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Press Office - WEG Africa

Saudi Arabia’s Maaden raises $1.25bn to fund mining growth
Saudi Arabia’s Maaden raises $1.25bn to fund mining growth
Updated 51 minutes ago By: Bloomberg

Saudi Arabian Mining Co., commonly known as Maaden, has raised $1.25-billion from its debut Islamic bond sale as the company looks to fund a huge expansion program over the next five years. Maaden... 


How Public Development Banks can unite for sustainable and measurable green financial systems
Updated 1 hour 2 minutes ago

The drive for global sustainable development continues to gain momentum, with increasing calls for holistic approaches that address present needs without jeopardising the future. As guardians of... 


Optimising Diesel Refunds in Your Mining Business
Updated 1 hour 15 minutes ago

In today's competitive landscape, optimizing diesel refund claims is essential for businesses in the mining, agriculture and forestry sectors. Diesel refund claims enable businesses, especially... 


Promising renewable diesel pilot production plan announced by powerful partnership
Promising renewable diesel pilot production plan announced by powerful partnership
10th February 2025 By: Martin Creamer

The launch of a pilot initiative to produce feedstock for renewable diesel in South Africa was announced on day two of the Investing in African Mining Indaba taking place in Cape Town. The launch,... 


Trump’s policies to have major impact on global critical minerals sector
7th February 2025 By: Sabrina Jardim

The global minerals and metals sector is expected to face significant volatility owing to expected dollar strength and trade policy shifts led by US President Donald Trump, with sentiment highly... 


President Cyril Ramaphosa
Business cautiously optimistic on SoNA commitments, but execution will be critical
7th February 2025 By: Darren Parker

President Cyril Ramaphosa’s State of the Nation Address (SoNA), delivered on February 6, has been met with cautious optimism. The Bureau of Economic Research (BER) commended the SoNA’s focus on the... 


Indonesia's 2024 coal output hits record high
7th February 2025 By: Reuters

Indonesia produced a record 836-million metric tons of coal in 2024, nearly 18% above its target of 710-million tons, Energy and Mineral Resources Minister Bahlil Lahadalia said on Monday. The... 


Wind turbines, solar panels and hydrogen storage infrastructure
EU set to launch joint buying for hydrogen in September
7th February 2025 By: Reuters

The EU will launch its joint purchasing platform for critical resources with hydrogen buying in September, three EU sources told Reuters. Critical minerals purchases will follow, possibly in the... 


Minister in the Presidency for Planning, Monitoring and Evaluation Maropene Ramokgopa
Medium-Term Development Plan to incorporate 3% growth target
7th February 2025 By: Terence Creamer

South Africa’s Medium-Term Development Plan (MTDP) for the five-year period to 2029 will incorporate the 3% GDP growth target announced by President Cyril Ramaphosa in his State of the Nation... 


African development financier successfully secures major Islamic finance facility
7th February 2025 By: Rebecca Campbell

African infrastructure and industrial development funding agency, the Africa Finance Corporation (AFC), has made a successful strategic return to the Islamic finance market, after a gap of eight... 


Relative to global counterparts, sub-Saharan African CEOs bullish about global economy future – PwC report
7th February 2025 By: Tasneem Bulbulia

Sixty-three per cent of sub-Saharan Africa CEOs surveyed in PwC’s twenty-eighth ‘Annual Global CEO Survey: Sub-Saharan Africa perspective’ report say they are increasingly optimistic about the... 


Data Centre Transformation Paves the Way for AI’s Rise in Africa
Data Centre Transformation Paves the Way for AI’s Rise in Africa
7th February 2025

By: Wojtek Piorko - MD for Africa at Vertiv Africa is on the threshold of a technological revolution, with artificial intelligence (AI) and generative AI (GenAI) reshaping global industries and... 


Alex Dall
Surprise turn as Gold Fields' permanent financial task now falls to interim CFO Dall
7th February 2025 By: Martin Creamer

Phillip Anthony Murnane will no longer be the new CFO of Gold Fields, as was announced on the JSE Stock Exchange News Service (SENS) in August last year. Instead, as from March 1, that role will be... 


President Cyril Ramaphosa
Mixed reactions to Ramaphosa’s SoNA
7th February 2025 By: Thabi Shomolekae

Opposition parties have expressed mixed reactions to President Cyril Ramaphosa’s State of the Nation Address, with the GOOD Party praising Ramaphosa’s steady and diplomatic tone in the face of US... 


Cochilco expects copper price to be $4.25/lb through 2026
Cochilco expects copper price to be $4.25/lb through 2026
7th February 2025 By: Reuters

Chile's state copper commission Cochilco held its copper price forecast for 2025 steady at $4.25/lb and also used the same price for its new 2026 projection, the agency said on Thursday. Cochiloc... 


Digitalisation in mining – the advantage you need now
Digitalisation in mining – the advantage you need now
7th February 2025

By: Johan Pretorius, MMM Segment Lead, Anglophone Africa and Hennie Colyn, MMM, Strategic Account Executive (RKAM) at Schneider Electric If one had to define digitalisation, phrases like “improved... 


Energy and Minieral Resources Minister Jonathan Wilkinson
Canada invests in Quebec's critical minerals research, infrastructure developments
7th February 2025 By: Mariaan Webb

Energy and Natural Resources Minister Jonathan Wilkinson on Thursday announced up to C$43.5-million in investments under two critical mineral funding programmes to help advance critical minerals... 


EY tax partner Duane Newman
Nersa’s carbon tax decision may signal extension of prevailing approach to electricity price neutrality
7th February 2025 By: Terence Creamer

The National Energy Regulator of South Africa’s (Nersa’s) recent decision to disallow Eskom from raising revenue through the tariff for carbon taxes may indicate that the National Treasury has... 


Engen Helps Power Hillview Secondary School with a Sustainable Future
Engen Helps Power Hillview Secondary School with a Sustainable Future
7th February 2025

Engen is proud to announce the successful launch of a cutting-edge solar power system at its Engen Maths and Science School (EMSS) at Hillview Secondary School in South Durban. This initiative... 


Nosiphiwo Mzamo, CEO of the State Diamond Trader
Nosiphiwo Mzamo
7th February 2025 By: Creamer Media Reporter

This week we profile Nosiphiwo Mzamo, CEO of the State Diamond Trader, a State-owned entity operating in the diamond industry that aims to grow local diamond beneficiation 


Magazine Cover image
Critical minerals miners urged to integrate circularity, communities from start
7th February 2025 By: Marleny Arnoldi

Circularity and community engagement have emerged as key factors for critical minerals mining as more countries and companies turn their focus to the “new” minerals required for green energy and... 


An image of Gavin Erasmus
Logistics innovation, investment will benefit the economy
7th February 2025 By: Trent Roebeck

The numerous and imminent innovations and trends in the African logistics sector, while presenting challenges, could result in several benefits for businesses and industry, particularly mining,... 


An image of rental forklifts in a warehouse
Rental solutions benefit materials handling projects
7th February 2025

Short-term rental solutions for materials handling equipment can be highly beneficial for operations, such as agriculture, logistics and warehousing, which are accompanied by fluctuating needs. In... 


An image of metallurgical silicon production at Ferroglobe's plant in Sabón, which has three furnaces in operation
Producer eyes increased silicon metal production
7th February 2025 By: Nadine Ramdass

In an effort to strengthen the US silicon metal supply chain and meet forecasted demand in growing industries, such as electric vehicles (EVs), silicon metal and silicon-based alloys producer,... 


Water resilience strategies key to avoiding water-shedding
7th February 2025 By: Natasha Odendaal

In the wake of South Africa adjusting to the prolonged impact of the now-eased loadshedding, water-shedding has emerged as another significant risk, threatening to the sustainability of businesses... 


Location map of the Lance Projects
Lance Projects – Ross and Kendrick production areas, US – update
7th February 2025 By: Sheila Barradas

The production of the first dry yellowcake is scheduled for the June quarter of 2025. 


Akkuyu on-shore pumping station
Akkuyu nuclear power plant project, Türkiye – update
7th February 2025 By: Sheila Barradas

The startup and adjustment phases have started on the main equipment of the on-shore pumpstation of Akkuyu's Unit 1. 


Image of pumped storage facility
Lewis Ridge pumped-storage project, US
7th February 2025 By: Sheila Barradas

Rye Development is building the first pumped-storage hydropower facilities built in the US in more than 30 years. 


Image of BESS facility
Battery energy storage system projects, Saudi Arabia
7th February 2025 By: Sheila Barradas

Saudi Power Procurement Company, under the supervision of the Ministry of Energy, is building four battery energy storage system facilities with a total storage capacity of 8 000 MWh in Saudi Arabia. 


Energy debate likely to shift from availability to affordability – Cape Town mayor
7th February 2025 By: Irma Venter

With power utility Eskom breaching 300 days without loadshedding, the national energy debate is likely to shift from availability to affordability, says Cape Town mayor Geordin Hill-Lewis.... 


Photo of Terence Creamer
Transition momentum
7th February 2025 By: Terence Creamer

Recent developments in South Africa’s electricity market point to there being growing, albeit still nascent, momentum behind the country’s energy transition. They also suggest that the transition... 


Magazine Cover image
Critical minerals miners urged to integrate circularity, communities from start
7th February 2025 By: Marleny Arnoldi

Circularity and community engagement have emerged as key factors for critical minerals mining as more countries and companies turn their focus to the “new” minerals required for green energy and... 


Image of solar panels
Sabodala-Massawa mine solar photovoltaic plant, Senegal – update
7th February 2025 By: Sheila Barradas

Construction of the power plant has been completed. 


Image of uranium ore
Patterson Lake South uranium project, Canada – update
7th February 2025 By: Sheila Barradas

Paladin Energy has signed a mutual benefits agreement with Buffalo River Dene Nation. 


Image of wind turbines for Seriti Green's Ummbila Emoyeni wind energy facility
Ummbila Emoyeni wind energy facility, South Africa – update
7th February 2025 By: Sheila Barradas

Nine turbines, including 27 blades and other components, are being transported on the N2, from Richards Bay to the facility. 


Blackstone to acquire Mankayan copper/gold project in merger with IDM
Blackstone to acquire Mankayan copper/gold project in merger with IDM
6th February 2025 By: Creamer Media Reporter

Australia-listed Blackstone Minerals on Thursday announced a binding scheme implementation deed with IDM International for an all-scrip merger, securing ownership of the Mankayan copper/gold... 


Toro advances Lake Maitland scoping study update
6th February 2025 By: Creamer Media Reporter

Western Australia-focused uranium developer Toro Energy has completed the re-optimisation of the potential mining pit at its Lake Maitland uranium/vanadium project, marking a key step towards the... 


Hudaco’s full-year performance shows signs of recovery
6th February 2025 By: Tasneem Bulbulia

JSE-listed Hudaco Industries is “very pleased” with its financial results for the full-year ended November 30, 2024, with signs of improvement seen in the latter months following a poor first-half... 


EWSETA partners with Veer Energy to provide renewable energy skills development
6th February 2025 By: Schalk Burger

The Energy and Water Sector Education and Training Authority (EWSETA) has partnered with renewable energy infrastructure company Veer Energy to provide training for youth to build meaningful... 


Dr Nombasa Tsengwa
Tsengwa resigns as Exxaro CEO
6th February 2025 By: Creamer Media Reporter

Dr Nombasa Tsengwa has resigned as CEO and board member of Exxaro Resources, with immediate effect. She was placed on a precautionary suspension in December, pending the outcome of an independent... 


Salga president Bheke Stofile
Salga wants SoNA to address municipal challenges
6th February 2025 By: Thabi Shomolekae

As the country braces for the seventh administration’s State of the Nation Address (SoNA), South African Local Government Association (Salga) President Bheke Stofile extended his best wishes to... 


Webber Wentzel Announces Strategic Appointments to Strengthen Key Practice Areas
Webber Wentzel Announces Strategic Appointments to Strengthen Key Practice Areas
6th February 2025

Webber Wentzel, a leading African law firm, is pleased to announce the appointment of a group of accomplished professionals to its team. These strategic appointments underscore the firm’s... 


DRDGOLD expects to report up to 70% increase in EPS, HEPS
6th February 2025 By: Sabrina Jardim

JSE-listed DRDGOLD says it expects to report earnings per share (EPS) and headline earnings per share (HEPS) of between 109.2c and 116c for the six months ended December 31. That compares with the... 


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The Southern African Institute of Mining and Metallurgy
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The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

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Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

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Interview at Investing in African Mining Indaba 2025 featuring Airbus MD Nam-Binh Hoang
Airbus products enable a modern, connected life
5th February 2025

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