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Africa

The Stillwater mine
Sibanye-Stillwater flags narrowed 2024 full-year loss a share; a further $500m impairment
19th February 2025 By: Creamer Media Reporter

Multinational mining and metals processing group Sibanye-Stillwater expects to report a loss a share of between R2.45 ($0.13) and R2.71 ($0.15) for the financial year ended December 31, which would... 


Glencore Alloys CEO Japie Fullard.
South Africa’s chromite recovery potential broadened by Glencore, Sibanye deal
19th February 2025 By: Martin Creamer

South Africa’s chromite recovery potential has been broadened by Wednesday’s joint venture (JV) agreement between Glencore Operations South Africa and Sibanye-Stillwater. “We’ll definitely extend... 


Finance Minister Enoch Godongwana
Budget postponed to March 12 after GNU Cabinet fails to agree on two-percentage-point VAT hike
19th February 2025 By: Terence Creamer

In an unprecedented development, the speaker of Parliament Thoko Didiza was forced to postpone the 2025 Budget address by Finance Minister Enoch Godongwana on Wednesday. This, after Cabinet failed... 


Metlen secures long-term strategic agreements with Rio Tinto for bauxite, alumina
19th February 2025 By: Sabrina Jardim

Athens-listed industrial and energy company Metlen Energy & Metals has entered into two long-term strategic agreements with global mining major Rio Tinto, securing supply chain improvements in both... 


Sovereign completes Kasiya testwork
19th February 2025 By: Sabrina Jardim

ASX-listed Sovereign Metals has reported that testwork completed on graphite from its Kasiya rutile/graphite project, in Malawi, has confirmed that the project’s graphite has the key... 


Copper falls as Citi predicts prices will retreat on US tariffs
Copper falls as Citi predicts prices will retreat on US tariffs
19th February 2025 By: Bloomberg

Copper in London declined after Citigroup flagged risks of a pullback in prices from the impact of US tariffs on demand. The metal has risen almost 8% this year due to resilience in the physical... 


An image showing the Sahamamy graphite processing plant
Tirupati terminates Shishir Poddar as co-CEO, unspecified investigations continue
19th February 2025 By: Tasneem Bulbulia

London-listed Tirupati Graphite has terminated Shishir Poddar as co-CEO, with immediate effect. The company says in a statement that it reserves its right to continue its investigations into all... 


An image showing the Tswelopele pelletising and sintering plant
PSV chrome legacy agreement enhanced – Merafe
19th February 2025 By: Tasneem Bulbulia

An Upper Group 2 offtake agreement previously concluded between Lonmin and JSE-listed Merafe’s chrome pooling and sharing venture with Glencore Operations South Africa (PSV) has now been enhanced.... 


Metso awarded contract to repair, upgrade bucket-wheel stacker reclaimer
19th February 2025 By: Schalk Burger

Materials handling and mining equipment company Metso has been awarded an order to provide repairs and upgrades for a bucket-wheel stacker reclaimer at a customer’s stockyard operations in Africa.... 


Ivanhoe unveils independent Phase 2, Phase 3 expansion studies for Platreef
Ivanhoe unveils independent Phase 2, Phase 3 expansion studies for Platreef
19th February 2025 By: Sabrina Jardim

TSX-listed Ivanhoe Mines’ subsidiary Ivanplats and its partners have welcomed the positive and significant results from two independent technical studies completed on the Phase 2 and Phase 3... 


Gemfields CEO Sean Gilbertson
Zambia suspends export tax on precious stones, metals
19th February 2025 By: Reuters

Zambia has suspended a 15% export tax on precious stones and metals in a bid to enhance competitiveness on the global market and draw investment, the finance ministry said on Wednesday. The... 


The Somair mine in Niger
Orano looks to Mongolia as new source for uranium as Niger problems drag on
19th February 2025 By: Reuters

 French nuclear fuels company Orano is looking to increase output of uranium from new mines in Mongolia and elsewhere to meet rising demand from the nuclear power industry and offset production... 


Chinese lithium company halts tech exports as trade tensions build
19th February 2025 By: Reuters

A Chinese company has stopped exporting a piece of equipment used to process the electric vehicle battery metal lithium, in the clearest sign yet manufacturers are already implementing export... 


An image showing Sylvania Platinum's Mooinooi operation
Sylvania increases full-year guidance on the back of strong interim performance
18th February 2025 By: Tasneem Bulbulia

Aim-listed Sylvania Platinum has increased its 2025 production guidance to between 75 000 oz and 78 000 oz of platinum, palladium, rhodium and gold (4E) platinum group metals (PGMs), from the... 


Kumba CE Mpumi Zikalala
Kumba posts lower earnings, dividend as steel demand weakened in 2024
18th February 2025 By: Marleny Arnoldi

Anglo American subsidiary Kumba Iron Ore has reported a 17% lower total dividend for the year ended December 31, on the back of steel market and iron-ore pricing dynamics. The company’s total... 


An image showing the Madaouela uranium project
GoviEx, Niger agree on strategic roadmap
18th February 2025 By: Tasneem Bulbulia

TSX-V-listed GoviEx Uranium and its wholly-owned subsidiary GoviEx Niger have signed a letter with the government of Niger, represented by the Minister of Mines, agreeing to a structured roadmap... 


Clockwise (from top left) CEO Niël Pretorius, CFO Riaan Davel and COO  Jaco Schoeman.
High-flying DRDGOLD’s 18th consecutive dividend illuminated by 50%-higher payout
18th February 2025 By: Martin Creamer

Johannesburg- and New York-listed DRDGOLD on Tuesday, February 18, reported soaring half-year operating profit and 28%-higher revenue for the six months to December 31. The strongly performing... 


MMC procures crystalliser plant to produce battery-grade manganese material
MMC procures crystalliser plant to produce battery-grade manganese material
18th February 2025 By: Sabrina Jardim

Manganese producer and exporter Manganese Metal Company (MMC) has awarded crystallisation and evaporation plant and systems provider JordProxa Africa a contract to supply it with a crystalliser... 


Goldman raises gold target to $3 100 on central-bank appetite
Goldman raises gold target to $3 100 on central-bank appetite
18th February 2025 By: Bloomberg

Goldman Sachs Group raised its year-end gold target to $3 100 an ounce on central-bank buying and inflows into bullion-backed exchange-traded funds, highlighting Wall Street’s enthusiasm for the... 


dump truck
Infrastructure slowdown in Australasia impacts on Aveng’s revenue
18th February 2025 By: Darren Parker

JSE-listed engineering-led contractor Aveng has reported an 8.1% decline in revenue to R16.6-billion for the six months ended December 31, 2024, down from R18.6-billion in the prior period. The... 


Master Drilling executive director Koos Jordaan
New diamond-enabled cutting technology partnership announced
18th February 2025 By: Shannon de Ryhove

World leader in the design, development and production of synthetic diamond advanced material solutions Element Six, part of the De Beers Group, and global leader in drilling technology solutions... 


Barrick signs MoU with Zambia to boost mining and exploration
Resources Watch
18th February 2025

This week: Barrick signs MoU with Zambia to boost mining and exploration and, Pan African says it can operate and grow in South Africa ‘very successfully’ 


Barro Alto nickel in Brazil
MMG to acquire Anglo American's nickel business for $500m
18th February 2025 By: Mariaan Webb

Diversified mining group Anglo American has agreed to sell its nickel business to mid-tier miner MMG for up to $500-million, the companies announced on Tuesday. The transaction, which includes... 


Robert Friedland
Billionaire Friedland’s iron-ore miner seeks up to A$300m in Australia IPO
18th February 2025 By: Bloomberg

Mining billionaire Robert Friedland’s latest venture, iron-ore producer Ivanhoe Atlantic, is seeking to raise as much as A$300-million from an initial public offering (IPO) in Australia, people... 


BHP CEO Mike Henry
BHP CEO strikes upbeat tone despite profit decline
18th February 2025 By: Mariaan Webb

Diversified mining major BHP remains optimistic about demand for its products, despite a decline in interim profit and ongoing global economic uncertainties. CEO Mike Henry on Tuesday highlighted... 


CSIR senior researcher Luanita Snyman-Van der Walt
South African green hydrogen EIA guideline, potential atlas launched
17th February 2025 By: Creamer Media Reporter

The Department of Forestry, Fisheries and the Environment, the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), the Council for Scientific and Industrial Research (CSIR) and GFA... 


Temporary 21-day export ban only applies to artisanal gemstones, Malawi govt clarifies
17th February 2025 By: Darren Parker

Following the February 12 announcement of the placing of a temporary ban on the exports of all minerals from Malawi, the country’s Ministry of Mining has moved to clarify its position. “The... 


tailings dam
Metso, UCT team’s tailings management solution wins first prize at mining innovation contest
17th February 2025 By: Darren Parker

The cross-disciplinary team of mineral processing technology company Metso and the University of Cape Town (UCT) took first place in the Mining Innovation and Research Battlefield competition held... 


truck loaded with building aggregates
Afrimat notes some improvement in conditions following tough first-half
17th February 2025 By: Darren Parker

JSE-listed mining and materials group Afrimat has warned that losses in its cement segment and a weaker-than-expected performance from its anthracite segment will mean that its results for the 2025... 


CEO Craig Miller
Craig Miller excited at prospect of demerged AngloPlat being resurgent PGM producer
17th February 2025 By: Martin Creamer

Soon-to-be renamed Anglo American Platinum is being positioned to be as competitive as possible for the long term and to deliver on its full potential for all of stakeholders, CEO Craig Miller made... 


Petra Diamonds' Finsch mine
Duffy resigns as Petra CEO, interim revenue knocked by market weakness
17th February 2025 By: Marleny Arnoldi

Independent mining group Petra Diamonds, which owns and operates diamonds mines in South Africa, has appointed two interim CEOs Vivek Gadodia and Juan Kemp to succeed Richard Duffy, who has... 


NextSource balancing ramp up of Molo graphite mine with demand
17th February 2025 By: Mariaan Webb

Canada-listed NextSource Materials remains committed to ramping up and expanding operations at its Molo graphite mine in Madagascar, despite ongoing market challenges. The company, headed by Hanré... 


Anglo American CE Duncan Wanblad
Anglo American sets out June demerger timeline for Anglo American Platinum
17th February 2025 By: Martin Creamer

Diversified mining major Anglo American plc reported on Monday that it had made significant progress towards its demerger of Anglo American Platinum, which has announced dividends totalling... 


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