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Cesa welcomes Macpherson's appointment as Public Works Minister

Published: 01 Jul 24

Industry organisation Consulting Engineers South Africa (Cesa) says it looks forward to working with new Public Works and Infrastructure Minister Dean Macpherson. “We trust [he] will be more responsive than his predecessor, particularly in partnering with Cesa to pursue the critical infrastructure development and delivery that is so desperately needed to create jobs and grow the South African economy,” says Cesa CEO Chris Campbell.

Absa PMI rises, but remains below 50-point mark amid persisting challenges

Published: 01 Jul 24

The Absa Purchasing Managers’ Index (PMI) increased by 1.9 points to 45.7 points in June, from 43.8 in May, but remained below the 50-point mark. Following a strong start to the second quarter, which was also reflected in solid growth in official manufacturing production data, May and June have been poor, and the business activity index average was barely higher in second quarter than in the first, the bank said.

Porto do Caio Stage 1 quay that is scheduled for completion in December 2025.

Minbos' Angola mine may supply phosphate rock to Foskor

Published: 01 Jul 24

Junior mining company Minbos has announced a nonbinding memorandum of understanding (MoU) with South Africa-based Foskor for a potential supply agreement from its Angola mine. Foskor currently sources phosphate rock for its Richards Bay phosphoric acid-based fertiliser plant from its mine in Phalaborwa, but Minbos says the company is considering supplementing supply with alternative sources.

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.