Sovereign despatches 30 t of ore from Malawi project to South Africa for test work

Aim- and ASX-listed Sovereign Metals’ spiral drilling programme has extracted, despatched and delivered 30 t of ore from the Kasiya rutile/graphite project in Malawi to Paterson & Cooke (P&C), in... 

Minerals Council outlines work done to support mineworkers with occupational lung diseases

Industry organisation the Minerals Council South Africa has welcomed comments by Health Minister Dr Joe Phaahla in support of the continued collaboration between the council and the National... 

The NUM expresses opposition to changes in the Electricity Regulation Act

Labour union the National Union of Mineworkers (NUM) has expressed its opposition to the changes in the Electricity Regulation Act (ERA). “This is a way to destroy Eskom and hand it over to the... 

DMRE confirms acceptance of Marula's Blesberg mining right application

Mining and development company Marula Mining says the Department of Mineral Resources and Energy (DMRE) has confirmed acceptance of the company's mining right application for the Blesberg lithium... 

AngloGold swings to loss on lower gold sales, higher costs

Gold miner AngloGold Ashanti recorded a basic loss of $235-million or $0.56 a share, for the year ended December 31, 2023, compared with basic earnings of $233-million, or $0.55 a share, for the... 

Saturn Resources increases its offer for Shanta shares

Saturn Resources (Bidco) confirms that it has reached an agreement with the independent Shanta directors on the terms of a recommended increased and final cash offer by Bidco for the entire issued,... 

Afrimat Construction Index reflects 3% y/y growth in the fourth quarter

The “lethargy” of the South African economy as a whole during the fourth quarter of 2023 was evident in the construction sector, with five of the ten constituent indicators of the Afrimat... 

City of Cape Town, NBI partner on artisan skills development programme

The City of Cape Town’s Facilities Management Department has partnered with the National Business Initiative (NBI) on an artisan development programme, with the first cohort of 31 learners having... 

Saice highlights concerns about the Public Procurement Bill

The current iteration of the Public Procurement Bill, if passed into law, will not address the existing dysfunction within South Africa's public procurement system, which is a key objective of the... 

Sibanye-Stillwater completes acquisition of Reldan

Diversified miner Sibanye-Stillwater's acquisition of the Reldan Group of Companies has been successfully concluded for a final cash purchase consideration of $155.9-million. Sibanye in November... 

Maltento aiming to bolster sustainability efforts

Maltento CEO Dean Smorenburg and commercial director Dominic Malan were joined by Western Cape Premier Alan Winde and Cape Town mayor Geordin Hill-Lewis on a tour of the fly-farm’s facilities in... 

Retired Tiffany & Co exec appointed to Diamcor’s board

Recently retired Tiffany & Co executive D. Wayne Howard has joined the board of diamond mining company Diamcor Mining as an independent director. “I am very pleased to announce the addition of Mr.... 

JSE declares full year dividend on the back of strong financial performance

The JSE produced “strong” results for the year ended December 31, 2023, with growth of 12.2% in headline earnings per share (HEPS) and return on equity of 19.4% in line with long-term targets, CEO... 

Thungela delivers strong financial performance despite rail, price headwinds

Thermal coal exporter Thungela Resources says it delivered a resilient performance for the year ended December 31, 2023, which underpinned strong cash generation and a robust net cash position.... 

Critical Mineral Resources raises £250 000 to develop Moroccan permit

Exploration and development company  Critical Mineral Resources has conditionally raised about £250 000 through the placing of 12.2-million new ordinary shares in the company and 8.02-million... 

Dr Mampho Modise appointed deputy governor of the Reserve Bank

Finance Minister Enoch Godongwana and the South African Reserve Bank (SARB) have welcomed President Cyril Ramaphosa’s appointment of Dr Mampho Modise as deputy governor of the SARB, following the... 

Masslift Africa launches Mitsubishi Forklift’s new Grendia series in South Africa

Forklift products and services provider Masslift Africa, in partnership with Mitsubishi Forklift Trucks, this week launched Mitsubishi’s new-generation Grendia forklift series for the Southern... 

MC Mining achieves interim revenue growth despite challenging coal market

Coal miner MC Mining’s strong revenue growth through the six months ended December 31, 2023 were “very pleasing” considering the challenging coal market, MD and CEO Godfrey Gomwe avers. During the... 

cidb, Deputy Minister launch programme to accelerate construction industry transformation

Public Works and Infrastructure Deputy Minister Bernice Swart and industry regulator the Construction Industry Development Board (cidb) on March 14 officially launched the B.U.I.L.D Programme,... 

Thungela launches fish breeding facility in wake of mine-affected water spill

Coal producer and exporter Thungela on February 23 launched a fish breeding facility at the Loskop Dam Nature Reserve, in Mpumalanga. The facility was pursued in congruence with efforts to restore... 

Fortress achieves strong interim performance, simplifies capital structure

Real estate company Fortress Real Estate Investments says it successfully simplified its capital structure through the implementation of a single class of share, as well as achieved other... 

Eskom reaches three-million milestone on prepaid meter recoding project

State-owned utility Eskom reports in a statement that it has achieved a significant milestone in its key revision number, or KRN, rollover project, having successfully recoded three-million prepaid... 

Resolute Mining maintains mineral resources owing to exploration success

ASX- and London-listed Resolute Mining has published its Annual Ore Reserve and Resource Statement as at December 31, 2023, which indicates that total mineral resources have been maintained at... 

Kavango to start earning revenue from Zimbabwe project

London-listed Kavango Resources has formed a new subsidiary in Zimbabwe, Kavango Mining, which will become its mining arm in the country. Moreover, the company has signed its first contract to... 

Avis partners with CemAir on new land-and-air travel offering

Car rental company Avis Car Rental has entered into a partnership with airline CemAir, as part of its commitment to delivering enhanced travel experiences for customers. Central to the partnership... 

Mining-sector trade unions dismayed by retrenchments

Trade unions the Association of Mineworkers and Construction Union (AMCU) and the National Union of Mineworkers (NUM) have expressed their dissatisfaction with the plans announced by various mining... 

Construction of Turffontein Clinic resumes

The construction of Turffontein Clinic has restarted following a temporary stoppage, the Johannesburg Development Agency (JDA) says in a statement. The two-storey, 1 870 m² facility is said to be... 

Mantengu to issues shares to settle R7.5m creditors balance

JSE-listed Mantengu Mining will issue 4.98-million shares to its creditors, to settle its R7.5-million creditor balance. This comes as certain parties to loan contracts, which the company... 

Ionic nearing first production in Uganda

ASX-listed Ionic Rare Earths has completed construction and commissioning of Phase 1 of the technical facility and demonstration plant at its Makuutu rare earths project, in Uganda. Makuutu is... 

Property transformation programme launched

Industry regulator the Property Practitioners Regulatory Authority (PPRA) on March 6 launched the Transformation Property Partnership programme, which is aimed at enabling meaningful youth... 

South Africa’s solar PV market expected to become one of the world’s largest this year

BloombergNEF’s (BNEF’s) first-quarter global photovoltaic (PV) market outlook predicts that South Africa will be the tenth-largest PV market in the world this year, with the dominance of solar PV... 

Petrol price increase poses risks to other industries

South Africa’s food security is in the spotlight, with current weather conditions posing enough of a threat to farmers to cause a potential yield loss of their crops, following the heatwaves and... 

Gold Fields completes divestment of interest in Ghana gold mine

Gold miner Gold Fields has concluded the sale of its 45% effective interest in the Asanko mine, in Ghana, to Galiano Gold for $170-million plus a 1% net smelter royalty (NSR) on future production... 

Kefi raises £495 916 as part of capital raise for Tulu Kapi

Aim-listed Kefi Gold and Copper, which owns projects in Ethiopia and Saudi Arabia, announces that a retail offer through PrimaryBid has been successfully completed, raising gross proceeds of about... 

Firering completes RC drilling campaign at Côte d’Ivoire project

Aim-listed Firering Strategic Minerals has completed a 3 000 m reverse circulation (RC) drilling campaign at Atex, its flagship lithium project, in Côte d’Ivoire. The campaign entailed the drilling... 

Sasol launches its new forecourt station design

The Sasol Energy Business recently launched its new forecourt design, referred to as Mark – V design, to industry. The new retail forecourt and convenience store design, launched in Secunda,... 

Mathe Group expands capacity to produce more rubber crumb for roads

The use of large amounts of recycled rubber crumb for the manufacture of road surfaces and related products is propelling South Africa towards a circular economy where waste products are used to... 

Merafe’s shares rise on higher earnings expectations

The share price of JSE-listed Merafe Resources increased by more than 15% on the morning of March 4, after the company informed shareholders that it was likely to report higher earnings for the... 

Hulamin volumes down as it simplifies mix, weathers softer global markets

Softer global markets and business simplification resulted in JSE-listed Hulamin’s volumes decreasing by 15% year-on-year to 169 149 t for the year ended December 31, 2023. Hulamin undertook... 

Understated outlook for construction industry, but potential positives

Some positive growth experienced in several indicators in the construction sector tapered off in the last quarter of 2023, and this loss in momentum continued into this year. It remains to be seen...