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... 

Glencore to publish updated climate transition plan in March

Diversified miner Glencore plans to publish an updated Climate Action Transition Plan, as well as to report on its progress against its industrial emission reduction targets and ambitions, in... 

Ivanhoe to raise C$500m through private placement

Copper and platinum group metals mining company Ivanhoe Mines has engaged investment banking firm BMO Capital Markets as the sole agent in connection with a proposed offering of about 41.6-million... 

New ore sorter installed at Blesberg ahead of schedule

Mining and development company Marula Mining has confirmed the full installation of the Rados SRF100-8 X-ray fluorescence (XRF) ore sorter, associated conveyors and support equipment at the... 

Resource estimates, scoping study results bolster Sanbrado underground development plans

ASX-listed gold mining company West African Resources (WAF) has released positive resource estimation results and scoping studies concerning a potential underground development beneath the M5 South... 

Bushveld to cut 40% of head office staff in cost saving drive

Vanadium producer Bushveld Minerals will embark on retrenchments at its head office just ahead of Christmas as part of cost-cutting measures aimed at ensuring the long-term competitiveness and... 

Solidarity ‘appalled’ by hostage situation at Gold One

Trade union Solidarity has said it views the latest hostage drama at the Gold One mine, in Springs, Gauteng, in a very serious light, condemning it as yet another case of “appalling and cowardly”... 

Mkango says first recycled rare earth magnets to be produced in the UK in 20 years

Aim-listed Mkango Resources has announced the first production of recycled rare earth magnets in the UK on commercial-scale magnet manufacturing equipment in more than 20 years. Production of... 

$200m Longonjo financing announcement expected early next year

An announcement is expected to be made in the first quarter of next year regarding the financing of the $200-million upfront capital expenditure (capex) needed to develop one of the world’s largest... 

Atlantic announces 15.7Mt maiden feldspar resource estimate at Ewoyaa

Africa-focused lithium exploration and development company Atlantic Lithium has announced a maiden Joint Ore Reserves Committee-compliant mineral resource estimate (MRE) of 15.7-million tonnes at... 

Madison raises $500 000 through private placement

Uranium exploration and development firm Madison Metals has successfully completed a private placement, issuing 1.15-million units at a price of C$0.40 a unit. The transaction generated about $460... 

Standard Bank signs $400m sustainability-linked syndicated term loan

Financial institution Standard Bank has successfully signed a $400-million sustainability-linked syndicated term loan. The facility, coordinated by the Industrial and Commercial Bank of China’s... 

Harmony proposes two new BBBEE share issue transactions

Gold mining company Harmony Gold has proposed two significant transactions aimed at advancing broad-based black economic empowerment (BBBEE) within its operations. The proposals involve the... 

Passage of NHI Bill would spell disaster for the health sector – BLSA

Business Leadership South Africa CEO Busi Mavuso has warned of the deteriorating health sector without the prospect of recovery, owing in large part to the passage last week of the National Health... 

Amplats on track to deliver guidance for 2023 but cost cutting ahead

Platinum group metals (PGMs) producer Anglo American Platinum (Amplats) has reported that its metal-in-concentrate, refined production and costs are all expected to be within guidance for 2023,... 

Platinum’s use as an actuator material is being investigated

Nanoporous platinum, a platinum matrix containing tiny pores to increase energy conduction, has recently been created in large quantities for the first time, for trial use as an actuator material,... 

Mine closure lacks adequate social integration – research

New research on mine closures in South Africa has shown that there remains a lack of integration of social development, which continues to pose a risk to long-term regional development beyond... 

More than half of copper cables on TFR’s lines replaced with aluminium alternative

Transnet has, so far, replaced about 55% of the copper cables across its national railway network with an aluminium conductor steel reinforced (ACSR) cable called Tiger Wire, Transnet Freight Rail... 

Eskom acknowledges difficult trade-offs ahead as it pursues energy transition

State-owned utility Eskom is expecting to have to make “difficult trade-offs” in its pursuit of a just energy transition (JET) strategy, as it grapples with ongoing short-term operational struggles... 

Gemfields earns $69.5m from latest ruby auction

Ruby and emerald miner Gemfields has announced that total auction revenues of $69.5-million were accrued after selling all 97 lots, comprising 239 591 ct of ruby, offered for sale at its latest... 

ICMM members paid $54.9bn in royalties, taxes in 2022

Industry body ICMM reports that its members’ corporate income tax (CIT) and royalty payments increased by 77.8% year-on-year to $54.9-billion in 2022.  CIT payments had increased by 85.3%... 

CAA Mining actively drilling for lithium in spodumene in Ghana – research firm

Non-independent researcher SP Angel has reported that mining and exploration company CAA Mining is actively engaged in drilling operations to delineate a new lithium-in-spodumene resource in Ghana.... 

Tharisa warns of up to 49.8% drop in basic earnings a share

JSE-listed Tharisa Minerals’ basic earnings per share (EPS) for the financial year ended September 30, on a fully diluted basis, is expected to be between $0.27 and $0.28 with a tolerance of 10%,... 

Power Metal Resources to start drill testing at Botswana project

Since early October, Aim-listed exploration company Power Metal Resources has advanced plans to drill test a key target at T1-14 at its Molopo Farms Complex (MFC) project, in southwestern Botswana,... 

Barrick’s North Mara mine selected as employer of the year in Tanzania

The North Mara gold mine, jointly owned by gold mining company Barrick Gold Corporation and the Tanzanian government through Twiga Minerals, has been awarded Employer of the Year at the 2023... 

Economy moves 'sideways' with marginal 0.2% contraction in GDP

Statistics South Africa (Stats SA) has reported a marginal 0.2% contraction in gross domestic product (GDP) for the third quarter, compared with the second quarter, and a contraction of 0.7%... 

Mandela Mining Precinct celebrates five-year anniversary

The public-private partnership Mandela Mining Precinct (MMP) celebrated five years of mining research, development,and innovation (RDI) at the Council for Scientific and Industrial Research (CSIR)... 

Madison to raise C$500 000 through private placement

Uranium mining and exploration company Madison Metals has announced a private placement of units at a price of C$0.40 each for aggregate gross proceeds of up to C$500 000.   Each unit will comprise... 

Bidvest Bank, Mastercard team up to provide international remittance service

Global payment technology company Mastercard has partnered with financial services provider Bidvest Bank to provide a solution called Bidvest Bank BidSend that allows customers to send... 

UP scientists lead study of 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... 

SAAFF welcomes R47bn facility guarantee for Transnet's recovery

The South African Association of Freight Forwarders (SAAFF) says the R47-billion facility guarantee extended to Transnet, as announced by the government on December 1, is welcome as it may indeed... 

Tongaat BRPs publish proposed rescue plans

The business rescue practitioners (BRPs) of sugar company Tongaat Hulett have published updated business rescue plans for the company and its subsidiaries, Voermol Feeds and Tongaat Hulett Sugar... 

Durban Container Terminal increases working hours to clear backlog, amongst other measures

The Durban Container Terminal (DCT) Pier 2 has increased the ship working hours at some of its berths over the last few days to clear the backlog of vessels at anchor, Durban Terminals has... 

Miner Kumba resurfaces road in Kathu-Gamagara

As part of its social labour plan commitments, iron-ore mining company Kumba Iron Ore’s Sishen mine has undertaken a road resurfacing project, upgrading three major roads in the Kathu-Gamagara... 

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...