Latest South Africa News

West Wits Mining has reached a pivotal milestone with first underground ore production at its Qala Shallows project, supported by a robust updated feasibility study and full funding secured for initial gold production.

Black Rock Mining has secured A$14 million through a placement and oversubscribed share purchase plan to kickstart early construction at its Mahenge Graphite Project in Tanzania, backed by strong government and industry support.

MRG Metals has confirmed four distinct alluvial rare earth deposits at its Adriano project in Mozambique, with all samples showing significant heavy mineral concentrate. Laboratory assays are underway to define the rare earth content, potentially advancing the project toward resource development.

Minbos Resources has entered a binding agreement with Talus Renewables to develop the Capanda Green Ammonia Project in Angola, aiming to supply both European and African markets with competitively priced green ammonia.

Clean TeQ Water Limited reports strong Q1 FY26 progress, securing major contracts and boosting cash reserves amid advancing proprietary water treatment technologies.

Fortuna Metals has acquired two exploration licences in Malawi’s emerging rutile province, completed initial drilling programs, and appointed Tom Langley as CEO, positioning itself alongside a world-class deposit. The company also raised $2.1 million to fund ongoing exploration.

Theta Gold Mines has launched a significant capital raising initiative combining a $12 million placement, a $2 million share purchase plan, and a $32 million cornerstone investment, all accompanied by attaching options subject to shareholder approval.

Theta Gold Mines has launched a $2 million Share Purchase Plan at a discounted price of $0.21 per share, inviting eligible shareholders to invest in the advancement of its flagship TGME Gold Project in South Africa.

Orion Minerals reported a net cash outflow of A$3.1 million for the September 2025 quarter but has secured an $8.6 million capital raise post-quarter to support ongoing project development and operations.

Orion Minerals has taken a major step forward by signing a non-binding term sheet with Glencore for up to US$250 million in financing and offtake agreements, advancing its Prieska Copper Zinc Mine towards production.

Theta Gold Mines has secured an additional US$6 million from cornerstone investors and converted outstanding convertible loans into shares and options, reinforcing its balance sheet as it advances the TGME Gold Project in South Africa.

Southern Palladium has raised A$20 million through a strategic share placement to accelerate its Bengwenyama PGM project, positioning the company for key milestones including a Final Investment Decision in 2026.