The exciting gold-from-tailings expertise of DRDGold, which had decades of experience in recovering precious metals profitably from mine dump material, deserves international prominence, which Sibanye-Stillwater intends to afford it, CEO Neal Froneman said on Wednesday. Froneman raised the value of his company’s stake in DRD during a wide-ranging interview with Joburg Indaba chairperson and mining [...]

Aim-listed Bushveld Minerals on Wednesday announced that its 84%-owned subsidiary Bushveld Energy had commissioned a vanadium redox flow battery (VRFB) project with Eskom, including site acceptance testing. At completion, the unit will have a peak output of 450 kWh.

The South African Wind Energy Association (SAWEA) has welcomed a judgment by the Pretoria High Court, dismissing a case brought by the Coal Transporters Forum (CTF) to interdict Eskom from signing duly procured power purchase agreements (PPAs) with independent power producers (IPPs). CTF had argued that the court should set aside all PPAs signed with [...]

The recent bout of load-shedding, which badly affected small businesses, is estimated to have cost billions of rands, the City of Cape Town said on Wednesday. In a statement the City said sentiment was unanimously shared across the sector that load-shedding has been crippling small businesses as most are unable to afford the costs associated [...]

A court application to have 20-year power purchase agreements (PPAs) signed between Eskom and 26 independent power producers (IPPs) in 2018 declare null and void has been dismissed with costs. The legal challenge was initiated last year by the Coal Transporters Forum (CTF), a voluntary association made of 50 companies that transport coal to Eskom [...]

Climate Policy Initiative (CPI) Energy Finance on Tuesday released its latest report, which looked at the impact of a low carbon transition on South Africa. CPI found that the impact on South Africa of a global low-carbon transition over the period of its analysis from 2013 to 2035 could be $124-billion in present value terms.

Standalone South African energy company Astron Energy is upbeat about investing in both its Cape Town refinery, as well as its Caltex-branded service stations over the next few years. “Investment in South Africa has positive potential. South Africa has the highest fuel consumption in sub-Saharan African. It is 25% higher than Nigeria’s demand, yet has [...]

MTN Group shares fell almost 7% after Nigeria’s government said Africa’s biggest mobile operator evaded taxes and urged a Lagos court not to block a $2-billion penalty. The High Court of Lagos should throw out the Johannesburg-based company’s attempt to stop it from paying backdated taxes, TA Gazali, a government lawyer, said in court Tuesday.

The Minerals Council South Africa has said that as many as 90 000 jobs in the country's mining sector could be at risk "solely as a result" of recent electricity tariff increases. "Given the mining sector’s dependency ratio of 10 people supported by each mining job, the potential socio-economic implications for the country are dire," [...]

South Africa may just be able to cling onto the stable outlook of its sole investment-grade rating this week, helping it stay clear of a forced selloff of billions of rand of its debt. Economists are divided on what Moody’s Investors Service will do when it potentially makes an announcement on South Africa’s credit assessment [...]

Total SA’s discovery of South Africa’s first oil in deep water could prove to be a bonanza for a country lacking crude reserves of its own and prompt a rush from other majors. That’s if they’re able to solve the engineering challenges of operating in one of the fastest ocean currents in the world. The [...]

The Minerals Council South Africa is ringing alarm bells over the threat posed to employment and production in the gold and platinum sectors as a result of recently approved electricity tariff increases, including the 13.8% hike to be implemented from April 1. In addition, the council is warning that the hikes will accelerate the State-owned [...]