Aveng demerger signals possible exit from South African market

Construction, engineering and contract mining group Aveng has outlined plans to split its Australian and South African operations into two separate and independent entities. This demerger, which... 

Kamoa-Kakula’s Phase 3 concentrator reaches commercial production

Dual-listed Ivanhoe Mines’ Phase 3 concentrator at the Kamoa-Kakula Copper Complex, in the Democratic Republic of the Congo (DRC), has reached commercial production, the company announced on August... 

Thungela’s underwhelming interim results attributed to coal price dips, rail inefficiencies

Coal producer Thungela has blamed an unfavourable price environment across the Richards Bay and Newcastle Benchmark coal prices, together with the continued underperformance by State-owned Transnet... 

Madison CEO urges investors to buy uranium equities while prices are low

Uranium resource developer Madison Metals CEO Duane Parnham has urged investors to take advantage of the low price of uranium equities before it starts to rise again. “Uranium equities have... 

Master Drilling warns of lower earnings ahead of interim results release

JSE-listed Master Drilling has warned that its earnings per share (EPS) for the six months ended June 30 are expected to be between 6c and 40.3c a share – between 76.5% and 96.5% lower than the EPS... 

Aggressive scrap metal policies should be based on transparent data, not conjecture, expert says

Significant alterations to existing scrap metal regulations and outright bans – albeit temporary – on the trade of certain scrap metals should not be made without access to transparent and accurate... 

Capital’s interim revenue up 9.8% y/y

Mining services company Capital has announced first-half revenue of $169.4-million, marking a 9.8% increase from $154.3-million in the 2023 interim period. The company's full-year revenue guidance... 

Aura completes restructuring of offtake agreement with Curzon

ASX- and Aim-listed Aura Energy has completed the restructure of its uranium offtake agreement with Curzon Uranium, which has increased the price receivable for planned uranium production at the... 

More investment in copper production outside of China needed

Copper demand is expected to rise by 75% to 56-million tonnes by 2050, necessitating substantial investment, a new report by data analytics firm Wood Mackenzie shows. The firm says that, as major... 

Eyes, ears still the most vulnerable to occupational harm, expert says

Eyes and ears remain the most frequently injured body parts of workers claiming compensation for occupational injuries and diseases in the South African mining and industrial sectors, insurance... 

Higher gold price boosts DRDGOLD’s full-year revenue

JSE-, ASX- and NYSE-listed DRDGOLD has reported a 14% year-on-year increase in revenue to about R6.24-billion for the financial year ended June 30, which the company said was mainly owing to a 20%... 

Processing operations under way at Tirupati’s Vatomina graphite project

Following the start of full-scale mining operations at Vatomina, in Madagascar, on July 28, specialist flake graphite company Tirupati Graphite confirmed on August 13 that processing operations... 

First copper concentrate produced from Jubilee’s Roan front-end module

Diversified metals producer Jubilee Metals has announced the first production of copper concentrate from the front-end module at its Roan concentrator facility in Zambia. The copper concentrate... 

NextSource appoints new downstream operations executive VP

TSX- and OTCQB-listed NextSource Materials has announced the appointment of Dr Tilo Hauke as downstream operations executive VP, effective October 1. Hauke joins NextSource from US- and... 

Lucara sold 76 387 ct during the second quarter

Diamond producer Lucara Diamond Corp sold 76 387 ct of diamonds, generating $41.3-million in revenue, during the second quarter ended June 30. The company recovered 92 419 ct of diamonds at a grade... 

Sovereign starts infill drilling at Kasiya

ASX-listed Sovereign Metals has started an infill drilling programme at its Kasiya rutile/graphite project, in Malawi, to support ongoing technical studies. Aircore drilling, supported by push... 

Aveng expects to deliver earnings per share profit at financial close

Construction and mining group Aveng has alerted shareholders that they can expect an earnings a share and headline earnings a share profit for the financial year ended June 30, compared with the... 

TFR reports modest improvement but admits much work still to be done

Although there has been a “slight” improvement year-on-year in terms of State-owned Transnet Freight Rail’s (TFR’s) North Corridor performance, the beleaguered rail operator is “not out of the... 

New scrap metal portal launched

A new online platform called MyScrapMatters has been launched, acting as a single centralised hub to provide comprehensive information about the scrap metal industry in South Africa. The aim of the... 

Seifsa raises issues with proposed amendments to scrap metal trading laws

Industry body the Steel and Engineering Industries Federation of Southern Africa (Seifsa) has criticised the proposed amendments to the Regulations to the Second-Hand Goods Act put forward for... 

NextSource completes screening equipment upgrade at Molo

TSX- and OTCQB-listed NextSource Materials has completed the planned screening equipment upgrades at its Molo graphite mine, in southern Madagascar, the company announced on August 7. The company... 

Copper 360 to refocus on growing profitability after getting Rietberg off the ground, CEO says

With JSE-listed Copper 360’s Rietberg copper mine, in the Northern Cape, now in production, CEO Jan Nelson says it is a good time for the company to focus on recovering from the major capital... 

Bushveld optimistic about next 18 months following corrective measures

Ahead of the company's upcoming AGM, Aim-listed vanadium producer Bushveld Minerals has said the outlook remains positive for the remainder of this year into 2025 owing to the rationalisation of... 

Drilling to start imminently at Aterian’s Agdz project in Morocco

LSE-listed Aterian’s maiden scout drilling programme is set to begin imminently at the company's 100%-owned Agdz copper/silver project, which covers 34.5 km2 in the eastern Anti-Atlas mountains of... 

Centaurus ups Jaguar resource estimate

Australia-listed Centaurus Metals has announced a significant increase in both the size and confidence levels of the mineral resource for its flagship 100%-owned Jaguar nickel sulphide project in... 

RMC reports significant gold intercepts at Tanzania project

A maiden reverse circulation (RC) drilling programme has been successfully completed at the Mpanda gold/copper project, in Tanzania, with significant intercepts returned from the Kabungu prospect,... 

Rome Resources starts drilling at DRC prospect

Aim-listed Rome Resources has started drilling on its Kalayi prospect in the North Kivu province of the Democratic Republic of Congo (DRC). The Kalayi prospect, together with the Mont Agoma and the... 

Kavango identifies new gold structures at Nara, releases technical report for Ditau

London-listed Kavango Resources has identified several new, previously unknown induced polarisation (IP) zones at its Nara gold exploration project, in Zimbabwe, in addition to further extensions... 

Hillgrove gold, antimony project PFS indicates plenty of upside

The results of Australia- and Germany-listed Larvotto Resources' prefeasibility study (PFS), completed on its 100%-owned Hillgrove gold and antimony project in New South Wales, shows promising... 

SA’s automotive prospects clouded by high taxes and exports risks

The importance of export growth as an automotive industry strategy is crucial to mitigate the numerous risks associated with South Africa's low growth environment. "We see export growth as a really... 

Marula’s new ore sorter to be transported to Blesberg soon

AQSE- and A2X-listed Marula Mining’s Tomra COM XRT 1200 ore sorter has been decommissioned in Gauteng and will be transported to Springbok in the Northern Cape soon, the company said on August 1.... 

Infrastructure refurbishment investment alone could provide R100bn/y manufacturing stimulus

South Africa’s decaying water, electricity and logistics infrastructure presents a R100-billion a year repair and refurbishment investment opportunity that could provide much-needed stimulus for... 

First spodumene concentrate produced at Liontown’s Kathleen Valley

The first spodumene concentrate has been produced at ASX-listed Liontown Resources’ Kathleen Valley operation, in Western Australia. Following progressive commissioning of the process plant, ore... 

New Gold meets production targets for the second quarter

TSX- and NYSE-listed New Gold has produced 68 598 oz of gold and 13.6-million pounds of copper for the second quarter ended June 30. This was achieved at an operating expense of $1 156/oz of gold... 

Lance uranium recovery plant modification proceeding on schedule, Peninsula says

Plant construction and wellfield development activities at ASX- and OTCQB-listed Peninsula Energy and its wholly-owned US subsidiary Strata Energy’s Lance project, in Wyoming, are progressing on... 

Rome Resources mobilises drills to site at Bisie North

Aim-listed Rome Resources has begun the mobilisation of the first of three diamond core drill rigs to be used in the first week of August at sites identified and prepared by the company at its... 

Qld govt provides A$20.7m grant to fund Harmony’s Eva copper mine project

Gold mining company Harmony Gold has welcomed a decision by the Queensland government, in Australia, to provide conditional grant funding of A$20.7-million to Harmony Gold’s Eva copper mine project... 

Gold demand, including OTC investments, up 4% y/y in the second quarter

Gold demand, excluding over-the-counter (OTC) investments, decreased by 6% year-on-year to 929 t in the second quarter, as a significant decline in jewellery consumption overshadowed moderate gains... 

St Barbara upgrades Simberi resource by 5%, ore reserves by 40%

ASX-listed St Barbara has announced a significant update to its mineral resources at the Simberi gold operations, in Papua New Guinea, as of June 30. The company has revised its mineral resources... 

Geopacific’s Woodlark scoping study indicates a promising project

The results of a scoping study for Geopacific Resources' 1.56-million-ounce Woodlark gold project, in Papua New Guinea, indicate strong financial returns, including significant free cash flow and...