EIB Global invests €25m in Amethis Fund III to promote African business growth

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... 

Thor reports higher first-quarter profit, despite lower revenue

Aim-listed Thor Explorations has revealed a year-on-year decline in revenue but a significant boost in net profit for the first quarter. In its operational and financial review for its Segilola... 

Capital reveals 19% emissions reduction in inaugural sustainability report

London-listed mining services company Capital has published its inaugural Sustainability Report for the year ended December 31, 2023, wherein it is revealed that the group managed to reduce its... 

Lithium Universe confirms its procurement strategy for Québec lithium refinery project

ASX-listed Lithium Universe has confirmed that it will adopt a “same equipment, same supplier” procurement strategy for its Bécancour lithium refinery project, in Québec, Canada. This follows a... 

Madison intersects strong uranium mineralisation at Khan

Uranium exploration company Madison Metals has reported that reverse circulation (RC) drill hole KM5RC003 at its Khan project, in Namibia, has intersected strong uranium mineralisation over... 

Just Share unhappy that its question was not addressed at AMSA’s AGM

Nonprofit activist organisation Just Share has accused ArcelorMittal South Africa (AMSA) of sub-par AGM governance because the chairperson closed the company’s AGM on May 24 before addressing a... 

Toubani strengthens its board as it advances Kobada DFS

ASX-listed Toubani Resources has announced several changes to its board of directors and study management team to drive the delivery of the definitive feasibility study (DFS) for the Kobada gold... 

Perseus gets back to drilling in Sudan as conflict eases

ASX- and TSX-listed Perseus Mining has restarted drilling work at its Meyas Sands gold project, in Sudan. This initial drill programme, which restarted on May 20, is aimed at testing high-priority... 

African Harbour Masters’ Committee elects Transnet harbour master as president

The African Harbour Masters’ Committee (AHMC) has elected South African State-owned Transnet National Ports Authority (TNPA) Port of Ngqura harbour master Captain Thulani Dubeko as its new... 

Graphite market challenges made 2023 tough for Syrah but the future looks promising

Unforeseen graphite market developments in 2023 cast a shadow on ASX-listed Syrah’s Balama graphite project’s sales and production momentum, while highlighting the company’s strategic position in... 

Desert to Power Initiative to transform Africa’s most vulnerable region into an energy hub

The African Development Bank (AfDB) has emphasised its role in delivering the Desert to Power Initiative, which aims to energise one of the least developed and most marginal parts of the continent.... 

MC Mining acknowledges Goldway’s plans to buy all outstanding shares

ASX-, JSE- and Aim-listed MC Mining has acknowledged the announcement made on May 22 by investment firm Goldway Capital Investment regarding an offer to compulsorily buy out certain ordinary shares... 

Municipalities, mines share the risk of tailings failures – SRK

Municipalities share the risk of tailings dam failure with mines, consulting firm SRK Consulting has pointed out, noting that the latest global standards reiterate how municipalities must play an... 

Genuine progress behind easing of loadshedding – energy council

The current loadshedding reprieve is not a result of excessive diesel burning to pacify voters but rather a consequence of government and business coming together to made headway in solving South... 

Scaled-up infrastructure spend key to success of industrial policy – Patel

Trade, Industry and Competition Minister Ebrahim Patel has called for rapid scaling up of infrastructure spending, among other urgent initiatives, to ensure current industrial policy can succeed.... 

TNPA signs terminal operator agreement with Mnambithi Terminals in transformation deal

State-owned Transnet National Ports Authority (TNPA) has signed a terminal operator agreement (TOA) with Mnambithi Terminals for the development of a liquid bulk facility at the port’s Maydon Wharf... 

Madison begins drilling at Namibian uranium project

Toronto-based Madison Metals has started its maiden 2024 drill programme at the Khan project at Madison West in Namibia’s Erongo uranium province.  In April, the company announced that it had... 

Things looking up for Stefanutti following y/y uptick in profits, contract revenue

JSE-listed multidisciplinary construction group Stefanutti Stocks has reported an improvement in contract revenue to R7.1-billion for the 12 months ended February 29, up from R6.1-billion in the... 

Gas still has a crucial role to play in South Africa’s energy mix – Kearney

Gas has an important role to play in South Africa’s energy transition journey, Kearney partner Prashaen Reddy says amid calls for public comments on a draft Gas Master Plan, which was released for... 

Petra signs PPAs to procure wheeled renewable energy for Cullinan, Finsch

Diamond producer Petra Diamonds has entered into long-term power purchase agreements (PPAs) for the procurement of wheeled renewable energy for its Cullinan and Finsch diamond mines from licenced... 

South Africa scores 'moderately positive' global reputation rating, study finds  

Despite South Africa’s global infamy for corruption, rampant crime, poor service delivery, political instability and inequality, recent findings of a Global Reputation Study carried out by Brand... 

More funding mechanisms needed to support juniors in early stage exploration, panel says

South Africa needs more funding mechanisms to support junior mining at an early stage of exploration, Bedrock Capital CEO Messu Mwaniki said on May 21 at the Junior Indaba in Johannesburg. “I think... 

ESG just a new way of reporting on what mining companies have already been doing for years, panel says

When considering the challenges involved in junior mining companies living up to increasingly stringent environmental, social and governance (ESG) requirements and reporting standards, mining and... 

TotalEnergies, Petronas, Sonangol to proceed with Angolan deepwater project

Energy company TotalEnergies (40%), along with its Block 20/11 partners, Petronas (40%) and Sonangol (20%), have announced the final investment decision (FID) of the Kaminho deepwater project to... 

Kefi announces launch of Tulu Kapi project

Aim-listed gold and copper exploration and development company Kefi has announced that the Tulu Kapi Gold Mines (TKGM) board has formally launched the project. "Our launch timing is fortuitously... 

Vumacam surveillance tech yields 10% boost in crime interceptions, arrests in Gauteng

The Gauteng provincial government (GPG) has reported a “substantial impact” on criminal activities across the province has been achieved 100 days into the rollout of its surveillance project, which... 

Famous Brands reports bump in revenue, while profits decline for 2024 financial year

Branded food services franchisor Famous Brands has reported an 8% increase in revenue to R8-billion for the financial year ended February 29, although a 6% decrease in profit to R812-million and a... 

Salares Norte project section temporarily put on hold to ensure chinchilla protection

NYSE- and JSE-listed Gold Fields has announced that its Salares Norte project, in Chile, has received an urgent and transitionary measure (MUT) from Chile’s Superintendence of Environment (SMA).... 

European Ferrochrome Benchmark price to be discontinued

JSE-listed chrome producer Merafe Resources has advised that the quarterly European Ferrochrome Benchmark (EUBM) price will be discontinued with effect from June. The company will, therefore, no... 

Greater man/machine collaboration needed as AI, automation evolve – Cawood

In the new world of digitised and automated mining that is headed towards increased dependence on AI to solve problems and facilitate complex processes, University of the Witwatersrand (Wits)... 

AMSA to convert one Vanderbijlpark blast furnace into an electric arc furnace by 2028

Steelmaker ArcelorMittal South Africa (AMSA) CEO Kobus Verster has confirmed that the company will be converting one of its three blast furnaces into an electric arc furnace (EAF) within the next... 

AMSA expects to break ground on Vanderbijlpark’s 200 MW solar plant this year

Steelmaker ArcelorMittal South Africa (AMSA) is planning to start construction on a 200 MW solar photovoltaic (PV) power plant at its Vanderbijlpark facility, in Gauteng, towards the end of the... 

Large igneous phosphate resource in Norway could redefine EU critical minerals supply chain

Norwegian mining and exploration company Norge Mineraler chairperson John Vergopoulos says the discovery of a large igneous phosphate deposit sets the company apart as a key supplier of raw... 

Half of mining industry still resisting AI integration

At least half of heavy machinery users within the global mining industry still rely primarily on manual supply chain management tools, with 40% still using manual tools for operational planning,... 

Alterra-led consortium to acquire majority stake in Chill Beverages

A consortium led by private equity firm Alterra Capital Partners and including broad-based investment holding company the Mineworkers Investment Company (MIC) and independent private equity house... 

Execution risk to Anglo’s restructure plan substantial – WoodMac

Mining major Anglo American has accelerated its portfolio planning in the wake of rejecting fellow mining major BHP’s second bid proposal of $42.2-billion (£34-billion), or £27.70 a share, in a... 

Equites reports sustained growth in rentals market

Real estate investment trust Equites Property Fund has reported sustained growth in its rental portfolio over the past few years and expects this trend to continue. In its results presentation for... 

PGMs to face continued supply constraints, low prices – report

Precious metals consultancy Metals Focus’ new ‘Platinum Group Metals (PGM) Focus 2024’ report, which offers a comprehensive analysis of the PGM industry, indicates that the rest of the year will be... 

Lexington renews Jelani prospecting right to 2026

Aim-listed Lexington Gold has announced that the prospecting right owned by Jelani Resources has now been formally renewed until May 29, 2026. This follows on the back of announcements made on May... 

Cliffe Dekker Hofmeyr appoints new dispute resolution director

Law firm Cliffe Dekker Hofmeyr (CDH) has announced the appointment of new dispute resolution director Marelise van der Westhuizen as of May 1.  CDH CEO Brent Williams noted on May 13 that Van der...