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... 

Haib exploration licence remains in limbo as court verdict postponed again

TSX-V-listed Deep-South Resources reports that the High Court of Namibia has postponed providing a verdict in the case to review the Namibian Mines and Energy Minister’s refusal to not renew the... 

Cabinet endorses appointment of Moloi as RTIA registrar, CEO

The Road Traffic Infringement Agency (RTIA) says the appointed of Matsemela Moloi as registrar and CEO, effective March 1, has been confirmed by Cabinet. He has been serving as acting RTIA... 

Reits likely to outperform as pressures ease

With the worst impacts of the Covid-19 pandemic having subsided, the increased interest rate cycle nearing its end and landlords finding power generation solutions, South Africa's real estate... 

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... 

SBI lists issues impeding economic growth ahead of Godongwana budget

Ahead of the national budget, to be tabled on February 22, the Small Business Institute (SBI) has called on Finance Minister Enoch Godongwana to support small businesses and their employees,... 

Paramount Group unveils new logo at IDEX

Aerospace and defence company Paramount Group has introduced what it says is an evolution of its brand by redeveloping its logo, which was unveiled at the International Defence Expo, which is being... 

Gemfields has its eye on security measures following Cabo Delgado attacks

Gemstone miner Gemfields, which has operations in Mozambique and Zambia, has reiterated the emphasis it places on operational personnel's safety in Mozambique following a series of insurgent... 

KAP’s interim revenue up 12%, but earnings down 2% on lower demand

Diversified industrial, chemical and logistics group KAP Industrial increased its revenue for the six months ended December 31 by 12% year-on-year to R15.26-billion but earnings before interest,... 

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... 

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. 

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...