Committee to undertake oversight visit to North West, Gauteng illegal mining hotspots

The Portfolio Committee on Mineral Resources and Energy will, from August 24, embark on a four-day oversight visit to illegal mining hotspots in North West and Gauteng at the old Scot mine in... 

Harmony to report higher earnings

Gold miner Harmony Gold expects its basic earnings for the full year ended June 30 to be higher than the previous year. Earnings per share (EPS) are expected to be between 763c and 798c, in South... 

Sibanye achieves joint first place in 2023 SDTI research report

Multinational mining and metals processing group Sibanye-Stillwater has achieved joint first place in both the metals and mining sector category and joint first place “overall” in the 2023... 

SQM Lithium Ventures closes first venture investment in EV charging infrastructure company

SQM Lithium Ventures, the corporate venture arm of SQM's lithium business, has announced its first venture investment of $3-million in the Series A round of Electric Era, a Seattle, US-based... 

Resolute on track to meet full-year guidance following strong interim performance

Gold miner Resolute Mining saw continued positive momentum across all operations during the first half of the year ended June 30, keeping the company on track to meet its full-year guidance and... 

Aveng swings to a loss in ‘transitional’ year

Construction and engineering group Aveng has described the financial year ended June 30 as one of transition, characterised by a normalisation of operating activities as the group emerged from the... 

Firering to acquire interest in Zambian limestone project

Aim-listed Firering Strategic Minerals has signed an option deed to acquire up to 28.33% of Limeco Resources, the owner of a limestone project located 22 km west of Lusaka, Zambia, for an aggregate... 

Canadian North Resources receives C$125 000 grant

Exploration and development company Canadian North Resources has received the first installment of C$125 000 of the C$250 000 grant it has been awarded by the government of Nunavut’s Discover,... 

Makuch joins Karora board

Gold company Karora Resources has appointed Tony Makuch to the board of directors and as new chairperson of the board technical committee. Barry Dahl, Karora’s former CFO, has announced his... 

South Africa still mulling design for sustainable automotive industry

South Africa’s automotive manufacturing sector has been a real success story for the country; however, it must now bolster domestic demand and adapt its policies and initiatives as the shift... 

Facets of progress in mine health and safety

While there has been some progress in health and safety in several areas in the mining sector, and initiatives are realising some results, much work still remains to be done. This was outlined... 

Initial drilling from Thor Explorations’ Nigeria prospect return encouraging results

Minerals exploration and mining company Thor Explorations is “extremely encouraged” by the first set of results from its initial drilling campaign being undertaken on one of the company’s prospects... 

Capital delivers strong interim performance

London-listed Capital Limited delivered a pleasing performance across all business divisions for the half year ended June 30, CEO Peter Stokes says, highlighting the announcement during the period... 

Premier reaches new offtake, prepayment agreement with Canmax for Zimbabwe project

Aim-listed Premier African Minerals and Canmax Technologies have reached an agreement to amend and restate the offtake and prepayment agreement they entered into in August 2022. The amended... 

Implats expects considerably lower earnings owing to dollar metal price, logistics

JSE-listed Impala Platinum (Implats) expects its headline earnings for the year ended June 30 to decrease by between 38% and 44% year-on-year to between R18-billion and R20-billion and its headline... 

Andrada agrees $25m funding package with Orion Resource Partners

Aim-listed Andrada Mining has signed binding documentation for an updated, conditional $25-million funding package with Orion Resource Partners. This entails $2.5-million in equity at 6.39p a share... 

Mining companies accelerating renewable energy investments – BMI

Mining companies are increasingly adopting renewable energy solutions to reduce their carbon emissions, lower their operational costs and improve their energy security, BMI, a Fitch Solutions... 

Committee welcomes President’s meeting to discuss illegal mining

The Portfolio Committee on Mineral Resources and Energy chairperson Sahlulele Luzipo has welcomed President Cyril Ramaphosa’s response to the escalating cases of illegal mining in Gauteng by... 

Anglo donates CBD building to pioneering institute set on bolstering education, inner city

Diversified miner Anglo American on August 4 announced the handover of its 45 Main street building, in the Johannesburg central business district (CBD), to nonprofit private education institution... 

Coal funding landscape challenging but investors keen on sustainability initiatives

As South Africa undertakes the long process of a just energy transition (JET), coal mining projects and coal-fired power stations will still continue to be relevant for quite some time in the... 

Ivanhoe Mines records strong second-quarter at Kamoa-Kakula

Canadian miner Ivanhoe Mines’ Kamoa-Kakula copper complex, in the Democratic Republic of Congo (DRC), sold 101 526 t of payable copper in the second quarter ended June 30 and recognised record... 

Firefinch outlines interactions with government on Morila gold mine issue

ASX-listed Firefinch confirms that it recently received a letter from the Mali Minister of Mines, stating that the government would not approve any deed of sale of Firefinch’s interest in Societe... 

Botswana Diamonds’ Marsfontein project bodes well for Thorny River development

Diamond exploration and development company Botswana Diamonds says mining on the Marsfontein project, in Limpopo, South Africa, is a proof of concept that is working well. Marsfontein is designed... 

Mnangagwa officially opens Contango’s Muchesu mine

London-listed Contango Holdings’ Muchesu mine in Zimbabwe was officially opened by Zimbabwe President Dr Emmerson Mnangagwa on August 1. Contango owns 70% of the Muchesu coal project (previously... 

Gold Fields warns of lower earnings on the back of lower sales, higher costs

Globally diversified gold producer Gold Fields expects its headline earnings a share for the six months ended June 30 to be between $0.49 to $0.53, which is 9% to 16% lower than the headline... 

Participants in Cape Town’s Blue Dot pilot project for minibus taxi industry exceed adherence expectations

Cape Town has piloted and enjoyed successes from its Blue Dot programme, which was the city’s approach to improving minibus taxi transportation – a necessary intervention given that minibus taxi... 

South Africa’s traffic signals in a ‘woeful’ state and deteriorating

The country’s traffic signals are currently in a dire state and various factors need to be considered to resolve this, Innovative Transport Solutions MD Jan Coetzee said during the South African... 

New research could spark future diamond discoveries

An international team of scientists led by the University of Southampton has discovered that the breakup of tectonic plates is the main driving force behind the generation and eruption of... 

Kumba lowers full-year sales guidance as logistics challenges persist

JSE-listed Kumba Iron Ore achieved a solid operational and financial performance for the six months ended June 30, despite ongoing logistics constraints and weak global steel demand impacting on... 

Aveng to swing to full-year loss

JSE-listed Aveng expects to report a loss a share and a headline loss a share for the financial year ended June 30, compared with earnings a share of 106c and headline earnings a share of 252c... 

Protea Pink diamond sells for $271 307/ct

Johannesburg-based Pioneer Tender House says the 29.52 ct Protea Pink diamond was sold on tender for a record $271 307/ct. This is the highest sale price for any diamond sold by Pioneer to date.   

Capital records solid second-quarter progress

London-listed Capital recorded another strong step forward in the quarter, with the award of its second significant mining services contract at the Ivindo iron-ore project in Gabon, CE Peter Stokes... 

Coal funding landscape challenging, but there are pockets of opportunity

As South Africa undertakes the long process of a just energy transition (JET), coal mining projects and coal-fired power stations will still continue to be relevant for quite some time in the... 

Caledonia reiterates Blanket guidance despite underwhelming quarterly production

Aim-listed Caledonia Mining’s Blanket gold mine, in Zimbabwe, produced 17 436 oz for the quarter ended June 30, representing an 8.7% increase on the 16 036 oz produced in the first quarter of the... 

Merafe reports lower interim production in line with planned pullback

JSE-listed Merafe’s attributable ferrochrome production from the Glencore Merafe Chrome Venture for the six months ended June 30 was 185 000 t. That represents a decrease of about 9% compared with... 

Eastplats subsidiary receives summons over mine project agreement

Platinum group metals (PGMs) miner Eastern Platinum’s (Eastplats’) South African subsidiary Barplats Mines has received a combined summons from ABT Toda in relation to ongoing arbitration between... 

Solar portion of Molo mine’s hybrid power plant completed

Construction of the solar farm portion of the solar hybrid power plant at NextSource Materials' Molo graphite mine, in Madagascar, has been completed. The solar hybrid plant is owned and operated... 

MSALABS expanding its Chrysos PhotonAssay technology footprint

Aim-listed Capital’s majority-owned subsidiary MSALABS, a global provider of geochemical laboratory services for the exploration and mining sectors, reports that it now has the largest... 

Bakubung concentrator plant runs into issues

JSE-listed Wesizwe Platinum has identified various defects in the Bakubung concentrator plant as it progresses the hot commissioning of the plant. So far, a continuous test-running of the plant has... 

More needs to be done to improve women representation in mining

There has been some progress in the necessary drive to transform the mining industry in terms of gender parity; however, much work still remains to be done, and pivotal to this will be...