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 [...]

South Africa’s Presidential Climate Commission dismissed a report that said modeling shows that the country will miss its 2030 emissions reduction target, saying that no such forecasting exists. Reuters reported that as South Africa is considering keeping some coal-fired power plants open for longer than initially planned to ease recurrent power outages, the so-called nationally [...]

The full ramp up of Africa’s largest oil refinery, a landmark moment for crude and fuel markets both regionally and beyond, is still a long way off. The Dangote plant in Nigeria just concluded a deal to receive six million barrels of crude from December, an indication that commercial activity is close to getting underway. [...]

South Africa’s Harmony Gold on Thursday expressed excitement at the prospect of working with the Newmont team as its new Wafi-Golpu Joint Venture (JV) partner in Papua New Guinea (PNG). Denver-based Newmont closed its roughly $15-billion acquisition of Newcrest Mining on Monday, ending a nearly year-long effort to buy the Australian gold mining company.

South Africa is still assessing the effect of adding interest to a R254-billion debt relief package for state-owned Eskom Holdings as the company prepares to split into three, according to a National Treasury official. Treasury announced in last week’s budget that it would convert the loans in the deal announced in February from interest free [...]

"Transnet needs help," chairperson Andile Sangqu told MPs on Wednesday in an appeal to the government to take on some of its unsustainable debt burden and fund its turnaround plan. Transnet has a R135-billion debt burden with large redemptions due soon, including R8.3-billion in the first quarter of next year and R6.8-billion in the third [...]

On the occasion of celebrating its 100-year anniversary, automotive manufacturer Ford Motor Company South Africa (FMCSA) has announced it will start producing plug-in hybrid electric vehicle (PHEV) Ranger models at its Silverton, Pretoria, manufacturing facility late next year. The automaker is investing R5.2-billion in expanding its existing facility to accommodate the new models on the [...]

South African stock exchange A2X Markets has grown its trade value from R657-million in its first year to more than R75-billion within six years. Similarly, trade count increased significantly as additional brokers connected to A2X with more than 1.2-million trades having taken place in the past year, up from 213 000 in 2021 to 2022.