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Middle East News

Miners face too many woes in emerging markets, Alamos CEO says

By: Bloomberg     8th February 2023 Panama’s tax dispute with First Quantum Minerals over a giant copper mine underscores increasing political risks mining companies face in some regions, according to fellow Canadian metals producer Alamos Gold. “There are too many difficulties in emerging markets right now,” CEO John McCluskey... 

Ramaphosa determined to remove all impediments in way of sustained mining growth 

By: Martin Creamer     7th February 2023 The Presidency is determined to remove all impediments in the way of the sustained growth of the South African mining industry, President Cyril Ramaphosa told the Investing in African Mining Indaba on Tuesday, where he drew full auditorium applause. In addition, Minerals Council South Africa... 

President Cyril Ramaphosa and DRC president Félix Tshisekedi.
President Cyril Ramaphosa and DRC president Félix Tshisekedi.

Mining and the circular economy support each other

By: Rebecca Campbell     7th February 2023 Mining was essential if the world was to create a circular economic system, Finnish Geological Survey director-general Kimmo Tiilikainen has pointed out. He was addressing a Sustainable Mining Breakfast, jointly hosted in Cape Town by the Embassies of Denmark, Finland and Sweden, on Tuesday. The... 

Seriti Green comes in for praise during Eskom, Minerals Council fireside chat 

By: Martin Creamer     7th February 2023 The coal-to-renewables initiative of Seriti Green, the 91% black-owned and black-controlled Seriti Coal associate, came in for special praise at the interesting fireside chat between outgoing Eskom CEO André de Ruyter and outgoing Minerals Council South Africa CEO Roger Baxter on the second day... 

Outgoing Eskom CEO André de Ruyter and outgoing Minerals Council South Africa CEO Roger Baxter.
Photo by Creamer Media
Outgoing Eskom CEO André de Ruyter and outgoing Minerals Council South Africa CEO Roger Baxter.

Newmont boss frustrated with slow rate of change in mining; says he is ‘part of that problem’

By: Irma Venter     7th February 2023 After almost 35 years in the mining industry, Newmont CEO Tom Palmer says he has not seen much change in the mining industry in terms of diversity, equity and inclusion. Participating in a panel on the issue at the Investing in African Mining Indaba being held in Cape Town this week, the gold... 

Image of Newmont CEO Tom Palmer
Tom Palmer

Mining countries being helped to build critical mineral supply chains

By: Martin Creamer     6th February 2023 The United States of America wants to support mineral producing countries to build enabling environments for investment throughout the critical minerals supply chain and not just focusing on extraction alone. This was stated by US Under Secretary of State for economic growth, energy and... 

Jose W Fernandez addressing a packed Investing in African Mining Indaba auditorium.
Photo by Creamer Media
Jose W Fernandez addressing a packed Investing in African Mining Indaba auditorium.

Fundamental change needed in how we think about mining investment ­– Eurasian CEO

By: Irma Venter     6th February 2023 With one Apple you can buy the world’s 50 largest mining companies, says Eurasian Resources Group CEO and Global Battery Alliance (GBA) co-chair Benedikt Sobotka. Speaking at the Investing in African Mining Indaba in Cape Town, he noted that the market capitalisation of the world’s top five... 

Image of Eurasian Resources Group CEO and Global Battery Alliance (GBA) co-chair Benedikt Sobotka
Benedikt Sobotka

Minerals Council's Roger Baxter encouraged by board-level engagement with Transnet 

By: Martin Creamer     6th February 2023 Minerals Council South Africa CEO Roger Baxter said on Monday that the council is encouraged by the board level engagement it has undertaken so far with State rail enterprise Transnet and is hoping that this engagement will deliver some very specific results in stabilising rail performance in the... 

Minerals Council South Africa CEO Roger Baxter, Council president Nolitha Fakude, office bearer Themba Mkhwanazi, and chief economist Henk Langenhoven.
Photo by Creamer Media
Minerals Council South Africa CEO Roger Baxter, Council president Nolitha Fakude, office bearer Themba Mkhwanazi, and chief economist Henk Langenhoven.

Ever greater global acknowledgement of need to decarbonise ever more urgently – Anglo 

By: Martin Creamer     6th February 2023 Ever greater acknowledgement is being given to the need to decarbonise global energy and transport systems ever more urgently. At the same time, ever greater global recognition is being given to the fact that many of the products of mining are fundamental to enabling that shift. 

Anglo American CE Duncan Wanblad.
Anglo American CE Duncan Wanblad.

Seriti Green raises need for Africa to appraise vanadium as electricity storage battery metal  

By: Martin Creamer     3rd February 2023 Wind farm builder Seriti Green, which is planning substantial electricity storage capacity at its big renewable energy project in Mpumalanga, has raised the need for vanadium to be appraised as a battery storage metal of choice in Africa owing to the difficulties of sourcing lithium batteries.... 

From left, Layton Nenzinane, Peter Venn and Doug Gain.
Seriti Green Mpumalanga wind farm developers talk to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Proudly South African technology catches eye of fusion project researchers 

By: Martin Creamer     3rd February 2023 Innovative Proudly South African membraneless technology has caught the eye of the engineers involved in the huge global ITER fusion project as a possible solution to recover tritium from tritiated water. The membraneless technology is the brainchild of Hydrox Holdings engineers, based in... 

The Hydrox team (from left) CEO Corrie de Jager, process engineer Jason Cuomo, director/inventor George Anagnostopoulos, and director Paul van de Vyver.
Photo by Creamer Media Chief Photographer Donna Slater
The Hydrox team (from left) CEO Corrie de Jager, process engineer Jason Cuomo, director/inventor George Anagnostopoulos, and director Paul van de Vyver.

Ramaphosa to deliver keynote address at Mining Indaba

By: Martin Creamer     2nd February 2023 South African President Cyril Ramaphosa has confirmed his attendance at the Mining Indaba taking place in Cape Town next week, from Monday to Thursday. Ramaphosa, accompanied by eight ministers and three deputy ministers, will deliver a keynote address on Tuesday, 7 February. 

President Cyril Ramaphosa, President of South Africa.
President Cyril Ramaphosa, President of South Africa.

155 MW wind farm to be constructed in Mpumalanga by Seriti Green  

By: Martin Creamer     2nd February 2023 Work is scheduled to begin soon on the construction of a wind farm in Mpumalanga, South Africa’s electricity heartland. The project, which begins with 155 MW of wind energy and expands to a capacity of 900 MW of renewables and 800 MWh of battery storage, forms part of an agreement that will see... 

Seriti Resources CE Mike Teke.
Seriti Green's wind energy initiative covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Kefi pursues dual listing in Saudi Arabia

By: Marleny Arnoldi     1st February 2023 Aim-listed Kefi Gold and Copper is pursuing a dual listing of its shares in Saudi Arabia. The Saudi Exchange is currently the eleventh-largest stock exchange globally, with 223 listed companies and a market capitalisation of $2.63-trillion.  

Glencore's 2022 cobalt production up, along with oil, nickel, ferrochrome 

By: Martin Creamer     1st February 2023 Mining and marketing company Glencore produced 40% more cobalt last year, along with 16% more oil, 5% more nickel and 1% more ferrochrome. Although coal production of 110-million tonnes was 6.7-million tonnes higher, on a like-for-like basis, overall group coal production fell by 7%, primarily... 

Glencore CEO Gary Nagle.
Glencore CEO Gary Nagle.

Blyvoor Gold secures approval for solar energy project

By: Martin Creamer     31st January 2023 Carletonville’s Blyvoor Gold Mine has announced the approval of the first phase of its solar energy project. Up to 40 MW will be generated near its mining operations on Gauteng’s West Rand, following Eskom’s first phase approval. 

Carletonville’s Blyvoor Gold Mine on Gauteng’s West Rand.
Carletonville’s Blyvoor Gold Mine on Gauteng’s West Rand.

New partnership enabling South African lithium pioneer to go full throttle 

By: Martin Creamer     31st January 2023 Battery metals investment and exploration company Marula Mining, which is delivering its first shipment of lithium ore from its Blesberg lithium and tantalum mine in the Northern Cape, has received a funding boost by clinching of a partnership with Q Global Commodities (QGC). As a majority... 

QGC CEO Quinton van der Burgh (left) and Marula Mining CEO Jason Brewer.
QGC CEO Quinton van der Burgh (left) and Marula Mining CEO Jason Brewer.

Sibanye, Harmony, Gold Fields among miners listed in the 2023 Bloomberg Gender-Equality Index

By: Creamer Media Reporter      31st January 2023 Precious metals miners Sibanye-Stillwater, Harmony Gold and Gold Fields are among the mining firms recognised in this year's Bloomberg Gender-Equality Index. Harmony has been included in the index for the fifth consecutive year. 

South Africa well on way to unlocking incredible base metals potential – Orion 

By: Martin Creamer     31st January 2023 Emerging production hubs in the Northern Cape are opening the way for South Africa to be a producer of future-facing ‘green’ metals to support the global energy transformation and to mitigate against climate change.  The two emerging production hubs are the Prieska Copper-Zinc Mine and the Okiep... 

Dewatering plan at Prieska Copper-Zinc Mine.
Dewatering plan at Prieska Copper-Zinc Mine.

Central bank gold purchases reached all-time high in 2022

By: Marleny Arnoldi     31st January 2023 The World Gold Council (WGC) has revealed in its latest ‘Gold Demand Trends’ report that gold demand increased by 18% year-on-year in 2022, hitting the highest yearly total since 2011 at 4 741 t. WGC senior market analyst Louise Street tells Mining Weekly that demand for gold was propelled by... 

Global oil and gas exploration spend hits record highs

By: Esmarie Iannucci     31st January 2023 New data by advisory firm Wood Mackenzie (WoodMac) has shown that 2022 was the strongest year in more than a decade for global oil and gas exploration, led by major discoveries in Namibia, Brazil and Algeria. WoodMac reported that the sector created at least $33-billion of value and achieved... 

Global oil and gas exploration spend hits record highs

Squeezed mining companies face growth dilemma

By: Reuters     31st January 2023 High costs and the prospect of shrinking earnings have made big miners nervous about expansion, even as shareholders demand investment in response to robust commodity prices, China's reopening and the role of minerals in decarbonising the economy. Although years of cost discipline have repaired... 

Intervention urgent to resolve rail, port problems, says Business Leadership South Africa

By: Martin Creamer     30th January 2023 Urgent intervention is required to resolve the problems of South Africa’s freight rail system and ports, says Business Leadership South Africa (BLSA)CEO Busi Mavuso, who in this week’s BLSA newsletter describes the coal export slump through Richards Bay Coal Terminal (RBCT) as startling. “The... 

Business Leadership South Africa CEO Busi Mavuso.
Photo by Creamer Media
Business Leadership South Africa CEO Busi Mavuso.

Solar saving gold mine $145 000 a month, more renewables on way, says Pan African 

By: Martin Creamer     30th January 2023 The 10 MW solar power plant at Evander is averaging savings of $145 000 a month for the Mpumalanga gold mine, Pan African Resources said on Monday. Construction is scheduled to begin in June on yet another solar facility, this time an 8 MW photovoltaic solar plant at Barberton Mines’ gold... 

Shaft at Evander gold mine.
Shaft at Evander gold mine.

Green hydrogen research given R35m boost 

By: Martin Creamer     27th January 2023 South Africa's North-West University (NWU) is investing around R35-million in strategic funding to advance green hydrogen research over the next five years.   This follows the announcement that Hydrogen South Africa Infrastructure Centre of Competence (HySA CoC) at NWU is collaborating with... 

Hydrogen South Africa solar power installation at NWU to supply renewable power for hydrogen production.
Hydrogen South Africa solar power installation at NWU to supply renewable power for hydrogen production.

Renewable energy, social upset key themes for miners in 2023 – Fitch Solutions 

By: Donna Slater     26th January 2023 Capital expenditure of mining companies is increasingly being aimed at renewable energy projects and associated grid development – a trend that is likely to continue throughout this year, financial risk management, solutions and insights company Fitch Solutions commodities analyst Amelia Haines... 

Solar PV panels
Miners in 2023 to focus on renewable energy expansion, addressing social aspect of ESG

RBCT coal exports fall below 1993 level, being hit very badly by cable theft  

By: Martin Creamer     26th January 2023 The number of tons of coal exported through Richards Bay Coal Terminal (RBCT) in 2022 fell to the lowest level since 1993. A total of 50.35 t was exported from the private-sector-owned RBCT, with the public-sector-owned rail line again being severely hit by copper cable theft currently. (Also... 

Lowest coal exports from Richards Bay Coal Terminal in 30 years.
Richards Bay Coal Terminal media briefing covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Copper-copious Zambia stepping up agricultural prowess, embarking on robust outreach  

By: Martin Creamer     25th January 2023 Mining and agriculture are two key sectors of the Zambian economy that are attracting foreign direct investment, which rose 158% to $8.5-billion in 2022, creating 74 000 jobs. The latest company to announce that it will be developing a new copper mine in Zambia is one linked to Microsoft's Bill... 

Munkotachi Investments MD Christopher Lesa.
Munkotachi Investments MD Christopher Lesa interviewed by Mining Weekly's Martin Creamer.

Independent tailings management body launched to oversee conformance with global standard 

By: Tasneem Bulbulia     25th January 2023 On the eve of the fourth anniversary of the Brumadinho Tailings dam disaster, in Brazil, which resulted in the deaths of 270 people, the United Nations Environment Programme (UNEP), the Church of England Pensions Board – representing the Principles for Responsible Investment (PRI) that... 

The aftermath of the January 2019 Brumadinho tailings dam collapse in Brazil
The aftermath of the January 2019 Brumadinho tailings dam collapse in Brazil

Metals, mining industry execs pessimistic about global growth, CRU study finds

By: Tasneem Bulbulia     24th January 2023 More than half (52%) of global commodities business intelligence company CRU’s clients in the metals and mining industries expect global gross domestic product (GDP) to grow by no more than 1% this year, according to its yearly macroeconomic survey of clients, which polled global clients from the... 

Sasol secures first hydrogen-linked renewable energy supply contract  

By: Martin Creamer     24th January 2023 Chemicals and energy company Sasol has signed a long-term contract for the supply of 69 MW of renewable energy to its Sasolburg site in the Free State – the first of several agreements Sasol intends finalising in the coming months as it secures the renewable energy supply required to produce... 

Sasol energy business executive VP Priscillah Mabelane.
Photo by Creamer Media Chief Photographer Donna Slater
Sasol energy business executive VP Priscillah Mabelane.

Transnet could be major disaster to South African economy, coal commentators warn  

By: Martin Creamer     23rd January 2023 Transnet could be a major disaster to the South African economy if everybody does not get involved, commentator Michael Avery warned in his column in Business Day on Monday on Transnet Freight Rail and South Africa’s lagging coal exports. “We must be sharply focused on Transnet and its... 

Transnet Freight Rail and South Africa’s lagging coal exports.
Transnet Freight Rail and South Africa’s lagging coal exports.

South32 expects further production growth in H2; flags $100m build in working capital  

By: Darren Parker     23rd January 2023 Diversified miner South32 achieved a 12% year-on-year increase in group copper equivalent production for the first half of the 2023 financial year on the back of recent investments in copper and low-carbon aluminium capacity. "Group copper equivalent production increased . . . as we benefitted... 

South32 CEO Graham Kerr
Photo by Bloomberg
South32 CEO Graham Kerr

ERG sees copper rising on high demand, supply worries

By: Reuters     23rd January 2023 Copper prices are set for another rally this year thanks to surging demand, supply concerns and the metal's widespread use in energy transition technologies, Eurasian Resources Group's (ERG) chief executive officer told Reuters. "Whatever the winning technologies for batteries, EVs (electric... 

Gold near eight-month high with recessionary clouds building

By: Bloomberg     20th January 2023 Gold steadied in Asia after jumping to an eight-month high in the previous session amid a darkening economic outlook in the US and Europe. Federal Reserve Vice Chair Lael Brainard, considered a dove, said rates in the US will need to stay high for a period to cool inflation, while European... 

Green hydrogen mine mobility on way in India to platinum applause

By: Martin Creamer     19th January 2023 India has opted for hydrogen fuel-cell heavy-duty mine truck mobility in a green initiative that will have platinum group metals (PGMs) miners applauding. This is because the clean emission-free power will come from proton exchange membrane PEM technology, which is PGM-enabled. 

Anglo American's large nuGen zero emissions haulage solution.
Photo by Creamer Media
Anglo American's large nuGen zero emissions haulage solution.

Transparency-boosting Battery Passport proof-of-concept launched at Davos

By: Donna Slater     18th January 2023 Multistakeholder organisation the Global Battery Alliance (GBA) launched a proof-of-concept for its Battery Passport at the World Economic Forum’s yearly meeting in Davos, Switzerland, on January 18. With the aim of establishing a sustainable battery value chain by 2030, the GBA’s Battery... 

Africa can export its sunshine as hydrogen, prof highlights ahead of big Sun City event  

By: Martin Creamer     18th January 2023 JOHANNESBURG (miningweekly.com) – In the past, geopolitics was such that oil- and gas-rich countries developed faster, but now countries that are able to export their sunshine in the form of hydrogen will be the ones in the pound seats as the world transitions to clean, green energy. 

Hydrogen South Africa Infrastructure Competence Centre director Professor Dmitri Bessarabov.
Hydrogen South Africa's Prof Dmitri Bessarabov interviewed by Mining Weekly's Martin Creamer.
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