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Antofagasta secures $2.5bn for Centinela expansion project
Antofagasta secures $2.5bn for Centinela expansion project
Updated 1 hour 15 minutes ago By: Creamer Media Reporter

Chile-based copper miner Antofagasta on Tuesday announced $2.5-billion of financing for its Centinela Second Concentrator project, which will add 144 000 t/y of copper production at the mine. The... 


US Deputy Treasury Secretary Wally Adeyemo
Top treasury official stresses US ambitions for Africa’s metals
Updated 2 hours 3 minutes ago By: Bloomberg

US Deputy Treasury Secretary Wally Adeyemo used a five-day trip to South Africa to advertise his country’s ambitions of securing supplies of the metals needed for the global energy transition –... 


Trade, Industry and Competition Minister Ebrahim Patel
64 companies to pledge to procure from black industrialists, says Patel
18th March 2024 By: Darren Parker

During the second Black Industrialists and Exporters Conference to be held later this week, up to 64 large companies are expected to make pledges to procure goods and services from black... 


An image of Thungela CEO July Ndlovu
Thungela delivers strong financial performance despite rail, price headwinds
18th March 2024 By: Tasneem Bulbulia

Thermal coal exporter Thungela Resources says it delivered a resilient performance for the year ended December 31, 2023, which underpinned strong cash generation and a robust net cash position.... 


Afri-Tech’s Power Nozzle readying for intra-Africa export
Afri-Tech’s Power Nozzle readying for intra-Africa export
17th March 2024 By: Tracy Hancock

Krugersdorp-based Afri-Tech Mining Supplies’ award-winning Power Nozzle is destined for export to Ghana, Mali, Tanzania, Botswana and Namibia before mid-year, with at least ten other sub-Saharan... 


Libstar Lancewood yoghurt
Libstar’s earnings dragged down by weak consumer demand
15th March 2024 By: Marleny Arnoldi

Consumer packaged goods group Libstar has reported year-on-year declines in its normalised earnings, headline earnings and operating profit for the year ended December 31. Normalised headline... 


Photo of Martin Creamer
South Africa’s key export markets need to be watched with ceaseless vigilance
15th March 2024 By: Martin Creamer

Platinum group metal basket prices are dangerously down in part because of eyes being taken off changed situations in key markets. For instance, the rhodium price has suffered badly because the... 


Exxaro media briefing.
Wind generation up, solar operational soon, Exxaro reports
14th March 2024 By: Martin Creamer

Group wind power generation last year increased by 8% and the Lephalale solar power project is on its way to being operational in the first quarter of next year, Exxaro CE Dr Nombasa Tsengwa... 


Prime Minister Anthony Albanese
Rare earths miner wins A$840m in funding from Australia
14th March 2024 By: Bloomberg

Arafura Rare Earths will receive A$840-million in funding from the Australian government to create the nation’s first combined mine and refinery for minerals that are crucial to the clean-energy... 


The Durban port
Manufacturing confidence decreases to 21 in the first quarter
14th March 2024 By: Schalk Burger

Loadshedding, challenges at the ports and political uncertainty saw manufacturer confidence in the first quarter of the year dip five points to 21, Absa's latest Manufacturing Survey shows. The 21... 


Exxaro CE Dr Nombasa Tsengwa.
Exxaro declares R5.4bn dividends, green energy business thriving
14th March 2024 By: Martin Creamer

Diversified mining company Exxaro, with interests in the coal, energy and ferrous markets, has declared final and special dividends. The share dividend of R10.10 a share is roughly R3.4-billion and... 


Speakers who participated in the webinar hosted by Creamer Media on March 13.
Local gas supplies not likely to come on stream in time for South Africa to avoid a 'gas cliff'
13th March 2024 By: Darren Parker

Although gas is widely regarded as a necessary part of South Africa’s future energy mix, Presidential Climate Commission (PCC) head of mitigation Steve Nicholls is not convinced that a reliable... 


Unctad develops digital solution to promote new critical mineral discoveries
13th March 2024 By: Schalk Burger

To prevent a production gap of critical and energy minerals amid burgeoning demand to keep global warming within the 1.5 °C targeted under the Paris Agreement, the United Nations Conference on... 


China coal group says US curbs on Russia to keep prices high, hurt exports
13th March 2024 By: Reuters

Tougher US sanctions on Russia's coal firms will keep global prices of high-calorific-value coal high in the near term, affecting a fifth of the latter's coal exports, a Chinese industry group... 


Sasol's central processing facility in Mozambique
Mozambique lays down legislation to govern revenue from natural-gas exports
13th March 2024 By: Bloomberg

Mozambique’s council of ministers approved a decree for the nation’s new sovereign wealth fund legislation, governing how one of the world’s poorest nations spends earnings from an estimated... 


Liontown shores up A$550m for Kathleen Valley
Liontown shores up A$550m for Kathleen Valley
13th March 2024 By: Mariaan Webb

Lithium company Liontown Resources has secured a A$550-million debt facility agreement, positioning the Kathleen Valley lithium project for a seamless journey through to first production and... 


African Rainbow Minerals (ARM) CEO Phillip Tobias.
ARM CEO commends workforce for heeding clarion call to improve volume, cost, grade
11th March 2024 By: Martin Creamer

Full ownership and execution of factors that are within management’s control are being elevated to the highest possible level by African Rainbow Minerals (ARM) CEO Phillip Tobias. ARM has sharpened... 


The Hesto Harnesses factory in South Africa
Metair’s shares rise on expectation of higher earnings
11th March 2024 By: Schalk Burger

The share price of JSE-listed energy storage and automotive components company Metair rose by more than 26% on March 11, after the company announced that it expected to report earnings a share of... 


Mpact CEO Bruce Strong
Mpact grows revenue, operating profit, expects benefits from investments in 2024
8th March 2024 By: Schalk Burger

JSE-listed paper and plastics packaging business and recycler Mpact recorded a 3.6% year-on-year increase in revenue to R12.8-billion for the financial year ended December 31, 2023. Its underlying... 


Business Unity South Africa president Mxolisi Mgojo
Mgojo says collaborative efforts will enable Transnet to report higher volumes than initially forecast
8th March 2024 By: Terence Creamer

Business Unity South Africa president Mxolisi Mgojo reports that the collaboration between business and government to turn around the performance of Transnet could result in the struggling... 


Trade, Industry and Competition Minister Ebrahim Patel and Chinese Minister of Commerce Wang Wentao
Patel meets with EV manufacturers, investors during visit to China
8th March 2024 By: Sabrina Jardim

Trade, Industry and Competition Minister Ebrahim Patel and a high-level delegation recently completed a four-day working visit to Shanghai, Nanjing and Beijing, in China, during which they met with... 


ARM Executive Chairperson Dr Patrice Motsepe.
ARM declares interim dividend from robust net cash position
8th March 2024 By: Martin Creamer

Diversified mining company African Rainbow Minerals (ARM) on Friday declared an interim dividend for the six months ended December 31, when ARM had net cash of R7.9-billion. The interim dividend of... 


SCOTT EDMUNDSON
By creating an international registry for recognising and enforcing creditor and lessor rights, these treaties aim to reduce financing costs and risks
Immediate actions needed to foster a more competitive rail industry
8th March 2024 By: Simone Liedtke

South Africa’s rail sector is faced with unprecedented challenges that threaten its operational viability and economic contribution, says law firm Webber Wentzel partner Scott Edmundson, who says... 


An aerial image of the Thunderbird mineral sands project
Mineral sands project exports first product
8th March 2024

The first export of products from mineral sands developer Kimberley Mineral Sands’ (KMS’) Thunderbird mineral sands project, located on the Dampier peninsula in Western Australia, departed from... 


Beasts of burden under siege
8th March 2024 By: Martin Zhuwakinyu

Rhino and elephant poaching afflicts many African countries that are home to these endangered species, and the main driver behind this scourge is seemingly insatiable demand by the Chinese and... 


VWSA could announce third production model this year, expects uptick in 2024 car market
8th March 2024 By: Irma Venter

Volkswagen Group South Africa (VWSA) will hopefully this year receive the final confirmation on the production of a third model at the Kariega plant, says MD Martina Biene. This third model will... 


Volkswagen SA spends big to counter loadshedding, now sole Polo supplier
8th March 2024 By: Irma Venter

Volkswagen Group South Africa, now trading as Volkswagen Group Africa (VWA), is investing R55-million to generate 3 MW in additional solar energy for its assembly plant in Kariega, in the Eastern... 


Image of minerals sands
Toliara mineral sands project – monazite project, Madagascar
8th March 2024 By: Sheila Barradas

Base Resources plans to exploit the Toliara mineral sands project’s monazite resources. 


Image of Jansen potash mine
Jansen potash project, Canada – update
8th March 2024 By: Sheila Barradas

BHP has signed nonbinding sales agreements for all potash production from both phases of the Jansen mine. 


Image of Kusile power plant at night
Kusile power plant project, South Africa – update
8th March 2024 By: Sheila Barradas

Eskom has insisted that it is on track to complete the repairs to the ducts in the west stack at the Kusile power station by December 2024. 


Location map of the Madouela uranium project.
Madaouela uranium project, Niger – update
8th March 2024 By: Sheila Barradas

GoviEx has announced that lender due diligence for the project has started. 


Grindrod to spend big at Matola terminal as MPDC grows Maputo capacity
Grindrod to spend big at Matola terminal as MPDC grows Maputo capacity
7th March 2024 By: Irma Venter

Ports and logistics group Grindrod is set to invest big in its Matola drybulk terminal in Mozambique. Announcing Grindrod’s financial results for the year ended December 31 on Thursday, CEO Xolani... 


Exxaro warns of lower earnings on the back of decrease in export prices, weaker rand
7th March 2024 By: Darren Parker

Diversified resources company Exxaro Resources has warned shareholders that it is likely to report a 16% to 30% year-on-year decrease in headline earnings per share (HEPS) for the year ended... 


RBIDZ COO Muzi Shange
Balanced energy supply and security cornerstones for economic growth
7th March 2024

Sufficient supply of energy drives industrial development and socio-economic growth hence the Richards Bay Industrial Development Zone (RBIDZ) is at the centre of driving investment attraction and... 


Business Confidence Index indicates conditions deteriorated further in the first quarter
6th March 2024 By: Schalk Burger

The Rand Merchant Bank/Bureau for Economic Research (RMB/BER) Business Confidence Index (BCI) ticked down by one point to reach 30 in the first quarter, indicating that business conditions... 


Incoming MD Simon Rushton
New board to spearhead Macro’s iron-ore push
6th March 2024 By: Mariaan Webb

Australia’s Macro Metals on Wednesday announced the appointment of an experienced board with a dedicated focus of developing its Pilbara iron-ore portfolio, sending the company’s stock surging on... 


Bid Window 8 the last under IRP 2019, nuclear ambitions not a pipe dream – Mantashe
Bid Window 8 the last under IRP 2019, nuclear ambitions not a pipe dream – Mantashe
5th March 2024 By: Irma Venter

Bid Window 8 of government’s Renewable Independent Power Producer Procurement Programme will be the last bid window under IRP 2019, says Mineral Resources and Energy Minister Gwede Mantashe. “We’ll... 


Best lubrication solution for arduous mining applications
5th March 2024

The RENOLIT CXS GSM series from FUCHS LUBRICANTS SOUTH AFRICA provides excellent extreme pressure protection, which is crucial for heavy-duty applications like mining. It forms a durable... 


Chieta CE Yershen Pillay
Chieta announces new green hydrogen qualifications, skills programmes
4th March 2024 By: Darren Parker

The Chemical Industries Training and Education Authority (Chieta) will be registering new qualifications on green hydrogen and offering specialised skills programmes relevant to growing the green... 


Lender due diligence for Madaouela uranium project under way
4th March 2024 By: Darren Parker

TSX- and OTQCB-listed GoviEx Uranium has announced that lender due diligence for the Madaouela uranium project, in Niger, has begun, with the appointment of consulting firm SLR Consulting acting on... 


Hulamin volumes down as it simplifies mix, weathers softer global markets
4th March 2024 By: Tasneem Bulbulia

Softer global markets and business simplification resulted in JSE-listed Hulamin’s volumes decreasing by 15% year-on-year to 169 149 t for the year ended December 31, 2023. Hulamin undertook... 


Chicken portions being packed
RCL reports higher interim earnings, unbundling of its Rainbow business
4th March 2024 By: Marleny Arnoldi

JSE-listed consumer goods group RCL Foods has posted a 48% year-on-year increase in earnings before interest, taxes, depreciation and amortisation (Ebitda) to R1.5-billion for the six months ended... 


Paltech Appointed as Meson Group Distributor in South Africa and Parts of Africa
Paltech Appointed as Meson Group Distributor in South Africa and Parts of Africa
4th March 2024

Paltech, a leading manufacturer and supplier of advanced valve solutions in South Africa, is proud to announce its appointment as the official distributor for Meson Group in South Africa and select... 


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