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Transnet to appeal order to pay billions in damages following long-running Natref dispute

Published: 20 Jun 24

The High Court has found in favour of Sasol Oil and TotalEnergies in relation to a long-running dispute with Transnet over pipeline tariffs from Durban to the Natref refinery and has awarded damages and interest to the two oil companies amounting to more than R8-billion. Transnet expressed disappointment at the judgment, which it said it intended appealing.

Agnico unveils Detour Lake's pathway to 1Moz/y

Published: 20 Jun 24

Canadian mining company Agnico Eagle Mines has unveiled an ambitious plan to boost production at its Detour Lake mine, in Ontario, to an average of one-million ounces a year over a 14-year period, starting in 2030. This increase is outlined in the New York- and Toronto-listed company’s newly released 2024 life-of-mine plan (LOMP), which includes both updated mineral reserve and resource estimates and a preliminary economic assessment (PEA) for concurrent openpit and proposed underground operations.

New wagons being built for use on the Lobito railway corridor

South African manufacturer to provide 275 new container wagons to Lobito railway project

Published: 19 Jun 24

Joint venture (JV) company Lobito Atlantic Railway (LAR), which is the concession holder for the operation, management and maintenance of the Lobito Corridor spanning Zambia, Angola and the Democratic Republic of Congo (DRC), has placed an order for 275 new container wagons from South African company Galison Manufacturing for an undisclosed sum. The container wagons will be delivered in three tranches, with the first wagons due to arrive in Lobito from the fourth quarter. They will be able to carry 10 ft, 20 ft and 40 ft long containers, providing flexibility in terms of the kinds of loads to be transported.

Companies collaborate to enhance solar PV compliance, recycling practices

Published: 19 Jun 24

In a bid to champion extended producer responsibility compliance and solar PV recycling practices, producer responsibility organisation (PRO) Circular Energy has embarked on a strategic partnership with PV CYCLE. PV CYCLE is a European PRO offering compliance and managing the end-of-life phase of PV panels and the recovery of all its materials.

South Africa now a compelling world investment story, upbeat Orion highlights

Published: 19 Jun 24

“The sun is finally shining on us,” an upbeat Orion Minerals CEO Errol Smart enthused during an Australia/South Africa webinar on Wednesday, when he outlined how South Africa has become one of the world’s most compelling short-term investment stories. Predicting that this country's investment narrative would super heat over the next couple of weeks, he pointed out how strongly this was advancing Orion’s Prieska copper project, where trial mining has been under way for some time, as well as Orion's high-grade Okiep copper project, which is following closely behind.

Sanea appoints Msimanga as secretary-general

Published: 19 Jun 24

The South African National Energy Association (Sanea) has appointed Xolile Msimanga as its new secretary-general, succeeding Wendy Poulton, who stepped down from the role, but remains on the board for another term of office. In a media release, the association says Msimanga brings a wealth of experience and a fresh perspective to Sanea.

Aton further develops Abu Marawat gold concession with promising results

Published: 19 Jun 24

TSX-V-listed gold exploration and mining company Aton Resources has recently carried out further sampling and mapping programmes over several regional targets at the company’s Abu Marawat Concession-retained exploration areas in the Eastern Desert of Egypt. This ongoing exploration programme has so far resulted in 258 selective grab and non-selective surface channel collected from the Black Gaharish, Bohlog, Kab Amira, Semna and Zeno prospect areas within the concession.

De Beers opens entries for this year’s Shining Light Awards

Published: 19 Jun 24

Diamond Miner De Beers has announced that entries for the 2024 Shining Light Awards (SLA) jewellery design competition are officially open. The competition falls under the De Beers Group Designers Initiative (DBGDI), a youth beneficiation skills development initiative aimed at inspiring, igniting and enabling young jewellers with “world-class” jewellery design and manufacturing skills in each of the De Beers Group diamond-producing countries – Botswana, Canada, Namibia and South Africa.

New Red 5 leadership takes office

Published: 19 Jun 24

Following its merger with Silver Lake, ASX-listed Red 5 on Wednesday implemented key changes to the executive leadership team and its board. Mining engineer Luke Tonkin, previously MD and CEO of Silver Lake, has been appointed new MD and CEO of Red 5.

Executive Mayor of Tshwane Cilliers Brink

City of Tshwane pushing ahead with plan to procure 1 000 MW by 2026

Published: 19 Jun 24

The City of Tshwane is signalling its intention to proceed with plans to procure and/or revive 1 000 MW of electricity generation capacity by 2026 as part of a strategy aimed at improving security of supply and reducing its dependency on Eskom. Executive Mayor Cilliers Brink told delegates attending the inaugural Tshwane Energy Summit that the city was seeking to find a way to partner with independent power producers (IPPs), as it was not in a financial position to pursue generation projects on its own.