Commission grants approval for England-based Prax to acquire Natref

The Competition Commission has conditionally approved a proposed transaction between Prax South Africa and the National Petroleum Refiners of South Africa (Natref), whereby the former intends to... 

ARC stresses need for farmers’ access to finance, insurance in light of growing climate risk

With the agriculture sector’s 33-million smallholder farmers contributing 70% of Africa’s food supply, it is pertinent that more innovative financing mechanisms are created as the continent... 

Italtile announces C-suite changes

JSE-listed tile retailer Italtile has announced it will move CFO Brandon Wood to the position of COO and appoint Lamar Booysen CFO. Both will remain executive directors on the board. Italtile... 

Orange export volumes will be lower than initially expected – CGA

The Citrus Growers’ Association of Southern Africa (CGA) has revised downward its estimates for Navel orange exports this season to 22-million 15 kg cartons. The association initially expected... 

Atlantic progresses large sampling programme on second lithium prospect in Ghana

Aim-listed Atlantic Lithium has collected 1 344 soil samples from the Ewoyaa lithium project surrounds in Ghana, with more than 5 400 samples still being collected in an ongoing geochemical soil... 

Sapics, SAAFF to host supply chain, logistics discussions in Cape Town

Supply chain management body Sapics, together with the Southern African Association of Freight Forwarders (SAAFF), will host its forty-sixth yearly conference, in Cape Town, from June 9 to 12, to... 

Gem Diamonds recovers sixth large diamond from Letšeng this year

London-listed Gem Diamonds has recovered a 212.49 ct Type II white diamond from its 70%-owned Letšeng mine, in Lesotho. This is the sixth diamond weighing more than 100 ct to be recovered at the... 

Marula reports high-grade manganese assays from testwork with potential offtaker

UK- and South Africa-listed battery metals miner Marula Mining has reported average grades of 35.73% from manganese samples taken from the Larisoro manganese mine, in Kenya. The company garnered... 

Blencowe continues to advance graphite prequalification work, expects offtake agreements soon

As London-listed Blencowe Resources advances the definitive feasibility stage of the Orom-Cross graphite project, in Uganda, towards production near the end of 2025, the company has had various... 

Jupiter forecasts higher manganese prices in coming months

ASX-listed Jupiter Mines marketing head Tracey Cloete says manganese ore prices are likely to trade higher than the historical average in coming months owing to supply disruptions. Jupiter has a... 

Resolute appoints mining veteran Wray to succeed Botha as chairperson

Australia- and London-listed Resolute Mining has appointed Andrew Wray nonexecutive director. He will also succeed chairperson Martin Botha when he retires at the end of August.  

Nordex Energy South Africa progresses impactful internship programme

Original-equipment manufacturer Nordex Energy South Africa (Nesa) is progressing well with an internship programme for promising young engineers and technicians across three provinces. The... 

Many Peaks starts major drill programme at Côte d’Ivoire project

ASX-listed Many Peaks Minerals has started a 6 500 m diamond and auger drilling campaign on the Odienné project, in Côte d’Ivoire. One thousand metres of diamond drilling is planned for five... 

Firefinch, Morila served with arbitration notice over payment dispute

ASX-listed Firefinch has received a notice of arbitration from mining services contractor Enterprise Générale Traoré et Frères (EGTF), in Mali. EGTF also named Société des Mines de Morila... 

Pensana lauds Angola’s performance in this year’s Fraser Institute rankings

London-listed Pensana commends the government of Angola for instilling attractive policies and growing interest in the country’s exploration potential. This comes as the country recorded an... 

Standard Bank undertakes largest student housing financing endeavour in Africa

Financial services provider Standard Bank has partnered with global advisory firm MiDA Advisors and real estate developer Acorn Holdings to mobilise long-term blended finance commitments for green... 

Neasa asks Patel, Itac to stop imposing upstream steel import duties

The National Employers' Association of South Africa (Neasa) says government’s duties on imported steel only serve to support ailing primary steel producer ArcelorMittal South Africa (AMSA). Neasa... 

Pan African announces capital reduction to recover overpaid distributions

JSE- and Aim-listed Pan African Resources will host a general meeting in London on June 10 to discuss a proposed capital reduction programme. Additionally, the company expects a court hearing to... 

Brikor anticipates more than 100% improvement in full-year earnings

AltX-listed construction materials provider Brikor expects to post earnings a share of between 0.9c and 1.1c for the financial year ended February 29, compared with a loss a share of 0.7c in the... 

Tourism Transformation Fund has approved R272m of financing assistance

The Tourism Transformation Fund (TTF) has approved transactions to the value of R272-million since its inception in 2017. The TTF was launched as a collaborative effort between the Department of... 

Emmerson pleased with innovative processing method to be used at Morocco project

Aim-listed potash development company Emmerson’s main priority at this time is obtaining environmental approval for the Khemisset project, in Morocco. The company advises that a scoping study... 

Sappi signs solar PPA deal for local operations

JSE-listed paper and packaging manufacturer Sappi has posted a 10% year-on-year increase in its earnings before interest, taxes, depreciation and amortisation (Ebitda) to $183-million for the... 

Equites wheeling power to HQ in Cape Town

Property developer Equites Property Fund has officially started wheeling renewable energy onto Cape Town’s grid from solar panels atop its newly built distribution centre in Parow. The company is... 

Lexington confirms gold mineralisation extends beyond historical drill sites at Bothaville

Aim-listed Lexington Gold has completed 2 355 m of drilling at the Bothaville project, in South Africa’s Free State province, which proves the concept of A-Reef channels occurring on the site.... 

Bidcorp turns record revenue in first ten months of its 2024 financial year

JSE-listed foodservice group Bidcorp Group has recorded record group revenues in the ten months ended April 30 across all the regions in which it operates. The group has foodservice businesses in... 

Schneider launches local EV charging solution

Energy management and automation company Schneider Electric has launched a local electric vehicle (EV) charging solution, to cater for African countries’ transition away from fossil fuel-powered... 

PGM prices impact on Tharisa’s first-half profit, but market fundamentals are ‘solid’

JSE-listed platinum group metals (PGM) and chrome producer Tharisa has reported a 20% year-on-year decrease in net profit after tax, at $38.8-million, for the six months ended March 31, compared... 

Junior coal miners bemoan logistics as single-biggest challenge to their survival

Logistics inefficiencies in South Africa are the single-biggest reason why junior mining companies are likely to fail, said midtier coal producer Ndalamo Resources. Ndalamo CEO Shammy Luvhengo... 

Expert suggests new ways junior miners can classify resources

A key issue with all mineral projects is the quantification of risk and uncertainty, which has always been narrowed down to grade estimation issues; however, just basing the mineral resource... 

Daimler Truck Southern Africa launches electric heavy-duty truck range

Original-equipment manufacturer (OEM) Daimler Truck Southern Africa (DTSA) has launched a line of electric heavy-duty trucks, called eActros, as part of its Power Up electric mobility offering.... 

NOA Group acquires early-stage Khauta solar farm in the Free State

Local integrated energy company NOA Group has successfully acquired the 350 MW Khauta solar PV facility, near Welkom, in the Free State, from PNE, which started the development of the facility. The... 

GVK completes 20-storey student housing block in Cape Town

Privately owned construction company GVK-Siya Zama has completed construction of a 20-storey, 3 000-bed student accommodation block in Cape Town. The 77 000 m2 development also includes 6 700 m2 of... 

BCIMA urges construction industry to increase safety measures in wake of George tragedy

The Building and Construction Industry Medical Aid Fund (BCIMA) has called for a review of the safety practices on construction sites and the prioritisation of the health of construction workers... 

Wine grape supply balances with demand in 2024 harvest season

The 2024 wine grape harvest has yielded 1.09-million tonnes from 87 848 ha, which is 7% lower than the prior harvest season, industry body Vinpro reports. Vinpro consultation services manager Dr... 

Astral poultry division makes notable financial recovery in H1

JSE-listed integrated poultry producer Astral Foods has reported improved results for the six months ended March 31, on the back of its “reset, refocus and restart campaign” which was launched in... 

TPT starts financial year off with increases in bulk, container volumes

State-owned ports manager Transnet Port Terminals (TPT) has recorded a 10% year-on-year increase in container volumes moved across all 19 of its terminals in the first six weeks of the 2024/25... 

Get Steel invites comment on proposed foundry project in Benoni

Local steel processing company Get Steel has invited interested and affected parties to submit comments on a draft scoping report into the refurbishment of the Naledi Foundry, in Benoni, Gauteng.... 

Glencore expands adherence to standards, reporting frameworks to ensure sustainability

Global diversified miner Glencore’s emissions and energy use increased in 2023, but the group continues to make strides in managing its operations sustainably and according to ever-evolving... 

Jupiter plans to replicate sustainability approach of Tshipi at other manganese mines

ASX-listed Jupiter Mines continues to advance environment, social and governance (ESG) initiatives at its 49.9%-owned Tshipi manganese mine, in South Africa, alongside its partner Ntsimbintle... 

Harena secures US offtaker for rare earth products from incoming Madagascar project

Australian natural resources company Harena Resources has signed a nonbinding indicative offtake term sheet with US-based United Rare Earths for the sale and purchase of mixed rare earth carbonate...