Prospect raises $10m for Zimbabwe lithium mine development

Southern Africa-focused lithium and gold mining and exploration company Prospect Resources has raised $10-million before costs, through an oversubscribed share placement of 166-million shares at 6c... 

Gascoyne clinches long-term LNG deal for Dalgaranga project

ASX-listed Gascoyne Resources, through its 100%-owned subsidiary GNT Resources, has executed a long-term liquefied natural gas (LNG) fuel supply agreement with Evol, a fully-owned subsidiary of the... 

Prairie positive about Polish coal mining future

With the Polish government strongly supporting the development of new, modernised coal mines, ASX-listed Prairie Mining is upbeat about its Debiensko coking coal project, located in the country's... 

Red 5 starts off 2018 on strong foot

Australian gold producer Red 5 reported a strong first quarter, producing 17 777 oz in the three months to December 31, 2017, paired with sales of 16 150 oz from its recently acquired Darlot mining... 

South Africa could dive into greater policy uncertainty as budget speech looms

The North-West University’s School of Business and Governance’s Policy Uncertainty Index for the fourth quarter of 2017 rose to 55.4, up from the 53.6 it recorded in the previous quarter. Speaking... 

City of Johannesburg, private sector joins hands in innovative recycling project

Adcock Ingram Critical Care, Netcare, Johannesburg Mayor Herman Mashaba and the City of Johannesburg, this week launched a project that recycles used, nonhazardous intravenous infusion drip bags... 

AfDB renews commitment to connect 29.3m Africans to electricity grids

The African Development Bank (AfDB) plans to provide 29.3-million people on the continent with access to electricity by 2020. Speaking during meetings of the United Nations Economic Commission for... 

Sandfire maintains strong production in Dec quarter

ASX-listed Sandfire Resources maintained strong mine production and milling rates for the three months to December 31, with copper production reaching 16 263 t, up from 15 528 t in the previous... 

Australia must grab $2tr downstream lithium opportunity with both hands

Australia has the opportunity to expand its lithium value chain by an estimated $2-trillion in the next two years, a report revealed on Tuesday. In the Future Smart Strategies' report, titled 'A... 

Perseus delivers highest production since 2012

Delivering its fourth consecutive quarter of strong operating performance across all parts of its business, ASX-listed Perseus Mining on Tuesday reported 2017 calendar year gold production of 208... 

Ramelius ups guidance as mines produce record gold

On the back of record gold production of 58 012 oz for the three months ended December 31, ASX-listed miner Ramelius Resources on Tuesday upgraded its expected production guidance for the full year... 

DFS demonstrates 'robustness' of WA uranium project - Vimy

A definitive feasibility study (DFS) at ASX-listed Vimy Resources' Mulga Rock project (MRP), in Western Australia, has confirmed robust financials and a simple, low-cost mining process. "The DFS... 

Commission recommends conditional Barnes Southern Palace, Scaw merger approval

The Competition Commission has recommended that the Competition Tribunal approve the proposed transaction, with conditions, whereby Barnes Southern Palace intends to acquire steel maker Scaw from... 

Unitrans, Action Ford deal gets competition authority thumbs up

The Competition Tribunal has conditionally approved a merger whereby Unitrans Automotive, wholly-owned by Steinhoff International Holdings, acquires Action Ford's vehicle dealership business. The... 

Petra delivers record production but stifled by Tanzania blockage

In the six months to December 31, LSE-listed Petra Diamonds saw a 10% production increase to 2.2-million carats across its operations, which was in line with guidance. This represented record... 

Wage negotiations in bus sector ongoing, but progress made

The South African Transport and Allied Workers' Union (Satawu) along with four other unions in the South African Road Passenger Bargaining Council (Sarpbac) on Monday said it would take employers'... 

Argent granted tin/copper tenements in Tasmania

The Tasmanian government has granted ASX-listed Argent Minerals the Ringville and Queensberry tenements in the highly productive Mount Read Volcanics belt, following merit-based assessment... 

Atlas reduces debt, progresses diversification plans

Iron-ore producer Atlas Iron has repaid a further A$20-million of its debt, as the ASX-listed company continues its strategy of repositioning the business by reducing debt, growing its iron-ore... 

Basil Read's shares fall on announcement of discounted rights offer terms

JSE-listed construction company Basil Read's shares took a 23.08% tumble on Monday morning, after it released the terms of its proposed R300-million rights offer, which has been significantly... 

Gold miner Millennium reports on Q4 operational results

Western Australian gold miner Millennium Minerals produced 21 401 oz for the quarter ended December 31, at a C1 cash cost of $1 081/oz and an all-in sustaining cost of $1 290/oz. The fourth-quarter... 

Perseus pours gold at Côte d'Ivoire mine ahead of schedule

Dual-listed Perseus Mining has achieved its first gold our at its Sissingué operation, in Côte d'Ivoire, one month ahead of schedule. The company said on Monday the ramp-up to full scale commercial... 

Iluka production up as Sierra Rutile plays in

Mineral sands producer Iluka on Monday reported a 22% increase in its yearly production of zircon, rutile and synthetic rutile, at 825 000 t. The ASX-listed company attributed the increase to the... 

Nersa welcomes Mkhize as petroleum pipelines regulator

The National Energy Regulator of South Africa (Nersa) has appointed Muzuvukile Mkhize as full-time regulator member responsible for petroleum pipelines regulation, following Cabinet approval.... 

TSAM confirms precautionary recall of 730 000 vehicles

Toyota South Africa Motors (TSAM) on Friday confirmed that it was conducting a recall campaign related to potentially defective Takata airbag inflators, which was currently affecting a number of... 

Stronger rand hurt rand gold price in Q4

A stronger rand negatively impacted on rand gold prices in the fourth quarter of 2017, SA Bullion reports. For the fourth quarter, the gold picture in rand was quite different from that of dollar,... 

Alrosa CEO, Angolan President discuss Catoca shareholding

Alrosa CEO Sergey Ivanov and Angolan President João Lourenço this week held their second meeting to discuss issues related to the closing of the transaction to increase Alrosa's shareholding in... 

DRA signs coal preparation plant deal with Exxaro

Global engineering firm DRA has secured a contract with Exxaro Coal Mpumalanga, a subsidiary of JSE-listed Exxaro Resources, to build a 500 t/h coal handling and preparation plant (CHPP), in... 

Automation will threaten jobs, but could also open up new prospects

While the automated economy is often seen as a threat to many of today’s jobs, ManpowerGroup South Africa MD Lyndy van den Barselaar notes that it will open up employment opportunities for those... 

Programme aims to build waste-recycling entrepreneurs

The Western Cape Industrial Symbiosis Programme (WISP) is recruiting candidates for an enterprise development programme that will result in the establishment of businesses in the province to make... 

Boosting waste management through enterprise support

The Department of Environmental Affairs (DEA) has opened a request for proposals to receive comprehensive business plans and project proposals from start-up or emerging waste management and... 

Dell to recycle gold from ewaste from discarded motherboards

Technology company Dell is piloting a project to recover gold from used electronics for use in new computer motherboards and jewellery. Dell has partnered with Wistron GreenTech, which uses an... 

Business more confident as political developments change landscape

Business sentiment in South Africa showed yet another month-on-month improvement, with the South African Chamber of Commerce and Industry (Sacci) reporting a 1.3 index point uptick in its Business... 

Tender issued for Rustenburg water treatment expansion

The Rustenburg Water Services Trust has invited companies to tender for the mechanical and electrical works for the upgrade of the Bospoort Water Treatment Works (WTW). As implementing agent for... 

New construction industry deals designed to meet transformation commitments

In a move that will see local construction companies further honour their agreements with government to ensure  inclusivity for black contractors in the South African construction sector, the... 

Revised mine plan for Liqhobong

Aim-listed Firestone Diamonds, which sold 156 942 ct of diamonds recovered at its Liqhobong mine, in Lesotho, in the quarter ended December 31, has adopted a revised mine plan to increase cash flow... 

Avesoro well-positioned to increase production levels, continue exploration

Dual-listed Avesoro Resources expects to produce between 220 000 oz and 240 000 oz of gold this year, a 25% year-on-year increase, as significant additional ounces delineated by drilling along... 

Endeavour Mining upbeat about 2018 prospects

TSX-listed gold producer Endeavour Mining has achieved full-year guidance across its operations, on the back of a strong fourth quarter. During the three months to December, group production... 

Wescoal positive about future with Keaton contribution

Junior coal miner Wescoal Holdings on Wednesday said the Keaton Coal integration programme was at an advanced stage and progressing according to plan, with personnel redeployments and overhead... 

Polymetal expects to build on strong 2017 production as Kyzyl comes on line

LSE-listed Polymetal on Wednesday reported that it had produced 405 000 oz of gold equivalent (GE) from its operations in the fourth quarter, an 8% increase over the same period in the previous... 

Ironbark raises $6m to further develop Greenland project

ASX-listed Ironbark Zinc has completed a book build for a placement to institutional and sophisticated professional investors to raise up to $6-million at an issue price of $0.062 apiece. The...