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Covid-19 News

Seifsa calls for moratorium on power hikes as Eskom makes case for cost-reflectivity 

By: Terence Creamer     7th December 2020 Steel and Engineering Industries Federation of Southern Africa (Seifsa) used the platform created by ongoing National Energy Regulator of South Africa (Nersa) hearings to call for a moratorium on additional electricity tariff hikes, arguing that further increases would undermine the country’s... 

Glencore, China’s GEM extend strategic cobalt partnership 

By: Martin Creamer     3rd December 2020 Diversified mining and marketing company Glencore has extended its partnership with GEM of China for the supply of cobalt hydroxide by another five years. Both companies have also formally embedded responsible sourcing and sustainability into the contractual relationship. 

Glencore CEO Ivan Glasenberg
Glencore CEO Ivan Glasenberg

Qld invests heavily in jobs, hydrogen and mining

By: Esmarie Iannucci     1st December 2020 The Queensland resources sector has committed to working with the state government to support economic recovery post the Covid-19 pandemic, as the government released its 2020-21 Budget. Treasurer and Minister for Investment Cameron Dick on Tuesday revealed Queensland would be the only state,... 

Minerals and gas potential in NT highlighted

By: Esmarie Iannucci     1st December 2020 The final report from the Territory Economic Reconstruction Commission (TERC) has found that a step change in the level of private investment would be required to fuel economic growth and jobs in the Northern Territory. Both mineral resources and gas have been tapped to play a major part in the... 

INPEX moves away from Fifo

By: Esmarie Iannucci     1st December 2020 Japanese liquefied natural gas (LNG) producer INPEX has reportedly announced plans to halt fly-in, fly out (Fifo) operations in both the Northern Territory and Western Australia, requiring its workforce to move to those states by 2023. INPEX VP of corporate coordination, Bill Towsend, was... 

Aveng may ‘upsize’ R300m recapitalisation should shareholders show appetite 

By: Terence Creamer     30th November 2020 Infrastructure and contract mining group Aveng has expressed confidence that its recently unveiled debt restructure and recapitalisation plan will provide the “reset” required for its two  remaining core businesses, McConnell Dowell and Moolmans, to begin growing again, with the Australasian... 

CEO Sean Flanagan
Photo by Creamer Media's Donna Slater
CEO Sean Flanagan

New chrome mine owner plans to grow in ‘very sustainable manner’ 

By: Martin Creamer     27th November 2020 The new owner of a chrome mine in North West province that was placed on care and maintenance following the Covid-19 lockdown, plans to grow production in a phased, sustainable manner that will ultimately lead to the creation of more than 1 000 jobs, Mining Weekly can today report. The... 

Highly experienced Clover Alloys CEO Philip Kotze
Photo by Creamer Media
Highly experienced Clover Alloys CEO Philip Kotze

Six steps proposed for unlocking larger-scale self-gen projects, amid ongoing government resistance  

By: Terence Creamer     26th November 2020 Six steps could be taken immediately by the South African government and the energy regulator to unlock more self-generation investment by residential, commercial, industrial, mining and agricultural consumers so as to minimise power shortages and reduce the threat of load-shedding, a newly... 

Six steps proposed for unlocking larger-scale self-gen projects, amid ongoing government resistance

Resources Watch  

26th November 2020 Iridium breakthrough a boost for green hydrogen economy, PGMs mining; Chrome producers want ferrochrome solutions that exclude export tax; and, company designs, constructs ventilation and cooling systems for mines 

Resources Watch
Resources Watch

Anglo, Minerals Council gear up to combat gender-based violence

By: Donna Slater     25th November 2020 The mining industry is taking further steps to address gender-based violence (GBV), with diversified miner Anglo American introducing wide-ranging measures to address GBV and harassment across its mines and mining communities in South Africa. In addition, the Minerals Council South Africa... 

Australian midtier miners outperforming market - PwC

By: Esmarie Iannucci     24th November 2020 Australia’s midtier miners have outperformed the market during the Covid-19 pandemic, maintaining consistent revenues and profits, advisory firm PwC has found. In its 'Aussie Mine 2020' report, PwC notes that Australia’s 50 ASX-listed midtier mining companies, with market values of less than... 

Australian midtier miners outperforming market - PwC

Oil and gas continues to drive economy - report

By: Esmarie Iannucci     23rd November 2020 Australia’s oil and gas industry still has a significant role to play in the country’s economic recovery following Covid-19, a new report by advisory firm Ernst & Young (EY) shows. Commissioned by the Australian Petroleum Production and Exploration Association (Appea), the EY report notes that... 

Australia's project pipeline grows despite Covid

By: Esmarie Iannucci     23rd November 2020 The number of resources and energy major development projects has increased by 19% over the last 12 months, new data from the Office of the Chief Economist has shown. There are currently 335 major projects in the development pipeline, with the value of the projects in the pipeline increasing by... 

Australia's project pipeline grows despite Covid

Gold’s big question: Can the bull market outlive a pandemic?

By: Bloomberg     23rd November 2020 Gold’s record-breaking bull market is facing an existential question after this month’s pharmaceutical breakthroughs: what happens to the rally once Covid-19 vaccines start rolling out? Gold is viewed by many as the archetypal haven asset, inevitably driven higher in times of turmoil. By that... 

Gold’s big question: Can the bull market outlive a pandemic?

Upstream transactions in Asia Pacific lagging - WoodMac

19th November 2020 New research by global advisory Wood Mackenzie (WoodMac) has shown that 2020 is likely to be the quietest year for upstream transactions in the Asia Pacific region since the beginning of the 21st century. As of mid-November, only $426-million of assets have changed hands this year, down over... 

Upstream transactions in Asia Pacific lagging - WoodMac

Ramaphosa stresses South Africa’s gateway-to-Africa role as he seeks to reignite investment amid Covid  

By: Terence Creamer     18th November 2020 President Cyril Ramaphosa used the platform of the third South Africa Investment Conference to underline the country’s potential to act a gateway to the African market, as he sought to reignite investor interest in an economy that has been underperforming for more than a decade and has been... 

President Cyril Ramaphosa
Photo by Creamer Media's Donna Slater
President Cyril Ramaphosa

Resources Watch 

18th November 2020 Zambia copper explorer has exclusivity agreement with Anglo American; Platinum-linked green hydrogen economy right for Africa; And, Completion of first phase of Kore Potash’s new starter project expected in May 

Resources Watch
Resources Watch

Anglo’s investment commitment to South Africa up R15bn  

By: Martin Creamer     18th November 2020 Anglo American is on track to exceed its original investment commitment to South Africa, despite Covid-19 impacts, Mining Weekly can report. At this year’s SA Investment Conference, the London- and Johannesburg-listed diamond, platinum group metals and iron-ore mining company increased its total... 

Anglo American CEO Mark Cutifani
Anglo American CEO Mark Cutifani

BHP's Henry urges stability in Australian trade

By: Esmarie Iannucci     18th November 2020 Diversified miner BHP has urged the Australian government to maintain its trade relationships as political tensions with China continue. BHP CEO Mike Henry said tension in international relations was antithetical to the prosperity of Australia, and the world, and was a trend that is in all of... 

BHP CEO Mike Henry
BHP CEO Mike Henry

Platinum investment demand rockets on risk and hydrogen – WPIC

By: Martin Creamer     18th November 2020 Platinum investment demand rocketed 291% in the three months to September 30, World Platinum Investment Council (WPIC) reported on Wednesday, when it forecast a third consecutive annual platinum deficit next year on an initial projected 2021 deficit of 224 000 oz. The high third-quarter (Q3)... 

Paul Wilson
Paul Wilson

Eskom moves to finalise just energy transition framework as shutdown of Grootvlei, Komati and Hendrina draws near 

By: Terence Creamer     17th November 2020 State-owned power utility Eskom expects to complete its socioeconomic impact studies by the end of March for the planned shutdown of the Grootvlei, Komati and Hendrina power stations, in Mpumalanga, which are the first of ten coal plants scheduled for decommissioning by 2040. The decommissioning... 

Eskom moves to finalise just energy transition framework as shutdown of Grootvlei, Komati and Hendrina draws near

Minister blasts gas report

By: Esmarie Iannucci     17th November 2020 Federal Energy and Emissions Minister Angus Taylor has bashed research by the Gattan Institute, which questioned a gas-led economic recovery. The Gattan Institute argued that despite government promises and promotions, the east coast of Australia was faced with ‘inexorably more expensive gas’,... 

Co-O restarts after Covid scare

By: Esmarie Iannucci     16th November 2020 ASX-listed Medusa Mining has maintained its gold production guidance for the full 2021 at between 90 000 oz and 95 000 oz, despite a seven-day suspension of its Co-O gold mine, in the Philippines. The company in late October took the decision to suspend operations at Co-O, and to place the site... 

Australian miners welcome RCEP

By: Esmarie Iannucci     16th November 2020 The Minerals Council of Australia (MCA) has welcomed Australia’s signing of the Regional Comprehensive Economic Partnership (RCEP), saying it would create more trade and investment opportunities for the nation’s minerals industry. Australian Trade Minister Simon Birmingham said RCEP would be the... 

Hydrogen worth billions to Aus

By: Esmarie Iannucci     16th November 2020 Australia’s hydrogen industry could generate some A$11-billion a year in gross domestic product by 2050, and could create some 8 000 new jobs in that timeframe, federal Energy and Emissions Reduction Minister Angus Taylor said on Monday. Speaking at the Australian Hydrogen conference, Taylor... 

Australia's gas-recovery questioned

By: Esmarie Iannucci     16th November 2020 New research by independent researcher Grattan Institute has questioned whether the Australian government’s push for a gas-led recovery from the Covid-19 pandemic was feasible, arguing that gas would become an increasingly expensive energy source. “The Prime Minister has talked up a gas-fired... 

Australia's gas-recovery questioned

Ferrochrome, green hydrogen, potash make headlines  

13th November 2020 Mining Weekly Editor Martin Creamer unpacks the ferrochrome industry committing to solar generation; the green hydrogen economy and its benefits for Africa; and Kore Potash expecting to complete the first phase of its starter project in May.   

Ferrochrome, green hydrogen, potash make headlines
Ferrochrome, green hydrogen, potash make headlines

New report punts 'green' WA

12th November 2020 A new report has found that the Western Australian government could add a further A$16-billion to the state’s economy and deliver an additional 55 000 jobs by creating a more sustainable, or ‘green’, state. The report by the Bankwest Curtin Economic Center suggested that diversifying into more... 

Resources Watch  

12th November 2020 Wits Basin’s shallow gold reefs to be mined as economic environment creates huge tailwind; Clean, green copper of N Cape will be produced at zero cost; And, Gwede Mantashe says exploration is a priority  

Resources Watch
Resources Watch

Sasol pins low-carbon ‘reset’ hopes on gas, renewables and green hydrogen  

By: Terence Creamer     11th November 2020 Energy and chemicals group Sasol, which is coming under increasing pressure to reduce its carbon emissions, reports that climate change is now “front and centre” in its unfolding ‘strategic reset’, which will involve a transition away from coal to gas, renewable energy and green hydrogen. In... 

Sasol CEO Fleetwood Grobler
Photo by Creamer Media's Donna Slater
Sasol CEO Fleetwood Grobler

Gemfields holds mini-auctions to address market demand

By: Donna Slater     11th November 2020 Gemstone miner Gemfields has progressed with the planning of a series of five small and sequential emerald auctions in November and December to address market demand for specific grades, and to supplement its long-standing direct sales programme for the lowest qualities produced by its Kagem mine... 

Shallow Reefs Gold, Orion Minerals, exploration make headlines  

6th November 2020 Mining Weekly Editor Martin Creamer unpacks Shallow Reefs Gold being built to mine the shallow reefs of the Wits Basin; Orion Minerals using zinc credits to mine clean, green copper in the Northern Cape; and Mineral Resources and Energy Minister Gwede Mantashe stating that exploration is a... 

Shallow Reefs Gold, Orion Minerals, exploration make headlines
Shallow Reefs Gold, Orion Minerals, exploration make headlines

Eskom says it needs R23bn more from tariffs in 2021 to remain a going concern  

By: Terence Creamer     5th November 2020 State-owned electricity utility Eskom argued on Thursday that it required additional revenue of R23-billion for the upcoming financial year to remain a going concern and told the National Energy Regulator of South Africa (Nersa) that further tariff increases, beyond the 5.22% already approved for... 

Eskom says it needs R23bn more from tariffs in 2021 to remain a going concern

Mined commodities set to underwhelm in 2021 as stimulus measures end, economies unlock 

By: Simone Liedtke     4th November 2020 Mined commodities are set to underwhelm in 2021 as the boost to commodity prices from stimulus measures and the phased unlocking of economies are short-lived, says Wood Mackenzie (WoodMac) metals research global head Simon Morris and bulk research global head Derryn Maade. Speaking during a... 

Mined commodities set to underwhelm in 2021 as stimulus measures end, economies unlock

Resources Watch  

4th November 2020 Hopes rise as top firms arrive at potential flow-through share model to stimulate mining exploration; Struggling ferrochrome needs chrome export tax as interim measure; And, Profitable circular economy concepts making future potentially bright for coal miners 

Resources Watch
Resources Watch

AngloGold’s free cash soars 290%, dividend payout ratio doubled 

By: Martin Creamer     2nd November 2020 Gold mining company AngloGold Ashanti on Monday delivered a near fivefold increase in free cash flow in the third quarter of 2020, which has resulted in the company’s adjusted net debt falling to its lowest level in almost a decade and supporting the decision to double its dividend payout ratio.... 

AngloGold Ashanti interim CEO Christine Ramon
AngloGold Ashanti interim CEO Christine Ramon

Mining supports Aus economy through Covid

By: Esmarie Iannucci     2nd November 2020 The Covid-19 pandemic has caused Australia’s annual economic activity to fall for the first time since 1990/91, ending 28 years of consecutive economic growth, new data from the Australian Bureau of Statistics (ABS) has found. The Australian economy contracted 0.3% in 2019/20. However, data by... 

Mining supports Aus economy through Covid
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