R/€ = 17.7679 Change: -0.0570
R/$ = 17.1390 Change: 0.0396
Au 1741.92 $/oz Change: -16.32
Pt 990.50 $/oz Change: 6.50


R4-trillion needed for South Africa’s hydrogen economy, PIC declares 

By: Martin Creamer     Updated 5 hours ago South Africa’s State-owned Public Investment Corporation (PIC) stated on Monday that more than R4.3-trillion is required for the development of the hydrogen economy, which it declared positive for people, planet, and client portfolios. The hydrogen investment strategy of the PIC, which has... 

China commodities sink as Covid spread, protests worsen outlook

By: Bloomberg     Updated 7 hours ago Commodities sank as China’s Covid outbreak worsened and a series of stunning street protests in cities across the nation threaten to derail economic activity and sap demand for energy and raw materials. Base metals in London and Shanghai dropped, with Chinese copper futures declining as much... 

Aurubis CEO 'disappointed' LME did not ban Russian metals

By: Reuters     25th November 2022 The chief executive of Aurubis, Europe's biggest copper smelter, said on Thursday he was disappointed by the London Metal Exchange's decision not to ban Russian metals. "I was disappointed that LME didn't take the action," Roland Harings told Reuters in an interview on the sideline of the CRU... 

Contractor steadily transforms its workforce

By: Leah Shelene Asaram     25th November 2022 Transformation in the world of underground mining – historically dominated by white males – is not easy to achieve but contractor and mine development service provider Murray & Roberts Cementation believes it is making steady progress towards its goal of having a workforce that reflects the... 

Saboa embarks on training initiative

By: Sabrina Jardim     25th November 2022 The South African Bus Operators Association (Saboa) has endorsed the training and development of 28 female bus and truck drivers. This is in collaboration with Clarendon Transport Underwriting Managers, which is co-funding the development of the candidates, and with the Commercial Transport... 

Company supplies innovative products to sector

By: Cameron Mackay     25th November 2022 The prevalence of build projects for new warehouses, distribution centres and other logistics infrastructure has provided local steel supplier Macsteel with opportunities to supply its innovative products for steel construction and cladding projects. Some of these products include Novotexi and... 

Water stewardship key to sustaining mining sector

By: Halima Frost     25th November 2022 Mines must use water stewardship to improve water conservation and water saving, thereby enhancing perception of the industry in the twenty-first century, says innovative solutions developer Xylem South Africa African strategy and marketing manager Chetan Mistry. The benefits of becoming water... 

Chinese mining deals under review as Congo targets windfall profits

By: Bloomberg     23rd November 2022 The Democratic Republic of Congo wants a mining deal it signed with China more than a decade ago to be reworked, with a view to securing all the funding that was pledged for infrastructure projects and a share of windfall profits. A review of the 2008 minerals-for-infrastructure contract that... 

Gov establishes A$500m renewable technology fund

By: Esmarie Iannucci     23rd November 2022 The federal government this week announced a A$500-million investment in the Powering Australia Technology Fund to help Australian businesses progress innovative projects and technologies to reduce emissions. This funding will be provided to the Clean Energy Finance Corporation (CEFC) to... 

Wits planetarium to be transformed into a multidisciplinary digital hub

By: Schalk Burger     22nd November 2022 The planetarium at the University of the Witwatersrand (Wits), which is 62 years old this year, is being modernised into a fully fledged multidisciplinary science, research and education hub that is open to the public, learners, students and researchers. The project has received R20-million in... 

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