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A hydropower plant in Angola ProMarks, Trafigura sign MoU with Angola govt to develop PPP model for power transmission
Published: 05 Jul 24
Electrical engineering company ProMarks and industrial conglomerate Trafigura have signed a memorandum of understanding (MoU) with the government of Angola to conduct a technical and economic viability study and develop a public-private partnership model for a major regional power transmission and supply project. The proposed project will entail building and operating a 2 000 MW high-voltage electricity interconnector, which is a high-voltage direct current transmission line, to take surplus green electricity produced by hydroelectric dams located in the north of Angola to the Democratic Republic of Congo Copperbelt and Zambia, integrating with the Southern Africa Power Pool.
Platinum bars More than half-million platinum ounces flow into ETFs in two months in UK
Published: 05 Jul 24
Over the course of April and May, an inflow of more than half a million ounces of platinum poured into exchange traded funds (ETF) holdings in the UK, the biggest since South Africa’s ETF initial public offering (IPO) on the Johannesburg Stock Exchange nearly a quarter century ago. “The more than half a million ounce inflow we saw into the UK ETFs is the biggest ever addition into any of the regional ETFs, with the exception of when, for example, the South African one was first set up.
Orion issues share purchase plan for R60m capital-raise
Published: 05 Jul 24
ASX- and JSE-listed Orion Minerals has provided a copy of a share purchase plan (SPP) offer booklet and application form, which is in the process of being dispatched to eligible shareholders, to raise up to about R60-million. The SPP opened on July 5 and is expected to close on July 23. Eligible shareholders can now apply for parcels of new shares ranging from at least R2 000 to a maximum of R365 000 without incurring brokerage or transaction costs.
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