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Exxaro media briefing.
Wind generation up, solar operational soon, Exxaro reports
14th March 2024 By: Martin Creamer

Group wind power generation last year increased by 8% and the Lephalale solar power project is on its way to being operational in the first quarter of next year, Exxaro CE Dr Nombasa Tsengwa... 


A Chrysos PhotonAssay unit
Capital achieves fourth consecutive year of strong growth
14th March 2024 By: Creamer Media Reporter

Mining services company Capital CE Peter Stokes says the company is excited for the year ahead after "another great year" in 2023, in which it achieved growth for the fourth consecutive year,... 


Exxaro CE Dr Nombasa Tsengwa.
Exxaro declares R5.4bn dividends, green energy business thriving
14th March 2024 By: Martin Creamer

Diversified mining company Exxaro, with interests in the coal, energy and ferrous markets, has declared final and special dividends. The share dividend of R10.10 a share is roughly R3.4-billion and... 


Work under way at the Black Rock manganese operation.
New level of Transnet transparency much improved – ARM
13th March 2024 By: Martin Creamer

Since the new leadership at State rail enterprise Transnet has began engaging with South Africa's mining industry, the level of transparency has been “much, much improved”, according to African... 


Unctad develops digital solution to promote new critical mineral discoveries
13th March 2024 By: Schalk Burger

To prevent a production gap of critical and energy minerals amid burgeoning demand to keep global warming within the 1.5 °C targeted under the Paris Agreement, the United Nations Conference on... 


Japan's Marubeni to invest in Hudbay's exploration activities
Japan's Marubeni to invest in Hudbay's exploration activities
13th March 2024 By: Reuters

Canadian miner Hudbay Minerals said on Wednesday that Japanese trading house Marubeni will invest up to C$12-million across exploration activities at three of the miner's projects. Once the... 


Amid nickel glut, Indonesia's next President vows to keep 'downstreaming' policy
13th March 2024 By: Reuters

Indonesia's incoming president, Prabowo Subianto, has pledged to continue predecessor Joko Widodo's nickel "downstreaming" policy but faces the task of reducing oversupply while pushing to... 


China's top copper smelters agree on rare joint production cuts, sources say
13th March 2024 By: Reuters

Chinese top copper smelters on Wednesday came to a rare agreement to jointly embark on production cuts at some loss-making plants as they seek to cope with a shortage of raw material, according to... 


Methane emissions in the oil and gas industry
Energy industry’s methane emissions near record despite pledges
13th March 2024 By: Bloomberg

Global methane emissions from fossil fuels held near a record high last year, the International Energy Agency (IEA) said in its annual 'Methane Tracker' report, renewing concerns that governments... 


Iron-ore’s split with stocks shows China’s new economy in favour
12th March 2024 By: Bloomberg

China’s stock market, and the price of one of the commodities central to its economy, are sending starkly differing signals on the country’s prospects. While iron ore, used to make steel, has... 


Two separate coal mine accidents kill 12 in China
12th March 2024 By: Reuters

wo separate coal mine accidents have killed 12 people in China over the last 24 hours, state broadcaster CCTV reported, the latest incidents to plague the industry after the government recently... 


African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe.
Right things are being done with Transnet, right things will be done with Eskom – Motsepe
12th March 2024 By: Martin Creamer

Dr Patrice Motsepe, the founder and chairperson of diversified mining company African Rainbow Minerals (ARM), has expressed confidence in the direction being taken by South Africa’s State transport... 


After massive bust, global lithium market shows signs of life
After massive bust, global lithium market shows signs of life
12th March 2024 By: Bloomberg

After a spectacular bust, battery-metal lithium is showing tentative signs of life on speculation the retracement that convulsed the market last year has forced the conditions for a recovery. The... 


China Copper seeks to acquire overseas mines amid tight supply, chairman says
12th March 2024 By: Reuters

China Copper, one of the country's leading producers of the metal, wants to acquire overseas mineral resources amid tight mined copper supply and rising demand, the company's chairman told Reuters... 


From left Orion Resource Partners’ Andrew Ham, Rigel’s Stephen Saunders, Aurous CEO Richard Floyd, Citi’s Michael Cramer, and Citi South Africa’s Flint McGregor.
South African gold producer to go public in combination with US group
11th March 2024 By: Martin Creamer

South African gold producer Aurous, which owns and operates the Blyvoor gold mine and the Gauta tailings retreatment project on Gauteng's West Rand, has announced plans to go public through a... 


African Rainbow Minerals (ARM) CEO Phillip Tobias.
ARM CEO commends workforce for heeding clarion call to improve volume, cost, grade
11th March 2024 By: Martin Creamer

Full ownership and execution of factors that are within management’s control are being elevated to the highest possible level by African Rainbow Minerals (ARM) CEO Phillip Tobias. ARM has sharpened... 


Gold bars
Gold pushes toward record as test of $2 200 looms on Fed outlook
11th March 2024 By: Bloomberg

Gold rose toward a record on expectations the US Federal Reserve will move to cut interest rates this year as inflation cools. Bullion for immediate delivery edged higher on Monday after rallying... 


Bougainville Copper appoints CEO and CFO
11th March 2024 By: Mariaan Webb

Bougainville Copper (BOC), the company which is seeking to reopen the Panguna mine in the South Pacific, has announced the appointment of David Osikore as MD and CEO and Johnny Patterson Auna as... 


Iron-ore woes deepen as inventories in China keep piling up
Iron-ore woes deepen as inventories in China keep piling up
11th March 2024 By: Bloomberg

Iron-ore slumped almost 5% — heading toward the $110 a ton mark — as disappointing demand in China left the market lumbered with bulging inventories. The steelmaking material has tumbled by almost... 


China’s big policy meet offers little to excite commodity bulls
China’s big policy meet offers little to excite commodity bulls
11th March 2024 By: Bloomberg

China’s highest profile political event of the year provided little cheer for commodities bulls hoping for a jolt to demand in the world’s biggest market for raw materials. The National People’s... 


African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe.
We are committed to confronting climate change – ARM
8th March 2024 By: Martin Creamer

African Rainbow Minerals (ARM) executive chairperson Dr Patrice Motsepe said during Friday’s presentation of dividend-yielding results that his diversified mining company is committed to... 


China’s copper smelters to discuss production cut as fees slump
8th March 2024 By: Bloomberg

China’s biggest copper smelters are set to meet in Beijing next week to discuss measures to counter a plunge in ore processing fees to the lowest level in years, including potential production... 


Gold surge could dull Indian wedding season demand; China outlook robust
Gold surge could dull Indian wedding season demand; China outlook robust
8th March 2024 By: Reuters

A surge in global gold prices to record highs could dampen consumption during the wedding season in India, but top buyer China will see robust safe-haven demand this year, analysts and traders... 


China coal group says peak demand imminent as clean power grows
China coal group says peak demand imminent as clean power grows
8th March 2024 By: Bloomberg

China is rapidly approaching peak coal consumption, but the fossil fuel’s role in helping to address energy security concerns means its use will plateau for some time after that, according to the... 


China coal imports seen flat in 2024, State-run utility says
8th March 2024 By: Bloomberg

China's coal imports are expected to be little changed in 2024, despite expectations for an increase of 4% in demand for the polluting fuel, a senior executive of a State-run utility said on... 


ARM Executive Chairperson Dr Patrice Motsepe.
ARM declares interim dividend from robust net cash position
8th March 2024 By: Martin Creamer

Diversified mining company African Rainbow Minerals (ARM) on Friday declared an interim dividend for the six months ended December 31, when ARM had net cash of R7.9-billion. The interim dividend of... 


Gold bars
Gold-backed ETFs record ninth month of outflows
7th March 2024 By: Marleny Arnoldi

Gold-backed exchange-traded flows (ETFs) recorded another outflow in February, extending their losing streak to nine months, with North America in the lead. Total assets under management... 


Elemental Energy’s Dereck Armstrong.
Stationary hydrogen power highlighted as major solution by Toyota fuel cell-using developer
7th March 2024 By: Martin Creamer

When Engineering News & Mining Weekly covered last month’s local launch of BMW’s first hydrogen car fleet on South Africa's roads, we discovered that BMW’s hydrogen refilling station in Midrand is... 


UBS ditches Credit Suisse plan to phase out coal financing
7th March 2024 By: Bloomberg

UBS Group is set to scrap a planned phaseout of coal financing that Credit Suisse had backed, as the global wealth manager prepares to unveil how the merged bank will tackle climate change. After... 


China’s commodities imports surge but demand may yet disappoint
China’s commodities imports surge but demand may yet disappoint
7th March 2024 By: Bloomberg

China’s raw materials purchases surged in the first two months of the year, as importers took advantage of weaker prices for some commodities and prepared for more stimulus from Beijing to lift... 


Australian Prime Minister Anthony Albanese and Vietnam Prime Minister Pham Minh Chinh
Australia, Vietnam upgrade ties amid US-China rivalry
7th March 2024 By: Bloomberg

Australia has joined the US in elevating its diplomatic ties with Vietnam to the highest level as Canberra moves to strengthen links across the Asia Pacific against a backdrop of China’s rising... 


China’s top coking coal miner calls on State to control supply
6th March 2024 By: Bloomberg

China’s coking coal industry needs more state protection, including restrictions on supply, according to the chairman of the biggest miner. Beijing should control mining activity, limit output and... 


World Platinum Investment Council Director of Research Edward Sterck.
Automotive demand for platinum expected to hit seven-year high this year
6th March 2024 By: Martin Creamer

This year could potentially turn out to be quite an interesting year for platinum as a commodity and also as an investment, with the 2023 platinum market deficit of 878  000 oz forecast to be... 


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Flameblock
Flameblock

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