Transnet Freight Rail’s North Corridor achieves weekly record

Transnet Freight Rail’s (TFR’s) North Corridor accomplished the delivery of 1.41-million tonnes last week, marking the most substantial weekly performance in terms of volume for the current... 

Richards Bay Multipurpose Terminal takes delivery of cargo handling equipment

The Richards Bay Multipurpose Terminal (MPT) has taken delivery of new cargo handling equipment, aiding the loading of export coal, magnetite, chrome and pig iron aboard calling Cape-sized vessels.... 

Tharisa to undertake $5m share buyback programme

JSE- and LSE-listed platinum group metals (PGMs) and chrome miner Tharisa has appointed UK investment bank Peel Hunt to manage a $5-million share buyback programme on its behalf. The Tharisa board... 

Kefi progresses funding for Ethiopia project

Aim-listed Kefi Gold and Copper has achieved further positive developments at the its high-grade Tulu Kapi gold project in Ethiopia, as it prepares for full launch in the first half of this year.... 

Mkango raises £750 000 to advance rare earth magnet recycling, launches strategic review

Aim-listed Mkango Resources has conditionally raised gross proceeds of £750 000 via a direct company subscription from existing shareholders, including a £150 000 investment by CEO William Dawes.... 

Kenmare secures new $200m facility

London-listed Kenmare Resources, operator of the Moma titanium minerals mine, in northern Mozambique, has secured a funding package to refinance a maturing revolving credit facility (RCF) and a... 

Optimum coal to be exported from Richards Bay terminal from next month

Richards Bay Coal Terminal (RBCT), Liberty Coal/Liberty Coal Terminal and the business rescue practitioners (BRPs) of Optimum Coal Mine (OCM) and Optimum Coal Terminal (OCT) have reached an... 

Goldplat remains profitable despite South African headwinds

Aim-listed Goldplat, with gold recovery operations in South Africa and Ghana, continued to achieve profitable results for the six months ended December 31, 2023, despite some of the difficult... 

Botswana Diamonds achieves several positive developments in 2023

Diamond miner Botswana Diamonds chairperson John Teeling has outlined some positive developments achieved by the company during 2023, including that a gravity survey has discovered a high-grade... 

Mining sector meets target to reduce TB levels to below national average

The South African mining industry has made significant inroads into addressing tuberculosis (TB) since 2017 and has met its ten-year target to reduce the incidence rate among mineworkers to below... 

aXedras chosen as service provider for LBMA’s Gold Bar Integrity Database

Independent precious metals authority the London Bullion Market Association (LBMA) has appointed independent information technology provider aXedras as the official service provider for its newly... 

Leo Lithium continues to engage Malian govt on Goulamina project issues

ASX-listed Leo Lithium and GFL International (Ganfeng) continue to engage with the Mali government in an attempt to resolve current issues relating to the Goulamina lithium project in the country.... 

Tormin mine exploring alternative water arrangements following damage to dam

Management at the Tormin mineral sands mine in South Africa, held by ASX-listed Mineral Commodities’ 50%-owned subsidiary Mineral Sands Resources (MSR), have reported that there has been damage to... 

Quantum Battery signs letter of intent to acquire Copper Coffer property

Battery metals mining company Quantum Battery Metals has signed a nonbinding letter of intent (LoI) to acquire the Copper Coffer property, in Newfoundland, Canada. The LoI details the proposed... 

Centamin achieves 25% y/y increase in Ebitda

Established gold miner Centamin achieved a 25% year-on-year increase in adjusted earnings before interest, taxes, depreciation and amortisation to $398-million for the year ended December 31, 2023,... 

Perpetua to sell silver royalty for $8.5m

TSX-listed Perpetua Resources has entered into a royalty agreement with a wholly-owned subsidiary of Franco-Nevada pursuant to which Perpetua, through its subsidiaries, sold Franco-Nevada a royalty... 

Sibanye suspends production at shaft in Rustenburg following damage to infrastructure

JSE- and NYSE-listed Sibanye-Stillwater has suspended production from its Siphumelele shaft, in Rustenburg, South Africa, after some surface infrastructure suffered damage on February 29. An ore... 

Sovereign despatches 30 t of ore from Malawi project to South Africa for test work

Aim- and ASX-listed Sovereign Metals’ spiral drilling programme has extracted, despatched and delivered 30 t of ore from the Kasiya rutile/graphite project in Malawi to Paterson & Cooke (P&C), in... 

Minerals Council outlines work done to support mineworkers with occupational lung diseases

Industry organisation the Minerals Council South Africa has welcomed comments by Health Minister Dr Joe Phaahla in support of the continued collaboration between the council and the National... 

DMRE confirms acceptance of Marula's Blesberg mining right application

Mining and development company Marula Mining says the Department of Mineral Resources and Energy (DMRE) has confirmed acceptance of the company's mining right application for the Blesberg lithium... 

AngloGold swings to loss on lower gold sales, higher costs

Gold miner AngloGold Ashanti recorded a basic loss of $235-million or $0.56 a share, for the year ended December 31, 2023, compared with basic earnings of $233-million, or $0.55 a share, for the... 

Saturn Resources increases its offer for Shanta shares

Saturn Resources (Bidco) confirms that it has reached an agreement with the independent Shanta directors on the terms of a recommended increased and final cash offer by Bidco for the entire issued,... 

Sibanye-Stillwater completes acquisition of Reldan

Diversified miner Sibanye-Stillwater's acquisition of the Reldan Group of Companies has been successfully concluded for a final cash purchase consideration of $155.9-million. Sibanye in November... 

Retired Tiffany & Co exec appointed to Diamcor’s board

Recently retired Tiffany & Co executive D. Wayne Howard has joined the board of diamond mining company Diamcor Mining as an independent director. “I am very pleased to announce the addition of Mr.... 

Thungela delivers strong financial performance despite rail, price headwinds

Thermal coal exporter Thungela Resources says it delivered a resilient performance for the year ended December 31, 2023, which underpinned strong cash generation and a robust net cash position.... 

Critical Mineral Resources raises £250 000 to develop Moroccan permit

Exploration and development company  Critical Mineral Resources has conditionally raised about £250 000 through the placing of 12.2-million new ordinary shares in the company and 8.02-million... 

MC Mining achieves interim revenue growth despite challenging coal market

Coal miner MC Mining’s strong revenue growth through the six months ended December 31, 2023 were “very pleasing” considering the challenging coal market, MD and CEO Godfrey Gomwe avers. During the... 

Thungela launches fish breeding facility in wake of mine-affected water spill

Coal producer and exporter Thungela on February 23 launched a fish breeding facility at the Loskop Dam Nature Reserve, in Mpumalanga. The facility was pursued in congruence with efforts to restore... 

Resolute Mining maintains mineral resources owing to exploration success

ASX- and London-listed Resolute Mining has published its Annual Ore Reserve and Resource Statement as at December 31, 2023, which indicates that total mineral resources have been maintained at... 

Kavango to start earning revenue from Zimbabwe project

London-listed Kavango Resources has formed a new subsidiary in Zimbabwe, Kavango Mining, which will become its mining arm in the country. Moreover, the company has signed its first contract to... 

Mining-sector trade unions dismayed by retrenchments

Trade unions the Association of Mineworkers and Construction Union (AMCU) and the National Union of Mineworkers (NUM) have expressed their dissatisfaction with the plans announced by various mining... 

Mantengu to issues shares to settle R7.5m creditors balance

JSE-listed Mantengu Mining will issue 4.98-million shares to its creditors, to settle its R7.5-million creditor balance. This comes as certain parties to loan contracts, which the company... 

Ionic nearing first production in Uganda

ASX-listed Ionic Rare Earths has completed construction and commissioning of Phase 1 of the technical facility and demonstration plant at its Makuutu rare earths project, in Uganda. Makuutu is... 

Gold Fields completes divestment of interest in Ghana gold mine

Gold miner Gold Fields has concluded the sale of its 45% effective interest in the Asanko mine, in Ghana, to Galiano Gold for $170-million plus a 1% net smelter royalty (NSR) on future production... 

Kefi raises £495 916 as part of capital raise for Tulu Kapi

Aim-listed Kefi Gold and Copper, which owns projects in Ethiopia and Saudi Arabia, announces that a retail offer through PrimaryBid has been successfully completed, raising gross proceeds of about... 

Firering completes RC drilling campaign at Côte d’Ivoire project

Aim-listed Firering Strategic Minerals has completed a 3 000 m reverse circulation (RC) drilling campaign at Atex, its flagship lithium project, in Côte d’Ivoire. The campaign entailed the drilling... 

Merafe’s shares rise on higher earnings expectations

The share price of JSE-listed Merafe Resources increased by more than 15% on the morning of March 4, after the company informed shareholders that it was likely to report higher earnings for the... 

Tackling illegal mining key to sustainability of the mining industry

Illegal mining is one of the biggest constraints threatening the sustainability of the South African mining industry and, while this challenge is considerable, it is not insurmountable. There are... 

ARM warns of lower interim earnings on the back of lower prices

Diversified miner African Rainbow Minerals (ARM) says it expects its headline earnings for the six months ended December 31 to have decreased by between 40% and 50% year-on-year to between... 

FEED study confirms exceptionally good economics for Aura’s Mauritania project

ASX- and Aim-listed Aura Energy’s recently completed front end engineering design (FEED) study for the Tiris uranium project, in Mauritania, has confirmed “excellent” economic returns, the company...