South Africa raises R11.8bn in first Infrastructure and Development Finance Bond

The National Treasury has successfully raised nearly R11.8-billion through South Africa’s inaugural Infrastructure and Development Finance Bond, marking a major step in financing priority public... 

Blencowe signs new graphite offtake MoU with Yunasko

London-listed Blencowe Resources has signed a new nonbinding memorandum of understanding (MoU) for natural medium-flake graphite offtake from its Orom-Cross project, adding energy storage company... 

There is no diplomatic problem with the US, Godongwana proclaims

“There's no diplomatic problem with the US, as far as I know,” Finance Minister Enoch Godongwana has said during a pre-World Economic Forum (WEF) Annual Meeting breakfast, in Johannesburg, on... 

Gemfields reports $25.4m result at year-end commercial emerald auction

Gem producer Gemfields reported $25.4-million in revenue from its November to December auction of commercial-quality rough emeralds, closing the year’s sales with one of the company’s strongest... 

ARM Empowerment Trust reports rural development gains, R116m investment

The African Rainbow Minerals (ARM) Empowerment Trust has reported substantial rural development progress across seven provinces this year and confirmed during its yearly stakeholder meeting, held... 

Askari Metals secures $1.15m, adds new director to advance African exploration

ASX-listed Askari Metals has secured $1.15-million in new funding and appointed a new board member as it moves to accelerate exploration across its projects in Ethiopia and Namibia. The company... 

Energy jobs rise but labour shortages threaten future projects – IEA

Strong investment in power infrastructure drove a 2.2% increase in global energy employment in 2024, but rising labour shortages now pose a risk to future project delivery, according to the... 

South Africa’s manufacturing confidence improves in fourth quarter despite ongoing challenges

Business confidence in South Africa’s manufacturing sector rose significantly in the fourth quarter, according to the latest Absa Manufacturing Survey, signalling cautious optimism among... 

Kazera Global raises £1.6m

Aim-listed Kazera Global has closed its retail share offer, bringing in £262 407 and lifting the total proceeds from its latest fundraising activities to £1.6-million. The investment company, which... 

Menlyn Office Park redevelopment begins with R850m housing project

Construction has begun on an R850-million residential redevelopment at Menlyn Office Park in Pretoria, Gauteng, which will add 1 200 apartments to the Menlyn node through a new partnership between... 

Africa urged to leverage critical minerals through partnerships, infrastructure, value addition

Africa will only capture meaningful economic value from rising global demand for critical minerals if it strengthens partnerships, improves infrastructure, ensures regulatory certainty and expands... 

Galileo starts drilling at Zambia project

Aim-listed Galileo Resources has started drilling at the Molefe copper project, in Zambia, following the signing of a conditional cooperation and project development agreement with Jubilee Metals... 

NexMetals secures full ownership of Selebi, Selkirk assets after completing $25m payment

TSX-V- and Nasdaq-listed NexMetals Mining has completed the contingent milestone payment of $25-million to the liquidator of former Botswana State-owned mining company BCL, giving the company full... 

Hamak signs binding deal to buy Ghana gold project

London-listed Hamak Strategy has signed a binding term sheet, giving it exclusive rights to acquire the Akoko gold licence, a project in Ghana containing more than 250 000 oz of defined gold, as... 

Engineering execs warn that policy failures, weak accountability are deepening the infrastructure crisis

South Africa’s infrastructure recovery will continue to stall unless government, industry and professional bodies shift from problem-identification to concrete implementation, engineering... 

Shuka Minerals confirms December funding for Zambian acquisition

Aim- and AltX-listed Shuka Minerals has announced that it will receive the remaining funds required to complete its acquisition of Leopard Exploration and Mining (LEM) and the Kabwe zinc mine in... 

Nonprofit wins humanitarian award for work with rural youth

Nonprofit organisation iButho Le Africa (iLA) founder Mpumi Masinga was awarded the Humanitarian Award at the tenth Steel and Engineering Industries Federation of Southern Africa (Seifsa) Awards... 

Manufacturing PMI drops sharply in November

South Africa’s seasonally adjusted Absa Purchasing Managers’ Index (PMI) fell by 7.2 index points to 42 in November, with Absa reporting that the decline was driven by deteriorations in four of the... 

CEF mourns sudden death of a director

The Central Energy Fund (CEF) has conveyed its regret at the sudden passing of director Unati Figlan, who also served as the chairperson of legacy entities PetroSA, Strategic Fuel Fund and iGas.... 

Global bauxite production outlook lowered for 2025

Global bauxite production growth is expected to slow to 2% this year, reaching 451.3-million tonnes, after forecasts were revised down by BMI – A Fitch Solutions company – in its ‘Global Bauxite... 

Jubilee signs development agreement with Galileo to accelerate Zambia’s Molefe mine

Johannesburg- and London-listed Jubilee Metals Group has signed a cooperation and project development agreement with Galileo Resources to accelerate exploration and development at the Molefe mine,... 

A2X retains 40 issuers after FSCA process concludes

South African alternative stock exchange A2X Markets has retained 40 of the 43 companies listed through its 2023 opt-out admission process following the conclusion of its 90-day enforceable... 

Copper Mark, SSI sign collaboration agreement on responsible copper sourcing for solar sector

The Copper Mark and the Solar Stewardship Initiative (SSI) have signed a memorandum of understanding that establishes a framework for collaboration aimed at promoting responsible production and... 

Pan African advances Soweto tailings retreatment project at MTR

JSE-listed Pan African Resources has identified a preferred option to expand gold production by processing its Soweto tailings storage facilities (TSFs) through a 600 000-t-a-month integrated... 

Metals One commits $1.8m to Lions Bay Resources for South African gold roasting plant

Aim- and OTCQB-listed Metals One has announced a strategic investment of up to $1.8-million in South African private company Lions Bay Resources (LBR) through convertible loan notes (CLNs). The... 

Andrada reports higher production, stronger revenue, reduced operating loss

Aim- and OTCQB-listed Andrada Mining has reported improved operational and financial performance for the six months ended August 31, with higher production, increased revenue and a reduced... 

South African coalition submits petition to Parliament over Anglo Teck merger

The 100-Year Debt Campaign’s national petition to South Africa’s Parliament, calling for oversight of Anglo American’s proposed restructuring and its merger with Canada’s Teck Resources, has... 

Rome Resources launches £200 000 share placing to fund DRC drilling

Aim-listed Rome Resources has announced plans to raise £200 000 through a placing of 100-million new ordinary shares, primarily to JLE Group, to support additional drilling on its Kalayi and Mont... 

Atlantic Lithium closes first £1m placement, triggers second £2m raise with Long State

Lithium exploration and development company Atlantic Lithium has received the outstanding £1-million from Long State Investments to complete the initial share placement agreed under their September... 

Parliament Committee backs mining cadastre but flags licensing delays, data concerns

Parliament’s Portfolio Committee on Mineral and Petroleum Resources has endorsed the Mining Cadastre System following its pilot phase in the Western Cape, while cautioning that significant issues... 

Eskom cuts R1.6-billion claim down to R580-million in final Kusile settlement

State-owned utility Eskom has confirmed the successful resolution of a long-standing commercial dispute that began in 2022, with the Stefanutti Stocks Basil Read (SSBR) joint venture (JV) relating... 

WAF resumes trading after confirming constructive talks with Burkina Faso over Kiaka stake

Gold miner West African Resources (WAF) says its securities should return to trade after the company confirmed it is in full compliance with ASX listing rules and released details of ongoing... 

S&P upgrades Eskom’s credit ratings amid turnaround progress

State-owned utility Eskom has welcomed S&P Global Ratings’ decision to upgrade the company’s foreign and local currency long-term credit ratings from B to B+, with a stable outlook. The upgrade... 

Rainbow selects solvent extraction for final separation at Phalaborwa

Rainbow Rare Earths has chosen solvent extraction (SX) as the final separation method for its Phalaborwa rare earths project, in Limpopo, a decision the company says removes a key uncertainty in... 

Kimberley Process fails to reach consensus on redefinition of conflict diamonds

The World Diamond Council (WDC) has expressed “profound regret” that a small number of Kimberley Process (KP) participants blocked consensus on the long-awaited reforms it said was designed to... 

Stefanutti Stocks lifts interim profit as order book surges to R13.4bn

JSE-listed Stefanutti Stocks has reported a stronger interim performance for the six months to August 31, supported by improved profitability and a sharply higher order book of R13.4-billion. The... 

Renowned South African geologist Dr Richard Viljoen passes away

Former Geological Society of South Africa (GSSA) president and renowned geologist Dr Richard Viljoen passed away on the eve of November 22 following heart surgery. Viljoen was GSSA president in... 

Cesa limits management development training programme to maintain quality

Consulting Engineers South Africa (Cesa) has announced that enrolments for its 2026 Business of Consulting Engineering Management Development Programme (BCE MDP) will be limited to 30 participants.... 

Invicta lifts earnings, cash reserves despite weak industrial conditions

JSE- and A2X-listed industrial investment group Invicta Holdings has reported a rise in headline earnings and stronger cash reserves for the six months ended September 30, delivering a 15% increase... 

Kropz Elandsfontein reports record production in September

Aim-listed phosphate producer Kropz has reported record production at its Elandsfontein operation, in South Africa, in September, with 34 070 t of phosphate concentrate extracted. The company...