South Africa climbs to 23rd in PwC’s EMEA Private Business Attractiveness Index

Within the Europe, Middle East and Africa (EMEA) region, South Africa is being looked at in a more favourable light as a location for private business, according to PwC’s latest 'EMEA Private... 

Metals and engineering employers, trade unions sign landmark relationship agreement

Employers and trade unions who attended a Metal and Engineering Industries Bargaining Council (MEIBC) meeting on January 31 have signed a landmark process or relationship agreement, paving the way... 

Sylvania reports 10% drop in production owing to December shutdown

Platinum group metals (PGM) producer and developer Sylvania reported a 10% drop in production for the quarter ended December 31 – the second quarter of its 2024 financial year. The Sylvania Dump... 

Kwale titanium mine to close at end of year

African mineral sands producer Base Resources has confirmed that its Kwale titanium mining operation in Kenya will come to an end at the end of the year. In an operational, development and... 

Global economic growth expected to stagnate this year

Global economic growth is expected to be subdued, if not stagnant this year, with global trade also expected to be sluggish, financial services provider Investec reports. According to the World... 

Gauteng transport department ‘deeply concerned’ about traffic light vandalism

The Gauteng Department of Roads and Transport has expressed “deep concern” regarding a recent surge in vandalism and theft targeting traffic signals within the province. In a statement issued on... 

Glencore allows Falco to use its land for Horne 5

Base and precious metals exploration and development company Falco Resources has entered into an operating licence and indemnity agreement (OLIA) with diversified miner Glencore Canada, in which... 

Merafe’s 2023 chrome production 22% down year-on-year

Chrome producer Merafe has reported that its attributable ferrochrome production from the Glencore Merafe Chrome Venture in the fourth quarter ended December 31  was 75 000 t, compared with the 97... 

Ethiopia’s Tulu Kapi gold project receives lead-lender thumbs up

Aim-listed Kefi Gold and Copper has received confirmation of conditional final credit committee approval from the lead lender for its “shovel-ready" Ethiopian development project, the high-grade... 

Glasfit achieves Level 2 BBBEE certification

Glass repair and replacement company Glasfit has attained its broad-based black economic empowerment (BBBEE) Level 2 certification, featuring a 55.9% black female ownership. “We believe diversity... 

Marula commissions Rados XRF ore sorter at Blesberg mine

AQSE-listed mining and development company Marula Mining has completed the commissioning of a Rados SRF100-8 X-ray fluorescence (XRF) ore sorter at its Blesberg lithium and tantalum mine, in the... 

Downstream companies implore ArcelorMittal South Africa, govt to avoid long steel plant closures

The South African downstream steel industry has urgently appealed to both steel producer ArcelorMittal South Africa (AMSA) and the government to find immediate solutions that will allow the... 

Tsodilo applies to have Botswana Minerals and Energy Minister held in contempt of court

Canadian mineral resources exploration and development company Tsodilo Resources has filed an interlocutory application in the Botswana High Court, calling on Minerals and Energy Minister Lefoko... 

Seriti donates R6.5m worth of vehicles to Emalahleni SAPS

Coal mining company Seriti Resources’ Seriti Community Trust has handed over ten new vehicles worth R6.5-million to the South African Police Service (SAPS) in Emalahleni, Mpumalanga. The vehicles... 

Madison receives first tranche of forward sales agreement at prices well above price floor

Canadian uranium exploration and development company Madison Metals has announced that, since November last year, it has successfully received funds for the first tranche of its forward sales... 

Financial closure for $90m small-scale LNG plant in Tanzania imminent

Energy solutions company KS Energy is targeting financial closure this year for the first phase of a small-scale liquefied natural gas (LNG) supply chain in partnership with a Tanzanian gas... 

South African delegation to Davos says it used opportunity to punt investment potential

South Africa’s delegation to the World Economic Forum’s (WEF’s) yearly meeting in Davos, Switzerland, from January 15 to 19, led by Finance Minister Enoch Godongwana, has said it used the platform... 

University of Pretoria scientists lead study on natural hydrogen find in Mpumalanga

Scientists at the University of Pretoria (UP) are leading a study of natural hydrogen gas discovered beneath the Earth’s surface in Mpumalanga.   The gas could be a source of renewable energy that... 

Zenith resumes full control over Split Rocks and Waratah Well lithium projects

ASX-listed Zenith Minerals has resumed 100% control over both the Split Rocks and Waratah Well lithium projects in Western Australia. "Regaining full control of our key lithium assets in Western... 

ERG guns for cobalt refinery development in Saudi Arabia

Diversified mining company Eurasian Resources Group (ERG) is pursuing the development of a refinery to process cobalt hydroxide into cobalt sulphates, the primary form of supply for cobalt-bearing... 

Fortune Bay acquires Spruce uranium project in Saskatchewan

TSXV-listed exploration and development company Fortune Bay has acquired the Spruce uranium project in the north-central margin of the Athabasca Basin, near the community of Fond du Lac, in... 

BMI forecasts a higher average copper price in 2024

Market research organisation BMI – a Fitch Solutions company – has maintained its average yearly copper price forecast at $8 800/t for this year. This is higher than the 2023 average price, and is... 

Merafe reports a 22% drop in chrome production for 2023

Chrome producer Merafe has reported that its attributable ferrochrome production from the Glencore Merafe Chrome Venture in the fourth quarter ended December 31  was 75 000 t, compared with the 97... 

Thirtieth Mining Indaba to focus on industry disruption, change

This year the Investing in African Mining Indaba, which takes place from February 5 to 8, in Cape Town, will celebrate its 30-year anniversary. Under the theme ‘Embracing the power of positive... 

Durban Container Terminal Pier 2's performance improving but ‘not out of the woods’

The Durban Container Terminal (DCT) Pier 2 has averaged single-digit vessels at anchor over the last two weeks, having earlier ensured that all priority cargo across the retail, automotive, energy... 

Tharisa reports highest ever quarterly chrome output, increased PGMs production

London- and JSE-listed Tharisa has reported an 8.7% increase in mill throughput at its South African operations to more than 1.4-million tonnes, with improvements in both grade and recovery for... 

Kefi receives approval from final credit committee to go ahead with Tulu Kapi gold project

Aim-listed Kefi Gold and Copper has received confirmation of conditional final credit committee approval from the lead lender for its “shovel-ready" Ethiopian development project, the high-grade... 

Richards Bay Bulk Terminal conveyor repairs remove 400 coal trucks from roads

One of three conveyor belts damaged in the October 2021 fires has returned to full operation at the Richards Bay Bulk Terminal, in KwaZulu-Natal, and will prioritise the handling of coal exports.... 

Lucara extends repayment schedule on $220m debt package

Diamond mining company Lucara Diamond has executed amended documentation related to its senior secured project financing debt package, initially established in July 2021 at a value of $220-million.... 

Genmin receives permit for Gabon iron-ore mine

Emerging African iron-ore producer Genmin has announced that a large-scale 20-year mining permit has been issued for its 100%-owned Baniaka iron-ore project in Gabon. The mining permit was issued... 

US Supreme Court maintains veto on Alaskan Pebble project

Canadian mineral exploration and development company Northern Dynasty Minerals has reported that the US Supreme Court has denied Alaska’s petition to review its claims that the Environmental... 

Global climate action insufficient to meet 2050 goal of 1.5 °C limit – report

Global emissions, which are continuing to rise by 1.5% a year, must be cut by 7% every year until 2030 to limit global warming to 1.5 °C, as agreed by countries that signed the Paris Agreement in... 

Oriole receives remaining signature payment for Bibemi earn-in agreement

Following the recently-executed definitive earn-in agreement on Aim-listed gold exploration company Oriole Resources’ Bibemi gold project, in Cameroon, the company reported on January 8 that it had... 

Absa PMI ends 2023 on stronger footing as December business activity rises

Financial institution Absa’s Purchasing Managers’ Index (PMI) closed out 2023 on a somewhat stronger footing, rising by 2.7 points to 50.9 index points in December.  Absa said on January 8 that... 

Aterian acquires 90% controlling interest in Atlantis

London-listed critical metals exploration and development company Aterian has signed a share purchase agreement (SPA) to acquire a controlling 90% interest in private Bostwana-registered business... 

Access to water, logistics infrastructure major hurdles to hydrogen economy

One of the challenges standing in the way of South Africa becoming a world-class green hydrogen producer is that South Africa is a water-scarce country, and that enormous volumes of water are... 

Petra reports total third-tender cycle sales of $69.7m

Diamond producer Petra Diamonds has announced the final sales results for its third tender cycle following further sales of 56 600 ct for $9.3-million. This brings total sales for the cycle to... 

Fabergé, Regent unveil new sea-themed egg

Jewelled egg maker Fabergé has introduced a new luxury egg called Journey in Jewels in partnership with Regent Seven Seas Cruises. The egg was unveiled at a gala event in Miami, Florida, on... 

Loncor agrees to sell DRC project for C$13.5m

Canadian gold exploration company Loncor Gold has entered into an agreement for the sale of its Makapela property in the Democratic Republic of Congo (DRC) for C$13.5-million cash. The agreement... 

Zikalala vows to ensure government contractors are paid on time

Public Works and Infrastructure Minister Sihle Zikalala has vowed to intensify Operation Pay-on-Time and urgently put an end to the failure of government to pay service providers in the...