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Deep Yellow reports 18% increase in ore reserves at Tumas

Published: 18 Dec 24

ASX-listed Deep Yellow has updated the ore reserve estimate for its Tumas uranium project, in Namibia, reporting an 18% increase to 79.3-million pounds of uranium octoxide (U3O8) at 298 ppm. This is sufficient for a 30-year life-of-mine and includes proved reserves of 28.4-million pounds at 287 ppm U3O8 and probable reserves of 50.9-million pounds at 305 ppm U3O8.

Public Works and Infrastructure Minister Dean Macpherson

DPWI seeks input on better uses for 24 underutilised State-owned properties

Published: 18 Dec 24

The Department of Public Works and Infrastructure (DPWI) has released requests for proposals (RFPs) for 24 underutilised State-owned properties across the country. Members of the public and private entities have until March 13 to make proposals on how these properties can be used to ensure they contribute to the public good, help ignite job creation and add value to their communities.

Horizon completes Pennys Find PFS, which confirms project’s viability

Published: 18 Dec 24

ASX-listed Horizon Minerals has completed the prefeasibility study (PFS) for the Pennys Find gold project, in Western Australia. The PFS confirms the project’s viability as a high-grade underground mining operation.

The conveyor and Grindrod's Navitrade terminal

Grindrod achieves 2Mt coal throughput at its Navitrade terminal

Published: 18 Dec 24

Logistics group Grindrod has reached throughput of two-million tonnes of coal at its Navitrade terminal, in Richards Bay, with the support and collaboration of State-owned Transnet Port Terminals (TPT). The collective efforts of the TPT and Grindrod teams, as well as TPT’s strong quayside performance, have been instrumental in breaking previous records and positioning the terminal for continued success, Grindrod states.

Indians opt for lighter, lower carat jewellery as gold prices soar

Published: 18 Dec 24

Soaring gold prices have led many Indian families to opt for lightweight and lower-carat jewellery to stay within their budgets, industry officials said. "I wanted to gift my daughter 80 g of gold, but I was forced to scale it down to 50 g because of price increase in the past two years," said Mumbai-based Shubhangi More, choosing a necklace with a traditional design for her daughter's wedding.

Govt extends deadline for registration of spaza shops

Published: 18 Dec 24

Government has extended the deadline for registration of all spaza shops and other food-handling facilities to February 28, urging municipalities to still reserve capacity to assist those who will be registering. The initial deadline was December 17.

July Ndlovu, Billy Mawasha join AECI board

Published: 18 Dec 24

Chemicals group AECI has appointed July Ndlovu and Billy Mawasha as nonexecutive directors of its board, with effect from July 1. "The addition of Mr Ndlovu and Mr Mawasha to the board of AECI is an exciting achievement that both strengthens our governance and further diversifies the directorship. Their invaluable leadership experience and deep knowledge of the mining industry will contribute significantly towards enabling the group's sustainable growth," says AECI chairperson Dr Khotso Mokhele.

Tongaat Hulett to sell all South African assets, operating businesses to Vision Sugar

Published: 18 Dec 24

Distressed JSE-listed sugar producer Tongaat Hulett has announced that it will sell all its assets and operating businesses in South Africa to Vision Sugar South Africa. The purchase price for Tongaat Hulett's South African assets will be the fair market value determined by an appointed independent valuer, whose decision, absent any manifest error, shall be final and binding on the parties, plus an amount equal to the assumed liabilities, the company said in a statement.

Futuregrowth invests R150m in Sourcefin

Published: 18 Dec 24

Investment company Futuregrowth Asset Management has invested R150-million in small, medium-sized and microenterprises (SMMEs) finance and specialist supply chain support financial technology (fintech) company Sourcefin. Sourcefin works to bridge the critical R300-billion gap in SMME financing and empowers businesses to overcome working capital challenges and successfully fulfil public and private sector purchase orders, which are binding agreements on which the SMME is obliged to deliver.

BHP served with class action proceedings over harassment allegations

Published: 18 Dec 24

Diversified miner BHP has been served with a representative class action proceeding that has been filed in the Federal Court of Australia in relation to allegations of sexual harassment and sex discrimination. The claim is brought on behalf of all women who worked at BHP's Australian workplaces at any time during the period from November 12, 2003, to March11, 2024, who were impacted by the alleged conduct.