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Image of Goodyear South Africa (SA) MD Paul Gerrard

Goodyear South Africa appoints new MD

Published: 07 May 24

Goodyear South Africa (SA) has appointed Paul Gerrard as its new MD, starting from May 1. Gerrard takes over from Richard Fourie, who led the company for two years.

Image of Naamsa | The Automotive Business Council chief trade and research officer Dr Norman Lamprecht

Auto exports soar to new record; shift to EVs sees drop in catalytic converter numbers

Published: 07 May 24

Despite a tough domestic economy undermining a recovery in new-vehicle sales to pre-pandemic levels, record vehicle exports in 2023 ensured that the South African automotive sector still managed to outperform the rest of the manufacturing sector, says Naamsa | The Automotive Business Council chief trade and research officer Dr Norman Lamprecht. The value of vehicles and automotive components exported from South Africa last year increased by R43.5-billion, or 19.1%, from the R227.3-billion recorded in 2022, to a record R270.8-billion – taking it to 14.7% of total South African exports.

Avanti appoints mining veteran Jonah as chair, acquires gold prospect in Botswana

Published: 07 May 24

Canada-listed Avanti Gold has appointed Sir Samuel Jonah director and chairperson of the company, at a time when the company explores a stretch of newly acquired prospective terrain in Botswana. Jonah has made valuable contributions to the mining sector in Africa, including as former president of gold miner AngloGold Ashanti and having served on the boards of companies such as Moto Gold Mines, Vodafone Group, Standard Bank Group, Roscan Gold and Bank of America Corporation’s Global Advisory Council.

Glencore sells stake in Peru zinc miner Volcan

Published: 07 May 24

Swiss-headquartered Glencore has announced a definitive agreement to sell its stake in Volcan Compañia Minera to a subsidiary of Integra Capital. Transition Metals will pay Glencore $20-million for a stake in Volcan, which mines zinc, lead and silver in Peru.

Kefi progressing Ethiopian gold project towards launch

Published: 07 May 24

Aim-listed Kefi Gold and Copper has reported good progress, to schedule, at its high-grade Tulu Kapi gold project in Ethiopia. The remaining finance syndicate board processes are on track for final (conditional) approvals during May, while project launch preparations have started at Tulu Kapi.

World Bank suggests actions for lower-emission agricultural land use

Published: 07 May 24

The World Bank has outlined in a report the actions that every country can take to make the global agrifood system more sustainable and achieve markable reductions in greenhouse-gas (GHG) emissions. The bank says the world is faced with a largely misunderstood reality in that the system that feeds us is also feeding the planet’s climate crisis.

South Deep gold output well down as Gold Fields implements recovery plan

Published: 07 May 24

With first-quarter gold production down 34% at South Deep gold mine, Gold Fields is focusing on setting up the well-endowed long-life Gauteng operation for longevity, quality ounces and sustainable production increases. The challenging quarter of the bulk mechanised mine near Westonaria, west of Johannesburg, which has been built to extract one of the world’s largest gold deposits, is focusing the resolve of the Johannesburg- and New York-listed Gold Fields to increase backfill tipping points, increase long-hole stope drilling and improve ventilation, road conditions and service utilities underground.

Attacq subsidiary acquires remaining 20% stake in Mall of Africa

Published: 07 May 24

JSE-listed real estate investment trust (Reit) Attacq’s 70% held subsidiary, Attacq Waterfall Investment Company (AWIC), has acquired the remaining 20% stake in Mall of Africa from the Atterbury Group. AWIC already held an 80% stake in the asset.

South African unions urge Anglo shareholders to reject BHP bid

Published: 07 May 24

South Africa’s biggest labour union federation urged local shareholders, including the powerful Public Investment Corporation (PIC), to oppose BHP Group’s bid to buy Anglo American. The Congress of South African Trade Unions (Cosatu), which includes the National Union of Mineworkers (NUM) among its members, said a deal wouldn’t be in the national interest. South African shareholders hold about 26% of Anglo, with the PIC owning 8.4%, according to data compiled by Bloomberg.

Panthera restructures ownership of Mali, Nigeria projects

Published: 07 May 24

Aim-listed Panthera Resources has entered into definitive agreements with DFR Gold and Maniger to restructure Panthera’s ownership interests in the Kalaka gold project, in Mali, and the Paimasa, Dagma and Dext gold projects, in Nigeria. Following completion of the restructuring, Panthera will own 100% of Maniger and, consequently, increase its relevant interest in the Kalaka project from 40% to 80%.