Mantengu disposes of Blue Ridge Platinum

JSE-listed Mantengu has concluded negotiations with Afresources Mining regarding the disposal of Mantengu’s entire shareholding and claims in its 70%-owned subsidiary Blue Ridge Platinum. Mantengu... 

South32 delivers strong operating results, accelerates portfolio transition

In its latest quarterly report, diversified miner South32 CEO Matt Daley says the group continued to deliver strong operating results, exceeding group production guidance for the financial year... 

Ramaphosa highlights importance of collaboration during South Africa-Namibia Binational Commission

Given the shared geology and geographical proximity between South Africa and Namibia, there is a compelling case for closer collaboration in exploration, infrastructure development, skills... 

Arkle expands drilling programme at Namibia uranium project

London-listed Arkle Resources has announced that the initial 1 500 m reverse circulation (RC) drilling programme at its Erongo uranium project, in Namibia, is proceeding as planned. Carnotite, a... 

Kodal monitoring Bougouni processing plant improvements following lower Q2 output

Aim-listed Kodal Minerals has reported that the spodumene production result for the second quarter ended June 30 was below management’s budget, mainly owing to maintenance and breakdown issues with... 

Perseus pursues value creating organic growth opportunities at the Yaouré gold mine

ASX-listed Perseus Mining has provided an update on the suite of growth projects being pursued at its Yaouré gold project, in Côte d’Ivoire, including results from ongoing resource definition... 

Higher sales volumes, prices contribute to significant earnings increases for Valterra

Platinum group metals (PGMs) miner Valterra Platinum expects its headline earnings and headline earnings per share (HEPS) for the six months ended June 30 to increase by more than 1 388%... 

Capital reports record revenue in the second quarter

Mining services company Capital has reported another quarterly revenue record of $117.3-million for the three months ended June 30. This contributed to stronger-than-expected revenue of... 

West Red Lake Gold reports strong second-quarter operational performance

Canadian gold producer and developer West Red Lake Gold Mines has reported that meaningful progress has been made in the ramp-up of its Madsen mine, in the Red Lake mining district of Ontario,... 

CMC appoints GreenMet as strategic development partner for North American Critical Manganese Alliance

Exploration and development company Canadian Manganese Company (CMC) and financial services company GreenMet have announced the execution of a strategic development and capital formation letter of... 

Silicon Ridge PEA estimates $12.1-billion after-tax NPV

US-based, vertically integrated producer of advanced materials and critical mineral solutions Ionic Mineral Technologies (Ionic MT) has announced the results of an independent preliminary economic... 

TRX Gold reports record throughput, plant expansion milestones

TSX-listed TRX Gold Corporation CEO Stephen Mullowney says the company’s results for the quarter ended May 31 demonstrate that the company’s investments in plant optimisation are delivering... 

Traction Uranium terminates option agreement for the Hearty Bay project

Canadian uranium miner Traction Uranium Corporation has terminated its property option agreement with F4 Uranium Corp. The parties entered into an agreement in December 2021, giving Traction the... 

Exxaro celebrates commercial operation of Lephalale solar project

Diversified resources group Exxaro Resources has, through its wholly-owned renewable-energy business Cennergi, celebrated the commercial operations date milestone of the Lephalale solar project... 

Raubex advances process to decide on options for its shareholding in Bauba Resources

JSE-listed Raubex has advised shareholders that, further to its announcement on June 1, the company has advanced the process relating to the evaluation of strategic options for its investment in... 

Tusker’s Cameroon project shows significant rutile reserves

ASX-listed Tusker Minerals has announced a Joint Ore Reserve Committee (Jorc) exploration target of 2.1-billion to 2.6-billion tonnes at 2.1% to 2.3% total heavy minerals (THMs) for the Diwong... 

Nedbank CIB underwrites mining credit facility for the Geita gold mine

Nedbank Corporate and Investment Banking (Nedbank CIB) has structured and underwritten a $500-million credit facility for gold major AngloGold Ashanti's Geita gold mine, in Tanzania. In a media... 

Precious metals prices drop amid resurfacing Middle East tensions

Following the latest hostilities in the US war with Iran, precious metals prices dropped across the board, with the gold price falling back below $4 100/oz and silver below $60/oz. In its latest... 

De Beers to pause Venetia production amid portfolio, organisational changes

Diamond miner De Beers Group has, consistent with recent actions to improve business resilience, decided to pause production at its Venetia mine, in South Africa, for two years to reduce costs... 

Local government's day of reckoning has arrived – Mavuso

National Treasury’s decision to withhold the July equitable share transfer from 69 municipalities follows more than a decade of ignored Auditor-General warnings on municipal deterioration and... 

Initial northerly exploration holes confirm continued mineralisation at Shuka’s Zambia zinc mine

Aim- and AltX-listed Shuka Minerals has successfully completed the sixth and seventh drill holes, KBDD06 and KBDD07, in the previously unmined Speaks and Mine Club zones at its Kabwe zinc mine, in... 

Godongwana outlines next steps after withholding equitable share transfers of 69 municipalities

Finance Minister Enoch Godongwana has outlined what National Treasury expects affected municipalities to do in order to have their equitable share transfers reinstated. Earlier this week, Treasury... 

BYD, Absa launch BYD Finance

Chinese new-energy vehicle and technology company BYD and financial services provider Absa have launched BYD Finance with the aim of making new-energy mobility more accessible locally. Building on... 

Lake Victoria Gold mobilises senior project manager to Imwelo project

TSX-V-listed Lake Victoria Gold says Charl Coetzee of Sutton Consulting International has mobilised to the company’s fully permitted Imwelo gold project, in northwestern Tanzania, as project... 

Kazera subsidiary secures long-term strategic development partner for flagship project

Aim-listed Kazera Global’s subsidiary Whale Head Minerals (WHM) has entered into a long-term mining cooperation and production sharing agreement with South Africa AT Investments (SAI), establishing... 

Transnet Port Terminals moves to have seven companies blacklisted over unethical, unlawful conduct

As part of its intensified drive to combat fraud, theft and corruption across its business, State-owned Transnet Port Terminals (TPT) says it has successfully applied to the National Treasury for... 

Predictive Discovery delivers ‘outstanding’ third-quarter results at Guinea gold mine

TSX-listed Predictive Discovery (PDI) has reported that its Kiniero gold mine, in Guinea, delivered an outstanding operational performance during the quarter ended June 30. The company reports that... 

The Wilmington Group launches fully managed waste, recycling service for multi-site operations

The Wilmington Group, a recycling, secure destruction and managed waste services provider, has announced the launch of OneWaste – a fully managed waste and recycling service for organisations... 

Kamoa-Kakula’s second-quarter output reached 64 328 t of copper – Ivanhoe

TSX-listed Ivanhoe Mines has reported that Kamoa-Kakula, in the Democratic Republic of Congo, produced 64 328 t of copper in the second quarter of this year, while improved mining rates and... 

Manufacturing organisations call for clarity on treasury’s comments on manufacturing, employment

Industry bodies the Steel and Engineering Industries Federation of Southern Africa (Seifsa), the Manufacturing Circle and the Powerline and Substation Association (Polasa) have noted, with concern,... 

DMCC’s Dubai Diamond Exchange, London Diamond Bourse sign MoU to strengthen global diamond trade

Dubai Multi Commodities Centre (DMCC), the international business district that drives the flow of global trade through Dubai, has announced a new memorandum of understanding (MoU) between the... 

Hamak reports further high-grade drilling results at Ghana gold project

Aim-listed Hamak Strategy has announced further high-grade reverse circulation (RC) intercepts from the Akoko oxide gold project, in south-west Ghana. Hamak CEO and executive director Karl Smithson... 

Lexington Gold engages Shango for Kroonstad Jorc target upgrade

Aim-listed Lexington Gold has engaged independent South African geological consultancy Shango Solutions to undertake historical data capture, database establishment, 3D geological modelling and... 

Organisations ask South Africans to help it collect data for national crane census

The Endangered Wildlife Trust (EWT) is, in partnership with the International Crane Foundation (ICF), urging South Africans to participate in a national Crane Census over four days in July. The... 

Drill results demonstrate shallow mineralisation, strong continuity at Kendrick’s Namibia project

Aim-listed Kendrick Resources has announced the latest portable X-ray fluorescence (pXRF) analytical results from diamond drill holes TKDD004 to TKDD006 at the Teufelskuppe (TK) project, in... 

Phase 3 drilling programme at Prospect’s Zambia project on schedule

The overall Phase 3 exploration programme at ASX-listed Prospect Resources’ Mumbezhi copper project, in Zambia, is progressing to schedule and budget, with MD and CEO Sam Hosack reporting that... 

Tyranna subsidiary sells Angola lithium project for $1.44m

ASX-listed Tyranna Resources’ 97%-owned subsidiary Angolan Minerals has executed a binding share purchase agreement with Sinomine Resource (Guangdong Hengqin) Supply Chain Co – a trade and... 

AfriSam warns of margin squeeze for concrete product manufacturers as cost pressures intensify

Concrete product manufacturers (CPMs) in South Africa are facing a tightening margin squeeze, with rising input and transport costs set to place further pressure on already constrained operations.... 

Ankh completes maiden diamond drilling programme at Egypt project

UK-based Ankh Resources has announced the receipt and disclosure of assay results for the seventeenth and final diamond drill hole (WDD017) of its maiden drilling programme at the Wadi Dara... 

Prospecting licences renewed, drilling under way for Power Metal’s Botswana project

Aim-listed Power Metal Resources says drilling has begun as part of a 1 600 m core drilling programme targeting an initial five high-interest geological and geophysical targets on the eastern...