R/€ = 16.71 Change: 0.04
R/$ = 15.57 Change: 0.04
Au 1853.66 $/oz Change: -5.10
Pt 956.50 $/oz Change: 3.00

Middle East News

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... 

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

Harmony planning further 73 MW of green electricity generation  

By: Martin Creamer     1st September 2021 Like everybody else, we’re on the verge of now starting to build our renewable energy plants. That is the latest news on the decarbonisation front from Harmony Gold CEO Peter Steenkamp, who spoke to Mining Weekly in a Zoom interview. (Also watch attached Creamer Media video.) 

Screenshot of Peter Steenkamp of Harmony during one-on-one Zoom interview
Harmony Gold CEO Peter Steenkamp interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

EV push sees spike in 'ínfluencer conversations' about the issues - GlobalData

By: Tasneem Bulbulia     1st September 2021 As several countries have committed to bringing in cleaner fuelled cars in a bid to reduce dependency on fossil fuels, the demand for electric vehicles (EVs) is quickly gaining traction in automotive markets around the world. This shift towards electrification is also propelling mining and power... 

Saudi Arabia to host Future Minerals Summit in January

By: Marleny Arnoldi     31st August 2021 The Saudi Arabian Ministry of Industry and Mineral Resources has announced that the country will host the inaugural Future Minerals Summit on January 11 to 13, 2022, in Riyadh. The event will offer a one-stop-shop for investors, miners and other industry stakeholders interested in learning more... 

Opec+ sees 2021 oil deficit, 2022 surplus as supply revived

By: Bloomberg     31st August 2021 Opec and its allies expect global oil markets will continue to tighten this year even as they revive output, but then flip into surplus again in 2022. The data -- to be presented to the group’s Joint Technical Committee on Tuesday -- ought to reassure the Organization of Petroleum Exporting... 

Aluminium hurtles toward decade high as supply concerns mount

By: Bloomberg     31st August 2021 Aluminium rose for a seventh day -- to near the highest in a decade -- as deepening Chinese output cuts raised fears of a supply shortfall. The southwestern Chinese province of Guangxi, a major metals producer, will cut output of energy-intensive materials including aluminum, according to people... 

Zulti South project delay is already having negative impact – RBM 

By: Martin Creamer     30th August 2021 The fact that the Zulti South mineral sands project is not being developed is already having a real impact, says Richards Bay Minerals (RMB) MD Werner Duvenhage. This is because RMB is already unable to fully utilise its smelting complex from a capacity perspective because ore grades in Zulti... 

Pic of RBM furnaces
Richards Bay Minerals smelting facility.

Global iron-ore production growth will accelerate in the coming years – Fitch Solutions

By: Simone Liedtke     27th August 2021 Global iron-ore production growth will accelerate in the coming years, which research firm Fitch Solutions Country Risk and Industry Research says will “bring an end to the stagnation that has persisted” since iron-ore prices hit a decade-low average of $55/t in 2015. The firm forecasts that... 

An image of machinery operating on an iron-ore mine in Australia.

New horizons for uranium as a green metal – Sibanye-Stillwater  

By: Martin Creamer     26th August 2021 Precious and green metals portfolio company Sibanye-Stillwater on Thursday presented new horizons for uranium, which it described as a significant element in its green metals portfolio. Speaking after the company shot the lights out with record dividend-rich financial results, Sibanye-Stillwater... 

Creamer Media picure of Neal Froneman
Precious and green metals portfolio company Sibanye-Stillwater on Thursday presented new horizons for uranium.

Sibanye-Stillwater shoots lights out with super record performance 

By: Martin Creamer     26th August 2021 Precious metals mining company Sibanye-Stillwater  on Thursday delivered another record financial performance for the six months ended June 30. The JSE- and New York-listed company headed by Neal Froneman reported significantly higher production year-on-year from the South African platinum group... 

Creamer Media picture taken of Neal Froneman
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

ICMM releases updated water reporting guide 

By: Simone Liedtke     25th August 2021 The International Council on Mining and Metals (ICMM) has launched an updated ‘Water Reporting: Good Practice Guide’ to improve the quality and consistency of corporate water reporting and enhance stakeholders’ understanding of, and ability to use, water reports and associated data. The new... 

Pic/Image of Water bubbles.

China eyes $1tr of minerals with risky bet on Taliban

By: Bloomberg     25th August 2021 When the US invaded Afghanistan in 2001, the global economy looked a lot different: Tesla wasn’t a company, the iPhone didn’t exist and artificial intelligence was best known as a Steven Spielberg film. Now all three are at the cutting edge of a modern economy driven by advancements in high-tech... 

An image of mountains in Afghanistan.

Aluminium near three-year high as disruptions tighten market

By: Bloomberg     25th August 2021 Aluminum traded near the highest level in more than three years as supply disruptions tightened the market. The metal has surged 32% this year, second only to tin among the six base metals traded on the London Metal Exchange, propelled by a global economic recovery that’s expected to fuel... 

An image showing stacks of aluminium.

Iron-ore jumps as bets on economic recovery fuel demand optimism

By: Bloomberg     24th August 2021 Iron-ore surged on expectations a recovery in economic growth, including additional support from the Chinese government, will boost demand for steel. Futures in Singapore rebounded as much as 10% as a potential boost to the U.S. vaccination drive lifted sentiment across assets from stocks to base... 

With Richards Bay Minerals operations resuming is there still hope for Zulti South? 

By: Martin Creamer     24th August 2021 Diversified mining company Rio Tinto announced on Tuesday that it had commenced the process of restarting operations at Richards Bay Minerals, in KwaZulu-Natal. This follows a stabilisation of the security situation around the mine, supported by the national and provincial government, as well as... 

A picture showing flaming mineral sands metals at Richards Bay Minerals in KwaZulu-Natal.
Activity at Richards Bay Minerals.

Australia, Guinea to drive bauxite production growth trend

By: Marleny Arnoldi     23rd August 2021 Analytics company GlobalData says bauxite is poised to continue on a growth trajectory globally, with production expected to increase by 3.8% year-on-year this year to reach 372-million tonnes. This follows a 1.2% rise in bauxite output recorded in 2020 to 359-million tonnes.  

IDC in discussion on the introduction of an exploration fund – Demana   

By: Martin Creamer     23rd August 2021 The Industrial Development Corporation (IDC) is in discussion on the introduction of a fund to underpin much-needed exploration in South Africa. This was stated by Reginald Demana, the IDC’s head of mining and metals, infrastructure and energy, in a wide-ranging Zoom interview with Mining Weekly.... 

Reginald Demana picture from files
IDC Mining, Metals, Infrastructure & Energy Head Reginald Demana interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Taliban's return clouds long-delayed plans for Afghanistan's resources

By: Reuters     19th August 2021 China is warily eyeing the resumption of some Afghan resource projects but it will take years before the infrastructure is ready while security issues threaten to once again stall projects, according to state media and industry sources. Afghanistan's vast mineral wealth - including large reserves... 

An image of a fighter in Afghanistan

Gold Fields' half-year earnings up 33%, interim dividend lifted

By: Martin Creamer     19th August 2021 Gold mining company Gold Fields on Thursday announced 33% higher normalised half-year earnings to $431-million, which has opened the way for the declaration of an increased interim dividend. In line with its policy of paying  between 25% and 35% of normalised profit as dividends, the... 

Picture of Gold Fields CEO Chris Griffith provided
Gold Fields CEO Chris Griffith

Most miners are falling short of carbon cuts needed for UN goal

By: Bloomberg     18th August 2021 The mining industry is falling short on cutting greenhouse-gas emissions enough to limit global warming, even after stepping up efforts to help combat climate change. Only 11 out of 46 metal and mining companies analysed by Bloomberg Intelligence have carbon-reduction targets that match levels... 

South Africa on verge of nice breakthroughs in hydrogen, says new SAIMM president  

By: Martin Creamer     17th August 2021 South Africa is on verge of nice breakthroughs in hydrogen, says newly elected Southern African Institute of Mining and Metallurgy (SAIMM) president Isabel Geldenhuys. Speaking to Mining Weekly in a Zoom interview, Geldenhuys expressed the view that all the big mines with big moving machinery... 

An image of new SAIMM president Isabel Geldenhuys
South African Institute of Mining and Metallurgy president Isabel Geldenhuys interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Industrial 5G can unlock mining efficiency

By: Simone Liedtke     17th August 2021 Industrial 5G is unlocking efficiency in mining for improved productivity, safety, environmental sustainability and global competitiveness. These impacts will be realised through the introduction of next-generation mining technology, called Next Generation Mining (NGMining). 

EV makers eye bigger battery-metals role by inking mining deals

By: Bloomberg     17th August 2021 Electric vehicle (EV) makers are pushing for an intermediary role in mining to secure supplies of key battery metals, according to the head of Wheaton Precious Metals Corp. “We’ve had discussions on that and Tesla has definitely explored these options,” CEO Randy Smallwood said Friday in a phone... 

Wheaton Precious Metals CEO Randy Smallwood
Wheaton Precious Metals CEO Randy Smallwood

Weekly Coal Index Report

16th August 2021 If South African coal exporters are buzzing with excitement at spot prices of around $140/t, they are surely eyeing their Australian counterparts with sweaty palms. At just over $170/t, Newcastle is near its record highs, whilst Indonesian coal, favoured by China after its Australian ban, has... 

An image of the spot coal prices for July and August

Barrick takes on surface haul truck electrification challenge 

By: Marleny Arnoldi     16th August 2021 Global miner Barrick Gold Corporation has joined an industry-wide effort to cut emissions from surface mining, called Charge on Innovation Challenge. The challenge takes the form of a global competition and seeks to leverage the experience of various industries to develop new concepts and... 

A photo of Mark Bristow, the president and CEO of Barrick Gold
Photo by Bloomberg
Barrick president and CE Mark Bristow

Thermal coal price recovery buoys Thungela maiden interim  

By: Martin Creamer     13th August 2021 New coal mining company Thungela Resources on Friday reported interim results for the six months ended June 30 after one month of operating as an independent business. Thungela generated half-year operating profit of R990-million, adjusted earnings before interest, taxes, depreciation and... 

Picutre of Thungel CEO provided by Thungela
Thungela CEO July Ndlovu

Exxaro ups coal volume at risk owing to Transnet challenges to three-million tonnes  

By: Martin Creamer     12th August 2021 Based on current performance, coal-mining company Exxaro has upped the second half of the year volume of coal at delivery risk, owing the ongoing Transnet Freight Rail (TFR) challenges, to three-million tonnes. “Previously we have highlighted what we believe will be the amount of volumes that... 

Screenshot taken during Exxaro Aug 2021 presentation
Exxaro half-year results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Coal miner Exxaro to spell out decarbonisation strategy on Sept 20  

By: Martin Creamer     12th August 2021 The investment by diversified coal, energy and ferrous resources group Exxaro Resources in the renewable energy company Cennergi will further support the company’s decarbonisation strategy, Exxaro CEO Mxolisi Mgojo said when the JSE-listed company reported sterling half-year financial results... 

Screenshot of Exxaro CEO during presentation of half-year 2021 results.
Exxaro half-year results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

First phase of global technology challenge a major success - BHP

By: Esmarie Iannucci     12th August 2021 Diversified miner BHP this week revealed that the Charge On Innovation Challenge, had received overwhelming response in its preliminary phase, which closed at the end of July. BHP said that 21 mining companies had joined as patrons, with over 350 companies from across 19 industries registering... 

Exxaro ups interim dividend on higher half-year income inflows

By: Martin Creamer     12th August 2021 Diversified coal, energy and ferrous resources group Exxaro on Thursday announced a substantially higher interim dividend on iron-ore boosted half-year income inflows in the six months to June 30. Headline earnings leapt 105% to R6 804-million on the 180% increase to R4 062-million in... 

Image of a wind farm deveoped by Exxaro's Cennegi.
Photo by Creamer Media
Exxaro's renewable energy business Cennergi helped to lift half-year revenue.

Iron-ore prices starting to weaken, mine supply rising – Fitch Solutions

By: Marleny Arnoldi     11th August 2021 The iron-ore price rally is finally starting to show signs of weakening, which will continue into coming months, says research agency Fitch Solutions. The agency explains that demand strength from Chinese steel producers witnessed in the first half of the year is stabilising as stimulus-related... 

Friendly South African face could quickly attract exploration investment – Bristow 

By: Martin Creamer     11th August 2021 South Africa looks a lot like the global gold mining industry in that it has not encouraged reinvestment in its mining industry’s future, says Barrick Gold president and CE Dr Mark Bristow. "In fact, if anything, South Africa has harvested what it received back in 1994," adds Bristow, a hugely... 

A picture of Mark Bristow, taken from quarterly Barrick presentation on August 9, 2021
Photo by Creamer Media
Barrick president and CE Dr Mark Bristow.

Fitch Solutions expects a good year for tin output amid price rally

By: Marleny Arnoldi     10th August 2021 Market research firm Fitch Solutions says high prices and less interruption from Covid-19 are driving tin mine production growth this year. This is a positive turn on the 1.3% year-on-year contraction in tin mine output recorded in 2020. 

Tin ore
Photo by Bloomberg
Tin ore

Major new climate report puts pressure on COP26 to ‘consign coal to history’

By: Bloomberg     9th August 2021 A landmark report by climate change scientists released Monday is expected to ratchet up the pressure on world leaders to rapidly end the use of polluting fossil fuels. Some of the most important readers of the 3 949-page report by the United Nations-backed Intergovernmental Panel on Climate... 

A coal-fired power station owned and operated by South African power utility Eskom
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