Platinum market to remain in surplus despite expected rise in demand – WPIC

Global platinum demand is expected to increase by 5% to 7.7-million ounces this year, owing to a significant increase in investment demand, which should offset weaker demand in the automotive,... 

New black-empowered miner Sibambene Coal searching for assets

Empowered Sibambene Coal on Tuesday announced its intention to acquire high-quality existing and greenfield coal assets in South Africa to promote inclusive growth and competition within the coal... 

Improved policy perception boosts South Africa’s investment attractiveness ranking

South Africa’s investment attractiveness has improved, primarily on the back of improved policy perception, the Fraser Institute’s 2018 mining survey, which was released on Friday, shows. Fraser’s... 

De Beers honours Diamond Beneficiators project’s first graduates

De Beers Group on Thursday night celebrated the successful conclusion of the first phase of its Enterprise Development Project for Diamond Beneficiators. Five black South African-owned diamond and... 

Auctions an efficient way to generate cash, reduce costs

The term mining auction refers to a range of disposals in the mining sector, including the disposal of scrap and/or surplus yellow equipment, assets from business rescue and/or liquidation, and the... 

State-owned AEMFC awarded PCF bid to the tune of R1bn

A consortium led by State-owned mining company African Exploration Mining and Finance Corporation (AEMFC) has been awarded the post-commencement funding (PCF) bid for Optimum Coal and its... 

Auctions an efficient way to generate cash, reduce costs

The term mining auction refers to a range of disposals in the mining sector, including the disposal of scrap and/or surplus yellow equipment, assets from business rescue and/or liquidation, and the... 

Kimberley Process must grasp opportunity to correct limitations – WDC president

As this is the final year of the Kimberley Process’ (KP’s) three-year review, the organisation must grasp the opportunity to correct failings in the system designed to prevent conflict diamonds... 

Ncondezi inches closer to concluding Tete JDA

Aim-listed Ncondezi Energy on Thursday announced that the process to conclude a binding joint development agreement (JDA) for its 300 MW integrated power and coal mine project, in Tete, Mozambique,... 

Phase 1 drilling at Thorny River completed, bulk sampling expected in Q2

Aim- and Botswana Stock Exchange-listed Botswana Diamonds on Thursday announced that the first phase of the intensification drilling programme at its Thorny River prospect, in South Africa, has... 

Solid operational performance lifts Shanta’s FY18 operating profit by 75%

Aim-listed East Africa-focused gold producer Shanta Gold on Thursday announced strong financial and operational results for the year ended December 31, 2018. The results focussed on the performance... 

Cell C COO steps in as interim CEO

Telecommunications company Cell C on Thursday announced the appointment of COO Douglas Craigie Stevenson as interim CEO, effective March 1. He will hold the position until a permanent appointment... 

Nzimande outlines Sanral projects that will benefit from R3.5bn stimulus package

Transport Minster Blade Nzimande on Tuesday revealed that the R3.5-billion set aside for transport under the Economic Stimulus and Recovery Plan would be used to supplement funding in three key... 

Cost benefits to boost mines' adoption of renewable hybrids

As various projects have demonstrated the value of renewables for reducing diesel, heavy fuel oil (HFO) and gas consumption, mining companies could now benefit from a significant cost reduction... 

Linhleko Projects, FLSmidth partner to boost Waterval chrome production by 20%

Black-owned fabrication and mining installations company Linhleko Projects this week officially launched its cooperation agreement with FLSmidth – a 50/50 profit sharing agreement in which Linhleko... 

Pan African H1 revenue up 52.8% y/y to R1.3bn

Gold miner Pan African Resources achieved a 52.8% year-on-year increase in revenue for the six months to December 31, 2018, to R1.3-billion. CEO Cobus Loots on Wednesday attributed the higher... 

State-owned AEMFC awarded PCF bid to the tune of R1bn

A consortium led by State-owned mining company African Exploration Mining and Finance Corporation (AEMFC) has been awarded the post-commencement funding (PCF) bid for Optimum Coal and its... 

Retrenchments at South32’s Hillside smelter could affect up to 500 jobs – Solidarity

Trade union Solidarity on Tuesday said it had received a retrenchment notice from South32’s Hillside aluminium smelter, in Richards Bay. The trade union stated that the retrenchment process could... 

M&R expects significant improvement in interim HEPS

JSE-listed engineering group Murray & Roberts (M&R) expects a significant improvement in total earnings per share (EPS) and headline earnings per share (HEPS) for the six months ended December 31.... 

Clough set to acquire Saulsbury’s oil and gas unit, EPC portfolio

Murray & Roberts (M&R) subsidiary Clough will acquire Houston-based engineering, procurement and construction (EPC) contractor Saulsbury’s Gulf Coast downstream and chemical business unit, as well... 

Balwin Rentals to acquire 4 544 rental apartments

JSE-listed Balwin Properties’ subsidiary Balwin Rentals has secured a right of first refusal to acquire 4 544 rental apartments that will be developed by Balwin. The developments are Greenpark,... 

Paramount secures armoured vehicle contract with UAE

South African defence and aerospace company Paramount Group has secured a contract with the United Arab Emirates (UAE) for its next generation armoured personnel carrier – Mbombe 4, which was... 

Armadale signs MoU with potential buyer of Mahenge Liandu graphite

Aim-listed Africa-focused mining investment company Armadale Capital has signed a memorandum of understanding (MoU) for a proposed offtake agreement with Chinese graphite mining and processing... 

Platreef weighted basket price reaches three-year high – Ivanhoe

Ivanhoe Mines co-chairpersons Robert Friedland and Yufeng Sun, as well as Ivanplats MD Dr Patricia Makhesha, on Monday announced that the weighted basket price of the metals contained in the... 

Yamana forecasts stable-to-positive production growth to 2020

TSX-listed Yamana Gold expects stable-to-positive production growth, with gold and silver output forecast to increase to 955 000 oz and 12-million ounces, respectively, by 2020. In the... 

Weaker prices hit Silvercorp Q3 performance

TSX-listed Silvercorp Metals, which owns and operates mines in China, on Thursday reported a net income of $8.7-million for the third quarter ended December 31 – representing a 31% year-on-year... 

Hostile construction environment to persist until infrastructure spend recovers

Construction is a depressing place to be at the moment, says Hogan Lovells partner and construction head Clive Rumsey, citing the lack of large infrastructure projects, deriving from lacklustre... 

Hostile construction environment to persist until infrastructure spend recovers

Construction is a depressing place to be at the moment, says Hogan Lovells partner and construction head Clive Rumsey, citing the lack of large infrastructure projects, deriving from lacklustre... 

Local manufacturers to benefit from Mining Charter 3's implementation

Mining Charter 3 and its Implementation Guidelines have created an environment where it is possible for local manufacturers to leverage procurement capacity to drive transformation, Department of... 

Semafo forecasts 68% production increase for 2019

TSX-listed West Africa-focused gold miner Semafo produced 244 600 oz of gold at its Boungou and Mana mines, in Burkina Faso, in 2018 – in line with its guidance of producing 235 000 oz to 265 000... 

Lonmin’s Q1 results show improved liquidity despite relatively poor performance

Platinum miner Lonmin on Friday released its unaudited first-quarter production results for the three months ended December 31, 2018, stating that its relatively poor operational performance had... 

Sasol expects higher H1 earnings, but warns of Lake Charles cost increase

Chemicals and energy company Sasol expects to report earnings per share (EPS) and headline earnings per share (HEPS) of between R23.71 and R24.16 and between R22.97 and R23.68, respectively, for... 

Katoro issues shares to settle fees, creates option for management

Aim-listed Tanzania-focused gold exploration company Katoro Gold on Friday announced the issue of options to its board of directors and the company’s management, as well as the settlement of... 

Brimstone second-guesses Clover deal following BDS outcry

JSE-listed Brimstone Investment Corporation is reviewing its participation in the proposed buyout of Clover Industries, following an outcry by human rights and Palestine solidarity organisation BDS... 

Transnet, Botswana Rail seek to unlock Botswana’s coal reserves

State-owned Transnet and Botswana Railways have resuscitated discussions on the construction of a proposed heavy-haul railway line that will link the two countries to “unlock” Botswana’s estimated... 

Indiana Resources enters into JV with Altus for majority stake in Mali gold projects

Aim-listed exploration company Altus Strategies on Thursday announced that it has signed a nonbinding term sheet for a joint venture (JV) with ASX-listed Indiana Resources. Subject to entering into... 

New floating caisson to improve productivity at Cape Town dry dock

A new, R98-million floating caisson is to be fabricated for the Sturrock Dry Dock in the Port of Cape Town, which will enable one of the biggest dry dock facilities in the Southern Hemisphere to... 

Nordgold’s new Lefa mining permit effective from March 21

Aim-listed gold producer Nordgold announced on Thursday that a new mining permit for its Lefa mine – one of Guinea’s largest gold producing mines – will be effective from March 21. The permit, as... 

Letšeng delivered record number of large diamonds for Gem in 2018

Relatively stable carat recovery and sales contributed to a strong performance for LSE-listed Gem Diamonds in the fourth quarter ended December 31. Gem on Thursday reported that it had recovered... 

Total makes significant discovery off South Africa’s southern coast

Petroleum company Total has made a significant gas condensate discovery on the Brulpadda prospects, located on Block 11B/12B in the Outeniqua Basin, the company announced on Thursday. Located 175...