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Copper’s run continues with surge to highest since June 2022
Published: 12 Apr 24
Copper continued its upwards charge, hitting the highest level in 22 months, as investors bet that curtailed mine supply will struggle to keep up with resurgent global demand.
Copper has found itself strongly positioned after a mine-supply shock late last year that is now combining with stronger-than-expected demand as global manufacturing demand picks up.
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Sweden's LKAB cuts iron-ore production on railway woes
Published: 12 Apr 24
Sweden's LKAB will cut its iron ore output following derailments on a railway linking Sweden and Norway and reduced transport capacity going forward, the state-owned mining company said in a statement on Wednesday.
LKAB said it will cut production by one-million tonnes per year, and added it may also take additional measures, including laying off staff.
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Cape Town to tighten procurement process in effort to combat extortion
Published: 12 Apr 24
The City of Cape Town (CoCT) says the yearly review of its Supply Chain Management Policy proposes additional measures to reduce the risk of extortion impacting city projects. The proposed Supply Chain Management Policy Amendments are out for public comment until May 10.
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Suzuki breaks through the 50 000-unit sales mark
Published: 12 Apr 24
Suzuki Auto South Africa (Suzuki SA) has broken through the 50 000-units-a-year sales barrier for the first time in its history. The year in question is the company’s financial year, running from April, 2023, to March, 2024.
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Eskom mulls private, foreign options on R390-billion grid build
Published: 12 Apr 24
South Africa’s State-owned power utility Eskom said it’s in talks with government ministries over private and foreign options to fund a R390-billion expansion of its transmission network as more renewable generation comes online. Eskom supplies more than 80% of electricity to the continent’s most industrialised nation and has failed to meet demand, resulting in blackouts that have crippled the economy. The utility also owns, manages and maintains the transmission system and plans to build 14 218 kilometers of power lines over the next decade, more than three times what it has installed over the past 10 years. The company is holding “ongoing discussions with key government ministries on the funding of the South Africa’s transmission capital-expenditure requirements” that include the potential use of money pledged by rich nations toward an energy transition and another option to tap private sources, the utility said in an emailed response to questions. Foreign nations have pledged more than $9-billion in climate financing to South Africa through the so-called Just Energy Transition Partnership in 2021. France, Germany, the US, UK and European Union offered the money to help South Africa move away from coal, which is currently the source of more than 80% of the nation’s power.
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Unisa, Palabora sign MoU to facilitate strategic collaboration
Published: 12 Apr 24
A memorandum of understanding (MoU) has been signed between the University of South Africa’s (Unisa’s) College of Science, Engineering and Technology (CSET) and copper mining company Palabora Copper, a subsidiary of the Palabora Mining Company, based in Phalaborwa, Limpopo. The signing of the MoU, which took place in Johannesburg on April 12, marks the start of a strategic partnership between the two entities aimed at achieving mutual goals in the fields of science, engineering and technology and seeking to enhance efficiency, productivity and overall success through various initiatives.
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Woolworths launches regenerative farming practices campaign
Published: 12 Apr 24
Retail company Woolworths has launched a Farming for the Future campaign, with the aim of encouraging farmers to implement regenerative farming practices. By partnering with farmers who adopt restorative practices, Woolworths seeks to amplify its impact and foster a community of agricultural innovators, committed to stewarding the land for future generations, says Woolworths chief food technology and sustainability officer Latiefa Behardien.
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Hydrogen, PGMs, underground mine energy storage make headlines
 Published: 12 Apr 24
In this week's episode of Second Take, Mining Weekly Editor Martin Creamer discusses hydrogen’s role as a global energy solution; the market development of the full PGMs basket being essential; and about how South Africa’s underground mines could be used as batteries that store energy.
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Electricity outlook for winter
Published: 12 Apr 24
Engineering News editor Terence Creamer discusses the halt in loadshedding over recent weeks; what South Africans should expect for the higher-demand winter period; and the longer-term outlook for South Africa's electricity sector.
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Hydrogen 2024: Implementation crucial going forward
Published: 12 Apr 24
Green hydrogen is prominent on the global agenda for creating a cleaner, greener future. The element holds the potential to unlock a new epoch in energy. Unlike conventional fossil fuels, the combustion of hydrogen yields only water vapour and heat as by-products, positioning green hydrogen, produced using renewable energy, as a powerful player in the race to reduce greenhouse-gas emissions.
The momentum behind the fuel is strong, and South Africa is very well positioned to produce it. However, it will need to reinforce its supply position in the next two to three years if it wants to be a global green hydrogen supplier that helps meet an exponentially growing demand outlook beyond 2030. It will thus need to shift the focus from mere discussions to the implementation of practical solutions.
Creamer Media’s ‘Hydrogen 2024’ report considers the demand and supply of hydrogen, production technologies in the sector, and the investment therein. It also examines the trade of hydrogen, which is still in its infancy, and how African countries could be highly competitive in supplying green hydrogen for local and global consumption.
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Hydrogen 2024: Implementation crucial going forward
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Koruson 2, South Africa
Published: 12 Apr 24
Saldanha green hydrogen project, South Africa
Published: 12 Apr 24
Amun green hydrogen project, Morocco
Published: 12 Apr 24
South Africa has fallen to sixty-ninth from sixty-fourth on the World Energy Council’s (WEC’s) latest World Energy Trilemma Index which ranks more...
Leadership change at CME: Rio Tinto exec appointed new president
Published: 16 Apr 24
The Chamber of Minerals and Energy of Western Australia (CME) has announced the appointment of Simon Trott as its new president.
Trott, currently...
Treasury welcomes IMF report ranking SA top 3 in fiscal transparency
Published: 16 Apr 24
The International Monetary Fund’s (IMF’s) Fiscal Transparency Evaluation Report has placed South Africa in the top three countries in terms of...
