Ascot launches up to C$65m private placement

Vancouver-based Ascot Resources has announced a best-efforts private placement offering to raise between C$60-million and C$65-million. The offering, led by Desjardins Capital Markets and BMO... 

Cabinet faced with trade-offs in new Budget

Engineering News editor Terence Creamer discusses what led to Finance Minister Enoch Godongwana being unable to deliver what was meant to have been the first Budget since the formation of the... 

Lufuno Rasoesoe

This week we profile Lufuno Rasoesoe, founder and MD of cleaning detergents manufacturer and supplier Lajoya Holdings, trading as TOSH Detergents  

AWSISA calls for establishment of “utilities of the future” to address the water, energy nexus

The African Water and Sanitation Industry Association (AWSISA) is advocating for the creation of “utilities of the future”, with water management experts such as water boards partnering... 

Pan American reports record free cash flow

Canada-based, Latin America-focused Pan American Silver has reported record free cash flow for the fourth quarter and full year of 2024, supported by strong metal prices, expanding margins, and... 

Poll shows rising support for uranium mining in WA

New polling data reveals that a majority of West Australians support lifting the state's uranium mining ban, as the global demand for the commodity continues to rise. The survey, conducted by... 

Alamos reports record production and strong margins, driving free cash flow

Toronto- and New York-listed Alamos Gold has reported a record operational and financial performance for 2024, achieving an all-time high free cash flow of $272-million while continuing to fund... 

Sentech advances mission-critical connectivity with 450 MHz spectrum exploration

Sentech is taking significant steps in advancing government mission-critical infrastructure by exploring opportunities in the 450 MHz spectrum. This strategic initiative aligns with Sentech’s... 

Wyloo, Hastings to form Yangibana rare earths JV

Billionaire Andrew Forrest’s Wyloo has entered into exclusive negotiations with ASX-listed Hastings Technology Metals to establish an unincorporated joint venture (JV) for the Yangibana rare earths... 

Caledonia appoints successor to outgoing CFO

Chester Goodburn will step down as Zimbabwe-focused gold miner Caledonia Mining Corporation's CFO on March 24 and will be succeeded by Ross Jerrard. Jerrard, aged 50, brings extensive experience in... 

Salungano CFO resigns

JSE-listed Salungano Group, which owns coal mining operations in South Africa, has announced the resignation of CFO and executive director Kabelo Maroga, with effect from February 18. Acting CFO of... 

Eskom, Natjoints collaborate to combat violent crimes against Eskom employees

Power utility Eskom says it is working closely with the National Joint Operational and Intelligence Structure (Natjoints) Energy Safety & Security Priority Committee to address the rising wave of... 

Aveng shares details of Moolmans subsidiary's R10.6bn contract at Gamsberg

JSE-listed Aveng confirmed on February 19 that its contract mining subsidiary Moolmans had concluded a new 60-month contract, valued at about R10.6-billion, at the Gamsberg zinc mine, in the... 

Fortescue secures over 90% of Red Hawk

ASX-listed Fortescue has acquired a 90.09% stake in Red Hawk Mining through its wholly owned subsidiary FMG Pilbara, triggering a compulsory acquisition process. In a market notice issued on... 

Sibanye-Stillwater flags narrowed 2024 full-year loss a share; a further $500m impairment

Multinational mining and metals processing group Sibanye-Stillwater expects to report a loss a share of between R2.45 ($0.13) and R2.71 ($0.15) for the financial year ended December 31, which would... 

Wheaton exceeds 2024 guidance, projects strong growth to 2029

Canadian streaming company Wheaton Precious Metals said on Tuesday that it had produced 633 000 gold-equivalent ounces (GEOs) in 2024, surpassing the upper-end of its guidance range of 620 000... 

Businesses can benefit from running smaller AI tools on local machines

Artificial intelligence models and tools are helping companies and their staff to complete work more easily while leveraging lots of data, and the tools also help companies to better serve their... 

Cobalt Blue diversifies, proposes name change

ASX-listed Cobalt Blue Holdings (COB) on Tuesday announced an earn-in agreement with AuKing Mining for the Halls Creek project in Kimberley, Western Australia. The earn-in agreement diversifies... 

National Consumer Tribunal fines Cell C R500k

The National Consumer Tribunal has fined Cell C R500 000 for contravening sections of the Consumer Protection Act (CPA). The Tribunal’s judgment, issued on February 11, ruled that Cell C... 

MTN partners with the Eastern Cape SAPS to combat network infrastructure crime

MTN has entered into a strategic partnership with the Eastern Cape Provincial Police Board and Eastern Cape Community Police Forum (CPF) to protect critical network infrastructure in the region.... 

Winsome raises cash for Canada lithium project

Lithium explorer and developer Winsome Resources has secured firm commitments to raise A$7.84-million through an institutional share placement as it advances its Adina lithium project in Quebec.... 

South African green hydrogen EIA guideline, potential atlas launched

The Department of Forestry, Fisheries and the Environment, the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), the Council for Scientific and Industrial Research (CSIR) and GFA... 

Arizona Lithium rescinds Sandy Valley exploration plan, working to refine Big Sandy development

ASX-listed Arizona Lithium on Monday announced that it had rescinded its approved plan of operations for the Sandy Valley exploration project (Phase 3), citing stakeholder input as a key factor in... 

Sun Silver and James Bay Minerals announce leadership changes

Australia-listed juniors Sun Silver and James Bay Minerals on Monday announced key board and management appointments as both companies position themselves for their next phase of growth. Sun... 

Chalice reports metallurgical 'breakthrough' at Gonneville

ASX-listed Chalice Mining has announced a metallurgical breakthrough at its Gonneville project, in Western Australia, successfully producing saleable copper and nickel concentrates from low-grade... 

Burgundy secures fuel offtake deal to ease seasonal cash flow

ASX-listed Burgundy Diamond Mines has secured a fuel offtake agreement with Macquarie Bank, a deal designed to smooth out seasonal cash flow challenges at its Ekati diamond mine in Canada’s remote... 

Coeur completes acquisition of SilverCrest

NYSE-listed Coeur Mining said on Friday that it had completed the acquisition of SilverCrest Metals. Under the terms of the transaction, Coeur acquired all of the issued and outstanding common... 

Besra Gold announces board changes

ASX-listed Besra Gold has announced a change in its board leadership, with Dato’ Lim Khong Soon stepping aside as chairperson. In an interim capacity, the board has appointed Jon Morda as... 

Scorpion to farm into E79's Jungar Flats

West Australia-based explorer E79 Gold Mines on Friday announced an earn-in and joint venture (JV) agreement with ASX-listed Scorpion Metals for the Jungar Flats project in the Murchison region.... 

Perpetua starts detailed engineering as it moves Stibnite towards investment decision

Nasdaq- and TSX-listed Perpetua is advancing its Stibnite gold project in Idaho, announcing on Thursday the start of detailed engineering and a procurement contract with Idaho Power for powerline... 

Trump's actions high on the agenda during SoNA debate

Engineering News editor Terence Creamer discusses this week's State of the Nation Address debate, which was heavily influenced by an executive order signed by US President Donald Trump; President... 

Charl Lensley

This week we profile Charl Lensley, sales director at Michelin Tyre Company of South Africa 

Decarbonisation in Mining 2024/25: Mining in a low carbon future

Creamer Media's 'Decarbonisation in Mining 2024/25: Mining in a low carbon future' report explores how mining companies are working to reduce their environmental footprint through renewable energy,... 

South Africa's mining output down 2.4% y/y in December

South Africa's mining production decreased by 2.4% year-on-year in December, with platinum group metals (PGMs) and gold having made the largest negative contributions. PGM production decreased by... 

American Tungsten expands claims around IMA mine

Canada-based explorer American Tungsten has acquired additional mining rights at its IMA mine project, in Idaho, through the staking of 113 WMO federal lode mining claims covering an area of 804.75... 

Former Cameco chair joins Max Power board

CSE-listed critical minerals explorer and hydrogen company Max Power on Wednesday announced the appointment of Neil McMillan to its board of directors. McMillan is a former chairperson of Cameco,... 

Power Nickel secures C$40m for polymetallic project

TSX-V-listed Power Nickel on Wednesday announced the pricing of its previously disclosed “best efforts” private placement, raising about C$40-million to fund exploration at its Nisk... 

Andrada secures $2.5m loan to build a second tin processing jig plant at Uis

Tin producer Andrada Mining, which has a portfolio of critical raw materials mining and exploration assets in Namibia, has secured a $2.5-million loan from LC Abelheim as a trustee of the Orange... 

Ivanhoe forms JV to explore for copper in Kazakhstan

TSX-listed Ivanhoe Mines, which has successfully developed the large-scale joint venture (JV) Kamoa-Kakula copper complex in the Democratic Republic of Congo, has formed a JV with UK-based private... 

Sappi Southern Africa, Enpower reach financial close on 175 GWh/y renewables PPA

Sustainable woodfibre products and solutions company Sappi's Southern Africa business and energy trader Enpower Trading have reached financial close on a five-year 175 GWh/y renewable-energy power...