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Jervois shortlists locations for US cobalt refinery
26th February 2024 By: Mariaan Webb

Australia-based Jervois Gobal has identified two preferred locations for its bankable feasibility study (BFS) for a US-located cobalt refinery, with AFRY USA leading the initiative. The shortlisted... 


Energy Fuels preparing two more US uranium mines for production
Energy Fuels preparing two more US uranium mines for production
26th February 2024 By: Mariaan Webb

In anticipation of continued strength in uranium markets, US-based Energy Fuels is preparing two more mines in Colorado and Wyoming for production and is readying for exploration drilling to... 


Christo Wiese
South African billionaire Wiese returns to his diamond-hunting roots
26th February 2024 By: Bloomberg

Christo Wiese, South Africa’s-billionaire retail king, is going back to the future. The 82-year-old serial investor, who steered the expansion of both Africa’s biggest clothing retailer and the... 


SGB post image
SGB-Cape Announces Strategic Partnership with ICR Group
26th February 2024

SGB-Cape a renowned leader in industrial services, proudly announces a significant milestone in its 75th year of operation with the establishment of a strategic partnership with ICR Group, a global... 


Alcoa aims to take out Australian partner Alumina in $2.2bn deal
Alcoa aims to take out Australian partner Alumina in $2.2bn deal
26th February 2024 By: Reuters

US aluminium producer Alcoa on Monday made a non-binding, conditional buyout proposal for its Australian joint venture partner Alumina, valuing the company at $2.2-billion in an all-stock offer.... 


Panoramic CEO and CFO roles made redundant
23rd February 2024 By: Creamer Media Reporter

The administrators of Panoramic Resources this week announced that the role of CEO had been made redundant. This followed the cessation of operations at the Savannah nickel project last month,... 


Coal load and haul operations
Thungela warns of lower earnings on back of Ensham deal
23rd February 2024 By: Marleny Arnoldi

JSE-listed coal miner Thungela Resources has informed shareholders that its earnings per share (EPS) for the year ended December 31 will be between R88 and R93 lower, at between R34 and R39 apiece,... 


France’s $1.6bn uranium deal with Mongolia faces delays
23rd February 2024 By: Reuters

A $1.6-billion uranium mining deal between France and Mongolia that is part of French efforts to diversify supplies to power its fleet of nuclear reactors is running into political hurdles. A... 


Teck expects to close coal unit sale to Glencore by Q3, CEO says
Teck expects to close coal unit sale to Glencore by Q3, CEO says
23rd February 2024 By: Reuters

Canadian miner Teck Resources plans to close the sale of its steel-making coal unit to Glencore no later than the third quarter of 2024, CEO Jonathan Price told Reuters in an interview on... 


Magazine round up | 23 February 2024
Magazine round up | 23 February 2024
23rd February 2024

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 


Weir Minerals Africa
Weir Minerals Africa
23rd February 2024

Market leader in slurry handling equipment, Weir Minerals Africa, has an unrivalled installed base of its Warman centrifugal slurry pumps across Africa. The company offers a wide range of slurry... 


Tyre manufacturer to invest $90-million in hydraulic hose production plant
23rd February 2024

German technology company Continental in January announced an investment of $90-million towards the construction of its new plant for hydraulic hose for industrial purposes in the west-central... 


Firm looks to diversify recycled product range, seeks new markets
23rd February 2024 By: Lumkile Nkomfe

Germiston-based rubber recycling company Dawhi Rubber Recycling, which has been in the rubber crumb business for 14 years, is conducting research into new innovations such as tyre-derived fuel,... 


Two hands holding raw coal
Coal mining to move to more sustainable practices
23rd February 2024 By: Halima Frost

The ongoing shift from traditional coal mining to sustainably mined coal in 2024 and beyond will “witness remarkable advancements” in new coal mining methods, driven by innovative technologies and... 


Mining consultancy SRK Consulting MD Andrew van Zyl
Continued exploration, mine development in 2024
23rd February 2024

With Africa’s substantial and varied mineral endowment being undisputed, the year ahead will likely see ongoing progress in exploration and mine development, in both traditional metals and the... 


Jurie Wessels, founder and executive chairperson of Vanadium Resources
Jurie Wessels
23rd February 2024 By: Creamer Media Reporter

This week we profile Jurie Wessels, founder and executive chairperson of Vanadium Resources, which is developing the Steelpoortdrift mine and concentrator and the Tweefontein salt roast leach plant 


South Africa urged to increase investment in innovation
23rd February 2024 By: Natasha Odendaal

South Africa needs more collective investment to boost its innovation ecosystem and ensure that the investment is translated into improving everyday lives, says Telkom Group innovation and... 


Vehicle crime ramped up towards end of last year, says Tracker
23rd February 2024 By: Irma Venter

Tracker’s vehicle crime statistics for July to December last year show an increase in vehicle crime, with a peak in November. Data from the asset tracking company also shows that a business-owned... 


Magazine cover story
Premium car market outlook murky as South Africans continue to hunt for Asian bargains
23rd February 2024 By: Irma Venter

The South African new-car market has been shifting steadily over the last few years as consumers continue to battle persistent economic headwinds. Times are tough. Interest rates, living costs,... 


Sylvania reports positive results despite lower PGM prices
22nd February 2024 By: Sabrina Jardim

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... 


anglo american sign and logo
Anglo to focus on cost cutting following disappointing 2023 performance
22nd February 2024 By: Darren Parker

Mining major Anglo American chairperson Stuart Chambers and CEO Duncan Wanblad have both expressed disappointment with the company’s financial results for 2023, which were released on February 22.... 


Eskom insists downward EAF slide has been ‘arrested’ amid Stage 4 loadshedding
Eskom insists downward EAF slide has been ‘arrested’ amid Stage 4 loadshedding
22nd February 2024 By: Terence Creamer

Eskom insists the performance of its unreliable generation fleet is on an improving trajectory, releasing a graphic-heavy statement on February 22 disputing a recent report stating that its... 


Gold Fields' Damang mine, in Ghana
Gold Fields posts higher full-year earnings, maintains dividend at R7.45
22nd February 2024 By: Marleny Arnoldi

JSE- and NYSE-listed Gold Fields has declared a total dividend of R7.45 a share for the year ended December 31, with $703-million in attributable profit having been generated. The attributable... 


Minerals Council CEO Mzila Mthenjane
Fiscal discipline in Budget, but 5% infrastructure expenditure increase ‘barely positive’ – Minerals Council
22nd February 2024 By: Schalk Burger

Finance Minister Enoch Godongwana maintained focus on fiscal discipline and balancing the need to address socioeconomic challenges facing the country, industry organisation Minerals Council South... 


Record dividend for Northern Star as growth strategy delivers cash earnings boost
Record dividend for Northern Star as growth strategy delivers cash earnings boost
22nd February 2024 By: Mariaan Webb

Australian gold miner Northern Star on Thursday declared a record interim dividend of 15c a share, complementing its A$300-million share buyback programme that remains open. Driven by higher gold... 


Eramet in talks with France to offload debt from SLN nickel unit
22nd February 2024 By: Reuters

Eramet is in "very advanced talks" with the French government to remove from its balance sheet several hundred million euros of debt related to its loss-making nickel subsidiary SLN in New... 


Vale says its Sossego copper mine operating licence has been suspended
Vale says its Sossego copper mine operating licence has been suspended
22nd February 2024 By: Reuters

Brazilian miner Vale said on Wednesday it had received a letter from the State of Para's environmental secretary informing it that its operating license for its Sossego mine has been suspended.... 


Mayur’s Orokolo Bay partner faces ‘sudden financial difficulties’
21st February 2024 By: Creamer Media Reporter

Australia-based Mayur Resources said on Wednesday that its partner in the Orokolo Bay vanadium, titanium and iron sands project, in Papua New Guinea, had pulled out, citing “sudden financial... 


An image of UK politician Dominic Raab
Appian appoints UK politician as strategic adviser; forms partnership with SAFE
21st February 2024 By: Tasneem Bulbulia

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,... 


Resources Watch
Resources Watch
21st February 2024

This week: South Africa looks to Japanese collaboration on green hydrogen development and, Power aggregators seen as key accelerators of South African mining’s energy transition 


MacLean Equipment USA to highlight product innovation at SME 2024 technical sessions
MacLean Equipment USA to highlight product innovation at SME 2024 technical sessions
21st February 2024

MacLean Equipment USA, the US-based business of the global manufacturer MacLean Engineering, will be sharing its mining equipment innovation expertise at two technical sessions at the upcoming SME... 


Power lines
RFP for private transmission investment to be launched in July
21st February 2024 By: Terence Creamer

The South African government will release a request for proposals (RFP) in the coming months seeking private sector investment into a pilot electricity grid infrastructure project. The National... 


Sibanye CEO Neal Froneman
Sibanye incurs $2.58bn in impairments on lower metals prices
21st February 2024 By: Tasneem Bulbulia

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... 


Glencore's head office
Glencore pleased with its performance against the backdrop of lower commodity, energy prices
21st February 2024 By: Marleny Arnoldi

Global mining company Glencore has recommended a $0.13 a share, or $1.6-billion, base cash distribution to shareholders for the 2023 financial year, comprising $1-billion from marketing cash flows... 


 Local procurement should be top of mind in mine-owned solar power projects
Local procurement should be top of mind in mine-owned solar power projects
21st February 2024

By David Sullivan, Divisional CEO at LH Marthinusen, a division within the ACTOM Group Many mines in South Africa are currently in the early stages of planning and obtaining approval for their... 


Iluka MD Tom O'Leary says the Eneabba refinery project has not been immune to inflation
Iluka confirms cost blowout at Australian rare earths refinery
21st February 2024 By: Mariaan Webb

Critical minerals company Iluka Resources on Wednesday confirmed a major cost overrun at its Eneabba rare earths refinery, stating that the project would cost between A$1.7-billion and... 


First Quantum signs $500m copper deal with shareholder, says asset and stake sales progressing
First Quantum signs $500m copper deal with shareholder, says asset and stake sales progressing
21st February 2024 By: Mariaan Webb

Canada-headquartered First Quantum Minerals, which is facing a major challenge with the closure of its flagship Panama mine, is making progress with its balance sheet initiatives. These include,... 


An image showing part of Sibanye-Stillwater's Marikana operation
Unions express dismay over mining sector retrenchments
20th February 2024 By: Tasneem Bulbulia

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... 


An image depicting Petra Diamonds CEO Richard Duffy
Petra urges discipline among diamond producers to ensure balanced inventory levels
20th February 2024 By: Sabrina Jardim

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... 


An image of Kumba Iron Ore CEO Mpumi Zikalala
Kumba weathers headwinds but 490 jobs at risk as it reconfigures business
20th February 2024 By: Tasneem Bulbulia

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... 


Incoming Aveng CEO Scott Cummins
No immediate plan to list Aveng in Australia, but future listing likely amid change in reporting currency to Aussie dollar
20th February 2024 By: Terence Creamer

JSE-listed Aveng, which recently relocated is management epicentre to Australia and changed its reporting currency from South African rands to Australian dollars, has no immediate intention of... 


The electrification of rural West Africa – a conundrum of sorts
The electrification of rural West Africa – a conundrum of sorts
20th February 2024

By Teina Teibowei, Commercial Lead, Microgrid, Power & Grid Business Segment at Schneider Electric West Africa’s socioeconomic development relies heavily on access to reliable and affordable... 


DRDGOLD’s business model is ESG in action
DRDGOLD’s business model is ESG in action
20th February 2024 By: Tracy Hancock

Considering that environmental, social and governance (ESG) aspects have become increasingly important over the years, especially in the mining industry, gold producer DRDGOLD emphasises that its... 


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