South African PGMs explorer raises $19m in IPO ahead of listing on ASX, JSE

South Africa-based minerals explorer Southern Palladium, which is focused on platinum group metals (PGM) and which is headed up by MD Johan Odendaal and chairperson Terence Goodlace, has raised... 

Contango's Zimbabwe coal project starts production

Production has started at London-listed natural resource development company Contango Holdings' Lubu coking coal project, in Zimbabwe. Production is under way on Block 2, which was selected given... 

Wescoal puts Vanggatfontein on care and maintenance as it struggles to secure Eskom CSA extension

Coal miner Wescoal has decided to put its Vanggatfontein Colliery on care and maintenance while it tries to secure an extension to a coal supply agreement (CSA) with power utility Eskom. Wescoal... 

Strong diamond market pushes Lucara's full-year revenue, Ebitda higher

Vancouver-headquartered Lucara Diamond Corporation achieved a more than five-fold year-on-year increase in adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) to... 

Community protests halt construction at Wesizwe's Bakubung mine

Platinum group metals (PGMs) development company Wesizwe Platinum on February 8 informed shareholders that community protests have interrupted the development of its Bakubung mine. It noted that... 

Construction starts on renewable energy project for Rio Tinto's Madagascar mine

The government of Madagascar and Rio Tinto QIT Madagascar Minerals (QMM) on December 10 celebrated the start of construction of a solar and wind energy project that will supply the ilmenite mine... 

Sibanye advances buyout of Sandouville asset

Precious and green metals company Sibanye-Stillwater has signed a share purchase agreement (SPA) to acquire the Sandouville nickel hydrometallurgical processing facility from French mining and... 

Lucara reports strong third-quarter production, revenue growth

Diamond miner Lucara Diamond Corp's Karowe mine, in Botswana, produced 97 412 ct of diamonds in the third quarter ended September 30, compared with the 88 909 ct produced in the third quarter of... 

Lower PGM, gold prices result in 5% y/y decrease in Sibanye's third-quarter Ebitda

Despite a solid operational performance in the third quarter ended September 30, lower average platinum group metal (PGM) and gold prices resulted in a decrease in precious and battery metals... 

Gem lowers full-year production guidance

London-listed Gem Diamonds, which operates the Letšeng mine, in Lesotho, has lowered its production guidance for the full-year to December 31 to between 110 000 ct and 114 000 ct, compared with the... 

Sibanye expands tailings retreatment exposure through 20% stake in Australian company

JSE- and NYSE-listed Sibanye-Stillwater has entered into investment agreements to acquire a 19.99% shareholding in ASX-listed New Century Resources, which owns the Century tailings zinc retreatment... 

RBPlat's shares rise on buyout offer from Implats

Platinum group metals (PGMs) miner Royal Bafokeng Platinum's (RBPlat's) share price on the JSE rose by more than 23% on Wednesday morning after shareholders were informed that fellow PGMs miner... 

Petra records good first-quarter revenue growth

London-listed Petra Diamonds achieved good revenue growth of 48% year-on-year  to $114.9-million for the quarter ended September 30 – the first quarter of Petra's 2022 financial year. "The company... 

De Beers tightens full-year output guidance at 32m carats

Diamond miner De Beers expects to produce about 32-million carats for the full-year, which is at the lower end of its initial guidance of 32-million to 33-million carats. Reporting on its... 

Amplats reports 'strong' Q3 performance, remains on track to meet FY guidance

Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) remains on track to meet its full-year production and sales targets after a strong third-quarter performance.... 

Kazera to acquire a controlling interest in South African mineral sands company

Aim-listed investment company Kazera Global will acquire a 60% interest in Whale Head Minerals (WHM), which owns two heavy mineral sands (HMS) opportunities in the Port Nolloth/Alexander Bay area... 

Mkango restores full ownership of Songwe Hill, raises £5.52m

Aim- and TSX-V-listed Mkango Resources will restore its ownership of the Songwe Hill rare earths project, in Malawi, to 100%, which chairperson Derek Linfield says will strengthen the company's... 

Botswana delivers another diamond larger than 1 000 ct

Diamond miner Lucara Diamond Corp has recovered a 1 174.76 ct diamond from its Karowe mine, in Botswana. It is the third diamond weighing more than 1 000 ct to be recovered from South Lobe of the... 

Thousands register for job opportunities at NMP's Sandpiper project

More than 6 000 people have registered for future job opportunities at emerging marine phosphate miner Namibian Marine Phosphate's (NMP's) Sandpiper project, in Namibia. NMP in October launched a... 

AngloGold says will achieve strong yearly free cash flow performance

Gold miner AngloGold says it is on track to build on the robust free cash flow of $516-million in the first nine months of the year and is expected to post its strongest annual free cash flow... 

Pan African appoints juwi South Africa as EPC contractor for R140m Evander solar PV plant

Gold miner Pan African Resources has entered into an engineering, procurement and construction (EPC) agreement with juwi South Africa to build a 9.975 MW solar photovoltaic (PV) plant at its... 

Tirupati raises funds

Specialist graphite and graphene producer Tirupati Graphite has raised £890 000 as part of an offer to retail investors to participate in the company's initial public offering on equal terms to... 

Froneman promotes digital first strategy for mining companies

Precious metals miner Sibanye-Stillwater has undertaken a digital first approach for the organisation, with considerable value to be unlocked from a capital as well as an environment, social and... 

Glencore’s DRC settlements should allay fears about asset seizure – analyst

Diversified miner Glencore’s settlement, this week, of various disputes with entities in the Democratic Republic of Congo (DRC), should allay investor concerns about the risk of a seizure of its... 

Barclays Africa plans Kenya gold ETF listing early this year

Barclays Africa Group is preparing to list its NewGold ETF on the Nairobi Securities Exchange after receiving regulatory approval to begin trading the securities. “We expect the listing to take... 

Peak Resources sees bright future for Tanzania magnet metals project

A focus on high-value rare earths and the use of a tailor-made beneficiation process bodes well for Tanzania-focused Peak Resources. The ASX-listed company is developing the Ngualla rare earths... 

Glencore's Mopani warns of possible investment cuts, job losses as VAT refunds withheld

The CEO of Zambia-focused Mopani Copper Mines has warned that the withholding of value-added tax (VAT) refunds due to copper mining companies by the Zambian government, may negatively impact the... 

Rio Tinto H1 earnings down amid softer commodity prices

Lower commodity prices in the six months to June 30 contributed to diversified mining giant Rio Tinto reporting lower earnings for the period. The group on Thursday posted a 71% drop in first-half... 

New Cesa CEO aims to strengthen measures to counter corruption

As the new CEO of Consulting Engineers South Africa (Cesa), Lefadi Makibinyane has made it his primary focus to ensure that the consulting engineering sector delivers quality service and that there... 

Govt’s effectiveness in stabilising mining sector questioned

Government had failed to play an effective facilitative role and to create a predictable and stable environment in the local mining industry, Webber Wentzel partner and head of Africa mining and... 

Government’s effectiveness in stabilising mining sector questioned

Government has failed to play an effective facilitative role and to create a predictable and stable environment in the local mining industry, Webber Wentzel partner and head of Africa mining and... 

Centamin to pursue further opportunities in Ethiopia

Egypt-focused gold miner Centamin, which is facing ownership challenges at its flagship Sukari mine, could diversify geographically and was considering further opportunities in Ethiopia. Aim-listed... 

Goldplat to start development on third recovery operation by year-end

With its two existing gold recovery operations in Africa performing “solidly”, Aim-listed Goldplat was planning to start development on a third such operation by the end of this year. In a... 

Botswana Diamonds granted exclusivity period extension

Aim-listed Botswana Diamonds has been granted an extension to an agreement, signed in February, providing it with a three-month exclusivity period to review data on 13 licence blocks in the Gope... 

Gem Diamonds Q1 output down 38% on lower grades

LSE-listed Gem Diamonds’ output for the first quarter of 2013 fell by 38% to 18 775 ct, compared with the 30 181 ct in the fourth quarter of 2012, mainly owing to the lower quality diamonds mined... 

Harmony to report lower output for March quarter

Multi-listed Harmony Gold on Monday warned that its gold output for the quarter ended March 31, 2013, would be about 15% lower than the 291 734 oz produced in the quarter ended December 2012. The... 

Range River offer ‘inadequate, opportunistic’ – Firestone

Dual-listed Firestone Energy again on Monday advised its shareholders to reject the hostile takeover offer by ASX-listed Range River Gold. In a statement to shareholders, Firestone CEO David Knox... 

Centamin sets 320 000 oz output target for Sukari

Egypt-focused gold miner Centamin expects to produce 320 000 oz of gold, at a cash operating cost of $700/oz, at its Sukari mine this year. This would represent a 22% increase on the 262 958 oz... 

Penumbra mine on track to reach steady-state production by June

JOHANNESBURG (miningweekly.com) – South African thermal coal producer Continental Coal on Tuesday said its Penumbra coal mine was on track to reach steady-state production of about 63 000 t a month... 

Diamond tender earns Namakwa $970 000

A February tender of rough diamonds produced by Aim-listed Namakwa Diamonds’ South African subsidiaries earned the company about $970 000 in revenue. The company sold 1 962 ct at an average price...