OIM Consulting expands footprint into Australia

Advisory firm OIM Consulting is branching out to Australia to take advantage of opportunities in its $28-billion mining industry. The company is adapting its proven methodologies to meet the unique... 

Alphamin produced record tin output in 2023

JSE- and TSX-V-listed Alphamin Resources has announced record tin production of 12 568 t for the year ended December 31. This exceeded market guidance of 12 000 t and marked a 1% improvement on the... 

Collaboration essential for South African exporters to overcome EU carbon border tax

As the European Union’s (EU’s) Carbon Border Adjustment Mechanism (CBAM) became effective from October 1 last year, South Africa remains highly vulnerable and will likely pay high amounts of carbon... 

Highland, Kinterra starts drilling on White Pine Copper

TSX-V-listed Highland Copper Company has announced that the White Pine Copper joint venture (JV) it has with Kinterra Copper has initiated a drilling programme at the White Pine North project, in... 

B2Gold sets 2024 guidance lower, ups Goose capex estimate

Toronto-listed miner B2Gold has achieved the upper end of guidance for 2023 with production of 1.06-million ounces. The year marks the eighth time that the company has met, or exceeded, yearly... 

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,... 

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... 

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... 

Harmony expects at least 12% growth in interim production

Ahead of JSE-listed Harmony Gold releasing its interim results on February 28, the company has advised that total gold production for the six months ended December 31 would be between 820 000 oz... 

Wine industry upholds high export revenue despite lower volumes

Last year marked a challenging one for the wine industry as volumes declined by 17%, resulting in total export volumes of 306-million litres. However, the value of exports increased to... 

PPC concludes sale of Rwandan cement business

JSE-listed cement manufacturer PPC’s subsidiary PPC International Holdings has successfully disposed of its 51% shareholding in Cimerwa, in Rwanda, for $42.5-million. PPC confirms that all... 

Sasol posts firm production performance despite market challenges

Petrochemicals giant Sasol says its results and performance for the first half of the 2024 financial year – the six months to December 31 – continued to be impacted on by a volatile macroeconomic... 

SAB’s R19m investment in lime production proves fruitful for community, industry

Since beverage manufacturing group South African Breweries (SAB) invested R19-million in 2020 to develop a lime supply source near Hoedspruit, in Limpopo, the farm has grown to 60 ha of orchards... 

Pan African on track for further output growth

Dual-listed gold miner Pan African Resources increased its production by 6.7% year-on-year to 98 458 oz for the six months ended December 31. The company explains that its Barberton Mines... 

Endeavour looks forward to further production growth, following a strong 2023 performance

Africa-focused gold miner Endeavour Mining achieved record production at its Ity and Houndé mines, in Côte d'Ivoire and Burkina Faso, respectively, for the year ended December 31, with production... 

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... 

Equinox meets gold guidance

Following a strong output of 155 000 oz of gold in the last quarter of the year, dual-listed Equinox Gold achieved consolidated production guidance for 2023, producing 564 500 oz. Guidance for... 

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...