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Africa

Conveyor belt at Minergy mine in Botswana
Minergy’s first-half attributable loss widen, but turnaround plan in the works
19th March 2024 By: Marleny Arnoldi

After facing significant headwinds in the six months ended December 31, 2023, Botswana-based coal miner Minergy has reported an attributable loss of P72.4-million and a loss a share of 15.42 thebe.... 


Saturn Resources increases its offer for Shanta shares
19th March 2024 By: Tasneem Bulbulia

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,... 


Ex-Continental Coal secretary sentenced
19th March 2024 By: Creamer Media Reporter

Former Continental Coal company secretary Jane Flegg will spend at least two years behind bars after she pleaded guilty in an Australian court for giving false and misleading financial... 


Uganda gold exports jump more than 10-fold in 2023, says central bank
19th March 2024 By: Reuters

Uganda's gold exports surged more than ten-fold in 2023 despite US sanctions on a major processor in the East African country, data from the central bank showed on Tuesday. Uganda, which has... 


Menar MD Vuslat Bayoglu.
RBCT, TFR show that private-public collaboration can work very well – Menar
19th March 2024 By: Martin Creamer

The private-sector’s Richards Bay Coal Terminal (RBCT) and the State’s Transnet Freight Rail (TFR) have shown that the private sector and State-owned entities can work together very well, Menar MD... 


The Uis tin mine in Namibia
Andrada subsidiary enters into N$175m financing deal with Namibian lender
19th March 2024 By: Creamer Media Reporter

African technology metals mining company Andrada Mining reports that its Uis Tin Mining Company (UTMC) subsidiary has entered into a conditional credit-approved N$175-million funding agreement with... 


US Deputy Treasury Secretary Wally Adeyemo
Top treasury official stresses US ambitions for Africa’s metals
19th March 2024 By: Bloomberg

US Deputy Treasury Secretary Wally Adeyemo used a five-day trip to South Africa to advertise his country’s ambitions of securing supplies of the metals needed for the global energy transition –... 


Miners getting ready to start their shift at Zimplats' Bimha mine
Implats’ Zimbabwe unit plans voluntary job cuts to contain costs
19th March 2024 By: Bloomberg

Impala Platinum Holdings’ Zimbabwean unit is offering staff voluntary redundancy packages to cut costs because of anemic metal prices. Weak platinum group metal prices are projected to last for the... 


Gold bars
Dirty gold can still slip into London market, rights groups say
19th March 2024 By: Reuters

The London Bullion Market Association (LBMA), which sets standards for the world’s most established gold market, needs to do more to exclude gold linked to human rights abuses or criminality from... 


Sandfire’s early growth and success stemmed from the discovery of the high-grade DeGrussa copper/gold deposit, in Western Australia.
Sandfire announces $200m credit line
19th March 2024 By: Mariaan Webb

Australia-headquartered Sandfire Resources on Tuesday announced a $200-million corporate revolver facility (CRF), with some of the proceeds going towards paying off a facility linked to its Matsa... 


GoviEx appoints FEED contractor, starts initial ground works at Niger project
18th March 2024 By: Creamer Media Reporter

TSX-V-listed GoviEx Uranium has appointed SGS Bateman to undertake the front-end engineering design (FEED) for the Madaouela mine, in Niger. The project is also moving forward with initial ground... 


Mining operations at Hummingbird’s Kouroussa mine temporarily suspended
18th March 2024 By: Sabrina Jardim

The principal contract miner at Aim-listed Hummingbird’s Kouroussa gold mine, in Guinea has temporarily suspended mining operations as of March 17 as a result of various contractual disputes.... 


Lulo alluvial resource increases carats by 48%
18th March 2024 By: Sabrina Jardim

After accounting for mining depletion of 30 585 ct during the 2023 calendar year, ASX-listed Lucapa Diamond Company and its partners Endiama and Rosas & Petalas have reported that alluvial... 


Retired Tiffany & Co exec appointed to Diamcor’s board
18th March 2024 By: Tasneem Bulbulia

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.... 


Merafe CEO Zanele Matlala and FD Ditabe Chocho.
Ferrochrome producer Merafe cites green energy solutions as 2024 opportunity
18th March 2024 By: Martin Creamer

The Glencore-Merafe Chrome Venture is exploring renewable energy projects to mitigate power shortages and power costs, Merafe Resources CEO Zanele Matlala said on Monday, when the Johannesburg... 


An image of Thungela CEO July Ndlovu
Thungela delivers strong financial performance despite rail, price headwinds
18th March 2024 By: Tasneem Bulbulia

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.... 


Global commodity trading profits topped $100bn for second-best year ever
18th March 2024 By: Bloomberg

The commodity trading industry reaped its second-best year ever in terms of profits, banking over $100-billion and building up a mountain of cash to spend on assets and breaking into new markets.... 


First Quantum Minerals' Kansanshi copper mine, in Zambia
First Quantum’s Kansanshi expansion project on schedule for completion in mid-2025
18th March 2024 By: Marleny Arnoldi

TSX-listed gold and base metals miner First Quantum Minerals CEO Tristan Pascal is pleased with the level of progress on the ground at the S3 expansion project, at the Kansanshi mine, in Zambia.... 


Underground mechanised mining trainee with VR set
Murray & Roberts Cementation raises the bar on mechanised mine training
18th March 2024 By: Marleny Arnoldi

Mining contractor Murray & Roberts Cementation on March 14 hosted a media tour of the mock-up mine and training facilities at its Bentley Park Training Academy, in Carletonville. The site is... 


Uranium
Aura announces A$16m placement, A$2m share purchase plan
18th March 2024 By: Marleny Arnoldi

ASX- and Aim-listed Aura Energy has received firm commitments from investors to raise about A$16.2-million through the issue of 90.2-million ordinary shares. The company will also offer... 


Independent expert finds Goldway’s offer not ‘fair, reasonable’ – MC Mining
18th March 2024 By: Marleny Arnoldi

JSE-, ASX- and Aim-listed coal miner MC Mining says a report prepared by an independent expert from BDO Corporate Finance that the takeover offer it received from Goldway Capital Investment in... 


Merafe CEO Zanele Matlala.
Merafe declares cash dividend on record profit, elevated chrome
18th March 2024 By: Martin Creamer

Ferrochrome and chrome company Merafe achieved a record profit of R1 753-million despite what it describes as a challenging economic environment in the 12 months to December 31. The board of... 


Barrick CEO Mark Bristow
Barrick tackling Pueblo Viejo ‘teething problems’
15th March 2024 By: Mariaan Webb

Gold and copper miner Barrick has experienced “teething problems” at its flagship Dominican Republic growth project, CEO Mark Bristow said on Friday, but added that the Pueblo Viejo expansion... 


Critical Mineral Resources raises £250 000 to develop Moroccan permit
15th March 2024 By: Tasneem Bulbulia

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... 


LNG infrastructure
Energy investor Reatile gears up for LNG importation as gas shortage looms
15th March 2024 By: Marleny Arnoldi

In light of the looming natural gas supply constraints from mid-2026, investment company Reatile Group is actively engaging Sasol on mitigating the gap between 2026 and the eventual arrival of... 


Platinum cathode required in PEM fuel cells to convert hydrogen to electricity. Heraeus infographic.
Major new gigafactory fuel cell thrust enlivening demand outlook for platinum
15th March 2024 By: Martin Creamer

A major new fuel cell thrust in North America is enlivening the outlook for platinum and helping the world advance further along the road to net zero. Emphasising that the advancement of the... 


MC Mining MD and CEO Godfrey Gomwe
MC Mining achieves interim revenue growth despite challenging coal market
15th March 2024 By: Tasneem Bulbulia

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... 


Kenmare MD Michael Carvill
Kenmare founder to step down as MD by August
15th March 2024 By: Creamer Media Reporter

Michael Carvill will step down as MD of mineral sands miner Kenmare Resources later this year. Subject to reappointment at the company’s annual general meeting on May 10, it is expected that he... 


Copper surges past $9 000 with supply threats stacking up
Copper surges past $9 000 with supply threats stacking up
15th March 2024 By: Bloomberg

Copper rallied above $9 000 a ton — its highest level in 11 months — as investors react to the risk that global supply challenges will tilt the market back into deficit. The metal, seen as a... 


Copper cathode produced in the DRC
Congo, Chinese partners sign reviewed Sicomines copper and cobalt JV agreement
15th March 2024 By: Reuters

Democratic Republic of Congo and Chinese investors on Thursday signed an agreement reached in January that revises some terms of their Sicomines copper and cobalt joint venture, Congo's... 


Gold, hydrogen, mining boost make headlines
Gold, hydrogen, mining boost make headlines
15th March 2024

This week on Second Take, Mining Weekly Editor Martin Creamer talks about he South African gold producer that’s going public through a business combination with a US group; Elemental Energy on a... 


South Africa’s IDC approves loan for Tanzania graphite project
15th March 2024 By: Mariaan Webb

Tanzanian graphite developer Black Rock Mining has successfully secured the necessary debt facilities required to advance its Mahenge, with a new senior term loan from South Africa’s Industrial... 


Sibanye-Stillwater CEO Neal Froneman and US Deputy Treasury Secretary Wally Adeyemo on a mine tour in Marikana
Africa to play 'huge role' in US critical mineral strategy, says Treasury's No. 2
15th March 2024 By: Reuters

The United States is looking to Africa to help loosen a Chinese stranglehold on battery metals and reduce Russia's influence over the market for other minerals, US Deputy Treasury Secretary Wally... 


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