Latest news with #R67
IOL News
a day ago
- Business
- IOL News
Orion Minerals accelerates funding as it aims for copper production by 2026
The Prieska Copper Zinc Mine (PCZM) is the centrepiece of Orion's future-facing metals portfolio. Orion's latest capital raise comprised of a placement of 289 million shares and an agreement to convert outstanding loan amounts to equity through the issue of 233 million shares for R67 million. Image: Supplied Tawanda Karombo Northern Cape base metals developer, Orion Minerals, is now focused on project financing and concentrate offtake agreements following share placement and share purchase schemes this month as the company further develops its copper projects. Orion's latest capital raise comprised of a placement of 289 million shares and an agreement to convert outstanding loan amounts to equity through the issue of 233 million shares for R67 million. Additionally, the copper mine is undertaking a share purchase plan 'to be offered to provide eligible shareholders with the opportunity to subscribe for as much as R355 000 in in new shares' to raise A$4 million. The share purchase plan opened this month and will close next week. Funds raised from the share placement and share purchase plan 'will be used principally to partially fund the development' of Orion's Prieska Copper Zinc Mine. This includes ongoing dewatering and site works for mine development optimisation studies and for general working capital purposes. After completion of these capital raise exercises, Orion is shifting focus over the next few months to finalising project financing. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. 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Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ 'Key focus areas for the coming months: Our immediate priority is to finalise project financing and a concentrate offtake agreement for the Uppers. In parallel, work on project execution will gain momentum in the September 2025 quarter,' said Orion on Wednesday. Tony Lennox, the company's CEO said the company was keen to move into 'a project execution phase,' specifically at the Prieska Copper Zinc Mine. 'Our pre-eminent agenda is achieving first concentrate production from Phase 1 (Uppers) at PCZM and dewatering the mine and completing other early works to prepare for development of Phase 2 (Deeps). Our goal is to have first concentrate production from the Uppers by Christmas 2026,' said Lennox. The company was also concurrently viewing the definitive feasibility study for its Flat Mines project as a baseline that requires further optimisation over the coming months. 'In my first three months as CEO at Orion, I have been impressed by the upside potential at both PCZM and Okiep, and within Orion's regional portfolio. A review of near-term and medium-term exploration upside for both PCZM and OCP is underway,' explained Lennox. After the release of a definitive feasibility study for Prieska Copper Zinc Mine and the Okiep Copper Project Flat Mines Project in March, Orion has been concentrating on developing a project development and execution strategy as well as sourcing the required funding to enable the development of the projects over the quarter period to the end of June. Orion intends to get the Uppers project of the Prieska Copper Zink Mine into production speedily, transitioning Orion into a producing mining company. Subsequently, the first bulk concentrate from the Uppers is planned to be 13 months after finalising funding, with Deeps concentrate expected 29 months later. Funding discussions with the Industrial Development Corporation were ongoing, with processes underway to select service providers for the provision of renewable energy in the form of solar PV and battery-energy-storage. BUSINESS REPORT
The Star
3 days ago
- Business
- The Star
Chefs with Compassion breaks record with 142 462 litres of soup for Mandela Day
In a powerful display of national compassion, Chefs with Compassion has smashed all previous records in its sixth annual Mandela Day initiative, cooking a staggering 142 462 litres of soup, enough to feed 609 848 people across South Africa. The 2025 edition of the #67000litres for Mandela Day campaign brought together culinary schools, community kitchens, corporates, chefs, and volunteers to transform surplus food into nourishment for people in need. 'This year's success has been phenomenal,' said Chef Coo Pillay, founding director of Chefs with Compassion and president of SA Chefs. 'We exceeded last year's total by almost 40 000 litres. A standout contributor was the Tsebo Group, whose nationwide involvement added over 24 000 litres to our total. Their commitment shows what's possible when an organisation truly embraces compassion.' Chefs with Compassion's 32 active hubs – community kitchens that cook with compassion year-round – contributed more than 80 000 litres, testament to their growing strength and preparedness. These unsung heroes, who serve their communities daily, were the backbone of this record-breaking effort. 'Chefs with Compassion is rooted in food rescue,' said Hanneke van Linge, founding director of CWC and founder of Nosh Food Rescue. 'Mandela Day is our most visible moment, but for the people in our network, this work never stops. Feeding over 600 000 people with food that would otherwise go to waste is not only possible, it's powerful. It's proof of what we can do when compassion drives collective action.' Corporate partners played a pivotal role, including: Tsebo Group (all kitchens countrywide, 24 000 litres) Marriott International (14 hotels) Bon Hotels, The Capital Hotel Group, Southern Sun, and Indaba Hotel Ster-Kinekor, who cooked alongside Chef Keegan Maistry at Guvon Academy Primedia Head Office and Primedia Broadcasting Essity, who cooked soup and donated sanitation supplies Premier, who donated 2 500 loaves of bread The Poultry Industry, led by Melinda Shaw via the Poultry Bulletin, which donated over 5 tonnes of chicken from Rainbow, Astral, and Country Bird Holdings, representing R67 000 worth of chicken from each of the three companies, as well as Nulaid, with a donation of 670 dozen eggs in Johannesburg and in Cape Town Turn & Slice, whose generous fresh produce donation helped stock kitchens across the country The Paul and Humile Mashatile Foundation, which contributed financially and cooked alongside Chef Moses Moloi Compass Insurance, who donated 1,000 blankets Rebel, who donated safety shoes for all 32 CWC hubs Chefs such as Moses Moloi, Napo Ramaili and Thabo Letsholo, who cooked alongside corporate sponsors
The South African
18-07-2025
- Business
- The South African
You can now buy a R67 smartphone in South Africa
Vodacom is marking Mandela Month with a bold move to close the digital divide, offering select prepaid customers with 2G handsets the chance to upgrade to a 4G Kicka 6 smartphone for only R67. According to Mybroadband , the initiative, currently available in select KwaZulu-Natal stores, will soon expand to Mpumalanga and Limpopo. It forms part of Vodacom's broader 2025 theme: 'It is in our hands to combat poverty and inequity.' Rishaad Tayob, Vodacom South Africa's Consumer Business Director, emphasised the impact of outdated technology, noting that millions of people still rely on 2G devices, which limit access to vital digital services. 'By offering affordable 4G smartphones, we are empowering people to participate fully in the digital economy,' he said. 'Following Madiba's legacy of 67 years of fighting for equality, we have the power to make a positive impact. Vodacom is proud to turn that belief into action in the communities we serve.' The Kicka 6 normally sells for R699, meaning eligible customers save a massive R632. On top of that, anyone who recharges with R29 or more will get a bonus 20GB Buy and Get data bundle, valued at R149. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
IOL News
17-07-2025
- General
- IOL News
Join the movement this Mandela Day: Pack food, change lives
FoodFoward SA volunteers producing food packages Image: Supplied IN ITS continuous bid to tackle hunger and support community-based feeding programs FoodFoward SA will step-up its commitments on Mandela Day (July 18). In keeping with Ideals that Mandela stood for and the impact he made, FoodForward SA has extended invites to individuals, corporates, and groups to transform compassion into tangible, life-changing impact at their Annual Food Packing Event on Friday. Across the major cities of Durban, Johannesburg, and Cape Town, volunteers will gather, united by a shared mission — to combat food insecurity in the country. Millions of South Africans live below the food poverty line, and face the harsh reality of hunger. This issue is not merely a statistic; it is a silent crisis that erodes the fabric of communities, which resonated with FoodForward SA. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading For over a decade, FoodForward SA has made endeavours to recover quality, edible surplus food from the supply chain and redirect it to those who need it most. This Mandela Day, they encourage participants to contribute their 67 minutes – a brief commitment of time – to make a meaningful difference, by packing essential food parcels alongside fellow changemakers, volunteers can play a pivotal role in filling plates and nourishing lives. The well-prepared prepared food parcels will be distributed through FoodForward SA's extensive network of 2,750 beneficiary organisations, reaching nearly 1 million people in need. The organisation has scheduled multiple sessions across three major cities where participants could get involved: Cape Town: Century City Conference Centre (Hall A, B, C) – Time Slots: 09:30; 11:30; 13:30 Century City Conference Centre (Hall A, B, C) – Time Slots: 09:30; 11:30; 13:30 Johannesburg: Expo Centre Johannesburg (Hall 10) – Time Slots: 09:30; 11:30; 13:30 Expo Centre Johannesburg (Hall 10) – Time Slots: 09:30; 11:30; 13:30 Durban: Durban ICC (Hall 2CDE) – Time Slots: 09:30; 11:30; 13:30 Tickets for attendance are available for only R67 at DAILY NEWS
The Citizen
16-07-2025
- General
- The Citizen
How you can spend your Mandela Day
How you can spend your Mandela Day WITH Mandela Day around the corner, several community groups and NPOs have planned their contribution to the global event, which came about to honour the life and legacy of global icon and former president of South Africa, Nelson Rolihlahla Mandela, annually on July 18. Also read: 15 ways to make a difference on Mandela Day Mandela Day serves as a call to action for individuals, communities, organisations and even businesses to take the time to reflect on Mandela's values and principles, and to bring about positive change and impact in their communities. Often, Mandela Day programmes, events or initiatives go on for 67 minutes, to signify the 67 years the former president dedicated to public service and activism. How you can spend Mandela Day: Cleaning up the Amanzimtoti Sports Centre In preparation for the Amanzimtoti Athletics Club's Cross Country League, Clean Surf Project (CSP) and Sapphire Coast Tourism will spend 67 minutes doing community work to ensure athletes enjoy a scenic, litter-free course. Romy Wenzel of the CSP invited the community to join the clean-up drive to help make the surrounding area cleaner and greener. It will take place from 09:00 until 11:00, and refuse bags will be supplied. Bring along gloves, shoes and water. For more information contact Romy Wenzel on 083 733 6468 or Warren Gibson on 082 713 0305. Fun, games and painting NPO welcomes the community to its centre in Ezimangweni for its exciting Mandela Day upliftment project. The projects for the day include: Feeding little ones with 300 scrumptious peanut butter and jam sandwiches. Engaging with the children in arts and crafts, reading and games. The painting of the NPO's container offices. Sponsors, including Anchor Yeast, Cedar Hill Church, Krupa Foundation and Friends of Usizo-Lomndeni, will participate and contribute, and the NPO hopes the surrounding community will come on board as well for a delightful Mandela Day. It will commence at 09:00 and conclude at around 12:00. Amanzimtoti SPCA – 'Walk the Dogs' volunteering On Mandela Day, SPCA Amanzimtoti invites volunteers to spend 67 minutes walking and caring for rescue dogs. Anyone can also choose to donate R67 or 67 items of food. Amanzimtoti SPCA said Nelson Mandela was known to be a champion of animal welfare and conservation, even serving as a patron for animal welfare organisations. He also had a strong connection with his dog, Gompo, a Rhodesian Ridgeback. Furthermore, his compassion extended to wildlife, as he was instrumental in facilitating animal migration routes in Africa. One can volunteer at SPCA Amanzimtoti all day in honour of Madiba's legacy. For more South Coast Sun news, follow us on Facebook, Twitter and Instagram. You can also check out our videos on our YouTube channel or follow us on TikTok. Subscribe to our free weekly newsletter and get news delivered straight to your inbox. Do you have more information pertaining to this story? Feel free to let us know by commenting on our Facebook page or you can contact our newsroom on 031 903 2341 and speak to a journalist. At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
