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Asia News

Junior explorer scores big in Namibian gold belt where mining majors failed  

By: Martin Creamer     2nd June 2022 If you want to raise real risk capital for exploration, you need Canadian-style investors to provide it, the 2022 Junior Indaba heard on Thursday. While it was acknowledged that South Africa has the money, it was also reiterated that the country is just not channeling it into exploration, where... 

Chinese traders find aluminum stocks they financed may not exist

By: Reuters     2nd June 2022 Several Chinese traders are complaining that they were duped into providing loans against artificially inflated aluminum stockpiles, less than a decade after the market was roiled by a similar scandal on a much bigger scale. At least three companies lent a total of more than 500-million yuan... 

Far-reaching JSE reforms highlighted at exploration-focused Junior Indaba 

By: Martin Creamer     1st June 2022 The June 1 launch of the JSE’s new Cutting Red Tape initiative to make listing on the JSE considerably easier, faster and more sustainable is twinning with JSE’s recent private placements inventiveness that provides for the raising of capital in the private market for minerals exploration and the... 

Picture supplied by JSE.
JSE head of origination and deals Sam Mokorosi.

Day of Women in Mining set for June 15 to showcase inclusivity

By: Donna Slater     1st June 2022 Not-for-profit women in mining empowerment organisation International Women in Mining (IWiM) has launched International Day of Women in Mining on June 15 to acknowledge and celebrate past, present and future women in mining. The International Day of Women in Mining is intended to raise awareness... 

Global copper supply to outpace demand next year, says RBC

By: Reuters     1st June 2022 Global copper supply will outpace demand over the next two years, helped by several upcoming large mine projects, RBC Capital Markets analysts said on Wednesday. The brokerage in a note said it expects the industrial metal's price to be at $4.32 per pound in 2022, and then drop to $3.75 in 2023... 

An image of copper cathodes

Sedibelo Platinum to play important part in South Africa’s green hydrogen effort – Frandsen  

By: Martin Creamer     31st May 2022 Sedibelo Platinum Mines, in South Africa’s North West province, will be playing a very important part in South Africa's green hydrogen effort to ensure that it contributes to a greener South Africa, chairperson Arne Frandsen assured Mining Weekly on Tuesday. Frandsen is the managing partner and... 

Creamer Media screenshot
Pallinghurst Group's Arne Frandsen interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Oil powers to sixth monthly gain as EU set to curb Russian flows

By: Bloomberg     31st May 2022 Oil headed for the longest run of monthly gains in more than a decade as European Union (EU) leaders agreed to pursue a partial ban on imports of crude from Russia to increase pressure on Moscow for its invasion of Ukraine. Global benchmark Brent topped $122 a barrel, hitting a two-month high.... 

OM Holdings extends talks with SISB

By: Esmarie Iannucci     31st May 2022 Manganese miner OM Holdings has extended its $120-million offer for the remaining 25% interest in Malaysian operating subsidiaries OM Sarawak and OM Samalaju from the end of May, until June 14. OM Holdings at the start of this month made the offer to Samalaju Industries Sdn Bhd (SISB), and the... 

Transnet increasing rail and port capacity allocation for emerging miners 

By: Martin Creamer     30th May 2022 To reduce barriers to entry, improve the ease of doing business and support transformation of the mining sector, measures are to be implemented to increase rail and port capacity allocation for emerging miners, Transnet announced on Monday. Improving access to loading facilities, and simplifying... 

Picture from Creamer Media files.
Rail capacity allocation for emerging miners to be increased.

Goldman says bull market in battery metals is finished for now

By: Bloomberg     30th May 2022 Goldman Sachs Group said the price of three key battery metals -- cobalt, lithium and nickel -- will drop over the next two years after investors wanting exposure to the green-energy transition piled in too quickly. “Investors are fully aware that battery metals will play a crucial role in the... 

Goldman says bull market in battery metals is finished for now

G7 countries say strict environmental rules needed for deep-sea mining

By: Reuters     30th May 2022 The Group of Seven countries on Friday agreed stringent environmental controls should govern deep-sea mining and that they would consent to such mining projects only if they did not seriously harm the marine environment. "We determined that if there is deep-sea mining at all, it should only... 

Aus ready to meet Korean gas demand - Santos

By: Esmarie Iannucci     27th May 2022 Australia’s gas sector could benefit greatly from Korea’s decarbonising efforts, oil and gas major Santos said. Speaking at the Korean Government Energy Summit, Santos MD and CEO Kevin Gallagher noted that Korea’s proposed measures to cut particle emissions by restricting around one-quarter of... 

Yancoal facing $1.8bn takeover from shareholder

By: Esmarie Iannucci     27th May 2022 ASX-listed Yancoal has gone into a trading halt after its major shareholder Yankuang Energy Group Company announced plans to acquire the remaining 37.7% of the company to the Hong Kong Stock Exchange. Yankuang Energy Group is considering offering Yancoal shareholders convertible bonds worth... 

South Africa must reform its regulatory environment, make itself investor-friendly – simple  

By: Martin Creamer     26th May 2022 South Africa must reform its regulatory environment and make itself investor-friendly – simple. That is the straight-forward view of Dr Mathews Phosa, who was speaking to Mining Weekly in his capacity as the non-executive vice-chairperson of the high-flying Jubilee Metals Group plc, a London Aim-... 

Picture supplied
Jubilee's Dr Mathews Phosa interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

China’s slumping economy to cut coal use even as output swells

By: Bloomberg     26th May 2022 China’s demand for thermal coal is likely to keep falling through the rest of the first half, as virus restrictions continue to mire the economy in a deep slump. Alongside measures to boost output and build stockpiles, that’ll give China a better chance of satisfying peak power demand over the... 

Copper extends losses on fears of a global recession

By: Reuters     26th May 2022 Copper prices fell for a third day in a row on Thursday and tin slumped to a one-week low as a gloomy economic outlook for top metals consumer China fanned concerns about a global recession, though a soft US dollar lent some support. Three-month copper on the London Metal Exchange was down 0.3%... 

Copper extends losses on fears of a global recession

The trouble with lithium

By: Bloomberg     26th May 2022 Elon Musk wants to mine it, China is scouring Tibet for it, battery makers are crying out for it. Lithium, the wonder metal at the heart of the global shift to electric cars, is in a full-blown crisis. Demand has outstripped supply, pushing prices up almost 500% in a year and hindering the... 

Hydrogen can be stored in existing fossil fuel infrastructure for years, world webinar hears  

By: Martin Creamer     26th May 2022 Hydrogen can be stored in existing fossil fuel infrastructure for years if need be, giving it the potential to become a universal energy carrier in the same way as oil is now but without the environmental impact, World Hydrogen Leaders webinar heard this week. Allowing hydrogen to make use of... 

Picture provided.
Hydrogenious LOHC Technologies strategy and implementation head Dr Andreas Lehmann.

Platinum-boosted South African hydrogen electrolyser leaps ahead   

By: Martin Creamer     25th May 2022 The proof-of-concept of the platinum group metals-boosted advanced alkaline electrolyser – the AAE ­– has been successfully completed by Hydrox Holdings of Randburg in a pioneering achievement that offers the potential for South Africa to enter the fray as world demand for hydrogen electrolysers... 

Creamer Media photographer.
Hydrox CEO Corrie de Jager interviewed by Mining Weekly’s Martin Creamer.

Severe global battery shortage likely post 2025, GlobalData forecasts

By: Schalk Burger     25th May 2022 Extraction of raw materials will not meet soaring battery demand unless capital markets change course in the face of environmental, social and governance pressures and invest heavily in new mines, says business data and analytics company GlobalData in its 'Batteries – Thematic Research' report.... 

Hudbay receives favourable court decision for Copper World

By: Creamer Media Reporter      25th May 2022 Dual-listed Hudbay Minerals has received a favourable decision from the US District Court for Arizona relating to its Copper World project. The court ruled in favour of Hudbay on all issues, including that Copper World and Rosemont are not connected under the National Environmental Policy Act... 

Coal India to open big, new mine this year to fight power crisis

By: Reuters     25th May 2022 State-run Coal India will open this year what is expected to become one of the country's biggest coal mines, officials said, as India struggles to keep pace with surging power demand. Output from the new Siarmal mine in eastern Odisha state would rise gradually, reaching capacity of 50-million... 

Glencore settles most bribery, manipulation investigations 

By: Martin Creamer     25th May 2022 Diversified mining and marketing company Glencore on Wednesday announced the settlement of most of its bribery and market manipulation investigations. This follows almost four years of investigations and a serious environmental social and governance (ESG) overhang over the group, 

Picture supplied
Glencore CEO Gary Nagle.

Ferrous metals, coal most exposed to climate risk in metals and mining sector – Fitch  

By: Tasneem Bulbulia     24th May 2022 Thermal coal, blast furnace-basic oxygen furnace (BF-BOF) steelmaking and its raw materials are the segments of the metals and mining sector that are most vulnerable to long-term climate risks owing to their large direct emissions, credit ratings agency Fitch Ratings says. Demand for many... 

China's Huayou Cobalt to invest $300m in Zimbabwe lithium mine

By: Reuters     24th May 2022 China's Zhejiang Huayou Cobalt plans to invest $300-million on rapid development of a lithium mine and processing plant at its newly acquired Arcadia project in Zimbabwe, according to company documents seen by Reuters on Tuesday. Huayou, one of the world's biggest producers of cobalt, recently... 

Kingsgate secures refinery for Chatree ore

By: Esmarie Iannucci     24th May 2022 The restart of the Chatree gold mine, in Thailand, has progressed further, with owner Kingsgate Consolidated announcing the appointment of a refiner to process gold and silver ore produced from the mine. Kingsgate on Tuesday announced that Precious Metal Refining Company (PMR) had been appointed... 

Sevenfold increase in yearly clean hydrogen needed to hit 2050 net-zero target  

By: Martin Creamer     23rd May 2022 Annual production of clean hydrogen would need to increase more than sevenfold for the world to hit net zero in 2050, say the leading founders of McKinsey & Company’s platform for climate technologies, Bernd Heid of Cologne, Martin Linder of Munich, and Mark Patel of San Francisco, who add that... 

AdobeStock solar pic
South Africa's sun and wind can contribute to crucial job creation.

Kazatomprom says its inclusion in privatisation list incorrect

By: Creamer Media Reporter      23rd May 2022 Kazakhstan’s national atomic company Kazatomprom on Monday refuted information regarding the privatisation of some of its assets, including its drilling subsidiary and uranium mining asset. The company was commenting on a draft resolution from the Kazakhstan government posted for public... 

One mine auction draws 3 448 bids amid scramble for lithium

By: Bloomberg     23rd May 2022 An auction for a controlling stake in a Chinese lithium mine has garnered 3 448 bids, underscoring the scramble to secure the battery metal that’s key to the clean-energy transition. The 54.3% stake in Yajiang Snowway Mining Development, which owns the mine in Sichuan, a southwestern province in... 

Platinum jewellery continuing to drive 25% of platinum demand  

By: Martin Creamer     20th May 2022 Several reports published during Platinum Week indicate that in 2021, platinum jewellery consumed anywhere between 1.6-million ounces to two-million ounces of platinum, which makes it still the second demand source after automotive, coming in at around 25% of total platinum demand. Positive... 

Picture supplied.
Platinum Guild International CEO Huw Daniel interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

China's Sinosteel signs $680m iron-ore mine deal with Cameroon

By: Reuters     20th May 2022 Cameroon's government has signed a 420-billion CFA franc ($675.96-million) high-grade iron-ore mining deal with a subsidiary of Sinosteel Corporation Limited, as China seeks new sources of the steel-making ingredient. Sinosteel Cam, the Cameroonian subsidiary of the state-owned Chinese miner,... 

India warns of fuel-supply cuts to utilities if coal imports delayed

By: Reuters     19th May 2022 India's power ministry on Wednesday said it would cut domestic fuel supply to state government-run utilities by 5% if they do not import coal for blending by June 15, as officials struggle to address rising power demand. A heatwave pushed power use to a record high in April, leading to the worst... 

Critical mineral demand of order of magnitude never seen – Sheila Khama  

By: Martin Creamer     19th May 2022 "My genuine sense is that we are going to see a growth in the mining sector of an order of magnitude we haven't seen. I also think that we're going to find that the need for minerals is going to force the world to think that if we can't get minerals on our shore, where else do we get them from? 

Picture supplied
Mining stalwart Sheila Khama spoke to Mining Weekly’s Martin Creamer on critical metals. Video: Darlene Creamer.

China’s metal exports storm higher to fill gap left by war

By: Bloomberg     19th May 2022 China’s exports of metals surged to multi-year highs as demand at home languished and global supplies tightened, with shipments of an aluminum feedstock spiking to plug a shortfall in Russia. Sales of alumina rose to 170 000 t in April, the highest since 2018, according to Chinese customs data... 

Europe gives another lofty boost to green hydrogen, electrolyser targets

By: Martin Creamer     19th May 2022 The European Commission this week took firm steps to again boost green hydrogen production and electrolyser manufacture amid sharply rising consumption targets. The commission’s latest RePowerEU proposals include the raising of its 2030 renewable hydrogen consumption targets for industry to 75%,... 

Picture from archive.
Renewable hydrogen consumption targets elevated.

Manganese mine rail-loading boost being assessed by South32 

By: Martin Creamer     19th May 2022 Diversified mining company South32 is assessing the potential expansion and modernisation of rail loading infrastructure at its Wessels manganese mine in South Africa’s Northern Cape, says South32 CEO Graham Kerr. Kerr, who presented at the Bank of America Global Metals, Mining & Steel Conference... 

Slide screenshot.
Accelerated operational decarbonisation.

Collaboration needed to make South African mining globally competitive again – CSIR 

By: Martin Creamer     18th May 2022 Concern about mineral resource scarcity is widespread and, at the same time, many countries, such as Australia, Canada and China, are investing significantly in strengthening their mining-related research, development and innovation (RDI) capabilities. “This makes cost and differentiation... 

Picture supplied.
CSIR CEO Dr Thulani Dlamini

Caterpillar eyes energy transition as growth driver for mining business

By: Reuters     18th May 2022 Construction equipment maker Caterpillar believes demand for critical minerals as the clean energy transition gathers pace will translate to solid returns for its mining business, CEO Jim Umpleby said in an interview on Tuesday. The company is aiming at a global market worth about $5-trillion for... 

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