Construction starts on renewable energy project for Rio Tinto's Madagascar mine

The government of Madagascar and Rio Tinto QIT Madagascar Minerals (QMM) on December 10 celebrated the start of construction of a solar and wind energy project that will supply the ilmenite mine... 

Tongaat's shares fall on equity raise plans

JSE-listed Tongaat Hulett's share price fell by nearly 43% on Wednesday after it announced a proposed equity raise to reduce its debt to a more sustainable level. As part of the company's ongoing... 

Sars encouraged by rebuilding efforts

The South African Revenue Service (Sars) was encouraged by the measured progress in rebuilding Sars as an institution, transforming itself into a smart, modern service, Sars commissioner Edward... 

Sibanye advances buyout of Sandouville asset

Precious and green metals company Sibanye-Stillwater has signed a share purchase agreement (SPA) to acquire the Sandouville nickel hydrometallurgical processing facility from French mining and... 

Lucara reports strong third-quarter production, revenue growth

Diamond miner Lucara Diamond Corp's Karowe mine, in Botswana, produced 97 412 ct of diamonds in the third quarter ended September 30, compared with the 88 909 ct produced in the third quarter of... 

Lower PGM, gold prices result in 5% y/y decrease in Sibanye's third-quarter Ebitda

Despite a solid operational performance in the third quarter ended September 30, lower average platinum group metal (PGM) and gold prices resulted in a decrease in precious and battery metals... 

Gem lowers full-year production guidance

London-listed Gem Diamonds, which operates the Letšeng mine, in Lesotho, has lowered its production guidance for the full-year to December 31 to between 110 000 ct and 114 000 ct, compared with the... 

Sibanye expands tailings retreatment exposure through 20% stake in Australian company

JSE- and NYSE-listed Sibanye-Stillwater has entered into investment agreements to acquire a 19.99% shareholding in ASX-listed New Century Resources, which owns the Century tailings zinc retreatment... 

RBPlat's shares rise on buyout offer from Implats

Platinum group metals (PGMs) miner Royal Bafokeng Platinum's (RBPlat's) share price on the JSE rose by more than 23% on Wednesday morning after shareholders were informed that fellow PGMs miner... 

Petra records good first-quarter revenue growth

London-listed Petra Diamonds achieved good revenue growth of 48% year-on-year  to $114.9-million for the quarter ended September 30 – the first quarter of Petra's 2022 financial year. "The company... 

De Beers tightens full-year output guidance at 32m carats

Diamond miner De Beers expects to produce about 32-million carats for the full-year, which is at the lower end of its initial guidance of 32-million to 33-million carats. Reporting on its... 

Amplats reports 'strong' Q3 performance, remains on track to meet FY guidance

Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) remains on track to meet its full-year production and sales targets after a strong third-quarter performance.... 

Kazera to acquire a controlling interest in South African mineral sands company

Aim-listed investment company Kazera Global will acquire a 60% interest in Whale Head Minerals (WHM), which owns two heavy mineral sands (HMS) opportunities in the Port Nolloth/Alexander Bay area... 

DNG welcomes postponement of hearing into Karpowership's RMIPPPP award

Gas-to-power solutions provider DNG Energy has welcomed the decision of the Hight Court in Pretoria to grant its request for the postponement of an application to have the selection of Karpowership... 

Enoch Godongwana appointed Finance Minister; water, human settlements Ministries to be split

In a long-awaited Cabinet reshuffle, President Cyril Ramaphosa on August 5 announced the appointment of Enoch Godongwana as Finance Minister. This follows the resignation of Tito Mboweni. 

Sappi returns to profit in Q3 but expects $16m Ebitda impact from unrest for Q4

Pulp and paper producer Sappi has posted a profit of $18-million for the quarter ended June 30 – the third quarter of its 2021 financial year – compared with a loss of $73-million recorded in the... 

Mkango restores full ownership of Songwe Hill, raises £5.52m

Aim- and TSX-V-listed Mkango Resources will restore its ownership of the Songwe Hill rare earths project, in Malawi, to 100%, which chairperson Derek Linfield says will strengthen the company's... 

Govt renews alcohol ban, announces school closures

Amid a massive resurgence in Covid-19 infections, President Cyril Ramaphosa has announced a renewed ban on the sale of alcohol as the the country moves to an adjusted Alert Level 4 lockdown. In an... 

Botswana delivers another diamond larger than 1 000 ct

Diamond miner Lucara Diamond Corp has recovered a 1 174.76 ct diamond from its Karowe mine, in Botswana. It is the third diamond weighing more than 1 000 ct to be recovered from South Lobe of the... 

Kibo, IGES to develop portfolio of waste-to-energy projects in South Africa

The share price of JSE- and Aim-listed Kibo Energy rose by more than 7% and 3% on the JSE and LSE, respectively, on May 18, after the company announced that it had entered into an agreement with... 

Thousands register for job opportunities at NMP's Sandpiper project

More than 6 000 people have registered for future job opportunities at emerging marine phosphate miner Namibian Marine Phosphate's (NMP's) Sandpiper project, in Namibia. NMP in October launched a... 

AngloGold says will achieve strong yearly free cash flow performance

Gold miner AngloGold says it is on track to build on the robust free cash flow of $516-million in the first nine months of the year and is expected to post its strongest annual free cash flow... 

Consortium launches dashboard to give public insight into Covid-19 spread

The South African Covid-19 Modelling Consortium (SACMC) has unveiled its new SACMC Epidemic Explorer dashboard to enable the public to explore the Covid-19 epidemic data in South Africa. The... 

Pan African appoints juwi South Africa as EPC contractor for R140m Evander solar PV plant

Gold miner Pan African Resources has entered into an engineering, procurement and construction (EPC) agreement with juwi South Africa to build a 9.975 MW solar photovoltaic (PV) plant at its... 

Tirupati raises funds

Specialist graphite and graphene producer Tirupati Graphite has raised £890 000 as part of an offer to retail investors to participate in the company's initial public offering on equal terms to... 

Froneman promotes digital first strategy for mining companies

Precious metals miner Sibanye-Stillwater has undertaken a digital first approach for the organisation, with considerable value to be unlocked from a capital as well as an environment, social and... 

Koeberg Unit 2 returns to service

Unit 2 of the Koeberg nuclear power station on October 21 successfully completed its twenty-fourth outage since it first started to generate electricity. The unit is synchronised onto the... 

Festival of Motoring postponed to August 2021

Event organiser Messe Frankfurt South Africa is postponing its Festival of Motoring event to August 2021. The Festival of Motoring, presented by WesBank, is the largest automotive show on the... 

Mondelēz to add Cocoa Life symbol to its chocolate products

Global snack maker Mondelēz International has announced plans to add the message   “Helping Farmers to Grow” on its chocolate products. The company indicated that this means it will not only... 

Glencore’s DRC settlements should allay fears about asset seizure – analyst

Diversified miner Glencore’s settlement, this week, of various disputes with entities in the Democratic Republic of Congo (DRC), should allay investor concerns about the risk of a seizure of its... 

Mandate Paper 2018 to set tone for government spending – Radebe

Government will set a cap on the use of consultants, place limits on what it spends on litigation and penalise departments and State entities for bad governance by withholding transfers and... 

Trade surplus falls to R9bn in July

South Africa's trade surplus slid to R8.99-billion ($688-million) in July from a revised R10.56-billion surplus in June, data from the revenue agency showed on Thursday. Exports fell 8.7% to... 

Barclays Africa plans Kenya gold ETF listing early this year

Barclays Africa Group is preparing to list its NewGold ETF on the Nairobi Securities Exchange after receiving regulatory approval to begin trading the securities. “We expect the listing to take... 

Peak Resources sees bright future for Tanzania magnet metals project

A focus on high-value rare earths and the use of a tailor-made beneficiation process bodes well for Tanzania-focused Peak Resources. The ASX-listed company is developing the Ngualla rare earths... 

Time to file tax returns

Tax filing season is due to start in less than 12 hours, and although thousands of taxpayers are already prepared, others have not yet given a thought to filing their tax returns when the South... 

Eskom implements stage 1 load-shedding

Eskom has announced that it will implement stage 1 load-shedding from 17:00 on Friday, which is likely to continue until 22:00 this evening. "This is due to increased electricity demand and a... 

Applications open for African entrepreneurship prize

African entrepreneurs under the age of 22 have until April 15 to submit applications for the fifth Anzisha Prize, which aims to identify Africa’s most exciting young social and business entrepreneurs. 

Star Fish – Top 10 sustainable fish

In this surprisingly funny, surprisingly fascinating read, author Daisy Jones takes you on an epic road trip to meet the farmers, conservationists, fishermen and scientists who will protect the top... 

Glencore's Mopani warns of possible investment cuts, job losses as VAT refunds withheld

The CEO of Zambia-focused Mopani Copper Mines has warned that the withholding of value-added tax (VAT) refunds due to copper mining companies by the Zambian government, may negatively impact the... 

Rand flat but vulnerable to more weak data

South Africa's rand was largely flat against the dollar on Tuesday but could come under pressure ahead of the Reserve Bank's latest quarterly bulletin, which is expected to show a sizeable widening...