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Darren Parker is a Creamer Media Contributing Editor Online for Engineering News and Mining Weekly.
South Africa looks to Japanese collaboration on green hydrogen development
The Japan External Trade Organisation (Jetro) this week hosted key South African private and public sector delegates and a high-profile Japanese business delegation at a green hydrogen seminar, in...
Infrastructure finance, implementation support agency for PPPs in the offing
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...
Akobo finalises debt restructuring agreement
Scandinavia-based gold exploration and mining company Akobo Minerals, which has operations in Ethiopia, has finalised an agreement regarding completion of its debt restructuring. This follows the...
Tertiary signs JV agreement to form new Zambian copper exploration company
Aim-listed Tertiary Minerals has signed a new joint venture (JV) agreement with local partner Mwashia Resources that will consolidate ownership of the Jacks, Mukai and Mushima North copper...
Disappointing results from world’s top miners highlight market challenges, Tickmill says
The underwhelming results from two of the largest global multinational mining and commodity companies Anglo American and Glencore, which both released their 2023 financial and preliminary results...
Base says Kwale on track to achieve production guidance
African mineral sands producer and developer Base Resources has reported that its Kwale operation, in Kenya, continued to perform to plan and remains on track to achieve production guidance for the...
Sibanye reports 55.1% increase in lithium carbonate equivalent resources
JSE- and NYSE-listed Sibanye-Stillwater has reported a 55.1% increase in attributable lithium mineral resources as at the end of last year, along with a general expansion and diversification of its...
Transnet problems force Kumba to moderate output
Anglo American subsidiary Kumba Iron Ore CE Mpumi Zikalala has reiterated that State-owned Transnet’s rail performance challenges have placed so much pressure on Kumba’s value chain that the...
Kamoa-Kakula, Trafigura become first Lobito railway corridor customers
The Kamoa-Kakula Copper Complex, in the Democratic Republic of Congo (DRC), and commodities trader Trafigura have both signed a term sheet outlining the key terms for a reserve capacity agreement...
Anglo achieves its best ever safety record, but reiterates commitment to zero harm
Mining major Anglo American has achieved its lowest ever total recordable injury frequency rate of 1.78 in 2023, down from 2.19 in 2022, along with the company’s lowest ever monthly rate of 0.91 in...
Anglo to focus on cost cutting following disappointing 2023 performance
Mining major Anglo American chairperson Stuart Chambers and CEO Duncan Wanblad have both expressed disappointment with the company’s financial results for 2023, which were released on February 22....
Integration of Vale’s Serpentina resource has potential to expand Anglo’s Minas-Rio output
Diversified miner Anglo American has agreed to acquire, from Brazilian iron-ore miner Vale, the high-quality Serra da Serpentina iron-ore resource and integrate it into its contiguous Minas-Rio...
Mining tax revenue down by 50.4% y/y
With various commodity prices taking a nosedive over the past year, windfall tax gains from high commodity prices over the preceding two years have come to an end, resulting in a sharp fall in...
Criminal Asset Recovery Fund, not fiscus, to fund SANDF’s war on illegal mining
The Portfolio Committee on Defence and Military Veterans has claimed that the deployment of the South African National Defence Force (SANDF) in support of the South African Police Service to...
Amplats restructuring may impact 3 700 jobs after 71% y/y earnings decline
Despite the “extensive measures” already taken by platinum group metals (PGMs) miner Anglo American Platinum (Amplats) to ensure its survival, the company has announced a proposed restructuring...
Petra sold $47.8m worth of diamonds in fourth tender
Diamond producer Petra Diamonds sold 428 900 ct for $47.8-million during its fourth tender cycle of the 2024 financial year. This represents a 4% increase in like-for-like prices compared with the...
Can SA mining prevent more hostage dramas in 2024?
Since October of last year, several unlawful underground protests have raised serious concerns about the potential emergence of a new trend in which frustrated underground mineworkers turn to...
Metals and engineering employers, trade unions sign landmark relationship agreement
Employers and trade unions who attended a Metal and Engineering Industries Bargaining Council (MEIBC) meeting on January 31 have signed a landmark process or relationship agreement, paving the way...
Can SA mining prevent more hostage dramas in 2024?
Since October of last year, several unlawful underground protests have raised serious concerns about the potential emergence of a new trend in which frustrated underground mineworkers turn to...
DRDGOLD reports near R1bn operating profit despite 7% production dropoff
Despite its gold production for the six months to December 31, 2023, having decreased by 7%, owing to a 13% drop in throughput, DRDGOLD managed to return an operating profit of R909.3-million, with...
DRDGOLD says dust control measures seem to be working
JSE-listed DRDGOLD has reported that only 0.6% out of 632 dust monitoring sites registered an exceedance in terms of the stipulated regulatory thresholds across its operations. “Because our...
South Africa looks to Japanese collaboration on green hydrogen development
The Japan External Trade Organisation (Jetro) this week hosted key South African private and public sector delegates and a high-profile Japanese business delegation at a green hydrogen seminar, in...
Premier publishes new mineral resource estimate for Zulu project
Aim-listed Premier African Minerals has published a new South African Mineral Resource Committee- (Samrec-) compliant mineral resource estimate (MRE) for its wholly-owned Zulu lithium and tantalum...
Akobo secures NKr6-million bridge loan from shareholders
Scandinavian gold exploration and mining company Akobo Minerals has secured a NKr6-million bridge loan. As part of the ongoing efforts to secure new funding, the company said on February 9 that it...
Barrick grows its reserve base for third successive year
NYSE- and TSX-listed Barrick Gold has reported growth in attributable proven and probable gold mineral reserves by five-million ounces before 2023 depletion, while also striving to maintain the...
Downstream companies implore ArcelorMittal South Africa, govt to avoid long steel plant closures
The South African downstream steel industry has urgently appealed to both steel producer ArcelorMittal South Africa (AMSA) and the government to find immediate solutions that will allow the...
African Pioneer extends Ongombo prospecting licence, upgrades mineral resource estimate
London-listed exploration and resource development company African Pioneer has been notified that the exclusive prospecting licence (EPL) 5772, 40 km northeast of Windhoek, Namibia, has been...
De Beers’ fourth-quarter rough diamond production down 3% y/y
Diamond producer De Beers reported on February 8 that its 2023 fourth-quarter rough diamond production had decreased by 3% year-on-year to 7.9-million carats, primarily owing to the planned...
Transnet problems force Kumba to moderate output
Anglo American subsidiary Kumba Iron Ore CE Mpumi Zikalala has reiterated that State-owned Transnet’s rail performance challenges have placed so much pressure on Kumba’s value chain that the...
Madison reports high-grade uranium discovery at Khan
Upstream uranium mining and exploration company Madison Metals has discovered a high-grade uranium mineralisation at Anomaly 5, located within the company’s Khan project at Madison West in...
Goldplat’s Ghana business excels while South African op stumbles
Aim-listed mining services group Goldplat has reported an “exceptional” second quarter at its gold recovery business in Ghana, achieving an operating profit of £1.82-million, up from about...
Bora buys into Steenkampskraal as strategic partner
Mining services company Bora Mining Services (BMS) has acquired a share in the Steenkampskraal monazite mine, in the Western Cape, for an undisclosed sum as a strategic partner. The partnership...
Mingomba discovery highlights value of Konkola West by proximity
Aim-listed Tertiary Minerals has highlighted the promise of its Konkola West copper project, in Zambia, thanks to its close proximity to the Bill Gates and Jeff Bezos-backed KoBold Metals’ Mingomba...
Kamoa-Kakula, Trafigura become first Lobito railway corridor customers
The Kamoa-Kakula Copper Complex, in the Democratic Republic of Congo (DRC), and commodities trader Trafigura have both signed a term sheet outlining the key terms for a reserve capacity agreement...
DRDGold to report higher interim earnings, despite cost increases
JSE-listed gold mining company DRDGold, which is in the process of finalising its results for the six months ended December 31, expects to report a 5% to 15% year-on-year increase in earnings per...
Red Rock hopes to end $10m arbitration in the DRC this week
Aim-listed Red Rock Resources has reported that closure is imminent with regard to its arbitration over a $10-million claim being pursued in the Democratic Republic of Congo (DRC) over its interest...
Energy shortage presents mining industry with opportunities, pivotal choices
The energy challenges facing mining companies in South Africa have given rise to significant opportunities, strategic management consulting firm Boston Consulting Group partner Rudi van Blerk says....
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