Akobo issues NKr25.3m unsecured convertible loan

Scandinavia-based gold developer Akobo Minerals, which owns and operates the Segele gold mine, in Ethiopia, has issued an unsecured convertible loan totalling NKr25.3-million with contributions... 

Sibanye-Stillwater reports 9% y/y growth in adjusted earnings for third quarter

Diversified miner Sibanye-Stillwater has announced a 9% year-on-year increase in adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) to $184-million for the third... 

AECI to sell Much Asphalt for R1.1bn

JSE-listed AECI has announced the signing of a share purchase agreement with a consortium involving Old Mutual Private Equity (OMPE) and Sphere Investments to sell its entire ownership stake in... 

Field activities completed at Altona’s Monte Muambe

LSE-listed Altona has completed all field activities relating to a scoping study on short-term fluorspar mining at Monte Muambe, in Mozambique. The results of the study are expected to be available... 

Aura appoints Mauritania country manager

ASX- and Aim-listed Aura Energy has announced the appointment of Mohamed El Moctar Mohamed El Hacene to the newly established role of country manager Mauritania. Hacene is a qualified Mauritanian... 

Kodal, Mali govt enter MoU to finalise Bougouni transfer

Mineral exploration and development company Kodal Minerals has announced that Kodal Mining UK (KMUK), a company owned 51% by Hainan and 49% by Kodal, and the Malian government have entered into a... 

Hummingbird to receive second tranche of $20m loan

Aim-listed gold producer Hummingbird Resources is expecting to receive the second tranche of a $20-million loan facility from lender CIG in the next few days. On September 27, Hummingbird announced... 

Glencore remains on track to meet its full-year production guidance

Glencore’s full-year production guidance for 2024 has remained unchanged across all commodities, the company revealed at the release of a third-quarter production report on October 30. “[This]... 

Clean energy technology market to rival crude oil market value by 2035

Based on the current policy environment, the global market for clean energy technologies is set to rise from $700-billion in 2023 to more than $2-trillion by 2035, close to the value of the current... 

Emmerson hits brick wall in ESIA approval process, stopping Khemisset in its tracks

London-listed potash development company Emmerson has seemingly hit a dead end in the environmental- and social-impact assessment (ESIA) approval process for its flagship Khemisset potash project,... 

UP, ARM open virtual conference centre

The University of Pretoria (UP) and African Rainbow Minerals (ARM) have announced the official opening of the UP-ARM Virtual Conference Centre, aimed at enhancing collaboration between academia and... 

Additional small-scale mining licence awarded at Luansobe – Galileo

Statunga Investments has been awarded an additional small-scale mining licence for the Luansobe copper project, in Zambia, in which Galileo Resources has a 75% interest. This follows the granting... 

Atlantic Lithium raises A$10m to advance Ewoyaa

Lithium exploration and development company Atlantic Lithium has completed an institutional placement to raise A$10-million at a price of A$0.23 a share. Under the placement, a total of about... 

Neo Energy says paperwork for Henkries South acquisition will be completed by month-end

Uranium developer Neo Energy Metals has said the formal acquisition documentation for its acquisition of the Henkries South uranium project, in the Northern Cape, is progressing as planned and is... 

South Africa’s emissions to peak in 2024, reach decade low in 2030 – report

South Africa’s overall emissions will reach their peak this year and will be followed by a downward trend that will culminate in the lowest emissions this decade in 2030, the draft first 'Biennial... 

Greater coordination needed to realise green-hydrogen aspirations

Despite enthusiasm for the development of a hydrogen economy from the public and private sectors, there remains a significant lack of coordination to effectively implement projects and bring the... 

Greater coordination needed to realise green-hydrogen aspirations

Despite enthusiasm for the development of a hydrogen economy from the public and private sectors, there remains a significant lack of coordination to effectively implement projects and bring the... 

Afrimat posts 45.4% drop in operating profit after ‘extremely stressful’ first half

Although mid-tier mining and materials company Afrimat recorded a year-on-year revenue increase of 44.3%, from R2.8-billion to R4.1-billion for the six months ended August 31, its operating profit... 

Altona confirms iron-ore, copper, gold prospectivity at Zambia project

Results from a geophysical and geochemical data assessment for London-listed Altona’s new Kabompo South project, in Zambia, performed by Namibia-based geophysical services company Earthmaps... 

Akobo to secure NKr30m convertible loan

Scandinavian gold exploration and mining company Akobo Minerals has initiated a process to secure a two-year convertible loan of up to NKr30-million. The loan will offer a 20% yearly interest rate... 

Political interference undermining South Africa’s coal potential – Prevost

South Africa has the potential to be the strongest producer, user and exporter of coal on the continent, but political interference prevents this from happening, XMP Consulting senior coal analyst... 

German energy expert says energy transition a mistake

The energy transition in its current form, as a grid-scale build out of wind and solar with the goal to replace oil, coal, and gas, is probably one of the greatest mistakes that humanity has ever... 

Menar MD pushes back on request to lower prices

Coal and manganese mining group Menar MD Vuslat Bayoğlu has pushed back on a request by Energy and Electricity Minister Kgosientsho Ramokgopa’s special adviser Silas Zimu for domestic coal... 

Domestic coal suppliers asked to lower price asked of Eskom

Energy and Electricity Minister Kgosientsho Ramokgopa’s special adviser, Silas Zimu, has implored South African coal producers to temporarily sell coal to State-owned utility Eskom at a reduced... 

Positive credit rating indicates stable outlook for Northam in South Africa

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.... 

Metalkol embarks on Copper Mark assurance process

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... 

Koryx raises $9.6m in private placement, extends offer to raise $17m

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... 

Caracal confirms receipt of $600 000 in funding

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... 

Oriole encounters several new mineralised intersections at Bibemi

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... 

Neo Energy to expand its landholding in the Northern Cape

LSE- and A2X-listed Neo Energy Metals’ South African subsidiary Neo Uranium Resources South Africa (Nursa) has entered into a binding heads of agreement to acquire a 100% interest in the Henkries... 

LNG terminal enviro-impact assessment out on tender

State-owned Transnet subsidiary Transnet National Ports Authority (TNPA), in collaboration with Infrastructure South Africa (ISA) and the Industrial Development Corporation, has approached the... 

Defence industry body CEO calls for PPPs to fund SANDF projects

The CEO of the South African Aerospace, Maritime and Defence Industries association, Sandile Ndlovu, has called for the use of public-private partnerships (PPPs) to help fund defence projects in... 

Significant near-mine discoveries promise to keep Kibali going for a long time

New York- and Toronto-listed Barrick Gold has said there are significant near-mine discoveries within trucking distance of its Kibali plant in the Democratic Republic of Congo (DRC) that could... 

Msiza called upon to ‘closely monitor’ inquest into Impala accident that killed 13

The Portfolio Committee on Mineral and Petroleum Resources has called on the Chief Inspector of Mines David Mzisa to closely monitor the imminent inquest into the accident that claimed the lives of... 

DRA Global wants to delist from JSE, ASX

Mining consulting engineering company DRA Global has announced its intention to delist from both the ASX and the JSE. As part of this process, it intends to undertake an off-market equal access... 

Lotus reveals accelerated restart plan for Kayelekera uranium project

ASX- and OTCQX-listed Lotus Resources has announced an accelerated restart plan for its Kayelekera project, in Malawi, following the completion of front-end engineering design (FEED). Lotus said it... 

Sanbrado’s third-quarter output dips but is on plan

Despite a 6% quarter-on-quarter dip in third-quarter production to 47 799 oz at the Sanbrado mine, in Burkina Faso, the operations delivered according to plan, ASX-listed gold mining company West... 

Aterian reports 9.25% copper sample from newly discovered mineralised zones at Jebilet Est

LSE-listed Aterian has identified several new mineralised zones at its Jebilet Est copper project in Morocco. Among these discoveries is a copper sample that returned a grade of 9.25% from isolated... 

Costco adds platinum bullion bars, coins to its online precious metals investment offering

The world’s third largest retailer Costco has added platinum bullion bars and coins to its range of precious metals investment products.  This follows the company’s initiative to sell gold bullion... 

South Africa’s reindustrialisation requires collaboration between multiple sectors

To achieve reindustrialisation in South Africa, collaboration across industries is crucial, Kearney metals and mining global lead Igor Hulak said during the second day of the Joburg Indaba, in...