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Africa

Bernard Swanepoel
How South Africa can grow participation in key battery manganese supply chain
13th November 2024 By: Martin Creamer

How South Africa can grow its participation in the global battery supply chain was spelt out this week at the Mintek@90 event to mark nine decades of mineral and metallurgical research, development... 


Wits vice-chancellor and principal Professor Zeblon Vilakazi
Johannesburg Planetarium relaunches as Wits Anglo American Digital Dome
13th November 2024 By: Sabrina Jardim

The University of the Witwatersrand (Wits), in partnership with diversified mining company Anglo American, have relaunched the old Johannesburg Planetarium as the Wits Anglo American Digital Dome,... 


Troubled times for Lindi Jumbo owner
Troubled times for Lindi Jumbo owner
13th November 2024 By: Creamer Media Reporter

The Australian company owning and operating the Lindi Jumbo graphite mine in Tanzania has gone into voluntary administration.  Jeremy Nipps and Tom Birch of Cor Cordis were appointed joint and... 


Tirupati in talks for further trade finance
13th November 2024 By: Creamer Media Reporter

Specialist graphite producer Tirupati Graphite, which is listed on the LSE and has assets in Mozambique and Madagascar, has secured about $225 000 in trade finance from the Middle Eastern Sovereign... 


A stack of gold bars
IMF urged to cash in on gold price to help poor countries hit by climate change
13th November 2024 By: Reuters

The International Monetary Fund (IMF) should sell 4% of its gold to help offer debt relief to low-income countries devastated by climate-related catastrophes, a study said as climate financing... 


COP29 is being held in Azerbaijan this month
Global CO2 emissions to hit record high in 2024, report says
13th November 2024 By: Reuters

Global carbon dioxide emissions, including those from burning fossil fuels, are set to hit a record high this year, pulling the world further off course from averting more destructive climate... 


Silver bars
Higher silver supply to reduce global deficit by 4% in 2024
13th November 2024 By: Reuters

The global silver deficit is expected to fall by 4% to 182 million ounces in 2024, with growth of 2% in total supply offsetting demand growth of 1%, the Silver Institute industry association said... 


Kibali gold mine.
Why gold equities are continuing to underperform the gold price
12th November 2024 By: Martin Creamer

Why is it that gold equities are continuing to underperform the gold price? That is a question Mining Weekly put to Barrick president and CEO Dr Mark Bristow after he noted the lag of gold equities... 


Hearing into Eskom’s far-reaching retail tariff plan set for Dec 18
Hearing into Eskom’s far-reaching retail tariff plan set for Dec 18
12th November 2024 By: Terence Creamer

The National Energy Regulator of South Africa (Nersa) has published timelines for the processing Eskom’s retail tariff plan (RTP) application, in which potentially far-reaching changes to the... 


Project Raptor team celebrating completed project
WSP’s digital-first approach played key role in building manganese rail infrastructure for South32
12th November 2024 By: Darren Parker

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
12th November 2024 By: Darren Parker

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
12th November 2024 By: Darren Parker

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... 


Goldplat reports £1.84m operating profit for the Sept quarter
12th November 2024 By: Sabrina Jardim

Aim-listed Goldplat’s two recovery operations in Ghana and South Africa achieved a combined operating profit of £1.84-million excluding listing and head office costs, finance cost and foreign... 


Mbe exploration indicates wider zones of mineralisation
12th November 2024 By: Darren Parker

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,... 


The Langer Heinrich mine in Namibia
Paladin shares plunge after lowering Langer Heinrich guidance
12th November 2024 By: Mariaan Webb

Uranium producer Paladin Energy’s share price plunged nearly 30% on Tuesday after the Australian miner revised down its production forecast for the Langer Heinrich mine in Namibia. The company... 


Resolute CEO detention in Mali comes amid West Africa mining squeeze
Resolute CEO detention in Mali comes amid West Africa mining squeeze
12th November 2024 By: Bloomberg

Gold miner Resolute Mining finds itself at the center of a broad shakeup of regulatory regimes across West Africa following the detention of the company’s chief executive in Mali, as cash-strapped... 


Mintek CEO Dr Molefi Motuku
South Africa has impressively low battery manganese incentive price, Mintek@90 hears
11th November 2024 By: Martin Creamer

South Africa’s current process of dissolving the world’s purest manganese metal to make battery grade manganese has got the lowest incentive price of any of the new, non-Chinese high-purity... 


Harmony Gold's Mponeng mine
Harmony reports flat production but improved cash flow from higher grades
11th November 2024 By: Darren Parker

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... 


The Blanket gold mine
Caledonia declares quarterly dividend
11th November 2024 By: Creamer Media Reporter

Zimbabwe-focused gold miner Caledonia Mining Corporation has approved a dividend of $0.14 a share for the quarter ended September 30. The company achieved a net profit of $3.29-million for the... 


Omnia CEO Seelan Gobalsamy
Omnia reports commendable increase in first-half operating profit
11th November 2024 By: Marleny Arnoldi

JSE-listed chemicals group Omnia has reported a 17% increase in operating profit to R802-million for the six months ended September 30, which CEO Seelan Gobalsamy says was driven by solid... 


Omitiomire a ‘stand-out’ copper project – Omico
11th November 2024 By: Sabrina Jardim

A bankable feasibility study on Namibian copper explorer and developer Omico Mining’s 95%-owned Omitiomire copper project, in Namibia, has estimated a $224-million net present value. The study has... 


South32 makes investment in Canadian copper explorer
South32 makes investment in Canadian copper explorer
11th November 2024 By: Mariaan Webb

Diversified mining and metals company South32 on Monday announced an agreement to invest in Canadian copper explorer American Eagle Gold (AEG), which holds an option over the Nakinilerak (NAK)... 


Eastplats reports 49.5% decrease in revenue
11th November 2024 By: Sabrina Jardim

JSE- and TSX-listed Eastern Platinum (Eastplats) has reported a 49.5% decrease in revenue to $11-million for the third quarter of the year ended September 30, compared with the $21.8-million... 


Syrah receives first $53m disbursement from DFC loan
11th November 2024 By: Creamer Media Reporter

Australia-listed Syrah Resources has announced that its subsidiary, Twigg Exploration and Mining, has received the first disbursement of $53 million from its loan agreement with the US... 


Petra names new chairperson as Shine confirms retirement
11th November 2024 By: Sabrina Jardim

London-listed Petra Diamonds says Varda Shine will not offer herself for re-election at the company's forthcoming AGM on November 13 and will retire from the board at the conclusion of that... 


Sibanye-Stillwater confirms signing of wage agreement with unions
11th November 2024 By: Sabrina Jardim

JSE-listed Sibanye-Stillwater has confirmed that it has concluded wage negotiations at its South African gold operations, which began in July. A one-year agreement was reached with the... 


Barrick CEO Mark Bristow
Barrick falls behind rivals as No. 2 miner misses boost from bullion boom
11th November 2024 By: Bloomberg

Most of the world’s top gold miners have seen their shares surge this year as bullion prices hit repeated record highs. Not Barrick Gold. Missed production targets, higher operational costs and... 


Resolute Mining CEO Terence Holohan
Resolute Mining slumps after Mali detains CEO, two other employees
11th November 2024 By: Reuters

Shares of Australian gold miner Resolute Mining plunged 32% on Monday in their worst day in 16 years, after three of its employees including CEO Terence Holohan were detained by government... 


Solar panels, wind turbines and a hydrogen storage tank
JET Funding Platform to close first application window on Dec 15
8th November 2024 By: Darren Parker

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.... 


Workers on powerlines
IPP Office to oversee pilot procurement of private independent transmission projects
8th November 2024 By: Terence Creamer

Government has confirmed that the Independent Power Producer Office (IPPO), which has overseen the public procurement of more than 7 300 MW of operational renewable-energy capacity since 2011, will... 


An image showing the Vametco project
Bushveld production to continue to decrease on liquidity challenges
8th November 2024 By: Tasneem Bulbulia

Aim-listed Bushveld Minerals will continue with a controlled slowdown of production owing to liquidity challenges, CEO Craig Coltman says in an operational update for the three months and nine... 


Barrick President and CEO Mark Bristow
Africa delivers ‘usual reliable performance’, Barrick’s Bristow reports
8th November 2024 By: Martin Creamer

The Africa region delivered “its usual reliable performance” for Barrick, Dr Mark Bristow highlighted in his presentation of the third-quarter results of the New York- and Toronto-listed gold and... 


Soldier in Mozambique
SAAFF bemoans lethargic SADC's failure to stop Moz conflicts impacting regional economy
8th November 2024 By: Marleny Arnoldi

With more than 500 000 people having been displaced and 5 785 having died over the last seven years as conflict wages in Mozambique’s Cabo Delgado province, Southern Africa Association of Freight... 


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