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NamPower grid-strengthening and battery storage project secures $138.5m World Bank backing

Published: 07 May 24

The World Bank has approved a $138.5-million finance package to support the integration of renewable energy into Namibia’s electricity system by strengthening its transmission grid and integrating a second utility scale battery storage system into the country’s network. The initiative, which is Namibia’s first-ever World Bank financed energy project, will be implemented by NamPower, with the aim of minimising outage risks, supporting load growth, and unlocking future opportunities for power trade in the Southern African Power Pool.

Kore Potash to list on the A2X

Published: 07 May 24

Mineral exploration and development company Kore Potash will list its shares on South Africa’s A2X Markets, with its shares to be available for trade on the exchange from May 14. It is already listed on the LSE’s Aim market, the JSE and the ASX and these listings will remain unaffected by its secondary listing on A2X.

Amazon launches online shopping service in South Africa

Published: 07 May 24

Amazon launched its online shopping service in South Africa on Tuesday, challenging a number of online retailers dominated by Naspers' Takealot.com. Africa's most advanced economy is usually seen as a good entry point for companies to expand into the continent and Amazon could be doing the same, analysts have said in the past.

BHP insists Anglo American's South African assets must go in any takeover, sources say

Published: 07 May 24

BHP's plan to divest the South African assets of its target Anglo American are key to the strategy behind the proposed takeover and is expected to be a part of any revised offer, investors briefed on the miner's thinking said. The "Big Australian" was rebuffed by its smaller rival on April 26 after submitting a $39-billion takeover proposal, in a plan seen as complex because it required Anglo to offload its shares in Kumba Iron Ore and Anglo American Platinum (Amplats) to Anglo American's shareholders before any deal took place.

Silver Hammer pulls the plug on Shafter project purchase

Published: 07 May 24

Junior resources company Silver Hammer Mining has called off its definitive share purchase agreement with Aurcana Silver concerning the Shafter deposit, in Texas. Silver Hammer CEO Peter Ball said the decision followed an extensive evaluation of the Shafter mine alongside a team of mine builders, silver explorers and capital market experts.

MTN achieves record 98% network availability in Limpopo

Published: 07 May 24

As telecommunications giant MTN South Africa accelerates its nationwide modernisation programme, the company has achieved a record 98.33% network availability daily in Limpopo. The 2024 resilience plan, which was completed in the first quarter of 2024, aims to ensure that all sites have power backup, such as batteries or hybrid generators, on hub sites to minimise network unavailability during loadshedding, load reduction and extended power failures.

Patriot discovers new high-grade zone

Published: 07 May 24

Dual-listed Patriot Battery Metals has announced the discovery of a new high-grade zone at the CV13 spodumene pegmatite following the recently completed winter drill programme at Corvette, in Quebec. The CV13 spodumene pegmatite is located about 3 km west-southwest of the CV5 spodumene pegmatite, which hosts a maiden mineral resource estimate of 109.2-million tonnes at 1.42% lithium oxide (Li2O)inferred.

Rescue workers at the site of a building collapse in George, in the Western Cape

Dozens trapped in building collapse in South Africa

Published: 07 May 24

Rescuers searched through the debris of a multi-storey building collapse in the South African city of George that left four people dead and dozens still trapped early on Tuesday. Twenty-four construction workers who were at the site of the unfinished building when it collapsed have been removed from the rubble so far, while 51 remained unaccounted for, the municipality of George, a coastal city east of Cape Town, said in a statement.

St Barbara harnesses AI to boost production at Simberi mine

Published: 07 May 24

Australian mining company St Barbara is set to increase its production at the Simberi mine over the next three years, following the successful use of artificial intelligence- (AI-) based algorithms to better classify mineralisation. Collaborating with Stratum AI has helped St Barbara to identify carbon-in-leach (CIL) treatable sulphides that would previously have been considered unsuitable for the current CIL circuit.

20MW solar array at the Bellevue gold project

Bellevue accelerates next leg of growth strategy

Published: 07 May 24

Western Australian miner Bellevue Gold has initiated expansion studies at its namesake gold project, in Western Australia, following the successful commissioning and ramp-up of the new mine. Bellevue, which has also declared commercial production, produced 37 338 oz in the March quarter, putting the company on track to achieve its guidance of 75 000 oz to 85 000 oz for the six months to June 30.