Endeavour discovers new mineralised zones at Houndé

TSX-listed Endeavour Mining has discovered two new large mineralised zones – Kari Centre and Kari West – at its Houndé mine, in Burkina Faso. Following the Kari Pump discovery in December last... 

Steenkampskraal BFS to be finalised in 6 to 12 months

A bankable feasibility study (BFS) on the Steenkampskraal rare earths mine, in the Western Cape, will be concluded in the next 6 to 12 months, says Steenkampskraal Holdings chairperson Trevor... 

Centamin lowers FY18 production guidance

Aim-listed Centamin's share price on the LSE fell by more than 15% on Friday after the miner lowered its production guidance for the full year to between 505 000 oz and 515 000 oz. It had... 

AfDB's Africa Investment Forum to take place in November

The African Development Bank (AfDB) on Tuesday launched its Africa Investment Forum (AIF), which will seek to attract investment and public–private partnerships aimed at transformative development... 

IronRidge appoints new chairperson

Neil Herbert has been appointed nonexecutive chairperson of Aim-listed IronRidge Resources with immediate effect. He succeeds Nick Mather, who will remain on the board as a nonexecutive director. 

Signet joins De Beers' Tracr blockchain platform pilot

Signet Jewelers will become the first retailer to join De Beers Group's end-to-end diamond blockchain pilot programme, known as Tracr. Tracr aims to complete the first digital link all the way from... 

Katoro reaffirms mining potential at Imweru

Aim-listed Katoro Gold on Thursday confirmed that there was good upside potential for the further development of its Imweru gold project, in Tanzania. The company assessed the economic viability of... 

Fraser-Moleketi, Mphatlane to join Exxaro board

Geraldine Fraser-Moleketi, Mark Moffett and Isaac Mphatlane will join diversified miner Exxaro Resources’ board, following the retirement of directors Len Konar, Con Fauconnier and Saleh Mayet at... 

De Beers’ rough diamond sales increase to $550m in fourth sales cycle

Diamond producer De Beers reported an increase in rough diamond sales to $550-million for the fourth sales cycle of this year. This is compared with rough diamond sales of $522-million in the... 

Gem recovers 115 ct diamond from Letšeng

LSE-listed Gem Diamonds has recovered a 115 ct, top white colour Type IIa diamond from the Letšeng mine in Lesotho, the highest dollar per carat kimberlite diamond mine in the world.  This is the... 

Goldplat to close Kenya mine plant

Aim-listed Goldplat will close Plant 1 at its Kilimapesa gold mine, in Kenya, following the successful installation and subsequent second-stage expansion of a new processing plant. The new plant,... 

Aveng announces early bond redemption and R1.8bn rights issue

JSE-listed construction group Aveng will implement a R1.8-billion rights offer to raise the capital needed to fund the early redemption of a portion of its existing convertible bonds of R2-billion.... 

Platinum Group Metals and HCI amend strategic investment terms

TSX-listed mining company Platinum Group Metals (PTM) and South African black empowerment investment holding company Hosken Consolidated Investments (HCI) have agreed to amend the terms of a... 

Cobalt supply pressures rising amid DRC conflict mineral concerns

Technology and clean technology companies are increasingly struggling to secure adequate supplies of cobalt, while the ethical sourcing of cobalt also remains a challenge. The Democratic Republic... 

CRM tailings retreatment project cost rises

The estimated cost to complete the chrome tailings retreatment project at the Crocodile River Mine (CRM), in the North-West, has increased by 16.6% to R191.2-million, Eastern Platinum (Eastplats)... 

World Diamond Congress cancelled

The World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA) have cancelled this year’s World Diamond Congress, which was due to be held in Tel... 

Ramaphosa’s ‘New Deal’ could revive investor confidence, restore fiscal discipline – Goldman Sachs

President Cyril Ramaphosa’s economic policy platform – otherwise known as the ‘New Deal’ for South Africa – does not represent a significant philosophical departure from stated objectives in the... 

Minigrid research fund launched for sub-Saharan Africa

Investment firm CrossBoundary, in partnership with The Rockefeller Foundation, launched the Mini-Grid Innovation Lab, in Nairobi, Kenya, last month. The lab is the first research and development... 

EVs not yet disrupting oil demand growth outlook

Short-term oil demand is still growing strong and will continue to do so through the end of 2020, a trend taking place despite the market’s increasing focus on electric vehicles (EVs) and the... 

Gold-backed ETFs attract strongest inflows since early 2017

Gold-backed exchange traded funds (ETFs) added 72.2 t to their holdings in April, taking overall holdings to 2 481 t. According to the latest statistics by the World Gold Council, this is the... 

Amplats awarded global sustainability accolade

Anglo American Platinum (Amplats) has achieved the second-highest sustainability practice score within the metals and mining sector category of ISS-oekom’s global ‘Corporate Responsibility Review... 

Lucara Q1 loss widens

Lower revenues, higher depletion and amortisation costs and higher administrative and other expenses contributed to a widening in Lucara Diamonds’ net loss to $7-million for the quarter ended March... 

Zimbabwe trying to win back investors’ trust

Zimbabwe is committed to introducing mining policy certainty to win back investment and revive the industry following the swearing in of President Emmerson Mnangagwa late last year. Mnangagwa is... 

New book places spotlight on nanotechnology applications and ethics

The Mapungubwe Institute for Strategic Reflection (Mistra) officially launched its new research book Beyond Imagine: The Ethics and Applications of Nanotechnology and Bio-Economics, in Pretoria,... 

New technologies key to driving Africa’s growth

Africa has a historic opportunity to accelerate growth and development by tapping into the potential that new technologies hold, ABB Asia, Middle East and Africa region President Dr Chun-Yuan Gu... 

DBSA appoints new CFO

Boitumelo Mosako has been appointed CFO of development finance institution the Development Bank of Southern Africa (DBSA), effective April 1. Prior to joining the DBSA, she served as the CFO at the... 

CSIR developing biodegradable plastic solutions

Most of the plastics used in South Africa are nonbiodegradable, especially in the packaging industry, and end up in landfills, posing environmental threats and health concerns, Council for... 

ELB gets go-ahead for construction at Ngodwana biomass plant

JSE-listed ELB’s ELB Engineering subsidiary, together with its project partner, KC Cottrell, has received notice to proceed with the building of a 25 MW biomass power plant for Ngodwana Energy... 

Amplats procures energy storage system for Amandelbult

Anglo American Platinum (Amplats) has contracted energy storage systems provider Primus Power to supply its Amandelbult mine, in Limpopo, with eight EnergyPod battery systems. The EnergyPods will... 

Increase in gold exploration dollars spent not yet reflected in new discoveries

Although gold exploration budgets have fallen from a ten-year peak in 2012, spending on finding new gold ounces remains at historically high levels, a report from S&P shows. It points out that... 

Galileo continues discussions with MPP

Aim-listed Galileo Resources has reported that negotiations with an undisclosed major phosphate/fertiliser producer (MPP) are continuing positively. The company is talks with the MPP to finalise a... 

Sylvania’s Q3 production falls after ‘challenging’ January

A challenging January has resulted in Aim-listed Sylvania Platinum’s four-element (4E) platinum group metals (PGMs) production decreasing by 3% quarter-on-quarter to 16 857 oz for the third quarter... 

SAA fills critical vacancies as it pursues turnaround

South African Airways (SAA) has announced key appointments to fill the critical skills gap at the airline as it forges ahead with implementing a turnaround plan. Pumla Luhabe was appointed chief... 

Nersa reappoints part-time regulator members

Energy Minister Jeff Radebe has reappointed Jacob Modise, Maleho Nkomo and Fungai Sibanda as part-time regulator members of the National Energy Regulator of South Africa (Nersa). Modise was... 

New technology being used to immortalise Mandela in centenary coins

The South African Mint, a subsidiary of the South African Reserve Bank, will roll out a series of three collectable and one circulation coin depicting the life of distinguished statesman and global... 

Nanoclay technology being developed as possible means to treat AMD

The Council for Scientific and Industrial Research (CSIR) is developing low-cost polymer-based adsorbents for the removal of toxic pollutants such as heavy metals, anions and organics, from... 

PTM completes Maseve mine sale

Platinum Group Metals (PTM) has concluded the sale of its equity in Maseve Investments, the holding company of the Maseve mine, to Royal Bafokeng Platinum (RBPlat).  The aggregate consideration... 

Norilsk sees increase in all metals during Q1

Russian palladium and nickel mining company Norilsk Nickel, which also owns operations in Finland and South Africa, increased production of all key metals in the first quarter of the year. “The... 

Gem lifts Q1 production, sales

LSE-listed Gem Diamonds’ carat recoveries increased by 32% year-on-year to 33 526 ct for the three months ended March 31, compared with the 25 479 ct recovered in the first quarter of 2017. Carat... 

Lucara recovers 327 ct diamond from Karowe

Diamond producer Lucara Diamonds has recovered a 327 ct, top white gem diamond from its 100%-owned Karowe diamond mine, in Botswana.  Eight diamonds greater than 100 ct have now been recovered at...