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Lady Julie one of Australia’s highest margin undeveloped projects – Magnetic
7th March 2024 By: Creamer Media Reporter

The Lady Julie gold project, near Laverton, in Western Australia, is technically and financially robust, ASX-listed Magnetic Resources reported on Thursday. A prefeasibility study has confirmed... 


mine shaft head
Kilimapesa restart on track following mill relining in January
7th March 2024 By: Darren Parker

Progress at the Kilimapesa mine, in Kenya, is on track since the relining of the mill in January and the restart of production, London-listed Caracal Gold CEO Robbie McCrae has said. “We look... 


graphite
Tirupati to remain listed, shuffles board
7th March 2024 By: Darren Parker

Following recent speculation among investors, London-listed Tirupati Graphite has confirmed that there are no plans to take the company private, emphasising that the board remains confident that... 


Tietto Minerals' Abujar mine, in Côte d’Ivoire
Tietto goes from strength to strength following ‘undervalued’ takeover offer
7th March 2024 By: Marleny Arnoldi

As gold mining company Tietto Minerals nears full production rates at its Abujar gold mine, in Côte d’Ivoire, it is also focusing on organic growth opportunities, while Hong Kong-based Zhaojin... 


Exxaro warns of lower earnings on the back of decrease in export prices, weaker rand
7th March 2024 By: Darren Parker

Diversified resources company Exxaro Resources has warned shareholders that it is likely to report a 16% to 30% year-on-year decrease in headline earnings per share (HEPS) for the year ended... 


Pele Green Energy MD Gqi Raoleka
Pele Green Energy looking beyond R2.5bn funding innovation as it hastens towards ‘South African IPP’ vision
7th March 2024 By: Terence Creamer

Following its recent success in securing new public and private power purchase agreements, Pele Green Energy (PGE) is already having to consider additional funding options beyond the pioneering... 


First Quantum's Panama mine closure to cost around $800m, Minister says
First Quantum's Panama mine closure to cost around $800m, Minister says
7th March 2024 By: Reuters

The cost of the closure of Canadian miner First Quantum's copper mine in Panama is estimated at around $800-million, Trade and Industry Minister Jorge Rivera said on Wednesday. An inter-ministry... 


Image of the Marula mine
Marula Phase 2 life-of-mine extension, South Africa – update
7th March 2024 By: Sheila Barradas

The project has been slowed down. 


Kendal power station
Move to formalise deal on injecting private skills into Eskom amid plan to add and recover 10.6 GW by end-2025
6th March 2024 By: Terence Creamer

Government and business have set a goal of increasing South Africa’s electricity generation capacity by 10.6 GW by the end of 2025 as part of ongoing collaborative efforts to tackle growth-sapping... 


3 workers or engineers in PPE on a construction or mining site
M&R gets back on track with narrowed losses, lower debt
6th March 2024 By: Darren Parker

JSE-listed Murray & Roberts (M&R) has reported a significant year-on-year reduction in its attributable loss for the six months ended December 31, 2023, signalling a positive turn in its financial... 


Jubilee establishes separate subsidiary boards for its South African, Zambian operations
6th March 2024 By: Sabrina Jardim

Metals processor Jubilee Metals has established separate subsidiary boards for its South African and Zambian operations to better reflect the current level of business maturity of those operations.... 


China’s top coking coal miner calls on State to control supply
6th March 2024 By: Bloomberg

China’s coking coal industry needs more state protection, including restrictions on supply, according to the chairman of the biggest miner. Beijing should control mining activity, limit output and... 


Natural Resources Minister Jonathan Wilkinson
Chinese money can’t be solution for cash-strapped Canadian miners, Minister says
6th March 2024 By: Bloomberg

Chinese investment can’t be the solution for cash-strapped Canadian miners seeking financial backing, according to Canada’s Natural Resources Minister. “We need to be working to solve access to... 


Sibanye-Stillwater CEO Neal Froneman
Sibanye-Stillwater highlights its full confidence in price-hit platinum group metals
5th March 2024 By: Martin Creamer

While the operating environment remains challenging, with macro-economic and geo-political uncertainty persisting, the medium- to long-term view of Sibanye-Stillwater remains largely unchanged on... 


Caledonia warns of lower full-year profit on the back of one-off items
4th March 2024 By: Sabrina Jardim

LSE-listed Caledonia Mining expects to report an adjusted profit before tax for the year ended December 31, 2023, materially below market expectations, owing to increased operating costs and... 


Singapore’s PEY to source $320m for Magnis’ Tanzania graphite project
4th March 2024 By: Creamer Media Reporter

After four months of diligence, Singapore-based PEY Capital has entered into an exclusivity period with Magnis Energy Technologies to source $320-million in funding for the Nachu graphite project,... 


Merafe’s shares rise on higher earnings expectations
4th March 2024 By: Tasneem Bulbulia

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... 


Lake Resources deepens cost-cutting actions
Lake Resources deepens cost-cutting actions
4th March 2024 By: Mariaan Webb

Lithium developer Lake Resources on Monday announced further cost reductions to extend its financial runway and better position the company to complete a strategic partner selection process for its... 


World-beating mining stock turns big loser thanks to China slump
World-beating mining stock turns big loser thanks to China slump
4th March 2024 By: Bloomberg

Iron-ore behemoth Fortescue’s months-long stock rally suffered a big pullback in February as investors turned sour on the company’s earnings growth and high exposure to slumping metal prices amid... 


New US sanctions more likely to curb Indian imports of Russian coal, traders say
1st March 2024 By: Reuters

New US sanctions on Moscow are more likely than previous ones to cut Indian imports of thermal coal from Russia because they specifically cite top exporters SUEK and Mechel, three major traders of... 


Photo of Martin Creamer
On-The-Air (01/03/2024)
1st March 2024 By: Martin Creamer

Martin Creamer discusses gold mining project and two huge wind and sun energy projects. 


Diamcor diamonds
Diamcor reports a $1m loss for the third quarter
1st March 2024 By: Darren Parker

Junior diamond mining company Diamcor Mining has reported a net loss of about $1-million, or about $0.01 a share, for the quarter ended December 31, 2023. This compares with a net loss of $386 619... 


Centaurus defers Brazil downstream refinery study
Centaurus defers Brazil downstream refinery study
1st March 2024 By: Mariaan Webb

Amid a dramatic change in nickel market conditions over the past few months, Australia’s Centaurus Metals has deferred plans for a nickel sulphate refinery in Brazil and will instead focus on a... 


An image of SA Bullion co-CEOs Imran and Clint O'Brien
Gold demand and price increase promising for industry
1st March 2024 By: Trent Roebeck

Gold has proven to be an enduring and reliable asset, especially during challenging times, with demand for gold by central banks remaining stable in 2023, which is likely to continue this year, say... 


A generic image of a mine surrounded by animals and natural vegetation
Noncompliance causing environmental damage
1st March 2024 By: Lumkile Nkomfe

With the need to improve environmental protection standards in South Africa’s mining sector casting a spotlight on implementation and compliance thereof, law firm Webber Wentzel partner and... 


DBSA’s new Project Vumela financing instrument to help municipalities fund bulk infrastructure investment
1st March 2024 By: Darren Parker

Development finance institution the Development Bank of Southern Africa (DBSA) has introduced a new financing instrument called Project Vumela, which blends municipal revenue sources with financing... 


Infrastructure finance, implementation support agency for PPPs in the offing
1st March 2024 By: Darren Parker

The National Treasury has revealed the planned establishment of an infrastructure finance and implementation support agency during the 2024/25 fiscal year to coordinate the planning and preparation... 


Photo of Terence Creamer
Full transparency
1st March 2024 By: Terence Creamer

The decision to drawdown R150-billion from the Gold and Foreign Exchange Contingency Reserve Account (GFECRA) to reduce government borrowings and surging debt-servicing costs was the major feature... 


Image of periodic symbol for uranium
Kayelekera uranium restart project, Malawi – update
1st March 2024 By: Sheila Barradas

Lotus Resources plans to raise $30-million through the issue of 100-million new shares at $0.30 apiece to strategic investors to accelerate the restart works at Kayelekera mine. 


Image of gold ore
Twin Hills gold project, Namibia – update
1st March 2024 By: Sheila Barradas

On February 25, 2024, Osino and Yimtai announced that that they had entered into a binding arrangement – the Yintai Arrangement Agreement – pursuant to which Yintai will acquire all the outstanding... 


M&R to report narrowed losses, improved capital structure
29th February 2024 By: Schalk Burger

JSE-listed engineering and contracting services company Murray & Roberts (M&R) on February 29 said it has made meaningful progress towards implementing a sustainable capital structure. In a trading... 


Implats CEO Nico Muller
Implats expecting phased reduction in group output
29th February 2024 By: Martin Creamer

A phased reduction in group output owing to a probable decline in production from Impala Canada and Mimosa in Zimbabwe is likely from platinum group metals (PGMs) mining and marketing company... 


Kropz's Elandsfontein mine
Kropz appoints new financial manager
29th February 2024 By: Marleny Arnoldi

Aim-listed phosphate miner Kropz has appointed chartered accountant Werner Greyling to succeed Louis Swart as financial manager, with effect from March 1. Swart will, however, assist the company in... 


Jupiter CEO Brad Rogers
Jupiter exceeds dividend policy with latest interim payout
29th February 2024 By: Marleny Arnoldi

ASX-listed Jupiter Mines has declared an interim dividend of A$0.01, after receiving a R142-million, or A$11-million, dividend from Tshipi é Ntle Manganese Mining. Jupiter will also receive... 


Anglo American's Africa and Australia Regional Director Themba Mkhwanazi.
Project finance clinched for 520 MW South African wind, solar projects – Anglo
29th February 2024 By: Martin Creamer

Johannesburg- and London-listed diversified mining and marketing company Anglo American announced on Thursday that jointly owned renewable energy venture with EDF Renewables, Envusa Energy, has... 


BHP to restructure some global corporate roles as it looks to trim costs
BHP to restructure some global corporate roles as it looks to trim costs
29th February 2024 By: Reuters

The world's biggest listed miner BHP said on Thursday it was disbanding some global teams and transferring those roles covering functions including planning, environment and heritage protection to... 


Harmony Gold FD Boipelo Lekubo.
Green energy integrated into Harmony Gold operations, uranium surprises on upside
29th February 2024 By: Martin Creamer

Green electrons are being generated as planned at Harmony Gold’s 30 MW first phase of renewable energy generation, which is now fully integrated into the mining company’s Tshepong South and North... 


South32 CEO Graham Kerr
South32 exits coal with Australia’s Illawarra sale
29th February 2024 By: Mariaan Webb

Diversified mining company South32 on Thursday announced the $1.65-billion sale of its Illawarra assets, in Australia, marking the group’s exit from coal and aligning with a strategy that... 


Harmony Gold CEO Peter Steenkamp.
Harmony Gold board approves R7.9bn project on back of superb half-year results
28th February 2024 By: Martin Creamer

The board of mining company Harmony Gold has approved the commencement of a R7.9-billion life-of-mine (LoM) extension project at the rich Mponeng gold mine in the West Wits region of South Africa's... 


AECI CEO Holger Riemensperger
Amid disposals, AECI aligns internationalisation strategy to regions geared for rapid critical minerals growth
28th February 2024 By: Terence Creamer

JSE-listed AECI, which is undergoing far-reaching restructuring to re-focus on its core mining and chemicals businesses and reduce debt, reports strong initial interest in the six noncore companies... 


Resources Watch
Resources Watch
28th February 2024

This week: Glencore pleased with its performance against the backdrop of lower commodity, energy prices and, Rich new Copper 360 discovery points to big Chile-type copper mine potential  


An image showing ARM's Two Rivers operation
ARM warns of lower interim earnings on the back of lower prices
28th February 2024 By: Tasneem Bulbulia

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... 


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pqt: 7.046s - ct: 7.16s - 470pq - 4rq
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