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Iridium News
Amplats expects up to 166% rise in full-year headline earnings
By: Marleny Arnoldi 11th February 2022 JSE-listed Anglo American Platinum (Amplats) expects its headline earnings for the year ended December 31, to be between 146% and 166% higher year-on-year at between R74.8-billion and R80.8-billion. This compares with headline earnings of R30.3-billion reported for 2020. →
Platinum industry expected to take off
By: Claire O'Reilly 11th February 2022 Global platinum investment organisation the World Platinum Investment Council (WPIC) believes that the current state of the platinum group metals (PGMs) industry is, overall, buoyant as PGMs continue to be in demand for a range of industrial, and other, applications. →
Reagents finally ready to break into PGMs market
By: Claire O'Reilly 11th February 2022 Reagents manufacturer and supplier Axis House has identified 2022 as the year to introduce its platinum group metals (PGMs) range of technical reagents – comprising collectors, depressants and frothers – into the Southern African market. →
Profits mimic recycled demand
By: Claire O'Reilly 11th February 2022 Since the emergence of exchange traded funds, platinum has increasingly been used as an investment vehicle. Owing to its value, platinum tends to be recycled quite readily and, because of its rarity and use as a store of value, “there’s no more important precious metal to recycle and refine than... →
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... →
From left, clockwise, Paul O’Flaherty, Dr Tsakani Mthombeni, Hein Reyneke, and Andre de Ruyter
Community protests halt construction at Wesizwe's Bakubung mine
By: Chanel de Bruyn 8th February 2022 Platinum group metals (PGMs) development company Wesizwe Platinum on February 8 informed shareholders that community protests have interrupted the development of its Bakubung mine. It noted that Ledig community members on January 26 embarked on a march towards the Bakubung mine. The marchers... →
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... →
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... →
Renewables come in at less than half of what we’re paying for energy – Anglo
By: Martin Creamer 3rd February 2022 Failure to wholeheartedly embrace the generation of renewable energy is out-and-out business folly. Anglo American and Engie made this perfectly clear on Thursday when they revealed that renewables come in at less than half the price of South Africa’s currently high-priced carbon-intensive power... →
From left, Natascha Viljoen, Jonathan Debasc and Fahmida Smith.
Mpumalanga just transition being investigated by Ubuntu-hearted solar masterminds 
By: Martin Creamer 1st February 2022 An organisation which is providing un-electrified informal settlements with clean, green solar power in the Western Cape – in Ubuntu-hearted fashion – has begun to investigate just energy transition opportunities in Mpumalanga, where South Africa’s coal-mining and coal-fired power is facing... →
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... →
From top left, clockwise, are Abel Sakhau, Martin Preece, Jevon Martin, Nikisi Lesufi and James Mackay.
Speed up solar, wind and storage developments – Easton 
By: Martin Creamer 27th January 2022 A speeded up solar, wind and storage (SWS) approach is needed to advance South Africa’s decarbonised energy situation and take the country into a cleaner, greener future. Also, steps need to be taken to allow the delayed Tubatse pumped storage scheme to go ahead as an independent power producer... →
Anglo increases copper guidance for 2022 as Peru mine comes online
By: Marleny Arnoldi 27th January 2022 Global miner Anglo American says its production for the fourth quarter of 2021 was flat compared with output in the fourth quarter of 2020. CEO Mark Cutifani noted on January 27 that operating levels across the group had been at about 95% of normal capacity throughout 2021 as a result of... →
Hydrogen roadmap targeting societal well-being, North West conference told
By: Martin Creamer 26th January 2022 In terms of high-level outcomes, the vision of South Africa’s Hydrogen Society Roadmap is to create an inclusive, sustainable and competitive hydrogen economy to support net-zero carbon economic growth and societal well-being, Department of Science and Innovation (DSI) chief director hydrogen and... →
Many seeing platinum as hard asset, potential inflation hedge – WPIC
By: Martin Creamer 24th January 2022 There are a lot more people looking at platinum as a hard asset and potential hedge against inflation, World Platinum Investment Council director of research Trevor Raymond said on Monday. Responding to Mining Weekly’s questions on what has been driving the platinum up over the last two weeks,... →
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... →
Hillside Aluminium could get green $0.03c/kWh lifeline by 2030 – Mallinson
By: Martin Creamer 18th January 2022 It’s all about South Africa focusing attention on the generation and storage of its wonderful African sunshine and prime African wind. It’s all about going hammer and tongs for these three letters, SWS, which stand for solar, wind and storage – and eight hours of storage is all we need, which is... →
Potentially game-changing hydrogen fuel cell technology attracts funding
By: Martin Creamer 13th January 2022 Hydrogen fuel cells are increasingly being viewed as an attractive technology to decarbonise large parts of industry, particularly heavy-duty transport. Two key barriers to more widespread adoption of fuel cells are the costs and production scale of fuel cell systems. →
AP Ventures managing partner Andrew Hinkly
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 –... →
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,... →
Exciting green ammonia export plan for Nelson Mandela Bay
By: Martin Creamer 15th December 2021 Hive Hydrogen and Built Africa – together as Hive Hydrogen – as well as Linde plc, through its wholly owned South African subsidiary Afrox, have teamed up to establish a huge green ammonia export plant in Nelson Mandela Bay, in the Eastern Cape. The first phase is planned to go live in 2025, with... →
Sibanye appoints Keliber chairperson as chief regional officer for Europe
By: Creamer Media Reporter 14th December 2021 Precious and battery metals producer Sibanye-Stillwater has appointed Finnish mining company Keliber's executive chairperson Mika Seitovirta as its chief regional officer for Europe. This is in line with the group’s growth strategy in battery and green metals, focused predominantly on the... →
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... →
Just transition energy projects needed now – Shell Foundation
By: Martin Creamer 8th December 2021 Real projects on the ground, that can transition developing countries to renewable solutions justly, are what is needed now, along with the correct use of blended finance to create sustainable entrepreneurship as asset bases are repurposed, a global webinar has heard. Without a just energy... →
Shell Foundation chairperson Gail Klintworth
Specify energy transition action now, the money’s there for it, UN climate envoy urges
By: Martin Creamer 7th December 2021 The energy transition is woefully under specified, the United Nations special envoy on climate change action and finance Mark Carney told a global webinar, in which he described the specifying of energy transition action as being “a matter of urgency”. Such specification, the webinar heard,... →
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... →
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... →
Carbon-neutral nickel launch showcased by South Africa-linked chairperson
By: Martin Creamer 30th November 2021 South Africa-linked Gareth Penny on Monday heralded the launch of a carbon-neutral nickel with a difference in that it steers completely clear of any reliance on third-party carbon credits. Penny did so in his capacity as nonexecutive chairperson of Nornickel of Russia – and put sharper focus on... →
Two rescued, three bodies recovered as mud rush rescue operations conclude
By: Martin Creamer 30th November 2021 Two mineworkers have been rescued and the bodies of three have been recovered at Impala Rustenburg 6 Shaft, which suffered an underground mud-rush incident. Search and rescue operations continued around the clock following the incident took place on Sunday, November 28. →
Search under way at Impala Rustenburg after mud rush traps five
By: Martin Creamer 29th November 2021 A search and rescue operation was under way at Impala Rustenburg after a mud rush at 6 Shaft on Monday. All operations at Impala Rustenburg's 6 Shaft and 16 Shaft complexes have been suspended until a full and comprehensive report is available. →
RBPlat bid embodies socioeconomic boost for greater Rustenburg region – Implats
By: Martin Creamer 29th November 2021 The bid by Impala Platinum Holdings Limited (Implats) for a majority shareholding in Royal Bafokeng Platinum (RBPlat) presents an opportunity to create sizeable Western Limb production base with socioeconomic benefits for the region, platinum group metals (PGM) mining company Implats said on... →
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... →
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. →
Very strong platinum imports into China – WPIC
By: Martin Creamer 24th November 2021 Many things could play out next year that have the potential to materially reduce the substantial platinum surplus that the World Platinum Investment Council (WPIC) is forecasting for next year, Mining Weekly can today report. Among these is the very strong current importation of platinum into... →
Namibia heading for world record green hydrogen costs, conference hears
By: Martin Creamer 22nd November 2021 With its vast potential for wind and solar energy, Namibia is excellently placed to become a global player in green hydrogen production, the Africa Green Hydrogen Forum's virtual conference heard on Monday, when green hydrogen was highlighted as the key decarbonisation vector in the global fight... →
Green hydrogen advocate Forrest slams oil, gas as ‘anathema methane mines’
By: Martin Creamer 17th November 2021 Oil and gas plants are methane mines and opening new ones is an anathema that fails to take the livelihoods of today’s offspring seriously, says Fortescue Metals Group chairperson and green hydrogen protagonist Andrew Forrest. “I argue strongly that opening up a new coal mine, or even a methane... →
Expect to be unemployed from age 40, Miller warns graduates entering mining
By: Martin Creamer 15th November 2021 Because of the collapse of investment in greenfields exploration in South Africa, any mining graduate entering the profession today can expect to be unemployed from the age of 40, said AmaranthCX director and founder Paul Miller on Monday, when he pointed out that South Africa is now at an... →
Ivanhoe appoints CFO; Cloete to focus only on the role of president
By: Creamer Media Reporter 15th November 2021 Canadian mining company Ivanhoe Mines has promoted David van Heerden to CFO, effective November 12. This will allow Marna Cloete to focus on the role of president, instead of the dual roles of president and CFO, which she has held since her appointment in March 2020. →
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