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Gold sets another record high above $2 300 after Powell comments
Gold sets another record high above $2 300 after Powell comments
4th April 2024 By: Bloomberg

Gold set another record high above $2 300 an ounce on the likelihood the Federal Reserve will cut interest rates this year, and sustained demand from central banks. Bullion touched a peak of $2... 


ARM Executive Chairperson Dr Patrice Motsepe
South Africa’s ARM to acquire 15% of Canada’s Surge Copper
3rd April 2024 By: Martin Creamer

Diversified mining company African Rainbow Minerals (ARM) has entered into a subscription agreement for a private placement financing with Surge Copper, a Canadian company that is advancing an... 


Nedbank CIB Markets Research Head Arnold van Graan.
Current low PGM prices not reflective of supply/demand fundamentals – Nedbank CIB
2nd April 2024 By: Martin Creamer

Platinum group metals (PGM) prices, where they are now, do not reflect the medium to long-term supply demand fundamentals. Instead, they are driven by short-term distortions, which imply that a... 


Brand new fuel cell is platinum-catalysed.
New platinum-based hydrogen fuel cell as cheap to make as conventional car engine
2nd April 2024 By: Martin Creamer

The brand-new platinum-catalysed hydrogen fuel cell system that has just been released for passenger cars reveals that fuel cells can be as cheap to manufacture as internal combustion engines... 


Copper rises on nascent optimism over outlook for China economy
2nd April 2024 By: Bloomberg

Copper advanced to the highest level in more than a week as investors weighed upbeat factory data from top consumer China and the potential for output cuts by the country’s leading smelters.... 


Gold hits record on Fed cut outlook and geopolitical tension
Gold hits record on Fed cut outlook and geopolitical tension
2nd April 2024 By: Bloomberg

Gold rose to a record as the second quarter kicked off, extending a rally that’s been driven the Federal Reserve edging closer to rate cuts and deepening geopolitical tensions. Bullion jumped as... 


Sasscal Executive Director Dr Jane Olwoch
More green hydrogen insight on way as Southern African scientists head to Germany
28th March 2024 By: Martin Creamer

Twelve scientists from Southern African Development Community (SADC) countries will head to Germany in May, where they will have an opportunity to obtain more in-depth insight into green hydrogen... 


Rio Tinto releases details of taxes, royalties paid in 2023 
Rio Tinto releases details of taxes, royalties paid in 2023 
28th March 2024 By: Creamer Media Reporter

Diversified mining company Rio Tinto has paid $8.5-billion in taxes and royalties globally in 2023, the majority of which was paid in Australia.  The 2023 amount compares with $10.8-billion paid... 


Copper 360 CEO Jan Nelson.
DRDGOLD to determine economic viability of copper recovery from Copper 360’s tailings dams
27th March 2024 By: Martin Creamer

Northern Cape copper company Copper 360 announced on Wednesday that it has signed a memorandum of understanding (MOU) with DRDGOLD’s Far West Gold Recoveries tailings retreatment subsidiary to... 


Master Drilling CEO Danie Pretorius.
Mechanical cutting is going to be key for mining going forward – Master Drilling
26th March 2024 By: Martin Creamer

Mechanical cutting, in which huge progress is being made, is going to be key for the mining industry going forward, Master Drilling CEO Danie Pretorius emphasised on Tuesday, when his Johannesburg... 


Goldman says commodities to benefit as central banks cut rates
26th March 2024 By: Bloomberg

Commodities will advance this year as central banks in the US and Europe move to reduce interest rates, helping to support industrial and consumer demand, according to Goldman Sachs Group Inc. Raw... 


At Harmony Gold's Eva copper project in Australia.
Harmony’s Eva copper mine project in Australia granted special ‘prescribed’ status
25th March 2024 By: Martin Creamer

The copper mining project that Johannesburg Stock Exchange-listed Harmony Gold is developing in Australia has been granted special ‘prescribed project’ status in recognition of its social and... 


The energy-efficient Lion ferrochrome smelter.
Ferrochrome benchmark price settles higher
25th March 2024 By: Martin Creamer

The European benchmark ferrochrome price for the second quarter of this year has been settled at $1.52/lb, 5.6% up on the first three months of 2024, Merafe Resources informed shareholders on... 


Uranium’s 22% price plunge is bottoming out on nuclear future
Uranium’s 22% price plunge is bottoming out on nuclear future
25th March 2024 By: Bloomberg

Uranium may have lost some sizzle after an electrifying 10-month rally, but analysts and investors aren’t losing faith in the long-term prospects of the nuclear fuel. After a 22% decline over six... 


Coal is preparing for a long goodbye
Coal is preparing for a long goodbye
25th March 2024 By: Bloomberg

More than two years after climate negotiators first attempted to consign coal to history, the dirtiest fossil fuel is having a moment. Thanks to a combination of China’s energy insecurity —... 


AECI CEO Holger Riemensperger. Picture: Hush Naidoo.
Expect digital unveiling, more innovation, greenness from 100-year-old mining-wired AECI
22nd March 2024 By: Martin Creamer

Mining explosives and chemicals company AECI, which turned 100 this week, will be unveiling a digital strategy for the mining market during the course of this year. It is also looking to become... 


Small-scale mining operations
LBMA seeking to integrate small and artisanal miners into the legitimate gold supply chain
22nd March 2024 By: Rebecca Campbell

Independent precious metals authority LBMA has launched a major initiative to support the integration of artisanal and small-scale mining (ASM) into the legitimate global gold supply chain, through... 


Glencore nonexecutive director John Wallington
Glencore bids Coates farewell, appoints Wallington nonexec director
22nd March 2024 By: Marleny Arnoldi

Global miner Glencore has announced the retirement of board member Peter Coates effective May 29, after a 30-year association with Glencore. He joined the Glencore board in 2011 and has served as... 


Namibia Mines and Energy Minister Tom Alweendo (left) and German Federal Minister for Economic Affairs and Climate Protection Dr Robert Habeck.
$10-billion Namibian green hydrogen project receives major German boost
22nd March 2024 By: Martin Creamer

Namibia’s first gigawatt scale green hydrogen project – the $10-billion Hyphen development scheme – this week received a major boost from Germany. The boost came in the form of the German... 


Glencore's head office
More investors push Glencore to keep coal post Teck deal
22nd March 2024 By: Reuters

A growing group of Glencore investors are keen for it to keep mining coal instead of spinning out the soon-to-be enlarged unit, with one eye on its financial outlook and another on the... 


Mining explosives pioneer AECI celebrating 100 years of business at the JSE.
Stage set for mining explosives centenarian to capture global top-three spot
20th March 2024 By: Martin Creamer

The stage is set for proudly South African mining explosives trailblazer, AECI, to become the third biggest in its field globally by 2030, AECI Group chairperson Dr Khotso Mokhele told an... 


Copper 360 CEO Jan Nelson.
Copper 360 output set to quickly double on Nama Copper acquisition
19th March 2024 By: Martin Creamer

Energetic Northern Cape copper mining company Copper 360 this week produced the first concentrate from the plant it has just acquired from Nama Copper, which becomes its second concentrator plant... 


Menar MD Vuslat Bayoglu.
RBCT, TFR show that private-public collaboration can work very well – Menar
19th March 2024 By: Martin Creamer

The private-sector’s Richards Bay Coal Terminal (RBCT) and the State’s Transnet Freight Rail (TFR) have shown that the private sector and State-owned entities can work together very well, Menar MD... 


Gold bars
Dirty gold can still slip into London market, rights groups say
19th March 2024 By: Reuters

The London Bullion Market Association (LBMA), which sets standards for the world’s most established gold market, needs to do more to exclude gold linked to human rights abuses or criminality from... 


Merafe CEO Zanele Matlala and FD Ditabe Chocho.
Ferrochrome producer Merafe cites green energy solutions as 2024 opportunity
18th March 2024 By: Martin Creamer

The Glencore-Merafe Chrome Venture is exploring renewable energy projects to mitigate power shortages and power costs, Merafe Resources CEO Zanele Matlala said on Monday, when the Johannesburg... 


Global commodity trading profits topped $100bn for second-best year ever
18th March 2024 By: Bloomberg

The commodity trading industry reaped its second-best year ever in terms of profits, banking over $100-billion and building up a mountain of cash to spend on assets and breaking into new markets.... 


Merafe CEO Zanele Matlala.
Merafe declares cash dividend on record profit, elevated chrome
18th March 2024 By: Martin Creamer

Ferrochrome and chrome company Merafe achieved a record profit of R1 753-million despite what it describes as a challenging economic environment in the 12 months to December 31. The board of... 


Platinum cathode required in PEM fuel cells to convert hydrogen to electricity. Heraeus infographic.
Major new gigafactory fuel cell thrust enlivening demand outlook for platinum
15th March 2024 By: Martin Creamer

A major new fuel cell thrust in North America is enlivening the outlook for platinum and helping the world advance further along the road to net zero. Emphasising that the advancement of the... 


Copper surges past $9 000 with supply threats stacking up
Copper surges past $9 000 with supply threats stacking up
15th March 2024 By: Bloomberg

Copper rallied above $9 000 a ton — its highest level in 11 months — as investors react to the risk that global supply challenges will tilt the market back into deficit. The metal, seen as a... 


Magazine cover image
Economic and geopolitical uncertainty supporting strong gold demand and prices
15th March 2024 By: Sabrina Jardim

Amid economic uncertainties and rising inflation, total gold demand, including over-the-counter (OTC) demand, reached a new record of 4 899 t in 2023, thereby supporting the highest yearly average... 


Exxaro media briefing.
Wind generation up, solar operational soon, Exxaro reports
14th March 2024 By: Martin Creamer

Group wind power generation last year increased by 8% and the Lephalale solar power project is on its way to being operational in the first quarter of next year, Exxaro CE Dr Nombasa Tsengwa... 


Exxaro CE Dr Nombasa Tsengwa.
Exxaro declares R5.4bn dividends, green energy business thriving
14th March 2024 By: Martin Creamer

Diversified mining company Exxaro, with interests in the coal, energy and ferrous markets, has declared final and special dividends. The share dividend of R10.10 a share is roughly R3.4-billion and... 


Work under way at the Black Rock manganese operation.
New level of Transnet transparency much improved – ARM
13th March 2024 By: Martin Creamer

Since the new leadership at State rail enterprise Transnet has began engaging with South Africa's mining industry, the level of transparency has been “much, much improved”, according to African... 


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