Bushveld suspends trading after failing to secure funds

Vanadium producer Bushveld Minerals has suspended the trading of its shares on the Aim market of the LSE after it failed to secure additional funds to address its liquidity position. The company... 

Iron-ore prices to remain at about $100/t in 2025, BMI says

Market research firm BMI, a Fitch Solutions company, has maintained its 2025 iron-ore price forecast at an average of $100/t, expecting continued downward pressure owing to weak demand stemming... 

Lobito Atlantic Railways takes delivery of 275 new container wagons

The first batch of 275 new container wagons bought from Galison Manufacturing in South Africa has arrived in Lobito, Angola, to reinforce the transport capacity of the Lobito Atlantic Railway... 

JSE censures, bans, fines Thabi Leoka

The JSE has decided to impose a public censure on Thabi Leoka, the former independent nonexecutive director of listed companies Remgro, Netcare and Anglo American Platinum, along with a fine of... 

Rio Tinto invests $16m in anti-deforestation project in Madagascar

Diversified miner Rio Tinto has committed $16-million to the Makira Natural Park’s Reducing Emissions From Deforestation and Forest Degradation in Developing Countries (REDD+) project, in northern... 

Level crossing incidents not only cost lives but also the economy, TFR CEO says

Railway safety incidents, such as pedestrian and vehicle collisions at level crossings, are not only tragic but are severely undermining South Africa’s rail recovery plans, Transnet Freight Rail... 

National Treasury publishes Phase 2 carbon tax discussion paper for public comment

National Treasury has published a carbon tax discussion paper for public comment, outlining Phase 2 of the carbon tax. Government announced its intention to do this in the 2024 Budget presented in... 

WSP’s digital-first approach played key role in building manganese rail infrastructure for South32

Multidisciplinary professional firm WSP has completed a comprehensive upgrade of diversified miner South32’s manganese rail infrastructure in the Northern Cape. The project was carried out by WPS’s... 

Production ramp-up leads Mantengu to report big increase in interim revenue, profits

JSE-listed Mantengu Mining has reported a R102.8-million year-on-year increase in revenue from R13.1-million for the six months ended August 2023 to R115.9-million for the equivalent period this... 

Lotus completes its drilling programme at Letlhakane

ASX- and OTCQX-listed Lotus Resources has completed its infill and exploration drilling programmes at the Letlhakane uranium project, in Botswana. The company reported on November 12 that it had... 

Mbe exploration indicates wider zones of mineralisation

Aim-listed Oriole Resources has reported that full channel sampling results from Phase 2 infill trenching at the MB01 prospect at its 80%-owned Mbe gold project, in Cameroon’s Adamawa region,... 

Harmony reports flat production but improved cash flow from higher grades

JSE- and NYSE-listed Harmony Gold has reported relatively flat year-on-year gold production but announced significant improvements in operational cash flow owing to enhanced recovery grades. In its... 

JET Funding Platform to close first application window on Dec 15

The Just Energy Transition (JET) Funding Platform, launched on October 25, will close its first window for applications on December 15, according to JET Funding Platform analyst Mohlokoa Ngoasheng.... 

Funding in place for Lotus to restart Kayelekera production

The successful placement of A$130-million, along with A$25-million cash on hand at the end of September, as well as an imminent share purchase plan (SPP), have ensured that ASX- and OTCQX-listed... 

Minerals Council notes easing of mining input cost increases in September

The Minerals Council South Africa’s index for mining input costs showed continued easing in September, with a year-on-year increase of 3.6%, down from 5.2% in August. This downward trend is... 

Pan African acquires remaining stake in Australian gold miner TCMG

Mid-tier gold producer Pan African Resources has acquired the remaining 92% of Tennant Consolidated Mining Group (TCMG) in Australia. The company disclosed on November 5 that the acquisition was... 

Akobo issues NKr25.3m unsecured convertible loan

Scandinavia-based gold developer Akobo Minerals, which owns and operates the Segele gold mine, in Ethiopia, has issued an unsecured convertible loan totalling NKr25.3-million with contributions... 

Sibanye-Stillwater reports 9% y/y growth in adjusted earnings for third quarter

Diversified miner Sibanye-Stillwater has announced a 9% year-on-year increase in adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) to $184-million for the third... 

AECI to sell Much Asphalt for R1.1bn

JSE-listed AECI has announced the signing of a share purchase agreement with a consortium involving Old Mutual Private Equity (OMPE) and Sphere Investments to sell its entire ownership stake in... 

Field activities completed at Altona’s Monte Muambe

LSE-listed Altona has completed all field activities relating to a scoping study on short-term fluorspar mining at Monte Muambe, in Mozambique. The results of the study are expected to be available... 

Aura appoints Mauritania country manager

ASX- and Aim-listed Aura Energy has announced the appointment of Mohamed El Moctar Mohamed El Hacene to the newly established role of country manager Mauritania. Hacene is a qualified Mauritanian... 

Kodal, Mali govt enter MoU to finalise Bougouni transfer

Mineral exploration and development company Kodal Minerals has announced that Kodal Mining UK (KMUK), a company owned 51% by Hainan and 49% by Kodal, and the Malian government have entered into a... 

Hummingbird to receive second tranche of $20m loan

Aim-listed gold producer Hummingbird Resources is expecting to receive the second tranche of a $20-million loan facility from lender CIG in the next few days. On September 27, Hummingbird announced... 

Glencore remains on track to meet its full-year production guidance

Glencore’s full-year production guidance for 2024 has remained unchanged across all commodities, the company revealed at the release of a third-quarter production report on October 30. “[This]... 

Clean energy technology market to rival crude oil market value by 2035

Based on the current policy environment, the global market for clean energy technologies is set to rise from $700-billion in 2023 to more than $2-trillion by 2035, close to the value of the current... 

Emmerson hits brick wall in ESIA approval process, stopping Khemisset in its tracks

London-listed potash development company Emmerson has seemingly hit a dead end in the environmental- and social-impact assessment (ESIA) approval process for its flagship Khemisset potash project,... 

UP, ARM open virtual conference centre

The University of Pretoria (UP) and African Rainbow Minerals (ARM) have announced the official opening of the UP-ARM Virtual Conference Centre, aimed at enhancing collaboration between academia and... 

Additional small-scale mining licence awarded at Luansobe – Galileo

Statunga Investments has been awarded an additional small-scale mining licence for the Luansobe copper project, in Zambia, in which Galileo Resources has a 75% interest. This follows the granting... 

Atlantic Lithium raises A$10m to advance Ewoyaa

Lithium exploration and development company Atlantic Lithium has completed an institutional placement to raise A$10-million at a price of A$0.23 a share. Under the placement, a total of about... 

Neo Energy says paperwork for Henkries South acquisition will be completed by month-end

Uranium developer Neo Energy Metals has said the formal acquisition documentation for its acquisition of the Henkries South uranium project, in the Northern Cape, is progressing as planned and is... 

South Africa’s emissions to peak in 2024, reach decade low in 2030 – report

South Africa’s overall emissions will reach their peak this year and will be followed by a downward trend that will culminate in the lowest emissions this decade in 2030, the draft first 'Biennial... 

Greater coordination needed to realise green-hydrogen aspirations

Despite enthusiasm for the development of a hydrogen economy from the public and private sectors, there remains a significant lack of coordination to effectively implement projects and bring the... 

Greater coordination needed to realise green-hydrogen aspirations

Despite enthusiasm for the development of a hydrogen economy from the public and private sectors, there remains a significant lack of coordination to effectively implement projects and bring the... 

Afrimat posts 45.4% drop in operating profit after ‘extremely stressful’ first half

Although mid-tier mining and materials company Afrimat recorded a year-on-year revenue increase of 44.3%, from R2.8-billion to R4.1-billion for the six months ended August 31, its operating profit... 

Altona confirms iron-ore, copper, gold prospectivity at Zambia project

Results from a geophysical and geochemical data assessment for London-listed Altona’s new Kabompo South project, in Zambia, performed by Namibia-based geophysical services company Earthmaps... 

Akobo to secure NKr30m convertible loan

Scandinavian gold exploration and mining company Akobo Minerals has initiated a process to secure a two-year convertible loan of up to NKr30-million. The loan will offer a 20% yearly interest rate... 

Political interference undermining South Africa’s coal potential – Prevost

South Africa has the potential to be the strongest producer, user and exporter of coal on the continent, but political interference prevents this from happening, XMP Consulting senior coal analyst... 

German energy expert says energy transition a mistake

The energy transition in its current form, as a grid-scale build out of wind and solar with the goal to replace oil, coal, and gas, is probably one of the greatest mistakes that humanity has ever... 

Menar MD pushes back on request to lower prices

Coal and manganese mining group Menar MD Vuslat Bayoğlu has pushed back on a request by Energy and Electricity Minister Kgosientsho Ramokgopa’s special adviser Silas Zimu for domestic coal... 

Domestic coal suppliers asked to lower price asked of Eskom

Energy and Electricity Minister Kgosientsho Ramokgopa’s special adviser, Silas Zimu, has implored South African coal producers to temporarily sell coal to State-owned utility Eskom at a reduced...