Impairments result in lower basic, headline earnings for Northam

Platinum group metals (PGMs) miner Northam Holdings expects to report a 70% to 80% year-on-year decrease in basic earnings a share to between R5.23 and R7.84 for the financial year ended June 30,... 

Exxaro to report up to 37% fall in interim earnings

Diversified resources company Exxaro Resources has warned of a 23% to 37% year-on-year decrease in earnings for the six months ended June 30 on the back of lower coal sales, prices and volumes and... 

Eastplats reports strong second-quarter financial, operating performance

Platinum group metals (PGMs) miner Eastern Platinum’s (Eastplats’) net income attributable to equity shareholders increased to $7.7-million for the quarter ended June 30, compared with the... 

Marula approves Blesberg resource drilling exploration, mining programme

The board of Africa-focused mining and development company Marula Mining has approved a R26-million (about $1.35-million) resource drilling exploration and mine planning programme for the company’s... 

MSA to update Deep-South’s Haib project mineral resource estimate

Mineral exploration and development company Deep-South Resources has reappointed South African technical consultancy the MSA Group to produce an updated National Instrument (NI) 43-101-compliant... 

Global coal demand, supply set to remain at all-time high in 2023

Global body the International Energy Agency (IEA) expects coal demand to remain at an all-time high this year. This follows after global coal demand reached an all-time high in 2022, rising above... 

Galileo reports new lithium discovery in Kamativi initial drilling

Mineral development company Galileo Resources says the initial lithium analysis by an independent accredited laboratory has confirmed the presence of lithium mineralisation over a signficant width... 

Caledonia posts lower second-quarter profit

Gold producer Caledonia Mining has reported a gross profit of $10.9-million for the second quarter ended June 30, a decrease from the $17.9-million reported for the second quarter of 2022. “While... 

Sylvania subsidiary signs chrome, PGMs ore treatment JV agreement

Platinum group metals (PGMs) producer Sylvania Platinum’s wholly owned South African subsidiary Sylvania Metals has entered into an unincorporated joint venture (JV) agreement with design engineer... 

Grizzly’s emerald auction generates record sales

Emerald producer Grizzly Mining says the company’s latest emerald auction, which was held in Dubai earlier in August, generated record sales of $48.63-million. The auction saw the company offer its... 

Hyphen Hydrogen announces MoU with Itochu

Namibian green hydrogen development company Hyphen Hydrogen Energy has signed a memorandum of understanding (MoU) with import export company Itochu Corporation to explore areas for potential... 

Drilling results show high-grade mineralisation at Ewoyaa

Africa-focused lithium exploration and development company Atlantic Lithium says ongoing drilling assay results have confirmed the presence of high-grade infill and extension intersections at the... 

Kore raises $1m, signs revised agreement with Sepco for Kola project

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... 

Murray & Roberts Cementation reaches milestone on PMC vent shaft

Underground mining contractor Murray & Roberts Cementation achieved a milestone at the end of July when it successfully reached the 1 000 m mark on its contract to sink the 1 200 m ventilation... 

Implats warns of lower earnings on the back of weaker PGM prices, refined production

Platinum group metals (PGMs) miner Impala Platinum has warned that its earnings per share (EPS) and headline earnings per share (HEPS) for the financial year ended June 30 are likely to be at least... 

Gemfields to triple processing capacity at Moz ruby mine

Gemstone miner Gemfields’ 75%-owned Montepuez Ruby Mining (MRM) subsdiary has entered into a legally binding contract with specialist engineering group Consulmet to build an additional processing... 

Pan African meets revised production guidance, lowers its debt

Gold miner Pan African Resources has achieved a robust financial performance for the year ended June 30, CEO Cobus Loots reported on August 7, stating that this was despite challenges experienced... 

Resolving locomotive supply impasse with Chinese firm crucial, says Transnet Freight Rail CEO

It is crucial that State-owned freight rail operator Transnet Freight Rail (TFR) find a solution to its long-standing locomotive supply impasse with Chinese manufacturer CRRC, TFR CEO Siza Mzimela... 

ICMM member companies report lower fatalities for 2022

Global body the International Council on Mining and Metals (ICMM) reveals that its member companies lost 33 people in work-related incidents during 2022. This compares with the 45 fatalities in... 

Procurement clarity and prosecutions key to tackling construction site disruptions

Public Works and Infrastructure Minister Sihle Zikalala has emphasised the importance of unity in condemning and addressing construction site disruption and extortion affecting the industry. “It is... 

Bushveld’s new CEO outlines his priorities as full-year guidance is lowered

Vanadium producer Bushveld Minerals’ new CEO Craig Coltman, who took up the position on July 1, acknowledges that the company faces challenges, but says he also sees many positive signs and... 

Graphex Technologies announce offtake agreement with Syrah

Graphex Technologies, a wholly-owned subsidiary of global midstream processor of natural graphite anode material for use in lithium-ion batteries Graphex Group, has entered into an offtake... 

Implats takes step to buy out remaining RBPlat shares

Platinum group metals (PGMs) miner Impala Platinum (Implats) has notified the remaining shareholders of Royal Bafokeng Platinum (RBPlat) of the compulstory acquisition of the RBPlat shares it does... 

Sibanye suspends Kloof 4 shaft operations after incident

Diversified miner Sibanye-Stillwater announced on August 1 that management has suspended all operations at its Kloof gold mine 4 shaft, after an incident occurred at the Ikamva shaft on July 30,... 

RBPlat swings to interim loss

Platinum group metals (PGMs) miner Royal Bafokeng Platinum (RBPlat) has recorded a 29% year-on-year decrease in revenue to R5.81-billion for the six months ended June 30. Earnings before interest,... 

GoviEx operations continue despite coup in Niger

Mineral resource company GoviEx Uranium has assured shareholders that its operations in Niger continue uninterrupted, despite the uncertainty in that country as a result of a coup. Military leaders... 

Aton reports ‘encouraging’ results from metallurgical testing at Rodruin

Preliminary metallurgical testwork results from the Rodruin gold-polymetallic sulphide mineralisation are encouraging and indicate that saleable copper and zinc concentrates can be produced, gold... 

IonicRE advances work on Makuutu demonstration plant

Construction has started on a demonstration plant at rare earth minerals developer Ionic Rare Earths’ (IonicRE’s) 60%-owned Makuutu heavy rare earths project, in Uganda. The installation contract... 

RBPlat warns of interim losses on the back of weaker PGM prices

Local platinum group metals (PGMs) miner Royal Bafokeng Platinum (RBPlat) expects to report lower earnings for the six months ended June 30. The miner, which plans to publish its interim results on... 

Govt moves towards implementation of Green Transport Strategy

Department of Transport (DoT) research and development chief director Themba Tenza has confirmed that the department is moving towards implementation of its Green Transport Strategy (GTS), which... 

Ivanhoe reports promising testwork for improving copper recoveries

Metals miner Ivanhoe Mines has announced “highly promising” preliminary testwork for improving copper recoveries at its Kamoa-Kakula copper mine in Kolwezi, in the Democratic Republic of the Congo.... 

Global coal demand, supply set to remain at an all-time high in 2023

Global body the International Energy Agency (IEA) expects coal demand to remain at an all-time high this year. This follows after global coal demand reached an all-time high in 2022, rising above... 

Harmony included in FTSE4Good Index Series for sixth consecutive year

Gold miner Harmony Gold Mining Company has been included in the FTSE4Good Index Series for the sixth consecutive year. Created by global index and data provider FTSE Russell, the FTSE4Good Index... 

ICMM members to reveal progress on implementing tailings standard in August

Members of global mining body the International Council on Mining and Metals (ICMM) will publish details of their progress in conforming with the Global Industry Standard on Tailings Management for... 

JRA closes part of road as illegal mining activity causes sinkhole

The Johannesburg Roads Agency (JRA) has closed one lane of Miles Stoker road in the Roodepoort direction owing to a sinkhole, which has developed because of illegal mining activity in the area,... 

Sylvania exceeds full-year PGM production guidance

South African platium group metals (PGMs) producer Sylvania Platinum exceeded its production forecast for the 2023 financial year, which had been set at between 72 000 oz and 74 000 oz of platinum,... 

Mining, water businesses drive AECI’s record interim performance

Diversified chemicals group AECI delivered record growth in revenue; earnings before interest, taxes, depreciation and amortisation (Ebitda); and headline earnings per share (HEPS) for the six... 

Kavango signs contract for 30 km of survey lines at Botswana project

Southern Africa-focused metals exploration company Kavango Resources has signed a contract for 30 km of Induced Polarisation (IP) survey lines over targeted areas within the company’s Karakubis... 

IDC grants MC Mining an extension to repay R160m loan

Development finance institution the Industrial Development Corporation of South Africa (IDC) has extended the date for the repayment of coal miner MC Mining’s R160-million loan to September 30. The... 

Prieska crown pillar +105 level resource increases ahead of trial mining

Diversified metal explorer and developer Orion Minerals on July 25 announced that the company has taken another key step in its early mining strategy at the Prieska copper/zinc project in South...