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Middle East News

Ramaphosa to deliver keynote address at Mining Indaba

By: Martin Creamer     Updated 29 minutes ago South African President Cyril Ramaphosa has confirmed his attendance at the Mining Indaba taking place in Cape Town next week, from Monday to Thursday. Ramaphosa, accompanied by eight ministers and three deputy ministers, will deliver a keynote address on Tuesday, 7 February. 

155 MW wind farm to be constructed in Mpumalanga by Seriti Green  

By: Martin Creamer     Updated 4 hours ago Work is scheduled to begin soon on the construction of a wind farm in Mpumalanga, South Africa’s electricity heartland. The project, which begins with 155 MW of wind energy and expands to a capacity of 900 MW of renewables and 800 MWh of battery storage, forms part of an agreement that will see... 

Seriti Resources CE Mike Teke.
Seriti Green's wind energy initiative covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Kefi pursues dual listing in Saudi Arabia

By: Marleny Arnoldi     1st February 2023 Aim-listed Kefi Gold and Copper is pursuing a dual listing of its shares in Saudi Arabia. The Saudi Exchange is currently the eleventh-largest stock exchange globally, with 223 listed companies and a market capitalisation of $2.63-trillion.  

Glencore's 2022 cobalt production up, along with oil, nickel, ferrochrome 

By: Martin Creamer     1st February 2023 Mining and marketing company Glencore produced 40% more cobalt last year, along with 16% more oil, 5% more nickel and 1% more ferrochrome. Although coal production of 110-million tonnes was 6.7-million tonnes higher, on a like-for-like basis, overall group coal production fell by 7%, primarily... 

Glencore CEO Gary Nagle.
Glencore CEO Gary Nagle.

Blyvoor Gold secures approval for solar energy project

By: Martin Creamer     31st January 2023 Carletonville’s Blyvoor Gold Mine has announced the approval of the first phase of its solar energy project. Up to 40 MW will be generated near its mining operations on Gauteng’s West Rand, following Eskom’s first phase approval. 

Carletonville’s Blyvoor Gold Mine on Gauteng’s West Rand.
Carletonville’s Blyvoor Gold Mine on Gauteng’s West Rand.

New partnership enabling South African lithium pioneer to go full throttle 

By: Martin Creamer     31st January 2023 Battery metals investment and exploration company Marula Mining, which is delivering its first shipment of lithium ore from its Blesberg lithium and tantalum mine in the Northern Cape, has received a funding boost by clinching of a partnership with Q Global Commodities (QGC). As a majority... 

QGC CEO Quinton van der Burgh (left) and Marula Mining CEO Jason Brewer.
QGC CEO Quinton van der Burgh (left) and Marula Mining CEO Jason Brewer.

Sibanye, Harmony, Gold Fields among miners listed in the 2023 Bloomberg Gender-Equality Index

By: Creamer Media Reporter      31st January 2023 Precious metals miners Sibanye-Stillwater, Harmony Gold and Gold Fields are among the mining firms recognised in this year's Bloomberg Gender-Equality Index. Harmony has been included in the index for the fifth consecutive year. 

South Africa well on way to unlocking incredible base metals potential – Orion 

By: Martin Creamer     31st January 2023 Emerging production hubs in the Northern Cape are opening the way for South Africa to be a producer of future-facing ‘green’ metals to support the global energy transformation and to mitigate against climate change.  The two emerging production hubs are the Prieska Copper-Zinc Mine and the Okiep... 

Dewatering plan at Prieska Copper-Zinc Mine.
Dewatering plan at Prieska Copper-Zinc Mine.

Central bank gold purchases reached a 55-year record high in 2022

By: Marleny Arnoldi     31st January 2023 The World Gold Council (WGC) has revealed in its latest ‘Gold Demand Trends’ report that gold demand increased by 18% year-on-year in 2022, hitting the highest yearly total since 2011 at 4 741 t. WGC senior market analyst Louise Street tells Mining Weekly that demand for gold was propelled by... 

Global oil and gas exploration spend hits record highs

By: Esmarie Iannucci     31st January 2023 New data by advisory firm Wood Mackenzie (WoodMac) has shown that 2022 was the strongest year in more than a decade for global oil and gas exploration, led by major discoveries in Namibia, Brazil and Algeria. WoodMac reported that the sector created at least $33-billion of value and achieved... 

Global oil and gas exploration spend hits record highs

Squeezed mining companies face growth dilemma

By: Reuters     31st January 2023 High costs and the prospect of shrinking earnings have made big miners nervous about expansion, even as shareholders demand investment in response to robust commodity prices, China's reopening and the role of minerals in decarbonising the economy. Although years of cost discipline have repaired... 

Intervention urgent to resolve rail, port problems, says Business Leadership South Africa

By: Martin Creamer     30th January 2023 Urgent intervention is required to resolve the problems of South Africa’s freight rail system and ports, says Business Leadership South Africa (BLSA)CEO Busi Mavuso, who in this week’s BLSA newsletter describes the coal export slump through Richards Bay Coal Terminal (RBCT) as startling. “The... 

Business Leadership South Africa CEO Busi Mavuso.
Photo by Creamer Media
Business Leadership South Africa CEO Busi Mavuso.

Solar saving gold mine $145 000 a month, more renewables on way, says Pan African 

By: Martin Creamer     30th January 2023 The 10 MW solar power plant at Evander is averaging savings of $145 000 a month for the Mpumalanga gold mine, Pan African Resources said on Monday. Construction is scheduled to begin in June on yet another solar facility, this time an 8 MW photovoltaic solar plant at Barberton Mines’ gold... 

Shaft at Evander gold mine.
Shaft at Evander gold mine.

Green hydrogen research given R35m boost 

By: Martin Creamer     27th January 2023 South Africa's North-West University (NWU) is investing around R35-million in strategic funding to advance green hydrogen research over the next five years.   This follows the announcement that Hydrogen South Africa Infrastructure Centre of Competence (HySA CoC) at NWU is collaborating with... 

Hydrogen South Africa solar power installation at NWU to supply renewable power for hydrogen production.
Hydrogen South Africa solar power installation at NWU to supply renewable power for hydrogen production.

Renewable energy, social upset key themes for miners in 2023 – Fitch Solutions 

By: Donna Slater     26th January 2023 Capital expenditure of mining companies is increasingly being aimed at renewable energy projects and associated grid development – a trend that is likely to continue throughout this year, financial risk management, solutions and insights company Fitch Solutions commodities analyst Amelia Haines... 

Solar PV panels
Miners in 2023 to focus on renewable energy expansion, addressing social aspect of ESG

RBCT coal exports fall below 1993 level, being hit very badly by cable theft  

By: Martin Creamer     26th January 2023 The number of tons of coal exported through Richards Bay Coal Terminal (RBCT) in 2022 fell to the lowest level since 1993. A total of 50.35 t was exported from the private-sector-owned RBCT, with the public-sector-owned rail line again being severely hit by copper cable theft currently. (Also... 

Lowest coal exports from Richards Bay Coal Terminal in 30 years.
Richards Bay Coal Terminal media briefing covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Copper-copious Zambia stepping up agricultural prowess, embarking on robust outreach  

By: Martin Creamer     25th January 2023 Mining and agriculture are two key sectors of the Zambian economy that are attracting foreign direct investment, which rose 158% to $8.5-billion in 2022, creating 74 000 jobs. The latest company to announce that it will be developing a new copper mine in Zambia is one linked to Microsoft's Bill... 

Munkotachi Investments MD Christopher Lesa.
Munkotachi Investments MD Christopher Lesa interviewed by Mining Weekly's Martin Creamer.

Independent tailings management body launched to oversee conformance with global standard 

By: Tasneem Bulbulia     25th January 2023 On the eve of the fourth anniversary of the Brumadinho Tailings dam disaster, in Brazil, which resulted in the deaths of 270 people, the United Nations Environment Programme (UNEP), the Church of England Pensions Board – representing the Principles for Responsible Investment (PRI) that... 

The aftermath of the January 2019 Brumadinho tailings dam collapse in Brazil
The aftermath of the January 2019 Brumadinho tailings dam collapse in Brazil

Metals, mining industry execs pessimistic about global growth, CRU study finds

By: Tasneem Bulbulia     24th January 2023 More than half (52%) of global commodities business intelligence company CRU’s clients in the metals and mining industries expect global gross domestic product (GDP) to grow by no more than 1% this year, according to its yearly macroeconomic survey of clients, which polled global clients from the... 

Sasol secures first hydrogen-linked renewable energy supply contract  

By: Martin Creamer     24th January 2023 Chemicals and energy company Sasol has signed a long-term contract for the supply of 69 MW of renewable energy to its Sasolburg site in the Free State – the first of several agreements Sasol intends finalising in the coming months as it secures the renewable energy supply required to produce... 

Sasol energy business executive VP Priscillah Mabelane.
Photo by Creamer Media Chief Photographer Donna Slater
Sasol energy business executive VP Priscillah Mabelane.

Transnet could be major disaster to South African economy, coal commentators warn  

By: Martin Creamer     23rd January 2023 Transnet could be a major disaster to the South African economy if everybody does not get involved, commentator Michael Avery warned in his column in Business Day on Monday on Transnet Freight Rail and South Africa’s lagging coal exports. “We must be sharply focused on Transnet and its... 

Transnet Freight Rail and South Africa’s lagging coal exports.
Transnet Freight Rail and South Africa’s lagging coal exports.

South32 expects further production growth in H2; flags $100m build in working capital  

By: Darren Parker     23rd January 2023 Diversified miner South32 achieved a 12% year-on-year increase in group copper equivalent production for the first half of the 2023 financial year on the back of recent investments in copper and low-carbon aluminium capacity. "Group copper equivalent production increased . . . as we benefitted... 

South32 CEO Graham Kerr
Photo by Bloomberg
South32 CEO Graham Kerr

ERG sees copper rising on high demand, supply worries

By: Reuters     23rd January 2023 Copper prices are set for another rally this year thanks to surging demand, supply concerns and the metal's widespread use in energy transition technologies, Eurasian Resources Group's (ERG) chief executive officer told Reuters. "Whatever the winning technologies for batteries, EVs (electric... 

Gold near eight-month high with recessionary clouds building

By: Bloomberg     20th January 2023 Gold steadied in Asia after jumping to an eight-month high in the previous session amid a darkening economic outlook in the US and Europe. Federal Reserve Vice Chair Lael Brainard, considered a dove, said rates in the US will need to stay high for a period to cool inflation, while European... 

Green hydrogen mine mobility on way in India to platinum applause

By: Martin Creamer     19th January 2023 India has opted for hydrogen fuel-cell heavy-duty mine truck mobility in a green initiative that will have platinum group metals (PGMs) miners applauding. This is because the clean emission-free power will come from proton exchange membrane PEM technology, which is PGM-enabled. 

Anglo American's large nuGen zero emissions haulage solution.
Photo by Creamer Media
Anglo American's large nuGen zero emissions haulage solution.

Transparency-boosting Battery Passport proof-of-concept launched at Davos

By: Donna Slater     18th January 2023 Multistakeholder organisation the Global Battery Alliance (GBA) launched a proof-of-concept for its Battery Passport at the World Economic Forum’s yearly meeting in Davos, Switzerland, on January 18. With the aim of establishing a sustainable battery value chain by 2030, the GBA’s Battery... 

Africa can export its sunshine as hydrogen, prof highlights ahead of big Sun City event  

By: Martin Creamer     18th January 2023 JOHANNESBURG (miningweekly.com) – In the past, geopolitics was such that oil- and gas-rich countries developed faster, but now countries that are able to export their sunshine in the form of hydrogen will be the ones in the pound seats as the world transitions to clean, green energy. 

Hydrogen South Africa Infrastructure Competence Centre director Professor Dmitri Bessarabov.
Hydrogen South Africa's Prof Dmitri Bessarabov interviewed by Mining Weekly's Martin Creamer.

Copper resumes rally on China optimism, low inventories

By: Reuters     18th January 2023  Copper continued its rally on Wednesday, rising to its highest levels since June as speculators bet that low inventories and rising Chinese demand will lift prices. Benchmark copper CMCU3 on the London Metal Exchange was up 1.8% at $9 435 a tonne at 11:47 GMT having reached $9 481. 

Mega miners are hunting for deals after decade on the sidelines

By: Bloomberg     18th January 2023 In the rush of the 2000s commodities boom, the world’s biggest miners earned a reputation as swashbuckling dealmakers, taking on rivals in an onslaught of hostile offers, massive mergers and vicious bidding wars. Then it all fell apart. A series of disastrous transactions meant balance sheets... 

Mega miners are hunting for deals after decade on the sidelines

Measures to contain diamond mine tailings breach complete – Petra 

By: Martin Creamer     17th January 2023 When the eastern wall of a tailings storage facility at the Williamson diamond mine, in Tanzania, was breached on November 7 last year, precautionary measures to contain the tailings material and strengthen the New Alamasi water dam were carried out at the operation which is owned 75% by... 

Williamson diamond mine in Tanzania.
Williamson diamond mine in Tanzania.

Anglo appoints Alison Atkinson as projects, development group director

By: Schalk Burger     17th January 2023 Mining multinational Anglo American has appointed Alison Atkinson projects and development group director and as a member of Anglo's group management committee, with effect from the second quarter of this year. Atkinson currently serves as AWE CEO, which is an arms-length body of the UK... 

Goldman sees 'bullish concoction' for global commodities

By: Bloomberg     17th January 2023 Commodities have the strongest outlook of any asset class in 2023, with a perfect macroeconomic environment and critically low inventories for almost every key raw material, according to the head of commodities research at Goldman Sachs Group Inc. Commodities have the strongest outlook of any... 

Gold prices seen rising towards record highs as rate rises near end

By: Reuters     17th January 2023 Gold prices are expected to rise towards record highs above $2 000 an ounce this year, albeit with a little turbulence, as the United States slows the pace of rate hikes and eventually stops increasing them, according to industry analysts. Spot prices of the precious metal have shot above $1 900... 

China’s reopening should underpin commodity demand acceleration – Barclays 

By: Martin Creamer     13th January 2023 China’s reopening and ‘whatever it takes’ approach to the property sector are tectonic shifts that should underpin an acceleration in commodity demand through 2023, say Barclays Equity Research analysts. 2023 is set to be another strong year for miners, European metals and mining analysts Amos... 

Iron-ore sparkle.
Iron-ore sparkle.

Barrick open to mining ventures with Saudi Arabia - Bristow

By: Bloomberg     13th January 2023 Barrick Gold is open to developing mining assets across the Middle East, Africa and southern Asia with Saudi Arabia, as the oil-rich country looks to improve its access to critical minerals. Barrick, the world’s No. 2 gold producer, operates a copper mine in Saudi Arabia and this week formed two... 

Barrick Gold CEO Mark Bristow sees good prospects for copper and gold in Saudi Arabia.
Barrick Gold CEO Mark Bristow sees good prospects for copper and gold in Saudi Arabia.

Lithium sales from South Africa on track to begin this month, Marula Mining reports  

By: Martin Creamer     12th January 2023 Sales of lithium processed out of stockpiles at the Blesberg project in the Northern Cape are expected to commence this month. “We’re on track for the first delivery of a thousand tons through to the offtake party that we’ve contracted with,” Marula Mining CEO Jason Brewer told Mining Weekly in a... 

Marula Mining CEO Jason Brewer.
Marula Mining CEO Jason Brewer interviewed by Mining Weekly's Martin Creamer.

Barrick Gold expands exploration footprint in Saudi Arabia

By: Creamer Media Reporter      12th January 2023 Canadian mining company Barrick Gold on Wednesday signed new joint venture (JV) agreements with Saudi Arabia’s Ma’aden for two prospective exploration projects comprising the Jabal Sayid South and Umm Ad Damar licence areas. These new prospective JVs significantly expand Barrick’s exploration... 

Copper tops $9 000 as China reopening boosts outlook for demand

By: Bloomberg     11th January 2023 Copper rose above $9 000 a ton for the first time since June, fueled by optimism that China’s reopening will spur demand in the world’s top consumer. The key industrial metal has bounced back following a 14% decline in 2022, when tough coronavirus restrictions hampered the Chinese economy. The... 

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