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Image of Transport Minister Barbara Creecy

Steady hand needed as seventh Transport Minister appointed in 15 years – AA, Outa

Published: 01 Jul 24

Newly appointed Transport Minister Barbara Creecy is the eleventh minister in this portfolio since 1994, which is a cause for concern as continuity within government departments is vital, says the Automobile Association (AA) of South Africa. The AA says the need for an improved transport model in South Africa must be high on Creecy’s agenda, as should efforts to improve road safety.

Russia's Alrosa buys Degdekan gold deposit from Polyus

Published: 01 Jul 24

Russian diamond producer Alrosa has bought a gold deposit in Russia's Far East from miner Polyus, the two companies, both of which are under Western sanctions, said on Monday. For the world's biggest diamond producer, the move marks a deeper push into gold which it said would fit with the rest of its business and strengthen it financially while not significantly changing its strategy.

Image of Communications and Digital Technologies Minister Solly Malatsi

South Africa gets new Communications Minister

Published: 01 Jul 24

President Cyril Ramaphosa has appointed the Democratic Alliance’s Solly Malatsi as Communications and Digital Technologies Minister as the Government of National Unity’s Cabinet is formed. He becomes the department’s seventeenth Minister since 1994, and its fifth since 2018.

Business welcomes finalisation of Cabinet, highlights focus areas for economic growth

Published: 01 Jul 24

Business organisations have responded to President Cyril Ramaphosa’s announcement of a final agreement for a Government of National Unity (GNU) and the new Cabinet, with consensus that an announcement finally being made bodes well for the new administration and provides a platform for it to begin undertaking the necessary work. North-West University Business School economist Professor Raymond Parsons highlights that the announcement is, as a whole, positive for business and investor confidence.

Coyne rejoins Spartan executive team

Published: 01 Jul 24

David Coyne has rejoined the executive team of gold company Spartan Resources, it was announced on Monday. An experienced CFO and director with more than 30 years’ Coyne, currently a nonexecutive director, would become an executive director and joint company secretary on August 1.

B2Gold invests in Yukon-focused Prospector Metals

Published: 01 Jul 24

Gold mining company B2Gold has agreed a strategic investment into Yukon-focused exploration company Prospector Metals. B2Gold will subscribe for 5.58-million shares at C$0.163 a share for gross proceeds of about C$909 311, said TSX-V-listed Prospector.

Central to the acquisition is the Magino mine

Argonaut shareholders approve takeover by Alamos

Published: 01 Jul 24

The shareholders of Argonaut Gold have approved a special resolution for a takeover by fellow Canadian miner Alamos Gold. The arrangement resolution received overwhelming approval with 99.58% of shareholders present in person, or represented by proxy, giving their thumbs up.

Progress made in reducing water lettuce invasion in Vaal

Published: 01 Jul 24

The volume of the water lettuce and water hyacinth across the Vaal River Barrage Reservoir has reduced markedly over the past few months as removal efforts continue. According to a Rand Water statement, water lettuce and hyacinth coverage shrunk from 395 ha in April to 100 ha currently.

Copper supply gets a boost as Chile shows signs of recovery

Published: 01 Jul 24

Copper production in Chile, the world’s biggest supplier of the wiring metal, is showing signs of recovering from 20-year lows. Output in May was the highest this year, rising more than 8% compared with both April and the year earlier, according to data released Friday by the country’s bureau of statistics.

Rio to install carbon free aluminium smelting cells at Quebec smelter

Published: 01 Jul 24

Mining company Rio Tinto has announced a C$375-million demonstration plant equipped with carbon free aluminium smelting cells at its Arvida smelter, in Quebec. The plant, which will be owned in a new joint venture (JV) with the provincial government through Investissement Québec, will use the same technology that has been successfully demonstrated at the ELYSIS Industrial Research and Development Center in Saguenay—Lac-St-Jean.