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Marleny Arnoldi is a Creamer Media Deputy Editor Online for Engineering News and Mining Weekly.
Barrick hands over Kahama terminal to Tanzanian govt, revives two mines
International gold miner Barrick Gold Corporation has concluded an eight-month partnership with the Tanzania Airport Authority (TAA) by handing over a new airport terminal built at the closed...
Oriole signs second earn-in agreement in Cameroon with BCM
Gold explorer Oriole Resources has signed a definitive earn-in agreement with BCM International, which will earn up to a 50% interest in Oriole’s Mbe gold project, in Cameroon. This is Oriole’s...
Afsia unpacks record year for global solar installations in 2023
Africa Solar Industry Association (Afsia) finds in its fourth yearly ‘Solar Outlook’ report that 350 GW of solar power were added in 2023, marking the highest year for solar photovoltaic (PV)...
Capital positive about growth prospects in 2024
London-listed mining services company Capital continues to see strong demand across each of its business divisions, with the group expecting to report total revenue of $318-million for the year...
Minerals and metals prices poised for ‘only a slight improvement’ in 2024 – BMI
Research agency BMI expects only a slight improvement to mineral and metals prices next year owing to continued weak demand in mainland China and overall global growth deceleration. Global growth...
Eastern Cape megabridges making steady construction progress after initial setbacks
Following delays and setbacks in recent years, roads parastatal South African National Roads Agency Limited (Sanral) restarted works last year on the Mtentu and Msikaba megabridges, in the Eastern...
Eastern Cape megabridges making steady construction progress after initial setbacks
Following delays and setbacks in recent years, roads parastatal South African National Roads Agency Limited (Sanral) restarted works last year on the Mtentu and Msikaba megabridges, in the Eastern...
Diamcor announces C$2m note issuance
TSX-V-listed Diamcor Mining has announced its intention to complete a convertible loan financing of up to C$2-million consisting of unsecured convertible promissory notes. The company expects that...
Standard Bank sees rapid growth in solar finance offering
Financial services provider Standard Bank foresees continued massive demand for solar and energy-related products this year, after seeing a 400% growth in demand for LookSee’s solar installation...
CFO Aitken appointed interim CEO of Tongaat
Embattled sugar producer Tongaat Hulett has announced that its CFO Rob Aitken will take over as interim CEO from March 1. This follows CEO Dan Marokane being appointed as CEO of State-owned power...
Kore nears finalisation of EPC contract, financing proposal for Kola project
Aim- and JSE-listed Kore Potash has advised that the consortium it is in talks with to provide financing for the Kola project, in Congo-Brazzaville, will soon provide a financing proposal, while an...
Centamin delivers on 2023 guidance, progresses exploration efforts
London- and Toronto-listed gold miner Centamin delivered a solid performance in 2023, producing 450 058 oz and delivering on its yearly guidance for a third year. Centamin has set its production...
Kropz makes last drawdown from recent loan
Aim-listed Kropz has made the final drawdown of R52-million related to a bridge loan facility it secured with its major shareholder, African Rainbow Capital Fund, in December. The full...
BMI predicts more stable metal prices, critical mineral deals in 2024
Research agency BMI on January 17 unpacked the key themes for metals and mining for the year, highlighting that the sector is making a modest recovery amid global deceleration. BMI commodities...
Marula appoints dedicated East African exploration head
Africa-focused mining and development company Marula Mining has appointed Collins Aseto head of exploration in East Africa as the company seeks more battery metal opportunities in the region....
Motuku to head Mintek for another five years
National mineral research organisation the Council for Mineral Technology (Mintek) has reappointed Dr Molefi Motuku as CEO for the next five years. Motuku has stewarded Mintek since 2019 and...
Ivanhoe signs JV with DRC State miner to revive 100-year-old Kipushi mine
TSX-listed Ivanhoe Mines has signed a new joint venture (JV) agreement with State-owned mining company Gécamines to restart the high-grade Kipushi zinc/copper/silver mine, in the Democratic...
Petra maintains ‘cautious’ approach to diamond sales
London-listed Petra Diamonds is heading into the second half of its 2024 financial year with caution, as the rough diamond market continues to stabilise following actions taken by producers and...
Thor increases production guidance for 2024
Thor Explorations has set its production guidance for the new year at between 95 000 oz and 100 000 oz of gold following solid production of 84 609 oz last year. The TSX-V and Aim-listed miner...
PTM progresses studies towards PGMs smelter, refinery in Saudi Arabia
Canada-headquartered miner Platinum Group Metals (PTM) continues to progress a market study that seeks to identify potential global sources of platinum group metals (PGMs) concentrate that could...
Mavuso warns populist politicking ahead of elections can harm reform efforts
Business Leadership South Africa CEO Busi Mavuso foresees a challenging year ahead for business, given the record number of elections that lie ahead. This, coupled with an unprecedented level of...
SA Canegrowers hopes new Tongaat owner will honour industry levy dues
Following shareholder approval of embattled sugar manufacturer Tongaat Hulett’s business rescue proposal, which involves the Vision Group acquiring Tongaat’s debt in exchange for equity, industry...
Laramide PEA confirms potential of New Mexico uranium project
Canadian miner Laramide Resources has confirmed in an independent preliminary economic assessment (PEA) on the Churchrock uranium project, in New Mexico, the long-life and high-margin potential of...
BMI lowers outlook for nickel price
Research firm BMI has revised downward its nickel price forecast for this year to $20 000/t from $20 600/t as the market remains in a supply glut. Simultaneously, weak Mainland Chinese demand and...
Diamcor returns focus to growing Krone-Endora project following turbulent 2023
Canadian miner Diamcor Mining says it will turn its focus back to the advancement and growth of its Krone-Endora at Venetia project, in South Africa’s Limpopo province, this year, following various...
Shanta progresses resource expansion drilling at New Luika
Aim-listed Shanta Gold says drilling of deposits at the Elizabeth Hill and BC North targets at the New Luika mine, in Tanzania, has demonstrated encouraging results. The company also continues...
Gem Diamonds recovers 295 ct diamond in Lesotho
London-listed Gem Diamonds has recovered a high-quality 295 ct Type II white diamond from the Letšeng mine, in Lesotho. The Letšeng mine is among the ten biggest diamond producers by revenue.
Rainbow says positive milestones reached with rare earth processing pilots
London-listed Rainbow Rare Earths has announced progress with its Phalaborwa pilot plant, with rare earth oxide (REO) separation now under way at the facilities of Rainbow’s technical partner,...
Lucara recovers 166 ct diamond from Karowe mine
Canadian miner Lucara Diamond Corporation has recovered a 166 ct diamond from the Karowe diamond mine, in Botswana. The Type IIa diamond was recovered in the Coarse X-Ray Transmission unit at...
EU invests $30m in African digital technology aid fund
Luxembourg-headquartered lending institution of the European Union (EU), European Investment Bank (EIB) Global has announced a $30-million equity investment in Seedstars Africa Ventures’ Fund I,...
TNPA to appoint panel to bridge ‘operational gaps’ at eight seaports
Transnet National Ports Authority (TNPA) is looking to appoint a panel of qualified service providers as terminal operators to step in and assist in closing “operational gaps” at its eight...
Reward announces capital raise to advance Beyondie SoP project
After gaining shareholder approval for the acquisition of the Beyondie sulphate of potash (SOP) project, in Western Australia, ASX-listed Reward Minerals is seeking to raise about A$22.8-million...
FQM denies Zambian copper sale rumours
Zambia-focused First Quantum Minerals (FQM) has clarified that it does not intend to sell a stake in its copper mines in the country. FQM owns 80% of the Kansanshi copper mine and smelter in...
Seifsa hopes for more PPPs this year
The Steel and Engineering Industries Federation of Southern Africa (Seifsa) will continue to advocate for more private sector participation in public infrastructure this year, with CEO Lucio...
SSR appoints Malchuck to board
TSX- and ASX-listed SSR Mining has appointed Daniel Malchuck to its board effective January 8. He will also serve on the board’s technical, safety and sustainability committee.
Release by Scatec secures $100m loan, guarantee from the IFC
Modular solar photovoltaic and battery energy storage offering Release by Scatec has signed a $100-million loan agreement with the International Finance Corporation (IFC), as part of a larger...
EnerGeo says seismic surveying does not irreparably damage marine life
Geoscience and energy exploration industry body EnerGeo Alliance has said there is no evidence to suggest that seismic surveys are irreparably damaging to marine life. Rather, it argued, seismic...
Thungela expects volume boost from Aus mine, while rail impacts South African volumes
JSE-listed Thungela Resources expects to report 2.9-million tonnes of saleable production from the Ensham operation, in Australia, for the 2023 financial year, which is above the company’s...
Sacci BCI rises, but meaningful momentum lags
The Business Confidence Index (BCI) published by the South African Chamber of Commerce and Industry (Sacci) has nudged up by 2.9 index points to 111.5 in November, from 108.6 in October. The BCI...
PE Bulk Terminal completes yearly maintenance
Transnet Port Terminals (TPT) has successfully concluded the yearly ten-day maintenance shutdown of the Port Elizabeth Bulk Terminal to ensure the seamless handling of manganese for the next 12...
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