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Sabrina Jardim is a Creamer Media Senior Online Writer for Engineering News and Mining Weekly.
Eastplats reports narrower losses
TSX- and JSE-listed Eastern Platinum’s (Eastplats’) revenue for the third quarter ended September 30 increased to $13.7-million, representing a $2.7-million, or 24.5%, increase year-on-year....
Minerals Council joins application to review R54bn Eskom-Nersa settlement
The Minerals Council South Africa has confirmed that it has applied to be joined as a third respondent in a court bid to halt a controversial settlement agreement between power utility Eskom and...
Liberty Coal announces new phase of operations at Optimum
Coal miner Liberty Coal has announced that it is implementing its long-standing plans of appointing Liberty Mine Services (LMS), a member of the Liberty group of companies, as its principal mining...
Goldplat reports strong operating quarter, £2.09m operating profit
Aim-listed Goldplat has reported that its two recovery operations – in South Africa and Ghana – achieved a combined operating profit of £2.09-million for the quarter ended September 30. The company...
Lucara reports $51.2m in revenue, advances Karowe underground project
Toronto-listed Lucara Diamond sold 101 422 ct during the quarter ended September 30, generating $51.2-million in revenue. In August, the company recovered a 1 015 ct non-gem diamond and a 37.42 ct...
New partnership promotes responsible sourcing of PGMs
Nonprofit organisation the Initiative for Responsible Mining Assurance (IRMA) and trade association the London Platinum and Palladium Market (LPPM) have announced a new, non-exclusive collaboration...
Gold Fields targeting incrementatal growth in output over the next five years
During a Capital Markets Day media conference call, on November 13, gold miner Gold Fields CEO Mike Fraser pointed out that the company was targeting incremental production growth over the next...
Tharisa signs new debt facilities with Absa, Standard Bank
JSE-listed Tharisa has, subject to the fulfilment of certain conditions precedent, signed a $130-million debt facility with Absa Bank – acting through its Corporate & Investment Banking (CIB)...
Hillside Aluminium to provide R200m funding to support manufacturing in Richards Bay
Diversified miner South32’s Hillside Aluminium subsidiary has partnered with the Automotive Industry Transformation Fund (AITF) and the Department of Trade, Industry and Competition (dtic) to...
Blue Ridge enters chrome concentrate supply agreement with investment company
JSE-listed Mantengu’s 70%-owned subsidiary Blue Ridge Platinum has entered into a life-of-mine chrome concentrate supply agreement with Monteagle International. In terms of the supply agreement,...
Shuka receives initial tranche for proposed mining acquisitions
Aim-listed Shuka Minerals has received an initial tranche of $300 000 from its financing partner Gathoni Muchai Investments (GMI) under an increased loan facility for the financing of Shuka’s...
Ironveld reports progress in DMS-grade magnetite processing facility
Aim-listed Ironveld has reported that Daemaneng Minerals has made significant strides in preparing Ironveld's joint venture dense media separation- (DMS-) grade magnetite processing facility, in...
West Wits issues shares to Absa to settle fees
ASX-listed West Wits Mining has issued 100.39-million unlisted options to Absa Bank – acting through its Corporate and Investment Banking division – to settle fees of R7.66-million payable to Absa...
Switch Metals signs MoU with Xcelsior
London-listed Switch Metals has signed a memorandum of understanding (MoU) with financial services company Xcelsior Capital Advisors. Xcelsior provides financing to producers of critical metals and...
AECI unveils TNT-free booster technology
Chemicals and mining explosives company AECI unveiled trinitrotoluene- (TNT-) and pentaerythritol tetranitrate- (PETN-) free booster technology at the European Federation of Explosives conference,...
ARM continues discussions on Assmang dividend
JSE-listed African Rainbow Minerals (ARM) has advised shareholders that there are ongoing discussions among the directors of mining company Assmang, who have been appointed by ARM and Assore South...
Canyon continues with development of Minim Martap despite minor delays
Despite reports of unrest in several cities in Cameroon following the re-election of President Paul Biya, ASX-listed Canyon Resources has continued to progress the development of its Minim Martap...
Growthpoint buys into Free State hydroelectric plant
JSE-listed real estate investment trust (Reit) Growthpoint Properties has acquired a 30% stake in independent power producer Serengeti Energy’s operational Boston Hydro plant near Clarens, in the...
CSIR launches CO2 supercritical encapsulation facility
The Council for Scientific and Industrial Research (CSIR) launched a pioneering CO₂ Supercritical Encapsulation Facility (SCEF), the first of its kind on the African continent, on October 17. This...
Oscillate signs definitive agreement to dispose of noncore hydrogen assets
Copper and future metals developer Oscillate – to be renamed Serval Resources – has signed a definitive agreement with Pulsar Helium to supersede the nonbinding term sheet announced on September 2...
Resolute assures shareholders Syama mine operating normally
Noting media articles regarding events in Mali, London-listed Resolute Mining has informed shareholders that its Syama mine, located in the south of Mali, continues to operate normally with minimal...
Kore Potash starts formal sales process
Aim-, ASX- and JSE-listed Kore Potash has started a formal sales process to enable its board and advisers to engage more widely with parties that have expressed an interest in acquiring the...
Mali President, dignitaries officiate Bougouni lithium project launch
Aim-listed Kodal Minerals has announced the official opening of the Stage 1 Bougouni lithium project, in southern Mali, by Mali President General Assimi Goïta in a ceremony held on November 3. The...
Mining right granted for Zeb nickel project; URU raises £1.1m
South Africa’s Department of Mineral and Petroleum Resources (DMPR) has granted and executed a mining right in favour of Lesego Platinum Uitloop – the project company for London-listed URU Metals’...
Makhado project progressing well, Uitkomst improvement plan approved
Coal miner MC Mining has reported that the development of the Makhado project, in Limpopo, progressed well during the quarter ended September 30, with key milestones achieved despite experiencing...
Jupiter on track to meet full-year guidance as Tshipi mine delivers good first-quarter results
ASX-listed Jupiter Mines has reported that the Tshipi manganese mine, in South Africa, has delivered another reliable set of results for the quarter ended September 30, with sales of 837 577 t and...
Gold demand rises to new high in tandem with price – WGC
According to the World Gold Council’s (WGC’s) ‘Gold Demands Trends’ report for the third quarter of this year, total gold demand, including over-the-counter (OTC), grew 3% year-on-year to 1 313 t,...
Sable enters supply agreement for Lapon plant to accelerate production ramp-up
JSE-listed Sable Exploration and Mining has reported that its wholly-owned subsidiary Lapon Plant has entered into a comprehensive operator, ore supply and processing agreement with South African...
New partnership promotes responsible sourcing of PGMs
Nonprofit organisation the Initiative for Responsible Mining Assurance (IRMA) and trade association the London Platinum and Palladium Market (LPPM) have announced a new, non-exclusive collaboration...
Northam receives positive credit rating amid improving operational profile
Credit rating agency GCR Ratings has revised the outlook on JSE-listed Northam Platinum’s long-term issuer rating to positive, on the back of an improving operational profile, expected stronger...
Kumba on track to meet full-year waste mining, production guidance
South African iron-ore miner Kumba Iron Ore, which operates two mines in the Northern Cape, says it is on track to deliver on its full-year waste mining and production guidance of between...
Merafe’s year-to-date ferrochrome output down 51%
JSE-listed Merafe Resources’ attributable ferrochrome production from the Glencore Merafe chrome venture for the nine months ended September 30 was 112 000 t – a 51% decrease on the 230 000 t...
China levels the playing field with its platinum VAT reform - Heraeus
China announced a major policy adjustment last week with the removal of its long-standing value-added tax (VAT) exemption on platinum imports, global technology group Heraeus Precious Metals states...
Rainbow Rare Earths demonstrates resilience amid market challenges
With rare earth elements (REE) being vital to economic resilience and national security, the imposition of export controls by China in April, followed by further tightening proposed in October, has...
Private sector involvement can help unlock transport, logistics efficiencies – panellists
An efficient transport and logistics system can play a significant role in boosting the South African economy, particularly in driving export competitiveness. Private sector participation is,...
Pensana, German company seek to establish mine-to-magnet supply chain in the US
London-listed Pensana has signed a memorandum of understanding (MoU) with Vacuumschmelze (VAC) – a Germany-headquartered manufacturer of advanced magnetic solutions, rare-earth permanent magnets...
New window for Junior Mining Exploration Fund opens
Following the success of the first window for the Junior Mining Exploration Fund (JMEF), the Department of Mineral and Petroleum Resources (DMPR), the Council for Geoscience (CGS) and the...
How Southern Africa could unlock funding for critical minerals investment
As the world transitions to cleaner energy, Southern Africa's abundant critical mineral resources, which could be key ingredients for many low-carbon technologies, have come into sharper focus....
How Southern Africa could unlock funding for critical minerals investment
As the world transitions to cleaner energy, Southern Africa's abundant critical mineral resources, which could be key ingredients for many low-carbon technologies, have come into sharper focus....
Copper 360 appoints independent nonexecutive directors at AGM
JSE-listed Copper 360 has elected Peter Scott, Beverley Bouwer and Lindiwe Montshiwagae as independent nonexecutive directors, with effect from October 15, at its AGM held on the same date. The...
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