Swagefast (Pty) Ltd.

US sanctions Russian metals magnate and , firms https://zurl.co/Zmgs

US sanctions Russian metals magnate Sviblov and gold, zinc firms The US imposed sanctions on Russian mining magnate Vladislav Sviblov and several mining companies connected to him, including one that’s developing one of the world’s largest zinc mines. The sanctions are the latest move against the Russian metals and mining sector, and come after the UK imposed...

Petra Diamonds Official announces potential sale of https://zurl.co/5VSb

Petra announces potential sale of Koffiefontein London-listed Petra Diamonds has entered into a nonbinding term sheet on an exclusive basis with an undisclosed interested party for the potential sale of the Koffiefontein diamond mine, in South Africa. The diamond miner has been exploring a responsible exit from Koffiefontein since April 2022, wi...

urged to embrace international council’s new Scope 3 emissions guidance https://zurl.co/H2no

Mining urged to embrace international council’s new Scope 3 emissions guidance All mining and metals companies are being urged to embrace new guidance on reducing Scope 3 emissions, which was published by the International Council for Mining and Metals (ICMM) on Wednesday. The guidance is a tool to assist mining companies in their engagement with the financial sector, investor...

Trucks and Buses enters the local bus market with new 36-seater https://zurl.co/0ULc

Eicher enters the local bus market with new 36-seater Eicher Trucks and Buses has entered the South African bus market, starting with the 36-seater, Euro 3-compliant Skyline Pro 3009 bus. “We are pleased to introduce the Eicher Skyline Pro bus series in South Africa,” says VE Commercial Vehicles (VECV) Africa international business head Anirvan Ba...

to release 2500MW RFP by March, despite plan review https://zurl.co/7mrr

South Africa to release 2 500 MW nuclear RFP by March, despite electricity plan review The South African government will publish a request for proposals (RFP) for 2 500 MW of new nuclear capacity by March 2024, following the National Energy Regulator of South Africa’s (Nersa’s) concurrence with a procurement determination published in 2020. Nersa’s concurrence, which was provid...

Global use at power plants will peak in 2023, Rystad says https://zurl.co/wCWA

Global coal use at power plants will peak in 2023, Rystad says Global power-production from coal will peak this year as surging deployment of renewables displaces the dirtiest fossil fuel, according to research from Rystad Energy. Burning coal will produce about 10 373 TWh of electricity worldwide in 2023, and then slip to 10 332 TWh next year, according to a M...

Petra Diamonds Official says prices have likely bottomed; secures increase in credit facility https://zurl.co/iEwx

Petra says prices have likely bottomed; secures increase in credit facility Diamond mining group Petra Diamonds has sold 462 794 ct of diamonds for $58.7-million in its third tender for the 2024 financial year. This is higher than the 444 029 ct sold for $41.5-million in the second tender of the current financial year and the 303 300 ct sold for $41.5-million in the thir...

challenges force to cut its production guidance for 2024, 2025 https://zurl.co/ts6k

Logistics challenges force Kumba to cut its production guidance for 2024, 2025 Although South African iron-ore miner Kumba Iron Ore has continued to deliver improved operational stability at both its Sishen and Kolomela mines, the logistical constraints facing the country has resulted in “unsustainable levels” of stock building up at the two operations. “In light of pers...

SEIFSA warns of dire consequences if government fails to intervene on ArcelorMittal South Africa longs closure https://zurl.co/LzwF

Seifsa warns of dire consequences if govt fails to intervene on AMSA longs closure The Steel and Engineering Industries Federation of Southern Africa (Seifsa) is calling on government to take urgent and decisive action to support the domestic steel sector following ArcelorMittal South Africa’s (AMSA’s) announcement that it intends winding down its long-products business. In a ...

reform bears fruit with 1 185 generators now registered with NERSA RSA https://zurl.co/OtqI

Electricity reform bears fruit with 1 185 generators now registered with Nersa The National Energy Regulator of South Africa (Nersa) reports that it registered a further 98 generation facilities – with a combined capacity of 908 MW and an investment value of R17.3-billion – during the second quarter of its 2023/24 financial year. These registrations, which took place from ...

targets 1Mt boost in tightening market https://zurl.co/Twy5

Chile targets 1Mt copper boost in tightening market Chile is targeting an acceleration of its nascent copper-production recovery over the coming years in what would help fill a predicted supply gap as the energy transition spurs demand for the wiring metal. The government of President Gabriel Boric has set a goal of raising Chile’s production by 1....

Sibanye-Stillwater accelerates with two further projects https://zurl.co/QDnd

Sibanye-Stillwater accelerates decarbonisation with two further renewables projects The financial close and start of construction of two additional renewable energy projects for Sibanye-Stillwater’s South Africa operations has been announced. The first project, the Witberg wind energy project, located near Matjiesfontein in the Western Cape province with a contracted capacity of ...

to ban starting next year https://zurl.co/zXG1

G-7 to Ban Russian Diamonds Starting Next Year Group of Seven nations have agreed to ban Russian diamond imports from the start of next year in the latest move to curb Russia’s ability to fund its invasion of Ukraine. While the G-7 and its European allies have been trying to find additional ways to squeeze Russia’s economy to constrain its a...

Major reshuffle of BHP top executives https://zurl.co/z3lx

Major reshuffle of BHP’s top executives Diversified mining major BHP on Thursday unveiled a major reshuffling of its top executives, assembling a team with the “right mix of skills and experience” to deliver its strategy and pursue its growth agenda. Vandita Pant, currently chief commercial officer, has been appointed CFO, succeeding...

The Boeing Company appoints Henok Teferra Shawl as MD for https://zurl.co/GWuT

Boeing appoints Henok Teferra Shawl as MD for Africa Aerospace company Boeing has appointed Henok Teferra Shawl as MD for Boeing Africa to strengthen the company's operations and relationships across the African continent. In his new role, Teferra Shawl will be based in Addis Ababa, Ethiopia, where Boeing plans to open an office early 2024.

Rio Tinto brings forward production to 2025 https://zurl.co/8oc2

Rio Tinto brings forward Simandou iron-ore production to 2025 Rio Tinto on Wednesday brought forward the start of production from its giant Simandou iron ore project in Guinea to 2025 with plans to spend about $6.2-billion including on port and rail infrastructure. Simandou, set to be the world's largest and highest grade new iron-ore mine, will add around 5%....

Rio Tinto investing $10bn/y in capex, spotlight on https://zurl.co/x3x7

Rio Tinto investing $10bn/y in capex, spotlight on Simandou Diversified major Rio Tinto has earmarked about $10-billion a year in capital investments from 2024 to 2026, with the cornerstone of its investment strategy over the next three years being its equity share of the Simandou iron-ore project, in Guinea. The initial capital allocation for Rio Tinto’s ...

Blackstone Minerals Limited takes option on Mining Limited mine https://zurl.co/CiwV

Blackstone secures option to acquire Canada nickel asset ASX-listed Blackstone Minerals has executed an option agreement to acquire 100% of the Wabowden nickel sulphide project, in the Thompson nickel belt of Manitoba, Canada. With a resource of 1.3-million tonnes of contained nickel, Wabowden could secure all the feed required for its Ta Khoa refinery, i...

Both units to be offline from July unless approves Eskom Hld SOC Ltd licence decoupling request in January https://zurl.co/dffX

Both Koeberg units to be offline from July unless NNR approves Eskom’s licence decoupling request in Jan The National Nuclear Regulator (NNR) will decide in January whether to grant Eskom’s request for the Koeberg Unit 1 and Unit 2 licences to be separated to reflect a later commercial operation date for Unit 2 to enable the unit’s continued operation beyond July 2024. Should the NNR board refuse E...

price hits an all-time high https://zurl.co/Ipfa

Gold price hits an all-time high For many investors, gold is looking hot right now. The precious metal just touched an intraday record $2 135.39 an ounce thanks in part to its haven status: The more volatile the world gets, the better gold tends to do. Bullion has rallied almost 16% since early October, a surge that was initially s...

TotalEnergies to sell stake in Petroleum Refiners of SA (Pty) Ltd (NATREF) refinery to Prax Group https://zurl.co/Zslq

TotalEnergies to sell stake in Natref refinery to Prax Group Global energy company TotalEnergies will sell its 36.36% interest in the Natref refinery in Sasolburg, in South Africa's Free State province, to fellow energy company Prax Group. South African energy and chemicals group Sasol owns a 63.64% interest in the 108 500 bl/d refinery.

Sasol appoints adviser to search for export hub coinvestors https://zurl.co/Lsry

Sasol appoints adviser to search for Boegoebaai hydrogen export hub coinvestors A financial adviser has been appointed to assist Sasol in a search for potential coinvestors into a green hydrogen and ammonia export hub at Boegoebaai, in the Northern Cape, following the completion of a prefeasibility study into the site’s potential. The study, which was initiated in 2021, repor...

Greenfield investment lagging badly, mining’s contribution to economy halved https://zurl.co/LP4X

Greenfield investment lagging badly, mining’s contribution to economy halved The growth of investment in fresh new greenfield mining projects is lagging badly and the contribution of the South African mining industry to the national economy has more than halved in the last two decades, Minerals Council South Africa’s latest Facts and Figures 2022 points out. Net fixed capi...

Durban Container Terminal increases working hours to clear backlog, amongst other measures Port Terminals https://zurl.co/eevV

Durban Container Terminal increases working hours to clear backlog, amongst other measures The Durban Container Terminal (DCT) Pier 2 has increased the ship working hours at some of its berths over the last few days to clear the backlog of vessels at anchor, Durban Terminals has revealed. Over three consecutive days, berth 204 of the Transnet Port Terminals- (TPT-) operated port terminal....

Stefanutti Stocks (Pty) Ltd. reports improved interim revenue, operating profit https://zurl.co/V7ne

Stefanutti Stocks reports improved interim revenue, operating profit JSE-listed Stefanutti Stocks’ contract revenue and operating profit from continuing operations for the six months ended August 31 improved to R3.3-billion and R69-million, respectively, with the group’s overall cash position increased to R687-million. CEO Russell Crawford says the group continue...

Rio Tinto sells stake in project https://zurl.co/Q15r

Rio Tinto sells stake in Canada diamond project Diversified miner Rio Tinto is selling its 75% interest in the Fort à la Corne diamond project, in central Saskatchewan, to joint venture (JV) partner Star Diamond Corp, for shares in the Canadian junior. Star Diamond will issue Rio Tinto Exploration Canada (RTEC) shares that will result in the co...

A showdown over deep-sea is taking place in the Pacific Greenpeace International https://zurl.co/zuvm

A showdown over deep-sea mining is taking place in the Pacific Activists from Greenpeace International have boarded a ship that is conducting deep sea mining research in the Pacific Ocean, vowing to occupy the vessel until it abandons the expedition. It’s the latest collision between a nascent industry intent on mining the seabed for minerals potentially wort...

Up to 571 jobs on the line as Platinum Pty Ltd mulls restructuring of https://zurl.co/c9gQ

Up to 571 jobs on the line as Wesizwe mulls restructuring of Bakubung Platinum group metals miner Wesizwe Platinum's share price on the JSE fell by more than 13% on November 27 after the company announced that its subsidiary Bakubung Minerals will start consultations with organised labour and other stakeholders regarding the possible restructuring of the Bakubung Plat...

Gold Fields Limited takes big new Scope 3 step https://zurl.co/eJZN

Gold Fields takes big new Scope 3 decarbonisation step The global transition to net zero emissions by 2050 requires significant deployment of clean energy technologies and increased material production and infrastructure. This is top of mind within the Martin Preece-led Gold Fields, which has been exemplary when it comes to the commissioning of renewabl...

Ratings downgrades Chilean miner CODELCO CHILE for first time in years https://zurl.co/LCdD

Fitch downgrades Chilean miner Codelco for first time in years Ratings agency Fitch downgraded Chile's State-owned copper giant Codelco's credit rating by one notch to BBB+ from A-, it said in a statement on Wednesday, the agency's first downgrade of the company in five years, though it maintained a stable outlook. "The downgrade of Codelco's ratings is a resul...