Africa’s average rank increases marginally in Global Cities Index

Social, geopolitical and technological transformations are actively disrupting the traditional hierarchy of global cities, creating a more widely distributed geography of opportunity, global... 

Emmerson still awaiting Ministerial environmental approval for Morocco project

London-listed Emmerson is still awaiting the session of the Commission Ministérielle de Pilotage (Ministerial Committee) to obtain environmental approval for the Khemisset potash project that it is... 

Outa questions Gazprombank, nuclear procurement announcements

This week’s announcements of government’s plan to pursue the procurement process for 2 500 MW of new nuclear capacity, along with Cabinet’s decision to endorse a R3.7-billion investment deal... 

Madison identifies high-grade uranium at Namibia project

The Khan project, in Namibia, is becoming a valuable asset to Canadian-headquartered Madison Metals and has potential to contain new high-grade uranium discoveries, says chairperson and CEO Duane... 

Orion appoints two nonexecutive directors

JSE- and ASX-listed Orion Minerals has appointed Anthony Lennox and Patience Mpofu as nonexecutive directors. Lennox has 40 years of resource sector experience in operations, project development... 

Hummingbird completes conversion of interest in Dugbe project into Pasofino

Aim-listed Hummingbird Resources has completed the conversion of its 51% interest in the Dugbe gold project, in Liberia, into a 51% controlling interest in TSX-V listed Pasofino, to provide clear... 

Ramaphosa announces establishment of R1bn Presidential PhD Initiative to drive STI

President Cyril Ramaphosa has announced the establishment of the Presidential PhD Initiative, through the initial investment of R1-billion from the National Skills Fund. The President was... 

NRCS recalls cement product over insufficient strength

The National Regulator for Compulsory Specifications (NRCS) is recalling the Econo Cement CEMV/AS-V32.5N product from all distributors and retail outlets across South Africa, saying it has failed... 

IonicRE increases ownership of Makuutu project to 94%

ASX-listed Ionic Rare Earths (IonicRE) has signed a share purchase agreement with Rare Earth Elements Africa to acquire a further 34% interest in local Ugandan operating entity Rwenzori Rare... 

Botswana Diamonds to undertake next stage exploration near its KX36 project

Diamond company Botswana Diamonds will embark on follow-up ground geophysics on four anomalies that were identified contiguous with the company’s KX36 project in the Kalahari, in Botswana. They... 

TNPA increases tug availability at the Port of Durban

The Transnet National Ports Authority (TNPA) has increased the number of tugs available to an average of six. The increased tug availability is set to complement the recently announced 24-hour... 

Anglo reconfigures some assets as it targets lower costs, capex

Global diversified miner Anglo American is focusing on improving its cost performance and cash generation by reconfiguring several assets to adjust the production profile to near-term constraints... 

Nedbank announces R10m Green Economy Fund

At the Nedbank Green Indaba, held on November 30, Nedbank Corporate Social Investment executive head Poovi Pillay announced that the bank had set up its Green Economy Fund with initial capital of... 

Geopolitical tensions, continued central bank buying likely to support gold in 2024

Gold had a strong 2023, defying expectations amid a high interest rate environment and outperforming commodities, bonds and most stock markets, the World Gold Council (WGC) says as it outlines... 

IDC, ACWA Power sign R20bn deal to boost energy security in South Africa

South African development funder the Industrial Development Corporation (IDC) and Saudi Arabia-based electric power generation company ACWA Power Company signed a joint development agreement term... 

Afrimat Construction Index returns to growth in the third quarter

JSE-listed Afrimat has released the findings of its Afrimat Construction Index (ACI) for the third quarter of the year, and according to economist Dr Roelof Botha, the lethargy of the economy as a... 

Ionic selects WSP to deliver feasibility study for UK magnet recycling facility

ASX-listed Ionic Rare Earths’ 100%-owned subsidiary Ionic Technologies International, based in Belfast, in the UK, has progressed the delivery of a feasibility study for a commercial magnet... 

Gold ETF outflows slowed considerably in November, says WGC

Global gold exchange-traded funds (ETFs) outflows slowed significantly in November supported by net inflows into North American funds, industry organisation the World Gold Council (WGC) reports.... 

Altona’s shareholding in Monte Muambe increases to 51%

London-listed Altona’s shareholding in Monte Muambe Mining Limitada has now increased from 20% to 51%, following the successful completion of Phase 2 of the Monte Muambe rare earths project. Monte... 

Commission granted application to add price fixing contravention to case against brick makers

The Competition Tribunal has granted an application by the Competition Commission to amend its complaint referral (charge sheet) against two brick manufacturers. The tribunal’s order means that the... 

Marula completes drilling programmes at South African project ahead of schedule

Africa-focused mining and development company Marula Mining has completed Phase 1 and 2 diamond drilling programmes at the Blesberg lithium and tantalum mine in South Africa, ahead of schedule,... 

Critical Mineral Resources acquires new permits in Morocco

Aim-listed Critical Mineral Resources (CMR) has been granted four new exploration permits in the Rabat and Beni-Mellal regions in Morocco.  The three new permits, covering an area of about 80 km2,... 

AfDB grants $33m to Mozambique to improve grid

The African Development Bank (AfDB) Group approved a grant of $33.25-million to Mozambique to implement the Songo-Matambo electricity transport line project, during a meeting in Abidjan on December... 

Test work at Southern Palladium’s Bengwenyama shows strong PGM recovery rates

Preliminary, unoptimised testing at JSE- and ASX-listed Southern Palladium’s Bengwenyama platinum group metal (PGM) project, in the Bushveld Complex of South Africa, indicates that the Bengwenyama... 

Festival of Motoring announces 2024 dates, extended WesBank partnership

The Festival of Motoring, described as an African celebration of automotive excellence, will take place from August 30 to September 1, 2024, at the Kyalami Grand Prix Circuit, in Johannesburg. This... 

Creecy publishes amendment to renewable energy facility environmental authorisation

Forestry, Fisheries and the Environment Minister Barbara Creecy has published an amendment of certain requirements for an application for environmental authorisation for a renewable energy... 

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... 

Black Friday sales data reflective of consumer strain, online shopping preference – Ecentric

Although the volume of Black Friday and Cyber Monday sales increased over this sales period, data from payment service provider Ecentric Payment Systems shows that the value of transactions and the... 

Zero Carbon Charge welcomes EV White Paper, but calls for increased renewable energy charging stations

South Africa’s pioneer of a national network of renewable energy charging stations Zero Carbon Charge has welcomed the Electric Vehicle (EV) White Paper released by the Department of Trade,... 

Andrada produces high-grade spodumene concentrate at Lithium Ridge licence area

Aim-listed Andrada Mining has produced high-grade lithium spodumene concentrate from mineralised pegmatite material sourced from the Lithium Ridge licence area –  a fully permitted mining licence... 

TotalEnergies takes steps to broaden methane emission reductions in the oil, gas sector

TotalEnergies has announced the signing of three cooperation agreements with national oil and gas companies – Petrobras in Brazil, SOCAR in Azerbaijan and Sonangol in Angola – to carry out methane... 

South African auto sector to produce first EVs in 2026, says Patel at launch of key White Paper

The Department of Trade, Industry and Competition (dtic) on December 4 released the Electric Vehicles (EV) White Paper, as well as the Green Hydrogen Commercialisation Strategy final report.... 

EIB, Bank of Kigali to develop €100m fund for climate fund adaptation for farmers

The European Investment Bank (EIB) and the Bank of Kigali on December 2 confirmed that they are developing a new targeted sustainable agriculture financing initiative, the first climate resilience... 

Lindian progressing Malawi project

ASX-listed Lindian Resources has made “excellent” progress this year on mine development operations and the commissioning of the Stage 1 processing plant at the Kangankunde rare earths project in... 

Charles Dos Santos to succeed Rob Richardson as Air Products South Africa MD

Air Products South Africa has announced that Charles Dos Santos will succeed Rob Richardson as MD with effect from February 1, 2024. Richardson has led the company since 2016 but has announced his... 

TNPA bolsters interventions at Port of Durban to expedite recovery

Transnet National Ports Authority (TNPA) is assisting terminal operators with implementing the container recovery plan more easily at the Port of Durban by providing a 24-hour helicopter services... 

Exxaro, Cennergi unveil solar project

Diversified mining and renewable energy solutions company Exxaro Resources and its wholly-owned subsidiary Cennergi on November 16 unveiled the Lephalale solar project (LSP), with the sodturning... 

Commission addressing gaps, challenges in BBBEE

The Broad-based Black Economic Empowerment (BBBEE) Act, now in its twentieth year, has achieved several successes, but challenges abound, and transformation is not at the requisite level, and the... 

Building sector business confidence index reaches eight-year high

The FNB/BER Building Confidence Index, which measures sentiment in the building sector, increased to an eight-year high of 43 (a gain of nine index points) in the fourth quarter of this year. The... 

Sanral to resume road tenders under interim procurement policy

The South African National Roads Agency Limited (Sanral) will on November 29 resume procurement for road construction projects, with 86 tenders to be advertised. CEO Reginald Demana has announced...