News2018-08-01T16:20:10+01:00

Mantashe seeks to extend the life of Eskom’s coal-fired power stations

Mineral Resources and Energy Minister Gwede Mantashe has called on the private sector to “please and come talk to us” if they have any ideas on extending the life of South Africa’s fleet of coal-fired power stations. “There are many that have been earmarked for decommissioning because they are near the end of their life, [...]

Shell's court battle over South African energy exploration delayed – lawyer

A court case over whether to allow Shell to explore for oil and gas off South Africa's pristine Wild Coast has been delayed until next year, a lawyer for environmentalists said on Wednesday. Shell wants to overturn a decision by the Makanda High Court last September that prevented it from exploring in the environmentally sensitive [...]

Africa aims to use global demand for critical minerals as a basis for development

African countries were determined to use the opportunity provided by the world’s need for the metals and minerals essential for the clean energy systems of the future to develop their economies through local beneficiation and the creation of value-adding industries. This was clearly signalled by Ministers of Mining from African countries, participating in a panel [...]

Decision near on $4bn Uganda oil pipeline, Standard Bank says

A controversial $4-billion crude oil pipeline to link Uganda and Tanzania has overcome a key hurdle that delayed a final decision, according to Standard Bank Group. Negotiations can now conclude after Tanzania settled a disagreement with some Chinese funders on a separate matter, according to Kenny Fihla, the chief executive officer for the lender’s commercial [...]

ARM Geometallurgy Research Chair launched at Stellenbosch University

Stellenbosch University (SU) has partnered with mining company African Rainbow Minerals (ARM) to establish the ARM Geometallurgy Research Chair.  The objective of the position is to advance knowledge and build capacity in geometallurgy, “thereby enhancing the resilience and environmental sensitivity of the local minerals industry”, says the university in a statement.

Dysfunctional municipalities hindering SME sector growth 

Dysfunctional municipalities, an overabundance of bureaucratic red tape and deferred payments from the public sector are serving to undermine the ability of entrepreneurial ventures to flourish, industry body the Small Business Institute (SBI) CEO John Dludlu has said. Without an environment to support small- to medium-sized enterprises (SMEs), South Africa has little hope of developing a [...]

Hyprop acquires Table Bay Mall

Retail-focused real estate investment trust Hyprop has announced it will acquire Table Bay Mall, in Cape Town, for R1.6-billion. The company aims to increase its exposure to favourable geographies and thereby improve its portfolio trading performance.

Africa not a major player in solar energy – yet

All the critical minerals necessary for all renewable and battery energy technologies are found in Africa, highlighted consultancy and data company Rystad Energy senior partner and head of analysis Per Magnus Nysveen. He was addressing the Critical Minerals Africa conference, at the Cape Town International Convention Centre on Tuesday. Nysveen defined renewable energy as encompassing [...]

South African metals group awarded joint venture copper/cobalt slag project in Zambia

A diversified South African metals processing business that has expanded into Africa, on Tuesday announced that it had been awarded a copper slag project that will be executed in joint venture (JV) collaboration with a Southern African mining company. JSE AltX-listed and London Aim-quoted Jubilee Metals Group will develop the Mufulira slag project through JV [...]

Steel demand expected to increase by 1.8% this year, 1.9% in 2024 – worldsteel

The World Steel Association (worldsteel), in an update of its Short Range Outlook (SRO) for 2023 and 2024, forecasts that steel demand will grow by 1.8% this year to 1.81-billion tons after having contracted by 3.3% in 2022. Steel demand is forecast to increase by a further 1.9% in 2024 to 1.85-billion tonnes, worldsteel estimates.

Tharisa extends out Karo platinum project commissioning timeline by 12 months

The continued weakening of platinum group metal (PGM) prices and macroeconomics have resulted in the Karo Platinum Project timeline for commissioning being extended out by 12 months to June 2025, with the opportunity to accelerate the timeline as markets become more favourable. The Karo platinum project, an openpit PGM project under construction in Zimbabwe’s Great [...]

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