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... 

Caledonia publishes PEA on Bilboes project ahead of new feasibility study

Gold miner Caledonia Mining Corporation has confirmed that it will develop the Bilboes sulphide gold project, in Zimbabwe, in a single phase instead of multiple phases as initially planned, and... 

Osino shareholders approve Yintai’s takeover offer

The majority of TSX- and NYSE-listed Osino Resources Corporation’s shareholders have voted in favour of Chinese miner Yintai Gold’s buyout of Osino at a cash consideration of C$1.90 apiece. The... 

De Beers invites entries for 2024 Shining Light Awards programme

Diamond miner De Beers has invited entries from Canadian, Botswanan, Namibian and South African young diamond jewellery designers for its 2024 Shining Light Awards programme. The Shining Light... 

Contractor employee dies at Kenmare’s Moma mine

London-listed Kenmare Resources has reported the death of an excavator operator, who was employed by a contractor at the Moma titanium minerals mine, in Mozambique. The operator was involved in a... 

Tirupati appoints Lynch-Bell nonexec chair

UK-based Tirupati Graphite has appointed Michael David Lynch-Bell as nonexecutive chairperson. He previously led consultancy Ernst & Young’s global oil and gas advisory practices, with a total... 

AngloGold confirms all its operations are conflict-free

The operations of AngloGold Ashanti remain conflict-free as of December 31, 2023, the gold miner states in its ‘Conflict-Free Gold Report 2023’ on May 31, emphasising that it extracts gold in a... 

Nel spin-off company Cavendish Hydrogen applies for listing in Norway

Cavendish Hydrogen, which is being spun out of Norwegian fuel cell company Nel’s fuelling division, has applied for its shares to be listed on the Oslo Stock Exchange. The spin-off and listing... 

Unpacking the conditions for meeting burgeoning copper demand

With copper demand expected to increase from 28.3-million tonnes in 2020 to 41-million tonnes by 2040 at a compound yearly growth rate of 1.85%, and many regions gearing up supply chains for... 

Unpacking the conditions for meeting burgeoning copper demand

With copper demand expected to increase from 28.3-million tonnes in 2020 to 41-million tonnes by 2040 at a compound yearly growth rate of 1.85%, and many regions gearing up supply chains for... 

Commission approves Southern Point Resources’ Mokopane takeover from Bushveld

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... 

Atlantic progresses large sampling programme on second lithium prospect in Ghana

Aim-listed Atlantic Lithium has collected 1 344 soil samples from the Ewoyaa lithium project surrounds in Ghana, with more than 5 400 samples still being collected in an ongoing geochemical soil... 

Gem Diamonds recovers sixth large diamond from Letšeng this year

London-listed Gem Diamonds has recovered a 212.49 ct Type II white diamond from its 70%-owned Letšeng mine, in Lesotho. This is the sixth diamond weighing more than 100 ct to be recovered at the... 

Marula reports high-grade manganese assays from testwork with potential offtaker

UK- and South Africa-listed battery metals miner Marula Mining has reported average grades of 35.73% from manganese samples taken from the Larisoro manganese mine, in Kenya. The company garnered... 

Blencowe continues to advance graphite prequalification work, expects offtake agreements soon

As London-listed Blencowe Resources advances the definitive feasibility stage of the Orom-Cross graphite project, in Uganda, towards production near the end of 2025, the company has had various... 

Jupiter forecasts higher manganese prices in coming months

ASX-listed Jupiter Mines marketing head Tracey Cloete says manganese ore prices are likely to trade higher than the historical average in coming months owing to supply disruptions. Jupiter has a... 

Resolute appoints mining veteran Wray to succeed Botha as chairperson

Australia- and London-listed Resolute Mining has appointed Andrew Wray nonexecutive director. He will also succeed chairperson Martin Botha when he retires at the end of August.  

Many Peaks starts major drill programme at Côte d’Ivoire project

ASX-listed Many Peaks Minerals has started a 6 500 m diamond and auger drilling campaign on the Odienné project, in Côte d’Ivoire. One thousand metres of diamond drilling is planned for five... 

Firefinch, Morila served with arbitration notice over payment dispute

ASX-listed Firefinch has received a notice of arbitration from mining services contractor Enterprise Générale Traoré et Frères (EGTF), in Mali. EGTF also named Société des Mines de Morila... 

Pensana lauds Angola’s performance in this year’s Fraser Institute rankings

London-listed Pensana commends the government of Angola for instilling attractive policies and growing interest in the country’s exploration potential. This comes as the country recorded an... 

Pan African announces capital reduction to recover overpaid distributions

JSE- and Aim-listed Pan African Resources will host a general meeting in London on June 10 to discuss a proposed capital reduction programme. Additionally, the company expects a court hearing to... 

Emmerson pleased with innovative processing method to be used at Morocco project

Aim-listed potash development company Emmerson’s main priority at this time is obtaining environmental approval for the Khemisset project, in Morocco. The company advises that a scoping study... 

Sappi signs solar PPA deal for local operations

JSE-listed paper and packaging manufacturer Sappi has posted a 10% year-on-year increase in its earnings before interest, taxes, depreciation and amortisation (Ebitda) to $183-million for the... 

Equites wheeling power to HQ in Cape Town

Property developer Equites Property Fund has officially started wheeling renewable energy onto Cape Town’s grid from solar panels atop its newly built distribution centre in Parow. The company is... 

Lexington confirms gold mineralisation extends beyond historical drill sites at Bothaville

Aim-listed Lexington Gold has completed 2 355 m of drilling at the Bothaville project, in South Africa’s Free State province, which proves the concept of A-Reef channels occurring on the site.... 

PGM prices impact on Tharisa’s first-half profit, but market fundamentals are ‘solid’

JSE-listed platinum group metals (PGM) and chrome producer Tharisa has reported a 20% year-on-year decrease in net profit after tax, at $38.8-million, for the six months ended March 31, compared... 

Junior coal miners bemoan logistics as single-biggest challenge to their survival

Logistics inefficiencies in South Africa are the single-biggest reason why junior mining companies are likely to fail, said midtier coal producer Ndalamo Resources. Ndalamo CEO Shammy Luvhengo... 

Expert suggests new ways junior miners can classify resources

A key issue with all mineral projects is the quantification of risk and uncertainty, which has always been narrowed down to grade estimation issues; however, just basing the mineral resource... 

Glencore expands adherence to standards, reporting frameworks to ensure sustainability

Global diversified miner Glencore’s emissions and energy use increased in 2023, but the group continues to make strides in managing its operations sustainably and according to ever-evolving... 

Jupiter plans to replicate sustainability approach of Tshipi at other manganese mines

ASX-listed Jupiter Mines continues to advance environment, social and governance (ESG) initiatives at its 49.9%-owned Tshipi manganese mine, in South Africa, alongside its partner Ntsimbintle... 

Harena secures US offtaker for rare earth products from incoming Madagascar project

Australian natural resources company Harena Resources has signed a nonbinding indicative offtake term sheet with US-based United Rare Earths for the sale and purchase of mixed rare earth carbonate... 

Fraser Institute survey shows marked declines in African countries’ investment attractiveness

The latest Fraser Institute Survey of Mining Companies has found that various African countries, including Niger, Mozambique, Zimbabwe and Senegal, have ranked among the lowest for investment... 

Mashatile says Jagersfontein house rebuilding project is advancing

Deputy President Paul Mashatile has assured the National Council of Provinces that the Jagersfontein house rebuilding project is well under way. This project follows the collapse of a tailings dam... 

Atlantic appoints versed Ghanaian lawyer, corporate banker to its board

Aim-, ASX- and Ghana Stock Exchange-listed Atlantic Lithium has appointed Edward Koranteng as nonexecutive director to the board effective immediately. As a lawyer and experienced corporate... 

VR8 mulls most favourable terms after signing third offtake MoU

Australia-headquartered Vanadium Resources (VR8) has signed a memorandum of understanding with China-based Hunan Zhongxin New Materials Technology for the offtake of 4 000 t/y of vanadium oxide,... 

Kefi nears construction start at Tulu Kapi

London-listed Kefi Gold and Copper says the remaining finance syndicate approval process in respect of the Tulu Kapi project, in Ethiopia, is on track for final approvals this month. The company... 

Caledonia starts year with higher output, profit

Gold miner Caledonia Mining says its production and profit was supported by a favourable gold price in the first quarter of the year, which has continued through April and into May. The company’s...