R/€ = 19.4494 Change: 0.0209
R/$ = 17.8516 Change: 0.0514
Au 1980.39 $/oz Change: -0.05
Pt 982.26 $/oz Change: 13.67


Ramaphosa highlights importance of new rail Infrastructure Manager in paving way for private operators 

By: Terence Creamer     28th March 2023 President Cyril Ramaphosa has described the establishment of a separate Infrastructure Manager (IM) within Transnet Freight Rail (TFR) as a crucial step towards creating a level playing field for public and private operators on the country’s rail network. In a statement issued following a meeting... 

Consortium to develop green corridor for shipping South African iron to Europe 

By: Darren Parker     22nd March 2023 A new consortium is set to explore the options for developing a maritime green corridor for the zero-emission shipping of iron-ore between South Africa and Europe, the Global Maritime Forum (GMF) announced on March 22. This initiative is the first of its kind from Africa and is a step forwards in... 

Safety environment that almost guarantees that people come first is a must, says Naidoo  

By: Martin Creamer     20th March 2023 Mine safety is absolutely essential. Stopping injury and fatality in mines just has to happen. How can South Africa achieve the zero harm that is needed? This was Mining Weekly’s opening question to Dilley Naidoo, the director of business development at Rifle-Shot Performance. (Also watch... 

Grindrod plans commodity portfolio expansion in hunt for growth

By: Irma Venter     17th March 2023 Logistics specialist Grindrod aims to “deconcentrate” its portfolio of commodities, says CEO Xolani Mbambo. Unveiling the company’s financial results for the year ended December 31 last week, he noted that Grindrod had been doing exceptionally well in handling large volumes of chrome,... 

Private LTE networks expected to uplift Africa’s industrial, manufacturing sectors in 2023

By: Natasha Odendaal     17th March 2023 As demand for private long-term evolution (LTE) networks across Africa increases, there are expectations that it could boost the operations of the industrial and manufacturing sectors during 2023. Africa’s heavy industrial and manufacturing sectors are increasingly harnessing private LTE... 

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... 

Exxaro earnings soar, final dividend down

By: Martin Creamer     16th March 2023 Coal, energy and ferrous markets company Exxaro reported strongly rising revenue in its year-end results for the year ended December 31, which boosted earnings before interest, taxes, depreciation and amortisation (Ebitda). The 41% higher revenue at R46.4-billion was the main driver for the 78%... 

Peru mining exports fall almost 20% year/year in January amid protests

By: Reuters     15th March 2023 Peruvian mining exports dropped 19.8% in January compared to the same month last year, the sector's business chamber said on Tuesday, in the wake of devastating protests that have rocked the country in recent months. Total mineral exports in the month totaled $2.473-billion dollars compared to... 

China removes all remaining curbs on Australian coal imports

By: Bloomberg     14th March 2023 China will allow all domestic companies to import Australian coal, signaling an end to trade restrictions imposed in late 2020. Ports and customs offices have been told to allow the cargoes, according to people familiar with the decision, who asked not to be identified because the information... 

MC Mining appoints new nonexecutive directors

By: Darren Parker     10th March 2023 JSE-listed coal exploration, development and mining company MC Mining has announced the appointment of Yi Christine He as nonexecutive director. She has a bachelor’s degree in English literature from Sichuan University and more than 20 years’ experience at senior management level. Her broad... 

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