Analysts predict gold to trade at average $2 547/oz in the second half

Independent previous metals authority London Bullion Market Association (LBMA) has cited analysts predicting that the gold price will trade even higher in the second half of the year, following a... 

Capital posts solid growth in second-quarter revenue

London-listed mining services company Capital has posted a 16.6% year-on-year increase in revenue to just under $90-million for the quarter ended June 30. The revenue generated in the quarter... 

Uasa, Petra Diamonds sign five-year wage agreement for Cullinan mine

Trade union Uasa has signed a five-year wage agreement with the management of the Cullinan mine, which is owned by London-listed Petra Diamonds. The agreement is effective from July 1 this year... 

Predictive advances promising targets around main deposit area of its Bankan project

ASX-listed Predictive Discovery has announced more solid results from infill drilling at the BC deposit of its Bankan gold project, in Guinea, which should allow the company to upgrade some of its... 

Sibanye features on FTSE4Good index for the ninth consecutive year

JSE- and NYSE-listed miner Sibanye-Stillwater has once again made it onto British financial organisation the Financial Times Stock Exchange (FTSE) Russell Group’s sustainability index. The... 

Consortium receives maiden vessel at Port of Lobito as concession takes shape

The Lobito Atlantic Railway (LAR) consortium has received the first vessel at the Port of Lobito’s mineral terminal, marking the start of the group’s port operations in Angola. LAR is the... 

Blencowe receives another $500 000 tranche in US grant funding

London-listed Blencowe Resources has received a fourth tranche of funding worth $500 000 from the US International Development Finance Corporation (DFC), which is the US government’s private sector... 

Mining companies, suppliers team up to advance evolving ESG goals

The South African mining industry continues to be a key contributor to the fiscus, with local producers and suppliers paying about R14-billion in royalties and R90-billion in taxes in the year... 

WEF highlights AI, cooling solutions, genomics, carbon capture as top emerging technologies

The World Economic Forum (WEF) has identified the ten technologies with the greatest potential to make a positive impact in the world in the next three to five years. The WEF unpacks these... 

Mining companies, suppliers team up to advance evolving ESG goals

The South African mining industry continues to be a key contributor to the fiscus, with local producers and suppliers paying about R14-billion in royalties and R90-billion in taxes in the year... 

Gold-backed ETF inflows in Asia reached a record in the first half of this year

Global gold exchange-traded funds (ETFs) recorded inflows for two consecutive months to end-June, with Asian buying offsetting outflows in North America. Gold-backed ETFs attracted $1.4-billion of... 

Cape Town consultancy launches community engagement platform for large-scale projects

Cape Town-based sustainability consultancy Cultiver Group has launched a community engagement platform called ENGAGE!, which is aimed at helping ensure inclusivity and lower social risk for... 

Eskom implements load reduction in seven provinces, but loadshedding remains suspended

With continued cold winter weather, increasing electricity theft and the indiscriminate use of electricity, the issue of network overloading has resurfaced in seven of South Africa’s provinces,... 

Ramokgopa warns of distribution challenges, plans more renewables rounds

Despite Eskom having made progress on improving the country’s energy availability factor (EAF), lowering the unplanned capacity loss factor (UCLF) and achieving 100 consecutive days without... 

Niger govt takes back Madaouela mining right from GoviEx

The government of Niger has issued TSX-V-listed GoviEx Uranium with a letter, stating that it no longer has rights over the perimeter of the Madaouela mining permit. GoviEx operated the project and... 

Emmerson submits optimised ESIA for approval, advances patents and crop trials

Morocco-focused Emmerson has submitted an updated environmental- and social-impact assessment (ESIA) incorporating optimisation from the Khemisset Multimineral Process (KMP) that the company has... 

Katoro appoints Cullen interim CEO

Aim-listed Katoro Gold has appointed Patrick Cullen as interim CEO, to guide development of the Haneti nickel and gold project, in Tanzania. He succeeds Louis Coetzee who stepped down from the... 

Minerals Council welcomes small input cost decrease for the mining sector in May

Industry body the Minerals Council South Africa says mining input costs rose by 6.6% year-on-year in May, marking a 0.6 percentage point decrease compared with April. The decrease is a positive... 

Petra Diamonds concludes last sales cycle for FY24, generates higher revenue

London-listed Petra Diamonds has generated $38-million of revenue in its seventh tender cycle for the year, having sold 337 064 ct. This brings revenue for the 2024 financial year to... 

Rio Tinto increases shareholding in emerging graphite miner Sovereign to 19.7%

Diversified mining group Rio Tinto will increase its shareholding in ASX- and Aim-listed Sovereign Metals to 19.76%. Rio exercised just under 35-million share options to acquire the same number... 

Gem Diamonds recovers 123 ct diamond from Letšeng

London-listed Gem Diamonds has recovered a 123.20 ct Type II white diamond from the Letšeng mine, in Lesotho. This marks the eighth diamond greater than 100 ct in size that the company has... 

Minerals Council reiterates mining industry priorities as it welcomed Mantashe’s reappointment

Industry body the Minerals Council South Africa has welcomed the reappointment of Gwede Mantashe as Mineral and Petroleum Resources Minister, with this Ministry having been separated from that of... 

Orion to undertake placement, share purchase plan

ASX-listed Orion Minerals has secured firm commitments for a placement of new ordinary shares to sophisticated and professional investors to raise A$7.7-million, or R92.3-million. About... 

Rainbow signs royalty, equity agreement with Ecora, raising $10m for Phalaborwa studies

London-listed Rainbow Rare Earths has signed a share placing and royalty agreement with fellow-listed Ecora Resources, raising $10-million for Rainbow to proceed with studies at the Phalaborwa rare... 

MC Mining signs R20m loan agreement with shareholder

Coal miner MC Mining has entered into a R20-million, or $1.1-million, loan facility with South Africa-based private company Dendocept for working capital purposes. Dendocept has a 6.8% shareholding... 

Marula starts shipping manganese from Larisoro mine to Mombasa port

London- and South Africa-listed battery metals miner Marula Mining has successfully started manganese ore shipping from the Larisoro manganese mine, in Kenya. Marula is transporting about 1 000 t... 

Hive Hydrogen to boost Gqeberha economy

Energy company Hive Hydrogen’s incoming R105-billion green ammonia plant in the Coega Industrial Development Zone, in Gqeberha, will create major opportunities for green industrial development and... 

Experts unpack the evolution of ESG across the mining value chain

Environmental, social and governance (ESG) has evolved to being driven by external factors such as shareholder activism and investor confidence, rather than regulatory frameworks, finds a panel... 

Kodal confirms lithium extension into Boumou prospect on Bougouni licence

Aim-listed lithium developer Kodal Minerals has confirmed further mineralised extensions on the Boumou prospect, within the Bougouni lithium project, in Mali. The company has determined that... 

ICMM suggests tax reforms to drive greater investment to meet demand for metals and minerals

Mining organisation ICMM says its members paid corporate income tax (CIT) and royalties of $54.2-billion last year, employed 561 800 people and paid $39-billion in wages. About $187-billion was... 

Global renewables pledges fall short of COP28 targets

Although Nationally Determined Contributions (NDCs) are key to decarbonisation, current NDCs only amount to 1 300 GW, or 12%, of the renewable energy capacity needed to meet the objective of... 

Mokopane takeover sanctioned

The Competition Commission has approved the acquisition by Southern Point Resources (SPR) Fund I of Mokopane, the holding company for a mining right in South Africa’s Limpopo province. SPR Fund I... 

Commission approves Prax’s acquisition of Natref

The Competition Commission has conditionally approved a proposed transaction between Prax South Africa and the National Petroleum Refiners of South Africa (Natref), whereby the former intends to... 

Orange export volumes to be lower than initially expected

The Citrus Growers’ Association of Southern Africa (CGA) has revised downward its estimates for Navel orange exports this season to 22-million 15 kg cartons. The association initially expected... 

Kamoa-Kakula Phase 3 concentrator achieves first production ahead of schedule

Canada-headquartered miner Ivanhoe Mines has achieved first concentrate production at the Kamoa-Kakula operation’s Phase 3 concentrator, in the Democratic Republic of Congo (DRC). The Phase 3... 

Oriole starts delayed Phase 5 drilling at Cameroon project

Aim-listed Oriole Resources has advised of a number of logistical challenges hampering a Phase 5 drilling programme on the main mineral resource area of its Bibemi gold project, in Cameroon.... 

Agriculture, mining remain growth areas for Omnia, despite difficult operating environment

JSE-listed chemicals group Omnia has reported a 10% decrease in operating profit to R1.7-billion for the financial year ended March 31, saying this reflected volatile market conditions and global... 

ICMM suggests tax reforms to drive greater investment to meet metals, minerals demand

Mining organisation ICMM says its members paid corporate income tax (CIT) and royalties of $54.2-billion last year, employed 561 800 people and paid $39-billion in wages. About $187-billion was... 

Tirupati clarifies rationale of certain corporate actions amid minority shareholder pressure

London-listed emerging graphite miner Tirupati Graphite has, in a statement to shareholders on June 5, explained its rationale for appointing certain board members rather than those suggested by a... 

Aura starts dual funding workstreams to garner debt, strategic financing for Tiris

ASX- and Aim-listed Aura Energy has started two funding workstreams to underpin the development of the Tiris uranium project, in Mauritania. The company aims to secure an integrated funding...