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Marleny Arnoldi is a Creamer Media Deputy Editor Online for Engineering News and Mining Weekly.
Gemfields generates healthy revenue from latest auction, posts lower headline earnings for 2023
Aim- and JSE-listed gemstones miner Gemfields has generated total auction revenue of $17-million for a rough emeralds auction held between March 5 and 22. The company offered 43 lots for sale, of...
Wesizwe to post narrowed losses
JSE-listed Wesizwe Platinum expects to report a 76% to 86% year-on-year narrowing in its loss a share to between 1.14c and 1.96c for the year ended December 31, 2023, compared with a loss a share...
OreCorp recommends shareholders accept amended Perseus offer
ASX-listed OreCorp has recommended to shareholders that they accept an amended offer made by ASX- and TSX-listed Perseus Mining to buy out all shares it does not own in the company for A$0.575...
Draft IRP 2023 falls short in every aspect, says Just Share
As government considers the public comments made on the draft Integrated Resource Plan (IRP) 2023 up to March 23, shareholder activism organisation Just Share has called for a remodel of the...
Askari raises A$1.6m for lithium, uranium developments
ASX-listed Askari Metals has successfully raised A$1.6-million through a share placement. Tranche 1 of the placement is made up of 18.1-million shares, while Tranche 2, which is subject to...
Debswana builds skills pipeline ahead of expanded operations at Jwaneng
In preparation for Debswana’s upcoming Jwaneng underground project, in Botswana, the company has been fostering local talent and enhancing skills development by recruiting graduate learners in...
Predictive says Bankan PFS to be published in April
ASX-listed Predictive Discovery has informed shareholders that a prefeasibility study on the Bankan gold project, in Guinea, will be published in mid-April, which is later than the initially...
Lucapa recovers 203 ct diamond in Angola
ASX-listed Lucapa Diamond Company has recovered a 203 ct type IIa diamond at its 40%-owned Lulo Alluvial operations, in Angola. The diamond is the fifth-largest diamond to be recovered from Lulo...
Glencore bids Coates farewell, appoints Wallington nonexec director
Global miner Glencore has announced the retirement of board member Peter Coates effective May 29, after a 30-year association with Glencore. He joined the Glencore board in 2011 and has served as...
Cadence to revise Amapá mine plan after successful optimisation study
Aim-listed Cadence Minerals has completed a capital expenditure optimisation programme at the Amapá iron-ore project, in Brazil, identifying significant savings in processing plant recommissioning,...
Largo’s net loss widens to $32m, but incoming ilmenite output shows promise
Canada-headquartered vanadium miner Largo says its financial results continued to be adversely affected by lower vanadium prices in the year ended December 31, particularly a 22% year-on-year...
Unprecedented crime levels threaten mining’s sustainability
Amid South Africa’s ticking of all the boxes for a fertile environment for organised crime – economic inequality, rampant crime, widespread government corruption and poorly performing State organs...
Unprecedented crime levels threaten mining’s sustainability
Amid South Africa’s ticking of all the boxes for a fertile environment for organised crime – economic inequality, rampant crime, widespread government corruption and poorly performing State organs...
Public Enterprises Committee refers SAA takeover matter to SIU for investigation
The Portfolio Committee on Public Enterprises has decided to refer the matter of the Takatso Consortium’s now-cancelled plans to buy a 51% stake in South African Airways (SAA) to the Special...
Sibanye appoints veteran Cochran to oversee uranium developments
Diversified miner Sibanye-Stillwater has appointed Greg Cochran executive VP of uranium, effective June 1. He will be responsible for developing and driving strategies to realise and optimise the...
Perseus increases takeover offer price of OreCorp to A$0.575
ASX- and TSX-listed Perseus Mining has increased its off-market takeover offer price to acquire OreCorp to A$0.575 a share, provided that OreCorp recommends that shareholders accept the offer....
Glencore sets 25% emissions reduction target in new climate plan
Global miner Glencore confirms in its latest Climate Action Transition Plan (CATP) for 2024 to 2026, published on March 20, that it is on track to achieve its emission reduction targets of 15% by...
Kenmare profit dips on back of weaker market, operational challenges
London-listed titanium and zircon producer Kenmare Resources reported earnings before interest, taxes, depreciation and amortisation (Ebitda) of $220-million for 2023, a 26% decrease on the Ebitda...
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.
South Africa Wine announces deep-dive research initiative into improving Chenin Blanc value chain
Industry body South Africa Wine has partnered with the South African Grape and Wine Research Institute, the Chenin Blanc Association of South Africa and Stellenbosch University (SU) to advance the...
World falling short of needed sustainable infrastructure investment, says FIDIC
In an address delivered during the Consulting Engineers South Africa (CESA) Infrastructure Indaba, in Cape Town, on March 19, International Federation of Consulting Engineers (FIDIC) CEO Dr Nelsono...
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....
Partnerships with the private sector, communities key to building climate-resilient infrastructure
The African continent needs an estimated $190-billion a year to meet its climate change mitigation and energy needs transition, but 57% of countries are in debt and unable to support the amount of...
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...
Skills development central to fixing water quality issues, says Mavuso
In her latest weekly newsletter, published on March 18, Business Leadership South Africa (BLSA) CEO Busi Mavuso addresses the major challenge of local government’s mismanagement of water...
Libstar’s earnings dragged down by weak consumer demand
Consumer packaged goods group Libstar has reported year-on-year declines in its normalised earnings, headline earnings and operating profit for the year ended December 31. Normalised headline...
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...
PetroSA confirms no injuries from fire at Mossel Bay refinery
State-owned Petroleum Oil and Gas Corporation of South Africa (PetroSA) has confirmed it safely contained and extinguished a fire at its gas-to-liquids refinery in Mossel Bay, with no sustained...
Crisis of confidence has exacerbated sub-Saharan Africa’s funding squeeze
Various shocks have resulted in commodity price pressure and fiscal constraints globally, but sub-Saharan African countries, in particular, have been experiencing a “funding squeeze” as a result of...
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...
Attacq posts growth in interim distributable income
JSE- and A2X-listed real estate investment trust (Reit) Attacq has posted a higher distributable income per share (DIPS) of 36.9c for the six months ended December 31, 2023, compared with the DIPS...
DBSA to co-finance three wind farms in the Eastern Cape
The Development Bank of Southern Africa (DBSA) has been appointed to act as a co-mandated lead arranger alongside Absa and Nedbank to provide debt funding and black economic empowerment equity...
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