Xtract starts drilling programme at Zambia licence

London-listed Xtract Resources has started a diamond drill programme at Silverking (Licence 26673-HQ-LEL) in Zambia. The programme has set a number of objectives aimed at advancing the development... 

Fuel prices could increase on the back of Transnet tariffs

If the Minister of Mineral and Petroleum Resources decides to use the National Energy Regulator of South Africa’s (Nersa’s) Petroleum Pipelines System tariffs as proxy for the cost of transporting... 

Google Cloud, Nemisa launch cybersecurity training in South Africa

Google Cloud and the National Electronic Media Institute of South Africa (Nemisa) have launched the Google Cybersecurity Upskilling Initiative. Google Cloud would provide the opportunity for up to... 

Endeavour Mining delivers strong full year performance

London-listed Endeavour Mining, which has a portfolio of gold mining assets in West Africa, reported strong results for the 2024 financial year, with record fourth-quarter free cash flow of... 

West Africa Resources’ reports strong financial performance

Unhedged gold mining company West African Resources produced 206 622 oz of gold at an all-in sustaining cost (AISC) of $1 240/oz in 2024. The company’s Sanbrado gold mine and Toega gold deposit are... 

PRASA bus collides with truck in the Free State, ten lives lost

The Passenger Rail Agency of South Africa (PRASA) has confirmed that one of its buses was involved in an accident between Smithfield and Reddersburg in the Free State, on March 5, with ten lives... 

No Gautrain train service between Park, Rosebank stations this weekend

There will be no train service between the Gautrain’s Park and Rosebank stations from 05:00 on Saturday, March 8, until 20:30 on Sunday, March 9, for final repair works to be done in the tunnel... 

Galileo’s KCB geophysical survey highlights potential drill targets

London-listed Galileo Resources says chargeability or resistivity anomalies were observed on all five induced polarisation (IP) lines surveyed across two of its Kalahari Copperbelt (KCB)... 

Botswana Diamonds granted mining permit for Thorny River

London-listed Botswana Diamonds has been granted a mining permit for its Thorny River project, in Limpopo, South Africa. The Thorny River project is close to the mined-out Marsfontein mine. 

Rome Resources expands polymetallic potential at Mont Agoma prospect

Aim-listed Rome Resources says assay results from drill hole MADD018 at its Mont Agoma prospect in the Democratic Republic of Congo have confirmed a 62.25 m cumulative higher-grade zone at 0.61%... 

Lotus completes board transition ahead of Kayelekera restart

ASX-listed Lotus Resources has finalised the transition of its board of directors as fully funded restart works at its Kayelekera uranium project, in Malawi, move closer to production in the third... 

AFC signals interest in funding Blencowe’s Orom-Cross project

London-listed Blencowe Resources has received a formal expression of interest (EoI) from multilateral finance institution the African Finance Corporation (AFC) regarding potential participation in... 

Majority of Bidvest businesses deliver interim growth, despite headwinds

JSE-listed Bidvest Group says its achieved “decent” result for the six months ended December 31, with most of its businesses having generated consistent profits. Bidvest is a business to business... 

Transnet appoints CEs for Engineering, Rail Infrastructure Manager divisions

Rail and ports operator Transnet has appointed Bessie Mabunda as Transnet Engineering (TE) CE and Moshe Motlohi as Transnet Rail Infrastructure Manager (TRIM) CE, with effect from March 1. These... 

Jupiter declares interim dividend, reports strong cash flows

ASX-listed Jupiter Mines has declared a dividend of $0.75 c apiece for the six months ended December 31. Despite a volatile market environment in the first half of the 2025 financial year, the... 

Strategic shift underpins Fortress’ solid interim performance

Real estate company Fortress Real Estate Investments achieved a solid performance for the six months ended December 31, with distributable earnings a share of 76.15c, a 29.8% increase on the... 

Collaboration key to Africa’s burgeoning participation in critical minerals space

As a host to a considerable amount of the critical minerals pivotal to future development, Africa has a crucial role to play and it is imperative that the continent takes an active role in ensuring... 

Harmony reports another fatality following Mponeng FoG incident

An employee who sustained injuries in a fall-of-ground (FoG) incident following a seismic event at Harmony Gold Mining Company’s Mponeng mine, in Gauteng, on February 20 has passed away. “Despite... 

Drilling at Greenwing’s Madagascar project deliver ‘encouraging’ results

ASX-listed Greenwing Resources has completed 464 auger holes, totalling 4 027 m, at its 100%-owned Andapa graphite project, in Madagascar. This exploration work has found regolith-hosted... 

Kropz’s Elandsfontein records good performance despite challenges; company served claim

Aim-listed Kropz’s Elandsfontein operation, in South Africa, started the year positively, with record production of 33 000 t for January. That took production for the four months to January 31 to... 

AECI CEO pleased with the success of the group's new strategy

JSE-listed AECI’s earnings and profit for the year ended December 31, 2024, decreased year-on-year as the group executed its new strategy and made several concessions to enable this. The reported... 

Mahindra, IDC sign MoU to explore potential for local manufacturing in South Africa

India-headquartered vehicle manufacturer Mahindra Group has signed a memorandum of understanding (MoU) with South African development finance institution the Industrial Development Corporation... 

Ishwati Emoyeni Wind Farm reaches financial close, construction under way

Renewable-energy companies African Clean Energy Developments (ACED), Energy Infrastructure Management Services (EIMS) Africa and NOA Group Trading report that financial close has been reached and... 

Stronger growth projected for sub-Saharan Africa this year

Global conditions are more favourable, supporting firmer economic growth in sub-Saharan Africa, financial organisation Nedbank Group’s economic unit notes in its ‘Africa Insights for sub-Saharan... 

BLSA highlights importance of B20

The Business 20 (B20) South Africa Summit, which is being hosted in Cape Town this week, provides “an unprecedented opportunity [for South Africa] to engage with the world and build our... 

Budget speech delay indicative of a ‘robust democracy’ – economist

The unprecedented delay in South Africa’s Budget speech this week reflects several positives for the country and, if the country is able to leverage infrastructure spending and tackle structural... 

Gold demand reached a new high in 2024, World Gold Council reveals

Total gold demand, including over-the-counter (OTC) investment, rose 1% year-on-year in the fourth quarter to reach a new quarterly high and contribute to a record yearly total of 4 974 t, industry... 

Dean Horton appointed to Canyon board

ASX-listed Canyon Resources has appointed Dean Horton a nonexecutive director, starting February 19. Horton’s appointment supports the board’s strategy of attracting and building a proven,... 

AECI warns of lower earnings on the back of strategic repositioning

JSE-listed AECI expects to report a basic loss a share from continuing and discontinued operations of between R2.41 and R2.95 for the year ended December 31, compared with basic earnings a share... 

Anglo American achieves strong operational, cost performance; portfolio simplification progressing

Global miner Anglo American achieved a strong operational and cost performance for the year ended December 31, with $1.3-billion of costs removed on a run rate basis and a further $500-million to... 

Anglo American, Codelco seek to unlock further value from Los Bronces, Andina mines

JSE-listed Anglo American’s 50.1%-owned subsidiary Anglo American Sur (AAS) and the Chilean State-owned mining company Codelco have signed a memorandum of understanding (MoU) for a framework to... 

Barrick files technical reports for Lumwana expansion, Reko Diq projects

Canadian miner Barrick Gold Corp has filed technical reports for each of the Reko Diq and Lumwana Expansion projects, in Pakistan and Zambia, respectively. Barrick indirectly owns 50% of the Reko... 

ICMM releases updated guidance for closure of tailings storage facilities

Industry body The ICMM has published new editions of key resources, with updates designed to improve how mining companies plan and manage the closure of tailings storage facilities. The Tailings... 

Tirupati terminates Shishir Poddar as co-CEO, unspecified investigations continue

London-listed Tirupati Graphite has terminated Shishir Poddar as co-CEO, with immediate effect. The company says in a statement that it reserves its right to continue its investigations into all... 

PSV chrome legacy agreement enhanced – Merafe

An Upper Group 2 offtake agreement previously concluded between Lonmin and JSE-listed Merafe’s chrome pooling and sharing venture with Glencore Operations South Africa (PSV) has now been enhanced.... 

Bayer joins Waterfall City

Property company Attacq has welcomed Bayer, a global enterprise with core competencies in the life science fields of healthcare and nutrition, at Waterfall City. Bayer will occupy a collaborative... 

Sylvania increases full-year guidance on the back of strong interim performance

Aim-listed Sylvania Platinum has increased its 2025 production guidance to between 75 000 oz and 78 000 oz of platinum, palladium, rhodium and gold (4E) platinum group metals (PGMs), from the... 

GoviEx, Niger agree on strategic roadmap

TSX-V-listed GoviEx Uranium and its wholly-owned subsidiary GoviEx Niger have signed a letter with the government of Niger, represented by the Minister of Mines, agreeing to a structured roadmap... 

Economists ponder fiscal consolidation, tax increases ahead of Budget speech  

Ahead of Finance Minister Enoch Godongwana's 2025 Budget speech, a panel of economists deliberated on the potential outcomes of the Budget, including the impact of fiscal consolidation and tax... 

Platinum jewellery demand recovery encouraging – PGI

Industry organisation Platinum Guild International (PGI) highlights jewellery as an important demand segment for platinum, accounting for around 25% of total yearly platinum demand. It cites data...