MC Mining committee reluctantly advises shareholders to accept Goldway offer

Further to Goldway Capital Investment extending the offer period to take over all the shares of coal miner MC Mining that it does not already own for A$0.16 apiece, Goldway has declared its offer... 

Silvercorp accepts Perseus’ buyout of its 15% shareholding in OreCorp

As ASX- and TSX-listed Perseus Mining’s takeover of ASX-listed OreCorp gains pace, TSX-listed Silvercorp Metals has accepted the offer to sell its 73.8-million OreCorp shares to Perseus.... 

UN trade agency announces new name, vision

The United Nations Conference on Trade and Development has rebranded for the first time in 60 years since its establishment, revealing its new name – UN Trade and Development. The rebrand... 

Institute urges US to make concerted efforts to partner with African countries on critical minerals

A study group convened by the United States Institute of Peace (USIP) has made multiple recommendations for the US government to support mutually beneficial public and private partnerships in... 

Zambian govt grants EIA for Konkola West exploration, triggering KoBold’s earn-in drilling to start

The Zambian Minister of Mines has approved the environmental-impact assessment (EIA) that provides for a subsidiary of KoBold Metals to earn into Tertiary Minerals Zambia’s exploration licence over... 

Excess market supply drags zinc prices lower, says BMI

Research agency BMI maintains a lower price forecast for zinc this year, at $2 500/t, compared with the yearly average price of $2 651/t in 2023, as excess market supply drags prices. BMI says an... 

Shanta discovers promising mineralisation around New Luika, Singida mines

Aim-listed Shanta Gold has discovered various gold intercepts on the Jamhuri Main, Bauhinia Creek and Elizabeth Hill deposits around its New Luika mine, in Tanzania. Shanta is aiming to convert... 

Sibanye appoints global energy leader as nonexec director

JSE- and NYSE-listed precious metals miner Sibanye-Stillwater has appointed Philippe Boisseau independent nonexecutive director, effective April 8. He brings to the board more than 25 years of... 

Cesa calls on incoming govt to not lose grip on infrastructure development

Consulting Engineers South Africa (Cesa) CEO Chris Campbell highlights the importance of ensuring that infrastructure development and service delivery continue uninterrupted, as South Africa heads... 

Sodiam to host online rough diamond tender on April 19

Angolan national diamond trading company Sodiam will host an online rough diamond tender in collaboration with Trans Atlantic Gem Sales on April 19. Viewings will take place between April 11 and... 

Emmerson to raise funds to advance Khemisset technology, EIA

Potash developer Emmerson has entered into a subscription agreement with Global Sustainable Minerals (GSM) which will see the company gaining a 20.3% shareholding in Emmerson. GSM will have the... 

Mavuso says visa reform is good and well, but govt capacity may negate the positives

While it is positive that regulations for digital nomad visas are in place, Business Leadership South Africa CEO Busi Mavuso says it will take resources and leadership to deliver those services... 

Petra on track to deliver significant cost savings, mulls retrenchments

After entering into a sales process for the Koffiefontein diamond mine, in South Africa’s Free State province, London-listed Petra Diamonds is on track to deliver $75-million of cash savings in the... 

DFFE commits to supporting SMMEs in waste tyre management endeavour

Forestry, Fisheries and the Environment Minister Barbara Creecy has unpacked the Industry Waste Tyre Management Plan (IWTMP), which was recently approved by Cabinet and which is aimed at addressing... 

Sibanye’s post-mining agri initiative seeks commercial farming, agribusiness partners

Nonprofit initiative Bokamoso Ba Rona has published a request for expression of interest, in seeking to partner with established commercial farmers and/or agribusinesses to spearhead Bokamoso’s... 

MC Mining committee expresses frustration as Goldway extends offer period

JSE-, ASX- and Aim-listed MC Mining has advised that the offer period for a takeover offer made by Goldway Capital Investment has been extended to April 19. The offer would have initially lapsed... 

RMB facilitates project financing for Seriti Green’s first wind farm in Mpumalanga

Mining and energy company Seriti Resources’ subsidiary Seriti Green has signed a long-term project financing agreement with Rand Merchant Bank (RMB) as co-mandated lead arranger to enable the... 

Shareholders approve Saturn Resources’ takeover of Shanta Gold

Gold miner Shanta Gold has confirmed that the requisite majority of voting scheme shareholders have voted in favour of a takeover by Tanzania-based Saturn Resources, or Bidco, which is a newly... 

Schneider launches entry-level circuit breakers for basic applications

Energy management and automation group Schneider Electric has launched two new entry-level market products – the GoPact Moulded Case Circuit Breaker (MCCB) and the Manual Transfer Switch (MTS).... 

Working together with private sector and communities key to building climate-resilient infrastructure

The African continent needs an estimated $190-billion a year to meet its climate change mitigation and energy needs transition, but 57% of countries are in debt and unable to support the amount of... 

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... 

Agriculture, fossil fuel burning the main reasons why Africa is emitting more carbon

Research by University of the Witwatersrand (Wits) academics finds that Africa has moved from being a net carbon sink to a net carbon source in nine years, meaning the rate at which carbon is being... 

Xtract to explore Silverking copper mine, surroundings in JV with Cooperlemon

Aim-listed Xtract Resources has entered into an option and joint venture (JV) agreement with Oval Mining, which is in cooperation with Cooperlemon Consultancy, to earn an up to 70% interest in the... 

Bell Equipment advances contract manufacturing initiative

Heavy equipment manufacturer Bell Equipment has been growing its business organically by investing in the development and enhancement of products, increasing market share in key regions, such as... 

IEA strengthens collaboration with climate leaders as more commitments take shape

After nearly 200 countries made major energy commitments at the COP28 climate summit in Dubai, the International Energy Agency (IEA) is taking a leading role in ensuring these promises are... 

Tshiamiso Trust reaches R1.5bn payout milestone

The Tshiamiso Trust, which was established to disburse compensation funds to mineworkers who contracted silicosis and tuberculosis (TB) while employed by certain companies in South Africa’s gold... 

Association expects higher export volumes across all citrus fruits

As the citrus export season starts this month, the Citrus Growers’ Association of Southern Africa (CGA) is confident that 37.9-million 15 kg cartons of lemons will be exported to key markets, which... 

Barminco bags A$393m contract at Regis’ Duketon

Mining services firm Barminco has been awarded a A$393-million, three-year contract at Regis Resources’ Duketon operations, in the Goldfields region of Western Australia, ASX-listed Perenti... 

Crisis of confidence exacerbates 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... 

Output upped at Namibia tin, tantalum and lithium mine

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... 

Bell posts 66% rise in full-year profit

JSE-listed heavy machinery manufacturer Bell Equipment has posted a 66% increase in profit for the year ended December 31, 2023, to R793-million. Following unprecedented global demand for equipment... 

Pensana hosts investors, govt representatives at its Longonjo mine

In preparation for building one of the world’s largest and highest-grade magnet metal rare earth mines later this year, London-listed Pensana has hosted key stakeholders on site at its Longonjo... 

Kore expects EPC finalisation in Q2, following which financing will ensue

Congo-Brazzaville-focused miner Kore Potash has advised that the condition for conversion of five convertible loan notes (CLN) totalling $530 000 has been met, and, accordingly, these will now be... 

Experts propose private solutions to better capacitate municipalities for effective water management

As South Africa starts to experience more extreme weather events, such as floods, droughts and high-energy storms, the sustainability of public water systems becomes crucial; however, municipal... 

Kazera readies for production of heavy mineral sands, diamonds

Aim-listed Kazera Global has been using funds from the ongoing sale of African Tantalum (Aftan) to put in place plant, staff and equipment at the Whale Head and Deep Blue projects, in South Africa,... 

Endeavour assures shareholders of its internal controls, posts lower earnings

London- and Toronto-listed Endeavour Mining has assured shareholders that the board’s audit committee has determined that there are no material weaknesses in the group’s internal controls over... 

US software company Powerfleet lists on JSE amid merger with MiX Telematics

Software-as-a-service (Saas) and artificial intelligence (AI) provider Powerfleet has attained a secondary listing on the JSE amid its merger with fleet and mobile asset management solution company... 

Salungano expects to widen headline loss to at least 50.6c

After having multiple subsidiaries experience financial difficulty in recent years, with some having entered into business rescue in recent months, JSE-listed Salungano Group expects to report a... 

Enviro groups approach High Court over TotalEnergies Cape coast drilling plans

Environmental organisations The Green Connection (TGC) and Natural Justice have submitted an application in the High Court against the environmental authorisation granted to TotalEnergies... 

Nampak to sell its liquid cartons, Zambia and Malawi businesses

JSE-listed packaging company Nampak has entered into an agreement with a consortium represented by private equity company Corvest 15 to dispose of its liquid cartons business in South Africa, as...