As anticipated, Kgosientso Ramokgopa has been appointed as South Africa’s Minister of Electricity, a position which President Cyril Ramaphosa described as transitory and which has been created specifically to coordinate efforts to tackle the "severity and frequency of loadshedding as a matter of urgency". “The Minister in the Presidency for Electricity will liaise with other [...]

South Africa's energy and logistics threats should be turned into turned into opportunities, says African Rainbow Minerals (ARM) CEO Mike Schmidt. Speaking to Mining Weekly in a Zoom interview following ARM’s presentation for 40% higher headline earnings at R5 171-million, Schmidt urged the country to never let a crisis go to waste. (Also watch  attached Creamer [...]

JSE-listed RCL Foods says it delivered a resilient set of results for the six months ended December 31. Revenue for the period  increased by 17.6% year-on-year to R20.2-billion, driven by a combination of higher pricing to counter rising input costs, and higher volumes in Sugar, Rainbow and Vector Logistics.

The treatment site of the Central Basin Acid Mine Drainage (AMD) plant has been significantly affected by the recent increased rainfall in Gauteng, the Trans-Caledon Tunnel Authority (TCTA) said on Monday. TCTA, on behalf of the Department of Water and Sanitation (DWS), operates and maintains three AMD plants within three basins, namely Central Basin in [...]

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 [...]