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Priyesh Daya appointed to ICC International Court of Arbitration

Published: 03 Jul 24

Law firm Webber Wentzel partner Priyesh Daya has been appointed as a member of the International Chamber of Commerce's (ICC’s) International Court of Arbitration for a three-year term starting on July 1. The ICC Court is the world's leading arbitral institution, facilitating the resolution of international commercial and investment disputes.

Germany launches electric truck charging network to decarbonise transport

Published: 03 Jul 24

The German government on Wednesday launched a project to build up a nationwide fast-charging network for heavy duty vehicles as Berlin aims to decarbonize the transport sector by 2045. Greenhouse emissions in Europe's biggest economy fell to the lowest level in 70 years in 2023, but the transport sector has consistently failed to meet its climate targets.

Kumba appoints new independent nonexecutive director

Published: 03 Jul 24

Diversified mining major Anglo American’s Kumba Iron Ore subsidiary has announced the appointment of Neo Violet Mokhesi as an independent nonexecutive director with effect from July 1. She will also serve as a member of the audit committee, the social, ethics and transformation committee and the safety, health and sustainable development committee.

Subsidising costs for solar panel recycling will offset high costs in industry

Published: 03 Jul 24

Government and producer responsibility organisations could support the solar industry by subsidising the cost of recycling the PV panels and helping to establish recyclers. In this way, the organisers can help ensure that solar panel recycling becomes more accessible and economically viable.

Global air cargo continued strong growth in May, with Africa seeing the greatest increase

Published: 03 Jul 24

Global air cargo demand in May continued to show strong year-on-year (y-o-y) growth, the world representative body for the airline industry, the International Air Transport Association (IATA), has reported. May was the sixth month in a row in which air cargo demand registered double-digit y-o-y growth. In May, total demand increased by 14.7% y-o-y, while international demand rose by 15.5%. Total air cargo capacity grew by 6.7%, and international capacity by 10.2%. Africa was the region which recorded the biggest increase, jumping by 18.4%. Demand on the Africa-Asia routes soared by 40.6%. African air cargo capacity increased by 21.4%, also the highest increase among IATA’s regions.

Glencore said to withdraw Kazzinc sale after offers fall short

Published: 03 Jul 24

Glencore has abandoned plans to sell its stake in Kazakh mining company Kazzinc after potential buyers failed to match its valuation, people familiar with the situation said. Glencore had been considering exiting the business, in which it holds a 70% stake, amid interest from Chinese buyers. The company has now sent a termination letter to cthe bidders, the people said, asking not to be identified discussing a private matter.

Auto market awaits return of consumer confidence, political clarity – TransUnion

Published: 03 Jul 24

The South African automotive sector continues to grapple with significant macroeconomic challenges, says TransUnion Africa CEO Lee Naik. Persistently high interest rates and negative economic growth have eroded consumer and business confidence, leading many to defer long-term financial commitments, including vehicle purchases.

New platinum alloy to transform jewellery making

Published: 03 Jul 24

The World Platinum Investment Council (WPIC) has highlighted the launch of a new platinum alloy named Inoveo Platinum, which it believes has the potential to transform platinum jewellery design and manufacturing. Established by Platinum Guild International (PGI) USA, Inoveo Platinum was codeveloped by mining major Anglo American and materials designer and developer Alloyed following years of research and development.

Barrick Gold President and CE Dr Mark Bristow, who says Kibali was built on partnerships with its stakeholders.

Renewables component of DRC gold mine’s energy mix to hit 85% next year

Published: 03 Jul 24

The reputation of the large Kibali gold mine, run by Barrick Gold in the Democratic Republic of Congo (DRC), is being significantly enhanced by its far-reaching contribution to the development and upkeep of key infrastructure, the building of a vibrant local socio-economy, protection of the environment, restoration of game in national parks, and even the revitalisation of an attention-catching coffee cultivation opportunity. Three hydropower stations have put Kibali in the green energy drive lead, with more than 80% of the mine’s power provided by renewable energy sources, which will be further increased by an upcoming solar power plant. Generated is 40.16 MW of power at an average cost of 0.100 $/kWh.

Milken Institute launches Africa Leaders Business Council

Published: 03 Jul 24

Development think tank the Milken Institute has launched the Africa Leaders Business Council, which brings together experts across business, technology, finance and investment, sustainability and innovation to support the Institute’s plan to deepen its network and engagements in Africa. This new programme represents the institute’s regional engagement strategy focused on paving the way for stronger, more comprehensive partnerships across the African continent.