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Green Technology takes option on Ontario lithium project
6th March 2023 Canada-focused multi-asset lithium business Green Technology Metals has signed a binding agreement for a C$500 000 option to purchase an 80% interest in the Junior Lake project from Landore Resources Canada. The project, currently fully-owned by Landore, comprises 591 staked mineral claims on 10... →
QPM’s TECH project receives potential loans totalling A$900m
6th March 2023 Canadian export credit agency Export Development Canada (EDC) has doubled its indicative debt financing commitment in ASX-listed critical minerals developer Queensland Pacific Metals’ (QPMs’) for the TECH project to A$400-million. EDC’s interest, expressed through the non-binding letter of... →
Africa should build battery metals value chain to capitalise on its mineral resources
3rd March 2023 The world must decarbonise its growth models and shift to renewable energy sources to meet the goals of the Paris Climate Agreement, the United Nations’ (UN’s) Sustainable Development Goals and Africa’s Agenda 2063, UN Economic Commission for Africa acting executive secretary Antonio Pedro has... →
KP Lime looks to expand with an additional pit
3rd March 2023 Global commodities trader IMR Resources is set to expand its Kgatelopele Lime (KP Lime) mine, in the Northern Cape, with a second openpit operation that is expected to be built within the next two years in close proximity to the currently in-use Bowden pit. Previously owned by construction... →
‘Responsible platinum’ information portal launched
3rd March 2023 Platinum marketing organisation Platinum Guild International (PGI) has launched an information portal on responsible platinum to help the jewellery trade and consumers learn about how platinum is responsibly sourced, abiding by industry-leading guidelines concerning environmental standards,... →
DRA secured new contracts, rebased the business in 2022
28th February 2023 Deals worth A$638-million were awarded to multidisciplinary engineering, project management and operations management group DRA Global in 2022, as the group sought to strengthen its relationships with longstanding clients and broadened its geographic footprint. "Financial year 2022 saw the... →
Junior miner allocations won't impact existing manganese slots – TFR
28th February 2023 State-owned rail operator Transnet Freight Rail (TFR) says its opening of rail capacity allocations to junior miners will not impact existing guaranteed manganese miner export allocations. As part of what it says is an expansion of rail capacity allocation and efforts to create a more inclusive... →
Anglo appoints nonexec director, sustainability committee member
28th February 2023 Diversified miner Anglo American has appointed Magali Anderson nonexecutive director and a member of its board sustainability committee, effective April 1. She is currently building materials company Holcim Group’s chief sustainability and innovation officer and a member of Holcim’s executive... →
Kavango completes strategic review to bolster push into Botswana
28th February 2023 Southern Africa-focussed metals explorer Kavango Resources has completed its strategic review, which was undertaken to provide a detailed analysis of the company’s current projects, its operations in Botswana, its commodity focus, opportunities for regional expansion and outline the swiftest path... →
Technology Minerals receives five exploration permits in Cameroon
28th February 2023 Cameroon’s Ministry of Mines, Industry and Technological Development has granted five exploration permits for LSE-listed battery minerals company Technology Minerals’ nickel, cobalt and copper project, which has recently been validated under Cameroon law. At least three of the permits are in... →
Lifezone completes technical report summary for 40.4Mt Kabanga nickel project
27th February 2023 Critical minerals and green beneficiation company Lifezone Holdings has completed an S-K 1300 technical report summary (TRS) estimating mineral resources of 40.4-million tonnes for its exploration-stage Kabanga nickel project in north-west Tanzania. Lifezone believes the Kabanga project,... →
Shanta boosts group resources threefold in five years through exploration
27th February 2023 East Africa-focused gold producer, developer and explorer Shanta Gold reports that, over the past five years, it has grown its group resources threefold from 1.2-million ounces grading at an average of 3.28 g/t, to a currently-held 3.7-million ounces, says CEO Eric Zurrin. He says ongoing... →
URA completes acquisition to take ownership of extensive Gravelotte mine
27th February 2023 LSE-listed diversified explorer URA has completed the acquisition of 100% of the issued shares in Gem Venus Holdings – the owner of the majority interest in the Gravelotte emerald mine, in South Africa’s Limpopo province, from ASX-listed Magnum Mining and Exploration. Through the acquisition,... →
Hulamin expects to report lower earnings, headline earnings for 2022
27th February 2023 In anticipation of releasing its full-year results for 2022, on March 6, JSE-listed aluminium semi-fabricator Hulamin reports that its earnings a share are expected to decrease by 45% to 53% to between 91c and R1.05. Headline earnings a share are expected to decrease by 41% to 49% year-on-year... →
Business resiliency the reason South Africa’s economy is persevering – Jammine
24th February 2023 Despite South Africa’s economy being “not a great environment” currently, economic consultancy Econometrix director and chief economist Dr Azar Jammine said South African business has shown typical resilience, ensuring “things are not collapsing completely”. Speaking at the yearly post-Budget... →
Harmony expects interim earnings to rise between 20% and 40%
23rd February 2023 Ahead of the March 1 release of its results for the six months to December 31, 2022, gold miner Harmony Gold reports that its basic earnings will be between 20% to 40% higher year-on-year. Earnings a share are expected to be between R2.73 and R3.18. →
Gold Fields’ production exceeds guidance but its full-year profit falls
23rd February 2023 JSE- and NYSE-listed gold miner Gold Fields produced 2.4-million ounces of gold for the year ended December 31 – a 3% year-on-year increase and exceeding guidance of between 2.31-million and 2.36-million ounces. In what interim CEO describes as an "eventful" year for the gold producer, its profit... →
Hummingbird receives further investment to bring Kouroussa online
22nd February 2023 Aim-listed gold explorer and developer Hummingbird Resources reports that a conditional $1.4-million has been invested into the company by certain existing institutional shareholders. This comes on the back of $15-million being invested into Hummingbird on February 7 by African investment company... →
Premier's Zulu lithium, tantalum project nears completion
22nd February 2023 Diversified miner and developer Premier African Minerals CEO George Roach reports that the company's Zimbabwe-based Zulu lithium and tantalum project is on track to produce spodumene concentrate before the end of the first quarter. “We are in the home stretch in terms of final plant assembly and... →
Shanta upgrades West Kenya’s Ramula resource estimate
22nd February 2023 East Africa-focused gold producer, developer and explorer Shanta Gold has updated the mineral resource estimate (MRE) for the Ramula deposit at its West Kenya project, adding 39% more ounces. This updated resource estimate follows the successful completion of the company’s 2022 drilling programme... →
Haib exploration licence remains in limbo as court verdict postponed again
22nd February 2023 TSX-V-listed Deep-South Resources reports that the High Court of Namibia has postponed providing a verdict in the case to review the Namibian Mines and Energy Minister’s refusal to not renew the exploration and prospecting licence (EPL) for Deep-South’s Haib copper project. Deep-South wants to... →
Cabinet endorses appointment of Moloi as RTIA registrar, CEO
22nd February 2023 The Road Traffic Infringement Agency (RTIA) says the appointed of Matsemela Moloi as registrar and CEO, effective March 1, has been confirmed by Cabinet. He has been serving as acting RTIA registrar since February last year when he was seconded from the Road Traffic Management Corporation (RTMC)... →
Reits likely to outperform as pressures ease
22nd February 2023 With the worst impacts of the Covid-19 pandemic having subsided, the increased interest rate cycle nearing its end and landlords finding power generation solutions, South Africa's real estate investment trusts (Reits) are likely to outperform cash and government bonds in the long term, says South... →
Bushveld Electrolyte Company on track for first production
21st February 2023 Integrated primary vanadium producer and energy storage solutions provider Bushveld Minerals reports that its South African vanadium electrolyte factory – Bushveld Electrolyte Company (Belco) – is on track for completion before the end of the first half of the year. The Belco plant is currently... →
SBI lists issues impeding economic growth ahead of Godongwana budget
21st February 2023 Ahead of the national budget, to be tabled on February 22, the Small Business Institute (SBI) has called on Finance Minister Enoch Godongwana to support small businesses and their employees, households and families who are facing high costs of living and experiencing negative impacts as a result... →
Paramount Group unveils new logo at IDEX
21st February 2023 Aerospace and defence company Paramount Group has introduced what it says is an evolution of its brand by redeveloping its logo, which was unveiled at the International Defence Expo, which is being held at the Abu Dhabi National Exhibition Centre, in the United Arab Emirates (UAE). Founded in... →
Gemfields has its eye on security measures following Cabo Delgado attacks
21st February 2023 Gemstone miner Gemfields, which has operations in Mozambique and Zambia, has reiterated the emphasis it places on operational personnel's safety in Mozambique following a series of insurgent attacks in the country, with a current hotspot in the Cabo Delgado province. It has been alleged that the... →
KAP’s interim revenue up 12%, but earnings down 2% on lower demand
21st February 2023 Diversified industrial, chemical and logistics group KAP Industrial increased its revenue for the six months ended December 31 by 12% year-on-year to R15.26-billion but earnings before interest, taxes, depreciation and amortisation decreased by 2% to R2.2-billion. Operating profit before capital... →
Mpact expects earnings to increase on the back of product demand
20th February 2023 Ahead of the release of its audited financial results on March 7, paper and plastics manufacturer Mpact reports that its revenue for 2022 increased by about 7% to R12.4-billion, driven by paper demand and higher selling prices. In the paper business, good demand in containerboard and cartonboard... →
KCB expert recommends Kavango focus more on Karakubis project
20th February 2023 Mining consultancy Tulia Blueclay (TB) professional geologist David Catterall, who has been appointed to enhance Botswana-focussed metals exploration company Kavango Resources’ insight into its Karakubis copper project, recommends the company immediately focus its exploration efforts on this... →
Financial services group to focus on Africa by establishing a presence in South Africa
20th February 2023 With an abundance of untapped investment potential throughout Africa, financial services company Anolawave has established a presence in South Africa, co-founded by Lightcone Asset Management Limited, seasoned mining engineer Ralph Bagirathi and applied economist Dr Julian Naidoo. South... →
Aterian’s exploration in southern Rwanda reveals rare-metal hosting targets
20th February 2023 Twenty-two zones of potentially mineralised pegmatite have been identified at LSE-listed explorer and developer Aterian’s projects in southern Rwanda, confirming the presence of a number of rare-metal hosting targets for future exploration and evaluation. The company’s wholly-owned Rwandan... →
Marula increases stake in Kinusi copper project to 75%
20th February 2023 Africa-focused battery metals investment and exploration company Marula Mining has amended the terms of its agreement with Tanzanian mining company Takela Mining Tanzania to increase its interest in the ten granted mining licences that make up the Kinusi copper project, in the Mpwapwa district in... →
Fairvest completes 2Twenty Madiba aesthetic refurbishment
17th February 2023 Diversified real estate investment trust (Reit) Fairvest has completed an aesthetic refurbishment of the landmark offices at 220 Madiba street, in central Pretoria. Fairvest says the upgrade of 2Twenty Madiba, as the building has been renamed, combines heritage with modernity, securing its... →
South Africa to benefit from expansion of Brics – Brand SA
17th February 2023 Brand South Africa (SA) says that, as South Africa assumes chairpersonship of the Brazil, Russia, India, China and South Africa (Brics) bloc of countries this year, it stands to benefit from a proposed enlargement of the bloc, enabling the country to extend its global influence and strengthen... →
UK eyeing hydrogen production with keen interest into electrolysis – WPIC
17th February 2023 Platinum investment promoter the World Platinum Investment Council (WPIC) says the launch of the UK’s inaugural Hydrogen Week, demonstrates the growing momentum around the use of hydrogen to help achieve decarbonisation targets in the UK. The event – taking place from February 13 to 19 in... →
Mining fatalities reach new low of 49 while injuries, disease also decrease
17th February 2023 South Africa’s mining industry suffered 49 fatalities in 2022 – a 34% improvement on the 74 fatalities of 2021 and a record low, thereby continuing the downward trend many in the mining industry have been rallying behind. “There has been no mine disaster or an accident where five or more people... →
Isuzu retains top truck selling position for tenth year, looks to expand diesel alternatives
16th February 2023 Commercial vehicle manufacturer Isuzu Truck, which is celebrating a tenth consecutive year as the truck market leader, is progressing with plans to roll out newer and more environment-friendly truck drivetrain options. According to the latest report by naamsa | The Automotive Business Council,... →
First locally-made automated shaft sinking drill rig shipped to overseas client
16th February 2023 Rosslyn-based mechanical engineering company Impco Engineering has completed the development and construction of its first automated and energy-efficient Jumbo shaft sinking drill rig, which has been ordered by an overseas client and was shipped at the beginning of February. Impco, which has been... →
Pan African reconfigures mines to address production slip; focusses on solar PV
15th February 2023 JSE- and LSE-listed midtier gold producer Pan African Resources produced 92 307 oz of gold for the six months to December 31, 2022 – down 14.6% year-on-year, following the record gold production achieved in the six months to December 31, 2021. It does, however, expect production to increase in... →
Amplats' Viljoen makes a move to Newmont
15th February 2023 Anglo American Platinum (Amplats) CEO Natascha Viljoen is stepping down from her position at the platinum group metals (PGMs) miner after accepting an executive VP and COO position at US-based diversified miner Newmont Corporation. Having been with Amplats since April 2020, she will continue to... →
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