N$6,5 billion approved for Skorpion Zinc revival
According to The Namibian, Vedanta Zinc International, the parent company of Skorpion Zinc Mine, plans to invest N$6,5 billion into
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Africa
FMF applauds government on new threshold to produce electricity
Johannesburg – The Free Market Foundation (FMF) welcomes the decision by President Cyril Ramaphosa’s Cabinet to lift the threshold for
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Kamoa-Kakula’s off-take agreements for blister copper and concentrate
DEMOCRATIC REPUBLIC OF CONGO – Ivanhoe Mines has announced that Kamoa Copper SA –the operating company of the joint venture
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Kibo Energy to supply Tete Steel and Vanadium
Kibo Energy PLC, the multi-asset, Africa focused energy company, says the Benga Project, located in the Tete province of Mozambique,
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Load shedding: Koeberg will be key, says De Ruyter
Many years of deferred maintenance and delays in the commissioning of new power stations Medupi and Kusile have ensured that
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Sasol successfully completes divestment of the ASUs
On 10 September 2020, Sasol informed the market that Sasol South Africa Limited (“SSA”), a major subsidiary of Sasol, had
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FMF proposes immediate reforms to stop rolling blackouts
Johannesburg – The Stage 4 loadshedding (better understood as Stage 4 de-industrialisation) announced on 9 June 2021. The state maintains
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Katoro Gold Project to reprocess 1.34 million ounce of gold
Katoro Gold Plc has entered into a binding conditional agreement to form a 50/50 unincorporated joint venture in South Africa,
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Lualaba Copper Smelter to produce 99% blister copper for Kamoa Copper
Kamoa Copper signed a 10-year agreement with the Lualaba Copper Smelter, located outside the town of Kolwezi, for the processing
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PPC sells its non-core Botswana assets
PPC Limited in its trading statement reports that earnings before interest, tax, depreciation and amortisation (EBITDA) for continuing operations is
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AMS awarded contract for mining services at Motheo copper project
Perenti Global has reported that its surface mining subsidiary in Africa, African Mining Services (AMS), was awarded the contract for
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Sasol restructures existing oil hedges, increases hedge cover ratio
Johannesburg – Sasol has made significant progress in deleveraging its balance sheet following a strong operating performance in a more
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Alphamin continues to intercept high grade tin mineralisation
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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BoatmanCapital: Thungela Resources is drowning in liabilities
Anglo American is demerging its thermal coal operations into a new company called Thungela Resources, which has listed its shares
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Jubilee: Further acquisition of PGM material in the Eastern Limb
Jubilee has announced a further substantial acquisition of the rights to 944 000 tonnes of PGM containing tailings in the
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Jubilee Metals commissions its new chrome ore processing facility
As previously announced, in November 2020, Jubilee commenced the construction of an additional 80 000 tonnes per month of chrome
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Pan African gets Barberton Mines’ gold mining rights renewed
Pan African Resources has informed shareholders that the South African Department of Mineral Resources and Energy (DMRE) has granted the
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Jubilee Metals acquires PGM material in the Eastern Limb, SA
Jubilee, a leader in metals processing with operations in Africa, has announced acquisitions of strategic PGM tailings and an update
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South32 completes South Africa energy coal divestment
South32 has announced that divestment of its 100% shareholding in South32 SA Coal Holdings Proprietary Limited (South Africa Energy Coal)
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Sasol to sell world’s biggest oxygen production site to Air Liquide
The competition commission has approved the acquisition of Sasol 16 separation units in Secunda by Air Liquide. Air Liquide, an
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Insimbi: refractory segment felt the “brunt” of the pandemic
Insimbi has reported that Group revenue increased by 2% from R4,8 billion to R4,9 billion for the financial year ended
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HULAMIN: turnaround plan to return to profitability
Following operational disruptions in 2019 and 2020, Hulamin developed and implemented a turnaround plan to return to profitability and strong
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AFRIMAT: strong results amid favourable iron ore pricing
Afrimat delivered strong results for the year ended 28 February 2021 despite the effect caused by the sudden and unexpected
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East Manganese on course to commence production in July
East Manganese will produce first ore in July, while the dry crushing and screening plant is currently in the process
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Kamoa-Kakula feeds first ore into the 3.8 Mtpa copper concentrator plant
In April 2021, the Kakula Mine mined 357,000 tonnes of ore grading 5.70% copper, including 121,000 tonnes grading 8.40% copper
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Eskom cuts its crippling debt by 20 percent
Struggling South African state power utility Eskom Holdings SOC reduced its debt by almost a fifth after repaying matured loans
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Alphamin unaffected by the volcanic eruption in Goma
MAURITIUS – Alphamin Resources Corporation wishes to express its sincere condolences to the people of Goma following the loss of
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Failures of Eskom transmissions adversely affected Two Rivers Mine
While all South African operations were impacted by Eskom load curtailment in March 2021, Implat’s Two Rivers was adversely affected
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Kakula concentrator to produce first copper concentrate within weeks
Overall progress of Kamoa-Kakula’s first phase, 3.8-Mtpa mining and milling operation (covering mine infrastructure, concentrator plant and surface infrastructure) now
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State capture costs SA at least R50bn but the true cost is definitely higher
In South Africa, evidence is piling up at the Zondo Commission about how the Guptas interfered in the running of
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