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Middle East News

Supporting sustainable development places focus on climate change, risks for mining

By: Simone Liedtke     11th November 2020 While the primary extraction of certain raw materials remains necessary to support economic development, the achievement of the United Nations’ (UN’s) Sustainable Development Goals (SDGs), as well as in meeting industrial and consumer demand, a focus on how changes in climate exacerbate existing... 

WEF seeks to start a multistakeholder dialogue on deep-sea mining

By: Tasneem Bulbulia     11th November 2020 A new way to meet the growing demand for minerals critical to electric vehicle, electronics and battery manufacturers could become commercially available within this decade, says the World Economic Forum (WEF). It notes that significant public and private investment have gone into investigating... 

WEF seeks to start a multistakeholder dialogue on deep-sea mining

Platinum-linked green hydrogen economy right for Africa, says project manager  

By: Martin Creamer     10th November 2020 The long value chain of green hydrogen economy has the potential to create a multiplicity of jobs and open up the market for investment possibilities for the Southern African region into what is expected to become a multi-trillion-dollar global decarbonisation market. Forschungszentrum Jülich... 

Dr Solomon Nwabueze Agbo, who is co-ordinating Southern Africa's green hydrogen study.
Mining Weekly’s Martin Creamer is given update on platinum-linked green hydrogen. Video: Darlene Creamer.

Ferrochrome commits to 750 MW self-generation, junior mining support

By: Martin Creamer     9th November 2020 South Africa’s struggling ferrochrome industry has committed itself to far-reaching efficiencies and competitiveness initiatives, including the self-generation of 750 MW of wind, solar and cogenerated power, support of junior mining development and the encouragement of local coking coal... 

Struggling South African ferrochrome industry commits to competitiveness programme.
Photo by Creamer Media
Struggling South African ferrochrome industry commits to competitiveness programme.

Nordgold production stable in Q3 despite maintenance, lower grade issues

By: Marleny Arnoldi     9th November 2020 Global gold producer Nordgold's operations delivered 264 900 oz of gold production in the third quarter of the year, with healthy operating performance from the Gross, Taparko, Irokinda, Berezitovy and Suzdal mines having offset lower output from other operations. Production was, however, lower... 

How Biden’s win affects commodities hit by trade wars, tariffs

By: Bloomberg     9th November 2020 It’s been a tumultuous four years for US commodity industries that found themselves a key focus of the White House through its aggressive trade policy agenda. From steel and aluminum tariffs to grain subsidies to boosting exports of liquefied natural gas, very few corners of the global... 

How Biden’s win affects commodities hit by trade wars, tariffs

Zambia copper explorer has exclusivity agreement with Anglo American   

By: Martin Creamer     9th November 2020 Copper explorer Arc Minerals, which has done extensive exploration drilling in Zambia in its study of a near-term copper opportunity, has signed an exclusivity agreement with Anglo American, Arc Minerals executive chairperson and CEO Nick von Schirnding has reported. The UK Aim-listed Arc... 

Nick von Schrinding (left) and Bernard Swanepoel (right).
Arc Minerals presentation to Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Gold-backed ETFs record eleventh month of consecutive inflows

By: Creamer Media Reporter      6th November 2020 Gold-backed exchange-traded funds (ETFs) and similar products (gold ETFs) recorded their eleventh consecutive month of net inflows in October, matching the record number of positive monthly flows set in April 2006, reports the World Gold Council (WGC). Gold ETF holdings increased by 20.3 t,... 

Wits Basin’s shallow gold reefs to be mined as economic environment creates huge tailwind  

By: Martin Creamer     4th November 2020 New mid-tier gold aspirant Shallow Reefs Gold is in the process of being built in South Africa to mine the shallow reefs of South Africa’s historic Witwatersrand Gold Basin. Shallow Reefs Gold has former Mineral Resources Minister Susan Shabangu and former Exxaro chairperson Sipho Nkosi on board... 

Shallow Reefs Gold's Mark Gilbert
Shallow Reefs Gold covered by Mining Weekly’s Martin Creamer at Junior Indaba. Video: Darlene Creamer.

Mined commodities set to underwhelm in 2021 as stimulus measures end, economies unlock 

By: Simone Liedtke     4th November 2020 Mined commodities are set to underwhelm in 2021 as the boost to commodity prices from stimulus measures and the phased unlocking of economies are short-lived, says Wood Mackenzie (WoodMac) metals research global head Simon Morris and bulk research global head Derryn Maade. Speaking during a... 

Mined commodities set to underwhelm in 2021 as stimulus measures end, economies unlock

Copper trading volumes rebound as speculators return

By: Reuters     4th November 2020 Copper volumes on world exchanges are climbing again as a buoyant economic recovery from Covid-19 in top metals consumer China spurred speculators to pile back into the market. Copper is widely used by speculators and funds as a proxy for the health of the global economy due to its wide range of... 

Clean, green copper of N Cape will be produced at nigh zero cost – Orion 

By: Martin Creamer     3rd November 2020 The clean, green copper that Orion Minerals will mine with the help of the Northern Cape’s hot sun and prime wind will be almost free of cost, paid for by the zinc credits, Orion Minerals CEO Errol Smart said on Tuesday. “If you take it as a copper mine only, net of zinc credits, we come close to... 

Orion Minerals Prieska project in the Northern Cape.
Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Exploration is priority, says Mineral Resources Minister Gwede Mantashe  

By: Martin Creamer     3rd November 2020 South Africa should be an exploration site that contributes to gross domestic product growth and employment creation. “Exploration is the way to go and a priority,” Mineral Resources and Energy Minister Gwede Mantashe told the 2020 Junior Indaba in his keynote address on Tuesday. (Also watch... 

Gwede Mantashe (right) and Bernard Swanepoel.
The Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Top mining dealmaker says takeovers all talk until recovery

By: Bloomberg     3rd November 2020 Miners are engaging in plenty of takeover talks despite a tepid year for acquisitions, but few deals will get done without greater clarity on the economy and an ebbing of Covid-19, said the industry’s top dealmaker. “There’s lots of conversations going on, lots of people exploring new ways to... 

BMO Capital Markets CEO Daniel Barclay
BMO Capital Markets CEO Daniel Barclay

Flow-through must not only incentivise exploration but also market participation – Miller 

By: Martin Creamer     2nd November 2020 A flow-through share scheme tax incentive, currently under consideration for South Africa, must serve to incentivise not only exploration but also public listed market development and market participation by a diversity of investors. Mining supply sales consultancy AmaranthCX director Paul Miller... 

Mining supply sales consultancy AmaranthCX director Paul Miller
Photo by Creamer Media
Mining supply sales consultancy AmaranthCX director Paul Miller

Savannah's Oman copper divestment concluded

By: Mariaan Webb     2nd November 2020 Resource development company Savannah Resources has completed the sale of its stakes in the Block 4 and Block 5 copper projects in Oman to Australia-listed mine development company Force Commodities. The structure of the transaction enables Savannah to maintain an interest in the projects'... 

Aluminium demand growth will soon outpace production growth

By: Marleny Arnoldi     30th October 2020 Research agency Fitch Solutions Country Risk & Industry Research says the global primary aluminium market will remain largely in oversupply, owing to absolute production remaining higher than consumption this year, but the surplus is likely to start narrowing from 2021. This will remain the case... 

Glencore lowers coal production guidance as strike at Cerrejón continues 

By: Tasneem Bulbulia     30th October 2020 Multinational commodity company Glencore delivered a solid third-quarter operating performance, including the continued successful ramp-up of Katanga, in the Democratic Republic of Congo, which remains on track to achieve design capacity by year-end, CEO Ivan Glasenberg said on October 30. “Our... 

Ivan Glasenberg
Ivan Glasenberg

Profitable circular economy concepts making future potentially bright for coal miners  

By: Martin Creamer     29th October 2020 Coal mining companies need to start looking at creating their own profitable circular economies around existing coal assets because it is possible, says African Source Markets CEO Bevan Jones. While still responsibly mining coal, coal-mining companies have an opportunity to look at creating a... 

Bevan Jones
African Source Markets CEO Bevan Jones interviewed by Mining Weekly’s Martin Creamer.

Investors worth $10.2tr press global miners for talks on Indigenous engagement

By: Reuters     29th October 2020 Institutional investors worth $10.2-trillion have written to the boards of global mining companies to better understand their engagement with First Nations people, in the wake of Rio Tinto's destruction of Juukan Gorge rockshelters. The group of 64 investors and their representatives, including... 

Former Rio Tinto CEO Jean-Sébastien Jacques was forced to step down in the wake of the Juukan Gorge disaster
Photo by Bloomberg
Former Rio Tinto CEO Jean-Sébastien Jacques was forced to step down in the wake of the Juukan Gorge disaster

Gold demand recovering, but impact of possible 'second wave' of Covid-19 infections uncertain

By: Simone Liedtke     29th October 2020 Overall global gold demand decreased by 19% year-on-year to 892 t in the third quarter, owing largely to consumers still feeling the impact of the Covid-19 pandemic, says the World Gold Council (WGC) in its latest 'Gold Demand Trends' report. Published on October 29, the report indicates that... 

WGC market intelligence manager Krishan Gopaul
WGC market intelligence manager Krishan Gopaul

Hopes rise as top firms arrive at potential flow-through share model to stimulate mining exploration  

By: Martin Creamer     27th October 2020 A flow-through share model has been drawn up with the help of top firms to stimulate badly neglected mining exploration in South Africa, Minerals Council South Africa junior and emerging miners leadership forum chairperson Errol Smart said on Tuesday. Speaking to Mining Weekly in a Zoom... 

Errol Smart
Minerals Council South Africa Junior Miners’ Forum Chairperson Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Excitement as Sumitomo becomes AP Ventures’ latest hydrogen economy investor 

By: Martin Creamer     27th October 2020 Leading Fortune 500 global trading and business investment company Sumitomo Corporation, which has a strong focus on the hydrogen economy, has become the latest investor in partnership with venture capital company AP Ventures Fund II. Sumitomo joins cornerstone investors such as South Africa’s... 

Andrew Hinkly
Photo by Creamer Media
Andrew Hinkly

Decision soon on platinum process that can save power   

By: Martin Creamer     26th October 2020 The definitive feasibility study for the installation of a revolutionary new electricity-slashing processing plant at Pilanesberg Platinum Mine in the North West will be completed next month, in time for an investment decision from the shareholders in KellTechnology South Africa, which are... 

Keith Liddell
Kelltech’s Keith Liddell interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Weekly Coal Index Report

26th October 2020 Australian coal prices are playing catch-up with South African prices as Asian buyers focus on value wherever they can get it. South African coal is less competitive into markets such as South Korea and Vietnam, whereas RBCT exports to Turkey were over 500 kt last month, far higher than only... 

Weekly Coal Index Report

World Bank sees slow commodities recovery after virus hit

By: Bloomberg     23rd October 2020 Oil demand could see “lasting impacts” from the coronavirus while modest gains are projected in metals and agriculture prices as commodity markets recover from the shock of the pandemic, according to the World Bank. The World Bank boosted its projections from April for the average oil price in... 

Diamond manufacturers have a chance to make profit – Rapaport

By: Mariaan Webb     23rd October 2020 The coronavirus pandemic, which hit the diamond industry hard in the first half of 2020, has presented an opportunity for squeezed diamond manufacturers to turn things around and start making profit. Squeezed by high rough diamond costs and declining polished prices, manufacturers and dealers... 

Diamond manufacturers have a chance to make profit – Rapaport

$1tr needed for key energy transition metals by 2035 – WoodMac

23rd October 2020 More than $1-trillion of investment will be needed in key energy transition metals - aluminium, cobalt, copper, nickel and lithium - over the next 15 years to meet the growing demands of decarbonisation, says consultancy group Wood Mackenzie (WoodMac). This is almost double the figure invested... 

$1tr needed for key energy transition metals by 2035 – WoodMac

Covid has highlighted the value of operating remotely – mining editor 

By: Martin Creamer     22nd October 2020 The extraction of data from machinery to improve decision-making is a key benefit of the digital mine and has changed the way that mines manage their assets and perform machine maintenance, Australia Mining managing editor Ben Creagh said on Wednesday. Creagh was speaking during a virtual... 

ifm Australia’s Freddie Coertze and Aditya Kunder.
ifm Australia’s Freddie Coertze and Aditya Kunder.

Sustainable shipping possible through platinum, fuel cells − WPIC

By: Simone Liedtke     21st October 2020 Shipping, which is vital to the global economy, is responsible for about 2.5% of the world’s total greenhouse-gas (GHG) emissions as it is reliant on fossil fuels for power to transport about 90% of all freight goods transported by sea. Like other forms of transport, the maritime sector has... 

Platinum well positioned in hydrogen economy’s sweet spots – WPIC  

By: Martin Creamer     21st October 2020 The upcoming platinum demand of Hyundai alone could come close to taking up the total annual production of one of South Africa’s biggest platinum mines. Hyundai has stated categorically, in a double-page advertisement in The Economist of London, that it will be making 700 000 fuel cell stacks a... 

World Platinum Investment Council director of research Trevor Raymond.
World Platinum Investment Council research director Trevor Raymond interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

40 MW solar power application making good progress ­– Gold Fields  

By: Martin Creamer     20th October 2020 The application for the establishment of a 40 MW solar power plant at the South Deep gold mine in western Gauteng is in process and making good progress, Gold Fields CEO Nick Holland said on Monday. Responding to Mining Weekly during the Johannesburg- and New York-listed company’s virtual... 

Gold Fields ESG-linked Tarkwa-to-Damang mine road opening in Ghana.
Gold Fields ESG presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

South Africa is well positioned to export green hydrogen ­– PwC  

By: Martin Creamer     19th October 2020 South Africa is in an extraordinary position to revolutionise its own economy and supply green hydrogen to the world, PwC said on Monday. “The energy transition is and will be biggest global theme this decade,” PwC associate director James Mackay told journalists at a virtual event covered by... 

Jonathan Metcalfe
PwC Hydrogen Report 2020 covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Hydrogen fast-tracking will be much quicker than imagined – Sibanye-Stillwater  

By: Martin Creamer     19th October 2020 The fast-tracking of the hydrogen economy will be much quicker than most people have imagined, Sibanye-Stillwater CEO Neal Froneman said at the Financial Times (FT) Commodities Mining Summit, where he was part of a panel that included Anglo American Platinum CEO Natasha Viljoen and South32 CEO... 

Top from left, Henry Sanderson and Neal Froneman. Bottom from left, Graham Kerr and Natascha Viljoen.
Financial Times Commodities Mining Summit covered by Mining Weekly’s Martin Creamer.

Coal mine disposal exacerbating carbon emissions problem – Glencore  

By: Martin Creamer     16th October 2020 The disposal of thermal coal mines in response to environmental, social and governance (ESG) investors is not lowering carbon dioxide (CO2) emissions but exacerbating the problem, Glencore CEO Ivan Glasenberg pointed out on Friday. Questioned by Financial Times (FT) natural resources editor Neil... 

From left clockwise, Neil Hume, Mark Cutifani and Ivan Glasenberg.
Financial Times Commodities Mining Summit covered by Mining Weekly’s Martin Creamer.

Report discusses challenges, options as world continues to drive decarbonisation agenda 

By: Simone Liedtke     16th October 2020 While the global shift from fossil fuels to renewables is helping new ecosystems and technologies to emerge, many of the pursued steps towards decarbonisation pose unique challenges. Many participants in the energy and resources industries have declared an intention to become carbon neutral by... 

Deloitte Africa energy, resources and industrials leader Andrew Lane
Deloitte's Andrew Lane discusses the company's new global report and value beyond compliance with Creamer Media journalist Simone Liedtke. Video: Recorded on Zoom. Editing: Creamer Media's Nicholas Boyd.

Mining committed to doing all it takes to improve worker health – Matlala 

By: Martin Creamer     15th October 2020 Minerals Council South Africa VP and Masoyise Health Programme chairperson Zanele Matlala on Thursday committed the South African mining industry to doing all it takes to ensure that employee lives are saved and health is improved. Speaking at a global virtual health seminar to reprioritise... 

Minerals Council South Africa VP and Masoyise Health Programme chairperson Zanele Matlala
Photo by Creamer Media
Minerals Council South Africa VP and Masoyise Health Programme chairperson Zanele Matlala

Hydrogen-linked Platinum Valley Corridor Project under way – Nzimande 

By: Martin Creamer     15th October 2020 A Platinum Valley Corridor Project being developed as part of South Africa’s economic recovery was outlined by Higher Education, Science and Innovation Minister Dr Blade Nzimande on Wednesday. Taking part in the third Hydrogen Energy Ministerial meeting held virtually, Nzimande described the... 

Higher Education, Science and Innovation Minister Dr Blade Nzimande
Photo by Creamer Media
Higher Education, Science and Innovation Minister Dr Blade Nzimande
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