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... 

Tharisa launches its Redox One energy storage business

Integrated resource group Tharisa has launched its Redox One business, which develops long-term energy storage solutions that incorporate the raw materials produced by Tharisa. The company says its... 

Tiris drilling results demonstrate resource growth potential – Aura

Radiometric results from the first 1 612 air core drill holes at ASX- and Aim-listed Aura Energy’s Tiris uranium project, in Mauritania, has demonstrated significant resource growth potential... 

Critical Metals appoints Gordon Thompson as nonexecutive director

Mining company Critical Metals, which is developing the Molulu copper/cobalt mine, in the Democratic Republic of the Congo (DRC), has appointed Gordon Thompson as nonexecutive director and... 

Clover recalls some peanut butter products, NCC investigates

Following numerous tests that revealed higher than acceptable levels of aflatoxin, food and beverage company Clover has recalled 10 776 units of its Go Nuts Peanut Butter 400 g. The recall by... 

Ministerial committee upholds referral of environmental approval

Morocco-focussed potash development company Emmerson has announced that the Commission Ministérielle de Pilotage has upheld the company's referral of environmental approval and has asked that the... 

TNPA invests in road rehabilitation project at Port of Durban

The intensified pressure posed by an influx of trucks on the Port of Durban’s road infrastructure has prompted State-owned utility Transnet National Ports Authority (TNPA) to invest R233-million on... 

BME to start local manufacturing of blasting technology in Western Australia

Having actively built its foundation in the Australian mining market over the past decade, global blasting and explosives specialist BME is ramping up its footprint and capability with facilities... 

MC Mining receives off-market cash takeover proposal

Coal miner MC Mining’s share price on the JSE rose by more than 6% on March 8, after announced that it had received a letter from fellow coal miner Vulcan Resources outlining a non-binding proposal... 

Circular economies can foster inclusivity in Africa, address social challenges – IWMI

Through resource efficiency, circular design, water reuse, repair and recycling, African nations can customise their economic systems to maximise social benefits and sustainability, the... 

Patel meets with EV manufacturers, investors during visit to China

Trade, Industry and Competition Minister Ebrahim Patel and a high-level delegation recently completed a four-day working visit to Shanghai, Nanjing and Beijing, in China, during which they met with... 

Petra urges discipline among diamond producers to ensure balanced inventory levels

Despite its exposure to various risks and uncertainties, such as rough diamond prices, political instability and liquidity challenges – which could have a material impact on its long-term... 

Minerals Council highlights progress and challenges of women in mining

With the United Nations having designated the theme of this year’s International Women’s Day as ‘Invest in women: Accelerate progress’, Minerals Council South Africa president and chair of the... 

Marula appoints new community relations, development manager in Kenya

Mining and development company Marula Mining has appointed James Mugambi as the community relations and development manager at Muchai Mining Kenya. Mugambi will be working at the Larisoro mine, in... 

Busa deputy CEO to succeed Coovadia in 2025

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

Jubilee establishes separate subsidiary boards for its South African, Zambian operations

Metals processor Jubilee Metals has established separate subsidiary boards for its South African and Zambian operations to better reflect the current level of business maturity of those operations.... 

RES4Africa releases latest study findings

Sustainable energy organisation the Renewable Energy Solutions for Africa Foundation (RES4Africa) unveiled its latest study - conducted with South African power utility Eskom and technical... 

NCPC-SA launches circularity programme in North West

The National Cleaner Production Centre South Africa (NCPC-SA) launched an Industrial Symbiosis Programme (ISP) with the North West provincial government and local municipalities to enable... 

Hitachi Energy, BluVein accelerate the electrification of heavy haul mining fleets through MoU

Global technology group Hitachi Energy and BluVein – an innovator in dynamic charging technology – have signed a memorandum of understanding (MoU) to accelerate the electrification of heavy haul... 

Lucapa recovers two diamonds of over 100 ct each

ASX-listed Lucapa Diamond Company and its partners Endiama and Rosas and Petalas, have recovered two diamonds of over 100 ct each from the terraces of Mining Block 46 at the Lulo mine, in Angola.... 

Report reveals drop in insolvencies for South Africa, but challenges remain

Trade credit insurance company Allianz Trade has released its latest ‘Global Insolvency Report’, unveiling updated forecasts for 2024 and 2025. According to Allianz, global insolvencies are set to... 

Caledonia warns of lower full-year profit on the back of one-off items

LSE-listed Caledonia Mining expects to report an adjusted profit before tax for the year ended December 31, 2023, materially below market expectations, owing to increased operating costs and...