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... 

Arc, Anglo American extend date for Zambia project JV

Africa-focussed base metals junior explorer Arc Minerals and diversified miner Anglo American have agreed to extend an exclusivity agreement in terms of which the latter wants to buy up to a 70%... 

Uis mineral resource upgraded after 2022 drilling

Aim-listed African technology metals miner Andrada Mining has updated the mineral resource estimate of its flagship Uis mine, in Namibia, increasing the average lithium grade from 0.63% lithium... 

Twin Hills definitive feasibility study progressing – Osino

TSX-V-listed gold explorer and developer Osino Resources is progressing with developing a definitive feasibility study (DFS) for its Twin Hills gold project, in Namibia, and is conducting trade-off... 

Research team develops concept to generate power in disused mine shafts

An international team of researchers have developed a method to store kinetic energy, which can later be converted to electrical energy, using decommissioned underground mines. The Underground... 

Mining fatalities reach a new low of 49; 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... 

Godongwana says Eskom, crime key impediments to efforts to woo investors

Ahead of South Africa’s government delegation traveling to Davos, Switzerland, to take part in the upcoming yearly World Economic Forum, Finance Minister Enoch Godongwana says South Africa’s... 

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... 

Kearney appoints energy sector veteran Reddy as equity partner

Management consulting firm Kearney has appointed energy specialist Prashaen Reddy as an equity partner. A business leader with over 13 years of experience in consulting, including six years... 

Mining Indaba introduces InfraTech platform to look at mining innovation

The organiser of the yearly Investing in African Mining Indaba, Hyve Group, reports that this year’s event will see the launch of a three-day InfraTech content platform that will include... 

Torsa launches Johannesburg office as its gateway to Africa

Spanish mining technology company Torsa has launched its pan-African business hub in South Africa, with plans to “drastically” reduce mining incidents, and most importantly fatalities, in line with... 

Barrick’s North Mara, Bulyanhulu deliver higher output, socioeconomic benefits

Gold and copper miner Barrick Gold’s two gold mines in Tanzania – North Mara and Bulyanhulu – lifted their combined output to 547 000 oz in 2022, achieving another step towards their potential Tier... 

Ramelius reports quarterly results

Western Australian gold producer Ramelius produced 56 756 oz of gold at an all-inclusive sustaining cost (AISC) of A$2 153/oz during the fourth quarter ended December 31, 2022. Ramelius owns and... 

Cadence completes sale of Yangibana tenements

Early-stage investment and development company Cadence Minerals has completed the sale of 30% of its working interests in the Western Australia-based Yangibana rare earths project tenements to... 

Fresnillo meets 2022 guidance

London-listed Fresnillo has met its 2022 guidance, producing 53.7-million ounces of silver and 635 900 oz of gold from its mines in Mexico. Silver production was slightly above 2021’s output, with...