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An image of the surroundings at the site location of the Omitiomire project
Developer progresses copper project
23rd February 2024 By: Trent Roebeck

After having been stalled for seven years, the Omitiomire copper project of Namibian copper explorer and developer Omico Mining has now completed phases 1, 2 and 3 of metallurgical testwork, with... 


An image of a type of ship used during the process of marine diamond mining
Embracing new tech in marine diamond mining
23rd February 2024

To increase the net present value (NPV) of Namibia’s marine diamond mining sector, four strategies – economies of scale, economies of scope, productivity and efficiency improvements, and... 


Tyre manufacturer to invest $90-million in hydraulic hose production plant
23rd February 2024

German technology company Continental in January announced an investment of $90-million towards the construction of its new plant for hydraulic hose for industrial purposes in the west-central... 


Two hands holding raw coal
Coal mining to move to more sustainable practices
23rd February 2024 By: Halima Frost

The ongoing shift from traditional coal mining to sustainably mined coal in 2024 and beyond will “witness remarkable advancements” in new coal mining methods, driven by innovative technologies and... 


A new Internet of things enabled camera supplied by Axis Communications
Upward trend in generative AI adoption
23rd February 2024 By: Halima Frost

Security system provider Axis Communications has noted a marked increase in the uptake of new security-focused applications based on the use of generative artificial intelligence (AI), especially... 


Mining consultancy SRK Consulting MD Andrew van Zyl
Continued exploration, mine development in 2024
23rd February 2024

With Africa’s substantial and varied mineral endowment being undisputed, the year ahead will likely see ongoing progress in exploration and mine development, in both traditional metals and the... 


An image of DroneShield's DS Drone Gun
Industry faces expertise shortage amid international competition
23rd February 2024 By: Nadine Ramdass

The South African defence industry continues to grapple with diminishing skills availability amid a competitive market dominated by international defence companies. However, increased government... 


Image of Worsley Alumina operation
Worsley Alumina, Australia
23rd February 2024 By: Sheila Barradas

A bauxite mine 130 km south-east of Perth, in Western Australia.  


Jurie Wessels, founder and executive chairperson of Vanadium Resources
Jurie Wessels
23rd February 2024 By: Creamer Media Reporter

This week we profile Jurie Wessels, founder and executive chairperson of Vanadium Resources, which is developing the Steelpoortdrift mine and concentrator and the Tweefontein salt roast leach plant 


Photo of Martin Creamer
Junior mining fund is a start, but should not be seen as the end game
23rd February 2024 By: Martin Creamer

The Junior Mining Exploration Fund just launched by the Industrial Development Corporation and the Department of Mineral Resources and Energy (DMRE) is a start but must not end up as the finish.... 


Magazine cover story
Premium car market outlook murky as South Africans continue to hunt for Asian bargains
23rd February 2024 By: Irma Venter

The South African new-car market has been shifting steadily over the last few years as consumers continue to battle persistent economic headwinds. Times are tough. Interest rates, living costs,... 


AERIAL VIEW OF THE JWANENG MINE
Jwaneng underground project, Botswana
23rd February 2024 By: Sheila Barradas

The project will transition Jwaneng from an openpit mine to and underground mine. 


Image of mounds of rare earths
Eneabba rare earths refinery, Australia
23rd February 2024 By: Sheila Barradas

Iluka Resources confirmed a major cost overrun at its refinery on February 21. 


Imag of a drill at the TGMW mine
TGME underground project, South Africa – update
23rd February 2024 By: Sheila Barradas

Theta Gold Mines has selected a subsidiary of Power Construction Corporation, of China, for the construction of its TGME gold plant, tailings storage facility and wastewater dams. 


Image of uranium ore
Tiris uranium project, Mauritania – update
23rd February 2024 By: Sheila Barradas

Tiris is the first major calcrete uranium discovery in the region. 


Image of Zimbabwe map/flag
Zulu lithium/tantalum project pilot plant, Zimbabwe – update
23rd February 2024 By: Sheila Barradas

Premier African Minerals intends to raise £2.48-million before expenses through a subscription to advance its Zulu project. 


Magazine cover story
Premium car market outlook murky as South Africans continue to hunt for Asian bargains
23rd February 2024 By: Irma Venter

The South African new-car market has been shifting steadily over the last few years as consumers continue to battle persistent economic headwinds. Times are tough. Interest rates, living costs,... 


Newmont will sell the Telfer mine, in Australia
Newmont puts six mines, two projects on the block
22nd February 2024 By: Mariaan Webb

Gold mining major Newmont will put up for sale six mines and two projects, optimising its portfolio to focus on ten tier-one assets that will produce 6.7-million gold ounces by 2028. The six mines... 


Sylvania reports positive results despite lower PGM prices
22nd February 2024 By: Sabrina Jardim

Platinum group metals (PGMs) producer and developer Sylvania Platinum says its revenue and net profit for the 2023 financial year remained respectable, despite the impact of a significantly lower... 


Anglo American CEO Duncan Wanblad
Anglo achieves its best ever safety record, but reiterates commitment to zero harm
22nd February 2024 By: Darren Parker

Mining major Anglo American has achieved its lowest ever total recordable injury frequency rate of 1.78 in 2023, down from 2.19 in 2022, along with the company’s lowest ever monthly rate of 0.91 in... 


anglo american sign and logo
Anglo to focus on cost cutting following disappointing 2023 performance
22nd February 2024 By: Darren Parker

Mining major Anglo American chairperson Stuart Chambers and CEO Duncan Wanblad have both expressed disappointment with the company’s financial results for 2023, which were released on February 22.... 


Wayne Warren, Sales Manager Africa for Pilot Crushtec
Pioneering crushing and screening solutions for cleaner energy minerals
22nd February 2024 By: Dimpho Madiba

Pilot Crushtec's crushing and screening solutions are key for a wide range of applications within the energy minerals sector, and the company has built a significant footprint in these industry... 


Gold Fields' Damang mine, in Ghana
Gold Fields posts higher full-year earnings, maintains dividend at R7.45
22nd February 2024 By: Marleny Arnoldi

JSE- and NYSE-listed Gold Fields has declared a total dividend of R7.45 a share for the year ended December 31, with $703-million in attributable profit having been generated. The attributable... 


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... 


Minerals Council CEO Mzila Mthenjane
Fiscal discipline in Budget, but 5% infrastructure expenditure increase ‘barely positive’ – Minerals Council
22nd February 2024 By: Schalk Burger

Finance Minister Enoch Godongwana maintained focus on fiscal discipline and balancing the need to address socioeconomic challenges facing the country, industry organisation Minerals Council South... 


Engen celebrates another successful Mining Indaba
Engen celebrates another successful Mining Indaba
22nd February 2024

As a progressive energy and solutions partner committed to enriching lives for a sustainable future, Engen was thrilled to participate in yet another successful 'Investing in Africa' Mining Indaba,... 


Eramet in talks with France to offload debt from SLN nickel unit
22nd February 2024 By: Reuters

Eramet is in "very advanced talks" with the French government to remove from its balance sheet several hundred million euros of debt related to its loss-making nickel subsidiary SLN in New... 


Simandou’s high-grade, low impurity formation is a rare opportunity for Rio Tinto to diversify its portfolio, particularly as demand increased for grade suitable for greener steel.
Rio Tinto board approves Simandou investment
22nd February 2024 By: Mariaan Webb

The board of Rio Tinto has given the nod to the Simandou iron-ore project, in Guinea, CEO Jakob Stausholm has revealed. The approval is contingent on meeting outstanding conditions, including... 


Ivan Vella started as IGO CEO in December
Lithium producer IGO beats on profit, shares up
22nd February 2024 By: Reuters

Australia's IGO reported interim underlying profit ahead of analysts' expectation on Thursday, even as the battery metal producer reeled from falling prices of key commodities, and said it did not... 


Piedmont sells remaining Sayona stake
Piedmont sells remaining Sayona stake
21st February 2024 By: Mariaan Webb

US-based lithium miner Piedmont Lithium on Wednesday announced that it would sell the rest of the shares it held in Australian miner Sayona Mining for A$59.9-million, or $39.4-million. The Nasdaq-... 


Resources Watch
Resources Watch
21st February 2024

This week: South Africa looks to Japanese collaboration on green hydrogen development and, Power aggregators seen as key accelerators of South African mining’s energy transition 


Photo of Martin Creamer
Major hydrogen economy developments in SA
21st February 2024

Mining Weekly Editor Martin Creamer discusses BMW's hydrogen-fuelled cars on South Africa’s roads; Heraeus and Sibanye-Stillwater’s PGMs partnership to boost the hydrogen economy; and South... 


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... 


Illegal miners
Criminal Asset Recovery Fund, not fiscus, to fund SANDF’s war on illegal mining
21st February 2024 By: Darren Parker

The Portfolio Committee on Defence and Military Veterans has claimed that the deployment of the South African National Defence Force (SANDF) in support of the South African Police Service to... 


An image of Perseus CEO and chairperson Jeff Quartermaine
Perseus enters into co-investment cooperation agreement with Saudi company
21st February 2024 By: Tasneem Bulbulia

ASX- and TSX-listed Perseus Mining has entered into a cooperation agreement with Ajlan & Bros Mining & Metals Company (ABM), the mining division of Saudi Arabia-based investment conglomerate... 


Sibanye CEO Neal Froneman
Sibanye incurs $2.58bn in impairments on lower metals prices
21st February 2024 By: Tasneem Bulbulia

Multinational mining and metals processing group Sibanye-Stillwater has incurred impairments of $2.58-billion, or about R47.45-billion, for the 2023 financial year, on the back of the deterioration... 


An image of West Wits chairperson Michael Quinert
South Africa’s IDC begins due diligence work for Qala Shallows project funding
21st February 2024 By: Tasneem Bulbulia

South African development finance institution the Industrial Development Corporation (IDC) has begun work to complete its due diligence investigation as part of its proposed R300-million (about... 


Glencore's head office
Glencore pleased with its performance against the backdrop of lower commodity, energy prices
21st February 2024 By: Marleny Arnoldi

Global mining company Glencore has recommended a $0.13 a share, or $1.6-billion, base cash distribution to shareholders for the 2023 financial year, comprising $1-billion from marketing cash flows... 


The Karowe openpit mine
Lucara expects higher revenues for 2024; announces new large diamond recoveries
21st February 2024 By: Chanel de Bruyn

Canada-headquartered Lucara Diamond Corp, which owns and operates the Karowe mine, in Botswana, expects its revenues to rebound to between $220-million and $250-million this year, after a... 


A rail line in South Africa
Mozambique port critical to chrome exports gets upgraded railway link
21st February 2024 By: Bloomberg

The biggest port in Mozambique that’s become a key hub for global chrome exports will upgrade a railway link, bolstering a planned $2-billion capacity expansion. The African Development Bank is... 


Rio Tinto CEO Jakob Stausholm
Rio Tinto posts lower FY profit
21st February 2024 By: Mariaan Webb

Diversified mining major Rio Tinto CEO Jakob Stausholm on Wednesday reported “resilient” financial results for 2023, with free cash flow of $7.7-billion and underlying earnings of $11.8-billion.... 


Western receives C$4.6m from warrant exercises
21st February 2024 By: Creamer Media Reporter

US-focused Western Uranium and Vanadium has received about C$4.5-million in proceeds from the exercise of common share purchase warrants and plans to use most of the proceeds to accelerate the... 


The water treatment plant at the Premier gold mine, in British Columbia.
Early commissioning under way at Ascot’s Premier gold mine
21st February 2024 By: Mariaan Webb

Construction of the Premier gold project, in the prolific Golden Triangle of north-western British Columbia, is nearing completion and early commissioning is now under way. First ore delivery to... 


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