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![TFR locomotives](https://cisp.cachefly.net//assets/articles/images/resized/0001154668_resized_transnetfreightraillocomotives310222.jpg) |
Private train operators could access Transnet's rail network by April 2025, says business development exec
Published: 05 Sep 24
State-owned Transnet Group chief business development officer Yolisa Kani has said calls for applications for private train operators wanting to access the freight rail network are likely to open early next year. Reform of rail legislation means that it is likely that private train operators will be able to access the rail network by April 2025, she noted during a stakeholder engagement event hosted by Transnet alongside the South African Chamber of Commerce and Industry, on September 5.
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![Barloworld Equipment's new dealership in Botswana](https://cisp.cachefly.net//assets/articles/images/resized/0001154630_resized_untitled80.jpeg) |
Barloworld opens new dealership in Botswana
Published: 05 Sep 24
Original-equipment manufacturer Barloworld Equipment Southern Africa has inaugurated a new dealership facility in Phakalane, Botswana. Barloworld Equipment has had a presence in Botswana since 1964, supporting key industries and contributing to the development of the country’s infrastructure. The new facility is aimed at further enhancing its capacity to serve the Botswana mining, construction, energy and transportation sectors.
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![SACEEC CEO Eric Bruggeman](https://cisp.cachefly.net//assets/articles/images/resized/0001154563_resized_ericbruggemansaceecminingtechcovermay241022.jpg) |
SACEEC announces New Products and Innovation Awards winners
Published: 05 Sep 24
The South African Capital Equipment Export Council (SACEEC) has announced the winners of its New Products and Innovation Awards competition at the Electra Mining Africa exhibition, at the Expo Centre in Nasrec, Johannesburg. The awards are given to both local and international exhibiting companies that have contributed excellence in innovation within their respective subsectors of the mining industry.
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![Stibnite project one step closer with draft RoD issued](https://cisp.cachefly.net//assets/articles/images/resized/0001154547_resized_stibnite10221.jpg) |
Stibnite project one step closer with draft RoD issued
Published: 05 Sep 24
The United States Forest Service (USFS) has completed the final environmental impact statement (EIS) for the Stibnite project, in Idaho, with a draft record of decision (RoD) authorising the gold and antimony project. The USFS will reportedly publish the EIS and RoD in the federal register on Friday. A final RoD is expected by the end of the year.
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![Harmony CEO Peter Steenkamp, who retires at year-end.](https://cisp.cachefly.net//assets/articles/images/resized/0001154594_resized_petersteenkamp207221022.jpg) |
Mega gold producer, copper aspirant Harmony flags cost-offsetting silver, uranium value
Published: 05 Sep 24
Johannesburg Stock Exchange-listed Harmony, which has 74 years of mining experience in South Africa and two decades in Papua New Guinea (PNG), is not only a mega gold mining specialist with an emerging copper footprint, but on Thursday also flagged the cost-offsetting value of its silver and uranium production. While 96% of revenue is from gold, byproducts play a role in cost offsetting, with silver produced at Hidden Valley in PNG contributing 3% and uranium mined at Moab Khotsong in South Africa 1%.
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gold copper silver uranium
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![First Majestic to buy Gatos Silver for $970m](https://cisp.cachefly.net//assets/articles/images/resized/0001154484_resized_gatosmexico1022.jpeg) |
First Majestic to buy Gatos Silver for $970m
Published: 05 Sep 24
NYSE- and TSX-listed First Majestic on Thursday announced the actuation of Mexico-focused Gatos Silver for $970-million. Gatos is a silver-dominant producer with a 70% interest in the Los Gatos joint venture, which owns the producing Cerro Los Gatos underground mine in Chihuahua.
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Indonesia sees nickel holding near current level on new plants
Published: 05 Sep 24
Indonesia’s government sees nickel prices stabilizing near current levels in the future, as new plants in the world’s biggest producer offset rising demand and keep the market well supplied.
Prices on the London Metal Exchange should hold around $15 000 to $16 000 a ton in the short to medium term, Septian Hario Seto, a deputy at the Coordinating Ministry for Maritime Affairs and Investment, said in a presentation in Bali on Thursday. An additional 928 000 tons a year of capacity is set to come online within the next three years, most of which will produce nickel for electric vehicles.Indonesia’s government sees nickel prices stabilizing near current levels in the future, as new plants in the world’s biggest producer offset rising demand and keep the market well supplied.
Prices on the London Metal Exchange should hold around $15 000 to $16 000 a ton in the short to medium term, Septian Hario Seto, a deputy at the Coordinating Ministry for Maritime Affairs and Investment, said in a presentation in Bali on Thursday. An additional 928 000 tons a year of capacity is set to come online within the next three years, most of which will produce nickel for electric vehicles.
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Pan African flags increased earnings on the back of higher gold sales, prices
Published: 05 Sep 24
Gold producer Pan African Resources expects to report headline earnings per share (HEPS) of between $0.04 and $0.043 for the financial year ended June 30. That represents an increase of between 27% and 37% on the HEPS of $0.032 reported for the prior financial year. Earnings per share (EPS) are expected to increase by between 25% and 35% to between $0.04 and $0.043 for the year under review, compared with the EPS of $0.032 reported for the prior financial year.
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![A Sibanye employee working in a gold mine](https://cisp.cachefly.net//assets/articles/images/resized/0001154441_resized_sibanyegolddriefonteinmine1110221015duane1.jpg) |
Sibanye achieves Level 4 BBBEE accreditation
Published: 05 Sep 24
Multinational mining and metals processing group Sibanye-Stillwater reports that it has improved its broad-based black economic empowerment (BBBEE) rating to Level 4, from Level 6 in 2023 and Level 8 in 2021. Companies listed on the JSE are required to prepare a yearly compliance report prepared under Section 13G (2) of the BBBEE Act.
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