The City of Cape Town is pulling out all the stops to protect residents in the event Eskom implements Stage 8 loadshedding. Cape Town Mayor Geordin Hill-Lewis said during Stage 8 loadshedding, half the metro would be left without power at any given time – at least 12 hours a day. "The City has already activated [...]

JOHANNESBURG (miningweekly.com) – Production improvement and holding cost increases at half the inflation rate were achieved by gold mining company AngloGold Ashanti in 2022, when its mineral reserve additions again exceeded depletion for the sixth consecutive year. “We delivered on our production and cost commitments and have begun to regain cost competitiveness versus our peers,” [...]

JSE-listed Aveng remains on track to settle the remaining R353-million of its South African legacy debt this year, CEO Sean Flanagan said on February 21. At its height in 2018, this debt amounted to R3.3-billion. During the six months to December 31, 2022, R125-million was repaid, reducing the debt from R478-million as at June 31 [...]

South Africa’s Kumba Iron Ore sees itself as a critical player in the decarbonisation journey. Regarding tricky Scope 3 emission reduction, the Anglo American company is partnering with top steelmakers Salzgitter, ThyssenKrupp and Nippon to cut its Scope 3; advancing fast towards generating its own solar power from the hot Northern Cape to lower its [...]

Coal quality and mining productivity problems continue to negatively affect production at Sasol’s Secunda Operations, in Mpumalanga, where only between 6.6-million tons and 6.9-million tons will be produced this financial year. Such output is well below both the group’s initial production guidance for the year of between 7-million and 7.2-million tons, as well as historical [...]

Diversified industrial, chemical and logistics group KAP Industrial increased its revenue for the six months ended December 31 by 12% year-on-year to R15.26-billion but earnings before interest, taxes, depreciation and amortisation decreased by 2% to R2.2-billion. Operating profit before capital items decreased by 8% to R1.42-billion, taking headline earnings and earnings a share 17% lower [...]

South African iron-ore producer Kumba has delivered a resilient financial performance in 2022, despite the year being characterised by a volatile macro environment, lower iron-ore prices, disruptive logistics, cost pressures and operational challenges, the JSE-listed company reported on Tuesday.  A final 2022 cash dividend of R5.2-billion has been bringing Kumba's total shareholder dividends to R14.5-billion, [...]

Reeling from South Africa's worst-ever electricity crisis, local authorities across the country are turning to private suppliers to help businesses and households keep the lights on. President Cyril Ramaphosa has declared a state of disaster over the energy crunch, which is seen wiping as much as two percentage points off economic growth this year.

South Africa’s hydrogen corridor, which has been declared a strategic project, will create 14 000 jobs and consume 63 000 oz of platinum, Anglo American Platinum CEO Natascha Viljoen told Mining Weekly on Monday. Viljoen’s interview by Mining Weekly followed the JSE-listed company’s presentation of 2022 financial results, which reported a contribution of R131-billion to society in [...]

Shareholders of JSE-listed Murray & Roberts (M&R) have voted in favour of the R1.38-billion sale of the company's entire interest in the Bombela Concession Company to infrastructure and toll operator company Intertoll International. More than 99% of the shareholders voted in favour of both proposed resolutions relating to the disposal.

Ahead of the release of its audited financial results on March 7, paper and plastics manufacturer Mpact reports that its revenue for 2022 increased by about 7% to R12.4-billion, driven by paper demand and higher selling prices. In the paper business, good demand in containerboard and cartonboard continued in the second half of the year, [...]

The North Gauteng High Court in Pretoria has granted a preservation order freezing a slew of properties and vehicles allegedly bought from the proceeds of a corrupt tender at Eskom's problematic Kusile power station. Thursday's order allows the Special Investigation Unit (SIU), and the National Prosecuting Authority's (NPA's) Asset Forfeiture Unit to preserve two portions [...]