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Consortium to study feasibility of turning waste biomass into aviation fuel
Published: 24 May 18
A consortium comprising enterprise development specialist Fetola, the World Wide Fund for Nature South Africa (WWF-SA) and SkyNRG is launching the Waste to Wing project to determine the feasibility of using waste biomass to produce sustainable aviation fuel in South Africa.  The consortium will help develop 25 small, medium-sized and microenterprises (SMMEs) to supply the raw material or feedstock for the project, which is expected to demonstrate the workings of pre-treating the feedstock and converting it into sustainable aviation fuel – the first step towards a local sustainable aviation fuel industry.
Polyus sees 2018 production at upper end of guided range
Published: 24 May 18
Polyus, Russia's largest gold producer, said on Thursday its 2018 production was likely to be at the upper end of the forecast range of 2.375-million to 2.425-million troy ounces. CEO Pavel Grachev said on the sidelines of the St Petersburg economic forum that 2018 capital expenditure would be slightly below an initially planned $850-million because Polyus was ramping up its Natalka gold mine ahead of schedule.
465 TWh of renewable energy sourced by companies in 2017 – Irena
Published: 24 May 18
Companies in 75 countries actively sourced 465 TWh of renewable energy in 2017, an amount close to the overall electricity demand of France, a new report by the International Renewable Energy Agency (Irena) states. With the continued decline in the costs of renewables, the report suggests that corporate demand will continue to increase as companies seek to reduce electricity bills, hedge against future price spikes and address sustainability concerns.
Semafo signs mining services contract with AUMS
Published: 24 May 18
TSX-listed Semafo has signed a mining services contract with African Underground Mining Services (AUMS) for the Siou underground mine, in Burkina Faso. AUMS will be responsible for supplying the mining fleet and a skilled labour force for the Siou underground mine, in addition to providing development, production and auxiliary services.
SARB keeps repurchase rate at 6.5% SARB keeps repurchase rate at 6.5%
Published: 24 May 18
South Africa's Reserve Bank (SARB) kept its benchmark repurchase rate at which it lends to commercial banks unchanged at 6.5% on Thursday, saying the stance was appropriate given the forecast inflation trajectory and the current state of the economy. The move follows a 25 basis point decrease at the last meeting in March of the central bank's seven-member monetary policy committee (MPC) chaired by governor Lesetja Kganyago.
Eskom business-model review aimed at lowering utility’s risk to fiscus Eskom business-model review aimed at lowering utility’s risk to fiscus
Published: 24 May 18
Public Enterprises Minister Pravin Gordhan has confirmed that the business model of power utility Eskom is up for discussion as government seeks to reduce the fiscal risk currently posed by utility and to reposition the State-owned enterprise (SoE) for future sustainability. On his eighty-sixth day in office, Gordhan announced that Cabinet had endorsed sweeping changes to the boards of Eskom, Transnet, Denel and SA Express (SAX). He also confirmed the appointment of Phakamani Hadebe as Eskom’s permanent CEO.
IronRidge appoints new chairperson
Published: 24 May 18
Neil Herbert has been appointed nonexecutive chairperson of Aim-listed IronRidge Resources with immediate effect. He succeeds Nick Mather, who will remain on the board as a nonexecutive director.
Signet joins De Beers' Tracr blockchain platform pilot
Published: 24 May 18
Signet Jewelers will become the first retailer to join De Beers Group's end-to-end diamond blockchain pilot programme, known as Tracr. Tracr aims to complete the first digital link all the way from diamond production through to retail.
Katoro reaffirms mining potential at Imweru
Published: 24 May 18
Aim-listed Katoro Gold on Thursday confirmed that there was good upside potential for the further development of its Imweru gold project, in Tanzania. The company assessed the economic viability of the project, based on the results of a prefeasibility study and the new mining legislation and regulations being implemented in Tanzania, in March.
South Africa authorities halt flights of State-run SA Express over safety
Published: 24 May 18
South Africa's Civil Aviation Authority (SACAA) said on Thursday it had suspended all flights of state-run airline SA Express over safety concerns. The decision comes after Public Enterprises Minister Pravin Gordhan said on Thursday that he had appointed an "intervention team" to help at the troubled airline, which has lost several executive managers suspended over graft allegations.
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