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Africa

Kumba Iron Ore CEO Mpumi Zikalala
Kumba to report nearly 50% drop in headline earnings for 2024
6th February 2025 By: Darren Parker

JSE-listed iron-ore producer Kumba Iron Ore has advised that its headline earnings per share (HEPS) for the year ended December 31, 2024, are expected to be between R36.60 and R40.50, a decrease of... 


AMSA postpones longs wind down by month amid intense rescue talks with government
AMSA postpones longs wind down by month amid intense rescue talks with government
6th February 2025 By: Terence Creamer

Steel producer ArcelorMittal South Africa (AMSA) has postponed the wind down of its longs business by a month to allow talks with government on possible ways to prevent the closure to progress, as... 


Coal is regarded as a critical mineral in SA
Coal, uranium both critical minerals in SA – Mantashe
6th February 2025 By: Irma Venter

South Africa’s definition of critical minerals is not limited to those minerals used in the green economy and includes coal and uranium, says Mineral and Petroleum Resources Minister Gwede... 


DRDGOLD expects to report up to 70% increase in EPS, HEPS
6th February 2025 By: Sabrina Jardim

JSE-listed DRDGOLD says it expects to report earnings per share (EPS) and headline earnings per share (HEPS) of between 109.2c and 116c for the six months ended December 31. That compares with the... 


Southern Palladium executive chairperson Roger Baxter
International investors showing interest in South African PGMs
6th February 2025 By: Rebecca Campbell

Southern Palladium executive chairperson Roger Baxter has reported that interest in investing in South African mining projects is re-emerging on North American bourses. He was talking to... 


Amplats CEO Craig Miller
Amplats warns of up to 46% decline in headline earnings for 2024
6th February 2025 By: Darren Parker

JSE-listed platinum group metals (PGM) producer Anglo American Platinum (Amplats) has warned that its headline earnings and headline earnings per share (HEPS) for the 12 months ended December 31... 


Busa says Expropriation Act safeguards sufficient to prevent arbitrary land grabs
6th February 2025 By: Schalk Burger

Business organisation Business Unity South Africa (Busa) CEO Khulekani Mathe says the Expropriation Act, in its present form, incorporates sufficient checks and balances to prevent the arbitrary... 


Jubilee CEO Leon Coetzer.
Jubilee progressing plans to accelerate copper production in Zambia
6th February 2025 By: Sabrina Jardim

London- and Johannesburg-listed Jubilee Metals has reported progress on restarting its Roan operations, in Zambia, following stable power delivery, as well as the processing of new higher-grade... 


Anglo American CEO Duncan Wanblad
Anglo reports solid copper, iron-ore operational performance as portfolio simplification continues
6th February 2025 By: Creamer Media Reporter

Diversified miner Anglo American's copper and iron-ore operations delivered a good performance for the fourth quarter of 2024, as well as for the full-year, in line with the group's growing focus... 


The Mogalakwena mine
Amplats CEO sees investor interest ahead of spinoff
6th February 2025 By: Reuters

Anglo American Platinum (Amplats) is seeing a high level of investor interest in the business as it prepares to spin off as an independent entity from its parent Anglo American, Amplats CEO Craig... 


Syrah Resources hopes to resume production of Mozambique site in first quarter
6th February 2025 By: Reuters

Syrah Resources hopes to restart production at its Balama graphite project in Mozambique during the first quarter, which will ultimately lead to the lifting of force majeure, the Australian... 


De Beers' Venetia mine
De Beers cuts its 2025 output guidance by 10Mct as trading conditions remain challenging
6th February 2025 By: Creamer Media Reporter

Amid ongoing challenging rough diamond trading conditions, De Beers has revised its production guidance for 2025 to between 20-million and 23-million carats, compared with previous guidance of... 


Rail network
Closing date for rail-slot bids extended to Feb 27 after updates are made to Network Statement
6th February 2025 By: Terence Creamer

The Transnet Rail Infrastructure Manager (TRIM) has announced an extension, from February 7 to February 27, to the closing date for slot applications under the recently published Network Statement,... 


South Africa must leverage its critical minerals resources to drive growth – Mintek CEO
5th February 2025 By: Schalk Burger

Mining research council Mintek CEO Dr Molefi Motuku has emphasised the need to leverage South Africa’s critical minerals resources, estimated to be worth more than $2.5-trillion, to drive economic... 


Menar MD Vuslat Bayoglu
Return of ferromanganese is this year’s focus, Menar emphasises at Mining Indaba
5th February 2025 By: Martin Creamer

Helping South Africa to return to being a producer of ferromanganese will be a major 2025 focus of mining company Menar, its MD Vuslat Bayoglu emphasised on Wednesday. In an interview on day-three... 


Anglo American CEO Duncan Wanblad
Anglo CEO says Mali mining developments cause for grave concern
5th February 2025 By: Bloomberg

The Malian government’s overhaul of its extraction industry risks deterring companies from investing in the nation that’s home to the world’s second-largest gold mine, according to Anglo American... 


The Minerals Council's Hugo Pienaar, Mzila Mthenjane and Tebello Chabana
Developing a new mine in SA ‘simply not competitive or attractive’– Minerals Council CEO
5th February 2025 By: Irma Venter

When considering the development of new mines and the flurry of exploration in Africa and around the world, the South African mining sector is “simply not competitive or attractive”, says Minerals... 


Copper 360 CEO Shirley Hayes
Copper 360 completes first on-ore blast at Rietberg
5th February 2025 By: Sabrina Jardim

JSE-listed Copper 360 reports that it successfully executed the first on-ore blast at its Rietberg mine, in the Northern Cape, on January 31. The company says this marks the first such blast in 42... 


Employees at a Barrick mine
Barrick Gold reaffirms its commitment to sustainability
5th February 2025 By: Rebecca Campbell

Global gold and copper miner Barrick Gold Corporation was committed to sustainability, highlighted the company’s group sustainability executive Grant Beringer. He was speaking at the annual Digby... 


An image showing the Doornkop mine
Five miners perish at Harmony Gold’s Doornkop, Joel mines
5th February 2025 By: Tasneem Bulbulia

JSE-listed Harmony Gold Mining Company has confirmed two separate loss-of-life incidents at its Doornkop and Joel mines, on February 4, which resulted in five mineworkers losing their lives. Two... 


Gold holds near record high as trade war stokes haven demand
Gold holds near record high as trade war stokes haven demand
5th February 2025 By: Bloomberg

Gold held near a record high in Asian trading, after rising by almost 1% in the previous session, as the opening salvos of the US-China trade war stoked haven demand. Bullion reached an all-time... 


Sasol's head office in South Africa
Sasol seriously working on biofuel projects, especially for mining applications
5th February 2025 By: Rebecca Campbell

South African petrochemicals giant Sasol is actively examining second-generation biofuel feedstocks – that is, energy crops – assured the group’s Sustainable Carbon Solutions Head, Ken Sarman, on... 


Joanne Bate
Bate still expects to play role in green transition following IDC departure
5th February 2025 By: Terence Creamer

Former Industrial Development Corporation (IDC) COO Joanne Bate, who departed the development financier at the end of January, expects to continue to play some role in South Africa’s green energy... 


M23 rebels
64 NGOs ask EU to cancel mineral pact with Rwanda over Congo war
5th February 2025 By: Bloomberg

A group of 64 organizations mainly from the Democratic Republic of Congo sent a letter asking the European Union to cancel a critical minerals partnership with Rwanda because of its support for a... 


Iron-ore
Guinea sees maximum Simandou output in second year of operation
5th February 2025 By: Bloomberg

Guinea expects the giant Simandou iron-ore project, which is expected to begin production by December, to achieve maximum output by its second year of operation. The government projects the two... 


Coal being transported on rail
Transnet sees rail volumes falling short of target this year
5th February 2025 By: Reuters

South African logistics group Transnet's rail freight volumes could reach 160-million to 165-million tons in the year to end March, its CEO said on Tuesday, ahead of last year but short of a... 


Mine closure needs to be thought of, from the very start of a project
4th February 2025 By: Rebecca Campbell

In an era concerned with ensuring sustainability in all things, the issue of mine closure and land rehabilitation and reuse has become a major concern. It was a topic for discussion by a panel at... 


gold bars
Kefi nears funding finalisation for Tulu Kapi
4th February 2025 By: Marleny Arnoldi

Aim-listed Kefi Gold and Copper has informed shareholders that it has received sufficient expressions of interest in the EthioBonds, in alignment with an updated finance plan for the Tulu Kapi gold... 


Gates-backed KoBold begins hunt for battery metals in Namibia
4th February 2025 By: Bloomberg

KoBold Metals Co., backed by billionaires including Bill Gates and Sam Altman, is extending its search for battery metals to Namibia, a country not known for producing the minerals. The company is... 


Bernard Swanepoel
Govt should not bully miners into beneficiation; IDC must step up – Swanepoel
4th February 2025 By: Irma Venter

Beneficiation is not the responsibility of mining companies, says Manganese Metal Company (MMC) executive chairperson Bernard Swanepoel. “Speaking as the last standing manganese beneficiation... 


Marula confirms further high-grade copper assays for Kinusi concentrate
4th February 2025 By: Tasneem Bulbulia

Africa-focused mining and development company Marula Mining has announced additional assay results of copper concentrate samples from the Kinusi copper mine, in the Mpwapwa district of Tanzania’s... 


Wood secures engineering contract at Cameroon mining project
4th February 2025 By: Tasneem Bulbulia

Consulting and engineering company Wood has been awarded an engineering scope for the Ngovayang iron-ore project, in southern Cameroon. The award by Cameroon Mining Action (Camina), a subsidiary of... 


From left De Beers sustainability head Tefo Molosiwa, Anglo Group projects director Alison Atkinson, Sasol executive VP Sarushen Pillay, and Sasol corporate affairs manager Christopher Kabosha.
Promising renewable diesel pilot production plan announced by powerful partnership
4th February 2025 By: Martin Creamer

The launch of a pilot initiative to produce feedstock for renewable diesel in South Africa was announced on day two of the Investing in African Mining Indaba taking place in Cape Town. The launch,... 


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