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Steady increase in demand for MyCiTi bus service
Published: 17 May 24
The latest audited statistics on MyCiTi ridership in and around Cape Town show that there is an increasing demand for the bus service. “It took some time for the service to settle in again after the Covid-19 pandemic, and for operations to return to normal,” says City of Cape Town Urban Mobility MMC Rob Quintas.
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United Airlines is committed to net-zero carbon emissions flying by 2050
Published: 17 May 24
US-based global major carrier United Airlines is committed to achieving net-zero carbon emissions by 2050, its Director Sales: Continental Europe, India, Israel, Africa & Middle East Thorsten Lettnin, assures Engineering News, in an exclusive interview. (Net-zero emissions is not the same thing as zero emissions; in general terms, net zero means that carbon emissions into the atmosphere are balanced by carbon being removed from the atmosphere; as far as the airline industry is concerned, it means ensuring that its carbon emissions in 2050 are no greater than they were in 2019, despite the ongoing massive expansion (100%, every ten years) in the sector.) “We’re heavily into sustainability,” he affirms. “This is really close to our hearts. We are a founder-member of the First Mover Coalition, a grouping of major US corporations committed to cutting their carbon footprints.”
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China's April coal output falls to lowest level since Oct 2022
Published: 17 May 24
China's coal production in April fell to its lowest level since October 2022, statistics bureau data and Reuters records showed on Friday, as continuing mine safety inspections curbed output.
Output was 371.67-million metric tons last month, down 2.9% from a year earlier, according to the National Bureau of Statistics. That was also down 7% from March.
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Petra weathers lower diamond prices in latest tender
Published: 17 May 24
Independent diamond miner Petra Diamonds’ sixth tender cycle for the 2024 financial year yielded $44-million from the sale of 371 000 ct. CEO Richard Duffy says like-for-like prices were marginally down through this seasonally quiet period, being 2.6% lower than for Tender 5, with demand slightly muted owing to Indian holidays and the continued slow recovery in the Chinese market.
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BHP needs to bid about £32 a share for Anglo, JPMorgan says
Published: 17 May 24
HP Group would need to boost its latest offer around 30% to reflect fair value for Anglo American and its key copper assets, JPMorgan analysts said in a note.
They raised their price target for London-listed Anglo to £27.75 a share after reexamining the value of its copper assets, and said the discount for the shares to the implied value of BHP's offer was at its greatest level, implying the market sees a deal as unlikely.
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Altron expects double-digit earnings increases from continuing operations
Published: 17 May 24
JSE-listed Altron expects to deliver higher earnings from continuing operations for the year ended February 28, 2024. In a revised trading statement on Friday, Altron said that its headline earnings per share (HEPS) for continuing operations are expected to be 35% to 38% higher, at between 115c and 117c in 2024, from the reported 85c in 2023.
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China’s top copper miner to ramp up output as supply risks mount
Published: 17 May 24
China’s leading copper miner raised its output guidance at a time when prices have been rallying toward a record on expected deficits.
Zijin Mining Group aims to boost mined copper production to 1.22-million tons in 2025, up 4% from a previous target, according to a filing to the Shanghai Stock Exchange late Thursday. Output for 2028 would surge to between 1.5-and 1.6-million tons, it said, which would be up about 50% from 2023.
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NCOP votes to pass Electricity Regulation Amendment Bill
 Published: 17 May 24
Engineering News editor Terence Creamer discusses the significance of the National Council of Provinces' (NCOP's) vote to pass the Electricity Regulation Amendment Bill; if the Bill is likely to face any opposition; and what further actions can be expected once the Bill becomes law.
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Greater man/machine collaboration needed as AI, automation evolve – Cawood
Published: 17 May 24
In the new world of digitised and automated mining that is headed towards increased dependence on AI to solve problems and facilitate complex processes, University of the Witwatersrand (Wits) School of Mining Engineering Professor Fred Cawood has warned against an overreliance on such technologies without human checks and balances in place. “If you find yourself in a space where you can't perform a certain activity, you will have to get the experts to help you because we can get it seriously wrong with automation if we do not understand the risks involved. So, thou shalt not automate that which thou cannot do thyself,” he said at the Mind Shift conference hosted by Mine Equipment Manufacturers of South Africa, in Sandton, on May 16.
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Coega green ammonia project, South Africa – update
Published: 17 May 24
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Published: 17 May 24
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Published: 17 May 24
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Minerals, Geoscience councils, IDC going all out to boost South African exploration
Published: 17 May 24
A collective effort was apparent on Friday when Minerals Council South Africa, the Council for Geoscience and the Industrial Development...
ESG key as investors back gold ETPs, metals funds – Tabula
Published: 17 May 24
Gold exchange-traded products (ETPs) and metals funds are expected to benefit the most from positive flows into the commodities sector this year,...
