Mpact expects earnings to increase on the back of product demand

Ahead of the release of its audited financial results on March 7, paper and plastics manufacturer Mpact reports that its revenue for 2022 increased by about 7% to R12.4-billion, driven by paper... 

KCB expert recommends Kavango focus more on Karakubis project

Mining consultancy Tulia Blueclay (TB) professional geologist David Catterall, who has been appointed to enhance Botswana-focussed metals exploration company Kavango Resources’ insight into its... 

Financial services group to focus on Africa by establishing a presence in South Africa

With an abundance of untapped investment potential throughout Africa, financial services company Anolawave has established a presence in South Africa, co-founded by Lightcone Asset Management... 

Aterian’s exploration in southern Rwanda reveals rare-metal hosting targets

Twenty-two zones of potentially mineralised pegmatite have been identified at LSE-listed explorer and developer Aterian’s projects in southern Rwanda, confirming the presence of a number of... 

Marula increases stake in Kinusi copper project to 75%

Africa-focused battery metals investment and exploration company Marula Mining has amended the terms of its agreement with Tanzanian mining company Takela Mining Tanzania to increase its interest... 

Fairvest completes 2Twenty Madiba aesthetic refurbishment

Diversified real estate investment trust (Reit) Fairvest has completed an aesthetic refurbishment of the landmark offices at 220 Madiba street, in central Pretoria. Fairvest says the upgrade of... 

South Africa to benefit from expansion of Brics – Brand SA

Brand South Africa (SA) says that, as South Africa assumes chairpersonship of the Brazil, Russia, India, China and South Africa (Brics) bloc of countries this year, it stands to benefit from a... 

UK eyeing hydrogen production with keen interest into electrolysis – WPIC

Platinum investment promoter the World Platinum Investment Council (WPIC) says the launch of the UK’s inaugural Hydrogen Week, demonstrates the growing momentum around the use of hydrogen to help... 

Mining fatalities reach new low of 49 while injuries, disease also decrease

South Africa’s mining industry suffered 49 fatalities in 2022 – a 34% improvement on the 74 fatalities of 2021 and a record low, thereby continuing the downward trend many in the mining industry... 

Isuzu retains top truck selling position for tenth year, looks to expand diesel alternatives

Commercial vehicle manufacturer Isuzu Truck, which is celebrating a tenth consecutive year as the truck market leader, is progressing with plans to roll out newer and more environment-friendly... 

First locally-made automated shaft sinking drill rig shipped to overseas client

Rosslyn-based mechanical engineering company Impco Engineering has completed the development and construction of its first automated and energy-efficient Jumbo shaft sinking drill rig, which has... 

Pan African reconfigures mines to address production slip; focusses on solar PV

JSE- and LSE-listed midtier gold producer Pan African Resources produced 92 307 oz of gold for the six months to December 31, 2022 – down 14.6% year-on-year, following the record gold production... 

Amplats' Viljoen makes a move to Newmont

Anglo American Platinum (Amplats) CEO Natascha Viljoen is stepping down from her position at the platinum group metals (PGMs) miner after accepting an executive VP and COO position at US-based... 

Firefinch distances itself from Bamako court proceedings, search for Morila owner continues

ASX-listed, Mali-focussed gold miner Firefinch reports that a “preventive procedure” has been opened at the Commercial Court of Bamako, in Mali, suspending or prohibiting all individual lawsuits... 

Exxaro receives benchmark ESG rating

Diversified energy company Exxaro reports that its commitment to a just energy transition (JET) has resulted in the organisation becoming the only basic resources company, globally, with an... 

Intellidex launches inaugural Africa Impact Investment Awards

As impact investing gains momentum worldwide, capital markets and financial services research organisation Intellidex has launched the inaugural Africa Impact Investment Awards. Intellidex MD Dr... 

Private equity fund launched to replace R12bn Section 12J tax incentive

The Twelve B Green Energy Fund – South Africa’s first private equity fund enabling green energy investors to qualify for South African Revenue Service-approved tax deductions – was launched on... 

Gemfields evacuates Moz exploration camp following nearby insurgent attack

Gemstone miner Gemfields has evacuated operational employees and contractors from its 75%-owned Nairoto Resources exploration camp following an insurgent attack in the village of Nairoto in the... 

SAWEA applauds appointment of Electricity Minister

The South African Wind Energy Association (SAWEA) has voiced its support for President Cyril Ramaphosa’s leadership and firm commitment to fixing South Africa’s electricity crisis, as stated in his... 

Platinum Guild launches new information portal on responsible platinum

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... 

Goldplat appoints new chairperson

Aim-listed Goldplat has appointed Gerard Kemp chairperson, with immediate effect. He succeeds Gerard Kisbey-Green who is stepping down as chairperson, but will remain as an independent... 

Construction of Singida over 90% complete – Shanta

East Africa-focused gold producer, developer and explorer Shanta Gold reports that the overall construction activity at its Singida gold project, in Tanzania, is 93% complete, with all essential... 

Seifsa launches loadshedding impact survey

The Steel and Engineering Industries Federation of Southern Africa (Seifsa) is conducting a loadshedding impact assessment to assist the organisation in its advocacy initiatives on energy. “South... 

Worrying mismatch between climate change activism, corporate lobbying – report

New analysis – conducted by climate think tank InfluenceMap – on climate policy lobbying in South Africa shows that oppositional industry voices are significantly more engaged than pro-climate... 

Pan African to report lower interim earnings on the back of exchange rate, gold price volatility

Aim- and JSE-listed gold miner Pan African Resources’ headline earnings and earnings a share for the six months ended December 31 are expected to be between 31% and 41% lower year-on-year, at $0.14... 

Implats nonexec director Davey passes away

Platinum group metals miner Impala Platinum (Implats) reports that independent nonexecutive director Peter Davey, who served on the board since June 2013, passed away on February 7 after a short... 

Renewed interest in Cape Town, Durban office space – Emira

Real estate investment trust Emira Property Fund says it has received increased enquiries for office space in Cape Town and Durban – welcome news in markets that have suffered from rising vacancies... 

Renewable energy, social upset key themes for miners in 2023 – Fitch Solutions

Capital expenditure of mining companies is increasingly being aimed at renewable energy projects and associated grid development – a trend that is likely to continue throughout this year, financial... 

Mining production slipped 7.2% y/y in 2022

South Africa’s total mining production contracted by 7.2% year-on-year in 2022, following growth of 11.6% year-on-year in 2021 and a contraction of 10.4% year-on-year in 2020, reports Statistics... 

Ireland, Austria join AfDB’s Africa Climate Change Fund with €3m contribution

Ireland and Austria have joined the African Development Bank’s (AfDB’s) Africa Climate Change Fund (ACCF) with contributions of €2-million and €1-million, respectively, to support the fund’s work.... 

Steinmüller Africa celebrates 60 years of growing its African business

Steam generation and high-pressure piping solutions company Steinmüller Africa celebrated 60 years of business in Africa on November 7, 2022. The company started its presence in South Africa in... 

MSA Group to establish Saudi Arabia office to meet soaring consultancy demand

With the opening up of the mining regulatory and investment sectors in Saudi Arabia, exploration and mining consultancy MSA Group, together with joint venture (JV) partner Saudi Arabian company the... 

Edenville stockpiles Rukwa run-of-mine coal to mitigate rain’s impact on production

Aim-listed coal developer Edenville Energy, which is being impacted by heavy rainfall at its Rukwa coal project, in Tanzania, is taking steps to stockpile run-of-mine (RoM) coal to mitigate, as far... 

Govt of Guinea appoints Egis as technical adviser for Simandou project

Consulting, engineering, construction and mobility services company Egis has received the signature of a contract with the government of Guinea to act as technical adviser for the construction of... 

Afrimat Nkomati Anthracite opens newly renovated, extended Steenbok Clinic

Completed in January, the newly renovated and extended Steenbok Clinic, in Steenbok, Mpumalanga, was recently opened to the public following a partnership to renew it by JSE-listed industrial... 

Unique investment opportunities in South Africa, despite challenges

Despite several ongoing challenges, South Africa has untapped potential and investment opportunities, Brand South Africa (SA) research GM Shamiso Hlatshwayo has said. Speaking to Creamer Media at... 

World Coal Association adds Menar to its ranks

Coal industry member advocacy and think tank the World Coal Association (WCA) welcomed South African coal miner Menar to its roster of progressive coal members on February 7. On the sidelines of... 

Manufacturing excellence key to doing business in modern times – PwC

Professional services firm PwC reports that South Africa’s manufacturing industry has to keep evolving to remain competitive in the face of global competition through implementing what it calls... 

Attacq appoints new nonexecutive directors

JSE-listed real estate investment trust Attacq has appointed Fikile de Buck and Dr Gustav Rohde as nonexecutive directors, effective February 1. De Buck, with over 23 years of executive-level... 

Etihad Cargo, Astral Aviation sign MoU to boost Africa-UAE logistics

The cargo and logistics division of Etihad Airways, Etihad Cargo, has signed a memorandum of understanding (MoU) with Astral Aviation to expand the partnership between the two parties and enhance...