BMI expects iron-ore price to decline steadily over the next decade

Research agency BMI maintains that the iron-ore price will average $100/t this year, with expected subdued demand and weighed down prices as a result. Although iron-ore will remain supported by... 

AMSA, IDC to amend deferral date under March facility agreement

Primary steel producer ArcelorMittal South Africa (AMSA) has entered into a letter of amendment with the Industrial Development Corporation (IDC) to refer to the correct deferral period for the... 

Bargaining council zooms in on streamlining, cooperation in industry

As South Africa intensifies its focus on infrastructure development to stimulate economic growth, the need for a robust and well-regulated civil engineering sector has never been more urgent, says... 

Tiger Brands sells LAF canned fruit business to consortium, including community trust

JSE-listed fastmoving consumer goods producer Tiger Brands has entered into a sale agreement for the disposal of its deciduous fruit business Langeberg & Ashton Foods (LAF). The acquiring party... 

Red Rocket starts operations at two 144 MW wind farms

Independent power producer Red Rocket has achieved commercial operation of the Rietkloof Wind Farm, on the border of the Western and Northern Cape provinces. Red Rocket was awarded two preferred... 

Eastplats records wider attributable loss as it develops underground operations

TSX-listed Eastern Platinum (Eastplats) has reported a 5.7% decrease in revenue to $14.8-million in the first quarter of the year, compared with revenue of $15.7-million having been reported in the... 

Pensana draws down first equity tranche funding from Angolan fund for Longonjo construction

After securing full financing of the Longonjo rare earths project, in Angola, London-listed Pensana has agreed the terms and timing for the deployment of the first $25-million equity tranche from... 

Equites turns investment focus to South African portfolio, expects further distribution growth

JSE-listed logistics real estate investment trust Equites Property Fund has reported a distribution per share (DPS) of 133.92c – at the upper end of guidance – for the financial year ended February... 

Ivanhoe upgrades mineral resource estimate for the Makoko District next to Kamoa-Kakula

TSX-listed Ivanhoe Mines has published an independently verified updated mineral resource estimate (MRE) for the Makoko District, which is within Ivanhoe’s Western Forelands Exploration project, in... 

TIPS launches Just Transition Labour Centre to research, voice the needs of the working class

Independent, nonprofit economic research institution Trade & Industrial Policy Strategies (TIPS) has launched a Just Transition Labour Centre to help develop the technical expertise required as a... 

Creecy confirms passenger rail RFI imminent

As rail reforms continue to take shape in South Africa, particularly with Transnet having published a Network Statement paving the way for private operators in December last year, Transport... 

Ndalamo Energy confirms viability of solar project at old colliery

Ndalamo Resources subsidiary Ndalamo Energy has confirmed in a prefeasibility study (PFS) the viability of the Wonderfontein Colliery as an ideal site for new-energy initiatives. The study, the... 

Caledonia grows its first-quarter net profit to $8.9m

NYSE- and Aim-listed gold miner Caledonia Mining Corporation has managed to grow its net attributable profit to shareholders by 493% year-on-year to $8.9-million in the quarter ended March 31.... 

Debswana clarifies yearly maintenance at Orapa No 2 plant, not closure

Debswana Diamond Company has clarified that the Orapa No 2 processing plant is undergoing yearly scheduled maintenance during May and has not ceased operations. The planned shutdown is a routine... 

Anglo American appoints Crop Nutrients veteran McCulley as technical director

Diversified miner Anglo American has appointed Tom McCulley technical director, effective immediately. He succeeds Matt Daley, who opted to take up a senior executive role at fellow diversified... 

Presidency MoU assigns Mpumalanga Green Cluster Agency as JET implementer in the province

The Presidency has signed a memorandum of understanding (MoU) with the Mpumalanga Green Cluster Agency (MGCA) to cooperate on implementing a Just Transition portfolio for the province. The... 

Raubex defers publishing yearly results until whistleblower report is investigated

JSE-listed construction materials and mining company Raubex has announced that the publishing of its results for the financial year ended February 28 will be delayed while it reviews an anonymous... 

BLSA to launch policy reform tracker tool

Business Leadership South Africa (BLSA) will, in the third quarter, launch a new online tool to track progress on all Operation Vulindlela policy reform areas. This comes after the launch last... 

Listeriosis class action firms laud Tiger Brands’ early settlements of some claims

The representative law firms of the listeriosis class action of 2017/18, Richard Spoor Incorporated (RSI) and LHL Attorneys, have welcomed fast-moving consumer goods producer Tiger Brands’ renewed... 

Glencore improved on various sustainability metrics in 2024

Global diversified miner Glencore says various initiatives at its industrial assets are driving positive change in the communities where they operate. “Our diversified business model, underpinned... 

BevSA appoints four new board members

Nonalcoholic beverage industry body Beverage Association of South Africa (BevSA) has appointed a diverse group of individuals with expertise across various sectors to its board. The new... 

Chrysos to supply PhotonAssay units to various Newmont gold sites

ASX-listed technology company Chrysos Corporation has signed a master services agreement (MSA) with global diversified miner Newmont Corporation to provide PhotonAssay technology to Newmont’s gold... 

Sibanye-Stillwater reports positive earnings increases for the first quarter

Multinational mining and metals processing group Sibanye-Stillwater has reported an 89% year-on-year increase in adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) to... 

Akobo reports improved smelting result more aligned with Segele’s potential

Ethiopia-focused gold producer Akobo Minerals has conducted a small smelting endeavour covering three days of production, which yielded 445 g of gold. The average grade was 9 g/t.  

Genmin chair provides company with A$2m loan

ASX-listed emerging iron-ore producer Genmin has executed a A$2-million loan with an entity related its nonexecutive chairperson Greg Lilleyman. Genmin can draw down the funds immediately and use... 

Dewatering specialist emphasises planning

With mine dewatering being a complex challenge that is often overlooked during the design phase of a mining operation, original-equipment manufacturer Weir helps miners conduct comprehensive... 

Petrol products, vehicles drag first-quarter manufacturing output lower

Manufacturing production decreased by 0.8% in March compared with March last year, with the largest negative contributions having been made by the petroleum, chemical products, rubber and plastic... 

TNPA selects preferred bidders for liquid bulk terminal contracts at Richards Bay

Transnet National Ports Authority (TNPA) has announced five preferred bidders for the development of liquid bulk and green fuel terminals in the South Dunes precinct at the Port of Richards Bay.... 

Global nut trade relations now need diplomacy, shared interest focus

With trade policy and tariffs earmarked to be a key point of discussion at the International Nut and Dried Fruit Council (INC) Congress in Spain this week, South African macadamia growers are... 

TPT reflects on progress made with turnaround strategy

State-owned Transnet Port Terminals (TPT) has made progress in improving its operational performance and with investment into new assets since it announced a turnaround strategy in October 2023.... 

Growers, producers experience well-rounded, successful wine grape season

Industry body South Africa Wine says the 2025 wine grape harvest has been characterised by exceptional fruit quality, owing to sustained mild and dry conditions that delivered grapes of superb... 

Emerging markets have an opportunity to grow their share of global copper trade

Intergovernmental organisation UN Trade and Development (Unctad) says the global copper industry is entering a pivotal phase of requiring more production but also smarter and more inclusive... 

Tracit recommends South Africa employ a PPP initiative to curb illegal trade

The Transnational Alliance to Combat Illicit Trade (Tracit) has launched a second edition of South Africa’s ‘Fight Against Illicit Trade’ report, which recommends a public-private partnership (PPP)... 

ICMM publishes new handbook on community-led mine closure practices

Mining and metals advocacy group ICMM provides in its latest “Handbook on Multistakeholder Approaches to Socioeconomic Transitions in Mining” publication a practical guide for mining companies to... 

Gold consumption dips on back of latest price rallies

Refining services provider Heraeus Precious Metals finds in its latest appraisal publication that fabrication demand for gold fell significantly in the first quarter of the year, largely owing to... 

Syrah finally regains access to Balama mine

ASX-listed Syrah Resources has restored site access at its Balama graphite mine, in Mozambique, following disruptions from protest action and lack of government intervention since mid-2024.  Syrah... 

Lower prices, higher costs to lead to lower earnings for Astral

JSE-listed poultry producer Astral Foods expects its earnings per share (EPS) for the six months ended March 31 to decrease by between 45% and 55% year-on-year following a cybersecurity incident,... 

Only way forward for Budget is to cut spending – BLSA

With Finance Minister Enoch Godongwana set to table South Africa’s third iteration of the 2025 national Budget to Parliament on May 21, Business Leadership South Africa CEO Busi Mavuso says the... 

Alternative building technology the way to go for quicker housing delivery, Indaba hears

As Gauteng’s housing backlog continues to widen beyond the current 1.2-million units and amid lacking security of tender, which impacts on economic empowerment and employment, human settlements... 

African Dawn partners with Singapore-based Watercloud to drive green development

Sustainable energy systems and digital infrastructure company Watercloud International has entered into a strategic partnership with African Dawn Investment Holdings to form a new joint venture...