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RMB arranges R8.45bn sustainability-linked loan for Mediclinic
Published: 21 Sep 21
Hospital operator Mediclinic has refinanced its existing debt through a new R8.45-billion sustainability-linked banking facility – the first of its kind arranged by a bank in Africa. Rand Merchant Bank (RMB), a division of FirstRand Bank, acted as the lead arranger for the transaction.
Photo of an Imperial Logistics truck Sasol, Imperial explore hydrogen options for decarbonising long-haul trucking
Published: 21 Sep 21
South African companies Sasol and Imperial Logistics have entered into an agreement to explore options and solutions for decarbonising heavy-duty long-haul trucking, including through the use of fuel cell electric (FCE) trucks fuelled by green hydrogen. Sasol has already announced its intention to play a leading role in the development of a green hydrogen economy in South Africa, and to produce green hydrogen to help decarbonise hard-to-abate sectors such as freight transportation.
Digital authentication solution wins MTN enterprise app award
Published: 21 Sep 21
The biometric digital authentication and automated onboarding solution of technology company iiDENTIFii has won the Best Enterprise Solution award of the MTN Business App of the Year Awards 2021. While technically complex, the solution assures that an individual is a real person and present at the time of transaction or verification, and that the person’s online identity, in a digital world, is who the person claims to be, says iiDENTIFii co-founder and chief strategy officer Lance Fanaroff.
Ferrochrome prices increase 15.4% for fourth quarter, says Merafe
Published: 21 Sep 21
The European benchmark ferrochrome price for the fourth quarter of 2021 has been settled at $1.80/lb, a 15.4% increase from the third quarter, JSE-listed ferrochrome producer Merafe Resources said on Tuesday. Mining Weekly last month reported that steel production had recovered to prepandemic levels, resulting in robust demand for ferrochrome and chrome ore, and better pricing on both.
An image of Teck's Trial Operations Teck cuts refined zinc output forecast on wildfire impact
Published: 21 Sep 21
Canadian miner Teck Resources cut its forecast for annual refined zinc production on Tuesday, citing an impact on its operations from wildfires in British Columbia. The company projected refined zinc production for 2021 to be in the range of 285 000 t to 290 000 t, down from a previous estimate of 290 000 t to 300 000 t.
DDG Moahloli resigns from Treasury
Published: 21 Sep 21
Tshepiso Moahloli has resigned from her position as the National Treasury’s deputy director-general (DDG) of asset and liability management. The resignation will be official from October 15.
Organisation files climate lobbying resolution for tabling at Sasol AGM
Published: 21 Sep 21
Nonprofit shareholder activism organisation Just Share and investment management company Aeon Investment Management on September 14 co-filed a nonbinding, advisory shareholder resolution with chemicals company Sasol, for tabling at its November 19 annual general meeting. The resolution asks Sasol to improve and expand its disclosure of its direct and indirect climate lobbying, including disclosing the yearly membership fees paid to industry associations which are involved in climate lobbying activities.
Salazar secures mineral title in Ecuador
Published: 21 Sep 21
Emerging miner Salazar Resources has acquired the mineral title to a 1 175 ha property on which it will base the El Potro project for $50 000. The property is based in the Loja porphyry district of Ecuador.
Botswana Diamonds reports positive results from Thorny River drilling
Published: 21 Sep 21
Aim- and BSE-listed diamond explorer Botswana Diamonds (BOD) has successfully completed its nine-hole drilling programme on the Thorny River property in South Africa. The objective was to see if two kimberlite blows – the River and River Extension –  were one contiguous orebody, thus increasing the overall resource and improving the commercial prospects of the project.
Australian miner TerraCom gets debt payment reprieve for fourth time
Published: 21 Sep 21
TerraCom said on Tuesday its bondholders had agreed to a payment delay for the fourth time as the Australian coal miner finalises details of a new refinancing programme. The new three-week extension now sets the bond maturity date for October 8, which was initially due on June 30.
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