Quantum Battery signs letter of intent to acquire Copper Coffer property

Battery metals mining company Quantum Battery Metals has signed a nonbinding letter of intent (LoI) to acquire the Copper Coffer property, in Newfoundland, Canada. The LoI details the proposed... 

Centamin achieves 25% y/y increase in Ebitda

Established gold miner Centamin achieved a 25% year-on-year increase in adjusted earnings before interest, taxes, depreciation and amortisation to $398-million for the year ended December 31, 2023,... 

Perpetua to sell silver royalty for $8.5m

TSX-listed Perpetua Resources has entered into a royalty agreement with a wholly-owned subsidiary of Franco-Nevada pursuant to which Perpetua, through its subsidiaries, sold Franco-Nevada a royalty... 

Sibanye suspends production at shaft in Rustenburg following damage to infrastructure

JSE- and NYSE-listed Sibanye-Stillwater has suspended production from its Siphumelele shaft, in Rustenburg, South Africa, after some surface infrastructure suffered damage on February 29. An ore... 

Sovereign despatches 30 t of ore from Malawi project to South Africa for test work

Aim- and ASX-listed Sovereign Metals’ spiral drilling programme has extracted, despatched and delivered 30 t of ore from the Kasiya rutile/graphite project in Malawi to Paterson & Cooke (P&C), in... 

Minerals Council outlines work done to support mineworkers with occupational lung diseases

Industry organisation the Minerals Council South Africa has welcomed comments by Health Minister Dr Joe Phaahla in support of the continued collaboration between the council and the National... 

DMRE confirms acceptance of Marula's Blesberg mining right application

Mining and development company Marula Mining says the Department of Mineral Resources and Energy (DMRE) has confirmed acceptance of the company's mining right application for the Blesberg lithium... 

AngloGold swings to loss on lower gold sales, higher costs

Gold miner AngloGold Ashanti recorded a basic loss of $235-million or $0.56 a share, for the year ended December 31, 2023, compared with basic earnings of $233-million, or $0.55 a share, for the... 

Saturn Resources increases its offer for Shanta shares

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,... 

Sibanye-Stillwater completes acquisition of Reldan

Diversified miner Sibanye-Stillwater's acquisition of the Reldan Group of Companies has been successfully concluded for a final cash purchase consideration of $155.9-million. Sibanye in November... 

Retired Tiffany & Co exec appointed to Diamcor’s board

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.... 

Thungela delivers strong financial performance despite rail, price headwinds

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.... 

Critical Mineral Resources raises £250 000 to develop Moroccan permit

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... 

MC Mining achieves interim revenue growth despite challenging coal market

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... 

Thungela launches fish breeding facility in wake of mine-affected water spill

Coal producer and exporter Thungela on February 23 launched a fish breeding facility at the Loskop Dam Nature Reserve, in Mpumalanga. The facility was pursued in congruence with efforts to restore... 

Resolute Mining maintains mineral resources owing to exploration success

ASX- and London-listed Resolute Mining has published its Annual Ore Reserve and Resource Statement as at December 31, 2023, which indicates that total mineral resources have been maintained at... 

Kavango to start earning revenue from Zimbabwe project

London-listed Kavango Resources has formed a new subsidiary in Zimbabwe, Kavango Mining, which will become its mining arm in the country. Moreover, the company has signed its first contract to... 

Mining-sector trade unions dismayed by retrenchments

Trade unions the Association of Mineworkers and Construction Union (AMCU) and the National Union of Mineworkers (NUM) have expressed their dissatisfaction with the plans announced by various mining... 

Mantengu to issues shares to settle R7.5m creditors balance

JSE-listed Mantengu Mining will issue 4.98-million shares to its creditors, to settle its R7.5-million creditor balance. This comes as certain parties to loan contracts, which the company... 

Ionic nearing first production in Uganda

ASX-listed Ionic Rare Earths has completed construction and commissioning of Phase 1 of the technical facility and demonstration plant at its Makuutu rare earths project, in Uganda. Makuutu is... 

Gold Fields completes divestment of interest in Ghana gold mine

Gold miner Gold Fields has concluded the sale of its 45% effective interest in the Asanko mine, in Ghana, to Galiano Gold for $170-million plus a 1% net smelter royalty (NSR) on future production... 

Kefi raises £495 916 as part of capital raise for Tulu Kapi

Aim-listed Kefi Gold and Copper, which owns projects in Ethiopia and Saudi Arabia, announces that a retail offer through PrimaryBid has been successfully completed, raising gross proceeds of about... 

Firering completes RC drilling campaign at Côte d’Ivoire project

Aim-listed Firering Strategic Minerals has completed a 3 000 m reverse circulation (RC) drilling campaign at Atex, its flagship lithium project, in Côte d’Ivoire. The campaign entailed the drilling... 

Merafe’s shares rise on higher earnings expectations

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... 

Tackling illegal mining key to sustainability of the mining industry

Illegal mining is one of the biggest constraints threatening the sustainability of the South African mining industry and, while this challenge is considerable, it is not insurmountable. There are... 

ARM warns of lower interim earnings on the back of lower prices

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... 

FEED study confirms exceptionally good economics for Aura’s Mauritania project

ASX- and Aim-listed Aura Energy’s recently completed front end engineering design (FEED) study for the Tiris uranium project, in Mauritania, has confirmed “excellent” economic returns, the company... 

Thungela launches fish breeding facility in Mpumalanga

Coal producer and exporter Thungela on February 23 launched a fish breeding facility at the Loskop Dam Nature Reserve, in Mpumalanga. The facility was pursued in congruence with efforts to restore... 

Appian appoints UK politician as strategic adviser; forms partnership with SAFE

Investment adviser Appian Capital has appointed Dominic Raab as senior strategic adviser on global affairs. In this newly created role, he will support Appian on geopolitical strategy and risk,... 

Perseus enters into co-investment cooperation agreement with Saudi company

ASX- and TSX-listed Perseus Mining has entered into a cooperation agreement with Ajlan & Bros Mining & Metals Company (ABM), the mining division of Saudi Arabia-based investment conglomerate... 

Sibanye incurs $2.58bn in impairments on lower metals prices

Multinational mining and metals processing group Sibanye-Stillwater has incurred impairments of $2.58-billion, or about R47.45-billion, for the 2023 financial year, on the back of the deterioration... 

South Africa’s IDC begins due diligence work for Qala Shallows project funding

South African development finance institution the Industrial Development Corporation (IDC) has begun work to complete its due diligence investigation as part of its proposed R300-million (about... 

Unions express dismay over mining sector retrenchments

Trade unions the Association of Mineworkers and Construction Union (AMCU) and the National Union of Mineworkers (NUM) have expressed their dissatisfaction with the plans announced by various mining... 

Kumba weathers headwinds but 490 jobs at risk as it reconfigures business

Anglo American subsidiary Kumba Iron Ore delivered solid operational and financial results for the year ended December 31, 2023, despite macroeconomic challenges; however, about 490 jobs could be... 

UCT research aims to help stakeholders mitigate mine closure risks

Research published in the International Journal of Mining by University of Cape Town (UCT) Future Water Institute academic Dr Megan Cole has indicated that 48 of South Africa’s 230 operating mines... 

Copper 360 raises about R100m in additional funding

JSE-listed Copper 360, formerly Big Tree Copper, has raised additional funding of R99.8-million through the issue of shares for cash on certain terms and conditions, aligned to the company’s... 

Lucara signs new ten-year diamond sales agreement with HB Group

Canadian mining company Lucara Diamond Corp has entered into a new diamond sales agreement (NDSA) with processer and trader HB Group out of Antwerp, Belgium, in respect of qualifying “special”... 

Vedanta starts provision of funding to KCM in Zambia

Global natural resources company Vedanta Resources has started providing funding to Konkola Copper Mines (KCM), in Zambia, and has disbursed its first $25-million for employee salaries, contract... 

Long stop date for Xtract’s disposal of Mozambique project extended

Aim-listed Xtract Resources says the long stop date in relation to the disposal of its entire interests in the Manica gold project, in Mozambique, has been extended from February 15 to February 23... 

First Quantum exercises option over two licences in Zambia

Canada-based First Quantum Minerals (FQM) has exercised its option over the remaining two licences in the Central Africa Copperbelt from an object agreement with London-listed African Pioneer’s...