https://www.miningweekly.com
R/€ = 17.10 Change: 0.00
R/$ = 16.76 Change: 0.04
Au 1746.77 $/oz Change: -21.34
Pt 865.50 $/oz Change: -2.00
 

Chrome News

ESG slowing down as energy transition highlights mining as indispensable – RMF  

By: Martin Creamer     2nd March 2022 The energy transition is highlighting mining as an indispensable industry, said Responsible Mining Foundation (RMF) CEO Hélène Piaget in opening a webinar on 'Responsible Mining Index (RMI) Report 2022', which reports a slowdown in economic, environmental, social and governance (ESG). “Yet there... 

2021 was a 'watershed' year for Tharisa, says Pouroulis

By: Tasneem Bulbulia     24th February 2022 Dual-listed Tharisa’s last financial year was a “watershed” year for the company, chairperson Loucas Pouroulis said in a statement delivered at the company's annual general meeting on February 24. During the year under review, Tharisa started production at Salene Chrome Zimbabwe, while completing... 

Merafe's shares rise as it projects higher full-year earnings

By: Creamer Media Reporter      23rd February 2022 Chrome producer Merafe's share price on the JSE rose by more than 15% on February 23 after the company announced it would report higher earnings for the year ended December 31. In a trading statement, Merafe said it expected to report basic earnings a share of between 62.8c and 70.8c and headline... 

Biden announces investments to shore up key critical mineral supplies

By: Mariaan Webb     23rd February 2022 US President Joe Biden on Tuesday announced several investments in the domestic production of key critical minerals and materials, as the country moves to break its dependence on China and secure a ‘Made in America’ supply chain. In a White House statement, Biden announced that MP Materials had... 

An image of the White House

Zimbabwe’s State-owned miner selected to revive steel firm

By: Bloomberg     23rd February 2022 Zimbabwe has selected Kuvimba Mining House, a State-owned company, which has been shrouded in controversy, to revive one of the continent’s largest steel mills. The miner, which already has vast interests in gold and nickel, has been picked as the “investment partner” to breath new life into the... 

Tharisa finalises landmark BBBEE deal

By: Marleny Arnoldi     16th February 2022 Johannesburg- and London-listed platinum group metals and chrome producer Tharisa has acquired the remaining 26% shareholding in Tharisa Minerals, in what is a landmark broad-based black economic empowerment (BBBEE) deal. Tharisa offered 13.9-million new shares, valued at $25-million, in exchange... 

It’s records all round for Glencore in ‘terrific’ 2021  

By: Martin Creamer     15th February 2022 2021 was a terrific year for the company, Glencore CEO Gary Nagle said on Tuesday, when he reported record earnings before interest tax depreciation and amortisation (Ebitda) of $21.3-billion, a record marketing performance Ebit of $3.7-bilion, and a record industrial business performance of... 

Screenshot taken by Creamer Media during Glencore's presentation of results.
Glencore’s record financial results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Glencore’s earnings rocket 84% to $21.3bn

By: Martin Creamer     15th February 2022 Diversified mining and marketing company Glencore on Tuesday announced 84% higher financial results for the year, with earnings before interest tax depreciation and amortisation (Ebitda) rising to $21.3-billion. Looking forward, Glencore CEO Gary Nagle said the company remained focused on its... 

Pictue supplied
Glencore CEO Gary Nagle

Tharisa in talks to buy out minority shareholders in subsidiary

By: Marleny Arnoldi     14th February 2022 London- and Johannesburg-listed chrome and platinum group metals miner Tharisa has informed shareholders that it has entered into negotiations to potentially buy out minority shareholders of Tharisa Minerals. Tharisa currently owns 74% of the subsidiary’s issued ordinary share capital.  

Red tape delaying R90bn investment in ready-to-go projects – Minerals Council 

By: Martin Creamer     14th February 2022 Red tape is delaying investment worth R90-billion in ready-to-go mining-related projects, at a time when the South African economy is in desperate need of such projects proceeding, to create jobs and to stimulate economic growth. Projects worth R30-billion would be able to proceed if the 4... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Green hydrogen strategy supporting development of R270bn Northern Cape pipeline 

By: Martin Creamer     11th February 2022 Over the past year, the South African government has built on its successful hydrogen strategy to make major strides in positioning the country as a global leader in the green hydrogen market, President Cyril Ramaphosa stated during his State of the Nation Address. This positioning included the... 

Supplied picture
President Cyril Ramaphosa

Foreseen renewables demand providing opportunity for job creation, just energy transition 

By: Martin Creamer     10th February 2022 Demand already foreseen is providing South Africa with the far-reaching and very welcome opportunity to create sufficient new jobs – “and then some” – to ensure a just energy transition away from the country’s current climate-threatening carbon intensity, Mining Weekly can report. South Africa’s... 

Screenshot by Creamer Media during Creamer Media webinar
Photo by Creamer Media
From left, clockwise, Paul O’Flaherty, Dr Tsakani Mthombeni, Hein Reyneke, and Andre de Ruyter

Metals, engineering need govt support to ensure sustainable economic recovery

By: Martin Creamer     8th February 2022 South African businesses in the metals and engineering sector have faced enormous challenges over the past few years, with the Covid-19 pandemic compounding an already difficult situation, Steel and Engineering Industries Federation of Southern Africa (Seifsa) said on Tuesday. Seifsa is a... 

Picture supplied
Seifsa CEO Lucio Trentini

New integrated PGMs/chrome plant provides growth platform for Jubilee 

By: Darren Parker     8th February 2022 Aim-listed metal processing company Jubilee Metals is poised for growth following the successful recommissioning of its significantly upgraded and fully integrated new Inyoni platinum group metals (PGM) processing facility, in Gauteng. “The new integrated facility sets a strong foundation for... 

A photo of Jubilee CEO Leon Coetzer
Photo by Creamer Media
Jubilee CEO Leon Coetzer

Directors face potential liability for climate change risks – Webber Wentzel 

By: Martin Creamer     8th February 2022 Directors face potential liability if they fail to carry out their fiduciary duties to curb climate change risks and do not make complete disclosures about climate-related risks, Webber Wentzel partner Merlita Kennedy and associate Tobia Serongoane stated on Tuesday. In a release to Mining... 

Creamer Media montage
Webber Wentzel associate Tobia Serongoane (left) and partner Merlita Kennedy.

Bauba says joint circular on Raubex takeover offer to follow

By: Marleny Arnoldi     7th February 2022 JSE-listed mining and exploration company Bauba Resources has advised that it is in a process of cooperating with fellow-listed Raubex on a joint circular to shareholders, which will provide more information on Raubex’s mandatory takeover offer and Bauba’s response to it. Raubex on February 3... 

Tharisa signs MoU for 40 MW solar plant 

By: Tasneem Bulbulia     4th February 2022 JSE-listed Tharisa has signed a comprehensive memorandum of understanding (MoU) with renewable energy independent power producer Total Eren and African-focused transitional energy company Chariot. The MoU, which is a precursor to the signing of a long-term power purchase agreement for the supply... 

An image of the Tharisa mine, on the western limb of the Bushveld Complex
Tharisa mine

Raubex initiates full takeover of Bauba Resources

By: Marleny Arnoldi     3rd February 2022 JSE-listed construction group Raubex has acquired a further 24.7% shareholding in fellow-listed Bauba Resources at a price of 36c a share. Raubex now owns 51% of the diversified mining and exploration company.  

Glencore enters battery recycling JV, targeting renewable-powered facility 

By: Martin Creamer     3rd February 2022 Diversified mining and marketing company Glencore has entered a battery recycling joint venture (JV) with strategic partner and battery pioneer Britishvolt, a UK battery cell technologies and research and development investor.   

Screenshot
Britannia Refined Metals operation in Northfleet, UK.

Glencore reports 43% higher ferrochrome production  

By: Martin Creamer     2nd February 2022 Diversified mining and marketing company Glencore on Wednesday reported 43% higher ferrochrome production in its full year 2021 production report.   

Picture supplied
Gary Nagle

South Africa needs to embrace Ubuntu principles in going green, webinar hears 

By: Martin Creamer     31st January 2022 In decarbonising and going green, South Africa needs to embrace the principles of Ubuntu and show humanity towards others. That view was expressed by Gold Fields South Africa executive VP Martin Preece during the 'Decarbonisation & Going Green in the Mining Sector' webinar hosted by Creamer Media... 

Screenshot by Creamer Media
Photo by Creamer Media
From top left, clockwise, are Abel Sakhau, Martin Preece, Jevon Martin, Nikisi Lesufi and James Mackay.

Sam Molefi clinches promising contract for his impressive mining business  

By: Martin Creamer     21st January 2022 Modi Mining is a 100% black South African-owned company founded and owned by mining engineer and entrepreneur Samuel Molefi and entrepreneur Christina Motlapele Molefi. The company was established with the sole objective of rendering differentiated contract mining services and to be a supplier of... 

Picture supplied
Modi Mining MD Sam Molefi interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Glencore-Merafe JV building new PGMs production plant at Kroondal 

By: Donna Slater     14th January 2022 JSE-listed ferrochrome producer Merafe Resources reports that it and Glencore Operations South Africa have reached an agreement to contribute to the Glencore-Merafe chrome joint venture (JV) a new platinum group metal (PGM) production plant that is currently being built at the Kroondal mine. The... 

Tharisa to capitalise on record quarter

By: Tasneem Bulbulia     13th January 2022 Metals miner Tharisa achieved its best quarter on record for the quarter ended December 31, which is expected to see the company transform further, with the developments at its flagship asset, namely the integration of the Vulcan fine chrome recovery circuit at the Tharisa Mine, enabling it to... 

Formal launch of South Africa’s first green ammonia project on Tuesday  

By: Martin Creamer     12th January 2022 The formal launch of South Africa’s first green ammonia project takes place on Tuesday, against the background of the initiative having already secured an in-principle offtake agreement from a global player – a clear indication of the world’s ‘go green’ momentum. Hive Energy and BuiltAfrica –... 

Picture supplied by BuiltAfrica
BuiltAfrica chairperson Thulani Gcabashe interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Minerals Council backs State capture commission’s recommendations 

By: Martin Creamer     6th January 2022 Minerals Council South Africa on Thursday endorsed the recommendations of the first report of the Commission of Inquiry into State Capture. The Minerals Council said these recommendations, aimed at preventing endemic and corrosive corruption in organs of the state and within the private sector,... 

Supplied picture
Minerals Council South Africa CEO Roger Baxter

Study confirms viability of KWG's electrification plan within the Ring of Fire

By: Marleny Arnoldi     5th January 2022 An electrical infrastructure capital expenditure report, conducted by OneLine Engineering, has confirmed the positive economics of chromite project operator KWG Resources’ proposed electrification plan within the Ring of Fire, in Ontario. The study determined that electrification of the Marten... 

Ferrochrome price settled at $1.80/lb for the first quarter of 2022

By: Marleny Arnoldi     10th December 2021 JSE-listed Merafe Resource has advised shareholders that the European benchmark ferrochrome price for the first quarter of 2022 has been settled at $1.80/lb, a rollover from the fourth quarter of 2021. Merafe holds a 20.5% interest in the Glencore-Merafe Chrome Venture in which Glencore has a... 

Leading mining companies commit to contract transparency 

By: Martin Creamer     9th December 2021 Members of the International Council on Mining and Metals (ICMM) on Thursday announced their commitment to disclose all mineral development contracts from the start of January this year, wherever they operate, marking a significant step by about a third of the global mining and metals industry to... 

Picture supplied.
ICMM CEO Rohitesh Dhawan

Exploration debate highlights Nema challenge  

By: Martin Creamer     3rd December 2021 The withdrawal of a portion of the National Environmental Management Act (Nema) has created a major challenge for mineral exploration in South Africa, the Industrial Development Corporation (IDC) co-sponsored exploration webinar heard on Thursday. Taking part in the panel discussion under... 

Creamer Media image.
IDC co-sponsored webinar covered by Mining Weekly.

Company boasts substantial supply increase

By: Halima Frost     3rd December 2021 The  average monthly turnover and tonnage throughput of Zambia-based steel product supplier Afrope Zambia has increased sixfold since its acquisition by South African logistics and trading company Inter Trade Africa in 2019. The company has expanded its product offering to the mining consumables... 

A man welding a steel mes screen used in the copper mines as a support underground, at the Afrope manufacturing plant in Zambia
STEELY SPARKS The amount of steel used in products used in mine support systems such as screen mesh Central Africa Copperbelt has increase exponentially

Rising demand for separation compound 

By: Halima Frost     3rd December 2021 Since the partnership between global chemicals producer 2M Holdings and speciality materials company Celanese, established in 2014, demand for its methyl isobutyl carbinol (MIBC) compound, used to separate copper from ore, has grown substantially in the Central Africa region. 2M Holdings South... 

Large plastic containers of methyl isobutyl carbinol (MIBC) compound which is used in the separation or flotation of ores on the African Copperbelt
2M Holdings South Africa MD Denzyl O’Donoghue discusses the use of MIBC as an effective flotation agent in the separation of copper

Minerals Council, SAAFF outline requirements to get Lebombo/Ressano Garcia border congestion resolved

By: Donna Slater     2nd December 2021 With delays at the Lebombo/Ressano Garcia border post on the Maputo corridor between South Africa and Mozambique having cost trucking companies R1.3-billion in lost revenue this year, the South African Association of Freight Forwarders (SAAFF) and the Minerals Council South Africa have requested... 

An image of freight trucks lining up for several kilometres on the N4 towards Komatipoort in South Africa
Photo by Creamer Media's Donna Slater
Freight trucks lining up for several kilometres on the N4 towards the Lebombo/Ressano Garcia border post in South Africa

Use renewables to cut carbon and create hydrogen, use hydrogen to cut diesel – Cutifani   

By: Martin Creamer     2nd December 2021 Use renewables to cut carbon and create hydrogen, and then use the hydrogen that has been created to replace diesel. Anglo American CE Mark Cutifani proposed this climate blueprint while also outlining his London- and Johannesburg-listed mining company’s entry into crop nutrients that can free up... 

Creamer Media screenshot during GlobeScan climate webinar
GlobeScan climate event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Sable to undertake rights issue at R1 a share followed by transaction at R5 a share  

By: Martin Creamer     1st December 2021 The rights issue that Johannesburg Stock Exchange-listed Sable Exploration and Mining is to undertake at R1 a share will be followed by a transaction at R5 a share, giving an immediate fivefold uplift to the shareholders of the company. This follows mining company Magni Investment Holdings... 

Creamer Media picture taken at JSE.
Sable’s James Allan interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer Media

Merafe nonexec director steps down to avoid conflict of interest

By: Marleny Arnoldi     29th November 2021 JSE-listed Merafe Resources has advised that nonexecutive director and remuneration committee member Michael Toman has resigned and will be succeeded by Daniel Green. Toman’s resignation comes as a result of being promoted to a new role within Glencore Ferroalloys, which includes management of... 

Froneman tells world of Sibanye’s confidence in hydrogen economy  

By: Martin Creamer     26th November 2021 Platinum group metals (PGMs) are poised to be a very significant underpin in the green hydrogen economy and Sibanye-Stillwater is intent on ensuring that the supply of PGMs is sustainable and that the company is part of the global climate change solution, Sibanye CEO Neal Froneman told a global... 

Creamer Media screenshot
Sibanye-Stillwater hydrogen presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Law firm creates outsourced compliance solution for mining industry 

By: Martin Creamer     25th November 2021 A specialist mining law firm, which prefers people to paper, has created an outsourced compliance solution for Africa’s mining industry. NSDV will not simply rely on the paper trail when a client calls with an issue, but instead phone, WhatsApp, or drive there and chat to the officials. 

NSDV supplied picture
NSDV director and co-founder Lili Nupen
1 2
3
4 5 6 7 8 9

Latest News

more

Latest Videos

more

Company Announcements

more

 
RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now
Free daily email newsletter Register Now