R/€ = 17.60 Change: 0.00
R/$ = 17.63 Change: 0.00
Au 1725.17 $/oz Change: 17.55
Pt 932.64 $/oz Change: 18.64


A landmark $8.5bn climate finance deal hangs in the balance

By: Bloomberg     3rd October 2022 A landmark $8.5-billion deal to help wean South Africa off its dependence on coal is hanging in the balance amid fraught negotiations with rich donor countries over how the funds should be spent. The climate finance deal, unveiled at UN-led talks in Glasgow last year, was hailed as a prototype... 

Southern Africa well-placed to produce renewables, green hydrogen for export – Kearney

By: Schalk Burger     3rd October 2022 A study by global management consultancy Kearney has noted that Southern Africa, which has favourable conditions for renewable energy production, will be able to store renewable energy and export it to areas where renewable energy production is technically or economically limited. “The world’s... 

Yanoal prepays massive debt

By: Esmarie Iannucci     3rd October 2022 ASX-listed coal miner Yancoal will repay $1-billion of debt on October 4, from available cash. The company said on Monday that its decision to undertake another debt prepayment was made possible by the robust coal prices and its focus on optimising its capital structure to deliver future value... 

Zimbabwe wants half of royalties paid in gems, precious metals

By: Bloomberg     30th September 2022 Zimbabwe wants gold, diamond and platinum miners to pay half of their royalties to the government in the commodities themselves and the rest in cash, as the southern African country seeks to build its mineral reserves. The Treasury was concerned that the country does not have reserves of the... 

Makwana returns to lead a new Eskom board that includes five engineers 

By: Terence Creamer     30th September 2022 Public Enterprises Minister Pravin Gordhan has unveiled the names of the much-anticipated new Eskom board, which includes five engineers and a trade unionist, and which will be led by Mpho Makwana, who was appointed executive chairperson at the utility in late 2009 following a previous leadership... 

South Africa is returning to prepandemic levels of economic growth

By: Darren Parker     30th September 2022 South Africa is returning to pre-Covid-19 levels of economic growth, according to the latest ‘KPMG Global Economic Outlook’ report. The global economic research and consulting firm said on September 29 that South Africa remained in a unique position where many of its natural resource exports... 

Challenging year for MC Mining

By: Tasneem Bulbulia     30th September 2022 Coal miner MC Mining says the financial year ended June 30 was challenging for its Uitkomst Colliery, which was affected by the civil unrest in KwaZulu-Natal during July 2021, as well as the colliery’s largest customer beginning with major maintenance and not ordering any stock from March. “This... 

Royal Coal shifts focus to EV metals exploration

By: Mariaan Webb     30th September 2022 Canadian exploration company Royal Coal has entered into an option agreement to acquire a 100% undivided interest in Poissons Blanc nickel/copper/cobalt property, in Quebec. The option repositions the company’s focus on resource exploration of electric vehicle (EV) metals. The Poissons Blanc... 

QRC calls for coal royalty recall as other tax ideas fall

By: Esmarie Iannucci     30th September 2022 The Queensland Resources Council (QRC) has again called on the state government to review the coal royalty rate increases, in the wake of a decision on the state land tax. The Queensland government has shelved changes to the land tax after opposition from the Real Estate Institute of Queensland... 

Maelgwyn leveraging South Africa, African growth to expand business

By: Tasneem Bulbulia     30th September 2022 Owing to the considerable organic growth it has achieved in South Africa and Africa, mineral processing technologies and processes provider Maelgwyn has relocated to a new building, in Boundary Park, North Riding, and is aiming to leverage these premises and the enhanced capacity and capabilities... 

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