Hummingbird to receive second tranche of $20m loan

Aim-listed gold producer Hummingbird Resources is expecting to receive the second tranche of a $20-million loan facility from lender CIG in the next few days. On September 27, Hummingbird announced... 

Dynapac launches 15 t CA50 Rhino soil compaction machine in South Africa

Original-equipment manufacturer Dynapac has launched its 15 t CA50 Rhino soil compaction machine in South Africa. The CA50 is part of the broader Rhino range of compaction machines from Dynapac... 

Glencore remains on track to meet its full-year production guidance

Glencore’s full-year production guidance for 2024 has remained unchanged across all commodities, the company revealed at the release of a third-quarter production report on October 30. “[This]... 

Clean energy technology market to rival crude oil market value by 2035

Based on the current policy environment, the global market for clean energy technologies is set to rise from $700-billion in 2023 to more than $2-trillion by 2035, close to the value of the current... 

Macpherson wants answers from IDT on oxygen plant tender awards

Macpherson wants answers from IDT by Friday on questionable oxygen plant tender awards Public Works and Infrastructure Minister Dean Macpherson has written to government entity Independent... 

Trade opportunities for emerging countries to remain under a Trump Presidency, economist says

Economist Dr Larry Hatheway has predicted that Donald Trump will win the upcoming US presidential elections against Kamala Harris, which will probably encourage deglobalisation based on the former... 

Sugar industry calls for Godongwana to honour his commitment to reassess sugar tax

In an open letter, several sugar industry associations have called on Finance Minister Enoch Godongwana to honour a commitment he made in his 2023 Budget, where he announced that consultations... 

Emmerson hits brick wall in ESIA approval process, stopping Khemisset in its tracks

London-listed potash development company Emmerson has seemingly hit a dead end in the environmental- and social-impact assessment (ESIA) approval process for its flagship Khemisset potash project,... 

Sun International’s proposed acquisition of Peermont should be denied, commission recommends

The Competition Commission has recommended that the Competition Tribunal prohibit JSE-listed Sun International’s proposed acquisition of Peermont Holdings. The commission said on October 28 that it... 

PPC expecting significantly higher interim earnings per share

Cement producer PPC has notified shareholders that its earnings per share (EPS) and headline earnings per share (HEPS) are expected to be significantly higher for the six months ended September 30... 

South Africa not the only country facing challenges – Mavuso

Business Leadership South Africa CEO Busi Mavuso has noted that many of the challenges faced by the South African economy are shared by other nations. “One of the striking features of the B20... 

SAWEA opens applications for 2025 Wind Industry Internship Programme

The South African Wind Energy Association (SAWEA) has announced the opening of applications for the 2025 Wind Industry Internship Programme (WIIP). The initiative supports South Africa’s goal of... 

UP, ARM open virtual conference centre

The University of Pretoria (UP) and African Rainbow Minerals (ARM) have announced the official opening of the UP-ARM Virtual Conference Centre, aimed at enhancing collaboration between academia and... 

Additional small-scale mining licence awarded at Luansobe – Galileo

Statunga Investments has been awarded an additional small-scale mining licence for the Luansobe copper project, in Zambia, in which Galileo Resources has a 75% interest. This follows the granting... 

Atlantic Lithium raises A$10m to advance Ewoyaa

Lithium exploration and development company Atlantic Lithium has completed an institutional placement to raise A$10-million at a price of A$0.23 a share. Under the placement, a total of about... 

Neo Energy says paperwork for Henkries South acquisition will be completed by month-end

Uranium developer Neo Energy Metals has said the formal acquisition documentation for its acquisition of the Henkries South uranium project, in the Northern Cape, is progressing as planned and is... 

South Africa’s emissions to peak in 2024, reach decade low in 2030 – report

South Africa’s overall emissions will reach their peak this year and will be followed by a downward trend that will culminate in the lowest emissions this decade in 2030, the draft first 'Biennial... 

Greater coordination needed to realise green-hydrogen aspirations

Despite enthusiasm for the development of a hydrogen economy from the public and private sectors, there remains a significant lack of coordination to effectively implement projects and bring the... 

Greater coordination needed to realise green-hydrogen aspirations

Despite enthusiasm for the development of a hydrogen economy from the public and private sectors, there remains a significant lack of coordination to effectively implement projects and bring the... 

Afrimat posts 45.4% drop in operating profit after ‘extremely stressful’ first half

Although mid-tier mining and materials company Afrimat recorded a year-on-year revenue increase of 44.3%, from R2.8-billion to R4.1-billion for the six months ended August 31, its operating profit... 

Local supply chain challenges pose significant threat to localised manufacturing

If hydrogen technology developer Mitochondria Energy CEO Mashudu Ramano had known beforehand how difficult it would be to find local suppliers for hydrogen fuel cell and electrolyser parts, he... 

Govt focused on domestic investments to stimulate manufacturing

Government is set to increase investment into key industries that will bolster local manufacturing, Department of Trade, Industry and Competition industrial procurement and development chief... 

Sidestepping industrialisation to move straight to services is hurting the economy, Cilliers says

Skipping industrialisation and transitioning directly to the services sector is one of the key reasons for Africa’s lacklustre economic growth, Institute for Security Studies founder and former... 

Manufacturers globally are concerned about market instability

Manufacturers are concerned because of the volatility, uncertainty, complexity and ambiguity in global, regional and local markets, World Manufacturing Foundation (WMF) scientific VP Professor Dr... 

Eskom prepaid customers reminded to recode their meters before November 24

State-owned utility Eskom has urged prepaid electricity customers to recode their meters by November 24, as required by the Standard Transfer Specification Association. After this deadline, meters... 

Altona confirms iron-ore, copper, gold prospectivity at Zambia project

Results from a geophysical and geochemical data assessment for London-listed Altona’s new Kabompo South project, in Zambia, performed by Namibia-based geophysical services company Earthmaps... 

Automotive industry the ‘unsung hero’ of the South African economy – Mavuso

Business Leadership South Africa (BLSA) CEO Busi Mavuso has described the domestic automotive industry as the “unsung hero of the South African economy” after joining the naamsa | The Automotive... 

Akobo to secure NKr30m convertible loan

Scandinavian gold exploration and mining company Akobo Minerals has initiated a process to secure a two-year convertible loan of up to NKr30-million. The loan will offer a 20% yearly interest rate... 

Political interference undermining South Africa’s coal potential – Prevost

South Africa has the potential to be the strongest producer, user and exporter of coal on the continent, but political interference prevents this from happening, XMP Consulting senior coal analyst... 

German energy expert says energy transition a mistake

The energy transition in its current form, as a grid-scale build out of wind and solar with the goal to replace oil, coal, and gas, is probably one of the greatest mistakes that humanity has ever... 

Menar MD pushes back on request to lower prices

Coal and manganese mining group Menar MD Vuslat Bayoğlu has pushed back on a request by Energy and Electricity Minister Kgosientsho Ramokgopa’s special adviser Silas Zimu for domestic coal... 

Domestic coal suppliers asked to lower price asked of Eskom

Energy and Electricity Minister Kgosientsho Ramokgopa’s special adviser, Silas Zimu, has implored South African coal producers to temporarily sell coal to State-owned utility Eskom at a reduced... 

Insurance M&A dealmaking up in early 2024 – PwC

Auditing firm PwC says the first half of this year saw a measured uptick in dealmaking across the insurance industry, both globally and in South Africa However, despite the emergence of a turning... 

AMSA reports R1bn third-quarter loss amid ‘particularly difficult period’

Steel producer ArcelorMittal South Africa (AMSA) has reported a headline loss of a little more than R1-billion for the third quarter. “The global and local steel market deteriorated further since... 

‘Support and commitment’ not enough to save long steel business, urgent action needed – AMSA

Government’s support for, and commitment to, addressing the removal of export tax on scrap metal, resetting the price preference system (PPS) mechanism at an appropriate level, implementing trade... 

Positive credit rating indicates stable outlook for Northam in South Africa

Credit rating agency GCR Ratings has reaffirmed Northam Platinum’s national-scale long-term and short-term credit ratings at A+(za) and A1(za), respectively, with the outlook maintained as stable.... 

Metalkol embarks on Copper Mark assurance process

Diversified miner Eurasian Resources Group’s (ERG’s) Metalkol operation, in the Democratic Republic of Congo (DRC) has officially begun the Copper Mark assurance process, in line with a letter of... 

Koryx raises $9.6m in private placement, extends offer to raise $17m

TSX-listed Koryx Copper has closed the first tranche of a previously announced non-brokered private placement on October 11, raising about $9.6-million for the sale of about 8.7-million common... 

DPWI, ISA launch project preparation bid window to expand infrastructure investment

The Department of Public Works and Infrastructure (DPWI), together with government agency Infrastructure South Africa (ISA), has opened a novel project preparation bid window to invite submissions... 

naamsa announces Accelerator Awards finalists

Industry body naamsa | The Automotive Business Council has announced the finalists for the upcoming naamsa Accelerator Awards. The winners will be announced at an inaugural event at the Cape Town...