Modern Mining August 2025

Khwelamet takes ownership of Samancor’s Metalloys smelter complex.

Khwelamet hopes to bolster SA’s ferromanganese output.

Khwelamet, a subsidiary of Khwela Capital, jointly owned by Menar Capital and Ntiso Investment Holdings, hopes to bolster South Africa’s ferromanganese output and support the country’s reindustrialisation efforts by reviving the complex. The company plans to refurbish the complex and, thereafter, gradually restart production. This process will occur in a series of phases that will be rolled out over time. Before being placed under care and maintenance in March 2020, Metalloys produced a range of ferromanganese alloys critical to the global steelmaking industry. This is a strategic asset for the company and the South African economy. Despite being the world’s biggest supplier of manganese ore, South Africa’s capacity to beneficiate has drastically decreased over the past two decades, mainly due to escalating electricity costs and electricity supply disruptions. The return of Metalloys under the Khwelamet brand creates an opportunity to replenish lost production capacity while taking advantage of locally sourced manganese ore. n

Giyani receives LOI from EXIM TSX-listed Giyani Metals Corp., developer of the K.Hill Battery-Grade Manganese Project in Botswana, has received a letter of interest (LOI) from the Export-Import Bank of the United States (EXIM) for up to $225 million in financing to support the construction of the Project. The potential funding from EXIM falls under the Supply Chain Resilience Initiative (SCRI) the aim of which is to reduce US dependence on critical mineral supply chains controlled by the People’s Republic of China. US EXIM is the official Export Credit Agency (ECA) to the US Government. A key requirement to unlock the funding from EXIM is to secure offtake contracts with US companies, which is a fundamental component of Giyani’s strategy. Charles FitzRoy, CEO of the Company, commented: “Whilst this is the first step in the process of securing possible funding, this important milestone validates Giyani as a preferred strategic developer of battery-grade manganese products. ECA funding is an important part of financing critical minerals projects, as it offers the potential to secure lower cost loans than traditional debt, with longer repayment periods.” n

Craig Miller, CEO of Valterra Platinum.

Valterra Platinum lists on London Stock Exchange Valterra Platinum recently listed on the Main Market of the London Stock Exchange under the ticker symbol “VALT”. This follows the demerger from the Anglo American group which concluded on 31 May 2025. Craig Miller, CEO of Valterra Platinum said “Today marks a significant milestone as Valterra Platinum joins the main market of the London Stock Exchange, complementing our primary listing in Johannesburg. Our secondary listing is a pivotal step in our evolution as a standalone, platinum group metals business. Not only does this listing broaden our shareholder base and access to our world-class assets but it also underscores our commitment to long term value creation for the benefit of all our stakeholders.” Valterra Platinum is one of the world’s leading integrated producers of platinum group metals (PGMs). n

Giyani Metals CEO, Charles FitzRoy.

AUGUST 2026 | www.modernminingmagazine.co.za  MODERN MINING  5