off company Cavendish Hydrogen applies for listing in Norway

Published: 31 May 24

Cavendish Hydrogen, which is being spun out of Norwegian fuel cell company Nel’s fuelling division, has applied for its shares to be listed on the Oslo Stock Exchange. The spin-off and listing are still subject to satisfaction of certain conditions, including approval by the stock exchange and the Financial Supervisory Authority of Norway.

Marula signs offtake agreement with Fujax for Larisoro manganese

Published: 31 May 24

AQSE-listed Marula Mining has signed a sales and offtake agreement with UK-based commodities trading group Fujax for manganese ore production from the Larisoro manganese mine in Samburu, Kenya. The agreement is for an initial 2 000 t of manganese ore, which is to be delivered by no later than July 1.

Katoro prioritised Tanzania project development in 2023

Published: 31 May 24

Aim-listed Katoro Gold prioritised resource development at its Haneti project, in Tanzania, during the year ended December 31, 2023, owing to it being mindful of funding constraints. Early in the year, Katoro successfully raised £150 000 (gross), which was used for ongoing working capital and to conclude the project assessment process.

cidb introduces three new categories in awards for women in construction

Published: 31 May 24

The Construction Industry Development Board (cidb) has introduced three new categories in the 2024 Empowerment and Recognition of Women in Construction (Erwic) Awards. Entries for the awards opened on May 30 and will close on June 28.

Indonesia to issue copper export permits for Freeport, Amman

Published: 31 May 24

ndonesia will issue copper concentrate export permits for miner Freeport Indonesia and Amman Mineral Internasional, a trade ministry official said on Friday, ensuring that exports by both companies would not be disrupted. Freeport's and Amman's current export permits expire on Friday.

Champion Iron reports higher profit

Published: 31 May 24

Quebec iron-ore miner Champion Iron has reported a robust revenue and net income performance for the year ended March 31, 2024. Despite facing challenges due to lower selling prices and logistical issues, the company achieved significant financial growth. The ASX- and TSX-listed company announced a 9% increase in revenue, reaching C$1.5-billion in the 12 months through to March. Net income grew by 17% to C200-million.

Hope and angst grip South African markets as coalition era dawns

Published: 31 May 24

Election results from South Africa have left investors swinging between anxiety over the different permuations that coalition may take and lingering hopes that whatever it is will result in a market-friendly government. Before the vote, investors were bullish, confident the ruling African National Congress would secure enough votes for a coalition with a smaller party. That drove gains in the rand and the nation’s other assets.

DMRE again delays bidding deadlines for procurement of new renewables and battery storage

Published: 31 May 24

The Department of Mineral Resources and Energy (DMRE) has confirmed another extension to the bid submission deadlines for the current renewables procurement round, as well as the second battery storage bidding round. The deadline for Bid Window Seven (BW7) of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) which had already been moved from April 30 to May 30, has been extended to August 15.

Probe raises C$15m for exploration

Published: 31 May 24

Exploration and development company Probe Gold has announced a C$15-million bought-deal private placement to fund exploration and development at Canadian projects. The Toronto-listed firm will offer 2.07-million non-flow-through shares at C$1.21 each for C$2.5-million and 6.31-million shares at C$1.98 a share for C$12.5-million.

How it’s made: A new Ford Ranger every two minutes

Published: 31 May 24

Ford’s Silverton manufacturing plant, in Pretoria, is one of five global manufacturing hubs for the Ranger bakkie. The plant is able to produce up to 200 000 vehicles a year and, based on three-shift 24-hour production, it is capable of producing up to 720 vehicles a day – or one vehicle every two minutes.