Zambia prioritises copper output over pollution control – BMI

Zambia’s antipollution measures are unlikely to lead to major pollution reductions as the government continues to place a higher priority on copper output growth, BMI – a Fitch Solutions company –... 

Implats posts 70% earnings drop but shields investors with R1.65 dividend

Platinum group metals (PGMs) miner Impala Platinum (Implats) has reported weaker earnings for the financial year ended June 30, but says it will maintain shareholder returns, declaring a final... 

Stage 2 dewatering at Kakula expected to start imminently

Following the seismic activity that occurred at the Kakula copper mine, in the Democratic Republic of Congo, in May, Kamoa-Kakula’s engineering team implemented a three-stage plan to dewater the... 

Italtile boosts shareholder returns with 17% rise in total dividends despite flat profits

Despite turnover being slightly down and profits flat, JSE-listed Italtile has rewarded shareholders with a significant uplift in dividends, with a notable 26% jump in the special dividend, helping... 

BLSA’s Mavuso hails rail slot allocations as breakthrough in logistics crisis

Transport Minister Barbara Creecy’s announcement on August 22 that 11 train operating companies have been allocated rail slots across 41 routes and six corridors marks an important step toward... 

Hulamin’s earnings slump spurs exit from noncore businesses

JSE-listed Hulamin’s financial results for the six months ended 30 June have revealed that the company’s earnings are under significant pressure, resulting in decisive portfolio restructuring to... 

Economic and regulatory constraints are putting South Africa’s fuel supply at risk

South Africa’s fuel supply system is under strain, as the country continues to rely heavily on imports amid stagnating infrastructure investment and unresolved regulatory issues. “We’re in a new... 

Economic and regulatory constraints are putting South Africa’s fuel supply at risk

South Africa’s fuel supply system is under strain, as the country continues to rely heavily on imports amid stagnating infrastructure investment and unresolved regulatory issues. “We’re in a new... 

Sungrow brings inverter, advanced ESS to Middle East and Africa

Solar power company Sungrow has launched its 1+X 2.0 next-generation split modular utility-scale inverter in the Middle East and Africa (MEA) region. This inverter, which was launched on August 21... 

Firering gains full control of Atex, Alliance projects as Ricca withdraws

Aim-listed emerging quicklime producer and critical minerals explorer Firering Strategic Minerals has confirmed that it has received a formal notice of withdrawal from Ricca Resources in respect of... 

Mining cost inflation, lower prices cause Northam profits to slump 25% despite record sales

Platinum group metals (PGMs) miner Northam Holdings has reported a 25.5% year-on-year decline in operating profit to R3.6-billion for the year ended June 30, as rising mining cost inflation and... 

GoviEx to merge with Tombador to form Atomic Eagle

Mineral resource company GoviEx Uranium has signed an agreement with ASX-listed Tombador Iron to carry out a reverse takeover. The deal will see GoviEx shareholders become the majority owners of a... 

Minerals Council will continue to engage DMPR on Mineral Resources Development Bill

The Minerals Council South Africa has said it will continue to engage extensively with the Department of Mineral and Petroleum Resources (DMPR) on the Mineral Resources Development Bill (MRDB) to... 

Tribunal approves buyout of Barloworld

The Competition Tribunal has approved the sale of Barloworld to a group of the company’s senior managers and a Saudi Arabian investor group. The approval came with strict conditions aimed at... 

Tribunal approves buyout of Barloworld

The Competition Tribunal has approved the sale of Barloworld to a group of the company’s senior managers and a Saudi Arabian investor group. The approval came with strict conditions aimed at... 

MC Mining starts openpit mining at Makhado

Australia- and Johannesburg-listed MC Mining has started openpit mining at its flagship Makhado steelmaking hard coking coal project, in Limpopo. An associated coal handling and preparation plant... 

Appeal suspends ECSA sanctions against engineer in George building collapse

The disciplinary sanctions imposed on engineer Atholl Mitchell by the Engineering Council of South Africa (ECSA) following the deadly George building collapse are currently suspended pending the... 

PIC calls for greater private investment to bridge Africa’s $170bn infrastructure gap

The Public Investment Corporation (PIC) has called for more investment to bridge Africa’s infrastructure gap in its second research paper, titled ‘Using Listed and Unlisted Financial Instruments to... 

B20 task force warns of global food system collapse without urgent action

The looming global food crisis is not hypothetical but a reality that needs to be urgently addressed, B20 Sustainable Food Systems and Agriculture Task Force chairperson Debra Mallowah has said.... 

Western Cape govt downgrades its economic growth ambitions following South Africa’s diplomatic fallout with the US

Following the diplomatic failures that have transpired between South Africa and the US over the past six months, along with the 30% tariffs imposed on South African exports to the US as of August... 

Kropz draws down second tranche of R30m from R200m loan facility

Aim-listed emerging African phosphate producer and developer Kropz has made its second drawdown of a R200-million loan facility that was agreed to between Kropz Elandsfontein and ARC Fund on July... 

Zambia prioritises copper output over pollution control, heightening environmental risks, BMI says

Zambia’s antipollution measures are unlikely to lead to major pollution reductions as the government continues to place a higher priority on copper output growth, BMI – a Fitch Solutions company –... 

Sacci reports improvement in business climate over short and medium term

The business climate has improved over the short term, between June and July, as well as over the medium term, from July 2024 to July this year, according to the South African Chamber of Commerce... 

Coega, Anda sign agreement to advance Alfred Nzo Industrial Park

The Coega Development Corporation (Coega) and the Alfred Nzo Development Agency (Anda) have signed a landmark service level agreement (SLA) at Coega’s offices in East London, marking a significant... 

Teke succeeds Ndolvu as FutureCoal chairperson

The Global Alliance for Sustainable Coal (FutureCoal) has appointed Seriti Resources CEO Mike Teke as its new chairperson, effective August 12, following the retirement of July Ndlovu.  As... 

Sasol expects rebound in full-year EPS

JSE-listed integrated energy and chemicals company Sasol has announced that it expects its earnings per share (EPS) for the year ended June 30, to be more than 100% higher year-on-year, at between... 

Harena raises £180 000 through subscription

London-listed rare earths company Harena Resources has raised further gross proceeds of about £180 000 through an oversubscribed subscription of 12.1-million new ordinary shares with certain... 

Jubilee board urges shareholders to approve sale of chrome, PGM ops to One Chrome

Jubilee’s board of directors has unanimously recommended that shareholders vote in favour of the proposed sale of the company’s South African chrome and platinum group metal (PGM) operations to One... 

Hindustan Zinc becomes twenty-fifth ICMM member

The world’s largest and India’s only integrated zinc producer Hindustan Zinc has joined mining and metals advocacy group ICMM as its twenty-fifth company member.  In line with the ICMM’s member... 

Dark Star secures full rights to Namibian uranium projects in $3.5m deal with Critical One

The sale of CSE-, FSE- and OTCQB-listed Critical One Energy’s uranium assets in Namibia to CSE- and FSE-listed Dark Star Minerals has officially closed, marking a significant milestone in the... 

Wesizwe CEO resigns owing to ill health

Owing to ill health, JSE-listed Wesizwe CEO Long Zou has announced that he will step down from his position effective immediately. He will also be resigning as executive director. 

Defy to invest additional R500m in SA over next five years

South African home appliance manufacturer Defy will invest an additional R500-million in its local operations over the next five years, CEO Mustafa Soylu said on July 22. Speaking at an event at... 

ECSA cancels engineer’s registration following George building collapse

The Engineering Council of South Africa (ECSA) has formally brought charges against an engineer in connection with the structural collapse of an unfinished building in George on May 6, 2024. The... 

South Africa risks new jet fuel shortage by October if urgent regulatory reforms are not made – Tshifularo

South Africa could face another jet fuel supply crisis by October unless urgent regulatory reforms are made, Fuel Industry Association of South Africa CEO Avhapfani Tshifularo has warned. Speaking... 

US lashing out because it is a declining empire – Mantashe

Mineral and Petroleum Resources Minister Gwede Mantashe has said the 30% tariffs imposed on South African exports to the US are a form of death throes aggression, alleging that it is a desperate... 

Mantashe wants all diamond producers to contribute towards collective diamond marketing efforts

After attending a high-level Ministerial roundtable in Luanda, Angola, in June, Mineral and Petroleum Resources Minister Gwede Mantashe has proposed that South African diamond producers contribute... 

US tariffs expected to have significant impact on metals, engineering sector, Seifsa warns

The 30% tariff on South African exports to the US is expected to have a significant and multidimensional impact on the South African metals and engineering sector, Steel and Engineering Industries... 

Barrick invested $48m in community projects in 2024

NYSE- and TSX-listed Barrick Mining Corporation invested more than $48-million in community-led projects in 2024 through its community development committees (CDCs), the company said in its 2024... 

West Wits advances toward production at Qala Shallows

ASX- and OTCQB-listed West Wits Mining is advancing through the mobilisation phase at its flagship Qala Shallows project, in South Africa, as the team progresses toward first gold production, the... 

Caracal enters into exclusivity agreement with Tanzanian company

LSE-listed Caracal Gold has entered into an exclusivity agreement with Tanzanian mining and exploration company Pumba Resources in respect of its portfolio of gold prospecting licence applications...