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Asia News

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,... 

Russia may change tax for steel raw materials, fertilisers, Nornickel

By: Reuters     16th September 2021 Russia may set a new mineral extraction tax (MET) linked to global prices for the country's producers of iron ore, coking coal and fertilisers, as well as complex ore mined by Nornickel, four sources at companies familiar with talks told Reuters. Moscow has been searching for additional proceeds... 

ERG and NFC China to build special coke plant in Kazakhstan

By: Creamer Media Reporter      16th September 2021 Eurasian Resources Group (ERG) and China Nonferrous Metal Industry’s Foreign Engineering and Construction (NFC China) have signed an engineering, procurement and construction (EPC) contract to build a special coke plant at Shubarkol Komir in Kazakhstan. The new 400 000 t/y plant will produce a... 

Queen’s Virtues coin series now features platinum

By: Marleny Arnoldi     16th September 2021 The Treasury of St Helena and The East India Company have added platinum to its St Helena Queen’s Virtues Series of coins. To provide choice for investors, the companies have included three sizes – 1 oz, 0.5 oz and 0.10 oz – in the 2021 Queen’s Virtues Victory coin range.  

St Helena's platinum Queen's Virtues Victory coin
Treasury of St Helena's platinum Queen's Virtues Victory coin

China calls for better reporting of mineral reserves for energy security

By: Reuters     15th September 2021 China has asked local governments and major oil companies to conduct a thorough survey of their mineral reserves as it seeks to provide more "dynamic" updates on the country's mineral wealth for the sake of its energy and economic security. The Ministry of Natural Resources urged provinces,... 

CATL said to be mystery bidder for Canada's Millennial Lithium

By: Bloomberg     15th September 2021 A bidding war is heating up for Canadian miner Millennial Lithium as Chinese firms compete to secure key elements needed for electric-vehicle batteries. Contemporary Amperex Technology, the world’s largest maker of EV batteries, is the mystery suitor behind a C$377-million offer for... 

South Africa’s junior mining dearth result of unintended consequence – AmaranthCX  

By: Martin Creamer     14th September 2021 South Africa’s junior mining dearth is a result of savings no longer flowing through to primary capital raising and stock exchange listings, as the Jacobs Committee expected them to do. The unintended consequence is that there are no longer small investors for small companies. This has negatively... 

Creamer Media screenshot of AmaranthCX director Paul Miller taken during Zoom interview.
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Bylong rejection upheld by Appeals Court

By: Esmarie Iannucci     14th September 2021 The New South Wales Court of Appeal this week upheld a decision barring South Korean firm Kepco from building its proposed Bylong coal mine. The New South Wales Independent Planning Commission (IPC) in 2019 refused development approval for the proposed 6.5-million tonne a year Bylong coal... 

ChromeSA says imposition of export tax would be high risk  

By: Martin Creamer     14th September 2021 The imposition of a tax on the export of chrome ore would be high risk and the gain from such an intervention would likely be eroded fairly quickly by the high cost of electricity, which is the real problem. Chrome SA’s Alistair McAdam and Paul Anderson of Genesis Analytics highlighted this... 

Creamer Media Screenshot taken of McAdam during zoom interview
ChromeSA representatives Alistair McAdam and Paul Anderson on chrome export tax. Video: Darlene Creamer.

Outlook for metals improves – Moody’s

By: Tasneem Bulbulia     13th September 2021 Credit rating business Moody's Investors Service’s outlook for the global metals and mining industry changed to stable from positive with high prices expected to fade out throughout 2022. In a new report covering iron-ore, steel, coal, aluminium, gold, silver, nickel, copper and zinc, Moody's... 

Surge in electric vehicle sales power lithium prices as shortages loom

By: Reuters     13th September 2021 Lithium prices have jumped to their highest in more than three years thanks to an upsurge in electric vehicle sales, depleting stocks of the battery material in top consumer China. Targets to cut carbon emissions from China to the United States cannot be met without the rechargeable lithium-ion... 

Tianqi Lithium revives plans for Hong Kong listing

By: Reuters     13th September 2021 Tianqi Lithium's board of directors have unanimously approved a proposal to list shares in Hong Kong, the Chinese company said on Monday, reviving plans for a flotation it originally sought to make three years ago. One of the world's top producers of lithium chemicals for electric vehicle (EV)... 

Weekly SA Coal Report

13th September 2021 Further bullish activity in European power and gas markets has seen stronger ARA prices, helping RBCT to hold firm, even as NEWC saw another strong but volatile week. Chinese domestic prices are generally firmer once again, as state inspections over mine safety hold back supplies. Consolidation... 

Image of ASM Logo

OceanaGold’s guidance unchanged despite changes to outlook for NZ mines

By: Mariaan Webb     13th September 2021 Dual-listed OceanaGold on Monday revised the 2021 production guidance for its Macraes and Waihi operations, which were suspended for 15-days in accordance with New Zealand’s Covid-19 restrictions, but said that its consolidated guidance for the year remained unchanged. The group, which also... 

The Macraes mine's production guidance has been revised.
The Macraes mine's production guidance has been revised.

China's Jiangxi Copper to develop Afghanistan copper mine when situation allows

By: Reuters     13th September 2021 China's Jiangxi Copper Co said on Monday that it and the Metallurgical Corp of China (MCC) are monitoring the situation in Afghanistan and will push forward with the Mes Aynak copper mine when they can. The company and MCC took on a 30-year lease for the mine in 2008, which has an estimated... 

An image of scenery in Afghanistan.

Aluminum powers toward $3 000 as supply snarl supercharges rally

By: Bloomberg     13th September 2021 Aluminum powered toward $3 000 a ton amid expectations that supply disruptions are here to stay, while demand keeps rising. The metal notched yet another 13-year high on Monday after rising 15% over the last three weeks. Chinese output is down amid drives to reduce emissions and conserve power,... 

An image of rolls of aluminium.

National collaboration essential to win share of green hydrogen market, say debaters  

By: Martin Creamer     13th September 2021 South Africa’s early mover advantage in green hydrogen would fade and become ineffective over time without a collaborative, collective and holistic national approach that assures the export of green hydrogen over and above its domestic use. That was the strong message that came across in the... 

Screenshot taken by Creamer Media during debate on green hydrogen.
Hydrogen Economy Discussion covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Broadening ESG has provided clear paths to economic benefit – Sibanye-Stillwater  

By: Martin Creamer     10th September 2021 Sustainability is not a function of compliance but rather a strategic imperative to change the role that mining plays in society and in economies, says Sibanye-Stillwater senior vice-president and head of sustainability Loyiso Ndlovu. “We do this by sticking to the knitting in being miners, and... 

Sibanye Investor Day 2021
Sibanye-Stillwater Investor Day covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

World Gold Council members on board for TCFD reporting  

By: Marleny Arnoldi     10th September 2021 The World Gold Council (WGC) has announced that all 33 gold miners it represents globally have committed to reporting their positions and progress on climate-related risks, in line with the Task Force on Climate-Related Financial Disclosures (TCFD). The TCFD recommendations and reporting... 

Angola’s modest oil output goal reveals a truth on global supply

By: Bloomberg     10th September 2021 Want proof of how hard it is for some oil-producing countries to lift supply? Look no further than the west African nation of Angola. State Secretary for Petroleum and Gas Jose Barroso said Thursday that the country aims to keep production above 1.1-million barrels a day in the coming years. 

Bell Equipment to launch self-driving truck in 2022 

By: Irma Venter     10th September 2021 Bell Equipment will launch its first autonomous articulated dump truck (ADT) on the global market next year, says Bell Equipment CEO Leon Goosen. The truck will also be available in South Africa. 

Image of Bell ADT trucks
The Bell ADT

Iron-ore set for second weekly loss on China demand collapse

By: Reuters     10th September 2021 Iron-ore futures in top steel producer China dropped on Friday to head for a second consecutive weekly loss, with the benchmark Dalian price hovering near its lowest in seven months on fears of more steel production curbs. The most-traded January iron-ore on the Dalian Commodity Exchange ended... 

Palladium plunges to 12-month low on automaker-demand concerns

By: Bloomberg     10th September 2021 Spot palladium dropped to the lowest in more than a year, extending a slump in the metal amid concern over demand from automakers and prospects for substitution after a price-run-up earlier this year. Palladium, which reached a record high earlier in May, fell for a fourth straight day to the... 

Woodside signs hydrogen partnership agreement in South Korea

By: Esmarie Iannucci     10th September 2021 Oil and gas major Woodside will be the only foreign direct investor participating in the  establishment of the HyStation company, which aims to construct and operate hydrogen refuelling stations to service public transport bus fleets in South Korea. Woodside will be joining South Korean... 

Palladium plunges to 12-month low on automaker-demand concerns

By: Bloomberg     10th September 2021 Spot palladium dropped to the lowest in more than a year, extending a slump in the metal amid concern over demand from automakers and prospects for substitution after a price-run-up earlier this year. Palladium, which reached a record high earlier in May, fell for a fourth straight day to the... 

An image of a palladium bar

Ganfeng Lithium outbid in battle for M&A target Millennial

By: Reuters     10th September 2021 Ganfeng Lithium's deal to acquire Argentina-focused Millennial Lithium is under threat after Millennial received a rival takeover offer from a battery maker it thinks is superior to its earlier agreement with the Chinese company. Ganfeng, one of the world's biggest producers of lithium chemicals... 

An image of a lithium brine project.

Gold finishes August slightly lower than last, marginal ETF weakness

By: Simone Liedtke     9th September 2021 Despite a small-hours flash crash, gold finished August only slightly lower month-on-month, down 0.6% in dollars, on firmer interest rates and marginal exchange-traded fund (ETF) weakness, the World Gold Council (WGC) reports. This is despite growing Covid-related concerns, particularly in... 

Solar needs to dethrone coal to meet Indonesia goals, study says

By: Bloomberg     9th September 2021 Solar power holds the key to meeting renewable energy targets for Indonesia, but the fast-growing Southeast Asian economy needs significant reforms to steer it away from an over-reliance on coal, according to a report. The sprawling archipelago is targeting for renewables to make up 23% of its... 

Solar needs to dethrone coal to meet Indonesia goals, study says

World nuclear energy use to grow over next 20 years, requiring increased uranium mining

By: Rebecca Campbell     9th September 2021 The World Nuclear Association (WNA) has forecast that worldwide nuclear energy generation capacity will grow by 2.6% a year over the next 20 years. The prediction is contained in the WNA publication The Nuclear Fuel Report: Global Scenarios for Demand and Supply Availability 2021-2040, which was... 

An image of drill rigs exploring for uranium
Uranium mining and production at Katko, in Kazakhstan.

Alrosa commits to collaboration with DRC State miner

By: Marleny Arnoldi     9th September 2021 Russian diamond miner Alrosa has signed a memorandum of understanding (MoU) with Democratic Republic of Congo (DRC) State-owned diamond miner Societé minière de Bakwanga (MIBA) to increase their collaboration. The MoU defines areas of mutual interest and the potential for cooperation in the... 

Plans unfolding to rail manganese more efficiently – ARM 

By: Martin Creamer     9th September 2021 Diversified mining company African Rainbow Minerals (ARM) is looking to upgrading its private rail siding from 60 t to 100 t rail wagons so that it can transport manganese ore to the Port of Saldanha in a much more efficient way. Currently, the private rail siding at the Black Rock mine in the... 

Screenshot of Andre Jourbert of ARM taken during presentation of FY2021 results.
Photo by Creamer Media
ARM Ferrous CE Andre Joubert

Hydrogen uptake to lag for the next decade - consultancy

By: Esmarie Iannucci     9th September 2021 Global hydrogen adoption in new sectors is expected to be modest over the next ten years, global consultancy Partners in Performance said on Thursday. Speaking at the Hydrogen and Mines virtual summit, Australia and New Zealand regional energy transition lead, Peter Mann, said, the uptake of... 

Conservation body calls for global moratorium on deep-sea mining

By: Reuters     9th September 2021 Environment officials and campaigners have called for a global moratorium on deep-sea mining and on issuing new exploration contracts unless marine ecosystems can be effectively protected. Thousands of conservationists, scientists, and diplomats voted in favour of the moratorium late Wednesday at... 

Platinum demand strengthening – WPIC  

By: Martin Creamer     9th September 2021 Platinum demand appears to be strengthening on increased loadings, particularly in China’s strong-selling heavy-duty vehicles, more substitution of palladium by platinum, and greater investor interest, particularly with platinum’s links to the hydrogen economy. That is an overall outlook summary... 

Pic of WpIC research head
Platinum demand strengthening – WPIC

Uranium surges to six-year high as fund buys up physical supply

By: Bloomberg     8th September 2021 Uranium, the commodity used to fuel nuclear power plants, has surged to the highest level since 2015 due in part to a single fund aggressively cornering the physical market. Investment firm Sprott earlier this year launched its Physical Uranium Trust and recently commented on Twitter about how... 

An image of a drum of uranium oxide.

Fuel cell maker says China is an increasingly promising market for hydrogen

By: Marleny Arnoldi     8th September 2021 Hydrogen fuel cell maker Refire sees strong potential for fuel cell electric vehicle (FCEV) growth in China, particularly as the new energy vehicle (NEV) industry will expand under the country’s 2060 carbon neutral directive. According to China Association of Automobile Manufacturers (CAAM)... 

Fuel cell maker says China is an increasingly promising market for hydrogen

Asia eyes Australia blueprint as $100bn oil, gas clean-up looms

By: Reuters     8th September 2021 Australia has passed legislation that could set a precedent for who pays to clean up the fossil fuel industry in Asia, making former owners of oil and gas fields responsible for the costs of dismantling facilities if later owners fail. The new law provides a blueprint for governments tussling... 

Australia and Canada to benefit from green steel revolution - Fitch

By: Esmarie Iannucci     8th September 2021 Australia, Canada and Brazil all stood to benefit from the emergence of a green steel market, researcher Fitch Solutions said. Speaking at the Hydrogen in Mining virtual conference, Fitch Solutions head of commodities analysis, Aurelia Britsch said on Wednesday that not only would low carbon... 

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