Exxaro expects lower full-year volumes, but stable demand

Diversified mining and renewable energy group Exxaro Resources says seaborne thermal coal prices have remained under pressure for most of the year, owing to weak demand in Europe and Northeast... 

Delta reports lower interim rental income, but also lower expenses

Real estate investment trust (Reit) Delta Property Fund has reported lower rental income of R573-million in the six months ended August 31, largely owing to a decline in contractual rental income... 

Ivanhoe discovers more high-grade copper to the west of Kamoa-Kakula

TSX-listed Ivanhoe Mines has made a high-grade copper discovery to the west of its Kamoa-Kakula Copper Complex in the Democratic Republic of Congo. The discovery was made on joint venture licences... 

Red Rock granted second exploration licence in Côte d'Ivoire

Gold, copper, cobalt and lithium developer Red Rock Resources’ subsidiary in Côte d'Ivoire has been issued a second licence in the country covering 380 km2 in an area south of Yamoussoukro. The... 

Bureau Veritas goes off-grid at lab in Cape Town

Global testing, inspection and certification body Bureau Veritas has installed a solar power plant at its AgriFood Laboratory, in Cape Town, to enable operations to continue without reliance on the... 

Southern Palladium brings Baxter on board as chairperson

ASX- and JSE-listed Southern Palladium has appointed Roger Baxter as nonexecutive chairperson, effective January 1, 2024. Baxter had been CEO of the Minerals Council South Africa for eight years... 

Busa, B4SA raise deep concerns over lack of due process on NHI adoption

Business Unity South Africa (Busa) and Business for South Africa (B4SA) have written to the National Council of Provinces (NCOP), as well as to Deputy President Paul Mashatile to raise their deep... 

Families of unlawfully convicted engineers plead with Dirco to ramp up bilateral efforts

It has been more than nine months since Frik Potgieter and Peter Huxham were arrested on fabricated charges in Equatorial Guinea, with their families urging the South African government to step up... 

S&P’s upgrades Eskom’s ratings on the back of govt bailouts

State-owned power utility Eskom’s long-term issuer credit rating has been upgraded to ‘B’ from ‘CCC+’ with a stable outlook on the group’s senior secured and senior unsecured debt. Ratings agency... 

Perseus lifts stake in OreCorp to 19.9% ahead of vote on takeover by Silvercorp

ASX- and TSX-listed Perseus Mining has increased its interest in Tanzanian gold miner OreCorp from 15.03% to 19.9%. OreCorp owns the Nyanzaga gold project in northwest Tanzania, which has a... 

Lhyfe to build green hydrogen site at French port

The Nantes Saint-Nazaire port, in France, has awarded a tender to Paris-listed green hydrogen producer Lhyfe to develop an industrial production and distribution site in Montoir-de-Bretagne. The... 

Base turns focus to Toliara project as Kwale comes to an end

Mineral sands producer Base Resources describes the 2023 financial year as one of operational and financial success in which the company delivered robust results at its Kwale Operations, in Kenya,... 

ARM buys out JV partner in Nkomati mine

South African diversified miner African Rainbow Minerals (ARM) has concluded an agreement to buy global nickel and palladium miner Norilsk Nickel Africa’s (NNAf’s) 50% interest in the joint venture... 

Ford investing R5.2bn to produce plug-in hybrid Ranger at Silverton plant

On the occasion of celebrating its 100-year anniversary, automotive manufacturer Ford Motor Company South Africa (FMCSA) has announced it will start producing plug-in hybrid electric vehicle (PHEV)... 

African travel, tourism seen growing by $168bn with the right policies

The World Travel & Tourism Council (WTTC) estimates that the African travel and tourism sector could add $168-billion to the continent’s economy and create more than 18-million new jobs, depending... 

Gauteng identified as a driver of low-carbon development

With Cabinet having approved the Just Energy Transition Implementation Plan in the week of November 21, Presidential Climate Commission (PCC) adaptation head Dhesigen Naidoo has confirmed that the... 

Experts agree climate change discussions need to filter down to household level

As climate change becomes ever more prevalent in South Africa, stakeholders from the private sector, government, labour and civil society are increasingly engaging on points of concern and... 

Wear liner manufacturer Tega ventures into capital equipment production

Mining engineering solutions company Tega Industries Africa will start manufacturing capital equipment following its acquisition of US-based McNally Sayaji Equipment.  The merged and rebranded Tega... 

Bushveld announces progress in Vanchem sales deals

Aim-listed Bushveld Minerals has entered into a definitive agreement for the sale of its Bushveld Vanchem business to Southern Point Resources (SPR) for $21.3-million. Bushveld Vanchem owns the... 

Oriole, BCM to enter into earn-in agreements on Cameroon gold projects

Aim-listed Oriole Resources has signed two nonbinding heads of terms (HoT) with Ghana-based contractor BCM International to fast-track development of the Bibemi and Mbe gold projects, in Cameroon.... 

Astral posts R621m loss on the back of bird flu, loadshedding crises

JSE-listed integrated poultry producer Astral Foods has posted a loss of R621-million for the financial year ended September 30, owing to detrimental impacts from loadshedding and avian influenza.... 

Abyssinian launches legal dispute against State JV partner in Ethiopia

Abyssinian Metals, African Mining and Energy (AME), Abyssinian Investments and Kenticha Mining (KMP) have taken steps to issue a notice and dispute and request for negotiations to the Ethiopian... 

DFFE launches invasive plant removal programme

The Department of Forestry, Fisheries and the Environment (DFFE) has launched a five-year R2.67-billion Working for Water Programme aimed at eradicating invasive alien plants in communities. The... 

MTN Investments settles part of Eurobond notes a year early

JSE-listed telecommunications group MTN company MTN Investments has received valid tenders of $353.1-million for the purchase on November 16 in a cash tender offer for notes that are due on... 

PepsiCo’s Kgodiso Fund gets behind agri-tech platform Khula!

Multinational food and beverage group PepsiCo has announced an investment by its independent fund Kgodiso Development Fund into agri-tech company Khula! To support sustainable finance and market... 

DRA expands executive committee with four new VPs

ASX- and JSE-listed engineering and operations management group DRA Global has announced new appointments to its executive committee as the company works to drive its ‘Roadmap to 2025’ strategy.... 

Partners in Lobito Corridor target construction completion in five years

Following the signing of a seven-sided memorandum of understanding (MoU) between two financial institutions and the governments of the US, the European Union, Angola, the Democratic Republic of... 

Marula advances Tanzanian, South African projects

As Africa-focused Marula Mining works to expand lithium ore processing capacity at its Blesberg lithium and tantalum project, in South Africa’s Northern Cape province, the company loaded and hauled... 

Emira’s interim distributable earnings dip by 18% on one-off events

JSE-listed Emira Property Fund has posted an 18% year-on-year decrease in distributable earnings of R310-million for the six months ended September 30, mainly owing to disposals and lower income... 

Experts agree ‘beyond compliance’ is the way forward for mining

There is increasing pressure from stakeholders in all sectors for companies to improve their environmental, social and governance (ESG) practices, but the mining industry, in particular, has to... 

TWK posts lower earnings amid global market pressures

Diversified agriculture and forestry company TWK Agri has posted lower earnings before interest, taxes, depreciation and amortisation (Ebitda) of R620-million from continuing operations, marking a... 

SCB to pay R42.7m penalty in exchange rate manipulation matter

The Competition Commission reports that it has reached a settlement agreement with UK-based multinational bank Standard Chartered Bank (SCB), in which SCB admits liability to the manipulation of... 

Teraco completes expansion of DB1 data centre facility in Durban

Data centre provider Teraco has completed an expansion project at its DB1 facility, in Durban, which is now the largest data centre in KwaZulu-Natal. The company says Durban is experiencing... 

New-vehicle sales down 1.8% y/y in the third quarter, but NEV sales rise

New-vehicle sales declined by 1.8% year-on-year in the third quarter of this year, but increased by 6.3% quarter-on-quarter. Notably, new energy vehicle (NEV) sales by 17 industry brands increased... 

Short-term outlook for trade conditions remains negative, Sacci reports

The South African Chamber of Commerce and Industry (Sacci) finds in its latest Trade Conditions Survey that the sector is facing increased pressure both in terms of current trade conditions, as... 

Anglo launches digital traceability solution Valutrax for base metals, iron-ore

Diversified miner Anglo American has launched a digital traceability solution called Valutrax, which is designed to provide customers with greater assurance about the provenance of the products... 

Premier halts concentrate shipments for two months to allow for plant builds

London-listed Premier African Minerals has advised that its Zulu lithium and tantalum project, in Zimbabwe, should be at full production in January next year. The company has been progressing... 

Unemployment rate decreases to 31.9%

The official unemployment rate has decreased by 0.7 of a percentage point to 31.9% in the third quarter of the year. This compares with the unemployment rate of 32.6% in the second quarter. 

Doyer to head up Grain SA from January

Industry body Grain South Africa (Grain SA) has appointed Dr Tobias Doyer as its new CEO, effective January 8. Doyer brings a wealth of expertise and capability to the Grain SA group of entities,... 

UAE to address geopolitical gridlocks in year of chairing KP

In its second undertaking as the chair of the Kimberley Process (KP), the United Arab Emirates (UAE) has vowed to advance a number of crucial initiatives through to fruition. The KP is a United...