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TGME underground project, South Africa – update
23rd February 2024 By: Sheila Barradas

Theta Gold Mines has selected a subsidiary of Power Construction Corporation, of China, for the construction of its TGME gold plant, tailings storage facility and wastewater dams. 


Premium car market outlook murky as South Africans continue to hunt for Asian bargains
23rd February 2024 By: Irma Venter

The South African new-car market has been shifting steadily over the last few years as consumers continue to battle persistent economic headwinds. Times are tough. Interest rates, living costs, fuel prices and new-vehicle price tags are all high, driven by not only international turmoil, but also... 


Kamoa-Kakula, Trafigura become first Lobito railway corridor customers
23rd February 2024 By: Darren Parker

The Kamoa-Kakula Copper Complex, in the Democratic Republic of Congo (DRC), and commodities trader Trafigura have both signed a term sheet outlining the key terms for a reserve capacity agreement for transporting mineral products from the mine along the Lobito Atlantic railway corridor, a new... 


Coal-line criminals identified, must be jailed – Transnet
23rd February 2024 By: Martin Creamer

The criminal syndicates that regularly bring South Africa’s coal export line to a halt have been identified through the intelligence operations that are conducted by Transnet Freight Rail (TFR). What is lacking is the ability of law-enforcement agencies to then work on information, see to... 


Transnet problems force Kumba to moderate output
23rd February 2024 By: Darren Parker

Anglo American subsidiary Kumba Iron Ore CE Mpumi Zikalala has reiterated that State-owned Transnet’s rail performance challenges have placed so much pressure on Kumba’s value chain that the company has had to moderate its production rates. Following the completion of the yearly logistics... 


AMSA sees plausible pathway for salvaging longs unit, but ready to reverse closure deferral if urgent progress is not made
23rd February 2024 By: Terence Creamer

Steel producer ArcelorMittal South Africa (AMSA) has deferred the wind-down of its long-products business by six months amid widespread concern regarding the detrimental impact of the closure on downstream industry and jobs and following consultations with government and other affected... 


Integration of Vale’s Serpentina resource has potential to expand Anglo’s Minas-Rio output
22nd February 2024 By: Darren Parker

Diversified miner Anglo American has agreed to acquire, from Brazilian iron-ore miner Vale, the high-quality Serra da Serpentina iron-ore resource and integrate it into its contiguous Minas-Rio mine. Anglo will continue to control, manage and operate the Minas-Rio operation, including any future... 


Fiscal discipline in Budget, but 5% infrastructure expenditure increase ‘barely positive’ – Minerals Council
22nd February 2024 By: Schalk Burger

Finance Minister Enoch Godongwana maintained focus on fiscal discipline and balancing the need to address socioeconomic challenges facing the country, industry organisation Minerals Council South Africa said in response to the Minister’s Budget Speech on February 21. South Africa, however, needs... 


R4bn may be removed from Eskom debt-relief for failure to meet EFC sale deadline
21st February 2024 By: Terence Creamer

The South African government is proposing to reduce its planned allocations to Eskom under a previously announced R254-billion debt-relief package by R2-billion a year for the 2023/24 and 2024/25 periods, owing to the utility’s failure to dispose of the Eskom Finance Company (EFC) by the agreed... 


Mozambique port critical to chrome exports gets upgraded railway link
21st February 2024 By: Bloomberg

The biggest port in Mozambique that’s become a key hub for global chrome exports will upgrade a railway link, bolstering a planned $2-billion capacity expansion. The African Development Bank is financing the purchase of $40-million of locomotives and wagons and another $30-million is under... 


Kumba weathers headwinds but 490 jobs at risk as it reconfigures business
20th February 2024 By: Tasneem Bulbulia

Anglo American subsidiary Kumba Iron Ore delivered solid operational and financial results for the year ended December 31, 2023, despite macroeconomic challenges; however, about 490 jobs could be at risk owing to a proposed reconfiguration to mitigate the logistics challenge, CEO Mpumi Zikalala... 


Integrated infrastructure service offering enables Bigen’s sustainability
20th February 2024

To remain sustainable amid the current economic climate, infrastructure development company Bigen has structured its product offering to provide its clients a one-stop service. “This has allowed Bigen to secure large project appointments and facilitated our Africa expansion strategy. Our... 


2024 could be ‘turning point’ for infrastructure sector
16th February 2024 By: Lumkile Nkomfe

Amid an evolving political landscape and the imminent challenges of an upcoming national election, Consulting Engineers South Africa (Cesa) underscores the critical need to expedite infrastructure development and for continuity in South Africa, emphasizing the importance of proactive planning and... 


Empire State mine, US
16th February 2024 By: Sheila Barradas

A zinc mine in the state of New York, in the US. 


Decline in coal line security incidents is improving performance – Transnet
16th February 2024 By: Martin Creamer

Security incidents that disrupt trains transporting coal to South Africa’s Richards Bay Coal Terminal (RBCT) for export to the world are in definite decline and that has certainly helped to improve performance, acting Transnet Freight Rail CE Russell Baatjies emphasised to Mining Weekly during... 


New Gautrain CEO starts steering strategic expansions
16th February 2024 By: Marleny Arnoldi

Gautrain Management Agency CEO Tshepo Kgobe has assumed his role as of February 1, following the company’s announcement to this effect in September last year. He previously served as COO of Gautrain since 2020 and has diverse technical expertise in infrastructure, energy, mining and rail.... 


Initial signs energy supply is stabilising, logistics to endure for longer – Minerals Council 
16th February 2024 By: Irma Venter

The domestic mining industry is looking at 2024 as a year of stabilisation, rather than growth, says Minerals Council South Africa CEO Mzila Mthenjane. The industry continues to face persistent challenges such as loadshedding, an ailing logistics sector, and a declining commodity market. 


New-vehicle sales slide continues
16th February 2024 By: Irma Venter

New-vehicle sales declined by 3.8% in January, to 41 636 units, compared with the same month last year. This continued the decline in new-vehicle sales witnessed in the last five months of 2023. 


Reform momentum
16th February 2024 By: Terence Creamer

From an economic perspective, the most important signal provided by President Cyril Ramaphosa in his State of the Nation Address was that the reform agenda remains in place, and that it will be underpinned by fiscal restraint and ongoing efforts to rebuild credible governance and institutional... 


EIB in talks with South Africa over loan for ports, freight rail
15th February 2024 By: Bloomberg

The European Investment Bank (EIB) said it’s in talks to loan South Africa money to upgrade its port and freight-rail infrastructure as its first contribution to a decarbonization pact known as the Just Energy Transition Partnership. The loan, the size of which the EIB didn’t disclose, is part of... 


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