PGM market fundamentals stronger than current pricing suggests – Muller

Impala Platinum (Implats) CEO Nico Muller says platinum group metal (PGM) market fundamentals are stronger than what current pricing suggests. He also does not expect there to be further... 

Harmony swings to profit, declares a higher dividend

Gold miner Harmony Gold has posted a 46% increase in production profit to just under R14-billion, or $774-million, for the financial year ended June 30. The company swung from a net loss of... 

Andrada confirms lithium mineralisation near Uis mine

Aim-listed tin and lithium developer Andrada Mining has confirmed the existence of continuous mineralisation at surface over a 6 km strike length at the ML133 mining licence area, or Lithium Ridge,... 

Pensana announces promising soil sampling results on Coola licence

London-listed Pensana says results from a soil sampling programme at the Sulima West target, at its Coola licence, in Angola, clearly identifies an area of about 500 m by 300 m, or 15 ha, with... 

Diamond producers adapting to rapidly changing landscape, says BDO

The diamond industry has faced multiple challenges leading to a notable shift in its landscape over the last few years, says personal liability company BDO South Africa. Natural resources partner... 

Mistra reiterates call for PGMs Exchange as hydrogen economy looms

Think tank the Mapungubwe Institute for Strategic Reflection (Mistra) has reiterated its call for the formation of a Platinum Group Metals (PGMs) Exchange in South Africa, given that many... 

BMI expects thermal coal price to trend lower for 2023

Research firm BMI has revised downward its Newcastle thermal coal price forecast for the year to $180/t, from $220/t previously, owing to global demand for coal having weakened. After averaging... 

Deep-South seeks to raise C$2m

TSX-V-listed Deep-South Resources has announced a private placement of 30-million units at a price of C$0.065 apiece, for gross proceeds of up to C$2-million. Each unit will be comprised of one... 

Xtract to earn-in on two copper licences in Zambia

London-listed Xtract Resources has entered into a joint venture (JV) agreement with Cooperlemon Consultancy to explore for copper on two large-scale licences in the northwest of Zambia. The two... 

Aton advances closer to mining licence in Egypt

TSX-V-listed Aton has lodged a submission to the Egyptian Mineral Resources Authority detailing and defining commercial discoveries at its Hamama West and Rodruin projects, as part of the Abu... 

Andrada widens loss, but remains funded for lithium growth

Aim-listed Andrada Mining has posted a bigger loss before interest, taxes, depreciation and amortisation for the year ended February 28 at £5.9-million, on the back of a 34% lower tin price. The... 

Pensana progresses upfront cost reduction of planned Longonjo mine

London-listed Pensana has advised that it is on track to re-engineer the Longonjo project, in Angola, to reduce its upfront capital cost to $200-million and complete financial due diligence for... 

Jubilee on track to expand copper, chrome and PGM processing further

Johannesburg- and London-listed Jubilee Metals says it has traded 24 500 t of newly produced chrome product from the expanded Inyoni chrome and platinum group metal (PGM) operations, in the... 

Altona hits best rare earths intersection at Mozambique project to date

London-listed Altona Rare Earths has drilled ten reverse circulation holes at its Monte Muambe rare earths project, in Mozambique, for a total 790 m. So far, drilling at Target 3 has confirmed... 

Lucara to reappoint Lamb as CEO

Canadian-headquartered Lucara Diamond Corporation has announced plans to reappoint William Lamb president and CEO of the company, as well as director, succeeding Eira Thomas. Lamb brings to the... 

AHK gets behind critical minerals traceability development

Independent analysis and inspection services provider Alfred H Knight (AHK) is participating in the European Union’s ‘MaDiTraCe’ project to develop and integrate technological solutions for... 

Blencowe confirms offtake interest from downstream graphite processors

UK-headquartered graphite developer Blencowe Resources has advised that its 100 t bulk sample testwork programme will be completed by the end of August. The company appointed graphite technical... 

Akobo appoints consultancy veteran as Segele mine manager

Ethiopia-focused gold miner Akobo Minerals has appointed Professor Steven Rupprecht as mine manager and strategic adviser to its Segele operation in southwest Ethiopia. He initially worked for... 

New platform to ease regulatory, other constraints that renewable energy project developers face

Trade, Industry and Competition Minister Ebrahim Patel has launched the Energy One-Stop Shop (EOSS), as well as the Energy Resilience Fund (ERF), as part of efforts to streamline the process of... 

First underground production delivered at Venetia mine

Diversified miner Anglo American’s diamond mining subsidiary De Beers Group has delivered first production from the underground operations at the Venetia mine, in Limpopo, which it built at a cost... 

Akobo secures MKS as gold refinery, distribution partner

Ethiopia-focused mining company Akobo Minerals has signed an agreement with Swiss precious metals fabricator MKS PAMP for various gold refinery-related services. MKS will provide turnkey refining... 

PGMs turn supportive in June’s mining output stats

Statistics South Africa (Stats SA) reports that mining production increased by 1.1% year-on-year in June, with the largest positive contributors having been platinum group metals (PGMs) and gold.... 

Tirupati secures prepayments in support of ramp-up efforts

Madagascar-focused flake graphite miner Tirupati Graphite has received $1-million net of prepayments from existing clients to support the ramp-up of its operations in Madagascar. The company is... 

Aterian raises £1m, announces newly granted prospects

London-listed Aterian has been granted two substantial exploration projects, as well as several new exploration licences adjacent to existing projects in Morocco. In total, ten new licences have... 

Lucara posts higher output, recovers fourth diamond weighing more than 1 000 ct at Karowe

TSX-listed Lucara Diamond Corp has recovered a 1 080 ct Type IIa diamond at its Karowe mine, in Botswana – the fourth diamond weighing more than 1 000 ct to be recovered at the mine since 2015.... 

August may not be as favourable for gold as usual, but demand drivers remain, says gold council

A weaker dollar and a spike in breakeven inflation rates has helped gold to gain 3.1% in July to $1 971, bringing the year-to-date return to 8.7%, says the World Gold Council (WGC). Global... 

Tirupati reports big increase in flake graphite output

Madagascar-focused flake graphite miner Tirupati Graphite has recorded a 188% year-on-year increase in production for the three months ended June 30, as it continues to ramp-up its Vatomina and... 

Weighbridge successfully installed at Contango’s Zim coal project

London-listed Contango Holdings has completed the installation of a weighbridge at its Muchesu coal project, in Zimbabwe, enabling trucks to collect coal from the mine and meet the necessary... 

Glencore Ferroalloys, Merafe launch R20m multipurpose community centre in Rustenburg

Chrome and vanadium producer Glencore Ferroalloys has launched a R20-million multipurpose community centre in Thekwane, Rustenburg. The centre, which was jointly developed by Glencore Ferroalloys’... 

Copper price dip is no cause for concern, Copper 360 assures shareholders

AltX-listed mining company Copper 360 has assured its shareholders that the dip in the copper price to about $8 300/t early in August is nothing to worry about, despite it marking a 15% drop from... 

Caracal achieves quarterly improvement in gold throughput

Dual-listed gold producer Caracal Gold’s latest production numbers confirm that the Kilimapesa mine, in Kenya, is operating well following a difficult first quarter. The operation treated 50 720 t... 

Wesizwe’s Bakubung mine remains closed as unprotected strike continues

JSE-listed Wesizwe Platinum has advised that the Bakubung Platinum Mine (BPM) remains closed owing to ongoing unprotected strike action since July 20. The company says its management is engaging... 

Miners make progress towards GISTM conformance

Diversified miners Anglo American, Sibanye-Stillwater and Glencore have revealed the progress they have made in conforming with the Global Industry Standard and Tailings Management (GISTM). Anglo... 

Scatec announces renewable energy financing agreement with CFM

Norwegian renewable energy company Scatec has signed an agreement to raise $102-million in funding from Netherlands-based investment manager Climate Fund Managers (CFM) to accelerate its growth... 

75 MW Northern Cape solar farm startup expected by mid-2025

Industrial and specialty gas company Air Products South Africa has confirmed that it expects a solar plant to supply electricity to its air separation units (ASUs) to start generating electricity... 

Gemfields produces slightly lower interim output

London- and Johannesburg- listed Gemfields produced 17.4-million carats of emeralds in the six months ended June 30, including 85 000 ct of premium emeralds, from the Kagem emerald mine, in Zambia.... 

Kropz’s shares resumes trading in London, but Elandsfontein ramp-up drags

Aim-listed phosphate miner Kropz’s shares have resumed trading on the London Stock Exchange following a temporary suspension since July 3. The company’s shares were suspended owing to its results... 

Orion on track to publish Okiep feasibility study results in August

ASX-listed Orion Minerals has confirmed that a feasibility study on the Okiep copper project, in the Northern Cape of South Africa, is well advanced, and that the results thereof will be published... 

Bushveld announces changes to subsidiary’s holdings in Enerox

Aim-listed Bushveld Minerals has announced that its subsidiary, Vanadium Redox Flow Batteries Holdings (VRFB-H), received notice from Garnet Commerce that it is exercising an option to acquire... 

Air Products South Africa secures renewable power for its ASUs

Industrial and specialty gas company Air Products South Africa has concluded a power purchase and wheeling agreement with wind and solar power developer Mulilo Renewable Project Developments, which...