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Asia News
Hyphen Hydrogen Energy signs two ammonia offtake MoUs
By: Tasneem Bulbulia Updated 1 hour 3 minutes ago Namibian-registered green hydrogen development company Hyphen Hydrogen Energy has signed nonbinding memorandums of understanding (MoUs) with two major industrial companies for the supply of up to 750 000 t/y of green ammonia. The agreements are with a major chemical company and Approtium, a South... →
155 MW wind farm to be constructed in Mpumalanga by Seriti Green 
By: Martin Creamer Updated 3 hours ago Work is scheduled to begin soon on the construction of a wind farm in Mpumalanga, South Africa’s electricity heartland. The project, which begins with 155 MW of wind energy and expands to a capacity of 900 MW of renewables and 800 MWh of battery storage, forms part of an agreement that will see... →
Sojitz to sell Canadian copper mine stake
By: Reuters Updated 3 hours ago Japanese trading house Sojitz, which on Thursday reported record profit for the nine months to end-December, said it was selling its 12.5% stake in Canada's Gibraltar Mines. Sojitz said it booked a pre-tax loss of 6.3-billion yen ($49-million) in the October-December quarter from the planned... →
Australian regulator to review short-seller report on India's Adani
By: Reuters Updated 7 hours ago Australia's corporate regulator said on Wednesday it will review a short-seller report that has flagged a wide range of concerns about India's Adani Group. Hindenburg Research, a well-known US short-seller, last week accused the group of improper use of offshore tax havens and cited concerns... →
President Jokowi 'confident' Tesla will invest in Indonesia
By: Reuters 1st February 2023 Indonesian President Joko Widodo is confident Tesla will finalise a deal to invest in a production facility in his country, having offered the US car maker incentives ranging from tax breaks to a concession to mine nickel. Southeast Asia's largest economy has been wooing Tesla to invest in... →
Good grade uplifts Harmony’s gold output
By: Martin Creamer 1st February 2023 Despite the ongoing electricity shortages and supply chain disruptions, the total gold production of Harmony Gold has increased quarter-on-quarter, the Johannesburg- and New York-listed company, which will be presenting at next week’s Investing in African Mining Indaba in Cape Town, stated on... →
Glencore's 2022 cobalt production up, along with oil, nickel, ferrochrome
By: Martin Creamer 1st February 2023 Mining and marketing company Glencore produced 40% more cobalt last year, along with 16% more oil, 5% more nickel and 1% more ferrochrome. Although coal production of 110-million tonnes was 6.7-million tonnes higher, on a like-for-like basis, overall group coal production fell by 7%, primarily... →
Blyvoor Gold secures approval for solar energy project
By: Martin Creamer 31st January 2023 Carletonville’s Blyvoor Gold Mine has announced the approval of the first phase of its solar energy project. Up to 40 MW will be generated near its mining operations on Gauteng’s West Rand, following Eskom’s first phase approval. →
New partnership enabling South African lithium pioneer to go full throttle
By: Martin Creamer 31st January 2023 Battery metals investment and exploration company Marula Mining, which is delivering its first shipment of lithium ore from its Blesberg lithium and tantalum mine in the Northern Cape, has received a funding boost by clinching of a partnership with Q Global Commodities (QGC). As a majority... →
Sibanye, Harmony, Gold Fields among miners listed in the 2023 Bloomberg Gender-Equality Index
By: Creamer Media Reporter 31st January 2023 Precious metals miners Sibanye-Stillwater, Harmony Gold and Gold Fields are among the mining firms recognised in this year's Bloomberg Gender-Equality Index. Harmony has been included in the index for the fifth consecutive year. →
South Africa well on way to unlocking incredible base metals potential – Orion
By: Martin Creamer 31st January 2023 Emerging production hubs in the Northern Cape are opening the way for South Africa to be a producer of future-facing ‘green’ metals to support the global energy transformation and to mitigate against climate change. The two emerging production hubs are the Prieska Copper-Zinc Mine and the Okiep... →
Barrick hands over $3m cheque to Balochistan
By: Creamer Media Reporter 31st January 2023 Canada-based Barrick Gold has paid its first $3-million to the Balochistan provincial government as part of a new partnership to develop the Reko Diq mine, in Pakistan. After the signing of definitive agreements and completion of legal processes last month, Barrick and the government of... →
Central bank gold purchases reached a 55-year record high in 2022
By: Marleny Arnoldi 31st January 2023 The World Gold Council (WGC) has revealed in its latest ‘Gold Demand Trends’ report that gold demand increased by 18% year-on-year in 2022, hitting the highest yearly total since 2011 at 4 741 t. WGC senior market analyst Louise Street tells Mining Weekly that demand for gold was propelled by... →
Vedanta is said to scrap plans to sell mega Indian copper smelter
By: Bloomberg 31st January 2023 Vedanta has shelved the plan to sell its copper smelter in the southern Indian state of Tamil Nadu, which accounted for almost 40% of the metal’s production in the country, and has doubled down on its efforts to restart the plant, according to people familiar with the matter. After scrapping the... →
Global oil and gas exploration spend hits record highs
By: Esmarie Iannucci 31st January 2023 New data by advisory firm Wood Mackenzie (WoodMac) has shown that 2022 was the strongest year in more than a decade for global oil and gas exploration, led by major discoveries in Namibia, Brazil and Algeria. WoodMac reported that the sector created at least $33-billion of value and achieved... →
Squeezed mining companies face growth dilemma
By: Reuters 31st January 2023 High costs and the prospect of shrinking earnings have made big miners nervous about expansion, even as shareholders demand investment in response to robust commodity prices, China's reopening and the role of minerals in decarbonising the economy. Although years of cost discipline have repaired... →
Intervention urgent to resolve rail, port problems, says Business Leadership South Africa
By: Martin Creamer 30th January 2023 Urgent intervention is required to resolve the problems of South Africa’s freight rail system and ports, says Business Leadership South Africa (BLSA)CEO Busi Mavuso, who in this week’s BLSA newsletter describes the coal export slump through Richards Bay Coal Terminal (RBCT) as startling. “The... →
Business Leadership South Africa CEO Busi Mavuso.
Lithium's historic rally fuels record profits for China's miners
By: Bloomberg 30th January 2023 China’s big lithium miners are set to reap record earnings after booming demand for the electric vehicle battery material sent prices surging to an all-time high last year. Tianqi Lithium forecasted preliminary net income for 2022 skyrocketed more than tenffold, while rival Ganfeng Lithium Group... →
Indonesia sees record coal exports of more than 500Mt in 2023
By: Reuters 30th January 2023 JAKARTA - Indonesia plans to produce 695 million tonnes of coal this year and sees exports of 518 million tonnes, Energy and Mineral Resources Minister Arifin Tasrif said on Monday, a level that would mean record shipments out of the country. In 2022 Indonesia produced 687-million tonnes of coal... →
Lynas production recovers in Dec quarter
By: Esmarie Iannucci 30th January 2023 Rare earths miner Lynas has seen both production and sales revenue recover in the three months to December, as water supply disruptions which plagued the company in the first quarter of the 2023 financial year were resolved. Total rare earth oxide production increased from the 3 500 t produced... →
Green hydrogen research given R35m boost
By: Martin Creamer 27th January 2023 South Africa's North-West University (NWU) is investing around R35-million in strategic funding to advance green hydrogen research over the next five years. This follows the announcement that Hydrogen South Africa Infrastructure Centre of Competence (HySA CoC) at NWU is collaborating with... →
Deep-South to close $210 000 of a non-brokered private placement
By: Tasneem Bulbulia 27th January 2023 TSX-V-listed Deep-South Resources will close the first tranche in a new non-brokered private placement, for an amount of $210 000. The offering will comprise up to ten-million units for a total of up to $500 000. →
Mongolia calls on Rio Tinto to keep budget for giant copper mine in check
By: Reuters 27th January 2023 Mongolia has asked Rio Tinto, its partner in the huge Oyu Tolgoi copper and gold mine in the Gobi desert, not to further increase its estimated $7.06-billion budget for the project's expansion, its Mining Minister told Reuters. The two partners have only just ended a long-running tussle over the... →
Renewable energy, social upset key themes for miners in 2023 – Fitch Solutions
By: Donna Slater 26th January 2023 Capital expenditure of mining companies is increasingly being aimed at renewable energy projects and associated grid development – a trend that is likely to continue throughout this year, financial risk management, solutions and insights company Fitch Solutions commodities analyst Amelia Haines... →
RBCT coal exports fall below 1993 level, being hit very badly by cable theft
By: Martin Creamer 26th January 2023 The number of tons of coal exported through Richards Bay Coal Terminal (RBCT) in 2022 fell to the lowest level since 1993. A total of 50.35 t was exported from the private-sector-owned RBCT, with the public-sector-owned rail line again being severely hit by copper cable theft currently. (Also... →
US worker shortage denting Freeport-McMoRan's copper output
By: Reuters 26th January 2023 Freeport-McMoRan warned on Wednesday that its struggle to find workers in the United States is limiting the amount of copper it can produce for the green energy transition. The worker shortage reflects the talent crunch facing the broader mining industry, as well as the wider macroeconomic trend... →
PlatAfrica jewellery competition winners visit India
By: Schalk Burger 25th January 2023 The winners of the PlatAfrica jewellery design and manufacturing competition are on an all-expenses-paid trip to India, as part of their prize for winning the competition, to further inspire them by exposing them to international trends and techniques, as well as assisting them with skills... →
Newcrest approves $280m Lihir expansion
By: Mariaan Webb 25th January 2023 Australian miner Newcrest has approved the $280-million expansion of the Lihir mine, in Papua New Guinea, announcing on Wednesday that the board had endorsed the Phase 14A feasibility study. Ore mined from Phase 14A will displace lower grade ore feed to the processing plant, with about... →
Copper-copious Zambia stepping up agricultural prowess, embarking on robust outreach
By: Martin Creamer 25th January 2023 Mining and agriculture are two key sectors of the Zambian economy that are attracting foreign direct investment, which rose 158% to $8.5-billion in 2022, creating 74 000 jobs. The latest company to announce that it will be developing a new copper mine in Zambia is one linked to Microsoft's Bill... →
Independent tailings management body launched to oversee conformance with global standard
By: Tasneem Bulbulia 25th January 2023 On the eve of the fourth anniversary of the Brumadinho Tailings dam disaster, in Brazil, which resulted in the deaths of 270 people, the United Nations Environment Programme (UNEP), the Church of England Pensions Board – representing the Principles for Responsible Investment (PRI) that... →
Newcrest quarterly gold output misses estimates after fatality
By: Reuters 25th January 2023 Australia's Newcrest Mining said on Wednesday gold production fell 2.8% in the second quarter from the first, missing analyst expectations, after operations were suspended at its Brucejack operations in Canada following a fatality. In late October, the gold miner confirmed the death of a worker... →
Metals, mining industry execs pessimistic about global growth, CRU study finds
By: Tasneem Bulbulia 24th January 2023 More than half (52%) of global commodities business intelligence company CRU’s clients in the metals and mining industries expect global gross domestic product (GDP) to grow by no more than 1% this year, according to its yearly macroeconomic survey of clients, which polled global clients from the... →
Freeport Indonesia targets 2023 copper ore output at 1.6bn pounds - CEO
By: Reuters 24th January 2023 Freeport Indonesia's copper output in 2023 is seen at about 1.6-billion pounds (725 748 t), about the same level as last year, company CEO Tony Wenas said on Tuesday. Gold output, estimated at about 1.8-million ounces, rose about 12.5% compared to 1.6 million ounces produced last year, Wenas... →
Sasol secures first hydrogen-linked renewable energy supply contract 
By: Martin Creamer 24th January 2023 Chemicals and energy company Sasol has signed a long-term contract for the supply of 69 MW of renewable energy to its Sasolburg site in the Free State – the first of several agreements Sasol intends finalising in the coming months as it secures the renewable energy supply required to produce... →
Sasol energy business executive VP Priscillah Mabelane.
Transnet could be major disaster to South African economy, coal commentators warn
By: Martin Creamer 23rd January 2023 Transnet could be a major disaster to the South African economy if everybody does not get involved, commentator Michael Avery warned in his column in Business Day on Monday on Transnet Freight Rail and South Africa’s lagging coal exports. “We must be sharply focused on Transnet and its... →
Rising new energy vehicle sales bode well for cobalt demand
By: Darren Parker 23rd January 2023 According to trade association the Cobalt Institute’s quarterly market update for the fourth quarter of 2022, global new energy vehicle (NEV) sales rose by 56% year-on-year to 3.5-million units, with NEV penetration reaching nearly 20% by December. The report, which was prepared with the help of... →
India plans to cut gold import duty to arrest smuggling - sources
By: Reuters 23rd January 2023 India plans to slash the import duty on gold because higher taxes have made it more profitable for smugglers, who can offer hefty discounts and denting the market share of banks and refiners, government and industry officials told Reuters. The duty cut by the world's second-biggest consumer... →
South32 expects further production growth in H2; flags $100m build in working capital
By: Darren Parker 23rd January 2023 Diversified miner South32 achieved a 12% year-on-year increase in group copper equivalent production for the first half of the 2023 financial year on the back of recent investments in copper and low-carbon aluminium capacity. "Group copper equivalent production increased . . . as we benefitted... →
South32 CEO Graham Kerr
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