Higher gold price, consistent production drive up Harmony's interim earnings

JSE-listed mining and exploration company Harmony Gold Mining Company expects to report an increase of up to 42% in its earnings per share (EPS) and headline earnings per share (HEPS), in rand... 

Rio Tinto trials renewable diesel in Pilbara operations

Mining giant Rio Tinto has successfully completed its first renewable diesel trial across its Pilbara iron-ore operations, marking a milestone in its efforts to cut emissions and integrate... 

Electra Battery Materials appoints new board member

Nasdaq- and TSX-V-listed Electra Battery Materials has appointed Alden Greenhouse to the board of directors. Greenhouse is currently the VP of critical and strategic minerals for mining company... 

Loadshedding suspended following recovery of generation capacity

Power utility Eskom suspended loadshedding at 05:00 on February 26, following the recovery of generation capacity and the replenishment of emergency reserves. “We maintain our guidance that... 

Infini expands Canada uranium footprint

Australia-listed Infini Resources on Tuesday announced the acquisition of two new uranium projects in Canada's Athabasca basin, a region known for its high-grade uranium deposits. Under the terms... 

Jindalee sells stake in Dynamic Metals for A$2.75m

Lithium-focused Jindalee Lithium has sold its shareholding in ASX-listed Dynamic Metals raising A$2.75-million before costs. The transaction aligns with Jindalee’s strategy to advance its McDermitt... 

Fatal accident reported at Fortuna’s Séguéla mine

A fatal accident has occurred at Fortuna Mining's Séguéla gold mine in Côte d’Ivoire, the NYSE- and TSX-listed company reported on Tuesday. The incident took place on Monday at the contractor’s... 

OceanaGold reports high-grade gold discoveries at Haile

Toronto-listed OceanaGold has reported promising results from exploration and resource conversion drilling at the Haile gold mine in the US, highlighting high-grade gold intercepts at both the... 

FPX Nickel unveils scoping study for N American nickel sulphate refinery

Vancouver-based FPX Nickel has released a scoping study confirming the economic and strategic viability of a standalone nickel refinery in British Columbia, which would be North America’s largest... 

Loadshedding downgraded to Stage 2

Power utility Eskom downgraded loadshedding to Stage 2 from 05:00 on Tuesday, from Stage 4 on Monday. This followed the successful recovery of eight out of ten generation units and the restoration... 

Mayur upsizes placement to A$100m

ASX-listed Mayur Resources has secured firm commitments for an expanded A$100-million two-tranche institutional placement, up from its previously announced A$80-million. The first tranche raised... 

Strandline enters voluntary administration

The board of Australian mineral sands project developer Strandline Resources on Monday announced that the company had entered voluntary administration. Thomas Birch and Jeremy Nipps of Cor Cordis... 

S2 expands Victorian gold portfolio

ASX-listed S2 Resources has secured its fourth gold project in Victoria, finalising an agreement to acquire TSX-V-listed Valkea Resources' 51% interest in the Glenfine joint venture (JV). This... 

First Nation takes legal action against McEwen Mining

The Apitipi Anicinapek Nation (AAN) has filed a lawsuit against Canada’s McEwen Mining, alleging that the company has breached its impact benefit agreement (IBA) related to the Black Fox project.... 

Piedmont reports strong Q4 results, advances Sayona merger

Nasdaq- and ASX-listed Piedmont Lithium has reported its financial results for the fourth quarter and full year of 2024, highlighting strong production performance and ongoing strategic growth... 

Gold Road reports record profit

Mid-tier gold producer and explorer Gold Road Resources has reported a record net profit of A$142.7-million for the 12-month period ended December 31, 2024. The company has declared a fully franked... 

Ascot launches up to C$65m private placement

Vancouver-based Ascot Resources has announced a best-efforts private placement offering to raise between C$60-million and C$65-million. The offering, led by Desjardins Capital Markets and BMO... 

Lufuno Rasoesoe

This week we profile Lufuno Rasoesoe, founder and MD of cleaning detergents manufacturer and supplier Lajoya Holdings, trading as TOSH Detergents  

Pan American reports record free cash flow

Canada-based, Latin America-focused Pan American Silver has reported record free cash flow for the fourth quarter and full year of 2024, supported by strong metal prices, expanding margins, and... 

Poll shows rising support for uranium mining in WA

New polling data reveals that a majority of West Australians support lifting the state's uranium mining ban, as the global demand for the commodity continues to rise. The survey, conducted by... 

Alamos reports record production and strong margins, driving free cash flow

Toronto- and New York-listed Alamos Gold has reported a record operational and financial performance for 2024, achieving an all-time high free cash flow of $272-million while continuing to fund... 

Wyloo, Hastings to form Yangibana rare earths JV

Billionaire Andrew Forrest’s Wyloo has entered into exclusive negotiations with ASX-listed Hastings Technology Metals to establish an unincorporated joint venture (JV) for the Yangibana rare earths... 

Caledonia appoints successor to outgoing CFO

Chester Goodburn will step down as Zimbabwe-focused gold miner Caledonia Mining Corporation's CFO on March 24 and will be succeeded by Ross Jerrard. Jerrard, aged 50, brings extensive experience in... 

Salungano CFO resigns

JSE-listed Salungano Group, which owns coal mining operations in South Africa, has announced the resignation of CFO and executive director Kabelo Maroga, with effect from February 18. Acting CFO of... 

Aveng shares details of Moolmans subsidiary's R10.6bn contract at Gamsberg

JSE-listed Aveng confirmed on February 19 that its contract mining subsidiary Moolmans had concluded a new 60-month contract, valued at about R10.6-billion, at the Gamsberg zinc mine, in the... 

Fortescue secures over 90% of Red Hawk

ASX-listed Fortescue has acquired a 90.09% stake in Red Hawk Mining through its wholly owned subsidiary FMG Pilbara, triggering a compulsory acquisition process. In a market notice issued on... 

Sibanye-Stillwater flags narrowed 2024 full-year loss a share; a further $500m impairment

Multinational mining and metals processing group Sibanye-Stillwater expects to report a loss a share of between R2.45 ($0.13) and R2.71 ($0.15) for the financial year ended December 31, which would... 

Wheaton exceeds 2024 guidance, projects strong growth to 2029

Canadian streaming company Wheaton Precious Metals said on Tuesday that it had produced 633 000 gold-equivalent ounces (GEOs) in 2024, surpassing the upper-end of its guidance range of 620 000... 

Cobalt Blue diversifies, proposes name change

ASX-listed Cobalt Blue Holdings (COB) on Tuesday announced an earn-in agreement with AuKing Mining for the Halls Creek project in Kimberley, Western Australia. The earn-in agreement diversifies... 

Winsome raises cash for Canada lithium project

Lithium explorer and developer Winsome Resources has secured firm commitments to raise A$7.84-million through an institutional share placement as it advances its Adina lithium project in Quebec.... 

South African green hydrogen EIA guideline, potential atlas launched

The Department of Forestry, Fisheries and the Environment, the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), the Council for Scientific and Industrial Research (CSIR) and GFA... 

Arizona Lithium rescinds Sandy Valley exploration plan, working to refine Big Sandy development

ASX-listed Arizona Lithium on Monday announced that it had rescinded its approved plan of operations for the Sandy Valley exploration project (Phase 3), citing stakeholder input as a key factor in... 

Sun Silver and James Bay Minerals announce leadership changes

Australia-listed juniors Sun Silver and James Bay Minerals on Monday announced key board and management appointments as both companies position themselves for their next phase of growth. Sun... 

Chalice reports metallurgical 'breakthrough' at Gonneville

ASX-listed Chalice Mining has announced a metallurgical breakthrough at its Gonneville project, in Western Australia, successfully producing saleable copper and nickel concentrates from low-grade... 

Burgundy secures fuel offtake deal to ease seasonal cash flow

ASX-listed Burgundy Diamond Mines has secured a fuel offtake agreement with Macquarie Bank, a deal designed to smooth out seasonal cash flow challenges at its Ekati diamond mine in Canada’s remote... 

Coeur completes acquisition of SilverCrest

NYSE-listed Coeur Mining said on Friday that it had completed the acquisition of SilverCrest Metals. Under the terms of the transaction, Coeur acquired all of the issued and outstanding common... 

Besra Gold announces board changes

ASX-listed Besra Gold has announced a change in its board leadership, with Dato’ Lim Khong Soon stepping aside as chairperson. In an interim capacity, the board has appointed Jon Morda as... 

Scorpion to farm into E79's Jungar Flats

West Australia-based explorer E79 Gold Mines on Friday announced an earn-in and joint venture (JV) agreement with ASX-listed Scorpion Metals for the Jungar Flats project in the Murchison region.... 

Perpetua starts detailed engineering as it moves Stibnite towards investment decision

Nasdaq- and TSX-listed Perpetua is advancing its Stibnite gold project in Idaho, announcing on Thursday the start of detailed engineering and a procurement contract with Idaho Power for powerline... 

Charl Lensley

This week we profile Charl Lensley, sales director at Michelin Tyre Company of South Africa