Mingomba discovery highlights value of Konkola West by proximity

Aim-listed Tertiary Minerals has highlighted the promise of its Konkola West copper project, in Zambia, thanks to its close proximity to the Bill Gates and Jeff Bezos-backed KoBold Metals’ Mingomba... 

Kamoa-Kakula, Trafigura become first Lobito railway corridor customers

The Kamoa-Kakula Copper Complex, in the Democratic Republic of Congo (DRC), and commodities trader Trafigura have both signed a term sheet outlining the key terms for a reserve capacity agreement... 

TLT-Turbo appoints new CEO

Mining, tunnel and industrial fan manufacturer and mechanical vapour recompression (MVR) technology company TLT-Turbo has appointed Gerd Jegodzinski as its new CEO, effective January 4, succeeding... 

Petrol, diesel prices to go up by more than 70c/ℓ on Wednesday

Both 93 and 95 unleaded petrol (ULP) and lead replacement petrol (LRP) are going to cost an additional 75c/ℓ from February 7. The cost of diesel is also going to increase. For 0.05% sulphur diesel,... 

DRDGold to report higher interim earnings, despite cost increases

JSE-listed gold mining company DRDGold, which is in the process of finalising its results for the six months ended December 31, expects to report a 5% to 15% year-on-year increase in earnings per... 

Red Rock hopes to end $10m arbitration in the DRC this week

Aim-listed Red Rock Resources has reported that closure is imminent with regard to its arbitration over a $10-million claim being pursued in the Democratic Republic of Congo (DRC) over its interest... 

Energy shortage presents mining industry with opportunities, pivotal choices

The energy challenges facing mining companies in South Africa have given rise to significant opportunities, strategic management consulting firm Boston Consulting Group partner Rudi van Blerk says.... 

New Bacsa to support business, govt collaboration in fight against crime, corruption

Industry body Business Against Crime South Africa (Bacsa) has been confirmed as the primary point of contact for business interaction with government on crime and corruption through government... 

Energy community must scrutinise IRP 2023 – SAWEA

The South African Wind Energy Association (SAWEA) is urging the energy community to critically analyse the revised draft Integrated Resource Plan 2023 (IRP 2023) to provide constructive inputs that... 

Royal Academy of Engineering awards South African entrepreneur top prize

UK charity the Royal Academy of Engineering has celebrated its tenth anniversary of the Africa Prize for Engineering Innovation, with a medal awarded by UK Princess Royal Anne Mountbatten-Windsor,... 

New potash processing method set to improve environmental, economic returns – Emmerson

Aim-listed potash development company Emmerson has said the results of an in-depth scoping study on a new and innovative processing route at its wholly-owned Khemisset potash project, in Morocco,... 

South Africa climbs to 23rd in PwC’s EMEA Private Business Attractiveness Index

Within the Europe, Middle East and Africa (EMEA) region, South Africa is being looked at in a more favourable light as a location for private business, according to PwC’s latest 'EMEA Private... 

Metals and engineering employers, trade unions sign landmark relationship agreement

Employers and trade unions who attended a Metal and Engineering Industries Bargaining Council (MEIBC) meeting on January 31 have signed a landmark process or relationship agreement, paving the way... 

Sylvania reports 10% drop in production owing to December shutdown

Platinum group metals (PGM) producer and developer Sylvania reported a 10% drop in production for the quarter ended December 31 – the second quarter of its 2024 financial year. The Sylvania Dump... 

Kwale titanium mine to close at end of year

African mineral sands producer Base Resources has confirmed that its Kwale titanium mining operation in Kenya will come to an end at the end of the year. In an operational, development and... 

Global economic growth expected to stagnate this year

Global economic growth is expected to be subdued, if not stagnant this year, with global trade also expected to be sluggish, financial services provider Investec reports. According to the World... 

Gauteng transport department ‘deeply concerned’ about traffic light vandalism

The Gauteng Department of Roads and Transport has expressed “deep concern” regarding a recent surge in vandalism and theft targeting traffic signals within the province. In a statement issued on... 

Glencore allows Falco to use its land for Horne 5

Base and precious metals exploration and development company Falco Resources has entered into an operating licence and indemnity agreement (OLIA) with diversified miner Glencore Canada, in which... 

Merafe’s 2023 chrome production 22% down year-on-year

Chrome producer Merafe has reported that its attributable ferrochrome production from the Glencore Merafe Chrome Venture in the fourth quarter ended December 31  was 75 000 t, compared with the 97... 

Ethiopia’s Tulu Kapi gold project receives lead-lender thumbs up

Aim-listed Kefi Gold and Copper has received confirmation of conditional final credit committee approval from the lead lender for its “shovel-ready" Ethiopian development project, the high-grade... 

Glasfit achieves Level 2 BBBEE certification

Glass repair and replacement company Glasfit has attained its broad-based black economic empowerment (BBBEE) Level 2 certification, featuring a 55.9% black female ownership. “We believe diversity... 

Marula commissions Rados XRF ore sorter at Blesberg mine

AQSE-listed mining and development company Marula Mining has completed the commissioning of a Rados SRF100-8 X-ray fluorescence (XRF) ore sorter at its Blesberg lithium and tantalum mine, in the... 

Downstream companies implore ArcelorMittal South Africa, govt to avoid long steel plant closures

The South African downstream steel industry has urgently appealed to both steel producer ArcelorMittal South Africa (AMSA) and the government to find immediate solutions that will allow the... 

Tsodilo applies to have Botswana Minerals and Energy Minister held in contempt of court

Canadian mineral resources exploration and development company Tsodilo Resources has filed an interlocutory application in the Botswana High Court, calling on Minerals and Energy Minister Lefoko... 

Seriti donates R6.5m worth of vehicles to Emalahleni SAPS

Coal mining company Seriti Resources’ Seriti Community Trust has handed over ten new vehicles worth R6.5-million to the South African Police Service (SAPS) in Emalahleni, Mpumalanga. The vehicles... 

Madison receives first tranche of forward sales agreement at prices well above price floor

Canadian uranium exploration and development company Madison Metals has announced that, since November last year, it has successfully received funds for the first tranche of its forward sales... 

Financial closure for $90m small-scale LNG plant in Tanzania imminent

Energy solutions company KS Energy is targeting financial closure this year for the first phase of a small-scale liquefied natural gas (LNG) supply chain in partnership with a Tanzanian gas... 

South African delegation to Davos says it used opportunity to punt investment potential

South Africa’s delegation to the World Economic Forum’s (WEF’s) yearly meeting in Davos, Switzerland, from January 15 to 19, led by Finance Minister Enoch Godongwana, has said it used the platform... 

University of Pretoria scientists lead study on natural hydrogen find in Mpumalanga

Scientists at the University of Pretoria (UP) are leading a study of natural hydrogen gas discovered beneath the Earth’s surface in Mpumalanga.   The gas could be a source of renewable energy that... 

Zenith resumes full control over Split Rocks and Waratah Well lithium projects

ASX-listed Zenith Minerals has resumed 100% control over both the Split Rocks and Waratah Well lithium projects in Western Australia. "Regaining full control of our key lithium assets in Western... 

ERG guns for cobalt refinery development in Saudi Arabia

Diversified mining company Eurasian Resources Group (ERG) is pursuing the development of a refinery to process cobalt hydroxide into cobalt sulphates, the primary form of supply for cobalt-bearing... 

Fortune Bay acquires Spruce uranium project in Saskatchewan

TSXV-listed exploration and development company Fortune Bay has acquired the Spruce uranium project in the north-central margin of the Athabasca Basin, near the community of Fond du Lac, in... 

BMI forecasts a higher average copper price in 2024

Market research organisation BMI – a Fitch Solutions company – has maintained its average yearly copper price forecast at $8 800/t for this year. This is higher than the 2023 average price, and is... 

Merafe reports a 22% drop in chrome production for 2023

Chrome producer Merafe has reported that its attributable ferrochrome production from the Glencore Merafe Chrome Venture in the fourth quarter ended December 31  was 75 000 t, compared with the 97... 

Thirtieth Mining Indaba to focus on industry disruption, change

This year the Investing in African Mining Indaba, which takes place from February 5 to 8, in Cape Town, will celebrate its 30-year anniversary. Under the theme ‘Embracing the power of positive... 

Durban Container Terminal Pier 2's performance improving but ‘not out of the woods’

The Durban Container Terminal (DCT) Pier 2 has averaged single-digit vessels at anchor over the last two weeks, having earlier ensured that all priority cargo across the retail, automotive, energy... 

Tharisa reports highest ever quarterly chrome output, increased PGMs production

London- and JSE-listed Tharisa has reported an 8.7% increase in mill throughput at its South African operations to more than 1.4-million tonnes, with improvements in both grade and recovery for... 

Kefi receives approval from final credit committee to go ahead with Tulu Kapi gold project

Aim-listed Kefi Gold and Copper has received confirmation of conditional final credit committee approval from the lead lender for its “shovel-ready" Ethiopian development project, the high-grade... 

Richards Bay Bulk Terminal conveyor repairs remove 400 coal trucks from roads

One of three conveyor belts damaged in the October 2021 fires has returned to full operation at the Richards Bay Bulk Terminal, in KwaZulu-Natal, and will prioritise the handling of coal exports.... 

Lucara extends repayment schedule on $220m debt package

Diamond mining company Lucara Diamond has executed amended documentation related to its senior secured project financing debt package, initially established in July 2021 at a value of $220-million....