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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.

Africa's Kibali is elevating its status among Barrick’s portfolio of top-tier mines.

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.