Ramokgopa warns of distribution infrastructure challenges, plans more renewables rounds

Despite Eskom having made progress on improving the country’s energy availability factor (EAF), lowering the unplanned capacity loss factor (UCLF) and achieving 100 consecutive days without... 

Lucapa concludes special tender worth $12m

ASX-listed Lucapa Diamond Company has sold six diamonds recovered from the Lulo mine, in Angola, in a special tender for $12.4-million. The diamonds totalled 447 ct and consisted of five white... 

Lotus hits highest-grade intercept at Letlhakane yet

ASX-listed Lotus Resources has intersected more uranium mineralisation at the Letlhakane project in Botswana, it confirms in its latest results from 24 holes drilled on site. The company has,... 

Uasa inks three-year wage agreement with Samancor

Trade union Uasa has concluded another successful wage agreement, this time with chrome miner Samancor. The union signed a three-year wage agreement on behalf of its members and all workers... 

Centamin declares 53% interim dividend payout ratio

London- and Toronto-listed gold miner Centamin has declared an interim dividend of $0.025 a share for the six months ended June 30, resulting in a total distribution of $26-million, which... 

Sovereign confirms viability of low-cost mining at Kasiya graphite project

ASX-listed Sovereign Metals has successfully completed a dry mining trial at the Kasiya rutile and graphite project, in Malawi. The trial involved a test pit excavation for pilot mining and a... 

Panellists have mixed views on sustainability of renewable-energy financing

Independent power producer (IPP) developers are currently generating lower returns on renewable-energy projects at about 11%, making it challenging for banks and institutions to provide finance,... 

Speakers stress importance of coal as an energy source, warn of unfair pressure on developing countries

With coal consumption having increased by 11% since the signing of the Paris Agreement in 2015 and the commodity being a mainstay for many countries’ energy mixes, including Australia and India,... 

Sasol reports improvements across the energy segments, but volatility remains

Petrochemicals giant Sasol has reported a 3% year-on-year increase in mining productivity for the 2024 financial year ended June 30, with productivity of 983 tons per continuous miner per shift... 

China, South Africa still driving chrome supply globally

In unpacking production and export figures for chrome and ferrochrome in 2023 and the first quarter of this year, the International Chromium Development Association (ICDA) has confirmed that China... 

Orion announces last call for shareholders to participate in SPP

ASX- and JSE-listed Orion Minerals has reminded shareholders based in Australia, New Zealand, South Africa, Germany, the Netherlands, Jersey, the UK, Mauritius and Singapore to buy shares under a... 

Anglo sells gold, iron-ore royalties to Australian fund manager

Diversified miner Anglo American has signed a definitive agreement to sell two royalties to Taurus Funds Management for up to $195-million in cash. The transaction comprises an upfront cash... 

Heatwaves driving strong growth in electricity demand – IEA

Energy demand growth is forecast to be among the highest levels this year and next, compared with the last two decades, the International Energy Agency (IEA) notes in its ‘Electricity Mid-Year... 

De Beers hosts actress Lupita Nyong’o at its Venetia mine

Academy Award-winning actress Lupita Nyong’o has visited De Beers’ Venetia diamond mine, in Limpopo. As a De Beers global ambassador, she was shown how each facet of the production value chain... 

Analysts predict gold to trade at average $2 547/oz in the second half

Independent previous metals authority London Bullion Market Association (LBMA) has cited analysts predicting that the gold price will trade even higher in the second half of the year, following a... 

Capital posts solid growth in second-quarter revenue

London-listed mining services company Capital has posted a 16.6% year-on-year increase in revenue to just under $90-million for the quarter ended June 30. The revenue generated in the quarter... 

Uasa, Petra Diamonds sign five-year wage agreement for Cullinan mine

Trade union Uasa has signed a five-year wage agreement with the management of the Cullinan mine, which is owned by London-listed Petra Diamonds. The agreement is effective from July 1 this year... 

Predictive advances promising targets around main deposit area of its Bankan project

ASX-listed Predictive Discovery has announced more solid results from infill drilling at the BC deposit of its Bankan gold project, in Guinea, which should allow the company to upgrade some of its... 

Sibanye features on FTSE4Good index for the ninth consecutive year

JSE- and NYSE-listed miner Sibanye-Stillwater has once again made it onto British financial organisation the Financial Times Stock Exchange (FTSE) Russell Group’s sustainability index. The... 

Consortium receives maiden vessel at Port of Lobito as concession takes shape

The Lobito Atlantic Railway (LAR) consortium has received the first vessel at the Port of Lobito’s mineral terminal, marking the start of the group’s port operations in Angola. LAR is the... 

Blencowe receives another $500 000 tranche in US grant funding

London-listed Blencowe Resources has received a fourth tranche of funding worth $500 000 from the US International Development Finance Corporation (DFC), which is the US government’s private sector... 

Mining companies, suppliers team up to advance evolving ESG goals

The South African mining industry continues to be a key contributor to the fiscus, with local producers and suppliers paying about R14-billion in royalties and R90-billion in taxes in the year... 

WEF highlights AI, cooling solutions, genomics, carbon capture as top emerging technologies

The World Economic Forum (WEF) has identified the ten technologies with the greatest potential to make a positive impact in the world in the next three to five years. The WEF unpacks these... 

Mining companies, suppliers team up to advance evolving ESG goals

The South African mining industry continues to be a key contributor to the fiscus, with local producers and suppliers paying about R14-billion in royalties and R90-billion in taxes in the year... 

Gold-backed ETF inflows in Asia reached a record in the first half of this year

Global gold exchange-traded funds (ETFs) recorded inflows for two consecutive months to end-June, with Asian buying offsetting outflows in North America. Gold-backed ETFs attracted $1.4-billion of... 

Cape Town consultancy launches community engagement platform for large-scale projects

Cape Town-based sustainability consultancy Cultiver Group has launched a community engagement platform called ENGAGE!, which is aimed at helping ensure inclusivity and lower social risk for... 

Eskom implements load reduction in seven provinces, but loadshedding remains suspended

With continued cold winter weather, increasing electricity theft and the indiscriminate use of electricity, the issue of network overloading has resurfaced in seven of South Africa’s provinces,... 

Ramokgopa warns of distribution challenges, plans more renewables rounds

Despite Eskom having made progress on improving the country’s energy availability factor (EAF), lowering the unplanned capacity loss factor (UCLF) and achieving 100 consecutive days without... 

Niger govt takes back Madaouela mining right from GoviEx

The government of Niger has issued TSX-V-listed GoviEx Uranium with a letter, stating that it no longer has rights over the perimeter of the Madaouela mining permit. GoviEx operated the project and... 

Emmerson submits optimised ESIA for approval, advances patents and crop trials

Morocco-focused Emmerson has submitted an updated environmental- and social-impact assessment (ESIA) incorporating optimisation from the Khemisset Multimineral Process (KMP) that the company has... 

Katoro appoints Cullen interim CEO

Aim-listed Katoro Gold has appointed Patrick Cullen as interim CEO, to guide development of the Haneti nickel and gold project, in Tanzania. He succeeds Louis Coetzee who stepped down from the... 

Minerals Council welcomes small input cost decrease for the mining sector in May

Industry body the Minerals Council South Africa says mining input costs rose by 6.6% year-on-year in May, marking a 0.6 percentage point decrease compared with April. The decrease is a positive... 

Petra Diamonds concludes last sales cycle for FY24, generates higher revenue

London-listed Petra Diamonds has generated $38-million of revenue in its seventh tender cycle for the year, having sold 337 064 ct. This brings revenue for the 2024 financial year to... 

Rio Tinto increases shareholding in emerging graphite miner Sovereign to 19.7%

Diversified mining group Rio Tinto will increase its shareholding in ASX- and Aim-listed Sovereign Metals to 19.76%. Rio exercised just under 35-million share options to acquire the same number... 

Gem Diamonds recovers 123 ct diamond from Letšeng

London-listed Gem Diamonds has recovered a 123.20 ct Type II white diamond from the Letšeng mine, in Lesotho. This marks the eighth diamond greater than 100 ct in size that the company has... 

Minerals Council reiterates mining industry priorities as it welcomed Mantashe’s reappointment

Industry body the Minerals Council South Africa has welcomed the reappointment of Gwede Mantashe as Mineral and Petroleum Resources Minister, with this Ministry having been separated from that of... 

Orion to undertake placement, share purchase plan

ASX-listed Orion Minerals has secured firm commitments for a placement of new ordinary shares to sophisticated and professional investors to raise A$7.7-million, or R92.3-million. About... 

Rainbow signs royalty, equity agreement with Ecora, raising $10m for Phalaborwa studies

London-listed Rainbow Rare Earths has signed a share placing and royalty agreement with fellow-listed Ecora Resources, raising $10-million for Rainbow to proceed with studies at the Phalaborwa rare... 

MC Mining signs R20m loan agreement with shareholder

Coal miner MC Mining has entered into a R20-million, or $1.1-million, loan facility with South Africa-based private company Dendocept for working capital purposes. Dendocept has a 6.8% shareholding... 

Marula starts shipping manganese from Larisoro mine to Mombasa port

London- and South Africa-listed battery metals miner Marula Mining has successfully started manganese ore shipping from the Larisoro manganese mine, in Kenya. Marula is transporting about 1 000 t...