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Top related persons:
Waldo Swiegers - 1 ” - 1 Tom Price - 1 michele spatari - 1 We’ve - 1 ” Emma Townshend - 1 ” Townshend - 1 Raj Ray - 1
Top related locs:
Sibanye Africa Johannesburg Stillwater South South Africa Marikana U.S
Top related orgs:
Bloomberg - 1 Liberum - 1 Agence France - 1 PGM - 1 Times - 1 Business - 1 BMO Capital Markets - 1 Metals - 1

Search resuls for: "Waldo Swiegers"


5 mentions found


☆ Low Platinum Prices Show How Banking on Miners Could Threaten the Energy Transition
  + stars: | 2023-11-15 | by ( Yusuf Khan | ) www.wsj.com   time to read: +5 min
Platinum is used to make the electrolyzers that produce hydrogen and the sharp down cycle in South Africa’s platinum mining sector demonstrates the risk that low prices and lack of investment could slow the energy transition. Prices for other commodities have also fallen, while miners have been complaining of rising costs and seem to be limiting their capital expenditures. Photo: michele spatari/Agence France-Presse/Getty ImagesFor the mining sector, cyclical returns are nothing new. Ray said many South African PGM miners are now selling their output at close to the cost of production, eating away at profitability. “To the extent that PGM prices stay at current levels, I would not be surprised to see more supply-side reaction,” Ray said.
Persons: Waldo Swiegers, ”, Tom Price, michele spatari, We’ve, ” Emma Townshend, ” Townshend, Raj Ray, Ray, ” Ray, ” Implats’s Townshend, Implats, Yusuf Khan Organizations: Bloomberg, Liberum, Agence France, PGM, Times, Business, BMO Capital Markets, Metals Locations: Sibanye, Africa, Johannesburg, Stillwater, South, South Africa, Marikana, U.S, China, Europe, Implats
☆ Goldman Prize winner 2023: Zambian who took on a UK mining giant and won
  + stars: | 2023-04-26 | by ( Nimi Princewill | ) edition.cnn.com   time to read: +9 min
Chilekwa Mumba Courtesy Goldman Environmental PrizeOn Monday, Mumba, 38, was awarded the 2023 Goldman Environmental Prize for Africa for his work for the community and setting legal precedent. The prize is awarded each year by The Goldman Environmental Foundation, with ceremonies in San Francisco and Washington, DC. CNN has contacted Vedanta and the Zambian state mining company for comments. The government, however, says that approved projects will follow environmental policies set by the Zambia Environmental Management Agency (ZEMA). For Mumba, who now runs an orphanage in the Zambian capital Lusaka with his wife, the battle is far from over.
☆ Top U.S., Chinese and Russian officials tour Africa as global charm offensive gathers pace
  + stars: | 2023-01-31 | by ( Elliot Smith | ) www.cnbc.com   time to read: +12 min
Janet Yellen, US Treasury secretary, during a news conference with Enoch Godongwana, South Africa's finance minister, at the National Treasury in Pretoria, South Africa, on Thursday, Jan. 26, 2023. Yellen met with South African officials including President Cyril Ramaphosa last week, just days after the country's Foreign Minister Naledi Pandor stood alongside Lavrov and vowed to strengthen bilateral relations between Pretoria and Moscow. South Africa was one of 17 African nations to abstain from the U.N. vote in March to condemn Russia's war of aggression. As such, many African nations desire a strong relationship with both the U.S. and China, and U.S. diplomacy will be more effective when not framed as an "us-or-them" proposition. What's more, the BRI projects were "largely uncoordinated and unplanned," he said, with competing Chinese lenders offering credit to African nations, challenging the notion of a coherent centralized "debt trap" policy from Beijing.
☆ South Africa energy blackouts: Ramaphosa skips Davos to tackle crisis
  + stars: | 2023-01-18 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +9 min
London CNN —South Africa’s President Cyril Ramaphosa was forced this week to cancel a trip to Davos by an escalating energy crisis that is inflicting rolling blackouts on the continent’s most developed economy. At peak times, demand in South Africa averages between 28,000 MW and 34,000 MW. Electricity theft, including by impoverished townships in South Africa, and non-payment by municipal customers have made matters worse. Despite an abundance of sunshine and wind, South Africa still derives about 80% of its electricity from coal. South Africa’s National Energy Crisis Committee, a body run out of Ramaphosa’s office, has proposed several measures to ease the crisis in the short term, including importing energy from neighboring countries and buying excess energy from private producers.
☆ ABB Nears Deal to Resolve Third U.S. Bribery Case Against Company
  + stars: | 2022-11-25 | by ( Dylan Tokar | ) www.wsj.com   time to read: +7 min
Photo: Waldo Swiegers/Bloomberg NewsIn the U.S., the ABB deal is an early test of a pledge by the Biden administration to take a tougher stance on corporate repeat offenders. An ABB spokesman said the company continues to fully cooperate with authorities and hopes to reach a final settlement soon. Exactly how U.S. authorities, including the Justice Department, will frame the ABB deal in relation to the new stance on repeat offenders remains to be seen. Allowing the ABB parent company to avoid a guilty plea will in theory help shield much of its business globally from those risks. The ABB deal would also mark the second time the Swiss company has settled FCPA offenses with a deferred-prosecution agreement.
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