https://www.miningweekly.com
R/€ = 17.16 Change: -0.09
R/$ = 14.74 Change: -0.05
Au 1809.76 $/oz Change: 27.01
Pt 1073.49 $/oz Change: 22.99
 

Middle East News

More sales of South African coal to China expected as prices rise

By: Martin Creamer     14th January 2021 About 600 000 t to 700 000 t of South African coal have already moved to China since the Asian giant ceased accepting coal from Australia and more South African coal sales to China are expected “for sure”, a top trader said in an interview with Mining Weekly. China’s power plants have been... 

BMO, Linklaters among the world's top mining M&A advisers

By: Marleny Arnoldi     14th January 2021 BMO Capital Markets has been named the top mergers and acquisitions (M&A) financial adviser in the global mining sector for 2020 by value, while Linklaters and Black Cassels & Graydon were the top M&A legal advisers by value and volume, respectively. BMO advised on 13 deals worth $4.8-billion. 

Greater govt involvement, sustainability in mining sector expected in 2021 

By: Marleny Arnoldi     14th January 2021 As mineral and metal prices, production and consumption improve this year amid a broader and deeper economic recovery from the pandemic, the outlook for miners and metal players is positive, says research agency Fitch Solutions. It notes that this year will see a mix of traditional trends... 

Greater govt involvement, sustainability in mining sector expected in 2021

Council expects gold investment, consumption to maintain strength in 2021 

By: Tasneem Bulbulia     14th January 2021 The Covid-19 pandemic raised uncertainty by compounding existing risk and creating new ones; however, the end of 2020 saw investors optimistic that the worst was over, the World Gold Council’s (WGC's) outlook for 2021 reveals. The organisation expects investors will perceive the low interest rate... 

Council expects gold investment, consumption to maintain strength in 2021

Rhodium roars above $20 000 in precious metals' biggest rally

By: Reuters     14th January 2021 Rhodium's rally to record highs shows no sign of stopping, with prices up 19% this month as auto makers that need the metal to meet tightening emissions regulations run into limited supply. Used in engine exhausts to neutralise harmful nitrous oxides, rhodium reached $20 190 an ounce on... 

Rhodium roars above $20 000 in precious metals' biggest rally

SMS Group to buy Andritz Maerz's copper furnace business

By: Donna Slater     13th January 2021 Industrial furnace company Andritz Maerz and plant supplier SMS Group have entered into an agreement to transfer the global copper furnace business, including the related intellectual property and service activities, from Andritz Maerz to SMS. SMS states that the acquisition further strengthens... 

China buying South African coal ‘could be game-changer but we shouldn’t be complacent’ 

By: Martin Creamer     13th January 2021 Normally, China does not import coal from South Africa, but 2021 has seen a shift. Shipments to mainland China were reported on Monday by the African Source Markets’ Weekly Coal Index Report. 

Richards Bay Coal Terminal, the port from which South African coal is exported
Richards Bay Coal Terminal, the port from which South African coal is exported

Gold exploration remains steady with moderate growth  

By: Donna Slater     13th January 2021 Amid falling exploration budgets across nearly all commodities, gold exploration remained steady in 2020, posting a 1% increase over 2019. Exploration was buoyed by stronger gold prices during the Covid-19 pandemic, reports research and data company Standard & Poor’s Global Market Intelligence... 

Gold among 2020's best-performing assets, says WGC 

By: Simone Liedtke     13th January 2021 Gold-backed exchange-traded funds (ETFs) and similar products had what the World Gold Council (WGC) called “a remarkable year” in 2020, as gold ETFs had recorded yearly net inflows of $47.9-billion, or 877 t, collectively increasing gold holdings by over a third and reaching all-time highs in... 

Gold among 2020's best-performing assets, says WGC

The UAE warns US shale companies against pumping more oil

By: Bloomberg     13th January 2021 Any attempt by US shale and other oil producers to boost output this year will backfire and lead to lower prices, according to the energy minister of the United Arab Emirates. Oil prices have surged in the past two months with the development of coronavirus vaccines. They jumped again last week... 

Battery metals demand expected to rise in 2021  

By: Simone Liedtke     12th January 2021 Financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions) expects the demand for key battery metals to rise in the coming year as renewable energy and technology adoption continues to pick up pace. The acceleration to a... 

Battery metals demand expected to rise in 2021

The essential role of platinum group metals in ‘greening’ the world needs highlighting 

By: Martin Creamer     12th January 2021 The ‘greenness’ that South Africa can help bestow on the world needs hard sell now, Mining Weekly can today report. While South Africa’s amazing platinum group metals (PGMs) continue their decades-long task of cleaning the air of the world’s cities in the autocatalytic convertors of vehicle... 

'Green' hydrogen and fuel cells named by Lux Research as two of top-five energy technologies.
Photo by Hyundai Truck & Bus
'Green' hydrogen and fuel cells named by Lux Research as two of top-five energy technologies.

Gold investors target 'excessive' executive payouts amid deals

By: Reuters     12th January 2021 Gold investors critical of lavish executive payouts plan to vote down compensation at upcoming annual shareholder meetings, as soaring prices for the precious metal spur dealmaking. It is the latest knock against an industry that had only recently won back investor favor after being shunned due... 

Gold investors target 'excessive' executive payouts amid deals

Danish PM to lead IEA commission on making energy transition people-centered 

By: Terence Creamer     11th January 2021 The International Energy Agency (IEA) has announced the creation of a high-level global commission, headed by Danish PM Mette Frederiksen, to investigate how to ensure that people are placed at the heart of the unfolding global clean-energy transition. Speaking during a virtual briefing on... 

Dr Fatih Birol
Dr Fatih Birol

New ‘green’ platinum project leaps out of starting blocks, will use 82% less electricity  

By: Martin Creamer     11th January 2021 The innovative new platinum group metals mining and processing project that slashes 82% off electricity use and elevates platinum to a new high level of greenness, leapt out of its starting blocks in North West province on Monday. “We’ve commenced. The tanks are rolling,” Pallinghurst managing... 

Arne Frandsen
Pallinghurst managing partner and co-founder Arne Frandsen is interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Gold edges up from six-week low as equities cool off

By: Reuters     11th January 2021 Gold on Monday bounced off a six-week trough as a rally in equities stalled, though gains were capped by a stronger dollar and higher US Treasury yields. Spot gold was up 0.1% at $1 849.64 per ounce by 10:39 GMT, after touching its lowest since December 2 at $1 816.53. Gold last week recorded... 

Gold extends biggest loss in two months on rising dollar, yields

By: Bloomberg     11th January 2021 Gold fell to extend the biggest drop in two months amid gains in the dollar, Treasury yields, and equities, with investors weighing President-elect Joe Biden’s pledge to detail plans for huge US economic aid. Bullion endured a switchback week as January got under way, with early gains getting... 

Appian Capital Advisory’s second fund reaches $775m cap

By: Simone Liedtke     10th January 2021 Investment advisor Appian Capital Advisory’s second fund was oversubscribed and reached its hard cap of $775-million following strong support from both new and existing Tier 1 investors globally. Called Fund II, the fund will pursue the same proven strategy as Appian’s first fund (Fund I),... 

Atlantic Nickel pit at night
Atlantic Nickel pit at night

Earth’s margin for error narrows after another year of record heat

By: Bloomberg     8th January 2021 Another year of record-high heat punctuated a decade-long increase in global temperatures that has placed the Earth’s economies dangerously close to climate tipping points. Those are the conclusions published Friday by European Union scientists. Despite pandemic-induced lockdowns of the global... 

Gold heads for sixth weekly gain on stimulus outlook, Fed speak

By: Bloomberg     8th January 2021 Gold headed for a sixth weekly advance, the longest run since August, as investors focused on the prospect for more stimulus. They will also be watching for Friday’s jobs report, which is forecast to show a sharp slowdown in hiring. The two Democratic wins in Georgia’s Senate runoffs this week... 

US company planning at least 500 hydrogen fuelling stations in next 3 to 5 years  

By: Martin Creamer     7th January 2021 The creation of a minimum of 500 fuelling stations to provide hydrogen to mainly trucks powered by platinum-catalysed hydrogen fuel cells is planned by a US company in the next three to five years. “We believe that everyone will be within a couple of miles of a hydrogen fuelling station in the... 

Plans under way to develop hydrogen fuelling stations for platinum-catalysed fuel cell vehicles.
Creamer Media’s Mining Weekly interviews RAGHU KILAMBI, the CEO of PowerTap, a company that provides crucial hydrogen fuelling infrastructure for fuel cell electric vehicles.

Gold outperformed many traditional reserve assets in 2020, says WGC

By: Donna Slater     7th January 2021 Gold outperformed many other traditional reserve assets in 2020, giving central banks additional firepower to stabilise markets and currencies, says World Gold Council market intelligence manager Krishan Gopaul. He adds, however, that central bank demand has become more variable in recent... 

LBMA reports record 9 452 t of gold holdings in November

By: Marleny Arnoldi     7th January 2021 The London Bullion Market Association (LBMA) reports that, at the end of November last year, there was a record 9 452 t of gold, valued at $535-billion, held in stocks. This marked the seventh consecutive month of increases in stocks. 

LBMA reports record 9 452 t of gold holdings in November

Graphite output to bounce back by 2024 after 2020 dip

By: Marleny Arnoldi     7th January 2021 Natural graphite production is expected to increase by 7.6% to 1.02-million tonnes this year, following a 15.4% year-on-year decrease to 952 600 t in 2020, reports analytics company GlobalData. It notes that graphite production had experienced a downturn in 2020 owing to mines being placed either... 

The processing plant at Syrah Resources' Balama mine in Mozambique
The processing plant at Syrah Resources' Balama mine in Mozambique

Gold mine ups return-to-work protocols as Covid infection numbers spike  

By: Martin Creamer     6th January 2021 Return-to-work protocols at South Deep gold mine have been significantly enhanced to manage the sharp rise in the number of employees testing positive for the coronavirus on return to work after the festive season. Seven hundred and fifty tests have been carried out over three-and-a-half days,... 

Gold Fields executive vice-president and head of the South Africa region Martin Preece.
Creamer Media speaks to Gold Fields executive VP Martin Preece on coronavirus at South Deep gold mine. Video: Darlene Creamer.

Net-zero emissions commitments hold benefits, but also downsides, for miners 

By: Simone Liedtke     6th January 2021 Miners are targeting massive carbon reductions over the next 10 to 15 years on the path to achieving net-zero emissions by 2050, with equity research company Jefferies warning that this implies higher costs and capital expenditure (capex), but also a trend of less supply, higher commodity prices,... 

Gold rises to eight-week high as traders await Georgia results

By: Bloomberg     6th January 2021 Gold rose to an eight-week high aided by a weaker dollar and lower real rates, as investors awaited the outcome of elections in Georgia that will determine control of the Senate and President-elect Joe Biden’s agenda. Bullion could benefit if Democrats win the two seats in the runoff contest as... 

Gold rises to eight-week high as traders await Georgia results

Hedge funds raise mining shorts as Covid vaccines seen tamping gold gains

By: Reuters     5th January 2021 Hedge funds increased bets against major gold miners, filings reviewed by Reuters showed, as Covid-19 vaccines weakened expectations for the yellow metal after a year of record gains. Gold prices have dipped from last year's record highs above $2,000 per ounce as vaccines deployed against the... 

Ramaphosa’s attendance confirmed for virtual Mining Indaba

By: Simone Liedtke     5th January 2021 President Cyril Ramaphosa has been confirmed as the third President who will attend this year's virtual Investing in African Mining Indaba, which will be held on February 2 and 3. The President will be discussing South Africa, the mining economy and the way forward for the country, which includes... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Gold near two-month high as covid angst fires up haven demand

By: Bloomberg     5th January 2021 Gold traded near an eight-week high as a surge in global coronavirus cases and curbs stoked demand for the haven, which has been supported by lower US real yields, a weaker dollar, and slumping equities. Bullion has made a strong start to the new year, with the variant strain of the coronavirus... 

New mining investment law comes into force

By: Tasneem Bulbulia     4th January 2021 Saudi Arabia has approved a comprehensive new mining law to enable growth across its growing mining and minerals sector. The new law aims to attract new investors while contributing to the development of local communities and the protection of the environment. 

Iran says it’s started process of producing 20% enriched uranium

By: Bloomberg     4th January 2021 Iran said it’s restarted the process of producing 20% enriched uranium following an order issued by President Hassan Rouhani, the semi-official Mehr News Agency reported, citing the government’s spokesman. Ali Rabiei said work had started earlier on Monday morning and the first batch of uranium... 

Gold roars out of blocks in 2021 as real yields, dollar decline

By: Bloomberg     4th January 2021 Gold surged above $1 900/OZ as lower US real yields and a weaker dollar helped the precious metal build on its biggest annual advance in a decade. Bullion climbed to the highest level in almost two months after renewed declines in real yields boosted gold’s allure. Real yields -- the difference... 

Gold roars out of blocks in 2021 as real yields, dollar decline

Capital restraint, lower mine site costs to drive down gold AISC in 2021

By: Marleny Arnoldi     4th January 2021 Research agency S&P Global Market Intelligence says that, on a by-product basis, all-in sustaining costs (AISC) for gold will continue to decline this year, on the back of a weak foreign exchange environment and tight control of sustaining capital and exploration spending. In 2019, AISC was up by... 

Capital restraint, lower mine site costs to drive down gold AISC in 2021

After golden year for precious metals, silver set to shine in 2021 

By: Reuters     4th January 2021 After a spectacular year, precious metals are set for further gains in 2021, with silver tipped to outperform, but analysts are growing more cautious about the prospects for gold as the global economy recovers from the impact of the coronavirus. The pandemic triggered stockpiling by investors... 

After golden year for precious metals, silver set to shine in 2021

Copper tops $8 000 as Goldman points to commodities super-cycle

By: Bloomberg     18th December 2020 Copper topped $8 000 a ton for the first time in more than seven years, with Goldman Sachs Group and BlackRock pointing to the start of a new long-term bull market as supply lags an expected demand boom. The market is witnessing the sharpest rally in more than a decade, with China’s appetite for... 

Copper tops $8 000 as Goldman points to commodities super-cycle

Goldman says bitcoin’s rising popularity doesn’t endanger gold

By: Bloomberg     18th December 2020 Gold and Bitcoin can coexist, according to Goldman Sachs Group, which said, while the largest digital currency may be pinching some demand from the oldest of havens, the precious metal’s standing will endure. “Gold’s recent underperformance versus real rates and the dollar has left some investors... 

Polluters make some net-zero progress, climate action 100+ says

By: Bloomberg     17th December 2020 Three years after some of the world’s biggest investors joined forces to pressure the largest producers of greenhouse gases to cut emissions, about half of them have made net-zero commitments. Climate Action 100+, an investor group with 545 members managing a combined $52 trillion of assets, said... 

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
Free daily email newsletter Register Now
Register Close