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Following national trend, Eastern Cape Terminals introduce a truck appointment system thmess

Mining Weekly 1 day 5 hours ago
Transnet Port Terminals' (TPT's) Eastern Cape Terminals has introduced a mandatory truck appointment system in a move to improve coordination and streamline processes across different commodities. The initiative is expected to improve truck scheduling, especially during peak seasons and peak times, thus encouraging fluidity on terminal roads and in the operating environment.

Tsodilo welcomes positive court outcome in Botswanathmess

Mining Weekly 1 day 6 hours ago
International resource exploration company Tsodilo Resources says the High Court of Botswana has rendered an order that interdicts and restrains the Mines and Energy Minister – through the Department of Mines or any other department – from receiving, considering or assessing the renewal applications in relation to prospecting licences (PLs) 021 to 024/2018 This is pending the delivery of a judgment in Tsodilo’s review application with respect to PL 021/2018.

South Africa needs to look internally before going global on hydrogenthmess

Mining Weekly 1 day 6 hours ago
As South Africa progresses its hydrogen strategies and plans as a means to mitigate climate change and to bolster security of energy supply, the country needs to look internally before embarking on global outflows. Speaking at the Hydrogen Africa conference, held in Johannesburg from September 27 to 29, Richards Bay Industrial Development Zone Company COO Muze Shange said that amid the conversations surrounding hydrogen developments and exports there was a need for focus around South Africa’s own needs and its own demands.

Small set of common ESG standards should govern access to capital for critical minerals ...thmess

Mining Weekly 1 day 9 hours ago
BHP CEO Mike Henry has called for a “small set of common standards” covering environmental, social, and governance (ESG) to underpin the access to capital required to unlock investment in the critical minerals needed for the transition to electric vehicles and renewable energy generation. Speaking at the International Energy Agency’s (IEA’s) inaugural critical minerals summit in Paris, France, Henry argued that there were currently too many standards for the same ESG dimensions.

Afrimat expects to report marginal increase in interim EPS, HEPSthmess

Mining Weekly 1 day 10 hours ago
Midtier mining and materials company Afrimat expects to report earnings per share (EPS) of between 252.4c and 265c and headline earnings per share (HEPS) of between 257.2c and 269.8c for the six months ended August 31. That represents a 0% to 5% increase on the EPS of 252.4c and a 2% to 7% increase on the HEPS of 252.2c reported for the six months ended August 31, 2022.

Lucara terminates HB Trading sale agreementthmess

Mining Weekly 1 day 10 hours ago
Canadian diamond miner Lucara Diamond has terminated the sales agreement with HB Trading, following a “material breach of financial commitments” by HB. Lucara says it will continue to use its established mechanisms to sell Karowe's rough diamond production, namely through its Clara diamond sales platform, traditional tenders and other value-added mechanisms for stones. 

Glencore, Seriti weigh job cuts in South Africa due to ‘dire’ train situationthmess

Mining Weekly 2 days 5 hours ago
Glencore and Seriti Resources are in talks to cut hundreds of jobs in South Africa as their ability to export coal is stymied by inefficiencies at the state-run freight company. Transnet, which transports the fuel from mines in Mpumalanga province to Richards Bay Coal Terminal, has been hobbled by sabotage, cable theft and aging equipment. While it has taken steps to improve security and ease procurement rules to lower costs, performance has declined.

FLSmidth’s technology focus delivering sustainability results thmess

Mining Weekly 2 days 5 hours ago
Technology and service supplier FLSmidth is transforming from an engineering company to a technology partner through its current Core’26 strategy. This is already realising benefits for clients, such as helping them meet sustainability targets, the company noted during a media visit to FLSmidth’s Stormill service centre in Roodepoort, South Africa, on September 27.

South Africa’s manganese mastery putting country in pole position for green transitionthmess

Mining Weekly 2 days 6 hours ago
Close to half a century of local manganese mastery by Manganese Metal Company of Mpumalanga is placing South Africa – a manganese mining and refining country – in pole position, amid a flurry of global high-purity manganese sulphate monohydrate projects, to meet upcoming battery demand. With industrialisation of manganese-rich battery materials technology having already commenced, manganese cathode active material will be a low-cost recyclable critical energy transition material.

Minerals Council launches women in mining websitethmess

Mining Weekly 2 days 6 hours ago
Industry body the Minerals Council South Africa has launched a dedicated website for women in mining, as part of efforts to ensure the local mining industry transforms to become a place where women lead and thrive. The council has ramped up its efforts to assist women in the industry, including those in communities, through vital after care services to survivors of gender-based violence.

Eskom aiming not to breach Stage 4 loadshedding this summerthmess

Mining Weekly 2 days 6 hours ago
Eskom is aiming to limit loadshedding to Stage 4 during the summer months to the end of March by restricting unplanned breakdowns to 14 500 MW during what is also its high-maintenance season, when planned outages of about 7 000 MW will be implemented. Interim CEO Calib Cassim indicated on Wednesday that the addition of 2 880 MW from the Kusile power stations would be critical for narrowing the prevailing supply/demand gap in the coming months and providing the space required for maintenance.

Bad weather causes major disruptions on TFR’s Cape Corridor thmess

Mining Weekly 2 days 7 hours ago
State-owned rail company Transnet Freight Rail (TFR) has announced that it is experiencing significant disruptions to rail services on some parts of the Cape Corridor as a result of severe weather conditions in the region over the long weekend.   TFR noted on September 27 that the Caledon branch line and the Cape Main line in both the Western Cape and Eastern Cape had been severely affected by adverse weather conditions.  

Rainbow Rare Earths issues 30m new shares to raise £4.5m thmess

Mining Weekly 2 days 11 hours ago
London-listed Rainbow Rare Earths has conditionally agreed to issue 30-million new ordinary shares in the company, each with no par value, at a price of 15p an ordinary share. This issuance is expected to raise gross proceeds of £4.5-million.  The placing price of 15p an ordinary share represents a 3.2% discount to the closing mid-market share price of 15.5p an ordinary share on September 26. 

Bushveld receives initial R150m from Southern Point thmess

Mining Weekly 3 days 5 hours ago
Vanadium and energy storage solutions company Bushveld Minerals reported on Tuesday that it had received the R150-million ($8.1-million) in interim working capital from investment fund Southern Point Resources (SPR). The interim facility will provide the group with additional working capital to fund the ongoing expansion of production at the Vanchem vanadium plant, while the completion of the SPR transactions is under way.

Recycling can leverage Glencore’s strong position in metal marketing – Morgan Stanleythmess

Mining Weekly 3 days 6 hours ago
Although Glencore’s earnings contributions from recycling activities are not material at this stage, the growth potential to the diversified mining and marketing company from circular economic activity is seen by Morgan Stanley analysts as being “very significant”. This follows Glencore’s hosting of equity analysts at its recycling operations in the US and Canada.

JSE remains important capital market for AngloGold thmess

Mining Weekly 3 days 6 hours ago
Despite moving its primary listing to New York, AngloGold Ashanti (AGA) has affirmed significance of South Africa as a capital market and source of liquidity for the gold mining major. Following the completion of its corporate restructuring, AGA retains a secondary listing on the JSE, having listed on the bourse 80 years ago.
Mining Weekly covers real-time news on mining projects across a range of minerals including gold, platinum, diamonds, copper and ferrous metals.
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