West Wits completes $1.5m capital raising

ASX-listed West Wits Mining has secured firm commitments from unrelated existing and new sophisticated and professional investors to raise $1.5-million before costs through the issue of convertible... 

Fifth cidb ERWIC Awards recognise catalysts for change in construction industry

This year’s Empowerment and Recognition of Women in Construction (ERWIC) Awards, hosted by the Construction Industry Development Board (cidb) on August 22, highlighted the importance of diversity... 

Vukile concludes oversubscribed R796m unsecured bond issue at record low pricing

JSE-listed retail real estate investment trust (Reit) Vukile Property Fund has issued R796-million of senior unsecured corporate bonds with three-, five- and six and a half-year maturities. Vukile... 

Lucapa posts 13% increase in interim Ebitda

ASX-listed Lucapa Diamond Company has reported earnings before interest, taxes, depreciation and amortisation (Ebitda) of $1.4-million for the six months ended June 30 – a 13% year-on-year... 

Lobito Atlantic Railway begins exporting copper from the DRC to the US

Railway operator Lobito Atlantic Railway (LAR) has reported that the first shipment of copper destined for the US left the port of Lobito, in Angola, this week, loaded on the MSC SAMU container... 

Highlighting indigent subsidy red tape, social housing association warns on electricity price hike

The National Association of Social Housing (Nasho) has urged government to consider alternatives for the social housing sector as electricity tariffs are set to increase further, arguing that... 

ESG risk should be integrated into organisational risk processes

As emphasis on environmental, social and corporate governance (ESG) grows globally, integrating ESG into effective risk management plays a key role in strategy development, panellists noted during... 

GCCA issues ‘Call to Action’ on food supply chain resilience

African policy leaders must support robust growth in the cold chain for the success of the African Continental Free Trade Area (AfCFTA) and to boost prosperity, food supply chain resilience and... 

Survey reveals 60% growth in wind energy projects

The South African Wind Energy Association (SAWEA) has released results from the 2024 South African Renewable Energy Grid Survey (SAREGS), presented on August 21 by State-owned Eskom's National... 

Research ensuring sustainable future for Southern Africa’s sizeable citrus industry

Internationally recognised research conducted by Citrus Research International (CRI) and its network of collaborative research associations, is helping to protect Southern Africa's citrus industry... 

Karowe delivers its biggest find yet – an ‘exceptional’ 2 492 ct diamond

Canadian diamond miner Lucara Diamond Corp has recovered an “exceptional” 2 492 ct diamond from its Karowe mine, in Botswana. Detected and recovered by the company’s Mega Diamond Recovery X-Ray... 

Perseus to sell its shareholding in Montage Gold

ASX-listed Perseus Mining has agreed to sell 33-million common shares in the capital of TSX-V listed gold explorer and aspiring developer Montage Gold Corp to BMO Nesbitt Burns at a price C$1.86 a... 

Localisation Support Fund supports local clothing, textiles businesses

With the local retail-clothing, textile, footwear and leather (R-CTFL) sector accounting for about 14% of South Africa’s manufacturing employment, nonprofit company the Localisation Support Fund... 

Conference highlights SADC rail opportunities, challenges

Highlighting the critical role of rail in boosting economic prosperity and trade in Africa, this year’s Southern African Railways Association (SARA) Conference and Exhibition emphasised the theme... 

Wetility, A2Pay partner to provide affordable solar solutions for spaza shops

In response to the impacts of frequent power outages on small businesses in underserved communities, particularly small and microenterprises such as spaza shops, an innovative partnership between... 

Aterian to start drilling on Rwanda project in September

London-listed critical metal-focused exploration and development company Aterian expects to start drilling at the HCK project, in Rwanda, in September. The project is a joint venture with... 

Hummingbird completes refinancing package with Coris Bank

Aim-listed Hummingbird Resources has completed the strategic refinancing of a portion of its existing loan facilities with the company's principal financing partner Coris Bank International.... 

Wärtsilä signs decarbonisation agreement for Madagascan power plant

The renewal of technology group Wärtsilä’s operations and maintenance (O&M) agreement with QIT Madagascar Minerals (QMM), which is part of the Rio Tinto group, has been expanded to include a... 

Namibian Competition Commission approves Shanjin’s buyout of Osino

TSX-listed Osino Resources says the Namibian Competition Commission (NCC) has approved Shanjin International Gold’s buyout of Osino for a cash consideration of C$1.90 a share. The NCC’s approval... 

Nersa clarifies it has not yet received Eskom’s final revenue application

In response to media reports regarding State-owned utility Eskom's revenue application for the 2025/26 financial year, the National Energy Regulator of South Africa (Nersa) says, while Eskom has... 

Akobo intersects ore in Eastern winze underground operations

Gold exploration and mining company Akobo Minerals has successfully intersected the orebody in the prospect drive just off the Eastern winze of its underground operations at the Segele mine, in... 

Neo Energy completes due diligence on Beisa North and South projects

London- and South Africa-listed Neo Energy Metals has completed its technical, financial and legal due diligence on the proposed acquisition of a 100% interest in the multimillion-pound uranium and... 

Lucapa recovers 176 ct diamond from Lulo

ASX-listed Lucapa Diamond Company has recovered the fifth diamond weighing more than 100 ct at its joint venture Lulo mine, in Angola, this year. The 176 ct Type IIa diamond recovered is also the... 

Cesa Aon Engineering Excellence Awards celebrates collaboration

The 2024 Cesa Aon Engineering Excellence Awards, held in Midrand, on August 14, celebrated and honoured the outstanding contributions of South Africa’s consulting engineering sector towards... 

Kazera receives certification to begin mineral sands mining

Aim-listed Kazera Global has received certification from the National Nuclear Regulator (NNR) in South Africa, which will allow for the imminent start of mining and the production of heavy mineral... 

Caracal amends heads of terms with Cynergy, second payment due late August

As an amendment to the heads of terms with Cynergy Global, London-listed Caracal Gold says the second tranche payment of $500 000 is now due by August 20. Under Phase 1 of Cynergy's three phased... 

Metso receives €20m order for grinding mills for an African copper project

Industrial machinery and solutions company Metso Corporation has been awarded an order to deliver grinding mills to an African copper mining project. The company says the order value is about... 

Aveng to swing back into the black

International engineering-led contractor Aveng says it expects to report earnings of between A$24.4-million and A$26.9-million for the financial year ended June 30, compared with a loss of nearly... 

BCG roundtable panellists mull solutions to close Africa’s climate finance gap

While investments in green sectors in Africa experienced significant growth from 2017 to 2022, despite volatility and macroeconomic risks, a substantial gap in climate financing remains, which must... 

Atlas Copco to acquire Integrated Pump Rental

Specialty rental provider of dewatering solutions in South Africa Integrated Pump Rental (IPR) will become part of Atlas Copco Group’s specialty rental division within the Power Technique business... 

Mintek views collaboration among researchers as key to driving effective RDI

Amid various challenges facing the development of particular innovation systems and the advancement of research in South Africa, mineral research organisation Mintek research infrastructure and... 

Forum highlights pressing need for South Africa to invest more in research

Considering the importance of research and innovation for South Africa’s development, there is a pressing need to encourage research and inspire young people to pursue careers in various fields of... 

Emira to acquire an interest in Polish property company

JSE-listed Emira Property Fund has entered into a series of agreements with DL Invest Group 1 SCSP – controlled by Dominik Leszczynski –  and its wholly-owned subsidiary, DL Invest Group (DL... 

Tribunal approves ARM’s buyout of remaining Nkomati JV stake

The Competition Tribunal has unconditionally approved African Rainbow Minerals’ (ARM’s) proposed transaction to acquire the remaining participation interest in the Nkomati joint venture (JV) and an... 

Rooftop solar system expanded to meet 35% of Eastgate’s energy needs

Property owner Liberty Two Degrees (L2D) has expanded the rooftop solar system at the Eastgate Shopping Centre, in Johannesburg, by nearly 6 MW. This adds to the 1.22 MW system installed at the... 

Caledonia on track to achieve full-year production guidance at Blanket

Aim-listed Caledonia Mining says it is on track to achieve full-year production guidance of 74 000 oz to 78 000 oz at its Blanket gold mine, in Zimbabwe. The company notes that the mine produced 20... 

Southern Palladium submits EIA for Bengwenyama project

Dual-listed Southern Palladium has submitted the environmental-impact assessment (EIA) report for its 70%-owned Bengwenyama platinum-group metal project, located on the Eastern Limb of the Bushveld... 

Strategic partnerships key to advancing infrastructure development – Cesa

In today's rapidly evolving infrastructure landscape, industry organisation Consulting Engineers South Africa (Cesa) says strategic partnerships have emerged as a cornerstone for advancing... 

Exxaro warns of lower interim earnings

Diversified mining company Exxaro says it expects its headline earnings per share (HEPS) for the six-month period ended June 30 to be between 31% and 45% lower than that reported for the six-month... 

Mining companies strengthen their commitment to respect the rights of Indigenous Peoples

Ahead of the International Day of the World’s Indigenous Peoples, on August 9, mining industry organisation the ICMM’s members have reaffirmed their commitment to respect the rights of Indigenous...