Retrenchments, disposals proposed in M&R Limited business rescue plan

JSE-listed engineering and contracting group Murray & Roberts (M&R) has advised that creditors will vote on the business rescue plan for M&R Limited on April 8. The plan was published on March... 

Met1 executes formal agreement to acquire 80 Mile’s copper projects in Finland

Aim-listed Metals One (Met1) has executed a share purchase agreement to acquire the entire issued share capital of FinnAust Mining Finland from fellow-listed 80 Mile. FinnAust holds certain... 

Strategic Minerals posts solid sales growth in the March quarter

Aim-listed Strategic Minerals recorded 38% year-on-year growth in sales volumes from the Cobre magnetite mine, in New Mexico, during the quarter ended March 31. The 17 162 t of magnetite sold in... 

Lithium Ionic, RTEK ink operational partnership to optimise Bandeira project

Canadian mining company Lithium Ionic Corporation has appointed RTEK International as a strategic adviser to fast-track the development of the Bandeira lithium project, in Brazil. In signing a... 

American Tungsten Corporation joins Critical Minerals Institute

Exploration company American Tungsten Corporation has joined the Critical Minerals Institute (CMI) as a member to help advance the dialogue on needs and challenges within the critical minerals... 

Lennox takes over lead of Orion Minerals as Smart steps down

JSE-listed copper mining company Orion Minerals CEO and MD Errol Smart has stepped down from his roles effective April 3. He is succeeded by Anthony Lennox, who has been a nonexecutive director... 

Appian sells greenfields built-up MVV copper mine to Chinese group

Investment adviser to private capital funds Appian Capital Advisory has successfully sold the Mineração Vale Verde (MVV) mine, in Brazil, to Baiyin Nonferrous Group, in China, for $420-million.... 

Manuka says Taranaki VTM project can greatly benefit New Zealand economy

ASX-listed Manuka Resources has confirmed the national significance of the Taranaki Vanadium Titano Magnetite (VTM) iron sands project, in New Zealand. For a NZ$1-billion, or $602-million,... 

US auto import tariff will not drastically impact PGM demand – WPIC

The World Platinum Investment Council (WPIC) finds in its latest Platinum Essentials publication that the US’s 25% tariff on vehicle imports from April 3 and parts from May 3 will have a 70 000 oz... 

Ironveld expects near-term cash generation from renegotiated DMS project

High-purity iron miner Ironveld’s shares have resumed trading on the Aim, after the company published its results for the financial year ended June 30, 2024, in addition to its results for the six... 

Lotus progresses Kayelekera grid connection arrangement ahead of production restart

ASX-listed Lotus Resources has signed two agreements with the Electricity Supply Corporation of Malawi (Escom) to facilitate connection of the Kayelekera uranium project to the national grid. The... 

Lower chrome prices result in lower interim earnings for Jubilee

Aim- and AltX-listed Jubilee Metals has reported a 51% year-on-year increase in group revenue to $141-million in the six months ended December 31, 2024, mainly owing to higher production of chrome... 

Global gold-backed ETF holdings soar to $268bn in value

German technology group Hereaus finds in its latest precious metals appraisal that gold continues to enjoy strong support from institutional investors and price increases invoked by uncertainty on... 

Gold Fields announces potential ten-year bond offering

JSE- and NYSE-listed Gold Fields plans to undertake a senior unsecured dollar-denominated ten-year bond offering. The company has mandated Citigroup, RBC Capital Markets and Scotia Capital as... 

Caledonia swings to attributable profit of $17.9m

NYSE- and Aim-listed gold miner Caledonia Mining Corporation has swung from a net loss of $7.9-million in 2023 to a net attributable profit of $17.9-million in 2024. The company reported... 

Kore targets construction at Kola on January 1 next year

With large projects in the mining industry often facing challenges in terms of cost and time overruns, UK-headquartered Kore Potash chairperson David Hathorn confirms that the company’s contracting... 

Commercial operation starts at Botswana solar energy plant

Norwegian renewable energy company Scatec has started commercial operation of the first 60 MW of the 120 MW Mmadinare Solar Cluster, in Botswana. The power plant is Scatec’s first installation in... 

Wits Mining Institute showcases new-generation electronic blasting initiation system

The Wits Mining Institute (WMI) has demonstrated to students and media the latest blasting initiation technology it is using in its simulated DigiMine as part of practical learning for students and... 

Specialist undertakes first-ever installation for ballasting

Industrial equipment supplier Atlas Copco’s pump dewatering specialist arm Integrated Pump Rental (IPR) has delivered its first pumps for a ballasting project in the maritime industry. The pumps... 

Minerals Council voices concern about dwindling mining investment

Following a quarterly decline in the third quarter’s real GDP, growth bounced back in the fourth quarter of last year, which the Minerals Council South Africa says bodes well for all sectors;... 

Tertiary confirms more silver, base metal mineralisation at Mushima North

Aim-listed Tertiary Minerals has confirmed more silver, copper and zinc mineralisation at its majority-owned Mushima North project, in Zambia, following additional assay results received from... 

Shuka Minerals extends Kabwe acquisition completion date while it awaits last approval

Aim-listed Shuka Minerals has received all but one of the regulatory approvals required to complete the acquisition of Leopard Exploration and Mining, and thereby the Kabwe zinc mine, in Zambia.... 

MC Mining’s loss widens to $8.4m

Coal miner MC Mining has recorded a 31% year-on-year decrease in run-of-mine (RoM) tonnes from the Uitkomst Colliery, in South Africa’s KwaZulu-Natal province, for the six months ended December 31,... 

Alphamin temporarily stops mining at Bisie as DRC conflict continues

TSX-V- and JSE-listed Alphamin Resources has advised that it will temporarily cease mining at the Bisie tin mine, in the Democratic Republic of Congo (DRC), amid conflict in the country. Insurgent... 

PGMs, iron-ore, coal drag mining production down by 2.7% in January

Statistics South Africa reports that mining production decreased by 2.7% year-on-year in January, with the largest negative contributors having been iron-ore, platinum group metals (PGM) and coal.... 

Budget adds strain to mining employees, but other aspects support economy

Following Finance Minister Enoch Godongwana’s delivery of the national Budget speech on March 12, Minerals Council South Africa says the mining sector’s employees will be impacted on in various... 

Scoping study confirms viability of Lotus’s Botswana uranium project

ASX-listed Lotus Resources notes that a scoping study on the Letlhakane uranium project, in Botswana, confirms the viability of a ten-year operation producing three-million pounds a year of... 

Prospect declares world-class maiden resource for Mumbezhi project in Zambia

ASX-listed Prospect Resources has announced a maiden mineral resource estimate (MRE) of 107-million tonnes grading 0.5% copper, for a total 515 000 t total contained copper, on the Mumbezhi copper... 

Occupational Lung Disease Working Group lauds Tshiamiso Trust milestone

The Occupational Lung Disease Working Group has lauded the work done by the Tshiamiso Trust, which has paid out R2-billion in settlements to claimants so far. The working group comprises six... 

Kenmare rejects buyout offer from Oryx, Michael Carvill

London-listed titanium minerals miner Kenmare Resources has informed shareholders that it has received a nonbinding proposal from Oryx Global Partners and Kenmare founding MD Michael Carvill,... 

Oriole uncovers highest grades from Mbe drilling so far

Aim-listed Oriole Resources has advanced about 30% with a maiden drilling programme over a target at the Mbe gold project, in Cameroon, having drilled 2 200 m across seven holes. Oriole owns 90%... 

Minerals Council voices concern about dwindling mining investment

Following a quarterly decline in the third quarter’s real GDP, growth bounced back in the fourth quarter of last year, which the Minerals Council South Africa says bodes well for all sectors;... 

Tirupati ramps up production of flake graphite as executive turbulence stabilises

London-listed Tirupati Graphite remains on track to achieve a production rate from the Vatomina graphite project, in Madagascar, of 600 t a month by the end of April, 1 000 t a month by July 31 and... 

Kavango completes first drilling at Prospect 3, looks to trial mine before year-end

London-listed diversified miner Kavango Resources has successfully completed an initial resource drilling programme at the Prospect 3 target on the Hillside gold project, in Zimbabwe. The... 

Long-serving MIC CEO steps down

Investment firm Mineworkers Investment Company (MIC) has announced that Mary Bomela has stepped down as CEO at the end of February following 15 years of involvement with the organisation. The... 

Lexington announces secondary listing in US

London-listed gold producer Lexington Gold, which operates in South Africa and the US, has started trading its shares on the OTCQB Venture Market, in the US. The company identified increasing... 

Mike Teke to lead Southern Africa chapter of FutureCoal

Global association for the sustainable use of coal FutureCoal on February 13 announced Seriti Resources group CEO Mike Teke as chairperson of its newly established Southern Africa chapter. He will... 

New partnership at Cape Town Container Terminal to drive increased exports

Stakeholders in the export-orientated fruit value chain, including the Western Cape government and Transnet Port Terminals (TPT), have announced a new collaboration aimed at enhancing operations at... 

WFDB warns of new US customs requirements for diamond traders

World Federation of Diamond Bourses president Yoram Dvash has advised that, as of April, US customs will require the reporting of diamonds’ country of mining origin and country of origin details.... 

Portfolio committee investigates retrenchment rumours at Mpumalanga mines

Portfolio Committee on Mineral and Petroleum Resources chairperson Mikateko Mahlaule has expressed concern about reports of mass retrenchments at mining companies in Mpumalanga. The committee is...