Kumba appoints Walker nonexec director

JSE-listed Kumba Iron Ore has appointed Matthew Walker as nonexecutive director, effective April 1. He will represent parent company Anglo American on the Kumba board.  

Minergy’s first-half attributable loss widen, but turnaround plan in the works

After facing significant headwinds in the six months ended December 31, 2023, Botswana-based coal miner Minergy has reported an attributable loss of P72.4-million and a loss a share of 15.42 thebe.... 

First Quantum’s Kansanshi expansion project on schedule for completion in mid-2025

TSX-listed gold and base metals miner First Quantum Minerals CEO Tristan Pascal is pleased with the level of progress on the ground at the S3 expansion project, at the Kansanshi mine, in Zambia.... 

Murray & Roberts Cementation raises the bar on mechanised mine training

Mining contractor Murray & Roberts Cementation on March 14 hosted a media tour of the mock-up mine and training facilities at its Bentley Park Training Academy, in Carletonville. The site is... 

Aura announces A$16m placement, A$2m share purchase plan

ASX- and Aim-listed Aura Energy has received firm commitments from investors to raise about A$16.2-million through the issue of 90.2-million ordinary shares. The company will also offer... 

Independent expert finds Goldway’s offer not ‘fair, reasonable’ – MC Mining

JSE-, ASX- and Aim-listed coal miner MC Mining says a report prepared by an independent expert from BDO Corporate Finance that the takeover offer it received from Goldway Capital Investment in... 

Energy investor Reatile gears up for LNG importation as gas shortage looms

In light of the looming natural gas supply constraints from mid-2026, investment company Reatile Group is actively engaging Sasol on mitigating the gap between 2026 and the eventual arrival of... 

Gas users call for urgent stakeholder engagements to avoid supply ‘cliff’ when flows from Mozambique end in 2026

Large industrial gas users are starting to prepare for what will likely be South Africa’s next big energy crisis, the imminent shortage of natural gas. Petrochemicals manufacturer Sasol, as the... 

Marula announces major mining tenement expansion for graphite projects in Tanzania

Battery metals miner Marula Mining’s partner on the NyoriGreen graphite project, in Tanzania, has submitted applications for eight new mining and prospecting licences. Marula agreed with its... 

West Wits ready for rapid development of Qala Shallows once funding agreements conclude

ASX-listed West Wits Mining has reported a cash and cash equivalent position of $1.4-million as at December 31, which, coupled with a proposed $15.8-million debt facility with the Industrial... 

Andrada ramps up tin, tantalum and lithium production at Uis

Aim-listed Andrada Mining has started implementing an ore sorting circuit at the Uis mine, in Namibia, to increase tin concentrate production from 1 500 t/y to 2 600 t/y. This is expected to... 

Tirupati expects material increase in two Madagascan resources after major drilling

London-listed Tirupati Graphite has completed a 5 000 m diamond core programme and a 26 000 m auger drilling programme on its two flake graphite projects in Madagascar. Consultancy SRK Consulting... 

Mkango, CoTec appoint engineering experts to aid with feasibility study in the US

Aim-listed Mkango Resources and partner TSX-V-listed CoTec have appointed two US-based engineering solutions companies to engineer and design a rare earth elements magnet recycling plant and... 

Gold Fields to build its biggest renewable energy project yet at St Ives

JSE- and NYSE-listed Gold Fields’ board has approved a A$296-million, or $195-million, renewable energy project to be built at the St Ives mine, in Western Australia. The plant, comprising 42 MW... 

Deep Yellow to raise funds to advance its Australia, Namibia uranium projects

ASX-listed uranium developer Deep Yellow plans to raise A$220-million through a two-tranche placement and an additional $30-million through a share purchase plan for eligible shareholders. The... 

AngloGold appoints Jochen Tilk to succeed Ramos as chairperson

Global miner AngloGold Ashanti has appointed Jochen Tilk chairperson effective May 28, subject to his re-election at an annual general meeting on the same day. This follows after the incumbent... 

Perseus extends OreCorp takeover offer window to April 19

ASX-listed Perseus Mining has released a second supplementary bidder’s statement in relation to its off-market takeover bid for all issued ordinary shares of fellow-listed OreCorp, which extends... 

Petra seeks new CFO following Breytenbach’s resignation

London-listed Petra Diamonds has started with a recruitment process to appoint a successor to CFO Jacques Breytenbach, who has resigned owing to personal reasons. Breytenbach will remain in his... 

New owners of precision casting company drive technology, skills investment

Following a takeover of Rely Precision Castings by a new group of shareholders, the company is undergoing a renewed market expansion drive with investment into technology, and development of a... 

Gold-backed ETFs record ninth month of outflows

Gold-backed exchange-traded flows (ETFs) recorded another outflow in February, extending their losing streak to nine months, with North America in the lead. Total assets under management... 

DRA Global promotes Coetzee to executive director position

Engineering consultancy DRA Global has appointed nonexecutive director Val Coetzee as director of process and technology – an executive position – effective immediately. He will oversee the... 

Tietto goes from strength to strength following ‘undervalued’ takeover offer

As gold mining company Tietto Minerals nears full production rates at its Abujar gold mine, in Côte d’Ivoire, it is also focusing on organic growth opportunities, while Hong Kong-based Zhaojin... 

Barrick partners with DRC-based oversight body to advance local content intiatives

Global miner Barrick Gold Corporation’s Kiballi gold mine, in the Democratic Republic of Congo (DRC), has partnered with the oversight body of the subcontracting sector, the Autorite de Regulation... 

MC Mining commissions independent report to further investigate Goldway offer

Further to MC Mining’s Independent Board Committee last week recommending that shareholders not accept a takeover offer from Goldway Capital Investment, MC Mining has released its formal target... 

PTM shareholders show strong support for new directors

TSX- and NYSE-listed Platinum Group Metals (PTM) has announced its board of directors as voted for by shareholders at an annual general meeting on February 29, which had a turnout of shareholders... 

Marula makes maiden investment in Kenya to acquire a 60% interest in manganese mine

Battery metals miner Marula Mining has signed a binding term sheet with Kenyan manganese mine operator Gems and Industrial Minerals (GIM) to acquire a 60% commercial interest in the Larisoro mine,... 

New chemical tech at Barrick’s Buylanhulu mine results in cleaner tailings, better recoveries

Following a successful trial of chemical technologies provider Draslovka’s GlyCat glycine leaching technology at global miner Barrick Gold’s Buylanhulu mine, in Tanzania, the gold miner has started... 

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... 

Galileo reaches 80% shareholding in Zim-focused BC Ventures

London-listed Galileo Resources has met all conditions required to acquire an additional 51% shareholding in BC Ventures, which, coupled with its existing 29% shareholding, now adds up to an 80%... 

Kropz appoints new financial manager

Aim-listed phosphate miner Kropz has appointed chartered accountant Werner Greyling to succeed Louis Swart as financial manager, with effect from March 1. Swart will, however, assist the company in... 

Jupiter exceeds dividend policy with latest interim payout

ASX-listed Jupiter Mines has declared an interim dividend of A$0.01, after receiving a R142-million, or A$11-million, dividend from Tshipi é Ntle Manganese Mining. Jupiter will also receive... 

West African Resources upgrades planned production to more than 4Moz over the next decade

ASX-listed West African Resources expects to produce more than four-million ounces of gold over the next ten years, with production to peak at about 473 000 oz/y in 2029. The company owns the... 

Eastport appoints mining veteran Birchall as CEO

Canadian miner Eastport Ventures has appointed Robin Birchall CEO effective immediately. He brings to the board more than 20 years of experience in the investment banking sector within the mining... 

Another Salungano subsidiary enters business rescue

JSE-listed Salungano Group has advised that its indirect subsidiary Keaton Mining has filed for business rescue. Keaton Energy Holdings, which is a wholly-owned subsidiary of Salungano and the... 

Ionic finds promising rare earth intersections, expands exploration target at Makuutu

ASX-listed Ionic Rare Earths has identified 69 holes with clay-hosted rare earth intersections above the current resource cut-off across three licences at the Makuutu rare earths project, in... 

Ivanhoe posts record normalised profit, adjusted earnings for 2023

Canadian miner Ivanhoe Mines has reported a record normalised profit of $388-million, as well as record adjusted earnings of $604-million for 2023. The Kamoa-Kakula operation, in the Democratic... 

Oriole confirms high-grade mineralisation at Mbe from partner’s soil sampling

Sub-Saharan African miner BCM International Group has uncovered gold mineralisation grading 256 g/t from outcrop sampling and 25.1 g/t gold from pit sampling over a 3-km-long target on the Mbe gold... 

AngloGold reports dip in full-year profit, but strong free cash flow generation and production

Diversified miner AngloGold Ashanti has reported a strong performance in the 2023 financial year, having achieved production guidance at 2.6-million ounces and $109-million of free cash flow. The... 

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...