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Opinion: R47bn of South Africa's exports exposed to EU CBAM as EU climate wave reaches South Africa’s shores
24th November 2023

In this opinion article, sustainability consultant Rhys Newton-Hill and Brundtland Consulting partner Henk Sa provide an in-depth analysis of the potential impact of the European Union's (EU's)... 


Russian gold miner Uzhuralzoloto raises $78m in Moscow IPO
22nd November 2023 By: Reuters

Russian gold miner Uzhuralzoloto (UGC) said on Wednesday it had raised 7-billion roubles ($78-million) in an initial public offering on the Moscow Exchange, pricing at the lower end of its range.... 


Platinum Group Metals CEO Frank Hallam
New platinum group metals demand may be on way in energy generation and storage
22nd November 2023 By: Martin Creamer

New demand for platinum group metals (PGMs) may be created in the energy generation and storage field, Toronto- and New York-listed Platinum Group Metals (PTM) stated on Wednesday. The unique... 


Report proposes replication of collaborative water model in electricity sector
20th November 2023 By: Terence Creamer

A new PwC report makes the case for replicating a collaborative infrastructure model that has been used in South Africa’s Limpopo province to provide bulk water to both mines and some 400 000... 


MTN Investments settles part of Eurobond notes a year early
17th November 2023 By: Marleny Arnoldi

JSE-listed telecommunications group MTN company MTN Investments has received valid tenders of $353.1-million for the purchase on November 16 in a cash tender offer for notes that are due on... 


Image of construction workers on site
Tackling the construction sector skills shortage
17th November 2023

South African construction materials supplier AfriSam says that the company’s ongoing investment in training and development aims to address the lack of technical skills which it says is hampering... 


Crime epidemic
17th November 2023 By: Martin Zhuwakinyu

In a stranger-than-fiction incident earlier this month, Transport Minister Sindisiwe Chikunga and two of her armed protectors were ambushed and robbed at gunpoint near Vosloorus, on Gauteng’s East... 


Emira’s interim distributable earnings dip by 18% on one-off events
16th November 2023 By: Marleny Arnoldi

JSE-listed Emira Property Fund has posted an 18% year-on-year decrease in distributable earnings of R310-million for the six months ended September 30, mainly owing to disposals and lower income... 


Dipula Income Fund CEO Izak Peterson
Dipula grows revenue, NAV and portfolio value, but distributable earnings decrease
15th November 2023 By: Schalk Burger

JSE-listed real estate investment trust Dipula Income Fund increased its revenue by 3% year-on-year to R1.4-billion and its net asset value (NAV) by 2.1% year-on-year to R6.1-billion for the... 


Aerial view of the Manono project
Tantalex signs lithium offtake agreement with Glencore
13th November 2023 By: Darren Parker

Lithium miner Tantalex Lithium Resources has finalised a lithium marketing offtake agreement and convertible facilities agreement, reaching a financial arrangement of up to $5-million with... 


Gold Fields boosts stake in copper explorer Chakana
7th November 2023 By: Creamer Media Reporter

JSE- and NYSE-listed Gold Fields has increased its interest in Chakana Copper by participating in the Canadian exploration company’s private placement. Gold Fields Nazca Holdings on November 3... 


Dwibin Thomas
EVs – grid assets in the making
6th November 2023

By Dwibin Thomas, Cluster Automation Leader at Schneider Electric  Electric Vehicles (EVs) have become somewhat commonplace in numerous countries. With its own, bona fide racing events such as... 


Argonaut sells additional royalty on Magino
Argonaut sells additional royalty on Magino
3rd November 2023 By: Mariaan Webb

Toronto-listed Argonaut Gold has announced the sale of an additional 1% net smelter return royalty (NSR) on the Magino mine to bolster its balance sheet following a slower-than-planned ramp up to... 


Patriot expands land position at Eastmain
1st November 2023 By: Creamer Media Reporter

Hard-rock lithium explorer Patriot Battery on Wednesday announced that it had bought two claim blocks in the Eeyou Istchee James Bay region, expanding its land position at the Eastmain project.... 


Balwin's Munyaka Crystal Lagoon
Balwin reports growth despite ‘toughest year ever’
26th October 2023 By: Darren Parker

JSE-listed Balwin Properties’ results for the six months ended August 31 have revealed a 33% growth in gross profit margin and a gross profit of R396-million, continuing the company’s recent margin... 


Afrimat group CEO Andries van Heerden
Afrimat continues to weather economic shocks through diversification
26th October 2023 By: Darren Parker

Mid-tier mining and materials company Afrimat’s strategy to diversify between commodities and revenue streams, coupled with stringent capital allocation, has enabled the group to continue to... 


Msizi Khoza
The promise and perils of carbon offset markets for Africa
24th October 2023

By Msizi Khoza, Managing Executive for Environment, Social and Governance (ESG) at Absa Corporate and Investment Banking A prominent undercurrent of the recent Climate Week in New York was the... 


Cloud adoption to deliver R3.9tr worth of economic benefits over the next decade
20th October 2023 By: Natasha Odendaal

A new report commissioned by Amazon Web Services has revealed a potential R3.9-trillion economic boost by 2033 from cloud adoption in South Africa. The report, quantifying the relationship between... 


Competition Commission launches enquiry into media, digital platforms
17th October 2023 By: Natasha Odendaal

The Competition Commission on Tuesday officially launched its Media and Digital Platforms Market Inquiry (MDPMI) after publishing the final terms of reference (ToRs) for the a month ago. The MDPMI... 


Orion Mine Finance invests in Dakota Gold
16th October 2023 By: Creamer Media Reporter

OMF Fund IV, an entity managed by mining investor Orion Mine Finance, will invest $17-million in exploration and development company Dakota Gold and has committed future financing support. NYSE... 


AfriSam as a leading construction materials supplier continues to take the lead in skills development
AfriSam puts skills development front and centre
13th October 2023

To stay ahead in the industry’s war for talent, AfriSam has over the years placed skills at the forefront of its people development initiatives. With its several training programmes, the company... 


Besra receives $10m from Quantum
11th October 2023 By: Esmarie Iannucci

Gold developer Besra Gold has received the first $10-million from shareholder Quantum Metal Recovery under a $300-million gold purchase agreement. Under the gold purchase agreement, Besra would... 


Tribunal confirms settlement agreement with Unilever
9th October 2023 By: Creamer Media Reporter

The Competition Tribunal has confirmed, as an order, a settlement agreement in terms of which fast-moving consumer goods firm Unilever South Africa has agreed, among others, to pay a R16-million... 


Eskom group executive for distribution Monde Bala
Eskom expects to roll out virtual wheeling scheme before end of 2024
6th October 2023 By: Terence Creamer

Electricity utility Eskom expects to formally roll-out a virtual wheeling scheme, which it has been piloting with mobile telecoms group Vodacom since August, to the rest of the market before the... 


Jason van der Poel and Hannah Milner
Opinion: Virtual Wheeling 101
4th October 2023

In this opinion article, Jason van der Poel and Hannah Milner of Webber Wentzel discuss Eskom’s virtual wheeling pilot and how the roll-out of the programme will enable companies with multiple... 


Eskom evolving from traditional to virtual wheeling with Vodacom
29th September 2023 By: Cameron Mackay

State-owned power utility Eskom strategy development senior manager Mutenda Tshipala has noted that Eskom is evolving from the traditional electricity wheeling mechanism to virtual wheeling in... 


Location map of the Waterberg project
Waterberg platinum group metals project, South Africa – update
22nd September 2023 By: Sheila Barradas

Platinum Group Metals has reported the successful close of a nonbrokered private placement of common shares to raise $2.5-million. 


Lime being filtered into a pile at Limeco's lime processing plant
Commissioning starts at Zambian lime plant
22nd September 2023

Last month, strategic minerals developer Firering reported the successful commissioning of the crushing system to produce aggregates, and the finalisation of the design work for the modification... 


PTM closes private placing for $2.5m
19th September 2023 By: Tasneem Bulbulia

TSX- and NYSE-listed Platinum Group Metals (PTM) has reported the successful close of a nonbrokered private placement of common shares to raise $2.5-million. An aggregate 2.1-million common shares... 


President Cyril Ramaphosa
US-South Africa hold trade, investment dialogue to deepen bilateral business ties
19th September 2023 By: Schalk Burger

The US-South Africa Trade and Investment Executive Dialogue on September 18 built on partnership efforts and saw the launch of a yearly US-South Africa Trade and Investment Forum. The dialogue also... 


Investors glimpse opportunity in Europe's unloved mining shares
Investors glimpse opportunity in Europe's unloved mining shares
18th September 2023 By: Reuters

Investors are finally seeing potential in European mining shares, as China's step-by-step economic stimulus is steadily laying the foundations for a recovery of the unloved sector. The STOXX... 


Competition Commission to start media and digital market inquiry
15th September 2023 By: Natasha Odendaal

The Competition Commission is preparing to investigate the distribution of media content on South Africa’s digital platforms, including search, social media and news aggregation platforms, and the... 


World Platinum Investment Council Director of Research Edward Sterck.
Record platinum deficit, above-ground platinum stocks decimation on way
6th September 2023 By: Martin Creamer

The biggest takeaway from the Platinum Quarterly report and updated full-year forecast of the World Platinum Investment Council (WPIC) is the predicted record platinum deficit of more than a... 


Location map of the Waterberg PGMs project
Waterberg platinum group metals project, South Africa – update
1st September 2023 By: Sheila Barradas

Platinum Group Metals has reported that it is advancing discussions and related agreements concerning the possible offtake of mineral products from the Waterberg project. 


Image shows the Kwinana lithium hydroxide refinery
Lithium drives IGO to record heights
31st August 2023 By: Esmarie Iannucci

Critical minerals miner IGO has posted a record financial performance for the year ended June, driven by record earnings from its lithium joint venture (JV). IGO’s revenues in the full year... 


Offtake options advanced for Waterberg project
25th August 2023

While focusing on the development of its Waterberg project, located on the Northern Limb of the Bushveld Complex in South Africa, mining company Platinum Group Metals is advancing discussions and... 


Accelerate to sell Eden Meander centre in George to Sasol Pension Fund
23rd August 2023 By: Cameron Mackay

Diversified JSE-listed real estate investment trust Accelerate Property Fund has accepted an offer from the Sasol Pension Fund to acquire the Eden Meander Shopping Centre, with a gross lettable... 


Firering to acquire interest in Zambian limestone project
18th August 2023 By: Tasneem Bulbulia

Aim-listed Firering Strategic Minerals has signed an option deed to acquire up to 28.33% of Limeco Resources, the owner of a limestone project located 22 km west of Lusaka, Zambia, for an aggregate... 


A mesh of conveyor belts carrying ore with the sun behind
Global giant acquires materials handling supplier
18th August 2023

Mining and construction equipment manufacturer Metso signed an agreement to acquire privately-owned Australian company Brouwer Engineering in July. Brouwer Engineering specialises in automation,... 


Power lines
Eskom making virtual wheeling strides but says national framework still required
17th August 2023 By: Terence Creamer

Eskom reports that it has made material advances in developing what it calls a ‘virtual wheeling product’ that will allow one or more generators to transact with multiple offtakers, including those... 


Ford Ranger at Silverton plant
Naamsa calls for timely NEV policy on back of 100% increase in Q2 sales
15th August 2023 By: Marleny Arnoldi

Naamsa | The Automotive Business Council reports that new-vehicle sales increased by 8.6% year-on-year in the second quarter of the year, while new energy vehicle (NEV) sales grew by 100.7%... 


Ocean explorer TMC unveils $27m capital raise
15th August 2023 By: Mariaan Webb

The Metals Company (TMC), a battery metals explorer focusing on seafloor polymetallic nodules, has unveiled a $27-million capital raise with the potential to upsize to $38-million. The... 


Kore Potash has 97% ownership of the Kola and DX Potash Projects in the Sintoukola Basin, located in Congo-Brazzaville
Kore raises $1m, signs revised agreement with Sepco for Kola project
8th August 2023 By: Cameron Mackay

Potash development company Kore Potash has entered into a revised agreement with Chinese construction and engineering company Sepco Electric Power Construction Corporation for the provision of... 


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