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  • Barrick signs MOU with Zambian government aimed at boosting mining and exploration
    This audio is brought to you by Astec Industries, a Global Leader in manufacturing equipment for infrastructure, including asphalt production, construction, and material processing, driving innovation and sustainability.
    Gold and copper mining company Barrick has clinched an agreement with the government of Zambia aimed at boosting exploration and mining in the well-endowed central African country.
    This collaboration with the New York- and Toronto-listed Barrick aligns with Zambia's vision to increase annual copper production to 30 million tons in the coming decades, South African-born Barrick CEO Dr Mark Bristow disclosed on Wednesday, while delivering another set of outstanding financial results despite the issues it is having to deal with in Mali. (Also watch attached Creamer Media video.)
    The memorandum of understanding (MOU) is with Industrial Resources Limited or IRL, a subsidiary of the Zambian government's Industrial Development Corporation..
    The purpose of the MOU is to establish a strategic partnership aimed at unlocking the maximum mineral potential amid Barrick's own Lumwana Super Pit copper expansion in Zambia advancing full permitting status with the feasibility study is now complete.
    When Barrick acquired the Lumwana copper mine in 2011 it was unprofitable, which resulted in a $5-billion write down in the past five years.
    A focus on cost discipline and exploration has added significantly to reserves, extending the life of mine by more than 20 years.
    "Today, the mine is sustainably profitable and a pillar of our copper growth strategy," Bristow pointed out, with the operational Lumwana delivering a stellar record quarterly production performance, which brought the mine back into guidance and delivered a considerable improvement in costs, ensuring a successful end through 2024.
    "With the Super Pit expansion feasibility study completed, we are now moving forward with the project development following approval from the board. The feasibility study clearly supports the value of this investment.
    Importantly, Barrick is able to fund the Super Pit expansion through its current and forecast cash flow facilities without needing to issue any new shares or take on additional debt.
    "We've appointed our engineering partners and finalise the environmental and social impact studies for which we now have received the permit.
    "We're also on track with early works design and long lead item fabrication.
    "This highlights the big advantage of emerging markets, where large expansions and new projects can be completed much more quickly than in the developed world, but at exactly the same standard," Bristow noted during the presentation of results covered by Mining Weekly.
    3 min
  • Pan African can operate and grow in South Africa ‘very successfully’, Cobus Loots reports
    This audio is brought to you by Astec Industries, a Global Leader in manufacturing equipment for infrastructure, including asphalt production, construction, and material processing, driving innovation and sustainability.
    The London- and Johannesburg-listed Pan African Resources is able to operate and to grow in South Africa - "and do so very successfully", an upbeat CEO Cobus Loots stated emphatically on Wednesday when he reported that a full feasibility study on the Soweto Cluster tailings storage facilities (TFSs) is expected to be completed by September to extend still further the life of the below-budget, ahead-of-schedule Mogale Tailings Retreatment (MTR) operation, which is thriving west of Johannesburg.
    "We're growing profitable production very materially. We expect to be well north of 200 000 oz of annual production in 2025," Loots said of Pan African as a whole during the interim results presentation covered by Mining Weekly. (Also watch attached Creamer Media video.)
    Amid the stunning below-two-year payback of the MTR project and an under-three-year expected payback of the Tennant Consolidated Mining Group (TCMG) gold/copper project - which Pan African Tennant Mining Operations MD Peter Main described as "a gamechanger" - it was made patently clear that there is no chance that the current restructuring of the Sheba mine in Barberton will result in closure.
    Under way are renewable-energy initiatives to provide an estimated 100 MW of decarbonised power by 2030.
    Meanwhile, renewable-energy plants at Fairview and Evander Phase 1 are generating some 21 GWh of solar power, which realises a half-year financial saving of $2.1-million and cuts out 19 000 t of Scope 2 emissions.
    A feasibility study has been completed for yet another solar renewable energy plant, this time one of 20 MW, with applications for environmental authorisations and permitting in progress.
    In addition, several energy efficiency optimisation projects have been embarked upon at operations, realising $0.3-million in half-year savings and avoiding 3 000 t of emissions.
    Evander's water treatment plant will be expanded to supply up to 5.5 ML/d from the current 3 ML/d, with construction work to expand the plant commencing during 2025.
    Rehabilitation at MTR's Mogale and Soweto sites is already in progress, with several wetlands already restored.
    The group is on target to rehabilitate 85 ha for financial year (FY) 2025 and closure liabilities are materially funded, with a relatively modest shortfall of $5.2-million related to the MTR closure.
    Meanwhile, the full Soweto Cluster feasibility study is focusing on the possibility of constructing a new processing facility, which would be a standalone operation, also producing about 50 000 oz/y, as is the case with the highly profitable MTR, where studies could result in that output being lifted to 60 000 oz/y in the next year.
    It is envisaged that this could be achieved through installing additional reactors to further improve recoveries. It could involve the addition of two carbon-in-leach (CIL) tanks to increase throughput to a million tonnes a month from 800 000 t a month.
    Being studied, too, is the inclusion of a hard rock crushing circuit enabling the processing of nearby remnant hard rock resources.
    The potential inclusion of additional proximal TSF resources that add still further the Soweto project's life-of-mine is also under scrutiny.
    At TCMG in Australia, construction of the Nobles Gold CIL processing plant is ahead of schedule and within budget, with first gold now expected in the last quarter of FY 2025.
    Despite all the capital that Pan African has invested, the strongly advancing company remains able to maintain sector-leading dividend payouts to shareholders and is considering an interim dividend in the next year amid being able to grow production by almost 50% in a short space of time.
    "What's very helpful is that our assets have extended lives. We don't have to go and acquire more assets to maintai...
    6 min
  • Platinum metals have major ‘urban mining’ plus to offer, Johnson Matthey reports
    This audio is brought to you by Astec Industries, a Global Leader in manufacturing equipment for infrastructure, including asphalt production, construction, and material processing, driving innovation and sustainability. v
    Platinum group metals (PGMs) - which are hosted and mined overwhelmingly in South Africa - have recycling rates approaching the 100% mark in some applications, with the carbon intensity of PGM recycling some 97% lower than that of newly mined metal.
    PGM products are used in a vast number of industrial applications where technology and performance are key, and the recovery of platinum, palladium, rhodium, ruthenium, and iridium has given rise to what is best described as an 'urban mining' plus.
    Johnson Matthey, a company founded in 1917 which has a long-standing South African presence in nearby Germiston, reports in a white paper that the growing need of PGMs cannot be met through conventional below-surface mining alone.
    As a refiner of recycled PGMs, a participant in global PGM supply chains and trade, and a provider of PGM market intelligence, Johnson Matthey's experience is an eyeopener for the many who are currently working globally to establish circularity for all metals and materials to meet lower-carbon imperatives.
    Earlier this month, Johnson Matthey and Bosch agreed to collaboratively develop zero-emission hydrogen technology, involving the generation of green hydrogen generation through PGM-based electrolysis and the conversion of that green hydrogen to clean electricity through fuel cells that also make use of PGMs.
    Hydrogen fuel cells are electrochemical devices that combine hydrogen and oxygen to generate electricity. As pure water is the only by-product, fuel cell electric vehicles are a zero-emission option.
    With Bosch, catalyst coated membranes for use in fuel cell stacks will be advanced
    Catalyst coated membranes will be used in integrated, compact and scalable fuel cell power module for commercial vehicles, designed for longer distances.
    Interestingly, on Tuesday, February 11, Johnson Matthey unveiled a new way of getting more from hydrogen production, through the use of its trade-marked Catacel catalyst.
    By reducing energy consumption and increasing feedstock efficiency, this catalyst introduces a way that hydrogen production can be scaled more cost effectively.
    As the world searches for cleaner energy solutions, green hydrogen is emerging with progressive viability as the genuine no-carbon option, amid the Danish Government announcing that it plans to supply green hydrogen to Germany by 2030.
    The green hydrogen will be piped from Esbjerg to the German border as part of a package of measures that will support the hydrogen and offshore wind markets. Preparations to ensure the export of the hydrogen in five years time are already in motion.
    "Denmark has an opportunity and an obligation to take part in kick-starting the emerging hydrogen market in Europe. This is the beginning, not the end," Danish Climate, Energy and Utilities Minister Lars Aagaard stated in a release accessed by Mining Weekly.
    Meanwhile, filtration company Donaldson is partnering Daimler Truck North America in the SuperTruck III hydrogen fuel cell project to highlight its advanced air filter technology in the next-generation vehicle.
    As of February, China's green hydrogen and green ammonia projects have hit the 764 mark, with some projects having already moved to the electrolyser procurement stage, Green Power VP Yong Ye reported on LinkedIn.
    Of projects detailed, two have capacities of 100 000 t a day, one with more than 90 000 t/d and five with above 20 000 t/y, against the backdrop of global climate change challenges, energy supply concerns and resource constraints being considerably pressing.
    4 min
  • Could BRICS play a new-era role in aiding Africa's strong beneficiation aspirations?
    This audio is brought to you by Astec Industries, a Global Leader in manufacturing equipment for infrastructure, including asphalt production, construction, and material processing, driving innovation and sustainability.
    Collectively, Africa's critical mineral resources are attractively expansive. Could BRICS potentially become a widespread new-era platform for distinctive mining and metals collaboration and cooperation, as some are suggesting?
    At last week's Investing in African Mining Indaba in Cape Town, the need for well-endowed Africa to add value to its minerals in Africa for Africa was declared a must.
    The ten BRICS countries now comprise more than a quarter of the global economy and almost half of the world's population and BRICS-related thoughts are already beginning to emerge from the private sector.
    Prisma Training Solutions MD Jacques Farmer opined on Monday, February 10, that South Africa's membership in the BRICS economic bloc offers "a unique platform" to capitalise on this country's mineral endowment.
    In addition to the abundance of mineral resources positioning South Africa strategically, Farmer's view is that South Africa's contribution to BRICS should not be limited to resource extraction alone.
    "South Africa has a long and distinguished history in mining, amassing a wealth of expertise in areas like mine management, geology, and safety protocols. This knowledge and experience can be invaluable for developing the mining sectors of other BRICS nations," Farmer adds in his opinion release to Mining Weekly.
    'C' IN BRICS PRESENTS PROFOUND POSSIBILITIES
    China dominates much of the world's mineral processing and related supply chains, as Andaman Partners CEO Kobus van der Wath pointed out in Mining Weekly on January 31.
    The processing of rare earths, graphite, cobalt, lithium and manganese takes place overwhelmingly in China, which is developing closer relations with BRICS, reported Van der Wath, who, at last week's Mining Indaba, also highlighted his company's role as a driver of cross-border trade in the African mining industry.
    Within BRICS is considerable expertise. For example, South Africa, the 'S' in the acronym, is punching way above its head in the field of battery-grade manganese.
    Moreover, South Africa poised to return to producing ferromanganese, where, not that long ago, it was globally dominant.
    Very impressively, the world's purest manganese metal is being beneficiated into battery-grade manganese at the lowest incentive price of any of the new, non-Chinese high-purity manganese sulphate monohydrate suppliers, or future suppliers, the Mintek@90 conference heard in November.
    South Africa makes money at $2 500/t on the high-purity manganese sulphate monohydrate it produces in this way, whereas the feasibility studies of the other new, non-Chinese suppliers, or future hopefuls, are calling for far higher $3 500/t to $5 000/t price viability levels.
    Manganese fines and ultrafines, which are usually discarded on to a waste dump, are used by South Africa's Manganese Metal Company in Mpumalanga to make the world's purest 99.9%-pure manganese, with 20% to 30% of its current sales going into the battery sector.
    Major advances are also being made by South Africa in the recovery of critical rare earth elements from phosphogypsum.
    So, BRICS members are not only active in the mining of raw ores, but also advanced in adding value to those ores, which is just what we Africans need to expand as part of the new era confronting us as a result of disrupted global economics and politics.
    On the ferromanganese front, steps are being taken by Menar to restart Metalloys in Meyerton, Gauteng,under the new name of Khwelamet.
    MINING INDUSTRY ASSOCIATION IN PLACE
    Already established is the Mining Industry Association of Southern Africa (MIASA), whose members include the Chamber of Mines of Democratic Republic of Congo and Minerals Council South Africa
    Just within MIASA alone, several more African countries could be added.
    ...
    5 min
  • Surprise turn as Gold Fields' permanent financial task now falls to interim CFO Dall
    This audio is brought to you by Astec Industries, a Global Leader in manufacturing equipment for infrastructure, including asphalt production, construction, and material processing, driving innovation and sustainability.
    Phillip Anthony Murnane will no longer be the new CFO of Gold Fields, as was announced on the JSE Stock Exchange News Service (SENS) in August last year.
    Instead, as from March 1, that role will be filled by Alex Dall, who has been interim CFO since the retirement of long-serving Paul Schmidt in April last year.
    Murnane's expected early 2025 commencement will now, for personal reasons, not take place, it was confirmed in a Friday, February 7, SENS, in which Dall was announced as the permanent CFO and executive director from the start of next month.
    Interestingly, as interim CFO, Dall delivered the financial results for the six months to June 30, secured debt financing for the acquisition of Osisko Mining and led the finance function transition as part of Gold Fields' 2024 organisational restructure.
    Osisko is a mineral exploration company focused on the acquisition, exploration, and development of gold resource properties in Canada.
    Dall was described in the SENS announcement as having been pivotal in structuring, negotiating, and executing group funding strategies, providing strategic oversight on merger-and-acquisition transactions, and driving corporate financial, tax and capital efficiency initiatives.
    Prior to Gold Fields, Dall worked at major accounting firm KPMG, where he completed his articles in the energy and natural resources department.
    "The leadership he has shown while in the interim CFO role and the strong contributions he has made as a member of our executive committee during this time, give me confidence that he will be invaluable as we continue to improve our safety, operational and financial performance, strengthen our financial position and grow the company," Gold Fields CEO Mike Fraser commented.
    Gold Fields chairperson Yunus Suleman highlighted Dall's "deep understanding of the Gold Fields business and solid financial and strategic proficiency".
    Mining Weekly can report that Gold Fields will announce its results for the 12 months ended December 31 on SENS and on the company's website, www.goldfields.com, at 07:05 on Thursday, February 20, and is also hosting a media round table via conference call at 10:00 to discuss the results and answer questions.
    South Africa-rooted but globally expansive Gold Fields has nine operating mines in Australia, Ghana, Chile, and Peru, along with the long-life South Deep gold mine, near Carletonville, on Johannesburg's Far West Rand.
    Gold Fields' total attributable gold-equivalent production of 2.3-million ounces a year are underpinned by proved and probable gold mineral reserves of 46.1-million ounces.
    In addition to the JSE listing, the company's American depositary shares also trade on the New York Exchange.
    3 min
  • Coal, uranium both critical minerals in SA – Mantashe
    This audio is brought to you by Astec Industries, a Global Leader in manufacturing equipment for infrastructure, including asphalt production, construction, and material processing, driving innovation and sustainability.
    South Africa's definition of critical minerals is not limited to those minerals used in the green economy and includes coal and uranium, says Mineral and Petroleum Resources Minister Gwede Mantashe.
    Speaking at the Investing in African Mining Indaba in Cape Town this week, he noted that any limitation would mean that South Africa would be using "the standards set by others".
    "It is about what is critical to us."
    He added that each country around the world had their own definition of critical minerals, with that definition sometimes linked to what they needed but did not have available readily.
    Mantashe said coal was vital for South Africa in terms of the sector's high employment numbers and its use in electricity generation, with uranium an essential component of nuclear power generation.
    At a later media briefing, Minerals Council South Africa CEO Mzila Mthenjane concurred with the fact that coal was indeed a critical mineral for South Africa when considering that it was used to produce 90% of the country's electricity.
    "What is critical for country X, is not necessarily critical for country Y," noted Council chief economist Hugo Pienaar.
    He said that South Africa would probably need two lists of critical minerals, with one focused on current needs and one on future needs - "some 15 years from now" - with coal "tops" in the list of current needs, but perhaps moving down the rankings in the future list.
    Sharing a stage with Mantashe on the topic of critical minerals, Manganese Metal Company executive chairperson Bernard Swanepoel highlighted that it was "problematic to try and have the world's longest list of critical minerals".
    He said there were only two minerals in which South Africa was truly competitive - platinum group metals and manganese.
    "We should passionately defend our platinum industry. If we do not do that, we run the risk of it becoming another gold story."
    Also on stage was Mintek CEO Dr Molefi Motuku. He outlined the progress made by the task team developing South Africa's critical minerals and metals strategy.
    He said the draft strategy document had been completed, and that it was now the subject of an "interdepartmental consultative process".
    The most difficult part was developing an implementation plan.
    "We are working on that."
    Motuku also noted that there was no universal consensus on criticality.
    "It is country-specific; it is region-specific; it is context-specific."
    3 min
  • Return of ferromanganese is this year’s focus, Menar emhasises at Mining Indaba
    This audio is brought to you by Astec Industries, a Global Leader in manufacturing equipment for infrastructure, including asphalt production, construction, and material processing, driving innovation and sustainability.
    Helping South Africa to return to being a producer of ferromanganese will be a major 2025 focus of mining company Menar, its MD Vuslat Bayoglu emphasised on Wednesday.
    In an interview on day-three of the Investing in African Mining Indaba 2025, Bayoglu spoke of being "very excited" about the prospect of his company being part of South Africa's mining-linked re-industrialisation, through the revival of an asset that was once the world's biggest ferromanganese producer. (Also watch attached Creamer Media video.)
    Last year, Menar consummated a transaction with Samancor involving the acquisition of the South32/Anglo Joint Venture (JV) Metalloys ferromanganese asset in Meyerton, Gauteng.
    "I have to give the credit to the South32/Anglo JV, which kept the asset in pristine condition," Bayoglu noted.
    "There's a 50 MW gas fired power station, which we could start running in a very short period if we had gas."
    Ahead of being placed on care maintenance in 2020, Metalloys was the world's largest ferromanganese producer and steps are now being taken restart it under the new name of Khwelamet.
    "The idea is to prepare Khwelamet to be ready to be restarted, so this is going to be one of our important focuses this year," Bayoglu enthused.
    Menar's revival plans are taking place amid South Africa being the world's largest producer of manganese ore.
    The property's large slag dump from which ferroalloys can be recovered is also of considerable value.
    Interestingly, two of the smelter's four furnaces are only ten years old.
    While talking to Eskom about power considerations for the restart of these furnaces, Menar is also studying options outside of electric arc furnace technology.
    Also under scrutiny is the blast furnace route amid discussions with providers of technology that slash two-thirds off the electricity required for existing smelting.
    Entry into the battery grade manganese metal field through an unidentified "old" asset is also being contemplated.
    On the Mining Indaba itself, Bayoglu said of the event, now in its 31st year: "It's very exciting to be here. It's great to see the enthusiasm."
    ANTHRACITE AND STEAM COAL
    Regarding anthracite, Menar is planning to finalise the licensing of the Riversdale and Fuleni projects in KwaZulu-Natal, which are both viewed as being quality assets that have the potential to employ many people.
    On the steam coal side, both Bekezela, near Springs and Thuso, near Bethal, are licensed, with Bekezela set to be a flagship operation with an output of 7.2-million run-of-mine tons a year.
    In planning to move the coal by rail, Menar would like to create its own rolling stock capacity as part of the new TRIM applications being accepted by Transnet.
    "The other thing very critical for us is to look at the kind of JVs that we can create in South Africa with emerging South African companies.
    "We're targeting different commodities. We're a very firm believer in investing in South Africa. Yes, we've got challenges with Eskom and Transnet, but I think current administrations of Trasnet and Eskom are addressing those."
    Mining Weekly: How prepared do you think South Africa is to seize opportunities in the critical mineral space?
    I think every mineral is critical in our lives. If you look at what is produced by South African miners in South Africa, chrome is a critical mineral. Manganese is a critical mineral. Platinum group metals are critical minerals. Iron-ore is critical. Coal is critical because it's got applications that are very critical for us. If you don't have manganese, or if you don't have chrome, you can't make steel and stainless steel. To stop the pollution from vehicle exhausts, you need PGMs, which are critical for our economy.
    The current Eskom administration has stabilised the business an...
    4 min
  • Govt should not bully miners into beneficiation; IDC must step up – Swanepoel
    This audio is brought to you by Astec Industries, a Global Leader in manufacturing equipment for infrastructure, including asphalt production, construction, and material processing, driving innovation and sustainability.
    Beneficiation is not the responsibility of mining companies, says Manganese Metal Company (MMC) executive chairperson Bernard Swanepoel.
    "Speaking as the last standing manganese beneficiation business in the country, what we do wrong in our country is that we expect mining companies to go where they don't belong.
    "Our business…is an industrial-scale pharmaceutical plant. Don't bring miners there. It is completely different to mining."
    Speaking at the Investing in African Mining Indaba 2025 held in Cape Town this week, Swanepoel noted that MMC produced 2% to 3% of the world's pure electrolytic manganese, and China 97%.
    "China does not mine manganese. China beneficiates manganese. We come to beneficiation from the wrong angle.
    "We are trying to force miners into a business where they have been, and left.
    "Our country needs beneficiation, but it cannot come from bullying our miners into that space. We'll misallocate capital; we'll make mistakes. We'll shut it down the first time the commodity cycle goes through a slump."
    IDC Must Step Up
    When asked what government could do to intervene, Swanepoel said it was time for the Industrial Development Corporation (IDC) to do what it was created to do.
    "It must fund the industrialisation of South Africa, and stop messing about with everything else.
    "My business was funded by the IDC 50 years ago. Now we have been talking to them for three years about a little expansion project - we've given up on them.
    "The State's capacity must be directed towards the State's objectives - unashamedly."
    Swanepoel added that skills were not a problem in South Africa.
    "Outside China, South Africa happens to have the experts in manganese beneficiation. Most of them are part of the company I chair.
    "We actually just need to start to do things. We must get off our backsides and actually start to do things in this country."
    Junior Miner Challenge
    Minerals Council South Africa CEO Mzila Mthenjane added his voice in calling government to action.
    "To paraphrase…We must not ask what the mining industry can do for you, but what you can do for the growth of the mining industry.
    "Some of the basics…it's about speed. How quickly can juniors embark on exploration.
    "We spend a lot of time navigating the legislative environment, which is hugely frustrating."
    Mthenjane said everyone could "speak ad nauseam" about 'communities' and 'women' and 'youth'. However, all these parties were frustrated with the current situation.
    "My message is - let's focus on the basics.
    "When somebody applies for prospecting rights, it must happen quickly. All departments must work together towards issuing that prospecting right quickly, and make sure that that prospecting takes place without interruption and unnecessary disruption, in order to proof up an orebody that can be mined. And that's where the benefits will come through."
    3 min
  • Promising renewable diesel pilot production plan announced by powerful partnership
    This audio is brought to you by Astec Industries, a Global Leader in manufacturing equipment for infrastructure, including asphalt production, construction, and material processing, driving innovation and sustainability.
    The launch of a pilot initiative to produce feedstock for renewable diesel in South Africa was announced on day two of the Investing in African Mining Indaba taking place in Cape Town.
    The launch, which has far-reaching promise owing to the high status of the participants, has taken the form of a joint development agreement, which was entered into on Tuesday, February 4.
    The corporations involved are:
    South Africa's long-standing hydrocarbons-based synthetic fuels producer Sasol;
    the London- and Johannesburg-listed Anglo American; and
    the iconic Anglo group diamond pioneer De Beers.
    This timely and far-reaching pact has in its sights the establishment of a competitive climate-friendly South African renewable fuels value chain of considerable substance.
    Being assessed is the technical and commercial viability of renewable diesel feedstock production at scale, with solaris and moringa plantations generating vegetable oil.
    This is taking place amid Sasol's existing assets being able to process a variety of feedstocks.
    Importantly, this is enabling the partnership to produce vegetable oil-based renewable diesel quicker than greenfield projects and at lower costs.
    Renewable diesel is transformative in that it meets the technical standards of conventional diesel while significantly reducing greenhouse-gas (GHG) emissions.
    "Our customers can use it as a 'drop-in' fuel in their existing equipment and machinery to meet their GHG reduction commitments," Sasol business building, strategy and technology executive VP Dr Sarushen Pillay outlined at the signing ceremony covered by Mining Weekly.
    Partnering with Anglo, Sasol is investigating the development of a local and cost-effective supply chain for sustainable feedstock, utilising vegetable oil to produce renewable diesel in its facilities, as the partnership innovates for a greener future.
    "As we innovate for a better world, Sasol's ambition is clear - to help our customers navigate the energy transition while delivering high-quality, sustainable solutions for a low-carbon future," Pillay added.
    Anglo projects and development director Alison Atkinson highlighted the strengthening role that renewable diesel will play in the group's commitment to reducing scope 1, 2, and 3 GHG emissions by 2040.
    "It's an innovation that contributes to our sustainability journey as a business and our quest to maintain a healthy environment by creating carbon neutral operations," Atkinson explained.
    The initiative is said to align with De Beers' Origins sustainable practices and innovation strategy while also aligning with the diamond company's aim of replacing fossil fuel, which is a critical element of the 2030 decarbonisation goals.
    "Prefeasibility studies have been approved, and renewable diesel production trials have been initiated within De Beers mining operations and host communities," Atkinson added.
    Although renewable diesel production in South Africa is not yet at a commercial scale, recent market engagements indicate that the country's renewable fuels market is promising, driven by end-customer demands and their decarbonisation targets.
    Old mine sites will be repurposed for farming of the crops required for renewable diesel.
    As stated by Anglo CEO Duncan Wanblad on Monday, Anglo is intent on continuing to leverage its global status in mining, processing, and sustainability to support inclusive South African economic growth more broadly.
    "South Africa will continue as our platform to drive our strategic agenda across Southern Africa, where we believe we have a rare set of capabilities to bring to bear for the right opportunities. South Africa's success is deeply intertwined with our own," Wanblad added.
    The often-repeated need for bold partnerships to strengthen the South Afric...
    4 min

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