Renewables have become a critical part of metal mining thinking, the Sibanye-Stillwater Battery Metals Investor Day 2023 audience heard on Tuesday. “If you look at electricity, renewables are expected to account for between 80% and 90% of global power generation. So, renewables have become a very important part of our thinking in terms of the [...]

Mineral Resources and Energy Minister Gwede Mantashe has released a draft Bill for public comment outlining the establishment of the South African National Petroleum Company (SANPC), which the proposed legislation defines as the “State’s energy champion and facilitator of energy infrastructure across the energy value chain”. The Bill states that the Minerals Resources and Energy [...]

JSE-listed fast-moving consumer goods and personal care products company Premier Group has reported a 23.9% year-on-year increase in earnings before interest, taxes, depreciation, and amortisation (Ebitda) to R1-billion for the six months ended September 30. Headline earnings a share also increased by 0.8% to 331c a share, while revenue rose by 7.1% year-on-year to R9.4-billion.

Higher free cash flow, higher recovered grades, higher production and higher received gold price have been reported by Harmony Gold in its operational update for the three months ended September 30, the first quarter of the JSE-listed gold mining company’s 2024 financial year. Group operating free cash flow in the quarter rocketed by 278% to [...]

Despite higher interest rates, elevated levels of inflation and currency volatility impacting earnings, Vodacom Group on Monday posted strong financial results for the six months ended September 30, 2023. The JSE-listed telecommunications company recorded group earnings before interest, tax, depreciation and amortisation (Ebitda) growth of 35.1%, or 5.5% on a pro-forma basis, to R27.27-billion during [...]

Old Mutual Investment Managers said it plans to vote against a number of resolutions at the Nov. 17 annual general meeting of petrochemicals and fuel company, Sasol , because of its poor performance on climate targets. The unit of 178-year-old Old Mutual, which has about $18-billion under management according to an industry survey, urged fellow [...]

Development finance institutions (DFIs) led by the African Development Bank (AfDB) have partnered to finance $3-billion in a private sector-focused Alliance for Special Agro-Industrial Processing Zones (SAPZs) to bridge the critical financing gap in agriculture in Africa. These zones are aimed at integrating smallholder farmers into value chains through logistics and infrastructure, and linking them [...]

Gold mining company AngloGold Ashanti is advancing decarbonisation projects at the Geita mine in Tanzania, has commenced renewable energy project works at the Tropicana mine in Australia, and a big solar project in Ghana could be next on its list. Geita, which is located, has been in operation as a large-scale mine since the 1930s, [...]

Europe-based global major aerospace and defence group Airbus has released its results for the first nine months of this year (9M23). Consolidated group revenues, at €42.56-billion, were up 12%, year-on-year (y-o-y). Earnings before interest and taxes (Ebit), adjusted, for 9M23 were €3.631-billion (4% up on last year), but Ebit reported, at €2.712-billion, were 24% down, [...]

Uganda and Tanzania have signed an agreement on a feasibility study for a gas pipeline linking Tanzania's vast but remote deepwater gas fields to Kampala, their two energy ministers said. Tanzania is awaiting cabinet approval for a $42-billion liquefied natural gas (LNG) project to unlock the 57.5-trillion cubic feet natural gas deposit.

The South  African government, which is being forced to sell ever more debt than planned because it’s spending more than it makes, is unlikely to reverse this spiral any time soon - especially not ahead of an election, economists say. It emerged in the medium-term budget that over the next three years, the state will [...]

The lead investigator in the R2-billion Kusile Power Station corruption case has backtracked on his testimony that two German nationals accused in the matter will not be extradited to stand trial. On Thursday, the investigating officer continued to be cross-examined by the state. He is on the stand as a witness in an inquiry at [...]