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Rising rates are reshaping once-lucrative commodity trades

By: Bloomberg 20th March 2023 Higher interest rates are forcing commodity traders to rethink some deals and push up prices, in the latest example of how a period of rapid central-bank hiking is reshaping global business. The companies that buy, sell and transport the world’s natural resources are particularly vulnerable to... →

Coal miner Exxaro to build 68 MW solar power plant in Limpopo

By: Martin Creamer 16th March 2023 Financial close is expected at the end of this month for construction in the second quarter of this year of a 68 MW solar power plant at a cost of between R1.52-billion and R1.56-billion, Exxaro CEO Dr Nombasa Tsengwa said during Thursday’s record-earnings presentation by the coal, energy and... →

Manufacturer focused on anti-theft, -vandalism signalling equipment

By: Tracy Hancock 10th March 2023 The prevention of vandalism and theft of rail infrastructure continues to be a significant money pit for the South African passenger and freight rail industry. State-owned entity Passenger Rail Agency of South Africa (PRASA) spends R1-billion a year to protect its infrastructure from vandalism,... →

Third-party access crucial for sector

By: Tracy Hancock 10th March 2023 Rail industry representative African Rail Industry Association (ARIA) is driven by a mandate to facilitate public–private partnerships (PPPs) as a tool to revitalise the South African rail industry, with CEO Mesela Kope-Nhlapo declaring 2023 the year of third-party access. “It is in the country’s... →

KP Lime looks to expand with an additional pit

By: Donna Slater 3rd March 2023 Global commodities trader IMR Resources is set to expand its Kgatelopele Lime (KP Lime) mine, in the Northern Cape, with a second openpit operation that is expected to be built within the next two years in close proximity to the currently in-use Bowden pit. Previously owned by construction... →

Junior miner allocations won't impact existing manganese slots – TFR

By: Donna Slater 28th February 2023 State-owned rail operator Transnet Freight Rail (TFR) says its opening of rail capacity allocations to junior miners will not impact existing guaranteed manganese miner export allocations. As part of what it says is an expansion of rail capacity allocation and efforts to create a more inclusive... →

A $1.5bn hoard of copper and cobalt is piling up in Congo

By: Bloomberg 27th February 2023 A growing pile of copper and cobalt worth about $1.5-billion is stranded in the Democratic Republic of Congo, caught up in a standoff over the future of one of the world’s biggest battery-metal mines. The huge stash of metal is owned by China’s CMOC Group, which is locked in a dispute with its... →

Minerals Council welcomes 125% energy tax break in Budget speech

By: Martin Creamer 22nd February 2023 Minerals Council South Africa welcomed the government’s intervention on Eskom’s debt and the financial encouragement to stimulate businesses building renewable energy projects by offering generous tax incentives as outlined in the 2023 Budget Speech. The Minerals Council believes there should be... →

Sanral, Transnet, Denel among SOEs to receive fiscal support in 2023/24

By: Marleny Arnoldi 22nd February 2023 As State-owned entities (SOEs) continue to rely on government bailouts and dominate the guarantee portfolio of the fiscus, Finance Minister Enoch Godongwana has announced conditional in-year allocations to various SOEs in the National Budget speech delivered on February 22. These include... →

UK eyeing hydrogen production with keen interest into electrolysis – WPIC

By: Donna Slater 17th February 2023 Platinum investment promoter the World Platinum Investment Council (WPIC) says the launch of the UK’s inaugural Hydrogen Week, demonstrates the growing momentum around the use of hydrogen to help achieve decarbonisation targets in the UK. The event – taking place from February 13 to 19 in... →

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