Gemfields raises $30m through rights issue

Gemstone miner Gemfields has successfully completed a fully underwritten rights issue, which was first announced on April 11. The rights issue has resulted in the issuance of about 556-million new... 

After US visit, Tau wants South Africa to focus on other markets

Hot on the heels of his visit to the White House as part of President Cyril Ramaphosa’s South African delegation, Trade, Industry and Competition Minister Parks Tau has emphasised the need to... 

Uncertainty persists over key mining Bill clauses as Mantashe publishes erratum

The latest version of the Mineral Resources Development Bill of 2025, released for public comment on May 20, is unlikely to meet its objectives and may instead prolong regulatory uncertainty,... 

Uncertainty persists over key mining Bill clauses as Mantashe publishes erratum

The latest version of the Mineral Resources Development Bill of 2025, released for public comment on May 20, is unlikely to meet its objectives and may instead prolong regulatory uncertainty,... 

Red Rock expects significant progress in DRC case imminently

Natural resource exploration and development company Red Rock Resources has said it anticipates a crucial milestone to be met soon in its ongoing legal campaign in the Democratic Republic of Congo... 

Minerals Council still unhappy with new mining Bill despite two key changes

Despite Mineral and Petroleum Resources Minister Gwede Mantashe gazetting a much-welcomed erratum to the controversial new Mineral Resources Development Bill on June 9, the Minerals Council South... 

Kinetiko to raise $2.2m through placement to fund commercialisation of Mpumalanga gas projects

ASX-listed Kinetiko Energy has received firm commitments from professional and sophisticated investors to raise up to $2.2-million through the placement of more than 55-million new fully paid... 

Global gold supply to rise by 1% this year, report shows

Significant gains in gold mine production will lift total global gold supply by 1% this year, precious metals consultancy Metals Focus has revealed in its newly published ‘Gold Focus 2025’ report.... 

Andrada reports performance improvements on the back of continuous improvement programme, upgrades

Tin, tantalum and lithium miner Andrada Mining has reported solid performance improvements at its Uis operation in Namibia, supported by enhancements from the company’s Continuous Improvement 2... 

Ironveld achieves first blast at Lapon

Mining development company Ironveld’s South African subsidiary Lapon Mining has successfully completed its first blast at the planned opencast pit located on the Altona farm, in Limpopo. The blast... 

Responsible Gold appoints new president

Blockchain-powered ecosystem for traceable and ethically sourced gold Responsible Gold has announced the appointment of Sakhila Mirza as its president. She will oversee the firm’s next phase of... 

Was the George building collapse a warning or an aberration?

On May 6, 2024, the Neo Victoria project – a residential building that was still under construction in George, in the Western Cape – collapsed without warning, claiming the lives of 34 of the 62... 

Global energy investment to reach record $3.3tr this year

Global energy investment is set to increase to a record $3.3-trillion this year, despite headwinds from elevated geopolitical tensions and economic uncertainty, according to the International... 

30% tariff on exports to US would destroy demand, analyst says

A 30% net effective tariff rate on exports to the US from South Africa would essentially destroy demand growth in 2025 and 2026, resulting in permanent economic scarring, Wood Mackenzie metals and... 

After US visit, Tau wants South Africa to focus on other markets

Hot on the heels of his visit to the White House as part of President Cyril Ramaphosa’s South African delegation, Trade, Industry and Competition Minister Parks Tau has emphasised the need to... 

Develop gas economy now or face economic regression, Ramokgopa warns

South Africa faces a stark reality: failure to take urgent action to address the impending ‘gas cliff’ will result in economic regression, Electricity and Energy Minister Dr Kgosientsho Ramokgopa... 

Platinum, manganese, iron-ore, coal, chrome ore deemed ‘high-critical minerals’ for South Africa

Whereas every mineral is found to be critical for various reasons, the Department of Mineral and Petroleum Resources’ (DMPR’s) Critical Minerals and Metals Strategy has identified platinum,... 

Amplats issues further details on demerger, name change process

Platinum group metals (PGMs) producer Anglo American Platinum (Amplats) has issued further detail on how its name change to Valterra Platinum will play out over the coming weeks. At the general... 

Southern Palladium gets environmental authorisation for underground mining at Bengwenyama

South Africa’s Department of Mineral and Petroleum Resources (DMPR) has granted environmental authorisation for an underground mining right and related infrastructural activities to ASX- and... 

More than 1.06bn carats of diamonds were traded through Dubai over the past five years

Kimberley Process (KP) chair Ahmed Bin Sulayem of the United Arab Emirates (UAE) has revealed that more than 1.06-billion carats of combined rough and polished diamonds were traded through Dubai in... 

Kodal cites positive relationship with Mali govt as it awaits export permit

Mineral exploration and development company Kodal Minerals has criticised recent media reports for inaccurately suggesting that exports of spodumene concentrate from its flagship Bougouni lithium... 

Responsible Gold appoints new president

Blockchain-powered ecosystem for traceable and ethically sourced gold Responsible Gold has announced the appointment of Sakhila Mirza as its president. She will oversee the firm’s next phase of... 

World Diamond Council applauds breakthrough on broader conflict diamond definition

The World Diamond Council (WDC) has praised the progress made towards expanding the Kimberley Process (KP) definition of conflict diamonds, after what it said was “a successful week of open and... 

Rio Tinto to support development of 200 farmers in KwaZulu-Natal

Mining major Rio Tinto has entered into a two-year partnership with the Lima rural development foundation to improve the livelihoods of 200 farmers across ten traditional authority areas in... 

Afrimat reports lower operating profit but expects improvement going forward

Midtier mining and materials company Afrimat has reported a significant decline in operating profit for the 12 months ended February 28. Group revenue increased by 36.7% from R6.1-billion in the... 

Alphamin reports production decline owing to DRC security concerns

JSE-listed Alphamin has reported an 18% quarter-on-quarter decline in high-grade tin concentrate production from the Bisie tin mine, in the Democratic Republic of the Congo (DRC), for the first... 

Heavy rainfall crimps Afarak’s South African output, but Türkiye ops fare better

LSE- and Nasdaq-listed Afarak Group has reported a 15.2% year-on-year increase in production for the first quarter of this year, despite production at its South African chrome operations having... 

Gold Fields raises $750m for corporate purposes, to repay Osisko loan

JSE- and NYSE-listed Gold Fields has successfully completed the raising of $750-million through the issuance of seven-year notes, which carry an interest rate of 5.85%. These notes were issued by... 

PIC now owns 15.41% of Sibanye

The Public Investment Corporation (PIC) has increased its ownership of the ordinary shares of JSE- and NYSE-listed Sibanye-Stillwater to 15.41% of the company’s total issued ordinary shares. The... 

Akobo agrees to revised loan facility terms for Segele development

Euronext-listed Akobo Minerals has agreed with Monetary Metals on revised terms for the company’s existing gold loan facility.  Monetary Metals initially provided funding in November 2022 to... 

US trade tariffs pose severe indirect risks to sub-Saharan Africa, BMI warns

While the direct effects of US tariffs on sub-Saharan African trade were limited, the broader economic and political ramifications – through falling commodity prices, fiscal tightening and rising... 

Cape Town Container Terminal receives first batch of new rubber-tyred gantry cranes

The Cape Town Container Terminal (CTCT) has taken delivery of components of the first nine of 28 new rubber-tyred gantry cranes, which original-equipment manufacturer (OEM) Liebherr Africa has... 

Prefeasibility work progressing smoothly on Harena’s Madagascar rare earths project

The prefeasibility study (PFS) work on London-listed Harena Resources’ 75%-owned Ampasindava rare earths project, in Madagascar, is progressing at pace. The company added on May 6 that initial work... 

Coaltech to launch GHG management, reporting framework for coal sector

With support from key industry players, a new initiative led by nonprofit research organisation Coaltech will see the development of South Africa’s first sector-wide framework for managing and... 

Mining input costs moderating but significant pressures remain – Minerals Council

Although mining input costs have moderated in the first quarter of this year compared with the same period in 2024, significant pressures remained, the Minerals Council South Africa revealed on May... 

Lotus gets approval to resume uranium mining in Malawi

Uranium mining company Lotus (Africa), an 85%-owned subsidiary of ASX- and OTCQX-listed Lotus Resources, has received approval from Malawi’s Atomic Energy Regulatory Authority (AERA) for the... 

Akobo facing liquidity issues following disappointing production results

Euronext-listed gold producer Akobo Minerals’ gold production for March and April amounted to 1 kg at an average grade of about 3 g/t, which is below the company’s expectations, the company said on... 

We can no longer blame apartheid for economic failures, BBCBE’s Masimene says

After more than 30 years of democracy, South Africa’s numerous economic problems can no longer be blamed on Apartheid but rather must be blamed on the black-led government that has held the reins... 

Global commodity prices expected to drop to six-year low by 2026 – World Bank

Faltering economic growth is coinciding with ample oil supply in ways that are expected to cause a drop in global commodity prices to their lowest level of the 2020s, according to the World Bank’s... 

Zimplats reports lower mined volumes on trackless machinery constraints

Platinum group metals (PGMs) miner Zimplats has reported an 11% year-on-year and a 4% quarter-on-quarter decrease in mined volumes for the quarter ended March 31, owing to lower availability of...