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Kefi announces launch of Tulu Kapi project
Published: 20 May 24
Aim-listed gold and copper exploration and development company Kefi has announced that the Tulu Kapi Gold Mines (TKGM) board has formally launched the project. "Our launch timing is fortuitously coinciding with the improved conditions in Ethiopia and all-time high gold prices. Tulu Kapi's high grade and high process recovery, combined with our project design, has resulted in a robust set of economics for long-term operations which should support further exploration and development along with good opportunities to continue supporting local social development projects such as the already provided local school and water supply. The returns for the capital investors and lenders are attractive and the recent exemptions from exchange controls has rendered the Ethiopian mining investment climate internationally competitive,” Kefi executive chairperson Harry Anagnostaras-Adams said on May 20.
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NOA Group acquires early-stage Khauta solar farm in the Free State
Published: 20 May 24
Local integrated energy company NOA Group has successfully acquired the 350 MW Khauta solar PV facility, near Welkom, in the Free State, from PNE, which started the development of the facility. The addition of the solar farm brings NOA’s total grid-secured assets to 500 MW and closer to its overall target of 5 GW.
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Seminar commemorates World Metrology Day, with a focus on sustainability
Published: 20 May 24
In celebration of the first Unesco-recognised World Metrology Day on May 20, as well as a global emphasis on climate change and sustainability, the National Metrology Institute of South Africa (NMISA) held a World Metrology Day seminar, focused on the theme of ‘measurement science in support of sustainability seminar’. During the seminar, Department of Trade, Industry and Competition (dtic) chief directorate for green industries Gerhard Fourie discussed the opportunities and challenges the energy transition held for South Africa.
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Speakers explore process heat supply alternatives
Published: 20 May 24
With South Africa facing an imminent gas supply cliff, and the need to decarbonise becoming increasingly imperative, industrial gas users are facing considerable challenges and may need to explore alternative solutions for process heat supply. This was outlined by speakers during EE Business Intelligence’s ‘Innovating process heat supply: Power to heat and thermal storage’ webinar, on May 20.
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Copper's record run at risk as US shipments calm speculator frenzy
Published: 20 May 24
Copper's lightning rally to record highs may not be sustainable in the coming weeks, with action concentrated on the shipment of material to cover exposed short positions in the US Comex futures market rather than tepid demand in top consumer China.
Prices on the CME Group's Comex hit a record last week, while benchmark copper on the London Metal Exchange (LME) rocketed on Monday to an all-time peak of $11 104.50 a metric ton, having surged 28% so far this year.
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IAEA expert team in Uganda to support country’s uranium production plans
Published: 20 May 24
A specialist expert mission of the International Atomic Energy Agency (IAEA) is currently in Uganda to undertake a review connected with the East African country’s nuclear energy ambitions, specialist news agency World Nuclear News reports. Uganda plans to construct 24 000 MWe of nuclear energy capacity, and has selected Russian and South Korean companies to each build a nuclear power plant (NPP) in the country. These two NPPs will have a combined capacity of 15 000 MW. The IAEA team visiting the country is an Integrated Uranium Production Cycle Review (IUPCR) mission. This type of mission serves to help IAEA member countries develop infrastructure for their own uranium production programmes, across all the stages of the uranium production cycle.
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GVK completes 20-storey student housing block in Cape Town
Published: 20 May 24
Privately owned construction company GVK-Siya Zama has completed construction of a 20-storey, 3 000-bed student accommodation block in Cape Town. The 77 000 m2 development also includes 6 700 m2 of retail space and a public square.
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Vumacam surveillance tech yields 10% boost in crime interceptions, arrests in Gauteng
Published: 20 May 24
The Gauteng provincial government (GPG) has reported a “substantial impact” on criminal activities across the province has been achieved 100 days into the rollout of its surveillance project, which has been leveraging Vumacam SafeCity cameras. Since its inception in February, the project has yielded an average 10% monthly increase in interceptions, impounded vehicles and arrests from February to May.
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Famous Brands reports bump in revenue, while profits decline for 2024 financial year
Published: 20 May 24
Branded food services franchisor Famous Brands has reported an 8% increase in revenue to R8-billion for the financial year ended February 29, although a 6% decrease in profit to R812-million and a 1.5% profit margin contraction from 11.6% to 10.1% dampened results. Despite the group’s carefully managed cost base, the operating profit margins were negatively impacted on by input cost pressures and increases in overheads, namely electricity, water, diesel, repairs, maintenance and employee costs.
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Eskom board approves plan to operate Camden, Grootvlei and Hendrina to 2030
Published: 20 May 24
The Eskom board has given its approval for the continued operation of the Camden, Grootvlei and Hendrina power stations to 2030 – a departure from the original decommissioning schedule that has reportedly been endorsed by Cabinet. In response to a question posed by Engineering News during an update on the Energy Action Plan, head of generation Bheki Nxumalo said: “We have just recently received board approval to run three of our stations – that is Hendrina, Grootvlei and Camden – up until 2030.”
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