Kenmare meets 2023 guidance

London-listed Kenmare Resources, which operates the Moma titanium minerals mine in northern Mozambique, produced 986 300 t of ilmenite for the 2023 full year, within its revised guidance range for... 

Tirupati raises £1.05m to optimise production in Madagascar

Specialist flake graphite company Tirupati Graphite has raised gross proceeds of £1.05-million by way of a private placing of 9.5-million new ordinary shares. Optiva Securities acted as sole broker... 

GoviEx progressing projects despite political challenges

Despite bullish uranium prices, the unexpected military coup in Niger, where TSX-V-listed GoviEx’s  Madaouela project is located, has created some challenges, CEO Daniel Major and executive... 

Toro makes progress on Lake Maitland uranium project extension study

ASX-listed Toro Energy’s extension study of the proposed Lake Maitland uranium/vanadium operation, located about 105 km southeast of the Wiluna township, in Western Australia, has significantly... 

Critical Minerals acquires 26 Moroccan permits

Aim-listed Critical Mineral Resources has acquired 26 exploration permits prospective for copper, antimony, tungsten, lead/zinc and gold in central Morocco. The company has acquired the permits... 

Northam’s interim output up nearly 20%

Platinum group metals miner Northam Platinum has reported a 10.6% year-on-year increase in total equivalent refined metal production from its own operations and a 19.9% year-on-year increase in... 

Lotus poised to be major uranium player with Kayelekera restart, Letlhakane optimisation

ASX-listed Lotus Resources has, post the completion of its acquisition of A-Cap, finalised the preliminary work programmes required to enable it to become a global uranium player, targeting a... 

Bushveld yet to receive $12.5m from SPR

Aim-listed Bushveld Minerals has announced that the receipt of $12.5-million funds from Southern Point Resources (SPR) under the recently announced $18.4-million equity capital raising has not yet... 

New graphite mining licences issued to Marula’s local partners in Tanzania

Seven new mining licence applications (MLAs) collectively submitted by AQSE-listed Marula Mining's local partners Takela Mining Tanzania (TMT) and NyoriGreen Mining Limited (NML) at the Nyorinyori... 

EAIF completes $294m debt raise for African infrastructure

Private Infrastructure Development Group (PIDG) company the Emerging Africa Infrastructure Fund (EAIF) has raised $294-million of additional debt facilities, achieving over half of its target to... 

Firering begins RC drilling campaign in Côte d'Ivoire

Aim-listed Firering has started its 3 000 m reverse circulation (RC) drilling campaign at Atex, its flagship lithium project in Côte d’Ivoire. The programme began at identified lithium-bearing... 

Oriole reports increase in resources at Cameroon project

Aim-listed Oriole Resources has reported an updated inferred Joint Ore Reserves Committee-compliant mineral resource estimate (MRE) of 375 000 oz grading 2.30 g/t gold for Bakassi Zone 1, one of... 

Angolan sovereign wealth fund satisfied with Longonjo construction progress

Angolan sovereign wealth fund Fundo Soberano de Angola (FSDEA) is “delighted to see the excellent progress” that is being achieved on site at the Longonjo rare earths project, as this is an... 

Economic uncertainty to persist, report shows

Global economic prospects are expected to remain subdued and uncertain, according to the latest ‘Chief Economists Outlook’ report released on January 15, as the global economy continues to grapple... 

Altona receives Ministerial approval to increase holding in Monte Muambe Mining

London-listed Altona has received formal regulatory approval from the Mozambican Minister of Mineral Resources and Energy regarding the increase of its shareholding in Monte Muambe Mining to 51%.... 

RMB invests in KOKO to expand clean energy for cooking in Africa

Corporate and investment bank Rand Merchant Bank (RMB) has announced a strategic partnership with climate technology company KOKO, where it has acted as the lead mandated arranger and financier for... 

Power Metal, Saudi Arabia to collaborate on exploration opportunities

Aim-listed Power Metal Resources, which has a presence in North America, Africa and Australia, has signed a nonbinding memorandum of understanding (MoU) with the Ministry of Investment and Mineral... 

COP28 deal offers opportunities for renewables-powered charging stations – Zero Carbon Charge

The twenty-eighth Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change that targets reaching 11 terawatts (TW) of renewable energy generation capacity by... 

Full-year production at Caledonia’s Blanket mine in line with guidance

Miner Caledonia Mining successfully met production guidance for the year ended December 31, at its Blanket gold mine in Zimbabwe, producing 75 416 oz of gold, despite a challenging first half of... 

Construction begins on Lilian Ngoyi Street rehabilitation project

A contractor has been appointed for the Lilian Ngoyi Street rehabilitation and construction has officially begun, following the gas explosion in Bree street on July 19, the City of Johannesburg... 

South Africa to present ‘compelling’ investment case at Davos – Godongwana

South Africa’s delegation to the World Economic Forum (WEF) will present the country’s investment case, which Finance Minister Enoch Godongwana has described as “compelling”, to international... 

TotalEnergies increases its interests in Namibia offshore blocks

Energy company TotalEnergies has signed an agreement to acquire from Impact Oil and Gas Namibia an additional 10.5% participating interest in block 2913B and an additional 9.39% participating... 

Defense Metals, Ucore sign MoU for collaboration on REE supply chain

Mineral exploration and development company Defense Metals has executed a non-binding memorandum of understanding (MoU) with TSX-V-listed Ucore Rare Metals to explore collaborative opportunities as... 

Pensana progressing activities at Angola project prior to main construction

London-listed Pensana has made significant strides at the Longonjo mine site in Angola ahead of main construction starting later this year. The company is currently busy with civil works for the... 

Impala withdraws suspensions of 38 Bafokeng workers

Platinum group metals major Impala Platinum (Implats) has agreed to withdraw the suspension notices that were issued to the 38 employees who “were seen to have been the face of workers” who staged... 

Centamin drilling intersects gold mineralisation near Sukari

LSE- and TSX-listed Centamin has delivered an “encouraging” set of maiden drill results across several targets within the Nugrus block on its Eastern Desert Exploration (EDX) landholding, which is... 

Ivanhoe’s Kamoa-Kakula achieves yearly guidance

Dual-listed Ivanhoe Mines’ Kamoa-Kakula copper complex, in the Democratic Republic of Congo (DRC), produced 393 551 t of copper in concentrate in 2023, in line with the production guidance range of... 

Ninety One SA reduces shareholding in Murray & Roberts to below 5%

Ninety One SA has disposed of an interest in the ordinary shares of JSE-listed Murray & Roberts, resulting in its shareholding in the company decreasing to 4.286%. Murray & Roberts Holdings is a... 

Critical Metals raises £215 000 for drilling, road upgrades at DRC project

Aim-listed Critical Metals, operator of Molulu copper/cobalt project, in the Democratic Republic of Congo, has raised about £215 000 in a placing, the proceeds of which will be used for advancing... 

ESG to remain key, Prescient report outlines

Systematic investment firm Prescient Investment Management (PIM) has released its Responsible Investing Report for 2023, which shows the pivotal role of environmental, social and governance (ESG)... 

Africa’s average rank increases marginally in Global Cities Index

Social, geopolitical and technological transformations are actively disrupting the traditional hierarchy of global cities, creating a more widely distributed geography of opportunity, global... 

Emmerson still awaiting Ministerial environmental approval for Morocco project

London-listed Emmerson is still awaiting the session of the Commission Ministérielle de Pilotage (Ministerial Committee) to obtain environmental approval for the Khemisset potash project that it is... 

Outa questions Gazprombank, nuclear procurement announcements

This week’s announcements of government’s plan to pursue the procurement process for 2 500 MW of new nuclear capacity, along with Cabinet’s decision to endorse a R3.7-billion investment deal... 

Madison identifies high-grade uranium at Namibia project

The Khan project, in Namibia, is becoming a valuable asset to Canadian-headquartered Madison Metals and has potential to contain new high-grade uranium discoveries, says chairperson and CEO Duane... 

Orion appoints two nonexecutive directors

JSE- and ASX-listed Orion Minerals has appointed Anthony Lennox and Patience Mpofu as nonexecutive directors. Lennox has 40 years of resource sector experience in operations, project development... 

Hummingbird completes conversion of interest in Dugbe project into Pasofino

Aim-listed Hummingbird Resources has completed the conversion of its 51% interest in the Dugbe gold project, in Liberia, into a 51% controlling interest in TSX-V listed Pasofino, to provide clear... 

Ramaphosa announces establishment of R1bn Presidential PhD Initiative to drive STI

President Cyril Ramaphosa has announced the establishment of the Presidential PhD Initiative, through the initial investment of R1-billion from the National Skills Fund. The President was... 

NRCS recalls cement product over insufficient strength

The National Regulator for Compulsory Specifications (NRCS) is recalling the Econo Cement CEMV/AS-V32.5N product from all distributors and retail outlets across South Africa, saying it has failed... 

IonicRE increases ownership of Makuutu project to 94%

ASX-listed Ionic Rare Earths (IonicRE) has signed a share purchase agreement with Rare Earth Elements Africa to acquire a further 34% interest in local Ugandan operating entity Rwenzori Rare... 

Botswana Diamonds to undertake next stage exploration near its KX36 project

Diamond company Botswana Diamonds will embark on follow-up ground geophysics on four anomalies that were identified contiguous with the company’s KX36 project in the Kalahari, in Botswana. They...