ICMM members paid $54.9bn in royalties, taxes in 2022

Industry body ICMM reports that its members’ corporate income tax (CIT) and royalty payments increased by 77.8% year-on-year to $54.9-billion in 2022.  CIT payments had increased by 85.3%... 

CAA Mining actively drilling for lithium in spodumene in Ghana – research firm

Non-independent researcher SP Angel has reported that mining and exploration company CAA Mining is actively engaged in drilling operations to delineate a new lithium-in-spodumene resource in Ghana.... 

Tharisa warns of up to 49.8% drop in basic earnings a share

JSE-listed Tharisa Minerals’ basic earnings per share (EPS) for the financial year ended September 30, on a fully diluted basis, is expected to be between $0.27 and $0.28 with a tolerance of 10%,... 

Power Metal Resources to start drill testing at Botswana project

Since early October, Aim-listed exploration company Power Metal Resources has advanced plans to drill test a key target at T1-14 at its Molopo Farms Complex (MFC) project, in southwestern Botswana,... 

Barrick’s North Mara mine selected as employer of the year in Tanzania

The North Mara gold mine, jointly owned by gold mining company Barrick Gold Corporation and the Tanzanian government through Twiga Minerals, has been awarded Employer of the Year at the 2023... 

Economy moves 'sideways' with marginal 0.2% contraction in GDP

Statistics South Africa (Stats SA) has reported a marginal 0.2% contraction in gross domestic product (GDP) for the third quarter, compared with the second quarter, and a contraction of 0.7%... 

Mandela Mining Precinct celebrates five-year anniversary

The public-private partnership Mandela Mining Precinct (MMP) celebrated five years of mining research, development,and innovation (RDI) at the Council for Scientific and Industrial Research (CSIR)... 

Madison to raise C$500 000 through private placement

Uranium mining and exploration company Madison Metals has announced a private placement of units at a price of C$0.40 each for aggregate gross proceeds of up to C$500 000.   Each unit will comprise... 

Bidvest Bank, Mastercard team up to provide international remittance service

Global payment technology company Mastercard has partnered with financial services provider Bidvest Bank to provide a solution called Bidvest Bank BidSend that allows customers to send... 

UP scientists lead study of 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... 

SAAFF welcomes R47bn facility guarantee for Transnet's recovery

The South African Association of Freight Forwarders (SAAFF) says the R47-billion facility guarantee extended to Transnet, as announced by the government on December 1, is welcome as it may indeed... 

Tongaat BRPs publish proposed rescue plans

The business rescue practitioners (BRPs) of sugar company Tongaat Hulett have published updated business rescue plans for the company and its subsidiaries, Voermol Feeds and Tongaat Hulett Sugar... 

Durban Container Terminal increases working hours to clear backlog, amongst other measures

The Durban Container Terminal (DCT) Pier 2 has increased the ship working hours at some of its berths over the last few days to clear the backlog of vessels at anchor, Durban Terminals has... 

Miner Kumba resurfaces road in Kathu-Gamagara

As part of its social labour plan commitments, iron-ore mining company Kumba Iron Ore’s Sishen mine has undertaken a road resurfacing project, upgrading three major roads in the Kathu-Gamagara... 

Access to water, logistics infrastructure major hurdles to hydrogen economy

One of the challenges standing in the way of South Africa becoming a world-class green hydrogen producer is that South Africa is a water-scarce country, and that enormous volumes of water are... 

Zero tolerance for greenwashing to inform future legislation

A zero tolerance for “greenwashing” is a sentiment that is likely going to inform much environment- and climate-related legislation as it develops going forward, legal firm Bowmans partner and... 

Attacq on track to deliver 2024 year-end dividend growth guidance

Real estate investment trust Attacq is on track to deliver its 2024 financial year guidance for dividend a share growth of between 8% and 10%, CEO Jackie van Niekerk told investors at the company’s... 

Andrada’s Uis lithium pilot plant commissioned

The commissioning of London-listed technology metals mining company Andrada's pilot plant, located adjacent to the main tin processing plant at its Uis mine, in Namibia, was completed in October,... 

Botswana Diamonds to raise £380 000 through share placement

Aim-listed Botswana Diamonds has undertaken a share placement and subscription with existing and new investors to raise £380 000 through the issue of 76-million new ordinary shares of £0.0025 each... 

Standard Bank denies currency manipulation allegations

Financial services provider Standard Bank has denied manipulating the value of the rand and having any involvement in anticompetitive or criminal conduct, despite admitting fault before the... 

South Africa needs to leverage global goodwill at COP28

The upcoming 2023 United Nations (UN) Climate Change Conference, or Conference of the Parties to the UN Framework Convention on Climate Change, more commonly referred to as COP28, will be an... 

Lack of skills should not become a constraint for mining sector recovery – Mvalo

Department of Higher Education and Training deputy director-general Zukile Mvalo has stressed the importance of ensuring that a lack of skills does not become a constraint for the recovery and... 

Mine closure assistance needed to prevent dying towns

Corporate governance advocacy foundation Bench Marks Foundation chief researcher David van Wyk has said there is a gap in the Mining Qualifications Authority's (MQA's) training in terms of... 

MQA bursary schemes need to align better with industry needs

The Mining Qualifications Authority (MQA) needs to align more closely with industry with regard to bursaries and bursary management, Minerals Council South Africa skills development head Mustak... 

Prosecutions coupled with zero-tolerance culture key to fighting SA’s corruption scourge

Corruption has long been an unhappy and increasingly harmful feature of the South African political, economic and business landscape. The extreme scale of this insidious problem came into sharp... 

Copper focus paramount in shift towards clean energy – Tertiary

Copper miner Tertiary Minerals has reiterated its dogged focus on copper, which it believes is the most important metal in the clean energy transition, being essential in electric vehicles, wind... 

Mintek introduces new water filtering membrane technology

National mineral research organisation Mintek has introduced its NICMeR membrane, developed in collaboration with the Department of Science and Innovation’s Nanotechnology Innovation Centre (NIC),... 

Prosecutions coupled with zero-tolerance culture key to fighting SA’s corruption scourge

Corruption has long been an unhappy and increasingly harmful feature of the South African political, economic and business landscape. The extreme scale of this insidious problem came into sharp... 

MQA looking to get fourth clean audit in a row next year

The Mining Qualifications Authority (MQA) is expecting another clean audit for the 2023/24 financial year ending March 31 next year, after having received unqualified audit outcomes with no... 

41 mining fatalities recorded so far in 2023

There have been 41 fatalities in the South African mining industry to date this year, Mine Health and Safety Council mining relations programme manager Brian Ncube said at the Mining Qualifications... 

Mine closure lacks adequate social integration – research

New research on mine closures in South Africa has shown that there remains a lack of integration of social development, which continues to pose a risk to long-term regional development beyond... 

More than 40% of African financial institutions want single African currency – survey

News publication African Business and the Pan-African Private Sector Trade and Investment Committee (Paftrac) have jointly launched the third yearly Paftrac Africa CEO Trade Survey, which showed... 

Petroleum industry significantly impacted on by loadshedding

The South African Petroleum Industry Association (Sapia) says the ongoing loadshedding crisis has significantly impacted on its members, with widespread power outages affecting various sectors of... 

Sibanye launches $500m bond offering

Metals and mining multinational Sibanye-Stillwater’s indirect wholly-owned subsidiary Stillwater Mining Company has launched an offering of $500-million senior, unsecured, guaranteed convertible... 

IonicRE to raise $5.9m through share placement

ASX-listed Ionic Rare Earths (IonicRE) has received firm commitments to raise $5.9-million by way of a share placement of about 281-million fully paid ordinary shares at an issue price of $0.021.... 

Zero Carbon Charge breaks ground on solar-powered EV charging network

Electric vehicle (EV) charging station developer Zero Carbon Charge has broken ground on its first 100% renewable energy charging station in Wolmaransstad, in the North West, in what is to become... 

Blyvoor reports R58m contribution to South Africa’s economy

Gold miner Blyvoor Gold has reported that it has made a R58-million economic contribution amid persistently high gold prices, steadily growing gold output and improved operational efficiency at the... 

Cabinet approves R2.1bn to fight illegal mining, organised crime

Cabinet has approved the allocation of R2.1-billion in the criminal asset recovery account to provide aid in the fight against illegal mining and other organised crimes in South Africa. “Illicit... 

Cabinet approves Just Energy Transition Implementation Plan

Cabinet has approved the Just Energy Transition Implementation Plan (JET-IP), Minister in the Presidency Khumbudzo Ntshavheni announced in a briefing in Pretoria on November 20. “The implementation... 

More than half of copper cables on TFR's lines replaced with aluminium alternative

Transnet has, so far, replaced about 55% of the copper cables across its national railway network with an aluminium conductor steel reinforced (ACSR) cable called Tiger Wire, Transnet Freight Rail...