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Indonesian miner eyes nickel assets as it shifts focus from coal
Published: 29 Apr 24
Indonesian coal company PT Harum Energy is looking to buy more nickel mines as it ceases further investment in fossil fuels in order to prepare for the energy transition.
The miner plans to avoid further spending in its coal operations beyond the level required to sustain current output, president director Ray Antonio Gunara said in an interview on Friday.
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Astral to post 465% rise in earnings as operations normalise
Published: 29 Apr 24
Integrated poultry producer Astral Foods has advised that its earnings per share (EPS) for the six months ended March 31 will increase by between 465% and 475% year-on-year.
This will result in interim EPS of between 913c and 930c apiece, compared with EPS of 162c in the first half of the prior financial year.
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Endeavour achieves first gold pour at Senegal project expansion
Published: 29 Apr 24
Senior gold producer Endeavour Mining announces that first gold pour at the Sabodala-Massawa BIOX Expansion project, in Senegal, took place on April 18, marking the successful delivery of the BIOX Expansion project on schedule and on budget, with no lost-time injuries. Endeavour points out that the first gold pour at the Sabodala-Massawa BIOX Expansion was achieved only 24 months after construction started, transforming the Sabodala-Massawa Complex into a tier-one mine.
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Eskom warns political parties against placing posters on electrical structures
Published: 29 Apr 24
Ahead of the upcoming May 29 elections, State-owned power utility Eskom has cautioned all political parties against the “dangerous practice” of placing election posters on electrical structures. The utility said in the past there had been incidents of electrocution whilst posters were being put up, which it said contravened the Occupational Health and Safety Act. Eskom warned of an inadvertent flash-over or electrical contact and said this could cause serious injuries and even be fatal. “As such, Eskom would like to caution all political parties against the dangerous practice of placing campaign posters on electrical structures. This includes electricity poles, electricity towers, meter boxes and mini substations,” the utility stated. Only authorised personnel are allowed to climb or work on the electrical structures, it pointed out.
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Draft Gas Master Plan released amid supply ‘cliff’ warnings
 Published: 29 Apr 24
South Africa’s much-delayed draft Gas Master Plan (GMP2024) has been released for public comment by Mineral Resources and Energy Minister Gwede Mantashe, amid indications that the gap between demand and supply will grow steeply from 2026 onwards when Sasol ceases to supply Gauteng and KwaZulu-Natal industrial customers with gas imported from Mozambique. The document includes four scenarios, including a base case that shows that gas demand will far exceed supply in the short term and that the gap, which has been described as an anticipated ‘gas cliff’, will worsen as demand grows.
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Silvercorp expands reach with C$200m Adventus acquisition
Published: 29 Apr 24
In a move aimed at diversification, Canadian mining firm Silvercorp has announced a C$200-million deal to venture into Ecuador, just weeks after missing out on acquiring control of Tanzania-focused OreCorp.
The all-share offer for TSX-V-listed Adventus Mining, valued at C$0.50 a share, will establish Silvercorp, traditionally focused on China, as a fresh entrant in South America.
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African leaders seek record World Bank financing to combat climate change
Published: 29 Apr 24
African leaders on Monday called for rich countries to commit record contributions to a low-interest World Bank facility for developing nations that they rely on to help fund their development and combat climate change. Donors will make their cash pledges to the International Development Association, a World Bank institution that offers loans with low interest rates and long tenures, at a conference to be held in Japan in December. "We call on our partners to meet us at this historic moment of solidarity and respond effectively by increasing their IDA contributions... to at least $120-billion," Kenya's President William Ruto told a meeting of African leaders and the World Bank to discuss IDA funding. African economies were facing a "deepening development and debt crisis that threatens our economic stability, and urgent climate emergencies that demand immediate and collective action for our planet's survival," Ruto said. He cited Kenya's own devastating floods and a severe drought affecting Southern African nations such as Malawi. If the donors pledge the minimum amount suggested by African leaders, it will be a new high after the last round of fundraising in 2021, which raked in $93-billion.
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African leaders seek record World Bank financing to combat climate change
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Mavuso encouraged by restored business, govt relations following turbulent Zuma reign
Published: 29 Apr 24
Ahead of South Africa’s national elections on May 29, Business Leadership South Africa CEO Busi Mavuso says regardless of changes to government, the facts of what businesses need to thrive do not change.
She expresses confidence, in her latest weekly newsletter, about the country realising its potential in the next 30 years, following a divided prior 30-year era of remarkable transformation and growth but also much regression economically and in terms of State institutions.
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Mavuso encouraged by restored business, govt relations following turbulent Zuma reign
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MTN SA launches Made4U career portal Skillsbox to empower job seekers
Published: 29 Apr 24
Telecommunications giant MTN South Africa has launched a new portal to assist unemployed South Africans on their job seeking journeys. The new Made4U career portal Skillsbox offers a comprehensive suite of resources on a user-friendly website and mobile platform designed to empower job seekers.
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MTN SA launches Made4U career portal Skillsbox to empower job seekers
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Transnet aims to defend its decision to partner with ICTSI at the DCT
Published: 29 Apr 24
State-owned Transnet has defended its decision to select Phillipines-based International Container Terminal Services Inc (ICTSI) as the preferred bidder for the establishment of a partnership to manage the upgrade and development of Pier 2 at the Durban Container Terminal (DCT). Following the selection of the preferred bidder, Transnet has entered into contract negotiations with ICTSI.
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Transnet aims to defend its decision to partner with ICTSI at the DCT
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Gonfreville-l’Orcher hydrogen production plant, France
Published: 26 Apr 24
Khavda Renewable Energy Park, India
Published: 26 Apr 24
Grand Ethiopian Renaissance Dam, Ethiopia – update
Published: 26 Apr 24
Vale, BHP and their joint venture Samarco have presented Brazilian authorities with a settlement proposal related to reparations for the 2015...
Aterian sells portion of its royalty over Rwanda lithium project
Published: 29 Apr 24
London-listed critical metal-focused exploration and development company Aterian has sold its portion of the net smelter return royalty (NSR) over...
CGA, ECDC to spend R1.2m on capacitating ten Eastern Cape citrus farmers for exports
Published: 29 Apr 24
The Grower Development Company of the Citrus Growers’ Association of Southern Africa (CGA) has partnered with the Eastern Cape Development...
