Pensana notes positive market developments as NdPr prices rise

Rare earth prices have risen strongly following the US government’s agreement with MP Materials setting a price of $110 000/t of neodymium and praseodymium (NdPr) and the Chinese government banning... 

FQM commissions S3 Expansion project in which it invested $1.25bn

Zambian President Hakainde Hichilema has officiated the commissioning of the S3 Expansion project at First Quantum Minerals’ (FQM’s) subsidiary, Kansanshi Mining, following a $1.25-billion... 

Transnet hosts yearly supplier day workshop

State-owned Transnet on August 19 held its yearly supplier day workshop, during which a “comprehensive but not exhaustive list” of procurement opportunities for suppliers across the entity’s... 

Thor Explorations announces high-grade mineralisation intersections at Nigeria project

Minerals exploration and mining company Thor Explorations has announced further positive results from an advanced diamond drilling programme at its Segilola gold mine, in Nigeria, which is... 

Hulamin in talks to possibly sell its extrusions business

JSE-listed Hulamin has issued a cautionary announcement to shareholders, indicating that it has entered into negotiations regarding the potential disposal of Hulamin Extrusions. Hulamin Extrusions... 

Orion raises A$1.93m, with strong South African investor support

JSE- and ASX-listed Orion Minerals’ share purchase plan (SPP), which closed on August 12, has raised A$1.93-million, or about R22.2-million. Under the SPP, each eligible shareholder was entitled to... 

Kavango encouraged by Botswana exploration progress

London-listed Kavango Resources is encouraged by a recently completed ground geophysical programme at the company’s Karakubis copper project, in Botswana’s Kalahari Copper Belt (KCB), part of its 6... 

Electricity Minister lauds Seriti Green’s Ummbila Emoyeni renewable-energy project

Electricity and Energy Minister Dr Kgosientsho Ramokgopa on August 14 visited Seriti Green’s flagship Ummbila Emoyeni renewable-energy project in Mpumalanga, highlighting it as an exemplar for the... 

Botswana Diamonds awarded AI-identified acreage

London-listed Botswana Diamonds has been awarded four prospecting licences in Botswana following an extensive country-wide AI-driven exploration programme which generated several highly prospective... 

Eastplats’ interim financial performance drops

TSX- and JSE-listed Eastern Platinum’s (Eastplats’) revenue for the second quarter ended June 30 decreased to $10.7-million from $18.8-million in the second quarter of 2024, representing an... 

Qing Yu steps down from Wesizwe Platinum board

Qing Yu has decided to step down from her position as a nonexecutive director of JSE-listed Wesizwe Platinum with immediate effect. The board has extended its appreciation to Yu for her commitment... 

Re-evaluation at Galileo’s KCB licences confirms copper in drillholes

London-listed Galileo Resources is “very pleased” with the outcome of the re-evaluation of its previous holes on Kalahari Copperbelt (KCB), CEO and chairperson Colin Bird says. Given that various... 

Rosebank Mall launches energy project

Retail-focused real estate investment trust Hyprop Investments on August 12 launched the Rosebank Mall energy project, an integration of solar PV, battery storage, grid supply and generator backup,... 

Blencowe conditionally raises £290 000 to settle Uganda tax liability

London-listed Blencowe Resources has conditionally raised £290 000 through the issue of 7.25-million new ordinary shares, with this placing undertaken by Tavira Financial, and limited to two... 

Thor Explorations records strong interim performance, says exploration progressing

Aim- and TSX-V-listed Thor Explorations recorded a good operational performance for the second quarter and first half ended June 30, president and CEO Segun Lawson says in an operational and... 

Outa recommends public hold off on SSEG registration for now

Nonprofit the Organisation Undoing Tax Abuse (Outa) says it held a “constructive” meeting with Eskom Distribution management on August 8 regarding compliance and registration requirements for... 

Implats expects increase in full-year basic EPS, but lower HEPS

JSE-listed Impala Platinum (Implats) expects to report an improvement in basic earnings per share (BEPS) for the year ended June 30, but warns that headline earnings per share (HEPS) are expected... 

Zanaga reports improved targeted economics for Congo-Brazzaville project

Aim-listed Zanaga Iron Ore Company has reported a material improvement in the targeted economics at its flagship Zanaga project, in Congo-Brazzaville, driven by the ability to produce a high-grade... 

Sovereign Metals confirms mining method, fleet design for Malawi

Aim- and ASX-listed Sovereign Metals has confirmed the mining method and completed the mining fleet design for the Kasiya rutile/graphite project, in Malawi, representing another significant... 

Gemfields sells Fabergé for $50m

Gemstone miner Gemfields has signed an agreement to sell its entire interest in wholly-owned luxury brand Fabergé to SMG Capital for $50-million. Of that sum, $45-million is payable to Gemfields by... 

Caledonia reports strong second quarter

NYSE- and Aim-listed gold miner Caledonia Mining delivered a strong quarter ended June 30, with record second-quarter gold production at its Blanket mine, in Zimbabwe, and a considerable increase... 

Redefine commemorates three new net-zero carbon certifications from the GBCSA

JSE-listed real estate investment trust (Reit) Redefine Properties has been awarded three new Net Zero Carbon Level 2: Building and Occupant Emissions (Measured) certifications by nonprofit the... 

Sanral signs R7bn loan deal with New Development Bank

The South African National Roads Agency Limited (Sanral) on July 22 signed a R7-billion loan agreement with multilateral development bank the New Development Bank (NDB) to support the agency’s... 

Transnet, Hotazel Manganese Mines sign 10-year export agreement

State-owned Transnet and Hotazel Manganese Mines (HMM), a joint venture operated by a wholly-owned subsidiary of South32, have signed a ten-year contract under the third phase of the Manganese... 

Sappi’s third-quarter performance hampered by challenging conditions

Paper and pulp manufacturer Sappi reported a loss of $33-million for the third financial quarter of the year, compared with the profit of $51-million reported for the third quarter of its 2024... 

Jubilee progressing Zambia strategy

Diversified metals producer Jubilee Metals has reported significant progress across its Zambia portfolio, which has in place all the assets the company needs to maintain the momentum on its copper... 

Standard Bank highlights solutions to derisk infrastructure project in Africa

Infrastructure development serves as an essential foundation for economic growth across the continent, but projects in African markets encounter distinct challenges and, therefore, the effective... 

JSE delivers strong interim performance

The JSE delivered a strong first-half performance, with net profit after tax for the six months ended June 30 up 13.2% year-on-year to R557.8-million, group CEO Leila Fourie says in a statement... 

Rio Tinto reports progress in achieving global tailings management standard conformance

Diversified miner Rio Tinto chief technical officer Mark Davies says the group has worked hard over the past five years to bring its tailings facilities into conformance with the Global Industry... 

Askari complete technical due diligence at Ethiopia project

ASX-listed Askari Metals has completed technical due diligence on the Nejo gold and copper project, in Ethiopia, a key condition precedent for settlement of the acquisition, subject to shareholder... 

Lotus receives ESIA certificate for Kayelekera mine

ASX-listed Lotus Resources’ 85%-owned subsidiary Lotus (Africa), the owner of the Kayelekera uranium project, in Malawi, has received the environmental- and social-impact assessment (ESIA)... 

Implats improves units costs during full-year, but production volumes decrease

JSE-listed Impala Platinum (Implats) says it delivered a “commendable” performance across its mining and processing assets for the full-year ended June 30. Unit costs benefitted from easing input... 

Registrations open for Mintek-Science Convention for Innovators

National mineral research organisation Mintek has called on young researchers to register for the second yearly Mintek-Science Convention for Innovators (SCi), a national platform for emerging... 

Canyon completes first drawdown from credit facility to progress Cameroon project

ASX-listed Canyon Resources has completed the first drawdown from its $140-million credit facility with AFG Bank Cameroon after satisfying the required drawdown conditions, with the initial... 

Mpact’s interim trading, profitability impacted by challenging trading environment

Paper and plastics packaging business and recycler Mpact says it continued to face a persistently challenging trading environment during the six months ended June 30, resulting in trading and... 

FlySafair, Solidarity reach agreement

After 12 days of lockout and strike action by FlySafair pilots, an agreement has been reached between the airline and trade union Solidarity, following mediation by the Commission for Conciliation,... 

South Africa records preliminary trade balance surplus in June – Sars

South Africa recorded a preliminary trade balance surplus of R22-billion in June, the South African Revenue Services (Sars) reports. This surplus was attributable to exports of R170.7-billion and... 

DFFE welcomes renewable energy research project

Forestry, Fisheries and the Environment Minister Dr Dion George has applauded the launch of the Communities and the Private Renewable Energy Sector: Distributing Social Development Benefits in... 

FFF Carbon to host responsible coal-fired power generation discussion

As part of its Colloquia in Energy, Economics and the Environment, nonprofit organisation FFF Carbon will host its first series, “Power Generation: Opportunities for responsible coal-fired power... 

Two Copper 360 directors resign from board amid restructuring process

Gordon Thompson and Quinton Adams have resigned from the board of JSE-listed Copper 360 with effect from July 31, as a consequence of the company restructuring its management, operational and...