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Tasneem Bulbulia is a Creamer Media Senior Contributing Editor Online for Engineering News and Mining Weekly.
Gold Fields warns of lower earnings on the back of lower sales, higher costs
Globally diversified gold producer Gold Fields expects its headline earnings a share for the six months ended June 30 to be between $0.49 to $0.53, which is 9% to 16% lower than the headline...
South Africa’s traffic signals in a ‘woeful’ state and deteriorating
The country’s traffic signals are currently in a dire state and various factors need to be considered to resolve this, Innovative Transport Solutions MD Jan Coetzee said during the South African...
New research could spark future diamond discoveries
An international team of scientists led by the University of Southampton has discovered that the breakup of tectonic plates is the main driving force behind the generation and eruption of...
Kumba lowers full-year sales guidance as logistics challenges persist
JSE-listed Kumba Iron Ore achieved a solid operational and financial performance for the six months ended June 30, despite ongoing logistics constraints and weak global steel demand impacting on...
Aveng to swing to full-year loss
JSE-listed Aveng expects to report a loss a share and a headline loss a share for the financial year ended June 30, compared with earnings a share of 106c and headline earnings a share of 252c...
Protea Pink diamond sells for $271 307/ct
Johannesburg-based Pioneer Tender House says the 29.52 ct Protea Pink diamond was sold on tender for a record $271 307/ct. This is the highest sale price for any diamond sold by Pioneer to date.
Capital records solid second-quarter progress
London-listed Capital recorded another strong step forward in the quarter, with the award of its second significant mining services contract at the Ivindo iron-ore project in Gabon, CE Peter Stokes...
Coal funding landscape challenging, but there are pockets of opportunity
As South Africa undertakes the long process of a just energy transition (JET), coal mining projects and coal-fired power stations will still continue to be relevant for quite some time in the...
Caledonia reiterates Blanket guidance despite underwhelming quarterly production
Aim-listed Caledonia Mining’s Blanket gold mine, in Zimbabwe, produced 17 436 oz for the quarter ended June 30, representing an 8.7% increase on the 16 036 oz produced in the first quarter of the...
Merafe reports lower interim production in line with planned pullback
JSE-listed Merafe’s attributable ferrochrome production from the Glencore Merafe Chrome Venture for the six months ended June 30 was 185 000 t. That represents a decrease of about 9% compared with...
Eastplats subsidiary receives summons over mine project agreement
Platinum group metals (PGMs) miner Eastern Platinum’s (Eastplats’) South African subsidiary Barplats Mines has received a combined summons from ABT Toda in relation to ongoing arbitration between...
Solar portion of Molo mine’s hybrid power plant completed
Construction of the solar farm portion of the solar hybrid power plant at NextSource Materials' Molo graphite mine, in Madagascar, has been completed. The solar hybrid plant is owned and operated...
MSALABS expanding its Chrysos PhotonAssay technology footprint
Aim-listed Capital’s majority-owned subsidiary MSALABS, a global provider of geochemical laboratory services for the exploration and mining sectors, reports that it now has the largest...
Bakubung concentrator plant runs into issues
JSE-listed Wesizwe Platinum has identified various defects in the Bakubung concentrator plant as it progresses the hot commissioning of the plant. So far, a continuous test-running of the plant has...
More needs to be done to improve women representation in mining
There has been some progress in the necessary drive to transform the mining industry in terms of gender parity; however, much work still remains to be done, and pivotal to this will be...
Afrimat diversifies further with Lafarge SA acquisition
The share price of mining and materials company Afrimat rose by more than 12% on June 20 after it announced the planned acquisition of Lafarge South Africa (LSA), including all its subsidiaries,...
Kazera making strides at operational, corporate level
Aim-listed Kazera Global continues to make progress at both a corporate and operational level, and of particular importance is the increased cooperation and positive relationship between Kazera’s...
Gemfields’ emeralds, rubies featured at Paris fashion show
A new collection of rings, featuring miner Gemfields’ emeralds and rubies, has been unveiled during the Journées de la Haute Joaillerie. Gemfields – a miner and marketer of coloured gemstones – has...
Protea Pink diamond sells for $271 307/ct
Johannesburg-based Pioneer Tender House says the 29.52 ct Protea Pink diamond was sold on tender for a record $271 307/ct. This is the highest sale price for any diamond sold by Pioneer to date.
High copper recovery, grade confirmed at Copper 360’s Rietberg
JSE-listed Copper 360 says metallurgical test results have confirmed high copper recovery and concentrate grades from drill core samples from the Rietberg copper mine, in the Northern Cape. Copper...
ZIOC enters subscription agreement with SMC
Aim-listed Zanaga Iron Ore Company (ZIOC ) has entered into an equity subscription agreement (ESA) with institutional investor Shard Merchant Capital (SMC). This follows the successful...
IWiM appoints new governance board, advisory council
Global not-for-profit organisation International Women in Mining (IWiM) has announced a new governance board and advisory council to support the next phase of strategic development for the...
Complaints against RBPlat resolved
JSE-listed Royal Bafokeng Platinum (RBPlat) says that, following engagements with the Takeover Regulation Panel (TRP), the “frustrating action complaints” against the company have been resolved to...
Makhado project’s mine life, coal reserves increase considerably
Coal miner MC Mining’s updated life-of-mine (LoM) plan and coal reserve estimate for its fully-licensed and shovel-ready Makhado steelmaking hard coking coal project has demonstrated a considerably...
Kropz records further phosphate sale, annual results delayed
Aim-listed Kropz has announced further sales of 33 000 t of phosphate concentrate from Kropz Elandsfontein, in South Africa, during June, bringing sales to date to 130 000 t. Kropz also notes that...
Cora signs $70m debt mandate letter to support Mali project construction
Aim-listed Cora Gold has entered into a mandate letter to appoint Atlantique Finance to act as sole adviser in the structuring and mobilisation of a medium-term loan of $70-million to support...
Longonjo’s initial capex requirement reduced to $200m
London-listed Pensana has outlined details of a revised financing and development strategy which will see the Longonjo operation, in Angola, being fully funded into production. A revised execution...
Implats extends longstop date for RBPlat offer to July 28
JSE-listed Impala Platinum (Implats) has again extended the longstop date of its proposed buyout of Royal Bafokeng Platinum (RBPlat) to July 28, as two conditions precedent remain outstanding. The...
Capital executives sell shares
London-listed Capital chairperson Jamie Boyton and executive director Brian Rudd have sold, subject to completion, 5.3-million common shares in the company. The placing shares represent about 2.7%...
Afrimat, Galileo sign addendum to Glenover acquisition agreement
Aim-listed Galileo Resources has noted progress in relation to JSE-listed Afrimat’s option to buy, for R300-million, shares in and shareholder loans made to Glenover Phosphate in which Galileo has...
Further drive needed to push gender transformation in the mining industry
There has been some progress in the necessary drive to transform the mining industry in terms of gender parity; however, much work still remains to be done, and pivotal to this will be...
Afrimat diversifies further with Lafarge South Africa acquisition
The share price of mining and materials company Afrimat rose by more than 12% on June 20 after it announced the planned acquisition of Lafarge South Africa (LSA), including all its subsidiaries,...
High quality of end products reaffirmed at Blencowe’s Uganda project
Aim-listed Blencowe Resources announces that additional metallurgical test work on its Orom-Cross graphite project, in northern Uganda, has been completed by a Chinese graphite technical specialist...
Glencore outlines ESG endeavours at DRC Mining Week
Glencore, a global diversified natural resource company and producer of copper and cobalt in the Democratic Republic of the Congo (DRC), expects its social investment in the country to increase to...
Kefi’s Ethiopian project ready for final finance package
Aim-listed Kefi Gold and Copper reports that all outstanding major financing conditions precedent requiring Ethiopian government input in relation to the company’s Tulu Kapi gold project have been...
Omnia achieves strong results in challenging climate
Diversified chemicals group Omnia Holdings says it delivered a strong and resilient set of results, with improved earnings, in a challenging and volatile operating environment for the financial...
Keith Marshall appointed nonexecutive director of Resolute Mining
Canada-based gold miner Resolute Mining has appointed Keith Marshall as nonexecutive director of the company. Marshall is a mining engineer with considerable technical and managerial expertise...
South Africa lagging on small-business front
The legacy of apartheid has caused South Africa to lag behind other upper middle-income countries in terms of small business, which is a core factor behind very low employment levels. The country...
Omnia buys 20 rail tankers to support local ammonia supply chain
In a proactive response to recent industry dynamics and the pressure faced by global supply chains, JSE-listed Omnia Group says it is taking decisive steps to strengthen a robust ammonia supply...
Red Rock positioned to start lithium production in Zimbabwe
Natural resource exploration and development company Red Rock Resources has been issued an environmental certificate for its operations in Zimbabwe and can therefore start production and the sale...
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