Featured Creator
Liesl Peyper
Rainbow targets US listing as SA project shifts to 2029
RAINBOW Rare Earths confirmed on Monday that first production from its Phalaborwa rare earths project in Limpopo in South Africa is expected in early 2029, while a proposed US…
Petra subsidiary faces winding-up over £5.7m tax bill
PETRA Diamonds is facing a winding-up petition from UK tax authorities against one of its subsidiaries over an unpaid corporation tax bill of about £5.65m. His Majesty’s Revenue…
Petra Diamonds may put mines up for sale as walls close in
PETRA Diamonds has launched a strategic review that could result in asset sales following “consultation with certain key stakeholders including its first and second lien…
Kodal clears Bougouni debt after first six months of production
KODAL Minerals’ Bougouni lithium project generated enough cash in its first full six months of commercial production to clear its project debt, helped by a sharp recovery in…
Gemfields’ Montepuez ruby mine unable to pay group fees
GEMFIELDS’ Montepuez Ruby Mine (MRM) in Mozambique is currently unable to pay management and auction fees to the group, as weak ruby grades continue to weigh on the operation…
Loucas Pouroulis bows out after 15-year stint at Tharisa
THARISA founder Loucas Pouroulis is stepping down from the board after more than 15 years as chair, handing the role to lead independent director Carol Bell. Pouroulis, who has…
West African to pay out half of profits, but warns of unrest
WEST African Resources (WAF) expects full-year profit to come in at more than twice its first-half figure, with the gold miner set to pay its maiden dividend. Speaking at the…
Gemfields takes $125m hit at Montepuez ruby mine
GEMFIELDS expects to report a $73.5m loss for the six months to June after taking a $125.2m impairment against its Montepuez ruby mine in Mozambique, where it recovered fewer…
Glencore joins US critical minerals reserve in $500m EXIM deal
THE US government has selected Glencore to help it build a strategic reserve of critical minerals in a development that deepens the Swiss miner’s relationship with Washington.…
Discovery targets mining with 24-hour renewables plan
DISCOVERY Green has signed several mining companies to a renewable power offering that targets 90% of their electricity needs. A mix of wind, solar and batteries can help meet…
Fresh capital, old problems for Zimbabwe mining
ARE investors still too wary of Zimbabwe’s mining sector? Two international miners – Caledonia Mining and Tharisa – think so, and both are committing significant capital to…
Caledonia closes in on funding for $600m Bilboes project
CALEDONIA Mining said it was close to securing further funding for its Bilboes gold project in Zimbabwe, with a $150m interim bank facility due to close as early as October. The…
Sylvania Platinum resets Thaba JV chrome outlook
SYLVANIA Platinum has cut the long-term chrome production forecast for its Thaba Joint Venture after finding lower ore grades than expected. The AIM-listed, platinum group metal…
Jubilee Metals eyes sale of Tjate Platinum project
JUBILEE Metals is considering selling its long-held Tjate platinum group metal (PGM) project after receiving expressions of interest in the South African asset, and as it puts…
Tharisa seals $300m Karo Platinum funding
THARISA has secured the $300m bond needed to complete its Karo Platinum project in Zimbabwe, removing uncertainty over how it would fund the remaining cost of the $545m mine. The…
Transnet targets leap in coal exports despite cash squeeze
TRANSNET has targeted 65 million tons (Mt) in delivered coal exports after another year of rail volume growth, but debt and weak cash generation have put a brake on its ambition.…
Gold rally lifts West African Resources’ royalty bill
WEST African Resources (WAF) is facing a heavier government and regulatory burden in Burkina Faso, where it operates the Sanbrado and Kiaka gold mines. The Australian-listed…
Recovery at Gold Fields masked by permitting woes
IS Gold Fields being unfairly penalised for its struggles with regulators? Yes, in the view of analysts who say the firm’s lagging share price performance is at odds with its…
Platinum deficit beckons in second half as ETF selling eases
THE platinum market is expected to swing back into deficit in the second half of 2026 as heavy exchange-traded fund (ETF) selling eases, after investment outflows helped drive a…
ARM leaves door open to bigger stake in Surge Copper
AFRICAN Rainbow Minerals (ARM) says it may in time raise its 19.9% holding in Canada’s Surge Copper after the Berg project beat the group’s early expectations. ARM COO Jacques…