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AngloGold inks Tanzania farm-in deal with EcoGraf
Published: 23 May 24
Gold mining company AngloGold Ashanti has signed a $9-million, five-year farm-in agreement with ASX-listed junior EcoGraf for the exploration of gold at the Golden Eagle project, in Tanzania. Located on the easter-margin of the Archean Lake Victoria goldfields, the Golden Eagle project is in the same structural corridor as the historical 3.4-million-ounce Golden Pride mine that Resolute Mining operated.
Transnet train TFR operating company head raises concern over ‘high tariff’ signalled in draft Network Statement Has Video
Published: 23 May 24
Transnet Freight Rail (TFR) CEO Russell Baatjies has added his voice to industry-wide concerns being expressed about the high rail tariffs that would arise should the methodology included in a draft Network Statement be implemented. The Network Statement was released for public comment in March by Transnet’s interim Infrastructure Manager (TRIM), which is being separated from the Transnet Freight Rail Operating Company, or TFROC, which Baatjies oversees.
madison drilling campaign at Khan Madison begins drilling at Namibian uranium project
Published: 23 May 24
Toronto-based Madison Metals has started its maiden 2024 drill programme at the Khan project at Madison West in Namibia’s Erongo uranium province.  In April, the company announced that it had embarked on a mapping programme ahead of the drill programme, which consisted of infill geological mapping, along with ground scintillometer and spectrometer surveys over several Anomaly 5 drill targets.
Image of Eskom Transmission CEO Segomoco Scheppers Plans for acceleration of Eskom’s transmission expansion falling into place – Scheppers
Published: 23 May 24
Eskom Transmission CEO Segomoco Scheppers says he believes the “pieces are falling into place” that will allow the power utility to “ramp up and move faster” in expanding the country’s constrained power grid. Grid expansion will enable Eskom and independent power producers to bring much-needed new generation capacity online.
Russia's Nornickel board proposes no dividend for 2023 results
Published: 23 May 24
The board of Russian metals and mining giant Nornickel recommended no dividend on its 2023 results, a year when the company faced significant pressure from sanctions restrictions and geopolitical challenges, Nornickel said on Thursday. Disagreements on dividends have for years been the main reason for on-and-off rows between Nornickel's main owners, CEO and largest shareholder Vladimir Potanin and aluminium producer Rusal.
Rio Tinto CEO Jakob Stausholm Activist investor asks Rio Tinto to give up its primary London listing
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.
EV illustration 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 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.
Stefanutti CEO Russell Crawford 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.
Hugo Pienaar. Green hydrogen must be allowed to decarbonise optimally, Junior Indaba hears Has Video
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.
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