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Michelin research shows how transporters can reduce total cost of ownership
Published: 10 May 24
Tyre manufacturer Michelin has launched its latest research focused on total cost of ownership, which is aimed at shifting the mindsets of South African transporters to run more efficient and sustainable fleets. The ‘2023 Decarbonising South Africa’s Transport Sector’ outlines that transport is the third-largest emitting sector in South Africa, with almost 55-million tonnes of CO2 emissions, contributing more than 10% to the country's national gross emissions.
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Michelin research shows how transporters can reduce total cost of ownership
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Hard disk drive demand rebound holds opportunities for platinum – council
Published: 10 May 24
The market for hard disk drives (HDDs) is showing signs of a rebound after almost two years of decline, as the rapid growth in machine learning and AI are driving the need for expanded data storage, industry organisation the World Platinum Investment Council (WPIC) points out, also highlighting the relevance of this for the platinum industry. According to Forbes, total HDD unit shipments in the last quarter of 2023 were up just under 1%, marking a turnaround in HDD demand, which had been in quarterly decline since the first quarter of 2022, the council says.
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Hard disk drive demand rebound holds opportunities for platinum – council
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Air freight leads recovery in logistics sector in March – Ctrack index
Published: 10 May 24
After a notable decline in the first two months of the year, the Ctrack Transport and Freight Index (Ctrack TFI) in March increased to an index level of 119.7. This is an increase of 1.1% compared with February, and just marginally up on a year ago.
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Air freight leads recovery in logistics sector in March – Ctrack index
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South Deep, Rietberg, mineral exploration make headlines
 Published: 10 May 24
Mining Weekly Editor Martin Creamer discusses developments around Gold Fields’s potential wind energy project at the South Deep Gold Mine; Copper360's Rietberg underground copper mine opening three months ahead of schedule; and South Africa’s economy can benefit quickly from getting mineral exploration going at pace.
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Froneman confident PGM prices will rebound once temporary decline abates
Published: 10 May 24
Multinational mining and metals processing group Sibanye-Stillwater CEO Neal Froneman remains confident that the platinum group metals (PGM) price outlook is fundamentally positive and that the price gouging of late was merely a temporary phenomenon. “Our view that the fundamental outlook for PGMs is positive is unchanged, with little evidence of a systemic change in the market fundamentals to justify the price collapse observed during 2023.
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DRDGOLD posts lower third-quarter output, but higher earnings
Published: 10 May 24
JSE-listed gold recovery company DRDGOLD has generated higher adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) for the quarter ended March 31, compared with the same quarter of last year, despite having produced slightly fewer ounces.
Adjusted Ebitda in the reporting quarter of R494-million, or $26.2-million, compares with adjusted Ebitda of R441-million, or $23.5-million, in the prior comparable quarter.
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Iamgold guidance on track as Essakane and Westwood shine
Published: 10 May 24
Canadian gold miner Iamgold has announced a promising start to the year, reporting robust results across its operations and projects in the first quarter, positioning the company well to meet its guidance targets.
CEO Renaud Adams attributed the first-quarter success to the combination of stable operations and favourable grade reconciliation at the Essakane mine, in Burkina Faso, coupled with Westwood, in Canada, achieving its highest quarter of production since mining restarted in 2021.
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Sibanye reports lowest serious injury rate in its history for the first quarter
Published: 10 May 24
JSE- and NYSE-listed Sibanye-Stillwater has reported its lowest group serious injury frequency rate (SIFR) in its history for the first quarter, ended March 31. The SIFR of 2.19 was 15% lower than the first quarter of last year and marked the third consecutive yearly improvement for the group’s SIFR since the first quarter of 2021, when it stood at 4. “The continued improvement in the group safety performance year-on-year is pleasing, confirming that our safety strategy continues to gain traction and that we remain on track for a further reduction of risk for all safety incidents,” Sibanye CEO Neal Froneman said in the group’s first-quarter operating update on May 10.
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Just Energy Transition 2024: Investing in the future
Published: 10 May 24
Amid the global transition from fossil fuels to renewable sources, Creamer Media’s ‘Just Energy Transition 2024: Investing in the future’ report underscores the urgent need for this shift to be fair and equitable, ensuring all stakeholders share in both costs and benefits. South Africa's heavy reliance on coal necessitates a commitment to lower emissions driven not only by international obligations but also by domestic concerns, including the looming threat of severe temperature increases. However, achieving this transition presents significant challenges.
The report contextualises the Just Energy Transition (JET) in the context of South Africa's persistent electricity supply deficit, which has led to severe loadshedding in recent years, potentially impeding the move away from coal-fired electricity. Despite the government’s draft Integrated Resource Plan 2023 indicating a rapid increase in renewable energy deployment through public and private procurement, coal will continue to play a significant role in electricity generation.
Delving into the intricacies of South Africa's electricity sector, the report highlights the pivotal role of independent power producers, renewable-energy programmes, and the necessity for restructuring and legislative changes. Additionally, it examines how the energy transition intersects with other sectors such as mobility and mining, emphasising the importance of employment and skills development in facilitating a just transition. The report offers valuable insights into the challenges, opportunities and potential benefits associated with a just energy transition.
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Lucara achieves solid quarter at Karowe, underground expansion progressing
Published: 10 May 24
Diamond miner Lucara Diamond Corp’s Karowe diamond mine, in Botswana, delivered another solid operational quarter ended March 31, and the company’s high-value diamond production forecast remains robust, underpinned by its focus on operating practices, CEO and president William Lamb says. Work on the underground expansion project at Karowe also progressed well during the quarter, the company points out.
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Just Energy Transition 2024: Investing in the future
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Africa Mining Projects in Progress 2024
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Iron-Ore 2023/24: Bracing for change
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Platinum Group Metals 2023: Crucial Element in the Energy Transition
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Akkuyu nuclear power plant project, Türkiye – update
Published: 10 May 24
AMSA renewable-energy project, South Africa – update
Published: 10 May 24
Renewable Energy Independent Power Producer Procurement Programme – Bid Window 6, South Africa – update
Published: 10 May 24
