Shanta expects to produce up to 88 000 oz of gold this year

East Africa-focused gold developer Shanta Gold’s New Luika mine, in Tanzania, produced 21 288 oz of gold in the three months ended December 31, a quarter-on-quarter increase of 17%. This brought... 

Eskom challenges need to be addressed urgently, or South Africa will sink – Gigaba

Finance Minister Malusi Gigaba on Thursday painted a grim picture of the financial challenges facing power utility Eskom, stating that the national fiscus would be unable to bail the State-owned... 

Volvo aims for climate-neutral automotive manufacturing

Volvo Cars' engine factory in Skövde, Sweden, has become the company's first climate-neutral manufacturing plant, having switched to renewable heating on January 1. The car manufacturer noted that... 

Firestone Diamonds revises Liqhobong mine plan to yield better results

Aim-listed Firestone Diamonds, which sold 156 942 ct of diamonds recovered at its Liqhobong mine, in Lesotho, in the quarter ended December 31, has adopted a revised mine plan to increase cash flow... 

Lucapa’s Angola mine delivers its second 100-ct diamond for 2018

Australia-based miner Lucapa Diamond Company is starting the year off on a high note, announcing on Wednesday that it had recovered another 100-ct plus stone at its Lulo project, in Angola. The 116... 

Acacia completes sale of royalty over Burkina Faso mine

Embattled gold miner Acacia Mining has completed the sale of an existing 2% net smelter royalty over the Houndé mine, in Burkina Faso, for $45-million. The LSE-listed company in December said it... 

OZ takes advantage of higher copper price, lifts 2018 guidance

ASX-listed OZ Minerals has marked 2017 as a year of strong production and financial performance, with the miner reporting on Wednesday that it had achieved its copper production guidance for the... 

South32 boasts record manganese, aluminium production in December quarter

Triple-listed diversified miner South32 on Wednesday reported that, while it had achieved its guidance for all its operations during the three months to December 31, its South African manganese... 

Sarb appoints new MPC adviser

The South African Reserve Bank (Sarb) has appointed Fundi Tshazibana an adviser to the bank’s governors, effective February 19, making her the seventh member of the bank’s Monetary Policy Committee... 

November mining figures impress, but volatility seems to be on the cards

While the local November mining production statistics showed a relatively solid increase by 6.5% year-on-year, bolstered by platinum group metals (PGMs), iron-ore and coal, the longer-term... 

New indaba seeks to clear logistics, infrastructure challenges

The Cross-Border Mining Services Africa Indaba, which aims to bring senior-level professionals from mining companies, as well as mining contractors; engineering, procurement and construction... 

Grindrod facing delays with separate listing of shipping unit, but still positive about H1 completion

Owing to the cross jurisdictional nature of a proposed international listing by Grindrod, through which it is aiming to launch a separate listing of its shipping business, the various processes... 

ABB supplies motor for world’s steepest funicular railway

A 1.7 km funicular railway in the Swiss Alps, said to be the steepest in the world, has been brought into operation this week. The railway cable car, which can carry 36 passengers, is being powered... 

Alt Resources buys gold tenements from Latitude

ASX-listed Alt Resources has entered into a binding heads of agreement (HoA) with fellow-listed Latitude Consolidated to acquire a significant exploration tenement in the Mt Ida district, Western... 

Avanco takes option on Vale’s Pantera copper project

ASX-listed Avanco has agreed terms for an option to acquire 100% of the Pantera copper project from Brazilian major Vale, with a payment of $500 000 paid upon signing. Located near Avanco’s... 

Montezuma moves to scoping study as manganese test results exceed expectations

Test work carried out last year on the hydrometallurgical processing of ores from the ASX-listed Montezuma’s 100%-owned Butcherbird manganese project, in Western Australia, has triggered the... 

Australian LNG exports surge on strong Chinese demand

Australian liquefied natural gas (LNG) exports hit 56.8-million tonnes last year, jumping 26.3% from 44.9-million in 2016, owing to a watershed year of exports to China. Combined with higher oil... 

Acwa Power buys into blockchain currency

Power generation technology developer Acwa Power has adopted SolarCoin – the global reward programme for solar electricity generation – marking the first time a utility-scale generator joins the... 

GMEL looking to simplify refining at Kvanefjeld rare earths project

A technical optimisation programme, currently being undertaken at the Kvanefjeld project, in Greenland, has identified significant improvements at the project, Greenland Minerals and Energy (GMEL)... 

Bernard Olivier appointed as Mustang MD

ASX-listed Mustang Resources has appointed' Dr Bernard Olivier to its board as MD, and has created a new position of COO, which is filled by Cobus van Wyk. Olivier has stepped into the position... 

DTI invites black industrialists on Mozambique trade mission

The Department of Trade and Industry (DTI) has invited black industrialists to apply for participation in a trade mission to Mozambique from March 5 to 9. The mission forms part of the... 

Aggreko 28 MW HFO plant comes online in Madagascar

Electricity solutions provider Aggreko has started to supply stable power in Madagascar, using 28 MW of its heavy fuel oil- (HFO-) generated energy from its Noor 2 turbine, running alongside its... 

Enviro Loo lauded for contribution to water saving in South Africa

With South Africans facing uncertainty around future water supply, particularly in the drought-stricken Western Cape, a local toilet manufacturer has received the 2017 Southern African Company of... 

Seifsa warns US antidumping duties could hurt local steel industry

The Steel and Engineering Industries Federation of Southern Africa (Seifsa) is worried about the potential impact on the local steel industry of the US Department of Commerce’s (DoC’s) affirmative... 

Avocet defers sale of Burkina Faso operations at buyer’s request

Aim-listed Avocet has deferred the completion of the $5-million sale of its Resolute operations in Burkina Faso, to Ghana-based Balaji Group, to January 25. The struggling miner set the sale in... 

Monty copper/gold development on time, below budget

The Monty copper/gold deposit in Western Australia, which forms part of ASX-listed Talisman’s Springfield joint venture (JV) project with Sandfire Resources, has since the start of ground-breaking... 

WISP, Sarebi embark on Western Cape waste recycling programme

The Western Cape Industrial Symbiosis Programme (WISP) is recruiting candidates for an enterprise development programme that will result in the establishment of businesses in the province to make... 

Stavely signs earn-in, JV deal for copper tenement

ASX-listed Stavely Minerals has agreed terms for an earn-in and joint venture (JV) agreement with Black Range Metals – a wholly-owned subsidiary of ASX-listed Navarre Minerals for Black Range’s... 

Environmental dept aims to boost recycling, waste management through enterprise support

The Department of Environmental Affairs (DEA) has opened a request for proposals to receive comprehensive business plans and project proposals from start-up or emerging waste management and... 

DSV ByBox hits the 20 000 parcel mark

A partnership between South African oil and gas company Engen and logistics group DSV Global Transport and Logistics, which has seen the placement of automated parcel lockers known as DSV ByBoxes... 

Gold set to gain from retail, geopolitical risks, hedging

The gold price is expected to increase in the year ahead, driven by stronger interest from Asian retail investors and consistent interest in global gold exchange-traded funds, according to research... 

Protestor killed during community uprising at RBPlat’s North shaft

Royal Bafokeng Platinum (RBPlat) on Thursday said a person was killed after a group of more than 100 protestors – including former employees and unknown persons – attempted to gain unlawful access... 

Dell to recycle gold from e-waste for use in new motherboards, jewellery

Technology company Dell is piloting a project to recover gold from used electronics for use in new computer motherboards and jewellery. Dell has partnered with Wistron GreenTech, which uses an... 

Cora Gold to continue drilling at Mali projects

West Africa-focused gold exploration company Cora Gold has completed Stage 1 of its reconnaissance drilling programme at the company’s flagship Sanankoro gold discovery, in southern Mali. CEO Dr... 

Dragon updates mineral resources for Nordic mines

ASX-listed Dragon Mining has updated its mineral resources for its Nordic projects, returning a combined total mineral resource of 13.6-million tonnes, grading 3. 3 g/t gold for 1.43-million... 

Troy delivers highest production since March 2016 quarter

ASX-listed Troy Resources produced 6 224 oz of gold during December 2017, bringing the company’s quarterly production to 16 109 oz, Not only was this a 17% month-on-month increase, but it was also... 

Pantoro reports 44% y/y production increase

During the three months ended December, ASX-listed gold miner Pantoro produced a record 13 841 oz, compared with 13 282 oz in the previous quarter and 9 598 oz in the same period in the prior year.... 

Potash sampling confirms Carnegie potential

Brine analysis results for an initial auger sampling programme completed at the Carnegie Potash Project (CPP), owned by Kalium Lakes Limited (KLL) and BCI Minerals (BCI), through their Carnegie... 

Industry heavyweights praise State capture inquiry head appointment

South African business and industry on Wednesday lauded the appointment of Deputy Chief Justice Raymond Zondo to head the commission of inquiry into State capture. This followed President Jacob... 

Business seems more confident as political developments change landscape

Business sentiment in South Africa showed yet another month-on-month improvement, with the South African Chamber of Commerce and Industry (Sacci) reporting a 1.3 index point uptick in its Business...