The recent extension of the deadline for responses to the draft Integrated Resource Plan 2023 (IRP 2023) presents an opportunity to incorporate the vision presented by President Cyril Ramaphosa in his State of the Nation Address (SoNA) for more renewable energy, the South African Wind Energy Association (SAWEA) asserts. Minerals Resources and Energy Minister Gwede [...]

US-based mineral exploration and development company High Power Exploration (HPX), which is backed by Ivanhoe Mines co-chairperson Robert Friedland, has signed a letter of intent (LoI) with the Liberian government and pan-African diversified investment and operations group Guma Africa Group to enter into negotiations to own, design, finance, develop and operate the Liberty Corridor – [...]

A research study to examine the network of risk factors and resilience resources that predict depression among not in employment, education or training (NEET) youth in Africa will be undertaken by the University of Pretoria (UP) and the South African Medical Research Council (SAMRC); the University of Ibadan, in Nigeria; the universities of Leicester and Nottingham, in the [...]

US International Development Finance Corporation (DFC) deputy CEO Nisha Biswal has announced new financing in support of the Lobito Corridor, which extends across Angola, Zambia and the Democratic Republic of the Congo (DRC), at this year’s Partnership for Global Infrastructure and Investment’s (PGI) Lobito Corridor Investor Forum, in Lusaka, Zambia. “Africa is DFC’s largest regional [...]

Minerals Council South Africa is looking at the possibility of promoting permanent aerial mesh support throughout the mining industry as part of its fall-of-ground action plan. The Minerals Council has a robust fall-of-ground action plan that targets several dimensions of the biggest contributor to mining incidents.

Steel producer ArcelorMittal South Africa (AMSA) has deferred the wind-down of its long-products business by six months amid widespread concern regarding the detrimental impact of the closure on downstream industry and jobs and following consultations with government and other affected stakeholders during which several short-term interventions were agreed. The deferral announcement was made despite AMSA [...]

Steel producer ArcelorMittal South Africa (AMSA) has deferred the wind down of its long-products business by six months amid widespread concern regarding the detrimental impact of the closure on downstream industry and jobs and following consultations with government and other affected stakeholders during which several short-term interventions were agreed. The deferral announcement was made despite [...]

JSE-listed renewable woodfibre-based products company Sappi's earnings before interest, taxes, depreciation and amortisation (Ebitda) decreased to $156-million for the first quarter of its 2024 financial year, compared with Ebitda of $290-million reported for the first quarter of the prior financial year. However, the company also reduced its net debt to $1.21-billion as at December 31, down from $1.24-billion in the prior [...]

Africa is going to have a huge amount to do to help solve the world’s climate change problems, Toronto-listed Ivanhoe Mines executive chairperson Robert Friedland emphasised in his far-reaching thirtieth address to the thirtieth Investing in African Mining Indaba in Cape Town. In those 30 consecutive Indaba presentations, Friedland has regularly highlighted the global need [...]

JSE-listed real estate investment trust (Reit) Growthpoint Properties has issued a R1-billion senior unsecured bond with a ten-year maturity. The ten-year note was placed at a margin of 185 basis points above three-month Johannesburg Interbank Average Rate, which is the most favourable pricing achieved in several years, the Reit says.

Transport Minister Sindisiwe Chikunga, on February 5, inspected the R1.1-billion upgrade of the R23 regional road in Standerton, Mpumalanga, as well as the implementation of the Vala Zonke campaign to repair potholes. “As government, we recognise that good roads help to grow the economy and that is why we are spending billions of rands to [...]

Diamond mining and marketing company De Beers is to collaborate with Angola on opportunities to increase diamond production, support alluvial mining sector and enhance social development for the benefit of Angola’s citizens. De Beers on Tuesday signed a memorandum of understanding (MOU) with Angola’s National Mineral Resource Agency, Angola’s State-owned Endiama diamond company, and Angola’s [...]