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Kusile unit 5 enters commercial operation

Published: 01 Jul 24

Following six months of testing and optimisation, State-owned Eskom has transferred Unit 5 of the Kusile Power Station to its Generation division, and this unit will now begin contributing power, increasing Kusile Power Station’s total output to 4 000 MW. Over the past six months, Kusile Unit 5 has undergone a series of tests while intermittently supplying electricity. Since its synchronisation in December 2023, the unit has met performance expectations, supported the grid and helped to reduce loadshedding.

Orion to undertake placement, share purchase plan

Published: 01 Jul 24

ASX-listed Orion Minerals has secured firm commitments for a placement of new ordinary shares to sophisticated and professional investors to raise A$7.7-million, or R92.3-million. About 513-million shares will be issued at a price of A$0.01, or R0.18, apiece.

Macmahon reappointed as Dawson South mining contractor

Published: 01 Jul 24

Mining services firm Macmahon Holdings has been reappointed as mining contractor at the Dawson South project, in Queensland. Dawson South forms part of Anglo American’s Dawson mine, an opencut steelmaking coal mine west of Gladstone.

Pallinghurst Co-Chief Executive and Co-Founder Arne Frandsen.

Investors very positive on South Africa's unity govt, says Pallinghurst's Arne Frandsen

Published: 01 Jul 24

Amongst all our investors, there’s a very broad support for South Africa’s government of national unity initiative, says Pallinghurst Co-Chief Executive and Co-Founder Arne Frandsen. “I think it’s absolutely the right thing that the politicians are doing and I really hope that it’ll see the rand getting some muscles back,” an upbeat Frandsen told Mining Weekly in a Zoom interview. (Also watch attached Creamer Media video.)

NTCSA starts trading

Published: 01 Jul 24

The National Transmission Company South Africa (NTCSA) has officially begun trading, establishing the NTCSA as a duly constituted separate, distinct and wholly owned subsidiary of State-owned utility Eskom. This marks a significant step in the Department of Public Enterprises’ (DPE’s) roadmap for Eskom towards a reformed electricity supply industry.

Kangankunde feasibility study supports robust rare earths project

Published: 01 Jul 24

Rare earths mining and development company Lindian Resources has announced the completion of a feasibility study on Stage 1 of its Kangankunde rare earths project in Malawi. The study examined Stage 1 of the project's development, which includes mining operations, a mineral processing plant and necessary support infrastructure.

Agriculture sector upbeat about Steenhuisen’s appointment as Minister

Published: 01 Jul 24

Industry body Agri SA has welcomed Democratic Alliance leader John Steenhuisen’s appointment as the new Agriculture Minister, as well as Mzwanele Nyhontso’s appointment as Land Reform and Rural Development Minister, with these departments having been separated as respective ministries. “These appointments come at a critical juncture and we are confident that under their leadership the agriculture sector will thrive and continue to be a cornerstone of the economy,” says Agri SA CEO Johann Kotzé.

Dr Kgosientsho Ramokgopa speaking during an Eskom power station visit while still Electricity Minister

Separation of energy portfolio and Ramokgopa’s appointment praised amid rising energy-transition complexity

Published: 01 Jul 24

The decision to establish a separate energy portfolio with the African National Congress’s Dr Kgosientsho Ramokgopa as Minister and the Democratic Alliance’s Samantha Graham as Deputy Minister has been welcomed by stakeholders and commentators alike. There are already warnings, however, that the success of the new Electricity and Energy Ministry will be judged not only on ensuring a permanent end to loadshedding but on whether it is able to shepherd South Africa, justly, through the unfolding energy transition in a way that addresses not only the immediate threats to security of supply and affordability but also long-term sustainability and competitiveness.

Image of Water and Sanitation Minister Pemmy Majodina

Majodina named Water and Sanitation Minister

Published: 01 Jul 24

Pemmy Majodina has been appointed Water and Sanitation Minister, replacing Senzo Mchunu, who has been named as Police Minister, as South Africa’s seventh administration is formed. David Mahlobo retains his position as Water and Sanitation Deputy Minister, while Isaac Seitlholo replaces Judith Tshabalala, who moved to Deputy Minister of Mineral and Petroleum Resources.

Image of Kia South Africa CEO Paul Turnbull

Kia South Africa’s new CEO seeks to push market share beyond 5% by 2026

Published: 01 Jul 24

Kia South Africa has appointed Paul Turnbull as its new CEO. Turnbull joins the Korean brand from sibling Hyundai Automotive South Africa. He succeeds Gary Scott, who takes up the position of chief digital officer at Kia’s parent company, Motus Holdings.