Page 25 - Mining Weekly News Today

The rights issue that Johannesburg Stock Exchange-listed Sable Exploration and Mining is to undertake at R1 a share will be followed immediately by a transaction at R5 a share, giving an immediate fivefold uplift to the shareholders of the company. This follows mining company Magni Investment Holdings announcing its intention to acquire a majority stake in Sable Exploration and Mining – formerly Middle East Diamond Resources – and its subsidiaries.

Power is ebbing away from the ruling ANC but opposition parties lack the numbers to form stable alliances, Intra-party rivalries will reach new heights in the run-up to the African National Congresss (ANC) elective conference in December next year as the allies of former President Jacob Zuma make a renewed push for power. They hope to weaponise the ANCs poor performance in last months muncipal elections which has led to several unstable coalitions taking over local governments with no signs tha...

Platinum group metals (PGMs) are poised to be a very significant underpin in the green hydrogen economy and Sibanye-Stillwater is intent on ensuring that the supply of PGMs is sustainable and that the company is part of the global climate change solution, Sibanye CEO Neal Froneman told a global online conference on Friday. Addressing attendees in Tokyo, Beijing, Moscow, Johannesburg, London and New York, Froneman said that while PGMs continued to play their long-standing role of cleaning the air...

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Many things could play out next year that have the potential to materially reduce the substantial platinum surplus that the World Platinum Investment Council (WPIC) is forecasting for next year, Mining Weekly can today report. Among these is the very strong current importation of platinum into China, which is described as being significantly above identified demand.

With its vast potential for wind and solar energy, Namibia is excellently placed to become a global player in green hydrogen production, the Africa Green Hydrogen virtual conference heard on Monday, when green hydrogen was highlighted as the key decarbonisation vector in the global fight against climate change. While Namibia was described as an attractive partner for a large number of countries in the global transition towards green energy, it is Germany that is first past the post to sign a for...

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