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Marleny Arnoldi is a Creamer Media Deputy Editor Online for Engineering News and Mining Weekly.
First Quantum’s Kansanshi expansion project on schedule for completion in mid-2025
TSX-listed gold and base metals miner First Quantum Minerals CEO Tristan Pascal is pleased with the level of progress on the ground at the S3 expansion project, at the Kansanshi mine, in Zambia....
Murray & Roberts Cementation raises the bar on mechanised mine training
Mining contractor Murray & Roberts Cementation on March 14 hosted a media tour of the mock-up mine and training facilities at its Bentley Park Training Academy, in Carletonville. The site is...
Aura announces A$16m placement, A$2m share purchase plan
ASX- and Aim-listed Aura Energy has received firm commitments from investors to raise about A$16.2-million through the issue of 90.2-million ordinary shares. The company will also offer...
Independent expert finds Goldway’s offer not ‘fair, reasonable’ – MC Mining
JSE-, ASX- and Aim-listed coal miner MC Mining says a report prepared by an independent expert from BDO Corporate Finance that the takeover offer it received from Goldway Capital Investment in...
Skills development central to fixing water quality issues, says Mavuso
In her latest weekly newsletter, published on March 18, Business Leadership South Africa (BLSA) CEO Busi Mavuso addresses the major challenge of local government’s mismanagement of water...
Libstar’s earnings dragged down by weak consumer demand
Consumer packaged goods group Libstar has reported year-on-year declines in its normalised earnings, headline earnings and operating profit for the year ended December 31. Normalised headline...
Energy investor Reatile gears up for LNG importation as gas shortage looms
In light of the looming natural gas supply constraints from mid-2026, investment company Reatile Group is actively engaging Sasol on mitigating the gap between 2026 and the eventual arrival of...
PetroSA confirms no injuries from fire at Mossel Bay refinery
State-owned Petroleum Oil and Gas Corporation of South Africa (PetroSA) has confirmed it safely contained and extinguished a fire at its gas-to-liquids refinery in Mossel Bay, with no sustained...
Crisis of confidence has exacerbated sub-Saharan Africa’s funding squeeze
Various shocks have resulted in commodity price pressure and fiscal constraints globally, but sub-Saharan African countries, in particular, have been experiencing a “funding squeeze” as a result of...
Marula announces major mining tenement expansion for graphite projects in Tanzania
Battery metals miner Marula Mining’s partner on the NyoriGreen graphite project, in Tanzania, has submitted applications for eight new mining and prospecting licences. Marula agreed with its...
West Wits ready for rapid development of Qala Shallows once funding agreements conclude
ASX-listed West Wits Mining has reported a cash and cash equivalent position of $1.4-million as at December 31, which, coupled with a proposed $15.8-million debt facility with the Industrial...
Andrada ramps up tin, tantalum and lithium production at Uis
Aim-listed Andrada Mining has started implementing an ore sorting circuit at the Uis mine, in Namibia, to increase tin concentrate production from 1 500 t/y to 2 600 t/y. This is expected to...
Attacq posts growth in interim distributable income
JSE- and A2X-listed real estate investment trust (Reit) Attacq has posted a higher distributable income per share (DIPS) of 36.9c for the six months ended December 31, 2023, compared with the DIPS...
DBSA to co-finance three wind farms in the Eastern Cape
The Development Bank of Southern Africa (DBSA) has been appointed to act as a co-mandated lead arranger alongside Absa and Nedbank to provide debt funding and black economic empowerment equity...
Tirupati expects material increase in two Madagascan resources after major drilling
London-listed Tirupati Graphite has completed a 5 000 m diamond core programme and a 26 000 m auger drilling programme on its two flake graphite projects in Madagascar. Consultancy SRK Consulting...
SAPA says rebates for chicken imports are unjustified, unnecessary
The South African Poultry Association (SAPA) says it is puzzled by the International Trade Administration Commission’s (Itac’s) recommendation to Trade, Industry and Competition Minister Ebrahim...
Mkango, CoTec appoint engineering experts to aid with feasibility study in the US
Aim-listed Mkango Resources and partner TSX-V-listed CoTec have appointed two US-based engineering solutions companies to engineer and design a rare earth elements magnet recycling plant and...
Gold Fields to build its biggest renewable energy project yet at St Ives
JSE- and NYSE-listed Gold Fields’ board has approved a A$296-million, or $195-million, renewable energy project to be built at the St Ives mine, in Western Australia. The plant, comprising 42 MW...
Infrastructure finance expert commends incoming amendments to PPP framework
As government garners public comment on key proposed amendments to legislation governing public-private partnerships (PPPs), Infrastructure Finance Advisory Institute director Bongani Mankewu says...
Deep Yellow to raise funds to advance its Australia, Namibia uranium projects
ASX-listed uranium developer Deep Yellow plans to raise A$220-million through a two-tranche placement and an additional $30-million through a share purchase plan for eligible shareholders. The...
AngloGold appoints Jochen Tilk to succeed Ramos as chairperson
Global miner AngloGold Ashanti has appointed Jochen Tilk chairperson effective May 28, subject to his re-election at an annual general meeting on the same day. This follows after the incumbent...
Perseus extends OreCorp takeover offer window to April 19
ASX-listed Perseus Mining has released a second supplementary bidder’s statement in relation to its off-market takeover bid for all issued ordinary shares of fellow-listed OreCorp, which extends...
Petra seeks new CFO following Breytenbach’s resignation
London-listed Petra Diamonds has started with a recruitment process to appoint a successor to CFO Jacques Breytenbach, who has resigned owing to personal reasons. Breytenbach will remain in his...
Mondi, DS Smith reach agreement in principle on potential £5bn merger
Johannesburg- and London-listed paper and packaging giant Mondi has reached an agreement in principle on a proposed £5.1-billion merger with London-listed sustainable packaging company DS Smith....
New owners of precision casting company drive technology, skills investment
Following a takeover of Rely Precision Castings by a new group of shareholders, the company is undergoing a renewed market expansion drive with investment into technology, and development of a...
Gold-backed ETFs record ninth month of outflows
Gold-backed exchange-traded flows (ETFs) recorded another outflow in February, extending their losing streak to nine months, with North America in the lead. Total assets under management...
BMI expects good year for steel pricing before prices decrease again
Research agency BMI expects steel prices to improve from current levels in coming months and maintains its 2024 global average steel price forecast of $740/t. The average steel price is, however,...
DRA Global promotes Coetzee to executive director position
Engineering consultancy DRA Global has appointed nonexecutive director Val Coetzee as director of process and technology – an executive position – effective immediately. He will oversee the...
Tietto goes from strength to strength following ‘undervalued’ takeover offer
As gold mining company Tietto Minerals nears full production rates at its Abujar gold mine, in Côte d’Ivoire, it is also focusing on organic growth opportunities, while Hong Kong-based Zhaojin...
Sea Harvest generates solid profit despite cost increases, low prawn pricing
Following a challenging 2022 financial year, JSE-listed vertically integrated seafood company Sea Harvest has managed to grow its earnings before interest and taxes (Ebit) by 15% to R576-million in...
Barrick partners with DRC-based oversight body to advance local content intiatives
Global miner Barrick Gold Corporation’s Kiballi gold mine, in the Democratic Republic of Congo (DRC), has partnered with the oversight body of the subcontracting sector, the Autorite de Regulation...
MC Mining commissions independent report to further investigate Goldway offer
Further to MC Mining’s Independent Board Committee last week recommending that shareholders not accept a takeover offer from Goldway Capital Investment, MC Mining has released its formal target...
RCL reports higher interim earnings, unbundling of its Rainbow business
JSE-listed consumer goods group RCL Foods has posted a 48% year-on-year increase in earnings before interest, taxes, depreciation and amortisation (Ebitda) to R1.5-billion for the six months ended...
Mavuso urges public-private collaboration to mitigate looming natural gas cliff
Once again policy inaction and government’s inability to commit to large-scale investment will lead to a new blow to energy availability in the economy, with the looming natural gas cliff from...
PTM shareholders show strong support for new directors
TSX- and NYSE-listed Platinum Group Metals (PTM) has announced its board of directors as voted for by shareholders at an annual general meeting on February 29, which had a turnout of shareholders...
Marula makes maiden investment in Kenya to acquire a 60% interest in manganese mine
Battery metals miner Marula Mining has signed a binding term sheet with Kenyan manganese mine operator Gems and Industrial Minerals (GIM) to acquire a 60% commercial interest in the Larisoro mine,...
New chemical tech at Barrick’s Buylanhulu mine results in cleaner tailings, better recoveries
Following a successful trial of chemical technologies provider Draslovka’s GlyCat glycine leaching technology at global miner Barrick Gold’s Buylanhulu mine, in Tanzania, the gold miner has started...
M&R Cementation unveils mock-up underground mine training facility
Mining contractor Murray & Roberts (M&R) Cementation has unveiled its new mechanised mining mock-up facility, which serves to provide equipment operators and supervisors with a more realistic...
KwaZulu-Natal municipalities now owe Eskom R1.5bn
The debt owed by municipalities in KwaZulu-Natal to Eskom have increased by R818-million between March 2023 and January this year, resulting in municipalities in the province now owing Eskom...
Durban Container Terminal advances various operational improvement initiatives
Durban Container Terminal Pier 2 has reached stability as performance improvements gain traction, confirms Durban Terminals managing executive Earle Peters.
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