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Community unrest leads to fatal shooting near Exxaro's Grootegeluk mine
Published: 21 Oct 20
Diversified South African-based resources group Exxaro Resources says a local community member was killed in a shooting incident near its Grootegeluk mine on October 20. "The deceased was part of a community protest that entered the private property owned by Exxaro near its Grootegeluk mine operations, which protestors set fire to a part of the veld and a conveyor belt leading out of the mine.
South African coal industry to reach tipping point in 2025
Published: 21 Oct 20
The South African coal industry will likely reach a tipping point by 2025, when renewable energy should be cheaper, both in terms of capital and operational expenditure, than existing coal-fired electricity capacity. This means that, by 2030, the South African coal landscape will look "completely different", as domestic coal production is likely to start fragmenting and shutting down,  African Source Markets CEO Bevan Jones noted during a webinar on October 21. In the near-term, however, the ...
Cleaner coal tech to help South Africa reduce emissions, says Minerals Council Cleaner coal tech to help South Africa reduce emissions, says Minerals Council
Published: 21 Oct 20
Coal is integral to South Africa, economically and socially, and will continue to play a pivotal role for many years to come; therefore, technology and innovation in the industry should be pursued to mitigate carbon emissions as part of the country’s just energy transition journey. This was indicated by speakers during the Minerals Council South Africa’s ‘Advancing the just transition: coal technology and innovation’ webinar, held on October 21 − the day on which the council was also observing Global Ethics Day.
Aspasa tightens requirements for its members around fair competition, social aspects
Published: 21 Oct 20
The Aggregate & Sand Producers Association of Southern Africa (Aspasa) has introduced a new set of policies for members to uphold, which relate to all aspects of surface mining operations. Aspasa director Nico Pienaar says the code documents good, ethical behaviour and says that, while most member companies adhere to these anyway, it gives the association recourse in the event of unethical behaviour being reported.
Redemption of $450m convertible bonds completed − Sibanye
Published: 21 Oct 20
About $383-million of the outstanding $383.8-million in outstanding bonds have been converted by bondholders of JSE- and NYSE-listed Sibanye-Stillwater’s wholly owned subsidiary Sibanye Gold, which in September exercised its option to redeem all outstanding bonds. Sibanye Gold had exercised its option in respect of its $450-million 1.875% convertible bonds, due 2023, to redeem all outstanding bonds at their principal amount, together with accrued but unpaid interest up to but excluding the optional redemption date.
Phola communities allowed to intervene in Thabong, South32 coal merger; SAEF's application dismissed
Published: 21 Oct 20
The Competition Tribunal has dismissed the South African Energy Forum’s (SAEF’s) application to intervene in proceedings regarding the proposed large merger between Thabong Coal and South32 South Africa Coal Holdings (South African Energy Coal or SAEC).
Anglo stands ready to defend itself in lawsuit over lead poisoning in Zambia
Published: 21 Oct 20
JSE-listed diversified miner Anglo American South Africa has noted a class action lawsuit filed against it by Mbuyisa Moleele Attorneys and Leigh Day in the Gauteng High Court, related to lead poisoning claims stemming from the Kabwe mine, in Zambia. The lawyers filed the lawsuit on behalf of a class estimated to comprise more than 100 000 individuals in the Kabwe district of Zambia. The claimants believe they have been exposed to lead contamination.
Nkomati Anthracite placed into business rescue
Published: 21 Oct 20
JSE-listed investment company Unicorn Capital Partners (UCP) has advised that its subsidiary, Nkomati Anthracite, has entered into business rescue. Daniel Terblanche has been appointed as the business rescue practitioner.
Centamin lowers 2021 guidance to accommodate rehabilitation of Sukari openpit
Published: 21 Oct 20
After a solid performance in the third quarter, London- and Toronto-listed Centamin has maintained its production guidance for this year at between 445 000 oz and 455 000 oz. However, the company has set its guidance lower for next year, at between 400 000 oz and 430 000 oz, while work is ongoing at the Sukari openpit mine, in Egypt, to improve operational flexibility.
Wärtsilä wins 128 MW power contract at Grasberg Wärtsilä wins 128 MW power contract at Grasberg
Published: 21 Oct 20
The technology group Wärtsilä has received contracts from PT Freeport Indonesia for a 128 MW power plant to supply electricity to the Grasberg mine. The plant will be located at Amamapare, PT Freeport Indonesia’s port site in Papua. From here, the electricity will be fed to the Grasberg mine through a 100 km long transmission line. The new plant will facilitate the extension of operations from openpit to underground mining at Grasberg, which is in the remote highlands of the Sudirman mountain range in the province of Papua, western half of the island of New Guinea.
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