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Africa

An image of Botswana Diamonds chairperson John Teeling
Botswana Diamonds secures prospecting permit on five Marsfontein kimberlites
17th October 2024 By: Tasneem Bulbulia

Botswana Diamonds, which holds exploration licences in South Africa and Botswana, has obtained a prospecting permit covering five kimberlites known to contain diamonds in the Marsfontein region of... 


DRDGOLD lifts first-quarter output, sales
17th October 2024 By: Tasneem Bulbulia

JSE- and NYSE-listed DRDGOLD’s production for the quarter ended September 30 increased by 7% quarter-on-quarter to 1 319 kg (42 407 oz), primarily owing to a 13% increase in tonnage throughput,... 


Plant optimisations resulted in a significantly improved performance at  at Pueblo Viejo.
Barrick reports Q3 results, eyes strong finish to 2024
16th October 2024 By: Creamer Media Reporter

NYSE- and TSX-listed Barrick Gold on Wednesday released its preliminary production figures for the third quarter of 2024, revealing gold production of 943 000 oz and copper production of 48 000 t.... 


Kansanshi in Zambia
Saudi's Manara in advanced talks to buy stake in First Quantum's Zambian mines
16th October 2024 By: Reuters

Saudi Arabia's Manara Minerals is closing in on a deal to buy a minority stake in Canadian miner First Quantum Minerals' Zambian copper and nickel assets, three people familiar with the details... 


Aurum-Mako merger creates West African gold firm
16th October 2024 By: Mariaan Webb

Australia-listed Aurum Resources and Mako Gold have announced an agreement to merge, creating an emerging exploration and development gold business in West Africa. The merged company will have two... 


South Africa's Lion ferrochrome operation.
South Africa remains attractive mining investment destination, China hears
16th October 2024 By: Martin Creamer

The  South African mining industry is diversifying from the gold mining era to an industry with a diverse range of mineral resources that include platinum group metals (PGMs), chrome, manganese,... 


Uranium concentrate
GoviEx demonstrates high recovery rates using simple heap leaping for Muntanga project
16th October 2024 By: Marleny Arnoldi

TSX-V-listed GoviEx Uranium has completed an extensive metallurgical testwork programme at Mintek, in South Africa, which aimed to demonstrate the viability of the company’s heap leach process for... 


Drill core sample on copper project
Tertiary completes inaugural drilling on Mushima North copper target
16th October 2024 By: Marleny Arnoldi

Aim-listed Tertiary Minerals has completed an inaugural drilling programme on the Mushima North copper project, in Zambia. The programme aimed to test the A1 and C1 copper, zinc and arsenic soil... 


Anglo American solar, hydrogen plant at Mogalakwena.
Responsible mining promoted in new global standard initiative
16th October 2024 By: Martin Creamer

Four global metals and minerals mining organisations on Wednesday published a draft consolidated standard that covers a wide range of topics related to responsible mining practices. The Copper... 


Resources Watch
Resources Watch
16th October 2024

This Week: Recycle like there’s no tomorrow, big screen at Oppenheimer event urges attendees; and, $860m ilmenite beneficiation project enters bulk earthworks phase at Richards Bay IDZ 


ENRG Elements granted permit renewals for Niger project
16th October 2024 By: Tasneem Bulbulia

ASX-listed ENRG Elements has secured a three-year renewal of the three granted exploration permits that make up its 100%-owned Agadez uranium project, in Niger. The exploration permits, covering... 


An image showing a still from the De Beers and Signet campaign
Signet, De Beers launch new natural diamond marketing campaign for young generation
16th October 2024 By: Tasneem Bulbulia

Diamond miner De Beers Group and diamond jewellery retailer Signet Jewelers, have launched ‘Worth the Wait’, a new natural diamond campaign focused on the themes of modern love and evolving... 


Bannerman's Etango project
Bannerman confident about market conditions, cash flexibility as it nears final investment decision on Etango
16th October 2024 By: Marleny Arnoldi

ASX-listed Bannerman Energy says it is progressing towards a final investment decision on the Etango uranium project, in Namibia, with a strong cash position and favourable market conditions. The... 


Positive credit rating indicates stable outlook for Northam in South Africa
16th October 2024 By: Darren Parker

Credit rating agency GCR Ratings has reaffirmed Northam Platinum’s national-scale long-term and short-term credit ratings at A+(za) and A1(za), respectively, with the outlook maintained as stable.... 


IEA executive director Fatih Birol presenting the World Energy Outlook 2024
Africa’s critical-minerals role highlighted as world moves into ‘Age of Electricity’
16th October 2024 By: Terence Creamer

With the global energy system moving into the “Age of Electricity”, the International Energy Agency (IEA) has again highlighted the central role of Africa in producing the critical minerals... 


Copper Mark logo
Metalkol embarks on Copper Mark assurance process
16th October 2024 By: Darren Parker

Diversified miner Eurasian Resources Group’s (ERG’s) Metalkol operation, in the Democratic Republic of Congo (DRC) has officially begun the Copper Mark assurance process, in line with a letter of... 


Eramet cuts targets for Gabon and Indonesia mines on market, permit setbacks
16th October 2024 By: Reuters

France's Eramet  on Tuesday cut sharply its 2024 production targets for its manganese mine in Gabon and nickel mine in Indonesia, citing a downturn in the manganese market and a... 


Gold industry sees prices rising to $2 941/oz over 12 months
Gold industry sees prices rising to $2 941/oz over 12 months
16th October 2024 By: Reuters

The price of gold is expected to rise to $2 941 a troy ounce over the next 12 months from the current $2 661, delegates to the London Bullion Market Association's annual gathering predicted on... 


Rio Tinto reported a marked improvement in bauxite output.
Rio Tinto maintains FY guidance, reports steady progress at growth projects
16th October 2024 By: Mariaan Webb

Global mining giant Rio Tinto has reported consistent iron-ore production from its operations in Australia’s Pilbara, with third-quarter output increasing by 1% to 84.1-million tonnes. The company... 


Egypt Competition Authority approves Anglogold's buyout of Centamin
15th October 2024 By: Creamer Media Reporter

The Egyptian Competition Authority has approved AngloGold Ashanti's proposed buyout of Centamin, which owns and operates the Sukari gold mine, in Egypt. The two gold producers last month announced... 


An image showing West African Resources' Sanbrado plant
West African Resources reports high-grade gold at Burkina Faso project
15th October 2024 By: Tasneem Bulbulia

ASX-listed unhedged gold mining company West African Resources has reported high-grade gold mineralisation from recent resource definition diamond drilling within the M1 South (M1S) Main Deeps... 


Koryx raises $9.6m in private placement, extends offer to raise $17m
15th October 2024 By: Darren Parker

TSX-listed Koryx Copper has closed the first tranche of a previously announced non-brokered private placement on October 11, raising about $9.6-million for the sale of about 8.7-million common... 


The Bakubang mine shaft.
Wesizwe Platinum audit disclaimer follows funding support delay
15th October 2024 By: Martin Creamer

Owing to the directors of the JSE-listed Wesizwe Platinum not being able to provide major shareholder agreements, its independent auditing company has expressed a disclaimer of review conclusion,... 


Negotiated pricing agreements with smelters add upward pressure to Eskom tariff
Eskom’s tariff application reflects big rise in subsidy support for energy-intensive firms
15th October 2024 By: Terence Creamer

A policy decision to allow electricity-intensive companies operating in South Africa to enter into negotiated pricing agreements (NPAs) with Eskom is set to contribute 5.7% to any tariff increase... 


Kazera subsidiary secures loan as part of environmental guarantee
15th October 2024 By: Tasneem Bulbulia

Aim-listed Kazera Global’s subsidiary, Whale Head Minerals (WHM), has been requested by the Department of Mineral Resources and Energy (DMRE) to furnish a guarantee in respect of its obligations to... 


Rome Resources pleased with drilling progress in the DRC
15th October 2024 By: Creamer Media Reporter

Paul Barrett, the CEO of tin explorer Rome Resources, says he is pleased with the overall drilling progress at the company's Kalayi and Mont Agoma prospects, in the North Kivu province of the... 


Caledonia on track to meet full-year output guidance
15th October 2024 By: Creamer Media Reporter

Gold miner Caledonia Mining Corporation says it remains on track to produce between 74 000 oz and 78 000 oz of gold for the full-year, with its Blanket mine, in Zimbabwe, having produced 18 992 oz... 


Platinum bars
China will launch platinum, palladium futures in Q1, producers' council says
15th October 2024 By: Reuters

The Guangzhou Futures Exchange (GFEX) is expected to launch its first platinum and palladium futures contracts in China in the first quarter of 2025, Weibin Deng, head of Asia Pacific at the World... 


Iron-ore has been in retreat for most of 2024 as a slowdown in China hobbles demand for steel.
Iron-ore drops with leading miners to deliver production reports
15th October 2024 By: Reuters

Iron-ore fell as investors’ attention shifted from China’s plans for stimulus and the outlook for demand to prospects for global supplies, with a procession of leading miners due to deliver... 


Sibanye-Stillwater faces $522m claim over cancelled Brazil mines deal
Sibanye-Stillwater faces $522m claim over cancelled Brazil mines deal
15th October 2024 By: Reuters

Sibanye Stillwater is facing a $522-million compensation claim from investment firm Appian Capital Advisory over the termination of a $1.2-billion deal to buy Appian's Brazilian nickel and copper... 


Caracal confirms receipt of $600 000 in funding
14th October 2024 By: Darren Parker

Gold producer Caracal Gold has confirmed receipt of $600 000 in funding, comprising a $500 000 financing agreement with Koenig Vermoegensverwal announced on October 1 and a $100 000 loan agreement... 


Merafe CEO Zanele Matlala
Ferrochrome production edging back up marginally, Merafe’s latest report shows
14th October 2024 By: Martin Creamer

The report on Monday by Johannesburg Stock Exchange- and A2X-listed Merafe Resources shows ferrochrome production to be edging back up maginally. Ferrochrome is a key ingredient of stainless steel... 


Oriole encounters several new mineralised intersections at Bibemi
14th October 2024 By: Darren Parker

As part of the fully funded Phase 5 diamond drilling programme currently under way at Aim-listed Oriole Resources’ 82.2%-owned Bibemi orogenic gold project, in Cameroon, the company has encountered... 


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