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Athena stock surges on Fenix funding support
Updated 4 hours ago By: Creamer Media Reporter

Western Australia-focused Fenix Resources will subscribe for up to A$1-million in convertible notes of Athena Resources, gaining an opportunity for exposure to the Byro magnetite project, in the... 


Photo of Martin Creamer
On-The-Air (01/03/2024)
Updated 6 hours ago By: Martin Creamer

Martin Creamer discusses gold mining project and two huge wind and sun energy projects. 


An aerial view of the Port of Durban
Absa PMI rises to 51.7 in February, but business activity remains subdued
1st March 2024 By: Schalk Burger

Financial services firm Absa's Purchasing Managers Index (PMI) increased to 51.7 points in February, from 43.6 in January, but business activity remains subdued. Of the five subcomponents of the... 


MANUFACTURING INVESTMENT
Multotec has invested in manufacturing facilities and storage space to support the growth of its export business.
Firm wins Exporter of the Year award
1st March 2024

International minerals processing specialist Multotec has won the South African Capital Equipment Export Council’s (SACEEC’s) Exporter of the Year Award in the category for companies with a... 


An image of a mining plant
Filter press aids in water sustainability
1st March 2024 By: Lumkile Nkomfe

Coal exploration and mining company Canyon Coal reports that its newly commissioned 40 t/h filter press at its Mpumalanga-based Gugulethu mine is assisting in improving its sustainable use of... 


Flying Presidents
1st March 2024 By: Martin Zhuwakinyu

What’s the common denominator between Kenyan President William Ruto and his Nigerian opposite number, Bola Tinubu? They both have a remarkable penchant for air travel. This has incurred the ire of... 


Image of process of ammonia production
Coega green ammonia project, South Africa – update
1st March 2024 By: Sheila Barradas

The project aims to establish a green ammonia plant, with its own dedicated power supply. 


Image of Angola map/flag
Longonjo neodymium/praseodymium project, Angola – update
1st March 2024 By: Sheila Barradas

Pensana has concluded a nonbinding term sheet with the Longonjo lender consortium for a project finance debt facility of up to $156-million. 


South Africa records R9.4bn trade deficit for January
29th February 2024 By: Sabrina Jardim

Trade statistics for January, released by the South African Revenue Services on February 29, show a preliminary trade deficit of R9.4-billion, an improvement from the R24.4-billion trade deficit... 


Jupiter CEO Brad Rogers
Jupiter exceeds dividend policy with latest interim payout
29th February 2024 By: Marleny Arnoldi

ASX-listed Jupiter Mines has declared an interim dividend of A$0.01, after receiving a R142-million, or A$11-million, dividend from Tshipi é Ntle Manganese Mining. Jupiter will also receive... 


Anglo American's Africa and Australia Regional Director Themba Mkhwanazi.
Project finance clinched for 520 MW South African wind, solar projects – Anglo
29th February 2024 By: Martin Creamer

Johannesburg- and London-listed diversified mining and marketing company Anglo American announced on Thursday that jointly owned renewable energy venture with EDF Renewables, Envusa Energy, has... 


President Cyril Ramaphosa to Open SIDSSA 24
29th February 2024

SIDSSA 2024 will bring new energy projects to the market for investment and infrastructure-led socioeconomic growth. South African President Cyril Ramaphosa will open the Sustainable Infrastructure... 


Meet the ambassadors and attend free seminars by industry leaders at Hostex 2024
Meet the ambassadors and attend free seminars by industry leaders at Hostex 2024
29th February 2024

Hostex is proud to introduce its esteemed 2024 ambassadors – each a renowned expert in their respective field – who will be bringing their expertise and insights to Hostex 2024 from 3 to 5 March at... 


WFDB concerned about G7 proposal to restrict trade in Russian diamonds
28th February 2024 By: Sabrina Jardim

The World Federation of Diamond Bourses (WFDB) has launched a campaign to unite the diamond and jewellery industry in presenting its concerns regarding the proposed Group of Seven (G7) restrictions... 


SA beef sector ready for Saudi windfall
SA beef sector ready for Saudi windfall
28th February 2024

The recent announcement that Saudi Arabia will resume meat exports from South Africa offers massive opportunities for SA meat producers, as well as beef investors and all industry stakeholders,... 


BCG highlights challenges, opportunities amid energy transition
28th February 2024 By: Sabrina Jardim

Amid the global transition to cleaner energy sources, African countries face various challenges and opportunities pertaining to the adoption of renewable energy. Consulting firm Boston Consulting... 


dtic opens entries for Black Industrialists, Exporters Awards
28th February 2024 By: Sabrina Jardim

The Department of Trade, Industry and Competition (dtic) has opened entries for the Black Industrialists and Exporters Awards, the ceremony for which will take place at the Sandton International... 


An image showing ARM's Two Rivers operation
ARM warns of lower interim earnings on the back of lower prices
28th February 2024 By: Tasneem Bulbulia

Diversified miner African Rainbow Minerals (ARM) says it expects its headline earnings for the six months ended December 31 to have decreased by between 40% and 50% year-on-year to between... 


FUCHS LUBRICANTS SOUTH AFRICA produces local lubricant for wind turbine maintenance
28th February 2024

A single wind turbine requires 600 to 800 litres of lubricant per gearbox, which means selecting the correct product for reduced maintenance and increased lifespan is critical. With the 16th... 


Hive Hydrogen South Africa chairperson Thulani Gcabashe.
Hive Hydrogen signs wind power deal for R105bn Eastern Cape green ammonia plant
27th February 2024 By: Martin Creamer

Hive Hydrogen South Africa has signed an agreement with Genesis Eco-Energy to implement 372 MW of wind power in the Western Cape, in support of the development of its R105-billion green ammonia... 


Sasol CEO Fleetwood Grobler
Sasol prioritising coal de-stoning investment as it seeks to allay fears over big Secunda output dip
26th February 2024 By: Terence Creamer

Energy and chemicals group Sasol has moved to address investor concerns that its yearly production at Secunda will need to fall to only 6.7-million tons for it to meet its goal of reducing the... 


India considers export tax on low-grade iron ore, sources say
26th February 2024 By: Reuters

India is considering an export tax on low-grade iron-ore after small steel producers urged the government to curb its overseas sales, two sources directly involved in the matter said. China... 


Coal load and haul operations
Thungela warns of lower earnings on back of Ensham deal
23rd February 2024 By: Marleny Arnoldi

JSE-listed coal miner Thungela Resources has informed shareholders that its earnings per share (EPS) for the year ended December 31 will be between R88 and R93 lower, at between R34 and R39 apiece,... 


Woodside to sell $1.4bn stake in key gas project to Jera
Woodside to sell $1.4bn stake in key gas project to Jera
23rd February 2024 By: Bloomberg

Woodside Energy Group to a $1.4-billion deal to sell a 15.1% stake in its flagship Scarborough liquefied natural gas project to Jera Co., Japan’s biggest power producer, as consumers aim to secure... 


Teck expects to close coal unit sale to Glencore by Q3, CEO says
Teck expects to close coal unit sale to Glencore by Q3, CEO says
23rd February 2024 By: Reuters

Canadian miner Teck Resources plans to close the sale of its steel-making coal unit to Glencore no later than the third quarter of 2024, CEO Jonathan Price told Reuters in an interview on... 


Man in hard hat assessing Enduron high-pressure grinding rolls
Smarter mining key amid current market conditions
23rd February 2024 By: Tracy Hancock

Despite the boon of improved uranium demand, overall, depressed commodity prices and costly operating conditions are emphasising the need for Namibian mining companies to ensure that they mine a... 


And the actual?
23rd February 2024 By: Riaan de Lange

‘Actual’ means to exist in fact – in other words, to be real. There are not many occasions, during the course of the year, when I despair at having to write a piece for this column. The State of... 


Posco to import African battery graphite to cut China reliance
22nd February 2024 By: Bloomberg

Posco Future M Co, which produces battery materials for companies including General Motors Co, is preparing to import graphite from Africa to reduce its dependence on supplies from China. “Graphite... 


Minas-Rio
Integration of Vale’s Serpentina resource has potential to expand Anglo’s Minas-Rio output
22nd February 2024 By: Darren Parker

Diversified miner Anglo American has agreed to acquire, from Brazilian iron-ore miner Vale, the high-quality Serra da Serpentina iron-ore resource and integrate it into its contiguous Minas-Rio... 


Australian iron-ore port starts clearing ships ahead of cyclone
Australian iron-ore port starts clearing ships ahead of cyclone
22nd February 2024 By: Bloomberg

A major port on Australia’s west coast used by Rio Tinto Group to export iron-ore has started clearing ships from the harbor ahead of a cyclone that’s expected to form early Friday. All port... 


Coal being transported to port
Mining tax revenue down by 50.4% y/y
21st February 2024 By: Darren Parker

With various commodity prices taking a nosedive over the past year, windfall tax gains from high commodity prices over the preceding two years have come to an end, resulting in a sharp fall in... 


metal works with sparks
Metals, engineering output up 1.7% but still far below 2008/9 peak
20th February 2024 By: Darren Parker

While aggregate production in the South African metals and engineering sector increased by 1.7% last year, which is slightly higher than the 1.5% increase in 2022, it remains 18% below where it was... 


Image of Volkswagen's 1.5-millionth vehicle exported from South Africa
Volkswagen Africa builds 1.5-millionth export vehicle
20th February 2024 By: Irma Venter

Volkswagen Group Africa (VWA) this week celebrated building the 1.5-millionth vehicle built at the Kariega plant for the export market. The milestone vehicle, a Polo GTI destined for the UK, also... 


President Gustavo Petro came into office in 2022 on a pledge to wean the country off its dependency on fossil fuels.
Colombia Bill seeks permanent legal ban on new coal contracts
20th February 2024 By: Bloomberg

Colombia, South America’s top coal producer, is proposing a mining bill which would ban new exploration and production contracts for the fuel. The proposed law would also allow the expropriation... 


WearCheck’s technical manager, Steven Lumley
SLIDING THROUGH TIME: Lubrication from stone age to modern age
19th February 2024

In part one of Lubrication from Stone Age to Modern Age (WearCheck Technical Bulletin 88), we slid through 5,000 years of lubrication history and left off at the end of the age of enlightenment in... 


AVK Southern Africa Series 869 Control Valve addresses nonrevenue water losses
AVK Southern Africa Series 869 Control Valve addresses nonrevenue water losses
18th February 2024 By: Tracy Hancock

Demand for water in Africa is on the rise but so are treated water losses, owing to the major deterioration of infrastructure over many years of use. The continent cannot afford to lose the current... 


Diatreme makes takeover for neighbouring Metallica
Diatreme makes takeover for neighbouring Metallica
16th February 2024 By: Creamer Media Reporter

Brisbane-based silica sand miner Diatreme Resources has made a conditional takeover offer for Metallica Minerals, a move that would combine the companies' silica sand assets in Far North Queensland... 


Eskort's expanded Heidelberg facility
Eskort increases Heidelberg factory's capacity by 50%
16th February 2024 By: Schalk Burger

Pork products producer Eskort has expanded its Heidelberg production capacity by 50%, with the factory extension officially launched in mid-February. The 10 000 m² development in Heidelberg, which... 


2024 Supply Chain Outlook Navigating the Future with Resilience and Innovation
2024 Supply Chain Outlook Navigating the Future with Resilience and Innovation
16th February 2024

By Jeanne Hugo, Senior Director Supply Chain, CHEP IMETA The supply chain industry finds itself at a crucial juncture, marked by a blend of technological innovation, shifting consumer behaviours,... 


Budget expected to show conditions remain unsupportive of fiscal consolidation – Nedbank
15th February 2024 By: Schalk Burger

Finance Minister Enoch Godongwana's 2024 Budget Speech, to be delivered next week, is expected to show that economic conditions will remain broadly unsupportive of significant fiscal consolidation,... 


The Dangote oil refinery in Nigeria
Nigeria's new Dangote refinery to export first fuel cargoes
15th February 2024 By: Reuters

Nigeria's Dangote oil refinery has issued tenders to sell two fuel cargoes for export, the first from the newly commissioned refinery, trading sources with knowledge of the matter told Reuters. The... 


Rand Currency
S Africa's budget to consolidate more slowly, rate cuts delayed – poll
15th February 2024 By: Reuters

South Africa's budget deficit will narrow at a slower pace in coming years than October estimates predicted, put off course by poor mining tax receipts, according to a Reuters poll which also... 


Energy Minister Jonathan Wilkinson
Risk of stranded LNG assets is 'real', Canada’s Wilkinson says
14th February 2024 By: Bloomberg

The US decision to pause approvals of new licenses to export liquefied natural gas is welcome, and there are “real” risks that some infrastructure will end up stranded, Canada’s Energy Minister... 


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