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Greenvale buys new uranium project in NT’s Arunta region

Published: 16 Oct 24

ASX-listed Greenvale Energy has enhanced its Australian energy portfolio with the acquisition of a new uranium project in the eastern Arunta region of the Northern Territory. Greenvale will acquire an 80% interest in EL33621 and EL33692, comprising the Tobermorey uranium project, from project vendor Gempart.

Saudi's Manara in advanced talks to buy stake in First Quantum's Zambian mines

Published: 16 Oct 24

Saudi Arabia's Manara Minerals is closing in on a deal to buy a minority stake in Canadian miner First Quantum Minerals' Zambian copper and nickel assets, three people familiar with the details told Reuters. Manara, a joint venture between Saudi Arabian mining company Ma'aden and its $925 billion Public Investment Fund, is in advanced talks to acquire between 15% and 20% equity in the Zambian assets, the sources said.

Aurum-Mako merger creates West African gold firm

Published: 16 Oct 24

Australia-listed Aurum Resources and Mako Gold have announced an agreement to merge, creating an emerging exploration and development gold business in West Africa. The merged company will have two key gold projects in Côte d'Ivoire, with about A$20-million in cash to deploy into rapid work programmes across its assets.

Terra Firma to build R1.3bn solar PV programme

Published: 16 Oct 24

Renewable-energy company Terra Firma has announced a new large-scale solar energy build programme that will see customers gain access to wheeled energy from August 2026. The R1.3-billion programme will deliver a combined 110 MW of wheeled energy services once completed.

Forum discusses public transport challenges, opportunities

Published: 16 Oct 24

Though South African public transport has historically been underfunded and infrastructure under-maintained, the democratic government has learned valuable lessons that can guide future planning and investment, City of Cape Town (CoCT) executive director for urban mobility Dalene Campbell notes. During an event on public transport in South Africa, hosted by the University of Johannesburg’s (UJ) Institute of Transport and Logistics Studies – Africa, on October 16, Campbell provided an overview of the South African public transport sector since the dawn of democracy in 1994, with a specific focus on initiatives undertaken by the CoCT.

Global economic freedom declines again, S Africa's gains inconsequential

Published: 16 Oct 24

Global economic freedom declined for the third year in a row, the yearly ‘Economic Freedom of the World’ report published by Canadian-headquartered Fraser Institute shows. “After decades of slow but steady increases, global economic freedom peaked in 2019 but has declined in each of the three years since then, which hasn’t happened since we began measuring economic freedom more than 25 years ago,” explains Fraser Institute senior fellow Matthew Mitchell, who also contributed to the report.

Insurance M&A dealmaking up in early 2024 – PwC

Published: 16 Oct 24

Auditing firm PwC says the first half of this year saw a measured uptick in dealmaking across the insurance industry, both globally and in South Africa However, despite the emergence of a turning rate cycle, macroeconomic weakness and political uncertainty for those still facing uncertain election outcomes, along with unresolved global tensions, continue to present challenges for investment and mergers and acquisitions (M&A) activity, the firm says.

South Africa's Lion ferrochrome operation.

South Africa remains attractive mining investment destination, China hears

Published: 16 Oct 24

The South African mining industry is diversifying from the gold mining era to an industry with a diverse range of mineral resources that include platinum group metals (PGMs), chrome, manganese, gold, vanadium, nickel, and rare earths considered critical for the cleaner world economy, Mineral Resources and Petroleum Minister Gwede Mantashe pointed out at the twenty-sixth China Mining Conference taking place in Tianjin. Mantashe drew the attention of China Natural Resources Minister Wang Guanghua to recent studies that highlight South Africa's remaining attractiveness as a mining investment destination.

GoviEx demonstrates high recovery rates using simple heap leaping for Muntanga project

Published: 16 Oct 24

TSX-V-listed GoviEx Uranium has completed an extensive metallurgical testwork programme at Mintek, in South Africa, which aimed to demonstrate the viability of the company’s heap leach process for the Muntanga project, in Zambia. The testwork has proven that the main deposits of Muntanga and Dibbwi East, which account for 80% of the measured and indicated resources, achieved uranium recoveries of 90% or better.

Tertiary completes inaugural drilling on Mushima North copper target

Published: 16 Oct 24

Aim-listed Tertiary Minerals has completed an inaugural drilling programme on the Mushima North copper project, in Zambia. The programme aimed to test the A1 and C1 copper, zinc and arsenic soil anomalies that were defined by a soil sampling programme last year.