South African coal producer Exxaro Resources announced a binding agreement to acquire a portfolio of high-quality manganese assets for a total unadjusted purchase price of R11.67 billion (approximately $637 million). This acquisition marks a major step in Exxaro’s diversification strategy, expanding its commodity base into minerals crucial for the energy transition. The deal encompasses…
The new year has begun on a bleak note for employees of ArcelorMittal South Africa (Amsa), as the steel major announced its decision to wind down its long steel business on the first Monday of 2025. This move threatens the livelihoods of approximately 3,500 direct and indirect jobs across Gauteng, Mpumalanga, and KwaZulu-Natal, with many…
A groundbreaking study by Meridian Economics reveals that battery energy storage can be a game-changer for South African businesses, unlocking significant cost savings and a more sustainable energy future. This report, published on the first week of December 2024, highlights the financial viability of investing in behind-the-meter batteries, emphasising their potential to reduce energy costs…
South Africa’s mining industry is increasingly diversifying from an era that was associated with gold mining to an industry with a diverse range of mineral resources such as platinum group metals (PGMs), coal, gold, copper, manganese, vanadium, and other natural resources that are considered critical for the just transition. Gwede Mantashe, South Africa’s Minister of Mines, delivered these remarks at the…
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…
