New owners of precision casting company drive technology, skills investment

Following a takeover of Rely Precision Castings by a new group of shareholders, the company is undergoing a renewed market expansion drive with investment into technology, and development of a... 

Gold-backed ETFs record ninth month of outflows

Gold-backed exchange-traded flows (ETFs) recorded another outflow in February, extending their losing streak to nine months, with North America in the lead. Total assets under management... 

DRA Global promotes Coetzee to executive director position

Engineering consultancy DRA Global has appointed nonexecutive director Val Coetzee as director of process and technology – an executive position – effective immediately. He will oversee the... 

Tietto goes from strength to strength following ‘undervalued’ takeover offer

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... 

Barrick partners with DRC-based oversight body to advance local content intiatives

Global miner Barrick Gold Corporation’s Kiballi gold mine, in the Democratic Republic of Congo (DRC), has partnered with the oversight body of the subcontracting sector, the Autorite de Regulation... 

MC Mining commissions independent report to further investigate Goldway offer

Further to MC Mining’s Independent Board Committee last week recommending that shareholders not accept a takeover offer from Goldway Capital Investment, MC Mining has released its formal target... 

PTM shareholders show strong support for new directors

TSX- and NYSE-listed Platinum Group Metals (PTM) has announced its board of directors as voted for by shareholders at an annual general meeting on February 29, which had a turnout of shareholders... 

Marula makes maiden investment in Kenya to acquire a 60% interest in manganese mine

Battery metals miner Marula Mining has signed a binding term sheet with Kenyan manganese mine operator Gems and Industrial Minerals (GIM) to acquire a 60% commercial interest in the Larisoro mine,... 

New chemical tech at Barrick’s Buylanhulu mine results in cleaner tailings, better recoveries

Following a successful trial of chemical technologies provider Draslovka’s GlyCat glycine leaching technology at global miner Barrick Gold’s Buylanhulu mine, in Tanzania, the gold miner has started... 

M&R Cementation unveils mock-up underground mine training facility

Mining contractor Murray & Roberts (M&R) Cementation has unveiled its new mechanised mining mock-up facility, which serves to provide equipment operators and supervisors with a more realistic... 

Galileo reaches 80% shareholding in Zim-focused BC Ventures

London-listed Galileo Resources has met all conditions required to acquire an additional 51% shareholding in BC Ventures, which, coupled with its existing 29% shareholding, now adds up to an 80%... 

Kropz appoints new financial manager

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 exceeds dividend policy with latest interim payout

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... 

West African Resources upgrades planned production to more than 4Moz over the next decade

ASX-listed West African Resources expects to produce more than four-million ounces of gold over the next ten years, with production to peak at about 473 000 oz/y in 2029. The company owns the... 

Eastport appoints mining veteran Birchall as CEO

Canadian miner Eastport Ventures has appointed Robin Birchall CEO effective immediately. He brings to the board more than 20 years of experience in the investment banking sector within the mining... 

Another Salungano subsidiary enters business rescue

JSE-listed Salungano Group has advised that its indirect subsidiary Keaton Mining has filed for business rescue. Keaton Energy Holdings, which is a wholly-owned subsidiary of Salungano and the... 

Ionic finds promising rare earth intersections, expands exploration target at Makuutu

ASX-listed Ionic Rare Earths has identified 69 holes with clay-hosted rare earth intersections above the current resource cut-off across three licences at the Makuutu rare earths project, in... 

Ivanhoe posts record normalised profit, adjusted earnings for 2023

Canadian miner Ivanhoe Mines has reported a record normalised profit of $388-million, as well as record adjusted earnings of $604-million for 2023. The Kamoa-Kakula operation, in the Democratic... 

Oriole confirms high-grade mineralisation at Mbe from partner’s soil sampling

Sub-Saharan African miner BCM International Group has uncovered gold mineralisation grading 256 g/t from outcrop sampling and 25.1 g/t gold from pit sampling over a 3-km-long target on the Mbe gold... 

AngloGold reports dip in full-year profit, but strong free cash flow generation and production

Diversified miner AngloGold Ashanti has reported a strong performance in the 2023 financial year, having achieved production guidance at 2.6-million ounces and $109-million of free cash flow. The... 

Xtract concludes Manica disposal

Aim-listed Xtract Resources has concluded the disposal of its entire interest in the Manica gold project, in Mozambique. The company in January agreed terms for the disposal of its 23% net profit... 

Ironveld receives financing interest from South African lender

Aim-listed iron-ore, vanadium and titanium miner Ironveld has received a nonbinding term sheet from a South Africa-based financial institution to provide financing for its mine in South Africa’s... 

Thungela warns of lower earnings on back of Ensham deal

JSE-listed coal miner Thungela Resources has informed shareholders that its earnings per share (EPS) for the year ended December 31 will be between R88 and R93 lower, at between R34 and R39 apiece,... 

Perseus posts 21% increase in interim profit

ASX- and TSX-listed Perseus Mining has posted an 18% year-on-year improvement in earnings before interest, taxes, depreciation and amortisation to $280-million, as well as a 21% increase in profit... 

Shipping company to help boost South African citrus exports

The Citrus Growers Association of Southern Africa (CGA) has welcomed the announcement that global liner shipping company Hapag-Lloyd will be helping to export citrus from the ports in Durban and... 

Gold Fields posts higher full-year earnings, maintains dividend at R7.45

JSE- and NYSE-listed Gold Fields has declared a total dividend of R7.45 a share for the year ended December 31, with $703-million in attributable profit having been generated. The attributable... 

Glencore pleased with its performance against the backdrop of lower commodity, energy prices

Global mining company Glencore has recommended a $0.13 a share, or $1.6-billion, base cash distribution to shareholders for the 2023 financial year, comprising $1-billion from marketing cash flows... 

Tsodilo confirms subsidiary can proceed with PEA in Botswana following litigation

TSX-V-listed Tsodilo Resources has confirmed that its subsidiary Gcwihaba Resources can proceed with concluding a preliminary economic assessment (PEA) on a prospecting licence, in Botswana,... 

Gem Diamonds recovers third diamond greater than 100 ct this year

London-listed Gem Diamonds has recovered a high-quality 113 ct white Type II diamond from the Letšeng mine, in Lesotho. This follows recoveries of a high-quality 295 ct white Type II diamond and a... 

Altona diversifies into other critical materials

While London-listed Altona Rare Earths advances its Monte Muambe rare earths project, in Mozambique, the company has also decided to pursue a balanced portfolio of critical raw materials projects... 

Consultancy laments R10bn/y deficit in exploration investment against govt target

Despite the South African government having set a target to attract 5% of global exploration spend within five years from 2019, the country attracted just 0.8% of global exploration spend in 2022... 

SPR commits to paying full $12.5m owed to Bushveld by end-Feb

Aim-listed vanadium producer Bushveld Minerals has recieved an additional R76-million, or $4-million, from Southern Point Resources (SPR) in respect of a subscription agreement; however, SPR... 

Amplats attains IRMA standard for three platinum mines in Southern Africa

Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) has passed the audit for Initiative for Responsible Mining Assurance’s (IRMA’s) comprehensive mining standard for two of its... 

New Gautrain CEO starts steering strategic expansions

Gautrain Management Agency CEO Tshepo Kgobe has assumed his role as of February 1, following the company’s announcement to this effect in September last year. He previously served as COO of... 

Ariana mulls further involvement in Zim project following due diligence drilling

Aim-listed Ariana Resources has completed 1 222 m of diamond drilling for due diligence purposes on the Dokwe gold project, in Zimbabwe. The company is targeting the Dokwe North and Dokwe Central... 

Sovereign brings seasoned ESG officer on board for Kasiya development

ASX- and Aim-listed titanium and graphite miner Sovereign Metals has appointed Marco Da Cunha as lead environmental, social and governance (ESG) officer. Da Cunha has almost 20 years’ experience in... 

MC Mining independent board committee advises against proposed Goldway takeover

JSE-, ASX- and Aim-listed MC Mining’s Independent Board Committee (IBC) has advised that shareholders should not accept a takeover offer from Goldway Capital Investment. Goldway in early February... 

De Beers’ innovative approach to safety ensures 10m fatality-free shifts at Venetia

Diamond miner De Beers’ Venetia mine, near Musina, Limpopo, has reached 10.2-million fatality-free shifts, which safety manager Gavin Anderson deems remarkable given the mine’s transition from... 

Sibanye attains A- rating for water management, climate change disclosures

JSE- and NYSE-listed Sibanye-Stillwater has attained an A- rating for its water security and climate change disclosures by Carbon Disclosure Project (CDP) for the 2023 assessment period. CDP is a... 

Mintek acquires laser bed fusion 3D printer

National mineral research council Mintek has acquired a laser powder bed fusion three-dimensional (3D) printer, which positions the organisation as a unique player in the mineral processing and...