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Tasneem Bulbulia is a Creamer Media Senior Contributing Editor Online for Engineering News and Mining Weekly.
MC Mining achieves interim revenue growth despite challenging coal market
Coal miner MC Mining’s strong revenue growth through the six months ended December 31, 2023 were “very pleasing” considering the challenging coal market, MD and CEO Godfrey Gomwe avers. During the...
Thungela launches fish breeding facility in wake of mine-affected water spill
Coal producer and exporter Thungela on February 23 launched a fish breeding facility at the Loskop Dam Nature Reserve, in Mpumalanga. The facility was pursued in congruence with efforts to restore...
Resolute Mining maintains mineral resources owing to exploration success
ASX- and London-listed Resolute Mining has published its Annual Ore Reserve and Resource Statement as at December 31, 2023, which indicates that total mineral resources have been maintained at...
Kavango to start earning revenue from Zimbabwe project
London-listed Kavango Resources has formed a new subsidiary in Zimbabwe, Kavango Mining, which will become its mining arm in the country. Moreover, the company has signed its first contract to...
Mining-sector trade unions dismayed by retrenchments
Trade unions the Association of Mineworkers and Construction Union (AMCU) and the National Union of Mineworkers (NUM) have expressed their dissatisfaction with the plans announced by various mining...
Mantengu to issues shares to settle R7.5m creditors balance
JSE-listed Mantengu Mining will issue 4.98-million shares to its creditors, to settle its R7.5-million creditor balance. This comes as certain parties to loan contracts, which the company...
Ionic nearing first production in Uganda
ASX-listed Ionic Rare Earths has completed construction and commissioning of Phase 1 of the technical facility and demonstration plant at its Makuutu rare earths project, in Uganda. Makuutu is...
Gold Fields completes divestment of interest in Ghana gold mine
Gold miner Gold Fields has concluded the sale of its 45% effective interest in the Asanko mine, in Ghana, to Galiano Gold for $170-million plus a 1% net smelter royalty (NSR) on future production...
Kefi raises £495 916 as part of capital raise for Tulu Kapi
Aim-listed Kefi Gold and Copper, which owns projects in Ethiopia and Saudi Arabia, announces that a retail offer through PrimaryBid has been successfully completed, raising gross proceeds of about...
Firering completes RC drilling campaign at Côte d’Ivoire project
Aim-listed Firering Strategic Minerals has completed a 3 000 m reverse circulation (RC) drilling campaign at Atex, its flagship lithium project, in Côte d’Ivoire. The campaign entailed the drilling...
Merafe’s shares rise on higher earnings expectations
The share price of JSE-listed Merafe Resources increased by more than 15% on the morning of March 4, after the company informed shareholders that it was likely to report higher earnings for the...
Tackling illegal mining key to sustainability of the mining industry
Illegal mining is one of the biggest constraints threatening the sustainability of the South African mining industry and, while this challenge is considerable, it is not insurmountable. There are...
ARM warns of lower interim earnings on the back of lower prices
Diversified miner African Rainbow Minerals (ARM) says it expects its headline earnings for the six months ended December 31 to have decreased by between 40% and 50% year-on-year to between...
FEED study confirms exceptionally good economics for Aura’s Mauritania project
ASX- and Aim-listed Aura Energy’s recently completed front end engineering design (FEED) study for the Tiris uranium project, in Mauritania, has confirmed “excellent” economic returns, the company...
Thungela launches fish breeding facility in Mpumalanga
Coal producer and exporter Thungela on February 23 launched a fish breeding facility at the Loskop Dam Nature Reserve, in Mpumalanga. The facility was pursued in congruence with efforts to restore...
Appian appoints UK politician as strategic adviser; forms partnership with SAFE
Investment adviser Appian Capital has appointed Dominic Raab as senior strategic adviser on global affairs. In this newly created role, he will support Appian on geopolitical strategy and risk,...
Perseus enters into co-investment cooperation agreement with Saudi company
ASX- and TSX-listed Perseus Mining has entered into a cooperation agreement with Ajlan & Bros Mining & Metals Company (ABM), the mining division of Saudi Arabia-based investment conglomerate...
Sibanye incurs $2.58bn in impairments on lower metals prices
Multinational mining and metals processing group Sibanye-Stillwater has incurred impairments of $2.58-billion, or about R47.45-billion, for the 2023 financial year, on the back of the deterioration...
South Africa’s IDC begins due diligence work for Qala Shallows project funding
South African development finance institution the Industrial Development Corporation (IDC) has begun work to complete its due diligence investigation as part of its proposed R300-million (about...
Unions express dismay over mining sector retrenchments
Trade unions the Association of Mineworkers and Construction Union (AMCU) and the National Union of Mineworkers (NUM) have expressed their dissatisfaction with the plans announced by various mining...
Kumba weathers headwinds but 490 jobs at risk as it reconfigures business
Anglo American subsidiary Kumba Iron Ore delivered solid operational and financial results for the year ended December 31, 2023, despite macroeconomic challenges; however, about 490 jobs could be...
UCT research aims to help stakeholders mitigate mine closure risks
Research published in the International Journal of Mining by University of Cape Town (UCT) Future Water Institute academic Dr Megan Cole has indicated that 48 of South Africa’s 230 operating mines...
Copper 360 raises about R100m in additional funding
JSE-listed Copper 360, formerly Big Tree Copper, has raised additional funding of R99.8-million through the issue of shares for cash on certain terms and conditions, aligned to the company’s...
Lucara signs new ten-year diamond sales agreement with HB Group
Canadian mining company Lucara Diamond Corp has entered into a new diamond sales agreement (NDSA) with processer and trader HB Group out of Antwerp, Belgium, in respect of qualifying “special”...
Vedanta starts provision of funding to KCM in Zambia
Global natural resources company Vedanta Resources has started providing funding to Konkola Copper Mines (KCM), in Zambia, and has disbursed its first $25-million for employee salaries, contract...
Long stop date for Xtract’s disposal of Mozambique project extended
Aim-listed Xtract Resources says the long stop date in relation to the disposal of its entire interests in the Manica gold project, in Mozambique, has been extended from February 15 to February 23...
First Quantum exercises option over two licences in Zambia
Canada-based First Quantum Minerals (FQM) has exercised its option over the remaining two licences in the Central Africa Copperbelt from an object agreement with London-listed African Pioneer’s...
Geopolitical unrest to cause volatility for commodities – RMB
With geopolitical instability persisting globally, especially in the form of conflict between Russia and Ukraine and in the Middle East, commodities are set for a volatile year, and the risk of...
Updated MRE for Sylvania’s Volspruit project shows improved grades
Aim-listed Sylvania Platinum has announced the completion of a mineral resource estimate (MRE) update for its Volspruit project, located on the Northern Limb of the Bushveld Complex in South...
Energy transition driving continued surge in metals, mining M&A activity
The ongoing surge in mergers and acquisitions (M&A) activity in the metals and mining sector is expected to continue into this year, driven by the global energy transition, with industry players...
Premier to raise £2.48m for its Zulu project
Aim-listed Premier African Minerals intends to raise £2.48-million before expenses through a subscription to advance its Zulu lithium and tantalum project. “This placement assures Zulu of plant...
Sean Wade to be appointed Katoro chairperson subject to due diligence
Aim-listed Katoro Gold has announced the proposed appointment of Sean Wade as nonexecutive chairperson of the company, conditional only on the satisfactory completion of stock market due diligence,...
Shuka settles legacy dispute with Upendo Group over Tanzania licence
Aim-listed Shuka Minerals, previously known as Edenville Energy, has signed a definitive settlement agreement with Upendo Group, which holds a historic residual 10% interest in the Rukwa coal...
Urgent policy reforms the only way to save the mining sector, says Old Mutual Investment Group
It is policy uncertainty that is deterring investors from investing in the country’s mining sector and structural reform is needed to allow the sector to regain competitiveness, Old Mutual...
Philip Kotze steps down from Orion Minerals board
JSE- and ASX-listed Orion Minerals has accepted the resignation of Philip Kotze from the board, with immediate effect. During the past several months, Orion has undertaken a review of its board’s...
First Quantum in talks with utility to improve Zambia’s grid efficiency
Stabilisation of the national power grid is a prerequisite to increasing Zambia’s copper production to three-million tonnes a year, says miner First Quantum Minerals (FQM). Ensuring that power was...
Pan African on track to deliver full-year guidance following strong interim period
Gold miner Pan African Resources delivered an “excellent” safety, production and financial performance for the six months ended December 31, 2023, which positions the group well to deliver on its...
SRK Consulting makes director, partner appointments in South African operations
Global consultancy SRK Consulting has appointed partner and principal geologist (geotechnical) Robert Armstrong as a director in its South African consulting practice. Armstrong has been with the...
Mixed bag for December mining production, sales
Mining production increased by 0.6% year-on-year in December, driven by platinum group metals (PGMs) and coal, Statistics South Africa principal survey statistician Juan-Pierre Terblanche outlines....
Perpetua receives more government funding
TSX-listed Perpetua Resources’ wholly owned subsidiary, Perpetua Resources Idaho, has been conditionally awarded up to $34.6-million in additional funding under the existing Technology Investment...
Arizona’s Prairie pilot plant in final phase, performing well
The direct lithium extraction (DLE) pilot plant at the Prairie project in Saskatchewan, Canada has processed more than 200 000 ℓ of brine, and has produced “exceptional” results during operations...
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