Several African nations have officially indicated their interest in participating in the innovative Battery Energy Storage Systems (BESS) Consortium, which was launched during COP28. This collaboration has the potential to revolutionize the energy landscape in Africa by fostering advanced energy storage solutions through cooperation and ingenuity. By becoming part of the BESS Consortium, which is…
TotalEnergies is planning to explore for oil offshore South Africa’s West Coast, where environmental groups have increasingly opposed such activity. The French explorer proposes to drill one well, which could result in an additional nine wells depending on the success of the first, SLR Consulting, which is doing the environmental assessment, said on its website….
Mzansi Energy Consortium (Mzansi Energy) has been appointed by Palabora Mining Company to develop a 132MWp solar photovoltaic (PV) plant and battery energy storage system (BESS) capable of storing 310MWh of electricity. The power plant, dubbed “Marula Green Power,” is expected to be built in two stages: construction and operation and maintenance. The project is…
Anglo American plc has released its twice-yearly sustainability performance update, which includes information on decarbonisation, net positive biodiversity, and progress toward ensuring that all operations adhere to internationally recognized responsible mining standards. Duncan Wanblad, Chief Executive of Anglo American, said: “There is growing awareness of the centrality of mining to enabling the energy transition and…
Industrial Development Corporation of South Africa Limited (IDC) has bought 8.445% of the entire stake in MCA Metals Holding Gmbh (MCAM) in Mozal, SA. The Competition Regulatory Authority (ARC) published the information a few days ago in a statement in which the authority requested views on the operation. MCAM is a subsidiary of the Mitsubishi…
Minerals Council of South Africa( formerly Chamber of Mines SA) CEO Roger Baxter has decided to step down when his contract expires in April 2023, ending nearly nine years in the leadership role of “tirelessly promoting, championing, and protecting the South African mining industry”. In a widely distributed press statement on October 31, Nolitha Fakude,…
Nedbank’s London branch has signed a $350m sustainability-linked syndicated term loan facility, which will be used to refinance outstanding balances on a prior loan. The proceeds of the two-year loan, which comes with the option to extend for an additional year, will be used to refinance the $250m balance outstanding on a $500m syndicated term…
South African-based global energy and chemicals company Sasol and steel company ArcelorMittal South Africa (AMCO) have signed a Memorandum of Understanding (MoU) to cooperate on green energy development and the decarbonisation of the manufacturing industry during the African Energy Week in Cape Town. Signed by Priscillah Mabelane, Executive Vice President at Sasol and Aldridge Louis,…
The African Development Bank Group’s Affirmative Finance Action for Women in Africa (AFAWA) initiative is launching its second call for proposals for the Women Entrepreneurship Enablers program, targeting women’s business associations, incubators, accelerators, women-led cooperatives, and civil society organizations that promote the development of women entrepreneurs on the continent. AFAWA is offering grants of up…
AngloGold Ashanti has released a carbon emissions reduction target that aims to achieve a 30% absolute reduction in its Scope 1 and 2 Greenhouse Gas (GHG) emissions by 2030 through a combination of renewable energy projects, fleet electrification and lower-emission power sources. The company, which has reduced its absolute GHG emissions by more than two…
