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SME business-building MoMo chatbot reaches 1m entrepreneurs in Côte d’Ivoire, Uganda
20th December 2024 By: Schalk Burger

About one-million small businesses in Côte d’Ivoire and Uganda have digitised their operations, increased the use of digital financial services and accessed digital marketplaces through the MoMo... 


A view of a part of the Marda operations area
Leeuwin to acquire Ramelius' Marda gold opreations
20th December 2024 By: Creamer Media Reporter

ASX-listed Leeuwin Metals has entered into a binding share sale agreement with fellow ASX-listed Ramelius Resources to acquire the Marda gold operations, in Western Australia, for up to A$2-million... 


Prosus chair’s trust sells €156m of shares for hotel growth
20th December 2024 By: Bloomberg

A family trust linked to Koos Bekker — one of South Africa’s richest people — sold about €156-million of shares in Internet investing giant Prosus to fund building operations at hotels in South... 


The Moma mine in Mozambique
Kenmare appoints CFO
20th December 2024 By: Creamer Media Reporter

Minerals sands products producer Kenmare Resources, which owns and operates the Moma mine, in Mozambique, has appointed James McCullough CFO, with effect from May 1, 2025, His appointment follows a... 


The Cullinan Mine
Petra lowers price projections, starts retrenchment process
20th December 2024 By: Creamer Media Reporter

Amid continued weakness in the global diamond industry, London-listed Petra Diamonds has lowered its price expectations for 2025 and initiated a Section 189 retrenchment process affecting the group... 


Decarbonisation efforts in mining fall short of science-based targets, research shows
20th December 2024 By: Simone Liedtke

The global mining industry is falling short in its efforts to decarbonise at a rate required to meet science-based targets, according to new research by consultancy dss+. As the industry moves... 


The Quellaveco mine
Copper giant Peru foresees another production plateau in 2025
20th December 2024 By: Reuters

Peruvian copper production is expected to remain flat in 2025 for the third straight year, according to the country's top mining association and industry analysts, as declining ore grades and a... 


Creamer Media Construction 2024/25 cover
Construction 2024/25: Adapting to new realities
20th December 2024 By: Creamer Media Reporter

Creamer Media's ‘Construction 2024/25: Adapting to new realities’ report explores key aspects of the South African construction sector, offering a comprehensive overview of its challenges and... 


Ministry clears the way for Silver Mountain to restart Peru mine
20th December 2024 By: Creamer Media Reporter

The Peruvian Ministry of Energy and Mines has classified TSX-V-listed Silver Mountain Resources' Reliquias mine and Caudalosa plant as an ongoing mining operation, clearing the way for Silver... 


Savannah's Barroso mine
Savannah to speed up Portugal lithium project, dismisses doubts over price and demand
19th December 2024 By: Reuters

London-listed Savannah Resources will accelerate its lithium mine project in northern Portugal to ensure first commercial output in 2027, it said on Thursday, despite uncertainties about price and... 


Tharisa assures stakeholders it is managing cybersecurity incident
19th December 2024 By: Simone Liedtke

Integrated resource group Tharisa is managing a cybersecurity incident after detecting unauthorised activity on its network. The miner on December 19 confirmed that operations remain unaffected. 


Eskom Group CE Dan Marokane
Eskom reports R25.5bn loss amid systemic challenges, recovery efforts
19th December 2024 By: Simone Liedtke

State-owned power utility Eskom has reported a R25.5-billion loss before tax for the financial year ending March 31, 2024, following a year marked by operational setbacks, financial strain and... 


The Mozal smelter
Mozal Aluminium starts rebuilding alumina stocks
19th December 2024 By: Creamer Media Reporter

Natural resources group South32 expects to rebuild alumina stocks at its Mozal Aluminium smelter, in Mozambique, over the coming days if trucking conditions remain favourable. A national election... 


Power pylons on farmland
South Africa still in ‘foothills of economic recovery’ as fourth-quarter policy uncertainty rises to 65.7
19th December 2024 By: Schalk Burger

South Africa is "still in the foothills of economic recovery" and, while external influences must still be skillfully navigated, the country's future economic performance will hinge mainly on... 


First Phosphate signs long-term offtake agreements
19th December 2024 By: Creamer Media Reporter

Mineral development company First Phosphate Corp has signed two long-term offtake agreements with creditworthy offtake partners with respect to its future production from operations at... 


Sibanye-Stillwater CEO Neal Froneman
Sibanye inks $500m streaming agreement with Franco-Nevada
19th December 2024 By: Simone Liedtke

Multinational metals and mining group Sibanye-Stillwater has entered into a $500-million streaming agreement with Franco-Nevada (Barbados) Corporation, a subsidiary of Franco-Nevada Corporation.... 


Lithium ore
Namibia investigates China’s Xinfeng for alleged illegal mining
19th December 2024 By: Bloomberg

Namibia’s Ministry of Mines and Energy is investigating Xinfeng Investments for alleged illegal mining in the lithium-rich Erongo region. The ministry is accusing the company, which has an... 


An MTN office
MTN Group announces leadership changes
18th December 2024 By: Creamer Media Reporter

Telecommunications group MTN Group has announced leadership changes as part of its succession plans and advancing its Ambition 2025 strategy. Mitwa Ng’ambi, CEO of MTN Cameroon, will move to the... 


Horizon completes Pennys Find PFS, which confirms project’s viability
18th December 2024 By: Simone Liedtke

ASX-listed Horizon Minerals has completed the prefeasibility study (PFS) for the Pennys Find gold project, in Western Australia. The PFS confirms the project’s viability as a high-grade underground... 


Gold jewellery
Indians opt for lighter, lower carat jewellery as gold prices soar
18th December 2024 By: Reuters

Soaring gold prices have led many Indian families to opt for lightweight and lower-carat jewellery to stay within their budgets, industry officials said. "I wanted to gift my daughter 80 g of gold,... 


Idemitsu to take majority stake in Australian vanadium developer Vecco
18th December 2024 By: Reuters

Japan's Idemitsu Kosan 5019.T said on Wednesday it would increase its stake in Vecco Group to 50.1% from 14.7%, gaining a majority in the Australian vanadium developer as part of its expansion into... 


Govt extends deadline for registration of spaza shops
Govt extends deadline for registration of spaza shops
18th December 2024 By: Thabi Shomolekae

Government has extended the deadline for registration of all spaza shops and other food-handling facilities to February 28, urging municipalities to still reserve capacity to assist those who will... 


July Ndlovu
July Ndlovu, Billy Mawasha join AECI board
18th December 2024 By: Creamer Media Reporter

Chemicals group AECI has appointed July Ndlovu and Billy Mawasha as nonexecutive directors of its board, with effect from July 1. "The addition of Mr Ndlovu and Mr Mawasha to the board of AECI is... 


Tongaat's cane operations
Tongaat Hulett to sell all South African assets, operating businesses to Vision Sugar
18th December 2024 By: Schalk Burger

Distressed JSE-listed sugar producer Tongaat Hulett has announced that it will sell all its assets and operating businesses in South Africa to Vision Sugar South Africa. The purchase price for... 


Futuregrowth invests R150m in Sourcefin
18th December 2024 By: Schalk Burger

Investment company Futuregrowth Asset Management has invested R150-million in small, medium-sized and microenterprises (SMMEs) finance and specialist supply chain support financial technology... 


Maputo Mozambique
Mozambique's post-election unrest to hit economic growth, says IMF official
18th December 2024 By: Reuters

Mozambique's 2024 economic growth is likely to be revised down from a previous forecast of 4.3% due to post-election civil unrest and the impact of Cyclone Chido, a senior International Monetary... 


Coal held in hands
Ukraine's only coking coal mine continues to operate despite Russian troop offensive, sources say
18th December 2024 By: Reuters

Ukraine's only coking coal mine - key for its steel industry - is operating at 50% capacity as of Wednesday morning despite the proximity of advancing Russian forces, two Ukrainian industry sources... 


Global Atomic advancing uranium mine operations, first production expected in 2026
18th December 2024 By: Simone Liedtke

Uranium company Global Atomic Corporation is making significant strides towards achieving first production at its high-grade Dasa uranium mine, in Niger, by the first quarter of 2026. Despite... 


Metalloys in Meyerton, Gauteng.
Ferromanganese revival hopes raised by Competition Tribunal’s green light
18th December 2024 By: Martin Creamer

The Competition Tribunal approval of the acquisition of ferromanganese major Metalloys in Meyerton, Gauteng, is raising hopes of a revival of South Africa’s manganese alloy potential. Metalloys,... 


The 2 488 ct Motswedi
Lucara names 2 488 ct and 1 094 ct diamonds
18th December 2024 By: Creamer Media Reporter

Canada-headquartered Lucara Diamond Corp has named the 2 488 ct diamond recovered at its Karowe mine, in Botswana, in August Motswedi, which means a water spring or the flow of underground water... 


Sovereign Metals completes test pit backfilling at Malawi project
17th December 2024 By: Simone Liedtke

Mining and exploration company Sovereign Metals completed the test pit backfilling and the start of soil remediation as part of its pilot mining and land rehabilitation programme at the Kasiya... 


Jubilee's Roan operation
Jubilee facing production issues in Zambia amid power outages
17th December 2024 By: Simone Liedtke

Diversified metals processor Jubilee Metals, which has operations in South Africa and Zambia, has reported increased disruptions at its Roan facilities, in Zambia, owing to unplanned power outages... 


Customers paying with a nu-branded card
Nubank invests $150m in Tyme's Series D capital raise
17th December 2024 By: Schalk Burger

Digital financial services group Nubank has invested $150-million in Singapore-based financial services firm Tyme's oversubscribed $250-million Series D capital raise, with Catalyst subscribing for... 


Iron-ore stockpiles in Pilbara
BlueScope, BHP, Rio Tinto to build ESF pilot plant to decarbonise Australian steel industry
17th December 2024 By: Simone Liedtke

The Kwinana Industrial Area, in Western Australia, has been selected as the location for Australia’s largest ironmaking electric smelting furnace (ESF) pilot plant. The project combines the... 


Prieska Copper Zinc Mine in South Africa’s prospective Northern Cape.
More indications of quality copper in South Africa’s well-endowed Northern Cape
17th December 2024 By: Martin Creamer

The final assay results from diamond drill holes completed to test strike and down-dip extensions of the high-grade copper mineralisation at the Flat Mine South deposit, part of the Okiep Copper... 


Mechanic working on a car engine
Metair finalises R278.5m AutoZone acquisition, restructures debt
17th December 2024 By: Schalk Burger

JSE-listed energy and automotive manufacturing holding company Metair has finalised the acquisition of automotive parts distributor AutoZone for R278.5-million after the remaining conditions... 


Silver bars
Silver Crown Royalties to acquire 15% royalty on PPX's Igor 4 project
17th December 2024 By: Creamer Media Reporter

Canada-based mining company PPX and royalty company Silver Crown Royalties (SCRi) have entered into a royalty agreement for up to 15% of the cash equivalent of silver produced from PPX’s Igor 4... 


The Samarco mine
Samarco to invest more than $1bn to resume full capacity
17th December 2024 By: Bloomberg

Samarco Minercao expects to invest more than $1-billion to return its iron-ore operations to full capacity by January 2028 — a date that’s more than 12 years after the operation was first sidelined... 


BHP's South Flank mine
BHP says Australian South Flank iron-ore operations resume after weekend pause
17th December 2024 By: Reuters

BHP paused operations at two iron-ore mines in Western Australia on Saturday after heavy rains in the country's Pilbara region, a spokesperson told Reuters on Tuesday, adding operations have since... 


The Loulo-Gounkoto mine in Mali
Barrick Gold threatens to suspend Mali operations over blocked exports
17th December 2024 By: Reuters

Barrick Gold will suspend operations in Mali if gold shipments continue to be blocked, the company said on Monday as it struggles to reach agreement with authorities on a new mining code in the... 


Minerals Council South Africa CEO Mzila Mthenjane
Minerals Council optimistic about ongoing MPRDA review
13th December 2024 By: Marleny Arnoldi

The Department of Mineral Resources and Energy’s (DMRE’s) review of mining regulations, which started a year ago, provides the chance to relook and unlock the true potential of South Africa’s... 


An image of the Tiris uranium project
Assessment shows internal growth opportunity at Aura’s Mauritania project
13th December 2024 By: Tasneem Bulbulia

ASX-listed Aura Energy has undertaken an assessment of the opportunities for future capacity expansion at the flagship Tiris uranium project, in Mauritania, demonstrating the significant internal... 


Kazera signs mineral sands offtake agreement with Fujax South Africa
13th December 2024 By: Sabrina Jardim

Aim-listed Kazera Global subsidiary Whale Head Minerals (WHM) has signed a sales and offtake agreement for its heavy mineral sands production with Fujax South Africa – a wholly owned subsidiary of... 


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Magazine round up | 13 December 2024
Magazine round up | 13 December 2024
13th December 2024

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