Impala Platinum waives two conditions for RBP, gets better deal
A condition precedent is a specific milestone, approval or other event that must take place before a transaction can go
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Africa
LNG facility to sail for Rovuma natural gas field in Mozambique
The FLNG will be towed and moored at its operating site in the Rovuma basin offshore Mozambique. Production startup is
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Implats to acquire all of the Royal Bafokeng Platinum
Implats has, on 26 November 2021, communicated to the independent board of directors of Royal Bafokeng Platinum Limited (RBPlat), Implats’
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Nornickel settles dispute with Botswana government and BCL
MOSCOW – MMC Norilsk Nickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announces the settlement
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Ramaphosa backs R131bn financing offer for just energy transition
President Cyril Ramaphosa speaking during his parliamentary Q&A on Thursday made his strong stand in favour of partial privatisation of
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PPC ready to benefit from growing cement demand in Africa
Despite the uncertain trading environment and macro-economic backdrop, the PPC group is well-positioned to benefit from growing cement demand in
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PPC: increased cement sales, higher prices and stringent cost control
Cement sales volumes in the South Africa and Botswana region increased by 12% – 15% period-on-period for the six months
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Northam Platinum completes its acquisition of RBP
Northam Platinum has completed its acquisition of 32.8% of the shares in Royal Bafokeng Platinum. The shares were bought from
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Kabanga Nickel to supply EV market with much needed metal
Kabanga Nickel seeks a loan of $1.3 billion for a huge mining project in Tanzania that the company says could
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Tharisa extends the life of mine by an additional 7 years to 2041
Tharisa, the platinum group metals (PGMs) and chrome co-producer, announces an extension of the open pit Life of Mine (LOM)
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Orion Minerals to use renewable energy in its copper-zinc project
Orion Minerals has announced that it has commenced discussions to collaborate with the Central Energy Corporation (CENEC) to include its
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Jubilee processing plant uses wide range of PGM feed and tailings
Jubilee Metals Group ’s PGM operations consist of the Inyoni and Windsor JV PGM operations. Historically, Jubilee’s Inyoni Operations were
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Cobalt mining in the DRC shifting fast to larger players
Artisanal cobalt represents a significant portion of the DRC’s cobalt output, and under the EGC’s oversight, the government will be
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Gordhan: Experts appointed to investigate sabotage at Eskom power stations
Eskom says it has employed the services of forensic investigators to get to the bottom of its suspicions to investigate
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Jubilee Metals provides update on Zambian copper projects
As previously announced, during CY2020 Jubilee entered into joint venture agreements to secure rights to process over 300 million tonnes
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Eastplats main revenue from chrome concentrate offtake agreement
VANCOUVER, British Columbia – Eastern Platinum (Eastplats) in its financial results for the third quarter of 2021 (“Q3 2021”) and
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Harmony Gold: de-risked portfolio drives Q-on-Q production growth
JOHANNESBURG, South Africa – Harmony Gold Mining Company has released an update, noting that its old assets only contributed 4%
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Sell some Eskom’s coal-fired power plants, Government says
Finance Minister Enoch Godongwana in his budget speech said South African government ministers have reached a general agreement to sell
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STEEL: Finance minister’s medium-term budget policy welcomed
JOHANNESBURG – The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) welcomes Finance Minister Enoch Godongwana’s Medium Term Budget Policy
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Northam Holdings acquires 32.8% of the Royal Bafokeng Platinum
Northam Holdings has announced that it will acquire 93 930 378 RBPlat Shares from Royal Bafokeng Investment Holdings, amounting to
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Endeavour Gold to beat full year production guidance
The Endeavour Group continued strong safety record, with a lost time injury frequency rate (“LTIFR”) of 0.21 for the trailing
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Alphamin produces 2 832t of tin – 17% above the previous quarter
MAURITIUS – Contained tin production of 2 832 tons is 17% above the previous quarter. The benefit of the newly
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Philippines is fourth largest cobalt producer with 4.7kt of cobalt output
Apart from Australia, the Philippines is the next major source of mined cobalt in Asia, although mining policy uncertainty is
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Impala Platinum reports on its mining operations
Milled production at Impala Rustenburg decreased by 12% to 2.59 million tonnes. This was partially offset by higher milled grade,
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AngloGold Ashanti produces 348 000 oz in its African operations
The AngloGold Ashanti’s Africa region produced 348,000oz at a total cash cost of $858/oz for the quarter ended 30 September
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Royal Bafokeng discards Implats takeover, goes for Northam deal
In a rebuff to Impala Platinum (Implats), which announced last month that it wanted to buy Royal Bafokeng Platinum (RBPlat),
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Alphamin Resources drills for more tin in the DRC
Alphamin Resources, a producer of 4% of the world’s mined tin from its high-grade operation in the Democratic Republic of
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AfriTin begins Namibian resource expansion
AfriTin Mining has begun the first of multiple exploration programmes at and around its Uis mine in Namibia. AfriTin has
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AFRIMAT: Commodities benefited from favourable iron ore pricing
Afrimat’s all three segments, namely Construction Materials, Industrial Minerals and Bulk Commodities experienced strong growth compared to the previous corresponding
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Manufacturing sector shows gains in capacity utilization
Despite the country’s continued lockdown, the Steel and Engineering Industries Federation of Southern Africa (SEIFSA) welcomes gains in capacity utilization
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