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Asia News
300-plus vehicle fleets assessed for cleaner, safer mine mobility in five regions – ICMM 
By: Martin Creamer 15th June 2021 As part of the cleaner, safer vehicles initiative of the International Council on Mining and Metals (ICMM), more than 300 vehicle fleets have this year been assessed for cleaner, safer mobility on more than 300 mines in five regions globally, ICMM health, safety and product stewardship director... →
Copper’s supercharged rally creaks on signs of softer demand
By: Bloomberg 15th June 2021 Copper’s stellar rally is starting to creak as investors unwind their bullish bets and evidence of demand weakness mounts in China’s powerhouse manufacturing sector. Prices plunged as much as 4.3% in London, crashing through their 50-day moving average to trade at a seven-week low. Copper hit an... →
South African ferrochrome furnaces need to regain competitive advantage, warns Roskill 
By: Simone Liedtke 15th June 2021 The South African ferrochrome industry has benefitted from recent events in China, which commodity research consultancy Roskill says has removed significant global capacity through the closure of small furnaces. While higher-cost furnaces in southern China have been able to fill the short-term... →
Aus firms up zero-carbon partnership with Japan
By: Esmarie Iannucci 15th June 2021 Australia and Japan have jointly committed to support initiatives to help drive a transition to net zero emissions, Australian Energy and Emissions Reduction Minister Angus Taylor announced this week. “Japan and Australia consider a technology-led response is critical to reducing greenhouse gas... →
Centerra CEO weighs ‘divorce’ with Kyrgyzstan on seized mine
By: Bloomberg 14th June 2021 Centerra Gold could part ways with Kyrgyzstan’s government over its seized flagship mine in the Central Asian nation, but the company’s top executive would like to discuss it first. Relations between Centerra and the Kyrgyz Republic have soured so much since the government took control of Kumtor... →
South African coal supply to fall off coal cliff from 2025 onwards – Jones
By: Martin Creamer 14th June 2021 South African coal supply is set to fall off a coal-cliff from 2025 onwards, African Source Markets CEO Bevan Jones said on Monday. In response to Mining Weekly, Jones cited the three main factors that would cause South African coal supply to plummet as: →
China's Ganfeng to pay $130m for stake in Mali lithium mine
By: Reuters 14th June 2021 Ganfeng Lithium, one of the world's biggest lithium producers, said on Monday it would pay $130-million for a stake in the Goulamina hard-rock mine in Mali and take at least half of its first-phase output. The purchase marks the Chinese firm's first investment in lithium mining in Africa as it... →
White House highlights manganese as potential preferred battery element contender
By: Martin Creamer 14th June 2021 The White House document on revitalising American manufacturing and fostering broad-based economic growth pays particular attention to South Africa as the world’s largest supplier of manganese, and to manganese as a potential preferred battery element contender, Mining Weekly can today report.... →
The White House on building supply chains.
Weekly Coal Index Report
14th June 2021 Prices continue to surge, with Australian coal leading the charge. Physical cargoes are trading at significant premiums to paper levels, as China has sent officials to inspect coal inventories and crack down on illicit hoarding at several ports. →
Platinum jewellery sales continue to record strong rebound
By: Simone Liedtke 11th June 2021 Despite ongoing challenges escalated by the Covid-19 pandemic, platinum jewellery retailers and manufacturers report a sustained recovery across three of four key markets in the latest ‘Platinum Jewellery Business Review (PJBR)’ report for the first quarter of this year. The strong momentum is... →
China's Ganfeng Lithium to sell $630m of shares to fund expansion
By: Reuters 11th June 2021 Ganfeng Lithium, one of the world's top lithium producers, said on Friday it would sell around HK$4.9-billion ($630-million) in new shares to boost capacity and fund potential investments. The Chinese company in March announced an ambitious plan to increase its lithium production capacity... →
Allow geologists from surrounding African countries to boost SA's exploration rebirth, top explorer advises
By: Martin Creamer 11th June 2021 Exploration geologists from surrounding countries should be allowed into South Africa to boost exploration. That is the view of Exploration Geology Consultants exploration manager Thinus Jordaan, who believes that South Africa’s planned exploration thrust should focus on commodities required in... →
Aus, Singapore sign A$30m partnership on hydrogen
By: Esmarie Iannucci 11th June 2021 The Australian government has announced a A$30-million partnership with Singapore to accelerate the deployment of low emissions fuels and technologies, such as clean hydrogen, to reduce emissions in maritime and port operations. Prime Minister Scott Morrison said Australia was driving practical... →
Iron-ore scales over three-week high on China demand, supply risks
By: Reuters 11th June 2021 Iron-ore futures jumped on Friday to their highest in more than three weeks, as a rebound in steel inventory in top producer China suggested that demand for the raw material remained brisk. The most-traded September iron ore on China's Dalian Commodity Exchange rose as much as 4.1% to 1 226 yuan... →
Coal expected to remain dominant source of power in the coming decade - Fitch Solutions
By: Simone Liedtke 10th June 2021 Coal is expected to remain the dominant source of power for most of Southeast Asia and Australia in the coming decade, at least, and Fitch Solutions Country Risk and Industry Research says that will support the mining of coal and coal trade in the region. Coal currently remains the most practical... →
Sandvik expects bigger market for battery-driven mining gear in two to three years
By: Reuters 10th June 2021 Sandvik expects the market for battery-electric underground mining equipment to hit a higher gear in two to three years, as mining companies attempt to lower emissions and cut costs. With an electrification boom looming, Sandvik, whose competitors include Epiroc and Caterpillar, could sell more... →
Investors with $41tr ask G7 to stop subsidising fossil fuels
By: Bloomberg 10th June 2021 A coalition of investors overseeing a combined $41-trillion of assets have called on world leaders to set more ambitious greenhouse-gas emissions targets and end support for fossil fuels. DWS Group, Legal and General Investment Management and Pacific Investment Management Co were among 457... →
China considers imposing price controls on surging coal market
By: Bloomberg 9th June 2021 China is considering imposing a cap on the price of thermal coal as it struggles to contain stubbornly high energy costs ahead of peak demand over the summer. One idea under discussion is to cap the price at which miners sell coal, according to people familiar with the plan, who declined to be... →
Secretive world of diamonds is in the grips of a buying frenzy
By: Bloomberg 9th June 2021 At the latest De Beers diamond auction this week, buyers shopping for the kind of stones used to make an average engagement ring were in for a sticker shock: some prices had ballooned by 10% since the last sale. News of the unusually sharp increases spread swiftly through the community of 80-odd... →
Regenerative coal mining crucial part of just transition to green economy – Bevan Jones
By: Martin Creamer 9th June 2021 A shift to “regenerative mining” of coal reserves is a crucial part of a solution to a greener, cleaner future, said African Source Markets CEO Bevan Jones on Wednesday. Jones, a former commodity trader at Macquarie and Rand Merchant Bank, who cofounded the global coal market in London in the... →
Iron-ore jumps on supply concerns, shrugs off China price watch
By: Reuters 9th June 2021 Iron-ore futures rose on Wednesday, with the Dalian benchmark contract gaining up to 5.4% after a three-day slump, as worries over supply boosted prices of the steelmaking raw material. The most-traded September iron-ore on China's Dalian Commodity Exchange ended daytime trading 4% higher at 1... →
New Moody’s scores to reflect ESG risks
By: Marleny Arnoldi 8th June 2021 Ratings agency Moody’s has published environmental, social and governance (ESG) issuer profile and credit impact scores for various rated issuers in the global metals and mining sector. This follows on the agency’s publication of ESG scores for a range of corporate issuers, utilities and US... →
South Africa accounts for half of ICMM members' mining fatalities
By: Marleny Arnoldi 8th June 2021 A latest safety performance report by the International Council on Mining and Metals (ICMM) finds that South Africa had the highest fatality rate last year, accounting for 50% of all fatalities globally. The country recorded 22 fatalities from 422-million hours worked. →
Indonesian tin miners target the ocean as reserves dwindle on land
By: Reuters 8th June 2021 From the shores of Indonesia's Bangka island, miners like Hendra head out by boat every day to scores of crudely built wooden pontoons dotted off the coast that are equipped to dredge the seabed for lucrative deposits of tin ore. Indonesia is the world's biggest exporter of tin used in... →
Central banks expected to buy the same amount of gold as last year, says WGC
By: Simone Liedtke 8th June 2021 Central banks continue to be positive on gold, with about the same number of central banks expected to buy gold compared with last year, the World Gold Council (WGC) said on June 8. In its the ‘2021 Central Bank Gold Reserves (CBGR)’ survey, the council noted that 21% of central banks intend to... →
Mining firms with higher ESG ratings outperform market – PwC
By: Martin Creamer 8th June 2021 Mining companies with higher environmental, social and governance (ESG) ratings outperformed the broader market during the peak of the Covid-19 crisis, delivering 34% average total shareholder return over the past three years — ten percentage points higher than the general market index, PwC... →
Activities ramping up at Okvaue
By: Esmarie Iannucci 8th June 2021 Crushing activities has started at ASX-listed Emerald Resources’ Okvau gold project, in Cambodia. “The first ore feed and commencement of wet commissioning of the Okvau gold project is a significant milestone for the company and represents the exceptional efforts by our experienced construction... →
Gold ETFs add $3.4bn to supply, reversing three months of net outflows
By: Simone Liedtke 7th June 2021 Global gold exchange-traded funds (ETFs) added 61.3 t, valued at about $3.4-billion, in May, reversing three straight months of net outflows, which the World Gold Council (WGC) says is largely a function of investment demand increasing with the price strength of gold, along with renewed inflation... →
Weekly Coal Index Report
7th June 2021 Short seller Boatman Capital has made news in a full-frontal attack on Thungela Resources’ environmental liabilities. However, when one sees coal miners as transitioning to “regenerative miners”, working with Nature to restore soil and water, while creating jobs for local communities, then one... →
Iron-ore tumbles as optimism around China demand fades
By: Reuters 7th June 2021 Iron-ore prices tumbled on Monday as China's subdued trade data for May and narrowing steel profit margins dampened the market's enthusiasm about demand prospects for the steelmaking ingredient. China, which accounts for more than half of the world's steel output, imported 89.79 million tonnes of... →
Anglo responds to dossier on coal demerging, Thungela shares fall
By: Martin Creamer 6th June 2021 The provision of R6.45-billion on the balance sheet of the demerged Thungela thermal coal company is over and above the regulatory guidance for miners in South Africa, is in accordance with IFRS and audited, and consistent with the provisioning norms within the industry. This was stated to Mining... →
Global copper smelting extends recovery in May
By: Reuters 4th June 2021 Global copper smelting extended its rebound in May, touching fresh highs for the year as operations continued to take advantage of strong prices, data from satellite surveillance of copper plants showed. Activity in China was strong at first, but weakened through the month as smelters undertook... →
Bristow meets PNG's Marape and others as Porgera moves closer to restart
By: Creamer Media Reporter 4th June 2021 The process of reopening the Porgera gold mine under the terms of the binding framework agreement between the government and operator Barrick Niugini Limited (BNL) took a step forward with a discussion between Barrick president and CEO Mark Bristow, Prime Minister James Marape and the various... →
It’s not over for coal yet as global prices surge on hot demand
By: Bloomberg 3rd June 2021 Coal is seeing a dramatic spike in demand just as several major miners are hit with production problems, sparking a surge in prices from China to Europe and the US. Prices for the dirtiest fossil fuel are soaring as sweltering temperatures in North Asia increase air conditioning needs, adding to... →
Fitch Solutions raises nickel price forecast
By: Marleny Arnoldi 2nd June 2021 Research agency Fitch Solutions and Country Risk has revised upward its average nickel price forecast for the year from $15 750/t to $16 500/t. The agency says nickel is enjoying strong demand from stainless steel producers, while a sustained market deficit will support higher prices up to 2025. →
Hot prices pervading commodities market, CRU tells Junior Indaba
By: Martin Creamer 2nd June 2021 Price hotness is pervading the commodities market, CRU senior analyst Clare Hanna said on Tuesday, when she addressed the second and final day of the Junior Indaba. Speaking on ‘what’s hot and what’s not’, Hanna said almost all commodities were at the higher-than-15% level. (Also watch attached... →
2021 to be ‘exceptional year of earnings’ for miners, research agency forecasts
By: Simone Liedtke 2nd June 2021 The 2021 financial year will prove to be an “exceptional year of earnings” for miners, while bringing with it a paradigm shift in terms of mining strategy, says research agency Fitch Solutions and Country Risk. It explains that mining companies are major beneficiaries of the metal price rally... →
Renewables to take lion’s share of energy investment in 2021, but still falling short of net-zero goal
By: Terence Creamer 2nd June 2021 Renewables projects are expected to account for 70% of a record $820-billion in new power generation investment in 2021, as global electricity deployments exceed those of oil and gas for the sixth year in a row. Nevertheless, a new International Energy Agency (IEA) report warns that energy... →
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