Aureus buys gold corridor licences adjacent to its Liberia mine

West African gold producer Aureus Mining has inked a deal that will see it acquiring three exploration licences contiguous to the company's Bea Mountain mining licence and located close to the New... 

PTM secures $80m to advance WBJV mine

TSX- and NYSE-listed Platinum Group Metals (PTM) has delivered notice to Sprott Resource Lending Partnership for the drawdown of a $40-million working capital facility, executed in February. The... 

Development delays at Lace mine to hit 2016 Q1 cash flow

South African diamond asset developer DiamondCorp continues to advance development at the Lace diamond mine, in the Free State, with work on the Upper K4 (UK4) block focused on preparing the 310 m... 

Singapore investor eyes stake in CoAL’s coking coal project

Singaporean private investment firm Yishun Brightrise Investment has kicked off a due diligence investigation of Coal of Africa Limited’s (CoAL’s) Makhado coking coal project, in Limpopo,... 

‘Resilient’ small businesses now face funding, cash flow headwinds

South African small- and medium-sized enterprises (SMEs) continue to show resilience in the face of lingering economic headwinds, funding shortfalls and delayed client payments, results from the... 

Goldplat returns to profitability, seeks S American prospects in Q1

Aim-listed Goldplat has reported “robust” gold production of 9 581 oz for the quarter ended September 30, pointing to stability across its South African, Ghanaian and Kenyan gold operations that... 

African Potash secures finance deal for offtake partners

Aim-listed explorer African Potash has advised that its investment banking adviser Loita Capital Partners International has arranged an offtaker finance facility term sheet with local bank Ecobank... 

Minbos awarded licence over additional Angolan deposits

ASX-listed Minbos Resources has secured licences for all deposits within its 50%-owned Cabinda phosphate project, in Angola. The company announced on Tuesday that the Angolan Ministry of Mines and... 

Kenmare’s Moma mine lifts Q3 heavy minerals concentrate output

Mineral sands production from Kenmare Resources’ Moma titanium minerals mine, in Mozambique, continued to increase in the third quarter ended September 30, as the mine resumed steady operations... 

Aquarius lifts Q1 output; metals prices cut profits

Triple-listed Aquarius Platinum has lifted attributable production for the quarter ended September 30 by 8% year-on-year to 93 513 oz of platinum-group metals (PGMs). The group’s Kroondal mine... 

True Gold names former Nevsun finance man CFO

Replacing Ryan Torvik, who had been with the company since the prefeasibility stage of the flagship Karma gold mine, in Burkina Faso, TSX-V-listed True Gold Mining has appointed Peter Hardie as... 

IFM stalls annual report as subsidiary’s business rescue process advances

Ferrochrome producer International Ferro Metals (IFM) expects to publish the business rescue plan for its embattled South African subsidiary IFM South Africa (IFMSA) by November 30, noting in a... 

Northam, Heraeus sign R300m platinum offtake, development deal

Platinum producer Northam Platinum has agreed terms to extend a cooperation agreement with offtake partner Heraeus Deutschland and Heraeus South Africa (HSA), the terms of which will see Heraeus... 

First ‘fully local’ solar PV projects selected under REIPPPP

The 5.8 MW Adams and 5.8 MW Bellatrix solar projects, in the Western Cape, have been selected under the Department of Energy’s (DoE’s) Renewable Energy Independent Power Producer Procurement... 

R&D partnership sees launch of new ‘morogo’-flavoured noodles

After three years of collaborative research and product development centered on the potential health benefits, nutraceutical and functional food applications of various indigenous South African... 

Thabane Zulu appointed new DoE director-general

n a move welcomed by Energy Minister Tina Joemat-Pettersson, former Human Settlements director-general Thabane Zulu has been appointed director-general of the Department of Energy (DoE). He... 

TNPA advances deepening of Port of Durban’s berths

Following Transnet National Ports Authority’s (TNPA’s) ongoing efforts to address shallow spots exacerbated by the size of megaships now calling at the Port of Durban, harbour master Captain Alex... 

Housing a vital market for consulting engineers amid infrastructure slowdown

While the pipeline of infrastructure projects promised under government’s National Development Plan remains largely elusive, the country’s housing and human settlements sector is emerging as a key... 

Jubilee receives R110.5m payout for Middelburg operations

Mine-to-metals company Jubilee Platinum has received the R110.5-million cash consideration from Siyanda Resources in relation to the disposal of Jubilee Smelting and Refining (JSR) and its 70%... 

Low zinc prices push Glencore to slash 500 000 t/y of production, shed jobs

Diversified major Glencore has revealed plans to cut back on its production of zinc across its portfolio in Australia, South America and Kazakhstan, saying a 500 000 t/y output reduction would... 

Firestone Diamonds, Tango extend payment date for Botswana deal

Aim-listed Firestone Diamonds has agreed to amend certain conditions of the conditional sale agreement (CSA) related to the disposal of the company's Botswana operations to Tango Mining for... 

Volatile commodity markets ‘business as usual’ for BHP, says Nasser

While observing that the last 12 months had been economically volatile and uncertain, BHP Billiton chairperson Jac Nasser has described the resources group as “robust and resilient”, remaining well... 

600 MW KiPower coal project given environmental go-ahead

The Department of Environmental Affairs (DEA) has granted an integrated environmental authorisation (IEA) for the construction of the 600 MW KiPower coal-fired independent power plant near Delmas,... 

Platinum sector still pulling billions in investment, report shows

Despite multiyear low platinum prices and significant demand uncertainty in the key markets of autocatalysts, jewellery and investment, a sector report by investment banking firm Liberum has... 

Anglo lowers FY diamond output guidance as Q3 production falls 27%

Diversified miner Anglo American has lowered its forecast diamond production for the full year to 29-million carats. At the start of the year, it had expected diamond production of between... 

Sibanye becomes latest gold producer to ink 3yr wage deal with unions

Gold producer Sibanye Gold has inked a three-year wage deal with labour unions, the National Union of Mineworkers (NUM), Solidarity and Uasa, which will see entry-level workers receiving increases... 

Bass transfers A$300 000 to Stratmin in Mauritius deal

ASX-listed Bass Metals has paid London-listed graphite producer StratMin Global Resources A$300 000 in two separate instalments as part of the Australia-based company’s £2-million earn-in agreement... 

Operational hiccups at Tanzanian mines wound Acacia’s Q3 showing

"Disappointing” operational performances at London-listed Acacia Mining’s Bulyanhulu and Buzwagi mines, in Tanzania, have driven a 14% year-on-year slump in the production of gold to 163 888 oz for... 

Lonmin looks to shareholder for $400m parachute, maintains job cut plans

Advancing its efforts to ride out the low platinum price environment, dual-listed platinum miner Lonmin has announced plans to raise $400-million through a rights issue and has reiterated plans to... 

Shanta’s New Luika delivers record Q3 gold output

East Africa-focused Shanta Gold has delivered record quarterly production of 24 522 oz of gold for the three months to September 30, benefiting from a 33% quarter-on-quarter lift in gold ore grade... 

Aveng to repay A$112m advance for Queensland JV gas project

The Queensland Curtis Liquefied Natural Gas (QCLNG) pipeline and facilities project has requested the repayment of the remaining A$112-million advance payment from construction and engineering... 

African Potash adds Oxford alum, EY partner to board

Aim-listed explorer African Potash has appointed professional services firm EY senior partner and oil & gas leader for Africa Elias Pungong as nonexecutive director, following the exit of board... 

Richland delivers 156 000 ct in Q3 ramp-up of Capricorn mine

London-listed Richland Resources has delivered 156 000 ct in the three months to September 30 as part of the production start-up and ramp-up process at its Capricorn sapphire operation, in... 

Absence of long-term Eskom contracts to drive 70% slip in Wescoal H1 earnings

Coal producer Wescoal is readying for an up to 70% decrease in earnings a share for the six months ended September 30 to 4.56c and 5.62c, blaming the weaker half-year performance on the erosion of... 

Debt-heavy Rockwell juggles operating costs, repayment obligations in Q2

After suspending its finance-raising efforts at the end of August amid the downturn in global commodity and equity markets, diamond explorer Rockwell Diamonds has described the ongoing challenge of... 

PRASA launches high-tech Gauteng ‘nerve centre’

Consolidating the province’s eight existing passenger train control rooms into a single, high-tech “super” control centre that will act as Gauteng’s passenger signalling hub, State-owned rail... 

Namibia punts strategic shipping position as it targets new investors

While acknowledging that its compact population size of 2.1-million offered limited market scope for potential investors, Namibia continues to punt its strategic location along a key transatlantic... 

York Timbers outlines plan for R1.4bn biomass power plant

Local timber group York Timbers has fleshed out ambitious plans to establish a R1.4-billion electrical biomass power plant at its timber plant, in Mpumalanga, which will deliver 25 MW into the... 

Siemens eyeing emerging brewery markets for automation offering

International technology group Siemens has placed the emerging growth markets of Africa, South America and Asia at the centre of its strategy to encourage the early adoption of automation and... 

‘Extraordinary’ interventions urged as business confidence drops to 22-year low

After rallying to 87.9 in July and dipping to 84.3 in August, the South African Chamber of Commerce and Industry’s (Sacci’s) business confidence index (BCI) lost another 2.7 index points in...