JDA looking for new contractor to finish Watt Street Precinct project

The City of Johannesburg’s infrastructure arm the Johannesburg Development Agency (JDA) has started the procurement process for a new contractor for the Watt Street Public Environment (PEU)... 

Redpath acquires RUC

Contract mining company Redpath Mining subsidiary Redpath (Australia) Holdings has signed a share purchase agreement to acquire fellow contract miner RUC Mining Contractors. Pending regulatory... 

Kodal on track to produce lithium at Bougouni in the fourth quarter

Mineral exploration and development company Kodal Minerals has said its Bougouni lithium project, in southern Mali, is on track to begin production in the fourth quarter, following the achievement... 

Caracal raising £780 000

Gold producer Caracal Gold is raising £780 000 by way of a subscription through the issue of 260-million new ordinary shares of £0.001 in the company at a price of £0.003 a share. The funds of the... 

Tanzania awards mining licence for Strandline’s Tajiri mineral sands project

The Tanzanian government has granted a special mining licence (SML) for the Tajiri minerals sands project, paving the way for emerging critical minerals producer Strandline Resources to progress... 

Kinetiko’s deepest core hole to date reveals promising results

ASX-listed Kinetiko Energy, which is conducting onshore gas exploration in Mpumalanga, South Africa, has completed its deepest core hole to date. “Following our previous announcement indicating... 

Joburg’s climate action plan to create more than 400 000 jobs – Gwamanda

Investment into climate mitigating strategies, as outlined in the City of Johannesburg’s Climate Action Plan (CAP), could create as many as 340 000 jobs, while investment into climate adaptation... 

Calidus raises A$16.5m through share placement

ASX-listed Calidus Resources has received firm commitments from institutional, sophisticated and professional investors for the placement of about 143.6-million new fully paid ordinary shares at an... 

Kore raises $530 000 through convertible loan note issue

Potash development company Kore Potash has issued five separate convertible loan notes (CLNs) with an aggregate value of $530 000 and a proposed drawdown date of March 22. Kore holds a 97% stake in... 

SQM supports water treatment startup with initial $1.27m investment

UK-based engineering tech startup Salinity Solutions has secured a $1.27-million initial investment from battery-grade lithium chemicals producer Sociedad Quimica y Minera de Chile’s (SQM’s)... 

SQM supports water treatment startup with initial $1.27m investment

UK-based engineering tech startup Salinity Solutions has secured a $1.27-million initial investment from battery-grade lithium chemicals producer Sociedad Quimica y Minera de Chile’s (SQM’s)... 

Chieta announces new green hydrogen qualifications, skills programmes

The Chemical Industries Training and Education Authority (Chieta) will be registering new qualifications on green hydrogen and offering specialised skills programmes relevant to growing the green... 

Competition Commission to tackle economic concentration by large companies, Ramaphosa promises

Government will be setting a target for the Competition Commission to undertake market inquiries in more strategic sectors of the economy over the next few years to address high levels of economic... 

South Africa needs more black billionaires – Matona

Broad-Based Black Economic Empowerment Commissioner Tshediso Matona has said it is necessary to “dispel the myth” that black industrialist multimillionaires or billionaires should not exist because... 

IonicRE successfully produces high-purity terbium oxide in Belfast plant

ASX-listed Ionic Rare Earths (IonicRE) has announced the successful separation and first production of high-purity terbium oxide (Tb4O7) at its wholly-owned subsidiary Belfast plant, marking a... 

Katoro to cease all investment in Blyvoor, Namibian Iron Ore

Following a review of the Blyvoor project in Gauteng, South Africa, and given the new direction of Aim-listed Katoro Gold and the need to focus on a clear pathway to high-value business activities,... 

64 companies to pledge to procure from black industrialists, says Patel

During the second Black Industrialists and Exporters Conference to be held later this week, up to 64 large companies are expected to make pledges to procure goods and services from black... 

Sungrow launches new three-phase battery/inverter system in South Africa

Solar power solutions company Sungrow has unveiled its three-phase inverter and battery energy solution in South Africa, featuring several new inverter models and battery options suited for both... 

Madison to pursue traditional funding avenues after lacklustre uranium tokenisation results

Uranium exploration and development company Madison Metals will pursue more traditional means of raising capital to fund its future efforts, as the company's unique uranium tokenisation strategy... 

Local gas supplies not likely to come on stream in time for South Africa to avoid a 'gas cliff'

Although gas is widely regarded as a necessary part of South Africa’s future energy mix, Presidential Climate Commission (PCC) head of mitigation Steve Nicholls is not convinced that a reliable... 

Orion pleased with its interim performance

JSE- and ASX-listed Orion Minerals says it has successfully navigated a pivotal development stage in the six months ended December 31, 2023, having transformed from being a pure explorer and... 

Burgundy renegotiates reclamation surety bonds payment schedule

ASX-listed Burgundy Diamond Mines (BDM), which operates the Ekati mine, in Canada, has secured an agreement in-principle with Canadian surety providers to extend the cash collateralisation schedule... 

Burgundy CEO believes his diamond company is undervalued

ASX-listed Burgundy Diamond Mines (BDM) CEO and MD Kim Truter believes the company is trading at a significant discount, presenting a real opportunity for investors. “At some point, the market is... 

Jupiter scoping study shows strong case for North America-based plant

ASX-listed Jupiter's newly released scoping study evaluating the opportunity to supply high-purity manganese sulphate monohydrate (HPMSM) to the electric vehicle (EV) battery market has yielded... 

Built Environment Indaba to address substandard project delivery, other challenges

Poor-quality projects, site invasions and inadequate transformation are some of the key issues that will be addressed at the inaugural Built Environment Indaba, which will be held at the Gallagher... 

Construction sector mafia targeting executives as well

The impact of the construction mafia is starting to be felt higher up the food chain, with Black Building Council in the Built Environment (BBCBE) president Danny Masimene noting that executives... 

Danson resigns as Sibanye director

Savannah Nonhlanhla Danson has resigned as nonexecutive director of mining and metals processing group Sibanye-Stillwater. She was a member of the company’s safety and health, remuneration, audit,... 

Pensana sends samples to South Africa for metallurgical test work

London-listed Pensana has announced that a carbonatite 4.7% total rare earth oxide (TREO) bastnaesite sample from Coola and a 4.8% TREO-enriched laterite sample from Sulima West, both in Angola,... 

Metso launches Concorde Cell flotation technology in Africa

Process and optimisation technology company Metso has launched the first of its Concorde Cell high-intensity pneumatic flotation units in Africa through local manufacturing partner Betterect, which... 

70 out of 72 municipalities approved for Eskom debt relief

Out of 72 municipality applications for State-owned Eskom debt relief, 70 have been approved, Finance Minister Enoch Godongwana revealed in his 2024 Budget on February 21. The 72 applicants... 

Kilimapesa restart on track following mill relining in January

Progress at the Kilimapesa mine, in Kenya, is on track since the relining of the mill in January and the restart of production, London-listed Caracal Gold CEO Robbie McCrae has said. “We look... 

Tirupati to remain listed, shuffles board

Following recent speculation among investors, London-listed Tirupati Graphite has confirmed that there are no plans to take the company private, emphasising that the board remains confident that... 

Exxaro warns of lower earnings on the back of decrease in export prices, weaker rand

Diversified resources company Exxaro Resources has warned shareholders that it is likely to report a 16% to 30% year-on-year decrease in headline earnings per share (HEPS) for the year ended... 

Red Rock execs will have to personally visit DRC to resolve $10m claim

Aim-listed Red Rock Resources has noted that its senior management will have to personally travel to the Democratic Republic of Congo (DRC) to resolve a $10-million claim the company has instituted... 

M&R gets back on track with narrowed losses, lower debt

JSE-listed Murray & Roberts (M&R) has reported a significant year-on-year reduction in its attributable loss for the six months ended December 31, 2023, signalling a positive turn in its financial... 

Kavango reveals promising resource estimates at Zimbabwe project

Southern Africa-focussed metals explorer Kavango Resources has received a maiden resource estimate for the two largest tailings dumps at the Nara gold project, in Zimbabwe, revealing an indicated... 

Firestone puts 215 ct diamond up for sale

UK-registered diamond mining company Firestone Diamonds has put a 215 ct natural diamond recovered at its Liqhobong diamond mine, in the highlands of Lesotho, up for sale.  The diamond represents a... 

Tsodilo withdraws contempt motion as Botswana Minister complies

Canadian mineral resources exploration and development company Tsodilo Resources has withdrawn its contempt motion, which sought to hold Botswana Minerals and Energy Minister Lefoko Moagi to... 

PwC report highlights importance of building trust by paying tax

Auditing firm PwC has released its ‘Building Public Trust through Tax Reporting’ publication, which outlines the importance of tax in the business operating environment and look at why tax is... 

African Risk Capacity marks ten year anniversary

Parametric insurer African Risk Capacity is commemorating its tenth anniversary. The company was founded in 2014 with the sole mandate from the African Union heads of States to provide insurance...