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Tasneem Bulbulia

Tasneem Bulbulia

Tasneem Bulbulia is a Creamer Media Contributing Editor Online for Engineering News and Mining Weekly.

Transnet to implement contingency plans to mitigate against planned protest

17th March 2023 Rail, port and pipeline company Transnet says it is working with stakeholders to implement contingency plans, where necessary, to ensure business continuity in light of the Economic Freedom Fighters' planned protest action on March 20.  The plans will take into consideration operational demands... 

Autocatalyst substitution to support platinum demand

17th March 2023 Strong automotive demand growth is expected again this year as substitution continues to rise, industry body the World Platinum Investment Council says. Global vehicle production remains below pre-pandemic levels, yet platinum automotive demand is growing, it points out. 

Can SA address deficiencies in securing global exploration spend?

17th March 2023 Although global exploration spend in mining is increasing, South Africa, despite boasting a plethora of mineral resources, is not capitalising on this, especially compared with similarly mineral-rich African countries.  However, if constraints are addressed and certain avenues explored, the... 

Can SA address deficiencies in securing global exploration spend?
UNCHARTERED TERRITORY The Council for Geoscience says it is now mapping at a scale and pace relevant to current requirements, which include getting the investment community excited about the country’s resources.

Can SA address deficiencies in securing global exploration spend?

17th March 2023 Although global exploration spend in mining is increasing, South Africa, despite boasting a plethora of mineral resources, is not capitalising on this, especially compared with similarly mineral-rich African countries.  However, if constraints are addressed and certain avenues explored, the... 

Can SA address deficiencies in securing global exploration spend?
UNCHARTERED TERRITORY The Council for Geoscience says it is now mapping at a scale and pace relevant to current requirements, which include getting the investment community excited about the country’s resources.

Gem delivers solid financial, operational performance despite challenges

16th March 2023 London-listed Gem Diamonds delivered a solid financial performance for the financial year ended December 31, despite the volatile global economic environment following Russia’s invasion of Ukraine, which resulted in high levels of inflation and interest rates and significantly higher diesel... 

Centamin’s Sukari mine continues to deliver

16th March 2023 Gold miner Centamin made “great progress” in the 12 months ended December 31 – a year which saw the company’s Sukari gold mine, in Egypt, producing its fifth-million ounce, underpinning the quality of the orebody which has six-million ounces in mineral reserves remaining and identified further... 

European benchmark price for ferrochrome set for Q2

15th March 2023 JSE-listed Merafe Resources advises that the European benchmark ferrochrome price for the second quarter of the year has been settled at $172/lb, an increase of 15.4% compared with the previous quarter. Merafe’s business has a 20.5% participation through its wholly-owned subsidiary, Merafe... 

MC Mining continues to progress projects, interim revenue increases

15th March 2023 MC Mining’s revenue for the six months ended December 31, 2022, increased by 8% to $14-million, compared with the revenue of $13-million reported for the six months ended December 31, 2021. Operating profit before interest was $700 000, compared with a loss of $600 000 in the prior corresponding... 

Sovereign says global warming potential of Kasiya graphite among world’s lowest

15th March 2023 Dual-listed Sovereign Metals says independent benchmarking indicates that the graphite co-product from the Kasiya project, in Malawi, should have significantly lower global warming potential (GWP) compared with current and developing natural graphite projects. Sovereign has announced the combined... 

Aterian reports high-grade copper from work at Morocco project

14th March 2023 London-listed Aterian has announced results, including 4.43% copper and 3.11% copper from brecciated vein samples from geological work completed on its Jebilet Est project. The project, which covers an area of 45.2 km2, is located north of Marrakech within the Marrakech-Safi region of Morocco. 

Diamcor recovers 45.15 ct diamond as it continues to progress power solutions

13th March 2023 Junior diamond mining company Diamcor Mining has recovered a 45.15 ct gem-quality rough diamond from the processing of quarry material at its Krone-Endora at Venetia project in South Africa. This large rough diamond in the Specials category (weighing more than 10.8 ct) follows the previously... 

Altona raises £2m, to list on LSE

10th March 2023 Mining exploration company Altona Rare Earths has raised £2-million through an oversubscribed placing of £1.72-million and a subscription of £279 200 through the issue of 40-million new ordinary shares.  The company announced on February 2 that it was seeking to raise £1.25-million in new capital. 

Investments in renewables reach record level – report

10th March 2023 Global investment in energy transition technologies – including energy efficiency technologies – reached $1.3-trillion in 2022, a new report ‘Global Landscape of Renewable Energy Finance 2023’, published by the International Renewable Energy Agency (Irena) and Climate Policy Initiative (CPI),... 

Firering increases stake in Côte d'Ivoire project

9th March 2023 Aim-listed Firering Strategic Minerals has increased its stake in its flagship Atex lithium/tantalum project, in Côte d'Ivoire, to 90%. Pursuant to an existing option shares agreement between Firering and Atex dated March 31, 2021, Firering has acquired a further 13% of the issued share capital... 

Orion notes continuing progress at Northern Cape projects

9th March 2023 Exploration and development company Orion Minerals continued to progress its strategy of building a high-quality pipeline of future facing base metals development and exploration assets to supply the demands created by a global clean energy transition, the company notes in its interim financial... 

Northam to proceed with RBPlat takeover offer as Implats withdraws complaints

9th March 2023 Platinum group metals (PGMs) miner Northam Platinum has informed its shareholders that Impala Platinum (Implats) has summarily withdrawn various complaints to the Takeover Regulation Panel (TRP) regarding an announcement by Northam of its firm intention to make an offer to Royal Bafokeng Platinum... 

Aton enters into bridge loan with OU Moonrider

8th March 2023 TSX-V-listed Aton Resources has entered into an additional C$4-million bridge loan agreement with OU Moonrider, a significant shareholder of the company. In connection with the loan, Moonrider will be issued bonus warrants upon each drawdown on the loan, entitling it to acquire common shares in... 

RBPlat’s full-year performance hampered by takeover delay

8th March 2023 Platinum group metals (PGMs) miner Royal Bafokeng Platinum (RBPlat) remained profitable in the financial year ended December 31, despite operating and inflationary pressures, CEO Steve Phiri has said. In a report to shareholders on March 8, he listed inflationary pressures, supply chain... 

RBPlat’s full-year performance hampered by takeover delay
Styldrift

Marula establishes lithium, copper mining subsidiary in Zimbabwe

7th March 2023 Mining and development company Marula Mining has established Muchai Mining, an 80%-owned Zimbabwean operating subsidiary. Muchai Mining has been established to focus on securing near-term and advanced lithium and copper mining and development opportunities in Zimbabwe’s fast growing and highly... 

Important responsibility for new Minister of Electricity, but reshuffle questionable – commentators

7th March 2023 There are some positives in the Cabinet reshuffle announced by President Cyril Ramaphosa, with some appointments having been welcomed by industry organisations; however, many were concerned by underperforming Ministers being kept on and some reassigned, changes not being sufficiently decisive and... 

Constraints still preventing South Africa from attracting greater exploration spend

2nd March 2023 South Africa’s exploration spend is waning, in stark contrast to the plethora of mineral resources it holds, and contradictory to the trend in other countries, especially some of the country’s similarly mineral-rich neighbours. This was noted by speakers during the ‘South Africa’s Mining Outlook... 

Constraints still preventing South Africa from attracting greater exploration spend
South Africa needs a stable, predictable, user-friendly and functional regulatory regime to bolster exploration

Ivanhoe completes debottlenecking ahead of schedule at DRC project

28th February 2023 Canada-headquartered Ivanhoe Mines announced at the thirty-second BMO Global Metals & Mining Conference that the debottlenecking of the Kamoa-Kakula Copper Complex’s Phase 1 and 2 concentrators, in the Democratic Republic of Congo (DRC), has been completed ahead of schedule. The ongoing final... 

Paladin continues to progress restart efforts at Langer Heinrich

27th February 2023 ASX-listed Paladin Energy says in its statement for the six month ended December 31, 2022, that since the decision was made in July 2022 to restart the Langer Heinrich mine (LHM) in Namibia and reach commercial production in calendar 2024, the restart project continues. This continues with a... 

Zimplats records solid year

27th February 2023 Zimplats, a member of the Impala Platinum (Implats) group, has declared a final dividend of $120-million for the year ended June 30, 2022, which was paid on September 8, it says in its directors’ report and condensed consolidated interim financial statements for the half year ended December 31,... 

Kropz makes fourth drawdown on equity facility

27th February 2023 Aim-listed Kropz has made its fourth drawdown request under the new R550-million convertible equity facility from its largest shareholder, African Rainbow Capital (ARC) Fund, as announced in November last year. The fourth drawdown is for R40-million, and R7.5-million remains available for... 

Anglo American ICT learnership programme produces first cohort of graduates

22nd February 2023 Mining company Anglo American’s information and communications technology (ICT) learnership programme in South Africa has produced 35 graduates with a set of new digital skills said to be contributing to the country’s overall ICT development focus. All 35 young graduates have achieved a National... 

NextSource completes processing plant construction at Madagascar project

21st February 2023 Canada-based company NextSource Materials says construction of the processing plant and mining camp for its Molo graphite mine, in Madagascar, is now complete, with the entire mining fleet on site. “We are now entering the final stages of development of Phase 1 and are fast approaching first... 

Swanepoel appointed lead independent director at Implats

21st February 2023 JSE-listed Impala Platinum (Implats) has appointed Bernard Swanepoel, currently an independent nonexecutive director, as the lead independent director of the board, effective February 21. Implats is a producer of platinum group metals, structured around six mining operations and Impala Refining... 

Edison upgrades Pan African’s earnings forecast

17th February 2023 Market research firm Edison Research has upgraded its forecast of dual-listed Pan African Resources’ earnings for the full 2023 financial year. This follows Pan African’s presentation of its interim results earlier this week. The gold miner posted earnings per share (EPS) and headline earnings... 

Manganese, coal boost ARM’s interim earnings

17th February 2023 JSE-listed African Rainbow Minerals (ARM) expects to report a 34% to 44% year-on-year increase in its headline earnings for the six months ended December 31, mainly as a result of higher earnings from its manganese and coal operations. It states in a trading statement that headline earnings for... 

Hyphen Hydrogen Energy signs two ammonia offtake agreements

17th February 2023 Namibian-registered green hydrogen development company Hyphen Hydrogen Energy has signed nonbinding memorandums of understanding (MoUs) with two major industrial companies for the supply of up to 750 000 t/y of green ammonia. The agreements are with a major chemical company and Approtium, a South... 

Hyphen Hydrogen Energy signs  two ammonia offtake agreements
Hyphen Hydrogen Energy has signed nonbinding memorandums of understanding with two major industrial companies for the supply of up to 750 000 t/y of green ammonia

Gem mulls power options for loadshedding-hit Lesotho mine

17th February 2023 London-listed Gem Diamonds says the company is considering potential long-term alternative power supply options for its Letšeng mine, in Lesotho, which has also been affected by rotational power cuts, or loadshedding, implemented by South African power utility Eskom. CEO Clifford Elphick points... 

Diamcor continues to mitigate loadshedding impacts in South Africa

16th February 2023 Canadian-headquartered Diamcor Mining’s focus during the interim period ended December 31, continued to be on managing costs and optimising operational hours to minimise the effects of loadshedding in South Africa by State-owned utility Eskom, with continued refinements to processing plants and... 

Caracal raises $1m from Orca Capital

16th February 2023 Aim-listed Caracal Gold has raised $1-million through the issue of secured convertible loan notes to Orca Capital and the proceeds have been drawn down. Caracal has granted the subscriber an option to subscribe for up to a further $4-million of loan notes. 

Marula signs two agreements with Q Global subsidiary

16th February 2023 Africa-focused battery metals investment and exploration company Marula Mining has signed a co-development agreement and a relationship agreement with K2020273872 (South Africa), a wholly owned subsidiary of Q Global Commodities Group, a South African independent commodity, mining, logistics and... 

AngloGold achieves full-year strategic objectives, but earnings fall

15th February 2023 Gold miner AngloGold Ashanti says in a trading statement for the year ended December 31 that it delivered on its key strategic objectives during 2022, achieving improvements in production, cash flow and safety performance. AngloGold achieved guidance for production, capital expenditure and all-in... 

Jubilee’s South African operations offer buffer against Zambia challenges

15th February 2023 JSE-listed Jubilee Metals Group says it delivered an operational performance broadly in line with management’s expected earnings and revenue targets for the six months ended December 31. This performance was mainly supported by the performance of its South African platinum group metals (PGMs) and... 

Deep-South closes $695 000 tranche of nonbrokered private placement

15th February 2023 TSX-V-listed Deep-South Resources has closed the second and final tranche of its previously announced nonbrokered private placement. In the first tranche 4.2-million units were issued at a price of $0.05 to raise $210 000. 

Emmerson appoints mandated lead arrangers for Morocco project financing

14th February 2023 Aim-listed Emmerson has appointed a syndicate of international and Moroccan banks as initial mandated lead arrangers (MLAs) to coordinate and fund dual-tranche debt financing facilities for the development of the company's Khemisset potash project, in Morocco. The four MLAs selected are ING Bank,... 

Armadale progressing Tanzania project towards commercial production

13th February 2023 Aim-listed Armadale Capital says it has made further progress advancing towards commercial production at the Mahenge Liandu project, in Tanzania. This is an important strategic development as part of ongoing plans to expedite the path to commissioning commercial mining operations, the company... 

Pensana highlights Lobito Corridor’s potential as critical minerals railway

13th February 2023 Angola, Zambia and the Democratic Republic of Congo (DRC) have taken major steps to create a trade corridor that could transform how the region’s resources are shipped, mineral exploration company Pensana Metals says. The three countries have agreed to joint management of a trade corridor to and... 

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