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Tasneem Bulbulia is a Creamer Media Senior Contributing Editor Online for Engineering News and Mining Weekly.
Black Cat extends timing of $51m funding package
ASX-listed Black Cat Syndicate has extended the timing of its remaining A$51-million funding package from February 28, to May 31. Subject to completion, the funding package will be used to restart...
Katoro takes steps to reinvigorate the company
Aim-listed Katoro Gold, which holds mining assets in Africa, has secured new financing and is implementing business and development changes, along with board changes, to reinvigorate the company....
Toll tariffs to increase by 6.25%, Sanral announces
The South African National Roads Agency Limited (Sanral) has announced that its toll tariffs will increase by 6.25% from March 1. The tariffs are adjusted yearly in line with the Consumer Price...
Kore’s JSE share price rises on confirmation of receipt of EPC proposal, draft contract
Triple-listed Kore Potash’s share price on the JSE surged by more than 30% on February 9 after it confirmed that PowerChina International Group had, on February 6, delivered its engineering,...
South Africa’s security technology market poised for growth – research
The South African security technology market is poised for growth, making it one of the exceptions compared with other industries in the country that are currently facing economic and financial...
RMB, Clairfield International ink partnership deal
Europe-based global corporate finance partnership Clairfield International and FirstRand Bank division Rand Merchant Bank (RMB), have formally agreed to partner, marking both firms’ commitment to...
Implats warns of more than 80% decrease in interim earnings
JSE-listed Impala Platinum (Implats) expects to report an up to 83% year-on-year decrease in headline earnings for the six months to December 31, 2023, as a result of lower revenue arising from a...
Gold mining industry striving to build on sustainability strides
Striving for sustainability in every facet of the gold mining industry’s value chain is imperative and while considerable progress has been made in several areas, including responsible practices...
Anglo’s fourth-quarter production in line with expectations despite rail constraints
Diversified miner Anglo American’s production for the fourth quarter ended December 31, 2023, was in line with expectations and in line with production in the third quarter, despite the deliberate...
Busa seeks govt's backing on private sector support to resolve energy, logistics crises
Business organisation Business Unity South Africa (Busa) has outlined its expectations for President Cyril Ramaphosa’s State of the Nation Address tonight, with the first being a call for a clear...
Blencowe welcomes new African investor
Aim-listed Blencowe Resources has raised $500 000 (£392 350) from a specialist Africa-based investor through the issue of 7.8-million new ordinary shares. The investor has undertaken extensive due...
Kenmare receives commitments for new $200m credit facility
London-listed Kenmare Resources, which operates the Moma titanium minerals mine in northern Mozambique, has received commitments in respect of a new $200-million revolving credit facility (RCF)....
Sable Mining, IPace agree additional funding for DMS beneficiation plant
JSE-listed Sable Exploration and Mining’s subsidiary Sable Platinum Holdings (SPH) and IPace on February 2 entered into a term sheet for additional funding of R1-million payable by SPH for a dense...
West African’s 2024 production to align with long-term mining plan
ASX-listed West African Resources expects its Sanbrado mine, in Burkina Faso, to produce between 190 000 oz and 210 000 oz of gold this year, consistent with the company’s long-term mining plan....
Pensana’s Longonjo MRE carbonate receives product quality approval
One of London-listed Pensana’s major potential customers has approved the product qualification specifications for Longonjo’s proposed mixed rare earth carbonate (MREC) product. Longonjo, in...
Organisations voice their concerns about national minimum wage increase
Various organisations have responded to government’s decision to increase the national minimum wage by 8.5% to R27.58 an hour, effective from March 1. Youth development agency Afrika Tikkun says...
Rainbow achieves group separation of REEs during ongoing test work in the US
London-listed Rainbow Rare Earths has made progress with the ongoing rare earth oxide separation work under way at the back-end pilot plant, which is located at the facilities of Rainbow’s...
Bushveld meets full-year guidance, but cash flow challenges persist
Aim-listed Bushveld Minerals met its 2023 production guidance and was able to achieve a level of operational performance in the first half of the financial year, despite facing cash flow...
Business organisations call on Ramaphosa to test NHI Bill’s constitutionality
Business organisations Business Unity South Africa (Busa) and Business for South Africa (B4SA) have called on President Cyril Ramaphosa to act in accordance with the commitment he made in late...
World Bank tours Cape Town’s Steenbras power plant, to augment support
City of Cape Town Mayoral Committee Member for Energy councillor Beverley van Reenen has hosted a World Bank delegation to the city’s Steenbras hydro pumped storage scheme. The Steenbras plant is...
De Berg Nature Reserve designated as country’s thirtieth Ramsar site
Forestry, Fisheries and the Environment Minister Barbara Creecy has welcomed the declaration of the De Berg Nature Reserve as South Africa’s thirtieth Ramsar site under the Convention on Wetlands...
IRH commits up to $1.1bn for 50% interest in Mopani Copper Mines
Aim-listed ZCCM-Investment Holdings (ZCCM-IH) has confirmed that it has entered into an agreement with International Resources Holding (IRH), which will, through its wholly-owned subsidiary Delta...
Transnet says rail volumes recovered slightly in the last quarter of 2023
Transnet Freight Rail (TFR) says it experienced an improvement in rail volumes in the last quarter of the 2023 calendar year, as the implementation of Transnet’s recovery plan got under way. The...
Regulator celebrates centenary of Dr Merensky’s discovery of PGM deposits in South Africa
State entity the South African Diamond and Precious Metals Regulator (SADPMR) will hold its South Africa Platinum Centenary Commemoration event in Cape Town, on February 4, a day before the...
Orion to benefit from fast-track strategy at Northern Cape project – analyst
ASX- and JSE-listed Orion Minerals has in place a company-making strategy of developing multiple metal producing hubs within South Africa’s Northern Cape, a richly endowed mineral province and a...
FlySafair to launch direct route between Cape Town, Kruger Mpumalanga airports
Low-cost airline FlySafair will be launching a direct route between Cape Town International Airport (CTIA) and Kruger Mpumalanga International Airport (KMIA) just outside the Kruger National Park...
ACSA’s recovery to pre-pandemic levels on track
As of December 2023, the airline industry had largely recovered its traffic to 2019 levels, which is the benchmark for pre-Covid-19, Airports Company South Africa (ACSA) CEO Mpumi Mpofu informed in...
Collaboration and grid investment key to making 2024 a turning point in SA’s power crisis
If South Africa’s energy investment programmes and reforms continue, the energy availability factor (EAF) for State-owned utility Eskom’s coal fleet does not decline, and business partnerships and...
Collaboration and grid investment key to making 2024 a turning point in SA’s power crisis
If South Africa’s energy investment programmes and reforms continue, the energy availability factor (EAF) for State-owned utility Eskom’s coal fleet does not decline, and business partnerships and...
Itac creates temporary rebate provision for several products
The International Trade Administration Commission of South Africa (Itac) has created a temporary rebate provision for the importation of certain cold-rolled steel and painted steel; a rebate...
Bengwenyama scoping study shows attractive economics – Southern Palladium
A scoping study of JSE- and ASX-listed Southern Palladium’s 70%-owned Bengwenyama platinum group metals (PGMs) project on the eastern limb of the Bushveld Complex in South Africa shows “very...
Lotus, A-Cap merger posited to provide uranium opportunities
ASX-listed Lotus Resources completed the implementation of the merger with A-Cap during the quarter ended December 31, which the company avers has created a “leading uranium player with significant...
AVZ reports updated mineral resource at DRC project
ASX-listed AVZ Minerals has updated the mineral resource of its Manono lithium and tin project, in the Democratic Republic of Congo (DRC), after generating new results from the 2022 to 2023...
Tshipi achieves record quarter production
Tshipi é Ntle Manganese Mining, in which ASX-listed Jupiter Mines has a 49.9% beneficial interest, achieved record production at the Tshipi manganese mine in the Kalahari manganese field for the...
Geopolitical, economic uncertainty supported last year’s gold demand, price
Member organisation the World Gold Council’s (WGC) latest ‘Gold Demand Trends’ report, released on January 31, indicates that yearly gold demand – excluding over-the-counter (OTC) market demand –...
AU’s G20 inclusion, South Africa’s 2025 presidency, present opportunities for the continent
With exogenous and endogenous shocks impacting on Africa countries to varying degrees over the years, and different regions showcasing different levels of macroeconomic resilience, the African...
Kefi confirms new discovery at Saudi Arabia gold project
Aim-listed Kefi Gold and Copper has confirmed a new discovery, as well as provided an operational update for the Jibal Qutman gold project in Saudi Arabia in the company's minority-owned Gold and...
GoviEx assures shareholders it is unaffected by Niger’s mining sector audit
TSX-V-listed GoviEx Uranium has responded to recent articles published in the wider press concerning an alleged audit of the mining sector in Niger, noting that this will not affect the company....
CSIR, GIZ collaborate on building skills for vaccine manufacturing in South Africa
The Council for Scientific and Industrial Research (CSIR) has partnered with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) on a human capacity development initiative in South...
Calibre completes acquisition of Marathon
TSX-listed Calibre Mining has acquired all of the issued and outstanding common shares of fellow-listed Marathon Gold, pursuant to a court-approved plan of arrangement. As a result of the...
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