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WEG Africa

Press Office - WEG Africa

Geraldine Slattery
BHP warns Australian mining not ready for low-cost competitors
18th November 2024 By: Bloomberg

BHP Group’s Australia chief said the nation can’t rely on its traditional mining export markets and is unprepared for a new era of lower-cost competitors. The boom in demand from China’s... 


Flags at Barloworld's Sandton premises
South Africa’s Barloworld in talks with Saudi Arabia’s Zahid Group
15th November 2024 By: Bloomberg

Barloworld is in talks with a group of investors that includes a unit of Saudi Arabia’s Zahid Group about the acquisition of the African distributor of Caterpillar Inc. equipment. The... 


West Africa - beyond traditional energy
West Africa - beyond traditional energy
15th November 2024

By: Ajibola Akindele - Country President, Nigeria, Schneider Electric West Africa It is a double-edged sword; West Africa is going through an exciting period of industrialisation but also continues... 


An image showing cement
Sustainable Fitch expands Transition Assessment to mining, steel, cement sectors
15th November 2024 By: Tasneem Bulbulia

Sustainable Fitch, a FitchSolutions company, has launched an expanded Transition Assessment analytical product, through the development of new sector-specific methodologies, covering additional... 


France's Orano warns of financial problems at Niger uranium plant Somair
15th November 2024 By: Reuters

French nuclear fuels company Orano warned on Friday of a "deteriorating financial situation" at its Somair uranium plant in Niger, whose board it said had sought a temporary halt on expenditures... 


The Lance uranium project will restart production before the end of next month.
Peninsula Uranium CEO plans to step down
15th November 2024 By: Mariaan Webb

Australia-based Peninsula Energy has confirmed that its MD and CEO, Wayne Heili, will step down next year, triggering the start of a formal succession planning process. Heili’s decision comes as... 


Copper price could fall to $8 500 as Trump win boosts dollar, threatens demand
Copper price could fall to $8 500 as Trump win boosts dollar, threatens demand
15th November 2024 By: Reuters

Copper prices could fall towards $8 500 a metric ton within the next four months on expectations that demand will be hurt by potential trade disruptions when Donald Trump returns to the White House... 


Donald Trump
Trump's transition team aims to kill Biden EV tax credit
15th November 2024 By: Reuters

President-elect Donald Trump's transition team is planning to kill the $7 500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, two sources with direct... 


Australian PM Anthony Albanese
Australia eyes US climate policy shift for green energy boost
15th November 2024 By: Reuters

Any move by the Trump administration to change US climate policy could benefit Australia's ambitions to attract greater investment to its critical minerals and green energy industry, Prime Minister... 


Image of the Langer Heinrich mine
Langer Heinrich uranium restart project, Namibia – update
15th November 2024 By: Sheila Barradas

Paladin Energy has revised downwards its production forecast for the Langer Heinrich mine. 


Image of solar panel system
Harmony Gold renewable-energy programme, South Africa – update
15th November 2024 By: Sheila Barradas

Construction of the Moab Khotsong solar PV will start before the end of 2024. 


Image of copper ore
Eva copper mine project, Australia – update
15th November 2024 By: Sheila Barradas

Harmony Gold Mining Company is in the final stages of the feasibility study update for the project. 


Image of gold pellets
Cariboo gold project, Canada – update
15th November 2024 By: Sheila Barradas

Osisko Development is facing potential legal challenges over the project. 


Image of Australia flag and periodic table symbol for lithium and tantalum
Kathleen Valley lithium/tantalum project, Australia – update
15th November 2024 By: Sheila Barradas

Liontown Resources has scaled back its production plans for the flagship Kathleen Valley lithium project. 


Image of the Balama graphite project
Balama graphite project, Mozambique – update
15th November 2024 By: Sheila Barradas

Syrah Resources has received the first disbursement of $53-million from its loan agreement with the US International Development Finance Corporation to support the development of the project. 


Photo of Terence Creamer
Trading in focus
15th November 2024 By: Terence Creamer

Few would disagree that aggregators and traders will have an important and increasing role in South Africa’s future electricity market. Even in the current environment, where the industry is still... 


Automotive Industry Transformation Fund distributes R596m to 67 companies
15th November 2024 By: Irma Venter

The Automotive Industry Transformation Fund (AITF) has since its inception in 2020 invested R596-million in 67 companies across the automotive value chain, says  CEO Jabu Selumane. “Our goal is to... 


Delba Image
Detecting misalignment, imbalance and bearing issues to enhance performance
15th November 2024

Electrical rotating machines are the workhorses of many industrial applications, driving everything from manufacturing machines to mining equipment. The performance and longevity of these... 


A generic image of a wine farm
Sustainability, community focus integral to agricultural business
15th November 2024 By: Lumkile Nkomfe

To demonstrate its commitment to sustainability and community empowerment, Stellenbosch wine producer Spier Wine Farm highlights the importance of remaining mindful of its environmental impact... 


An image of Apiwe Nxusani-Mawela
Company champions local craft beer potential
15th November 2024 By: Lumkile Nkomfe

The imperative of facilitating growth within the country’s craft beer market could catalyse social and environmental sustainability, highlights Johannesburg-based craft brewery Tolokazi Beer. The... 


An image of molten copper poured into molds at the ZiJIn Serbia Copper plant in Bor, Serbia, on Thursday, April 18, 2024
Smelting oversupply, investment affect copper market
15th November 2024 By: Nadine Ramdass

An oversupply of copper smelting capacity is leading to low treatment and refining charges (TCRCs) and shifting project investment trends are impacting on the longer-term copper mine development... 


An image of a Schurco Slurry pump system at a copper mine.
Copper demand spurs innovative mining
15th November 2024 By: Nadine Ramdass

Amid growing copper demand globally, driven by the energy transition, mining companies face significant pressures to increase output amid declining copper head grades.  To meet this challenge,... 


Green pipework inside pump station
Public–private collaboration needed to tackle South Africa's infrastructure challenges
15th November 2024

South Africa faces immense challenges in developing and maintaining the infrastructure it needs to support social and economic growth. From water shortages to the energy crisis, no single entity,... 


An image of NextOre's MRA mobile turnkey solution
Solution simplifies ore sorting
15th November 2024 By: Nadine Ramdass

Increased metal recovery, reduced waste, improved water conservation and lower energy consumption can be achieved using original-equipment manufacturer NextOre’s advanced sensor system Magnetic... 


PV workers
AFD approves another €400m JET-linked policy loan to South Africa
14th November 2024 By: Terence Creamer

Agence Française de Développement (AFD) has approved another €400-million policy-based loan to support South Africa’s Just Energy Transition (JET), increasing its approvals to €700-million out of... 


Roger Baxter and Johan Odendaal.
South Africa back on investor radar screen, Roger Baxter reports
14th November 2024 By: Martin Creamer

People are sitting up and taking notice of South Africa being very much back on the investment radar screen, Southern Palladium executive chairperson Roger Baxter said on Thursday. This follows the... 


Australia may lose A$69bn amid green steel rush, report says
Australia may lose A$69bn amid green steel rush, report says
14th November 2024 By: Reuters

Top global iron-ore exporter Australia could lose as much as half its revenue from the sector if it fails to start producing green iron fast enough, as other countries start making steel using... 


Gold Fields' Cerro Corona mine, in Peru
Gold Fields records quarterly output increases across portfolio
14th November 2024 By: Marleny Arnoldi

JSE-listed Gold Fields made notable operational improvements in the quarter ended September 30, resulting in a 12% quarter-on-quarter increase in output to 510 000 oz and a 3% quarter-on-quarter... 


Lithium in nascent recovery, but longer-term outlook still bleak
Lithium in nascent recovery, but longer-term outlook still bleak
14th November 2024 By: Bloomberg

Lithium is enjoying a mini-revival on an uptick in Chinese electric vehicle demand and supply cuts, although analysts caution there’s still likely to be a surplus of the battery metal in 2025.... 


Antofagasta unveils South America's first hydrogen-powered locomotive
Antofagasta unveils South America's first hydrogen-powered locomotive
14th November 2024 By: Creamer Media Reporter

Chile-based copper miner Antofagasta’s transport division, Ferrocarril de Antofagasta a Bolivia (FCAB), has unveiled South America’s first hydrogen-powered locomotive. The new locomotive, which... 


The role of the private sector in Kenya’s journey to 100% renewable energy by 2030
The role of the private sector in Kenya’s journey to 100% renewable energy by 2030
14th November 2024

By: Geraldine Sande - Channel Sales Leader for Schneider Electric East Africa Kenya is emerging as a leader in renewable energy on the African continent, with an impressive 90% of its electricity... 


China's copper smelters to cut output next year on raw material shortage
14th November 2024 By: Reuters

Chinese copper smelters are likely to further cut production, shut down or extend maintenance to cope with a severe shortage of raw material or concentrate supply next year, participants at a... 


BHP's Spence mine
BHP set to detail copper growth plans on Chile roadshow, analysts say
14th November 2024 By: Reuters

BHP Group is likely to flesh out plans next week to spend at least $7-billion over the coming years to recover more metal from the world's biggest copper mine, Escondida in Chile, investors and... 


carbon tax graphic
National Treasury publishes Phase 2 carbon tax discussion paper for public comment
13th November 2024 By: Darren Parker

National Treasury has published a carbon tax discussion paper for public comment, outlining Phase 2 of the carbon tax. Government announced its intention to do this in the 2024 Budget presented in... 


Sovereign completes mining trials at Malawi project
13th November 2024 By: Tasneem Bulbulia

Aim- and ASX-listed Sovereign Metals has successfully completed the mining trials stage of its pilot mining and land rehabilitation programme (pilot phase) at the Kasiya rutile/graphite project, in... 


Bernard Swanepoel
How South Africa can grow participation in key battery manganese supply chain
13th November 2024 By: Martin Creamer

How South Africa can grow its participation in the global battery supply chain was spelt out this week at the Mintek@90 event to mark nine decades of mineral and metallurgical research, development... 


Thunderbird buys strategic NSW gold/antimony project
13th November 2024 By: Creamer Media Reporter

ASX-listed Thunderbird Resources has entered into an agreement to acquire a prospective antimony and gold exploration land package in New South Wales. The exploration portfolio is located... 


Spatial computing and AI – where no man has sustainably gone before
Spatial computing and AI – where no man has sustainably gone before
13th November 2024

By: Johan Potgieter - Cluster Industrial Software Lead at Schneider Electric Some will argue that we now live in a Sci-Fi world where we dream of electric sheep and today’s technology – unlike HAL... 


Employees at the Grosvenor coal mine
Anglo American coal bidders down to three, say sources
13th November 2024 By: Reuters

The final bidders for Anglo American's Australian coal assets are down to Yancoal Australia, Stanmore Resources and Peabody Energy Corp, three sources with knowledge of the matter told Reuters. The... 


Suncor Energy beats Q3 profit estimates on higher production, raises dividend
13th November 2024 By: Reuters

Canada's Suncor Energy raised its quarterly dividend on Tuesday after the integrated oil and gas firm beat estimates for third-quarter profit, as it benefited from higher oil production and demand... 


Southern CEO says extending coal among options to meet AI demand
13th November 2024 By: Bloomberg

The booming demand for electricity from data centers and new factories requires an “all of the above” energy strategy that opens up the possibility of Southern Co. extending the retirement date of... 


COP29 is being held in Azerbaijan this month
Global CO2 emissions to hit record high in 2024, report says
13th November 2024 By: Reuters

Global carbon dioxide emissions, including those from burning fossil fuels, are set to hit a record high this year, pulling the world further off course from averting more destructive climate... 


NSW updates renewable energy guidelines to safeguard mineral exploration access
12th November 2024 By: Creamer Media Reporter

The New South Wales (NSW) Department of Planning has updated its renewable energy planning framework, ensuring that large-scale renewable energy projects do not restrict mineral exploration... 


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