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  • Capital posts solid growth in second-quarter revenue
    by Marleny Arnoldi on July 18, 2024 at 2:15 pm

    London-listed mining services company Capital has posted a 16.6% year-on-year increase in revenue to just under $90-million for the quarter ended June 30. The revenue generated in the quarter also represents an 11.2% increase on that generated in the first quarter of the year.

  • We’ve delivered strong second-quarter production – Anglo CE
    by Martin Creamer on July 18, 2024 at 1:29 pm

    Diversified mining company Anglo American on Thursday emphasised its embedding of operational resourcefulness across its asset base and highlighted its second-quarter performance as being strong. Moreover, the strategy reviewing Johannesburg- and London-listed centenarian described its copper production as “tracking well to the full year plan” and its asset divestment execution work as proceeding at pace.

  • Eskom makes shock objection to issuance of trading licences
    by Terence Creamer on July 18, 2024 at 1:15 pm

    Eskom has lodged a surprise objection to the issuance of licences to private traders in areas where its distribution entity currently holds a licence, arguing that the current rules of the National Energy Regulator of South Africa (Nersa) prohibit two or more licensees supplying the same area. The objection was made during virtual Nersa hearings being held to consider the granting of generation, trading, as well as import-export licences to various entities, including Discovery Green, CBi Electric Apollo, Green Electron Market and Africa GreenCo.

  • AfDB approves R18.85bn loan for Transnet's business recovery plan
    by Creamer Media Reporter on July 18, 2024 at 12:54 pm

    The African Development Bank Group (AfDB) has approved an R18.85-billion, or $1-billion, corporate loan to South Africa's State-owned freight transport and logistics group Transnet for its recovery and growth plans. The 25-year loan is fully guaranteed by the government of South Africa. It will facilitate the first phase of the group's R152-8-billion, or $8.1-billion, five-year capital investment plan to improve its existing capacity ahead of expansion for the priority segments throughout the transport value chain.

  • Anglo Platinum anticipating 15% to 25% lower half-year earnings
    by Martin Creamer on July 18, 2024 at 11:20 am

    The basic earnings and earnings per share of platinum group metals (PGM) mining company Anglo American Platinum for the first six months of this year are anticipated to be between 15% and 25% lower than the half-year earnings of 2023. Basic earnings are likely to be between R5.8-billion and R6.6-billion and earnings per share between 2 204c per share and 2 508c a share, the Anglo American group company outlined, citing the earnings decreases as being largely the result of a 24% lower rand PGM basket price relative to the first half of last year.