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Marleny Arnoldi is a Creamer Media Deputy Editor Online for Engineering News and Mining Weekly.
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...
Sibanye announces R84m community upliftment investment
JSE- and NYSE-listed Sibanye-Stillwater has announced an R84-million investment through its Sibanye Rustenburg Mine Community Development Trust (SRMCDT) for development programmes to empower...
Deep Yellow confirms higher-value, lower capital cost in Tumas DFS review
After reviewing a definitive feasibility study (DFS) on the Tumas uranium project, in Namibia, ASX-listed Deep Yellow has made positive reassessments of capital expenditure and the value of the...
Firering appoints contractor to start drilling in Côte d'Ivoire
Critical minerals explorer Firering Strategic Minerals has appointed Canada-headquartered FTE Drilling to conduct a 3 000 m reverse circulation (RC) drill programme on its lithium and tantalum...
Marula starts extensive community engagement for two Tanzanian projects
London-listed Marula Mining has started with a community engagement process at the Nyorinyori and NyoriGreen graphite projects, in Tanzania, through its wholly-owned subsidiary Marula Mining...
World Bank makes $100m in financing available for African climate research
The World Bank will make $100-million available to the Consortium of International Agricultural Research Centres (CGIAR) through the bank’s International Development Association (IDA) as part of...
Nersa grants three electricity distribution licences in the Free State
The National Energy Regulator of South Africa (Nersa) has granted three licences to Klipfontein Solar Facility, Lieliehoek Solar Facility and Sonoblomo Solar Facility for the operation of...
M&R Cementation, PMC reach one-million fatality-free hours on expansion project
Underground mining contractor Murray & Roberts (M&R) Cementation has reached one-million fatality-free hours at its vent shaft contract on the Palabora Mining Company (PMC) Lift II expansion...
ACI dips to levels last seen at start of Covid-19 as industry buckles under challenges
The Agricultural Business Chamber (Agbiz)/Industrial Development Corporation Agribusiness Confidence Index (ACI) deteriorated by ten points to 40 in the fourth quarter of the year. Notably, Agbiz...
Sunward expands presence in South Africa with new distribution, service centre
Drilling, earthmoving and construction equipment supplier Sunward South Africa has unveiled its dedicated distribution facility in Jet Park, Boksburg, to serve the Southern African mining and...
PepsiCo fund invests in agri-tech platform
Multinational food and beverage group PepsiCo has announced an investment by its independent fund Kgodiso Development Fund into agri-tech company Khula! To support sustainable finance and market...
Australian Mines diversifies battery metals portfolio
ASX-listed Australian Mines (AUZ) has acquired two highly prospective exploration projects in Brazil for $1.1-million – the Jequie rare earths and Resende lithium projects. The projects are...
Sanlam buys in on Sappi, Alien Fuel Group biomass-to-energy project
Asset manager Sanlam Investments will invest R46-million in a joint venture (JV) biomass-to-energy project between energy company Alien Fuel Group and pulp, paper and packaging manufacturer Sappi...
Bakubung employees undertake illegal sit-in in latest blow to Wesizwe
JSE-listed Wesizwe Platinum says employees have embarked on an illegal sit-in at the Bakubung platinum mine, in North West, since the morning of December 6. Employees chose not to return to...
Power Minerals nears offtake, funding agreement with Xiamen on Argentina project
Australia-listed Power Minerals is on the cusp of signing a binding offtake, funding and logistics agreement with Shanghai-listed Xiamen Xiangya New Energy for the Salta Lithium project, in...
McEwen increases stake in Goliath to 5%
Prominent mining company owner Rob McEwen will increase his stake in TSX-V-listed Goliath Resources by completing a private placement for 1.42-million shares, resulting in him owning 5% of the...
Newmont pours 8 000th gold doré bar
Colorado-based Newmont Corporation’s Musselwhite mine, in Ontario, has reached the milestone of pouring its 8 000th gold doré bar since the mine started with commercial production in 1997. The...
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