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Menar MD Vuslat Bayoglu.
Menar MD Vuslat Bayoglu.
Construction phase of Menar’s new R600m colliery project is in full swing
26th May 2023 By: Martin Creamer

The construction phase of the new Gugulethu Colliery is in full swing. “We’ve started working on the box cut with the anticipation that first coal will be extracted sometime around July/August this year,” Menar MD Vuslat Bayoglu tells Mining... 


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Sagging demand drags copper towards 6th straight weekly loss
26th May 2023 By: Reuters

Copper prices rose on Friday but remained on track for a sixth consecutive weekly loss amid lacklustre demand from top metals consumer China and other markets. Benchmark copper on the London Metal... 


Nippon Steel still in talks with Teck as it seeks stake in coal asset
Nippon Steel still in talks with Teck as it seeks stake in coal asset
26th May 2023 By: Bloomberg

Nippon Steel is still in talks with Teck Resources, despite Glencore's bid for the Canadian miner, as Japan's top steelmaker remains eager to take a stake in Teck's high-grade coking coal asset, a... 


China recovery bigger worry than EU carbon tax, Hindalco MD says
China recovery bigger worry than EU carbon tax, Hindalco MD says
26th May 2023 By: Bloomberg

The uncertainty over China’s economic recovery is proving to be a headwind for metal producers in the short-term even as the longer range demand outlook remains robust due to electrification and... 


Prior to being granted powers, Electricity Minister Dr Kgosientsho Ramokgopa did an extensive tour of Eskom's power stations
President transfers limited powers to procure new electricity generation from Mantashe to Ramokgopa
26th May 2023 By: Terence Creamer

Following more than two months of uncertainty and reported Cabinet infighting, President Cyril Ramaphosa has transferred Ministerial powers relating to the procurement of new electricity generation... 


Cleveland-Cliffs gains Minnesota approval for iron-ore leases
26th May 2023 By: Mariaan Webb

The Minnesota executive council has approved the leases for more than 2 600 acres of iron-ore at the Nashwauk mine site, resolving years of uncertainty regarding Hibbing Taconite’s mine life,... 


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Teck appoints Ian Anderson as senior VP and CCO
26th May 2023 By: Schalk Burger

TSX-listed copper, zinc and coal miner Teck has appointed Ian Anderson as senior VP and chief commercial officer (CCO), with effect from May 16, 2023. He succeeds Réal Foley, who will retire in... 


NWR wins A$54m Rio contract
26th May 2023 By: Esmarie Iannucci

Mining major Rio Tinto has awarded ASX-listed NRW Holdings a A$54-million contract at its Western Range mine site in the Pilbara. Under the contract, NRW Holdings subsidiary Primero will be... 


WA pCAM project misses out on A$119m gov funding
26th May 2023 By: Esmarie Iannucci

ASX-listed Poseidon Nickel on Friday reported that negotiations between its partner Pure Battery Technologies (PBT) and the Department of Industry, Science and Resources over a conditional... 


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Recycled PGMs, circular economy, carbon storage make headlines
26th May 2023

Mining Weekly Editor Martin Creamer recycled platinum group metals; the International Council on Mining and Metals'  focus on aluminium, copper, silicon, steel to accelerate the circular economy;... 


Canada's Newrange makes A$11.8m bid for Mithril
26th May 2023 By: Esmarie Iannucci

Canada’s Newrange Gold Corp has entered into a binding scheme of arrangement to acquire ASX-listed Mithril Resources under a reverse takeover offer (RTO). The Canadian explorer is offer 18.08 of... 


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Oakajee SIA gets into gear
26th May 2023 By: Esmarie Iannucci

The Western Australian government on Friday announced that green ammonia and ammonium nitrate producers Kinara Power and Blue Diamond have become the first of six companies to agree to the key... 


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CQ-H2 gets A$117m funding boost
26th May 2023 By: Esmarie Iannucci

The federal and Queensland governments on Friday announced joint funding of some A$117-million for the further development of the Central Queensland Hydrogen (CQ-H2) project at Gladstone. The... 


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Keppel joins up for hydrogen and green ammonia in Qld
26th May 2023 By: Esmarie Iannucci

Singapore’s Keppel Corporation has joined the Central Queensland hydrogen (CQ-H2) project consortium to develop a large-scale green hydrogen project in Australia, and has inked a memorandum of... 


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Magazine round up | 26 May 2023
26th May 2023

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 


Yunus Suleman
Suleman confident in Gold Fields' growth strategy
25th May 2023 By: Marleny Arnoldi

JSE- and NYSE-listed Gold Fields is confident in its growth strategy, with the latest two corporate transactions – both announced this year – demonstrating the company’s commitment to growth, says... 


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Magazine round up | 26 May 2023

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 

EXTENSION RISK: Extending the lifespan of South Africa’s coal-fired power plants is unlikely to attract investment, Standard Chartered warned earlier this month. CEO Kweku Bedu-Addo was quoted by Business Day as saying that investors want to avoid being trapped in stranded assets given the global shift away from fossil fuels. The move would also make it difficult to use sovereign bond sales to fund additional investment in Eskom, given that some arrangements can include so-called use-of-proceeds clauses. Photograph: Bloomberg
EXTENSION RISK

Extending the lifespan of South Africa’s coal-fired power plants is unlikely to attract investment, Standard Chartered warned earlier this month. CEO Kweku Bedu-Addo was quoted by Business Day as... 

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Give mining a new deal and it’ll strike a mighty blow against poverty

There is no doubt that mining, with its multiplicity of forward, backward and lateral linkages, is a poverty buster in waiting. Shadow Mineral Resources Minister James Lorimer MP was spot on when... 

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Action, not distraction

Political and social turbulence has swirled fiercely ever since former Eskom CEO André de Ruyter appeared in that explosive television interview in February, and has intensified with the release of... 

Business Leader

Michael Scherb, founder and CEO of Appian Capital Advisory
Michael Scherb

This week we profile Michael Scherb, founder and CEO of Appian Capital Advisory, a private capital provider to the metals and mining and mining-adjacent sectors 

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CHOPPY WATERS

At the time of writing, there was still no clarity as to whether South African defence equipment or ammunition had been loaded onto the Russian cargo vessel the Lady R, when it docked at the... 

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