R/€ = 20.3538 Change: -0.0283
R/$ = 19.1240 Change: 0.0301
Au 2340.13 $/oz Change: -51.71
Pt 935.40 $/oz Change: -8.10


NTCSA begins consultations on market code to govern shift towards competitive electricity industry 

By: Terence Creamer     19th April 2024 With the National Transmission Company South Africa (NTCSA) currently scheduled to be operationalised in July and efforts under way to ensure that the Electricity Regulation Act (ERA) Amendment Bill is passed by the current Parliament, work is now advancing on the market code for the future... 

Chief economist unpacks mining’s deeply-rooted contribution to economy despite challenges

By: Marleny Arnoldi     19th April 2024 The mining industry makes a significant difference in the lives and livelihoods of employees and society in South Africa through economic and socioeconomic contributions, but more can be done on the governmental administrative front to enable increased benefits, says Minerals Council South Africa... 

Seizing assets, the tip of the iceberg in fighting illicit mining activities

19th April 2024 Little over three weeks ago the National Prosecuting Authority’s Asset Forfeiture Unit (NPA AFU) obtained three orders granting the unit permission to seize assets worth some R18 million from alleged illegal mining kingpins. This gesture sends a clear message that illegal mining will be dealt... 

Alien Metals secures mining lease for Hancock iron-ore project

By: Creamer Media Reporter      19th April 2024 The Western Australia Department of Mines, Industry Regulation and Safety has granted Aim-listed Alien Metals a mining lease for the Hancock iron-ore project. This represents a key milestone on the pathway towards development of the project and provides Alien with security of tenure for a 21-year... 

Vizsla, Universal conclude merger

By: Darren Parker     19th April 2024 Canadian mineral exploration and development companies Vizsla Copper and Universal Copper have completed a merger arrangement whereby Vizsla acquired 100% of the issued and outstanding common shares in the capital of Universal in exchange for the issuance of 0.23 common shares in the capital of... 

Fibre optic cables improve monitoring, safety

By: Nadine Ramdass     19th April 2024 Innovative applications of fibre optic cable technology can provide a proactive solution to detect potential tailings storage facility (TSF) risks and improve protection of the associated environment, thereby vastly improving monitoring solutions, reports test and measurement solutions specialist... 

Tailings equipment security, integrity spotlighted

By: Nadine Ramdass     19th April 2024 The industries involved in tailings retreatment and the rehabilitation of tailings storage facilities (TSFs) are increasingly moving towards more sustainable and socially responsible practices, which are driven by technological innovation, says installation and monitoring of instrumentation... 

Will the Zimbabwe Gold, or ZiG, restore currency confidence?

By: Martin Zhuwakinyu     19th April 2024 The heightened sense of urgency within Zimbabwe’s government to act as the country’s currency crashed – losing 90% of its value since the beginning of the year – was there for all to see in the past few weeks. The latest tell-tale sign was the assumption of office of the new central bank governor... 

Record R12.1bn set aside for infrastructure in Cape Town’s R76.4bn budget for 2024/25

By: Irma Venter     19th April 2024 Cape Town mayor Geordin Hill-Lewis has tabled a R76.4-billion draft budget for the city for the 2024/25 financial year. The budget proposes record infrastructure investment of R12.1-billion for the year, and nearly R40-billion over the next three years. 

Chile president says Codelco copper output to grow in 2024

By: Reuters     18th April 2024 hilean President Gabriel Boric told a major copper industry conference on Wednesday he expects production at state-run miner Codelco to grow slowly this year and reach 1.7-million metric tons by 2030, and that he sees copper prices rising. "The Codelco production will rebound," he said, offering... 

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