R/€ = 16.83 Change: 0.11
R/$ = 14.51 Change: 0.10
Au 1767.59 $/oz Change: -26.33
Pt 1059.00 $/oz Change: 30.00

Popular This Month

45% of South African mineworkers now vaccinated 

By: Simone Liedtke     23rd September 2021 The mining industry has vaccinated, or partially vaccinated, 203 007 employees and contractors in South Africa – that is about 45% of the workforce. Of that total, 49% have been now been fully vaccinated against Covid-19. 

Pic of Covid-19 vaccines

Creecy says a climate finance breakthrough is key to COP26 success 

By: Terence Creamer     15th October 2021 South Africa’s Forestry, Fisheries and the Environment Minister Barbara Creecy says a breakthrough is needed at COP26 on the issue of climate finance, warning that the failure of developed countries to honour their $100-billion-a-year commitments has led a breakdown of trust. Addressing a virtual... 

South Africa’s Forestry, Fisheries and the Environment Minister Barbara Creecy
South Africa’s Forestry, Fisheries and the Environment Minister Barbara Creecy

Eskom seeks urgent court order to have 2022/23 tariff application adjudicated by Nersa 

By: Terence Creamer     15th October 2021 State-owned electricity utility Eskom has approached the Gauteng High Court to have the regulator’s recent decision to reject its revenue application for the period 2022/23 to 2024/25 set aside for being “patently irrational and unlawful”. Eskom approached the court this week for a review of the... 

Eskom CFO Calib Cassim, who deposed the  founding affidavit, speaking at a previous Nersa hearing
Photo by Creamer Media Chief Photographer Donna Slater
Eskom CFO Calib Cassim, who deposed the founding affidavit, speaking at a previous Nersa hearing

WGC supports ICMM members' commitment to net-zero emissions

By: Creamer Media Reporter      6th October 2021 World Gold Council (WGC) CFO Terry Heymann says the organisation is encouraged by the commitments made by International Council on Mining and Metals (ICMM) members to achieve net-zero Scope 1 and 2 greenhouse-gas (GHG) emissions by 2050 or sooner. The ICMM on October 5 published a statement... 

Opinion: Combatting climate change with green energy solutions for Africa

15th October 2021 In this opinion article, Standard Bank head of sustainable finance, wholesale clients Greg Fyfe and head of power, wholesale clients Rentia van Tonder write that Africa has no choice but to join the global drive toward limiting greenhouse-gas emissions; however, the continent must facilitate a... 

A photo of Greg Fyfe
Greg Fyfe

Green 175 MW power for Sibanye-Stillwater platinum group metal mines  

By: Martin Creamer     27th September 2021 A total of 174 MW of clean, green renewable power is on the way for Sibanye-Stillwater’s platinum group metal (PGM) mines in South Africa. The total cost of the three project scheme will be in the order of R2.5-billion to R2.8-billion. 

Creamer Media Screenshot of Jevon Martin

South32’s Fraser takes gold mining CEO job

By: Mariaan Webb     26th September 2021 Mike Fraser, outgoing COO of ASX- and JSE-listed South32, has been appointed CEO of London-listed Chaarat – a gold mining company which operates in Armenia and Kyrgyzstan. Fraser’s appointment will take effect on January 17. The incoming CEO comments in a statement he is excited to take... 

An image of Mike Fraser
Mike Fraser will become CEO of Chaarat in January.

A German power plant just ran out of coal in latest energy shock

By: Bloomberg     1st October 2021 The global energy crunch forced a German electricity producer to halt a power plant after it ran out of coal. Steag closed its Bergkamen-A plant in the western part of the country this week due to shortages of hard coal, it said by email. The closure is the first sign that Europe may need to... 

A German power plant  just ran out of coal in latest energy shock

Long-term supply contracts shielding Sibanye-Stillwater from PGMs price swing 

By: Martin Creamer     23rd September 2021 Platinum group metals (PGMs) mining and marketing company Sibanye-Stillwater has emphasised its strong long-term supply contract positions in the face of the current spot price pendulum swinging away from the sky-high price levels of earlier this year. Most of the sales of the Johannesburg- and... 

Creamer Media screeenshot

Glencore is leading transition metals major, says Deutsche Bank Research 

By: Martin Creamer     20th September 2021 Glencore is the leading major mining company when it comes to its portfolio of transition metals, says Deutsche Bank Research. The bank’s research analysts afford Glencore a top 1-to-5 position in copper, cobalt, zinc and nickel – metals they describe as being central to world’s decarbonisation... 

Screenshot of commodity revenue calculation by Morgan Stanley Research
Revenue by commodity calculated by Morgan Stanley Research

Green Sedibelo will use 82% less electricity to take PGMs all the way to end consumer  

By: Martin Creamer     28th September 2021 Platinum group metals (PGMs) producer Sedibelo Platinum Mines is well on its way to becoming the lowest of low-energy PGM energy users and the highest of high on-site beneficiators of metals that are key in the global fight against climate change. Sedibelo’s technology sensation is the remarkable... 

Creamer Media screenshot of Arne Frandsen of Pallinghurst

Giant private mining companies getting away with no obligation to report anything publicly   

By: Martin Creamer     4th October 2021 A globally significant chrome producer operating six chrome mines and employing 7 000 people inside South Africa – with a social labour plan obligation on every mine, with tax and royalty obligations paid to the State – is permitted to operate in this country with no ongoing public disclosure... 

Creamer Media screenshot of Paul Miller taken during Zoom interview on 4 October 2021

Geothermal lithium is greenest, says Sibanye-Stillwater’s Froneman 

By: Martin Creamer     29th September 2021 Geothermal lithium is probably the greenest lithium in the world, says Sibanye-Stillwater CEO Neal Froneman, who told this year’s DigiMine event at his University of the Witwatersrand (Wits) alma mater that his company is looking to potentially extracting geothermal lithium. “It comes from quite... 

Creamer Media screenshot taken during DigiMine online event at Wits University
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Iron-ore’s brutal collapse under $100 flags more trouble ahead 

By: Bloomberg     17th September 2021 Iron-ore sank below $100/t as China’s moves to clean up its heavy-polluting industrial sector spurred a swift and brutal collapse. Prices have more than halved since peaking in May as the world’s biggest steelmaker intensifies production curbs to meet a target for lower volumes this year, and a... 

An image of iron-ore piles.

Marcelo Godoy appointed AngloGold Ashanti chief technology officer

By: Schalk Burger     27th September 2021 Gold miner AngloGold Ashanti has appointed Marcelo Godoy as its chief technology officer, with effect from November 1. Godoy, a mining engineer who holds a master's degree in geostatistics and a PhD in strategic mine planning, joins AngloGold Ashanti from NYSE-listed gold mining company Newmont... 

A photo of Marcelo Godoy, who has been appointed AngloGold Ashanti chief technology officer, with effect from November 1.
Marcelo Godoy will join AngloGold Ashanti as chief technology officer from November 1.

Save SA Smelters responds to ChromeSA’s ‘high-risk’ analysis 

By: Martin Creamer     17th September 2021 The Save SA Smelters movement, which has thrown its full weight behind the decision of the Cabinet to impose an export tax on raw chrome leaving the country, on Friday responded to the analysis of ChromeSA that the imposition of such a tax would be high risk. ChromeSA was formed late last year... 

Picture of protestors holding Save SA Smelters placards
Placard-bearing Save SA Smelters members.

Chip uncertainty causing PGMs price uncertainty – chief investment officer  

By: Martin Creamer     22nd September 2021 The general feeling is that chip capacity will slowly start coming back in the next few months, but only to return the auto industry back to where it was pre-Covid, and not to the post-Covid surge, which resulted in platinum group metals (PGMs) prices going through the roof. If the global auto... 

Creamer Media picture of Bruce Williamson

Bush clearing, shaft rehab under way at West Wits gold revival project  

By: Martin Creamer     16th September 2021 Australia-listed West Wits Mining, which is considering a secondary listing on the JSE, has commenced bush clearing and old shaft rehabilitation west of Johannesburg, as part of its far-reaching revival plans for an area where gold mining took place as recently as 20 years ago. West Wits Mining,... 

West Wits MD Jac van Heerden. Submitted picure.

Nickel output poised for steady growth up to 2030

By: Marleny Arnoldi     17th September 2021 Research agency Fitch Solutions expects nickel mine production to grow strongly between 2021 and 2023, owing to less disruption from Covid-19 and amid a high price environment. The agency believes that output growth in the near term will be particularly driven by Indonesia, provided that it... 

An image of nickel ore being loaded.

Zambia Mines Minister takes aim at Konkola liquidation

By: Reuters     21st September 2021 Zambia's mines minister Paul Kabuswe on Monday criticised the previous administration's push to liquidate Vedanta's Konkola Copper Mines (KCM) unit, which sparked years of wrangling between the company and government. Vedanta and the Zambian government have been in a legal dispute over the mine... 

An image of copper plates being lifted out of a treatment tank at the Nchanga copper mine, operated by KCM.

Exxaro’s Cennergi to decarbonise group’s own coal mines plus mining industry    

By: Martin Creamer     21st September 2021 Cennergi, the wholly owned renewable energy arm of coal mining company Exxaro and South Africa’s second-largest renewable energy company, is being deployed to decarbonise the Johannesburg Stock Exchange-listed company’s own coal mines. In addition, Exxaro, through Cennergi, is in discussion with... 

Screenshot of Exxaro CEO Mxolisi Mgojo

Fortescue makes new appointment as focus shifts

By: Esmarie Iannucci     23rd September 2021 Iron-ore major Fortescue Metals on Thursday announced a number of executive appointments as the company started its transition from a pure play iron-ore producer to a green renewables and resources company. Dino Otranto has been appointed COO of iron-ore at Fortescue, joining the company from... 

South Africa in danger of missing out on commodity boom, Joburg Indaba hears  

By: Martin Creamer     6th October 2021 A much more enabling environment is needed to ensure that South Africa does not miss out on yet another commodity boom, the Joburg Indaba heard on Wednesday. “We know that we’ve missed at least one commodity boom,” Foskor chairperson, Industrial Development Corporation director and founding... 

Creamer Media screenshot of PwC Africa CEO Dion Shango at Joburg Indaba 2021

Nornickel slashes forecast for palladium market deficit

By: Reuters     11th October 2021 Russia's Nornickel, the world's largest producer of palladium, has cut its deficit estimate for the global palladium market this year and next year due to the flagging recovery of the auto sector, a senior executive told Reuters. Global demand for palladium has weakened because automakers, which... 

Pele Green-EDF SA consortium to build 100 MW solar PV plant at Mogalakwena 

By: Schalk Burger     6th October 2021 JSE-listed platinum-group metals (PGMs) miner Anglo American Platinum (Amplats) has selected the Pele Green Energy – EDF Renewables South Africa consortium as the preferred supplier to build a 100 MW solar photovoltaic (PV) plant at its Mogalakwena mine, in Limpopo. Pele Green Energy develops,... 

An image of a solar PV installation

Sibanye-Stillwater moving to radical transparency on public tailings disclosure 

By: Martin Creamer     29th September 2021 Gold, platinum and green metals company Sibanye-Stillwater is moving towards the embrace of radical transparency when it comes to public disclosure on matters relating to tailings facilities against the backdrop of 230 significant tailings failures having taken place globally. Sibanye-Stillwater... 

Creamer Media screenshot
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Iron-ore’s rout keeps rolling as China imposes more steel curbs

By: Bloomberg     20th September 2021 Iron-ore extended its slump below $100 a ton as China stepped up restrictions on industrial activity in some provinces. Prices have collapsed about 60% since a record in May, with futures trading below three figures for the first time in more than a year, as steel production curbs hammer demand.... 

A truck transporting iron-ore.

South Africa will appeal court ruling on black mine ownership

By: Bloomberg     1st October 2021 South Africa’s government will appeal two court rulings that struck down changes to rules requiring mining firms to be at least 26% owned by Black investors in perpetuity and declared it unlawful for payouts to the coronavirus-struck tourism industry to be limited to Black businesses. President... 

Cobalt investments seen shifting from DRC to 'bright spot' Australia

By: Simone Liedtke     23rd September 2021 Although the Democratic Republic of Congo (DRC) will remain the leading producer of cobalt in the coming years, investments are likely to shift to Australia, which is seen as a “bright spot” for miners and offtakers seeking to avoid human rights and environmental risks associated with cobalt... 

South Africa’s exploration investment lowest since democracy began, Joburg Indaba hears  

By: Martin Creamer     7th October 2021 South Africa’s mining industry is at its lowest level of exploration investment since democracy began in 1994, the Joburg Indaba heard on Thursday. “Never have we spent less – and this is a pity because significant promises were made about an exploration plan for the country,” Joburg Indaba... 

Creamer Media screenshot from Joburg Indaba October 2021

Hydro project set to boost green credentials of giant DRC copper complex

By: Marleny Arnoldi     8th October 2021 While Kamoa Copper, in the Democratic Republic of Congo (DRC), is on track to become the second-largest copper mining complex globally, and the biggest in Africa, it is also poised to be among the greenest of copper mines. This is largely on the back of the project being completely powered by... 

Magazine cover image

South32 appoints new COO for Africa and Colombia  

By: Esmarie Iannucci     21st September 2021 Diversified miner South32 on Tuesday announced that COO Mike Fraser, who has accountability for the African and Colombian operations, would leave the company. Current VP of operations at Worsley Alumina, Noel Pillay, will be appointed as COO, alongside Jason Economidis, who will remain COO with... 

Image shows newly appointed COO Noel Pillay
South32 COO Noel Pillay

How Exxaro is advancing from coal into global renewable energy   

By: Martin Creamer     23rd September 2021 It is important to note that the renewable energy focus of coal company Exxaro is not a new focus but a re-focus on a strategy that has been in evidence for more than ten years, says Exxaro Energy MD Roland Tatnall. The Johannesburg Stock Exchange company’s strategy just unveiled has been the... 

Creamer Media screenshot taken during Capital Markets Day in 2021

Fitch revises copper price forecast upwards

By: Tasneem Bulbulia     1st October 2021 Research agency Fitch Solutions Country Risk and Industry Research has revised its copper price forecasts for this year and next to $9 200/t and $8 800/t, respectively, from its previous forecast of $8 700/t and $8 370/t, as prices continue to remain elevated on the back of tight inventories... 

The world needs Simandou iron-ore, Rio Tinto CEO says

By: Reuters     8th October 2021 The world needs Guinea's massive Simandou iron-ore deposit to be developed, Rio Tinto's chief executive said on Thursday, despite uncertainty in Guinea after last month's coup. "There is, of course, a bit of uncertainty about Guinea at this point in time, but fundamentally nothing has changed;... 

Sandfire strikes billion-dollar deal for Spanish copper

By: Esmarie Iannucci     23rd September 2021 Copper miner Sandfire Resources on Thursday announced a A$1.24-billion equity raise to fund the A$2.57-billion purchase of the Matsa mining complex, in Spain. The ASX-listed company has entered into a binding sale and purchase agreement with Trafigura and Mabudala Investment Company to acquire... 

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