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West Red Lake announces C$30m bought-deal offering
Published: 08 May 24
West Red Lake, the owners of the Madsen gold mine in Ontario, has announced a C$30-million bought deal public offering of units.
The TSX-V-listed firm entered into an agreement with Raymond James as sole bookrunner to purchase 27.78-million units and 11.24-million charity flow-through units at C$0.72 per unit and C0.89 per charity flow-through unit.
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Engineering organisations, labour dept urge patience as cause of George building collapse awaits determination
Published: 08 May 24
Civil engineering and construction industry organisations the South African Institution of Civil Engineering (Saice), Consulting Engineers South Africa (CESA) and Master Builders South Africa (MBSA) have urged patience to allow for investigations into the cause of the building collapse in Victoria street, George, on May 6. Employment and Labour Minister Thulas Nxesi has committed the Department of Employment and Labour (DEL) to undertake an Occupational Health and Safety Act investigation of the site once the rescue and recovery interventions have been completed.
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Spar Group to list on A2X
Published: 08 May 24
Retailer Spar Group has been approved for a secondary listing on A2X Markets (A2X) and its shares will become available for trade on the exchange from May 15. Spar has wholesale warehousing and distribution operations in Southern Africa and parts of Europe that support over 4 500 stores through 14 distribution centres. It operates in 11 countries and reported revenue of R149-billion in 2023.
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De Grey raises A$600m for WA gold project
Published: 08 May 24
Western Australian gold explorer and developer De Grey Mining has launched a fully underwritten A$600-million equity raising, derisking the equity component of the financing for the Hemi project.
The equity raising comprises a A$344-million institutional placement and a 1 for 7.95 prorata accelerated nonrenounceable entitlement offer to raise A$256-million.
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Commercial vehicle industry poised to grow, grasp new opportunities despite challenges
Published: 08 May 24
The commercial vehicle industry in South Africa is getting to understand the opportunities in the automotive sector, such as in the autonomous vehicles space, despite various macroeconomic challenges, event organiser Messe Frankfurt South Africa MD Michael Dehn said during the Futureroad vehicle trade exhibition on May 3. He highlighted how the commercial vehicle industry continued to be a key driver of innovation and how it boosted the overall automotive industry’s ability to contribute 4.9% to gross domestic product and keep more than 110 000 people employed.
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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
The George municipality has confirmed that three more bodies have been retrieved from the site of a collapsed building, taking the death toll to...
South Africa may curb Shell’s oil exploration over gas-pump exit
Published: 10 May 24
South Africa’s energy ministry signaled it may grant fewer oil exploration permits to Shell over the company’s plans to exit the nation’s...
Savannah could request compulsory land acquisitions for Portuguese lithium project
Published: 10 May 24
London-based Savannah Resources will if necessary ask Portugal's government to authorise compulsory land acquisitions for its planned lithium mines...
