Africa GreenCo signs $27million guarantee facility with GuarantCo

Renewable energy buyer and trader Africa GreenCo has signed a $27-million guarantee facility with GuarantCo – part of the Private Infrastructure Development Group (PIDG) – to boost renewable energy... 

Maasdorp to step down as NDB VP and CFO in July

New Development Bank (NDB) VP and CFO Leslie Maasdorp will step down from his role on July 7, after nine years of service at the bank. In July 2015, South Africa’s Cabinet appointed Maasdorp as VP... 

Tetra Pak reopens Pinetown plant following R500m upgrade

Food processing and packaging solutions company Tetra Pak has reopened its newly renovated factory in Pinetown, KwaZulu-Natal, following an investment of about R500-million. The investment was... 

Shanta progressing exploration in Tanzania, Kenya

Aim-listed gold producer, developer and explorer Shanta Gold has reported total group-wide resources of 3.51-million ounces grading 3.31 g/t gold across its New Luika and Singida gold mines in... 

Satchwell enters residential and light commercial PV solar, inverter, battery market

Satchwell – electromechanical equipment manufacturer ACTOM’s Paarl-based manufacturer and supplier of domestic and industrial products and components – has entered the solar power generation market... 

Pensana's Geraldine Tchimbali receives WIM100 award nomination

Country manager for London-listed Pensana’s Angola-based Longonjo rare earths project Geraldine Tchimbali has been nominated for the 100 Global Inspirational Women in Mining (WIM100) – a biennial... 

Autocast to benefit from renewables deal with Etana Energy

Cast and machined components supplier Autocast South Africa is the first of more than 30 of Nelson Mandela Bay’s largest electricity users to benefit from a renewable power supply deal with... 

Spear to acquire Western Cape properties from Emira

JSE-listed real estate investment trust (Reit) Emira and its wholly owned subsidiaries have agreed to dispose of 13 predominantly industrial and office properties situated in the Western Cape to... 

Koryx Copper raises $1.5m

Mineral exploration and development company Koryx Copper has closed a nonbrokered private placement for $1.51-million. The proceeds of the private placement will be used for further exploration on... 

Goldstone advances capital raising plans, chairperson steps down

Bill Trew has stepped down as chairperson of Aim-listed Goldstone Resources, effective April 1. Further, the company, which owns gold exploration assets in Ghana, continues to advance its capital... 

Hummingbird warns of delay in achieving commercial production at Kouroussa

Aim-listed Hummingbird Resources has informed shareholders that commercial production at its Kouroussa gold mine, in Guinea, will be delayed beyond the targeted first quarter of this year owing to... 

Kodal enters into agreement to terminate Suay Chin right of first refusal

Mineral exploration and development company Kodal has entered into an agreement with Kodal Mining UK (KMUK), Hainan Mining and Suay Chin International to terminate the right of first refusal (ROFR)... 

PhD research uncovers invisible gold resource

Stellenbosch University PhD graduate Dr Steve Chingwaru has uncovered what is potentially the world’s largest invisible gold resource. The geometallurgist’s findings could help unlock gold to the... 

Indigenous resources must benefit South African communities, says Ramaphosa

With a global emphasis on sustainability and the effects of climate change becoming more apparent, President Cyril Ramaphosa described the sustainable use of biodiversity as the “pillar of rural... 

Creecy stresses importance of protecting the environment while growing the biodiversity economy

Amid increasing emphasis on sustainability, this year’s inaugural Biodiversity Economy and Investment Indaba emphasises the importance of growing the South African biodiversity economy under the... 

Venture capital investments decline amid sociopolitical, economic uncertainties

Pan-African industry association the African Private Capital Association (Avca) has reported, amid the release of its latest 'Venture Capital in Africa Report', that 2023 was a year of significant... 

Grizzly emerald auction generates $19m in sales

Emerald producer Grizzly Mining’s latest international emerald auction, in Dubai, of medium- to high-grade rough emeralds recovered from its flagship Grizzly emerald mine, in Zambia, generated... 

Gemfields swings to a loss on PGM investment writedown, but gemstone business flourishes

Gemstone miner Gemfields has recorded its second highest yearly revenues in 2023, on the back of record prices being paid for its rough coloured gemstones sold at auction. Gemfields CEO Sean... 

Burkina Faso Council of Ministers recommends approval for Toega mining permit

The Burkina Faso Council of Ministers has recommended approval of the draft decree for the issue of a mining permit for the Toega gold deposit to ASX-listed West African Resources. Consistent with... 

Atlas Lithium appoints Brian Talbot as COO

Lithium senior executive Brian Talbot is set to join lithium exploration and development company Atlas Lithium Corporation as COO and a member of the company’s board of directors on April 1. This... 

First Class Metals seeks to acquire Quinlan lithium property

LSE-listed metals exploration company First Class Metals (FCM) has signed an agreement with exploration company Broken Rock Resources (BRR), giving FCM the right to earn 100% of the highly... 

Busa deputy CEO to take top job in 2025

Business organisation Business Unity South Africa’s (Busa’s) board has appointed Khulekani Mathe to take over as CEO in January 2025 when Cas Coovadia retires. Mathe was appointed deputy CEO in... 

Tribunal says it confirms settlement agreement with furniture removal companies

The Competition Tribunal reports that furniture removal companies Stuttafords Van Lines and Pickfords Removals SA have admitted to involvement in a furniture removal cartel and agreed to pay an... 

TNPA boosts energy hub status in the Port of Richards Bay

State-owned Transnet National Port Authority’s (TNPA’s) Port of Richards Bay is set to become a key hub for energy trade through the provision of bulk infrastructure to two sites located at the... 

Hummingbird, Corica in dispute over Kouroussa contract

Mining services provider Corica Mining Services says the restart of work at Hummingbird Resources’ Kouroussa mine, in Guinea, is conditional on the payment of certain funds it believes it is due... 

Fintech startup secures funding from Standard Bank

Financial services firm Standard Bank has provided an $11-million facility to financial technology (fintech) startup company Float which will use the funds for the ongoing rollout of its... 

Zambezi river flow recedes amid reduced rainfall, El Niño

The river flows at Chavuma gauging station, the first gauging station located in the North-Western province of Zambia and which measures river flows as the Zambezi river enters Zambia from Angola,... 

Defy launches solar-powered off-grid fridge, freezer range

Amid the compounding effects of loadshedding in South Africa and increasing concerns about climate change, appliance manufacturer Defy Appliances has launched its Solar Off-Grid fridge and freezer... 

Mining operations at Hummingbird’s Kouroussa mine temporarily suspended

The principal contract miner at Aim-listed Hummingbird’s Kouroussa gold mine, in Guinea has temporarily suspended mining operations as of March 17 as a result of various contractual disputes.... 

Lulo alluvial resource increases carats by 48%

After accounting for mining depletion of 30 585 ct during the 2023 calendar year, ASX-listed Lucapa Diamond Company and its partners Endiama and Rosas & Petalas have reported that alluvial... 

Cape Town MPT records 43% volume increase in agri-bulk

The Cape Town Multi-Purpose Terminal (MPT) has increased volume throughput in the agricultural bulk sector by 43% in the year-to-date. In January, the terminal handled 25 704 t of agricultural bulk... 

Recycling initiative prioritises sustainability, promotes economic growth

Manufacturer Ardagh Glass Packaging’s money4glass initiative – launched in July 2023 – has yielded positive results. From August 2023 to January this year, the company’s glass recycling depot at... 

Thirty-one countries to start trading under AfCFTA Agreement this year

Amid the increasing importance of intra-African trade, 31 countries are expected to start trading under the African Continental FreeTrade Area (AfCFTA) Agreement by the end of the year, South... 

OR Tambo SEZ poised to deliver economic development, employment opportunities

The OR Tambo Special Economic Zone (SEZ) aims to promote economic development, job creation and growth through the government’s SEZ programme and is a flagship programme for developments in... 

Economic and geopolitical uncertainty supporting strong gold demand and prices

Amid economic uncertainties and rising inflation, total gold demand, including over-the-counter (OTC) demand, reached a new record of 4 899 t in 2023, thereby supporting the highest yearly average... 

Economic and geopolitical uncertainty supporting strong gold demand and prices

Amid economic uncertainties and rising inflation, total gold demand, including over-the-counter (OTC) demand, reached a new record of 4 899 t in 2023, thereby supporting the highest yearly average... 

Ceta invests R180m in training initiatives

The Construction Education and Training Authority (Ceta) has allocated about R180-million to fund various training initiatives, which is set to benefit 2 267 learners across all nine provinces.... 

Rwenzori successfully produces first quantities of mixed rare earth carbonate

Ugandan operating entity Rwenzori Rare Metals (RRM), owner of the Makuutu heavy rare earths project, has successfully produced first quantities of mixed rare earth carbonate (MREC) at its newly... 

Growthpoint says high interest rates will dent its full-year distributable income

Given the impact of high interest rates across its local and international businesses, JSE-listed Growthpoint Properties expects its distributable income per share (DIPS) to decline by 10% to 12%... 

Arc Minerals raises £4m

Aim-listed Arc Minerals has raised about £4.14-million in aggregate, before expenses, through the placing of about 210-million shares and a subscription of about 19.78-million subscription shares...