Jabulani Selumane has been appointed as CEO of the Automotive Industry Transformation Fund (AITF). Selumane, a mechanical engineer by training, has more than ten years’ experience in the automotive industry. Prior to that he worked at Barloworld.
South African brewery company AB InBev on Monday announced details of its new black economic empowerment (BEE) scheme, where a new BEE ownership transaction will be implemented through a company called South African Breweries (SAB) Zenzele Kabili. The R5.4-billion SAB Zenzele Kabili transaction will be funded through a combination of R678-million equity contribution from existing SAB Zenzele shareholders, R600-million equity contribution from a new broad-based employee share ownership scheme, funded by SAB, as well as a R344-million reinvestment by the SAB Foundation.
While the energy transition is gaining a lot of traction, integrated primary vanadium producer Bushveld Minerals CEO Fortune Mojapelo laments that the battery storage narrative is “still dominated by electric vehicles (EVs)”. He tells Engineering News & Mining Weekly that there is still a lack of understanding surrounding the stationary energy opportunity, which he says “is going to be bigger” than the EV market opportunity.
The introduction of hydrogen fuel cell mining in response to climate change is poised to cut the greenhouse gas emissions of platinum group metals mining company Anglo American Platinum by 30%. A large enabler of this significant reduction is the introduction of hydrogen fuel cell mining trucks, outgoing CEO Chris Griffith said on Monday at the company’s presentation of superlative 2019 results. (Also watch attached Creamer Media video.)
Platinum group metals (PGMs) mining company Anglo American, which has reported record safety, record financials and the highest dividend in 15 years, has submitted an application to be allowed to self-generate 75 MW of solar power at its Mogalakwena mine where the world’s largest hydrogen fuel cell haul truck is being developed. Operationally, PGMs production was up 1% year-on-year to 4.4-million ounces, but with electricity load-shedding by Eskom leading to the loss of 38 000 oz of production.