Latest South Africa News

Future Metals NL has delivered a significant upgrade to its Panton PGM Project, reporting an 82.3 million tonne resource at 1.6 g/t platinum equivalent, underpinning a refreshed development plan.

Southern Palladium’s latest DFS metallurgical tests reveal a dramatic jump in chromite recovery to 85.6%, alongside improved platinum group metal grades and recoveries, potentially reshaping project economics.

Zoono Group has reported a 94% jump in quarterly cash receipts to NZ$975K, turning cash flow positive amid expanding commercial rollouts of its shelf-life extension technology across multiple continents.

Alcoa Corporation has struck a $4.1 billion deal to acquire South32's bauxite, alumina, and aluminium operations, including a contingent value right of up to $750 million tied to commodity prices. The transaction is expected to close in H1 2027, pending approvals.

Alcoa Corporation has agreed to acquire South32’s bauxite, alumina, and aluminum assets for $4.1 billion upfront plus up to $750 million contingent, significantly boosting its upstream aluminum operations and supply chain resilience.

Black Rock Mining has secured an extension of its US$204 million debt facility to November 2026, providing more time to finalise equity funding for the Mahenge Graphite Project in Tanzania.

Kinetiko Energy has approved a Field Development Plan marking its shift from exploration to production at the Brakfontein gas project in South Africa, aiming to fast-track gas output and secure strategic funding.

West Wits Mining has locked in a R875 million (~USD 53 million) senior loan facility, receiving an initial R339 million drawdown that fully funds its Qala Shallows project through to steady-state gold production of 70,000 ounces per annum.

Alcoa Corporation is set to acquire South32’s bauxite, alumina, and aluminum assets for $4.1 billion upfront plus up to $750 million contingent, boosting its global scale and supply chain resilience.

Theta Gold Mines has secured US$18.6 million via placement and options exercise, completing equity funding for its US$90 million bond and advancing the TGME Gold Mine towards first production in early 2027.

Orion Minerals has confirmed the down-dip continuity of a high-grade copper zone at its Flat Mine East prospect with a new drill intercept of 3.96m at 4.64% Cu, including 0.95m at 14.19% Cu, extending the deposit beyond previous drilling.

West Wits Mining has fully repaid its USD 12.5 million Nebari loan facility, unlocking the path to financial close and imminent drawdown of a ZAR 875 million (~USD 53 million) senior loan. This milestone underpins the Qala Shallows Project’s ramp-up to steady-state gold production.