Harmony Gold CEO hails strong performance of South African mines despite loadshedding
The South African operations of Harmony Gold did very, very well in the six months to the end of December last year load curtailment notwithstanding, Harmony Gold CEO Peter Steenkamp said during a media call on Wednesday. “There are many mines that performed above expectation,” Steenkamp said in response to Mining Weekly.
North West provincial govt sets its sights on solar panel manufacturing opportunity
North West has the potential to attract at least R50-billion worth of investment in the renewable energy sector, in addition to the private sector renewables investments that are already under way, Premier Bushy Maape has said. He noted during his State of the Province Address last week that the province’s executive council has resolved to [...]
WBHO swings to interim profit of R354m
After incurring a loss of R1.5-billion for the six months ended December 31, 2021, JSE-listed building and engineering contractor Wilson Bayly Holmes Ovcon (WBHO) swung to a profit of R354-million in the six months ended December 31, 2022. The company says its South African operations has demonstrated positive growth, while the group order book of R27-billion remaining solid.
Junior miner allocations won't impact existing manganese slots – TFR
State-owned rail operator Transnet Freight Rail (TFR) says its opening of rail capacity allocations to junior miners will not impact existing guaranteed manganese miner export allocations. As part of what it says is an expansion of rail capacity allocation and efforts to create a more inclusive and competitive environment, Transnet awarded six new entrants with [...]
Karpowership demands retraction from De Ruyter, denies it is corrupt
Karpowership, the Turkish company seeking to supply power to South Africa, said it will demand a retraction from Andre de Ruyter, the former chief executive officer of Eskom Holdings SOC Ltd., because it said he had inferred the firm was corrupt. The company, which generates electricity from ship-mounted, gas-fired power plants, in 2021 won about [...]
Sibanye-Stillwater records third-best earnings as it celebrates tenth anniversary
This month ten years ago, Sibanye Gold Limited was unbundled by Gold Fields Limited and listed on the JSE and the NYSE as an independent company with three deep level South African gold mines and a market capitalisation of R10-billion. Today, the group, headed by CEO Neal Froneman, has evolved into multinational diversified mining and [...]
Higher commodity prices failing to spur fixed mining investment
The regulatory uncertainties and inability of the industry to transparently, quickly and efficiently apply for mining and prospecting rights in a corruption-free manner has had severe investment consequences, Minerals Council South Africa states in its Facts & Figures Pocketbook 2022. This is glaringly evident in exploration, which, the Minerals Council adds, has virtually ground to [...]
State of disaster regulations open way for emergency procurement, environmental exemptions
More than two weeks after President Cyril Ramaphosa announced that the electricity crisis had been declared a National State of Disaster, the regulations giving effect to that declaration have been Gazetted. In a statement issued on February 28, it was confirmed that the regulations were approved following a sitting of the President’s Coordinating Council, as [...]
Steep petrol price hike announced for Wednesday; diesel also pricier
Petrol prices will jump on Wednesday amid a supply crunch worldwide, the Department of Mineral Resources and Energy announced on Monday night. The price of both 95 and 93 unleaded petrol will be hiked by R1.27 a litre, while diesel will go up by between 30c and 32c.
Hive Energy announces Chile green hydrogen project, to parallel its South African one
UK-based green energy company Hive Energy (Hive), which has a major green hydrogen and green ammonia project pipeline in South Africa, has announced that it has entered a joint venture (JV) with the Transitional Energy Group (TEG), to develop the $8-billion Gente Grande green ammonia project in the Chilean part of Tierra del Fuego, at [...]
Trackless mobile machine safety next big challenge, says Minerals Council
Having last year achieved the lowest fall of ground fatalities ever, South African mining’s next big safety challenge is to achieve greater safety in the use of trackless mobile machines – rubber-tired vehicles that operate in underground mines without making use of rail tracks. In 2021, South African mining suffered 16 trackless mobile machine-related fatalities [...]
Trackless mobile machine safety is next big challenge, says Minerals Council South Africa
Having last year achieved the lowest fall of ground fatalities ever, South African mining’s next big safety challenge is to achieve greater safety in the use of trackless mobile machines – mobile rubber-tired vehicles that operate in underground mines without making use of rail tracks. In 2021, South African mining suffered 16 trackless mobile machine-related [...]