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Middle East News

Mining and Metals Blockchain Initiative launches proof of concept platform to trace emissions

By: Creamer Media Reporter      15th December 2020 The World Economic Forum’s (WEF's) Mining and Metals Blockchain Initiative (MMBI) has released a proof of concept that uses distributed ledger technology to track embedded greenhouse-gas emissions. The successful completion of the proof of concept, named the Carbon Tracing (COT) Platform will be... 

Glencore enters partnership with Tre-Altamira to expand satellite monitoring across its TSFs

By: Creamer Media Reporter      15th December 2020 Diversified miner Glencore has entered into an agreement with commercial services provider Tre-Altamira to expand satellite monitoring to more than 110 of its tailings dams worldwide, which Glencore says is the largest industry monitoring agreement to date specifically focusing on tailings... 

Gold steadies as investors track vaccine rollout, stimulus talks

By: Bloomberg     14th December 2020 Gold steadied as investors tracked the deployment of the first Covid-19 vaccines in the US and the continuation of talks over a stimulus bill. The first deliveries of the vaccine are scheduled for Monday morning and the initial lot will be in all 50 states by Wednesday, according to Gustave... 

Gold steadies as investors track vaccine rollout, stimulus talks

Rare earth producers aim to agree global environment standards in 2021

By: Reuters     14th December 2020 Producers of rare earths, under increasing pressure from their industrial buyers over longstanding pollution issues, are hammering out a single set of global environmental standards, the head of the industry association has told Reuters. Manufacturers of products such as electronic goods and... 

Anglo forecasts higher output, lower costs for 2021 

By: Creamer Media Reporter      11th December 2020 Diversified miner Anglo American expects its production for 2021 to increase by 14% year-on-year and its unit costs to decrease by 3% year-on-year. In an investor update published on December 11, the miner said it had maintain a strong performance this year, despite Covid-19-related and other... 

Anglo American CEO Mark Cutifani
Anglo American CEO Mark Cutifani

Copper-market cocktail means miners have rarely had it so good

By: Bloomberg     11th December 2020 The world’s biggest copper miners are enjoying a rare bonanza, helped along by fallout from the coronavirus pandemic. That comes as copper reaches seven-year highs, currencies in major producing nations tumble, and low oil prices keep a lid on costs. The unusual combination of falling costs and... 

Copper-market cocktail means miners have rarely had it so good

Commodities hit 6-year high with recovery boosting oil, copper

By: Bloomberg     11th December 2020 The world’s commodities markets are staging a comeback as the global economy bounces back from the steepest downturn since the Great Depression. The Bloomberg Commodity Spot Index rose 1.3% on Thursday to its highest since 2014 with the world inching closer to a Covid-19 vaccine and the... 

60Moz Sedibelo platinum expansion, construction of Kell beneficiation plant 

By: Martin Creamer     11th December 2020 Platinum group metals (PGMs) producer Sedibelo Platinum Mines Limited has announced the expansion of operations at Pilanesberg Platinum Mines into contiguous deposits of Sedibelo Central, Magazynskraal and Kruidfontein – known as the Triple Crown properties – with an estimated resource base in... 

Sedibelo's Pilanesberg Platinum Mines opertional area.
Photo by creamer media
Sedibelo's Pilanesberg Platinum Mines opertional area.

Steps South Africa needs to take to attract global exploration investment 

By: Martin Creamer     10th December 2020 Countries wanting to attract exploration investment need readily available geophysics data to offer to prospective investors. “Geophysics is now key to the exploration industry, particularly for metalliferous-type deposits, which have the largest value,” Exploration Geological Consultancy MD... 

Exploration Geological Consultancy MD Regina Molloy
Photo by Creamer Media
Exploration Geological Consultancy MD Regina Molloy

Global uncertainties remain, says gold council 

By: Simone Liedtke     9th December 2020 While two major market risks – the US election and the Covid-19 pandemic – appear to have subsided, it still drove risky assets like stocks to all-time highs in some countries, and the MSCI World Stock index had its best monthly performance in November, highlighting the global impact of both... 

Report highlights gold mining’s opportunity to achieve net-zero carbon targets 

By: Simone Liedtke     9th December 2020 More action is needed over the next decade if net-zero carbon targets are to be feasible, the World Gold Council’s (WGC’s) latest report, titled ‘Gold and Climate Change: The Energy Transition’, highlights. The report, released on December 9, builds on the council’s initial work of the last two... 

WGC climate change director John Mulligan
WGC climate change director John Mulligan

Gas supply under pressure from green energy - WoodMac

9th December 2020 New analysis by advisory firm Wood Mackenzie (WoodMac) has reveale that only a few of Australia’s backfill liquefied natural gas (LNG) projects would go ahead under a 2-degree scenario. The report shows that over three quarters or 77% of new global LNG supply are at risk under a 2-degree... 

Gold drops from two-week high on vaccine news, stimulus outlook

By: Bloomberg     9th December 2020 Gold declined from near the highest in two weeks as investors weighed vaccine rollouts amid surging coronavirus infections in some parts of the world against fresh hopes for a stimulus deal in the US. US regulators gave early indications they may grant emergency-use authorisation to Pfizer’s... 

China converting battery electric vehicles into platinum-linked hydrogen fuel cell vehicles  

By: Martin Creamer     8th December 2020 Battery electric vehicles such as municipal buses and trucks are being converted into hydrogen fuel cell vehicles by China. “China already has a very well-established infrastructure to charge batteries and run battery electric trucks. But in the north, it’s very cold and we know battery electric... 

World Platinum Investment Council Director of Research Trevor Raymond
World Platinum Investment Council Director of Research Trevor Raymond interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Platinum on the rise as market adapts to Covid-19 – PGI

By: Donna Slater     8th December 2020 Platinum Guild International’s (PGI’s) third-quarter 'Platinum Jewellery Business Review', which surveys manufacturing and retail partners across key markets, indicates that although low prices have been a trigger to encourage buying, it has been product innovation and emotional connection of... 

Now Implats joins high-flying PGMs-linked venture capital fund 

By: Martin Creamer     7th December 2020 Platinum group metals (PGMs) mining and marketing company Impala Platinum (Implats) announced on Monday that it would be joining a high-flying venture capital fund that supports technologies making use of PGMs, which are helping the world to combat climate change. Existing investors in the... 

Implats CE Nico Muller
Implats CE Nico Muller

Weekly Coal Index Report

7th December 2020 Supply remains tight in the Asia Pacific region with Australian prices playing catch-up to a firm Richards Bay Coal Terminal market. Chinese domestic coal prices remain volatile with a confused supply picture sans Australian coal. The rest of the energy complex is also relatively strong with... 

Weekly Coal Index Report

Cheap platinum back in vogue as Chinese buyers tap cash hoards

By: Bloomberg     7th December 2020 Even before the release of the next James Bond film – “No Time to Die” – Swiss watchmaker Omega is offering a platinum-gold version of the Seamaster Diver 300M that actor Daniel Craig wears when playing 007. The 51 700 Swiss franc ($57 000) time piece – made 95% from platinum – underlines a... 

Retiring Glasenberg handing over Glencore reins to Gary Nagle  

By: Martin Creamer     4th December 2020 Glencore CEO Ivan Glasenberg announced on Friday that he would be handing over the reins of the global mining and marketing company in mid-2021 to top Glencore executive Gary Nagle, who has served the company for more than two decades and is well-known in South Africa, where he ran Glencore’s... 

Gary Nagle, who will be taking over in mid-2021 from retiring Ivan Glasenberg, who has served Glencore with distinction.
Gary Nagle, who will be taking over in mid-2021 from retiring Ivan Glasenberg, who has served Glencore with distinction.

Glencore spells out emission-reduction pathway to 2050 

By: Martin Creamer     4th December 2020 Diversified mining and marketing company Glencore on Friday announced its ambition to be a net-zero emissions company by 2050. Glencore set out the pathway towards reducing its total emissions footprint by 40% by 2035, taking in Scope 1, 2 and 3. 

Ivan Glasenberg, who is handing Glencore reins to Gary Nagle.
Photo by Bloomberg
Ivan Glasenberg, who is handing Glencore reins to Gary Nagle.

Copper surges as fears build for post-pandemic shortage

By: Reuters     4th December 2020 Copper in London hit the highest in more than seven years amid deepening concerns that miners will struggle to match demand as a global recovery bolsters this year’s China-driven boost. The metal used in wires and cables is on the cusp of a fifth weekly advance, in a powerful rally fueled by... 

Copper surges as fears build for post-pandemic shortage

Investment in green hydrogen production to exceed $1bn by 2023 − IHS Markit 

By: Marleny Arnoldi     3rd December 2020 Investment in the production of hydrogen powered by renewable sources, or green hydrogen, is likely to exceed $1-billion by 2023, says research agency IHS Markit. The agency attributes an elevated investment outlook to falling costs and policy support from governments that are looking to shift... 

Glencore, China’s GEM extend strategic cobalt partnership 

By: Martin Creamer     3rd December 2020 Diversified mining and marketing company Glencore has extended its partnership with GEM of China for the supply of cobalt hydroxide by another five years. Both companies have also formally embedded responsible sourcing and sustainability into the contractual relationship. 

Glencore CEO Ivan Glasenberg
Glencore CEO Ivan Glasenberg

BHP says copper output needs to double in 30 years, criticises pricing system

By: Reuters     3rd December 2020 Copper production must double in the next 30 years to meet demand driven by global trends towards decarbonisation and electrification, a senior BHP executive said on Thursday. Copper, widely used in power and construction, is well placed to benefit from the decarbonisation targets of some the... 

BHP says copper output needs to double in 30 years, criticises pricing system

Battery costs fall, make electric vehicles cheaper - BMI

By: Reuters     3rd December 2020 The cost of battery cells used for electric vehicles has fallen to an average of $110/kWh, making such cars competitive with those using internal combustion engines (ICE), according to Benchmark Mineral Intelligence (BMI). One barrier to a higher take up of electric vehicles has been the high... 

Battery costs fall, make electric vehicles cheaper - BMI

Lead hits 1-year high on mine disruption but oversupply looms

By: Reuters     2nd December 2020 Mine disruptions have helped lead prices rally to one-year highs but plunging imports of the metal in top consumer China will mean an oversupplied market that will cap further gains despite sustained demand from the battery sector. Also contributing to lead's 20% rise since the middle of October... 

Copper bull market now fully under way – Goldman Sachs 

By: Martin Creamer     2nd December 2020 The bull market for copper is now fully under way with prices reaching their highest level since 2017, Goldman Sachs International commodities research analysts reported on December 1. Also on December 1, Mining.com reported that the copper price was trading at its highest since March 2013 on... 

Copper smelting.
Copper smelting.

Hydrogen investment by PGMs-linked fund bodes well for South Africa 

By: Martin Creamer     1st December 2020 A new investment in hydrogen, made by the sustainability-focused AP Ventures, bodes well for South Africa. AP Ventures, an independent venture capital fund that invests in early-stage companies that use platinum group metals (PGMs), has invested €5-million equity in HPNow, which has introduced a... 

Building back better with green hydrogen peroxide.
Building back better with green hydrogen peroxide.

Metal prices expected to average higher in 2021 amid recovery from Covid-19 – Fitch Solutions

By: Donna Slater     1st December 2020 Financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions) expects miners and metal producers to experience a more favourable pricing environment in 2021 with nearly all mineral and metal prices forecast to average higher on a... 

Mining can retake investor darling status by going green – Frandsen  

By: Martin Creamer     30th November 2020 The taking of clear sustainability steps can make mining the darling of the investor community once again. Mining cannot participate in anything that leaves the world a worse place and needs to be cognisant of what it takes to have a licence to operate. Mining must have a smaller carbon... 

Pallinghurst Group managing partner and co-founder Arne Frandsen.
Pallinghurst Group Managing Partner and Co-Founder Arne Frandsen interviewed by Mining Weekly’s Martin Creamer on the current demand for sustainable mining. Video: Darlene Creamer.

Copper hits seven-year high as demand hopes build

By: Bloomberg     27th November 2020 Copper rallied for a fourth day to reach a seven-year high, adding to this week’s powerful surge across base metals on hopes for a post-pandemic demand boom. The metal, which is used in everything from household wiring to electric vehicles, is gaining on optimism that the worst of the global... 

Climate-driven surge in scrap use could slash primary metal demand - Woodmac  

By: Reuters     27th November 2020 A surge in the use of scrap metal due to strict environmental policies could slash global demand for primary aluminium by almost half and cut demand for primary copper and iron by more than a third by 2040, Wood Mackenzie said on Thursday. In a report on the future of mining, the consultancy... 

Miners reiterate support for shift to cleaner vehicles 

By: Mariaan Webb     25th November 2020 The mining industry is making progress on a shift to cleaner, safer vehicles, as collaboration between the International Council on Mining and Metals (ICMM) and original equipment manufacturers (OEMs) gains momentum. Under the ICMM’s Innovation for Cleaner, Safer Vehicles (ICSV) initiative, the... 

Anglo praised for blazing decarbonised mining trail with hydrogen truck project  

By: Martin Creamer     25th November 2020 The electrolyser that will generate renewable hydrogen for the world’s largest hydrogen fuel cell electric vehicle project has been delivered to site by Nel Hydrogen Electrolyser AS, as part of the joint partnership with ENGIE and Anglo American, announced last year. ENGIE is providing the... 

David Bow …..emission from mining trucks equivalent to the entire emissions from a country such as New Zealand or Finland.
Nel Hydrogen Electrolyser Senior Vice President Business Development David Bow interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

African green hydrogen can provide important economic impetus – BMBF 

By: Martin Creamer     24th November 2020 The establishment of an African hydrogen economy based on renewable energy can provide important impetus in the Southern African region and offer new perspectives, especially to young people. That is the view of German Federal Ministry of Education and Research (BMBF) Energy and Green Hydrogen... 

Federal Research Minister Anja Karliczek and Innovation Commissioner ‘Green Hydrogen‘ Dr Stefan Kaufmann: Small bottle, huge effect. Sufficient energy to supply a refrigerator for a day – 48 litres of hydrogen are bound in this 80 ml liquid, referred to as liquid organic hydrogen carrier or LOHC. Dr Kaufmann was in South Africa earlier this month. © BMBF/Hans-Joachim Rickel
Federal Research Minister Anja Karliczek and Innovation Commissioner ‘Green Hydrogen‘ Dr Stefan Kaufmann: Small bottle, huge effect. Sufficient energy to supply a refrigerator for a day – 48 litres of hydrogen are bound in this 80 ml liquid, referred to as liquid organic hydrogen carrier or LOHC. Dr Kaufmann was in South Africa earlier this month. © BMBF/Hans-Joachim Rickel

Gold drops to four-month low on vaccine news, Biden transition

By: Bloomberg     24th November 2020 Gold dropped to the lowest level in four months amid optimism over Covid-19 vaccine developments and the triggering of a formal transition process to President-elect Joe Biden. The General Services Administration acknowledged Biden as the apparent winner of the presidential election on Monday,... 

Gold drops to four-month low on vaccine news, Biden transition

Coal mine on point of turning acid mine drainage into potable water at no cost  

By: Martin Creamer     23rd November 2020 An Mpumalanga coal mine is on the point of entering into an agreement before year-end to have its acid mine drainage water curse turned into potable water at no cost, Mining Weekly can today report. Recovered potassium nitrate, which retails at about R15 000/t and which is marketed at about R11... 

John Bewsey
Trailblazer Technologies director John Bewsey interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Gold’s big question: Can the bull market outlive a pandemic?

By: Bloomberg     23rd November 2020 Gold’s record-breaking bull market is facing an existential question after this month’s pharmaceutical breakthroughs: what happens to the rally once Covid-19 vaccines start rolling out? Gold is viewed by many as the archetypal haven asset, inevitably driven higher in times of turmoil. By that... 

Gold’s big question: Can the bull market outlive a pandemic?
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