R/€ = 16.92 Change: 0.12
R/$ = 16.45 Change: -0.12
Au 1799.31 $/oz Change: -9.55
Pt 873.50 $/oz Change: -12.50

Middle East News

Technology will secure coal’s place in a sustainable future, says WCA

By: Marleny Arnoldi     27th July 2021 In opening the Coal Industry Day 2021 on July 27, mining entrepreneur Bernard Swanepoel said the coal industry remains a significant revenue, jobs and energy contributor to the South African economy. He added that a complete faze-out scenario of coal-fired power generation was still decades away.  

Nickel nears seven-year high with metals rising on demand bets

By: Bloomberg     27th July 2021 Nickel rose for a third straight session, approaching a seven-year high on booming demand for the metal used in stainless steel and electric-vehicle batteries. Copper advanced the most in more than two months. Nickel gained as much as 2.1% to $19 780 a ton. It reached $20 110 in February, the... 

Anglo Platinum evaluating multiple renewable energy forms  

By: Martin Creamer     26th July 2021 As a result its geographic distribution across South Africa, the Anglo American group is collectively evaluating options to access multiple forms of renewable energy, Anglo American Platinum (Amplats) CEO Natascha Viljoen said on Monday. The JSE-listed company has already completed the design and... 

A side view of the Amplats CEO during the July 2021 results presenetation.
Anglo American Platinum presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

High-flying Anglo Platinum’s stakeholders receive nigh-R40bn boost 

By: Martin Creamer     26th July 2021 The strong operational and financial performance of platinum group metals company Anglo American Platinum in the six months to June 30 translated into nearly R40-billion worth of benefits for stakeholders including the fiscus, local and doorstep suppliers and communities. In light of the impact... 

This picture was taken during the presentation of results on26 July 2021
Photo by Creamer Media
Anglo American Platinum CEO Natascha Viljoen

Metals make climate change mitigation possible – Citi Research 

By: Martin Creamer     23rd July 2021 In a rapid electrification scenario, metals have the ability to bring about the reduction of close to 1 000 gigatonnes (Gt) of global greenhouse gas (GHG) emissions by 2050, Citi Research states in a note that examines the metals industry’s potential contribution to climate change mitigation over... 

A graphic compiled the Citi Research on the fast and moderate way of meeting the Paris climate change accord.
Complying with the Paris agreement on climate change mitigation.

Thermal coal prices to weaken by the end of this year, says Fitch Solutions

By: Simone Liedtke     23rd July 2021 Fitch Solutions Country Risk and Industry expects thermal coal prices to peak during the third quarter of this year and then weaken “substantially” by the end of the year. In spite of this forecast, the research firm increased its average price forecast for the year to $85/t, up from $72/t... 

Extremely strong demand for platinum bar and coin – WPIC  

By: Martin Creamer     22nd July 2021 Extremely strong demand for platinum bar and coin is being seen around the world, particularly in the US, along with growth in demand for platinum exchange traded funds (ETFs), mainly out of North America and Europe,  World Platinum Investment Council (WPIC) head of research Trevor Raymond said... 

Picture of WPIC research head Trevor Raymond
WPIC Research Head Trevor Raymond interviewed by Mining Weekly's Martin Creamer.

Exploration trailblazer Orion cracks retail investor code with 14 000-plus SA backers  

By: Martin Creamer     21st July 2021 More than 14 000 South Africans now own shares in the discovery and development mining company Orion Minerals, which is reflective of retail investment that can be stimulated in South Africa to support essential local minerals exploration. What is also extremely promising is that the dual listed... 

This is a picture of Errol Smart, CEO of Orion Minerals, who is also chair of Minerals Council junior miner leadership forum.
Orion Minerals CEO Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Anglo increasingly focused on future-enabling decarbonising metals, minerals – Cutifani 

By: Martin Creamer     20th July 2021 The portfolio and growth investments of diversified mining company Anglo American is increasingly focused future-enabling metals and minerals that are critical to decarbonising energy and transport and to meeting consumers' growing needs, from luxury to everyday life. This was stated by Anglo... 

A picture of Anglo American's CEO, Mark Cutifani.
Anglo American CEO Mark Cutifani

Carbon emissions to reach record levels in 2023 as stimulus spending fails to match net-zero ambition  

By: Terence Creamer     20th July 2021 The financial resources allocated by governments globally to clean-energy measures in response to the Covid-19 crisis currently represents only 2% of the $16-trillion in total fiscal support set aside for economic stimulus, the International Energy Agency’s (IEA’s) new Sustainable Recovery... 

Photo of IEA executive director Fatih Birol
IEA executive director Fatih Birol

Mine achieves massive earnings boost after employing four more people  

By: Martin Creamer     19th July 2021 Guided by a value driver tree (VDT) study, an opencast mine increased its earnings massively after employing four additional operators at comparatively negligible cost. The operation’s earnings before interest, taxes, depreciation and amortisation (Ebitda) soared hugely from $634.3-million to... 

Gary Lane is also a director of SiMine
Value Driver Tree case study covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Fox-Davies unpacks the growing market dynamics for potash, phosphates  

By: Marleny Arnoldi     16th July 2021 The fertiliser industry is poised to benefit from increased consumption in coming years, with the global population being forecast to reach 9.7-billion in 2064, says advisory firm Fox-Davies Capital. The firm’s market analysis suggests that both potash and phosphates is approaching production... 

Small miners aim for European supply chain for EVs independent from China

By: Reuters     16th July 2021 Growing demand for electric vehicles has spurred small-scale miners of the lithium, cobalt and rare earths that automakers rely on to develop mines and build refining capacity in Europe to reduce their reliance on China. Efforts by the United States and Europe to build a secure and independent... 

IEA report points to growth in global electricity demand this year

By: Donna Slater     15th July 2021 The International Energy Agency (IEA) expects global electricity demand to rebound strongly this year and next. Electricity demand decreased by about 1% in 2020, but is expected to grow by 5% this year and by 4% in 2022, a new IEA report shows.  

Hydrogen economy can create 30-million jobs, Japanese professor calculates  

By: Martin Creamer     14th July 2021 Thirty-million jobs can be created through the introduction of the hydrogen economy to decarbonise the world, HyWealth founder and CEO Professor Katsuhiko Hirose said on Wednesday. While hydrogen is currently more expensive than fossil fuel, green hydrogen will be the cheapest solution by 2050,... 

An image of HyWealth founder and CEO Professor Katsuhiko Hirose
Nedbank CIB’s green economy webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Life in mining-dependent countries significantly improved – ICMM 

By: Martin Creamer     14th July 2021 Life in mining-dependent countries has improved significantly in the 23 years leading up to 2018, with strong governance the key to improving socio-economic well-being, the International Council on Mining and Metals (ICMM) said on Wednesday. A report that analysed 41 social metrics grouped under... 

A picture of the CEO of the International Coiuncil on Mining and Metals
ICMM CEO Rohitesh Dhawan

Exploration is quick foreign investment ‘no brainer’, says Minerals Council’s Smart  

By: Martin Creamer     13th July 2021 Exploration is one of the quickest ways to secure foreign direct investment into South Africa for the generation of desperately needed jobs and wealth during the country's hour of need, said Minerals Council South Africa junior and emerging miners’ leadership forum chairperson Errol Smart on... 

Picture of Errol Smart, who is also CEO of Orion Minerals.
Minerals Council Junior Leadership Forum chair Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Survey finds tech skills gap is a growing future mining risk 

By: Marleny Arnoldi     13th July 2021 A survey undertaken by law firm Hogan Lovells on how technology is shaping the future prospects of mining, has found that almost 69% of respondents believe the skills gap is the greatest future risk to further technological integration in the mining industry. The ‘Future of Mining’ report notes... 

De Beers makes diamond buyers cough up with another price rise

By: Bloomberg     13th July 2021 De Beers raised prices for its rough diamonds yet again as the industry’s dramatic recovery this year shows little sign of slowing. The top producer increased prices by about 5% at its July sale taking place this week, with most of the rises focused around higher-quality stones, according to... 

Investors face uncertainty at the end of Covid crisis - report

By: Simone Liedtke     9th July 2021 To better understand investor strategies during the transitional period presented by the Covid-19 pandemic and the emergence of the variants of the virus, data provider Coalition Greenwich launched its report for the third quarter of this year, in conjunction with the World Gold Council’s... 

Gold policymakers, investors operating in ‘uncharted territory’ 

By: Simone Liedtke     9th July 2021 As the global economy emerges from an unprecedented shutdown, policymakers and investors are operating in uncharted territory, the World Gold Council (WGC) says. The council’s mid-year outlook report notes that interest rates are likely to remain a key driver for the yellow metal in the short to... 

Image of gold bars

Moody’s unpacks its rationale for low coal producer credit ratings

By: Marleny Arnoldi     8th July 2021 Social opposition to coal production is leaving coal assets increasingly concentrated among companies that specialise in coal, rather than diversified groups, says Moody’s Investors Service. The credit rating company says larger mining companies are divesting from coal-related assets, while... 

Industrial sector to drive platinum demand in 2021

By: Marleny Arnoldi     7th July 2021 Platinum industrial demand has exhibited strong growth in recent years, at a compound annual growth rate (CAGR) of 6% between 2013 and 2019. The World Platinum Investment Council (WPIC) says this is significantly above the CAGR of two key industrial benchmarks, being more than double that of... 

Calderon an 'excellent' choice as new AngloGold CEO

By: Bloomberg     7th July 2021 “It’s an excellent appointment, and it removes uncertainties about the leadership crisis,” Noah Capital analyst Rene Hochreiter has said about the appointment of AngloGold Ashanti's new CEO Alberto Calderon. In Colombia, “he can probably get things done better than say an American or South... 

New AngloGold Ashanti CEO Alberto Calderon

Gold breaks $1 800 again as traders await steer from Fed minutes

By: Bloomberg     7th July 2021 Gold climbed above $1 800 an ounce again as investors took a risk-off turn before the release of Federal Reserve meeting notes that should bring fresh insight on US monetary policy. Minutes from the Fed’s June gathering will be combed for more clues on the bank’s thinking around rates,... 

Gold breaks $1 800 again as traders await steer from Fed minutes

Gold heading towards ‘refuge of choice’ status, says incoming AngloGold CEO  

By: Martin Creamer     6th July 2021 Gold is poised to be a "refuge of choice" in the years ahead owing to the extent to which money is being printed and world debt is rising, AngloGold Ashanti CEO-designate Alberto Calderon said on Tuesday. Speaking to Mining Weekly in a Microsoft Teams interview ahead of taking office on September... 

Newly appointed AngloGold CEO
AngloGold Ashanti CEO-designate Alberto Calderon interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Alberto Calderon is new AngloGold CEO

By: Martin Creamer     6th July 2021 The board of AngloGold Ashanti on Tuesday announced the appointment of Alberto Calderon as the new CEO of the gold-mining company, effective September 1. Mining Weekly can report that Calderon has more than two decades of executive leadership experience in the global mining sector. 

Alberto Calderon
Alberto Calderon

Yamkela Makupula clinches exciting Rockwell-linked alluvial diamond deal  

By: Martin Creamer     5th July 2021 Alluvial diamond mining investor Yamkela Makupula has clinched an alluvial diamond mining transaction which makes her a 30% shareholder in three diamond assets that have a link with the former Rockwell Diamonds. Makupula, who leads the Africa growth strategy of international law firm Diaz, Reus,... 

Picture of Yamkela Makupula, investor in alluvial diamonds.
Yamkela Makupula interviewed by Mining Weekly’s Martin Creamer on alluvial diamond transaction. Video: Darlene Creamer.

Weekly Coal Index Report

5th July 2021 As the Australian and South African markets push coal prices up, amid a shortage of South African material thanks to the unavailability of rail, Glencore has doubled down on coal by acquiring its joint venture partners’ shares in the Cerrejón thermal coal mine in Colombia for $230-million cash in... 

Weekly Coal Index Report

Gold regains shine after central bank buying drops to decade low

By: Bloomberg     5th July 2021 Central banks may be regaining their appetite for buying gold after staying on the sidelines for the past year. Central banks from Serbia to Thailand have been adding to gold holdings and Ghana recently announced plans for purchases, as the specter of accelerating inflation looms and a recovery... 

Gold regains shine after central bank buying drops to decade low

Mining vital to economy, can help guide country's path – President 

By: Martin Creamer     5th July 2021 Mining is vital to the South African economy and the opportunities that exist in mining can help guide the country’s path to a more inclusive and equitable economy, President Cyril Ramaphosa stated on Monday. Writing in his From the Desk of the President column, Ramaphosa placed mineral and... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Global copper smelting eases in June; nickel pig iron jumps

By: Reuters     2nd July 2021 Global copper smelting activity slipped in June after a rebound a month earlier as Chinese plants closed for maintenance, data from satellite surveillance of copper plants showed. Satellite service SAVANT and broker Marex said in a joint statement on Friday that they were now monitoring nickel... 

Unrelenting coal demand posts challenge to world's climate goals

By: Bloomberg     2nd July 2021 Coal prices across Asia are surging to records, underscoring a challenge for governments seeking a faster energy transition: the dirtiest of fuels they’re racing to phase out is enjoying booming demand. Power plants are rushing to secure adequate electricity supplies as a hot summer adds to... 

Unrelenting coal demand posts challenge to world's climate goals

Demand for platinum and palladium in auto sector set to rise as regulations tighten 

By: Simone Liedtke     2nd July 2021 Platinum demand from the automotive sector is expected to be 25% up on 2020, reaching almost three-million ounces this year, World Platinum Investment Council (WPIC) research director Trevor Raymond says, partly attributing the projected increase to the Euro 6d and China 6a emissions regulations... 

Demand for platinum and palladium in auto sector set to rise as regulations tighten

Itochu partners with Shell to lower its mining sites’ carbon footprint

By: Donna Slater     1st July 2021 Petrochemicals company Shell International and Tokyo-headquartered investment firm Itochu Corporation have agreed to collaborate to accelerate the digitalisation and decarbonisation of Itochu’s mining sites, as well as increase the operational efficiency thereof. Shell will offer its sectoral... 

Shortages flagged for EV materials lithium and cobalt

By: Reuters     1st July 2021 As the world moves to meet stringent targets for cutting carbon emissions - partly by phasing out internal-combustion-engine cars - demand for lithium, cobalt and nickel vital for electric vehicle batteries will soar, raising the prospect of shortages. High lithium prices have failed to spur... 

Glencore paid governments $5.8bn, working hard to develop local skills

By: Martin Creamer     30th June 2021 As one of the world’s largest natural resource companies, with operations across five continents, Glencore is committed to delivering long-lasting socioeconomic benefits, CFO Steven Kalmin on Wednesday. Speaking on video with the release of Glencore's 2020 Payment to Governments Report, Kalmin... 

Glencore CFO Steven Kalmin
Photo by Creamer Media
Glencore CFO Steven Kalmin

Phalaborwa dumps contain rare earths worth $4.7bn, says London junior 

By: Martin Creamer     30th June 2021 “We have high value rare earth elements totalling $123/t in our gypsum stacks and multiply that by 38-million tonnes and that can give you an idea of the value of these stacks,” Rainbow Rare Earths CEO George Bennett has told Flagstaff TV. The gypsum dumps – built up from half a century of hard... 

Rainbow Rare Earths CEO George Bennett
Rainbow Rare Earths CEO George Bennett
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