Search Results for "rail"
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...
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...
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...
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...
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...
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...
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...
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...
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....
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 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.
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...
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...
National mineral research council Mintek has acquired a laser powder bed fusion three-dimensional (3D) printer, which positions the organisation as a unique player in the mineral processing and manufacturing industry. The acquisition of the machine, called the GE Additive Concept Laser Mlab...
In this article, policy advisor and Associate Fellow of Chatham House Sheila Khama writes that the Investing in African Mining Indaba is progressively repositioning itself internally but also being shaped by external forces. Just 15 years ago, being a miner felt like pushing water uphill. The...
US-based mineral exploration and development company High Power Exploration (HPX), which is backed by Ivanhoe Mines co-chairperson Robert Friedland, has signed a letter of intent (LoI) with the Liberian government and pan-African diversified investment and operations group Guma Africa Group to...
US International Development Finance Corporation (DFC) deputy CEO Nisha Biswal has announced new financing in support of the Lobito Corridor, which extends across Angola, Zambia and the Democratic Republic of the Congo (DRC), at this year’s Partnership for Global Infrastructure and Investment’s...
A coal mine in he southern coalfields of New South Wales, Australia.
The sustainability of the South African mining industry and its ability to play a meaningful and positive role in society and the economy are dependent on urgent and extensive structural reforms in the energy and logistics sectors, mining industry organisation the Minerals Council South Africa...
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