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Tasneem Bulbulia is a Creamer Media Senior Contributing Editor Online for Engineering News and Mining Weekly.
ARM warns of lower interim earnings on the back of lower prices
Diversified miner African Rainbow Minerals (ARM) says it expects its headline earnings for the six months ended December 31 to have decreased by between 40% and 50% year-on-year to between...
Spar Group advancing sustainability initiatives to reduce plastic waste
JSE-listed retailer Spar Group is undertaking several initiatives to curb the environmental impact of plastic packaging materials. This commitment aligns with the group’s dedication to phasing out...
FEED study confirms exceptionally good economics for Aura’s Mauritania project
ASX- and Aim-listed Aura Energy’s recently completed front end engineering design (FEED) study for the Tiris uranium project, in Mauritania, has confirmed “excellent” economic returns, the company...
Cesa underlines importance of collaboration in tackling infrastructure challenges
There are myriad, well-documented challenges facing the country’s major infrastructure, ranging from the built environment to water and energy, and key to addressing this will be collaboration and...
SA Home Loans bullish about future, despite 2023 headwinds
As it celebrates its twenty-fifth birthday this week, mortgage finance company and mortgage insurance provider SA Home Loans is optimistic that, despite considerable challenges for consumers and...
Thungela launches fish breeding facility in Mpumalanga
Coal producer and exporter Thungela on February 23 launched a fish breeding facility at the Loskop Dam Nature Reserve, in Mpumalanga. The facility was pursued in congruence with efforts to restore...
CBE showcases Built Environment National Logbook prior to launch
The Council for the Built Environment (CBE) – an entity of the Department of Public Works and Infrastructure (DPWI) – on February 22 held a pre-launch activation event to showcase and encourage...
Tiger Brands appoints MDs for new business units
Food and beverage company Tiger Brands has appointed new MDs to head up the company’s six newly organised business units. The company has simplified its organisational structure into six business...
Appian appoints UK politician as strategic adviser; forms partnership with SAFE
Investment adviser Appian Capital has appointed Dominic Raab as senior strategic adviser on global affairs. In this newly created role, he will support Appian on geopolitical strategy and risk,...
Perseus enters into co-investment cooperation agreement with Saudi company
ASX- and TSX-listed Perseus Mining has entered into a cooperation agreement with Ajlan & Bros Mining & Metals Company (ABM), the mining division of Saudi Arabia-based investment conglomerate...
Sibanye incurs $2.58bn in impairments on lower metals prices
Multinational mining and metals processing group Sibanye-Stillwater has incurred impairments of $2.58-billion, or about R47.45-billion, for the 2023 financial year, on the back of the deterioration...
South Africa’s IDC begins due diligence work for Qala Shallows project funding
South African development finance institution the Industrial Development Corporation (IDC) has begun work to complete its due diligence investigation as part of its proposed R300-million (about...
Unions express dismay over mining sector retrenchments
Trade unions the Association of Mineworkers and Construction Union (AMCU) and the National Union of Mineworkers (NUM) have expressed their dissatisfaction with the plans announced by various mining...
Kumba weathers headwinds but 490 jobs at risk as it reconfigures business
Anglo American subsidiary Kumba Iron Ore delivered solid operational and financial results for the year ended December 31, 2023, despite macroeconomic challenges; however, about 490 jobs could be...
Eskom urges public not to build structures below high-voltage powerlines
State-owned utility Eskom has noticed an escalation in homes and other structures being built within power line servitudes, which is the land below and adjacent to a power line. “This is not only...
UCT research aims to help stakeholders mitigate mine closure risks
Research published in the International Journal of Mining by University of Cape Town (UCT) Future Water Institute academic Dr Megan Cole has indicated that 48 of South Africa’s 230 operating mines...
Copper 360 raises about R100m in additional funding
JSE-listed Copper 360, formerly Big Tree Copper, has raised additional funding of R99.8-million through the issue of shares for cash on certain terms and conditions, aligned to the company’s...
Lucara signs new ten-year diamond sales agreement with HB Group
Canadian mining company Lucara Diamond Corp has entered into a new diamond sales agreement (NDSA) with processer and trader HB Group out of Antwerp, Belgium, in respect of qualifying “special”...
Vedanta starts provision of funding to KCM in Zambia
Global natural resources company Vedanta Resources has started providing funding to Konkola Copper Mines (KCM), in Zambia, and has disbursed its first $25-million for employee salaries, contract...
Long stop date for Xtract’s disposal of Mozambique project extended
Aim-listed Xtract Resources says the long stop date in relation to the disposal of its entire interests in the Manica gold project, in Mozambique, has been extended from February 15 to February 23...
First Quantum exercises option over two licences in Zambia
Canada-based First Quantum Minerals (FQM) has exercised its option over the remaining two licences in the Central Africa Copperbelt from an object agreement with London-listed African Pioneer’s...
Geopolitical unrest to cause volatility for commodities – RMB
With geopolitical instability persisting globally, especially in the form of conflict between Russia and Ukraine and in the Middle East, commodities are set for a volatile year, and the risk of...
Updated MRE for Sylvania’s Volspruit project shows improved grades
Aim-listed Sylvania Platinum has announced the completion of a mineral resource estimate (MRE) update for its Volspruit project, located on the Northern Limb of the Bushveld Complex in South...
Energy transition driving continued surge in metals, mining M&A activity
The ongoing surge in mergers and acquisitions (M&A) activity in the metals and mining sector is expected to continue into this year, driven by the global energy transition, with industry players...
Nedbank CIB funds first Reit in Ghana
Nedbank Corporate and Investment Banking’s (CIB’s) Property Finance division has funded the first real estate investment trust (Reit) in Ghana. The CIB Property Finance team on February 15...
Premier to raise £2.48m for its Zulu project
Aim-listed Premier African Minerals intends to raise £2.48-million before expenses through a subscription to advance its Zulu lithium and tantalum project. “This placement assures Zulu of plant...
Sean Wade to be appointed Katoro chairperson subject to due diligence
Aim-listed Katoro Gold has announced the proposed appointment of Sean Wade as nonexecutive chairperson of the company, conditional only on the satisfactory completion of stock market due diligence,...
Shuka settles legacy dispute with Upendo Group over Tanzania licence
Aim-listed Shuka Minerals, previously known as Edenville Energy, has signed a definitive settlement agreement with Upendo Group, which holds a historic residual 10% interest in the Rukwa coal...
Urgent policy reforms the only way to save the mining sector, says Old Mutual Investment Group
It is policy uncertainty that is deterring investors from investing in the country’s mining sector and structural reform is needed to allow the sector to regain competitiveness, Old Mutual...
Philip Kotze steps down from Orion Minerals board
JSE- and ASX-listed Orion Minerals has accepted the resignation of Philip Kotze from the board, with immediate effect. During the past several months, Orion has undertaken a review of its board’s...
First Quantum in talks with utility to improve Zambia’s grid efficiency
Stabilisation of the national power grid is a prerequisite to increasing Zambia’s copper production to three-million tonnes a year, says miner First Quantum Minerals (FQM). Ensuring that power was...
Pan African on track to deliver full-year guidance following strong interim period
Gold miner Pan African Resources delivered an “excellent” safety, production and financial performance for the six months ended December 31, 2023, which positions the group well to deliver on its...
SRK Consulting makes director, partner appointments in South African operations
Global consultancy SRK Consulting has appointed partner and principal geologist (geotechnical) Robert Armstrong as a director in its South African consulting practice. Armstrong has been with the...
Numsa declares dispute against bus employers, warns of national strike
The National Union of Metalworkers of South Africa (Numsa) says it has reached a deadlock and declared a dispute against employers at the South African Road Passenger Bargaining Council (SARPBC),...
Vumacam partners with Gauteng government to provide surveillance access
Surveillance services provider Vumacam has partnered with the Gauteng provincial government (GPG), giving the GPG immediate access to an expansive network of over 6 000 cameras in the province, as...
Mixed bag for December mining production, sales
Mining production increased by 0.6% year-on-year in December, driven by platinum group metals (PGMs) and coal, Statistics South Africa principal survey statistician Juan-Pierre Terblanche outlines....
Perpetua receives more government funding
TSX-listed Perpetua Resources’ wholly owned subsidiary, Perpetua Resources Idaho, has been conditionally awarded up to $34.6-million in additional funding under the existing Technology Investment...
Arizona’s Prairie pilot plant in final phase, performing well
The direct lithium extraction (DLE) pilot plant at the Prairie project in Saskatchewan, Canada has processed more than 200 000 ℓ of brine, and has produced “exceptional” results during operations...
Hillgrove starts producing copper at Kanmantoo
ASX-listed Hillgrove Resources has produced first concentrate from the Kanmantoo copper mine, in South Australia, following successful commissioning of the processing facility. Plant commissioning...
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....
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