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Skeena secures $750m for Eskay Creek project
Published: 25 Jun 24
Dual-listed Skeena Resources on Tuesday announced a financing package totalling $750-million, equivalent to more than C$1-billion, for the development, construction and working capital required for the Eskay Creek gold and silver project, British Columbia.
The funding package with Orion Resource Partners significantly derisks the project, as the company progresses Eskay Creek towards production in the first half of 2027.
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435 kW solar, battery system ensures Naboom Plastic can produce, reduce backlog
Published: 25 Jun 24
Clean energy developer Blue Energy Africa has built a hybrid 435 kW solar and battery storage system for planting bags producer Naboom Plastic, in Mookgophong, Limpopo. The system provides the producer with energy security and operational resilience, as well as saving 80% to 90% on its previous electricity use from the grid. The implementation of the system has allowed Naboom Plastic to start clearing a 60 t production backlog caused by loadshedding. It also benefits the livelihoods of the company's 64 employees and their families.
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Global miners to invest for growth, transformation amid financial pressure – PwC
 Published: 25 Jun 24
The financial performance of the world’s Top 40 mining companies is under pressure owing to lower commodity prices and rising costs, which has resulted in revenues falling by more than 7% despite increases in the production of key commodities, management consultancy PwC stated in its ‘Global Mine 2024’ report. The latest iteration of the report indicates a continuation of these trends moving forward, marking the first time since 2016 that industry revenues will fall for a second consecutive year.
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Cape Town nears completion of prepaid meter upgrade ahead of deadline
Published: 25 Jun 24
The City of Cape Town is nearing the successful completion of an electricity meter upgrade programme across the city ahead of the December deadline, when the current prepaid electricity metering software for all prepaid meters will expire.
All municipalities across the country have been mandated to undertake prepaid electricity meter software upgrades by December or customers will be unable to recharge their units through their meters.
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Exxaro weighing options for Australian coal JV amid Anglo's planned exit
Published: 25 Jun 24
Exxaro Resources is weighing its options for its Australian coal joint venture project with Anglo American following the mining giant's planned exit from the business, an executive said on Tuesday. The South African coal miner and Anglo equally own the Moranbah South metallurgical coal project in Queensland. On May 14, Anglo announced plans to spin off or sell its coal, nickel, diamond and platinum businesses to focus mainly on energy transition metal copper.
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Massmart funds seafood sampling research at Wits
Published: 25 Jun 24
Retail group Massmart will sponsor Honours level postgraduate research in the University of Witwatersrand’s (Wits’) Department of Molecular and Cell Biology aimed at improving the technique used to extract genetic material from tinned seafood products.
Massmart uses genetic identity testing, in partnership with Wits, as an added precaution to ensure the company is not supplied with red-listed or critically endangered seafood species.
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Radisson to open its first hotels in Tanzania as part of African expansion
Published: 25 Jun 24
Radisson Hotel Group will add seven new hotels, with more than 1 200 rooms, to its African portfolio and will open two hotels in Dar es Salaam and in Mwanza, in Tanzania, in 2025. The new hotels have expanded the group’s footprint in Africa to nearly 100 hotels in operation and development in 30 countries, placing it well on track to reach its goal of 150 hotels within the next five years.
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New Oppenheimer research grant awarded to physicist, to develop medical technology
Published: 25 Jun 24
The Oppenheimer Memorial Trust has announced that the first winner of its New Frontiers Research Award is University of Cape Town (UCT) physicist, Dr James Keaveney. The trust created the award to help reinvigorate research excellence in South Africa (in 2021/22 the country spent only 0.62% of its GDP on research and development; in comparison, for example, in 2022 Türkiye spent 1.32%, Australia 1.66%, Portugal 1.7%, China 2.43%, Taiwan 3.96%, and South Korea 5.21%). The award has a value of R7.5-million, which will be disbursed over five years. Keaveney is a particle physicist who has spent his career studying the fundamental particles and forces that make up all the matter in the universe. He has done so working with the European Organisation for Nuclear Research (better known as CERN) and its Large Hadron Collider, leading international research teams. While there he developed AI algorithms, and leading-edge detectors.
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Wärtsilä renews partnership in Morocco for maintenance of two power plants
Published: 25 Jun 24
Industrial technology company Wärtsilä has signed a five-year maintenance agreement covering 169.5 MW of power generation for two Moroccan power plants owned and operated by Moroccan utility Office National de l’Electricité et de l’Eau potable (ONEE). This agreement is a renewal of a previous five-year contract for the power plants in Tan Tan and Dakhla, in southern Morocco. Each of these two emergency plants operates with Wärtsilä 46 engines, the company says.
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