Metso launches Concorde Cell flotation technology in Africa

Process and optimisation technology company Metso has launched the first of its Concorde Cell high-intensity pneumatic flotation units in Africa through local manufacturing partner Betterect, which... 

70 out of 72 municipalities approved for Eskom debt relief

Out of 72 municipality applications for State-owned Eskom debt relief, 70 have been approved, Finance Minister Enoch Godongwana revealed in his 2024 Budget on February 21. The 72 applicants... 

Kilimapesa restart on track following mill relining in January

Progress at the Kilimapesa mine, in Kenya, is on track since the relining of the mill in January and the restart of production, London-listed Caracal Gold CEO Robbie McCrae has said. “We look... 

Tirupati to remain listed, shuffles board

Following recent speculation among investors, London-listed Tirupati Graphite has confirmed that there are no plans to take the company private, emphasising that the board remains confident that... 

Exxaro warns of lower earnings on the back of decrease in export prices, weaker rand

Diversified resources company Exxaro Resources has warned shareholders that it is likely to report a 16% to 30% year-on-year decrease in headline earnings per share (HEPS) for the year ended... 

Red Rock execs will have to personally visit DRC to resolve $10m claim

Aim-listed Red Rock Resources has noted that its senior management will have to personally travel to the Democratic Republic of Congo (DRC) to resolve a $10-million claim the company has instituted... 

M&R gets back on track with narrowed losses, lower debt

JSE-listed Murray & Roberts (M&R) has reported a significant year-on-year reduction in its attributable loss for the six months ended December 31, 2023, signalling a positive turn in its financial... 

Kavango reveals promising resource estimates at Zimbabwe project

Southern Africa-focussed metals explorer Kavango Resources has received a maiden resource estimate for the two largest tailings dumps at the Nara gold project, in Zimbabwe, revealing an indicated... 

Firestone puts 215 ct diamond up for sale

UK-registered diamond mining company Firestone Diamonds has put a 215 ct natural diamond recovered at its Liqhobong diamond mine, in the highlands of Lesotho, up for sale.  The diamond represents a... 

Tsodilo withdraws contempt motion as Botswana Minister complies

Canadian mineral resources exploration and development company Tsodilo Resources has withdrawn its contempt motion, which sought to hold Botswana Minerals and Energy Minister Lefoko Moagi to... 

Lotus Resources to join the ASX 300 index

ASX- and OTCQB-listed Lotus Resources will join the S&P/ASX 300 index on March 18, following the index’s March quarterly review. Lotus owns an 85% interest in the Kayelekera uranium project, in... 

Madison encouraged by high-grade uranium assays at its Khan project

The latest assay results from uranium exploration and development company Madison Metals’ recent surface trench sampling programme at its Khan project, in Namibia, have returned an average grade of... 

Long lead item orders placed, site preparation works well under way at Longonjo

Preparatory works are forging ahead smoothly at rare earths mining company Pensana’s Longonjo project in Angola, with main construction expected to start in May and cold commissioning to follow in... 

Lender due diligence for Madaouela uranium project under way

TSX- and OTQCB-listed GoviEx Uranium has announced that lender due diligence for the Madaouela uranium project, in Niger, has begun, with the appointment of consulting firm SLR Consulting acting on... 

UK Hydrogen Week highlights green hydrogen investments

Following its inauguration last year, UK Hydrogen Week is taking place once again, from February 26 to March 3. The World Platinum investment Council says more than 6 300 individuals and 110... 

Goldstone’s ride could be over unless funding can be found

Aim-listed Goldstone is still trying to raise additional funds to provide working capital for its operational development and to settle various balances owed to outstanding creditors. In the event... 

Diamcor reports a $1m loss for the third quarter

Junior diamond mining company Diamcor Mining has reported a net loss of about $1-million, or about $0.01 a share, for the quarter ended December 31, 2023. This compares with a net loss of $386 619... 

Bambili close to finishing feasibility study on hydrogen fuel cell power system for Anglo’s head office

Diversified mining major Anglo American has selected hydrogen energy solutions company Bambili Energy to deploy a 2 MW hydrogen fuel cell power system lighthouse project to provide electricity at... 

South Africa looks to Japanese collaboration on green hydrogen development

The Japan External Trade Organisation (Jetro) this week hosted key South African private and public sector delegates and a high-profile Japanese business delegation at a green hydrogen seminar, in... 

DBSA’s new Project Vumela financing instrument to help municipalities fund bulk infrastructure investment

Development finance institution the Development Bank of Southern Africa (DBSA) has introduced a new financing instrument called Project Vumela, which blends municipal revenue sources with financing... 

Infrastructure finance, implementation support agency for PPPs in the offing

The National Treasury has revealed the planned establishment of an infrastructure finance and implementation support agency during the 2024/25 fiscal year to coordinate the planning and preparation... 

Akobo finalises debt restructuring agreement

Scandinavia-based gold exploration and mining company Akobo Minerals, which has operations in Ethiopia, has finalised an agreement regarding completion of its debt restructuring. This follows the... 

Tertiary signs JV agreement to form new Zambian copper exploration company

Aim-listed Tertiary Minerals has signed a new joint venture (JV) agreement with local partner Mwashia Resources that will consolidate ownership of the Jacks, Mukai and Mushima North copper... 

Disappointing results from world’s top miners highlight market challenges, Tickmill says

The underwhelming results from two of the largest global multinational mining and commodity companies Anglo American and Glencore, which both released their 2023 financial and preliminary results... 

Base says Kwale on track to achieve production guidance

African mineral sands producer and developer Base Resources has reported that its Kwale operation, in Kenya, continued to perform to plan and remains on track to achieve production guidance for the... 

Sibanye reports 55.1% increase in lithium carbonate equivalent resources

JSE- and NYSE-listed Sibanye-Stillwater has reported a 55.1% increase in attributable lithium mineral resources as at the end of last year, along with a general expansion and diversification of its... 

Transnet problems force Kumba to moderate output

Anglo American subsidiary Kumba Iron Ore CE Mpumi Zikalala has reiterated that State-owned Transnet’s rail performance challenges have placed so much pressure on Kumba’s value chain that the... 

Kamoa-Kakula, Trafigura become first Lobito railway corridor customers

The Kamoa-Kakula Copper Complex, in the Democratic Republic of Congo (DRC), and commodities trader Trafigura have both signed a term sheet outlining the key terms for a reserve capacity agreement... 

Anglo achieves its best ever safety record, but reiterates commitment to zero harm

Mining major Anglo American has achieved its lowest ever total recordable injury frequency rate of 1.78 in 2023, down from 2.19 in 2022, along with the company’s lowest ever monthly rate of 0.91 in... 

Anglo to focus on cost cutting following disappointing 2023 performance

Mining major Anglo American chairperson Stuart Chambers and CEO Duncan Wanblad have both expressed disappointment with the company’s financial results for 2023, which were released on February 22.... 

Integration of Vale’s Serpentina resource has potential to expand Anglo’s Minas-Rio output

Diversified miner Anglo American has agreed to acquire, from Brazilian iron-ore miner Vale, the high-quality Serra da Serpentina iron-ore resource and integrate it into its contiguous Minas-Rio... 

Mining tax revenue down by 50.4% y/y

With various commodity prices taking a nosedive over the past year, windfall tax gains from high commodity prices over the preceding two years have come to an end, resulting in a sharp fall in... 

Criminal Asset Recovery Fund, not fiscus, to fund SANDF’s war on illegal mining

The Portfolio Committee on Defence and Military Veterans has claimed that the deployment of the South African National Defence Force (SANDF) in support of the South African Police Service to... 

Amplats restructuring may impact 3 700 jobs after 71% y/y earnings decline

Despite the “extensive measures” already taken by platinum group metals (PGMs) miner Anglo American Platinum (Amplats) to ensure its survival, the company has announced a proposed restructuring... 

Petra sold $47.8m worth of diamonds in fourth tender

Diamond producer Petra Diamonds sold 428 900 ct for $47.8-million during its fourth tender cycle of the 2024 financial year. This represents a 4% increase in like-for-like prices compared with the... 

Can SA mining prevent more hostage dramas in 2024?

Since October of last year, several unlawful underground protests have raised serious concerns about the potential emergence of a new trend in which frustrated underground mineworkers turn to... 

Metals and engineering employers, trade unions sign landmark relationship agreement

Employers and trade unions who attended a Metal and Engineering Industries Bargaining Council (MEIBC) meeting on January 31 have signed a landmark process or relationship agreement, paving the way... 

Can SA mining prevent more hostage dramas in 2024?

Since October of last year, several unlawful underground protests have raised serious concerns about the potential emergence of a new trend in which frustrated underground mineworkers turn to... 

DRDGOLD reports near R1bn operating profit despite 7% production dropoff

Despite its gold production for the six months to December 31, 2023, having decreased by 7%, owing to a 13% drop in throughput, DRDGOLD managed to return an operating profit of R909.3-million, with... 

DRDGOLD says dust control measures seem to be working

JSE-listed DRDGOLD has reported that only 0.6% out of 632 dust monitoring sites registered an exceedance in terms of the stipulated regulatory thresholds across its operations. “Because our...