WGC says gold to remain rangebound for the remainder of this year following strong first half

According a mid-year outlook report released by the World Gold Council (WGC) on July 2, gold has performed well so far this year, with a 12% rise in returns year-to-date and outpacing most major... 

Updated Kiaka feasibility study indicates a project with strong cash flow

A newly released feasibility update for ASX-listed West African Resources’ (WAF’s) Kiaka gold project, in Burkina Faso, shows that strong cash flows are expected from the project. The update... 

Endeavour achieves first gold pour at Lafigué

LSE-, TSX- and OTCQX-listed Endeavour Mining made its first gold pour from the Lafigué mine, in Côte d’Ivoire, on June 28, marking the delivery of the project’s construction on budget and a... 

NTCSA starts trading

The National Transmission Company South Africa (NTCSA) has officially begun trading, establishing the NTCSA as a duly constituted separate, distinct and wholly owned subsidiary of State-owned... 

Kangankunde feasibility study supports robust rare earths project

Rare earths mining and development company Lindian Resources has announced the completion of a feasibility study on Stage 1 of its Kangankunde rare earths project in Malawi. The study examined... 

DRDGOLD assessing its alignment with Responsible Gold Mining Principles

Gold mining company DRDGOLD has started self-assessment in line with the World Gold Council (WGC) Responsible Gold Mining Principles (RGMPs) to determine conformance levels across all DRDGOLD... 

Hudaco’s interim performance hampered by suspended loadshedding

Diversified consumer and engineering products group Hudaco has faced a challenging start to the 2024 financial year, with the reduction in loadshedding negatively impacting on some of its... 

Four central banks sign London Principles to formalise artisanal small-scale gold mining sector

The World Gold Council (WGC) has announced that four central banks have committed to signing ‘The London Principles’, which is a set of operating principles to help structure and formalise central... 

Anglo paid $23.5bn in taxes, economic contributions in 2023

Diversified mining major Anglo American paid about $23.5-billion in total tax and economic contributions throughout its global operations during 2023, a decrease from about $24.5-billion in 2022.... 

Hummingbird expects Kouroussa to reach commercial production in the third quarter

Despite unexpected challenges at Aim-listed Hummingbird’s Kouroussa gold mine, in Guinea, over the past year, including the fire at the national fuel depot in Conakry and the temporary suspension... 

Andrada signs deal to restructure Uis Tin Mining Company

Dual-listed Andrada Mining has executed a legally binding agreement to restructure Uis Tin Mining Company (UTMC), the operational Namibian entity that holds the ML133, ML134 and ML129 mining... 

Petra shares plans to reduce operating costs, appoints new CFO

London-listed Petra Diamonds has shared its plan for a sustainable reduction of $30-million a year in operating costs from the 2025 financial year, as well as a smoothing of its development and... 

First phase of 1 GW SunCentral solar farm breaks ground

Independent power producer SolarAfrica Energy has officially broken ground on its first utility-scale solar farm in the Northern Cape. Known as SunCentral, Phase 1 of this project will total about... 

Akobo completes processing plant, starts commissioning in Ethiopia

Scandinavia-based gold exploration and mining company Akobo Minerals has successfully completed the construction of its processing plant and has started commissioning activities at its operation in... 

Legislative certainty amid government shuffle crucial for continued renewable-energy investment

A clear and certain legislative framework is critical for enabling sustainability and green energy investments in South Africa going forward, especially given the changes taking place in government... 

Petco achieves 60% post-consumer PET recycling rate in 2023

Newly released audited data has shown that South Africa’s longest-standing producer responsibility organisation (PRO) Petco achieved a 64% collection and 60% recycling rate for polyethylene... 

Cape Town gets another R3.5bn for its record infrastructure spending target to 2027

The City of Cape Town has secured a further R3.5-billion in financing towards its plans to spend a record amount on infrastructure investment over the three years to 2027. Mayor Geordin Hill-Lewis... 

Madison confirms high-grade uranium deposits after completing maiden drill programme at Khan

Uranium exploration company Madison Metals has completed its maiden reverse circulation (RC) drill programme of 997 m over nine holes at its Khan uranium project at Madison West, located in... 

Exxaro warns of price, production dip in first half

Diversified miner and renewable energy company Exxaro Resources expects to report lower coal and iron-ore prices, as well as lower production, for the first six months of this year. With respect to... 

Liberty extends deadline for retrenched Optimum workers to apply for reemployment

Coal mining company Liberty Coal has confirmed that it will be extending the deadline for former Optimum Coal Mine (OCM) employees to submit their applications for reemployment. The company said on... 

PPC reports a 20.6% boost in revenue thanks to Zimbabwe business

Cement company PPC has reported a 20.6% year-on-year increase in revenue to about R10-billion for the financial year ended March 31, compared with the R8.3-billion in revenue reported for the prior... 

CoJ, City Power say High Court did not consider all evidence in Eskom case

In response to a recent Johannesburg High Court order favouring State-owned utility Eskom in a payment dispute with the City of Johannesburg (CoJ) and City Power, the CoJ and City Power say the... 

61% of manufacturers expect AI to drive growth by 2029, study finds

Nasdaq-listed Zebra Technologies has found that 61% of manufacturers expect AI to drive growth in the sector by 2029, up from 41% in 2024. These findings are part of Zebra’s ‘2024 Manufacturing... 

Families to petition Pan-African Parliament for release of two South African prisoners

On June 24, 501 days after two South African men were allegedly unlawfully arrested in Equatorial Guinea, their families are going to hand over a formal request to Pan-African Parliament (PAP)... 

Andrada reports higher tin, tantalum production for the quarter ended May 31

Aim-listed Andrada Mining, which owns operations in Namibia, has announced a 14% quarter-on-quarter increase in saleable tantalum concentrate production to 9 t for the quarter ended May 31, which... 

WAF draws down $265m loan to build Burkina Faso gold project

ASX-listed unhedged gold mining company West African Resources (WAF) has fully drawn down the $265-million secured loan facility from Sprott Resource Lending and Burkina Faso-based Coris Bank... 

Streamlined PPP framework could unlock infrastructure investment

In February, the National Treasury asked for public comments to be submitted in respect of the newly drafted amendments to the National Treasury Regulations (NTR) 16, and key elements of municipal... 

Streamlined PPP framework could unlock infrastructure investment

In February, the National Treasury asked for public comments to be submitted in respect of the newly drafted amendments to the National Treasury Regulations (NTR) 16, and key elements of municipal... 

Dwyka, Deep Tech highlight new drone technology at showcase

Mining technology company Dwyka Mining Services and its sister company Deep Tech have announced the launch of several new drone technology services through its partnerships with drone technology... 

South African manufacturer to provide 275 new container wagons to Lobito railway project

Joint venture (JV) company Lobito Atlantic Railway (LAR), which is the concession holder for the operation, management and maintenance of the Lobito Corridor spanning Zambia, Angola and the... 

Aton further develops Abu Marawat gold concession with promising results

TSX-V-listed gold exploration and mining company Aton Resources has recently carried out further sampling and mapping programmes over several regional targets at the company’s Abu Marawat... 

Diamcor seeks to extend closing of second tranche of revised private placement

Diamond mining company Diamcor Mining is seeking to extend the closing of the second tranche of its non-brokered revised private placement following its announcement on June 4 that it had closed... 

Stor-Age reports strong financial performance

JSE-listed self-storage real estate investment trust Stor-Age has reported robust financial results for the 2024 financial year ended March 31, showcasing significant growth in rental rates and... 

Africa Finance Corporation signs MoU with Alstom to deliver rail project in the DRC

Infrastructure financier the Africa Finance Corporation (AFC) and sustainable mobility company Alstom have signed a memorandum of understanding to propel the development of the Kinshasa MetroKin... 

€25m leg up for mid-sized companies

Investment organisation the European Investment Bank (EIB) Global has invested €25-million into pan-African fund Amethis Fund III, which aims to provide private equity growth capital to... 

Pensana appoints new Longonjo construction manager as site works progress

Rare earths mining company Penansa has announced the appoinment of Luigi Bruni as construction manager for the site team at the Longonjo rare earths project, in Angola. Bruni brings practical... 

MRG enters into JV with Sinowin to develop mineral sands projects in Mozambique

ASX-listed MRG Metals has entered into a binding joint venture (JV) agreement with Chinese mineral investment companies Sinowin Lithium and Sinowin Lithium Cobalt (SLC) to develop its Mozambique... 

Demand for Krugerrands up as consumers diversify

Financial institution First National Bank (FNB) says it has seen strong demand from clients buying Krugerrands on its trading platforms as consumers embrace alternative asset classes to diversify... 

TNPA gets four new tugboats for Durban, East London ports

State-owned Transnet National Ports Authority (TNPA) has taken delivery of the first four tugboats to boost marine fleet availability and shipping efficiencies at the ports of Durban and East... 

Aura raises Tiris uranium resource by 55%

ASX-listed Aura Energy has increased the mineral resources of its Tiris uranium project, in Mauritania, by 55% to 91.3-million pounds of triuranium octoxide (U3O8), up from the previously reported...