Air Liquide subsidiary chooses local BBBEE partner

Air Liquide Large Industries South Africa (ALLISA) has appointed investment holding company Community Investment Holdings (CIH) as its local broad-based black economic empowerment (BBBEE) partner,... 

Parties sign letter of intent to develop multibillion-dollar corridor connecting Guinea and Liberia

US-based mineral exploration and development company High Power Exploration (HPX), which is backed by Ivanhoe Mines co-chairperson Robert Friedland, has signed a letter of intent (LoI) with the... 

South Africa records R9.4bn trade deficit for January

Trade statistics for January, released by the South African Revenue Services on February 29, show a preliminary trade deficit of R9.4-billion, an improvement from the R24.4-billion trade deficit... 

Dept to assess research findings on job creation, retention

The Department of Employment and Labour (DEL) will study the findings of two independent research reports on youth unemployment and consider how the research proposals can help it create and retain... 

Lucapa posts full-year loss amid volatile market conditions

In 2023, the global diamond market experienced a downturn and volatility and although the large, high-quality diamonds recovered from both its Lulo and Mothae operations achieved decent prices at... 

Amplats signs renewable energy offtake agreement with Envusa Energy

Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) has, through its wholly owned Rustenburg Platinum Mines (RPM) subsidiary, entered into a 20-year energy offtake agreement (EOA)... 

WFDB concerned about G7 proposal to restrict trade in Russian diamonds

The World Federation of Diamond Bourses (WFDB) has launched a campaign to unite the diamond and jewellery industry in presenting its concerns regarding the proposed Group of Seven (G7) restrictions... 

Minerals Council, HSRC to conduct survey into mining research, innovation investment

Minerals Council South Africa and the Human Sciences Research Council (HSRC) have signed a memorandum of understanding to conduct a survey to gain a comprehensive overview of the research,... 

BCG highlights challenges, opportunities amid energy transition

Amid the global transition to cleaner energy sources, African countries face various challenges and opportunities pertaining to the adoption of renewable energy. Consulting firm Boston Consulting... 

dtic opens entries for Black Industrialists, Exporters Awards

The Department of Trade, Industry and Competition (dtic) has opened entries for the Black Industrialists and Exporters Awards, the ceremony for which will take place at the Sandton International... 

Sovereign commissions sustainable farming initiative in Malawi

ASX- and Aim-listed titanium and graphite miner Sovereign Metals has commissioned a conservation farming programme, in Malawi, as part of the environmental, social and governance (ESG) obligation... 

‘Deep’ reforms, Transnet appointments key to dealing with South Africa’s logistics crisis – BLSA

With commodity prices declining and mining companies being unable to get output to their markets owing to issues with the rail and port services that State-owned utility Transnet provides, business... 

OATC celebrates tenth anniversary, highlights importance of offshore safety

The Offshore Africa Training Centre (OATC), in Cape Town, in the Western Cape, celebrated its tenth anniversary on February 22 and introduced a new survival training course. As South Africa moves... 

Absa launches repositioned brand, aims for human-centred banking

Financial services provider Absa has launched its repositioned brand, signalling a shift to a more deliberately customer-centric business with the new brand promise being the theme ‘Your Story... 

Partnership set to establish one of the largest Big Five game reserves in South Africa, serve as exemplar PPP

The Mpumalanga Tourism and Parks Agency (MTPA) has partnered with non-governmental organisation the Aspinall Foundation and its South African subsidiary WeWild Africa to create one of the largest... 

dtic to host second Black Industrialists and Exporters Conference

The Department of Trade, Industry and Competition (dtic) – in partnership with the Industrial Development Corporation and the National Empowerment Fund – will host the second Black Industrialists... 

Mintek celebrates 90-year anniversary with launch of new conference

As a tribute to its 90 years in existence, national mineral research council Mintek will host the Mintek@90 Conference, at the Sandton Convention Centre, from November 11 to 12. The conference will... 

Lotus to raise $30m to accelerate Kayelekera restart, Letlhakane development

ASX-listed Lotus Resources plans to raise $30-million through the issue of 100-million new shares at $0.30 apiece to strategic investors. The placement funds will enable Lotus to accelerate the... 

DMRE, IDC establish Junior Mining Exploration Fund

The Department of Mineral Resources and Energy (DMRE) and the Industrial Development Corporation of South Africa (IDC) have signed a memorandum of agreement officially establishing the Junior... 

Sylvania reports positive results despite lower PGM prices

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... 

Mondi reports lower Ebitda, concludes exit from Russia

Paper and packaging group Mondi achieved underlying earnings before interest, taxes, depreciation and amortisation (Ebitda) of €1.2-billion for the year ended December 31, 2023, compared with... 

Adcock reports resilient performance despite challenging market conditions

JSE-listed pharmaceuticals manufacturer Adcock Ingram says it has delivered a “resilient performance” for the six months ended December 31, 2023, despite challenges facing consumers, such as high... 

SepFluor appoints new CEO, expects higher throughput

South African fluorspar producer SepFluor has appointed Hendrik Snyman to succeed Rob Wagner as CEO. Wagner stepped down as CEO on December 31, 2023, but will remain as an adviser to the company... 

Petra urges discipline among diamond producers to ensure balanced inventory levels

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... 

Northam’s interim earnings impacted by commodity price decrease

With the decrease in commodity prices, earnings across the platinum group metals (PGMs) sector are under pressure. This will, consequently, constrain cash generation across the sector, resulting in... 

Tormin Mineral Sands faces production delays

Mining and development company Mineral Commodities’ (MRC’s) operations at the Tormin mine, in South Africa – held by the company’s 50%-owned subsidiary Mineral Sands Resources – has, so far,... 

Red Energy launches SigenStor in South Africa

Commercial solar energy specialist Red Energy has launched SigenStor – an artificial intelligence (AI) optimised five-in-one energy storage system – in South Africa. Red Energy has been chosen as... 

Landsdowne sees growth potential for sectional title estates in townships

As managers of the Orlando Towers Estate, a sectional title and lifestyle development in Soweto, Gauteng, residential estate manager Landsdowne Property Group notes that there is growth potential... 

Tulu Kapi stakeholders commit to proceed with project development

Following meetings with senior representatives of stakeholders for aim-listed Kefi Gold and Copper’s Tulu Kapi Gold project, in Ethiopia, at this year’s Investing in African Mining Indaba, all... 

HPX, Liberian govt, Guma sign letter of intent to develop Liberty Corridor

US-based mineral exploration and development company High Power Exploration (HPX), which is backed by Ivanhoe Mines co-chairperson Robert Friedland, has signed a letter of intent (LoI) with the... 

Steelmakers turning to DRI amid transition

With global steelmakers increasingly turning to scrap steel recycling and direct reduced iron (DRI) as alternatives to blast furnaces, steel producers will not need to rely on carbon capture if the... 

Volt makes progress for much larger funding from US energy dept

Graphite producer and natural graphite anode developer Volt Resources says the US Department of Energy (DoE) has approved its concept paper for the ‘Integrated Production of Natural Graphite Anode... 

DFC announces new financing for Lobito Corridor

US International Development Finance Corporation (DFC) deputy CEO Nisha Biswal has announced new financing in support of the Lobito Corridor, which extends across Angola, Zambia and the Democratic... 

AECI outlines new strategy as it celebrates centenary anniversary

JSE-listed AECI celebrates its centenary this year, with Group CEO Holger Riemensperger attributing the company’s success to its solution-focussed value proposition and dedication from its... 

Temporary poultry rebate in response to HPAI outbreak, Itac says

Amid the creation of a temporary rebate on poultry products – as set out by Trade, Industry and Competition Minister Ebrahim Patel to the International Trade Administration Commission of South... 

Jubilee embarks on Zambia expansion strategy

Metals processing company Jubilee Metals aims to expand its operations in Zambia to produce an initial 25 000 t/y of copper. The strategy includes the expansion of Jubilee’s copper resource base... 

Amplats reports flat full-year refined output, warns of lower earnings

Platinum group metals (PGM) miner Anglo American Platinum (Amplats) has informed shareholders that it expects to report a 67% to 77% year-on-year decrease in headline earnings and headline earnings... 

Durban Automotive Cluster launches applications for Business Accelerator

The Durban Automotive Cluster (DAC) has opened applications for its Business Accelerator Programme – spearheaded by the support of the eThekwini municipality and automotive companies, including... 

Tim Schlick to succeed Huw Daniel as PGI CEO

Platinum marketing organisation Platinum Guild International’s (PGI’s) long-time CEO Huw Daniel will retire at the end of March, after 21 years with the organisation. Having started his tenure in... 

DMRE, IDC establish Junior Mining Exploration Fund

The Department of Mineral Resources and Energy (DMRE) and the Industrial Development Corporation of South Africa (IDC) have signed a memorandum of agreement officially establishing the Junior...