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Trevali accelerates T90 programme as its bolsters liquidity
By: Mariaan Webb 7th August 2020 Base metals miner Trevali has secured additional liquidity of up to $45-million from its long-term syndicate of lenders and its largest shareholder, Glencore. The Vancouver-headquartered company, which owns mines in Namibia, Burkina Faso, Peru and Canada, entered into a second amendment and... →
Glencore holds back on dividend, accelerates net debt reduction 
By: Martin Creamer 6th August 2020 Notwithstanding its cash-generative business and secure liquidity positions, the board of Glencore has concluded that it would be inappropriate to make a distribution to shareholders in 2020, Glencore CEO Ivan Glasenberg said on Thursday. Instead the London- and Johannesburg-listed diversified... →
The importance of using the correct SEIFSA Price and Index Pages indices in your Contract Price Adjustment
6th August 2020 In order for any business to remain sustainable, it is important to keep track of price escalation trends. Companies supplying products to buying institutions have to monitor price escalation trends in order to ensure that they are adequately compensated for any price increases and understand... →
Brazilian major Vale piloting electric locomotive
By: Mariaan Webb 29th July 2020 Diversified mining major Vale, in partnership with Progress Rail – part of US group Caterpillar – is developing a new 100% electric, battery-powered switchyard locomotive. The initiative forms part of the iron-ore miner’s strategy of reducing direct and indirect emissions (Scope 1 and 2). The... →
Markets reward companies that treat workers well in a crisis
By: Bloomberg 24th July 2020 For millions of Britons, March 24 will be remembered as the lockdown moment when they either lost their job or were told not to come back to work for months. For Andy Howard, it was the day his workload doubled. In addition to running a team of 13 investment analysts at London-based asset manager... →
JL Dube Broadband Highsite project kicks off KwaZulu-Natal’s smart province ambitions
By: Natasha Odendaal 24th July 2020 The KwaZulu-Natal provincial government has switched on a JL Dube Broadband Highsite, in Vezokuhle Primary School, Edendale, in the Umsunduzi municipality. The JL Dube Broadband Highsite aims to bring free WiFi to the communities of Pietermaritzburg, in KwaZulu-Natal. →
Platinum jewellery becoming more attractive as Covid-19 lockdowns ease
By: Donna Slater 14th July 2020 As manufacturers report greater demand volumes and retailers having confirmed a steady increase in business in April and May, platinum marketing organisation the Platinum Guild International (PGI) reports that the Chinese jewellery industry is in the beginning stages of a V-shaped recovery... →
Pan African reports higher output, lower debt, upped guidance, intensified dividend intent
By: Martin Creamer 10th July 2020 Despite the challenges presented by the Covid-19 pandemic, Pan African Resources on Friday reported higher gold production, lower debt, good safety, environmental progress, project advances and intensified dividend intent. In an operational update for the year ended June 30, the London-,... →
Air Products and thyssenkrupp sign green hydrogen agreement
By: Schalk Burger 6th July 2020 NYSE-listed industrial gases multinational Air Products and industrial technology multinational thyssenkrupp on July 5 announced that they had signed an exclusive strategic cooperation agreement to develop world-scale electrolysis plants to generate green hydrogen. The two companies will... →
Pilot Crushtec International partners with Wastech Engineering
By: Creamer Media Reporter 6th July 2020 Humanity’s endless drive for technological advancement, and the financial rewards that go with it, have not been too kind on the environment. But Wastech Engineering, based in Hallam, Victoria, has made a name for itself by leading Australia’s push towards a cleaner future while returning... →
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