Jagersfontein dagger lays bare Mines and Politics

The race is on to restore South Africa’s mining industry’s reputation among global critics of an industry largely associated with deplorable environmental management practices. On Monday, President Cyril Ramaphosa paid a visit to the Jagersfontein mine in the Free State, followed by Mineral Resources and Energy Minister Gwede Mantashe and his deputy minister the very…

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Anglo-American in large Sustainable Bond Issue geared for ESG targets

 Anglo American plc this week issued its first sustainability-linked bond, including performance targets to reduce greenhouse gas emissions and fresh water abstraction, and to support job creation in host communities. This €745 million bond is the first instrument issued following the publication of Anglo American’s Sustainability Financing Framework and bond investors will be entitled to…

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Tronox Mineral Sands concludes R4 billion IPP deal with African Rainbow Energy

Tronox Mineral Sands, an American Mineral Sands mining company with operations in South Africa, has signed what is thought to be the largest Independent Power Producer agreement for the construction of two 100MW projects aimed at meeting 13% emission reduction targets. Construction is set to begin after the company reached an R4 billion financial close…

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Mine disaster signals large ESG risks as President visits Free State disaster zone.

President Cyril Ramaphosa will on Monday, 12 September 2022, visit the Jagersfontein-Charlesvillearea in the Free State where a mudslide has claimed lives and destroyed homes.Flooding caused by the collapse of a mine dam wall in South Africa’s Free State province has sweptaway houses and cars, killing one and injuring 40 others.On Sunday, a river of…

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