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Middle East News

'Deeds, not words': mining firms reshape boardrooms as investors demand sustainability

By: Reuters     Updated 2 hours 31 minutes ago Under fire after a string of high-profile disasters, mining firms are shaking up their boardrooms in response to criticism that they are failing to meet their own environmental, social, and governance standards. Shareholders are demanding change from an industry whose reputation has been... 

Weekly Coal Index Report

12th April 2021 As Anglo Coal forges ahead with listing Thungela Resources, Exxaro has sold its central block operations (Forzando, Dorstfontein) to Overlooked Coal. However, the mining houses are holding onto their coal export allocation, indicating that coal trading and marketing remains a key advantage for... 

Weekly Coal Index Report

Coal output poised for growth this year after 2% fall in 2020 

By: Marleny Arnoldi     8th April 2021 Research agency GlobalData expects global coal output to have declined by 2% in 2020 owing to Covid-19-related lockdowns and restrictions. Notably, significant reductions have been observed in the US at 23.6%, Indonesia at 13.1%, Russia at 8.1% and Australia at 5.5%.  

Anglo American to demerge South African thermal coal assets 

By: Martin Creamer     8th April 2021 Diversified mining and marketing company Anglo American is to demerge its South Africa thermal coal operations, the company said on Thursday. The demerger is subject to the approval of Anglo’s shareholders on May 5. Anglo American Coal South Africa CEO and World Coal Association chairperson July... 

Anglo American to demerge South African thermal coal assets
Anglo thermal coal head July Ndlovu named as CEO of Thungela Resources.

Value of iridium in electrolysis could top R90bn mark in years ahead – HySA 

By: Martin Creamer     7th April 2021 The value of iridium for proton exchange membrane (PEM) water electrolysis technology alone could exceed R90-billion in the next ten to 20 years. This is the view of Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of Competence: Hydrogen... 

Value of iridium in electrolysis could top R90bn mark in years ahead – HySA
Value chain as outlined by Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of Competence.

Canadian underground mining likely to take hydrogen ventilation lead – HySA 

By: Martin Creamer     6th April 2021 Canadian and Australian mines are big on wanting hydrogen ventilation in underground mining operations, and Canada will likely lead in the use of hydrogen underground. This is the view of Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of... 

Canadian underground mining likely to take hydrogen ventilation lead – HySA
Hydrogen South Africa hydrogen ventilation research site in North West.

How South Africa can unlock its exploration potential ­– Adrian Reynolds   

By: Martin Creamer     1st April 2021 Of four factors required to attract investment in exploration, economic and fiscal stability is the most important, says highly experienced geological and mining consultant and nonexecutive company director Adrian Reynolds. Reynolds spoke to Mining Weekly in a Zoom interview about the factors... 

How South Africa can unlock its exploration potential ­– Adrian Reynolds
Geological and mining consultant Adrian Reynolds interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Anglo collaborating on feasibility study for South Africa’s ‘hydrogen valley’ 

By: Martin Creamer     31st March 2021 Diversified mining and marketing company Anglo American on Wednesday announced a collaboration agreement to complete a feasibility study to develop a ‘hydrogen valley’ anchored in South Africa’s platinum group metals- (PGMs-) rich Bushveld geological area. Spearheaded by South Africa’s Department... 

Anglo collaborating on feasibility study for South Africa’s ‘hydrogen valley’
The Mogalakwena platinum group metals mine in Limpopo.

Google, BMW, Volvo and Samsung SDI sign up to WWF call for temporary ban on deep-sea mining

By: Reuters     31st March 2021 Google, BMW, Volvo and Samsung SDI are the first global companies to have signed up to a World Wide Fund for Nature (WWF) call for a moratorium on deep-sea mining, the WWF said on Wednesday. In backing the call, the companies commit not to source any minerals from the seabed, to exclude such... 

Google, BMW, Volvo and Samsung SDI sign up to WWF call for temporary ban on deep-sea mining

Gold extends slide after Biden flags rapid progress on vaccines

By: Bloomberg     30th March 2021 Gold extended its biggest fall in more than three weeks as President Joe Biden prepared to unveil big spending plans after announcing major progress on rolling out vaccines. Biden said 90% of US adults will be eligible for Covid-19 vaccines by April 19, boosting risk appetites even as they... 

Gold extends slide after Biden flags rapid progress on vaccines

Now is time to get going on hydrogen economy opportunity – PIC 

By: Martin Creamer     30th March 2021 South Africa has got a massive opportunity to participate in the hydrogen economy and it would be a national travesty if the country failed to do so, says Public Investment Corporation (PIC) sector specialist mining, beneficiation and energy Heidi Sternberg. Mining Weekly can report that the PIC,... 

Now is time to get going on hydrogen economy opportunity – PIC
Photo by Creamer Media
From top left, clockwise, are Prakashim Moodliar, Neal Froneman, Sifiso Sibiya, Kevin Eggers and Heidi Sternberg.

Hitachi, ABB sign MoU to explore carbon-reducing opportunities

By: Donna Slater     29th March 2021 Technology company ABB has signed a memorandum of understanding (MoU) with machinery manufacturer Hitachi Construction Machinery to share their expertise and collaborate in bringing solutions to market that will reduce the greenhouse-gas (GHG) emissions associated with heavy machinery in mining.... 

South African-developed fuel cell passing tests at Implats refinery 

By: Martin Creamer     29th March 2021 A South African-developed stationary hydrogen fuel cell is doing well as it is put through a testing phase at the Impala Platinum (Implats) refinery, group executive: refining and marketing Sifiso Sibiya has revealed. The stationary hydrogen fuel cell at Implats’ precious metals and base metals... 

South African-developed fuel cell passing tests at Implats refinery
Impala Platinum group executive: refining and marketing Sifiso Sibiya

First hydrogen and movement by third quarter – Anglo American Platinum 

By: Martin Creamer     29th March 2021 Anglo American Platinum executive head: project and environment Prakashim Moodliar has outlined what the company refers to as its smart power project, which is the development of the hydrogen fuel cell and battery-powered module, retrofitted on to a large haul truck, for deployment at the... 

First hydrogen and movement by third quarter – Anglo American Platinum
Anglo American Platinum executive head: project and environment Prakashim Moodliar.

One ultra-rare metal is doing much better than Bitcoin this year

By: Bloomberg     26th March 2021 There’s one metal that’s leaving all commodities -- and even Bitcoin -- in the dust this year. The challenge for investors is buying it. Iridium, one of the rarest precious metals and mined as a byproduct of platinum and palladium, has surged 131% since the start of January, far beating Bitcoin’s... 

Two-part modernisation of Amandelbult platinum mine under way  

By: Martin Creamer     26th March 2021 Two-part modernisation is under way at the Amandelbult underground platinum group metals (PGMs) mine of Anglo American Platinum (Amplats), one where conventional mine design remains intact but is renedered safer and more efficient, and the other involving mechanisation and the deployment of... 

Two-part modernisation of Amandelbult platinum mine under way
Anglo American Platinum CEO Natascha Viljoen interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Fitch warns that signs are emerging of weakness in copper price

By: Marleny Arnoldi     26th March 2021 Research agency Fitch Solutions has revised upwards its average copper price forecast for this year to $7 250/t, from $6 800/t previously, as prices have pushed higher than previously expected. The combination of bullish sentiment towards the economic recovery and a substantially weaker dollar... 

Moody’s forecasts 30% earnings growth for metals and mining industry by 2022  

By: Marleny Arnoldi     26th March 2021 Moody’s Investors Service forecasts the global metals and mining industry’s earnings will increase by about 30% through the first quarter of 2022 on the back of economic recovery, as well as rising demand and tight supplies for steel, iron-ore and copper. This while aluminium, nickel and zinc... 

Dividend over digging: Miners pay shareholders but need new projects

By: Reuters     25th March 2021 Major miners need to increase spending to secure fresh copper supply, analysts say, amid worries that availability of the red metal, crucial for the shift to a low carbon world, will slide just as demand surges. Copper -- which hit nine-and-a-half year highs last month at $9 617 a tonne -- is an... 

Dividend over digging: Miners pay shareholders but need new projects

Substituting rhodium with palladium next, says Sibanye-Stillwater  

By: Martin Creamer     25th March 2021 Substituting rhodium with palladium is the next platinum group metals (PGMs) substitution investment that PGM mining and marketing company Sibanye-Stillwater intends making. Sibanye CEO Neal Froneman revealed this during a panel discussion at this week’s PGMs Industry Day virtual event covered by... 

Substituting rhodium with palladium next, says Sibanye-Stillwater
PGMs Industry Day panel discussion covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

South Africa playing key role in hydrogen economy – Minister  

By: Martin Creamer     24th March 2021 South Africa is playing an important role in the ‘hydrogen economy’ as the country targets clean and reliable alternative energy sources, Mineral Resources and Energy Minister Gwede Mantashe said on Wednesday. In his opening keynote address to the Platinum Group Metals Industry Day chaired by... 

South Africa playing key role in hydrogen economy – Minister
Platinum Group Metals Industry Day covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Master Drilling advancing mechanisation for two top-tier local clients  

By: Martin Creamer     23rd March 2021 Mine mechanisation is being advanced for two top-tier  local clients of Master Drilling, the CEO of the JSE-listed company, Danie Pretorius, said on Tuesday. Speaking to Mining Weekly in a Zoom interview after reporting 72.7%-higher 2020 net cash generation of $25.5-million, 18%-lower debt to... 

Master Drilling advancing mechanisation for two top-tier local clients
Master Drilling CEO Danie Pretorius interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Remote-operation drilling footprint providing sizeable benefit – Master Drilling  

By: Martin Creamer     23rd March 2021 An increased remote-operation drilling footprint is providing considerable benefit for Master Drilling, the JSE-listed drilling services company said on Tuesday, when it reported 72.7%-higher 2020 net cash generation of $25.5-million, 18%-lower debt to $42.1-million, and a halved gearing ratio to... 

Remote-operation drilling footprint providing sizeable benefit – Master Drilling
Master Drilling results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Trafigura sees green copper supercycle driving prices to $15 000

By: Bloomberg     23rd March 2021 The world’s biggest copper trader expects the metal to hit $15 000 a ton in the coming decade as demand from global decarbonisation produces a deep market deficit. Even in the early stages of the Covid-19 crisis, Trafigura Group was betting on the rebound that’s seen copper double over the past... 

Trafigura sees green copper supercycle driving prices to $15 000

Master Drilling in muted but resilient 2020 performance 

By: Martin Creamer     23rd March 2021 Drilling services company Master Drilling, which operates in 23 countries and which is continuing to grow its presence in new global markets, on Tuesday reported a “muted but resilient performance” for the full year ended December 31, thanks to what it described as a “flexible business model and... 

Master Drilling in muted but resilient 2020 performance
Photo by Creamer Media
Master Drilling CEO Danie Pretorius.

Northam pays most tax as growth strategy heads for 8 500 jobs boost 

By: Martin Creamer     23rd March 2021 “We’ve made the single-largest tax payment in the history of the company,” Northam Platinum CEO Paul Dunne said during last week’s presentation of 74%-higher headline half-year earnings.   The JSE-listed platinum group metals (PGMs) mining company’s half-year contribution to the fiscus topped... 

Northam pays most tax as growth strategy heads for 8 500 jobs boost
Northam Platinum CEO Paul Dunne’s half-year presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Northam Platinum building 10 MW solar power plant at Zondereinde smelter  

By: Martin Creamer     19th March 2021 Platinum group metals (PGMs) mining company Northam Platinum said on Friday that it was designing and building a 10 MW solar energy plant for the company’s smelter at its Zondereinde mine, in Limpopo province. Located on the northern end of the western limb of the Bushveld Complex, near the town... 

Northam Platinum building 10 MW solar power plant at Zondereinde smelter
Northam Platinum CEO Paul Dunne’s half-year presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Sibanye, Johnson Matthey partner to boost battery technology, low-carbon development 

By: Donna Slater     19th March 2021 LSE-listed sustainable technologies company Johnson Matthey and JSE- and NYSE-listed gold and platinum group metals (PGMs) miner Sibanye-Stillwater have formed a strategic partnership to secure critical metals and accelerate new battery technologies for a low-carbon future. The collaboration will... 

Sibanye, Johnson Matthey partner to boost battery technology, low-carbon development

Northam earnings soar, operational performance pumps cash 

By: Martin Creamer     19th March 2021 The earnings of platinum group metals (PGMs) mining company Northam Platinum soared in the six months to the end of December when 54% more cash was generated. Operational growth projects, initiated in a period of lacklustre metal prices, are now coming on track, and delivering valuable... 

Northam earnings soar, operational performance pumps cash
Photo by Creamer Media
Northam Platinum CEO Paul Dunne

Exxaro eyeing 84 MW solar power for coal mine, hydrogen fuel cells 

By: Martin Creamer     18th March 2021 South Africa is at crossroads of energy liberalisation with 2.5 GW of embedded mining demand, including 84 MW demand at Exxaro Resources’ Grootegeluk coal mine alone and the intended use of hydrogen fuel cell powered trucking, Exxaro Resources said on Thursday. “Energy is the largest single... 

Exxaro eyeing 84 MW solar power for coal mine, hydrogen fuel cells
Exxaro Resources’ newly appointed MD Energy Roland Tatnall

Nombasa Tsengwa appointed CEO-designate of Exxaro Resources 

By: Martin Creamer     18th March 2021 Dr Nombasa Tsengwa has been appointment CEO-designate of diversified mining and energy company Exxaro Resources, effective from 31May 2023, when current CEO Mxolisi Mgojo reaches the retirement age of 63. The appointment of Dr Tsengwa, who is Exxaro’s current MD Minerals, forms part of what the... 

Nombasa Tsengwa appointed CEO-designate of Exxaro Resources
Photo by Creamer Media
Dr Nombasa Tsengwa has been appointment CEO-designate.

Exxaro announces record dividend on earnings leap in fourth fatality-free year

By: Martin Creamer     18th March 2021 The black-empowered and black-led diversified mining company Exxaro Resources on Thursday announced a record dividend distribution on 25%-higher earnings and another year without occupational loss of life, taking the safety achievement to four years of fatality-free operation. Cash of... 

Exxaro announces record dividend on earnings leap in fourth fatality-free year
Exxaro CEO Mxolisi Mgojo

Northern Cape ‘elephant country' needs exploration boost, says explorer  

By: Martin Creamer     17th March 2021 South Africa is still "elephant country" and needs to boost exploration in the Northern Cape's highly prospective Namaqua metamorphic geological province in particular, says PGM Management MD Gerhard Meintjes. Meintjes, a private explorer who spoke to Mining Weekly in a Zoom interview, focuses on... 

Northern Cape ‘elephant country' needs exploration boost, says explorer
PGM Management MD Gerhard Meintjes interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Aton inks loan facility with major shareholder, CEO retires

By: Simone Liedtke     17th March 2021 TSX-V-listed Aton Resources has entered into a bridge loan facility with Ou Moonrider, a significant shareholder. Pursuant to the facility, the corporation may borrow up to C$1-million from Ou Moonrider. 

IEA says oil demand likely to rise until 2026

By: Marleny Arnoldi     17th March 2021 Based on the current policy settings, global oil demand is set to rise every year to 2026, says the International Energy Agency (IEA). Although world oil markets have rebounded from the massive demand shock triggered by Covid-19, they still face a high degree of uncertainty that is testing the... 

Automakers using know-how to accelerate the uptake of platinum-based fuel cell systems 

By: Simone Liedtke     17th March 2021 While it is widely accepted that for hydrogen to fulfil its potential in enabling the clean energy transition, collaboration is essential and a recent report by the Hydrogen Council talks of the need to accelerate product and solution development, while acknowledging that this will require new... 

Rohitesh Dhawan to succeed Tom Bulter as ICMM CEO

By: Schalk Burger     17th March 2021 International organisation the International Council on Mining and Metals (ICMM) has appointed sustainability specialist Rohitesh Dhawan to succeed Tom Bulter as ICMM CEO from April 6. The appointment was made after a competitive global selection process. 

Rohitesh Dhawan to succeed Tom Bulter as ICMM CEO
Rohitesh Dhawan

Capital awarded two new contracts at AngloGold’s Geita

By: Simone Liedtke     16th March 2021 Mining services company Capital has been awarded two new long-term three-year contracts at AngloGold Ashanti’s Geita gold mine, in Tanzania. The new contracts are scheduled to start on April 1, and are expected to generate revenues of $65-million over the contract term. 

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