NUM concerned about potential retrenchments at ten ferroalloy operations

The National Union of Mineworkers (NUM) is concerned about potential retrenchments having been announced by diversified miner Glencore and Samancor at their South African ferrochrome operations.... 

De Beers highlights environment, social, traceability milestones in latest sustainability report

Diamond mining major De Beers says it has made meaningful progress in areas such as emission reduction, safety and conservation, while advancing work on diamond provenance and traceability. In its... 

Perseus reaches accord with Tanzania govt on how to operate the Nyanzaga mine

ASX- and TSX-listed Perseus Mining has concluded a formal signing ceremony at the Nyanzaga gold project, in Tanzania, which involved the execution of critical mission agreements between the... 

Lycopodium posts healthy full-year net profit from strong portfolio of projects

ASX-listed integrated engineering, construction and asset management company Lycopodium has delivered earnings before interest, taxes, depreciation and amortisation of $68.7-million for the year... 

Wia Gold to raise A$30m for Namibia project DFS

ASX-listed Wia Gold has received binding commitments to raise A$30-million from the issue of 100-million new shares at a price of $0.30 apiece to existing, sophisticated and institutional... 

Premier African Minerals achieves saleable concentrate output, optimisation now underway

London-listed Premier African Minerals has completed a second phase test run of the primary flotation plant at its Zulu lithium and tantalum project, in Zimbabwe. The company confirms that the... 

Kenmare declares $0.10 interim dividend despite lower profit

London-listed titanium and zircon producer Kenmare Resources has declared an interim dividend of $0.10 apiece for the six months ended June 30. The board has recommended the interim dividend and... 

Lobito Atlantic Railways announces respective CEO, chairperson appointments

Angolan rail operator Lobito Atlantic Railways (LAR) on August 19 announced the appointment of Nicholas Fournier CEO and Alexandre Canas chairperson, marking the formal separation of the two roles.... 

Land Bank Insurance Company offers new automatic climate-safeguarding product for crop farmers

The Land Bank Insurance Company has announced that it will expand its pilot product “index insurance” by introducing Area-Yield Index Insurance (AYII) This offering is designed to safeguard... 

Syrah receives $6.5m from DFC to ramp up Balama after suspension

ASX-listed Syrah Resources and its subsidiary Twigg Exploration and Mining has received a $6.5-million disbursement from its loan with the US International Development Finance Corporation (DFC).... 

Aveng posts R1.1bn attributable loss but green shoots ahead in new financial year

JSE-listed engineering contractor Aveng has reported an attributable loss of A$92.3-million, or R1.1-billion, for the financial year ended June 30, owing to A$98.5-million worth of losses recorded... 

Heraeus says gold prices holding steady, silver enjoys ETF activity

Refinery services provider Heraeus says in its latest precious metals appraisal that gold will not be subject to US import tariffs that have been imposed on various countries, and that gold prices... 

Agri sector achieves 26% increase in export value in the second quarter

Despite the immense uncertainty having been created by the US announcing impending import tariffs on South African goods earlier this year, the agriculture sector has recorded 26% higher exports... 

South Africa Wine lists pertinent focus areas for industry growth in the medium term

In line with industry projections made in the Bureau for Food and Agricultural Policy’s (BFAP’s) ‘Baseline 2025’ report, industry body South Africa Wine has identified strategic priorities to... 

Macpherson lauds women’s contributions to built environment during Erwic awards

During the opening of the 2025 Empowerment and Recognition of Women in Construction (Erwic) awards on August 14, Public Works and Infrastructure Minister Dean Macpherson lauded the resilience of... 

Sustained lower inflation will drive growth, says EY

Headline consumer inflation is expected to rise slightly in coming months, but core inflation is anticipated to remain subdued, says consultancy EY. As South Africa navigates a path toward... 

Almonty on track to start initial production at flagship South Korean tungsten mine

Tungsten miner Almonty Industies CEO and president Lewis Black says the company has made solid strides across several strategic initiatives to lay the groundwork for the company’s next phase of... 

Gold Road confirms shareholders will vote on takeover by Gold Fields in Sept

ASX-listed Gold Road Resources has confirmed that a scheme booklet related to an entity of Gold Fields acquiring all of Gold Road’s shares has been registered with the Australian Securities and... 

University entities offer testing, productivity support for all sizes of auto suppliers

In efforts to scale up the capacities of Tier 2 and Tier 3 automotive suppliers, as well as new-energy vehicle component manufacturers, two entities hosted at the Nelson Mandela University, in... 

Eastern Cape Premier outlines practical measures to mitigate against further auto company losses

As the automotive industry starts to experience the negative effects of US import tariffs and a possible additional 10% import tariff on BRICS+ countries in future, Eastern Cape Premier Lubabalo... 

Influx of global pressure necessitates faster transformation in auto industry

Amid external pressures on South African automotive vehicle and component manufacturers making it difficult to remain competitive, the industry is also faced with other development imperatives such... 

Cummins South Africa on track to rebuild 120 engines at Midrand centre this year

Integrated power solutions company Cummins South Africa is on track to rebuild 120 engines this year at its Master Rebuilt Centre (MRC), in Midrand. The facility has the capacity to rebuild 14... 

Mashatile confident auto sector can leverage new opportunities amid ongoing negotiations with the US

Addressing delegates at the National Association of Automotive Components and Allied Manufacturers’ (NAACAM’s) 2025 Show, in Gqeberha, on August 14, Deputy President Paul Mashatile acknowledged... 

Experts call for more assertive, structured solutions to retain auto competitiveness

While automotive production in South Africa has largely recovered to pre-Covid-19 levels, it remains well below the South Africa Automotive Masterplan (SAAM) target of 900 045 vehicles being... 

Tau outlines govt response to automotive sector challenges

Trade, Industry and Competition Minister Parks Tau has said the National Association of Automotive Component and Allied Manufacturers (NAACAM) is hosting its 2025 Show, in Gqeberha, at a defining... 

Ramaphosa invites nominations for new PCC commissioners

President Cyril Ramaphosa has called for new public nominations for members of the Presidential Climate Commission (PCC). The PCC, as a multi-stakeholder advisory body, facilitates social... 

Premier progresses Zulu plant optimisation

London-listed Premier African Minerals says the commissioning of a second phase of the Zimbabwe-based Zulu lithium and tantalum project’s processing plant is progressing on schedule, including... 

Petra announces notes, debt refinancing and lower yearly revenue

London-listed Petra Diamonds has advised of a refinancing endeavour it aims to have completed before the end of the year. The company has, over the past 18 months, been focused on internal... 

Thungela warns of lower interim earnings amid tough market conditions, restructuring costs

JSE-listed coal miner Thungela Resources has advised that both its headline earnings per share (HEPS) and earnings per share (EPS) for the six months ended June 30 will be between R7.42 and R8.12... 

Commodity-dependent countries are missing out on fiscal benefits of value-addition – Unctad

While commodities are a vital engine for global trade, it is value addition that holds the key to more diverse and resilient economies, says United Nations Trade and Development (Unctad). The share... 

Transnet is becoming a national strategic asset worth investing in – Ninety One

Global investment manager Ninety One says State-owned entity (SOE) Transnet’s turnaround signals a new era for South Africa’s logistics and infrastructure investment. With reforms under way and... 

CESA announces finalists for Aon Engineering Excellence Awards

Industry body Consulting Engineers South Africa (CESA) has announced the finalists of the 2025 Aon Engineering Excellence Awards, which honour outstanding projects, organisations and individuals... 

Barrick Gold reaches ‘safe closure’ of 13 tailings sites, aims to close five more soon

NYSE- and TSX-listed gold miner Barrick Mining Corporation has fulfilled its commitment to provide disclosure on its tailings facilities, in accordance with the Global Industry Standard on Tailings... 

Kodal readies Bougouni site for first exports of stockpiled spodumene concentrate

While Aim-listed Kodal Minerals continues to finalise the requirements for an export permit in Mali, large stockpiles of spodumene concentrate are mounting on site at its Bougouni lithium project.... 

New CEO appointed for Anglo American-backed green steel venture PeroCycle

Anglo American-backed industrial decarbonisation venture PeroCycle has appointed Grant Budge CEO. This coincides with the opening of a £4-million seed round to fund pilot deployment of PeroCycle’s... 

Petrol price to decrease by 28c, but diesel prices to increase by more than 60c

Mineral and Petroleum Resources Minister Gwede Mantashe has announced that the price of Petrol 93 and 95 will decrease by 28c/ℓ, while the prices of diesel 0.05% and 0.005% sulphur will increase by... 

TymeBank outlines economic indicators that can assist SMEs with business planning

Digital bank TymeBank says various international and local factors are affecting South African small- and medium-sized enterprises (SMEs) in both positive and negative ways. Ahead of more economic... 

First Quantum secures long-term capital through gold streaming agreement

TSX-listed First Quantum Minerals has entered into a gold streaming agreement with RGLD Gold, with First Quantum to receive a $1-billion upfront cash payment in exchange for gold deliveries... 

Gold Fields foresees 203% interim headline earnings rise

JSE-listed Gold Fields expects to report at least a 203% year-on-year increase in headline earnings per share (HEPS) to between $1.09 and $1.21 for the six months ended June 30. The company... 

Heraeus says prolonged high gold prices lower jewellery demand in key regions

Refinery services provider Heraeus finds in its latest precious metals appraisal that Chinese gold jewellery consumption has reduced owing to high prices – similar to what has happened in India....