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Image of an electric Mini Global EV sales growth continues, but significant slowdown in some markets – BloombergNEF
Published: 24 Jun 24
Electric vehicle (EV) markets around the world are not all travelling in the same direction, or at the same speed, in 2024, says research group BloombergNEF (BNEF) in its newest EV Outlook Report. While global sales of EVs continue to rise, some markets are experiencing a significant slowdown, and many automakers have pushed back their EV targets.
Defence industries association calls for greater investment in the underfunded SANDF
Published: 24 Jun 24
South African Aerospace, Maritime and Defence Industries Association (AMD) CEO Sandile Ndlovu has issued an open letter to the country’s next (and currently not yet known or appointed) Defence Minister, calling for urgent and significant investment in the country’s defence force. (Following the recent national elections, in which no party gained a majority, the creation of a so-called Government of National Unity – in reality, a broad-based, or “Grand” coalition – is currently being negotiated, ...
Galileo to undertake Phase 3 drill programme at Zambian project
Published: 24 Jun 24
Aim-listed Galileo Resources has decided to undertake a Phase 3 drill programme to validate its current view that near-surface copper/gold mineralisation occurs along the Shinganda fault splay over a strike length of potentially more than 4 km, offering scope for the development of a preliminary mineral resource at the Shinganda copper/gold project, in Zambia. The Phase 1 and 2 drill programmes have confirmed the presence of copper/gold mineralisation associated with major regional and more localised structures.
BLSA CEO Busi Mavuso Mavuso says incoming Ministers must have integrity, competency
Published: 24 Jun 24
Re-elected President Cyril Ramaphosa’s promise to build a government that is “capable and honest” will depend on new Ministers being able to put party politics aside and focus on getting the job done, says Business Leadership South Africa (BLSA) CEO Busi Mavuso. In her latest weekly newsletter, she says there will be a difficult balance to strike between the competitive nature of democratic politics and the need for people to work together to deliver.
An image of Orion CEO and MD Errol Smart Drilling programme at Orion’s Okiep project confirms high-grade potential
Published: 24 Jun 24
JSE- and ASX-listed Orion Minerals has reported further “outstanding” assay results from the confirmation diamond drilling programme in the Flat Mines area at its Okiep copper project (OCP), in the Northern Cape, South Africa. The latest results add further momentum to Orion’s development strategy for the OCP, building on the initial results reported on April 22 and confirming the geology and endowment of the Flat Mines area, the company notes in a statement.
Calibre's El Limon complex in Nicaragua B2Gold sells C$139m Calibre shares
Published: 24 Jun 24
Vancouver-headquartered B2Gold has announced the sale of 79-million shares of Calibre Mining for gross proceeds of C$139.04-million. Immediately prior to the transaction, announced on Friday, B2Gold owned 110 950 333 common shares of Calibre, representing about 14.1% of the company’s stock. B2Gold’s ownership has decreased to less than 10% of the issued and outstanding common shares.
Tractor in field El Niño dries up South Africa’s agricultural business confidence for the second quarter
Published: 24 Jun 24
The Agricultural Business Chamber of South Africa (Agbiz) and Industrial Development Corporation’s Agribusiness Confidence Index (ACI) reached a 15-year low of 38 points in the second quarter of the year. This is the lowest level since the third quarter of 2009 and compares with a level of 40 in the first quarter of the year.
PPC CEO Matias Cardarelli PPC reports a 20.6% boost in revenue thanks to Zimbabwe business
Published: 24 Jun 24
Cement company PPC has reported a 20.6% year-on-year increase in revenue to about R10-billion for the financial year ended March 31, compared with the R8.3-billion in revenue reported for the prior financial year. At the release of its financial results, on June 24, the company said this growth was primarily driven by the company's performance in Zimbabwe.
The Douay gold project Maple gains full ownership of Quebec projects from Agnico
Published: 24 Jun 24
TSX-V-listed Maple Gold has consolidated ownership of the multi-million ounce Douay gold project and past-producing Joutel gold project, in Quebec. This follows the restructuring agreement between Maple and joint venture (JV) partner Agnico Eagle, terminating the 2021 agreement between the companies.
An image of Godfrey Gomwe MC Mining names interim MD, CEO
Published: 24 Jun 24
Coal miner MC Mining has appointed nonexecutive director Christine He interim MD and CEO, with effect from July 1. This follows the earlier announcement that Godfrey Gomwe has resigned as MD and CEO of JSE-, Aim- and ASX-listed MC Mining, with effect from June 30.
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