LBMA fast-tracks refiner transparency

Independent precious metals authority the London Bullion Market Association (LBMA) has advanced the implementation of its proposals requiring refiners to publicly disclose additional information... 

Main construction under way at Pensana’s Angola project

London-listed Pensana announces that, following Angolan sovereign wealth fund Fundo Soberano de Angola (FSDEA)’s deployment of $25-million mine finance, main construction activities have begun on... 

BLSA CEO calls for proper fiscal prudence in revised budget

Finance Minister Enoch Godongwana will deliver a revised Budget speech this week, and it is crucial that this strikes the right balance of fiscal prudence, business organisation Business Leadership... 

Govt vows to continue growth push as S&P maintains a positive outlook on South Africa

Following S&P Global Ratings’ decision to affirm South Africa’s long-term foreign and local currency debt ratings at ‘BB-’ and ‘BB’, respectively, and maintain the positive outlook, government’s... 

Hydrox nearing commercialisation of hydrogen technology, opportunities abound for saving curtailed energy

Hydrogen technology company Hydrox Holdings is progressing the development of its pioneer Divergent-Electrode-Flow-Through (DEFT) hydrogen technology, a membrane-less electrolyser, with the company... 

Technology advancements require organised labour to adapt

The rapid advancements in technology pose both challenges and opportunities for employment and the labour market and it is crucial that organised labour adapts accordingly to ensure it plays a role... 

African customs event highlights role of customs as a trade enabler

The thirty-first World Customs Organisation East and Southern Africa (WCO ESA) regional governing council meeting was held, in Pretoria, on May 15, with WCO chairperson Professor Edward Kieswetter... 

Committee calls for improvements in efforts to quell bus attacks

The Portfolio Committee on Police has expressed concern about the low figure for arrests of “perpetrators of attacks and extortion on long-haul buses, despite clear evidence provided by bus... 

Neo Energy makes CEO, board changes as it advances South African uranium goals

Uranium developer Neo Energy has appointed Theo Botoulas as its new CEO and executive director, effective immediately. Botoulas, who is based in South Africa, is a seasoned mining executive with... 

Transnet, Transnet Engineering open for collaboration as part of turnaround plans

Rolling stock manufacturer and maintenance company Transnet Engineering on May 12 held an Industry Day at its Pretoria facility, as part of its aim to be transparent, during which the division, and... 

Informal-sector small businesses lagging their formal-sector counterparts – TIPS

Available data suggest that formal small businesses contributed 19% of GDP and 33% of employment in 2023, according to nonprofit Trade and Industrialist Strategies’ (TIPS’s) ‘State of Small... 

DBSA supporting urban development through GEF-funded programme

Development finance institution the Development Bank of Southern Africa (DBSA) has highlighted its role in advancing sustainable infrastructure development in partnership with the Global... 

Volt to undertake gold exploration programme at Kouroussa

ASX-listed Volt Resources is planning to undertake an initial drilling programme on the northeast section of the Kouroussa prospect, following a review of the results of the previous sampling and... 

KoBold Metals to acquire AVZ’s interests in DRC lithium deposit

Bill Gates-backed US company KoBold Metals and Australia-headquartered AVZ Minerals have agreed on a framework for KoBold to buy AVZ’s interests in the Manono lithium deposit, in the Democratic... 

Gemfields’ Zambia mine to restart focused openpit mining

JSE- and Aim-listed Gemfields Group announced that Kagem Mining, the emerald mine in Zambia which is 75% owned by Gemfields and 25% owned by the government through the Industrial Development... 

Joburg mayor outlines measures to mitigate city’s challenges

Executive mayor of the City of Johannesburg Dada Morero has acknowledged that the city is in a “crisis”, with “extreme actions” required to mitigate this. Delivering the State of the City Address... 

Experts, indigenous peoples’ leaders call for ethical practices in meeting critical minerals demand

Experts and indigenous peoples’ leaders have called for an end to rights abuses and environmental destruction driven by the growing global demand for critical minerals. In a briefing on April 30,... 

Kazera awarded $11.9m in Aftan arbitration

Aim-listed Kazera Global has received a comprehensive and favourable ruling in binding arbitration proceedings against Namibian company Hebei Xinjian Construction, with a total award of about... 

Vast Resources reports additional diamonds from historical parcel release

Aim-listed Vast Resources reports that the Kimberly Process inspection of a diamond parcel previously held in Zimbabwe has revealed an additional quantity of diamonds in the sealed parcel, the... 

Shuka’s secondary listing on JSE approved

Aim-listed Shuka Minerals has received formal approval from the JSE and the South African Reserve Bank (SARB) for a secondary listing of its ordinary shares on the JSE, with trading expected to... 

Tshwane executive mayor highlights role of SMMEs in economic growth

Small, medium-sized and microenterprises (SMMEs) are key players in the economy and require support to overcome challenges, including a lack of access to market opportunities and finance, and... 

Exxaro reaches mutual separation agreement with former coal head

JSE-listed Exxaro Resources on April 24 reached a mutual separation agreement with Kgabi Masia, its former chief coal operations officer. This development will not affect the company’s operations,... 

MetalsGrove Mining acquires three gold JV permits in Côte d’Ivoire

ASX-listed MetalsGrove Mining has completed the acquisition of three gold joint venture (JV) permits in central-west Côte d’Ivoire. The permits are strategically located between 60 km and 140 km... 

Cesa warns of potential unintended consequences of creating an Office of the Engineer-General

Industry organisation Consulting Engineers South Africa (Cesa) CEO Chris Campbell has expressed reservations about the proposed creation of an Office of the Engineer-General within the public... 

President calls for protection of workers’ rights to build an inclusive economy

With some people and political parties calling for South Africa’s labour laws to be relaxed in response to the prevailing economic climate and high unemployment rate, President Cyril Ramaphosa... 

Endeavour on track to achieve full-year guidance following strong first quarter

London-listed Endeavour Mining says it achieved a strong performance for the first quarter, with production of 341 000 oz at an all-in sustaining cost of $1 129/oz. The company is on track to... 

Aterian to accelerate African growth with trade facility

London-listed Aterian has secured signed subscriptions for £468 000 of equity capital targeted through the issue of convertible bonds to both new and existing investors. It is intended that... 

Emmerson approaches ICSID for arbitration over Morocco project

Aim-listed Emmerson has submitted a request for arbitration (RFA) to World Bank arm the International Centre for Settlement of Investment Disputes (ICSID) regarding what it says are breaches by the... 

Trump’s tariffs to weigh on US, global economies

The sweeping tariffs recently imposed by the US are expected to cause significant damage to the global economy, economists noted during a webinar hosted by Fitch Solutions unit BMI on the impact of... 

MC Mining achieves significant development milestones at Makhado

JSE-listed MC Mining’s Makhado steelmaking hard coking coal (HCC) project, in Limpopo, achieved significant development milestones towards commissioning of the coal handling and preparation plant... 

Perseus maintains full-year production guidance

ASX-listed Perseus Mining has maintained its full-year production guidance at between 469 709 oz and 504 709 oz of gold at an all-in sustaining cost (AISC) of between $1 250/oz and $1 280/oz, after... 

Jupiter reports strong quarterly performance at Tshipi

ASX-listed Jupiter Mines says that the Tshipi manganese mine, in South Africa, delivered an “outstanding” operational and financial performance in the third quarter ended March 31, with sales... 

First-quarter gold demand underpinned by increasing ETF inflows

Total gold demand increased by 1% year-on-year to 1 206 t – the highest for a first quarter since 2016, industry organisation the World Gold Council’s new report on gold demand trends for the first... 

Gautrain to offer complimentary midibus service for SAAF Show

Passenger rail company the Gautrain is offering a complimentary midibus shuttle service from Centurion Station to the yearly South African Air Force (SAAF) Museum Air Show at the Air Force Mobile... 

WeBuyCars to report higher interim earnings

JSE-listed WeBuyCars expects its core headline earnings for the six months ended March 31 to be between R500.2-million to R516.3-million – a 24% to 28% increase from the R402-million in core... 

Sandfire delivers robust results despite headwinds

ASX-listed Sandfire Resources says it delivered robust operating results in the quarter ended March 31, as its teams responded well to unprecedented rainfall at both Motheo, in Botswana, and its... 

Kore receives draft financing proposal for Kola project

Potash development company Kore Potash has received the draft financing proposal and associated draft nonbinding term sheets for its 97%-owned Kola potash project, in Congo-Brazzaville, from the... 

Canyon subsidiary receives approval for access to land at Cameroon port

ASX-listed Canyon Resources’ wholly-owned in-country subsidiary Camalco Cameroon has received approval from the Port Authority of Douala to secure access to the land at the Port of Douala, in... 

Gemfields ruby auction yields $7.2m in revenue

Gemstone miner Gemfields’ mini auction of rough rubies recovered from its 75%-owned Montepuez Ruby Mining (MRM) operation, in Mozambique, has generated revenue of $7.2-million at an average sales... 

Perseus to proceed with $523m development of Tanzanian project

ASX- and TSX-listed Perseus Mining has taken a final investment decision (FID) to develop the Nyanzaga gold project, in Tanzania, following an update of the project’s feasibility study. Perseus has...