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BHP cuts employee incentives after missing its performance goals, AFR reports

Published: 04 Jul 24

BHP has notified tens of thousands of its workers across the globe that it was cutting their incentive pay after the miner failed to meet its performance goals, the Australian Financial Review reported on Thursday. The world's largest listed miner will only pay 80% of short-term incentives that were on offer in 2023-24, the AFR reported, citing BHP's employees.

LME to suspend deliveries of nickel from Norilsk Finland plant

Published: 04 Jul 24

The London Metal Exchange is suspending deliveries of nickel from a plant in Finland owned by Russia’s MMC Norilsk Nickel, whose products have continued to be deliverable despite western sanctions on Russian metal. No new deliveries of nickel cathodes and briquettes from Norilsk’s Harjavalta plant will be allowed from October 3, the LME said in two separate notices Wednesday.

Bosch Rexroth Africa opens first branch in Côte d'Ivoire

Published: 04 Jul 24

Hydraulics, pneumatics and automation group Bosch Rexroth Africa opened its first branch in Côte d'Ivoire, in June, to meet the increasing demand for its hydraulic, pneumatic and automation solutions in that country. To serve the needs of mining, industrial and energy industries in Côte d'Ivoire, the branch will offer the full range of Bosch Rexroth Africa Group products and services.

Botswana to enter space with its first satellite, now being developed in joint project

Published: 04 Jul 24

Southern African country Botswana is developing its first satellite, in a joint programme between the Botswana International University of Science and Technology (BIUST) and Bulgarian space company EnduroSat. The satellite will be launched no earlier that February next year, on SpaceX’s Transporter-13 mission. Designated BOTSAT-1, the satellite will be a 3U nanosatellite, meaning it will have dimensions of 30 cm x 10 cm x 10 cm. The transfer of technology and expertise is central to the project. Consequently, BIUST engineers will be joining the EnduroSat team in Sofia, Bulgaria, to complete satellite assembly and payload integration.

Former African Barrick COO joins Canada One advisory board

Published: 04 Jul 24

Explorer Canada One has bolstered its advisory board with the appointment of Dave Anthony, a past COO of African Barrick Gold. Commenting on the appointment, CEO Peter Berdusco says Anthony’s years of experience with openpit and underground assets in various continents reflects his passion, expertise and drive for developing deposits.

Mako completes Goldsource Mines buy

Published: 04 Jul 24

Gold mining company Mako has completed its previously announced acquisition of Goldsource. As a result of the transaction, Mako now owns the Eagle Mountain gold project, in Guyana. The Goldsource shares are expected to be delisted from the TSX-V.

Saga Metals and Rio Tinto to explore for lithium in Canada

Published: 04 Jul 24

North American exploration company Saga Metals has announced the execution of an option to joint venture agreement with Rio Tinto Exploration Canada (RTEC) for its Legacy lithium project, in James Bay, Quebec. The Rio Tinto subsidiary will have an option to acquire an initial 51% interest in the Legacy project over four years, for about C$10.5-million in cash and exploration commitments.

Petra Diamonds' Cullinan mine, in South Africa

Petra Diamonds concludes last sales cycle for FY24, generates higher revenue

Published: 04 Jul 24

London-listed Petra Diamonds has generated $38-million of revenue in its seventh tender cycle for the year, having sold 337 064 ct. This brings revenue for the 2024 financial year to $366-million, with 3.15-million carats sold, compared with revenue of $324-million and 2.32-million carats sold in the prior year.

Brikor plans to delist from the JSE

Published: 04 Jul 24

The board of directors of building materials manufacturer and supplier Brikor has advised shareholders that it is considering proposing an arrangement to repurchase the shares held by the remaining shareholders in Brikor, other than those of Nikkel Trading 392 and the Brikor Share Incentive Scheme. Thereafter, Brikor's shares will be delisted from the JSE.

CBE commits to professionalise construction sector alongside new infrastructure Minister, Deputy Minister

Published: 04 Jul 24

Regulatory body the Council for the Built Environment (CBE) has welcomed the appointments of Public Works and Infrastructure Minister Dean Macpherson and Deputy Minister Sihle Zikalala, and says it will work with them to professionalise the built environment sector. "We aim for a future in which our sector is recognised not just for its bricks and mortar, but for its contributions to society and economic development.