Gem Resources raises £2.12m to optimise Gravelotte, restart Curlew

London-listed Gem Resources has raised £2.12-million, before expenses, to support production optimisation and cost reduction at its Gravelotte emerald mine, in South Africa, and to restart... 

Higher sales, gold price to give Pan African’s earnings a boost

JSE-listed Pan African Resources has advised shareholders in a group trading statement that its earnings per share (EPS) for the financial year ended June 30 are expected to be between $0.07 a... 

Anglo American raises R44bn as it sells last remaining shares in Valterra

Diversified miner Anglo American has raised cash proceeds of R44.1-billion, or about $2.5-billion, from the sale of its remaining shares in South African platinum group metals (PGMs) producer... 

Cora DFS confirms payback of 1.1 years at Sanankoro

Aim-listed Cora Gold has reported that an updated definitive feasibility study (DFS) has confirmed a payback period of just 1.1 years, feeding into the strong economic potential of the company’s... 

Atlantic Lithium enters binding financing agreements to fund Ewoyaa project

Aim-and ASX-listed Atlantic Lithium has entered into binding financing agreements with global investment company Long State Investments to secure funding of up to £28-million to support the... 

Southern Palladium begins DFS drilling at Bengwenyama

JSE- and ASX-listed Southern Palladium has begun its detailed metallurgical and geotechnical drill programmes as part of ongoing field work to support the delivery of a definitive feasibility study... 

Council, partners propose new way to own, trade and use gold

The World Gold Council (WGC), British multinational law firm Linklaters and Hilltop Walk Consulting have unveiled a “pioneering vision” to transform the global gold market through the introduction... 

ICMM launches Global Mining Dataset to support more robust data on mining, metals

Mining and metals advocacy group the ICMM has launched its ‘Global Mining Dataset’, to address the lack of reliable, standardised data for the mining and metals sector. The ICMM says the new... 

New mineralised pegmatites identified at Lithium Ridge – Andrada

Aim-listed Andrada Mining has begun exploration drilling at the Lithium Ridge project, in Namibia, in partnership with Sociedad Química y Minera de Chile (SQM) through its subsidiary SQM Australia.... 

Goldstone reports encouraging progress at Homase

Aim-listed Goldstone Resources has reported that gold production at its Homase mine, in Ghana, continues to progress encouragingly with 11.06 kg of gold doré, equivalent to about 355.6 oz of gold... 

FutureCoal calls for fair, equal funding of coal in new open letter to financiers, investors

Following the launch of its Fund Fair, Fund Equal campaign in June, the Global Alliance for Sustainable Coal (FutureCoal) has issued an open letter to about 700 global finance, investment and... 

Southern Africa sits on swathes of critical mineral reserves, report spotlighting regional case studies reveals

A new report launched by the World Economic Forum (WEF) highlights the urgent need to unlock investment in Southern Africa’s critical minerals to meet surging global demand for clean energy and... 

Mahindra launches R70m Pik Up assembly plant in KZN

India-headquartered vehicle manufacturer Mahindra has launched its new R70-million Mahindra Pik Up local assembly plant at the Dube TradePort Special Economic Zone (SEZ), in KwaZulu-Natal, on... 

Sibanye-Stillwater pleased with improved group profitability

Multinational mining and metals processing group Sibanye-Stillwater has reported pleasing results for the six months ended June 30, with all group operations other than the South African gold... 

Commission recommends Tribunal approve Glencore, Sibanye-Stillwater chrome recovery plant merger

The Competition Commission has recommended to the Competition Tribunal that it approve the transaction whereby Glencore Operations South Africa (GOSA) – on behalf of the Glencore-Merafe pooling and... 

Salungano concludes standstill agreement with lenders

JSE-listed Salungano Group has reported that it has concluded a standstill agreement with its lenders, Nedbank and Standard Bank, on August 26. The company explains that the lenders have agreed to... 

Kipushi debottlenecking programme completed ahead of schedule, under budget

TSX-listed Ivanhoe Mines executive co-chairperson Robert Friedland and president and CEO Marna Cloete have announced that the debottlenecking programme at the ultrahigh-grade Kipushi zinc mine, in... 

Pensana execs meet with senior White House officials to discuss long-term rare earth supply into the US

Rare earths developer Pensana has reported that its CEO Tim George and CCO Will Izod recently met with White House National Security Council deputy director for critical and emerging technology... 

Mahindra launches R70m Pik Up assembly plant in KwaZulu-Natal

India-headquartered vehicle manufacturer Mahindra has launched its new R70-million Mahindra Pik Up local assembly plant at the Dube TradePort Special Economic Zone (SEZ), in KwaZulu-Natal, on... 

Moves to boost defence, aerospace spending could be positive for PGM demand – WPIC

In The Hague Summit Declaration, issued on June 25, the North Atlantic Treaty Organisation (Nato) Heads of State and Government committed to spending 5% of GDP yearly on defence requirements by... 

Resolute posts higher interim Ebitda

ASX-listed Resolute Mining has maintained its full-year production guidance, despite reporting a 9.3% year-on-year decrease in output to 151 460 oz for the six months ended June 30, as lower... 

Blencowe completes Orom-Cross DFS programmes

London-listed Blencowe Resources has completed all major infrastructure workstreams within the definitive feasibility study (DFS) for its Orom-Cross project, in Uganda, alongside the recent... 

Gold Fields lifts interim dividend as profit surges on higher gold price, strong production

Globally diversified gold miner Gold Fields has declared a dividend of R7 a share for the six months ended June 30, compared with the dividend of R3 a share declared for the first half of the 2024... 

Call for inclusive dialogue on NDC to enhance climate action

The Presidential Climate Commission (PCC) held a Special Commission Working Session with Forestry, Fisheries and the Environment Minister Dion George on August 5 to receive an update on the draft... 

Sustainable use of coal important for energy transition – FutureCoal

Despite a global shift away from coal towards renewable energy, coal remains essential for energy generation, particularly in countries such as South Africa, where it still plays a significant role... 

Kasiya test pit rehabilitation trials deliver exceptional first-year results

ASX-listed Sovereign Metals has announced “exceptional” first-year results from its rehabilitation trials at the Kasiya rutile/graphite project, in Malawi, delivering critical data that will inform... 

Exxaro takes steps to create ‘fit for the future’ management structure

JSE-listed Exxaro Resources has announced changes to its group management structure to reposition itself as an organisation that is “fit for the future” and incorporates its growing diversified... 

Giyani closes upsized private placement

TSX-V-listed Giyani Metals has closed its previously announced, and now upsized, non-brokered private placement financing, raising aggregate gross proceeds of C$3.57-million from the sale of... 

Solidarity calls for decisive intervention amid possible Beeshoek mine closure

Trade union Solidarity says it will demand decisive intervention during the proposed consultation on retrenchments after iron-ore producer Assmang issued a notice, highlighting the possible closure... 

Altona submits proposal to US for funding of Moz project study

Following a recent policy shift, London-listed Altona Rare Earths has reported that the US Government has re-engaged with the company on the possibility of providing funding support for the... 

Thungela lifts South African output, but soft coal prices remain a challenge

JSE-listed coal miner Thungela Resources has reported good growth in production from its South African operations for the six months ended June 30, but softer coal prices weighed on its financial... 

Lexington expands conceptual study scope in South Africa, completes diamond drilling at US project

Aim-listed Lexington Gold has reported that the scope of a conceptual-level study of the Jelani Resources joint venture (JV) project, in South Africa, by Bara Consulting has been expanded to... 

Master Drilling expects over 450% increase in interim EPS

JSE-listed Master Drilling says it expects its earnings per share (EPS) for the six months ended June 30 to be between 212c and 219.50c, compared with the EPS of 37.50c for the six months ended... 

Altona confirms fluorspar in gallium samples from Monte Muambe

London-listed Altona Rare Earths has reported that it has received partial mineralogy and geochemistry results of gallium samples from the Monte Muambe rare earths and gallium project, in... 

Collaboration, accountability, mentorship key to helping women advance in business

Amid the evolving role of women in South Africa’s business environment, coordinated efforts and collaboration are key in helping to overcome the challenges they faced and in advancing female... 

Alphamin’s second-quarter Ebitda improves

JSE-listed Alphamin Resources has posted a 21% quarter-on-quarter increase in earnings before interest, taxes, depreciation and amortisation (Ebitda) to $75-million for the second quarter ended... 

Global coal use likely to remain near the all-time high reached in 2024 – IEA

Global coal demand is likely to remain broadly unchanged this year and next, despite short-term fluctuations across several major markets in the first half of this year, the International Energy... 

Aterian awarded three new licences in the Kalahari Copperbelt

London-listed Aterian has announced a significant expansion of its high-potential copper and silver exploration portfolio following the award of three new prospecting licences in the world-renowned... 

Bank of Zambia renews gold purchase contract with First Quantum Minerals

Following a tender, the Bank of Zambia (BOZ) has extended metals miner First Quantum Minerals’ (FQM’s) contract to supply the central bank with refined gold for the next three years, building on a... 

BLSA, Busa urge Eskom to cease legal action against awarded electricity trading licences

Business Leadership South Africa (BLSA) and Business Unity South Africa (Busa) have called on the South African government to urgently intervene to protect the national energy reform programme in...