Venture capital investments decline amid sociopolitical, economic uncertainties

Pan-African industry association the African Private Capital Association (Avca) has reported, amid the release of its latest 'Venture Capital in Africa Report', that 2023 was a year of significant... 

Symposium highlights importance of supporting SMMEs, DMRE to provide funds

Amid several challenges facing the South African mining sector, such as loadshedding and logistics constraints, small, medium-sized and microenterprises (SMMEs) are crucial for the growth of the... 

Cora to start exploration drill programme at Senegal project

West Africa-focussed gold company Cora Gold will soon start an exploration drill programme at its Madina Foulbé gold permit, within the Kenieba project area in East Senegal. The company plans to... 

Former De Beers, Mountain Province exec Brown appointed Lucapa chairperson

ASX-listed Lucapa Diamond Company has appointed former De Beers interim CEO and CFO Stuart Brown as independent nonexecutive chairperson and former Rothschild Australia investment banking head... 

Exploration licence over Senala project renewed

The exploration licence over the Senala gold project, in Senegal, has been renewed for a further three years, from February 17 this year, Aim-listed Oriole Resources reports. Oriole's interest in... 

Shanta progressing exploration in Tanzania, Kenya

Aim-listed gold producer, developer and explorer Shanta Gold has reported total group-wide resources of 3.51-million ounces grading 3.31 g/t gold across its New Luika and Singida gold mines in... 

Pensana's Geraldine Tchimbali receives WIM100 award nomination

Country manager for London-listed Pensana’s Angola-based Longonjo rare earths project Geraldine Tchimbali has been nominated for the 100 Global Inspirational Women in Mining (WIM100) – a biennial... 

Koryx Copper raises $1.5m

Mineral exploration and development company Koryx Copper has closed a nonbrokered private placement for $1.51-million. The proceeds of the private placement will be used for further exploration on... 

Goldstone advances capital raising plans, chairperson steps down

Bill Trew has stepped down as chairperson of Aim-listed Goldstone Resources, effective April 1. Further, the company, which owns gold exploration assets in Ghana, continues to advance its capital... 

Hummingbird warns of delay in achieving commercial production at Kouroussa

Aim-listed Hummingbird Resources has informed shareholders that commercial production at its Kouroussa gold mine, in Guinea, will be delayed beyond the targeted first quarter of this year owing to... 

Kodal enters into agreement to terminate Suay Chin right of first refusal

Mineral exploration and development company Kodal has entered into an agreement with Kodal Mining UK (KMUK), Hainan Mining and Suay Chin International to terminate the right of first refusal (ROFR)... 

PhD research uncovers invisible gold resource

Stellenbosch University PhD graduate Dr Steve Chingwaru has uncovered what is potentially the world’s largest invisible gold resource. The geometallurgist’s findings could help unlock gold to the... 

Grizzly emerald auction generates $19m in sales

Emerald producer Grizzly Mining’s latest international emerald auction, in Dubai, of medium- to high-grade rough emeralds recovered from its flagship Grizzly emerald mine, in Zambia, generated... 

Gemfields swings to a loss on PGM investment writedown, but gemstone business flourishes

Gemstone miner Gemfields has recorded its second highest yearly revenues in 2023, on the back of record prices being paid for its rough coloured gemstones sold at auction. Gemfields CEO Sean... 

Burkina Faso Council of Ministers recommends approval for Toega mining permit

The Burkina Faso Council of Ministers has recommended approval of the draft decree for the issue of a mining permit for the Toega gold deposit to ASX-listed West African Resources. Consistent with... 

Atlas Lithium appoints Brian Talbot as COO

Lithium senior executive Brian Talbot is set to join lithium exploration and development company Atlas Lithium Corporation as COO and a member of the company’s board of directors on April 1. This... 

First Class Metals seeks to acquire Quinlan lithium property

LSE-listed metals exploration company First Class Metals (FCM) has signed an agreement with exploration company Broken Rock Resources (BRR), giving FCM the right to earn 100% of the highly... 

Busa deputy CEO to take top job in 2025

Business organisation Business Unity South Africa’s (Busa’s) board has appointed Khulekani Mathe to take over as CEO in January 2025 when Cas Coovadia retires. Mathe was appointed deputy CEO in... 

Hummingbird, Corica in dispute over Kouroussa contract

Mining services provider Corica Mining Services says the restart of work at Hummingbird Resources’ Kouroussa mine, in Guinea, is conditional on the payment of certain funds it believes it is due... 

Mining operations at Hummingbird’s Kouroussa mine temporarily suspended

The principal contract miner at Aim-listed Hummingbird’s Kouroussa gold mine, in Guinea has temporarily suspended mining operations as of March 17 as a result of various contractual disputes.... 

Lulo alluvial resource increases carats by 48%

After accounting for mining depletion of 30 585 ct during the 2023 calendar year, ASX-listed Lucapa Diamond Company and its partners Endiama and Rosas & Petalas have reported that alluvial... 

Economic and geopolitical uncertainty supporting strong gold demand and prices

Amid economic uncertainties and rising inflation, total gold demand, including over-the-counter (OTC) demand, reached a new record of 4 899 t in 2023, thereby supporting the highest yearly average... 

Economic and geopolitical uncertainty supporting strong gold demand and prices

Amid economic uncertainties and rising inflation, total gold demand, including over-the-counter (OTC) demand, reached a new record of 4 899 t in 2023, thereby supporting the highest yearly average... 

Rwenzori successfully produces first quantities of mixed rare earth carbonate

Ugandan operating entity Rwenzori Rare Metals (RRM), owner of the Makuutu heavy rare earths project, has successfully produced first quantities of mixed rare earth carbonate (MREC) at its newly... 

Arc Minerals raises £4m

Aim-listed Arc Minerals has raised about £4.14-million in aggregate, before expenses, through the placing of about 210-million shares and a subscription of about 19.78-million subscription shares... 

Tharisa launches its Redox One energy storage business

Integrated resource group Tharisa has launched its Redox One business, which develops long-term energy storage solutions that incorporate the raw materials produced by Tharisa. The company says its... 

Tiris drilling results demonstrate resource growth potential – Aura

Radiometric results from the first 1 612 air core drill holes at ASX- and Aim-listed Aura Energy’s Tiris uranium project, in Mauritania, has demonstrated significant resource growth potential... 

Critical Metals appoints Gordon Thompson as nonexecutive director

Mining company Critical Metals, which is developing the Molulu copper/cobalt mine, in the Democratic Republic of the Congo (DRC), has appointed Gordon Thompson as nonexecutive director and... 

Ministerial committee upholds referral of environmental approval

Morocco-focussed potash development company Emmerson has announced that the Commission Ministérielle de Pilotage has upheld the company's referral of environmental approval and has asked that the... 

BME to start local manufacturing of blasting technology in Western Australia

Having actively built its foundation in the Australian mining market over the past decade, global blasting and explosives specialist BME is ramping up its footprint and capability with facilities... 

MC Mining receives off-market cash takeover proposal

Coal miner MC Mining’s share price on the JSE rose by more than 6% on March 8, after announced that it had received a letter from fellow coal miner Vulcan Resources outlining a non-binding proposal... 

Petra urges discipline among diamond producers to ensure balanced inventory levels

Despite its exposure to various risks and uncertainties, such as rough diamond prices, political instability and liquidity challenges – which could have a material impact on its long-term... 

Minerals Council highlights progress and challenges of women in mining

With the United Nations having designated the theme of this year’s International Women’s Day as ‘Invest in women: Accelerate progress’, Minerals Council South Africa president and chair of the... 

Marula appoints new community relations, development manager in Kenya

Mining and development company Marula Mining has appointed James Mugambi as the community relations and development manager at Muchai Mining Kenya. Mugambi will be working at the Larisoro mine, in... 

Jubilee establishes separate subsidiary boards for its South African, Zambian operations

Metals processor Jubilee Metals has established separate subsidiary boards for its South African and Zambian operations to better reflect the current level of business maturity of those operations.... 

Hitachi Energy, BluVein accelerate the electrification of heavy haul mining fleets through MoU

Global technology group Hitachi Energy and BluVein – an innovator in dynamic charging technology – have signed a memorandum of understanding (MoU) to accelerate the electrification of heavy haul... 

Lucapa recovers two diamonds of over 100 ct each

ASX-listed Lucapa Diamond Company and its partners Endiama and Rosas and Petalas, have recovered two diamonds of over 100 ct each from the terraces of Mining Block 46 at the Lulo mine, in Angola.... 

Caledonia warns of lower full-year profit on the back of one-off items

LSE-listed Caledonia Mining expects to report an adjusted profit before tax for the year ended December 31, 2023, materially below market expectations, owing to increased operating costs and... 

ACTOM Distribution Transformers secures order to supply NECRT units to Kamoa copper mine

ACTOM Distribution Transformers recently secured an order for the supply of its neutral electromagnetic couplers with earthing resistors and an auxiliary transformer (NECRTs) to the Kamoa copper... 

Parties sign letter of intent to develop multibillion-dollar corridor connecting Guinea and Liberia

US-based mineral exploration and development company High Power Exploration (HPX), which is backed by Ivanhoe Mines co-chairperson Robert Friedland, has signed a letter of intent (LoI) with the...