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The TGME project in South Africa Theta raises another $4m for South Africa gold project
Published: 26 Jun 24
ASX-listed Theta Gold Mines has received firm commitments from investors to raise a further A$4-million (A$6.02-million) in equity funding to advance its TGME gold plant, in South Africa. The placement is in addition to the two-tranche, $10-million placement announced last month.
Nolitha Fakude, Thuli Madonsela, Mzila Mthenjane and Paul Miller. Mining central to South Africa’s socioeconomic wellbeing, AGM hears
Published: 26 Jun 24
Given its far-reaching multiplier effect, mining is the epicentre of South Africa’s economy and social wellbeing and has been at the heart of its economic progress and development for much of this country's history, Minerals Council South Africa's 134th AGM attendees heard in Johannesburg on Wednesday. Simply put, a R1-million increase in mined output results in 2.5 economy-wide job opportunities.
renewable energy, wind and solar Legislative certainty amid government shuffle crucial for continued renewable-energy investment Has Video
Published: 26 Jun 24
A clear and certain legislative framework is critical for enabling sustainability and green energy investments in South Africa going forward, especially given the changes taking place in government following unprecedented outcome of the May 29 elections, Absa Corporate and Investment Banking (CIB) environmental, social and governance head Msizi Khoza has said. Speaking at a media roundtable event at the Absa headquarters, in Sandton, on June 26, he emphasised the well-documented transformative effect of clear and consistent legislation on the renewable energy sector.
Gauteng municipalities urged to comply with STS rollover before November
Published: 26 Jun 24
The South African Local Government Association (Salga) has urged municipalities across Gauteng to comply fully with the November 24 deadline for the implementation of the Standard Transfer Specification (STS). The STS is an internationally recognised standard for the transfer of electricity and other utility prepayment tokens and is used by more than 500 utilities in more than 40 countries worldwide.
Haul trucks at a copper mine Copper market facing renewed caution from investors
Published: 26 Jun 24
With the demand for copper having increased amid the global energy transition, Benchmark Mineral Intelligence project manager: energy transition commodities Piotr Ortonowski described this year as “the year of the unexpected” for copper. Speaking at a panel discussion at this year’s London Indaba under the theme ‘Copper: defying gravity- or was it all just hype?’, he explained that this year was expected to be a year of oversupply, with a few big mining projects still ramping up.
Companies need to adjust operating, business models amid growth in generative AI
Published: 26 Jun 24
Generative AI (genAI) is having a measurable impact on companies that adopt these systems, and 58% of workers that are using genAI are able to save five hours a week in work time, the 'AI at Work in 2024' report, published by consulting firm Boston Consulting Group (BCG), shows. The focus of companies is now shifting from adoption of the technology to using the increased availability of employees' time to add value or improving the satisfaction of employees, says BCG technology design division BCG X global leader Sylvain Duranton.
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Published: 26 Jun 24
This week: Fast-greening Richards Bay Minerals now eyeing on-site renewables, storage, aggregation; and, South Africa now a compelling world investment story, upbeat Orion highlights
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