Business

President Cyril Ramaphosa is billed to speak at Mining Indaba 2019, slated for beginning of next month. Organisers of the annual mining jamboree said President Ramaphosa is set to bring his investment agenda to the landmark 25th Anniversary Indaba. As one of the driving forces behind South Africa’s historic economic …

Even though the negative global developments in 2018 affected the local mining sector, the sectoral outlook for growth remains strong for 2019, with earnings expected to grow by 1.1%, Indileni Nanghonga, Junior Analyst at Simonis Storm Securities said. Simonis Storm highlighted seven key projects and new developments in the mining …

Desert Lion Energy has filed an independent technical report for the country’s first large-scale lithium mine, 210km from the capital of Windhoek and 220km from Walvis Bay. Completed by Hatch Ltd and MSA Group, the report details the preliminary economic assessment (PEA) for the project, covering mining, concentrate and lithium …

Rio Tinto has entered into a binding agreement with China National Uranium Corporation Limited (CNUC) for the sale of its entire 68.62 per cent stake in Rössing Uranium Limited for up to $106.5 million. According to a communiqué from the company, the total consideration comprises an initial cash payment of …

International Monetary Fund’s (IMF) latest focus on the local economy anticipates the gradually recover with real GDP projected to contract this year and turn positive in 2019. Geremia Palomba, IMF official said the anticipated turn will be supported by strong mining production and a rebound in construction activities. “Growth is …

Tantalite Investment Mine has re-employed 17 of the 91 workers recently retrenched. According to the company, the re-employed staff will form part of a skeleton crew to keep the mine operational. The development comes after mines minister Tom Alweendo had a meeting Tantalite management to address the retrenchment issue. Larry …

Deep Yellow’s broad delineation drilling in the Tumas 1 East area on EPL3497 has been completed indicating extensive uranium mineralisation. “Our work on the Reptile Project is again confirming the very high prospectivity of the Tumas palaeochannel system that has been identified. The new zone of mineralisation that has been …

TSX-listed Trevali Mining has lowered its zinc and lead production guidance for the Caribou mine in Bathurst, New Brunswick, but the company remains on track to achieve its consolidated zinc production guidance. The Caribou mine’s zinc guidance has been lowered from a range of 86-million to 90-million pounds, to between …

Global innovator in the bulk material handling industry Martin Engineering has developed new cleaning technologies for applications where space for installation is limited. According to the company, the latest SQC2STM RM (Reduced Mini) Cleaner is a compact secondary belt cleaner allowing installation in close quarters, built with a narrow profile …

Australian mining company Celsius Resources this week provided an update on ongoing exploration activities at its 95% owned Opuwo Cobalt Project in the country. In a statement on the company’s website, Celcius said that a zone of higher grade cobalt mineralisation is apparent in the latest drilling results, and is …