Gemfields sells Fabergé for $50m

Gemstone miner Gemfields has signed an agreement to sell its entire interest in wholly-owned luxury brand Fabergé to SMG Capital for $50-million. Of that sum, $45-million is payable to Gemfields by... 

Caledonia reports strong second quarter

NYSE- and Aim-listed gold miner Caledonia Mining delivered a strong quarter ended June 30, with record second-quarter gold production at its Blanket mine, in Zimbabwe, and a considerable increase... 

Sanral signs R7bn loan deal with New Development Bank

The South African National Roads Agency Limited (Sanral) on July 22 signed a R7-billion loan agreement with multilateral development bank the New Development Bank (NDB) to support the agency’s... 

Transnet, Hotazel Manganese Mines sign 10-year export agreement

State-owned Transnet and Hotazel Manganese Mines (HMM), a joint venture operated by a wholly-owned subsidiary of South32, have signed a ten-year contract under the third phase of the Manganese... 

Jubilee progressing Zambia strategy

Diversified metals producer Jubilee Metals has reported significant progress across its Zambia portfolio, which has in place all the assets the company needs to maintain the momentum on its copper... 

Rio Tinto reports progress in achieving global tailings management standard conformance

Diversified miner Rio Tinto chief technical officer Mark Davies says the group has worked hard over the past five years to bring its tailings facilities into conformance with the Global Industry... 

Askari complete technical due diligence at Ethiopia project

ASX-listed Askari Metals has completed technical due diligence on the Nejo gold and copper project, in Ethiopia, a key condition precedent for settlement of the acquisition, subject to shareholder... 

Lotus receives ESIA certificate for Kayelekera mine

ASX-listed Lotus Resources’ 85%-owned subsidiary Lotus (Africa), the owner of the Kayelekera uranium project, in Malawi, has received the environmental- and social-impact assessment (ESIA)... 

Implats improves units costs during full-year, but production volumes decrease

JSE-listed Impala Platinum (Implats) says it delivered a “commendable” performance across its mining and processing assets for the full-year ended June 30. Unit costs benefitted from easing input... 

Registrations open for Mintek-Science Convention for Innovators

National mineral research organisation Mintek has called on young researchers to register for the second yearly Mintek-Science Convention for Innovators (SCi), a national platform for emerging... 

Canyon completes first drawdown from credit facility to progress Cameroon project

ASX-listed Canyon Resources has completed the first drawdown from its $140-million credit facility with AFG Bank Cameroon after satisfying the required drawdown conditions, with the initial... 

FFF Carbon to host responsible coal-fired power generation discussion

As part of its Colloquia in Energy, Economics and the Environment, nonprofit organisation FFF Carbon will host its first series, “Power Generation: Opportunities for responsible coal-fired power... 

Two Copper 360 directors resign from board amid restructuring process

Gordon Thompson and Quinton Adams have resigned from the board of JSE-listed Copper 360 with effect from July 31, as a consequence of the company restructuring its management, operational and... 

Blencowe signs graphite offtake agreement with UK-based firm

London-listed Blencowe Resources has signed a nonbinding agreement for the offtake of natural fine flake concentrate from its Orom-Cross graphite project, in Uganda, with UK-based advanced... 

Thermo Fisher Scientific, SAMRC, DSTI launch new scientific training facility

Life-science and clinical research company Thermo Fisher Scientific, Department of Health entity the South African Medical Research Council (SAMRC) and the Department of Science, Technology and... 

Endeavour on track to meet guidance following strong first half

London-listed Endeavour Mining recorded a strong second quarter, capping an “excellent” first half of the year with 647 000 oz of gold produced at an all-in sustaining cost (AISC) of $1 281/oz,... 

Ivanhoe reports second-quarter profit, despite DRC flooding challenges

Base and precious metals miner Ivanhoe Mines reported a second-quarter profit of $35-million and adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) of $123-million,... 

Price, liquidity poses risks to gold accumulation strategy – BMI

The recent trend towards accumulating gold as a means of reserve diversification in sub-Saharan Africa and emerging markets more broadly is not without risk, with the two primary ones being price... 

Switch Metals making progress at Issia project

London-listed Switch Metals reports that significant progress is being made at its district-scale Issia tantalum project, in Côte d'Ivoire. The company has been conducting exploration at its... 

Resolute delivers on growth initiatives, cash flows for the second quarter

ASX-listed Resolute Mining continued to deliver during the second quarter, ended June 30, including advancing its strategic growth initiatives at the Syama operation, in Mali, and the Mako... 

Botswana Diamonds awarded AI-identified acreage

London-listed Botswana Diamonds has been awarded four prospecting licences in Botswana following an extensive country-wide AI-driven exploration programme which generated several highly prospective... 

Kavango releases technical update for Zimbabwe project

London-listed Kavango Resources has presented a technical update on the ongoing structural work on its Hillside project, in Zimbabwe. The analysis and insights are provided by the technical team in... 

Sovereign highlights successful results from Malawi project testwork

Sovereign Metals announces that the latest testwork on graphite from its Kasiya rutile/graphite project, in Malawi, has delivered “highly successful” results. The testwork focused on optimising the... 

Perseus records strong operational, financial performance for the June quarter

ASX-listed Perseus Mining’s strong operational performance in the June quarter enabled it to grow its cash and bullion balance to $827-million Quarterly gold production of 121 237 oz at a weighted... 

New recommendations aim to unlock renewable-energy investment in South Africa

Global corporate renewable energy initiative RE100 and South African sustainable growth and development coalition the National Business Initiative (NBI) on July 8 launched their joint 'South... 

Speakers outline Eskom’s transition approach at energy industry day

State-owned power utility Eskom has adopted a “forward-looking” strategy that is designed to tackle the current pressing challenges in the electricity sector, while positioning the entity as a... 

Askari identifies high-grade copper mineralisation at Ethiopia project

ASX-listed Askari Metals says analysis of historic drilling at the Katta target of its recently acquired Nejo gold project, in Ethiopia, has identified significant high-grade copper mineralisation.... 

Deep Yellow continues to progress Namibia project development

ASX-listed Deep Yellow continues to make “solid progress” across all key areas of project development at its flagship Tumas project, in Namibia, including engineering, procurement, site... 

Jubilee reports strong fourth-quarter production performance

Diversified metals producer Jubilee Metals has published its South African operational and project update for the fourth quarter ended June 30, with the company highlighting a strong production... 

Premier provides further update on Zulu lithium plant

Aim-listed Premier African Minerals has provided an update on completion of the initial flotation plant test run at the Zulu lithium and tantalum project, in Zimbabwe, following the installation of... 

Valterra warns of lower first-half earnings on lower sales, demerger costs

Platinum group metal (PGM) miner Valterra Platinum, previously Anglo American Platinum (Amplats), expects to report a 76% to 88% year-on-year decrease in headline earnings and headline earnings per... 

29Metals progresses projects in June quarter

ASX-listed 29Metals has highlighted progress at its assets in Australia for the June quarter. CEO James Palmer says momentum is building at the Gossan Valley mine, with receipt of final project... 

Bureau gives go-ahead for Solidus to build its Spring Valley gold mine

Precious metals royalty and streaming company Sailfish Royalty announces that on July 15, the US Bureau of Land Management approved Solidus Resources’ Spring Valley gold mine project, in Pershing... 

Thor Medical progresses cancer treatment in partnership with Steenkampskraal

Thor Medical, which is working in a partnership with South Africa’s Steenkampskraal monazite mine (SMM), has made progress in cancer treatment through targeted thorium-based alpha therapy.... 

Sibanye-Stillwater, Harmony maintain inclusion in FTSE4Good Index Series

Multinational mining and metals processing group Sibanye-Stillwater has announced its continued inclusion, since 2016, as a constituent in the FTSE4Good Index Series, while gold miner Harmony Gold... 

DY6 accelerating Cameroon exploration with placement, CEO appointment

ASX-listed DY6 Metals has received firm commitments for a placement to raise $4.63-million to drive exploration activities at the company’s portfolio in Cameroon. Funds raised from the placement... 

TNPA unveils new multi-purpose vessel

Transnet National Ports Authority (TNPA) on July 7 unveiled a R120-million new locally built multi-purpose vessel, which the entity says is a crucial addition to its marine fleet at the Port of... 

Valterra Platinum bullish about platinum outlook

Valterra Platinum, previously Anglo America Platinum (Amplats), is confident about the future of the platinum group metals (PGMs) market and confident that the newly demerged company is well... 

Gautrain Management Agency’s shift in focus leads to overhaul in extension plan

The Gautrain Management Agency (GMA) is pursuing a new strategy to play a broader role in the country’s transport ecosystem and align to the province’s 25-year Integrated Transport Master Plan... 

Traka warns its stake in Guinea project at risk

ASX-listed Traka Resources has received a notice from its project partner Alamako Resources, purporting to terminate the partnership agreement entered into on April 18 relating to the exploration...