DRA Global promotes Coetzee to executive director position

Engineering consultancy DRA Global has appointed nonexecutive director Val Coetzee as director of process and technology – an executive position – effective immediately. He will oversee the... 

Tietto goes from strength to strength following ‘undervalued’ takeover offer

As gold mining company Tietto Minerals nears full production rates at its Abujar gold mine, in Côte d’Ivoire, it is also focusing on organic growth opportunities, while Hong Kong-based Zhaojin... 

Sea Harvest generates solid profit despite cost increases, low prawn pricing

Following a challenging 2022 financial year, JSE-listed vertically integrated seafood company Sea Harvest has managed to grow its earnings before interest and taxes (Ebit) by 15% to R576-million in... 

Barrick partners with DRC-based oversight body to advance local content intiatives

Global miner Barrick Gold Corporation’s Kiballi gold mine, in the Democratic Republic of Congo (DRC), has partnered with the oversight body of the subcontracting sector, the Autorite de Regulation... 

MC Mining commissions independent report to further investigate Goldway offer

Further to MC Mining’s Independent Board Committee last week recommending that shareholders not accept a takeover offer from Goldway Capital Investment, MC Mining has released its formal target... 

RCL reports higher interim earnings, unbundling of its Rainbow business

JSE-listed consumer goods group RCL Foods has posted a 48% year-on-year increase in earnings before interest, taxes, depreciation and amortisation (Ebitda) to R1.5-billion for the six months ended... 

Mavuso urges public-private collaboration to mitigate looming natural gas cliff

Once again policy inaction and government’s inability to commit to large-scale investment will lead to a new blow to energy availability in the economy, with the looming natural gas cliff from... 

PTM shareholders show strong support for new directors

TSX- and NYSE-listed Platinum Group Metals (PTM) has announced its board of directors as voted for by shareholders at an annual general meeting on February 29, which had a turnout of shareholders... 

Marula makes maiden investment in Kenya to acquire a 60% interest in manganese mine

Battery metals miner Marula Mining has signed a binding term sheet with Kenyan manganese mine operator Gems and Industrial Minerals (GIM) to acquire a 60% commercial interest in the Larisoro mine,... 

New chemical tech at Barrick’s Buylanhulu mine results in cleaner tailings, better recoveries

Following a successful trial of chemical technologies provider Draslovka’s GlyCat glycine leaching technology at global miner Barrick Gold’s Buylanhulu mine, in Tanzania, the gold miner has started... 

M&R Cementation unveils mock-up underground mine training facility

Mining contractor Murray & Roberts (M&R) Cementation has unveiled its new mechanised mining mock-up facility, which serves to provide equipment operators and supervisors with a more realistic... 

KwaZulu-Natal municipalities now owe Eskom R1.5bn

The debt owed by municipalities in KwaZulu-Natal to Eskom have increased by R818-million between March 2023 and January this year, resulting in municipalities in the province now owing Eskom... 

Durban Container Terminal advances various operational improvement initiatives

Durban Container Terminal Pier 2 has reached stability as performance improvements gain traction, confirms Durban Terminals managing executive Earle Peters.  

Galileo reaches 80% shareholding in Zim-focused BC Ventures

London-listed Galileo Resources has met all conditions required to acquire an additional 51% shareholding in BC Ventures, which, coupled with its existing 29% shareholding, now adds up to an 80%... 

Kropz appoints new financial manager

Aim-listed phosphate miner Kropz has appointed chartered accountant Werner Greyling to succeed Louis Swart as financial manager, with effect from March 1. Swart will, however, assist the company in... 

Jupiter exceeds dividend policy with latest interim payout

ASX-listed Jupiter Mines has declared an interim dividend of A$0.01, after receiving a R142-million, or A$11-million, dividend from Tshipi é Ntle Manganese Mining. Jupiter will also receive... 

West African Resources upgrades planned production to more than 4Moz over the next decade

ASX-listed West African Resources expects to produce more than four-million ounces of gold over the next ten years, with production to peak at about 473 000 oz/y in 2029. The company owns the... 

Eastport appoints mining veteran Birchall as CEO

Canadian miner Eastport Ventures has appointed Robin Birchall CEO effective immediately. He brings to the board more than 20 years of experience in the investment banking sector within the mining... 

Another Salungano subsidiary enters business rescue

JSE-listed Salungano Group has advised that its indirect subsidiary Keaton Mining has filed for business rescue. Keaton Energy Holdings, which is a wholly-owned subsidiary of Salungano and the... 

Decisions, collaboration in next few months are crucial to bridge 2026 gas cliff, IGUA-SA warns

Large industrial gas users are starting to prepare for what will likely be South Africa’s next big energy crisis, the imminent shortage of natural gas. Petrochemicals manufacturer Sasol, as the... 

Consumer commission calls for all peanut product manufacturers to test aflatoxin levels

The National Consumer Commission (NCC) has issued a notice in terms of Section 60 of the Consumer Protection Act, calling on manufacturers of peanut butter, peanut butter-based products and... 

Ionic finds promising rare earth intersections, expands exploration target at Makuutu

ASX-listed Ionic Rare Earths has identified 69 holes with clay-hosted rare earth intersections above the current resource cut-off across three licences at the Makuutu rare earths project, in... 

Ivanhoe posts record normalised profit, adjusted earnings for 2023

Canadian miner Ivanhoe Mines has reported a record normalised profit of $388-million, as well as record adjusted earnings of $604-million for 2023. The Kamoa-Kakula operation, in the Democratic... 

Oriole confirms high-grade mineralisation at Mbe from partner’s soil sampling

Sub-Saharan African miner BCM International Group has uncovered gold mineralisation grading 256 g/t from outcrop sampling and 25.1 g/t gold from pit sampling over a 3-km-long target on the Mbe gold... 

Onus largely on private sector to recover economy, says Deloitte

With the 2024/25 national Budget not having provided much relief to taxpayers, and the economy having a high debt to gross domestic product (GDP) ratio and slow growth rates, South Africans need to... 

AngloGold reports dip in full-year profit, but strong free cash flow generation and production

Diversified miner AngloGold Ashanti has reported a strong performance in the 2023 financial year, having achieved production guidance at 2.6-million ounces and $109-million of free cash flow. The... 

SAWEA appoints new chairperson

The South Africa Wind Energy Association (SAWEA) has elected three new board members – Lena Chirwa, Lance Blaine and Nontokozo Nkozi, who will serve as treasurer – for the 2024 financial year.... 

Xtract concludes Manica disposal

Aim-listed Xtract Resources has concluded the disposal of its entire interest in the Manica gold project, in Mozambique. The company in January agreed terms for the disposal of its 23% net profit... 

Treasury publishes much anticipated PPP legislative amendments for public comment

National Treasury has proposed key amendments to municipal legislation and National Treasury Regulation 16 (NTR 16) following a review of the Public-Private Partnerships (PPPs) Framework, which is... 

Ironveld receives financing interest from South African lender

Aim-listed iron-ore, vanadium and titanium miner Ironveld has received a nonbinding term sheet from a South Africa-based financial institution to provide financing for its mine in South Africa’s... 

Thungela warns of lower earnings on back of Ensham deal

JSE-listed coal miner Thungela Resources has informed shareholders that its earnings per share (EPS) for the year ended December 31 will be between R88 and R93 lower, at between R34 and R39 apiece,... 

Perseus posts 21% increase in interim profit

ASX- and TSX-listed Perseus Mining has posted an 18% year-on-year improvement in earnings before interest, taxes, depreciation and amortisation to $280-million, as well as a 21% increase in profit... 

Shipping company to help boost South African citrus exports

The Citrus Growers Association of Southern Africa (CGA) has welcomed the announcement that global liner shipping company Hapag-Lloyd will be helping to export citrus from the ports in Durban and... 

Heraeus gets behind sustainable Japanese ammonia developer

German technology group Heraeus has invested in a Japan-based startup called Tsubame BHB, which has been developing an efficient technology for decentralised ammonia production. Ammonia is an... 

Gold Fields posts higher full-year earnings, maintains dividend at R7.45

JSE- and NYSE-listed Gold Fields has declared a total dividend of R7.45 a share for the year ended December 31, with $703-million in attributable profit having been generated. The attributable... 

Glencore pleased with its performance against the backdrop of lower commodity, energy prices

Global mining company Glencore has recommended a $0.13 a share, or $1.6-billion, base cash distribution to shareholders for the 2023 financial year, comprising $1-billion from marketing cash flows... 

SU opens new avenues for localisation with high-tech micro-manufacturing machine

In a first-of-its-kind for Africa, the Department of Electrical and Electronic Engineering in the Faculty of Engineering at Stellenbosch University (SU) has acquired a micro-manufacturing machine... 

Vukile raises R1bn for acquisitive growth

JSE-listed Vukile Property Fund will issue R1-billion of new ordinary shares following a successful accelerated bookbuild, with the funds to be used to capitalise on a pipeline of growth... 

SA Canegrowers maintains sugar tax increase will destroy jobs

Ahead of Finance Minister Enoch Godongwana’s Budget Speech on February 21, industry body the South African Cane Growers’ Association (SA Canegrowers) has called on National Treasury to prioritise... 

Tsodilo confirms subsidiary can proceed with PEA in Botswana following litigation

TSX-V-listed Tsodilo Resources has confirmed that its subsidiary Gcwihaba Resources can proceed with concluding a preliminary economic assessment (PEA) on a prospecting licence, in Botswana,...