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Hugo Pienaar.
Hugo Pienaar.
Green hydrogen must be allowed to decarbonise optimally, Junior Indaba hears
23rd May 2024 By: Martin Creamer

Green hydrogen must be made cheap enough to decarbonise optimally at a time when the delay in emission reduction needs to be reversed if the world is to hit net zero by 2050. A range of factors need to be aligned relating to policy, technology,... 


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Zimbabwe state miner says lithium assets attract investors
23rd May 2024 By: Bloomberg

Zimbabwe’s state-owned miner Kuvimba Resources said its lithium assets are attracting potential investors from both China and other countries. Kuvimba has identified a lithium ore resource of 38... 


madison drilling campaign at Khan
Madison begins drilling at Namibian uranium project
23rd May 2024 By: Darren Parker

Toronto-based Madison Metals has started its maiden 2024 drill programme at the Khan project at Madison West in Namibia’s Erongo uranium province.  In April, the company announced that it had... 


Metallica puts Cape Flattery development works on hold amid takeover
Metallica puts Cape Flattery development works on hold amid takeover
23rd May 2024 By: Mariaan Webb

Takeover target Metallica Minerals has suspended the majority of the planned project development works at its Cape Flattery silica project, in Queensland, citing the unsolicited, offmarket takeover... 


Enviro thumbs-up for Image’s mineral sands mine
23rd May 2024 By: Creamer Media Reporter

The Atlas mineral sands project, north of Perth in Western Australia, has received environmental approval, ASX-listed Image Resources reported on Thursday. The approval from Energy, Environment... 


Russia's Nornickel board proposes no dividend for 2023 results
23rd May 2024 By: Reuters

The board of Russian metals and mining giant Nornickel recommended no dividend on its 2023 results, a year when the company faced significant pressure from sanctions restrictions and geopolitical... 


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Activist investor asks Rio Tinto to give up London listing, FT reports
23rd May 2024 By: Reuters

A UK-based activist investor has called for Rio Tinto to abandon its London listing and unify its corporate structure in Australia instead, the Financial Times reported on Thursday. Palliser... 


Pakistan coal miners face expansion issue as China stops funding
Pakistan coal miners face expansion issue as China stops funding
23rd May 2024 By: Bloomberg

Chinese and other major lenders are increasingly reluctant to invest in Pakistan’s expansion of coal mines, according to the head of a local producer. “The real challenge for us is financing,”... 


Hudbay upsizes bought-deal offering
23rd May 2024 By: Creamer Media Reporter

Base metals company Hudbay Minerals has increased the size of its previously announced equity offering from $300-million to $350-million. Underwriters will now buy 36.84-million shares at $9.50... 


Faraday Copper raises C$20m
23rd May 2024 By: Creamer Media Reporter

Canadian company Faraday Copper on Wednesday announced a C$20-million bought-deal financing to advance the exploration and development of its Copper Creek project, in Arizona, US. Faraday entered... 


SQM swings to $870m loss as oversupply sinks prices
23rd May 2024 By: Reuters

Chilean mining company SQM, the world's second-largest lithium producer, on Thursday posted a net loss of $870-million for the first three months of the year, as oversupply of the metal needed for... 


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Troubled Peru copper mine starts expansion work in supply boost
Troubled Peru copper mine starts expansion work in supply boost
23rd May 2024 By: Bloomberg

China’s MMG is hopeful it can start digging copper from a new pit at its giant Las Bambas project in Peru by the end of this year, bringing some much-needed extra supply to a tightening global... 


Ruins of the Panguna mine that ceased operations in 1989.
Rio Tinto and Bougainville Copper face class action over mine impact
23rd May 2024 By: Mariaan Webb

Miners Rio Tinto and Bougainville Copper (BCL) on Thursday confirmed that class action had been initiated against the companies in Papua New Guinea’s national court. The action, brought forth on... 


Sayona kicks off drilling at 'highly prospective' Tabba Tabba
Sayona kicks off drilling at 'highly prospective' Tabba Tabba
23rd May 2024 By: Creamer Media Reporter

North American lithium producer Sayona Mining has initiated reverse circulation (RC) drilling at its Tabba Tabba project, in Western Australia, where previous air core drilling identified potential... 


The Eraring power station will remain open until August 2027
Eraring coal plant closure delayed by two years
23rd May 2024 By: Bloomberg

Origin Energy will delay the closure of Australia’s largest coal-fired power station amid concerns renewable energy isn’t being added fast enough to keep pace with plans to quit fossil fuels. The... 


BHP shares fall after Anglo American rejects proposal
BHP shares fall after Anglo American rejects proposal
23rd May 2024 By: Reuters

Shares of Australia's BHP Group fell over 3% on Thursday, a day after smaller rival Anglo American rejected its third takeover proposal and agreed to a one-week extension for the deadline to make a... 


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Magazine

Magazine round up | 10 May 2024
Magazine round up | 17 May 2024

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 

SUBSIDY REINSTATED: The International Monetary Fund (IMF) estimates that the reintroduction of a gasoline subsidy in Nigeria could consume almost half of the country’s projected oil revenue this year. President Bola Tinubu halted the subsidy at in mid-2023 to help government repair its finances. However, the removal and a devaluation of the naira, led fuel prices to more than triple, fanning inflation and protests. The IMF said it expects the fuel subsidy to be phased out within two years, as a cash-transfer programme was implemented to cushion poor consumers. Photograph: Bloomberg
SUBSIDY REINSTATED

The International Monetary Fund (IMF) estimates that the reintroduction of a gasoline subsidy in Nigeria could consume almost half of the country’s projected oil revenue this year. President Bola... 

Photo of Martin Creamer
Green energy collaboration a must to reindustrialise South Africa

The industrialisation that South Arica has lost in the last few decades can be more than regained by the country collaborating fully when it comes to green electrons, green molecules and the new... 

Photo of Terence Creamer
Unintended consequences?

It is highly unlikely that South Africa would have made the progress it has in stabilising electricity supply and setting in place initiatives to halt the collapse of the country’s... 

Business Leader

 	Mike Benfield, Group CEO of Macsteel Service Centres South Africa
Mike Benfield

This week we profile Mike Benfield, Group CEO of Macsteel Service Centres South Africa, a merchandiser and distributor of steel and value-added steel products 



DEVASTATING: The deadly collapse of a building in George while under construction is simply devastating for the families of the workers who perished. It has also raised a number of questions about the state – including the state of safety – of South Africa’s building and construction industry. The industry today is almost unrecognisable from what it was before so many of the country’s listed building majors either closed due to financial distress or exited the sector.
DEVASTATING

The deadly collapse of a building in George while under construction is simply devastating for the families of the workers who perished. It has also raised a number of questions about the state –... 

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