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Middle East News

Southern Africa’s green hydrogen buy-in exceeding expectations – Sacreee  

By: Martin Creamer     14th October 2020 Southern Africa’s buy-in into the green hydrogen economy concept is exceeding expectations, Southern African Development Community (SADC) Centre for Renewable Energy & Energy Efficiency (Sacreee) executive director Kudakwashe Ndhlukula said on Tuesday. Green hydrogen is a clean form of hydrogen... 

New venture capital incubation fund targeting small-scale mining space  

By: Martin Creamer     13th October 2020 Venture capital incubation fund initiator Pearl Gray Equity Partners is targeting South Africa’s small-scale gold mining space. Pearl Gray, a reform of the Gray Family trust created in the late 1990s, is a family investment firm based in Pretoria, with activities in Delaware, in the US. (Also... 

Pearl Gray Equity Partners managing partner Steve Booyens
Pearl Gray Equity managing partner Steve Booyens outlines mining fund to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Caterpillar bets on self-driving machines impervious to pandemics

By: Reuters     12th October 2020 Question: How can a company like Caterpillar try to counter a slump in sales of bulldozers and trucks during a pandemic that has made every human a potential disease vector? Answer: Cut out human operators, perhaps? Caterpillar's autonomous driving technology, which can be bolted on to existing... 

Environmental under-investment comes back to bite – Sir Mick Davis  

By: Martin Creamer     12th October 2020 If you under-invest in environmental impact, it will come back to bite you at some time in the future, just like cutting back on development used to do in the old days, former Eskom, Gencor, Billiton, Xstrata and X2 Resources mining doyen Sir Mick Davis said at the Joburg Indaba. Davis said this... 

Sir Mick Davis and Fiona Perrott-Humphrey during virtual Joburg Indaba.
Mining Weekly’s Martin Creamer reports on Sir Mick Davis at Joburg Indaba. Video: Darlene Creamer.

Gold ETFs surpass 1 000 t of new demand this year

By: Creamer Media Reporter      8th October 2020 Gold-backed exchange-traded funds (ETFs) and similar products recorded their tenth consecutive month of net inflows in September, reports the World Gold Council (WGC). Gold ETF holdings increased by 68.1 t or 2% of assets under management (AUM) despite gold’s worst monthly price performance since... 

Mining majors must convince investors of need to replace value – Sir Mick Davis  

By: Martin Creamer     8th October 2020 Major mining companies need to convince investors of the crucial need to replace the value that they are taking out of the ground, mining luminary Sir Mick Davis said on Thursday. “Every single day that they take something out of the ground, that value disappears forever, and unless you do... 

Sir Mick Davis, Fiona Perrott-Humphrey and Bernard Swanepoel
Mining Weekly’s Martin Creamer reports on Sir Mick Davis at Joburg Indaba. Video: Darlene Creamer

Exploration strategy in three months, hydrogen under scrutiny – DMRE  

By: Martin Creamer     8th October 2020 A comprehensive exploration strategy will be developed in the next three months and engagement on the potential of the platinum group metals-linked hydrogen economy is taking place, Department of Mineral Resources and Energy director-general Advocate Thabo Mokoena said on Thursday. In a keynote... 

Advocate Thabo Mokoena
Mining Weekly’s Martin Creamer reporting on DMRE DG Advocate Thabo Mokoena. Video: Darlene Creamer.

Flow-through must form part of overall exploration strategy – Minerals Council  

By: Martin Creamer     7th October 2020 The introduction of a flow-through share scheme must form part of a full suite and package of measures tailored for a comprehensive exploration strategy for South Africa, Minerals Council South Africa CEO Roger Baxter said on Wednesday. Speaking during question time on day one of the Joburg... 

Roger Baxter at Joburg Indaba virtual event.
Mining Weekly’s Martin Creamer putting a question at Joburg Indaba. Video: Darlene Creamer.

South Africa’s iron-ore sector to benefit from rising Chinese demand 

By: Simone Liedtke     7th October 2020 South Africa’s Northern Cape is considered a “fantastic mineral region” and African Rainbow Minerals ferrous division CE Andre Joubert believes iron-ore, besides other commodities, is likely to benefit following the Covid-19 pandemic. Crude steel is a major driver for iron-ore production, he... 

Anglo investing in South Africa’s hydrogen economy ­– Cutifani  

By: Martin Creamer     7th October 2020 As the world’s largest marketer of platinum group metals (PGM), Anglo American is investing in South Africa’s hydrogen economy, including through a joint venture with the State-owned Public Investment Corporation (PIC), Anglo CEO Mark Cutifani said on Wednesday. In a keynote address on day one of... 

Mark Cutifani
Mining Weekly’s Martin Creamer reports on Anglo American CEO Mark Cutifani’s keynote address at the Joburg Indaba. Video: Darlene Creamer.

Platinum to benefit from hydrogen revolution push, says WPIC 

By: Simone Liedtke     7th October 2020 The hydrogen revolution is fast becoming action rather than talk, says the World Platinum Investment Council (WPIC). It notes that a series of spending commitments and investments are “pointing to a future where hydrogen will be a mainstream source of sustainable fuel”. 

Rio Tinto, AB InBev sign MoU to deliver sustainable, low carbon aluminium cans

By: Simone Liedtke     6th October 2020 Beer drinkers will soon be able to enjoy their favourite brew out of cans that are both recyclable and responsibly produced as a result of a global partnership between diversified miner Rio Tinto and brewer Anheuser-Busch InBev (AB InBev). The two companies have signed a memorandum of... 

Hydrogen can be game-changer for South African economy ­– PwC  

By: Martin Creamer     6th October 2020 Hydrogen has the potential to be a game-changer for the South African economy, PwC African mining leader Andries Rossouw said on Tuesday. Speaking during the virtual release of the professional services firm’s 12th edition SA Mine, a series of publications that highlights trends in the South... 

Andries Rossouw
Mining Weekly’s Martin Creamer reports on PwC SA Mine 2020 event. Video: Darlene Creamer

Regulations tailored to alluvial diamonds will reward S Africa with jobs – Sadpo  

By: Martin Creamer     6th October 2020 South Africa’s one-size-fits-all mining legislation is losing vital jobs for the country in the job-intensive alluvial diamonds space that requires regulations tailored to junior mining to survive, South African Diamond Producers Organisation (Sadpo) reiterated on Monday. Because there are so... 

South African Diamond Producers Organisation chairperson Gert van Niekerk
Mining Weekly’s Martin Creamer speaks to the South African Diamond Producers Organisation’s Gert van Niekerk and Lyndon de Meillon. Video: Darlene Creamer.

Sedibelo Platinum Mines closer to finding listing date – Frandsen  

By: Martin Creamer     5th October 2020 The unlisted Sedibelo Platinum in South Africa’s North West province is closer to finding a listing date, says Pallinghurst managing partner and co-founder and Sedibelo chairperson Arne Frandsen, who is absolutely bullish about the prospects for platinum group metals (PGMs) in the medium to long... 

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

Copper heads for biggest loss since March as growth worry mounts

By: Bloomberg     2nd October 2020 Copper extended declines, heading for the biggest loss since March amid concerns over the pace of economic recovery as traders looked for signs of progress in US fiscal-stimulus talks. US manufacturing expanded in September by less than forecast, according to a report Thursday, while US initial... 

Gold erases loss as investors weigh impact of Trump’s Covid-19

By: Bloomberg     2nd October 2020 Gold erased a decline after President Donald Trump announced early Friday that he and First Lady Melania Trump had tested positive for Covid-19, roiling global assets and lifting the dollar. Trump tweeted that he and the first lady would “begin our quarantine process,” shortly after one of his... 

US President Donald Trump and First Lady Melania Trump
US President Donald Trump and First Lady Melania Trump

Amplats focused on going back to basics, stretching existing assets optimally   

By: Martin Creamer     1st October 2020 Doing the ordinary tasks extraordinarily well is the current short-term tactic of the platinum group metals (PGMs) mining company Anglo American Platinum (Amplats) under new CEO Natascha Viljoen, who is intent on stretching the company’s existing assets to their full capacity. “We don’t deserve... 

Natascha Viljoen (right) responding to Coronation's Pallavi Ambekar.
Mining Weekly’s Martin Creamer reports on Coronation Fund Managers webinar. Video: Darlene Creamer

Cabinless, emissionless vehicle foretelling underground’s autonomous future 

By: Martin Creamer     30th September 2020 Mining Weekly on Wednesday watched a cabinless emission-free next-generation mining vehicle autonomously load, haul and dump in an underground mine, without a human in sight. The cabinless design places emphasis on the extent to which traditional human operation at the rockface is becoming a... 

Sandvik global product line manager automation David Hallett
Photo by Creamer Media
Sandvik global product line manager automation David Hallett

Sandvik intelligent drill series continues to meet evolving customer demands

By: Simone Liedtke     30th September 2020 As rotary blasthole drill technology continues to advance, Sandvik’s iSeries family of intelligent drills continues to grow to meet evolving customer demands – as can be seen with the Sandvik DR410i drill rig. Considered a “compact, powerful, technologically advanced rig designed to produce the... 

Aviation, other transport sectors accelerating adoption of hydrogen as a fuel source 

By: Marleny Arnoldi     30th September 2020 The World Platinum Investment Council (WPIC) says developments in aviation – and across other modes of transport - are accelerating the adoption of hydrogen as a mainstream, sustainable fuel source. The council notes that aerospace company Airbus is not alone in believing that hydrogen... 

Sandvik launches new RDX5 rock drill

By: Simone Liedtke     30th September 2020 Following the virtual grand opening of its Rock Drill Innovation Centre, in Finland, Swedish mining gear and metal-cutting tools maker Sandvik launched its RDX5 rock drill on September 30. The rock drill builds on the success of “the most dependable rock drill in the market”, the HLX5, and... 

Geopolitics, social responsibility rise in the risk ranks for mining globally  

By: Marleny Arnoldi     30th September 2020 Mining executives across the world have ranked licence to operate, high-impact risks and productivity and rising costs as the top three risks facing their business over the next year. Multinational professional services firm EY's 'Top 10 Business Risks and Opportunities – 2021' survey for the... 

Geopolitics, social responsibility rise in the risk ranks for mining globally

Gold-buying by central banks seen climbing from near decade low

By: Bloomberg     30th September 2020 Gold buying by central banks, an important driver of bullion’s advance in recent years, is forecast to pick up in 2021 after a slowdown this year. Citigroup Inc. sees demand from the official sector rising to about 450 tons after a drop to 375 tons this year, which would be the lowest in a... 

EV demand will spark lithium mining reinvention

By: Bloomberg     30th September 2020 Lithium producers must reinvent mining methods for the key metal used in rechargeable batteries to meet rising demand from the electric-vehicle industry, according to Standard Lithium’s top executive. “The industry’s going to have some challenges as higher purity lithium compounds are required --... 

Sandvik digitises mechanical cutting equipment to improve safety 

By: Simone Liedtke     29th September 2020 In addition to performance and extensive safety features, engineering company Sandvik says its mechanical cutting equipment also offer effective digital solutions to boost productivity, reduce operating costs and maximise equipment lifetime. One such mechanical cutting equipment solution is... 

Carbide recycling can create jobs for mine communities – Sandvik  

By: Martin Creamer     29th September 2020 The local extraction of carbide inserts can create job opportunities for communities living around mines – “a true win, win, win situation for society, our customers and ourselves”, Sandvik rock tools division VP Nina Axman enthused on Tuesday. Sandvik is developing a new recycling process that... 

Sandvik's Nina Axman and Jens Holmberg.
Mining Weekly’s Martin Creamer reports on Sandvik’s mining innovation virtual event. Video: Darlene Creamer

Newtrax gives insight into its Collision Avoidance System during Sandvik conference

By: Simone Liedtke     29th September 2020 Heavy traffic, large equipment, poor visibility and blind spots create the potential for accidents in an industry that demands world-class operational performance and has the expectation of zero harm. Underground mining Internet of Things (IoT) service provider Newtrax believes its Collision... 

South Africa has 22 operating manganese mines – AmaranthCX ­ 

By: Martin Creamer     28th September 2020 South Africa has 22 operating manganese mines, with only four of them owned in part by Johannesburg Stock Exchange (JSE)-listed companies, AmaranthCX director Paul Miller has calculated. All are in the Northern Cape, except for four small mines well outside the Northern Cape in the North West,... 

Mamatwan manganese mine in South Africa's Northern Cape.
Mamatwan manganese mine in South Africa's Northern Cape.

Green hydrogen economy growing rapidly – Hatch  

By: Martin Creamer     25th September 2020 At Glencore’s Raglan Mine, in Canada, a closed loop, microgrid system converts excess wind power to hydrogen, which is then stored in tanks. During periods of low wind power, a fuel cell produces electricity from the stored hydrogen, and within the facility are also innovations such as a battery... 

Glencore's Raglan Mine in Canada.
Photo by Raglan Mine
Glencore's Raglan Mine in Canada.

Precious metals set for worst week since March on rising dollar

By: Bloomberg     25th September 2020 Gold extended losses, capping a torrid week for precious metals, which are set for their biggest losses since the virus panicked markets in March. Bullion declined again on Friday as the US dollar rose, after touching the lowest since July a day earlier. The outlook for the global economic... 

World Jewellery Confederation welcomes new ISO diamond grading standard

By: Marleny Arnoldi     23rd September 2020 The World Jewellery Confederation (Cibjo) has welcomed the new publication by nongovernmental body International Standards Organisation (ISO) of the internationally recognised diamond grading standard and says it is a historic moment for the global diamond industry. The confederation explains... 

World Jewellery Confederation welcomes new ISO diamond grading standard

WPIC expects ETF inflows to taper down in last quarter after record highs

By: Marleny Arnoldi     23rd September 2020 Platinum exchange-traded funds (ETFs) saw significant inflows in the second quarter, with holdings having increased by 122 000 oz. This compares to outflows of 213 000 oz during the first quarter, which mostly occurred in March when some investors sold platinum to raise cash amid a global... 

Gold may hit record before year-end on election risk, Citi warns

By: Bloomberg     23rd September 2020 Gold could hit a record before the year-end, aided in part by the risks surrounding the US Presidential election, according to Citigroup. Uncertainty over the contest and delays about the outcome may “be under-appreciated by precious metals markets", analysts including Aakash Doshi said in a... 

Gold may hit record before year-end on election risk, Citi warns

Green hydrogen study integrating SADC ahead of trillion dollar market emergence   

By: Martin Creamer     23rd September 2020 JOHANNESBURG ( – A German-funded project to develop a green hydrogen atlas across Southern Africa is integrating the Southern African Development Community (SADC) region ahead of the projected opening up of a trillion dollar market going into the future. 

Sasscal executive director Dr Jane Olwoch
Sasscol executive director Dr Jane Olwoch interviewed by Engineering News & Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Less than half the gold sent to big refiners comes from mines - LBMA

By: Reuters     22nd September 2020 Less than half the gold processed by major refiners in 2018 came from large industrial mines, the London Bullion Market Association said on Tuesday, publishing data revealing for the first time the origin of bullion moving through its system. The LBMA said refiners it accredits, which dominate... 

Metal industry sees no need for LME green aluminium platform

By: Reuters     22nd September 2020 The London Metal Exchange does not need a separate platform to trade low carbon aluminium and should focus instead on services its users need more urgently, such as a euro-denominated steel contract, metal industry sources told Reuters. As pressure mounts on investors and companies to prove their... 

Gold industry needs further consolidation, says Barrick’s Bristow

By: Mariaan Webb     22nd September 2020 The gold industry still has a mismatch of assets in too many managers’ hands and is in need of further consolidation, says gold major Barrick CEO Mark Bristow. Speaking at the virtual Gold Forum Americas conference, he said that the industry had come a long way in 18 months, but that the job was... 

Barrick CEO Mark Bristow
Barrick CEO Mark Bristow
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