Transnet says rail volumes recovered slightly in the last quarter of 2023

Transnet Freight Rail (TFR) says it experienced an improvement in rail volumes in the last quarter of the 2023 calendar year, as the implementation of Transnet’s recovery plan got under way. The... 

Regulator celebrates centenary of Dr Merensky’s discovery of PGM deposits in South Africa

State entity the South African Diamond and Precious Metals Regulator (SADPMR) will hold its South Africa Platinum Centenary Commemoration event in Cape Town, on February 4,  a day before the... 

Orion to benefit from fast-track strategy at Northern Cape project – analyst

ASX- and JSE-listed Orion Minerals has in place a company-making strategy of developing multiple metal producing hubs within South Africa’s Northern Cape, a richly endowed mineral province and a... 

Collaboration and grid investment key to making 2024 a turning point in SA’s power crisis

If South Africa’s energy investment programmes and reforms continue, the energy availability factor (EAF) for State-owned utility Eskom’s coal fleet does not decline, and business partnerships and... 

Bengwenyama scoping study shows attractive economics – Southern Palladium

A scoping study of JSE- and ASX-listed Southern Palladium’s 70%-owned Bengwenyama platinum group metals (PGMs) project on the eastern limb of the Bushveld Complex in South Africa shows “very... 

Lotus, A-Cap merger posited to provide uranium opportunities

ASX-listed Lotus Resources completed the implementation of the merger with A-Cap during the quarter ended December 31, which the company avers has created a “leading uranium player with significant... 

AVZ reports updated mineral resource at DRC project

ASX-listed AVZ Minerals has updated the mineral resource of its Manono lithium and tin project, in the Democratic Republic of Congo (DRC), after generating new results from the 2022 to 2023... 

Tshipi achieves record quarter production

Tshipi é Ntle Manganese Mining, in which ASX-listed Jupiter Mines has a 49.9% beneficial interest, achieved record production at the Tshipi manganese mine in the Kalahari manganese field for the... 

Geopolitical, economic uncertainty supported last year’s gold demand, price

Member organisation the World Gold Council’s (WGC) latest ‘Gold Demand Trends’ report, released on January 31, indicates that yearly gold demand – excluding over-the-counter (OTC) market demand –... 

Kefi confirms new discovery at Saudi Arabia gold project

Aim-listed Kefi Gold and Copper has confirmed a new discovery, as well as provided an operational update for the Jibal Qutman gold project in Saudi Arabia in the company's minority-owned Gold and... 

GoviEx assures shareholders it is unaffected by Niger’s mining sector audit

TSX-V-listed GoviEx Uranium has responded to recent articles published in the wider press concerning an alleged audit of the mining sector in Niger, noting that this will not affect the company.... 

Calibre completes acquisition of Marathon

TSX-listed Calibre Mining has acquired all of the issued and outstanding common shares of fellow-listed Marathon Gold, pursuant to a court-approved plan of arrangement. As a result of the... 

Phoenix to raise £2.2m for equipment, working capital

Aim-listed US-focused Phoenix Copper intends to raise about £2.2-million (before expenses) through the issue of new ordinary shares to fund the purchase of mining and processing equipment at a... 

Adventus acquires outstanding Luminex shares

Ecuador-focused copper/gold exploration and development company Adventus Mining has acquired all of the issued and outstanding common shares of Canada-based precious and base metals exploration and... 

New partnership to aid transition to clean cooking fuels in Africa

Corporate and investment bank Rand Merchant Bank (RMB) has announced a strategic partnership with climate technology company KOKO, where it has acted as the lead mandated arranger and financier for... 

TotalEnergies ups stakes in Namibia offshore blocks

Energy company TotalEnergies has signed an agreement to acquire from Impact Oil and Gas Namibia an additional 10.5% participating interest in block 2913B and an additional 9.39% participating... 

Expansion on track at Zambia project, First Quantum says

As part of its 2023 Preliminary Production and 2024 to 2026 guidance, published this week, TSX-listed First Quantum Minerals has reiterated its commitment to delivering the S3 Expansion project at... 

Red Rock progressing Central, West African projects

Natural resource development company Red Rock Resources now has four active licences in West Africa over project of “high prospectivity”, chairperson Andrew Bell says. This follows the recent... 

MIIF invests $5m to support Atlantic’s Ewoyaa project

Lithium exploration and development company Atlantic Lithium has welcomed Ghana’s sovereign minerals wealth fund the Minerals Income Investment Fund (MIIF) onto its shareholder register following... 

Caracal raises £140 000 for working capital, corporate costs

East African gold producer Caracal Gold has raised £140 000 by way of a subscription through the issue of  46.7-million new ordinary shares in the company, to be used for working capital at its... 

Zambia president Hakainde Hichilema to deliver keynote address at Mining Indaba

Zambian President Hakainde Hichilema is set to deliver a keynote address at the Investing in African Mining Indaba, which will take place from February 5 to 8 in Cape Town, South Africa. This will... 

Sovereign appoints SocialEssence to assist in progressing Malawi project

Aim- and ASX-listed Sovereign Metals has appointed specialist social performance consultancy SocialEssence to assist in the continued development of the company’s stakeholder relations, social... 

Aton reorganises management team, appoints new COO

TSX-V-listed Aton Resources has reorganised the management team at its Abu Marawat Concession in the Eastern Desert of Egypt. Robert Parr has been appointed COO and will be responsible for... 

Botswana Diamonds discovers high-grade anomaly close to KX36 in the Kalahari

BSE- and Aim-listed Botswana Diamonds has completed a gravity survey over four high-grade geophysical targets that had good magnetic response in a previous survey undertaken by the company.... 

Koryx files amended PEA for Namibia project

TSX-V-listed Koryx Copper, previously known as Deep-South Resources, announces that it has filed an amended preliminary economic assessment (PEA) technical report for the Haib copper project, near... 

Shanta exceeds its production guidance for 2023

Aim-listed Shanta Gold has surpassed its production guidance for 2023, despite a moderate slowdown at its New Luika gold mine (NLGM), in Tanzania. The company benefitted from a strong gold price... 

Full time operations under way at Ionic's UK magnet recycling demonstration plant

ASX-listed Ionic Rare Earths’ 100%-owned subsidiary Ionic Technologies International has started operations in Belfast, in the UK. Ionic Technologies is a global player in the recycling of... 

Perseus intends to make takeover bid for OreCorp, rivalling Silvercorp

ASX-listed Perseus Mining has announced its intention to make an off-market takeover offer for all of the issued shares in ASX-listed OreCorp that it does not already own for a cash consideration... 

Graphite concentrate from Volt’s Tanzania project meets customer requirements

ASX-listed graphite producer and natural graphite anode developer Volt Resources says a portion of graphite ore from its 100%-owned Bunyu graphite project, in Tanzania, that was recently processed... 

Marula approves $6.38m exploration budget for Tanzanian projects

AQSE-listed Marula Mining’s 2024 exploration budgets for the advancement and development of the company’s Kinusi copper mine and the Bagamoyo, Nyorinyori and NyoriGreen graphite projects, all... 

Exxaro, Council for Geoscience sign MoU to drive sustainability, decarbonisation

Diversified miner Exxaro Resources and South African national science council the Council for Geoscience (CGS) have entered into a memorandum of understanding (MoU) to drive sustainability and... 

Aton receives mining licence for Abu Marawat concession in Egypt

An exploitation lease, or mining licence, for gold and associated minerals has been issued to TSX-V-listed Aton Resources for its 100%-owned Abu Marawat Concession, in the Eastern Desert of Egypt.... 

Steve Phiri appointed nonexec director of Merafe

JSE-listed chrome producer Merafe Resources has appointed former Royal Bafokeng Platinum CEO Steve Phiri as an independent nonexecutive director, with effect from February 1. Phiri holds B luris,... 

Makuutu rare earths project granted large-scale mining licence

ASX-listed Ionic Rare Earths (IonicRE) reports that Rwenzori Rare Metals, owner of the Makuutu heavy rare earth project, in Uganda, has formally received the granted large-scale mining licence over... 

Expansion on track at Zambian project, First Quantum says

As part of its 2023 Preliminary Production and 2024 to 2026 guidance, published this week, TSX-listed First Quantum Minerals has reiterated its commitment to delivering the S3 Expansion project at... 

Kenmare meets 2023 guidance

London-listed Kenmare Resources, which operates the Moma titanium minerals mine in northern Mozambique, produced 986 300 t of ilmenite for the 2023 full year, within its revised guidance range for... 

Tirupati raises £1.05m to optimise production in Madagascar

Specialist flake graphite company Tirupati Graphite has raised gross proceeds of £1.05-million by way of a private placing of 9.5-million new ordinary shares. Optiva Securities acted as sole broker... 

GoviEx progressing projects despite political challenges

Despite bullish uranium prices, the unexpected military coup in Niger, where TSX-V-listed GoviEx’s  Madaouela project is located, has created some challenges, CEO Daniel Major and executive... 

Toro makes progress on Lake Maitland uranium project extension study

ASX-listed Toro Energy’s extension study of the proposed Lake Maitland uranium/vanadium operation, located about 105 km southeast of the Wiluna township, in Western Australia, has significantly... 

Critical Minerals acquires 26 Moroccan permits

Aim-listed Critical Mineral Resources has acquired 26 exploration permits prospective for copper, antimony, tungsten, lead/zinc and gold in central Morocco. The company has acquired the permits...