Central banks support gold; silver ETFs surge; platinum faces cost and trade challenges – report

Central banks continue to underpin gold demand, while investors are seeing value in silver as well, precious metals trader Heraeus said in its latest precious metals appraisal published on July 7.... 

Blencowe receives additional $750 000 tranche towards Orom-Cross development

London-listed Blencowe Resources has received a further $750 000 tranche of grant funding from the US International Development Finance Corporation (DFC), bringing total funds received under the... 

Creecy reveals targets, highlights progress on transport sector turnaround

Transport Minister Barbara Creecy has outlined six targets that will guide the Department of Transport’s (DoT’s) work over the next few years to transform the passenger, freight, and aviation... 

Hudaco CEO pleased with company’s turnover amid ‘tough’ operating environment

Although JSE-listed industrial and automotive parts distributor Hudaco endured a difficult six months to May 31, CEO Graham Dunford is pleased that the company managed to achieve a turnover of... 

FDI flows into Africa rose by 75% to $97bn in 2024 – Unctad

The latest ‘World Investment Report’ from UN Trade and Development (Unctad) highlights a significant rebound in foreign direct investment (FDI) inflows to Africa. In 2024, foreign investment in the... 

Alphamin ends second quarter with net cash of $50m

TSX-V- and JSE-listed Alphamin Resources ended the second quarter to June 30 with a net cash position of $50-million, an improvement of $52-million from a net debt position of $2-million at the end... 

Many Peaks expands Côte d’Ivoire footprint through earn-in deal for Ferké South project

ASX-listed Many Peaks Minerals’ subsidiary Ferke South Holdings has entered into a binding agreement with Magic Mineral Structure (MMS) to secure exclusive rights to earn up to an 80% ownership... 

Peak Minerals raises A$3.5m through strategic placement

ASX-listed Peak Minerals has received a firm commitment to raise A$3.5-million through a strategic placement to a European-based investor at an issue price of $0.035 a share. The issue price is... 

Mkango announces proposed merger with US firm

Aim- and TSX-listed Mkango Resources has announced that its subsidiary, Lancaster Exploration, along with other related entities, will merge with US-listed special purpose acquisition company Crown... 

Drilling results at Kibali extend scale, life-of-mine

NYSE- and TSX-listed Barrick Mining Corporation reports that drilling results from the ARK-KCD corridor at its Kibali gold mine, in the Democratic Republic of Congo (DRC), serve to strengthen... 

Intrepid expands Corral copper project through land acquisitions

TSX-V- and OTCQB-listed Intrepid Metals has announced the strategic expansion of its Corral copper property in Cochise County, Arizona, in the US, through the acquisition of an additional four... 

If export taxes, PPS are relaxed, domestic scrap metal resources will fail to meet demand, Coega Steels director says

South Africa’s ferrous scrap metal resources may fail to meet domestic demand should either the export tax thereon or provisions of the Price Preference System (PPS) be relaxed, electric... 

Lupaka wins ICSID dispute against Peru over gold project

International disputes firm LALIVE has announced that it has won a legal dispute for its client Lupaka Gold in arbitration proceedings against Peru under the auspices of the International Centre... 

Standard Bank, Sacci launch KwaZulu-Natal Export Readiness Programme for SMEs

Standard Bank Business and Commercial Banking, in partnership with the South African Chamber of Commerce and Industry (Sacci), has launched the Export Readiness Programme to provide support to... 

Metso to deliver process equipment to Twin Hills

Exploration and development company Osino Resources has awarded process technology company Metso with an order for the delivery of key process equipment for its Twin Hills gold project, in central... 

Railveyor chosen as preferred haulage solution at Santa Cruz copper project

Railveyor Technologies Global has been selected as the preferred haulage solution provider for Ivanhoe Electric’s Santa Cruz copper project, in Arizona, in the US. Ivanhoe Electric included... 

AfDB approves $474.6m loan for green South Africa's Infrastructure Governance and Green Growth Programme

The African Development Bank (AfDB) has approved a $474.6-million loan for South Africa's Infrastructure Governance and Green Growth Programme (IGGGP). This IGGGP is the second phase of the bank's... 

Itac imposes 52.34% duty on corrosion-resistant steel coil, raises transformer core customs duty

The International Trade Administration Commission of South Africa (Itac) has requested the South African Revenue Service (Sars) to impose a provisional safeguard duty of 52.34% of the value of... 

Auric Mining buys land package from WIN Metals to facilitate Munda gold mine

ASX-listed Auric Mining has reached an agreement with fellow listed WIN Metals to acquire a package of assets related to its Munda gold mine, in Western Australia. The transaction includes all... 

600 workers to be retrenched when Cato Ridge Works plant closes end of August

JSE-listed African Rainbow Minerals (ARM) has announced that all employees at the joint venture Cato Ridge Works (CRW), in KwaZulu-Natal, will be retrenched with effect from August 31, following a... 

Sars records trade balance surplus of R21.7bn in May

According to the South African Revenue Service (Sars), South Africa recorded a preliminary trade balance surplus of R21.7-billion in May, which was attributable to exports of R175.7-billion and... 

PRO Alliance restructured into five strategic pillars

The Producer Responsibility Organisation (PRO) Alliance – of which metal packaging PRO MetPac-SA is an active member – has been restructured into five strategic pillars: waste picker integration;... 

Exxaro warns of coal production, sales decline amid rail disruptions, weak export demand

JSE-listed Exxaro Resources has warned that its coal production, including buy-ins, and sales volumes for the first half of this year are projected to decline by 6% and 7% respectively, primarily... 

GNU has made decent progress, but political instability now threatens economy

While the Government of National Unity (GNU) has made headway in several key areas, Business Leadership South Africa CEO Busisiwe Mavuso has voiced concern over the lack of progress on improving... 

World Bank warns of deepening poverty in conflict-hit economies

Conflict and instability are taking a toll on 39 affected economies, driving extreme poverty faster than anywhere else, worsening acute hunger, and pushing key development goals farther out of... 

TNPA issues RFP for Port of Ngqura terminal operator

State-owned Transnet National Ports Authority (TNPA) has issued a request for proposals (RFP) for the appointment of a terminal operator to fund, design, develop, construct, operate, maintain and... 

Barrick signs equipment deal with Komatsu for Reko Diq

Barrick Mining and Komatsu have finalised an agreement for the delivery of primary mining equipment to Barrick’s Reko Diq copper-gold project in Pakistan, starting in 2026. The $440-million deal... 

Kavango begins construction of 50 t/d gold processing plant at Bill’s Luck

LSE-listed Kavango Resources has started construction of a 50 t/d carbon in pulp (CIP) gold processing test plant at the Bill's Luck gold mine at the Hillside gold project in Zimbabwe. Further to... 

Tùsaire collection demonstrates 3D-printed platinum jewellery potential

Platinum Guild International (PGI) has highlighted the Tùsaire collection, created by Scottish-American jewellery designer Maeve Gillies using 3D-printing technology, as the first platinum-based... 

Local automakers know they need to decarbonise but lack understanding of how to manage emissions

A recent study conducted by naamsa | The Automotive Business Council and Nedbank revealed that 60% of respondents were aware of the need to decarbonise, especially in light of the EU’s Carbon... 

WGC on the warpath to digitise, standardise gold market to enhance trust, transparency

World Gold Council (WGC) CEO David Tait has highlighted how the council is addressing four major challenges in the digitisation and standardisation of the gold market, namely a lack of trust, poor... 

Zimplats says cheapest source of electricity is its own

For platinum group metals (PGMs) miner Zimplats, generating its own energy is far more cost-effective than buying power from local suppliers or importing it from across the border, CEO Alex... 

Gold mining in emerging markets has enabled Harmony’s expansion in Australian copper

The good momentum at Harmony Gold Mining Company’s South African and Papua‑New Guinean operations has enabled the company to replace ounces and grow the company. Even with the funding of the... 

Lanseria CEO announces several major airport upgrades

Lanseria International Airport, in Gauteng, is undergoing a period of transformation and forward-looking development, which will see several major upgrades to the airport’s infrastructure and... 

GoviEx expands exploration programme in Zambia

GoviEx Uranium has announced the launch of the 2025 field season at the Muntanga uranium project, in Zambia. Following four years of work that culminated in a positive feasibility study with a... 

Oriole publishes positive drill results for Mbe

Aim-listed Oriole Resources has announced further positive drill results at its 90%-owned Mbe orogenic gold project, in Cameroon, including the start of a Joint Ore Reserves Committee- (Jorc-)... 

Bill’s Luck gold resource ‘significantly bigger’ than originally thought, Kavango CEO reveals

LSE-listed Kavango Resources has discovered new gold-bearing structures at the Bill's Luck gold mine, at the Hillside project, in Zimbabwe. Kavango has been mining gold at Bill's Luck since August... 

Fedhasa welcomes announcement of online instant visa system

The Federated Hospitality Association of South Africa (Fedhasa) has welcomed the announcement by the Department of Home Affairs that South Africa’s first online instant visa system, incorporating... 

Trial production begins at Wesizwe Platinum’s processing plant

Trial production at Wesize Platinum’s processing plant at the Bakubung platinum mine, in the North West, officially began on June 18, the company has announced. The plant, designed to process both... 

Pensana signs MoU with ReElement Technologies, American Resources Corporation

Rare earths mining and processing company Pensana has signed a memorandum of understanding (MoU) with Nasdaq-listed American Resources Corporation and US critical mineral refiner ReElement...