In preparation for building one of the world’s largest and highest-grade magnet metal rare earth mines later this year, London-listed Pensana has hosted key stakeholders on site at its Longonjo project, in Angola. CEO Tim George and project director Kevin Botha hosted the Angolan Sovereign... 

South African supplier of rail-bound throw loaders for deep-level hard rock mines Salzgitter Mzansi has recently launched three new products – the Salzgitter EL300R electric rail bound remote-controlled loader, the Salzgitter Titan electric crawler loader and the Hercules re-railer. The company... 

This week: Stage set for mining explosives centenarian to capture global top-three spot, Copper 360 output set to quickly double on Nama Copper acquisition and, RBCT, TFR show that private-public collaboration can work very well – Menar  

Transnet Freight Rail’s (TFR’s) North Corridor accomplished the delivery of 1.41-million tonnes last week, marking the most substantial weekly performance in terms of volume for the current financial year. This includes the transport of 1.18-million tonnes of export coal to the Richards Bay Coal... 

The Richards Bay Multipurpose Terminal (MPT) has taken delivery of new cargo handling equipment, aiding the loading of export coal, magnetite, chrome and pig iron aboard calling Cape-sized vessels. The terminal is leasing 75 dumpers and 35 payloaders for 12 months – a temporary measure after an... 

Richards Bay Coal Terminal (RBCT), Liberty Coal/Liberty Coal Terminal and the business rescue practitioners (BRPs) of Optimum Coal Mine (OCM) and Optimum Coal Terminal (OCT) have reached an agreement on the terms and conditions on which coal from the Optimum coal mine will start being exported... 

Australian coal trader M Resources and Singapore's GEAR plan a funding round after their $1.65-billion purchase of South32's Illawarra metallurgical coal operations, a source familiar with the matter said. Golden Energy and Resources (GEAR), owned by the Indonesian Widjaja family, will hold 70%... 

In this week's episode of Second Take, Mining Weekly Editor Martin Creamer talks about the AECI being on track become a global top 3 player in the industry by 2030; Copper 360's first concentrate from the plant it has just acquired from Nama Copper; and the partnership between the Richards Bay... 

Ports and logistics group Grindrod is set to invest big in its Matola drybulk terminal in Mozambique. Announcing Grindrod’s financial results for the year ended December 31 earlier this month, CEO Xolani Mbambo said the JSE-listed logistics group would spend the bulk of its R2.5-billion capital... 

The private-sector’s Richards Bay Coal Terminal (RBCT) and the State’s Transnet Freight Rail (TFR) have shown that the private sector and State-owned entities can work together very well, Menar MD Vuslat Bayoglu has highlighted in a Zoom interview with Mining Weekly. (Also watch attached Creamer... 

US Deputy Treasury Secretary Wally Adeyemo used a five-day trip to South Africa to advertise his country’s ambitions of securing supplies of the metals needed for the global energy transition – materials that abound in Africa. Adeyemo, in a speech to US businesses active in the country, stressed... 

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. This supported total returns to shareholders of R3.3-billion for 2023, equivalent to 49% of adjusted... 

JSE-listed AECI, which is undergoing far-reaching restructuring to re-focus on its core mining and chemicals businesses and reduce debt, reports strong initial interest in the six noncore companies that it plans to dispose of over the coming 18 months for combined proceeds of about R2.5-billion.... 

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 gold price of $1 940.54 /oz, according to the World Gold Council’s (WGC’s) ‘Gold Demand Trends... 

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 gold price of $1 940.54 /oz, according to the World Gold Council’s (WGC’s) ‘Gold Demand Trends... 

Since the new leadership at State rail enterprise Transnet has began engaging with South Africa's mining industry, the level of transparency has been “much, much improved”, according to African Rainbow Minerals (ARM) Ferrous CE André Joubert. Joubert, who was speaking during a question session... 

Africa’s biggest freight rail market is on the cusp of being transformed by private operators, the head of the operator of the continent’s largest rolling-stock fleet said. The South African government is about to publish a so-called rail network statement that will propose rules for private rail... 

Diversified mining company African Rainbow Minerals (ARM) on Friday declared an interim dividend for the six months ended December 31, when ARM had net cash of R7.9-billion. The interim dividend of R6 a share is well down on the R14 a share declared in the corresponding period of last year. 

The Ctrack Transport and Freight Index (Ctrack TFI) forecasts “another year of fairly subdued growth for the transport sector”. This is based on the assumption of mediocre economic growth in South Africa this year, forecast at 1.3%, up from 2023’s estimated 0.6%. 

South Africa’s rail sector is faced with unprecedented challenges that threaten its operational viability and economic contribution, says law firm Webber Wentzel partner Scott Edmundson, who says the dire situation underscores the urgent need for transformative reforms to salvage and rejuvenate...