Energy & Mining Wallpost Southern Africa

Lindsey Schutters
SOUTH AFRICA
Sibanye-Stillwater faces PGM headwinds, cuts jobs at ageing mine

Sibanye-Stillwater's Marikana complex has faced the brunt of the PGM crisis
Sibanye-Stillwater's Marikana complex has faced the brunt of the PGM crisis
[Lindsey Schutters] Sibanye-Stillwater has decided to permanently close its 4 Belt shaft at the Marikana operation after failing to restore profitability at the ageing mine...

Posted 3 hours ago | Like
Lindsey Schutters
SOUTH AFRICA
Western Cape initiative keeps small businesses afloat during power cuts

The Western Cape Alternative Energy Support Programme, has allocated R12.5M for Solar PV in trading and township hubs, helping 50+ businesses stay open.
The Western Cape Alternative Energy Support Programme, has allocated R12.5M for Solar PV in trading and township hubs, helping 50+ businesses stay open.
[Lindsey Schutters] The Western Cape Provincial Government has launched a programme to shield SMMEs from the effects of load shedding...

Posted 5 hours ago | Like
Lindsey Schutters
SOUTH AFRICA
Solar industry: ‘South Africa shouldn’t waste public money on local manufacturing’

Solarworld Africa hosted a partner conference in Cape Town for its 40th anniversary
Solarworld Africa hosted a partner conference in Cape Town for its 40th anniversary
[Lindsey Schutters] Solar industry insiders argue that South Africa should not invest in local manufacturing...

Posted 1 day ago | Like
Lindsey Schutters
SOUTH AFRICA
CompCom approves Discovery Energy Holdings acquisition of Kohler Energy

The Kohler acquisition was announced in January.
The Kohler acquisition was announced in January.
[Lindsey Schutters] The Competition Commission has approved the acquisition of the Kohler Co. energy business by Discovery Energy Holdings...

Posted 14 days ago | Like
Lindsey Schutters
SOUTH AFRICA
Harmony Gold strikes landmark five-year wage deal

Harmony Gold has struck a new labour agreement 3 months before the current one lapses.
Harmony Gold has struck a new labour agreement 3 months before the current one lapses.
[Lindsey Schutters] Harmony Gold has secured a landmark five-year wage agreement with its labour unions...

Posted 14 days ago | Like
Lindsey Schutters
SOUTH AFRICA
Fuel price adjustments are a mixed bag for April

Fuel price adjustments are a mixed bag for April
[Lindsey Schutters] Gwede Mantashe, announced changes to South Africa's fuel prices, effective from 3 April...

Posted 18 days ago | Like
Lindsey Schutters
SOUTH AFRICA
18 months into EAP, strides made in curbing electricity crisis but challenges remain

Minister Ramokgopa visiting Kendal Power Station in Mpumalanga as part of a programme to address challenges at six identified power stations which are facing challenges.
Minister Ramokgopa visiting Kendal Power Station in Mpumalanga as part of a programme to address challenges at six identified power stations which are facing challenges.
[Lindsey Schutters] Minister in the Presidency responsible for Electricity Kgosientsho Ramokgopa gave the nation an 18 month update on the EAP...

Posted 18 days ago | Like
Lindsey Schutters
SOUTH AFRICA
Electricity Minister: ‘South Africa is making strides in addressing energy crisis’

The Minister in the Presidency responsible for Electricity briefed the media on the Energy Action Plan
The Minister in the Presidency responsible for Electricity briefed the media on the Energy Action Plan
[Lindsey Schutters] Minister Ramokgopa briefed the media on the Energy Action Plan and also responded to the VGBe report...

Posted 1 month ago | Like
Lindsey Schutters
SOUTH AFRICA
Fuel prices rise on back of higher global oil costs and weaker rand

Fuel prices rise on back of higher global oil costs and weaker rand
[Lindsey Schutters] Weaker rand and higher oil and transport costs have driven up the price of fuel for March...

Posted 1 month ago | Like
Lindsey Schutters
SOUTH AFRICA
Musk says AI and EV revolution put earth on the verge of power overload

The 2024 Bosch Connected World conference closed with an Elon Musk interview
The 2024 Bosch Connected World conference closed with an Elon Musk interview
[Lindsey Schutters] Elon Musk warned Bosch Connected World conference attendees of the coming transformer shortage…

Posted 1 month ago | Like
Lindsey Schutters
SOUTH AFRICA
Implats sees 80% profit drop as PGM crisis deepens

The platinum group metals crisis is set to deepen in 2024.
The platinum group metals crisis is set to deepen in 2024.
[Lindsey Schutters] Implats interim revenues slump as miner mulls mine closures to limit losses...

Posted 1 month ago | Like
Lindsey Schutters
SOUTH AFRICA
Sasol profit down 34% midway through fiscal year

Sasol is in for a rough fiscal. Source: Sasol
Sasol is in for a rough fiscal. Source: Sasol
[Lindsey Schutters] Weak demand for its products and the Transnet crisis have sent Sasol's earnings tumbling through the midpoint of the fiscal...

Posted 1 month ago | Like
Lindsey Schutters
SOUTH AFRICA
Anglo and Glencore caught in mining market headwinds

Storm clouds circle the PGMs market. Source: DALL-E 3
Storm clouds circle the PGMs market. Source: DALL-E 3
[Lindsey Schutters] Roger Eskinazi, managing director of Tickmill South Africa gives a trader's perspective on the mining market downturn...

Posted 1 month ago | Like
Lindsey Schutters
SOUTH AFRICA
Sibanye-Stillwater concludes consultations, shuts shaft to minimise job cuts

The PGM market decline is seeing job cuts across the value chain. Source: DALL-E 3
The PGM market decline is seeing job cuts across the value chain. Source: DALL-E 3
[Lindsey Schutters] Sibanye-Stillwater restructures South African PGM shafts in attempt to avoid large-scale job cuts...

Posted 1 month ago | Like
Lindsey Schutters
SOUTH AFRICA
#BudgetSpeech2024: Treasury takes crucial step towards energy security

Minister of Finance Enoch Godongwana wasted no time in a rapid 2024 Budget Speech delivery.
Minister of Finance Enoch Godongwana wasted no time in a rapid 2024 Budget Speech delivery.
[Lindsey Schutters] Minister of Finance Enoch Godongwana addressed the nation’s ongoing energy crisis directly in his 2024 Budget Speech...

Posted 1 month ago | Like
Lindsey Schutters
SOUTH AFRICA
Kumba revenue and profits are up, but job cuts still happening

Kumba revenue and profits are up, but job cuts still happening
[Lindsey Schutters] Anglo's Kumba Iron Ore reported a 3% increase in revenue, but saw a share price plunge when it announced 490 job cuts...

Posted 1 month ago | Like
Lindsey Schutters
SOUTH AFRICA
Milken-Motsepe prize finalists open up SA green energy opportunities

Stellenbosch University hosted the demonstration leg of the Milken-Motsepe Green Energy Prize competition.
Stellenbosch University hosted the demonstration leg of the Milken-Motsepe Green Energy Prize competition.
[Lindsey Schutters] Milken-Motsepe prize finalists raced to generate 65kWh of electricity in 24 hours in a live demonstration hosted by Stellenbosch University...

Posted 1 month ago | Like
Lindsey Schutters
SOUTH AFRICA
CoCT launches Cash for Power programme alongside Energy Strategy unveiling

Cape Town mayor Geordin Hill-Lewis used the opportunity to criticise national government.
Cape Town mayor Geordin Hill-Lewis used the opportunity to criticise national government.
[Lindsey Schutters] The City of Cape Town launched its Energy Strategy and opened applications for the Cash for Power programme...

Posted 2 months ago | Like
Lindsey Schutters
SOUTH AFRICA
Implats earnings projected to take a big hit

Implats are directly exposed to the PGMs market downturn
Implats are directly exposed to the PGMs market downturn
[Lindsey Schutters] Implats earnings projected to take a big hit on the back of increased costs…

Posted 2 months ago | Like
Lindsey Schutters
SOUTH AFRICA
Anglo American Q4 production meets expectations, shows growth potential

Anglo American CEO Duncan Wanblad on stage at Mining Indaba 2023. Source: Anglo American
Anglo American CEO Duncan Wanblad on stage at Mining Indaba 2023. Source: Anglo American
[Lindsey Schutters] Copper was down in 2023, but Anglo American production met expectations as CEO mulls deeper cost cuts...

Posted 2 months ago | Like
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