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Sabrina Jardim is a Creamer Media Senior Online Writer for Engineering News and Mining Weekly.
Eastplats reports narrower losses
TSX- and JSE-listed Eastern Platinum’s (Eastplats’) revenue for the third quarter ended September 30 increased to $13.7-million, representing a $2.7-million, or 24.5%, increase year-on-year....
Minerals Council joins application to review R54bn Eskom-Nersa settlement
The Minerals Council South Africa has confirmed that it has applied to be joined as a third respondent in a court bid to halt a controversial settlement agreement between power utility Eskom and...
Liberty Coal announces new phase of operations at Optimum
Coal miner Liberty Coal has announced that it is implementing its long-standing plans of appointing Liberty Mine Services (LMS), a member of the Liberty group of companies, as its principal mining...
Goldplat reports strong operating quarter, £2.09m operating profit
Aim-listed Goldplat has reported that its two recovery operations – in South Africa and Ghana – achieved a combined operating profit of £2.09-million for the quarter ended September 30. The company...
Lucara reports $51.2m in revenue, advances Karowe underground project
Toronto-listed Lucara Diamond sold 101 422 ct during the quarter ended September 30, generating $51.2-million in revenue. In August, the company recovered a 1 015 ct non-gem diamond and a 37.42 ct...
New partnership promotes responsible sourcing of PGMs
Nonprofit organisation the Initiative for Responsible Mining Assurance (IRMA) and trade association the London Platinum and Palladium Market (LPPM) have announced a new, non-exclusive collaboration...
Gold Fields targeting incrementatal growth in output over the next five years
During a Capital Markets Day media conference call, on November 13, gold miner Gold Fields CEO Mike Fraser pointed out that the company was targeting incremental production growth over the next...
Collaboration, investment key to driving local construction sector growth
As the South African construction sector navigates various challenges, such as high interest rates and a lack of infrastructure maintenance, various steps need to be taken for South Africa to...
Tharisa signs new debt facilities with Absa, Standard Bank
JSE-listed Tharisa has, subject to the fulfilment of certain conditions precedent, signed a $130-million debt facility with Absa Bank – acting through its Corporate & Investment Banking (CIB)...
Hillside Aluminium to provide R200m funding to support manufacturing in Richards Bay
Diversified miner South32’s Hillside Aluminium subsidiary has partnered with the Automotive Industry Transformation Fund (AITF) and the Department of Trade, Industry and Competition (dtic) to...
Manufacturing production up 0.3% y/y in Sept
South Africa’s manufacturing production increased by 0.3% year-on-year in September, Statistics South Africa (Stats SA) reports. The largest positive contributions were made by the motor vehicles,...
Blue Ridge enters chrome concentrate supply agreement with investment company
JSE-listed Mantengu’s 70%-owned subsidiary Blue Ridge Platinum has entered into a life-of-mine chrome concentrate supply agreement with Monteagle International. In terms of the supply agreement,...
Shuka receives initial tranche for proposed mining acquisitions
Aim-listed Shuka Minerals has received an initial tranche of $300 000 from its financing partner Gathoni Muchai Investments (GMI) under an increased loan facility for the financing of Shuka’s...
Ironveld reports progress in DMS-grade magnetite processing facility
Aim-listed Ironveld has reported that Daemaneng Minerals has made significant strides in preparing Ironveld's joint venture dense media separation- (DMS-) grade magnetite processing facility, in...
Outa, Fines SA welcome AARTO implementation delay
The Organisation Undoing Tax Abuse (Outa) and digital traffic fines platform Fines SA have welcomed the announcement by the Department of Transport to defer the implementation of the Administrative...
Millbake, Groceries divisions give Premier Group’s interim results a boost
JSE-listed fast-moving consumer goods and personal care products company Premier Group has reported that its interim results for the six months ended September 30 demonstrate the continuance of a...
West Wits issues shares to Absa to settle fees
ASX-listed West Wits Mining has issued 100.39-million unlisted options to Absa Bank – acting through its Corporate and Investment Banking division – to settle fees of R7.66-million payable to Absa...
Switch Metals signs MoU with Xcelsior
London-listed Switch Metals has signed a memorandum of understanding (MoU) with financial services company Xcelsior Capital Advisors. Xcelsior provides financing to producers of critical metals and...
AECI unveils TNT-free booster technology
Chemicals and mining explosives company AECI unveiled trinitrotoluene- (TNT-) and pentaerythritol tetranitrate- (PETN-) free booster technology at the European Federation of Explosives conference,...
ARM continues discussions on Assmang dividend
JSE-listed African Rainbow Minerals (ARM) has advised shareholders that there are ongoing discussions among the directors of mining company Assmang, who have been appointed by ARM and Assore South...
Competition Commission refers case against the JSE to the Tribunal
The JSE has advised its shareholders that the Competition Commission has referred the JSE to the Competition Tribunal for prosecution. In a November 10 statement, the JSE says the commission did...
Eskom celebrates Koeberg Unit 2’s 40 years of commercial operation
Power utility Eskom on November 9 celebrated the 40-year anniversary of Unit 2 at the Koeberg nuclear power station. Koeberg Unit 2 entered commercial operation on November 9, 1985, with Eskom...
Numsa signs three-year wage agreement in the tyre sector
The National Union of Metalworkers of South Africa (Numsa) has concluded a three-year wage agreement in the tyre manufacturing sector, effective from July 31 this year to June 30, 2028. In a media...
Canyon continues with development of Minim Martap despite minor delays
Despite reports of unrest in several cities in Cameroon following the re-election of President Paul Biya, ASX-listed Canyon Resources has continued to progress the development of its Minim Martap...
Growthpoint buys into Free State hydroelectric plant
JSE-listed real estate investment trust (Reit) Growthpoint Properties has acquired a 30% stake in independent power producer Serengeti Energy’s operational Boston Hydro plant near Clarens, in the...
CSIR launches CO2 supercritical encapsulation facility
The Council for Scientific and Industrial Research (CSIR) launched a pioneering CO₂ Supercritical Encapsulation Facility (SCEF), the first of its kind on the African continent, on October 17. This...
SA Corporate Real Estate to acquire The Parks Lifestyle Apartments
Real estate investment trust SA Corporate Real Estate’s planned acquisition of the Parks Lifestyle Apartments, in Gauteng, presents an opportunity for the company to further its strategic focus on...
African CEOs remain optimistic despite challenges, emphasise AI adoption as strategic priority
Amid global economic uncertainty and geopolitical tensions, African CEOs have demonstrated resilience despite challenges, expressing optimism about their own organisations’ growth prospects....
UWC appoints Raymond Parsons as Extraordinary Professor
Professor Raymond Parsons has been appointed as an extraordinary professor in the Faculty of Economic and Management Sciences at the University of the Western Cape (UWC). In a media release, UWC...
Oscillate signs definitive agreement to dispose of noncore hydrogen assets
Copper and future metals developer Oscillate – to be renamed Serval Resources – has signed a definitive agreement with Pulsar Helium to supersede the nonbinding term sheet announced on September 2...
Resolute assures shareholders Syama mine operating normally
Noting media articles regarding events in Mali, London-listed Resolute Mining has informed shareholders that its Syama mine, located in the south of Mali, continues to operate normally with minimal...
Kore Potash starts formal sales process
Aim-, ASX- and JSE-listed Kore Potash has started a formal sales process to enable its board and advisers to engage more widely with parties that have expressed an interest in acquiring the...
Mali President, dignitaries officiate Bougouni lithium project launch
Aim-listed Kodal Minerals has announced the official opening of the Stage 1 Bougouni lithium project, in southern Mali, by Mali President General Assimi Goïta in a ceremony held on November 3. The...
Mining right granted for Zeb nickel project; URU raises £1.1m
South Africa’s Department of Mineral and Petroleum Resources (DMPR) has granted and executed a mining right in favour of Lesego Platinum Uitloop – the project company for London-listed URU Metals’...
Makhado project progressing well, Uitkomst improvement plan approved
Coal miner MC Mining has reported that the development of the Makhado project, in Limpopo, progressed well during the quarter ended September 30, with key milestones achieved despite experiencing...
DPWI launches Phase 1 of building South Africa’s first new small harbours since democracy
Public Works and Infrastructure Deputy Minister Sihle Zikalala launched the first phase of a landmark programme to build new small harbours in neglected coastal towns, on October 31. In a media...
UK announces commitment to advancing gender equality in South Africa
The UK government has reaffirmed its commitment to tackling gender-based violence and femicide (GBVF) in South Africa by announcing an additional R18-million, or £800 000 in support to the GBVF...
Jupiter on track to meet full-year guidance as Tshipi mine delivers good first-quarter results
ASX-listed Jupiter Mines has reported that the Tshipi manganese mine, in South Africa, has delivered another reliable set of results for the quarter ended September 30, with sales of 837 577 t and...
Despite GDP uptick for South Africa, local challenges need to be addressed – BMI
While South Africa’s GDP is expected to edge up to 1.1% this year from 0.6% in 2024, on the back of energy and transport reforms, underlying challenges, such as weak export activity and contracting...
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