Tag: South Africa mining

South Africa's IDC
BusinessHot News

South Africa’s IDC to convert Orion loan into equity stake

South Africa’s IDC backs Prieska mine with an equity move, streamlining funding and timelines.

Timilehin Adejumobi Timilehin Adejumobi
Exxaro seals $660 million manganese deal, lifting South Africa’s supply role
BusinessTechnology

Exxaro acquires South African manganese mines in $660 million deal

South Africa’s mining sector is seeing another major consolidation. Exxaro Resources has completed a R10.6 billion ($660 million) acquisition of manganese assets, expanding its footprint in one of the world’s most important mineral belts.  The deal, agreed with Ntsimbintle Holdings and OMH, gives Exxaro full ownership of Ntsimbintle Mining and a controlling interest in the Tshipi Borwa Mine. The transaction…

Oluwatosin Alao Oluwatosin Alao
DRDGOLD CEO Niël Pretorius
BusinessHot News

DRDGOLD eyes acquisition of Sasol cyanide plant

DRDGOLD proposes buying Sasol cyanide plant to secure gold production.

Timilehin Adejumobi Timilehin Adejumobi
BHP
BusinessTechnology

BHP teams up with South Africa’s CGS to upgrade geoscience data

BHP and South Africa’s Council for Geoscience team up to modernize geological data and unlock new mineral prospects.

Timilehin Adejumobi Timilehin Adejumobi
South Africa's Platreef mine
BusinessHot News

Ivanhoe secures $700 million financing for South Africa expansion

Ivanhoe Mines secures $700 million to expand its Platreef mine, boosting South Africa metals output.

Timilehin Adejumobi Timilehin Adejumobi
Prieska Copper-Zinc project
BusinessHot News

Glencore-backed $250 million financing for Orion’s Prieska project faces year-end delay

Glencore-backed $250 million financing for Orion’s Prieska Copper-Zinc Project delayed to early 2026 amid year-end procedural hold-ups.

Feyisayo Ajayi Feyisayo Ajayi