Platinum to remain in deficit this year, while palladium, rhodium may record surpluses – Johnson Matthey

Sustainable technologies group Johnson Matthey notes in its latest 'PGM Market Report' that platinum demand will exceed supply again this year on the back of firm industrial use and constrained... 

Association urges action to ensure Canada's mining sector remains globally competitive

While Canada has the minerals and metals the world needs, strong environmental and labour standards and significant untapped potential, it must improve the efficiency and predictability of project... 

Agnico Eagle to invest $14bn in its Ontario mining assets by 2030 as mine permit reforms start to pay off

Canada's largest mining company Agnico Eagle has announced plans to invest $14-billion across its operating, development and exploration assets in Ontario by 2030, including $2-billion on its... 

Peninsula secures $56m funding package to advance Lance project to full production

ASX-listed uranium company Peninsula Energy has secured a $56-million funding package to accelerate mine development, production growth and strategic expansion initiatives at its flagship Lance... 

Barminco awarded A$850m Bellevue contract; Develop Global awarded lithium mine contract

ASX-listed Perenti's underground mining business Barminco has been awarded a four-year underground mining contract, valued at about A$850-million, at the Bellevue gold project, in Western... 

Trafigura partners with Egyptalum, MIH to build aluminium smelter in Egypt

Global commodities group Trafigura has entered into exclusive negotiations with the Egyptian Aluminium Company (Egyptalum) and the Metallurgical Industries Holding Company (MIH) to develop a new... 

MC Mining making strides at Makhado, while Uitkomst remains suspended

Construction activities at coal asset developer MC Mining's Makhado hard coking coal project has regained momentum following weather-related interruptions at the start of this calendar year, with... 

Record copper sales, higher prices bolster Teck's first-quarter Ebitda, profit

Record quarterly copper sales volumes, significantly higher commodity prices and higher revenue from by-products contributed to a 125% year-on-year increase in Canadian resource company Teck's... 

Strong demand for DMTN issuance reflects confidence in credit market conditions, says Fortress

JSE-listed Fortress Real Estate Investments has announced the successful issuance of about R1.06-billion under its domestic medium-term note (DMTN) programme. The issuance comprised two tranches –... 

SAHPRA to monitor Citro-Soda production standards following recall

The South African Health Products Regulatory Authority (SAHPRA) says it will continue to monitor the implementation of actions by pharmaceutical company Adcock Ingram at its Clayville, Gauteng,... 

Death toll in Ormonde building collapse rises to nine

Johannesburg Mayor Dada Morero on March 3 said the death toll in the collapse of a two-storey building under construction in Ormonde had increased to nine, while the process to identify the owners... 

Mantashe expects to receive Ekapa update later on Tuesday

Mineral and Petroleum Resources Minister Gwede Mantashe is planning a follow-up visit to the Ekapa mine, in the Northern Cape, on Friday and is expecting to receive an update from the Chief... 

Ivanhoe's third-quarter profit falls on lower Kamoa-Kakula sales volumes; Platreef reaches a milestone

Base and precious metals miner Ivanhoe Mines recorded a profit of $31-million for the quarter ended September 30, compared with profit of $108-million reported for the third quarter of 2024, as a... 

Anglo reports solid third-quarter performance, lifts full-year output guidance for Minas-Rio

Diviersfied miner Anglo American, which is set to merge with Teck Resources, has achieved a "solid quarter in copper and iron-ore", CEO Duncan Wanblad says, adding that the group is well positioned... 

B2Gold achieves commercial production at its Goose mine

Vancouver-headquartered B2Gold Corp has declared commercial production at its Goose mine, in Nunavut, Canada. The mine is part of the company's Black River Gold District and is expected to... 

Rio Tinto, partners to invest $733m in Pilbara iron-ore sustaining project

Diversified miner Rio Tinto and its partners in the Robe River joint venture (JV), Mitsui and Nippon Steel, will invest $733-million to develop the West Angelas sustaining project, in Western... 

Copper 360 to undertake R1.15bn rights offer amid restructuring

Northern Cape-focused copper mining company Copper 360 will undertake a rights offer of R1.15-billion, comprising new equity of R400-million and debt conversion of up to R750-million. This forms... 

DRDGOLD flags up to 74% increase in full-year earnings

Surface gold miner DRDGOLD expects to report an up to 74% increase in earnings per share (EPS) and headline earnings per share (HEPS) for the financial year ended June 30, primarily on the back of... 

South32 to take $372m impairment on Mozal; mulls smelter's closure on power cost concerns

Diversified natural resources group South32 has warned that it will have to put its Mozal aluminium smelter on care and maintenance in early 2026, as it struggles to secure sufficient and... 

Updated DFS delivers improved results for West Wits’ Qala Shallows project

An updated definitive feasibility study (DFS) on ASX-listed West Wits Mining’s Qala Shallows project – part of the broader Witwatersrand Basin Project (WBP) – has delivered a “compelling outcome”,... 

Gem may cut Letšeng workforce by 20%

London-listed Gem Diamonds’ share price fell by more than 22% on July 23 after the company announced plans to scale back operations at its Letšeng mine, in Lesotho, to reduce costs in a difficult... 

Kinterra, CAML raise the stakes in battle for control of New World Resources

Private equity firm Kinterra Capital and London-listed Central Asia Metals (CAML) have both increased their offers to shareholders of ASX-listed New World Resources, as the companies vie to acquire... 

South Africa to continue talks with US on 30% tariff

Engineering News editor Terence Creamer discusses the implications of a 30% tariff imposed by the US on imports from South Africa from August 1. 

Aveng warns of full-year loss

JSE-listed international engineering-led contractor Aveng has warned shareholders that it is likely to report a loss for the financial year ending June 30, mainly as a result of challenges with the... 

Godongwana congratulates three new Treasury DDGs on their appointment

Finance Minister Enoch Godongwana has congratulated Ulrike Britton, Ogalaletseng Gaarekwe and Christopher Axelson on their appointment as deputy directors-general (DDGs) in the Department of... 

Gautrain launches 50% discount for some train users to improve affordability

The Gautrain Management Agency has launched KlevaMova, a special product offering a 50% discount on train trips to individuals living in households with a combined household annual income of R350... 

Goldplat's South African operations swing to profit for the second quarter

The CEO of Aim-listed mining services group Goldplat, Werner Klingenberg, has applauded the work undertaken at its gold recovery operations in South Africa and Ghana during the quarter ended... 

DPWI seeks input on better uses for 24 underutilised State-owned properties

The Department of Public Works and Infrastructure (DPWI) has released requests for proposals (RFPs) for 24 underutilised State-owned properties across the country. Members of the public and private... 

Anglo sells further 6.6% stake in Amplats for R9.6bn

Anglo American South Africa, a wholly-owned subsidiary of diviersified miner Anglo American, has sold 17.5-million shares in platinum group metals (PGM) miner Anglo American Platinum (Amplats) at... 

Kore signs final fixed-price EPC contract for its Kola project

Potash development company Kore Potash, which owns 97% of the Kola and DX projects in Congo-Brazzaville, has signed a final engineering, procurement and construction (EPC) contract with PowerChina... 

Amplats raises full-year refined PGM production guidance

Platinum group metals (PGM) miner Anglo American Platinum (Amplats) has raised its refined PGM production guidance for the full-year to December 31 to between 3.7-million and 3.9-million ounces,... 

Kumba's third-quarter output down 3% y/y on the back of logistics constraints

South African iron-ore miner Kumba Iron Ore recorded a 3% year-on-year decrease in output to 9.4-million tonnes for the third quarter ended September 30, as derailments, rail breakages and speed... 

De Beers assessing options to lower production amid high midstream inventory levels

Diamond miner De Beers maintains its full-year production guidance at between 23-million and 26-million carats, but says it is actively assessing options with its partners to reduce production... 

Neo Energy Metals to acquire two uranium, gold projects in South Africa’s Witwatersrand basin

Neo Uranium Resources Beisa Mine (NURB), a subsidiary of South Africa- and London-listed Neo Energy Metals (NEO), has signed a binding agreement to acquire the Beisa North and Beisa South uranium... 

Kumba to treble premium iron-ore output at Sishen through ‘compelling’ R11.2bn investment

The board of Kumba Iron Ore has approved a further R7.6-billion investment in ultrahigh dense media separation (UHDMS) processing technology at the Sishen mine, in the Northern Cape. This follows... 

Updated scoping study lifts Sylvania's Volspruit pre-tax NPV to R1.2bn

A updated scoping study on Aim-listed platinum group metals (PGM) producer and developer Sylvania Platinum's Volspruit project, located on the southern end of the northern limb of the Bushveld... 

Neo Energy Metals to acquire two uranium, gold projects in South Africa's Witwatersrand basin

Neo Uranium Resources Beisa Mine (NURB), a subsidiary of South Africa- and London-listed Neo Energy Metals (NEO), has signed a binding agreement to acquire the Beisa North and Beisa South uranium... 

June 2025 targeted for new cadastre migration

Mineral and Petroleum Resources Minister Gwede Mantashe has said the migration to a new mining cadastre system is expected to be completed by June 2025. The former Department of Mineral Resources... 

Taseko looks forward to stronger second-half output

Midtier copper producer Taseko Mines has reported adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) of C$120.7-million for the six months ended June 30. That compares... 

Migration to new mining cadastre expected to be completed by June 2025 – Mantashe

Mineral and Petroleum Resources Minister Gwede Mantashe has said the migration to a new mining cadastre system is expected to be completed by June 2025. The former Department of Mineral Resources...