Thermal coal prices stagnate amid oversupply, weak demand

Market research firm BMI, a Fitch Solutions company, says thermal coal prices will remain stagnant owing to oversupply and weak demand. The company maintains its Newcastle thermal coal price... 

AECI share price dips following lacklustre six-month performance

JSE-listed chemicals company AECI recorded a near 13% drop in its share price on the JSE on July 24 after issuing a trading statement wherein it advised shareholders to expect a 59% to 64% drop in... 

Bezant signs nonbinding agreement to roll out solar solution at Namibia project

London-listed Bezant Resources has signed a nonbinding letter of intent (LOI) to enter into a partnership with CrossBoundary Energy Management and Eversolar for the provision of a renewable and/or... 

Production now under way at FQM’s Enterpise nickel mine in Zambia

TSX-listed First Quantum Minerals (FQM) has declared commercial production, as of June 1, at the Enterprise nickel mine, which is 12 km from the company’s Sentinel copper mine in the North-Western... 

Mkango’s UK rare earth magnet plant to come online in early 2025

Aim-listed Mkango Resources has confirmed that the start-up of commercial operations of the short-loop rare earth magnet recycling and manufacturing plant at Tyseley Energy Park, in Birmingham, in... 

TFR boasts slight improvement but admits much work still to be done

Although there has been a “slight” improvement year-on-year in terms of State-owned Transnet Freight Rail’s (TFR’s) North Corridor performance, the beleaguered rail operator is “not out of the... 

Pensana chairperson sells 1.5m shares to provide working capital for the company

London-listed Pensana has announced that, further to the £2-million facility made available to the company by two of its directors in March, chairperson Paul Atherley has sold 1.5-million ordinary... 

Akobo’s Segele gold processing plant operational

Gold exploration and mining company Akobo Minerals has announced that its Segele processing plant, in Ethiopia, is now operational. The commissioning process has successfully activated the majority... 

De Beers’ Jhb rough diamond sorting, sales building receives green star rating

Diamond miner De Beers’ new rough diamond sorting, valuation and sales building Sky Park, in Johannesburg, has received a five-star interior green rating and two four-star green building ratings... 

South32’s South African manganese, aluminium operations deliver solid output

Diversified miner South32’s South African manganese operations produced 2.18-million tonnes of manganese in the 2024 financial year, ended June 30, higher than the 2.11-million tonnes produced in... 

Century-old Kipushi mine returns to production following 31-year pause

Dual-listed Ivanhoe Mines has announced the completion of construction and the restart of the Kipushi zinc/copper/lead/germanium mine, in the Democratic Republic of Congo (DRC), 100 years after it... 

Over-taxation in automotive market will undermine BEV adoption in South Africa

South Africa’s automative market is going to struggle to transition to battery electric vehicles (BEVs), specifically because of the country’s “peculiar” automotive market structure, which Toyota... 

Cleaver, Newton-King join AngloGold board

Gold mining company AngloGold Ashanti has announced that former De Beers CEO Bruce Cleaver and former JSE CEO Nicky Newton-King have been appointed as independent nonexecutive directors with effect... 

Kenmare on track to achieve full-year guidance

Titanium and zircon producer Kenmare Resources has confirmed in a July 17 trading update for the quarter and half-year ended June 30, that it is on track to achieve its full-year guidance on all... 

Critical Mineral Resources acquires project in Morocco

Exploration and development company Critical Mineral Resources (CMR), which is focused on critical metals and minerals, has signed an exclusive option to acquire the Igli project, a high-grade... 

Orion reports robust assay results from Okiep project's Flat Mines area

ASX- and JSE-listed Orion Minerals has reported robust assay results from the confirmation diamond drilling programme in the Flat Mines area at its Okiep Copper Project (OCP) in the Northern Cape.... 

Successful steady-state operations under way after halted operations at Homase

Following the halting of operations at the Homase gold project, in south-western Ghana, in 2023, to review the design of the processing plant, Aim-listed gold producer GoldStone Resources has... 

Kamoa-Kakula delivers nearly 187 000 t of copper in first half

TSX- and OTCQX-listed Ivanhoe Mines has reported that its Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC) produced 100 812 t of copper in concentrate during the second quarter... 

Sovereign starts trading on OTCQX

ASX- and Aim-listed Sovereign Metals has also started trading on the OTCQX under the ticker symbol SVMLF. The OTCQX is the highest market tier of OTC markets on which more than 12 000 US and global... 

Krugersdorp children in danger of poisoning from abandoned mines, UP scientist says

University of Pretoria (UP) Department of Chemistry water remediation expert Dr Alseno Kagiso Mosai has cautioned that young children in Krugersdorp are breathing in uranium, arsenic and mercury... 

Blencowe achieves conversion of 600 t bulk sample to graphite concentrate

London-listed Blencowe Resources has completed a crucial step in commercial-scale testing by converting 600 t of in situ raw material into 30 t of graphite concentrate. The bulk sample conversion... 

Aton reports promising gold finds after second round of drilling at Semna

TSV-X-listed Aton has reported “promising” results from its Phase 2 diamond drilling programme at the Semna gold mine in the Abu Marawat concession in the Eastern Desert of Egypt. The recently... 

Orion issues share purchase plan for R60m capital-raise

ASX- and JSE-listed Orion Minerals has provided a copy of a share purchase plan (SPP) offer booklet and application form, which is in the process of being dispatched to eligible shareholders, to... 

SA manufacturer clinches deal to supply 275 container wagons to Lobito railway project

Joint venture (JV) company Lobito Atlantic Railway (LAR), which is the concession holder for the operation, management and maintenance of the Lobito Corridor spanning Zambia, Angola and the... 

Diamcor closes final tranch of offering, bringing total to C$2m

Diamond producer Diamcor Mining has closed a second and final tranche of C$600 300 of its previously announced non-brokered private placement, bringing the total of the offering to about... 

Kumba appoints new independent nonexecutive director

Diversified mining major Anglo American’s Kumba Iron Ore subsidiary has announced the appointment of Neo Violet Mokhesi as an independent nonexecutive director with effect from July 1. She will... 

New platinum alloy to transform jewellery making

The World Platinum Investment Council (WPIC) has highlighted the launch of a new platinum alloy named Inoveo Platinum, which it believes has the potential to transform platinum jewellery design and... 

Review shows Gravelotte becoming profitable within two years

An independent desk-based review of the discounted cash flow (DCF) model for mining company URA Holdings’ Gravelotte emerald mine, in South Africa, shows the potential profitability of the project... 

Anyone can now invest in as little as R10 worth of gold

Gold-backed neobank Troygold, supported by payments platform Precium, has launched its subscription gold offering in South Africa, enabling investors to buy and own fractional amounts of real 1 oz... 

Illegal Implats strike comes to a peaceful close

An illegal work stoppage at the North Shaft of Impala Bafokeng’s Bafokeng Rasimone Platinum Mine (BRPM), in the North West province, has ended without incident, parent company Impala Platinum... 

Century-old Kipushi mine starts up again after 31-year hiatus

Dual-listed Ivanhoe Mines has announced the completion of construction and the restart of the Kipushi zinc/copper/lead/germanium mine, in the Democratic Republic of Congo (DRC), 100 years after it... 

UN calls for Potgieter, Huxham’s immediate release from Equatorial Guinea prison

The UN Working Group on Arbitrary Detention has called for the immediate release of South African engineers Frederik Potgieter and Peter Huxham, declaring in a formal opinion that the detention of... 

WGC says gold to remain rangebound for the remainder of this year following strong first half

According a mid-year outlook report released by the World Gold Council (WGC) on July 2, gold has performed well so far this year, with a 12% rise in returns year-to-date and outpacing most major... 

Updated Kiaka feasibility study indicates a project with strong cash flow

A newly released feasibility update for ASX-listed West African Resources’ (WAF’s) Kiaka gold project, in Burkina Faso, shows that strong cash flows are expected from the project. The update... 

Endeavour achieves first gold pour at Lafigué

LSE-, TSX- and OTCQX-listed Endeavour Mining made its first gold pour from the Lafigué mine, in Côte d’Ivoire, on June 28, marking the delivery of the project’s construction on budget and a... 

Kangankunde feasibility study supports robust rare earths project

Rare earths mining and development company Lindian Resources has announced the completion of a feasibility study on Stage 1 of its Kangankunde rare earths project in Malawi. The study examined... 

DRDGOLD assessing its alignment with Responsible Gold Mining Principles

Gold mining company DRDGOLD has started self-assessment in line with the World Gold Council (WGC) Responsible Gold Mining Principles (RGMPs) to determine conformance levels across all DRDGOLD... 

Four central banks sign London Principles to formalise artisanal small-scale gold mining sector

The World Gold Council (WGC) has announced that four central banks have committed to signing ‘The London Principles’, which is a set of operating principles to help structure and formalise central... 

Anglo paid $23.5bn in taxes, economic contributions in 2023

Diversified mining major Anglo American paid about $23.5-billion in total tax and economic contributions throughout its global operations during 2023, a decrease from about $24.5-billion in 2022.... 

Hummingbird expects Kouroussa to reach commercial production in the third quarter

Despite unexpected challenges at Aim-listed Hummingbird’s Kouroussa gold mine, in Guinea, over the past year, including the fire at the national fuel depot in Conakry and the temporary suspension...