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Rossouw to step down as Sasol CFO in October
Published: 02 May 24
Petrochemicals company Sasol has announced that CFO and executive director Hanré Rossouw will step down from his position, effective October 31.
Sasol has started the process to appoint a successor.
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Baker Hughes builds first Namibian mud plant as exploration surges
Published: 02 May 24
Energy technology company Baker Hughes will construct a new liquid mud plant, and a separate assembly, maintenance and repair base at Namibia's Walvis Bay to cater to booming offshore exploration activities, a senior executive said. The project will help Namibia cope with an influx of drill rigs and support vessels that threatens to overwhelm its only two commercial ports, Walvis Bay and the smaller Luderitz, as they battle congestion and inadequate facilities.
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Barrick Gold beats estimates for quarterly profit
Published: 02 May 24
Canadian miner Barrick Gold on Wednesday beat first-quarter profit estimates on higher bullion prices and said it has entered into an exploration partnership with Geophysx Jamaica.
Prices of the precious metal rose about 8.2% to $2 231/oz in the January-March quarter, on buying from central banks and hopes the US Federal Reserve could cut interest rates as early as June.
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Barrick Gold is not interested in bidding for Anglo American, CEO says
Published: 02 May 24
arrick Gold is not interested in bidding for Anglo American, which last week received a $39-billion takeover offer from BHP, and is building its own copper portfolio, the Canadian miner's CEO Mark Bristow said on Wednesday.
If BHP's proposed acquisition of Anglo is successful, it would create one of the world's biggest copper miners.
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Rick Menell joins Perseus board as nonexec director
Published: 02 May 24
Mining veteran Rick Menell has joined the board of Africa-focused gold producer Perseus Mining as a nonexecutive, independent director.
"I am extremely pleased to welcome Rick Menell to the board of our company. Rick is a very high calibre individual whose diverse work and life experiences will bring new perspectives that will be invaluable in helping Perseus reach its full potential.
"His deep understanding of the people and the mining industry on the African continent is perfectly suited to joining the leadership team of a growing, Africa-focused company like Perseus, that has ambitions to become a leader of the gold mining industry on the continent," says Perseus chairperson and CEO Jeff Quartermaine.
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Barrick moves to tap into Jamaica’s mineral potential
Published: 02 May 24
Gold and copper major Barrick is set to venture into Jamaica’s untapped minerals landscape through an earn-in agreement with private exploration company Geophysx.
Geophysx has strategically amassed an extensive portfolio of exploration assets across Jamaica, which Barrick CEO Mark Bristow considers “significantly underexplored and prospective”.
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Ironveld appoints Kristoffer Andersson CEO
Published: 02 May 24
London-listed Ironveld, which owns a high-purity iron, vanadium and titanium project on the northern limb of the Bushveld Complex, in Limpopo, South Africa, has appointed Kristoffer Andersson CEO. He succeeds Martin Eales, who stepped down as CEO in February.
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Motsepe-backed GoSolr plans $537m South Africa expansion
Published: 02 May 24
GoSolr, a company backed by South African billionaire Patrice Motsepe and the continent’s biggest bank, plans to spend R10 billion to roll out a model of renting solar panels and batteries to homes in the nation plagued by blackouts. The two-and-a-half-year-old company seeks to install about 500 megawatts of solar-generation capacity in four years. That’s up from its current 70 megawatts, said Andrew Middleton, GoSolr’s chief executive officer. It has attracted investment and financing from Motsepe’s African Rainbow Capital Investments and Standard Bank Group. The company, which say it’s the biggest of its kind in South Africa, is one of a number capitalising on the power cuts and surging electricity prices that have afflicted the country since 2008. The amount of rooftop solar in South Africa more than doubled to 5 440 megawatts in March from the year earlier. About 620 megawatts of that was on residential properties, according to data compiled by the Johannesburg-based company.
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China's Zhaojin wins control of Australia's Tietto Minerals in $475m deal
Published: 02 May 24
China's Zhaojin Capital has won control of Australia's Tietto Minerals after a protracted six months takeover tussle that values the gold producer at A$733-million ($474.62-million), according to a regulatory filing on Wednesday. Zhaojin Capital, a unit of Hong Kong-listed Zhaojin Mining 1818.HK, now has 52.8% voting power, it said in the filing, up from 42.5% previously.
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