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Press Office - WEG Africa

An image of Econometrix chief economist and director Dr Azar Jammine
Budget speech delay indicative of a ‘robust democracy’ – economist
21st February 2025 By: Tasneem Bulbulia

The unprecedented delay in South Africa’s Budget speech this week reflects several positives for the country and, if the country is able to leverage infrastructure spending and tackle structural... 


Business Leadership South Africa CEO Busisiwe Mavuso
Panellists discuss local business environment amid Budget speech postponement
21st February 2025 By: Sabrina Jardim

Following the postponement of the Budget speech from February 19 to March 12, panellists at the PwC ‘Responsible growth for a sustainable future’ panel discussion, on February 21, considered South... 


FNB White paper
Sustainable energy presents significant opportunities for SA businesses
21st February 2025

The majority of South African electricity is generated through fossil fuels – particularly coal – contributing to the rapid warming of the planet, extreme weather patterns, rising sea levels, and... 


Yancoal Australia posts smaller annual profit on fall in coal prices
Yancoal Australia posts smaller annual profit on fall in coal prices
21st February 2025 By: Reuters

Yancoal Australia forecast flat production estimates for fiscal 2025 on Thursday while reporting a 33% fall in annual profit due to lower coal prices. The coal miner expects attributable saleable... 


Itac finds prima facie evidence of flat-rolled product dumping from China, Japan and Taiwan
21st February 2025 By: Schalk Burger

The International Trade Administration Commission of South Africa (Itac) has determined that there was prima facie evidence that certain flat-rolled products of iron, non-alloy or other alloy steel... 


Leverage to higher gold price drives 216% increase in Sibanye-Stillwater’s Ebitda
Leverage to higher gold price drives 216% increase in Sibanye-Stillwater’s Ebitda
21st February 2025 By: Martin Creamer

Leverage to the higher gold price drove a 216% increase in earnings before interest, taxes, depreciation and amortisation (Ebitda) to R3.6-billion for Sibanye-Stillwater in the last six months of... 


An image of the Solar Butterfly
SolarButterfly educational tour to reach Waterfall City soon
21st February 2025 By: Sabrina Jardim

The SolarButterfly – a solar-powered, 30-ft-long house in the shape of a butterfly, which charges an electric vehicle that tows it – is undertaking a tour across South Africa as part of a worldwide... 


The Kendal power station
Ramokgopa hints that new IRP includes 10-year delay to coal shutdowns
21st February 2025 By: Terence Creamer

Electricity and Energy Minister Dr Kgosientsho Ramokgopa has given the strongest indication yet that the next edition of the Integrated Resource Plan (IRP) will include a 10-year delay to the... 


Growthpoint Longkloof Precint The Refinery
Growthpoint completes redevelopment of historic Longkloof Precinct
21st February 2025 By: Schalk Burger

JSE-listed real estate investment trust Growthpoint has completed the multiyear, multimillion-rand redevelopment of the historic Longkloof Precinct in a heritage-led project to inject new life into... 


The green economy is real and offers real opportunities for Africa
21st February 2025 By: Rebecca Campbell

“You see the whole world focused on climate, and focusing on Africa,” highlighted Sanlam Investments CEO Carl Roothman in his address on the second day of Africa’s Green Economy Summit (AGES) 2025,... 


Indian miner Vedanta's shareholders, creditors clear way for five-way split
21st February 2025 By: Reuters

Vedanta's shareholders and lenders have approved the oils-to-metals conglomerate's plans to split into five separate entities, the company announced on Thursday, with nods from nearly all of its... 


Indonesia Minister says Freeport can resume copper concentrate exports
21st February 2025 By: Reuters

The Indonesian government has agreed to allow copper miner PT Freeport Indonesia to resume exports of copper concentrate until repairs at its smelter are completed, Energy and Mineral Resources... 


Photo of Martin Creamer
On-The-Air (21/02/2025)
21st February 2025 By: Martin Creamer

Martin Creamer talks about ferrochrome, Amplats rebrand and green hydrogen. 


DLO, Longyuan train 100 youth in renewables skills in De Aar
21st February 2025 By: Schalk Burger

Just energy transition social enterprise the DLO Skills Initiative has partnered with Chinese renewable energy company Longyuan South Africa Renewables to provide 100 unemployed youth in De Aar... 


Sasol's Secunda plant
Research strongly forecasts Secunda plant will wind down from 2030, but Sasol disagrees
21st February 2025 By: Marleny Arnoldi

Petrochemicals giant Sasol is set to face significant headwinds at its Sasolburg and Secunda operations in the coming decade, including a R30-billion-a-year carbon tax cost. Researchers, having... 


Cameco CEO Tim Gitzel
Cameco sees uranium price inflation from US tariffs
21st February 2025 By: Mariaan Webb

Toronto-listed Cameco has warned that a proposed 10% US tariff on Canadian energy products, including uranium, could lead to significant price inflation in the global uranium market, even though... 


Teck CEO Jonathan Price
Teck CEO downplays potential impact of proposed US tariffs
21st February 2025 By: Mariaan Webb

Canadian copper and zinc miner Teck Resources CEO Jonathan Price has moved to assure investors that the company remains well positioned, despite potential trade tariffs that may be imposed by the... 


Image of Anjo plant aquifer thermal energy storage (ATES) system
Anjo plant aquifer thermal energy storage system, Japan
21st February 2025 By: Sheila Barradas

Manufacturer and distributor of automotive parts Aisan Industry Co plans to build a large-scale aquifer thermal energy storage system, which uses groundwater as a heat source for heating and... 


BOLSTERING PRESENCE
The project is set to bolster Namibia’s position as one of the world’s leading uranium producers
Uranium mine moving closer to production
21st February 2025 By: Simone Liedtke

The Namibia-based Etango uranium project of Australian uranium development company Bannerman Energy is advancing towards production, with first uranium output expected in 2028. The project is set... 


JOHN SISAY
Despite Namibia’s growing reputation in the global mining sector, much of its land remains underexplored
Mining sector in global spotlight
21st February 2025 By: Simone Liedtke

Namibia’s mining industry is gaining global recognition, driven by strong regulations, clear policies and a commitment to economic growth, reports copper mining company Consolidated Copper CEO John... 


The above image depicts Zero USV MD Matthew Ratsey
Uncrewed surface vehicles transform maritime security, defence
21st February 2025 By: Lynne Davies

Uncrewed surface vehicles (USVs) are redefining defence and security by enhancing efficiency and reducing risks in maritime operations, says marine automation company Zero USV. By removing the... 


An image of Servaas Kranhold
Sector performance predicated on successful energy adaptation
21st February 2025 By: Lumkile Nkomfe

While mining companies in South Africa are increasingly setting ambitious carbon net zero targets, translating these into tangible actions is a long-term challenge, highlights global professional... 


An image of Joseph Mainama
Due diligence a cornerstone of mining’s future – consultancy
21st February 2025

It is increasingly vital for shareholders and financiers to get expert and independent corroboration on mining resources, plans, valuations and other aspects of each venture as mining projects are... 


An image of Shammy Luvhengo
Coal to remain relevant in energy transition – miner
21st February 2025 By: Lumkile Nkomfe

The concurrent use of coal and renewable energy has been identified as a tenable strategy for development of emerging players in South Africa’s mining sector, says midtier coal miner Ndalamo... 


An image of Vuslat Bayoglu
Budding developer prioritises diversification
21st February 2025 By: Lumkile Nkomfe

More opportunities are likely to emerge in the manganese value chain in future, following anticipated growth in demand for manganese ore and its products including ferromanganese. “This is being... 


PROMISING PROSPECT
Exploration programmes at Lithium Ridge have found continuous mineralisation along a 6 km strike length, with reverse circulation drilling intercepting lithium grades of up to 2.13% lithium oxide
Partnership inked to develop lithium mine
21st February 2025 By: Donna Slater

As a testament to Namibia being a Tier 1 mining jurisdiction, specialty minerals miner SQM has partnered with critical raw materials producer Andrada Mining, contributing a $20-million investment... 


An image of Nivaash Singh
Regulations continue to discourage explorers
21st February 2025 By: Lumkile Nkomfe

Mining regulations in South Africa are hindering any meaningful exploration activity, with explorers reducing prospecting budgets, and exploration capital being deployed elsewhere where such... 


An image of Ralf Hennecke
Endeavouring to reach 2030 ESG targets
21st February 2025

Closer collaboration within Africa’s mining ecosystem will be required if the sector is to meet its ambitious environmental, social and governance (ESG) targets for 2030, reports blasting... 


Shaping customs future
21st February 2025 By: Riaan de Lange

Do you still have space on your New Year’s resolution list or want to make a change? Or does the list already need an overhaul? If a change or refocusing is required, and if you are a customs and... 


Photo of Martin Creamer
South Africans must seize new-era opportunities to offset global disruption
21st February 2025 By: Martin Creamer

To offset the current global disruption, all South Africans must focus on seizing every economic opportunity that pops up, as we enter a new economic era. All prospects must be communicated like... 


Huawei powers South African farm with solar, stored energy
21st February 2025 By: Natasha Odendaal

Global information and communication technology infrastructure and smart devices provider Huawei has installed a LUNA2000 2.0 MWH battery energy storage system (BESS) at Sunspot Farm, in Montagu,... 


Magazine cover image
Eight takeaways from an in-flux 2024 new-vehicle market
21st February 2025 By: Irma Venter

It may have been 60 years ago, but Bob Dylan’s 1964 hit perhaps best describes conditions in last year’s automotive market – The Times They Are A-Changin’ 2024 was the year in which the dominance... 


Copper demand, prices likely to boom, despite uncertain macroeconomics
21st February 2025 By: Irma Venter

When looking ahead to 2050, the global economy is probably going to need about 80% to 90% more copper than what is being produced today – which adds up to between 50-million and 60-million tons a... 


Image of solar installation and battery energy storage system
GCO mine off-grid hybrid project, Senegal
21st February 2025 By: Sheila Barradas

JUWI Renewable Energies South Africa and Eramet Grande Côte plan to build one of the largest off-grid hybrid installations in Senegal. 


Image of lithium ore on a conveyor
Mariana lithium brine project, Argentina – update
21st February 2025 By: Sheila Barradas

The project has started production. 


Artists impression of the Natrium reactor
Natrium reactor and energy storage system, US – update
21st February 2025 By: Sheila Barradas

Nuclear innovation company TerraPower has awarded contracts to three suppliers for the project.  


Image of gold ore
Stibnite gold project, US – update
21st February 2025 By: Sheila Barradas

Mining exploration and development company Perpetua Resources Corp has started detailed engineering and a procurement contract with Idaho Power for powerline materials. 


Image of Raven infills
West Nile Delta gas development – Raven field project, Egypt – update
21st February 2025 By: Sheila Barradas

British multinational oil and gas company bp announced the start of production from the second development phase of the Raven field on February 16, 2025. 


Hydropower study confirms sustainable, low-cost power supply for Orom-Cross
20th February 2025 By: Sabrina Jardim

London-listed Blencowe Resources has completed an initial hydropower study for its Orom-Cross graphite project, in Uganda. The study confirms the availability of abundant, low-cost and renewable... 


Mondi posts 13% y/y drop in Ebitda amid difficult trading conditions
20th February 2025 By: Sabrina Jardim

Packaging and paper group Mondi has reported a 13% year-on-year decrease in underlying earnings before interest, taxes, depreciation and amortisation (Ebitda) to €1.05-billion for the year ended... 


The Rosh Pinah Solar Park
Appian to acquire the majority shareholding in Rosh Pinah Solar Park
20th February 2025 By: Sabrina Jardim

Metals and mining private capital investor Appian Capital Advisory has announced that it will acquire the majority shareholding in Rosh Pinah Solar Park (RPSP) from Emesco Energy to exclusively... 


Gold Fields CEO Mike Fraser
Gold Fields boosts free cash, uplifts dividend, outlines South Deep renewables outlook
20th February 2025 By: Martin Creamer

Johannesburg- and New York-listed Gold Fields on Thursday, February 20, delivered an attributable profit of $1 245-million for the year to the end of December, which was well up on the $703-million... 


AfDB Climate Change and Green Growth Department director Anthony Nyong
Although global challenges exist, Africa has great opportunities in meeting climate change 
20th February 2025 By: Rebecca Campbell

Although the world is today facing critical challenges, there are great opportunities for Africa to be a leader in countering climate change. So affirmed Côte d’Ivoire-based African Development... 


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