Four central banks sign London Principles to formalise artisanal small-scale gold mining sector

The World Gold Council (WGC) has announced that four central banks have committed to signing ‘The London Principles’, which is a set of operating principles to help structure and formalise central... 

Anglo paid $23.5bn in taxes, economic contributions in 2023

Diversified mining major Anglo American paid about $23.5-billion in total tax and economic contributions throughout its global operations during 2023, a decrease from about $24.5-billion in 2022.... 

Hummingbird expects Kouroussa to reach commercial production in the third quarter

Despite unexpected challenges at Aim-listed Hummingbird’s Kouroussa gold mine, in Guinea, over the past year, including the fire at the national fuel depot in Conakry and the temporary suspension... 

Andrada signs deal to restructure Uis Tin Mining Company

Dual-listed Andrada Mining has executed a legally binding agreement to restructure Uis Tin Mining Company (UTMC), the operational Namibian entity that holds the ML133, ML134 and ML129 mining... 

Petra shares plans to reduce operating costs, appoints new CFO

London-listed Petra Diamonds has shared its plan for a sustainable reduction of $30-million a year in operating costs from the 2025 financial year, as well as a smoothing of its development and... 

Akobo completes processing plant, starts commissioning in Ethiopia

Scandinavia-based gold exploration and mining company Akobo Minerals has successfully completed the construction of its processing plant and has started commissioning activities at its operation in... 

Madison confirms high-grade uranium deposits after completing maiden drill programme at Khan

Uranium exploration company Madison Metals has completed its maiden reverse circulation (RC) drill programme of 997 m over nine holes at its Khan uranium project at Madison West, located in... 

Exxaro warns of price, production dip in first half

Diversified miner and renewable energy company Exxaro Resources expects to report lower coal and iron-ore prices, as well as lower production, for the first six months of this year. With respect to... 

Liberty extends deadline for retrenched Optimum workers to apply for reemployment

Coal mining company Liberty Coal has confirmed that it will be extending the deadline for former Optimum Coal Mine (OCM) employees to submit their applications for reemployment. The company said on... 

Andrada reports higher tin, tantalum production for the quarter ended May 31

Aim-listed Andrada Mining, which owns operations in Namibia, has announced a 14% quarter-on-quarter increase in saleable tantalum concentrate production to 9 t for the quarter ended May 31, which... 

WAF draws down $265m loan to build Burkina Faso gold project

ASX-listed unhedged gold mining company West African Resources (WAF) has fully drawn down the $265-million secured loan facility from Sprott Resource Lending and Burkina Faso-based Coris Bank... 

Streamlined PPP framework could unlock infrastructure investment

In February, the National Treasury asked for public comments to be submitted in respect of the newly drafted amendments to the National Treasury Regulations (NTR) 16, and key elements of municipal... 

Dwyka, Deep Tech highlight new drone technology at showcase

Mining technology company Dwyka Mining Services and its sister company Deep Tech have announced the launch of several new drone technology services through its partnerships with drone technology... 

South African manufacturer to provide 275 new container wagons to Lobito railway project

Joint venture (JV) company Lobito Atlantic Railway (LAR), which is the concession holder for the operation, management and maintenance of the Lobito Corridor spanning Zambia, Angola and the... 

Aton further develops Abu Marawat gold concession with promising results

TSX-V-listed gold exploration and mining company Aton Resources has recently carried out further sampling and mapping programmes over several regional targets at the company’s Abu Marawat... 

Diamcor seeks to extend closing of second tranche of revised private placement

Diamond mining company Diamcor Mining is seeking to extend the closing of the second tranche of its non-brokered revised private placement following its announcement on June 4 that it had closed... 

Africa Finance Corporation signs MoU with Alstom to deliver rail project in the DRC

Infrastructure financier the Africa Finance Corporation (AFC) and sustainable mobility company Alstom have signed a memorandum of understanding to propel the development of the Kinshasa MetroKin... 

€25m leg up for mid-sized companies

Investment organisation the European Investment Bank (EIB) Global has invested €25-million into pan-African fund Amethis Fund III, which aims to provide private equity growth capital to... 

Pensana appoints new Longonjo construction manager as site works progress

Rare earths mining company Penansa has announced the appoinment of Luigi Bruni as construction manager for the site team at the Longonjo rare earths project, in Angola. Bruni brings practical... 

MRG enters into JV with Sinowin to develop mineral sands projects in Mozambique

ASX-listed MRG Metals has entered into a binding joint venture (JV) agreement with Chinese mineral investment companies Sinowin Lithium and Sinowin Lithium Cobalt (SLC) to develop its Mozambique... 

Demand for Krugerrands up as consumers diversify

Financial institution First National Bank (FNB) says it has seen strong demand from clients buying Krugerrands on its trading platforms as consumers embrace alternative asset classes to diversify... 

Aura raises Tiris uranium resource by 55%

ASX-listed Aura Energy has increased the mineral resources of its Tiris uranium project, in Mauritania, by 55% to 91.3-million pounds of triuranium octoxide (U3O8), up from the previously reported... 

Four central banks sign London Principles to formalise artisanal small-scale gold mining sector

The World Gold Council (WGC) has announced that four central banks have committed to signing ‘The London Principles’, which is a set of operating principles to help structure and formalise central... 

Tirupati confirms Lynch-Bell’s appointment as chairperson following EGM

Flake graphite company Tirupati Graphite has confirmed the appointment of Michael Lynch-Bell as nonexecutive chairperson, following a shareholder-requisitioned extraordinary general meeting (EGM)... 

Southern Palladium appoints new nonexecutive director

Dual-listed Southern Palladium has announced the appointment of Advocate Lindi Nkosi-Thomas as a nonexecutive director, effective from June 10. Nkosi-Thomas, a practising lawyer and senior counsel,... 

ESG just a new way of reporting on what mining companies have been doing for years – lawyer

When considering the challenges involved in junior mining companies living up to increasingly stringent environmental, social and governance (ESG) requirements and reporting standards, mining and... 

New surveillance technology boosts crime interceptions, arrests in Gauteng

The Gauteng provincial government (GPG) has reported a “substantial impact” on criminal activities across the province has been achieved 100 days into the rollout of its surveillance project, which... 

Mining input costs up by 7.2% y/y, Minerals Council says

The Minerals Council South Africa said on June 4 that its index of mining input costs increased by 7.2% year-on-year, matching the highest rate so far this year, which was recorded in January. This... 

Seventh administration needs to fast-track structural reforms to halt economic decline, Minerals Council says

The "concerning" economic growth dynamics across the South African mining sector should reinforce the need for the seventh administration, whatever shape it may take, to sustain and preferably... 

Many Peaks raises A$5.2m to fund gold exploration in Côte d’Ivoire

ASX-listed Many Peaks Minerals has completed a A$5.2-million equity raise within a 24-hour period from a small number of high-net-worth and institutional investors to accelerate exploration over an... 

Oriole reports improved definition of gold anomaly at Mbe in Cameroon

In an exploration update for its 80%-owned Mbe gold project in the Adamawa region of Cameroon, Aim-listed gold exploration company Oriole Resources said it had managed to significantly improve the... 

Deep Yellow selects Ausenco as preferred EPCM contractor for Tumas

ASX-listed Deep Yellow has selected contractor Ausenco Services to deliver detailed engineering and engineering, procurement and construction management (EPCM) services for the company’s flagship... 

Kavango identifies first high-priority copper drilling targets at Karakubis

The first high-priority targets have been identified for Phase 1 of drilling on London-listed Kavango Resources’ Karakubis copper project, which is situated in Botswana, on the Kalahari Copper Belt... 

Mintek titanium production technology set to improve efficiencies

National mineral research organisation Mintek’s innovative Impril process technology has achieved crucial efficiencies in titanium production, the organisation reports. Titanium oxide (TiO2) is a... 

Marula signs offtake agreement with Fujax for Larisoro manganese

AQSE-listed Marula Mining has signed a sales and offtake agreement with UK-based commodities trading group Fujax for manganese ore production from the Larisoro manganese mine in Samburu, Kenya. The... 

PGMs to face continued supply constraints, low prices – report

Precious metals consultancy Metals Focus’ new ‘Platinum Group Metals (PGM) Focus 2024’ report, which offers a comprehensive analysis of the PGM industry, indicates that the rest of the year will be... 

Zimbabwe leading sub-Saharan African lithium mining boom

The past three years have witnessed a surge in hard-rock pegmatite lithium mining activity across Southern Africa, according to consultancy firm AmaranthCX. “While Zimbabwe has emerged as the... 

Green hydrogen community development toolkit launched

Green Hydrogen South Africa (GHSA), with support from the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), has developed a community development toolkit (CDTK) to support project... 

Tsolido signs agreement with Red Cloud for liquidity services

TSX-V-listed Tsodilo Resources has retained Toronto-based financial services company Red Cloud Securities to provide liquidity services to the company. Red Cloud helps mineral exploration and... 

Xtract, Cooperlemon add three more licences to their Zambian copper prospects

London-listed Xtract Resources has entered into an addendum to restate its existing joint venture (JV) agreement with consulting firm Cooperlemon Consultancy, expanding their joint copper...