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- De Beers strengthens provenance collaboration ahead of G7 import ban on Russian diamondsby Creamer Media Reporter on 29 February 2024 at 3:13 pm
Ahead of new diamond import requirements from Group of 7 (G7) nations, starting on March 1, diamond producer De Beers Group says it anticipates no disruption to its diamond supply. The group reiterates that it fully supports the G7’s intentions to prohibit the import of Russian diamonds. It also emphasises the efforts it has taken over the past decade to provide assurance on the provenance of its diamonds.
- Implats expecting phased reduction in group outputby Martin Creamer on 29 February 2024 at 2:14 pm
A phased reduction in group output owing to a probable decline in production from Impala Canada and Mimosa in Zimbabwe is likely from platinum group metals (PGMs) mining and marketing company Implats, which on Thursday reported lower group profitability, despite disciplined cost control and solid production across several operations. The odds-on decline in production amounts to roughly 8% of the production guidance of the 2024 financial year to June 30. (Also watch attached Creamer Media video.)
- Jupiter exceeds dividend policy with latest interim payoutby Marleny Arnoldi on 29 February 2024 at 10:41 am
ASX-listed Jupiter Mines has declared an interim dividend of A$0.01, after receiving a R142-million, or A$11-million, dividend from Tshipi é Ntle Manganese Mining. Jupiter will also receive R80-million, or A$6-million, in marketing profits from the South African manganese mining subsidiary.
- Cabinet and business praise Sasol and TFR for ‘first-of-its-kind’ partnership to repair 128 ...by Terence Creamer on 29 February 2024 at 10:10 am
Both Cabinet and organised business have lauded the five-year public-private partnership agreement between Sasol and Transnet Freight Rail (TFR), under which the energy and chemicals group will fund the maintenance and repair of a dedicated fleet of 128 ammonia tankers. In a statement following its February 28 meeting, Cabinet welcomed what it described as a “first-of-its-kind” partnership agreement, which it said would advance the country’s Freight Logistics Roadmap, drafted to turn around the underperforming sector.
- Project finance clinched for 520 MW South African wind, solar projects – Angloby Martin Creamer on 29 February 2024 at 8:28 am
Johannesburg- and London-listed diversified mining and marketing company Anglo American announced on Thursday that jointly owned renewable energy venture with EDF Renewables, Envusa Energy, has completed the project financing for its first three wind and solar projects in South Africa. The terms and structure of this non-recourse project financing are typical of high-quality renewable energy infrastructure assets. These three renewable energy projects, known as the Koruson 2 cluster of projects and located on the border of the Northern and Eastern Cape provinces of South Africa, will have a total capacity of 520 MW of wind and solar electricity generation.