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Mining Weekly | Africa

19 March 2024

The latest mining world news and project information from Africa. providing updates on the progress of future, new and existing projects. Developments in mining legislation, policies, investments and infrastructure will be highlighted
  • RBCT, TFR show that private-public collaboration can work very well – Menar
    The private-sector’s Richards Bay Coal Terminal (RBCT) and the State’s Transnet Freight Rail (TFR) have shown that the private sector and State-owned entities can work together very well, Menar MD Vuslat Bayoglu has highlighted in a Zoom interview with Mining Weekly. (Also watch attached Creamer Media video.) Menar is a private investment company with a portfolio of diversified minerals that includes anthracite, coal and manganese in South Africa, gold in Kyrgyz Republic and nickel in Türkiye,
  • Top treasury official stresses US ambitions for Africa’s metals
    US Deputy Treasury Secretary Wally Adeyemo used a five-day trip to South Africa to advertise his country’s ambitions of securing supplies of the metals needed for the global energy transition – materials that abound in Africa. Adeyemo, in a speech to US businesses active in the country, stressed that South Africa needs to put in place the right incentives to boost the mining industry. He also visited a mine owned by Sibanye-Stillwater, the South African precious and battery-metals miner that’s invested in a palladium operation in the US state of Montana.
  • Implats’ Zimbabwe unit plans voluntary job cuts to contain costs
    Impala Platinum Holdings’ Zimbabwean unit is offering staff voluntary redundancy packages to cut costs because of anemic metal prices. Weak platinum group metal prices are projected to last for the next 12 to 18 months, Zimplats Holdings CEO Alex Mhembere said in a staff circular dated March 18 that was confirmed by the company. The producer is beginning “a voluntary retrenchment exercise for all employees wishing to be considered,” which may “mitigate the need for a compulsory retrenchment,” the circular said.