The global mining sector closed out the week with a series of operational milestones, governance updates, and new signs of growth across Africa and the Middle East.
Tharisa ends FY2025 on a strong note
Tharisa has reported a solid close to its 2025 financial year, with PGM output rising 19.7% quarter-on-quarter and chrome production up 2.9% in the fourth quarter. The dual-listed mining and metals company said the performance reflected its operational resilience and the success of its long-term investment strategy.
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Security incident at Montepuez Ruby Mining
In Mozambique, two police officers — including a commander from the Natural Resources Protection Force — were killed following an attack by a group of about 40 illegal miners at the entrance to Montepuez Ruby Mining (MRM) in Cabo Delgado province. The incident underscores ongoing security challenges facing the region’s gemstone operations.
Valterra Platinum reshapes its board
Valterra Platinum announced board changes this week as part of efforts to optimise governance structures and strengthen the composition of its committees. The company said the move aligns with its commitment to corporate transparency and effective oversight.
Also Read: Violence erupts at Gemfields’ Montepuez Mine as illegal miners kill two officers
Saudi Arabia’s mining momentum grows
Saudi Arabia’s mining sector continues to gather momentum, entering what government and industry leaders describe as an exciting new chapter defined by opportunity, innovation, and collaboration. With Vision 2030 driving diversification and investment, the Kingdom is rapidly positioning itself as a global destination for responsible and sustainable mineral development.
West Wits Mining begins underground production
In South Africa, West Wits Mining Limited achieved a key milestone at its Qala Shallows gold project in the Witwatersrand Basin, delivering its first underground ore to surface. The company said the achievement follows the completion and commissioning of essential underground infrastructure, including a concrete haul road and formal water management systems, paving the way for sustained production.
Newcore Gold expands Ghana drill program
Meanwhile, in West Africa, Newcore Gold has expanded its 2024–2025 drill program at the Enchi Gold Project in Ghana to 45,000 metres, following strong early results and a healthy cash position of about US$10 million. The program aims to unlock further resource growth potential across the 100%-owned project, located on the Sefwi-Bibiani Belt, home to several multi-million-ounce gold mines.
The initial phase focused on resource expansion and infill drilling to upgrade Inferred to Indicated Resources ahead of a planned Pre-Feasibility Study in late 2025, while the next phase will target deeper, higher-grade zones.
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