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BHP’s biggest rivals sit on the sidelines of Anglo M&A drama
Published: 06 May 24
Two of BHP Group’s biggest rivals are sitting on the sidelines for the moment as they watch to see how a takeover offer for Anglo American will play out.
Both Rio Tinto Group and Glencore are more focused on waiting for opportunities to snap up specific parts of Anglo’s business as BHP’s bid unfolds, rather than pursuing rival offers for the entire group.
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Hot Chili arranges nearly A$30m for Chile copper project
Published: 06 May 24
ASX-listed copper miner Hot Chili has arranged about A$30-million in funding to accelerate its Costa Fuego copper project, located in the coastal range of Chile.
The company, which also trades on the TSX-V, arranged a A$24.9-million private placement to institutional and professional investors through the issue of 24.9-million fully paid ordinary shares at A$1 each.
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Panama's Mulino wins Presidency with support from convicted former leader
Published: 06 May 24
PANAMA CITY - Panama's former security minister Jose Raul Mulino on Sunday stormed to victory in a presidential poll dominated by his old boss, the popular ex-leader Ricardo Martinelli, who buttressed his campaign despite being holed up in Nicaragua's embassy. Mulino, 64, was one of the favorites for the presidency after he stepped in to replace Martinelli on the ballot when the former president was barred from running due to a money laundering conviction.
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Wind energy critical to bolster energy capacity – SAWEA
Published: 03 May 24
Despite recent efforts to bolster electricity generation capacity, the path to energy security remains full of obstacles. The integration of renewable energy, particularly wind power, is critical to these efforts, says the South African Wind Energy Association (SAWEA).
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Pioneer solution converts paper sludge, food and textile waste into bioethanol
Published: 03 May 24
A pioneering solution has been developed to convert cellulose fibre-rich waste from pulp and paper mill operations into ethanol using a specialised fermentation process. The solution was announced by the Paper Manufacturers Association of South Africa (Pamsa), in collaboration with Stellenbosch University (SU), Sappi Southern Africa and Mpact.
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Anglo CEO meets South Africa's mines minister after BHP's takeover proposal
Published: 03 May 24
Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time since the miner rejected BHP Group's $39 billion takeover bid, a source familiar with the matter told Reuters. BHP, the world's biggest-listed mining group, is privately talking to investors as it weighs up its next move after Anglo's rejection of its initial proposal.
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Platinum-based green hydrogen emerging as Winter Olympics decarbonisation pillar
Published: 03 May 24
Green hydrogen, which is generated with the benefit of the catalysis that platinum group metals (PGMs) provide, is being increasingly highlighted as a pillar of the global decarbonisation transition that is poised to save the world from ruinous climate change. News just out is that steps are being taken to locate a green hydrogen production facility in a location where the 2030 Winter Olympics are to be held in the French Alps.
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green hydrogen platinum group metals 2030 winter Olympics
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Manook stresses importance of abated coal in energy future of many nations
Published: 03 May 24
Global coal organisation FutureCoal has suggested that world leaders follow a balanced, pragmatic and responsible approach to energy policy, following an announcement by the Group of Seven (G7) forum that unabated coal will be phased out by 2035. The announcement was made at a G7 Ministerial meeting on climate, energy and environment matters.
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CSIR Coastal Engineers help ports and ship owners with physical and computer model tests
Published: 03 May 24
Although South African ports are sheltered from swell waves, three of them – Cape Town, Ngqura and Saldanha – can and do experience what are called infra-gravity waves. These are a category of gravity waves, which are waves travelling along the surface of the sea (where it interfaced with the atmosphere, technically another ‘fluid’) and whose dynamics are dominated by the effects of gravity. Infra-gravity waves are distinguished by having periods of greater than 30 seconds. Researchers at the Council for Scientific and Industrial Research’s (CSIR’s) Coastal and Hydraulics Laboratory, in Stellenbosch, in the Western Cape province, also referred to infra-gravity waves as ‘long waves’. These waves, CSIR senior technologist Chris Troch explained, could create resonance in the waters of harbour basins. In turn, this resonance could cause severe ship motions (in moored vessels), which disrupted the loading and unloading of cargo.
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Ransomware payments increase 500% in past year, attack rate falls slightly
Published: 03 May 24
The average payment for ransomware attacks has increased by 500% in the past year to $2-million, up from $400 000 in 2023, cybersecurity firm Sophos reports in its 'State of Ransomware 2024' report. Additionally, excluding ransom payments, the survey found the average cost of recovery reached $2.73-million, which is an increase of almost $1-million from the $1.82-million that Sophos reported in 2023.
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