Katoro takes steps to reinvigorate the company

Aim-listed Katoro Gold, which holds mining assets in Africa, has secured new financing and is implementing business and development changes, along with board changes, to reinvigorate the company.... 

Kore’s JSE share price rises on confirmation of receipt of EPC proposal, draft contract

Triple-listed Kore Potash’s share price on the JSE surged by more than 30% on February 9 after it confirmed that PowerChina International Group had, on February 6, delivered its engineering,... 

RMB, Clairfield International ink partnership deal

Europe-based global corporate finance partnership Clairfield International and FirstRand Bank division Rand Merchant Bank (RMB), have formally agreed to partner, marking both firms’ commitment to... 

Implats warns of more than 80% decrease in interim earnings

JSE-listed Impala Platinum (Implats) expects to report an up to 83% year-on-year decrease in headline earnings for the six months to December 31, 2023, as a result of lower revenue arising from a... 

Gold mining industry striving to build on sustainability strides

Striving for sustainability in every facet of the gold mining industry’s value chain is imperative and while considerable progress has been made in several areas, including responsible practices... 

Anglo’s fourth-quarter production in line with expectations despite rail constraints

Diversified miner Anglo American’s production for the fourth quarter ended December 31, 2023, was in line with expectations and in line with production in the third quarter, despite the deliberate... 

Blencowe welcomes new African investor

Aim-listed Blencowe Resources has raised $500 000 (£392 350) from a specialist Africa-based investor through the issue of 7.8-million new ordinary shares. The investor has undertaken extensive due... 

Kenmare receives commitments for new $200m credit facility

London-listed Kenmare Resources, which operates the Moma titanium minerals mine in northern Mozambique, has received commitments in respect of a new $200-million revolving credit facility (RCF).... 

Sable Mining, IPace agree additional funding for DMS beneficiation plant

JSE-listed Sable Exploration and Mining’s subsidiary Sable Platinum Holdings (SPH) and IPace on February 2 entered into a term sheet for additional funding of R1-million payable by SPH for a dense... 

West African’s 2024 production to align with long-term mining plan

ASX-listed West African Resources expects its Sanbrado mine, in Burkina Faso, to produce between 190 000 oz and 210 000 oz of gold this year, consistent with the company’s long-term mining plan.... 

Pensana’s Longonjo MRE carbonate receives product quality approval

One of London-listed Pensana’s major potential customers has approved the product qualification specifications for Longonjo’s proposed mixed rare earth carbonate (MREC) product. Longonjo, in... 

Rainbow achieves group separation of REEs during ongoing test work in the US

London-listed Rainbow Rare Earths has made progress with the ongoing rare earth oxide separation work under way at the back-end pilot plant, which is located at the facilities of Rainbow’s... 

Bushveld meets full-year guidance, but cash flow challenges persist

Aim-listed Bushveld Minerals met its 2023 production guidance and was able to achieve a level of operational performance in the first half of the financial year, despite facing cash flow... 

IRH commits up to $1.1bn for 50% interest in Mopani Copper Mines

Aim-listed ZCCM-Investment Holdings (ZCCM-IH) has confirmed that it has entered into an agreement with International Resources Holding (IRH), which will, through its wholly-owned subsidiary Delta... 

Transnet says rail volumes recovered slightly in the last quarter of 2023

Transnet Freight Rail (TFR) says it experienced an improvement in rail volumes in the last quarter of the 2023 calendar year, as the implementation of Transnet’s recovery plan got under way. The... 

Regulator celebrates centenary of Dr Merensky’s discovery of PGM deposits in South Africa

State entity the South African Diamond and Precious Metals Regulator (SADPMR) will hold its South Africa Platinum Centenary Commemoration event in Cape Town, on February 4,  a day before the... 

Orion to benefit from fast-track strategy at Northern Cape project – analyst

ASX- and JSE-listed Orion Minerals has in place a company-making strategy of developing multiple metal producing hubs within South Africa’s Northern Cape, a richly endowed mineral province and a... 

Collaboration and grid investment key to making 2024 a turning point in SA’s power crisis

If South Africa’s energy investment programmes and reforms continue, the energy availability factor (EAF) for State-owned utility Eskom’s coal fleet does not decline, and business partnerships and... 

Bengwenyama scoping study shows attractive economics – Southern Palladium

A scoping study of JSE- and ASX-listed Southern Palladium’s 70%-owned Bengwenyama platinum group metals (PGMs) project on the eastern limb of the Bushveld Complex in South Africa shows “very... 

Lotus, A-Cap merger posited to provide uranium opportunities

ASX-listed Lotus Resources completed the implementation of the merger with A-Cap during the quarter ended December 31, which the company avers has created a “leading uranium player with significant... 

AVZ reports updated mineral resource at DRC project

ASX-listed AVZ Minerals has updated the mineral resource of its Manono lithium and tin project, in the Democratic Republic of Congo (DRC), after generating new results from the 2022 to 2023... 

Tshipi achieves record quarter production

Tshipi é Ntle Manganese Mining, in which ASX-listed Jupiter Mines has a 49.9% beneficial interest, achieved record production at the Tshipi manganese mine in the Kalahari manganese field for the... 

Geopolitical, economic uncertainty supported last year’s gold demand, price

Member organisation the World Gold Council’s (WGC) latest ‘Gold Demand Trends’ report, released on January 31, indicates that yearly gold demand – excluding over-the-counter (OTC) market demand –... 

Kefi confirms new discovery at Saudi Arabia gold project

Aim-listed Kefi Gold and Copper has confirmed a new discovery, as well as provided an operational update for the Jibal Qutman gold project in Saudi Arabia in the company's minority-owned Gold and... 

GoviEx assures shareholders it is unaffected by Niger’s mining sector audit

TSX-V-listed GoviEx Uranium has responded to recent articles published in the wider press concerning an alleged audit of the mining sector in Niger, noting that this will not affect the company.... 

Calibre completes acquisition of Marathon

TSX-listed Calibre Mining has acquired all of the issued and outstanding common shares of fellow-listed Marathon Gold, pursuant to a court-approved plan of arrangement. As a result of the... 

Phoenix to raise £2.2m for equipment, working capital

Aim-listed US-focused Phoenix Copper intends to raise about £2.2-million (before expenses) through the issue of new ordinary shares to fund the purchase of mining and processing equipment at a... 

Adventus acquires outstanding Luminex shares

Ecuador-focused copper/gold exploration and development company Adventus Mining has acquired all of the issued and outstanding common shares of Canada-based precious and base metals exploration and... 

New partnership to aid transition to clean cooking fuels in Africa

Corporate and investment bank Rand Merchant Bank (RMB) has announced a strategic partnership with climate technology company KOKO, where it has acted as the lead mandated arranger and financier for... 

TotalEnergies ups stakes in Namibia offshore blocks

Energy company TotalEnergies has signed an agreement to acquire from Impact Oil and Gas Namibia an additional 10.5% participating interest in block 2913B and an additional 9.39% participating... 

Expansion on track at Zambia project, First Quantum says

As part of its 2023 Preliminary Production and 2024 to 2026 guidance, published this week, TSX-listed First Quantum Minerals has reiterated its commitment to delivering the S3 Expansion project at... 

Red Rock progressing Central, West African projects

Natural resource development company Red Rock Resources now has four active licences in West Africa over project of “high prospectivity”, chairperson Andrew Bell says. This follows the recent... 

MIIF invests $5m to support Atlantic’s Ewoyaa project

Lithium exploration and development company Atlantic Lithium has welcomed Ghana’s sovereign minerals wealth fund the Minerals Income Investment Fund (MIIF) onto its shareholder register following... 

Caracal raises £140 000 for working capital, corporate costs

East African gold producer Caracal Gold has raised £140 000 by way of a subscription through the issue of  46.7-million new ordinary shares in the company, to be used for working capital at its... 

Zambia president Hakainde Hichilema to deliver keynote address at Mining Indaba

Zambian President Hakainde Hichilema is set to deliver a keynote address at the Investing in African Mining Indaba, which will take place from February 5 to 8 in Cape Town, South Africa. This will... 

Sovereign appoints SocialEssence to assist in progressing Malawi project

Aim- and ASX-listed Sovereign Metals has appointed specialist social performance consultancy SocialEssence to assist in the continued development of the company’s stakeholder relations, social... 

Aton reorganises management team, appoints new COO

TSX-V-listed Aton Resources has reorganised the management team at its Abu Marawat Concession in the Eastern Desert of Egypt. Robert Parr has been appointed COO and will be responsible for... 

Botswana Diamonds discovers high-grade anomaly close to KX36 in the Kalahari

BSE- and Aim-listed Botswana Diamonds has completed a gravity survey over four high-grade geophysical targets that had good magnetic response in a previous survey undertaken by the company.... 

Koryx files amended PEA for Namibia project

TSX-V-listed Koryx Copper, previously known as Deep-South Resources, announces that it has filed an amended preliminary economic assessment (PEA) technical report for the Haib copper project, near... 

Shanta exceeds its production guidance for 2023

Aim-listed Shanta Gold has surpassed its production guidance for 2023, despite a moderate slowdown at its New Luika gold mine (NLGM), in Tanzania. The company benefitted from a strong gold price...