Bauba signs chrome offtake agreement

JSE-listed Bauba Platinum has signed a chromite ore commodity purchase contract with Gerald Metals and Pelagic Resources for chrome ore run-of-mine (RoM) produced at its Moeijelijk mine, in... 

Rainbow, TechMet to consider feasibility of downstream rare earths separation

Aim-listed Rainbow Rare Earths has entered into a cooperation agreement with TechMet to fund a definitive feasibility study (DFS) into downstream rare earths separation. Subject to the completion... 

Katanga’s H1 copper, cobalt revenues rise

TSX-listed Katanga Mining on Wednesday reported that its copper revenue for the first half of this year increased to $350.86-million, compared with $3 000 in the first half of 2017, while its... 

Sitatunga Resources hopes to create jobs at newly acquired colliery

Exploration and mining project development company Sitatunga Resources, which has bought Wescoal’s coal assets near Newcastle, KwaZulu-Natal, believes its investment in the Braakfontein Colliery... 

Wescoal to dispose of LBC assets

JSE-listed Wescoal has, through its wholly-owned subsidiary, Leeuw Braakfontein Colliery (LBC), entered into a sale of assets with Sitatunga Resources in terms of which LBC will dispose of its LBC... 

AMCU threatens strike action at Implats over planned job cuts

The Association of Mineworkers and Construction Union (AMCU) has threatened industrial strike action at Impala Platinum (Implats) if talks with the company over its plans to cut 13 000 jobs and... 

Kabwe project on track despite cancellation of BMR’s share trading

The cancellation of admission to trading on Aim of BMR’s shares does not impact the execution of the Kabwe project, Jubilee Metals said on Friday.   BMR and Jubilee have entered into discussions,... 

Managem seeks additional 30% of Avocet's Tri-K project

Aim-listed Avocet is assessing whether the conditions for the second closing of its Tri-K transaction with Managem have been met. Avocet announced in October 2016 that it had entered into an... 

Gemfields sells 90% of emeralds on offer at latest auction

Gemfields’ latest auction, comprising predominantly commercial quality rough emeralds, generated revenues of $10.89-million, with an overall average value of $4.21/ct achieved. The auction was held... 

Globeleq acquires Brookfield’s South African renewables portfolio

Globeleq has entered into an agreement with an affiliate of Brookfield Asset Management to acquire Brookfield’s interest in its South African renewable energy portfolio.   The agreement is subject... 

Self-generation emerging as a big theme across Africa

Africa’s energy industry is not declining, but it is being disrupted, says GE gas power systems anglophone Africa sales MD Nosizwe Dlengezele. Addressing media at a briefing, in Johannesburg, on... 

China–South Africa investment continues to grow

Trade and investment between China and South Africa remains on a positive growth trajectory, Standard Bank CEO Sim Tshabalala said on Monday. Addressing delegates at a media briefing marking the... 

Harmony’s Hidden Valley mine in commercial production

JSE-listed Harmony Gold’s Hidden Valley operation, in Papua New Guinea reached commercial levels of production in June. “The investment in the Stage 5 and 6 cutback was delivered safely, on... 

South Africa and Russia recommit to PGMs MoU

South Africa and Russia recommitted themselves to the continued implementation of the memorandum of understanding (MoU) on platinum group metals (PGMs), following the third yearly PGMs conference,... 

Karo launches Zim platinum project

Zimbabwe and platinum producer Karo Platinum on Tuesday officially launched the Karo platinum project, in Chegutu, Zimbabwe.  “We are excited about partnering with Zimbabwe and its people in... 

CCP hopes to get first investment approved by year-end

Recently launched 12J mining fund Concentrate Capital Partners (CCP) is hoping to get one of its first investments approved by year-end. Speaking to Mining Weekly Online on the sidelines of the 12J... 

Gold demand falls 4% y/y in Q2

Global gold demand remained muted at 964 t in the second quarter, 4% lower year-on-year, according to the World Gold Council’s (WGC’s) latest ‘Gold Demand Trends’ report. Speaking to Mining Weekly... 

ERG secures electricity supply for DRC copper/cobalt operations

Metalkol, a cobalt and copper tailings reprocessing project and a low-cost hydrometallurgical facility owned by Eurasian Resources Group (ERG), has signed an agreement to secure electricity supply... 

Drilling progressing well at Arc’s Zamsort project

An 11 000 m drilling programme currently under way at Aim-listed Arc Minerals’ Kalaba prospect, in Zambia, is progressing well. The prospect is owned by Zamsort, which is developing a copper/gold... 

Cradle Arc buys back convertible loan notes

Aim-listed Cradle Arc plans to redeem all of its £1.28-million outstanding convertible loan notes for £1.59-million in cash, by way of staged and back-end weighted payments up to their scheduled... 

Gold Fields completes acquisition of stake in Asanko mine

JSE-listed Gold Fields has completed a joint venture (JV) transaction with Asanko Gold, giving it a 50% stake in Asanko’s 90% interest in the Asanko gold mine, in Ghana. “The closing of the... 

Sulphides intersected at Orion’s Rok Optel nickel/copper prospect

Semi-massive and injected-stringer sulphide veins have been intersected at Orion Minerals’ Rok Optel nickel/copper prospect, in the Areachap Belt, in the Northern Cape. The company noted in a... 

Equinox shareholders approve Solaris Copper spinout

Equinox Gold shareholders have voted in favour of a plan of arrangement for Equinox to transfer all of its copper assets into a newly incorporated company called Solaris Copper. The company will... 

Zambia remains a fast growing refined copper producer

Zambia remains one of the fastest-growing refined copper producers in the world, backed by strong  domestic smelting capacity, rising mining output and ongoing government support, says BMI Research.... 

Sibanye in $500m streaming deal with Wheaton

JSE-listed Sibanye-Stillwater has raised $500-million in a streaming deal with Wheaton Precious Metals International. The agreement provides Sibanye-Stillwater with a long-term funding instrument... 

URU continues with exploration at Limpopo project

The successful completion of a two-stage six-hole drill programme completed in 2017 on URU Metals’ Limpopo-based Zebediela nickel/platinum group element (PGE) project has resulted in mineralised... 

RBPlat expects to report narrowed H1 losses

JSE-listed Royal Bafokeng Platinum (RBPlat) expects to report a loss a share of between 10.5c and 13.5c for the six months ended June 30, compared with a loss a share of 15c reported for the first... 

Eastplats continues to oppose litigation; VP of South African operations resigns

Anton Lubbe has resigned as VP of Eastern Platinum’s (Eastplats’) South African operations, effective August 31. The company said in a corporate update on Thursday that it would reorganise his... 

Harmony’s Hidden Valley mine reaches commercial production

JSE-listed Harmony Gold’s Hidden Valley operation, in Papua New Guinea reached commercial levels of production in June. “The investment in the Stage 5 and 6 cutback was delivered safely, on... 

AECI achieves strong H1 performance

JSE-listed AECI on Wednesday reported positive financial results for the six months ended June 30. Together with contributions from the acquisitions of Schirm and Much Asphalt in February and April... 

Transnet signs manganese capacity allocation contract with Assmang

State-owned Transnet has signed a seven-and-a-half-year Manganese Export Capacity Allocation (MECA2) contract with Assmang as part of its strategy to secure 95% of manganese volumes on rail. The... 

Minerals Council to launch national safety and health day campaign

In light of the growing number of fatalities in South African mines, the Minerals Council South Africa plans to launch a national campaign of Safety and Health Days in Mining, in mid-August. The... 

SA, Russia recommit to implementation of PGMs MoU

South Africa and Russia recommitted themselves to the continued implementation of the memorandum of understanding (MoU) on platinum group metals (PGMs), following the third yearly PGMs conference,... 

Karo officially launches Zimbabwe platinum project

Zimbabwe and platinum producer Karo Platinum on Tuesday officially launched the Karo platinum project, in Chegutu, Zimbabwe.  “We are excited about partnering with Zimbabwe and its people in... 

Norilsk says will continue litigation against Botswana govt

Russian nickel producer Norilsk Nickel on Tuesday said it would continue with the litigation against the Botswana government over the Nkomati and Tati facilities to recover around $277-million it... 

BMI raises thermal coal price forecast to $100/t

BMI has increased its thermal coal price forecast for this year to $100/t from $85/t previously as a result of tight supply from exporting countries and higher demand on the back of hot weather in... 

Galileo to continue with drill programme at Star Zinc project

Aim-listed Galileo Resources will continue with a drilling programme at its 85%-owned Zambia-based Star Zinc project, after a positive study of the project was completed by Earthmaps Consulting.    

Keras Resources to undertake $1.5m test programme at Togo project

Aim-listed Keras Resources has been granted permission to undertake a $1.5-million bulk sampling metallurgical test work programme at its Nayega manganese project, in northern Togo. The company on... 

Components firm invests heavily in skills to meet global production standards

India-based automotive component manufacturer KLT Automotive and Tubular Products South Africa plans to add 1 000 people to its 900-strong work force in the next eight years. The company has a... 

Gauteng moves to identify land for expropriation sans compensation

The Department of Human Settlements has budgeted more than R650-million to prepare identified portions of land in Gauteng for expropriation without compensation. Human Settlements MEC Dikgang Uhuru...