Jeremy Lang appointed Business Partners MD

Small business financier Business Partners has appointed Jeremy Lang as its new MD, effective January 1. Lang will succeed Ben Bierman, who is retiring after more than 35 years of service. 

AfDB approves two facilities for Standard Bank

Finance institution the African Development Bank Group (AfDB) has approved two financial facilities for South Africa-based Standard Bank Group to support economic development in Africa. The first... 

Critical Mineral Resources signs copper trading deal

Aim-listed Critical Mineral Resources’ (CMR’s) commodities trading business has entered into an agreement for the buying and selling of high-grade copper ore, grading between 5% and 10% copper,... 

Midas substation repairs still under way, but essential load to mines restored

A 500 MVA transformer at the Midas substation, in Gauteng, tripped in the evening of December 11, disrupting electricity supply to about 15 mines in the Carletonville, Fochville and Potchefstroom... 

Evolution Mining to defend itself against class action suit over Canadian mine

Class action specialist Echo Law has filed class action proceedings against ASX-listed Evolution Mining in the Federal Court of Australia, relating to allegations of failure to comply with... 

Gemfields reports positive auction results in current market conditions

Gemstone miner Gemfields recorded revenues of $46.2-million from its latest auction of mixed-quality rough ruby recovered at the Montepuez ruby mine, in Mozambique. Of the 102 lots on offer, 97... 

Renergen concerned about its mineral rights amid solar plant construction

JSE- and ASX-listed Renergen has provided an update on ongoing actions involving its majority-owned subsidiary, Tetra4, which produces helium, and a proposed solar plant being planned by another... 

ZIOC signs MoU with Arise for mineral export facility development

Aim-listed Zanaga Iron Ore Company (ZIOC) has entered into a memorandum of understanding (MoU) with Arise Integrated Industrial Platforms to advance the development of the Zanaga iron-ore project’s... 

Reatile Energy increases stake in CNG Holdings

Investment holding company Reatile Group subsidiary Reatile Energy has increased its stake in natural gas provider CNG Holdings to 61.36%, which Reatile Energy says further cements its commitment... 

Wesizwe’s IT systems compromised

JSE-listed Wesizwe Platinum says it detected, on December 9, that the company’s information management systems had been compromised. The IT team, with the support of management, has been... 

Critical Mineral Resources signs exclusive antimony agreement

London-listed Critical Mineral Resources has announced its first exclusive offtake contract. The company recently signed an agreement for the purchase of high-grade antimony ore, mined by a... 

BCC-led consortium bids for Gautrain Concession project

The Jubane Consortium, led by the Bombela Concession Company (BCC), operator of the Gautrain since its inception, is bidding to “revolutionise” Gauteng’s transport system. Drawing on global... 

Anglo American appoints Anne Wade as nonexec director

Diversified miner Anglo American has appointed Anne Wade as a nonexecutive director and member of its board audit and sustainability committees, with effect from January 1, 2025. Wade is... 

GoviEx, subsidiary starts arbitration process with Niger over uranium project

Mineral resources company GoviEx Uranium and its subsidiary GoviEx Niger have started arbitration proceedings against Niger under the Convention on the Settlement of Investment Disputes Between... 

Minerals Council upbeat on South Africa’s electricity supply situation amid improved EAF

State-owned utility Eskom’s average energy availability factor (EAF) exceeded 60% for the seventh consecutive month in November. This milestone coincided with over 250 days without loadshedding and... 

NEF, BBBEE Commission sign MoA to strengthen economic transformation

The National Empowerment Fund (NEF) and the Broad-Based Black Economic Empowerment (BBBEE) Commission have formalised a partnership with the signing of a memorandum of agreement (MoA) at the NEF’s... 

Sturdee Energy, Frans Indongo Group, RMB Namibia collaborate on solar projects

South African independent power producer (IPP) Sturdee Energy has partnered with Namibian-owned entity Frans Indongo Group, to raise a project finance facility of N$500-million from RMB Namibia as... 

Turaco secures rights to expand Afema project area in Cote d’Ivoire

ASX-listed Turaco Gold, and its 100%-owned subsidiary Turaco Côte d’Ivoire, have entered into an exclusivity and option agreement with Pioneer Minerals, securing acquisition rights over an... 

Star Minerals shareholders approve Namibia project earn in

Shareholders of ASX-listed Star Minerals have approved the Cobra uranium project earn in, in the Erongo region of Namibia, at a general meeting held on December 6. Earlier this month, Star... 

De Beers Group announces 2024 jewellery design competition winners

Diamond miner De Beers Group has announces the winners of the 2024 Shining Light Awards, a jewellery design competition for designers from the countries where De Beers recovers diamonds, including... 

Lotus increases mineral resource at Botswana project

ASX-listed Lotus Resources’ recent infill drill programme has successfully converted a significant portion of the inferred mineral resources at the Letlhakane uranium project, in Botswana, into the... 

Gold ETFs record first outflows since April in November

Global gold exchange-traded funds (ETFs) recorded their first monthly outflow since April, losing $2.1-billion in November, according to industry body the World Gold Council. Europe (-$1.9-billion)... 

Platinum Group Metals enters into distribution agreement with agents

TSX- and NYSE-listed Platinum Group Metals has entered into a new equity distribution agreement with BMO Nesbitt Burns, Beacon Securities and BMO Capital Markets for a new at-the-market equity... 

Wheaton subsidiary acquires gold stream over Allied Gold’s Ethiopian project

Canadian multinational Wheaton Precious Metals’ (WPM's) wholly-owned subsidiary Wheaton Precious Metals International (WPMI) has entered into a definitive precious metals purchase agreement with... 

Nedbank CIB advises Coronation on BBBEE deal

Banking services provider Nedbank Corporate and Investment Banking (CIB) has advised independent asset manager Coronation Fund Managers on a broad-based black economic empowerment (BBBEE)... 

Neopak extends partnership with ABB to upgrade operations, accelerate digitalisation

Containerboard and paper products manufacturer Neopak has renewed its partnership with global technology company ABB to upgrade the existing automation system at its Rosslyn paper mill, in... 

Enel Green Power looks to augment its South African footprint

As it marks a decade in the region, renewable energy company Enel Green Power Southern Africa is looking to bolster its footprint here, with a keen focus on skills development and capitalising on... 

Mining value rebounds in third quarter, but insufficient to lift overall GDP

A recovery in mining GDP during the third quarter of the year, after quarterly declines in the previous two quarters, was still unable to lift overall real GDP in the July to September quarter,... 

Akobo’s November production covers costs

Scandinavia-headquartered and Ethiopia-focused gold exploration and mining company Akobo Minerals produced an estimated 8 kg of gold in November. This includes 6.5 kg of gold already smelted and... 

Lexington Gold identifies encouraging exploration target at Free State project

Aim-listed Lexington Gold is “encouraged” by the significant exploration target potential identified at its Ventersburg gold project in the Free, State, South Africa, chairperson Ed Nealon says in... 

Gem Diamonds announces extended life-of-mine plan, revolving credit facilities

London-listed Gem Diamonds has announced a revised life-of-mine plan for its Letšeng mine, in Lesotho, as well as a two-year extension to the group’s revolving credit facilities.  The revised plan... 

Savannah secures potential $270m loan guarantee for Portugal lithium project

German export credit agency Euler Hermes has confirmed in a non-binding letter of interest the potential for a guarantee on a loan of up to $270-million for UK-headquartered Savannah Resources’... 

Dr Beyers Naude local municipality progresses electricity programme

Dr Beyers Naude local municipality (DBNLM) in the Eastern Cape has, to date, achieved all of the goals of the municipality’s electricity programme. This was noted during a visit by Electricity and... 

Rio Tinto, Imperial College London launch centre to support global energy transition

Metals and mining corporation Rio Tinto and Imperial College London have launched the Rio Tinto Centre for Future Materials, as part of a programme aimed at accelerating the development of new... 

Aterian reports positive fieldwork results from Morocco project

London-listed Aterian has reported more positive results on the recent fieldwork conducted on its Tata copper project, in the western Anti-Atlas Mountains of Morocco, with additional copper... 

CrossBoundary Energy secures $140m to scale African renewable-energy portfolio

Mauritius-headquartered CrossBoundary Energy, which provides financed renewable-led power solutions to African enterprises, has secured a $140-million senior debt commitment from Standard Bank of... 

Absa PMI drops back into contractionary territory for Nov

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined by 4.5 points in November, reverting back to contractionary territory at 48.1 index points. The company says this points to... 

Thor announces further positive drilling results at Nigeria project

Aim- and TSX-V-listed Thor Explorations has announced further positive results from the initial proof-of-concept drilling programme that targets the down-plunge potential beneath the current... 

Aveng to sell its 30% stake in Dimopoint

JSE-listed Aveng, through its subsidiary Aveng Africa, on November 28 entered into a sale of shares agreement with Collins Property Group for the 30% interest Aveng holds in the issued share... 

Shell pursuing ‘green’ initiatives at Alberton depot

Oil and gas company Shell South Africa’s Alberton depot is pursuing sustainability through two projects, mainly, solar and battery power, and capacitation for biofuels, the company outlined during...