Mineral sales hit R332bn for the first four months of 2026
South Africa's mineral sales reached R332bn in the four months to April 2026, up 36.5% year-on-year, with the Minerals Council projecting full-year sales near R995.5bn.
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ZESCO says Zambia's power supply is stable enough to rule out load shedding
Zambia's power utility ZESCO says the country's electricity supply is stable and nationwide load management will not return this year, citing improved hydro, thermal and solar generation.
BMI cuts platinum and palladium forecasts as car sales shrink
BMI cut its platinum and palladium price forecasts in mid-2026, citing shrinking global car sales and a recovering South African PGM supply chain.
South Africa moves to tax chrome ore exports and require ITAC permits
South Africa's government has proposed a 25% export tax on raw chrome ore and new permitting requirements, aiming to revive a ferrochrome smelting industry that has shrunk from 66 furnaces to just 11.
Rising volumes, falling prices: Guinea's 2026 bauxite paradox
Guinea's bauxite exports keep setting records in 2026, but free-on-board prices have slid to around $38-39 a dry tonne as oversupply and rising freight costs squeeze producer margins.
Transnet completes R4bn tippler upgrade at Saldanha iron-ore terminal
Transnet Port Terminals has finished testing a new R4bn tippler at Saldanha Bay, the terminal that handles about 96% of South Africa's iron-ore exports, with full handover due in September 2026.
Wesizwe Platinum to cut 70% of staff as it abandons phased ramp-up plan
Wesizwe Platinum will cut about 497 of its 706 employees as it scraps a phased ramp-up at its Bakubung mine in favour of jumping directly to 3.5 million tonnes a year of ore.
Kipushi sets new monthly zinc record, stays on track for 2026 guidance
Ivanhoe Mines' Kipushi mine in the DRC set a new monthly zinc production record in May, putting it on course to become the world's fourth-largest zinc producer this year.
Simandou shipments jump to 2.2Mt in May as Morébaya port loading improves
Iron ore exports from Guinea's Simandou project reached 2.2 million tonnes in May, up from a record 1.3 million tonnes in April, suggesting bottlenecks at the Morébaya port are starting to ease.
Theta Gold Mines secures $90m bond to fund Pilgrim's Rest project construction
Theta Gold Mines said on 1 June 2026 it had priced a $90m senior secured bond to fund construction of its TGME gold project at Pilgrim's Rest, targeting first gold in early 2027.
Nersa approves discounted Eskom power rate to save ferrochrome smelters
South Africa's energy regulator has approved a concessionary 62c/kWh Eskom tariff for Samancor Chrome and Glencore-Merafe's ferrochrome smelters, aimed at halting further plant shutdowns.
Platinum Week: analysts split on whether the rally can keep doubling
At London's annual Platinum Week, the World Platinum Investment Council warned against expecting another price doubling, while analysts highlighted AI-linked data storage and green hydrogen as emerging demand sources.
Tharisa secures fiscal stability deal with Zimbabwe for $545m Karo project
Tharisa reached agreement with Zimbabwe's government on fiscal stability terms for its $545m Karo Platinum project, including a 15% corporate tax rate and the right to remit dollars to service project debt.
Platinum's 2025 deficit revised to a record 1.1 million ounces
The World Platinum Investment Council's Q1 2026 report showed the 2025 platinum deficit revised up to a record 1.1 million ounces, with a further 240,000-ounce shortfall forecast for 2026.
WPIC sees fourth platinum deficit in 2026 despite first-quarter surplus
The World Platinum Investment Council recorded a 268koz platinum surplus in the first quarter of 2026 as ETF holders sold and mine supply rebounded, but still forecast a 297koz deficit for the year.
Frontier Nuclear nears maiden uranium resource at Namibia's Engo Valley
Frontier Nuclear and Minerals says it is close to publishing a maiden mineral resource estimate for its Engo Valley uranium project in Namibia, after completing a second phase of drilling.
Zambia's ZCCM-IH moves to raise stakes in Lubambe copper and KoBold's Mingomba project
ZCCM-IH's chief executive said in May 2026 the Zambian state investment company was working to raise its stake in KoBold Metals' Mingomba copper project to 25% from 20%, after already lifting its Lubambe Copper Mines stake to 30%.
Transnet hands 11 private operators slots on freight rail network
Transnet has concluded access agreements with 11 train operating companies covering coal, manganese, containers and fuel, in the first big step of its open-access rail reform.
Sibanye-Stillwater prices $500m bond to cut debt and push out maturities
Sibanye-Stillwater priced an oversubscribed $500m senior notes offering on 8 May 2026 and used the proceeds to tender for older, higher-coupon Stillwater notes due 2026 and 2029, cutting group debt.
Tharisa signs open-book underground contract with Cementation Africa
Tharisa concluded a five-year open-book mining contract with Cementation Africa for its underground transition, adopting a transparent cost-plus model over the traditional rates-based approach.
Ghana's mining investment fund flags longer life for Ahafo North
A delegation from Ghana's Minerals Income Investment Fund visited Newmont's Ahafo North mine, saying the operation could exceed its original mine-life estimate and reporting no major safety incidents so far in 2026.
Pay strike halts mining at Baowu-led Simandou blocks in Guinea
Mining at the Winning Consortium Simandou blocks in Guinea stopped from 28 April after an estimated 3,000 workers struck over pay, the first strike at the Baowu-led venture. Rail and port operations continued.
KoBold Metals breaks ground on Zambia's $2bn-plus Mingomba copper mine
AI-driven explorer KoBold Metals has broken ground on shaft construction at its Mingomba copper project in Zambia, targeting first output in the early 2030s.
Southern Palladium doubles expected chrome recoveries at Bengwenyama
Southern Palladium said metallurgical test work had more than doubled expected chrome recoveries at its Bengwenyama PGM project to 65%, though incorporating the improvement delayed its feasibility study to the fourth quarter.