Burgundy CEO believes his diamond company is undervalued

ASX-listed Burgundy Diamond Mines (BDM) CEO and MD Kim Truter believes the company is trading at a significant discount, presenting a real opportunity for investors. “At some point, the market is... 

Jupiter scoping study shows strong case for North America-based plant

ASX-listed Jupiter's newly released scoping study evaluating the opportunity to supply high-purity manganese sulphate monohydrate (HPMSM) to the electric vehicle (EV) battery market has yielded... 

Built Environment Indaba to address substandard project delivery, other challenges

Poor-quality projects, site invasions and inadequate transformation are some of the key issues that will be addressed at the inaugural Built Environment Indaba, which will be held at the Gallagher... 

Construction sector mafia targeting executives as well

The impact of the construction mafia is starting to be felt higher up the food chain, with Black Building Council in the Built Environment (BBCBE) president Danny Masimene noting that executives... 

Danson resigns as Sibanye director

Savannah Nonhlanhla Danson has resigned as nonexecutive director of mining and metals processing group Sibanye-Stillwater. She was a member of the company’s safety and health, remuneration, audit,... 

Pensana sends samples to South Africa for metallurgical test work

London-listed Pensana has announced that a carbonatite 4.7% total rare earth oxide (TREO) bastnaesite sample from Coola and a 4.8% TREO-enriched laterite sample from Sulima West, both in Angola,... 

Metso launches Concorde Cell flotation technology in Africa

Process and optimisation technology company Metso has launched the first of its Concorde Cell high-intensity pneumatic flotation units in Africa through local manufacturing partner Betterect, which... 

70 out of 72 municipalities approved for Eskom debt relief

Out of 72 municipality applications for State-owned Eskom debt relief, 70 have been approved, Finance Minister Enoch Godongwana revealed in his 2024 Budget on February 21. The 72 applicants... 

Kilimapesa restart on track following mill relining in January

Progress at the Kilimapesa mine, in Kenya, is on track since the relining of the mill in January and the restart of production, London-listed Caracal Gold CEO Robbie McCrae has said. “We look... 

Tirupati to remain listed, shuffles board

Following recent speculation among investors, London-listed Tirupati Graphite has confirmed that there are no plans to take the company private, emphasising that the board remains confident that... 

Exxaro warns of lower earnings on the back of decrease in export prices, weaker rand

Diversified resources company Exxaro Resources has warned shareholders that it is likely to report a 16% to 30% year-on-year decrease in headline earnings per share (HEPS) for the year ended... 

Red Rock execs will have to personally visit DRC to resolve $10m claim

Aim-listed Red Rock Resources has noted that its senior management will have to personally travel to the Democratic Republic of Congo (DRC) to resolve a $10-million claim the company has instituted... 

M&R gets back on track with narrowed losses, lower debt

JSE-listed Murray & Roberts (M&R) has reported a significant year-on-year reduction in its attributable loss for the six months ended December 31, 2023, signalling a positive turn in its financial... 

Kavango reveals promising resource estimates at Zimbabwe project

Southern Africa-focussed metals explorer Kavango Resources has received a maiden resource estimate for the two largest tailings dumps at the Nara gold project, in Zimbabwe, revealing an indicated... 

Firestone puts 215 ct diamond up for sale

UK-registered diamond mining company Firestone Diamonds has put a 215 ct natural diamond recovered at its Liqhobong diamond mine, in the highlands of Lesotho, up for sale.  The diamond represents a... 

Tsodilo withdraws contempt motion as Botswana Minister complies

Canadian mineral resources exploration and development company Tsodilo Resources has withdrawn its contempt motion, which sought to hold Botswana Minerals and Energy Minister Lefoko Moagi to... 

PwC report highlights importance of building trust by paying tax

Auditing firm PwC has released its ‘Building Public Trust through Tax Reporting’ publication, which outlines the importance of tax in the business operating environment and look at why tax is... 

African Risk Capacity marks ten year anniversary

Parametric insurer African Risk Capacity is commemorating its tenth anniversary. The company was founded in 2014 with the sole mandate from the African Union heads of States to provide insurance... 

Lotus Resources to join the ASX 300 index

ASX- and OTCQB-listed Lotus Resources will join the S&P/ASX 300 index on March 18, following the index’s March quarterly review. Lotus owns an 85% interest in the Kayelekera uranium project, in... 

Madison encouraged by high-grade uranium assays at its Khan project

The latest assay results from uranium exploration and development company Madison Metals’ recent surface trench sampling programme at its Khan project, in Namibia, have returned an average grade of... 

Chieta announces new green hydrogen qualifications, skills programmes

The Chemical Industries Training and Education Authority (Chieta) will be registering new qualifications on green hydrogen and offering specialised skills programmes relevant to growing the green... 

Long lead item orders placed, site preparation works well under way at Longonjo

Preparatory works are forging ahead smoothly at rare earths mining company Pensana’s Longonjo project in Angola, with main construction expected to start in May and cold commissioning to follow in... 

Lender due diligence for Madaouela uranium project under way

TSX- and OTQCB-listed GoviEx Uranium has announced that lender due diligence for the Madaouela uranium project, in Niger, has begun, with the appointment of consulting firm SLR Consulting acting on... 

UK Hydrogen Week highlights green hydrogen investments

Following its inauguration last year, UK Hydrogen Week is taking place once again, from February 26 to March 3. The World Platinum investment Council says more than 6 300 individuals and 110... 

EWSETA develops, implements specialised renewable energy, water training programmes

To support the development of critical skills within the water and energy sector, the Energy and Water Sector Education and Training Authority (EWSETA) is developing and implementing specialised... 

Goldstone’s ride could be over unless funding can be found

Aim-listed Goldstone is still trying to raise additional funds to provide working capital for its operational development and to settle various balances owed to outstanding creditors. In the event... 

Diamcor reports a $1m loss for the third quarter

Junior diamond mining company Diamcor Mining has reported a net loss of about $1-million, or about $0.01 a share, for the quarter ended December 31, 2023. This compares with a net loss of $386 619... 

Bambili close to finishing feasibility study on hydrogen fuel cell power system for Anglo’s head office

Diversified mining major Anglo American has selected hydrogen energy solutions company Bambili Energy to deploy a 2 MW hydrogen fuel cell power system lighthouse project to provide electricity at... 

South Africa looks to Japanese collaboration on green hydrogen development

The Japan External Trade Organisation (Jetro) this week hosted key South African private and public sector delegates and a high-profile Japanese business delegation at a green hydrogen seminar, in... 

DBSA’s new Project Vumela financing instrument to help municipalities fund bulk infrastructure investment

Development finance institution the Development Bank of Southern Africa (DBSA) has introduced a new financing instrument called Project Vumela, which blends municipal revenue sources with financing... 

Infrastructure finance, implementation support agency for PPPs in the offing

The National Treasury has revealed the planned establishment of an infrastructure finance and implementation support agency during the 2024/25 fiscal year to coordinate the planning and preparation... 

Eskom to take over Ekurhuleni loadshedding owing to city’s noncompliance

State-owned utility Eskom will resume direct loadshedding for City of Ekurhuleni (CoE) customers after the city's repeated failure to adhere to its obligations in this regard. Eskom said in a... 

IBM investing in AI training to address technology skills gap

To address the impending skills shortage in the artificial intelligence (AI) and automation space, technology company IBM has launched initiatives to train two-million learners globally, focusing... 

Multi-Party Charter reveals its plans to end loadshedding if ANC can be ousted

The 11 political parties that are members of the Multi-Party Charter (MPC) for South Africa have voiced a unified plan to end loadshedding once and for all if only they could collectively oust... 

Akobo finalises debt restructuring agreement

Scandinavia-based gold exploration and mining company Akobo Minerals, which has operations in Ethiopia, has finalised an agreement regarding completion of its debt restructuring. This follows the... 

TVET colleges ‘not in a good state’ – Ewseta

South Africa’s technical and vocational education and training (TVET) colleges are not in a good state, Energy and Water Sector Education and Training Authority (Ewseta) CEO Mpho Mookapele has... 

Industry failure to report skills requirements undermining economic growth

The Energy and Water Sector Education and Training Authority (Ewseta) has said it cannot accurately determine critical skills needs in the sector because industry participants do not accurately... 

Tertiary signs JV agreement to form new Zambian copper exploration company

Aim-listed Tertiary Minerals has signed a new joint venture (JV) agreement with local partner Mwashia Resources that will consolidate ownership of the Jacks, Mukai and Mushima North copper... 

Disappointing results from world’s top miners highlight market challenges, Tickmill says

The underwhelming results from two of the largest global multinational mining and commodity companies Anglo American and Glencore, which both released their 2023 financial and preliminary results... 

Base says Kwale on track to achieve production guidance

African mineral sands producer and developer Base Resources has reported that its Kwale operation, in Kenya, continued to perform to plan and remains on track to achieve production guidance for the...