Menar MD pushes back on request to lower prices

Coal and manganese mining group Menar MD Vuslat Bayoğlu has pushed back on a request by Energy and Electricity Minister Kgosientsho Ramokgopa’s special adviser Silas Zimu for domestic coal... 

Domestic coal suppliers asked to lower price asked of Eskom

Energy and Electricity Minister Kgosientsho Ramokgopa’s special adviser, Silas Zimu, has implored South African coal producers to temporarily sell coal to State-owned utility Eskom at a reduced... 

Insurance M&A dealmaking up in early 2024 – PwC

Auditing firm PwC says the first half of this year saw a measured uptick in dealmaking across the insurance industry, both globally and in South Africa However, despite the emergence of a turning... 

AMSA reports R1bn third-quarter loss amid ‘particularly difficult period’

Steel producer ArcelorMittal South Africa (AMSA) has reported a headline loss of a little more than R1-billion for the third quarter. “The global and local steel market deteriorated further since... 

‘Support and commitment’ not enough to save long steel business, urgent action needed – AMSA

Government’s support for, and commitment to, addressing the removal of export tax on scrap metal, resetting the price preference system (PPS) mechanism at an appropriate level, implementing trade... 

Positive credit rating indicates stable outlook for Northam in South Africa

Credit rating agency GCR Ratings has reaffirmed Northam Platinum’s national-scale long-term and short-term credit ratings at A+(za) and A1(za), respectively, with the outlook maintained as stable.... 

Metalkol embarks on Copper Mark assurance process

Diversified miner Eurasian Resources Group’s (ERG’s) Metalkol operation, in the Democratic Republic of Congo (DRC) has officially begun the Copper Mark assurance process, in line with a letter of... 

Koryx raises $9.6m in private placement, extends offer to raise $17m

TSX-listed Koryx Copper has closed the first tranche of a previously announced non-brokered private placement on October 11, raising about $9.6-million for the sale of about 8.7-million common... 

DPWI, ISA launch project preparation bid window to expand infrastructure investment

The Department of Public Works and Infrastructure (DPWI), together with government agency Infrastructure South Africa (ISA), has opened a novel project preparation bid window to invite submissions... 

naamsa announces Accelerator Awards finalists

Industry body naamsa | The Automotive Business Council has announced the finalists for the upcoming naamsa Accelerator Awards. The winners will be announced at an inaugural event at the Cape Town... 

Global steel demand to decline by a further 0.9% in 2024 – worldsteel

The World Steel Association (worldsteel) expects global steel demand to decrease by 0.9% to 1.75-billion tonnes this year. “2024 has been a difficult year for global steel demand as the global... 

Caracal confirms receipt of $600 000 in funding

Gold producer Caracal Gold has confirmed receipt of $600 000 in funding, comprising a $500 000 financing agreement with Koenig Vermoegensverwal announced on October 1 and a $100 000 loan agreement... 

Oriole encounters several new mineralised intersections at Bibemi

As part of the fully funded Phase 5 diamond drilling programme currently under way at Aim-listed Oriole Resources’ 82.2%-owned Bibemi orogenic gold project, in Cameroon, the company has encountered... 

Neo Energy to expand its landholding in the Northern Cape

LSE- and A2X-listed Neo Energy Metals’ South African subsidiary Neo Uranium Resources South Africa (Nursa) has entered into a binding heads of agreement to acquire a 100% interest in the Henkries... 

LNG terminal enviro-impact assessment out on tender

State-owned Transnet subsidiary Transnet National Ports Authority (TNPA), in collaboration with Infrastructure South Africa (ISA) and the Industrial Development Corporation, has approached the... 

Defence industry body CEO calls for PPPs to fund SANDF projects

The CEO of the South African Aerospace, Maritime and Defence Industries association, Sandile Ndlovu, has called for the use of public-private partnerships (PPPs) to help fund defence projects in... 

Significant near-mine discoveries promise to keep Kibali going for a long time

New York- and Toronto-listed Barrick Gold has said there are significant near-mine discoveries within trucking distance of its Kibali plant in the Democratic Republic of Congo (DRC) that could... 

Msiza called upon to ‘closely monitor’ inquest into Impala accident that killed 13

The Portfolio Committee on Mineral and Petroleum Resources has called on the Chief Inspector of Mines David Mzisa to closely monitor the imminent inquest into the accident that claimed the lives of... 

DRA Global wants to delist from JSE, ASX

Mining consulting engineering company DRA Global has announced its intention to delist from both the ASX and the JSE. As part of this process, it intends to undertake an off-market equal access... 

Mondi to acquire €634m worth of assets from German Schumacher Packaging

Multinational sustainable packaging and paper producer Mondi has entered into an agreement to acquire the German, Benelux and UK corrugated converting and solid board operations of Schumacher... 

$21bn increase in off-grid solar investment needed to facilitate universal energy access

A $21-billion increase over current investment levels is required to realise the off-grid potential of solar power to contribute to universal energy access, according to the latest ‘Off-Grid Solar... 

Lotus reveals accelerated restart plan for Kayelekera uranium project

ASX- and OTCQX-listed Lotus Resources has announced an accelerated restart plan for its Kayelekera project, in Malawi, following the completion of front-end engineering design (FEED). Lotus said it... 

Sanbrado’s third-quarter output dips but is on plan

Despite a 6% quarter-on-quarter dip in third-quarter production to 47 799 oz at the Sanbrado mine, in Burkina Faso, the operations delivered according to plan, ASX-listed gold mining company West... 

Applications open for 2024 NextGen Space Challenge

Innovate UK Global Alliance Africa has officially announced the launch of the 2024 NextGen Space Challenge, a key initiative under the UK-Africa Space Technology for Sustainability Global... 

South Africa’s emissions to peak in 2024, reach decade low in 2030 – report

South Africa’s overall emissions will reach their peak this year and will be followed by a downward trend that will culminate in the lowest emissions this decade in 2030, the draft first 'Biennial... 

Aterian reports 9.25% copper sample from newly discovered mineralised zones at Jebilet Est

LSE-listed Aterian has identified several new mineralised zones at its Jebilet Est copper project in Morocco. Among these discoveries is a copper sample that returned a grade of 9.25% from isolated... 

Costco adds platinum bullion bars, coins to its online precious metals investment offering

The world’s third largest retailer Costco has added platinum bullion bars and coins to its range of precious metals investment products.  This follows the company’s initiative to sell gold bullion... 

South Africa’s reindustrialisation requires collaboration between multiple sectors

To achieve reindustrialisation in South Africa, collaboration across industries is crucial, Kearney metals and mining global lead Igor Hulak said during the second day of the Joburg Indaba, in... 

Technology adoption needs to come from the top – panel

Leadership must foster a culture of innovation across all levels of the workforce and clearly communicate the strategic rationale for the successful adoption of modern mining technologies, enabling... 

Natural diamond supply has peaked, De Beers’ Madondo says

De Beers group managed operations CEO Moses Madondo has said the supply of natural diamonds has peaked, with dwindling new discoveries on the horizon. “We must recognise that we are already past... 

1.25m coal jobs may vanish by 2035

Research firm McKinsey’s inaugural ‘Global Materials Perspective’ report shows that, while the green energy transition could generate 340 000 global jobs to scale critical minerals and metals... 

Transparent solar glass for generating power from building façades launched in South Africa

Through a collaboration between Australian glass solar technology developer ClearVue and local technology distributor Concept Business Solutions, a novel transparent glass solar panel technology... 

Corruption Watch launches Best Practice Guideline on Community Consultation for mining industry

Anticorruption nonprofit organisation Corruption Watch (CW) has launched the Best Practice Guideline on Community Consultation in the South African Extractives Industry 2024 (BPG), as part of the... 

First Mwari deployed in Mozambique returns to Wonderboom for inspection

The first Mwari precision strike aircraft deployed in Mozambique returned recently to Paramount’s aircraft production facility at Wonderboom Airport, in South Africa, for its major original... 

R273m govt-funded Orion tank farm in Gqeberha unveiled

The Orion Engineered Carbons (OEC) tank farm project, in Zone 7 of the Coega Special Economic Zone (CSEZ) in Gqeberha, in the Eastern Cape, has officially been unveiled. Trade, Industry and... 

Infrastructure rehabilitation, more exploration crucial for South African mining industry growth, Mthenjane says

Minerals Council South Africa CEO Mzila Mthenjane believes that growing the South African mining industry depends on restoring mining capacity through infrastructure rehabilitation in the short... 

Steenkamp, Baxter inducted into Joburg Indaba Mining Hall of Fame

Launched in 2016 as a way of recognising key individuals who have significantly influenced the South African mining industry over many years, the Joburg Indaba Mining Hall of Fame has inducted two... 

Decarbonisation key to achieving operational excellence in mining, metals – report

Decarbonisation is key to achieving operational excellence for metals and mining companies, professional services firm KPMG’s latest ‘Metals and Mining Outlook’ has revealed. The report, published... 

TNPA issues request for information for multipurpose terminal at Mossel Bay

State-owned Transnet National Ports Authority (TNPA) has initiated a request for information (RFI) process for a multipurpose terminal (MPT) at the Port of Mossel Bay’s Quay 4 precinct, in the... 

Impact of US election outcomes on global climate change efforts ‘overblown’, Olver says

Fears around what the outcome of the upcoming US Presidential elections will mean for the green energy transition and fight against climate change are somewhat overblown, Presidential Climate...