BMI expects lower metal prices this year

Market analyst BMI – a unit of Fitch Solutions – has forecast that metal prices will average slightly lower this year than in 2024, with BMI head of commodities analysis director Sabrin Chowdhury... 

OR Tambo International Airport among top ten busiest airports in Middle East, Africa region

In a media release, Airports Company South Africa (ACSA) has acknowledged the recent data released by global aviation database and analytics company OAG’s Global Airline Schedules, which highlights... 

RCL Foods expects to report higher interim earnings

JSE-listed RCL Foods expects its headline earnings per share (HEPS) from total operations for the six months ended December 31 to be between 106c  and 112c when compared with the reported HEPS of... 

Barrick reports higher reserves, with Reko Diq making a substantial contribution

Global gold and copper miner Barrick Gold Corporation has reported that its attributable proven and probable gold mineral reserves have increased by 17.4-million ounces before 2024 depletion.... 

Metso launches new screening fabrication, assembly, testing and painting facility in Gauteng

Minerals and aggregates process solution company Metso, in partnership with specialist fabrication company Efficient Engineering, has launched its screening fabrication, assembly, testing and... 

Updated Uis MRE shows increases in average lithium grade, contained metal tonnage

Aim-listed Andrada Mining’s updated mineral resources estimate (MRE) for the V1V2 pegmatite at the Uis tin mine, in Namibia, shows increases in average lithium grade and volumes of the measured and... 

DRDGOLD expects to report up to 70% increase in EPS, HEPS

JSE-listed DRDGOLD says it expects to report earnings per share (EPS) and headline earnings per share (HEPS) of between 109.2c and 116c for the six months ended December 31. That compares with the... 

Jubilee progressing plans to accelerate copper production in Zambia

London- and Johannesburg-listed Jubilee Metals has reported progress on restarting its Roan operations, in Zambia, following stable power delivery, as well as the processing of new higher-grade... 

Industry leaders share critical insights at Automechanika CEO networking event

Prominent figures in the automotive industry met at the Southern African-German Chamber of Commerce and Industry, in Johannesburg, on January 31, for a combined Automechanika CEO lunch and... 

Hollard Insure appoints Andrew Coutts CEO

Insurance company Hollard Insurance Company has appointed Andrew Coutts as CEO of Hollard Insure – the short-term insurance division of South Africa’s largest privately owned insurer – succeeding... 

Copper 360 completes first on-ore blast at Rietberg

JSE-listed Copper 360 reports that it successfully executed the first on-ore blast at its Rietberg mine, in the Northern Cape, on January 31. The company says this marks the first such blast in 42... 

Lake Victoria’s first scheduled RoRo freight vessel sets sail

East Africa Marine Transport (EAMT) has commissioned Lake Victoria’s first scheduled roll-on/roll-off (RoRo) freight vessel, the MV MPUNGU. Offering faster and safer crossings and reduced carbon... 

Traxtion expands operations into Angola with new contract

Private freight rail company Traxtion has expanded its operational footprint into Angola after signing a contract with a concessionaire on the Lobito Rail Corridor. While Traxtion has previous... 

Mkango closes £2.34m private placement

A private placement by Aim-listed Mkango Resources to raise gross proceeds of £2.33-million through the issuance of 29.19-million common shares at a price per subscription share of 8p, has closed.... 

Alexforbes launches National CIPC Sustainability Reporting Market Sentiment Survey

JSE-listed financial services company Alexforbes has launched a National Companies and Intellectual Property Commission (CIPC) Sustainability Reporting Market Sentiment Survey to assess market... 

Standard Bank leads debt funding of pioneering Eswatini hydropower project

Standard Bank has announced the close of a R567-million deal to fund Eswatini’s 13.5 MW Lower Maguduza hydropower project. The project was sponsored and developed by African Clean Energy... 

Eger takes over as Resolute CEO as Holohan resigns

Terry Holohan has resigned as CEO, MD and director of ASX- and LSE-listed Resolute Mining, with immediate effect. Resolute notes that it is discussing the terms of a proposed settlement in... 

Podium Minerals joins WPIC as new pre-production member

Australian platinum group metals (PGMs) developer Podium Minerals has joined the World Platinum Investment Council (WPIC) as a pre-production member. The ASX-listed company aims to be Australia’s... 

MC Mining records 26% decline in coal production for the Dec quarter

JSE-, ASX- and Aim-listed MC Mining has reported a 26% year-on-year decrease in run-of-mine (RoM) coal production from the Uitkomst steelmaking and thermal coal mine, in KwaZulu-Natal, to 95 489 t... 

South32 provides new community healthcare clinic in Meyerton, Gauteng

Globally diversified mining and metals company South32 on January 30 celebrated the official opening of the Sicelo Clinic in Meyerton, Gauteng. The company says the R4.1-million healthcare facility... 

Sars reports preliminary figures on 2024/25 filing season

Since the opening of the 2024/25 filing season, 543 252 provisional taxpayers had filed their annual income tax returns for the 2024 tax year – a 4.76% increase from the 517 356 returns for the... 

South Africa’s business services sector on track to create 500 000 jobs by 2030

South Africa’s fast-growing global business services (GBS) sector created over 14 000 new jobs between January and September 2024, with 12 564 of those taken up by the country’s youth, Business... 

African-led Green Industrial Development Expert Panel launched

The African Climate Foundation (ACF) and the Nelson Mandela School of Public Governance at the University of Cape Town, have established the Green Industrial Development Expert Panel (GIDEP). The... 

Gemfields continues funding MRM processing plant, pauses Kagem mining

JSE- and LSE-listed Gemfields has reported total auction revenues of $196-million for the year ended December 31, and a net debt position of $80.5-million – before auction receivables of... 

Women, youth, people with disabilities to get fully funded training for South Africa’s JET

The African Women in Energy and Power (AWEaP) – in partnership with the US Department of State Bureau of Energy Resources and Winrock International, through the Accelerating Women’s Empowerment in... 

Global M&A likely to surge this year – report

While dealmakers waited for an improvement in conditions in inflation, interest rates and debt financing and to see the effect of those macroeconomics on target performance over a substantial... 

Jupiter on track with five-year strategy

While market conditions and certain geopolitical shifts may influence the short-term outlook for some of its initiatives, ASX-listed Jupiter Mine’s five-year strategy remains solid and well-aligned... 

PwC to pay Eskom R43m in legal settlement

State-owned utility Eskom and consultancy PricewaterhouseCoopers (PwC) have reached a settlement in a High Court case initiated by the utility in 2021. The case was aimed at setting aside a cost... 

Orion completes BEE transaction for Okiep, progresses feasibility studies

The suspensive conditions to transactions between ASX- and JSE-listed Orion Minerals’  New Okiep Exploration Company (NOE) and New Okiep Mining Company (NOM) and historically disadvantaged South... 

ABB advances R&D on eMine FastCharge solution

With an emphasis on continuous research and development, global technology company ABB is piloting new developments for its high-power stationary fast-charging solution, the eMine FastCharge – a... 

South Africa ratifies Luxembourg Rail Protocol

The African Rail Industry Association (ARIA) has commended South Africa’s strategic ratification of the Luxembourg Rail Protocol, which it describes as a critical decision poised to drive rail... 

Major non-bank financial ecosystem players launch new association

South Africa has a large underbanked community, with many people still relying on cash only transactions. The new Association for South African Payment Providers (ASAPP) aims to provide fair access... 

Conference to showcase South African businesses, tourism

Building on South Africa’s Group of 20 (G20) legacy, the Meetings Africa 2025 conference will showcase Africa’s leadership on the global business events stage, empower local businesses and... 

Canyon signs underwriting agreement to buy rolling stock for Cameroon bauxite mine

ASX-listed Canyon Resources' major shareholder, Eagle Eye Asset Holdings (EEA), has agreed to underwrite the full debt requirements to finance the purchase of 22 locomotives and 550 wagons and the... 

Marula signs manganese ore supply agreements for Kenya plant

Africa-focused mining and development company Marula Mining says it has signed a number of agreements for the supply and delivery of manganese ores to its 80%-owned Kilifi processing plant, in... 

Hydrogen economy development enters critical phase – GlobalData

Data and analytics company GlobalData says the hydrogen economy has recently experienced some hiccups in its growth story, noting that demand for this commodity is not rising at the pace it was... 

Poultry sector to pursue export-driven growth strategy – dtic

South Africa’s poultry sector intends to, under the leadership of  Trade, Industry and Competition Deputy Minister Zuko Godlimpi, pursue an export-driven growth strategy to advance the South... 

Innovative trolleys introduced for waste pickers

The Greater Tygerberg Partnership (GTP) has unveiled innovative new trolleys for  informal waste pickers designed to make waste collection easier, safer and more efficient. Developed with the City... 

Metso launches new screening FATP facility in Gauteng

Minerals and aggregates process solution company Metso, in partnership with specialist fabrication company Efficient Engineering, has launched its screening fabrication, assembly, testing and... 

Survey indicates insufficient infrastructure projects, calls for collaboration

According to the latest Graduate Professional Index (GPI) released by the Professional Provident Society (PPS), South Africa’s built environment and infrastructure sector is at a critical...