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Market conditions dampen Afarak’s first-half profit
16th August 2024 By: Marleny Arnoldi

London-listed Afarak Group has reported a decrease in material processed for the first half of this year to 11 922 t, compared with the 12 855 t of material processed in the first half of last... 


Nedbank CIB Head of Infrastructure, Energy and Telecommunications Mike Peo.
Major shift to green energy under way by mining houses across Africa – Nedbank CIB
16th August 2024 By: Martin Creamer

Virtually every mining house in South Africa is in the process of procuring green electrons, and similar advances are taking place across the African continent, from the Democratic Republic of... 


Exploration drilling on a Botswana Diamonds prospect
Botswana Diamonds leverages AI to evaluate its existing mineral data in Botswana
16th August 2024 By: Marleny Arnoldi

Aim-listed Botswana Diamonds (BOD), which holds exploration licences in Botswana and South Africa, has started with an AI programme on its Botswana database, which will assist in a comprehensive... 


Mawson Finland closes IPO, to list on TSX-V
Mawson Finland closes IPO, to list on TSX-V
16th August 2024 By: Mariaan Webb

Exploration company Mawson Finland has closed initial public offering (IPO) and will list on the TSX-V on Monday. Pursuant to the IPO, Mawson issued almost 2.88-million shares at $1 a share,... 


Captial CE Peter Stokes
Capital’s interim revenue up 9.8% y/y
15th August 2024 By: Darren Parker

Mining services company Capital has announced first-half revenue of $169.4-million, marking a 9.8% increase from $154.3-million in the 2023 interim period. The company's full-year revenue guidance... 


copper abstract periodic table
More investment in copper production outside of China needed
15th August 2024 By: Darren Parker

Copper demand is expected to rise by 75% to 56-million tonnes by 2050, necessitating substantial investment, a new report by data analytics firm Wood Mackenzie shows. The firm says that, as major... 


Exxaro CEO Dr Nombasa Tsengwa.
Exxaro expecting interest rates to begin to lower during the remainder of this year
15th August 2024 By: Martin Creamer

Johannesburg-listed coal and energy company Exxaro is expecting the Federal Reserve, the European Central Bank, the Bank of England and the South African Reserve Bank, among others, to start... 


Former Trafigura COO’s Swiss corruption trial set for December
Former Trafigura COO’s Swiss corruption trial set for December
15th August 2024 By: Bloomberg

The Swiss trial of Trafigura Group and its former COO Mike Wainwright on corruption charges has been scheduled for December — in a case that’s likely to shine a renewed light on allegations of... 


China slashes steel output as industry sounds alarm on demand
China slashes steel output as industry sounds alarm on demand
15th August 2024 By: Bloomberg

Chinese steelmakers slashed output last month as woeful demand forced steep cuts on an industry contending with a collapse in margins. Steel production in July plunged about 9% on both the month... 


Tungsten West appoints new CEO
Tungsten West appoints new CEO
15th August 2024 By: Creamer Media Reporter

London-listed Tungsten West has appointed Jeffery Court as its new CEO, taking charge of progressing the Hemerdon tungsten and tin mine, in Devon, UK, towards production. The appointment, which is... 


Exxaro CEO Nombasa Tsengwa.
Exxaro declares interim dividend on higher revenue, lower profit
15th August 2024 By: Martin Creamer

Mining and renewable energy company Exxaro Resources has declared an interim dividend in reporting its interim results for the six months to June 30. Half-year revenue of the Johannesburg Stock... 


Dawie Roodt
Be prepared for new economic future as biggest Electra Mining Africa show approaches
14th August 2024 By: Martin Creamer

South Africa’s preparation for a brand new economic future is coinciding with the biggest ever Electra Mining Africa show, which takes place in Johannesburg, from September 2-6. Five interconnected... 


Gold approaches record high with focus on US inflation data
Gold approaches record high with focus on US inflation data
14th August 2024 By: Bloomberg

Gold edged up to near a record, as investors awaited key inflation data that could prompt the Federal Reserve to cut interest rates next month. Bullion reached as high as $2 478.61 an ounce –... 


The Amazon rainforest
Germany, Italy import legally dubious Brazilian gold, study shows
14th August 2024 By: Reuters

All Brazilian gold imports by Germany and 71% by Italy come from areas of the Amazon where illegal mining is rampant, a think thank said on Tuesday, calling for increased European scrutiny. All 1.3... 


Barrick CEO Mark Bristow
Africa delivers ‘usual reliable performance’ with steady output, lower costs – Barrick
13th August 2024 By: Martin Creamer

The Africa region delivered its “usual reliable performance” with steady production and well contained costs, Barrick CEO Dr Mark Bristow reported this week when it maintained its quarterly... 


Polished diamonds
Botswana aims to negotiate bigger stake in HB Antwerp diamond dealer
13th August 2024 By: Reuters

Botswana intends to renegotiate its proposed purchase of a stake in Belgian gem dealer HB Antwerp to double the size of its shareholding at no extra cost following the downturn in the diamond... 


Pandora CEO says diamond market faces disruption in next decade
Pandora CEO says diamond market faces disruption in next decade
13th August 2024 By: Bloomberg

Pandora A/S’s chief executive officer expects it will take less than ten years before consumers buy more lab-grown diamonds than mined stones because they increasingly weigh up costs and climate... 


CleanTech's Viento Adino project.
Chile-focused DLE lithium developer heads for Australian market
13th August 2024 By: Mariaan Webb

Aim-listed lithium exploration and development company CleanTech Lithium (CTL), headed by mining veteran Steve Kesler, has announced its planned dual-listing on the ASX next month, along with an... 


Iron-ore takes fresh hit as concerns over global glut exact toll
Iron-ore takes fresh hit as concerns over global glut exact toll
13th August 2024 By: Reuters

Iron-ore slumped — following its fourth weekly loss in five — on concerns that a slowdown in steelmaking at Chinese mills, combined with record shipments from Australia and Brazil, would lead to a... 


Merafe CEO Zanele Matlala.
Merafe reports R720m half-year profit on higher chrome ore prices, weaker currency
12th August 2024 By: Martin Creamer

Johannesburg Stock Exchange-listed Merafe has reported a profit of R720-million for the six months ended June 30, on higher realised chrome ore prices and a weaker rand:dollar exchange rate. But... 


Don Turvey will relocate to Cornwall, in the UK.
Cornish appoints South African Don Turvey as CEO
12th August 2024 By: Creamer Media Reporter

Aim- and TSX-V-listed Cornish Metals has announced the appointment of Don Turvey as CEO. The appointment is intended to be effective from September 1, and is subject to the approval of a UK work... 


Gold steadies before US inflation data as recession fears linger
Gold steadies before US inflation data as recession fears linger
12th August 2024 By: Bloomberg

Gold steadied ahead of key US data prints this week, with traders focused on whether they will reinforce bets the Federal Reserve will soon pivot to monetary easing. Bullion was trading near $2... 


Rio Tinto’s Serbia lithium project faces fresh protests
Rio Tinto’s Serbia lithium project faces fresh protests
12th August 2024 By: Bloomberg

Environmental activists and opposition groups are set to gather in the center of Serbia’s capital on Saturday to demand a halt to the Rio Tinto Group’s $2.4-billion plans to open Europe’s biggest... 


Olympic gold medals are worth more than ever after cost of metals surged
Olympic gold medals are worth more than ever after cost of metals surged
12th August 2024 By: Bloomberg

Olympic gold medals are worth more than ever at this year’s Paris games, with the raw materials that go into them having the potential to fetch about $900 each. The medals contain six grams of... 


ICMM CEO and president Rohitesh Dhawan
Mining companies strengthen their commitment to respect the rights of Indigenous Peoples
8th August 2024 By: Sabrina Jardim

Ahead of the International Day of the World’s Indigenous Peoples, on August 9, mining industry organisation the ICMM’s members have reaffirmed their commitment to respect the rights of Indigenous... 


Seriti Green CEO Peter Venn and Seriti Group CE Mike Teke.
Global energy winners will be those transitioning quickly and effectively
8th August 2024 By: Martin Creamer

When it comes to the energy transition, the countries that implement the strongest energy portfolios and power grids the fastest and most effectively are going to be the winning countries. That is... 


An image showing Jubilee CEO Leon Coetzer at Project Roan
Jubilee starts operations at Roan front-end upgrade project
8th August 2024 By: Tasneem Bulbulia

Diversified metals producer Jubilee Resources Group has started operations at its Roan upgrade project, in Zambia. The start of the newly-built front-end section of the Roan operation adds... 


Glencore Group's Astron Energy refuelling station.
Astron’s a terrific asset, ferrochrome’s helping world to decarbonise, says Glencore
8th August 2024 By: Martin Creamer

Astron Energy, which has successfully rebranded one of South Africa’s transport fuel forecourt networks, is described by Glencore CEO Gary Nagle as being a terrific asset. With the restart to full... 


Copper processing plant in Argentina.
Argentina is the next frontier for copper growth, says Glencore
7th August 2024 By: Martin Creamer

Argentina is the next frontier for copper growth, “no question”, Glencore CEO Gary Nagle highlighted on Wednesday when the London- and Johannesburg-listed diversified mining and marketing company... 


Tertiary, FQM sign exploration due diligence agreement over Zambia project
7th August 2024 By: Tasneem Bulbulia

Aim-listed Tertiary Minerals’ newly incorporated Zambian subsidiary, Copernicus Minerals, has signed a binding letter of agreement (BLA) with First Quantum Minerals (FQM) on the Mukai copper... 


An image of Andrada CEO Anthony Viljoen
Andrada subsidiary concludes funding agreement with Bank Windhoek
7th August 2024 By: Tasneem Bulbulia

Aim-listed Andrada Mining’s subsidiary, Uis Tin Mining Company (UTMC), has concluded the N$175-million (about £7.5-million) funding agreements with Bank Windhoek Limited (BWL), as previously... 


Botswana Diamonds raises £250 000
7th August 2024 By: Tasneem Bulbulia

Aim-listed Botswana Diamonds has undertaken a placing and subscription with existing and new investors to raise £250 000 through the issue of new ordinary shares. This includes a cash subscription... 


Gold recovered from e-waste
UK's Royal Mint produces recycled gold from new e-waste factory
7th August 2024 By: Marleny Arnoldi

The UK Royal Mint has unveiled a new factory that processes e-waste to produce gold, which it is marketing as a more sustainable gold recovery method.  The company aims to process up to 4 000 t/y... 


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