Artemis plans 3.3 km drill hole in the Pilbara

ASX-listed Artemis Resources plans to drill a super-deep 3 300 m diamond drill hole on its Balmoral area, about 50 km south of its Radio Hill Mine, in Western Australia. The drill site for ASD-1... 

Pilbara to fast-track Pilgangoora development as new investor comes to play

The multi-faceted agreement signed between South Korean steelmaker Posco and Australian lithium miner Pilbara Minerals this week would strengthen the latter's balance sheet, allowing it to... 

African Rainbow Minerals expects to swing back into the black in H1

Diversified miner African Rainbow Minerals (ARM) expects its earnings a share for the six months to December 31 to improve to between 912c and 930c, compared with the basic loss a share of 134c... 

AECI mining division reports improved operating profit

Explosives and specialty chemicals group AECI's mining solutions segment's revenue declined by 2.2% to R9.7-billion in the year ended December 31, owing to lower ammonia prices and a stronger rand... 

AECI posts record HEPS for FY17

Explosives and specialty chemicals group AECI on Tuesday reported its highest recorded headline earnings per share (HEPS) to date, at 959c, for the financial year ended December 31. HEPS were up... 

Prospect starts small scale lithium carbonate production

ASX-listed Prospect Resources has started commissioning its battery grade lithium carbonate pilot plant in Kwekwe, Zimbabwe. The laboratory complex in the Kwekwe area supports the laboratory scale... 

Santos launches $750m Queensland gas project

Domestic gas supply and regional jobs in Queensland are set to gain considerably with Santos GLNG investing $900-million in upstream gas developments in Maranoa, Western Downs, Central Highlands... 

EganStreet drilling programme delivers high-grade gold

Western Australia is set to gain a new high-grade gold mine, after drilling results show ASX-listed EganStreet Resources' Rothsay project to have a 0.3 m seam containing about 159 g/t. The average... 

Iluka declares dividend, sees growth on price increases

ASX-listed Iluka Resources has recorded a 140% increase in its underlying earnings before interest, tax, depreciation and amortisation to $361-million for the year ended December 2017, with... 

More strides taken towards BK16 production - Tsodilo

The first consignment of 43 drums of concentrate from the BK16 kimberlite project, in Botswana, have been securely moved to TSX-listed Tsodilo Resources' final recovery area in its security complex... 

Alexander receives patent for cobalt leaching

Aim-listed Alexander Mining has received notification that its MetaLeach subsidiary has been granted an African Regional Intellectual Property Organisation (Aripo) patent in Zambia for a method for... 

Sylvania Platinum lowers FY production guidance, but lifts H1 profit as prices improve

Lower platinum group metal (PGM) grades across its Millsell and Mooinooi dumps during the six months to December 31, has prompted Aim-listed Sylvania Platinum to revise its full-year guidance... 

Aforo shifts focus to Burkina Faso

Australian gold miner Aforo Resources has signed a joint venture option agreement for two gold projects in Burkina Faso, including Nordgold's Niare gold project where a non-Joint Ore Reserves... 

Lucara buys digital sales platform, refreshes board

Botswana-focused miner Lucara Diamond has acquired Clara Diamond Solutions, a company whose primary asset is a secure, digital sales platform aimed at transforming how rough diamonds are sold.... 

Hulamin delivers strong FY17 sales, sees possible upside to proposed US tariff increases

The proposed aluminium import tariffs that are currently being considered by US President Donald Trump's administration could have a positive impact on South African aluminium products manufacturer... 

Basil Read shares rise as it successfully completes rights offer

JSE-listed construction company Basil Read's shares on Monday rose 4.17%, after reporting that its rights offer, aimed at raising R300-million, received full support. The company issued... 

Green shoots seen in construction industry, despite tight conditions

The South African construction sector is still facing "very tough and difficult" conditions, with the 2.5% inflation rate creating an even tighter environment, Econometrix chief economist Dr Azar... 

Big ticket items in Budget were more miss than hit - Jamine

The Budget tabled on Wednesday had a number of misses, with one of the biggest being the failure to cut government's public servant remuneration, which was set to grow by 7% a year over the medium... 

Pakistan coal-fired power project moves closer to development

The Private Power and Infrastructure Board (PPIB) of Pakistan has approved the issue of notice to proceed (NTP) and letter of intent (LoI) for a coal mine and mine-mouth power plant in Block VI of... 

Global footprint of wind turbines continued to grow in 2017

The overall capacity of all wind turbines installed worldwide by the end of 2017 reached 539 291 MW, preliminary statistics published by World Wind Energy Association (WWEA) has shown. A WWEA... 

Signs of manufacturing recovery, despite ongoing metals industry pressures

The latest preliminary production data for the metals and engineering sector, released by Statistics South Africa (Stats SA) on Thursday, reflected a slowdown in production in December, despite a... 

Solidarity still seeking payment for former Aurora employees from liquidators

Trade union Solidarity on Thursday raked up old grievances when it directed a letter to the joint liquidators of Aurora Empowerment Systems expressing its dissatisfaction with the delays in payment... 

Afrox rises above weak environment, achieves strong FY17 results

JSE-listed African Oxygen (Afrox) on Thursday reported yet another year of strong results, with revenue for the 12 months to December 31 up 6% to R5.69-billion. Headline earnings a share rose by... 

Industry, business welcomes tough Budget, but warns govt to implement promised changes

Although Finance Minister Malusi Gigaba has faced sharp criticism following the tabling of the 2018 Budget on Wednesday, particularly from opposition party, the Democratic Alliance, and the... 

SAWEA welcomes govt’s commitment to renewables

The South African Wind Energy Association (SAWEA) on Thursday appealed to President Cyril Ramaphosa, as well as to the Finance, Energy and Public Enterprises Ministers to ensure the setting of a... 

Public Procurement aligned to more stringent regulations as Bill goes to Cabinet

The Public Procurement Bill, which will be presented to Cabinet next month for gazetting for public comments, will be slightly delayed owing to the recent changes in government, an Office of the... 

Treasury allocates R6bn for drought relief measures

Citizens of towns in the Western Cape, particularly Cape Town, on Wednesday could give a sigh of relief as Finance Minister Malusi Gigaba outlined that a provisional allocation of R6-billion has... 

National Treasury makes budget cuts to assure more frugal spending

Departmental budgets have been reduced by R85.7-billion over the medium term, the National Treasury said on Wednesday, noting that cuts at the provincial level would affect conditional... 

Spatial transformation key to unlocking infrastructure, industrialisation – Gigaba

South African township businesses needed to work “imaginatively” and think beyond car washes and spaza shops to foster productive, high-value economic activity in townships, Finance Minister Malusi... 

Treasury allocates R57bn to fund fee-free higher education

Finance Minister Malusi Gigaba said R57-billion would be allocated over the coming three years to fund the fee-free higher education and training policy announced to by former President Jacob Zuma... 

Govt to fast-track finalisation of outstanding mining policy

To take advantage of the cyclical upturn in the mining sector and improved investor sentiment to boost economic growth, government needs to finalise outstanding policy and administrative reforms.... 

Social grants set to increase faster than inflation as taxes rise

The South African government has committed R259.4-billion towards social development in the 2018 Budget, with social grant payments set to increase faster than inflation to offset the effect of... 

New helicopters ordered for TNPA's Durban, Richards Bay ports

Transnet National Ports Authority (TNPA) has concluded negotiations and signed an agreement for the manufacture, supply and delivery of two new helicopters to service the Durban and Richards Bay... 

Transnet board cannot revoke its responsibility – Brown

Public Enterprises Minister Lynne Brown on Tuesday instructed State-owned Transnet to report alleged irregularities identified in an investigative report by law firm Werksmans Attorneys on the... 

Tough trading environment put Transpaco under pressure in H1

JSE-listed plastics and packaging group Transpaco reported a 4.7% fall in operating profit to R78.5-million in the six months to December 31. While in line with expectations, the company said its... 

Imperial Holdings delves into unbundling plans, reports solid H1 results

Imperial Holdings' plans for unbundling its Imperial Logistics and Motus entities, and listing them separately, are still in the works but are dependent on a number of internal and external... 

Atterbury starts construction at R800m Midrand industrial park

South African property developer Atterbury has started construction on Old Mint Park, a prime industrial development neighbouring the landmark South African Mint and fronting the N1 highway,... 

Moab Khotsong deal concluded

Harmony Gold on Tuesday said all conditions precedent to its acquisition of Moab Khotsong from AngloGold Ashanti had been met and that the transaction would become effective on March 1. "The... 

Seifsa worried about potential impact of proposed US steel import tariff increases

The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has warned that the difficulties facing the local steel industry would continue to worsen in the year ahead if the US... 

Isuzu launches standalone South African business, new mu-X utility vehicle

Isuzu Motors South Africa (IMSA) on Friday not only launched its standalone business at its manufacturing plant in Struandale, Port Elizabeth – apart from the General Motors brand, following the...