Gold’s record-level performance in 2024 likely to continue into 2025 – Heraeus

The trends that helped propel gold to record levels this year look set to continue in 2025, according to the ‘Precious Metals Forecast 2025’ published by German precious metals trader Heraeus... 

Thungela expected to exceed full-year export saleable production guidance for 2024

Based on coal producer Thungela Resources’ performance from January 1 to November 30, CFO Deon Smith has expressed confidence that the company would exceed its full-year export saleable production... 

Civil unrest preventing delivery of raw materials to South32’s Mozal Aluminium

The transportation of raw materials to diversified miner South32’s Mozal Aluminium operation is being negatively impacted on by road blockages related to escalating civil unrest in Mozambique.... 

Neo Energy acquires Sibanye-Stillwater’s Beatrix 4 shaft, including the Beisa uranium project

JSE- and NYSE-listed Sibanye-Stillwater has agreed to sell its Beatrix 4 shaft, in the Free State, to LSE-listed uranium exploration and development company Neo Energy Metals for R500-million in... 

CEFC invests $75m in Australia’s RCF to support clean energy transition

Specialist investor the Clean Finance Corporation (CEFC) has invested $75-million in global alternative investment manager Resource Capital Funds (RCF) to support Australia’s emerging critical... 

Triton sells 70% of Mozambique graphite project

ASX-listed Triton Minerals has entered into a share sale and purchase agreement (SSAP) with Chinese company Shandong Yulong Gold through its wholly-owned subsidiary NQM Gold 2 for an interest in... 

Arrow confirms substantial bauxite discovery in Guinea

ASX-listed Arrow Minerals has confirmed a substantial bauxite discovery with high-grade mineralisation already outlined over 5 km2 at its Niagara bauxite project, in Guinea. This discovery is... 

Staff remain safely on site at Moma despite protests, Kenmare assures

Dual-listed mineral sands producer Kenmare Resources has said that, contrary to some media reports, senior management have remained on site at the Moma titanium minerals mine, in northern... 

$5.4tr investment in mining needed by 2035 to meet new energy demand – report

A new report published by the Future Minerals Forum states that an estimated $5.4-trillion in investments is required by 2035 to meet the growing demand for key materials in the mining and metals... 

Bushveld Minerals’ CEO, chairperson resign

Embattled Aim-listed vanadium producer Bushveld Minerals has announced that independent nonexecutive chairperson Michael Kirkwood and CEO Craig Coltman have resigned from the board with immediate... 

Lucara sets 2025 sales guidance at up to 420 000 ct

Diamond producer Lucara Diamond Corp expects to sell between 400 000 ct and 420 000 ct in 2025 for a total diamond revenue of $195-million to $225-million. CEO William Lamb said in an operational... 

Kamoa-Kakula sets new monthly copper production record

The Phase 1, 2, and 3 concentrators at the Kamoa-Kakula copper complex in the Democratic Republic of the Congo (DRC) have set a new monthly production record in November, with TSX- and OTCQX-listed... 

Mineral Sands Resources suspends operations at Tormin as it seeks funding

The business rescue practitioners (BRPs) of Mineral Sands Resources (MSR) are seeking funding solutions following an urgent claim from the Tormin mine’s post commencement funding (PCF) provider.... 

South32’s manganese rail infrastructure upgraded

Multidisciplinary professional firm WSP has completed a comprehensive upgrade of diversified miner South32’s manganese rail infrastructure in the Northern Cape. The project was carried out by WPS’s... 

Botswana Diamonds gets environmental approval to drill in the Kalahari

Aim-listed Botswana Diamonds has received environmental authorisation from the Botswana Department of Environmental Affairs and the Ministry of Environment and Tourism to drill its two targets in... 

Ariana identifies several additional opportunities at Zimbabwe project

Aim-listed Ariana Resources has identified several opportunities in the course of exploration being undertaken across the company’s 100% held Dokwe gold project, in Zimbabwe, focusing on areas for... 

Former gold mineworkers urged to check for eligibility for lung damage compensation

The Tshiamiso Trust has urged all former gold mineworkers and their families to check if they are eligible to lodge a claim to be compensated for permanent lung damage from silicosis or... 

Barloworld optimistic of prospects for 2025, but cautions about impact of geopolitical risk

JSE-listed Barloworld reported a 7% year-on-year decline in revenue to R41.9-billion for the 12 months ended September 30. Barloworld group CEO Dominic Sewela said at its financial year-end results... 

Hulamin improves product quality with new hot-edge inductors from Primetals

Engineering and plant construction company Primetals Technologies recently signed the final acceptance certificate with aluminium producer Hulamin following the successful installation and... 

Sibanye-Stillwater’s R43m investment in Simulacrum training facility at UJ recognised at launch

Multinational metals and mining group Sibanye-Stillwater and the University of Johannesburg (UJ) have launched the Sibanye-Stillwater Simulacrum mining facility and the Sibanye-Stillwater Centre... 

TNPA issues RfI for tugboat clean fuels pilot project

State-owned Transnet National Ports Authority (TNPA) has published a request for information (RfI) for a strategic pilot project to use green and cleaner fuels for its selected diesel-operated... 

Exploration at Rome Resources’ DRC prospect reveals significant tin mineralisation

Aim-listed tin explorer Rome Resources has revealed that results from the first two of 12 diamond drill holes at its Kalayi tin prospect, in the North Kivu province in the Democratic Republic of... 

Testwork on Kasiya graphite yields encouraging results

ASX-, Aim-, and OTCQX-listed Sovereign Metals has reported encouraging initial results from traditional market downstream testwork conducted by independent consultancy ProGraphite, in Germany. The... 

Segele mine inaugurated in Ethiopia

Euronext- and Frankfurt-listed Akobo Minerals, alongside the Ethiopian government, has announced the official inauguration of the Segele mine, in the Gambella region. Ethiopian PM Abiy Ahmed joined... 

Russian war machine funded by illicit gold trading, WGC report states

Russian State-funded private military company (PMC) Wagner Group is one of the greatest beneficiaries of illicit gold trading, a new report published by the World Gold Council (WGC) shows.... 

Bushveld suspends trading after failing to secure funds

Vanadium producer Bushveld Minerals has suspended the trading of its shares on the Aim market of the LSE after it failed to secure additional funds to address its liquidity position. The company... 

Iron-ore prices to remain at about $100/t in 2025, BMI says

Market research firm BMI, a Fitch Solutions company, has maintained its 2025 iron-ore price forecast at an average of $100/t, expecting continued downward pressure owing to weak demand stemming... 

Lobito Atlantic Railways takes delivery of 275 new container wagons

The first batch of 275 new container wagons bought from Galison Manufacturing in South Africa has arrived in Lobito, Angola, to reinforce the transport capacity of the Lobito Atlantic Railway... 

JSE censures, bans, fines Thabi Leoka

The JSE has decided to impose a public censure on Thabi Leoka, the former independent nonexecutive director of listed companies Remgro, Netcare and Anglo American Platinum, along with a fine of... 

Rio Tinto invests $16m in anti-deforestation project in Madagascar

Diversified miner Rio Tinto has committed $16-million to the Makira Natural Park’s Reducing Emissions From Deforestation and Forest Degradation in Developing Countries (REDD+) project, in northern... 

Level crossing incidents not only cost lives but also the economy, TFR CEO says

Railway safety incidents, such as pedestrian and vehicle collisions at level crossings, are not only tragic but are severely undermining South Africa’s rail recovery plans, Transnet Freight Rail... 

National Treasury publishes Phase 2 carbon tax discussion paper for public comment

National Treasury has published a carbon tax discussion paper for public comment, outlining Phase 2 of the carbon tax. Government announced its intention to do this in the 2024 Budget presented in... 

WSP’s digital-first approach played key role in building manganese rail infrastructure for South32

Multidisciplinary professional firm WSP has completed a comprehensive upgrade of diversified miner South32’s manganese rail infrastructure in the Northern Cape. The project was carried out by WPS’s... 

Production ramp-up leads Mantengu to report big increase in interim revenue, profits

JSE-listed Mantengu Mining has reported a R102.8-million year-on-year increase in revenue from R13.1-million for the six months ended August 2023 to R115.9-million for the equivalent period this... 

Lotus completes its drilling programme at Letlhakane

ASX- and OTCQX-listed Lotus Resources has completed its infill and exploration drilling programmes at the Letlhakane uranium project, in Botswana. The company reported on November 12 that it had... 

Mbe exploration indicates wider zones of mineralisation

Aim-listed Oriole Resources has reported that full channel sampling results from Phase 2 infill trenching at the MB01 prospect at its 80%-owned Mbe gold project, in Cameroon’s Adamawa region,... 

Harmony reports flat production but improved cash flow from higher grades

JSE- and NYSE-listed Harmony Gold has reported relatively flat year-on-year gold production but announced significant improvements in operational cash flow owing to enhanced recovery grades. In its... 

JET Funding Platform to close first application window on Dec 15

The Just Energy Transition (JET) Funding Platform, launched on October 25, will close its first window for applications on December 15, according to JET Funding Platform analyst Mohlokoa Ngoasheng.... 

Funding in place for Lotus to restart Kayelekera production

The successful placement of A$130-million, along with A$25-million cash on hand at the end of September, as well as an imminent share purchase plan (SPP), have ensured that ASX- and OTCQX-listed... 

Minerals Council notes easing of mining input cost increases in September

The Minerals Council South Africa’s index for mining input costs showed continued easing in September, with a year-on-year increase of 3.6%, down from 5.2% in August. This downward trend is...