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Activist investor asks Rio Tinto to give up London listing, FT reports

Published: 23 May 24

A UK-based activist investor has called for Rio Tinto to abandon its London listing and unify its corporate structure in Australia instead, the Financial Times reported on Thursday. Palliser Capital, which has taken up a stake in Rio Tinto, said that the metals and mining behemoth's dual corporate structure is a "barrier to its strategic plans, which made it difficult to do major acquisitions," the FT reported.

Schneider launches local EV charging solution

Published: 23 May 24

Energy management and automation company Schneider Electric has launched a local electric vehicle (EV) charging solution, to cater for African countries’ transition away from fossil fuel-powered cars. The solution, called EVLink, is part of Schneider’s EcoStructure eMobility offering and was developed in response to the lack of supporting infrastructure for EV charging on the continent.

Pakistan coal miners face expansion issue as China stops funding

Published: 23 May 24

Chinese and other major lenders are increasingly reluctant to invest in Pakistan’s expansion of coal mines, according to the head of a local producer. “The real challenge for us is financing,” Amir Iqbal, CEO of Sindh Engro Coal Mining Co., said in an interview in Islamabad, mentioning China among the backers that have withdrawn their support.

Things looking up for Stefanutti following y/y uptick in profits, contract revenue

Published: 23 May 24

JSE-listed multidisciplinary construction group Stefanutti Stocks has reported an improvement in contract revenue to R7.1-billion for the 12 months ended February 29, up from R6.1-billion in the prior financial year. The group also reported an improvement in operating profit from continuing operations from R101-million in the 2023 financial year to R210-million in the year under review.

Green hydrogen must be allowed to decarbonise optimally, Junior Indaba hears

Published: 23 May 24

Green hydrogen must be made cheap enough to decarbonise optimally at a time when the delay in emission reduction needs to be reversed if the world is to hit net zero by 2050. A range of factors need to be aligned relating to policy, technology, the circular economy, social buy-in and primary supply.

Speakers who participated in a Mine Water webinar hosted by Creamer Media.

Speakers highlight focus areas to tackle mine water challenges

Published: 23 May 24

South Africa has made considerable strides in addressing mine water challenges; however, it is imperative that these efforts are bolstered and improved upon, through aligning research with implementation, ensuring that the correct processes are in place and adapting the regulatory environment to be more conducive for the reuse and management of mine water. This was highlighted by speakers participating in Creamer Media’s Mine Water webinar, held on May 22.

Empowering women in energy the intelligent thing to do, says DMRE official

Published: 23 May 24

The Department of Mineral Resources and Energy (DMRE) had been running a five-year Energy Sector Women Empowerment Strategy since 2021, pointed out DMRE deputy director-general Hilda Mhlongo on Thursday. She was delivering the keynote address at the Women in Energy breakfast at the Enlit Africa 2024 conference, at the Cape Town International Convention Centre. “The energy sector is crucial for economic development and sustainability,” she highlighted. But women remained underrepresented in the sector. That was why there was a need for empowerment strategies, to address this imbalance.

PGM prices impact on Tharisa’s first-half profit, but market fundamentals are ‘solid’

Published: 23 May 24

JSE-listed platinum group metals (PGM) and chrome producer Tharisa has reported a 20% year-on-year decrease in net profit after tax, at $38.8-million, for the six months ended March 31, compared with the $54.7-million net profit reported for the six months ended March 2023. The group declared an interim dividend of $0.015 apiece, compared with $0.03 apiece in the prior comparable period.

Gas still has a crucial role to play in South Africa’s energy mix – Kearney

Published: 23 May 24

Gas has an important role to play in South Africa’s energy transition journey, Kearney partner Prashaen Reddy says amid calls for public comments on a draft Gas Master Plan, which was released for comment at the end of April. He notes that the Southern Africa region has had several recent gas finds across Mozambique, South Africa and Namibia, that allow for the development of indigenous resources to drive industrialisation, social development and economic growth.

Technology increasingly being used to improve control, accuracy in logistics value chains

Published: 23 May 24

The freight and transport logistics sectors are seeing ever greater use of technologies in warehouses, as well for stock-picking, consignment loading and delivery checks, among other applications, as the sectors work to automate a range of processes and improve the accuracy of those processes. New capabilities were being created using existing systems that were integrated with new machine learning (ML), image recognition and AI solutions to deliver new insights, capabilities and controls, logistics risk management company Professional Risk and Asset Management group operations director Gerhard van Zyl said.