Aveng expects to deliver earnings per share profit at financial close

Construction and mining group Aveng has alerted shareholders that they can expect an earnings a share and headline earnings a share profit for the financial year ended June 30, compared with the... 

TFR reports modest improvement but admits much work still to be done

Although there has been a “slight” improvement year-on-year in terms of State-owned Transnet Freight Rail’s (TFR’s) North Corridor performance, the beleaguered rail operator is “not out of the... 

New scrap metal portal launched

A new online platform called MyScrapMatters has been launched, acting as a single centralised hub to provide comprehensive information about the scrap metal industry in South Africa. The aim of the... 

Seifsa raises issues with proposed amendments to scrap metal trading laws

Industry body the Steel and Engineering Industries Federation of Southern Africa (Seifsa) has criticised the proposed amendments to the Regulations to the Second-Hand Goods Act put forward for... 

NextSource completes screening equipment upgrade at Molo

TSX- and OTCQB-listed NextSource Materials has completed the planned screening equipment upgrades at its Molo graphite mine, in southern Madagascar, the company announced on August 7. The company... 

Copper 360 to refocus on growing profitability after getting Rietberg off the ground, CEO says

With JSE-listed Copper 360’s Rietberg copper mine, in the Northern Cape, now in production, CEO Jan Nelson says it is a good time for the company to focus on recovering from the major capital... 

Bushveld optimistic about next 18 months following corrective measures

Ahead of the company's upcoming AGM, Aim-listed vanadium producer Bushveld Minerals has said the outlook remains positive for the remainder of this year into 2025 owing to the rationalisation of... 

Drilling to start imminently at Aterian’s Agdz project in Morocco

LSE-listed Aterian’s maiden scout drilling programme is set to begin imminently at the company's 100%-owned Agdz copper/silver project, which covers 34.5 km2 in the eastern Anti-Atlas mountains of... 

Centaurus ups Jaguar resource estimate

Australia-listed Centaurus Metals has announced a significant increase in both the size and confidence levels of the mineral resource for its flagship 100%-owned Jaguar nickel sulphide project in... 

RMC reports significant gold intercepts at Tanzania project

A maiden reverse circulation (RC) drilling programme has been successfully completed at the Mpanda gold/copper project, in Tanzania, with significant intercepts returned from the Kabungu prospect,... 

Rome Resources starts drilling at DRC prospect

Aim-listed Rome Resources has started drilling on its Kalayi prospect in the North Kivu province of the Democratic Republic of Congo (DRC). The Kalayi prospect, together with the Mont Agoma and the... 

Kavango identifies new gold structures at Nara, releases technical report for Ditau

London-listed Kavango Resources has identified several new, previously unknown induced polarisation (IP) zones at its Nara gold exploration project, in Zimbabwe, in addition to further extensions... 

Hillgrove gold, antimony project PFS indicates plenty of upside

The results of Australia- and Germany-listed Larvotto Resources' prefeasibility study (PFS), completed on its 100%-owned Hillgrove gold and antimony project in New South Wales, shows promising... 

SA’s automotive prospects clouded by high taxes and exports risks

The importance of export growth as an automotive industry strategy is crucial to mitigate the numerous risks associated with South Africa's low growth environment. "We see export growth as a really... 

Marula’s new ore sorter to be transported to Blesberg soon

AQSE- and A2X-listed Marula Mining’s Tomra COM XRT 1200 ore sorter has been decommissioned in Gauteng and will be transported to Springbok in the Northern Cape soon, the company said on August 1.... 

Infrastructure refurbishment investment alone could provide R100bn/y manufacturing stimulus

South Africa’s decaying water, electricity and logistics infrastructure presents a R100-billion a year repair and refurbishment investment opportunity that could provide much-needed stimulus for... 

First spodumene concentrate produced at Liontown’s Kathleen Valley

The first spodumene concentrate has been produced at ASX-listed Liontown Resources’ Kathleen Valley operation, in Western Australia. Following progressive commissioning of the process plant, ore... 

New Gold meets production targets for the second quarter

TSX- and NYSE-listed New Gold has produced 68 598 oz of gold and 13.6-million pounds of copper for the second quarter ended June 30. This was achieved at an operating expense of $1 156/oz of gold... 

Lance uranium recovery plant modification proceeding on schedule, Peninsula says

Plant construction and wellfield development activities at ASX- and OTCQB-listed Peninsula Energy and its wholly-owned US subsidiary Strata Energy’s Lance project, in Wyoming, are progressing on... 

Rome Resources mobilises drills to site at Bisie North

Aim-listed Rome Resources has begun the mobilisation of the first of three diamond core drill rigs to be used in the first week of August at sites identified and prepared by the company at its... 

Qld govt provides A$20.7m grant to fund Harmony’s Eva copper mine project

Gold mining company Harmony Gold has welcomed a decision by the Queensland government, in Australia, to provide conditional grant funding of A$20.7-million to Harmony Gold’s Eva copper mine project... 

Gold demand, including OTC investments, up 4% y/y in the second quarter

Gold demand, excluding over-the-counter (OTC) investments, decreased by 6% year-on-year to 929 t in the second quarter, as a significant decline in jewellery consumption overshadowed moderate gains... 

St Barbara upgrades Simberi resource by 5%, ore reserves by 40%

ASX-listed St Barbara has announced a significant update to its mineral resources at the Simberi gold operations, in Papua New Guinea, as of June 30. The company has revised its mineral resources... 

Geopacific’s Woodlark scoping study indicates a promising project

The results of a scoping study for Geopacific Resources' 1.56-million-ounce Woodlark gold project, in Papua New Guinea, indicate strong financial returns, including significant free cash flow and... 

Resolute reports strong second-quarter performance

Australia- and London-listed Resolute Mining has reported a “strong” second quarter across both the Syama operation, in Mali, and the Mako project, in Senegal. In its quarterly activities report... 

Gemfields reports $121m first-half auction revenue

Gemstone miner Gemfields has reported total auction revenues of $121-million for the six-month period ended June 30, with demand for rough emeralds and rubies continuing to remain robust. In the... 

Orion reports robust assay results from Okiep project’s Flat Mines area

ASX- and JSE-listed Orion Minerals has reported robust assay results from the confirmation diamond drilling programme in the Flat Mines area at its Okiep Copper Project (OCP) in the Northern Cape.... 

Kamoa-Kakula maintains 2024 copper production guidance of up to 490 000 t

TSX- and OTCQX-listed Ivanhoe Mines has reported that its Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC) produced 100 812 t of copper in concentrate during the second quarter... 

Thermal coal prices stagnate amid oversupply, weak demand

Market research firm BMI, a Fitch Solutions company, says thermal coal prices will remain stagnant owing to oversupply and weak demand. The company maintains its Newcastle thermal coal price... 

AECI share price dips following lacklustre six-month performance

JSE-listed chemicals company AECI recorded a near 13% drop in its share price on the JSE on July 24 after issuing a trading statement wherein it advised shareholders to expect a 59% to 64% drop in... 

Bezant signs nonbinding agreement to roll out solar solution at Namibia project

London-listed Bezant Resources has signed a nonbinding letter of intent (LOI) to enter into a partnership with CrossBoundary Energy Management and Eversolar for the provision of a renewable and/or... 

Production now under way at FQM’s Enterpise nickel mine in Zambia

TSX-listed First Quantum Minerals (FQM) has declared commercial production, as of June 1, at the Enterprise nickel mine, which is 12 km from the company’s Sentinel copper mine in the North-Western... 

Mkango’s UK rare earth magnet plant to come online in early 2025

Aim-listed Mkango Resources has confirmed that the start-up of commercial operations of the short-loop rare earth magnet recycling and manufacturing plant at Tyseley Energy Park, in Birmingham, in... 

TFR boasts slight improvement but admits much work still to be done

Although there has been a “slight” improvement year-on-year in terms of State-owned Transnet Freight Rail’s (TFR’s) North Corridor performance, the beleaguered rail operator is “not out of the... 

Pensana chairperson sells 1.5m shares to provide working capital for the company

London-listed Pensana has announced that, further to the £2-million facility made available to the company by two of its directors in March, chairperson Paul Atherley has sold 1.5-million ordinary... 

Akobo’s Segele gold processing plant operational

Gold exploration and mining company Akobo Minerals has announced that its Segele processing plant, in Ethiopia, is now operational. The commissioning process has successfully activated the majority... 

De Beers’ Jhb rough diamond sorting, sales building receives green star rating

Diamond miner De Beers’ new rough diamond sorting, valuation and sales building Sky Park, in Johannesburg, has received a five-star interior green rating and two four-star green building ratings... 

South32’s South African manganese, aluminium operations deliver solid output

Diversified miner South32’s South African manganese operations produced 2.18-million tonnes of manganese in the 2024 financial year, ended June 30, higher than the 2.11-million tonnes produced in... 

Century-old Kipushi mine returns to production following 31-year pause

Dual-listed Ivanhoe Mines has announced the completion of construction and the restart of the Kipushi zinc/copper/lead/germanium mine, in the Democratic Republic of Congo (DRC), 100 years after it... 

Over-taxation in automotive market will undermine BEV adoption in South Africa

South Africa’s automative market is going to struggle to transition to battery electric vehicles (BEVs), specifically because of the country’s “peculiar” automotive market structure, which Toyota...