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Air passenger demand continues strong growth, reports IATA
Published: 02 May 24
Total air passenger demand grew by 13.8% in March, in year-on-year (y-o-y) terms, the International Air Transport Association (IATA) reports. (IATA is the global representative body for the airline sector.) International demand increased by 18.9% and domestic demand by 6.6%. Total passenger capacity went up by 12.3%, with international capacity rising by 18.8% and domestic capacity increasing by 3.4%. In March, the total load factor came to 82%, which was one percentage point higher than the figure for March 2023. The load factor for international flights was 81.6%, which was a 0.1 percentage point improvement on that for March last year. The domestic load factor was 82.6%, which represented a 2.5 percentage points increase over the March 2023 figure.
Chinese miners see opportunities as BHP’s mega bid unfolds Chinese miners see opportunities as BHP’s mega bid unfolds
Published: 02 May 24
China’s leading metals companies, including its state iron ore buyer, are considering their next moves following BHP Group’s blockbuster $39-billion approach for rival Anglo American, potentially the largest mining deal in over a decade. The world’s top consumer of commodities including copper and iron-ore, China and its regulators play a key role in any global resources combination. In the aftermath of last week’s proposal, its mining companies are still trying to understand the exact configuration of a deal that is still in flux.
Tshipi mine Lower prices impact on Tshipi mine’s profitability in Q3, but operational performance intact
Published: 02 May 24
Despite a 25% quarter-on-quarter and 11% year-on-year decrease in production in the quarter ended March 31, ASX-listed Jupiter Mines’ 49.9%-owned Tshipi é Ntle Manganese Mining subsidiary remains on track to achieve guided full-year volumes of between 3.3-million and 3.4-million tonnes of shipped ore. Quarterly production was 749 598 t.
SA mines get first look at private 5G in action
Published: 02 May 24
Fixed-wireless access provider Comsol has showcased the capabilities of private fifth-generation (5G) infrastructure to South African mining companies at its Midrand premises to demonstrate multiple indoor and outdoor use cases, with clients actively involved in the tests. Hosting immersive, practical private client days for the industrial and mining sectors, Comsol opened the doors for teams from various local mines to experience the potential and use cases of the relatively new technology in person.
CMB CEO Alexander Saverys Shipping tycoon sees first Namibia hydrogen output by year-end
Published: 02 May 24
Cie Maritime Belge (CMB), a Belgian shipping company, expects green hydrogen production in Namibia to start in the fourth quarter, a project that could see $3.5-billion in investment over the next five years. Belgium’s King Philippe is on Thursday touring what’s expected to be Namibia’s first operating green hydrogen plant. The Antwerp-based shipping company seeking to power its fleet plans to open the first stage of the hydrogen fuel and ammonia project through a joint venture with Namibia’s Ohlthaver & List Group.
Alrosa says output stable amid Western sanctions Alrosa says output stable amid Western sanctions
Published: 02 May 24
Russian diamond miner Alrosa has no plans to reduce production amid tougher Western sanctions, its CEO Pavel Marinychev said on Thursday. The Russian finance ministry said last month that Russia will regularly buy diamonds from the sanctions-hit producer through a state fund, suggesting that Western restrictions on the country's diamond exports may be having some impact.
AMSA's Vanderbijl Park facility with open ground in the foreground AMSA expects to break ground on Vanderbijlpark’s 200 MW solar plant this year
Published: 02 May 24
Steelmaker ArcelorMittal South Africa (AMSA) is planning to start construction on a 200 MW solar photovoltaic (PV) power plant at its Vanderbijlpark facility, in Gauteng, towards the end of the year, CEO Kobus Verster has told Engineering News. He explained that the installation would serve as one of AMSA’s first steps towards decarbonising the company’s energy requirements.
Pan American to sell La Arena stake to Zijin Pan American to sell La Arena stake to Zijin
Published: 02 May 24
NYSE- and TSX-listed Pan American Silver on Wednesday announced the sale of its interest in LA Arena in Peru to a subsidiary of Zijin Mining for up to $295-million. “With the sale of La Arena, we continue to deliver on our strategy to optimise our portfolio, following the Yamana transaction, while maintaining future upside through the retention of royalties,” said president and CEO Michael Steinmann.
IATA reports continued strong air cargo growth in March
Published: 02 May 24
The International Air Transport Association (IATA) has reported that March was the fourth month in a row in which global air cargo demand grew by double digits, in year-on-year (y-o-y) terms. IATA was the global representative body for the airline (including air cargo) industry. “Air cargo demand grew by 10.3% over the previous March,” highlighted IATA director-general Willie Walsh. “This contributed to a strong first quarter performance which slightly exceeded even the exceptionally strong 2021 first quarter performance during the Covid crisis. With global cross-border trade and industrial production continuing to show a moderate upward trend, 2024 is shaping up to be a solid year for air cargo.”
Stillwater Critical Minerals raised C$3.89m in oversubscribed placement
Published: 02 May 24
TSX-V-listed Stillwater Critical Minerals has successfully completed C$3.89-million in a nonbrokered placement, surpassing expectations with a 55% oversubscription. Commodities powerhouse Glencore spearheaded the placement, with a substantial $2.1-million order.
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