Edenville places shares to raise £400 000 to deal with capital constraints

Aim-listed energy company Edenville Energy has issued 5.71-million shares in an effort to raise £400 000 that it will use to provide additional working capital, to settle outstanding creditors and... 

Energy crisis driving an acceleration in renewables installations – IEA

The global energy crisis is driving an unprecedented acceleration in the installation of renewable power, with total capacity growth worldwide set to almost double in the next five years to reach 2... 

RBPlat clarifies independent expert findings following Northam TRP complaint

Northam Platinum has submitted a complaint to the Takeover Regulation Panel (TRP) in terms of Section 168(1)(a) of the Companies Act in response to RBPlat’s independent expert finding that Implats’... 

Tsodilo launches online landing pages to update market on Xaudum licence litigation

As a result of “overwhelming” interest in diamond and metals explorer Tsodilo Resources’ legal action against the Botswana Ministry of Minerals & Energy (MME), the former has established landing... 

Thungela, Inyosi Coal share swap a ‘great’ empowerment deal – Balfour

A successful R1-billion transaction on November 24, in which Anglo Coal’s black economic empowerment partner Inyosi Coal acquired shares in JSE-listed Thungela Resources, is being labelled a “great... 

Horizonte Minerals awards long-term port agreements for Araguaia project

Aim- and TSX-listed nickel project developer Horizonte Minerals has entered into two long-term port agreements, securing access for the import of required raw materials and the export of final... 

Kropz draws down first R307.5m of R550m ARC fund loan

Aim-listed emerging African phosphate producer and developer Kropz made its first drawdown request under the new R550-million convertible equity facility from the company's largest shareholder... 

Karo Mining’s $50m VFSX bond extended after strong demand

Karo Mining, an 85%-owned subsidiary of JSE- and LSE-listed platinum group metals (PGMs) and chrome co-producer Tharisa, reports that the subscription closing date to raise $50-million by way of... 

Canadian govt approves the enviro assessment of Generation PGM’s Marathon mine

The Canadian government has approved the environmental assessment of TSX-listed Generation PGM’s Marathon palladium/copper project. Generation will now proceed with obtaining any additional... 

Amplats progressing with Hydrogen Valley value addition

The Hydrogen Valley project has helped platinum group metals miner Anglo American Platinum (Amplats) map out a blueprint for the ‘art of the possible’ for green hydrogen to develop and scale up in... 

Drilling extends Ity gold mine’s mineral resource by 17% to over 5Moz

An exploration programme at gold miner Endeavour Mining’s Ity gold mine, in Côte d’Ivoire, has resulted in the successful delineation of 750 000 oz of measured and indicated resources, lifting the... 

2023 Mining Indaba to focus on Africa’s green metals opportunity

Next year’s Investing in African Mining Indaba will focus on the ways Africa can enhance the opportunity to increase the supply of green metals to meet global energy demands, while creating... 

Atlantic Lithium issues new COO with 4m shares

Aim-listed Africa-focussed lithium explorer and developer Atlantic Lithium reports that incoming nonboard COO Keith Muller has assumed his new role in the company. As part of his employment... 

Extortion rackets becoming an epidemic in South Africa – Mavuso

Large industries, from mining to construction, are being targeted by extortion rackets of epidemic proportions, as organised crime is fast emerging as the biggest threat to South Africa’s economy,... 

Alexkor issues tender for West Coast diamond contract miners

State-owned diamond miner Alexkor, through its pooling and sharing joint venture (PSJV) with the Alexkor Richtersveld Mining Company (RMC), has issued an expression of interest for contract diamond... 

Implats issues RFI for renewable energy to be wheeled to its South African sites

Platinum group metals miner Impala Platinum (Implats) has issued a request for information (RFI) to buy an unspecified volume of electricity, through wheeling from renewable energy sources, for its... 

Petra reports 6% y/y rise in second yearly diamond tender sales

Diamond miner Petra Diamonds sold 447 276 ct of diamonds for $61.3-million during its second tender for the 2023 financial year. Sales were up 6% year-on-year as a result of the final closure date... 

Tirupati’s Madagascan projects continue at full pace following reorganisation

Specialist graphite and graphene company Tirupati Graphite reports that its Madagascar-based Vatomina preconcentrate plant continues to operate uninterrupted and at nameplate ore feed capacity of... 

AfriTin buoyed by exploration of Namibia licence ML133

Tin miner AfriTin Mining is progressing with exploration of mining licence ML133, located about 35 km south-east of the company’s Uis mine in Namibia, having found thus far 13 m of mineralisation... 

WGC members paid $57.1bn to host economies in 2021

World Gold Council (WGC) member companies directly contributed $57.1-billion to host economies in 2021, says the WGC’s ‘Social and Economic Contribution of Gold Mining’ report that was released... 

PTM settles debt, narrows full-year net loss

TSX- and NYSE-listed Platinum Group Metals (PTM) continued its efforts to lower costs, but nonetheless incurred a net loss of $8.24-million for the financial year ended August 31 – a 37%... 

Jubilee achieves export-grade cobalt from Sable refinery

Aim- and Altx-listed metals processing company Jubilee’s Zambia-based Sable Refinery has successfully produced export-grade cobalt, enabling a ramp-up of operations. Sable has also successfully... 

Omnia sees further growth in targeted sectors, interim earnings up 30%

JSE-listed diversified chemicals producer Omnia grew its interim earnings before interest, taxes, depreciation and amortisation, excluding its Zimbabwean operations and impairments, by 30%... 

The Impact Catalyst launches in Mpumalanga

Large-scale, socioeconomic development initiative driver The Impact Catalyst was launched in Mpumalanga on November 21 to promote initiatives designed to leverage collaboration to deliver a... 

Corporate boards urged to stop regarding ESG as an ‘external threat’ driven by activists and shareholders

South African companies need to change how they view the factors of the environment, social impact and corporate governance, otherwise known as ESG, from that of a toxic external threat and to a... 

World Diamond Council proposal breaks Kimberley Process ratification impasse

A proposal by the World Diamond Council (WDC) managed to break an impasse at this year’s Kimberley Process (KP) meeting, in Botswana, during which a communiqué had to be ratified by consensus on... 

NUM to celebrate 40 years

The National Union of Mineworkers (NUM) will celebrate its fortieth anniversary at the old Peter Mokaba Stadium in Polokwane, Limpopo, on December 4. Established in 1982 in Klerksdorp (now... 

Northam tables ‘firm intention’ to acquire remaining RBPlat shares

JSE-listed platinum group metals (PGMs) miner Northam Platinum has announced its firm intention to acquire all remaining shares in fellow PGMs miner Royal Bafokeng Platinum (RBPlat) which it does... 

Council urges gold miners to plan further for climate change risks

A report by the World Gold Council (WGC) into climate change and gold finds that the gold sector will likely require more consistent and systematic planning and wider collaboration, including... 

Triple Flag reports stable third-quarter performance

TSX- and NYSE-listed gold-focused, emerging senior streaming and royalty company Triple Flag Precious Metals sold 19 523 gold-equivalent ounces (GEO) in the third quarter, down slightly from the 20... 

Aterian appoints new COO

Critical and strategic metal-focused explorer and developer Aterian has appointed Luke Rogers COO with effect from November 1. He has over 14 years of international mining experience – working... 

M&R Cementation appoints MD following incumbent's 2023 retirement

Underground mining contractor Murray & Roberts (M&R) Cementation has appointed Japie du Plessis MD designate, effective March 1, 2023, following the retirement of incumbent Mike Wells, who will... 

Petra says eastern wall of Williamson tailings dam breaches, teams on site

Diamond miner Petra Diamonds reports that an eastern wall of a tailings storage facility at its Williamson mine, in Tanzania, was breached earlier on November 7, resulting in flooding away from the... 

World Bank’s Malpass visits Komati power station after approving JET loan

Public Enterprises Minister Pravin Gordhan welcomed World Bank president David Malpass to State power utility Eskom’s Komati power station following the bank’s approval of a R9-billion... 

Drilling campaign expands Sanankoro resource

West Africa-focused gold explorer and developer Cora Gold, undertaking drilling at an exploration target that is part of its Sanankoro gold project, in Mali, reports that the target has the... 

October sees gold ETF uptick, despite six-month decline

The World Gold Council (WGC) reports that October data on gold exchange-traded funds (ETFs) points to market sentiment remaining “cloudy” as the commodity fell 12% from September, declining by 59 t... 

Buffalo Coal offers one-for-one rights offer to shareholders

AltX- and TSX-V-listed South African coal miner Buffalo Coal Corporation will offer rights to South African and Canadian holders of its common shares, on a one-for-one basis, at the close of... 

MC Mining completes A$40m rights offer

Aim-, ASX- and JSE-listed coal explorer, developer and miner MC Mining has successfully concluded a fully underwritten renounceable rights offer, raising its targeted A$40-million through the issue... 

Gemfields to auction 187 775 ct Kafubu emerald cluster

Gemstone miner Gemfields is set to put on auction the 187 775 ct (37 555 g) cluster of emeralds that was unearthed in the Chama pit of the miner’s 75%-owned Kagem emerald mine, in Zambia, in March... 

Stable third-quarter production pushes Gold Fields’ earnings higher

With an all-inclusive cost (AIC) of $1 279/oz and sustaining cost of $1 061/oz, JSE- and NYSE-listed Gold Fields produced 597 000 oz of gold in the third quarter ended September 30. CEO Chris...