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Rio Tinto CEO Jacob Stausholm
Rio Tinto CEO Jacob Stausholm
Rio Tinto focused on small buyouts to smooth portfolio - CEO
1st August 2023 By: Reuters

Rio Tinto CEO Jakob Stausholm said on Tuesday the global miner is focused on small, bolt-on acquisitions to shape its portfolio and is looking at a number of potential lithium acquisitions but added the sector remains quite hot. The boss of the... 


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Gemfields produces slightly lower interim output
31st July 2023 By: Marleny Arnoldi

London- and Johannesburg- listed Gemfields produced 17.4-million carats of emeralds in the six months ended June 30, including 85 000 ct of premium emeralds, from the Kagem emerald mine, in Zambia.... 


Kropz's Elandsfontein mine
Kropz’s shares resumes trading in London, but Elandsfontein ramp-up drags
31st July 2023 By: Marleny Arnoldi

Aim-listed phosphate miner Kropz’s shares have resumed trading on the London Stock Exchange following a temporary suspension since July 3. The company’s shares were suspended owing to its results... 


AngloGold’s JSE share price falls on earnings warning
Updated 5 hours ago By: Darren Parker

Gold mining company AngloGold Ashanti has advised its shareholders to expect a considerable decrease in earnings for the six months ended June 30. The company, which is set to publish its interim... 


West Red Lake commits to more drilling as Rowan continues to shine
1st August 2023 By: Mariaan Webb

Explorer West Red Lake Gold Mines has expanded its 2023 drill programme on its Rowan property in Ontario’s Red Lake district, as the current campaign continues to yield “exceptional grades over... 


South32 ups interest in copper explorer Aldebaran
1st August 2023 By: Mariaan Webb

Diversified mining company South32 will increase its interest in Aldebaran Resources – a Vancouver-based company with copper and gold exploration assets in Argentina. Aldebaran on Tuesday... 


A queue of trucks transporting coal
Global demand for coal is bringing mayhem to South African towns
1st August 2023 By: Bloomberg

An often impenetrable logjam of trucks laden with coal at South Africa’s crossing with Mozambique has brought chaos to a sleepy border town. Elephants escaping from the nearby Kruger National Park... 


rough diamonds
Diamcor reports narrowed losses
1st August 2023 By: Darren Parker

Junior mining and exploration company Diamcor has narrowed its net loss for the financial year ended March 31, to $762 308, compared with a loss of about $2.4-million for the 2022 financial year.... 


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RBPlat CEO Steve Phiri
Implats takes step to buy out remaining RBPlat shares
1st August 2023 By: Cameron Mackay

Platinum group metals (PGMs) miner Impala Platinum (Implats) has notified the remaining shareholders of Royal Bafokeng Platinum (RBPlat) of the compulstory acquisition of the RBPlat shares it does... 


The Secunda complex
In appeal against air-quality decision, Sasol again makes case for load-based emission limit
1st August 2023 By: Terence Creamer

Energy and chemicals group Sasol has moved to formally appeal a decision of the National Air Quality Officer (NAQO) to decline its application to have its Secunda boilers regulated using a... 


Kloof 4 shaft produces an average of about 9 650 oz a month, or 115 743 oz/y
Sibanye suspends Kloof 4 shaft operations after incident
1st August 2023 By: Cameron Mackay

Diversified miner Sibanye-Stillwater announced on August 1 that management has suspended all operations at its Kloof gold mine 4 shaft, after an incident occurred at the Ikamva shaft on July 30,... 


BRPM achieved a steady operational performance, which was hoever offset by a weaker operational performance from Styldrift
RBPlat swings to interim loss
1st August 2023 By: Cameron Mackay

Platinum group metals (PGMs) miner Royal Bafokeng Platinum (RBPlat) has recorded a 29% year-on-year decrease in revenue to R5.81-billion for the six months ended June 30. Earnings before interest,... 


Massive Chinese State iron-ore buyer still an unknown quantity
Massive Chinese State iron-ore buyer still an unknown quantity
1st August 2023 By: Bloomberg

A year after China set up a company that’s expected to become the world’s biggest iron-ore buyer, the firm and how it will operate remains shrouded in mystery. China Mineral Resources Group was... 


Pan African Resources chairperson Keith Spencer.
Funding closes for gold project with potential to be shining modern mining exemplar
1st August 2023 By: Martin Creamer

Funding has closed for the gold-from-dumps mining project west of Johannesburg, which has the potential to make the surrounding towns thrive once again, and be a shining example of what modern... 


GoviEx’s operations in Niger continue uninterrupted, despite the uncertainty in the country as a result of a coup
GoviEx operations continue despite coup in Niger
1st August 2023 By: Cameron Mackay

Mineral resource company GoviEx Uranium has assured shareholders that its operations in Niger continue uninterrupted, despite the uncertainty in that country as a result of a coup. Military leaders... 


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Eric Saderholm
American Pacific appoints new president as Saderholm focuses on projects 
1st August 2023 By: Creamer Media Reporter

Precious and base metals explorer and developer American Pacific Mining on Monday announced the appointment of Joness Lang as president of the company, succeeding Eric Saderholm, who is... 


Lithium Americas shareholders approve company split
1st August 2023 By: Creamer Media Reporter

The shareholders of Toronto- and New York-listed Lithium Americas (LAC) on Monday voted in favour of the separation of the company into Lithium Americas (Argentina) and a new Lithium Americas Corp... 


Albemarle invests C$109m in Patriot Battery Metals
Albemarle invests C$109m in Patriot Battery Metals
1st August 2023 By: Mariaan Webb

Vancouver-based hardrock lithium explorer Patriot Battery Metals on Tuesday announced a strategic investment of C$109-million by US lithium major Albemarle. Albemarle will subscribe for... 


Strandline raising garners major interest
1st August 2023 By: Esmarie Iannucci

Strong investor demand has seen mineral sands developer Strandline Resources increase its institutional placement from A$30-million to A$33.8-million. The company earlier this week launched the... 


Pricetag placed on Primobius refining hub
1st August 2023 By: Esmarie Iannucci

An engineering cost study (ECS) for the hydrometallurgical refinery (hub) section of a fully integrated lithium battery recycling plant, has estimated capital cost of €274-million. ASX- and... 


Mining restarts at Capricorn
1st August 2023 By: Esmarie Iannucci

ASX-listed 29Metals has restarted mining activities at the Mammoth and Greenstone deposits, as well as the mineral processing operations at its Capricorn copper project, in Queensland. The company... 


Jadestone forced to stop Montara
1st August 2023 By: Esmarie Iannucci

Upstream oil and gas company Jadestone Energy has suspended operations at its Montara floating production and storage operation (FPSO) offshore Australia, after a gas alarm was triggered. The... 


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Magazine

Magazine cover image
Magazine round up | 28 July 2023

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 

FOOD-PRICE EMERGENCY: Nigeria’s annual inflation rate climbed to a fresh 18-year high in June. This, after President Bola Tinubu scrapped fuel subsidies and allowed the currency to weaken before declaring a state of emergency to control the cost of staple foods, Bloomberg reports. Prices increased 22.79% in the year through June from 22.4% the previous month, according to the National Bureau of Statistics. The upswing was fuelled by a 25.3% increase in food prices. Photograph: Bloomberg
FOOD-PRICE EMERGENCY

Nigeria’s annual inflation rate climbed to a fresh 18-year high in June. This, after President Bola Tinubu scrapped fuel subsidies and allowed the currency to weaken before declaring a state of... 

Photo of Martin Creamer
South Africans must work together to keep the markets we have

My ears pricked up during last week’s discussion on the hydrogen economy when the event's keynote speaker said South Africa dare not lose the market share that platinum group metals have in the... 

Photo of Terence Creamer
Renewables rhythm

Once lauded as an international benchmark, South Africa’s Renewable Energy independent Power Producer Procurement Programme (REIPPPP) has struggled to rediscover its rhythm after being disrupted... 

Business Leader

Magauta Mphahlele, executive director of the South African Credit and Risk Reporting Association
Magauta Mphahlele

This week we profile Magauta Mphahlele, executive director of the South African Credit and Risk Reporting Association, which facilitates the reporting to, and the sharing of consumer credit and... 

BURNING PLATFORM: The torching of more than 20 trucks in KwaZulu-Natal, Limpopo and Mpumalanga brought back nasty memories of the July 2021 riots, which shook South Africa to its core. The motives are not immediately clear, but it appears that the actions go beyond toxic xenophobia and mafia-style muscle flexing and include an element of political intimidation, even terrorism. What is clear is that the torchings – together with sabotage at Eskom and Transnet, as well as construction-site hijacking – are further undermining investor confidence.
BURNING PLATFORM

The torching of more than 20 trucks in KwaZulu-Natal, Limpopo and Mpumalanga brought back nasty memories of the July 2021 riots, which shook South Africa to its core. The motives are not... 

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Gedore Tools
Gedore Tools

Since its humble beginnings in 1919, based in the Dowidat-family home, GEDORE has been committed to the manufacture and supply of high quality...

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Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

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pqt: 0.109s - ct: 0.22s - 150pq - 2rq
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