Red Rock progressing Central, West African projects

Natural resource development company Red Rock Resources now has four active licences in West Africa over project of “high prospectivity”, chairperson Andrew Bell says. This follows the recent... 

MIIF invests $5m to support Atlantic’s Ewoyaa project

Lithium exploration and development company Atlantic Lithium has welcomed Ghana’s sovereign minerals wealth fund the Minerals Income Investment Fund (MIIF) onto its shareholder register following... 

Germany’s KfW donates equipment to South Africa’s public healthcare system

Minister of Health Dr Joe Phaahla will, on January 25, preside over an official handover ceremony of mobile health clinics, cold chain and information technology equipment from the German... 

Caracal raises £140 000 for working capital, corporate costs

East African gold producer Caracal Gold has raised £140 000 by way of a subscription through the issue of  46.7-million new ordinary shares in the company, to be used for working capital at its... 

Zambia president Hakainde Hichilema to deliver keynote address at Mining Indaba

Zambian President Hakainde Hichilema is set to deliver a keynote address at the Investing in African Mining Indaba, which will take place from February 5 to 8 in Cape Town, South Africa. This will... 

Sovereign appoints SocialEssence to assist in progressing Malawi project

Aim- and ASX-listed Sovereign Metals has appointed specialist social performance consultancy SocialEssence to assist in the continued development of the company’s stakeholder relations, social... 

Aton reorganises management team, appoints new COO

TSX-V-listed Aton Resources has reorganised the management team at its Abu Marawat Concession in the Eastern Desert of Egypt. Robert Parr has been appointed COO and will be responsible for... 

Botswana Diamonds discovers high-grade anomaly close to KX36 in the Kalahari

BSE- and Aim-listed Botswana Diamonds has completed a gravity survey over four high-grade geophysical targets that had good magnetic response in a previous survey undertaken by the company.... 

Koryx files amended PEA for Namibia project

TSX-V-listed Koryx Copper, previously known as Deep-South Resources, announces that it has filed an amended preliminary economic assessment (PEA) technical report for the Haib copper project, near... 

RMB, Clairfield International announce formal partnership

Europe-based global corporate finance partnership Clairfield International and FirstRand Bank division Rand Merchant Bank (RMB), have formally agreed to partner, marking both firms’ commitment to... 

Shanta exceeds its production guidance for 2023

Aim-listed Shanta Gold has surpassed its production guidance for 2023, despite a moderate slowdown at its New Luika gold mine (NLGM), in Tanzania. The company benefitted from a strong gold price... 

Full time operations under way at Ionic's UK magnet recycling demonstration plant

ASX-listed Ionic Rare Earths’ 100%-owned subsidiary Ionic Technologies International has started operations in Belfast, in the UK. Ionic Technologies is a global player in the recycling of... 

Perseus intends to make takeover bid for OreCorp, rivalling Silvercorp

ASX-listed Perseus Mining has announced its intention to make an off-market takeover offer for all of the issued shares in ASX-listed OreCorp that it does not already own for a cash consideration... 

Graphite concentrate from Volt’s Tanzania project meets customer requirements

ASX-listed graphite producer and natural graphite anode developer Volt Resources says a portion of graphite ore from its 100%-owned Bunyu graphite project, in Tanzania, that was recently processed... 

Marula approves $6.38m exploration budget for Tanzanian projects

AQSE-listed Marula Mining’s 2024 exploration budgets for the advancement and development of the company’s Kinusi copper mine and the Bagamoyo, Nyorinyori and NyoriGreen graphite projects, all... 

Oxford Economics’ Sustainable Development scenario updated

Oxford Economics’ Global Climate Service has updated its Sustainable Development scenario, with a focus on the required mitigation funding. It has modelled a scenario in which mitigation funding... 

Exxaro, Council for Geoscience sign MoU to drive sustainability, decarbonisation

Diversified miner Exxaro Resources and South African national science council the Council for Geoscience (CGS) have entered into a memorandum of understanding (MoU) to drive sustainability and... 

Aton receives mining licence for Abu Marawat concession in Egypt

An exploitation lease, or mining licence, for gold and associated minerals has been issued to TSX-V-listed Aton Resources for its 100%-owned Abu Marawat Concession, in the Eastern Desert of Egypt.... 

Steve Phiri appointed nonexec director of Merafe

JSE-listed chrome producer Merafe Resources has appointed former Royal Bafokeng Platinum CEO Steve Phiri as an independent nonexecutive director, with effect from February 1. Phiri holds B luris,... 

Trade conditions remained weak in November, December, but more positive outlook anticipated – Sacci

Industry organisation the South Africa Chamber of Commerce and Industry’s (Sacci’s) December 2023 survey on trade conditions indicated a slight improvement in the trading climate for November and... 

Makuutu rare earths project granted large-scale mining licence

ASX-listed Ionic Rare Earths (IonicRE) reports that Rwenzori Rare Metals, owner of the Makuutu heavy rare earth project, in Uganda, has formally received the granted large-scale mining licence over... 

Expansion on track at Zambian project, First Quantum says

As part of its 2023 Preliminary Production and 2024 to 2026 guidance, published this week, TSX-listed First Quantum Minerals has reiterated its commitment to delivering the S3 Expansion project at... 

Kenmare meets 2023 guidance

London-listed Kenmare Resources, which operates the Moma titanium minerals mine in northern Mozambique, produced 986 300 t of ilmenite for the 2023 full year, within its revised guidance range for... 

Tirupati raises £1.05m to optimise production in Madagascar

Specialist flake graphite company Tirupati Graphite has raised gross proceeds of £1.05-million by way of a private placing of 9.5-million new ordinary shares. Optiva Securities acted as sole broker... 

GoviEx progressing projects despite political challenges

Despite bullish uranium prices, the unexpected military coup in Niger, where TSX-V-listed GoviEx’s  Madaouela project is located, has created some challenges, CEO Daniel Major and executive... 

Toro makes progress on Lake Maitland uranium project extension study

ASX-listed Toro Energy’s extension study of the proposed Lake Maitland uranium/vanadium operation, located about 105 km southeast of the Wiluna township, in Western Australia, has significantly... 

Critical Minerals acquires 26 Moroccan permits

Aim-listed Critical Mineral Resources has acquired 26 exploration permits prospective for copper, antimony, tungsten, lead/zinc and gold in central Morocco. The company has acquired the permits... 

Northam’s interim output up nearly 20%

Platinum group metals miner Northam Platinum has reported a 10.6% year-on-year increase in total equivalent refined metal production from its own operations and a 19.9% year-on-year increase in... 

Lotus poised to be major uranium player with Kayelekera restart, Letlhakane optimisation

ASX-listed Lotus Resources has, post the completion of its acquisition of A-Cap, finalised the preliminary work programmes required to enable it to become a global uranium player, targeting a... 

Bushveld yet to receive $12.5m from SPR

Aim-listed Bushveld Minerals has announced that the receipt of $12.5-million funds from Southern Point Resources (SPR) under the recently announced $18.4-million equity capital raising has not yet... 

New graphite mining licences issued to Marula’s local partners in Tanzania

Seven new mining licence applications (MLAs) collectively submitted by AQSE-listed Marula Mining's local partners Takela Mining Tanzania (TMT) and NyoriGreen Mining Limited (NML) at the Nyorinyori... 

EAIF completes $294m debt raise for African infrastructure

Private Infrastructure Development Group (PIDG) company the Emerging Africa Infrastructure Fund (EAIF) has raised $294-million of additional debt facilities, achieving over half of its target to... 

Firering begins RC drilling campaign in Côte d'Ivoire

Aim-listed Firering has started its 3 000 m reverse circulation (RC) drilling campaign at Atex, its flagship lithium project in Côte d’Ivoire. The programme began at identified lithium-bearing... 

Oriole reports increase in resources at Cameroon project

Aim-listed Oriole Resources has reported an updated inferred Joint Ore Reserves Committee-compliant mineral resource estimate (MRE) of 375 000 oz grading 2.30 g/t gold for Bakassi Zone 1, one of... 

Angolan sovereign wealth fund satisfied with Longonjo construction progress

Angolan sovereign wealth fund Fundo Soberano de Angola (FSDEA) is “delighted to see the excellent progress” that is being achieved on site at the Longonjo rare earths project, as this is an... 

Economic uncertainty to persist, report shows

Global economic prospects are expected to remain subdued and uncertain, according to the latest ‘Chief Economists Outlook’ report released on January 15, as the global economy continues to grapple... 

Altona receives Ministerial approval to increase holding in Monte Muambe Mining

London-listed Altona has received formal regulatory approval from the Mozambican Minister of Mineral Resources and Energy regarding the increase of its shareholding in Monte Muambe Mining to 51%.... 

RMB invests in KOKO to expand clean energy for cooking in Africa

Corporate and investment bank Rand Merchant Bank (RMB) has announced a strategic partnership with climate technology company KOKO, where it has acted as the lead mandated arranger and financier for... 

Power Metal, Saudi Arabia to collaborate on exploration opportunities

Aim-listed Power Metal Resources, which has a presence in North America, Africa and Australia, has signed a nonbinding memorandum of understanding (MoU) with the Ministry of Investment and Mineral... 

COP28 deal offers opportunities for renewables-powered charging stations – Zero Carbon Charge

The twenty-eighth Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change that targets reaching 11 terawatts (TW) of renewable energy generation capacity by...