https://www.miningweekly.com
R/€ = 18.1298 Change: -0.0026
R/$ = 17.1738 Change: -0.0038
Au 1789.27 $/oz Change: 3.39
Pt 1009.00 $/oz Change: 2.51
 

Middle East News

Foreseen renewables demand providing opportunity for job creation, just energy transition 

By: Martin Creamer     10th February 2022 Demand already foreseen is providing South Africa with the far-reaching and very welcome opportunity to create sufficient new jobs – “and then some” – to ensure a just energy transition away from the country’s current climate-threatening carbon intensity, Mining Weekly can report. South Africa’s... 

Glencore clinches marketing relationship with US metals business 

By: Martin Creamer     9th February 2022 Diversified mining and marketing company Glencore has entered a strategic global marketing relationship with United States Strategic Metals, formerly Missouri Cobalt. Involved is a long-term offtake agreement for 100% of the US company’s products, which include cobalt and nickel sulphates,... 

Screenshot image on website of US Strategic Metals
Cobalt processing plant.

Anglo starts up new metallurgical coal mine 

By: Martin Creamer     9th February 2022 Diversified mining company Anglo American announced on Wednesday that its new Aquila mine has achieved its first longwall shear of steelmaking metallurgical coal on schedule and on budget, marking the project’s final stages of construction and commissioning. The new mine, which will have a total... 

Supplied picture
Anglo American Bulk Commodities CEO Themba Mkhwanazi

Lithium’s feast-or-famine future keeps EV makers guessing

By: Bloomberg     9th February 2022 Lithium’s vital role in electric-vehicle batteries means automakers, miners and investors are racing to figure out how much supply the world will need in the coming years -- and also how much it’s going to get. The problem is the predictions vary wildly. The metal’s price has surged fivefold in... 

Metals, engineering need govt support to ensure sustainable economic recovery

By: Martin Creamer     8th February 2022 South African businesses in the metals and engineering sector have faced enormous challenges over the past few years, with the Covid-19 pandemic compounding an already difficult situation, Steel and Engineering Industries Federation of Southern Africa (Seifsa) said on Tuesday. Seifsa is a... 

Picture supplied
Seifsa CEO Lucio Trentini

Fifteen banks now steering clear of East African oil project, says Just Share

By: Martin Creamer     8th February 2022 Four out of five of South Africa’s largest lenders have confirmed that they will not be involved in the financing of the East African Crude Oil Pipeline project, taking the total number of non-participating commercial banks globally to 15. Shareholder activism organisation Just Share stated in a... 

Directors face potential liability for climate change risks – Webber Wentzel 

By: Martin Creamer     8th February 2022 Directors face potential liability if they fail to carry out their fiduciary duties to curb climate change risks and do not make complete disclosures about climate-related risks, Webber Wentzel partner Merlita Kennedy and associate Tobia Serongoane stated on Tuesday. In a release to Mining... 

Creamer Media montage
Webber Wentzel associate Tobia Serongoane (left) and partner Merlita Kennedy.

Marine phosphate project being progressed in line with court ruling 

By: Martin Creamer     8th February 2022 Steps are being taken to progress the Sandpiper marine phosphate project offshore of Namibia in compliance with last year’s High Court ruling, Namibian Marine Phosphate stated on Tuesday. The High Court confirmed the ongoing validity of Namibia Marine’s mining licence on June 30, 2021, and an... 

Creamer Media screenshot
Project development phases to be completed.

Rare earth prices set to keep on the boil after sharp rally

By: Reuters     7th February 2022 Prices of rare earths needed for electric vehicles (EVs) are set to keep sizzling this year on the back of buoyant sales of EVs, uncertainty about supply from Myanmar and razor-thin stockpiles. The Chinese price of praseodymium-neodymium alloy used to make super strong magnets used in EV motors... 

Goldman commodity veteran says he’s never seen a market like it

By: Bloomberg     7th February 2022 Jeff Currie, the closely-followed head of commodities research at Goldman Sachs Group says he’s never seen commodity markets pricing in the shortages they are right now. “I’ve been doing this 30 years and I’ve never seen markets like this,” Currie said in a Bloomberg TV interview. “This is a... 

An image of coal on a conveyor

Mining gets under way at Alara’s Oman project

By: Esmarie Iannucci     7th February 2022 Mining activities has started at ASX-listed Alara Resources’ Al Washi-hi-Majaza copper/gold project, in Oman. Alara, which holds a 51% interest in the project, on Monday said that the initial mining activities comprise pre-stripping of waste from the first stage of the operation, with ore... 

Jammed in a cage with no escape, women suffer mining’s dark side

By: Bloomberg     7th February 2022 Noxolo Bobotyane, a veteran of more than a decade in South Africa’s gold fields, has seen first hand how women are sexually harassed as they start their shifts each day. Jammed into a metal cage with other mineworkers as they descend deep below the earth’s surface, there is literally no way out.... 

Gold heads for weekly gain as stocks drop before US jobs data

By: Bloomberg     4th February 2022 Gold headed for a weekly advance as US equities fell after Meta Platforms suffered a historic share-price rout, while investors awaited a key jobs report for more clues on the Federal Reserve’s monetary policy path. The Facebook parent plunged 26% Thursday on the back of woeful earnings results,... 

Electric vehicles drive up nickel, cobalt and lithium prices

By: Reuters     4th February 2022 Accelerating sales of electric vehicles have fuelled a scramble for nickel, cobalt and lithium, propelling prices of the battery materials to multi-year highs Phasing out internal combustion engine (ICE) cars in favour of electric vehicles is part of the energy transition and efforts to cut... 

Renewables come in at less than half of what we’re paying for energy – Anglo 

By: Martin Creamer     3rd February 2022 Failure to wholeheartedly embrace the generation of renewable energy is out-and-out business folly. Anglo American and Engie made this perfectly clear on Thursday when they revealed that renewables come in at less than half the price of South Africa’s currently high-priced carbon-intensive power... 

Creamer Media screenshot during webinar
Photo by Creamer Media
From left, Natascha Viljoen, Jonathan Debasc and Fahmida Smith.

Glencore enters battery recycling JV, targeting renewable-powered facility 

By: Martin Creamer     3rd February 2022 Diversified mining and marketing company Glencore has entered a battery recycling joint venture (JV) with strategic partner and battery pioneer Britishvolt, a UK battery cell technologies and research and development investor.   

Screenshot
Britannia Refined Metals operation in Northfleet, UK.

Glencore reports 43% higher ferrochrome production  

By: Martin Creamer     2nd February 2022 Diversified mining and marketing company Glencore on Wednesday reported 43% higher ferrochrome production in its full year 2021 production report.   

Picture supplied
Gary Nagle

Mpumalanga just transition being investigated by Ubuntu-hearted solar masterminds  

By: Martin Creamer     1st February 2022 An organisation which is providing un-electrified informal settlements with clean, green solar power in the Western Cape – in Ubuntu-hearted fashion – has begun to investigate just energy transition opportunities in Mpumalanga, where South Africa’s coal-mining and coal-fired power is facing... 

Green power project manager to un-electrified informal settlements Reshmi Wolvers
GreenCape project manager Reshmi Wolvers interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

The squeeze in the nickel market is getting worse

By: Bloomberg     1st February 2022 The nickel market is showing more signs of stress. Stockpiles held by the London Metal Exchange extended their decline on Tuesday, with the last increase coming in October. Buyers are paying a massive premium for immediately deliverable futures. The key cash three-month spread, which briefly... 

Gold back above $1 800-mark on firmer investment demand

By: Reuters     1st February 2022 Gold prices firmed above the key $1 800-level on Tuesday as investment demand strengthened, with a weak US dollar and Treasury yields offering further support. Spot gold rose 0.6% to $1 806.32 per ounce by 10:38 GMT. US gold futures climbed 0.6% to $1 807.40. 

Infinity Logistics to buy Glencore's warehousing operation for $177m

By: Reuters     1st February 2022 Infinity Logistics and Transport Ventures has agreed to buy Glencore's warehousing and logistics business Access World for $176.7-million, it said on Monday in a regulatory statement. Switzerland-based Access World handles about 20-million tonnes of commodity products a year, including oil and... 

South Africa needs to embrace Ubuntu principles in going green, webinar hears 

By: Martin Creamer     31st January 2022 In decarbonising and going green, South Africa needs to embrace the principles of Ubuntu and show humanity towards others. That view was expressed by Gold Fields South Africa executive VP Martin Preece during the 'Decarbonisation & Going Green in the Mining Sector' webinar hosted by Creamer Media... 

Screenshot by Creamer Media
Photo by Creamer Media
From top left, clockwise, are Abel Sakhau, Martin Preece, Jevon Martin, Nikisi Lesufi and James Mackay.

Gold set for worst month since September on Fed rate-hike prospects

By: Reuters     31st January 2022 Gold prices fell on Monday and were set for the biggest monthly drop since September as markets anticipated higher US interest rates, while a stronger dollar added to the pressure. Spot gold was down 0.1% at $1 790.00 per ounce by 08:40 GMT, taking its monthly drop to more than 2%. US gold... 

Gold demand hits highest level in more than two years, council says  

By: Tasneem Bulbulia     28th January 2022 Market development organisation the World Gold Council’s (WGC’s) latest ‘Gold Demand Trends’ report shows that yearly demand, excluding over-the-counter markets, has recovered many of the Covid-19-induced losses from 2020 to reach 4 021 t for the 2021 full-year. Demand for gold reached 1 147 t in... 

An image showing a gold bar
Photo by Bloomberg
Gold bar

Global coal prices surge as Ukraine tensions worsen supply woes

By: Reuters     28th January 2022 Global coal prices have shot back towards record highs as the Ukraine crisis raises expectations that European buyers will start loading up on the fossil fuel for fear that a standoff between Russia and western nations will cut off gas supplies. The benchmark Newcastle coal index has soared by... 

Switch to platinum by automakers will weigh on palladium prices

By: Reuters     28th January 2022 Platinum prices are expected to steadily rise over the next two years and palladium prices to gradually fall as automakers switch to using platinum in autocatalysts to cut costs, a Reuters survey Thursday showed. Both metals are used in engine exhausts, where they neutralise harmful emissions.... 

Speed up solar, wind and storage developments – Easton   

By: Martin Creamer     27th January 2022 A speeded up solar, wind and storage (SWS) approach is needed to advance South Africa’s decarbonised energy situation and take the country into a cleaner, greener future. Also, steps need to be taken to allow the delayed Tubatse pumped storage scheme to go ahead as an independent power producer... 

Picture supplied
Retired civil engineering construction cost consultant David Easton interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Anglo increases copper guidance for 2022 as Peru mine comes online

By: Marleny Arnoldi     27th January 2022 Global miner Anglo American says its production for the fourth quarter of 2021 was flat compared with output in the fourth quarter of 2020. CEO Mark Cutifani noted on January 27 that operating levels across the group had been at about 95% of normal capacity throughout 2021 as a result of... 

Anglo CEO Mark Cutifani
Anglo CEO Mark Cutifani

Politics are turning against copper miners, Freeport-McMoRan says

By: Bloomberg     27th January 2022 The task of ramping up copper supply to meet growing demand in the clean-energy transition is getting harder as societies and communities resist new mines and politicians seek a bigger share of the profit, said Freeport-McMoRan boss Richard Adkerson. While the outlook for copper is getting... 

An image of Freeport CEO Richard Adkerson
Freeport CEO Richard Adkerson

Palladium soars as Russia tension sparks investor rush for metal

By: Bloomberg     27th January 2022 Palladium soared to the highest in four months, with traders looking to secure supplies amid growing tensions over Ukraine as Russia, the top metal producer, amassed troops near the border. The metal that’s mostly used in catalytic converters rose as much 8.3% on Wednesday, extending this year’s... 

Hydrogen roadmap targeting societal well-being, North West conference told  

By: Martin Creamer     26th January 2022 In terms of high-level outcomes, the vision of South Africa’s Hydrogen Society Roadmap is to create an inclusive, sustainable and competitive hydrogen economy to support net-zero carbon economic growth and societal well-being, Department of Science and Innovation (DSI) chief director hydrogen and... 

Creamer Media screenshot
North West Mining and Energy Conference covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Gold wobbles as investors brace for Fed rate hike

By: Reuters     26th January 2022 Gold prices held near 10-week highs on Wednesday as investors sought the safety of bullion amid the Ukraine-Russia crisis, with a strength in US dollar weighing on the metal ahead of an imminent rate hike by the U.S. Federal Reserve. Spot gold was down 0.1% at $1 846.13 per ounce by 10:30 GMT,... 

Gold wobbles as investors brace for Fed rate hike

South Africa's RBCT exports lowest coal tonnage since 1996  

By: Martin Creamer     25th January 2022 The Richards Bay Coal Terminal (RBCT) last year exported its lowest volume of coal since 1996. In exporting 58.72-million tons of coal, RBCT was 11-milion tons down on what it achieved in 2020 and 18-million tons down on its 77-million-ton budget for the 2021 year. 

Creamer Media screenshot.
Richards Bay Coal Terminal media brief covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

These investors are sticking with gold despite easy money ending

By: Bloomberg     25th January 2022 The end of an easy-money era should normally spell bad news for gold. But right now, fund managers are keeping their holdings. At a time when equities and Bitcoin -- often touted as digital gold -- are sinking as loose monetary policy draws to a close, bullion exchange-traded fund holdings are... 

CoE to vote against mining company chairs over dam safety

By: Reuters     25th January 2022 The Church of England (CoE) Pensions Board said on Tuesday it planned to vote against the re-election of company chairs of 183 mining companies unless they sign up to a new global standard on managing mine waste. Created by a 100-strong group of investors representing $20-trillion in assets in... 

Many seeing platinum as hard asset, potential inflation hedge – WPIC  

By: Martin Creamer     24th January 2022 There are a lot more people looking at platinum as a hard asset and potential hedge against inflation, World Platinum Investment Council director of research Trevor Raymond said on Monday. Responding to Mining Weekly’s questions on what has been driving the platinum up over the last two weeks,... 

Picture supplied
WPIC Director of Research Trevor Raymond interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

There’s a buying frenzy in cheap and tiny diamonds

By: Bloomberg     23rd January 2022 A surge in diamond demand that began in the early Covid lockdowns is showing no sign of easing, and now even the cheapest, smallest stones are getting caught up in a buying frenzy. Low-end diamonds — the sort that you might find in jewellery displayed in a local WalMart — has been a tough... 

A photo of diamond sorting

Sam Molefi clinches promising contract for his impressive mining business  

By: Martin Creamer     21st January 2022 Modi Mining is a 100% black South African-owned company founded and owned by mining engineer and entrepreneur Samuel Molefi and entrepreneur Christina Motlapele Molefi. The company was established with the sole objective of rendering differentiated contract mining services and to be a supplier of... 

Picture supplied
Modi Mining MD Sam Molefi interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.
10 11 12 13
14
15 16 17 18

Latest News

more

Latest Videos

more

Latest News: Africa and Europe

Latest News: Americas

more

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now
Free daily email newsletter Register Now