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Middle East News

Save SA Smelters responds to ChromeSA’s ‘high-risk’ analysis 

By: Martin Creamer     17th September 2021 The Save SA Smelters movement, which has thrown its full weight behind the decision of the Cabinet to impose an export tax on raw chrome leaving the country, on Friday responded to the analysis of ChromeSA that the imposition of such a tax would be high risk. ChromeSA was formed late last year... 

Nickel output poised for steady growth up to 2030

By: Marleny Arnoldi     17th September 2021 Research agency Fitch Solutions expects nickel mine production to grow strongly between 2021 and 2023, owing to less disruption from Covid-19 and amid a high price environment. The agency believes that output growth in the near term will be particularly driven by Indonesia, provided that it... 

An image of nickel ore being loaded.

Coal funding persists even as climate concern grows, report says

By: Bloomberg     17th September 2021 Coal might be the dirtiest word in climate politics in the run up to the United Nations COP26 summit, but that doesn’t mean financing for it has dried up. A total of $42 billion was committed to financing coal-fired power plants from 2013 to 2019 in 18 nations with the biggest percentage of... 

Zinc output set to recover this year, says GlobalData

By: Marleny Arnoldi     17th September 2021 Data and analytics company GlobalData says zinc production is set to recover by about 5.2% this year, reaching 12.8-million tonnes, from a 5.9% decline in 2020, to 12.1-million tonnes. Looking at production over 2021 to 2025, the company forecasts a compound annual growth rate of 2.1% and for... 

Bush clearing, shaft rehab under way at West Wits gold revival project  

By: Martin Creamer     16th September 2021 Australia-listed West Wits Mining, which is considering a secondary listing on the JSE, has commenced bush clearing and old shaft rehabilitation west of Johannesburg, as part of its far-reaching revival plans for an area where gold mining took place as recently as 20 years ago. West Wits Mining,... 

West Wits MD Jac van Heerden. Submitted picure.
West Wits Mining MD Jac van Heerden interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Queen’s Virtues coin series now features platinum

By: Marleny Arnoldi     16th September 2021 The Treasury of St Helena and The East India Company have added platinum to its St Helena Queen’s Virtues Series of coins. To provide choice for investors, the companies have included three sizes – 1 oz, 0.5 oz and 0.10 oz – in the 2021 Queen’s Virtues Victory coin range.  

St Helena's platinum Queen's Virtues Victory coin
Treasury of St Helena's platinum Queen's Virtues Victory coin

Saudi Arabia ‘very much open for business’, official tells mining event

By: Creamer Media Reporter      15th September 2021 Saudi Arabia is “very much” open for business, Vice-Minister of Mining Affairs Khalid Al-Mudaifer told the MINExpo International this week, outlining opportunities for investors, explorers, miners and service providers. Saudi has singled out mining to become the third pillar of the country’s... 

Solar power set to reduce Pan African’s reliance on Eskom by 30%   

By: Martin Creamer     15th September 2021 The generation of solar power by top-performing gold mining company Pan African Resources is expected to lower reliance on power utility Eskom by 30%, Pan African CEO Cobus Loots said on Wednesday, when the London Aim- and JSE-listed company reported record profit after tax and proposed its... 

Screenshot by Creamer Media
The generation of solar power by top-performing gold mining company Pan African Resources is expected to lower reliance on power utility Eskom by 30%

Pan African reports record profit, proposes highest ever dividend  

By: Martin Creamer     15th September 2021 Gold mining company Pan African Resources on Wednesday reported record after-tax-profit, higher gold production and proposed its highest ever dividend. In the 12 months to June 30, the company, headed by CEO Cobus Loots, recorded a 12.4% increase in group gold production to 201 777 oz, a 36%... 

Creamer Media picture of Pan African CEO
Gold mining company Pan African Resources on Wednesday reported record after-tax-profit, higher gold production and proposed its highest-ever dividend.

South Africa’s junior mining dearth result of unintended consequence – AmaranthCX  

By: Martin Creamer     14th September 2021 South Africa’s junior mining dearth is a result of savings no longer flowing through to primary capital raising and stock exchange listings, as the Jacobs Committee expected them to do. The unintended consequence is that there are no longer small investors for small companies. This has negatively... 

Creamer Media screenshot of AmaranthCX director Paul Miller taken during Zoom interview.
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

ChromeSA says imposition of export tax would be high risk  

By: Martin Creamer     14th September 2021 The imposition of a tax on the export of chrome ore would be high risk and the gain from such an intervention would likely be eroded fairly quickly by the high cost of electricity, which is the real problem. Chrome SA’s Alistair McAdam and Paul Anderson of Genesis Analytics highlighted this... 

Creamer Media Screenshot taken of McAdam during zoom interview
ChromeSA representatives Alistair McAdam and Paul Anderson on chrome export tax. Video: Darlene Creamer.

Outlook for metals improves – Moody’s

By: Tasneem Bulbulia     13th September 2021 Credit rating business Moody's Investors Service’s outlook for the global metals and mining industry changed to stable from positive with high prices expected to fade out throughout 2022. In a new report covering iron-ore, steel, coal, aluminium, gold, silver, nickel, copper and zinc, Moody's... 

Surge in electric vehicle sales power lithium prices as shortages loom

By: Reuters     13th September 2021 Lithium prices have jumped to their highest in more than three years thanks to an upsurge in electric vehicle sales, depleting stocks of the battery material in top consumer China. Targets to cut carbon emissions from China to the United States cannot be met without the rechargeable lithium-ion... 

China's Jiangxi Copper to develop Afghanistan copper mine when situation allows

By: Reuters     13th September 2021 China's Jiangxi Copper Co said on Monday that it and the Metallurgical Corp of China (MCC) are monitoring the situation in Afghanistan and will push forward with the Mes Aynak copper mine when they can. The company and MCC took on a 30-year lease for the mine in 2008, which has an estimated... 

An image of scenery in Afghanistan.

National collaboration essential to win share of green hydrogen market, say debaters  

By: Martin Creamer     13th September 2021 South Africa’s early mover advantage in green hydrogen would fade and become ineffective over time without a collaborative, collective and holistic national approach that assures the export of green hydrogen over and above its domestic use. That was the strong message that came across in the... 

Screenshot taken by Creamer Media during debate on green hydrogen.
Hydrogen Economy Discussion covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Broadening ESG has provided clear paths to economic benefit – Sibanye-Stillwater  

By: Martin Creamer     10th September 2021 Sustainability is not a function of compliance but rather a strategic imperative to change the role that mining plays in society and in economies, says Sibanye-Stillwater senior vice-president and head of sustainability Loyiso Ndlovu. “We do this by sticking to the knitting in being miners, and... 

Sibanye Investor Day 2021
Sibanye-Stillwater Investor Day covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

World Gold Council members on board for TCFD reporting  

By: Marleny Arnoldi     10th September 2021 The World Gold Council (WGC) has announced that all 33 gold miners it represents globally have committed to reporting their positions and progress on climate-related risks, in line with the Task Force on Climate-Related Financial Disclosures (TCFD). The TCFD recommendations and reporting... 

Angola’s modest oil output goal reveals a truth on global supply

By: Bloomberg     10th September 2021 Want proof of how hard it is for some oil-producing countries to lift supply? Look no further than the west African nation of Angola. State Secretary for Petroleum and Gas Jose Barroso said Thursday that the country aims to keep production above 1.1-million barrels a day in the coming years. 

Bell Equipment to launch self-driving truck in 2022 

By: Irma Venter     10th September 2021 Bell Equipment will launch its first autonomous articulated dump truck (ADT) on the global market next year, says Bell Equipment CEO Leon Goosen. The truck will also be available in South Africa. 

Image of Bell ADT trucks
The Bell ADT

Iron-ore set for second weekly loss on China demand collapse

By: Reuters     10th September 2021 Iron-ore futures in top steel producer China dropped on Friday to head for a second consecutive weekly loss, with the benchmark Dalian price hovering near its lowest in seven months on fears of more steel production curbs. The most-traded January iron-ore on the Dalian Commodity Exchange ended... 

Palladium plunges to 12-month low on automaker-demand concerns

By: Bloomberg     10th September 2021 Spot palladium dropped to the lowest in more than a year, extending a slump in the metal amid concern over demand from automakers and prospects for substitution after a price-run-up earlier this year. Palladium, which reached a record high earlier in May, fell for a fourth straight day to the... 

Gold finishes August slightly lower than last, marginal ETF weakness

By: Simone Liedtke     9th September 2021 Despite a small-hours flash crash, gold finished August only slightly lower month-on-month, down 0.6% in dollars, on firmer interest rates and marginal exchange-traded fund (ETF) weakness, the World Gold Council (WGC) reports. This is despite growing Covid-related concerns, particularly in... 

World nuclear energy use to grow over next 20 years, requiring increased uranium mining

By: Rebecca Campbell     9th September 2021 The World Nuclear Association (WNA) has forecast that worldwide nuclear energy generation capacity will grow by 2.6% a year over the next 20 years. The prediction is contained in the WNA publication The Nuclear Fuel Report: Global Scenarios for Demand and Supply Availability 2021-2040, which was... 

An image of drill rigs exploring for uranium
Uranium mining and production at Katko, in Kazakhstan.

Plans unfolding to rail manganese more efficiently – ARM 

By: Martin Creamer     9th September 2021 Diversified mining company African Rainbow Minerals (ARM) is looking to upgrading its private rail siding from 60 t to 100 t rail wagons so that it can transport manganese ore to the Port of Saldanha in a much more efficient way. Currently, the private rail siding at the Black Rock mine in the... 

Screenshot of Andre Jourbert of ARM taken during presentation of FY2021 results.
Photo by Creamer Media
ARM Ferrous CE Andre Joubert

Hydrogen uptake to lag for the next decade - consultancy

By: Esmarie Iannucci     9th September 2021 Global hydrogen adoption in new sectors is expected to be modest over the next ten years, global consultancy Partners in Performance said on Thursday. Speaking at the Hydrogen and Mines virtual summit, Australia and New Zealand regional energy transition lead, Peter Mann, said, the uptake of... 

Conservation body calls for global moratorium on deep-sea mining

By: Reuters     9th September 2021 Environment officials and campaigners have called for a global moratorium on deep-sea mining and on issuing new exploration contracts unless marine ecosystems can be effectively protected. Thousands of conservationists, scientists, and diplomats voted in favour of the moratorium late Wednesday at... 

Platinum demand strengthening – WPIC  

By: Martin Creamer     9th September 2021 Platinum demand appears to be strengthening on increased loadings, particularly in China’s strong-selling heavy-duty vehicles, more substitution of palladium by platinum, and greater investor interest, particularly with platinum’s links to the hydrogen economy. That is an overall outlook summary... 

Pic of WpIC research head
Platinum demand strengthening – WPIC

Fuel cell maker says China is an increasingly promising market for hydrogen

By: Marleny Arnoldi     8th September 2021 Hydrogen fuel cell maker Refire sees strong potential for fuel cell electric vehicle (FCEV) growth in China, particularly as the new energy vehicle (NEV) industry will expand under the country’s 2060 carbon neutral directive. According to China Association of Automobile Manufacturers (CAAM)... 

Fuel cell maker says China is an increasingly promising market for hydrogen

UAE, Zimbabwe sign pact that may see Victoria Falls gold market

By: Bloomberg     8th September 2021 The Dubai Gold & Commodities Exchange and Zimbabwe’s Victoria Falls Stock Exchange signed a memorandum of understanding that may lead to the establishment of a gold market in the African country. Zimbabwe wants to open the exchange in a bid to create a reference market that will see miners... 

Shut Nkomati Nickel has good-grade, long-life underground potential – ARM  

By: Martin Creamer     8th September 2021 The large underground resource that remains at the shut Nkomati Nickel mine in Mpumalanga provides optionality depending on market conditions, says African Rainbow Minerals (ARM) CEO Mike Schmidt. The Nkomati mine, located near Machadodorp, has been on care-and-maintenance since March as the... 

Creamer Media screenshot of Mike Schmidt when he was presenting ARM's financial results in September 2021
African Rainbow Minerals CEO Mike Schmidt reports on Nkomati Nickel covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Platinum jewellery demand held up well in the second quarter 

By: Marleny Arnoldi     7th September 2021 The latest Platinum Jewellery Business Review, published by Platinum Guild International (PGI), shows that platinum jewellery remains resilient amid a still challenging situation in retail in most markets. Particularly, PGI reports that branded collections are doing well, despite headwinds from... 

Gold contributing towards efforts to achieve UN SDG 3  

By: Tasneem Bulbulia     7th September 2021 The gold industry is committed to supporting the achievement of the UN Sustainable Development Goals (SDGs), but the Covid-19 pandemic has severely impacted the progress being made towards achieving the SDGs, the World Gold Council (WGC) notes. It highlights that this has made the contributions... 

Extractives sector moves to turn the tide on corruption

By: Creamer Media Reporter      7th September 2021 Governments, business and civil society are uniting in the fight against corruption in the extractives sector, demonstrating support and commitment for beneficial ownership transparency. The Extractive Industries Transparency Initiative (EITI) reports that anonymous ownership of companies can be... 

A photo of an openpit mining operation

Botswana copper miner Khoemacau giving attention to ESG silver lining  

By: Martin Creamer     7th September 2021 Khoemacau Copper Mining of Botswana, which is ramping up to nameplate throughput of 3.65-million tonnes a year, is also giving attention to environmental social and governance (ESG) matters that include considerable renewable energy generation and promising community development initiatives. In... 

Picture from Cupric Canyon Capital and Khoemacau Copper Mining CEO Johan Ferreira
Cupric Canyon Capital CEO Johan Ferreira interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Weekly South African Coal Report

6th September 2021 The September roll-over sees a massive jump in spot monthly prices, with a further strengthening of the forward curve, which remains significantly backwardated. The story of coal’s meteoric price rise in 2021 has been one of expensive natural gas and underperforming renewables in the face of... 

An image of the latest coal prices

Nissan develops technology to halve recycling cost of rare earths

By: Reuters     3rd September 2021 Japan's Nissan Motor Co has developed a new technology to halve the cost of recycling rare earths used in magnet motors for electric vehicles (EVs), the company said on Friday. With tension simmering between China and the United States, automakers are trying to reduce their reliance on a key... 

Obscure precious metal takes centre stage for platinum giants

By: Bloomberg     3rd September 2021 The rise of rhodium, the world’s most expensive precious metal, has made it the No. 1 revenue stream of the biggest platinum miners. While the metal is well shy of its March peak, rhodium still accounted for 45% of Anglo American Platinum’s first-half revenues. That’s more than platinum and... 

Obscure precious metal takes centre stage for platinum giants

Implats reports record financial results

By: Martin Creamer     2nd September 2021 Platinum group metals (PGMs) company Implats on Thursday reported record financial results for the 12 months to June 30, driven by higher volumes sold into a strong PGMs pricing environment. A final dividend of R12 a share was declared, bringing the total dividend for the full year ended June 30... 

Picture of Nico Muller, the CEO of Implats, a producer of PGMs
Implats CEO Nico Muller
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