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 [...]

The world’s number three manufacturer of commercial jets, Brazil-based Embraer, has reported that it delivered 159 commercial and business jets last year. This represented a 12.7% increase over the figure for 2021. Of the 2022 deliveries, 80 were handed over to customers during the fourth quarter. (Embraer is also active in the defence, security and [...]

Following floods that affected more than 20 000 people across Zambia, the International Water Management Institute (IWMI) is working with the Zambian government for improved knowledge generation and effective advisory services. Zambia’s Disaster Management and Mitigation Unit, reportedly describing the ongoing floods in the Southern and Central provinces as “catastrophic”, highlights a rising number of [...]

The contribution of platinum group metals (PGMs) company Anglo American Platinum to society in 2022 totalled R131-billion, made up mainly of taxes and royalties at R19-billion, salaries and wages at R15-billion, local procurement of R25-billion, capital investment of R17-billion and dividends of R55-billion, Mining Weekly can today report. Earnings before interest tax depreciation and amortisation [...]

Finance Minister Enoch Godongwana faces the task of incorporating a credible debt-relief plan for the stricken state power utility in the national budget while stabilizing government finances as record blackouts weigh on the economy. The minister said in October the state will absorb between one- and two-thirds of Eskom Holdings' liabilities of about R400-billion. The [...]