Modern Mining September 2024

MINING NEWS

President signs Procurement Bill into Law President Cyril Ramaphosa signed the much-anticipated Procurement Bill into law, ushering in a new era of efficiency, economic transformation, and support for local production and services. The new Procurement Bill is a comprehensive framework designed to streamline procurement processes, making the procurement and supply chain environment more transparent, efficient, transformative, developmental and accountable. By introducing standardised procedures and stringent oversight mechanisms, the law aims to minimise bureaucratic delays and reduce opportunities for corruption. Supply chain professionals will benefit from clearer guidelines and faster decision-making processes, enabling them to focus on strategic planning and execution. One of the core objectives of the Procurement Bill is to drive economic transformation. The law mandates that a significant portion of government

procurement contracts be awarded to historically disadvantaged individuals and small, medium, and micro enterprises (SMMEs). This inclusive approach is expected to level the playing field, providing equal opportunities for all businesses to compete and thrive. 

Supply chain professionals will benefit from clearer guidelines.

Akobo Minerals commissions Segele gold processing plant

De Beers Sky Park Building.

De Beers Group’s sorting building in JHB awarded prestigious green rating De Beers Group’s new rough diamond sorting, valuation, and sales building, Sky Park, located in Johannesburg, has received the prestigious 5-star interior green rating and two 4-star green building ratings from the Green Building Council of South Africa (GBCSA). The accolades were awarded for the innovative and sustainable design elements proposed and approved by the GBCSA, as well as the ‘As-Build’ rating that evaluates the use of green and sustainable materials during the construction phase. The comprehensive waste, water, and power management strategies implemented during construction were also recognised as part of these awards. The 5-star interior green rating reflects the sustainable choices made for the building’s interiors, including the selection of eco-friendly materials for furniture and furnishings, advanced water consumption systems, and the integration of internal gardens. The assessment also considered the building’s energy efficiency, highlighted by the installation of a solar plant and comprehensive water management systems. 

Akobo Minerals commissions Segele gold processing plant.

Akobo Minerals, a gold exploration company, has announced that the Segele processing plant is now operational. This milestone represents a significant advancement for the company’s operations in Ethiopia. The commissioning process has successfully activated the majority of the Segele plant, allowing Akobo Minerals to process a substantial amount of ore efficiently and safely. The first phase of commissioning was completed, with Gekko Systems and Solo Resources overseeing the setup of the milling, grinding, Falcon concentrator, InLine Leach Reactor, and furnace in the gold room. The company anticipates an extraction efficiency of 76% from the concentrator and ILR system. Jørgen Evjen, CEO of Akobo Minerals, remarked, “This is a great achievement for our team and a testament to the quality and build of the processing plant. We have received solid feedback and are proud of the strong work from our team. We look forward to processing our first ore and moving forward with the project.” The plant is designed with the capability to produce 4 000 ounces of gold per month, with an expected recovery rate of 96%. 

SEPTEMBER 2024 | www.modernminingmagazine.co.za  MODERN MINING  3