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... 

AfriForum kicks off Project AfriEnergy with solar PV guide

Civil rights organisation AfriForum has launched the first phase of the organisation’s three-phase plan – Project AfriEnergy – to help solve the prevailing electricity crisis in South Africa.   The... 

Technology startup funding up 8% to $6.5bn in 2022

African technology startup investment platform Partech Africa’s recently released Africa technology venture capital report reveals that, despite the global venture capital downturn, the African... 

Kore updates DX project’s metrics

Potash developer Kore Potash has updated the Joint Ore Reserves Committee-compliant mineral resource, ore reserve, prefeasibility study (PFS) information and production target for its 97%-owned DX... 

Perseus exceeds 2022 production guidance

Africa-focussed gold producer Perseus Mining exceeded its 2022 gold production guidance of between 492 850 oz and 517 850 oz, and produced 521 221 oz at an all-in sustaining cost (AISC) of $941/oz.... 

High Court dismisses Mantashe’s firing of NNR communities board member

The Western Cape High Court has declared Mineral Resources and Energy Minister Gwede Mantashe’s decision to dismiss National Nuclear Regulator (NNR) board member responsible for communities Peter... 

Orom-Cross definitive feasibility study assigned to CPC Engineering

Graphite, nickel and copper developer Blencowe Resources has engaged engineering firm CPC Engineering to lead, deliver and sign off on the definitive feasibility study (DFS) for its Orom-Cross... 

Explorer appointed for Kinusi copper prospect

Africa-focused miner and developer Marula Mining has appointed exploration and mining services company Geofields Tanzania to explore for copper at the Kinusi copper project, in Tanzania, starting... 

Airlink to resume Madagascar flights

Southern African airline Airlink plans to restart scheduled services between South Africa and Madagascar from January 30 following an almost three year suspension. The Johannesburg to Antananarivo... 

Botswana Diamonds completes Marsfontein construction

LSE-listed diamond developer and miner Botswana Diamonds has completed construction of its Marsfontein alluvial project, in Limpopo, South Africa, and has started stripping of the overburden... 

AFC closes €150m ten-year loan facility with DEG, Proparco

Infrastructure solutions provider Africa Finance Corporation (AFC) has successfully closed a €150-million ten-year loan facility with European development finance institutions Deutsche... 

Capital achieves revenue growth again, expands its drilling fleet

London-listed mining services company Capital increased its 2022 revenue by 28% year-on-year to $290.3-million, slightly ahead of the upper end of its revised guidance of between $280-million and... 

Godongwana appoints new Ombud Council chairperson, board member

Finance Minister Enoch Godongwana has appointed Silindile Kubheka as chairperson and Lebohang Senne as board member of the Ombud Council, both for a period of three years, effective February 1.... 

GoviEx to sell Mali subsidiary to AEM

Uranium explorer and developer GoviEx Uranium has entered into a $5.5-million agreement with African Energy Metals (AEM) for the latter to acquire all of the issued and outstanding shares of... 

Transparency-boosting Battery Passport proof-of-concept launched at Davos

Multistakeholder organisation the Global Battery Alliance (GBA) launched a proof-of-concept for its Battery Passport at the World Economic Forum’s yearly meeting in Davos, Switzerland, on January... 

High-grade results follow exploration at Yaouré gold mine

Ongoing exploration at gold miner Perseus Mining’s Yaouré gold mine, in Côte d’Ivoire, has returned high-grade results from CMA Northwest and CMA North targets, down dip from the recently announced... 

Galileo buoyed by encouraging prospecting at Shinganda

Diversified explorer and developer Galileo Resources reports that nine angled diamond drill holes, the assaying of which has been completed, at its Zambia-based Shinganda outcrop prospect confirm a... 

UK, Saudi Arabia to deepen critical minerals collaboration

UK Business Secretary Grant Shapps agreed, on January 11, to deepen the UK’s collaboration with the Kingdom of Saudi Arabia on critical minerals, demonstrating the UK government’s ambitions for... 

BlueRock ramps up waste stripping

Aim-listed diamond producer BlueRock Diamonds reports that waste stripping increased in December as mining activities at its Kareevlei diamond mine, in Kimberley, South Africa, returned to normal... 

Buffalo Coal settles R32.58m loan

JSE- and TSX-V-listed South African coal producer Buffalo Coal Corporation settled its outstanding loan facility of R32.58-million with Investec Bank as of January 12, including interest along with... 

Caracal seeking a new chairperson

East African gold producer Caracal Gold reports that its nonexecutive chairperson Simon Thomas has resigned with immediate effect as of January 13. The miner notes that it is in “advanced... 

Liebherr agrees to repay R54m to Transnet in port cranes case

State-owned Transnet and the Special Investigating Unit (SIU) have concluded a settlement agreement with heavy machinery company Liebherr to repay R54-million to Transnet, regarding the award of... 

1.4 MWh battery arrives in Australia for testing on 240 t mining haul truck

Battery and vehicle controller system WAE Technologies has completed and delivered to Australia the largest battery of its kind, ready to be installed in a 240 t prototype zero-emission... 

Research team develops plans to use old mines as power generating plants

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... 

Godongwana says Eskom, crime key disruptors to South Africa’s investment case

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... 

M&A activity impacted on several fronts in 2022 – HSF

Merger and acquisition (M&A) activity was impacted negatively in the second half of 2022 as a result of several factors, including Russia’s invasion of Ukraine, inflation, interest rate rises and... 

Orom-Cross graphite sample export greenlighted by Uganda government

Graphite, nickel and copper developer Blencowe Resources has received approval from the Ugandan Ministry of Energy and Mineral Development to export materials from its Orom-Cross graphite project... 

€25m loan pledged for 44 MW Côte d’Ivoire hydroelectric plant

Infrastructure development funds, Emerging Africa Infrastructure Fund (EAIF) and Private Infrastructure Development Group (PIDG), have announced a €25-million finance facility to Ivoire Hydro... 

Gold posts marginal gain in 2022, up 3% in December – WGC

A 3% gain in December, owing to a weaker dollar, took the value of gold to $1 814/oz, resulting in a year-on-year gain of 0.4% – something the World Gold Council (WGC) says looked unlikely to many... 

December PMI rises to 53.1, underlying factors mixed

Financial services provider Absa’s seasonally-adjusted Purchasing Managers’ Index (PMI) rose for a third month to reach 53.1 index points in December, slightly up from the 52.6 points recorded in... 

Water engineers allegedly robbed, held hostage in uMkhanyakude district

Richards Bay-based water board Mhlathuze Water says it is with “shock and regret” that it has learnt of the hijacking and robbery of an engineering consultant engaged by it to assist in the... 

Africa can produce 50Mt/y of green hydrogen at less than €2/kg by 2035, report shows

If Africa is able to exploit its solar potential and produce 50-million tonnes of green hydrogen a year by 2035, the continent will be able to create jobs, decarbonise heavy industry, enhance... 

Jupiter overcomes third-quarter challenges that dented production, sales

Several issues, including contractor drill rigs and a strike by employees of South African rail and ports operator Transnet, negatively impacted on the production of ASX-listed Jupiter Mines’... 

Ironveld’s ferrochrome furnace acquisition purchase agreements agreed, signed

Iron, vanadium and titanium miner Ironveld reports that its purchase of Rustenburg-based Ferrochrome Furnaces is progressing, with all material underlying agreements required under a debt purchase... 

Sigma starts Greentech plant commissioning on time, within budget

Sigma Lithium has started commissioning the first module of the Phase 1 production plant – the Greentech Plant – at its 100%-owned Grota do Cirilo project, in Minas Gerais State, Brazil, on... 

loneer a step closer to Rhyolite Ridge construction

Emerging lithium-boron supplier Ioneer reports that its Rhyolite Ridge lithium-boron project in Esmeralda County, Nevada, has advanced into the final stage of federal permitting with the decision... 

PIC lifts stake in Afrimat to 15.48%

The Public Investment Corporation (PIC) has increased its shareholding in JSE-listed industrial minerals, bulk commodities and construction materials miner Afrimat to 15.48%. The Afrimat group... 

Kazera inks deal to sell African Tantalum to Hebei Xinjian

Aim-listed investment company Kazera Global has signed a definitive agreement to sell its 100% interest in African Tantalum (Aftan) to Hebei Xinjian Construction (Xinjian) for $13-million. The sale... 

Global commodities market volatility to ease in 2023 after disruptive 2022 – ERG

As a result of short-term price drivers, such as the ongoing Covid-19 lockdowns in China, monetary policy in the US and the fallout from the energy crisis caused by Russia’s invasion of Ukraine,... 

Afreximbank launches platform to promote African trade

The African Export-Import Bank (Afreximbank) has operationally launched the Afreximbank TRADAR Club – a member-driven network aimed at empowering international businesses and executives to...