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Wine bottles Wine grape supply balances with demand in 2024 harvest season
Published: 20 May 24
The 2024 wine grape harvest has yielded 1.09-million tonnes from 87 848 ha, which is 7% lower than the prior harvest season, industry body Vinpro reports. Vinpro consultation services manager Dr Etienne Terblanche says the 2024 harvest season was a journey marked by careful planning and the adaptability of wine producers in the face of diverse climatic adversities and various disruptions.
chickens Astral poultry division makes notable financial recovery in H1
Published: 20 May 24
JSE-listed integrated poultry producer Astral Foods has reported improved results for the six months ended March 31, on the back of its “reset, refocus and restart campaign” which was launched in response to significant losses incurred from loadshedding and avian influenza in the 2023 financial year. The group reports an operating profit increase of 461% to R550-million for the six months under review, compared with an operating profit of R98-million reported for the six months ended March 31, 2023.
Montage Gold proposes new directors
Published: 20 May 24
Canada-listed Montage, which is aiming to be a multi-asset African gold producer, has set June 7 as the date for its annual general and special meeting. Shareholders will vote on a proposed slate of director nominees, comprising six individuals: Ron Hochstein, Richard Clark, Anu Dhir, David Field, Allessandro Bitelli and Martino De Ciccio.
Employment environment bleak, but there are opportunities for improvement Has Video
Published: 20 May 24
The 2024 ‘UASA South African Employment Report’ and second UASA/Bureau of Market Research (BMR) Employment Index paints a bleak picture of the country’s employment situation; however, there are areas of focus that can be pursued to turn this around, including skills development to capitalise on technology advancements. This was highlighted by speakers presenting the reports on May 17.
Hemlo Explorers to list on CSE
Published: 20 May 24
Minerals exploration company Hemlo Explorers has applied to delist from the TSX-V and to list its shares on the Canadian Securities Exchange (CSE). Upon delisting on the TSX-V, Hemlo will list 50 724 920 shares on the CSE. Trading is expected to start on May 23.
$80m raised for Empire copper/gold project in Idaho
Published: 20 May 24
US-focused Phoenix Copper has successfully raised $80-million in a corporate bond issue to fund the construction of the Empire openpit mine, in Idaho. The bonds will be drawn down in tranches, with the first scheduled drawdown of $5-million set for May 31.
A chinchilla Salares Norte project section temporarily put on hold to ensure chinchilla protection
Published: 20 May 24
NYSE- and JSE-listed Gold Fields has announced that its Salares Norte project, in Chile, has received an urgent and transitionary measure (MUT) from Chile’s Superintendence of Environment (SMA). The MUT orders the immediate suspension of dismantling Rocky Area No 3, located at the North waste dump of the mine. This rocky area is one of the areas that had been identified as a possible location of the chinchillas present on the Salares Norte property.
Altron posts strong continuing operations growth
Published: 20 May 24
JSE-listed Altron on Monday reported strong results across its continuing operations; however, noncash adjustments in its discontinued operations weighed on the company’s overall results for the year ended February 29, 2024. The company reported earnings before interest, tax, depreciation and amortisation (Ebitda), including Altron’s ATM Business and discontinued operations, of R985-million, a 6% decrease on the R1.05-billion achieved in the prior year.
Hermosa stands out as the sole advanced mining project in the US capable of producing two federally designated critical minerals – zinc and manganese. DoD dollars to help drive domestic manganese production at South32's Hermosa
Published: 20 May 24
The US Department of Defense (DoD) has awarded diversified miner South32’s Hermosa project, in Arizona, $20-million to support domestic manganese production. The money will be matched with a $43-million investment by Australia-headquartered South32 to fund activities to support access to the manganese deposit.
European Ferrochrome Benchmark price to be discontinued
Published: 20 May 24
JSE-listed chrome producer Merafe Resources has advised that the quarterly European Ferrochrome Benchmark (EUBM) price will be discontinued with effect from June. The company will, therefore, no longer publish the EUBM price on the JSE news service.
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