Miningmx
Independent news/analysis on the African mining sector.
Water Security a Growing Risk for SA Mining
South Africa’s mining sector faces escalating water‑security risks, with bulk water supplies expected to be disrupted across several regions in 2025, according to the Minerals Council’s annual review. The council called for policy certainty, infrastructure reform, and reliable energy and water systems to sustain investment. It highlighted regulatory uncertainty, especially around the draft Mineral Resources Development Bill, as a key barrier to sector growth. The mining industry contributed roughly $26.5 billion, or 6.2% of GDP, and employed over 470,000 workers in 2025.
Transition Ventures Raises $150m AI-Focused Fund
London‑based Transition Ventures has closed a $150 million fund aimed at power infrastructure, artificial intelligence, robotics, and critical materials. The new vehicle marks a strategic pivot from the firm’s original clean‑tech focus toward the growing electricity needs of AI‑driven data centres....
BHP Scales Back Once Critical Decarbonisation Plans
BHP has halted its solar‑battery project at the Jimblebar iron ore mine and postponed a 500 MW renewable‑energy and storage system, also scrapping a lower‑emissions processing plant that could have cut 1.7 million tonnes of CO₂ per year. The miner says it...
Guinea Unveils Plan to Curb Bauxite Exports After Surge
Guinea, the world’s largest bauxite producer, will unveil export‑control reforms in June after a 25% surge in shipments to 183 million tonnes in 2025 drove prices down almost 50% from their early‑2024 peak. The government says limiting exports will rebalance supply,...
Orion Hails “Visibility” As SA Investors Join $15.4m Capital Raise
Orion Minerals completed a $15.4 million share placement, issuing 698 million shares at an average price of A$0.022 (26 cents SA). South African investors contributed roughly $5 million, underscoring growing local confidence after the Copper 360 slump. The proceeds will fund the Uppers Project and...
Mantengu Announces Reverse Takeover by UAE Energy Firm
UAE‑based Averi announced a reverse takeover of South African miner Mantengu, issuing 650 million shares to acquire a company valued at $120 million, double Mantengu’s $60 million valuation. The deal gives Mantengu shareholders roughly one‑third ownership of the combined entity and will move...
Anglo Unveils New Deal to Sell Aussie Coal Mines for $3.86bn
Anglo American announced the sale of its remaining Australian steelmaking coal assets to UK‑based Dhilmar Limited for $3.86 bn, including $2.3 bn in upfront cash and a price‑linked earn‑out. The proceeds will be used to trim the company’s $8.57 bn net debt, with...
Investors Take Profits From Platinum but Tailwinds Persist
The World Platinum Investment Council reported an oversupply of platinum in Q1, driven by an 18% production surge in South Africa, but expects a fourth straight annual deficit, with a 297,000‑ounce shortfall projected for 2026. Investor redemptions are pulling roughly...
Transnet Signs Rail Deals in Major Boost for Network Reform
Transnet announced it has secured an extra 24 million tonnes of freight capacity on South Africa’s rail network by signing agreements with 11 independent operators covering coal, manganese, fuel, containers and general freight. The deals are the first output of the...
Stewart Aims to Keep It Simple at Sibanye-Stillwater
Sibanye‑Stillwater reported earnings of roughly $1.1 billion for the quarter, a 371 % jump driven by soaring gold and PGM prices. CEO Richard Stewart said the company will simplify its portfolio to five cash‑generating assets and cut gross debt by half, targeting...
AngloGold Unveils $2bn Buyback as Registers Record Cash Flow
AngloGold Ashanti disclosed a $2 bn share repurchase program after reporting a record $1.17 bn free cash flow in Q1. The miner paid a base dividend of $63 m (12.5 cents per share) and increased total shareholder payout to $585 m, or 116 cents per share....
US and South Africa Open Minerals Investment Talks
The United States and South Africa have launched preliminary talks on mining, investment and infrastructure projects, convening roughly 25 officials in Johannesburg. The meeting, the highest‑level bilateral mineral dialogue of the year, aims to identify projects that could benefit from...
Is This a New Era for Platinum? Its Miners Think So
Platinum prices have surged to about $2,800 an ounce, roughly double 2023 levels, driven by renewed automotive demand for hybrids and internal‑combustion engines and new uses such as ruthenium in data centres. South Africa, which supplies 70% of global platinum,...
War Inflation Spells Trouble for SA Gold Miners Like Gold Fields
Gold Fields’ $100 million share‑repurchase program was stalled as US‑Iran war volatility rattled gold markets. The miner reported first‑quarter all‑in costs of $2,075‑$2,300 per ounce, a 10% rise year‑on‑year, driven by soaring diesel, freight and LNG prices. Gold prices slumped 17%...
JSE Gold Shares Surge on Hopes of US-Iran Deal
Gold and silver posted their strongest weekly gains as optimism over a potential US‑Iran peace deal lifted bullion prices. In London, gold climbed to $4,680.20 per ounce, up 3.7%, while silver surged 5.5% to $76.81. The news also sent the...