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Middle East News

Investors worth $10.2tr press global miners for talks on Indigenous engagement

By: Reuters     Updated 2 hours 54 minutes ago Institutional investors worth $10.2-trillion have written to the boards of global mining companies to better understand their engagement with First Nations people, in the wake of Rio Tinto's destruction of Juukan Gorge rockshelters. The group of 64 investors and their representatives, including... 

Gold demand recovering, but impact of possible 'second wave' of Covid-19 infections uncertain

By: Simone Liedtke     Updated 6 hours ago Overall global gold demand decreased by 19% year-on-year to 892 t in the third quarter, owing largely to consumers still feeling the impact of the Covid-19 pandemic, says the World Gold Council (WGC) in its latest 'Gold Demand Trends' report. Published on October 29, the report indicates that... 

Gold demand recovering, but impact of possible 'second wave' of Covid-19 infections uncertain
WGC market intelligence manager Krishan Gopaul

Hopes rise as top firms arrive at potential flow-through share model to stimulate mining exploration  

By: Martin Creamer     27th October 2020 A flow-through share model has been drawn up with the help of top firms to stimulate badly neglected mining exploration in South Africa, Minerals Council South Africa junior and emerging miners leadership forum chairperson Errol Smart said on Tuesday. Speaking to Mining Weekly in a Zoom... 

Hopes rise as top firms arrive at potential flow-through share model to stimulate mining exploration
Minerals Council South Africa Junior Miners’ Forum Chairperson Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Excitement as Sumitomo becomes AP Ventures’ latest hydrogen economy investor 

By: Martin Creamer     27th October 2020 Leading Fortune 500 global trading and business investment company Sumitomo Corporation, which has a strong focus on the hydrogen economy, has become the latest investor in partnership with venture capital company AP Ventures Fund II. Sumitomo joins cornerstone investors such as South Africa’s... 

Excitement as Sumitomo becomes AP Ventures’ latest hydrogen economy investor
Photo by Creamer Media
Andrew Hinkly

Decision soon on platinum process that can save a Medupi power station worth of power   

By: Martin Creamer     26th October 2020 The definitive feasibility study for the installation of a revolutionary new electricity-slashing processing plant at Pilanesberg Platinum Mine in the North West will be completed next month in time for an investment decision from the shareholders in KellTechnology South Africa, which are... 

Decision soon on platinum process that can save a Medupi power station worth of power
Kelltech’s Keith Liddell interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Weekly Coal Index Report

26th October 2020 Australian coal prices are playing catch-up with South African prices as Asian buyers focus on value wherever they can get it. South African coal is less competitive into markets such as South Korea and Vietnam, whereas RBCT exports to Turkey were over 500 kt last month, far higher than only... 

Weekly Coal Index Report

World Bank sees slow commodities recovery after virus hit

By: Bloomberg     23rd October 2020 Oil demand could see “lasting impacts” from the coronavirus while modest gains are projected in metals and agriculture prices as commodity markets recover from the shock of the pandemic, according to the World Bank. The World Bank boosted its projections from April for the average oil price in... 

Diamond manufacturers have a chance to make profit – Rapaport

By: Mariaan Webb     23rd October 2020 The coronavirus pandemic, which hit the diamond industry hard in the first half of 2020, has presented an opportunity for squeezed diamond manufacturers to turn things around and start making profit. Squeezed by high rough diamond costs and declining polished prices, manufacturers and dealers... 

Diamond manufacturers have a chance to make profit – Rapaport

$1tr needed for key energy transition metals by 2035 – WoodMac

23rd October 2020 More than $1-trillion of investment will be needed in key energy transition metals - aluminium, cobalt, copper, nickel and lithium - over the next 15 years to meet the growing demands of decarbonisation, says consultancy group Wood Mackenzie (WoodMac). This is almost double the figure invested... 

$1tr needed for key energy transition metals by 2035 – WoodMac

Covid has highlighted the value of operating remotely – mining editor 

By: Martin Creamer     22nd October 2020 The extraction of data from machinery to improve decision-making is a key benefit of the digital mine and has changed the way that mines manage their assets and perform machine maintenance, Australia Mining managing editor Ben Creagh said on Wednesday. Creagh was speaking during a virtual... 

Covid has highlighted the value of operating remotely – mining editor
ifm Australia’s Freddie Coertze and Aditya Kunder.

Sustainable shipping possible through platinum, fuel cells − WPIC

By: Simone Liedtke     21st October 2020 Shipping, which is vital to the global economy, is responsible for about 2.5% of the world’s total greenhouse-gas (GHG) emissions as it is reliant on fossil fuels for power to transport about 90% of all freight goods transported by sea. Like other forms of transport, the maritime sector has... 

Platinum well positioned in hydrogen economy’s sweet spots – WPIC  

By: Martin Creamer     21st October 2020 The upcoming platinum demand of Hyundai alone could come close to taking up the total annual production of one of South Africa’s biggest platinum mines. Hyundai has stated categorically, in a double-page advertisement in The Economist of London, that it will be making 700 000 fuel cell stacks a... 

Platinum well positioned in hydrogen economy’s sweet spots – WPIC
World Platinum Investment Council research director Trevor Raymond interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

40 MW solar power application making good progress ­– Gold Fields  

By: Martin Creamer     20th October 2020 The application for the establishment of a 40 MW solar power plant at the South Deep gold mine in western Gauteng is in process and making good progress, Gold Fields CEO Nick Holland said on Monday. Responding to Mining Weekly during the Johannesburg- and New York-listed company’s virtual... 

40 MW solar power application making good progress ­– Gold Fields
Gold Fields ESG presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

South Africa is well positioned to export green hydrogen ­– PwC  

By: Martin Creamer     19th October 2020 South Africa is in an extraordinary position to revolutionise its own economy and supply green hydrogen to the world, PwC said on Monday. “The energy transition is and will be biggest global theme this decade,” PwC associate director James Mackay told journalists at a virtual event covered by... 

South Africa is well positioned to export green hydrogen ­– PwC
PwC Hydrogen Report 2020 covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Hydrogen fast-tracking will be much quicker than imagined – Sibanye-Stillwater  

By: Martin Creamer     19th October 2020 The fast-tracking of the hydrogen economy will be much quicker than most people have imagined, Sibanye-Stillwater CEO Neal Froneman said at the Financial Times (FT) Commodities Mining Summit, where he was part of a panel that included Anglo American Platinum CEO Natasha Viljoen and South32 CEO... 

Hydrogen fast-tracking will be much quicker than imagined – Sibanye-Stillwater
Financial Times Commodities Mining Summit covered by Mining Weekly’s Martin Creamer.

Coal mine disposal exacerbating carbon emissions problem – Glencore  

By: Martin Creamer     16th October 2020 The disposal of thermal coal mines in response to environmental, social and governance (ESG) investors is not lowering carbon dioxide (CO2) emissions but exacerbating the problem, Glencore CEO Ivan Glasenberg pointed out on Friday. Questioned by Financial Times (FT) natural resources editor Neil... 

Coal mine disposal exacerbating carbon emissions problem – Glencore
Financial Times Commodities Mining Summit covered by Mining Weekly’s Martin Creamer.

Report discusses challenges, options as world continues to drive decarbonisation agenda 

By: Simone Liedtke     16th October 2020 While the global shift from fossil fuels to renewables is helping new ecosystems and technologies to emerge, many of the pursued steps towards decarbonisation pose unique challenges. Many participants in the energy and resources industries have declared an intention to become carbon neutral by... 

Report discusses challenges, options as world continues to drive decarbonisation agenda
Deloitte's Andrew Lane discusses the company's new global report and value beyond compliance with Creamer Media journalist Simone Liedtke. Video: Recorded on Zoom. Editing: Creamer Media's Nicholas Boyd.

Mining committed to doing all it takes to improve worker health – Matlala 

By: Martin Creamer     15th October 2020 Minerals Council South Africa VP and Masoyise Health Programme chairperson Zanele Matlala on Thursday committed the South African mining industry to doing all it takes to ensure that employee lives are saved and health is improved. Speaking at a global virtual health seminar to reprioritise... 

Mining committed to doing all it takes to improve worker health – Matlala
Photo by Creamer Media
Minerals Council South Africa VP and Masoyise Health Programme chairperson Zanele Matlala

Hydrogen-linked Platinum Valley Corridor Project under way – Nzimande 

By: Martin Creamer     15th October 2020 A Platinum Valley Corridor Project being developed as part of South Africa’s economic recovery was outlined by Higher Education, Science and Innovation Minister Dr Blade Nzimande on Wednesday. Taking part in the third Hydrogen Energy Ministerial meeting held virtually, Nzimande described the... 

Hydrogen-linked Platinum Valley Corridor Project under way – Nzimande
Photo by Creamer Media
Higher Education, Science and Innovation Minister Dr Blade Nzimande

Southern Africa’s green hydrogen buy-in exceeding expectations – Sacreee  

By: Martin Creamer     14th October 2020 Southern Africa’s buy-in into the green hydrogen economy concept is exceeding expectations, Southern African Development Community (SADC) Centre for Renewable Energy & Energy Efficiency (Sacreee) executive director Kudakwashe Ndhlukula said on Tuesday. Green hydrogen is a clean form of hydrogen... 

Southern Africa’s green hydrogen buy-in exceeding expectations – Sacreee
Sacreee executive director Kudakwashe Ndhlukula discusses green hydrogen with Mining Weekly’s Martin Creamer.

New venture capital incubation fund targeting small-scale mining space  

By: Martin Creamer     13th October 2020 Venture capital incubation fund initiator Pearl Gray Equity Partners is targeting South Africa’s small-scale gold mining space. Pearl Gray, a reform of the Gray Family trust created in the late 1990s, is a family investment firm based in Pretoria, with activities in Delaware, in the US. (Also... 

New venture capital incubation fund targeting small-scale mining space
Pearl Gray Equity managing partner Steve Booyens outlines mining fund to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Caterpillar bets on self-driving machines impervious to pandemics

By: Reuters     12th October 2020 Question: How can a company like Caterpillar try to counter a slump in sales of bulldozers and trucks during a pandemic that has made every human a potential disease vector? Answer: Cut out human operators, perhaps? Caterpillar's autonomous driving technology, which can be bolted on to existing... 

Environmental under-investment comes back to bite – Sir Mick Davis  

By: Martin Creamer     12th October 2020 If you under-invest in environmental impact, it will come back to bite you at some time in the future, just like cutting back on development used to do in the old days, former Eskom, Gencor, Billiton, Xstrata and X2 Resources mining doyen Sir Mick Davis said at the Joburg Indaba. Davis said this... 

Environmental under-investment comes back to bite – Sir Mick Davis
Mining Weekly’s Martin Creamer reports on Sir Mick Davis at Joburg Indaba. Video: Darlene Creamer.

Gold ETFs surpass 1 000 t of new demand this year

By: Creamer Media Reporter      8th October 2020 Gold-backed exchange-traded funds (ETFs) and similar products recorded their tenth consecutive month of net inflows in September, reports the World Gold Council (WGC). Gold ETF holdings increased by 68.1 t or 2% of assets under management (AUM) despite gold’s worst monthly price performance since... 

Mining majors must convince investors of need to replace value – Sir Mick Davis  

By: Martin Creamer     8th October 2020 Major mining companies need to convince investors of the crucial need to replace the value that they are taking out of the ground, mining luminary Sir Mick Davis said on Thursday. “Every single day that they take something out of the ground, that value disappears forever, and unless you do... 

Mining majors must convince investors of need to replace value – Sir Mick Davis
Mining Weekly’s Martin Creamer reports on Sir Mick Davis at Joburg Indaba. Video: Darlene Creamer

Exploration strategy in three months, hydrogen under scrutiny – DMRE  

By: Martin Creamer     8th October 2020 A comprehensive exploration strategy will be developed in the next three months and engagement on the potential of the platinum group metals-linked hydrogen economy is taking place, Department of Mineral Resources and Energy director-general Advocate Thabo Mokoena said on Thursday. In a keynote... 

Exploration strategy in three months, hydrogen under scrutiny – DMRE
Mining Weekly’s Martin Creamer reporting on DMRE DG Advocate Thabo Mokoena. Video: Darlene Creamer.

Flow-through must form part of overall exploration strategy – Minerals Council  

By: Martin Creamer     7th October 2020 The introduction of a flow-through share scheme must form part of a full suite and package of measures tailored for a comprehensive exploration strategy for South Africa, Minerals Council South Africa CEO Roger Baxter said on Wednesday. Speaking during question time on day one of the Joburg... 

Flow-through must form part of overall exploration strategy – Minerals Council
Mining Weekly’s Martin Creamer putting a question at Joburg Indaba. Video: Darlene Creamer.

South Africa’s iron-ore sector to benefit from rising Chinese demand 

By: Simone Liedtke     7th October 2020 South Africa’s Northern Cape is considered a “fantastic mineral region” and African Rainbow Minerals ferrous division CE Andre Joubert believes iron-ore, besides other commodities, is likely to benefit following the Covid-19 pandemic. Crude steel is a major driver for iron-ore production, he... 

Anglo investing in South Africa’s hydrogen economy ­– Cutifani  

By: Martin Creamer     7th October 2020 As the world’s largest marketer of platinum group metals (PGM), Anglo American is investing in South Africa’s hydrogen economy, including through a joint venture with the State-owned Public Investment Corporation (PIC), Anglo CEO Mark Cutifani said on Wednesday. In a keynote address on day one of... 

Anglo investing in South Africa’s hydrogen economy ­– Cutifani
Mining Weekly’s Martin Creamer reports on Anglo American CEO Mark Cutifani’s keynote address at the Joburg Indaba. Video: Darlene Creamer.

Platinum to benefit from hydrogen revolution push, says WPIC 

By: Simone Liedtke     7th October 2020 The hydrogen revolution is fast becoming action rather than talk, says the World Platinum Investment Council (WPIC). It notes that a series of spending commitments and investments are “pointing to a future where hydrogen will be a mainstream source of sustainable fuel”. 

Rio Tinto, AB InBev sign MoU to deliver sustainable, low carbon aluminium cans

By: Simone Liedtke     6th October 2020 Beer drinkers will soon be able to enjoy their favourite brew out of cans that are both recyclable and responsibly produced as a result of a global partnership between diversified miner Rio Tinto and brewer Anheuser-Busch InBev (AB InBev). The two companies have signed a memorandum of... 

Hydrogen can be game-changer for South African economy ­– PwC  

By: Martin Creamer     6th October 2020 Hydrogen has the potential to be a game-changer for the South African economy, PwC African mining leader Andries Rossouw said on Tuesday. Speaking during the virtual release of the professional services firm’s 12th edition SA Mine, a series of publications that highlights trends in the South... 

Hydrogen can be game-changer for South African economy ­– PwC
Mining Weekly’s Martin Creamer reports on PwC SA Mine 2020 event. Video: Darlene Creamer

Regulations tailored to alluvial diamonds will reward S Africa with jobs – Sadpo  

By: Martin Creamer     6th October 2020 South Africa’s one-size-fits-all mining legislation is losing vital jobs for the country in the job-intensive alluvial diamonds space that requires regulations tailored to junior mining to survive, South African Diamond Producers Organisation (Sadpo) reiterated on Monday. Because there are so... 

Regulations tailored to alluvial diamonds will reward S Africa with jobs – Sadpo
Mining Weekly’s Martin Creamer speaks to the South African Diamond Producers Organisation’s Gert van Niekerk and Lyndon de Meillon. Video: Darlene Creamer.

Sedibelo Platinum Mines closer to finding listing date – Frandsen  

By: Martin Creamer     5th October 2020 The unlisted Sedibelo Platinum in South Africa’s North West province is closer to finding a listing date, says Pallinghurst managing partner and co-founder and Sedibelo chairperson Arne Frandsen, who is absolutely bullish about the prospects for platinum group metals (PGMs) in the medium to long... 

Sedibelo Platinum Mines closer to finding listing date – Frandsen
Mining Weekly’s Martin Creamer interviewed Pallinghurst’s Arne Frandsen. Video: Darlene Creamer.

Copper heads for biggest loss since March as growth worry mounts

By: Bloomberg     2nd October 2020 Copper extended declines, heading for the biggest loss since March amid concerns over the pace of economic recovery as traders looked for signs of progress in US fiscal-stimulus talks. US manufacturing expanded in September by less than forecast, according to a report Thursday, while US initial... 

Gold erases loss as investors weigh impact of Trump’s Covid-19

By: Bloomberg     2nd October 2020 Gold erased a decline after President Donald Trump announced early Friday that he and First Lady Melania Trump had tested positive for Covid-19, roiling global assets and lifting the dollar. Trump tweeted that he and the first lady would “begin our quarantine process,” shortly after one of his... 

Gold erases loss as investors weigh impact of Trump’s Covid-19
US President Donald Trump and First Lady Melania Trump

Amplats focused on going back to basics, stretching existing assets optimally   

By: Martin Creamer     1st October 2020 Doing the ordinary tasks extraordinarily well is the current short-term tactic of the platinum group metals (PGMs) mining company Anglo American Platinum (Amplats) under new CEO Natascha Viljoen, who is intent on stretching the company’s existing assets to their full capacity. “We don’t deserve... 

Amplats focused on going back to basics, stretching existing assets optimally
Mining Weekly’s Martin Creamer reports on Coronation Fund Managers webinar. Video: Darlene Creamer

Cabinless, emissionless vehicle foretelling underground’s autonomous future  

By: Martin Creamer     30th September 2020 Mining Weekly on Wednesday watched a cabinless emission-free next-generation mining vehicle autonomously load, haul and dump in an underground mine, without a human in sight. The cabinless design places emphasis on the extent to which traditional human operation at the rockface is becoming a... 

Cabinless, emissionless vehicle foretelling underground’s autonomous future
Sandvik’s virtual event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.
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