Kropz reveals restructuring plans to simplify debt, boost operational progress

Aim-listed phosphate producer Kropz has announced plans to restructure its finances and raise additional funds to support its projects. This move is aimed at simplifying the company’s debt... 

Volt engages Tanzania govt on shareholder agreement for Bunyu

ASX-listed graphite producer and battery materials developer Volt Resources is actively engaging with Tanzania's Ministry of Minerals to finalise a shareholder agreement and framework agreement... 

Completed confirmation drilling at Okiep firm up copper resource for Orion

JSE- and ASX-listed Orion Minerals has successfully completed confirmation drilling at Okiep in the Northern Cape, with results confirming the high quality of a large historical drilling database... 

SEW-EURODRIVE to invest R380m in new Joburg drive service, repair facility

Drive technology manufacturer SEW-EURODRIVE has announced an estimated R380-million investment into a new service and repair centre to be built adjacent to its current facilities in Aeroton,... 

SEW-EURODRIVE ‘closes the loop’ with more diverse range of drives, automation, sustainability solutions

Power train solutions company SEW-EURODRIVE has announced that it is rolling out a wider selection of planetary drives as part of its ‘close the loop’ strategy, geared at servicing more industry... 

No interim dividend for Tshipi shareholders, Jupiter declares

Given the ongoing volatility in the manganese market, including sharp price contractions in recent weeks, the board of ASX-listed Jupiter Mining’s flagship Tshipi manganese mine, in the Northern... 

M&R reaches debt repayment agreement with banking consortium

JSE-listed Murray & Roberts (M&R) has reached an agreement with a consortium of South African banks to repay R409-million in debt. The debt, which peaked at about R2-billion in April 2023, has been... 

Andrada reports 83% y/y increase in revenue

Aim- and OTCQB-listed critical raw materials producer Andrada Mining has reported an 83% year-on-year increase in revenue for the 2024 financial year ended February 29, on the back of increased tin... 

Anglo partners with fertiliser companies to develop polyhalite market in China

Diversified mining major Anglo American has signed memorandums of understanding (MoUs) with two major Chinese fertiliser companies Sinochem Fertilizer and BeiFeng to further develop the market for... 

Eyes, ears still the most vulnerable to occupational harm, expert says

Eyes and ears remain the most frequently injured body parts of workers claiming compensation for occupational injuries and diseases in the South African mining and industrial sectors, insurance... 

Resolute in a strong cash position at midyear, on track to meet full-year guidance

Australia- and London-listed Resolute Mining has reported a robust net cash position of $96.6-million and remains fully unhedged as of June 30. With the release of Resolute's financial results for... 

CoJ wants unified forum to address illegal mining scourge

The City of Johannesburg's (CoJ’s) Environment and Infrastructure Services Department (EISD) has called for the establishment of a unified forum to address illegal mining, emphasising the need for... 

Transnet rolling out novel outcomes-based security approach to protect its infrastructure

State-owned Transnet is implementing a novel outcomes-based security (OBS) approach to combat the high levels of theft and vandalism on its rail network, chief security officer Ashwin Govind has... 

TPT recovery on track but can be better, CE says

State-owned Transnet Port Terminals (TPT) CE Jabu Mdaki has expressed satisfaction with the company's progress in meeting its Phase 1 recovery plan targets, while also acknowledging the need for... 

TFR managing less than half of its maintenance investment requirements

State-owned Transnet Freight Rail (TFR) is meeting less than half of its necessary maintenance investment, with inflation significantly expanding the gap in year-on-year funding requirements.... 

Freight rail underperformance cost South Africa’s bulk mining sector R140bn in the last super cycle

Owing to domestic logistics constraints, South Africa’s coal and iron-ore bulk mining sectors were unable to capitalise on the last super cycle from 2021 to 2023, resulting in an estimated... 

Base Resources reports 50% y/y revenue decline

ASX- and Aim-listed mineral sands producer and developer Base Resources has reported revenue of $135.1-million for the financial year ended June 30, which is a 50% reduction on revenue reported for... 

Gold Fields appoints new CFO

JSE-listed Gold Fields has appointed Phillip Anthony Murnane as CFO and executive director. He will be based at the Gold Fields corporate office in Johannesburg. 

ARM warns of an up to 50% y/y decrease in headline earnings

JSE-listed African Rainbow Minerals (ARM) has warned that its headline earnings for the 2024 financial year are expected to decrease by between 40% and 50% year-on-year to between R4.49-billion and... 

BMI revises 2024 iron-ore price forecast lower to $110/t

Market analysis firm BMI, a Fitch Solutions company, has revised down its 2024 iron-ore price forecast from an average of $120/t to $110/t, as subdued demand in mainland China amid the ongoing... 

First A-grade copper cathode produced at Tschudi in four years

London Metal Exchange (LME) A-grade copper cathode has been produced at Consolidated Copper Corp’s (CCC’s) Tschudi facility, in Namibia, for the first time in four years. For a copper cathode to be... 

Mantengu regains control over Goudini chrome operations

JSE-listed Mantengu Mining has announced that its subsidiary Meerust Chrome has regained full operational control over the chrome mining and processing environment on the Goudini farm in the North... 

Sibanye secures €500m green loan to develop its Keliber lithium project

JSE- and NYSE-listed Sibanye-Stillwater has executed a €500-million green loan financing facility for its Keliber lithium project, in Finland, through its subsidiary Keliber Technology Oy. The... 

Zimplats' revenues fall on softer metal prices

Platinum miner Zimplats has reported a 20% year-on-year decrease in revenue, dropping from $962.3-million at the end of the 2023 financial year to $767.1-million at the close of the 2024 financial... 

Altona appoints new chairperson

London-listed rare earth elements exploration and development company Altona has appointed Simon Charles chairperson, with immediate effect. Charles is a Marriott Harrison solicitor and senior... 

Aveng demerger signals possible exit from South African market

Construction, engineering and contract mining group Aveng has outlined plans to split its Australian and South African operations into two separate and independent entities. This demerger, which... 

Kamoa-Kakula’s Phase 3 concentrator reaches commercial production

Dual-listed Ivanhoe Mines’ Phase 3 concentrator at the Kamoa-Kakula Copper Complex, in the Democratic Republic of the Congo (DRC), has reached commercial production, the company announced on August... 

Thungela’s underwhelming interim results attributed to coal price dips, rail inefficiencies

Coal producer Thungela has blamed an unfavourable price environment across the Richards Bay and Newcastle Benchmark coal prices, together with the continued underperformance by State-owned Transnet... 

Madison CEO urges investors to buy uranium equities while prices are low

Uranium resource developer Madison Metals CEO Duane Parnham has urged investors to take advantage of the low price of uranium equities before it starts to rise again. “Uranium equities have... 

Master Drilling warns of lower earnings ahead of interim results release

JSE-listed Master Drilling has warned that its earnings per share (EPS) for the six months ended June 30 are expected to be between 6c and 40.3c a share – between 76.5% and 96.5% lower than the EPS... 

Aggressive scrap metal policies should be based on transparent data, not conjecture, expert says

Significant alterations to existing scrap metal regulations and outright bans – albeit temporary – on the trade of certain scrap metals should not be made without access to transparent and accurate... 

Capital’s interim revenue up 9.8% y/y

Mining services company Capital has announced first-half revenue of $169.4-million, marking a 9.8% increase from $154.3-million in the 2023 interim period. The company's full-year revenue guidance... 

Aura completes restructuring of offtake agreement with Curzon

ASX- and Aim-listed Aura Energy has completed the restructure of its uranium offtake agreement with Curzon Uranium, which has increased the price receivable for planned uranium production at the... 

More investment in copper production outside of China needed

Copper demand is expected to rise by 75% to 56-million tonnes by 2050, necessitating substantial investment, a new report by data analytics firm Wood Mackenzie shows. The firm says that, as major... 

Eyes, ears still the most vulnerable to occupational harm, expert says

Eyes and ears remain the most frequently injured body parts of workers claiming compensation for occupational injuries and diseases in the South African mining and industrial sectors, insurance... 

Higher gold price boosts DRDGOLD’s full-year revenue

JSE-, ASX- and NYSE-listed DRDGOLD has reported a 14% year-on-year increase in revenue to about R6.24-billion for the financial year ended June 30, which the company said was mainly owing to a 20%... 

Processing operations under way at Tirupati’s Vatomina graphite project

Following the start of full-scale mining operations at Vatomina, in Madagascar, on July 28, specialist flake graphite company Tirupati Graphite confirmed on August 13 that processing operations... 

First copper concentrate produced from Jubilee’s Roan front-end module

Diversified metals producer Jubilee Metals has announced the first production of copper concentrate from the front-end module at its Roan concentrator facility in Zambia. The copper concentrate... 

NextSource appoints new downstream operations executive VP

TSX- and OTCQB-listed NextSource Materials has announced the appointment of Dr Tilo Hauke as downstream operations executive VP, effective October 1. Hauke joins NextSource from US- and... 

Lucara sold 76 387 ct during the second quarter

Diamond producer Lucara Diamond Corp sold 76 387 ct of diamonds, generating $41.3-million in revenue, during the second quarter ended June 30. The company recovered 92 419 ct of diamonds at a grade...