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DFC announces new financing for Lobito Corridor
9th February 2024 By: Sabrina Jardim

US International Development Finance Corporation (DFC) deputy CEO Nisha Biswal has announced new financing in support of the Lobito Corridor, which extends across Angola, Zambia and the Democratic... 


Image of Illawara coal operation
Illawarra Metallurgical Coal, Australia
9th February 2024 By: Sheila Barradas

A coal mine in he southern coalfields of New South Wales, Australia. 


The Durban Container Terminal
Business stakeholders find ‘election-oriented’ SoNA wanting
9th February 2024 By: Marleny Arnoldi

Business stakeholders agree that President Cyril Ramphosa was right to emphasise economic reforms in his State of the Nation Address (SoNA) on February 8, as these are critical to turning around... 


Minerals Council CEO Mzila Mthenjane
Mining industry sustainability hinges on energy, logistics reforms, Minerals Council stresses
9th February 2024 By: Schalk Burger

The sustainability of the South African mining industry and its ability to play a meaningful and positive role in society and the economy are dependent on urgent and extensive structural reforms in... 


Transnet needs ‘the right, permanent management, quickly’ – Stellenbosch University academic
9th February 2024 By: Irma Venter

State-owned rail and port operator Transnet could, potentially, show significant improvement this year, compared with last year’s dismal performance, says transport economist and macrologistics... 


Telkom says it has made ‘significant strides’ against vandalism, cable theft
9th February 2024 By: Natasha Odendaal

Telecommunications group Telkom says it has made significant strides against cable theft and vandalism as various joint initiatives drive down infrastructure-related crime at its facilities. Joint... 


Image of Ardmore mine
Ardmore phosphate rock project, Australia – update
9th February 2024 By: Sheila Barradas

Centrex Metals is investigating road transport alternatives for phosphates concentrate from its Ardmore mine. 


Aerial viw of the Simandou project
Simandou iron-ore project, Guinea – update
9th February 2024 By: Sheila Barradas

Guinea’s National Transition Council has approved a joint venture between Rio Tinto, China-backed Winning Consortium Simandou and government. 


Pansana's Salt End REO separation facility
Longonjo neodymium/praseodymium project, Angola – update
9th February 2024 By: Sheila Barradas

Pensana’s major potential customers have approved the product qualification specifications for Longonjo’s proposed mixed rare-earth carbonate product. 


ArcelorMittal South Africa CEO Kobus Verster
AMSA sees plausible pathway for salvaging longs unit, but ready to reverse closure deferral if urgent progress is not made
8th February 2024 By: Terence Creamer

Steel producer ArcelorMittal South Africa (AMSA) has deferred the wind-down of its long-products business by six months amid widespread concern regarding the detrimental impact of the closure on... 


Transnet train transporting iron ore
Transnet problems force Kumba to moderate output
8th February 2024 By: Darren Parker

Anglo American subsidiary Kumba Iron Ore CE Mpumi Zikalala has reiterated that State-owned Transnet’s rail performance challenges have placed so much pressure on Kumba’s value chain that the... 


An image of Anglo American CE Duncan Wanblad
Anglo’s fourth-quarter production in line with expectations despite rail constraints
8th February 2024 By: Tasneem Bulbulia

Diversified miner Anglo American’s production for the fourth quarter ended December 31, 2023, was in line with expectations and in line with production in the third quarter, despite the deliberate... 


An image of President Cyril Ramaphosa
Busa seeks govt's backing on private sector support to resolve energy, logistics crises
8th February 2024 By: Tasneem Bulbulia

Business organisation Business Unity South Africa (Busa) has outlined its expectations for President Cyril Ramaphosa’s State of the Nation Address tonight, with the first being a call for a clear... 


Long product being produced
AMSA announces six-month deferral to longs closure after agreements on short-term measures
8th February 2024 By: Terence Creamer

Steel producer ArcelorMittal South Africa (AMSA) has deferred the wind down of its long-products business by six months amid widespread concern regarding the detrimental impact of the closure on... 


Trafigura group executive chairperson and CEO Jeremy Weir, Ivanhoe Mines founder and executive co-chair Robert Friedland, and Lobito Atlantic Railway CEO Francisco Franca
Kamoa-Kakula, Trafigura become first Lobito railway corridor customers
7th February 2024 By: Darren Parker

The Kamoa-Kakula Copper Complex, in the Democratic Republic of Congo (DRC), and commodities trader Trafigura have both signed a term sheet outlining the key terms for a reserve capacity agreement... 


Anglo American considers deeper cost cuts in face of worst downturn in years
7th February 2024 By: Reuters

Anglo American may consider deeper cost-cutting measures unless market conditions improve after a fall in prices and a downturn in the platinum group metals (PGMs) sector that is the worst in 35... 


Reserve Bank governor Lesetja Kganyago
Kganyago roots for central bank independence
7th February 2024 By: Bloomberg

South African Reserve Bank Governor Lesetja Kganyago defended the independence of the monetary authority, which has faced repeated calls for its mandate to be expanded ahead of elections this year.... 


Cape Town Mayor Geordin Hill-Lewis
Hill-Lewis urges Ramaphosa to fast-track devolution of rail, policing powers to deal with crises
6th February 2024 By: Sashnee Moodley

Cape Town Mayor Geordin Hill-Lewis is looking to President Cyril Ramaphosa for answers on the delay of the national Rail Devolution Strategy, which could save lower-income families R932-million... 


Transnet receives locomotive batteries through RBCT partnership
6th February 2024 By: Schalk Burger

State-owned Transnet has taken delivery of seven full sets of batteries procured by the Richards Bay Coal Terminal (RBCT). The delivery of these critical spares will improve the reliability of... 


The Optimum coal mine
NUM welcomes Optimum Colliery settlement, calls for rail allocation
6th February 2024 By: Schalk Burger

Trade union the National Union of Mineworkers (NUM) has welcomed the settlement agreement under which Liberty Coal has agreed to pay R461.7-million to the State in place of the confiscation of... 


A cobalt mining operation in the DRC
US DFC boosts Congo funding, bids to de-risk world's top cobalt supplier
6th February 2024 By: Reuters

The US International Development Finance Corporation (DFC) said it was scaling up financing and guarantees for mining projects in Democratic Republic of Congo, to help de-risk and unlock private... 


Rail setback for Ardmore phosphate mine
5th February 2024 By: Creamer Media Reporter

ASX-listed Centrex is investigating road transport alternatives for phosphates concentrate from its Ardmore mine, after a portion of the Mount Isa-Townsville rail network has been damaged in the... 


President Cyril Ramaphosa at the Mining Indaba.
South Africa’s mining industry now 39% black-owned, Mining Indaba hears
5th February 2024 By: Martin Creamer

In 2004, the year South Africa’s far-reaching Mining Charter was first introduced, black ownership in South Africa’s globally recognised mining industry stood at a negligible 2%. This has now leapt... 


Image of the MCSA's Mzila Mthenjane, Nolitha Fakude and Hugo Pienaar
Initial signs that energy sector is stabilising; logistics to take longer – Minerals Council 
5th February 2024 By: Irma Venter

The domestic mining industry is looking at 2024 as a year of stabilisation, rather than growth, says Minerals Council South Africa CEO Mzila Mthenjane. The industry continues to face persistent... 


President Cyril Ramaphosa
We are turning ports around, but it will take time – Ramaphosa
5th February 2024 By: Sashnee Moodley

While the recently launched African Continental Free Trade Area will provide advantages for South African companies, the efficiency and competitiveness of the country’s logistics architecture needs... 


Locomotives operating on Transnet Freight Rail's rail lines
Clear commitment to reform implementation needed in SoNA – Mavuso
5th February 2024 By: Schalk Burger

Business organisation Business Leadership South Africa (BLSA) CEO Busi Mavuso has urged President Cyril Ramaphosa to show a clear commitment to the hard work of reform implementation during his... 


The Simandou mine area
Guinea lawmakers approve JV for Simandou iron-ore development
5th February 2024 By: Bloomberg

Guinea’s National Transition Council approved a joint venture between Rio Tinto, China-backed Winning Consortium Simandou and the government that seeks to develop the world’s biggest untapped iron... 


From left, Randy Fabi, Alan Waller, Gavin Kelly, Xolani Mbambo, Theo Johnson and Matthias Brodner.
Coal line criminals identified, must be jailed – Transnet
2nd February 2024 By: Martin Creamer

The criminal syndicates that regularly bring South Africa’s coal export line to a halt have been identified through the intelligence operations that are conducted by Transnet Freight Rail (TFR).... 


Coal being transported to port
Transnet says rail volumes recovered slightly in the last quarter of 2023
2nd February 2024 By: Tasneem Bulbulia

Transnet Freight Rail (TFR) says it experienced an improvement in rail volumes in the last quarter of the 2023 calendar year, as the implementation of Transnet’s recovery plan got under way. The... 


Photo of Martin Creamer
Rail, R&D partnership and Investing in African Mining Indaba make headlines
2nd February 2024

Mining Weekly Editor Martin Creamer provides updates on the new rail corridor agreement between RBCT and Transnet; Anglo American's partnership with large Chinese recycler GEM for a research and... 


Port of Maputo reports record volume for 2023
2nd February 2024 By: Irma Venter

The Maputo Port Development Company (MPDC) says the Port of Maputo achieved a record volume of 31.2-million tons in 2023, up 16% on the previous year. MPDC is a public–private partnership between... 


Image of graphite ore
Orom-Cross graphite project, Uganda – update
2nd February 2024 By: Sheila Barradas

The US International Development Finance Corporation has indicated its willingness to participate in debt funding for the project, subject to all the necessary due diligence. 


Image of iron-ore stockpile
Simandou iron-ore project, Guinea – update
2nd February 2024 By: Sheila Barradas

China Baowu Steel Group has raised more than $1-billion from a bond issue, in part for the giant Simandou iron-ore project. 


Image of the Cannington mine in Australia
Cannington mine, Australia
2nd February 2024 By: Sheila Barradas

A silver/lead/zinc mine in North-west Queensland, Australia 


New Gautrain CEO starts steering strategic expansions
1st February 2024 By: Marleny Arnoldi

Gautrain Management Agency CEO Tshepo Kgobe has assumed his role as of February 1, following the company’s announcement to this effect in September last year. He previously served as COO of... 


Image of a VW Polo
Yet another negative month for new-vehicle sales
1st February 2024 By: Irma Venter

New-vehicle sales declined by 3.8% in January, to 41 636 units, compared with the same month last year. This continued the decline in new-vehicle sales witnessed in the last five months of 2023. 


Dr Juanita Maree
Freight forwarders note some progress in tackling logistics crisis, but call for intensification of collaborative efforts
1st February 2024 By: Terence Creamer

The CEO of the South African Association of Freight Forwarders (SAAFF) believes progress is being made in navigating the ‘perfect storm’ of South Africa’s current logistics crisis, which is... 


UD Trucks Southern Africa MD Filip van den Heede
UD Trucks Southern Africa to expand feature, service offerings
1st February 2024 By: Marleny Arnoldi

As the South African logistics industry continues to undergo a shift, with cargo increasingly being moved by road rather than rail, UD Trucks Southern Africa (UDTSA) is sharpening up its service... 


Tshipi achieves record quarter production
31st January 2024 By: Tasneem Bulbulia

Tshipi é Ntle Manganese Mining, in which ASX-listed Jupiter Mines has a 49.9% beneficial interest, achieved record production at the Tshipi manganese mine in the Kalahari manganese field for the... 


President Cyril Ramaphosa
Ramaphosa says continental market will promote agricultural development, food security as trade begins under AfCFTA
31st January 2024 By: Thabi Shomolekae

President Cyril Ramaphosa said on Wednesday that the start of preferential trade will create great opportunities for growth and development for South Africa and many other African countries.... 


Resources Watch
Resources Watch
31st January 2024

This week: Vanadium junior has expansive plans for long-life operation, mulling JSE listing; New public-private rail corridor agreement already boding well and, SRK celebrating 50 years of... 


MC Mining MD and CEO Godfrey Gomwe
MC Mining pleased with results of Uitkomst colliery turnaround, while Vele colliery struggles
31st January 2024 By: Chanel de Bruyn

Run-of-mine (RoM) production at coal miner MC Mining’s Uitkomst Colliery steelmaking and thermal coal mine , in KwaZulu-Natal, South Africa, increased by 31% year-on-year to 129 272 t for the... 


Canadian miner greenlights $470m project for low-carbon steel feedstock
Canadian miner greenlights $470m project for low-carbon steel feedstock
31st January 2024 By: Mariaan Webb

Canadian iron-ore mining company Champion Iron on Tuesday announced a final investment decision (FID) for its direct reduction pellet feed (DRPF) project at the Bloom Lake iron-ore complex, in... 


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