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Legislative Environment News

Coal miner Exxaro to spell out decarbonisation strategy on Sept 20  

By: Martin Creamer     12th August 2021 The investment by diversified coal, energy and ferrous resources group Exxaro Resources in the renewable energy company Cennergi will further support the company’s decarbonisation strategy, Exxaro CEO Mxolisi Mgojo said when the JSE-listed company reported sterling half-year financial results... 

Exxaro ups interim dividend on higher half-year income inflows

By: Martin Creamer     12th August 2021 Diversified coal, energy and ferrous resources group Exxaro on Thursday announced a substantially higher interim dividend on iron-ore boosted half-year income inflows in the six months to June 30. Headline earnings leapt 105% to R6 804-million on the 180% increase to R4 062-million in... 

Image of a wind farm deveoped by Exxaro's Cennegi.
Photo by Creamer Media
Exxaro's renewable energy business Cennergi helped to lift half-year revenue.

Friendly South African face could quickly attract exploration investment – Bristow 

By: Martin Creamer     11th August 2021 South Africa looks a lot like the global gold mining industry in that it has not encouraged reinvestment in its mining industry’s future, says Barrick Gold president and CE Dr Mark Bristow. "In fact, if anything, South Africa has harvested what it received back in 1994," adds Bristow, a hugely... 

A picture of Mark Bristow, taken from quarterly Barrick presentation on August 9, 2021
Photo by Creamer Media
Barrick president and CE Dr Mark Bristow.

Victoria calls for input on gas restart

By: Esmarie Iannucci     11th August 2021 The Victorian government has called for public input on the restart of the onshore gas industry. The onshore conventional gas restart follows three years of detailed scientific investigations by the Victorian Gas Program, overseen by the independent Stakeholder Advisory Panel chaired by... 

Up to 450 MW for cleaner, greener ferrochrome envisaged  

By: Martin Creamer     10th August 2021 Stainless steel production has recovered to pre-pandemic levels, resulting in robust demand for ferrochrome and chrome ore and better pricing on both, Merafe CEO Zanele Matlala said on Tuesday when the company reported cash-rich results supported by increased production. Improved efficiencies... 

Picture of Merafe CEO taken by Creamer Media
Merafe Resources presentation of results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Barrick meets or beats guidance for 10th successive quarter 

By: Martin Creamer     9th August 2021 For the tenth quarter in a row, Barrick Gold has met or beaten guidance, president and CE Mark Bristow said on Monday when the company presented second-quarter results. On an interim basis, earnings totalled $949-million compared with $757-million, largely on the higher refined gold price of $1... 

Picture of Barrick president and CE  Mark Bristow taken by Bloomberg
Photo by Bloomberg
Barrick president and CE Mark Bristow

Ferrochrome is part of the green revolution – Glencore 

By: Martin Creamer     6th August 2021 Diversified mining and marketing company Glencore views the ferrochrome market as being particularly strong currently. “We've seen very healthy ferrochrome prices and good cash generation in that business,” Glencore CEO Gary Nagle said. 

An image showing wind turbines in Canada
Glencore, which uses wind turbine generated energy in Canada and Australia, is looking to also do so in South Africa.

Peruvian miners open to discussing modifications to tax stability agreements

By: Reuters     6th August 2021 The president of the Peruvian industry chamber representing mining companies in the country said on Thursday the sector is open to discussing revisions to tax stability agreements with the new left-wing government, which is seeking to hike taxes. "In reality, we can always discuss it, even more... 

Glencore top-up lifts planned shareholder returns to $2.8-billion 

By: Martin Creamer     5th August 2021 Diversified mining and marketing company Glencore on Thursday announced additional shareholder returns, comprising a $0.5-billion special cash distribution for payment in September and a $650-million share buyback to be completed by the release of full-year results next year. This overall top-up... 

A picture of Gary Nagle, who has taken over from Ivan Glasenberg as CEO of Glencore.
Glencore CEO Gary Nagle

Foreign miners warn Chile lawmakers fresh royalties would hammer competitiveness

By: Reuters     5th August 2021 Foreign companies operating in world top copper miner Chile on Wednesday asked lawmakers to rewrite a controversial bill that would slap royalties on their sales, warning the fresh taxes could squander their competitiveness and future investment plans. The royalty bill has gained momentum this... 

An image of Lundin Mining's Candelaria processing plant in Chile.
Lundin's Candelaria processing plant

RBPlat CEO Steve Phiri sees PGMs market remaining strong   

By: Martin Creamer     4th August 2021 Royal Bafokeng Platinum (RBPlat) CEO Steve Phiri sees the market for platinum group metals (PGMs) remaining strong for many years to come. In a Zoom interview with Mining Weekly following the JSE-listed PGM mining company’s presentation of outstanding record financial results, Phiri outlined the... 

A picture of the surface operations of the Styldrift mine
Royal Bafokeng Platinum CEO Steve Phiri interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Peru's mining executives anxious as Castillo's left-wing administration begins

By: Reuters     4th August 2021 Peruvian mining executives are worried as they watch the rise of a new left-wing administration led by President Pedro Castillo, who was inaugurated last week following campaign promises of higher industry taxes, despite lacking a concrete framework for the sector yet. Higher taxes are "the main... 

An image of Peru's President Pedro Castillo speaking to supporters.
New Peru President Pedro Castillo

Australia Minister laments EU's CBAM, warns of 'new wave of protectionism'

By: Esmarie Iannucci     4th August 2021 The federal government on Wednesday warned that the European Union’s (EU’s) push to impose a carbon tax on imports would be detrimental to Australia’s export industry. “At a time when liberal democracies are working together to rebuild confidence in the benefits of free and open trade, a new... 

An image of Australian Energy and Emissions Reduction Minister Angus Taylor speaking at an event.
Australian Energy and Emissions Reduction Minister Angus Taylor

Spatial Dimension to design Botswana's new online mining cadastre system

By: Donna Slater     3rd August 2021 Spatial Dimension South Africa, a subsidiary of hardware, software and services technology company Trimble, recently signed a contract to design and implement an online mining cadastre system for the Botswana Ministry of Mineral Resources, Green Technology and Energy Security (MMGE). The... 

Rhodium again top performer in RBPlat’s revenue basket  

By: Martin Creamer     3rd August 2021 Rhodium was once again the top performer in the revenue basket for platinum group metals (PGMs) mining company Royal Bafokeng Platinum (RBPlat), the revenue of which was up 108.1% to R9 584.3-million in the six months to June 30. The average rhodium price for the period increased threefold to $25... 

Taken during presenetation of half year results in August 2021.
Royal Bafokeng Platinum presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

30 MW solar study will be concluded in second quarter of 2022 – RBPlat  

By: Martin Creamer     3rd August 2021 The feasibility study for the construction of the 30 MW modular photovoltaic plant for renewable energy will be concluded in the second quarter of 2022, platinum group metals (PGMs) mining company Royal Bafokeng Platinum (RBPlat) reported on Tuesday when it presented record financial results and... 

Screenshot taken during RBPlat's presentation of half-year results, August 2021
Royal Bafokeng Platinum results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

RBPlat declares R1.5bn dividend on record first-half performance

By: Martin Creamer     3rd August 2021 Platinum group metals (PGM) mining company Royal Bafokeng Platinum (RBPlat) has declared a R1.5 billion interim dividend in addition to the R482.3 million buy-back and redemption of a portion of its convertible bonds on the back of a record performance in the six months to June 30. RBPlat... 

Creamer Media picture of Steve Phiri
Photo by Creamer Media
RBPlat CEO Steve Phiri

Southern Africa part of Germany’s platinum-boosting green hydrogen strategy  

By: Martin Creamer     2nd August 2021 Green hydrogen, which can be generated and then used with the help of Southern Africa’s platinum group metals (PGMs), is a topic that has gained a lot of importance in recent months in the context of limiting global warming and meeting the world’s decarbonisation goals. In Germany, the increased... 

Picture of Dr Jan Olwoch moderating green hydrogen atlas event.
Green Hydrogen Atlas Africa data validation workshop covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Fledgling Peru govt seeks 'new deal' with miners - Minister

By: Reuters     2nd August 2021 Peru will seek "a new deal" with its all-important mining sector by providing incentives for projects with "social profitability" in the world's No. 2 copper producer, new Energy and Mining Minister Ivan Merino told Reuters. In his first interview since becoming Minister on Thursday, he said... 

Anglo working towards collaborative decarbonised energy advance across South Africa  

By: Martin Creamer     30th July 2021 Anglo American, which will have all of its South American operations on renewable energy by the end of next year, is working towards trying to achieve a collaborative multi-company government- and Eskom-linked decarbonised energy advance across South Africa. Speaking to Mining Weekly in a Zoom... 

Mark Cutifani interviewed by Mining Weekly.
Anglo American CEO Mark Cutifani speaks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

How eight entrepreneurs helped shape the South African economy

30th July 2021 In this exploration of eight famous, and not so famous, South African entrepreneurs, economic historian Stefan Schirmer celebrates the dynamism, tenacity and ingenuity of these individuals, while delving into the complexities of building successful enterprises in a society so deeply scarred by... 

How eight entrepreneurs helped shape the South African economy

Anglo on trajectory towards becoming minerals solutions provider  

By: Martin Creamer     29th July 2021 Diversified mining and marketing company Anglo American, which shot the lights out on Thursday with the presentation of an all-time record set of half-year results, is on its way to becoming a minerals solutions provider rather than a digger of holes. The London- and Johannesburg-listed Anglo is... 

Picture for presentation of results July 2021
Anglo American results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

De Beers bounces back to 2019 levels with outstanding performance  

By: Martin Creamer     29th July 2021 Global consumer demand for diamonds continued to recover from the impact of Covid, supported by fiscal stimulus in the US and the roll-out of vaccines, De Beers Group said on Thursday when it was credited with helping Anglo American to achieve an all-time record half-year, a period in which De... 

Picture used with video interview of De Beers CFO
De Beers Group CFO Sarah Kuijlaars interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

World-beating Anglo reports record half-year earnings of $12.1bn 

By: Martin Creamer     29th July 2021 Diversified mining company Anglo American on Thursday reported a record half-year financial performance in its position as the best of the world’s top-five global mining companies. Anglo calculates that its elevated global position is poised to continue, assisted by its superior depth, breadth... 

Picture from Anglo American
Anglo American CEO Mark Cutifani

Computing, food tech among many new PGM opportunity areas ­– Anglo Platinum  

By: Martin Creamer     28th July 2021 The computing world is an opportunity area for platinum group metals (PGMs), along with food technology, alloy development, medical advance, waste control, battery and storage  – and that is on top of the now much-celebrated and pervasive green hydrogen feedstock phenomenon. JSE-listed Anglo... 

Picture of Natascha Viljoen from Creamer Media files.
Anglo American Platinum CEO Natascha Viljoen interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Exuberant Kumba Iron Ore’s stakeholders receive R51bn shared value boost 

By: Martin Creamer     27th July 2021 Anglo American group iron-ore mining company Kumba Iron Ore, which has achieved record half-year earnings with great exuberance, has shared a sky-high first-half R51-billion with its spread of stakeholders that take in the fiscus, local suppliers, nearby communities, employees, shareholders and... 

This picture was provided by Kumba as part of its half-year  results media release.
Kumba Iron Ore CE Themba Mkhwanazi

Anglo Platinum evaluating multiple renewable energy forms  

By: Martin Creamer     26th July 2021 As a result its geographic distribution across South Africa, the Anglo American group is collectively evaluating options to access multiple forms of renewable energy, Anglo American Platinum (Amplats) CEO Natascha Viljoen said on Monday. The JSE-listed company has already completed the design and... 

A side view of the Amplats CEO during the July 2021 results presenetation.
Anglo American Platinum presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

High-flying Anglo Platinum’s stakeholders receive nigh-R40bn boost 

By: Martin Creamer     26th July 2021 The strong operational and financial performance of platinum group metals company Anglo American Platinum in the six months to June 30 translated into nearly R40-billion worth of benefits for stakeholders including the fiscus, local and doorstep suppliers and communities. In light of the impact... 

This picture was taken during the presentation of results on26 July 2021
Photo by Creamer Media
Anglo American Platinum CEO Natascha Viljoen

Metals make climate change mitigation possible – Citi Research 

By: Martin Creamer     23rd July 2021 In a rapid electrification scenario, metals have the ability to bring about the reduction of close to 1 000 gigatonnes (Gt) of global greenhouse gas (GHG) emissions by 2050, Citi Research states in a note that examines the metals industry’s potential contribution to climate change mitigation over... 

A graphic compiled the Citi Research on the fast and moderate way of meeting the Paris climate change accord.
Complying with the Paris agreement on climate change mitigation.

Asia’s diverse, vast resources offer opportunity

By: Nadine Ramdass     23rd July 2021 The Asian mining and natural resources industries are multifaceted and unique to each sub region, and country. The continent’s vast natural resources have not yet been fully optimised. “Asia is the largest continent with extremely diverse geographical sub regions, and countries within those... 

WARREN BEECH
Asia is diverse, with vast natural resources
WARREN BEECH Asia is diverse, with vast natural resources

Extremely strong demand for platinum bar and coin – WPIC  

By: Martin Creamer     22nd July 2021 Extremely strong demand for platinum bar and coin is being seen around the world, particularly in the US, along with growth in demand for platinum exchange traded funds (ETFs), mainly out of North America and Europe,  World Platinum Investment Council (WPIC) head of research Trevor Raymond said... 

Picture of WPIC research head Trevor Raymond
WPIC Research Head Trevor Raymond interviewed by Mining Weekly's Martin Creamer.

Mining boss sees fervor calming with Peru leftist to take office

By: Bloomberg     21st July 2021 Peru’s mining industry is hopeful of avoiding the kind of drastic measures that would stifle investment and future production when Pedro Castillo takes office in the world’s No. 2 copper producer. While the president-elect may have spoken of taking some extreme measures during the campaign, he... 

An image showing buildings on a mine site in Peru.
The Antamina mine, owned by BHP Group and Glencore.

NSW gas plan blasted

By: Esmarie Iannucci     21st July 2021 The Australian Petroleum Production and Exploration Association (Appea) has warned that the New South Wales government’s Future of Gas Statement would effectively lock up most of the state from gas development, costing jobs and the economy. Deputy Premier John Barilaro unveiled the Future of Gas... 

Image shows an LNG production plant

Exploration trailblazer Orion cracks retail investor code with 14 000-plus SA backers  

By: Martin Creamer     21st July 2021 More than 14 000 South Africans now own shares in the discovery and development mining company Orion Minerals, which is reflective of retail investment that can be stimulated in South Africa to support essential local minerals exploration. What is also extremely promising is that the dual listed... 

This is a picture of Errol Smart, CEO of Orion Minerals, who is also chair of Minerals Council junior miner leadership forum.
Orion Minerals CEO Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Anglo increasingly focused on future-enabling decarbonising metals, minerals – Cutifani 

By: Martin Creamer     20th July 2021 The portfolio and growth investments of diversified mining company Anglo American is increasingly focused future-enabling metals and minerals that are critical to decarbonising energy and transport and to meeting consumers' growing needs, from luxury to everyday life. This was stated by Anglo... 

A picture of Anglo American's CEO, Mark Cutifani.
Anglo American CEO Mark Cutifani

Clean, green copper to be produced at Kamoa’s hydropowered DRC operation 

By: Martin Creamer     16th July 2021 Clean, green copper is to be the order of the day at the Kamoa Copper operation in the Democratic Republic of Congo, where the Ivanhoe Mines-Zijin operation has secured clean, renewable hydro-generated electricity. “The upgrade of the Mwadingusha hydropower plant has been very successful. The... 

A picture of the Mwadingusha hydropower plant on the Lufira river in the Democratic Republic of Congo.
The Mwadingusha hydropower plant on the Lufira river.

Ecuador mining sector needs clear regulations to attract investment, industry group says

By: Reuters     16th July 2021 Ecuador needs clear nationwide industry regulations in order to attract foreign investment to its mining sector, the head of the country's industry association said, as community-led local referendums have slowed the development of mineral deposits. Citizen-led ballot measures by environmental... 

Things are very rosy in the world of AfriTin – Anthony Viljoen 

By: Martin Creamer     15th July 2021 At a time of galloping global tin demand, the London Aim-listed mining company AfriTin Mining not only has one of the biggest tin resources in the world at Uis in Namibia, but it has also been lucky enough to stumble upon one of the biggest hard-rock lithium resources on the planet, at a time of... 

An image of Anthony Viljoen, the CEO of AfriTin Mining
AfriTin CEO Anthony Viljoen interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.
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