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Middle East

Gold hits $2 000 as Israel-Hamas clash raises safe-haven allure
Gold hits $2 000 as Israel-Hamas clash raises safe-haven allure
28th October 2023 By: Bloomberg

Gold rose to $2 000 an ounce for the first time since May as concerns over conflict in the Middle East outweigh the impact of high bond yields. Israeli forces are expanding their activity in the... 


Arc Minerals chairperson Nick von Schirnding
Anglo, Arc agree $90m Zambia exploration joint venture
27th October 2023 By: Martin Creamer

London Aim-listed Arc Minerals on Friday closed out a joint venture (JV) agreement with Anglo American in a deal worth $90-million. Parties have completed the subscription of shares in the JV... 


FCEVs to reach 1.5m units by 2030
27th October 2023 By: Darren Parker

Fuel cell electric vehicles (FCEVs) are poised for rapid growth and are expected to reach nearly 1.5-million units globally by 2030, according to the World Platinum Investment Council (WPIC). 


Anglo American projects and development director Alison Atkinson.
Finland may be site of Anglo’s next greenfield mining project
27th October 2023 By: Martin Creamer

Sakatti, with its metal concentrations of platinum group metals (PGMs), copper, nickel, cobalt, and others, may be the site of the next greenfield project of diversified Johannesburg- and... 


South32 annual general meeting.
South32 continuing to investigate reducing Hillside Aluminium’s emissions intensity
26th October 2023 By: Martin Creamer

The long-term energy transition solutions on which South32 is focused are renewable energy and electrification. The Sydney-, Johannesburg- and London-listed diversified mining company has... 


Graphite ore
Tesla supplier Syrah expects more graphite buys ahead of China export ban
26th October 2023 By: Reuters

Australian producer Syrah Resources on Thursday said it expects buyers outside of China to step up their purchases of natural graphite before stricter export controls on the battery material came... 


Anglo American Strategy & Sustainability Director Helena Nonka.
Anglo carbon emissions cut by transition to 100% renewables in South America
25th October 2023 By: Martin Creamer

The transition of Anglo American to 100% renewable electricity supply across its South America operations has helped the London- and Johannesburg-listed diversified mining company to reduce its... 


Anglo American reports third-quarter production.
Anglo: copper production up, rough diamond production down
24th October 2023 By: Martin Creamer

The copper production of diversified mining company Anglo American increased by 42% in the third quarter owing to the ramping up of the new Quellaveco copper mine in Peru. However, this was offset... 


Saldanha Bay Transnet port terminal.
Anglo’s Kumba achieves iron-ore prices above benchmark in third quarter
24th October 2023 By: Martin Creamer

Iron-ore prices strengthened during the third quarter of this year despite a 7% increase in global iron-ore supply and thin steel mill margins. Steel production in China has In the year to date... 


Anglo American Platinum's Mogalakwena operation.
Anglo Platinum reports higher PGM sales volumes but much lower prices
24th October 2023 By: Martin Creamer

Anglo American Platinum on Tuesday reported an increase in the sales volumes of platinum group metals (PGMs) from production, excluding trading, in the three months ending September 30. Owing to a... 


An offshore oil rig
Global oil demand to reach its peak this decade, IEA says
24th October 2023 By: Bloomberg

Global demand for oil will reach its peak this decade, the International Energy Agency predicted for the first time, amid growing popularity of electric cars and the cooling of China’s economy. The... 


South Africa Manganese's Hotazel mine in the Northern Cape.
South32 reports record quarterly production at South Africa Manganese
23rd October 2023 By: Martin Creamer

South Africa Manganese continued its strong performance in the three months to September 30, when it increased saleable production by 7% to a record 628 000 wet metric tonnes (wmt), South32... 


Copper drops to lowest since November as demand outlook darkens
Copper drops to lowest since November as demand outlook darkens
23rd October 2023 By: Bloomberg

Copper tumbled to the lowest in nearly eleven months, offering fresh evidence that soaring borrowing costs and slower spending are beginning to bite in all corners of the industrial economy.... 


Gold slips from 5-month peak as investors look to US economic data
Gold slips from 5-month peak as investors look to US economic data
23rd October 2023 By: Reuters

Gold prices retreated from last session's five-month peak on Monday as the US dollar and Treasury yields strengthened ahead of crucial economic data this week, with investors looking for any signs... 


Zimbabwe’s biggest diamond miner shifts sales to Dubai auctions
20th October 2023 By: Bloomberg

Zimbabwe’s biggest diamond producer has shifted almost all of its sales to Dubai, targeting cutters, polishers and traders and eliminating middlemen. Zimbabwe Consolidated Diamond Co. has auctioned... 


Quinton Van der Burgh
South Africa’s QGC secures $1bn for push into green metals
20th October 2023 By: Bloomberg

Q Global Commodities, owned and run by South African coal investor Quinton Van der Burgh, has agreed a partnership with Abu Dhabi’s F9 Capital Management to invest $1-billion in mines producing... 


Gold scales 3-month peak as Middle East conflict spurs demand
Gold scales 3-month peak as Middle East conflict spurs demand
20th October 2023 By: Reuters

Gold prices hit a three-month high on Friday and were set for a second straight weekly gain, with demand bolstered by the Middle East conflict and expectations that the Federal Reserve's rate hikes... 


Lion ferrochrome smelter.
Merafe reports 21% lower ferrochrome production in first nine months
20th October 2023 By: Martin Creamer

Third-quarter attributable ferrochrome production of Merafe Resources from the Glencore Merafe Chrome Venture was 40 000 t, which resulted in a production decrease of 21% for the first nine months... 


Envusa's energy trading area.
Anglo's Envusa applies to trade 520 MW of green electricity with seven operations
19th October 2023 By: Martin Creamer

Renewables company Envusa Energy, which is owned jointly by Anglo American in partnership with EDF Renewables, this week lodged an application for a licence to trade electricity in South Africa’s... 


Taliban says plans to formally join China's Belt and Road Initiative
19th October 2023 By: Reuters

The Taliban administration wants to formally join Chinese President Xi Jinping's huge 'Belt and Road' infrastructure initiative and will send a technical team to China for talks, Afghanistan's... 


Implats group mine Impala Rustenburg.
Implats board recommends broader category of financial recipients ahead of AGM
18th October 2023 By: Martin Creamer

Identified for approval at the upcoming annual general meeting (AGM) of Implats is the accommodation of a broader category of financial recipients by the platinum group metals (PGMs) mining company... 


Night view of the Mufulira acid plant.
South African metals group awarded joint venture copper/cobalt slag project in Zambia
17th October 2023 By: Martin Creamer

A diversified South African metals processing business that has expanded into Africa, on Tuesday announced that it had been awarded a copper slag project that will be executed in joint venture (JV)... 


Tharisa CEO Phoevos Pouroulis.
Tharisa extends out Karo platinum project commissioning timeline by 12 months
17th October 2023 By: Martin Creamer

The continued weakening of platinum group metal (PGM) prices and macroeconomics have resulted in the Karo platinum project timeline for commissioning being extended out by 12 months to June 2025,... 


The platinum group metals Polokwane smelter of Anglo American Platinum in Limpopo.
Minerals Council South Africa highlights green hydrogen economy’s forward momentum
16th October 2023 By: Martin Creamer

The world over, green hydrogen is being recognised as the most effective route towards combating the climate crisis in the most holistic way possible, with Minerals Council South Africa on Monday... 


Access to capital now mining’s second-biggest risk after ESG
Access to capital now mining’s second-biggest risk after ESG
16th October 2023 By: Mariaan Webb

While environmental, social and governance (ESG) remains the biggest risk to mining companies, executives are now ranking capital as the second-biggest risk as the sector grapples to fund the... 


Seequent CEO Graham Grant
Subsurface technology important for achieving a just transition
16th October 2023 By: Marleny Arnoldi

The energy transition is fundamentally an underground transition, says geoscience software company Seequent CEO Graham Grant, because 80% of the energy consumed globally currently comes from or is... 


Gold bars
Gold eases, but Israel-Hamas war keeps prices above $1 900
16th October 2023 By: Reuters

Gold prices fell on Monday due to technical selling after a strong rally in the previous session, although concerns over potential escalation of conflict in the Middle East kept bullion above the... 


The raging Israel-Hamas war has pushed gold prices above the $1 900/oz ceiling.
Gold skids, but holds above $1 900 as Israel-Hamas war rages
16th October 2023 By: Reuters

Gold slid on Monday pressured by technical selling, following a fierce 3% rally in the previous session, as raging Israel-Hamas war sent investors scuttling to the safe-haven bullion and pushed... 


Gold gains on safe-haven inflows, set for best week since March
13th October 2023 By: Reuters

Gold jumped more than 2% and was set for its best week in seven months on Friday, as conflict in the Middle East lifted safe-haven demand for the metal, combined with expectations that the U.S.... 


Tharisa Mine.
R1bn solar energy project on track to supply Tharisa mine by end 2024
13th October 2023 By: Martin Creamer

The R1-billion solar project being developed by Chariot Transitional Power and Total Eren in North West province is on track as planned to be completed end 2024. In doing so, it will contribute to... 


World’s top miners need more ambition to meet climate targets
12th October 2023 By: Bloomberg

The world’s biggest miners including BHP Group and Rio Tinto Group will face growing pressure from investors to properly measure their carbon footprints, according to an international research... 


Plug CEO Andy Marsh.
Americans, Australians partner to build out, scale up global green hydrogen ecosystem
12th October 2023 By: Martin Creamer

Building out and scaling up a global green hydrogen ecosystem collaboratively is at the heart of an American-Australian business partnership announced this week amid 30-plus countries already... 


Anglo, Mitsubishi collaborate to create copper with demonstrably strong provenance credentials
12th October 2023 By: Martin Creamer

London- and Johannesburg-listed diversified mining company Anglo American has signed a memorandum of understanding with Mitsubishi Materials Corporation to collaborate on the creation of a copper... 


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