Company News

Anglo American Updates on Carbon Neutrality, Biodiversity and Responsible Mining Assurance

esgfrontiersNovember 1, 202205 mins

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…

IDC rakes in further shares at MOZAL

esgfrontiersOctober 31, 202203 mins

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…

Roger Baxter steps down as Minerals Council CEO

esgfrontiersOctober 31, 202203 mins

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,…

$350m sustainability-linked syndicated loan facility for Nedbank

esgfrontiersOctober 24, 20221332 mins

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…

Sasol and ArcelorMittal SA in Hydrogen Deal

esgfrontiersOctober 19, 202204 mins

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,…

African Development Bank’s AFAWA initiative punts Africa’s women-led businesses

esgfrontiersOctober 19, 202204 mins

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 Targets 30% less GHG Emissions By 2030

esgfrontiersOctober 17, 202255 mins

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…

Solar energy to power Vodacom Midrand campus

esgfrontiersOctober 10, 2022October 10, 202205 mins

Vodacom South Africa’s Midrand campus will add power generation infrastructure to their massive headquarters with solar photovoltaic (PV) panels installed as part of the telco’s sustainable strategy around energy management. This solution will allow Vodacom’s headquarters to generate around 10.8 gigawatt-hours (GWh) of its own clean power every year, which is roughly 21% of the…

South African Breweries (SAB) beefs up its ESG strategy

esgfrontiersOctober 5, 202217 mins

South African Breweries (SAB) launched its ESG strategy at an event held at its Headquarters in Johannesburg. VP of Corporate Affairs at SAB, Zoleka Lisa said, “We have been thinking long and hard about what it means to be a sustainable company. We need to create growth and value for all our stakeholders and know…

South32’s Hillside Partners with Solana Energy to Boost Sustainable Energy

esgfrontiersOctober 3, 202203 mins

South32’s Hillside Aluminium operation has partnered with Solana Energy to bring sustainable energy to one of South Africa’s most important commercial hubs. Launched in June 2022, the multi-phased project will see the establishment of renewable solar power infrastructure in the Richard’s Bay and King Cetshwayo District (KCD) economic regions, which is expected to add between…

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