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Marleny Arnoldi is a Creamer Media Deputy Editor Online for Engineering News and Mining Weekly.
Xtract concludes Manica disposal
Aim-listed Xtract Resources has concluded the disposal of its entire interest in the Manica gold project, in Mozambique. The company in January agreed terms for the disposal of its 23% net profit...
Ironveld receives financing interest from South African lender
Aim-listed iron-ore, vanadium and titanium miner Ironveld has received a nonbinding term sheet from a South Africa-based financial institution to provide financing for its mine in South Africa’s...
Thungela warns of lower earnings on back of Ensham deal
JSE-listed coal miner Thungela Resources has informed shareholders that its earnings per share (EPS) for the year ended December 31 will be between R88 and R93 lower, at between R34 and R39 apiece,...
Perseus posts 21% increase in interim profit
ASX- and TSX-listed Perseus Mining has posted an 18% year-on-year improvement in earnings before interest, taxes, depreciation and amortisation to $280-million, as well as a 21% increase in profit...
Shipping company to help boost South African citrus exports
The Citrus Growers Association of Southern Africa (CGA) has welcomed the announcement that global liner shipping company Hapag-Lloyd will be helping to export citrus from the ports in Durban and...
Gold Fields posts higher full-year earnings, maintains dividend at R7.45
JSE- and NYSE-listed Gold Fields has declared a total dividend of R7.45 a share for the year ended December 31, with $703-million in attributable profit having been generated. The attributable...
Glencore pleased with its performance against the backdrop of lower commodity, energy prices
Global mining company Glencore has recommended a $0.13 a share, or $1.6-billion, base cash distribution to shareholders for the 2023 financial year, comprising $1-billion from marketing cash flows...
Tsodilo confirms subsidiary can proceed with PEA in Botswana following litigation
TSX-V-listed Tsodilo Resources has confirmed that its subsidiary Gcwihaba Resources can proceed with concluding a preliminary economic assessment (PEA) on a prospecting licence, in Botswana,...
Gem Diamonds recovers third diamond greater than 100 ct this year
London-listed Gem Diamonds has recovered a high-quality 113 ct white Type II diamond from the Letšeng mine, in Lesotho. This follows recoveries of a high-quality 295 ct white Type II diamond and a...
Altona diversifies into other critical materials
While London-listed Altona Rare Earths advances its Monte Muambe rare earths project, in Mozambique, the company has also decided to pursue a balanced portfolio of critical raw materials projects...
Consultancy laments R10bn/y deficit in exploration investment against govt target
Despite the South African government having set a target to attract 5% of global exploration spend within five years from 2019, the country attracted just 0.8% of global exploration spend in 2022...
SPR commits to paying full $12.5m owed to Bushveld by end-Feb
Aim-listed vanadium producer Bushveld Minerals has recieved an additional R76-million, or $4-million, from Southern Point Resources (SPR) in respect of a subscription agreement; however, SPR...
Amplats attains IRMA standard for three platinum mines in Southern Africa
Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) has passed the audit for Initiative for Responsible Mining Assurance’s (IRMA’s) comprehensive mining standard for two of its...
New Gautrain CEO starts steering strategic expansions
Gautrain Management Agency CEO Tshepo Kgobe has assumed his role as of February 1, following the company’s announcement to this effect in September last year. He previously served as COO of...
Ariana mulls further involvement in Zim project following due diligence drilling
Aim-listed Ariana Resources has completed 1Â 222 m of diamond drilling for due diligence purposes on the Dokwe gold project, in Zimbabwe. The company is targeting the Dokwe North and Dokwe Central...
Sovereign brings seasoned ESG officer on board for Kasiya development
ASX- and Aim-listed titanium and graphite miner Sovereign Metals has appointed Marco Da Cunha as lead environmental, social and governance (ESG) officer. Da Cunha has almost 20 years’ experience in...
MC Mining independent board committee advises against proposed Goldway takeover
JSE-, ASX- and Aim-listed MC Mining’s Independent Board Committee (IBC) has advised that shareholders should not accept a takeover offer from Goldway Capital Investment. Goldway in early February...
De Beers’ innovative approach to safety ensures 10m fatality-free shifts at Venetia
Diamond miner De Beers’ Venetia mine, near Musina, Limpopo, has reached 10.2-million fatality-free shifts, which safety manager Gavin Anderson deems remarkable given the mine’s transition from...
Sibanye attains A- rating for water management, climate change disclosures
JSE- and NYSE-listed Sibanye-Stillwater has attained an A- rating for its water security and climate change disclosures by Carbon Disclosure Project (CDP) for the 2023 assessment period. CDP is a...
Mintek acquires laser bed fusion 3D printer
National mineral research council Mintek has acquired a laser powder bed fusion three-dimensional (3D) printer, which positions the organisation as a unique player in the mineral processing and...
M&R Cementation unveils mock-up underground mine training facility
Mining contractor Murray & Roberts (M&R) Cementation has unveiled its new mechanised mining mock-up facility, which serves to provide equipment operators and supervisors with a more realistic...
Gold Fields to post lower production, HEPS for 2023
Ahead of publishing its full results for the year ended December 31 next week, JSE-listed Gold Fields has advised that it expects attributable gold production for the year to be 2.3-million ounces,...
Southern Palladium confirms 26-year mine life potential for Bengwenyama project
ASX- and JSE-listed Southern Palladium finds in a scoping study that the Bengwenyama platinum group metals (PGMs) project, in the Bushveld Complex of South Africa, has the potential for a 26-year...
Harmony retains ‘A’ score for water management
Gold miner Harmony Gold has maintained its Carbon Disclosure Project (CDP) score of ‘A’ for its water management during the 2023 assessment period. CDP is a global nonprofit organisation that...
Bezant advances early works at Namibia project
In anticipation of being granted a mining licence, Bezant Resources continues with exploration on its 70%-owned Hope and Gorob copper/gold project in central Namibia. The company has also submitted...
Standard Bank forecasts rapid solar finance demand growth
Financial services provider Standard Bank foresees continued massive demand for solar and energy-related products this year, after seeing a 400% growth in demand for LookSee’s solar installation...
2023 was record year for global solar installations – association
Africa Solar Industry Association (Afsia) finds in its fourth yearly ‘Solar Outlook’ report that 350 GW of solar power were added in 2023, marking the highest year for solar photovoltaic (PV)...
Marula announces new investment partner replacing Q Global
Battery metals miner Marula Mining has advised of an amendment to its subscription agreement with a subsidiary of investment fund Q Global Commodities. The company last year entered into an...
Pensana garners customer approval for mixed rare earth carbonate from Longonjo
London-listed rare earths project developer Pensana has announced that one of its major potential customers has approved the product qualification specifications for proposed mixed rare earth...
Xtract confirms new licences in Zambia show promising copper potential
Aim-listed Xtract Resources has confirmed there is scope for the discovery of high-grade Kamoa-style mineralisation at depth, and lower-grade Kolwezi-type mineralisation near surface on its two...
WPIC highlights South Korean hydrogen market as driver for platinum demand
The World Platinum Investment Council (WPIC) is encouraged by the South Korean government’s more to accelerate the country’s transition to a clean hydrogen economy and its advancement of the...
Pan African to post at least 41% growth in interim earnings
Gold miner Pan African Resources has advised shareholders that it expects its headline earnings per share (HEPS) and earnings per share (EPS) for the six months ended December 31 to be between 41%...
Joint venture to revive 100-year-old DRC mine
TSX-listed Ivanhoe Mines has signed a new joint venture (JV) agreement with State-owned mining company Gécamines to restart the high-grade Kipushi zinc/copper/silver mine, in the Democratic...
Bushveld completes refinancing of debt to Orion Mine Finance
Aim-listed vanadium producer Bushveld Minerals has completed the refinancing of its unsecured convertible loan notes issued to Orion Mine Finance, which it secured in 2020. The company has...
Glencore reports lower production, builds solar plant in South Africa
Diversified miner Glencore has reported lower volumes across its key commodities for the 2023 financial year, but notes that these were all nonetheless still within the guided ranges. The company’s...
Galileo identifies three targets in Botswana for follow-up exploration work
London-listed Galileo Resources has defined three potential drill targets with a combined strike length of about 6 km on its PL253 licence in the Kalahari Copper Belt of Botswana. The three...
Caledonia will soon alter Blanket mine plan to include more resources, reserves
NYSE- and Aim-listed Caledonia Mining Corporation has reported more encouraging results from deep level drilling at the Blanket gold mine, in Zimbabwe, which it says validates the continuity of...
Lexington starts more drilling to validate, expand gold mineralisation at South African project
Aim-listed Lexington Gold has successfully completed percussion drilling at the Bothaville project, in South Africa’s Witwatersrand Gold Basin. The drilling, which started early in December last...
OIM Consulting expands footprint into Australia
Advisory firm OIM Consulting is branching out to Australia to take advantage of opportunities in its $28-billion mining industry. The company is adapting its proven methodologies to meet the unique...
Alphamin produced record tin output in 2023
JSE- and TSX-V-listed Alphamin Resources has announced record tin production of 12Â 568 t for the year ended December 31. This exceeded market guidance of 12Â 000 t and marked a 1% improvement on the...
Highland, Kinterra starts drilling on White Pine Copper
TSX-V-listed Highland Copper Company has announced that the White Pine Copper joint venture (JV) it has with Kinterra Copper has initiated a drilling programme at the White Pine North project, in...
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