Page 16 - Mining Weekly News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Trans-Caledon Tunnel Authority (TCTA) has come a long way since being established in 1986 to fund and implement the South African portion of the Lesotho Highlands Water Project (LHWP), gaining momentum on several other projects critical to South Africa’s economy. Since its original mandate – financing, building, operating and maintaining the LHWP’s Delivery Tunnel North – the TCTA has received several directives, transforming into a multiproject entity tasked with funding and implementing a portfolio of bulk raw water infrastructure projects on behalf of the Departm...

Fruitful discussions are taking place on flow-through shares to incentivise junior mining and exploration, Minerals Council South Africa’s Junior and Emerging Miners Desk head Grant Mitchell said on Thursday. In response to Mining Weekly, Mitchell said the Minerals Council was doing a lot of work to facilitate engagements between the Johannesburg Stock Exchange and its junior, emerging and exploration members and associations.

More succinct licence processes are needed to attract exploration investment in South Africa,  Pearl Gray Equity and Research managing partner Steve Booyens said on Friday. “There are loads of investors in North America, London and the European Union that want to invest, but they're afraid of delay costs, opportunity costs and poor governance,” said Booyens, who spoke to Mining Weekly in a Zoom interview. (Also watch attached Creamer Media video.)

Engineering News editor Terence Creamer discusses the latest updates on the actions South Africa is taking to address the electricity crisis, including positive developments on the distributed generation and trasnmission grid investment fronts, but with the immediate prognosis in terms of loadshedding remaining bleak. The country also faces the risk of making potentially extremely costly decisions as it considers options for the procurement of electricity to be generated by Karpowership.  

Mining Weekly Editor Martin Creamer discusses Anglo American's “next phase of delivery”; the JSE's hope to attract junior mining and exploration companies to list.; and Sibanye-Stillwater’s 89 MW wind energy project.