Defense Metals, Ucore sign MoU for collaboration on REE supply chain

Mineral exploration and development company Defense Metals has executed a non-binding memorandum of understanding (MoU) with TSX-V-listed Ucore Rare Metals to explore collaborative opportunities as... 

Pensana progressing activities at Angola project prior to main construction

London-listed Pensana has made significant strides at the Longonjo mine site in Angola ahead of main construction starting later this year. The company is currently busy with civil works for the... 

Impala withdraws suspensions of 38 Bafokeng workers

Platinum group metals major Impala Platinum (Implats) has agreed to withdraw the suspension notices that were issued to the 38 employees who “were seen to have been the face of workers” who staged... 

Centamin drilling intersects gold mineralisation near Sukari

LSE- and TSX-listed Centamin has delivered an “encouraging” set of maiden drill results across several targets within the Nugrus block on its Eastern Desert Exploration (EDX) landholding, which is... 

Ivanhoe’s Kamoa-Kakula achieves yearly guidance

Dual-listed Ivanhoe Mines’ Kamoa-Kakula copper complex, in the Democratic Republic of Congo (DRC), produced 393 551 t of copper in concentrate in 2023, in line with the production guidance range of... 

Ninety One SA reduces shareholding in Murray & Roberts to below 5%

Ninety One SA has disposed of an interest in the ordinary shares of JSE-listed Murray & Roberts, resulting in its shareholding in the company decreasing to 4.286%. Murray & Roberts Holdings is a... 

Critical Metals raises £215 000 for drilling, road upgrades at DRC project

Aim-listed Critical Metals, operator of Molulu copper/cobalt project, in the Democratic Republic of Congo, has raised about £215 000 in a placing, the proceeds of which will be used for advancing... 

ESG to remain key, Prescient report outlines

Systematic investment firm Prescient Investment Management (PIM) has released its Responsible Investing Report for 2023, which shows the pivotal role of environmental, social and governance (ESG)... 

Africa’s average rank increases marginally in Global Cities Index

Social, geopolitical and technological transformations are actively disrupting the traditional hierarchy of global cities, creating a more widely distributed geography of opportunity, global... 

Emmerson still awaiting Ministerial environmental approval for Morocco project

London-listed Emmerson is still awaiting the session of the Commission Ministérielle de Pilotage (Ministerial Committee) to obtain environmental approval for the Khemisset potash project that it is... 

Outa questions Gazprombank, nuclear procurement announcements

This week’s announcements of government’s plan to pursue the procurement process for 2 500 MW of new nuclear capacity, along with Cabinet’s decision to endorse a R3.7-billion investment deal... 

Madison identifies high-grade uranium at Namibia project

The Khan project, in Namibia, is becoming a valuable asset to Canadian-headquartered Madison Metals and has potential to contain new high-grade uranium discoveries, says chairperson and CEO Duane... 

Orion appoints two nonexecutive directors

JSE- and ASX-listed Orion Minerals has appointed Anthony Lennox and Patience Mpofu as nonexecutive directors. Lennox has 40 years of resource sector experience in operations, project development... 

Hummingbird completes conversion of interest in Dugbe project into Pasofino

Aim-listed Hummingbird Resources has completed the conversion of its 51% interest in the Dugbe gold project, in Liberia, into a 51% controlling interest in TSX-V listed Pasofino, to provide clear... 

Ramaphosa announces establishment of R1bn Presidential PhD Initiative to drive STI

President Cyril Ramaphosa has announced the establishment of the Presidential PhD Initiative, through the initial investment of R1-billion from the National Skills Fund. The President was... 

NRCS recalls cement product over insufficient strength

The National Regulator for Compulsory Specifications (NRCS) is recalling the Econo Cement CEMV/AS-V32.5N product from all distributors and retail outlets across South Africa, saying it has failed... 

IonicRE increases ownership of Makuutu project to 94%

ASX-listed Ionic Rare Earths (IonicRE) has signed a share purchase agreement with Rare Earth Elements Africa to acquire a further 34% interest in local Ugandan operating entity Rwenzori Rare... 

Botswana Diamonds to undertake next stage exploration near its KX36 project

Diamond company Botswana Diamonds will embark on follow-up ground geophysics on four anomalies that were identified contiguous with the company’s KX36 project in the Kalahari, in Botswana. They... 

TNPA increases tug availability at the Port of Durban

The Transnet National Ports Authority (TNPA) has increased the number of tugs available to an average of six. The increased tug availability is set to complement the recently announced 24-hour... 

Anglo reconfigures some assets as it targets lower costs, capex

Global diversified miner Anglo American is focusing on improving its cost performance and cash generation by reconfiguring several assets to adjust the production profile to near-term constraints... 

Nedbank announces R10m Green Economy Fund

At the Nedbank Green Indaba, held on November 30, Nedbank Corporate Social Investment executive head Poovi Pillay announced that the bank had set up its Green Economy Fund with initial capital of... 

Geopolitical tensions, continued central bank buying likely to support gold in 2024

Gold had a strong 2023, defying expectations amid a high interest rate environment and outperforming commodities, bonds and most stock markets, the World Gold Council (WGC) says as it outlines... 

IDC, ACWA Power sign R20bn deal to boost energy security in South Africa

South African development funder the Industrial Development Corporation (IDC) and Saudi Arabia-based electric power generation company ACWA Power Company signed a joint development agreement term... 

Afrimat Construction Index returns to growth in the third quarter

JSE-listed Afrimat has released the findings of its Afrimat Construction Index (ACI) for the third quarter of the year, and according to economist Dr Roelof Botha, the lethargy of the economy as a... 

Ionic selects WSP to deliver feasibility study for UK magnet recycling facility

ASX-listed Ionic Rare Earths’ 100%-owned subsidiary Ionic Technologies International, based in Belfast, in the UK, has progressed the delivery of a feasibility study for a commercial magnet... 

Gold ETF outflows slowed considerably in November, says WGC

Global gold exchange-traded funds (ETFs) outflows slowed significantly in November supported by net inflows into North American funds, industry organisation the World Gold Council (WGC) reports.... 

Altona’s shareholding in Monte Muambe increases to 51%

London-listed Altona’s shareholding in Monte Muambe Mining Limitada has now increased from 20% to 51%, following the successful completion of Phase 2 of the Monte Muambe rare earths project. Monte... 

Commission granted application to add price fixing contravention to case against brick makers

The Competition Tribunal has granted an application by the Competition Commission to amend its complaint referral (charge sheet) against two brick manufacturers. The tribunal’s order means that the... 

Marula completes drilling programmes at South African project ahead of schedule

Africa-focused mining and development company Marula Mining has completed Phase 1 and 2 diamond drilling programmes at the Blesberg lithium and tantalum mine in South Africa, ahead of schedule,... 

Critical Mineral Resources acquires new permits in Morocco

Aim-listed Critical Mineral Resources (CMR) has been granted four new exploration permits in the Rabat and Beni-Mellal regions in Morocco.  The three new permits, covering an area of about 80 km2,... 

AfDB grants $33m to Mozambique to improve grid

The African Development Bank (AfDB) Group approved a grant of $33.25-million to Mozambique to implement the Songo-Matambo electricity transport line project, during a meeting in Abidjan on December... 

Test work at Southern Palladium’s Bengwenyama shows strong PGM recovery rates

Preliminary, unoptimised testing at JSE- and ASX-listed Southern Palladium’s Bengwenyama platinum group metal (PGM) project, in the Bushveld Complex of South Africa, indicates that the Bengwenyama... 

Festival of Motoring announces 2024 dates, extended WesBank partnership

The Festival of Motoring, described as an African celebration of automotive excellence, will take place from August 30 to September 1, 2024, at the Kyalami Grand Prix Circuit, in Johannesburg. This... 

Creecy publishes amendment to renewable energy facility environmental authorisation

Forestry, Fisheries and the Environment Minister Barbara Creecy has published an amendment of certain requirements for an application for environmental authorisation for a renewable energy... 

Exxaro, Council for Geoscience sign MoU to drive sustainability, decarbonisation

Diversified miner Exxaro Resources and South African national science council the Council for Geoscience (CGS) have entered into a memorandum of understanding (MoU) to drive sustainability and... 

Black Friday sales data reflective of consumer strain, online shopping preference – Ecentric

Although the volume of Black Friday and Cyber Monday sales increased over this sales period, data from payment service provider Ecentric Payment Systems shows that the value of transactions and the... 

Zero Carbon Charge welcomes EV White Paper, but calls for increased renewable energy charging stations

South Africa’s pioneer of a national network of renewable energy charging stations Zero Carbon Charge has welcomed the Electric Vehicle (EV) White Paper released by the Department of Trade,... 

Andrada produces high-grade spodumene concentrate at Lithium Ridge licence area

Aim-listed Andrada Mining has produced high-grade lithium spodumene concentrate from mineralised pegmatite material sourced from the Lithium Ridge licence area –  a fully permitted mining licence... 

TotalEnergies takes steps to broaden methane emission reductions in the oil, gas sector

TotalEnergies has announced the signing of three cooperation agreements with national oil and gas companies – Petrobras in Brazil, SOCAR in Azerbaijan and Sonangol in Angola – to carry out methane... 

South African auto sector to produce first EVs in 2026, says Patel at launch of key White Paper

The Department of Trade, Industry and Competition (dtic) on December 4 released the Electric Vehicles (EV) White Paper, as well as the Green Hydrogen Commercialisation Strategy final report....