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Gold in dollar shape
Analysts predict gold to trade at average $2 547/oz in the second half
19th July 2024 By: Marleny Arnoldi

Independent previous metals authority London Bullion Market Association (LBMA) has cited analysts predicting that the gold price will trade even higher in the second half of the year, following a... 


Duncan Wanblad shaking hands with Wits University vice-chancellor Professor Zeblon Vilakazi at the hand over of Anglo’s 47 Main street, Johannesburg building, to Wits Business School (WBS), with Anglo chairperson Nolitha Fakude (left) and  WBS head Prof Maurice Radebe (right).
We’ve delivered strong second-quarter production – Anglo CE
18th July 2024 By: Martin Creamer

Diversified mining company Anglo American on Thursday emphasised its embedding of operational resourcefulness across its asset base and highlighted its second-quarter performance as being strong.... 


Anglo American Platinum CE Craig Miller
Anglo Platinum anticipating 15% to 25% lower half-year earnings
18th July 2024 By: Martin Creamer

The basic earnings and earnings per share of platinum group metals (PGM) mining company Anglo American Platinum for the first six months of this year are anticipated to be between 15% and 25% lower... 


Gold bars
Golden rule: Why younger investors are drawn to gold
18th July 2024 By: Reuters

What asset class do millennials and Gen Z investors both want to own? Here is an answer you may not have guessed: Gold. Among wealthy investors under the age of 43, 45% own gold as a physical... 


Kumba Iron Ore CE Mpumi Zikalala
Kumba Iron Ore expecting half-year earnings to be 24% to 29% lower
18th July 2024 By: Martin Creamer

The basic earnings of iron-ore mining company Kumba for the six months to June 30 are expected to between 24% and 29% lower than for the first six months of last year. The decreased R6 847-million... 


Petra Diamonds CEO Richard Duffy
Petra Diamonds focusing on refinancing $250-million loan notes
17th July 2024 By: Martin Creamer

Having reset its cost base, delivering new life-of-mine (LoM) plans with a smooth capital profile, the focus of Petra Diamonds is very much on refinancing its $250-million loan notes. “We plan to... 


Gold holds at record high as rate cut bets fuel demand rush
Gold holds at record high as rate cut bets fuel demand rush
17th July 2024 By: Bloomberg

Gold hit another record as traders placed stronger bets on Federal Reserve rate cuts this year and weighed an uncertain outlook for US politics. Bullion advanced in Asia hours to touch an all-time... 


Graph showding projected downward path of platinum.
Minerals Council VP spells out platinum production decline expectation to Shanghai
16th July 2024 By: Martin Creamer

Under current market conditions, many platinum mines will close prematurely due to a lack of financial resources – and even without financial constraint, closure of depleting mines will result in... 


Williamson diamond mine at steady state.
Petra expects diamond prices to show modest recovery in 2025
16th July 2024 By: Martin Creamer

With market fundamentals providing pricing support in the medium- and longer-term, London-listed diamond mining and marketing company Petra Diamonds expects diamond prices to show modest recovery... 


Hive Hydrogen GM Colin Loubser
Green ammonia ousting coal in power stations, R105bn hydrogen developer reports
15th July 2024 By: Martin Creamer

Huge demand for green ammonia from power stations is being seen by the developer of South Africa’s R105-billion green hydrogen to green ammonia project in the Eastern Cape. But this new development... 


Maersk tankers and competitors bet billions on ammonia fuel carriers
15th July 2024 By: Bloomberg

Some of the biggest names in shipping are betting billions of dollars on tankers to transport a type of ammonia that’s scarcely being produced today — wagering it will become integral to the... 


Trafigura and Mubadala plan sale of Rio iron-ore port
Trafigura and Mubadala plan sale of Rio iron-ore port
15th July 2024 By: Bloomberg

Trafigura Group and Mubadala Capital are exploring the sale of a Brazilian iron-ore port terminal operator they acquired from former billionaire Eike Batista about a decade ago, according to people... 


Nations gather to negotiate deep sea mining code as opposition mounts
Nations gather to negotiate deep sea mining code as opposition mounts
15th July 2024 By: Reuters

The United Nations' International Seabed Authority (ISA) will meet on Monday to consider new rules allowing firms to extract minerals from the ocean floor, despite mounting concerns about the... 


World Platinum Investment Council CEO Trevor Raymond.
Shanghai Week's platinum futures poised to manage price risk, boost demand
12th July 2024 By: Martin Creamer

Platinum’s appeal is being bolstered by its wide discount to gold, increasing industrial applications, and inclusion on the critical mineral lists of many countries, World Platinum Investment... 


Platinum Group Metals CEO Frank Hallam.
Platinum mine developer working with govt on export of concentrate to Saudi Arabia
12th July 2024 By: Martin Creamer

Toronto- and New York-listed Platinum Group Metals, the near-term objectives of which are to advance the Waterberg project in Limpopo to a development and construction decision, is working with the... 


COMRO’s Legacy author Brian Protheroe (right) interviewed by Mining Weekly's Martin Creamer.
Mining’s dormant gold analyser seen as potential gold optimiser with help of today’s tech
11th July 2024 By: Martin Creamer

For 30 years, 800 people at the now defunct Chamber of Mines Research Organisation (COMRO) devoted intense ongoing effort to research and development to advance mining in general and gold mining in... 


Global reserve managers upbeat on growth but worry about politics
11th July 2024 By: Reuters

An escalation in geopolitical conflicts is the biggest risk to the global economy, according to central bank reserve managers, who are generally positive about the world's economic outlook,... 


Errol Smart and Paul Miller.
South Africa's mineral endowment, public market advantages must be put to work, Utshalo insists
10th July 2024 By: Martin Creamer

With South Africa's mineral endowment and its public capital markets being two of its greatest advantages, both need to be put to work in a manner that is common in other global mining... 


A stockpile of iron-ore
Looming wave of iron-ore supply threatens $100 price floor
10th July 2024 By: Bloomberg

Iron-ore prices are likely to stay in three digits for the rest of 2024, insulated to a large degree from China’s faltering economy by cost support that kicks in at around $100 a ton. But that... 


Gold-backed ETF inflows in Asia reached a record in the first half of this year
9th July 2024 By: Marleny Arnoldi

Global gold exchange-traded funds (ETFs) recorded inflows for two consecutive months to end-June, with Asian buying offsetting outflows in North America. Gold-backed ETFs attracted $1.4-billion of... 


Paul Miller
Collaboration opens way for smaller investors to buy into Northern Cape copper opportunity
9th July 2024 By: Martin Creamer

When South African listed companies raise money locally, they rarely include smaller shareholders. Now, collaboration between Johannesburg- and Sydney-listed Orion Minerals, headed by CEO Errol... 


World Platinum Investment Council CEO Trevor Raymond.
Shanghai Platinum Week highlights unique platinum, palladium futures innovation
9th July 2024 By: Martin Creamer

Platinum and palladium have been spotlighted on day two of Shanghai Platinum Week, where South Africa is well represented by Minerals Council South Africa as well as platinum group metals (PGM)... 


Hydrogenious founder and CEO Dr Daniel Teichmann (left) after receiving a gold medal in the Netherlands for the promotion of platinum-based hydrogen,
Platinum still playing key role in hydrogen carrier’s journey towards competitiveness
8th July 2024 By: Martin Creamer

Thrifted platinum is continuing to play its critical catalytic role in the significant strides that have been made towards making liquid organic hydrogen carrier (LOHC) competitive, SherLOHCk... 


Platinum bars
More than half-million ounces flow into platinum ETFs in two months in UK
5th July 2024 By: Martin Creamer

Over the course of April and May, an inflow of more than half a million ounces of platinum poured into exchange-traded fund (ETF) holdings in the UK, the biggest since South Africa’s ETF initial... 


The proposed Saudi Arabia plant will convert spodumene concentrate from the Wolfsberg mine, in Austria.
European Lithium unveils plans for Saudi Arabia hydroxide plant
4th July 2024 By: Creamer Media Reporter

ASX-listed European Lithium has announced a shareholders agreement with Obeikan Group to construct and commission a large-scale hydroxide processing plant in Saudi Arabia to convert spodumene... 


Platinum-enabled hydrogen fuel cell electric heavy duty vehicles active at Los Angeles port.
Pace of platinum-enabled green hydrogen adoption building up steadily worldwide
4th July 2024 By: Martin Creamer

The pace of platinum group metals- (PGM-) enabled green hydrogen generation and clean PGM-catalysed fuel cell electricity adoption is building up steadily worldwide. In a global online... 


A stack of copper cathode
UAE'S IHC unit withdraws offer for Vedanta's Zambian copper mines over price
4th July 2024 By: Reuters

The UAE's International Resources Holding (IRH) has withdrawn a bid to buy a stake in Vedanta Resources' Zambian copper mines, it said on Wednesday, after talks collapsed because of a failure to... 


Barrick Gold President and CE Dr Mark Bristow, who says Kibali was built on partnerships with its stakeholders.
Renewables component of DRC gold mine’s energy mix to hit 85% next year
3rd July 2024 By: Martin Creamer

The reputation of the large Kibali gold mine, run by Barrick Gold in the Democratic Republic of Congo (DRC), is being significantly enhanced by its far-reaching contribution to the development and... 


African Rainbow Minerals Executive Growth Jacques van der Bijl.
High hopes for potentially game-changing technology at platinum group metal mines
2nd July 2024 By: Martin Creamer

Development of an innovative new mining method for narrow tabular steep dipping orebodies has reached an advanced stage after four years of effort. The reef boring machine that has already been put... 


Pallinghurst Co-Chief Executive and Co-Founder Arne Frandsen.
Investors very positive on South Africa's unity govt, says Pallinghurst's Arne Frandsen
1st July 2024 By: Martin Creamer

Amongst all our investors, there’s a very broad support for South Africa’s government of national unity initiative, says Pallinghurst Co-Chief Executive and Co-Founder Arne Frandsen. “I think it’s... 


Hedge funds are hoarding cobalt amid battery metal slump
Hedge funds are hoarding cobalt amid battery metal slump
1st July 2024 By: Bloomberg

Hedge funds including Anchorage Capital Advisors and Squarepoint Capital have been building positions in cobalt by buying up physical material, as tumbling spot prices and a more liquid futures... 


NextSource considers $280m investment in Saudi Arabia for battery anode plant
NextSource considers $280m investment in Saudi Arabia for battery anode plant
28th June 2024 By: Mariaan Webb

Canada’s NextSource is exploring the establishment of a battery anode facility (BAF) in Saudi Arabia, drawn by the kingdom’s attractive incentives for value-added processing. The proposed facility... 


Minerals Council CEO Mzila Mthenjane (left) and VP Paul Dunne.
South Africa will be well represented at Shanghai Platinum Week, Minerals Council assures
28th June 2024 By: Martin Creamer

South Africa will be well represented at the upcoming Shanghai Platinum Week 2024, which takes place from July 8 to 11, Minerals Council South Africa VP Paul Dunne has highlighted. This major event... 


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