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No escaping the move to electric, says Jaguar as it launches new I-Pace No escaping the move to electric, says Jaguar as it launches new I-Pace
Published: 19 Mar 19
A third fully electric vehicle has made its debut in South Africa. The new Jaguar I-Pace adds to the Nissan Leaf and BMW i3 already available in the local market.
 Gordhan, Mabuza to shed light on SA’s power crisis Gordhan, Mabuza to shed light on SA’s power crisis
Published: 19 Mar 19
Minister of Public Enterprises Pravin Gordhan and the chairperson of the Eskom Board, Jabu Mabuza, will hold a media briefing to give an update on electricity supply problems on Tuesday morning in Johannesburg.  South Africans have faced five consecutive days of load-shedding, including power cuts at night, as power utility Eskom battles a generation shortfall. 
Water supply, economic activity under threat as Eskom struggles to supply power Water supply, economic activity under threat as Eskom struggles to supply power
Published: 19 Mar 19
South Africa's State-owned electricity company Eskom continued implementing rolling blackouts on Tuesday as its crippled generating units struggled to supply enough power in a crisis likely to further hurt the ailing economy. In its latest statement Eskom said it was implementing "stage 2" load-shedding until 9 am on Tuesday morning, which effectively involves suppressing 2 000 MW of demand at a given time to avoid collapsing the national grid, after applying "stage 4" rotational powercuts which require taking 4 000 MW of demand off the grid for about 14 hours on Monday.
Vale dam fallout deepens with mine closure and blocked funds
Published: 19 Mar 19
Vale’s shares declined on Monday as the world’s biggest iron-ore producer faces continued backlash from Brazilian authorities after a deadly mining accident in January. Rio de Janeiro-based Vale was ordered on March 15 to shut its Timbopeba mine in Minas Gerais state, which produces 12.8-million tons of iron-ore ayear, due to safety concerns. On Monday a court ordered the company to freeze one-billion reais ($264-million) in funds as compensation for affected communities in the state.
Rio Tinto must face SEC suit over Mozambique coal assets Rio Tinto must face SEC suit over Mozambique coal assets
Published: 19 Mar 19
Rio Tinto Group must face a US Securities and Exchange Commission (SEC) lawsuit over the company’s valuation of coal assets in Mozambique, a federal judge ruled. US authorities in October 2017 filed fraud charges against London-based Rio Tinto, former CEO Tom Albanese and former CFO Guy Elliott, claiming they inflated the value of assets acquired in 2011 for $3.7-billion. The assets were sold for $50-million in 2014, a year after more than $3-billion in writedowns on the properties led to Albanase’s departure.
Labour Court dismisses AMCU interdict against Sibanye restructuring Labour Court dismisses AMCU interdict against Sibanye restructuring
Published: 18 Mar 19
Sibanye-Stillwater on Monday said the South African Labour Court has dismissed the application made by the Association of Mineworkers and Construction Union (AMCU) to interdict the Section 189A restructuring process at the miner’s gold operations in South Africa. Sibanye on February 14 announced that it would start a process of restructuring its nonprofitable gold operations, this while AMCU has been on strike at the miner’s gold operations since mid-November, owing to a wage dispute.
Mandatory, compulsory programmes launched in response to systemic challenges facing govt departments
Published: 18 Mar 19
In direct response to the systemic challenges facing government departments, the National School of Government’s (NSG’s) mandatory and compulsory programmes were launched on Monday, in Pretoria. The launch follows President Cyril Ramaphosa’s statement during his State of Nation Address last month, that “in improving the capabilities of public servants, the NSG [will] introduce a suite of compulsory courses, covering areas like ethics and anticorruption, senior management and supply chain management, [as well as the] deployment of managers to the coal face to strengthen service delivery”.
Debswana starts Jwaneng mine extension project Debswana starts Jwaneng mine extension project
Published: 18 Mar 19
The Debswana Diamond Company (Debswana) on Monday announced the start of its Cut-9 project, which is aimed at extending the life of the Jwaneng mine, in Botswana, to 2035. The project is expected to yield an estimated 53-million carats of rough diamonds from 44-milllion tonnes of treated material.
Bluebird raises funds for South Korean gold projects
Published: 18 Mar 19
Asia-focused resource development group Bluebird Merchant has successfully raised £436 500, which it will use to advance its South Korean gold projects. The London-listed company reported on Monday that it had placed all the available headroom of 19 400 000 shares and that its management had participated.
Alrosa wants controlling stake to mine in Zimbabwe
Published: 18 Mar 19
Russian State-controlled miner Alrosa will assess the quality of Zimbabwe's diamond reserves over the next six months but would only start mining if it can take a majority stake in such a project, the company's chief executive said on Monday. Zimbabwe is seeking to attract investment and has scrapped legislation that restricts foreign participation for some commodities. It has yet to do so for diamonds and platinum but has said that it will.
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