Sanlam buys in on Sappi, Alien Fuel Group biomass-to-energy project

Asset manager Sanlam Investments will invest R46-million in a joint venture (JV) biomass-to-energy project between energy company Alien Fuel Group and pulp, paper and packaging manufacturer Sappi... 

Bakubung employees undertake illegal sit-in in latest blow to Wesizwe

JSE-listed Wesizwe Platinum says employees have embarked on an illegal sit-in at the Bakubung platinum mine, in North West, since the morning of December 6. Employees chose not to return to... 

Power Minerals nears offtake, funding agreement with Xiamen on Argentina project

Australia-listed Power Minerals is on the cusp of signing a binding offtake, funding and logistics agreement with Shanghai-listed Xiamen Xiangya New Energy for the Salta Lithium project, in... 

McEwen increases stake in Goliath to 5%

Prominent mining company owner Rob McEwen will increase his stake in TSX-V-listed Goliath Resources by completing a private placement for 1.42-million shares, resulting in him owning 5% of the... 

Newmont pours 8 000th gold doré bar

Colorado-based Newmont Corporation’s Musselwhite mine, in Ontario, has reached the milestone of pouring its 8 000th gold doré bar since the mine started with commercial production in 1997. The... 

Australian science agency launches green hydrogen production facility

Australia’s national science agency Commonwealth Scientific and Industrial Research Organisation (CSIRO) has launched a $2.5-million green hydrogen refuelling station at CSIRO’s Clayton site, in... 

Gold Royalty invests $31m in Brazilian gold project

Precious metals royalty and streamlining company Gold Royalty has announced it will provide $31-million in project financing to Canadian miner Aura Minerals for the Borborema gold project, in... 

Bushveld raises $18.4m

Aim-listed Bushveld Minerals has raised $18.4-million, or £14.6-million, through a placing and direct subscriptions with the company by Southern Point Resources (SPR), Acacia Resources, Orange... 

Greater govt support for multimodal efficiencies needed, experts agree

The cost of logistics in South Africa has increased significantly in the last eight years to about R800-billion a year at present and accounting for half of all products’ inherent costs. This... 

Agbiz optimistic about market expansion with addition of new Brics members

With more countries to become members of the Brazil, Russia, India, China and South Africa (Brics) grouping, the South African agricultural industry will seek to deepen trade with these countries,... 

First Quantum, Mimosa to fast-track Zambia project

Mining and metals company First Quantum Minerals (FQM) and Mimosa Resources (Mimosa) have signed a revised Kashime Development Agreement, which is a joint commitment to fast-track the development... 

BMI unpacks key mining, metal trends forecast for 2024

Research agency BMI expects only a slight improvement to mineral and metals prices next year owing to continued weak demand in mainland China and overall global growth deceleration. Global growth... 

Edison upgrades valuation forecast for Pan African Resources

Financial advisory Edison Group has upgraded its confidence in Pan African Resources after the company posted higher production expectations for the 2024 financial year and as a result of it having... 

Sappi gains verification for high social, labour initiatives at Saiccor Mill

JSE-listed paper and packaging manufacturer Sappi has completed a verification of the Higg Facility Social and Labour Module (FSLM) at its Saiccor Mill in South Africa, achieving a final score of... 

BLSA says SOE audits remain cause for concern this year

While national and provincial government has made strides in improving financial management, there is also a concerning increase in entities that simply do not complete audits, says Business... 

Miners aiming for more than mere adherence to regulations as pressure to improve ESG practices mounts

There is increasing pressure from stakeholders in all sectors for companies to improve their environmental, social and governance (ESG) practices, but the mining industry, in particular, has to... 

Anglo launches digital provenance solution

Diversified miner Anglo American has launched a digital traceability solution called Valutrax, which is designed to provide customers with greater assurance about the provenance of the products... 

Copper 360 unpacks expanded production plan for Rietberg

JSE-listed emerging miner Copper 360 is poised to ramp up production quickly albeit at higher costs than originally planned, having redesigned its mine plan for the Rietberg mine, in the Northern... 

Stanlib launches country’s first dedicated energy transition asset investment fund

Specialist investment manager Stanlib has launched the Khanyisa Energy Transition Fund (KETF) to spark investment in energy transition assets. Khanyisa, meaning “to illuminate”, is a range of... 

Fairvest posts income growth, lower vacancies

JSE-listed Fairvest has made excellent progress in derisking its balance sheet, reducing vacancies and disposing of noncore assets in the financial year ended September 30. The property company... 

Agriculture records good year of income, jobs growth in 2022

Statistics South Africa (Stats SA) finds in its latest Agriculture Survey for 2022 that the sector generated R450-billion in income for the year, compared with R404-billion in income generated for... 

Ionic receives support towards mining licence grant in Uganda

ASX-listed Ionic Rare Earths Limited says its Ugandan subsidiary now has land access agreements in place for 95% of the mining licence area for the Makuutu rare earths project. Owing to support... 

Exxaro expects lower full-year volumes, but stable demand

Diversified mining and renewable energy group Exxaro Resources says seaborne thermal coal prices have remained under pressure for most of the year, owing to weak demand in Europe and Northeast... 

Delta reports lower interim rental income, but also lower expenses

Real estate investment trust (Reit) Delta Property Fund has reported lower rental income of R573-million in the six months ended August 31, largely owing to a decline in contractual rental income... 

Ivanhoe discovers more high-grade copper to the west of Kamoa-Kakula

TSX-listed Ivanhoe Mines has made a high-grade copper discovery to the west of its Kamoa-Kakula Copper Complex in the Democratic Republic of Congo. The discovery was made on joint venture licences... 

Red Rock granted second exploration licence in Côte d'Ivoire

Gold, copper, cobalt and lithium developer Red Rock Resources’ subsidiary in Côte d'Ivoire has been issued a second licence in the country covering 380 km2 in an area south of Yamoussoukro. The... 

Bureau Veritas goes off-grid at lab in Cape Town

Global testing, inspection and certification body Bureau Veritas has installed a solar power plant at its AgriFood Laboratory, in Cape Town, to enable operations to continue without reliance on the... 

Southern Palladium brings Baxter on board as chairperson

ASX- and JSE-listed Southern Palladium has appointed Roger Baxter as nonexecutive chairperson, effective January 1, 2024. Baxter had been CEO of the Minerals Council South Africa for eight years... 

Busa, B4SA raise deep concerns over lack of due process on NHI adoption

Business Unity South Africa (Busa) and Business for South Africa (B4SA) have written to the National Council of Provinces (NCOP), as well as to Deputy President Paul Mashatile to raise their deep... 

Families of unlawfully convicted engineers plead with Dirco to ramp up bilateral efforts

It has been more than nine months since Frik Potgieter and Peter Huxham were arrested on fabricated charges in Equatorial Guinea, with their families urging the South African government to step up... 

S&P’s upgrades Eskom’s ratings on the back of govt bailouts

State-owned power utility Eskom’s long-term issuer credit rating has been upgraded to ‘B’ from ‘CCC+’ with a stable outlook on the group’s senior secured and senior unsecured debt. Ratings agency... 

Perseus lifts stake in OreCorp to 19.9% ahead of vote on takeover by Silvercorp

ASX- and TSX-listed Perseus Mining has increased its interest in Tanzanian gold miner OreCorp from 15.03% to 19.9%. OreCorp owns the Nyanzaga gold project in northwest Tanzania, which has a... 

Lhyfe to build green hydrogen site at French port

The Nantes Saint-Nazaire port, in France, has awarded a tender to Paris-listed green hydrogen producer Lhyfe to develop an industrial production and distribution site in Montoir-de-Bretagne. The... 

Base turns focus to Toliara project as Kwale comes to an end

Mineral sands producer Base Resources describes the 2023 financial year as one of operational and financial success in which the company delivered robust results at its Kwale Operations, in Kenya,... 

ARM buys out JV partner in Nkomati mine

South African diversified miner African Rainbow Minerals (ARM) has concluded an agreement to buy global nickel and palladium miner Norilsk Nickel Africa’s (NNAf’s) 50% interest in the joint venture... 

Ford investing R5.2bn to produce plug-in hybrid Ranger at Silverton plant

On the occasion of celebrating its 100-year anniversary, automotive manufacturer Ford Motor Company South Africa (FMCSA) has announced it will start producing plug-in hybrid electric vehicle (PHEV)... 

African travel, tourism seen growing by $168bn with the right policies

The World Travel & Tourism Council (WTTC) estimates that the African travel and tourism sector could add $168-billion to the continent’s economy and create more than 18-million new jobs, depending... 

Gauteng identified as a driver of low-carbon development

With Cabinet having approved the Just Energy Transition Implementation Plan in the week of November 21, Presidential Climate Commission (PCC) adaptation head Dhesigen Naidoo has confirmed that the... 

Experts agree climate change discussions need to filter down to household level

As climate change becomes ever more prevalent in South Africa, stakeholders from the private sector, government, labour and civil society are increasingly engaging on points of concern and... 

Wear liner manufacturer Tega ventures into capital equipment production

Mining engineering solutions company Tega Industries Africa will start manufacturing capital equipment following its acquisition of US-based McNally Sayaji Equipment.  The merged and rebranded Tega...