Rail infrastructure thieves receive lengthy prison sentences

State-owned Transnet Freight Rail (TFR) has welcomed the conviction and sentencing of four people arrested in connection with the theft and damage of essential Transnet infrastructure that... 

Sibanye secures €500m green loan to develop its Keliber lithium project

JSE- and NYSE-listed Sibanye-Stillwater has executed a €500-million green loan financing facility for its Keliber lithium project, in Finland, through its subsidiary Keliber Technology Oy. The... 

Railway operators urged to consider cost and quality of locally manufactured rolling stock

Although the Southern African Development Community is able to manufacture, maintain, repair and upgrade rail rolling stock to high standards, the high costs of local manufacturing are driving... 

Zimplats' revenues fall on softer metal prices

Platinum miner Zimplats has reported a 20% year-on-year decrease in revenue, dropping from $962.3-million at the end of the 2023 financial year to $767.1-million at the close of the 2024 financial... 

Altona appoints new chairperson

London-listed rare earth elements exploration and development company Altona has appointed Simon Charles chairperson, with immediate effect. Charles is a Marriott Harrison solicitor and senior... 

Aveng demerger signals possible exit from South African market

Construction, engineering and contract mining group Aveng has outlined plans to split its Australian and South African operations into two separate and independent entities. This demerger, which... 

Kamoa-Kakula’s Phase 3 concentrator reaches commercial production

Dual-listed Ivanhoe Mines’ Phase 3 concentrator at the Kamoa-Kakula Copper Complex, in the Democratic Republic of the Congo (DRC), has reached commercial production, the company announced on August... 

Thungela’s underwhelming interim results attributed to coal price dips, rail inefficiencies

Coal producer Thungela has blamed an unfavourable price environment across the Richards Bay and Newcastle Benchmark coal prices, together with the continued underperformance by State-owned Transnet... 

Cape Town Container Terminal brings its total hauler fleet up to 47

The Cape Town Container Terminal has completed the recruitment of hauler drivers in time for the arrival of 32 new haulers early this month – bringing the total of the terminal’s new fleet to 47... 

Madison CEO urges investors to buy uranium equities while prices are low

Uranium resource developer Madison Metals CEO Duane Parnham has urged investors to take advantage of the low price of uranium equities before it starts to rise again. “Uranium equities have... 

New study evaluates potential for nitrogen interventions to combat climate change

An international research team has combined multidisciplinary methods to evaluate how nitrogen interventions could improve air quality and reduce nitrogen deposition. The study, published in... 

Master Drilling warns of lower earnings ahead of interim results release

JSE-listed Master Drilling has warned that its earnings per share (EPS) for the six months ended June 30 are expected to be between 6c and 40.3c a share – between 76.5% and 96.5% lower than the EPS... 

Aggressive scrap metal policies should be based on transparent data, not conjecture, expert says

Significant alterations to existing scrap metal regulations and outright bans – albeit temporary – on the trade of certain scrap metals should not be made without access to transparent and accurate... 

Capital’s interim revenue up 9.8% y/y

Mining services company Capital has announced first-half revenue of $169.4-million, marking a 9.8% increase from $154.3-million in the 2023 interim period. The company's full-year revenue guidance... 

Aura completes restructuring of offtake agreement with Curzon

ASX- and Aim-listed Aura Energy has completed the restructure of its uranium offtake agreement with Curzon Uranium, which has increased the price receivable for planned uranium production at the... 

More investment in copper production outside of China needed

Copper demand is expected to rise by 75% to 56-million tonnes by 2050, necessitating substantial investment, a new report by data analytics firm Wood Mackenzie shows. The firm says that, as major... 

Renergen says 'relevant' authorities have found no corporate governance wrongdoing

ASX- and JSE-listed Renergen says it has been cleared of any wrongdoing following an investigation into allegations levelled at the company over the past few months regarding potential... 

Eyes, ears still the most vulnerable to occupational harm, expert says

Eyes and ears remain the most frequently injured body parts of workers claiming compensation for occupational injuries and diseases in the South African mining and industrial sectors, insurance... 

Transnet initiates investigation into Fidelity security tender award

State-owned Transnet has commissioned an investigation to determine the facts and associated circumstances with regard to recent allegations in the media casting doubt on the integrity pertaining... 

Higher gold price boosts DRDGOLD’s full-year revenue

JSE-, ASX- and NYSE-listed DRDGOLD has reported a 14% year-on-year increase in revenue to about R6.24-billion for the financial year ended June 30, which the company said was mainly owing to a 20%... 

Over-subsidisation compensating for industrial policy failures, economist says

Trade and Industrial Policy Strategies (TIPS) senior economist Nokwanda Maseko has complained that the State is overcompensating and providing too many subsidies to make up for industrial policy's... 

Processing operations under way at Tirupati’s Vatomina graphite project

Following the start of full-scale mining operations at Vatomina, in Madagascar, on July 28, specialist flake graphite company Tirupati Graphite confirmed on August 13 that processing operations... 

First copper concentrate produced from Jubilee’s Roan front-end module

Diversified metals producer Jubilee Metals has announced the first production of copper concentrate from the front-end module at its Roan concentrator facility in Zambia. The copper concentrate... 

NextSource appoints new downstream operations executive VP

TSX- and OTCQB-listed NextSource Materials has announced the appointment of Dr Tilo Hauke as downstream operations executive VP, effective October 1. Hauke joins NextSource from US- and... 

PPC signs agreement for solar energy at its Slurry, Dwaalboom plants

Cement manufacturer PPC has partnered with renewable-energy project developer Sturdee Energy for the construction and management of two 10 MW solar plants to provide supplemental power for PPC’s... 

Lucara sold 76 387 ct during the second quarter

Diamond producer Lucara Diamond Corp sold 76 387 ct of diamonds, generating $41.3-million in revenue, during the second quarter ended June 30. The company recovered 92 419 ct of diamonds at a grade... 

Sovereign starts infill drilling at Kasiya

ASX-listed Sovereign Metals has started an infill drilling programme at its Kasiya rutile/graphite project, in Malawi, to support ongoing technical studies. Aircore drilling, supported by push... 

Aveng expects to deliver earnings per share profit at financial close

Construction and mining group Aveng has alerted shareholders that they can expect an earnings a share and headline earnings a share profit for the financial year ended June 30, compared with the... 

Impairments to push Sasol into a net loss

JSE-listed energy company Sasol has reported that its financial results for the year ended June 30 were negatively impacted on by challenging market conditions, including continued pressure from... 

TFR reports modest improvement but admits much work still to be done

Although there has been a “slight” improvement year-on-year in terms of State-owned Transnet Freight Rail’s (TFR’s) North Corridor performance, the beleaguered rail operator is “not out of the... 

New scrap metal portal launched

A new online platform called MyScrapMatters has been launched, acting as a single centralised hub to provide comprehensive information about the scrap metal industry in South Africa. The aim of the... 

Seifsa raises issues with proposed amendments to scrap metal trading laws

Industry body the Steel and Engineering Industries Federation of Southern Africa (Seifsa) has criticised the proposed amendments to the Regulations to the Second-Hand Goods Act put forward for... 

Pulse report shows marked improvement in major road corridors

The newly launched National Logistics Crisis Committee (NLCC) 'Pulse' report has so far shown a general year-on-year improvement in terms of the movement of heavy motor vehicles (HMVs) along the... 

NextSource completes screening equipment upgrade at Molo

TSX- and OTCQB-listed NextSource Materials has completed the planned screening equipment upgrades at its Molo graphite mine, in southern Madagascar, the company announced on August 7. The company... 

Copper 360 to refocus on growing profitability after getting Rietberg off the ground, CEO says

With JSE-listed Copper 360’s Rietberg copper mine, in the Northern Cape, now in production, CEO Jan Nelson says it is a good time for the company to focus on recovering from the major capital... 

Bushveld optimistic about next 18 months following corrective measures

Ahead of the company's upcoming AGM, Aim-listed vanadium producer Bushveld Minerals has said the outlook remains positive for the remainder of this year into 2025 owing to the rationalisation of... 

Drilling to start imminently at Aterian’s Agdz project in Morocco

LSE-listed Aterian’s maiden scout drilling programme is set to begin imminently at the company's 100%-owned Agdz copper/silver project, which covers 34.5 km2 in the eastern Anti-Atlas mountains of... 

Poor social development threatens South Africa’s economic sustainability, report shows

Persistently high youth unemployment rates and some of the highest levels of inequality globally have led financial institution Rand Merchant Bank (RMB) to rank South Africa twenty-ninth out of 31... 

Centaurus ups Jaguar resource estimate

Australia-listed Centaurus Metals has announced a significant increase in both the size and confidence levels of the mineral resource for its flagship 100%-owned Jaguar nickel sulphide project in... 

RMC reports significant gold intercepts at Tanzania project

A maiden reverse circulation (RC) drilling programme has been successfully completed at the Mpanda gold/copper project, in Tanzania, with significant intercepts returned from the Kabungu prospect,...