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Zambia sees KoBold spending $2.3bn on giant copper mine
Published: 10 Jun 24
KoBold Metals, the Bill Gates-backed mining exploration company, could spend $2.3-billion to build a major new copper mine in Zambia, President Hakainde Hichilema said, citing figures from the company. The firm aims to produce more than 300 000 metric tons per year at Mingomba — making it the country’s biggest such operation — and will begin sinking the mining shaft in the first half of 2026, according to company officials. Their meeting with Hichilema on Friday was broadcast over state television.
New Porgera Limited and Barrick Niugini Limited country manager Karo Lelai (left) hands over the second donation of relief supplies from the Porgera mine to Dorothy Kukum, director of community development with the Enga provincial government, on June 3. Barrick and Zijin contribute $1m to PNG landslide relief efforts
Published: 10 Jun 24
Mining companies Barrick Gold and Zijin Mining – joint venture partners in the Porgera mine – have jointly contributed $1-million to help communities in Papua New Guinea’s Enga province in the wake of a landslide in Mulitaka that has claimed an estimated 600 lives. A team of senior Barrick executives has spent last week in the country visiting the disaster site and working with the provincial and national governments, as well as officials from the United Nations, the Asian Development Bank, Australia, New Zealand and the US to coordinate relief and recovery activities.
Colombia President Gustavo Petro says coal exports to Israel will be halted. Colombia halts coal exports to Israel over Gaza war
Published: 10 Jun 24
Colombia's President Gustavo Petro on Saturday said the country, which is reported to be Israel's biggest supplier of coal, will suspend exports of the fuel source to Israel over its assault on the Gaza Strip. Petro, a leftist, cut diplomatic ties with Israel in May and has strongly criticized Israeli Prime Minister Benjamin Netanyahu. In a post on social media platform X, he said coal exports would be halted "until the genocide is stopped", referring to Palestinian deaths in the conflict.
New Zealand to introduce bill to reverse oil and gas exploration ban
Published: 10 Jun 24
w Zealand's government said on Sunday it would introduce legislation to remove a controversial ban on offshore petroleum exploration to attract investment to the country's oil and gas sector. The bill would end the ban, in place since 2018, on exploration outside onshore Taranaki, an energy-rich region on New Zealand's North Island, Resources Minister Shane Jones said in a statement.
taxi rank Lack of public transportation integration undermining service delivery
Published: 07 Jun 24
A lack of proper integration with regard to urban public transportation systems has led to inefficiencies and duplications, with some routes and areas being overserved while others suffer from a complete lack of service, Aecom Africa transport operations leader and market sector leader transit executive Chris Britz has said. Speaking during a Unitrans-hosted Transport Forum webinar on June 6, where challenges and opportunities facing the passenger road-based transportation sector of South Africa were discussed by various experts, he said South Africa’s public transportation was inefficient because of the fragmented nature of the day-to-day operations.
Study areas for the Strategic Environmental Assessment for the proposed Boegoebaai Port, Special Economic Zone, and broader Namakwa Region CSIR conducting strategic environmental assessment for proposed Boegoebaai port, SEZ
Published: 07 Jun 24
The Council for Scientific and Industrial Research (CSIR) says it is leading the strategic environmental assessment (SEA) that is being undertaken for the Northern Cape’s planned green hydrogen production facilities in a proposed new special economic zone (SEZ), as well as a port, at Boegoebaai.   The spatial area for the SEA includes the proposed port, the associated SEZ adjacent to the port and the broader Namakwa region.
First-quarter contraction demonstrates GDP growth volatility – TIPS
Published: 07 Jun 24
GDP contracted by 0.1% in the first quarter of this year, underscoring the increased volatility of GDP growth since the Covid-19 pandemic started in 2020, said nonprofit economic research institution Trade and Industrial Policy Strategies (TIPS). The GDP declined in five quarters over the past three years, compared with nine from 1994 to 2018. The volatility resulted, in part, from extraordinary fluctuations in global mining prices, as well as shortfalls in infrastructure.
Circular economy gaining traction in Africa, but still layered onto linear economies
Published: 07 Jun 24
There are various local, regional and international initiatives that are assessing and driving circular economy practices in Africa, but the transformation of existing linear economies remains chequered. Strategic interventions are needed to embed new circular economic paradigms in Africa and in the regional bloc Southern African Development Community (SADC), said researchers from independent public policy think tank South African Institute of International Affairs (SAIIA).
Professor calls for support to grow marine geosciences to understand oceans
Published: 07 Jun 24
Prior to the United Nations World Oceans Day on June 8, University of KwaZulu-Natal (UKZN) Professor of Marine Geology and University of Ulster in Northern Ireland visiting Professor Andrew Green has called for more support to grow the field of marine geosciences in South Africa. Ocean environments are slowly becoming degraded, with 90% of big fish populations depleted, and 50% of coral reefs destroyed.
ANC president Cyril Ramaphosa has announced that the party views a GNU was “the best option to move our country forward” Big business backs speedy formation of ‘stable GNU’
Published: 07 Jun 24
Business Leadership South Africa (BLSA), whose members are drawn from the largest domestic and multinational businesses operating in the country, has backed the African National Congress’ (ANC’s) proposal for the formation of a government of national unity (GNU) to end the electoral stalemate that has arisen after no single party secured an outright majority in the May 29 poll. In a statement published following ANC president Cyril Ramaphosa’s late night announcement  that the party’s national executive committee had agreed that a GNU was “the best option to move our country forward”, BLSA urged parties to act with urgency to form a stable government.
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