Rio Tinto has officially confirmed its approach to Arcadium Lithium regarding a potential acquisition of the company. This announcement follows recent market speculation about the takeover. In a statement, the world’s second-largest mining firm stated that “The approach is non-binding and there is no certainty that any transaction will be agreed to or will proceed”. However, Arcadium,…
Nigerian tycoon Aliko Dangote, president and Chief Executive of Dangote Group, has urged the Nigerian government to completely remove fuel subsidies, arguing that this will help determine the country’s actual fuel consumption and ease the burden on the economy. Speaking on Bloomberg Television in New York, Dangote stressed that subsidies have cost Nigeria trillions of…
At the inaugural African Critical Minerals Summit held in Sandton exactly a year ago on September 8th, South Africa’s Minerals Minister Gwede Mantashe candidly acknowledged that the country lacks a coherent policy approach for Critical Minerals (CRMs). As delegates listened intently, it became clear that this absence of a defined CRM strategy is more than…
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….
There’s a saying in Africa that “ndila i vhudziswa vha re phanḓa”, loosely translated to mean to knowthe route to a destination, you ask from those who are ahead.The phrase came to mind during a recent casual discussion with a European corporate strategist whohad flown to South Africa to collect data on the strategies currently…
Namibia’s Chamber of Mines has announced Mr. George Botshiwe, who is current MD of QKRNavachab Gold Mine as Second Vice President during the Special General Meeting held on 30 August2022.Botshiwe is a Mining Engineer by training and joined Navachab Gold Mine as a mining engineer in 2004. He was appointed as the youngest MD of…
Accenture has acquired Carbon Intelligence, a leading carbon and climate change strategyconsultancy, adding more than 160 professionals to its rapidly growing group of data scientists,consultants and sustainability experts. Carbon Intelligence is focused on helping global businessesunderstand their overall carbon footprints, and ways to reduce them, using Science BasedTargets Initiative (SBTi) strategies that lead to transformational rethinking of clients’ business…
Chemical and materials company BASF announced today that it has entered into new virtual power purchase agreements (VPPAs), sourcing 250 MW of wind and solar power to help offset to help power more than 20 of its U.S. manufacturing sites. With the new agreements, more than 25% of BASF’s total North American electricity consumption will…
To imagine a complete, supplant of human brain capacity to AI could be a remote achievement by all stretches of the imagination. To treat brain cells would require some significant measure of investment in similar studies, that’s common medical and human approbation, of which extant is underwritten by the elaborate monies laid out.However, assuming that…
According to the National Association of Automobile Manufacturers of South Africa (NAAMSA), over the last year, 387,125 vehicles worth R148 billion, along with R53.7 billion worth of automotive components, were exported from South Africa to 151 countries. The international trend toward electric vehicles (EVs) is growing with NAAMSA expecting that 40% of all European vehicle…
