Saudi Arabia highlights minerals industrialisation progress, furthers partnerships at FMF

As part of its Vision 2030 to diversify the economy away from a dependence on oil, Saudi Arabia has invested considerably in building the Ras al-Khair minerals industrial city, highlighted as one... 

Pensana secures $160m loan facility for Angola rare earths project

Pan-African bank Absa Bank, through its Corporate and Investment Banking division, has conditionally approved a credit term sheet for its 50% participation in an about $160-million syndicated loan... 

Lotus advancing Malawi project to Q3 production

ASX-listed Lotus says that the restart of the Kayelekera uranium project, in Malawi, is  progressing as planned with first uranium production on track for the third quarter. The restart schedule... 

Pioneer African Roundtable at FMF proffers suggestions for responsible supply of minerals

The fourth edition of the Future Minerals Forum (FMF), held last week in Riyadh, Saudi Arabia, hosted a pioneer Africa leadership roundtable, part of a series of regional roundtables that brought... 

South32 mulling Saudi Arabia exploration, partnership potential

Saudi Arabia holds considerable exploration opportunities and globally diversified mining and metals company South32 is watching the space closely for potential prospecting and partnership options... 

Africa’s potential in research, development, innovation highlighted at FMF

A South African mining centre of excellence is one of nine key projects that have been identified globally for consideration as part of a Centres of Excellence Network, which forms part of three... 

Enel Green Power marks decade in SA, eyes growth with focus on renewables and skills development

As it marks a decade in the region, renewable energy company Enel Green Power Southern Africa is looking to bolster its footprint here, with a keen focus on skills development and capitalising on... 

Future Minerals Forum kicks off with commitment to collaboration, tangible results

The Future Minerals Forum’s (FMF's) Ministerial Roundtable, posited to be the largest global gathering of Ministers responsible for minerals, is key to bringing internationally agreed tangible... 

Future Minerals Forum 2025 targeting tangible outcomes

Now in its fourth year, the Future Minerals Forum (FMF) has evolved into a global conversation about shaping the future of minerals, bringing together leaders from government, industry and other... 

Manufacturing activity remains in contractionary territory

South Africa’s manufacturing activity remained in contractionary territory, the Absa Purchasing Managers’ Index (PMI) has shown, registering a decline of 1.9 points to 46.2 points in December. This... 

Ivanhoe sets DRC copper target of up to 580 000 t for 2025

TSX-listed Ivanhoe Mines has announced its 2025 production target for the Kamoa-Kakula copper complex in the Democratic Republic of the Congo (DRC), aiming for between 520 000 t and 580 000 t in... 

EPA recommends VRX’s Arrowsmith North development

The Environmental Protection Authority of Western Australia (EPA) has published its assessment report and conditions for approval for ASX-listed VRX Silica’s Arrowsmith North silica sand project.... 

Fortune progressing Canadian critical minerals project

TSX-listed Fortune Minerals has provided an update on ongoing work on the vertically integrated NICO cobalt/gold/bismuth/copper critical minerals project in Canada, with test work, engineering, an... 

Gemfields urges Zambia to reconsider emerald export duty

London-listed Gemfields said on Wednesday that it would lobby the Zambian government to suspend the newly reinstated 15% export duty on precious gemstones, which would directly impact the emeralds... 

Equinox extends Fazenda mine life to 2033

Dual-listed Equinox Gold has extended the mine life of its Fazenda mine in Bahia, Brazil, by seven years to 2033, following an updated mineral reserve and mineral resource estimate effective June... 

Inkai JV suspension catches Cameco by surprise

Production activity at block No. 1 of the Inkai uranium deposit in Kazakhstan has been temporarily suspended, a move that has caught joint venture (JV) partner Cameco off guard. In response to... 

Skeena draws second tranche of gold stream, progresses Canadian project

Precious metals developer Skeena Resources has collected $45-million of gold stream funding under its gold stream arrangement. This is the second of five tranches under the previously announced... 

Future Minerals Forum looks to bolster international collaboration to tackle industry challenges, opportunities

The fourth edition of the Future Minerals Forum (FMF), to be held in Riyadh, Saudi Arabia, from January 14 to 16, is expected to play a key role in expanding and enhancing discussions on sector... 

Assessment shows internal growth opportunity at Aura’s Mauritania project

ASX-listed Aura Energy has undertaken an assessment of the opportunities for future capacity expansion at the flagship Tiris uranium project, in Mauritania, demonstrating the significant internal... 

Marula Mining withdraws from Zimbabwe, appoints consultant

Africa-focused battery metals investment and exploration company Marula Mining has decided to withdraw from its planned exploration and project acquisition activities in Zimbabwe. The company,... 

Giyani sponsors, supports Commemoration of International Disability Day in Kanye

TSX-V-listed Giyani Metals, developer of the K.Hill battery-grade manganese project in Botswana, sponsored the 2024 Commemoration of International Disability Day in Kanye, which took place on... 

Critical Mineral Resources signs copper trading deal

Aim-listed Critical Mineral Resources’ (CMR’s) commodities trading business has entered into an agreement for the buying and selling of high-grade copper ore, grading between 5% and 10% copper,... 

Midas substation repairs still under way, but essential load to mines restored

A 500 MVA transformer at the Midas substation, in Gauteng, tripped in the evening of December 11, disrupting electricity supply to about 15 mines in the Carletonville, Fochville and Potchefstroom... 

Evolution Mining to defend itself against class action suit over Canadian mine

Class action specialist Echo Law has filed class action proceedings against ASX-listed Evolution Mining in the Federal Court of Australia, relating to allegations of failure to comply with... 

Gemfields reports positive auction results in current market conditions

Gemstone miner Gemfields recorded revenues of $46.2-million from its latest auction of mixed-quality rough ruby recovered at the Montepuez ruby mine, in Mozambique. Of the 102 lots on offer, 97... 

ZIOC signs MoU with Arise for mineral export facility development

Aim-listed Zanaga Iron Ore Company (ZIOC) has entered into a memorandum of understanding (MoU) with Arise Integrated Industrial Platforms to advance the development of the Zanaga iron-ore project’s... 

Wesizwe’s IT systems compromised

JSE-listed Wesizwe Platinum says it detected, on December 9, that the company’s information management systems had been compromised. The IT team, with the support of management, has been... 

Critical Mineral Resources signs exclusive antimony agreement

London-listed Critical Mineral Resources has announced its first exclusive offtake contract. The company recently signed an agreement for the purchase of high-grade antimony ore, mined by a... 

Anglo American appoints Anne Wade as nonexec director

Diversified miner Anglo American has appointed Anne Wade as a nonexecutive director and member of its board audit and sustainability committees, with effect from January 1, 2025. Wade is... 

GoviEx, subsidiary starts arbitration process with Niger over uranium project

Mineral resources company GoviEx Uranium and its subsidiary GoviEx Niger have started arbitration proceedings against Niger under the Convention on the Settlement of Investment Disputes Between... 

Minerals Council upbeat on South Africa’s electricity supply situation amid improved EAF

State-owned utility Eskom’s average energy availability factor (EAF) exceeded 60% for the seventh consecutive month in November. This milestone coincided with over 250 days without loadshedding and... 

Turaco secures rights to expand Afema project area in Cote d’Ivoire

ASX-listed Turaco Gold, and its 100%-owned subsidiary Turaco Côte d’Ivoire, have entered into an exclusivity and option agreement with Pioneer Minerals, securing acquisition rights over an... 

Star Minerals shareholders approve Namibia project earn in

Shareholders of ASX-listed Star Minerals have approved the Cobra uranium project earn in, in the Erongo region of Namibia, at a general meeting held on December 6. Earlier this month, Star... 

De Beers Group announces 2024 jewellery design competition winners

Diamond miner De Beers Group has announces the winners of the 2024 Shining Light Awards, a jewellery design competition for designers from the countries where De Beers recovers diamonds, including... 

Lotus increases mineral resource at Botswana project

ASX-listed Lotus Resources’ recent infill drill programme has successfully converted a significant portion of the inferred mineral resources at the Letlhakane uranium project, in Botswana, into the... 

Gold ETFs record first outflows since April in November

Global gold exchange-traded funds (ETFs) recorded their first monthly outflow since April, losing $2.1-billion in November, according to industry body the World Gold Council. Europe (-$1.9-billion)... 

Platinum Group Metals enters into distribution agreement with agents

TSX- and NYSE-listed Platinum Group Metals has entered into a new equity distribution agreement with BMO Nesbitt Burns, Beacon Securities and BMO Capital Markets for a new at-the-market equity... 

Wheaton subsidiary acquires gold stream over Allied Gold’s Ethiopian project

Canadian multinational Wheaton Precious Metals’ (WPM's) wholly-owned subsidiary Wheaton Precious Metals International (WPMI) has entered into a definitive precious metals purchase agreement with... 

Mining value rebounds in third quarter, but insufficient to lift overall GDP

A recovery in mining GDP during the third quarter of the year, after quarterly declines in the previous two quarters, was still unable to lift overall real GDP in the July to September quarter,... 

Akobo’s November production covers costs

Scandinavia-headquartered and Ethiopia-focused gold exploration and mining company Akobo Minerals produced an estimated 8 kg of gold in November. This includes 6.5 kg of gold already smelted and...