Metals and engineering industry taking strain

Engineering News editor Terence Creamer discusses the challenges facing the South African metals and engineering sector, as highlighted in a new report by the Steel and Engineering Industries... 

Jobin Joejoe

This week we profile Jobin Joejoe, MD for the Middle East and Africa at consumer electronics group Sony 

Ecora enters into $50m copper stream agreement over Zambia project

Critical minerals-focused royalty company Ecora has entered into a $50-million copper stream with Moxico Resources over its Mimbula mine, in Zambia, covering the mine's existing reserve-based... 

First Atlantic Nickel share price soars on new discovery at Super Gulp

The share price of First Atlantic Nickel surged 30% to C$0.32 a share on Wednesday following the announcement of a significant nickel discovery at its Super Gulp Zone in Newfoundland. The company’s... 

Liberty Gold files draft mine plan for Black Pine

US-focused Liberty Gold has reached key permitting milestones for its flagship Black Pine oxide gold project in Idaho, with the submission of the draft mine plan of operations and the execution of... 

Western acquires new processing infrastructure near Sunday Mine complex

US-focused Western Uranium and Vanadium on Wednesday reported that it had acquired new mineral processing infrastructure, located about 40 km from its Sunday Mine complex in Colorado. The company... 

Higher gold price, consistent production drive up Harmony's interim earnings

JSE-listed mining and exploration company Harmony Gold Mining Company expects to report an increase of up to 42% in its earnings per share (EPS) and headline earnings per share (HEPS), in rand... 

Rio Tinto trials renewable diesel in Pilbara operations

Mining giant Rio Tinto has successfully completed its first renewable diesel trial across its Pilbara iron-ore operations, marking a milestone in its efforts to cut emissions and integrate... 

Subsea cables need more protection as connectivity demand expands

As demand for connectivity surges, there is a need to strengthen the resilience of subsea cables – and to reconsider how this critical infrastructure is protected. Satellites and wireless networks... 

Electra Battery Materials appoints new board member

Nasdaq- and TSX-V-listed Electra Battery Materials has appointed Alden Greenhouse to the board of directors. Greenhouse is currently the VP of critical and strategic minerals for mining company... 

Loadshedding suspended following recovery of generation capacity

Power utility Eskom suspended loadshedding at 05:00 on February 26, following the recovery of generation capacity and the replenishment of emergency reserves. “We maintain our guidance that... 

Infini expands Canada uranium footprint

Australia-listed Infini Resources on Tuesday announced the acquisition of two new uranium projects in Canada's Athabasca basin, a region known for its high-grade uranium deposits. Under the terms... 

Jindalee sells stake in Dynamic Metals for A$2.75m

Lithium-focused Jindalee Lithium has sold its shareholding in ASX-listed Dynamic Metals raising A$2.75-million before costs. The transaction aligns with Jindalee’s strategy to advance its McDermitt... 

Fatal accident reported at Fortuna’s Séguéla mine

A fatal accident has occurred at Fortuna Mining's Séguéla gold mine in Côte d’Ivoire, the NYSE- and TSX-listed company reported on Tuesday. The incident took place on Monday at the contractor’s... 

OceanaGold reports high-grade gold discoveries at Haile

Toronto-listed OceanaGold has reported promising results from exploration and resource conversion drilling at the Haile gold mine in the US, highlighting high-grade gold intercepts at both the... 

FPX Nickel unveils scoping study for N American nickel sulphate refinery

Vancouver-based FPX Nickel has released a scoping study confirming the economic and strategic viability of a standalone nickel refinery in British Columbia, which would be North America’s largest... 

Loadshedding downgraded to Stage 2

Power utility Eskom downgraded loadshedding to Stage 2 from 05:00 on Tuesday, from Stage 4 on Monday. This followed the successful recovery of eight out of ten generation units and the restoration... 

Mayur upsizes placement to A$100m

ASX-listed Mayur Resources has secured firm commitments for an expanded A$100-million two-tranche institutional placement, up from its previously announced A$80-million. The first tranche raised... 

Strandline enters voluntary administration

The board of Australian mineral sands project developer Strandline Resources on Monday announced that the company had entered voluntary administration. Thomas Birch and Jeremy Nipps of Cor Cordis... 

S2 expands Victorian gold portfolio

ASX-listed S2 Resources has secured its fourth gold project in Victoria, finalising an agreement to acquire TSX-V-listed Valkea Resources' 51% interest in the Glenfine joint venture (JV). This... 

Stability in governance the linchpin of South Africa’s water security

Stable governance is essential for ensuring water security, and the success of bulk water provision is premised on stable accounting authorities, specifically boards of directors. “The consequences... 

First Nation takes legal action against McEwen Mining

The Apitipi Anicinapek Nation (AAN) has filed a lawsuit against Canada’s McEwen Mining, alleging that the company has breached its impact benefit agreement (IBA) related to the Black Fox project.... 

Piedmont reports strong Q4 results, advances Sayona merger

Nasdaq- and ASX-listed Piedmont Lithium has reported its financial results for the fourth quarter and full year of 2024, highlighting strong production performance and ongoing strategic growth... 

Gold Road reports record profit

Mid-tier gold producer and explorer Gold Road Resources has reported a record net profit of A$142.7-million for the 12-month period ended December 31, 2024. The company has declared a fully franked... 

Ascot launches up to C$65m private placement

Vancouver-based Ascot Resources has announced a best-efforts private placement offering to raise between C$60-million and C$65-million. The offering, led by Desjardins Capital Markets and BMO... 

Cabinet faced with trade-offs in new Budget

Engineering News editor Terence Creamer discusses what led to Finance Minister Enoch Godongwana being unable to deliver what was meant to have been the first Budget since the formation of the... 

Lufuno Rasoesoe

This week we profile Lufuno Rasoesoe, founder and MD of cleaning detergents manufacturer and supplier Lajoya Holdings, trading as TOSH Detergents  

AWSISA calls for establishment of “utilities of the future” to address the water, energy nexus

The African Water and Sanitation Industry Association (AWSISA) is advocating for the creation of “utilities of the future”, with water management experts such as water boards partnering... 

Pan American reports record free cash flow

Canada-based, Latin America-focused Pan American Silver has reported record free cash flow for the fourth quarter and full year of 2024, supported by strong metal prices, expanding margins, and... 

Poll shows rising support for uranium mining in WA

New polling data reveals that a majority of West Australians support lifting the state's uranium mining ban, as the global demand for the commodity continues to rise. The survey, conducted by... 

Alamos reports record production and strong margins, driving free cash flow

Toronto- and New York-listed Alamos Gold has reported a record operational and financial performance for 2024, achieving an all-time high free cash flow of $272-million while continuing to fund... 

Sentech advances mission-critical connectivity with 450 MHz spectrum exploration

Sentech is taking significant steps in advancing government mission-critical infrastructure by exploring opportunities in the 450 MHz spectrum. This strategic initiative aligns with Sentech’s... 

Wyloo, Hastings to form Yangibana rare earths JV

Billionaire Andrew Forrest’s Wyloo has entered into exclusive negotiations with ASX-listed Hastings Technology Metals to establish an unincorporated joint venture (JV) for the Yangibana rare earths... 

Caledonia appoints successor to outgoing CFO

Chester Goodburn will step down as Zimbabwe-focused gold miner Caledonia Mining Corporation's CFO on March 24 and will be succeeded by Ross Jerrard. Jerrard, aged 50, brings extensive experience in... 

Salungano CFO resigns

JSE-listed Salungano Group, which owns coal mining operations in South Africa, has announced the resignation of CFO and executive director Kabelo Maroga, with effect from February 18. Acting CFO of... 

Eskom, Natjoints collaborate to combat violent crimes against Eskom employees

Power utility Eskom says it is working closely with the National Joint Operational and Intelligence Structure (Natjoints) Energy Safety & Security Priority Committee to address the rising wave of... 

Aveng shares details of Moolmans subsidiary's R10.6bn contract at Gamsberg

JSE-listed Aveng confirmed on February 19 that its contract mining subsidiary Moolmans had concluded a new 60-month contract, valued at about R10.6-billion, at the Gamsberg zinc mine, in the... 

Fortescue secures over 90% of Red Hawk

ASX-listed Fortescue has acquired a 90.09% stake in Red Hawk Mining through its wholly owned subsidiary FMG Pilbara, triggering a compulsory acquisition process. In a market notice issued on... 

Sibanye-Stillwater flags narrowed 2024 full-year loss a share; a further $500m impairment

Multinational mining and metals processing group Sibanye-Stillwater expects to report a loss a share of between R2.45 ($0.13) and R2.71 ($0.15) for the financial year ended December 31, which would... 

Wheaton exceeds 2024 guidance, projects strong growth to 2029

Canadian streaming company Wheaton Precious Metals said on Tuesday that it had produced 633 000 gold-equivalent ounces (GEOs) in 2024, surpassing the upper-end of its guidance range of 620 000...