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China steel, iron-ore drop for 5th day; but outlook still upbeat

By: Reuters     11th September 2017 Chinese iron-ore futures fell to their weakest level in almost a month on Monday, dropping for a fifth session along with steel prices as investors pared positions in the two commodities although the outlook for demand remained bright. The losses were in line with a retreat in other China-traded... 

Rare earth metals electrified by China's illegal mining clean-up

By: Bloomberg     7th September 2017 Rare earths are booming again as a clampdown on wildcat miners in China crimps supply in the world’s biggest producer while the clean energy boom bolsters their use in everything from electric vehicles to wind turbines. Prices for “light” rare earths including neodymium and praseodymium have... 

Huge opportunity to create more demand for platinum – PGI 

By: Martin Creamer     23rd August 2017 The South African platinum industry has been investing in platinum jewellery for more than 45 years through the Platinum Guild International (PGI), which has turned platinum jewellery into an amazing South African asset. Of all the platinum demand levers, platinum in jewellery is the one that can... 

Aluminium market deficit on the cards this year; price reacts to Chinese curtailments – BofAML

     22nd August 2017 The Chinese government has so far this year ordered 4.3-million tonnes of aluminium capacity closures at smelters in Inner Mongolia, Shandong and Xinjiang, pointing to the potential for a global aluminium market deficit to emerge before year-end, the latest analysis from Bank of America Merrill... 

World copper mine output falls 3% in first five months of 2017

By: Henry Lazenby     19th August 2017 Global copper mine output was 3% lower year-on-year during the first five months of 2017, according to the latest data from the International Copper Study Group (ICSG). Concentrate production declined by around 2.5% and solvent extraction-electrowinning (SX-EW) declined by around 4.5%. 

Gold trends sideways as greenback climbs on hawkish Dudley comments

By: Henry Lazenby     15th August 2017 Gold prices posted new losses on Monday and overnight as the US dollar index climbed on positive comments by Federal Open Market Committee voting member William Dudley. Dudley on Monday said it was not “unreasonable” to expect the Federal Reserve to release plans in September to start reducing... 

NUM, ANC ‘very encouraging’ – Royal Bafokeng Platinum 

By: Martin Creamer     1st August 2017 Royal Bafokeng Platinum CEO Steve Phiri said on Tuesday that he was “very encouraged” by the stance taken the day before by the National Union of Mineworkers (NUM) and the ruling African National Congress (ANC). “We can only improve the situation if we work together and not against each other,”... 

Goldman's now bullish on iron-ore this year but warns on 2018

By: Bloomberg     27th July 2017 Goldman Sachs Group boosted its iron-ore forecasts after better-than-expected demand in China raised prices, but combined the revised outlook with a warning that it remains bearish on next year on prospects for plentiful mine supplies and a worldwide glut. The three-month forecast was raised to... 

Copper rallies to two-year high, miners surge as China brightens

By: Bloomberg     26th July 2017 The red metal is red hot. Copper surged to the highest level in more than two years on the London Metal Exchange, lifting shares of producers including Glencore, driven by expectations that increasing demand in China may fuel a global shortage and buoyed by a weak dollar. Benchmark three-month... 

Paper trail on metal loans ended in fakes as banks lose millions

By: Bloomberg     4th July 2017 For all the high-tech wizardry of modern financial markets, there’s one corner of the commodity world that still depends almost entirely on printed paper – making it an easy target for crooks. Buyers and sellers of base metals like copper, aluminum and nickel use documents known as warehouse... 

As nasty quarter ends, iron's reprieve sees futures back in $60s

By: Bloomberg     28th June 2017 After what’s been a tough quarter, iron ore’s getting a small reprieve. Futures clawed their way back above $60 a metric ton and spot prices have rebounded from a one-year low as steel output holds up in China, buoying demand for the material even as its supply rises. The SGX AsiaClear contract... 

Ncondezi secures funding while it seeks a new JV partner

By: Megan van Wyngaardt     23rd June 2017 Aim-listed coal miner Ncondezi Energy has raised an additional $582 000 from existing lenders and senior management to fund the search for a new partner and to provide working capital for the group. The miner, which is developing the Ncondezi coal mine, in Mozambique’s Tete province, is seeking a... 

The hard-to-believe steel shortage that's unfolding in China

By: Bloomberg     5th June 2017 The world’s top steelmaker may have a shortage of steel. China has a lack of rebar, according to iron-ore miner Fortescue Metals Group, which says a shortfall of the key product helps to explain a divergence between the price of the commodity it digs up with the alloy it’s made into. There’s a... 

Ncondezi calls off joint development agreement with SEP

By: Megan van Wyngaardt     26th May 2017 Mozambique-focused coal miner and energy developer Ncondezi Energy will engage with new strategic partners who have expressed an interest in helping to develop its integrated thermal coal mine and 300 MW power plant in the country’s Tete province. This comes after the company on Friday suspended... 

Ncondezi seeks extension for loan repayment

By: Anine Kilian     10th May 2017 Aim-listed Ncondezi Energy has asked its loan holders to extend the repayment date for its shareholder loan, which became payable on Wednesday.  Ncondezi, which is developing an integrated coal power plant and mine project in northern Mozambique, has drawn down $2.19-million under the shareholder... 

Iron revival snuffed out as 'weakest commodity' drops again

By: Bloomberg     8th May 2017 Iron-ore’s attempt at a rebound lasted just a few short hours as investor concern over robust supplies, including near-record port stockpiles, and speculation some traders in China were rushing to offload holdings combined to snuff out the brief gain. In Singapore, SGX AsiaClear futures fell 2.1%... 

Surging copper stockpiles point to concerns over global demand

By: Bloomberg     5th May 2017 Another surge in copper stockpiles tracked by the world’s top base-metals bourse is reigniting concerns about demand for the material that’s often viewed by investors as a bellwether for the global economy. A 40% jump in inventories monitored by the London Metal Exchange in just three days comes... 

China's economy shaping up for positive 2018, Rio Tinto says

By: Bloomberg     4th May 2017 Latest indicators on China’s economy point to continued growth through 2018, according to mining giant Rio Tinto Group, which counts the world’s No. 2 economy as its biggest customer. “Are we concerned about the Chinese economic health? The answer is no,” CEO Jean-Sebastien Jacques told... 

Gold and bullion miners tumble as French vote cuts haven demand

By: Bloomberg     24th April 2017 Gold dropped to a two-week low and bullion mining stocks sank the most in more than a year as investors favoured riskier assets on expectation that Emmanuel Macron will become France’s next president. The metal slipped as much as 1.5% and South African gold miners plunged as much as 8.7% after... 

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can be no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012, that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, compared with India’s 7.6%,... 

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can he no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012 that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, as against India’s 7.6%, the... 

Rio Tinto sees bumpy ride for aluminum as China poses puzzle

By: Bloomberg     5th April 2017 Rio Tinto Group’s aluminum boss sees prices for the lightweight metal heading for an “extremely” volatile period, with uncertainty over when China will curb production helping to keep investors on edge. “That’s really where the uncertainty is at the moment,” Alfredo Barrios said in an interview... 

Ncondezi progresses JDA with SEP on 300 MW Mozambique power plant project

By: Natasha Odendaal     30th March 2017 Aim-listed Ncondezi Energy is steadily progressing the joint development agreement (JDA) with Shanghai Electric Power (SEP) for its 300 MW power plant project, located near Tete, in northern Mozambique. The agreement, once effective, will see SEP inject $25.5-million to fund the balance of the... 

Hedge funds may be falling back in love with commodities

By: Bloomberg     28th February 2017 Hedge funds are raising their exposure to commodities as prices rally and investors respond to macro shifts including the prospect of accelerating inflation under US President Donald Trump, according to Citigroup. “After two years of scaling back exposure to commodities, the fund community... 

Altona's Cloncurry JV agreement amended

By: Esmarie Swanepoel     14th February 2017 Copper miner Altona Mining has amended its joint venture (JV) agreement with Chinese partner Sichuan Railway Investment Group (SRIG) over the Cloncurry project, in north-west Queensland. Altona on Tuesday noted that SRIG has now been replaced as the JV partner by China Sichuan International... 

Choking China backs race to mine greener iron-ore for top mills

By: Bloomberg     9th February 2017 Chinese engineers who carved a railway through the Tibetan plateau and built the world’s longest sea-bridge across Hangzhou Bay have a new challenge: developing a $3.4-billion project on Australia’s remote Eyre Peninsula to meet increased demand for cleaner iron ore. China Railway Group Ltd., the... 

Enormous global demand on way for copper, platinum, zinc – Friedland

By: Martin Creamer     8th February 2017 Enormous global demand is building up for copper, platinum and zinc, driven by new technology, mitigation of health risks in hospitals and agricultural augmentation, Ivanhoe Mines executive chairperson Robert Friedland said on Wednesday. In a comprehensive address to the Investing in African... 

Geopolitical tensions, other factors to boost gold demand this year

By: Megan van Wyngaardt     13th January 2017 Heightened political and geopolitical risks, currency depreciation, expectations of rising inflation, inflated stock market valuations, long-term Asian growth and the opening of new markets are all expected to positively influence demand for gold and gold’s performance this year, says the World... 

Integration of IoT platforms in mining seen as way to enhance productivity

By: Ilan Solomons     16th December 2016 The adoption and implementation of exponential technologies will increase productivity and ensure greater efficiencies throughout the mining sector globally, asserts advisory firm Deloitte digital transformation in Africa head Gareth Rees. He points out that the mining sector has been developing... 

The ‘weird’ commodity that’s hurting bears as prices double

By: Bloomberg     7th December 2016 Iron-ore’s probably heading for a retreat in 2017 as new mine supply comes online and a surplus builds, according to UBS Group, which acknowledged that the commodity’s recent surge was unexpected and had torpedoed an earlier forecast for a slump this quarter. “It’s just surprised me,” Wayne... 

China’s chromium market ‘awakening’ under spotlight

By: Ilan Solomons     2nd December 2016 Companies need to rethink their position on China and change their mindsets to better understand this crucial market for the mining industry to plan a successful strategy, according to strategic market intelligence firm China Market Research Group MD Shaun Rein. He was addressing about 170... 

Australia gold output rises despite wet weather

By: Creamer Media Reporter      28th November 2016 Australian gold production during the three months to September rose to 75 t, despite severe weather conditions that affected some operations in the Eastern states, gold mining consultant Surbiton Associates has revealed. The September quarter production was a 1 t increase, or a 2% improvement,... 

Ruli Diseko

By: Martin Creamer     25th November 2016 This week we feature Ruli Diseko, CEO of Thakadu, a metals and energy beneficiation company involved in the construction of a $14-million purification plant at Lonmin's base metals refinery  

Copper explodes above $6 000 with prices set for best week ever

By: Bloomberg     11th November 2016 Copper briefly surpassed $6 000/t and headed for the biggest weekly rally ever as the metal became the focus for traders speculating on Donald Trump’s pledge to pour money into US infrastructure. Copper rose as much as 7.6% to $6 025.50, the biggest intraday increase since 2009. Prices were at $5... 

Safe-haven gold outperforms as Trump’s election spooks financial, equity markets 

By: Martin Creamer     9th November 2016 While gold outperformed as a safe haven after Donald Trump’s worrying election as the forty-fifth president of the US, financial and equity markets were frightened into falls along with emerging market currencies, including the rand. The World Gold Council (WGC) reported on Wednesday that gold... 

Shanghai to host chromium conference next week

By: Ilan Solomons     4th November 2016 The International Chromium Development Association (ICDA) will be hosting the Chromium 2016 conference in Shanghai, China from November 8 to 10, where presenters will provide insights into the current state of the sector and its future prospects. ICDA president Jeff McLaughlan will open the event... 

Trump angst fires up gold as victory may see rally toward $1 400

By: Bloomberg     3rd November 2016 Donald Trump has lit a fire under the global gold market. Bullion rose for a sixth straight day as the tightening US presidential race spurred a jump in haven demand, with investors seeking out protection in their portfolios against the possibility of a victory for the maverick Republican... 

Why electric cars excite the world’s biggest mining company

By: Bloomberg     1st November 2016 BHP Billiton, the world’s biggest miner, is hot for electric vehicles. The Melbourne-based resources giant, which mines metals and coal used for both steelmaking and fueling power plants, is increasingly optimistic that there’ll be a surge in demand for some of its products as consumers opt for... 

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