Gemfields more than doubles its profit in six months ending 30 June 2022
Gemfields is certain that its net profit after tax will be USD 56.7 million for the six months ending 30
Read more
Africa
ARM Coal profits driven by increased export thermal coal prices
Significantly higher export coal prices drove a R1 178 million increase in ARM Coal headline earnings to R928 million (F2021:
Read more
A feasible South African policy solution to the crisis of electricity generation
The electricity crisis in South Africa is self-inflicted. This has become clear from the many costly disruptions in electricity supply
Read more
ARM research to develop energy-efficient smelting technologies progressed
African Rainbow Minerals reports that its iron ore division was negatively impacted by lower average realised US dollar prices, lower
Read more
Pan African will acquire Mogale Gold and MSC in the next month
In November 2020, Pan African Resources announced that the Company had entered into conditional sale of shares agreements to acquire
Read more
Jubilee Metals: Operations and Projects Update for H2 FY2022
In its Operations and Projects Update for H2 FY2022, Jubilee Metals operational earnings totalled £ 24 million (ZAR 480 million)
Read more
AfriTin Mining finishes construction of its Phase 1 Expansion plant
AfriTin, a tin producer in Namibia, has been producing tin from the Uis mine in Namibia since November 2019. The initial Phase 1 processing plant was designed to prove
Read more
Bokoni Mine to employ mechanised mining methods
The acquisition of Bokoni Platinum Mine was completed by African Rainbow Minerals on 12 August 2022. The purchase consideration of
Read more
Northam Platinum: Difficult operational environments at its mines
Notwithstanding the array of challenges faced during the year the year ended 30 June 2022, Northam Platinum operations collectively achieved
Read more
Epiroc to acquire South African mining equipment manufacturer
Stockholm, Sweden – Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has signed an agreement
Read more
Hulamin: Sales volume increased to 103,300 tons, revenue up by 45%
Hulamin says in its interim results for the period ended 30 June 2022 that the year 2022 began with solid
Read more
Harmony Gold: Higher production costs, higher impairment loss
Johannesburg – Harmony Gold Mining Company has advised that basic earnings for FY22 will be lower than for the year
Read more
Higher ferrochrome prices improve Merafe Resources results
Merafe achieved a profit of R925 million for the six months ended 30 June 2022, as a result of higher
Read more
RBR: Extension of notice date for disposal of concentrate agreement
Royal Bafokeng Platinum, through its wholly-owned subsidiary, Royal Bafokeng Resources Proprietary Limited (“RBR”), is party to a Disposal of Concentrate
Read more
Transnet continues to ruin the SA mining industry
On 14 April 2022, Thungela issued an announcement on SENS and RNS informing the market that Transnet SOC Ltd, acting
Read more
NORTHAM PLATINUM: margin pressures and lower 4E metal prices
Johannesburg – As published on 20 September 2021, Northam Holdings was introduced as the new holding company for the group.
Read more
DRDGOLD slightly exceeds production guidance for the year ended 30 June 2022
DRDGOLD’s production guidance for the Current Reporting Period was between 160 000 and 180 000 ounces of gold at a
Read more
Eastern Platinum reports results for the second quarter of 2022
Vancouver, British Columbia – Eastern Platinum has reported that revenue for Q2 2022 increased to $20.5 million (Q2 2021 –
Read more
iGAS and CMG acquire 30% of the Rompco Pipeline from Sasol
Johannesburg – iGAS, a subsidiary of the Central Energy Fund (CEF), and Companhia Mocambiçana de Gasoduto (CMG), a subsidiary of
Read more
It’s time to end Eskom’s monopoly
In 2022 alone, we have had a combined 673 hours of loadshedding (at time of writing); that is 28 days
Read more
Hummingbird produces 20koz of gold in Mali in Q2
Hummingbird Resources has announced that in Q2 2022, its gold production increased 29% to 20,013oz from Q1 2022, with improved
Read more
Jubilee Metals: Investment in SA and Zambia has reshaped the company
Jubilee Metals Group PLC, a diversified leader in metals processing with operations in Africa, has announced that its key achievement
Read more
Thungela: Marginalised coal brings excellent returns
Coal miner Thungela is a bit of a pun, really. Anglo American gave the business away to its shareholders at
Read more
Rio Tinto to co-develop the rail and port for Simandou iron ore project
MELBOURNE, Australia – The government of the Republic of Guinea, Winning Consortium Simandou (WCS) and Rio Tinto Simfer today incorporated
Read more
ArcelorMittal SA to develop two 100MW renewable energy projects
ArcelorMittal South Africa has shown stronger headline earnings of R3 025 million for 2022 (2021: R2 482 million) were supported
Read more
The FMF’s solution to loadshedding: Break Eskom’s monopoly
Talk of establishing a second electricity utility owned and operated by the government to “compete with Eskom” is of grave
Read more
Alphamin announces record quarterly tin production
MAURITIUS – Alphamin Resources Corp., a producer of 4% of the world’s mined tin from its high grade operation in
Read more
Anglo American Platinum: total H1 2022 PGM production down 4%
The first half of 2022 has seen Anglo American Platinum largely mitigate the operational headwinds of Covid-19, global supply chain
Read more
Tharisa maintains guidance at between 165 koz and 175 koz PGMs
Tharisa, the platinum group metals (PGMs) and chrome co-producer dual-listed on the Johannesburg and London stock exchanges, has said “The
Read more
Pan African: Gold production increased by 2.0% to 205,459oz
Final Group gold production for the Reporting Period increased by ~2.0% to 205,459oz (2021: 201,777oz), exceeding the upwardly revised production
Read more