Diversified mining company African Rainbow Minerals (ARM) has invested R1-billion of capital to deliver early ounces at the Bokoni platinum group metals (PGM) mine, the company said on Monday when the JSE-listed company delivered 40% higher headline earnings to R5 171-million in the six months to the end of December. The definitive feasibility study for newly [...]

JSE-listed Hulamin’s turnover for the financial year ended December 31, increased by 22% year-on-year to R16-billion, on the back of group sales volumes of 211 328 t, compared to R13-billion in 2021.   Normalised earnings before interest, taxes, depreciation and amortisation increased by 339% year-on-year to R667-million.

The headline earnings of African Rainbow Minerals (ARM) rose by 40% to R5 171 million in the six months to December 31, when the JSE-listed company maintained a robust financial position, with net cash of R9-548-million. An interim dividend of R14 per share amounting to R3 145-million has been declared by the company headed by executive [...]

Momentum in the hydrogen economy is continuing to build, Implats group executive refining and marketing Sifiso Sibiya reported when he presented an Implats slide outlining global market trends for the platinum group metals (PGM) of the Johannesburg Stock Exchange-listed company, which this week announced half-year free cash flow generation of R11-billion generated after funding capital [...]

Multilateral finance institution the European Investment Bank (EIB) and the European Commission have signed agreements, committing €4-billion in funding support for businesses in African, Caribbean and Pacific (ACP) countries until 2027. This forms part of the European Union's (EU's) Global Gateway strategy. The agreement consists of a guarantee agreement that will mobilise up to €3.5-billion in lending [...]

Global commodities trader IMR Resources is set to expand its Kgatelopele Lime (KP Lime) mine, in the Northern Cape, with a second openpit operation that is expected to be built within the next two years in close proximity to the currently in-use Bowden pit. Previously owned by construction materials company PPC, the KP Lime mine [...]

The Department of Trade, Industry and Competition (DTIC) has been designated as the “single department” referred to in the recently published State of Disaster (SoD) regulations to coordinate the “streamlining and expediting of applications and decision-making procedures for regulatory processes related to energy generation projects”. The appointment is catered for under Regulation 5(1)(e) and the [...]

The Democratic Republic of the Congo's (DRC’s) first solar photovoltaic (PV) metrogrid developer Nuru has secured an initial $1.5-million from investors in a convertible note round ahead of the close of its Series B funding round. The investment is a bridge to bolster the company's $25-million Series B equity fundraise, which will be invested by [...]

Engineering News editor Terence Creamer discusses the revelations that came to light during Eskom's centenary events, including warnings by the Eskom management of 1997 that the country was facing an electricity supply shortfall and that the debt owed to Eskom by municipalities was already becoming a significant challenge. He also talks about how loadshedding and [...]

Rich nations have an obligation to fund South Africa’s development of green hydrogen as part of a global effort to decarbonise, according to the Presidency’s infrastructure chief. The most industrialized nation on the continent that depends on coal to generate 80% of its electricity has plans to attract as much as $250-billion into green hydrogen, [...]

Solar park operator and owner AEP Energy will be advancing its global expansion plans at this year’s Africa Energy Indaba (AEI) by showcasing its unique mobile solar container, the MooV Solar. The MooV Solar container boasts a capacity of between 90 kW and 150 kW, depending on the end-user’s requirements, and is fully mobile, making [...]

South Africa should prioritise its decarbonisation strategy, as it has a carbon intensity much higher than most countries, and $1.5-billion of exports to the European Union (EU) are at risk in the short term. That figure is likely to increase when more products are covered under the EU's Carbon Border Adjustment Mechanism (CBAM), said policy development [...]