Business resilience the reason South Africa’s economy ‘not collapsing completely – Jammine

Despite South Africa’s economy being “not a great environment” currently, economic consultancy Econometrix director and chief economist Dr Azar Jammine said South African business has shown typical... 

Ongoing Ewoyaa exploration adds significantly to mineral resource estimate

Exploration work at Aim- and ASX-listed Africa-focussed lithium explorer and developer Atlantic Lithium’s Ewoyaa lithium project, in Ghana, has added a significant volume to the project’s mineral... 

Millennial Potash to start drilling previously explored Gabon prospect

TSX-V-listed potash explorer Millennial Potash reports that all the drill holes at its previously explored Millennial Potash project in Gabon have intersected potash mineralisation, thereby leading... 

Two Exxaro board members to retire by rotation

Diversified energy company Exxaro Resources reports that independent nonexecutive directors Vuyisa Nkonyeni and Lenamile Mophatlane will retire by rotation, with effect from May 18. Nkonyeni will... 

SAWEA launches campaign to highlight sector’s significant employment role

The South African Wind Energy Association (SAWEA) has launched a campaign to highlight the role that the wind energy industry plays as an employer as South Africa’s Energy Action Plan gains... 

130 MW power plant in Senegal fully commissioned

Energy sector solutions provider Wärtsilä reports that a 130 MW power plant it built in Malicounda, in western Senegal, is now fully operational and officially inaugurated by Senegal President... 

Township rental financier finalises first funding vehicle, attracts R125m in first year

Impact-driven property finance company TUHF21 has finalised its first funding vehicle aimed at financing rental properties in townships – the uMaStandi Fund – which has attracted R125-million in... 

Namibian High Court sets aside Mining Ministry’s decision not to renew Haib licence

The High Court of Namibia has rendered its judgment in a court case brought by copper explorer and developer Deep-South Resources to renew its license to explore the Haib copper project,... 

NUM backs Mantashe on pro-coal stance

Labour union the National Union of Mineworkers (NUM) has expressed its support for Mineral Resources and Energy Minister Gwede Mantashe’s pro-coal stance, alleging “coercion” efforts to move away... 

Southern Palladium buoyed by positive exploration results

Positive results have emanated from exploration work at JSE- and ASX-listed platinum group metals (PGMs) project developer Southern Palladium’s Bengwenyama project, in South Africa’s Bushveld... 

Encouraging results emerge from Rodruin metallurgical testwork

Exploration samples from TSX-V-listed gold explorer Aton Resources’ Egypt-based Rodruin advanced exploration project have returned “very encouraging” results, reports interim CEO Tonno Vahk. These... 

Bushveld Electrolyte Company on track for first production

Integrated primary vanadium producer and energy storage solutions provider Bushveld Minerals reports that its South African vanadium electrolyte factory – Bushveld Electrolyte Company (Belco) – is... 

Thungela expects to report more than 100% increase in earnings for 2022

JSE-listed thermal coal exporter Thungela Resources expects its earnings a share for the year ended December 31 to have increased by between 105% and 111% year-on-year to between R125 and R129.... 

Coal drives up Exxaro’s full-year earnings

JSE-listed diversified energy company Exxaro Resources expects its headline earnings a share for the year ended December 31 to have increased bu between 20% and 34% year-on-year, to between R56.20... 

De Beers sells $495m of rough diamonds in second sales cycle of 2023

Anglo American's diamond mining business De Beers provisionally sold $495-million worth of rough diamonds through its global sightholder sales and auctions in its second sales cycle of 2023 – from... 

African-made renewable energy products could benefit continent – SAIEE

Although Africa is going through an “unavoidable” energy transition, South African Institute of Electrical Engineers president Prince Moyo believes the continent can “leapfrog” the trajectory of... 

Nampak cancels adjourned general meeting as financing discussions continue

JSE-listed diversified packaging manufacturer Nampak has cancelled its previously adjourned general meeting, which it planned to hold on March 8. During an extraordinary virtual general meeting of... 

Kavango mobilises specialists after unearthing significant gold mineralisation at Ditau

Botswana-focused base and precious metals explorer Kavango Resources has commissioned professor and former Department of Geology at Brandon University in Canada chairperson Dr Hamid Mumin to... 

Poseidon progressing Black Swan restart with 20% of assays returned

ASX-listed Poseidon Nickel is progressing with its efforts to restart the Black Swan project with 20% of assays returned of a 11 000 m in-pit drill programme that aims to increase the mining... 

Revised terms for Dawn HPAL+ project lifts nameplate capacity, lowers capex guarantee -Nickel Industries

Australia-based Nickel Industries on Monday unveiled plans for a 67 000 t/y high-pressure acid leach (HPAL) project, in Indonesia, that would cost no more than $2.3-billion to bring to nameplate... 

Green Technology takes option on Ontario lithium project

Canada-focused multi-asset lithium business Green Technology Metals has signed a binding agreement for a C$500 000 option to purchase an 80% interest in the Junior Lake project from Landore... 

QPM’s TECH project receives potential loans totalling A$900m

Canadian export credit agency Export Development Canada (EDC) has doubled its indicative debt financing commitment in ASX-listed critical minerals developer Queensland Pacific Metals’ (QPMs’) for... 

Africa should build battery metals value chain to capitalise on its mineral resources

The world must decarbonise its growth models and shift to renewable energy sources to meet the goals of the Paris Climate Agreement, the United Nations’ (UN’s) Sustainable Development Goals and... 

KP Lime looks to expand with an additional pit

Global commodities trader IMR Resources is set to expand its Kgatelopele Lime (KP Lime) mine, in the Northern Cape, with a second openpit operation that is expected to be built within the next two... 

‘Responsible platinum’ information portal launched

Platinum marketing organisation Platinum Guild International (PGI) has launched an information portal on responsible platinum to help the jewellery trade and consumers learn about how platinum is... 

DRA secured new contracts, rebased the business in 2022

Deals worth A$638-million were awarded to multidisciplinary engineering, project management and operations management group DRA Global in 2022, as the group sought to strengthen its relationships... 

Junior miner allocations won't impact existing manganese slots – TFR

State-owned rail operator Transnet Freight Rail (TFR) says its opening of rail capacity allocations to junior miners will not impact existing guaranteed manganese miner export allocations. As part... 

Anglo appoints nonexec director, sustainability committee member

Diversified miner Anglo American has appointed Magali Anderson nonexecutive director and a member of its board sustainability committee, effective April 1. She is currently building materials... 

Kavango completes strategic review to bolster push into Botswana

Southern Africa-focussed metals explorer Kavango Resources has completed its strategic review, which was undertaken to provide a detailed analysis of the company’s current projects, its operations... 

Technology Minerals receives five exploration permits in Cameroon

Cameroon’s Ministry of Mines, Industry and Technological Development has granted five exploration permits for LSE-listed battery minerals company Technology Minerals’ nickel, cobalt and copper... 

Lifezone completes technical report summary for 40.4Mt Kabanga nickel project

Critical minerals and green beneficiation company Lifezone Holdings has completed an S-K 1300 technical report summary (TRS) estimating mineral resources of 40.4-million tonnes for its... 

Shanta boosts group resources threefold in five years through exploration

East Africa-focused gold producer, developer and explorer Shanta Gold reports that, over the past five years, it has grown its group resources threefold from 1.2-million ounces grading at an... 

URA completes acquisition to take ownership of extensive Gravelotte mine

LSE-listed diversified explorer URA has completed the acquisition of 100% of the issued shares in Gem Venus Holdings – the owner of the majority interest in the Gravelotte emerald mine, in South... 

Hulamin expects to report lower earnings, headline earnings for 2022

In anticipation of releasing its full-year results for 2022, on March 6, JSE-listed aluminium semi-fabricator Hulamin reports that its earnings a share are expected to decrease by 45% to 53% to... 

Business resiliency the reason South Africa’s economy is persevering – Jammine

Despite South Africa’s economy being “not a great environment” currently, economic consultancy Econometrix director and chief economist Dr Azar Jammine said South African business has shown typical... 

Harmony expects interim earnings to rise between 20% and 40%

Ahead of the March 1 release of its results for the six months to December 31, 2022, gold miner Harmony Gold reports that its basic earnings will be between 20% to 40% higher year-on-year. Earnings... 

Gold Fields’ production exceeds guidance but its full-year profit falls

JSE- and NYSE-listed gold miner Gold Fields produced 2.4-million ounces of gold for the year ended December 31 – a 3% year-on-year increase and exceeding guidance of between 2.31-million and... 

Hummingbird receives further investment to bring Kouroussa online

Aim-listed gold explorer and developer Hummingbird Resources reports that a conditional $1.4-million has been invested into the company by certain existing institutional shareholders. This comes on... 

Premier's Zulu lithium, tantalum project nears completion

Diversified miner and developer Premier African Minerals CEO George Roach reports that the company's Zimbabwe-based Zulu lithium and tantalum project is on track to produce spodumene concentrate... 

Shanta upgrades West Kenya’s Ramula resource estimate

East Africa-focused gold producer, developer and explorer Shanta Gold has updated the mineral resource estimate (MRE) for the Ramula deposit at its West Kenya project, adding 39% more ounces. This...