Botswana sees a recovery in economic growth this year and plans to increase spending on infrastructure development in a “stimulus” budget, its finance minister said on Monday. South Africa’s neighbour country’s economy was hit by a decline in demand for diamonds last year. The gems generate about 30% of itsContinue Reading
The ongoing delivery of the N2 Wild Cost Road (N2WCR) in South Africa has been lauded for its impact on the local community even before the effects of its fulfilment have been felt The multibillion rand project has been described as one of the most ambitious in the history ofContinue Reading
Cement & Concrete SA (CCSA), an organisation initially established 86 years ago as the Concrete Association of South Africa, has closed its doors after the four major domestic cement producers withdrew their funding. Quantum Readymix Concrete MD Calvin Billett said the closure is a sad day for SA because itContinue Reading
The country is losing out on mining investments to African nations with more favourable operational and regulatory environments. South Africa was once Africa’s undisputed mining champion. It built its major economy on gold and diamonds, particularly in the 20th century. But that status has been slipping, as was evident at theContinue Reading
The world’s largest mining company has a problem. Australia’s BHP has set out its intention to snap up the rival miner Anglo American in a multibillion-pound deal that would reshape the global industry. Its proposed £31bn takeover plan has already been rebuffed as a lowball offer that undervalues the company. But Anglo’sContinue Reading
BHP Group Ltd.’s proposal for Anglo American Plc to spin off platinum and iron ore units before a takeover would likely require approval from South African regulators, according to a government agency. Under BHP’s offer, Anglo would need to first divest its controlling interests in Kumba Iron Ore Ltd. andContinue Reading
Tharisa Mines is trying to gag us, say Oridile Kgatea and Rodney Kotsedi Two community-based environmental justice activists are taking on the might of a Marikana mining company which, they say, is attempting to gag them through a court interdict. The management of Tharisa Mines in Marikana has already securedContinue Reading
Sibanye Stillwater CEO Neal Froneman received a R56 million payday in 2023 – a significant drop from the R291 million he received in 2021. Froneman recently said that the fall of Platinum Group Metals (PGMS) prices had the most significant impact on Sibanye’s business following a post-Covid boom. The priceContinue Reading
MASVINGO, Zimbabwe — At the end of November last year, Zimbabwean President Emmerson Mnangagwa and Sinomine Resource Group chair Wang Pingwei walked into a lithium processing plant, construction hats firmly on. With a crowd of policymakers, company workers and press looking on, they hailed the mining group’s $300 million investmentContinue Reading
Zimbabwe’s President Emmerson Mnangagwa has reappointed Winston Chitando as the Southern African nation’s Mines Minister, a post he held before last year’s elections. Prior to his reappointment, Chitando was the local government minister. Chitando’s reappointment is among several changes announced by the Chief Secretary to the President and Cabinet Martin Rushwaya late on Wednesday. Others include SodaContinue Reading
