Economic and geopolitical uncertainty supporting strong gold demand and prices

Amid economic uncertainties and rising inflation, total gold demand, including over-the-counter (OTC) demand, reached a new record of 4 899 t in 2023, thereby supporting the highest yearly average... 

Economic and geopolitical uncertainty supporting strong gold demand and prices

Amid economic uncertainties and rising inflation, total gold demand, including over-the-counter (OTC) demand, reached a new record of 4 899 t in 2023, thereby supporting the highest yearly average... 

Rwenzori successfully produces first quantities of mixed rare earth carbonate

Ugandan operating entity Rwenzori Rare Metals (RRM), owner of the Makuutu heavy rare earths project, has successfully produced first quantities of mixed rare earth carbonate (MREC) at its newly... 

Arc Minerals raises £4m

Aim-listed Arc Minerals has raised about £4.14-million in aggregate, before expenses, through the placing of about 210-million shares and a subscription of about 19.78-million subscription shares... 

Tharisa launches its Redox One energy storage business

Integrated resource group Tharisa has launched its Redox One business, which develops long-term energy storage solutions that incorporate the raw materials produced by Tharisa. The company says its... 

Tiris drilling results demonstrate resource growth potential – Aura

Radiometric results from the first 1 612 air core drill holes at ASX- and Aim-listed Aura Energy’s Tiris uranium project, in Mauritania, has demonstrated significant resource growth potential... 

Critical Metals appoints Gordon Thompson as nonexecutive director

Mining company Critical Metals, which is developing the Molulu copper/cobalt mine, in the Democratic Republic of the Congo (DRC), has appointed Gordon Thompson as nonexecutive director and... 

Ministerial committee upholds referral of environmental approval

Morocco-focussed potash development company Emmerson has announced that the Commission Ministérielle de Pilotage has upheld the company's referral of environmental approval and has asked that the... 

BME to start local manufacturing of blasting technology in Western Australia

Having actively built its foundation in the Australian mining market over the past decade, global blasting and explosives specialist BME is ramping up its footprint and capability with facilities... 

MC Mining receives off-market cash takeover proposal

Coal miner MC Mining’s share price on the JSE rose by more than 6% on March 8, after announced that it had received a letter from fellow coal miner Vulcan Resources outlining a non-binding proposal... 

Petra urges discipline among diamond producers to ensure balanced inventory levels

Despite its exposure to various risks and uncertainties, such as rough diamond prices, political instability and liquidity challenges – which could have a material impact on its long-term... 

Minerals Council highlights progress and challenges of women in mining

With the United Nations having designated the theme of this year’s International Women’s Day as ‘Invest in women: Accelerate progress’, Minerals Council South Africa president and chair of the... 

Marula appoints new community relations, development manager in Kenya

Mining and development company Marula Mining has appointed James Mugambi as the community relations and development manager at Muchai Mining Kenya. Mugambi will be working at the Larisoro mine, in... 

Jubilee establishes separate subsidiary boards for its South African, Zambian operations

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.... 

Hitachi Energy, BluVein accelerate the electrification of heavy haul mining fleets through MoU

Global technology group Hitachi Energy and BluVein – an innovator in dynamic charging technology – have signed a memorandum of understanding (MoU) to accelerate the electrification of heavy haul... 

Lucapa recovers two diamonds of over 100 ct each

ASX-listed Lucapa Diamond Company and its partners Endiama and Rosas and Petalas, have recovered two diamonds of over 100 ct each from the terraces of Mining Block 46 at the Lulo mine, in Angola.... 

Caledonia warns of lower full-year profit on the back of one-off items

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... 

ACTOM Distribution Transformers secures order to supply NECRT units to Kamoa copper mine

ACTOM Distribution Transformers recently secured an order for the supply of its neutral electromagnetic couplers with earthing resistors and an auxiliary transformer (NECRTs) to the Kamoa copper... 

Parties sign letter of intent to develop multibillion-dollar corridor connecting Guinea and Liberia

US-based mineral exploration and development company High Power Exploration (HPX), which is backed by Ivanhoe Mines co-chairperson Robert Friedland, has signed a letter of intent (LoI) with the... 

Lucapa posts full-year loss amid volatile market conditions

In 2023, the global diamond market experienced a downturn and volatility and although the large, high-quality diamonds recovered from both its Lulo and Mothae operations achieved decent prices at... 

Amplats signs renewable energy offtake agreement with Envusa Energy

Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) has, through its wholly owned Rustenburg Platinum Mines (RPM) subsidiary, entered into a 20-year energy offtake agreement (EOA)... 

WFDB concerned about G7 proposal to restrict trade in Russian diamonds

The World Federation of Diamond Bourses (WFDB) has launched a campaign to unite the diamond and jewellery industry in presenting its concerns regarding the proposed Group of Seven (G7) restrictions... 

Minerals Council, HSRC to conduct survey into mining research, innovation investment

Minerals Council South Africa and the Human Sciences Research Council (HSRC) have signed a memorandum of understanding to conduct a survey to gain a comprehensive overview of the research,... 

BCG highlights challenges, opportunities amid energy transition

Amid the global transition to cleaner energy sources, African countries face various challenges and opportunities pertaining to the adoption of renewable energy. Consulting firm Boston Consulting... 

Pensana concludes term sheet for up to $156m in finance for Longonjo

London-listed rare earths project developer Pensana, through its 84%-owned subsidiary Ozango Minerais, which owns 100% of the Longonjo project, in Angola,  has concluded a nonbinding term sheet... 

Sovereign commissions sustainable farming initiative in Malawi

ASX- and Aim-listed titanium and graphite miner Sovereign Metals has commissioned a conservation farming programme, in Malawi, as part of the environmental, social and governance (ESG) obligation... 

Mintek celebrates 90-year anniversary with launch of new conference

As a tribute to its 90 years in existence, national mineral research council Mintek will host the Mintek@90 Conference, at the Sandton Convention Centre, from November 11 to 12. The conference will... 

Lotus to raise $30m to accelerate Kayelekera restart, Letlhakane development

ASX-listed Lotus Resources plans to raise $30-million through the issue of 100-million new shares at $0.30 apiece to strategic investors. The placement funds will enable Lotus to accelerate the... 

DMRE, IDC establish Junior Mining Exploration Fund

The Department of Mineral Resources and Energy (DMRE) and the Industrial Development Corporation of South Africa (IDC) have signed a memorandum of agreement officially establishing the Junior... 

Sylvania reports positive results despite lower PGM prices

Platinum group metals (PGMs) producer and developer Sylvania Platinum says its revenue and net profit for the 2023 financial year remained respectable, despite the impact of a significantly lower... 

SepFluor appoints new CEO, expects higher throughput

South African fluorspar producer SepFluor has appointed Hendrik Snyman to succeed Rob Wagner as CEO. Wagner stepped down as CEO on December 31, 2023, but will remain as an adviser to the company... 

Petra urges discipline among diamond producers to ensure balanced inventory levels

Despite its exposure to various risks and uncertainties, such as rough diamond prices, political instability and liquidity challenges – which could have a material impact on its long-term... 

Northam’s interim earnings impacted by commodity price decrease

With the decrease in commodity prices, earnings across the platinum group metals (PGMs) sector are under pressure. This will, consequently, constrain cash generation across the sector, resulting in... 

Tormin Mineral Sands faces production delays

Mining and development company Mineral Commodities’ (MRC’s) operations at the Tormin mine, in South Africa – held by the company’s 50%-owned subsidiary Mineral Sands Resources – has, so far,... 

Tulu Kapi stakeholders commit to proceed with project development

Following meetings with senior representatives of stakeholders for aim-listed Kefi Gold and Copper’s Tulu Kapi Gold project, in Ethiopia, at this year’s Investing in African Mining Indaba, all... 

HPX, Liberian govt, Guma sign letter of intent to develop Liberty Corridor

US-based mineral exploration and development company High Power Exploration (HPX), which is backed by Ivanhoe Mines co-chairperson Robert Friedland, has signed a letter of intent (LoI) with the... 

Steelmakers turning to DRI amid transition

With global steelmakers increasingly turning to scrap steel recycling and direct reduced iron (DRI) as alternatives to blast furnaces, steel producers will not need to rely on carbon capture if the... 

Volt makes progress for much larger funding from US energy dept

Graphite producer and natural graphite anode developer Volt Resources says the US Department of Energy (DoE) has approved its concept paper for the ‘Integrated Production of Natural Graphite Anode... 

DFC announces new financing for Lobito Corridor

US International Development Finance Corporation (DFC) deputy CEO Nisha Biswal has announced new financing in support of the Lobito Corridor, which extends across Angola, Zambia and the Democratic... 

AECI outlines new strategy as it celebrates centenary anniversary

JSE-listed AECI celebrates its centenary this year, with Group CEO Holger Riemensperger attributing the company’s success to its solution-focussed value proposition and dedication from its...