Mr. Solly Maphaila, the newly elected General Secretary of the South African Communist Party (SACP), claims that developed nations were responsible for the majority of global emissions, allowing them to accelerate their own industrialisation, and that developed nations should not dictate how the transition to renewable energy should be implemented while South Africa still required…
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…
South Africa’s power utility Eskom announced the shutdown of the last generating unit of its 61-year-old Komati Power Station. The station’s final commissioned unit, Komati Unit 9, entered service in March 1966. The other units were decommissioned over time as they approached the end of their useful lives. From site leveling to Unit 9’s commercial…
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…
BHP and Rio Tinto, two global mining companies, have formed a collaboration agreement to accelerate the development of technology that could significantly increase water recovery from mine tailings, reducing potential safety risks and environmental footprints associated with tailings storage facilities. The first project will include putting an innovative large-volume filter unit to the test at…
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,…
The Just Energy Transition Partnership (JETP), an investment strategy that will allow South Africa to access up to $8.5 billion in investment to finance the country’s transition away from coal, has received official support from the cabinet. The JETP partners made a $8.5 billion pledge at COP26 in Scotland last year to help South Africa…
Saudi’s ACWA Power and the Industrial Development Corporation of South Africa (IDC), a government-owned Development Finance Institution, have signed an extensive memorandum of understanding (MoU) exploring a partnership in the development of green hydrogen and its derivatives in South Africa.This partnership coincides with the state visit of the South African President Cyril Ramaphosa to the…
South Africa wants to spend billions of dollars fostering an electric vehicle industry, complicating efforts to finalize an $8.5 billion climate aid package before next month’s United Nations climate summit. The landmark funding plan unveiled at last year’s climate conference in Glasgow was meant to help South Africa wean itself off coal. It was hailed…
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…
