$5.4tr mining investment needed by 2035

A new report published by the Future Minerals Forum states that an estimated $5.4-trillion in investments is required by 2035 to meet the growing demand for key materials in the mining and metals... 

Kefi awarded exploration licence in Saudi Arabia

Aim-listed gold and copper exploration and development company Kefi Gold and Copper’s Gold And Minerals SLA (GMCO) joint venture (JV) in Saudi Arabia has been awarded the Umm Hijlan exploration... 

Neo Metals appoints Bacchus Capital as strategic financial adviser

Uranium developer Neo Energy Metals has appointed investment and merchant banking boutique Bacchus Capital Advisers as its strategic and financial adviser. Bacchus Capital specialises in strategic... 

Pieter de Wit resumes his role as Afrimat CFO

Mid-tier mining and materials company Afrimat has announced that Pieter de Wit has concluded his role as integration officer overseeing Afrimat’s acquisition of cement company Lafarge and has been... 

R1bn BlackBrick Gardens development offers ‘aparthotel’ comfort, privacy

The final 25 units at the new BlackBrick Gardens development in Cape Town’s Lower Gardens will be put up for sale on February 5. Located on Roodehek street, BlackBrick Gardens represents a... 

Mediclinic to roll out microgrids at its hospitals

Healthcare provider Mediclinic has solar PV panels installed at 28 of its sites across the country and is gearing up to roll out a national project aimed at installing microgrids that integrate... 

G4S to sell its cash business to Izi Africa

Integrated security company G4S International Holdings has entered into a definitive agreement to sell G4S Cash Solutions (SA) to Izi Africa, subject to customary regulatory approvals.  Izi Africa... 

Jubilee fails to meet copper production targets in Zambia owing to power cuts

Aim- and AltX-listed diversified metals producer Jubilee Metals Group failed to meet its copper production target at its Roan operation, in Zambia, owing to power constraints, the company announced... 

AMSA’s long-steel closure a ‘devastating’ blow to economy, SEIFSA warns

The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) has expressed grave concern over ArcelorMittal South Africa’s (AMSA’s) decision to mothball its long-steel operations,... 

Caterpillar celebrates its 100-year anniversary

NYSE-listed Caterpillar has marked 2025 as its 100-year anniversary. The globally recognised original equipment manufacturer (OEM) technically turns 100 on April 15, which is when, in 1925, Holt... 

Liberty Coal completes acquisition of Optimum Coal Terminals’ RBCT shares

Coal miner Liberty Coal’s wholly-owned subsidiary, Liberty Coal Terminal, has completed the acquisition of Optimum Coal Terminal’s (OCT’s) entire shareholding interest in the Richards Bay Coal... 

SABS denies allegations of corruption, mismanagement

The South African Bureau of Standards (SABS) has denied a series of allegations of longstanding and ongoing corruption and mismanagement. In an open letter sent to Trade, Industry and Competition... 

Rules on private participation in grid due in early 2025

Electricity and Energy Minister Kgosientsho Ramakgopa is confident that regulations permitting private sector players to participate in the electricity transmission space will be finalised by the... 

St George Mining signs partnership agreements for magnet production in Brazil

ASX-listed St George Mining has signed partnership agreements with Brazilian scientific and research organisation Serviço Nacional de Aprendizagem Industrial (Senai) and nonprofit industrial... 

Coega SEZ hosts Global Aux CEO in effort to advance co-development plans

The Coega Development Corporation (CDC) recently hosted Global Auxiliary of Companies (Global Aux) CEO Mika’il Ali Kote to the Coega special economic zone (SEZ) in the Eastern Cape. Global Aux is a... 

Financial crime investigators can now subpoena digital bank records

The South African Banking Risk Information Centre (Sabric), the Directorate for Priority Crime Investigation (Hawks) and the Banking Association South Africa (Basa) have launched the Section 205... 

Gold’s record-level performance in 2024 likely to continue into 2025 – Heraeus

The trends that helped propel gold to record levels this year look set to continue in 2025, according to the ‘Precious Metals Forecast 2025’ published by German precious metals trader Heraeus... 

Renewables covering area the size of Europe needed for clean energy future, report shows

A newly released report by technology and lifecycle solutions provider Wärtsilä shows that an area the size of Europe will need to be covered with renewable power to reach a clean energy future... 

Thungela expected to exceed full-year export saleable production guidance for 2024

Based on coal producer Thungela Resources’ performance from January 1 to November 30, CFO Deon Smith has expressed confidence that the company would exceed its full-year export saleable production... 

Civil unrest preventing delivery of raw materials to South32’s Mozal Aluminium

The transportation of raw materials to diversified miner South32’s Mozal Aluminium operation is being negatively impacted on by road blockages related to escalating civil unrest in Mozambique.... 

Neo Energy acquires Sibanye-Stillwater’s Beatrix 4 shaft, including the Beisa uranium project

JSE- and NYSE-listed Sibanye-Stillwater has agreed to sell its Beatrix 4 shaft, in the Free State, to LSE-listed uranium exploration and development company Neo Energy Metals for R500-million in... 

CEFC invests $75m in Australia’s RCF to support clean energy transition

Specialist investor the Clean Finance Corporation (CEFC) has invested $75-million in global alternative investment manager Resource Capital Funds (RCF) to support Australia’s emerging critical... 

Triton sells 70% of Mozambique graphite project

ASX-listed Triton Minerals has entered into a share sale and purchase agreement (SSAP) with Chinese company Shandong Yulong Gold through its wholly-owned subsidiary NQM Gold 2 for an interest in... 

Arrow confirms substantial bauxite discovery in Guinea

ASX-listed Arrow Minerals has confirmed a substantial bauxite discovery with high-grade mineralisation already outlined over 5 km2 at its Niagara bauxite project, in Guinea. This discovery is... 

Staff remain safely on site at Moma despite protests, Kenmare assures

Dual-listed mineral sands producer Kenmare Resources has said that, contrary to some media reports, senior management have remained on site at the Moma titanium minerals mine, in northern... 

Buco opens new store as part of larger effort to grow its Gauteng presence

Building materials and hardware supplier Buco has opened a new convenience store in Strijdom Park, Randburg. The store, which had a soft opening about two months ago, was officially  declared open... 

South Africa signs pledge with Atlanta to drive US investment in South Africa

South Africa has signed a pledge with the US city of Atlanta, Georgia, to encourage increased US investment in South Africa and vice versa. The signing took place at a trade and investment seminar... 

$5.4tr investment in mining needed by 2035 to meet new energy demand – report

A new report published by the Future Minerals Forum states that an estimated $5.4-trillion in investments is required by 2035 to meet the growing demand for key materials in the mining and metals... 

Super Group to sell SG Fleet to Westmann Bidco for A$641.4m

Supply chain management and logistics company Super Group’s 53.58%-owned subsidiary SG Fleet has entered into a scheme implementation deed with Westmann Bidco, an entity owned and controlled by... 

New study shows how batteries could reduce energy costs for commercial, industrial users

In a newly released study, climate and energy strategy advisory firm Meridian Economics has determined that optimally sized batteries offer immediate opportunities for many commercial and... 

National Treasury notes Moody’s reaffirmation of South Africa’s junk status

National Treasury has noted Moody’s decision to affirm the country’s long-term foreign and local currency debt ratings at Ba2 – otherwise known as non-investment grade or junk status – and maintain... 

Bushveld Minerals’ CEO, chairperson resign

Embattled Aim-listed vanadium producer Bushveld Minerals has announced that independent nonexecutive chairperson Michael Kirkwood and CEO Craig Coltman have resigned from the board with immediate... 

Lucara sets 2025 sales guidance at up to 420 000 ct

Diamond producer Lucara Diamond Corp expects to sell between 400 000 ct and 420 000 ct in 2025 for a total diamond revenue of $195-million to $225-million. CEO William Lamb said in an operational... 

Kamoa-Kakula sets new monthly copper production record

The Phase 1, 2, and 3 concentrators at the Kamoa-Kakula copper complex in the Democratic Republic of the Congo (DRC) have set a new monthly production record in November, with TSX- and OTCQX-listed... 

Deadline for public comment on alcoholic beverages taxation discussion paper extended

National Treasury has extended the deadline for public comments on its ‘Taxation of alcoholic beverages’ discussion paper. The paper was published for public comment on November 13, alongside two... 

Major SABS cyberattack raises questions about entity’s leadership

The South African Bureau of Standards (SABS) has suffered a major ransomware cyber-attack, resulting in critical IT systems going down, Engineering News has learned. This is not the first time the... 

Itac gets Sars to provisionally implement 52.81% duties on imported Chinese structural steel

Pending the outcome of an investigation by the International Trade Administration Commission of South Africa (Itac) into the alleged dumping of structural steel products imported from China and... 

Africa enjoyed a 9% y/y increase in FDI in 2024, report shows

Africa recorded a 9% year-on-year increase in foreign direct investment (FDI) projects this year, albeit still 22% below prepandemic levels from 2019, EY Africa’s latest yearly ‘Africa... 

Mineral Sands Resources suspends operations at Tormin as it seeks funding

The business rescue practitioners (BRPs) of Mineral Sands Resources (MSR) are seeking funding solutions following an urgent claim from the Tormin mine’s post commencement funding (PCF) provider.... 

South32’s manganese rail infrastructure upgraded

Multidisciplinary professional firm WSP has completed a comprehensive upgrade of diversified miner South32’s manganese rail infrastructure in the Northern Cape. The project was carried out by WPS’s...