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Anglo further supports education, entrepreneurship with handover of Jhb CBD building to Wits Business School

Published: 28 Jun 24

Demonstrating its broad commitment to education, entrepreneurship and leaving a positive legacy in the Johannesburg central business district (CBD), diversified miner Anglo American on June 28 celebrated the official handover of its building at 47 Main street, in Johannesburg, to Wits Business School (WBS). This showcases the company’s commitment to working with partners, including inner-city stakeholders, academia, small, medium-sized and microenterprises, civic organisations and residents, to rejuvenate the CBD and surrounds.

FQM to launch formal arbitration versus Panama in July

Published: 28 Jun 24

Canadian miner First Quantum Minerals will launch formal arbitration proceedings against Panama in July over the country's decision to close the giant Cobre Panama mine last November, two people familiar with the matter told Reuters. The move coincides with the start of a new administration in the Central American country that could determine the future of one of the world's newest and biggest copper mines that had been responsible for 1% of global output prior to being shuttered.

MC Mining signs R20m loan agreement with shareholder

Published: 28 Jun 24

Coal miner MC Mining has entered into a R20-million, or $1.1-million, loan facility with South Africa-based private company Dendocept for working capital purposes. Dendocept has a 6.8% shareholding in MC Mining.

Eskom to hit CO2 targets despite coal plant extension, CEO says

Published: 28 Jun 24

South Africa's state power company Eskom will meet its target to reduce carbon emissions by 71-million metric tons a year by the end of the decade, its new CEO said on Friday, despite scrapping plans to retire six coal-fired power stations by then. But CEO Dan Marokane said Eskom's immediate priority was bringing an end to the power blackouts that have devastated the economy of Africa's most industrialised nation over the past few years.

DRDGOLD assessing its alignment with Responsible Gold Mining Principles

Published: 28 Jun 24

Gold mining company DRDGOLD has started self-assessment in line with the World Gold Council (WGC) Responsible Gold Mining Principles (RGMPs) to determine conformance levels across all DRDGOLD operations. The self-assessment process started in May, after the company joined the WGC last year. Progress on the alignment of internal systems and processes towards conformance with the RGMPs will be published in the first quarter of next year, DRDGOLD said on June 28.

Hudaco’s interim performance hampered by suspended loadshedding

Published: 28 Jun 24

Diversified consumer and engineering products group Hudaco has faced a challenging start to the 2024 financial year, with the reduction in loadshedding negatively impacting on some of its alternative energy businesses, resulting in an overall lacklustre set of interim results. "It's been a rather challenging six months for us, I think for most of South African business. There was reduced loadshedding, but we have an up and down factor in that, when there is loadshedding, we have some businesses that tend to perform well, but when there's no loadshedding, that business kind of falls away,” Hudaco CEO Graham Dunford said at the release of Hudaco’s interim results for the six months ended May 31.

Marula starts shipping manganese from Larisoro mine to Mombasa port

Published: 28 Jun 24

London- and South Africa-listed battery metals miner Marula Mining has successfully started manganese ore shipping from the Larisoro manganese mine, in Kenya. Marula is transporting about 1 000 t of manganese ore from the mine to Nairobi under a recently signed export logistics agreement with Scan Global Logistics Kenya (SGLK).