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Employees working underground at an Implats mine Mining sector employment holds up well despite first-quarter decline
Published: 26 Jun 24
Following five uninterrupted quarters of job gains, employment in the mining sector declined during the first quarter of this year, the Minerals Council South Africa reports. Citing Statistics South Africa's latest quarterly employment statistics, the council points out that formal mining sector employment had decreased by 2 356 jobs in the first quarter, compared with the fourth quarter of 2023.
Major international funding agencies strengthen cooperation to benefit small farmers
Published: 26 Jun 24
The Organisation of Petroleum Exporting Countries’ Fund for International Development (OPEC Fund) has signed a cooperation agreement with the UN International Fund for Agricultural Development (IFAD). This will expand the existing partnership between the two agencies and strengthen the joint financing of food security and climate resilience projects, to support smallholder farmers around the world. Smallholder farmers are responsible for the production of 33% of the world’s food. “Food security and climate action are cross-cutting strategic themes for the OPEC Fund,” highlighted Fund president Abdulhamid Alkhalifa. “We are committed to supporting a sustainable and just energy transition while ensuring vital food supplies worldwide. We will boost our long-standing partnership with IFAD by working faster and smarter to deliver our support where it is needed most.”
Cranes at a construction site Civil construction activity growth well supported, but sentiment remains low – survey
Published: 26 Jun 24
The First National Bank (FNB)/Bureau for Economic Research Civil Confidence Index decreased to 44 points in the second quarter, from an eight-year high of 47 in the first quarter. While slightly lower, activity growth remained well supported, while the pipeline of work improved noticeably, FNB reports.
Limes Citrus Academy launches targeted skills training programme
Published: 26 Jun 24
Nonprofit training organisation the Citrus Academy has introduced a new Citrus SuperPower programme with which it aims to develop the skills and knowledge of supervisors, open new growth and progression opportunities and give workers the opportunity to become supervisors. The Citrus Academy was established by the Citrus Growers’ Association of Southern Africa (CGA) to enable human resource development in the industry.
A haul truck at a coal mine in South Africa LGIM to sell Glencore stake on concern over thermal coal plans
Published: 26 Jun 24
Legal & General Investment Management (LGIM) said it will divest from Glencore Plc, the world’s biggest coal shipper, on concerns about its production of the most polluting fuel. While most of its rivals have either ditched — or plan to exit — thermal coal, Glencore has instead said it plans to run its mines to closure by 2050. The commodities giant says the world still needs the dirtiest fossil fuel and that it’s the best owner of the mines.
Policy uncertainty index moves further into negative territory in the second quarter
Published: 26 Jun 24
The North West University (NWU) Business School’s Policy Uncertainty Index (PUI) moved further into negative territory in the second quarter, rising to 68.3 points, compared with 65.8 in the first quarter. This is, however, unsurprising given the uncertainty that weighed on business and market sentiment ahead of the national elections.
Anglo Executive Market Development Head Benny Oeyen Anglo spearheading exciting new clean hydrogen mobility initiative across Europe
Published: 26 Jun 24
Platinum-based hydrogen fuel cell electric vehicles (FCEVs) received a major boost on Wednesday with the announcement of an initiative to deploy new fleets of zero-emission FCEV taxis in Europe. With nearly 500 000 pilot project passenger journeys across six million kilometres taking place as part of a pilot project that began in 2023, a strong thumbs up is now being given to FCEVs, which are particularly well suited to vehicle fleets such as taxis and buses.
Matla power station Eskom reports arrest of copper cable thief at Matla
Published: 26 Jun 24
State-owned power utility Eskom has apprehended a suspected copper cable thief at the Matla power station after security officers discovered the individual during routine search duties. The incident, which took place on June 23, was reported to the Kriel police station, with the suspect now facing charges of theft and unlawful possession of about R4 000 worth of copper cable.
Mining filtration solutions transform operational efficiency, sustainability Mining filtration solutions transform operational efficiency, sustainability Has Video
Published: 26 Jun 24
Advanced filtration technologies are proving to be pivotal in optimising efficiency and sustainability efforts in the mining industry. This was the focal point of a recent webinar hosted by Creamer Media Webinars for unique filtration technologies provider Donaldson. The company’s advanced filtration technologies [MS1] provide comprehensive solutions for both above- and below-ground mining, while their innovative solutions reduce maintenance costs and boost equipment uptime.
Diamonds being sorted De Beers sells $315m of rough diamonds in fifth cycle
Published: 26 Jun 24
Diamond miner De Beers sold $315-million worth of rough diamonds in the fifth sales cycle of this year, compared with the $383-million worth of diamonds sold in the fourth cycle of this year. Sales were also lower than the $456-million recorded in the fifth sales cycle of 2023.
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