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Middle East News

Authorities laudably supportive of grid-tied Pan African solar project – coordinator 

By: Martin Creamer     22nd September 2020 The authorities have been laudably supportive of the R150-million grid-tied photovoltaic solar project that is to be built to supply electricity to Pan African Resources’ highly successful Elikhulu tailings retreatment plant in Evander, Mpumalanga. The nigh-10 MW solar plant, which is expected to... 

Gold miners have important role to play in meeting the UN SDGs 

By: Simone Liedtke     22nd September 2020 The gold industry can play a major role in helping to address the many social, economic and environmental challenges facing the world, while also expanding its overall contribution to meeting the United Nations Sustainable Development Goals, says AngloGold Ashanti nonexecutive director Kojo... 

World Gold Council CFO Terry Heymann
World Gold Council CFO Terry Heymann

Gold miners insist they won't splurge despite price surge

By: Reuters     21st September 2020 The world's top gold miners sought to reassure investors on Monday that they're not going on a spending spree despite surging gold prices boosting their shares and free cash flow. Miners are opting to give more cash back to shareholders rather than plotting takeovers which the market may... 

Gold miners insist they won't splurge despite price surge

Cobalt demand for 5G technology to challenge electric vehicles

By: Reuters     21st September 2020 The need for larger rechargeable batteries and more energy storage for 5G technology is expected to significantly boost demand for cobalt over coming years and potentially pit the sector against electric vehicle makers. Larger batteries, using lithium cobalt oxide chemistry (LCO), are needed in... 

AngloGold reinstates guidance on growing certainty 

By: Martin Creamer     21st September 2020 Gold mining company AngloGold Ashanti on Monday reinstated annual guidance on improved operating certainty amid the Covid-19 pandemic and in anticipation of the conclusion of the sale of its South African assets at the end of this month. All conditions precedent have been met with respect to the... 

AngloGold Ashanti acting CEO Christine Ramon
AngloGold Ashanti acting CEO Christine Ramon

GlobalData expects 1.7% drop in gold output this year

By: Marleny Arnoldi     18th September 2020 The suspension of mining activity owing to Covid-19 restrictions around the world in the second quarter of the year will result in a 1.7% decline in global gold production this year, says data and analytics company GlobalData. It expects almost all top gold producers in key markets, including... 

Cybersecurity has to remain ‘front of mind’ for miners, says panel

By: Simone Liedtke     18th September 2020 As the world becomes more connected through information technology (IT) and operational technology (OT), ABB local division manager for mining solutions John Manuell warns that cybersecurity will need “to remain front of mind”. With the advent and increasing use of digital technologies,... 

Cybersecurity has to remain ‘front of mind’ for miners, says panel

Bullish sentiment about PGMs sector’s immediate outlook, long-term potential 

By: Nadine James     18th September 2020 Speakers at the September 9 virtual 2020 PGMs Industry Day, hosted against the backdrop of historically high prices for certain platinum-group metals (PGMs), seemed cautiously optimistic about the immediate outlook for, and long-term potential of, the PGMs sector. The event, organised by... 

Bullish sentiment about PGMs sector’s immediate outlook, long-term potential

Egoli likely to be S Africa’s least complicated underground gold mine – Pan African  

By: Martin Creamer     17th September 2020 What is expected to be South Africa’s least complicated underground gold mine is on the way at Evander, Mpumalanga, in the form of the Egoli gold project. Planning to bring the low-capital quick-return project to life is Pan African Resources, the London-, Johannesburg- and New York-listed... 

Cobus Loots
Mining Weekly’s Martin Creamer interviews Pan African Resources CEO Cobus Loots. Video: Darlene Creamer.

Report says mining industry has ‘huge SDG potential’, but laments lack of action 

By: Simone Liedtke     17th September 2020 The mining industry, which has a significant role to play in contributing to and achieving the United Nations Sustainable Development Goals (SDGs), is falling short, according to a new report by the Responsible Mining Foundation and Columbia Centeron Sustainable Investment, titled 'Mining and the... 

Platinum jewellery showing signs of resilience post-pandemic, says WPIC

By: Simone Liedtke     16th September 2020 The platinum jewellery market is showing signs of resilience in the wake of the Covid-19 pandemic, supported by new research into consumer sentiment, says the World Platinum Investment Council (WPIC). In a newsletter by the council, published on September 16, it notes that jewellery is the... 

Great opportunity to lock in higher gold price for future – Harmony  

By: Martin Creamer     16th September 2020 The current gold price presents a great opportunity to lock in the higher price for the future, says Harmony Gold FD Boipelo Lekubo, against the backdrop of Harmony’s hedging programme realising gains of R2.2-billion since its inception, but the recent dollar and rand gold prices also negatively... 

Harmony Gold financial director Boipelo Lekubo
Photo by Creamer Media
Harmony Gold financial director Boipelo Lekubo

Digital technologies drive transformation in mining

By: Simone Liedtke     15th September 2020 With many things having changed, never to be the same, Microsoft South Africa enterprise director Amr Kamel says of the power of technology: “It will always help people and organisations to adapt, re-invent and transform”. South Africa’s mining industry contributed R360-billion to the country's... 

Microsoft South Africa enterprise director Amr Kamel
Microsoft South Africa enterprise director Amr Kamel

Mponeng integration presenting ‘wonderful opportunities’ – Harmony Gold  

By: Martin Creamer     15th September 2020 The integration of Mponeng underground gold mine and Mine Waste Solutions surface gold recovery operation into Harmony Gold was presenting “wonderful opportunities” in the West Wits area, Harmony CEO Peter Steenkamp said on Tuesday. Harmony, which will be on site at Mponeng and Mine Waste... 

Peter Steenkamp
Harmony Gold presentation of results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

BP says the era of oil-demand growth is over

By: Bloomberg     15th September 2020 BP said the relentless growth of oil demand is over, becoming the first supermajor to call the end of an era many thought would last another decade or more. Oil consumption may never return to levels seen before the coronavirus crisis took hold, BP said in a report on Monday. Even its most... 

BP says the era of oil-demand growth is over

Platinum’s new sweeter spot elicits multiplicity of optimistic analyst views 

By: Martin Creamer     14th September 2020 The new sweeter spot that platinum group metals has entered drew a multiplicity of mainly optimistic viewpoints from analysts attending the virtual PGM Industry Day. Chaired by business development manager Rand Merchant Bank Henk de Hoop, the viewpoints were provided by Standard Chartered Bank... 

(From left top) Simon Kendall, Patrick Mann, Mandi Dungwa. (From left bottom) Henk de Hoop, Suki Cooper.
Photo by Creamer Media
(From left top) Simon Kendall, Patrick Mann, Mandi Dungwa. (From left bottom) Henk de Hoop, Suki Cooper.

Copper’s outlook buoyant as demand increases

By: Natasha Odendaal     14th September 2020 Fitch Solutions Country Risk and Industry Research has adjusted its 2020 copper price forecast upwards from $5 900/t predicted in March to $6 000/t as demand is supported by the Chinese government’s stimulus and recovery in global economic activity. In its outlook for copper prices update, the... 

Platinum group metals patenting their way into battery EV space 

By: Martin Creamer     14th September 2020 Platinum Group Metals CEO R Michael Jones does not let grass grow under his feet. His parting shot to moderator Bernard Swanepoel at the virtual 2020 PGMs Industry Day last Wednesday was that platinum was on its way into battery electric vehicles as a battery metal. “If you're a great EV... 

Platinum Group Metals CEO R Michael Jones
Platinum Group Metals CEO R Michael Jones

Belgium and Israel auctions net Alrosa $20.7m

By: Creamer Media Reporter      14th September 2020 Diamond miner Alrosa has held two successful auctions of larger diamonds, which deputy CEO Evgeny Agureev said on Monday confirmed the demand for high-quality rough diamonds. At the Israel auction, total proceeds of $13.3-million “significantly exceeded” the reserve price, Agureev said, reporting... 

World’s gold miners wary of production ramp-up despite price surge

By: Reuters     14th September 2020 The world's top gold miners are retrenching after Covid-19 related shutdowns despite record prices for the yellow metal, with cost-conscious executives prioritising investor returns over production growth. Gold prices have jumped 30% this year to roughly $2 000 an ounce as central banks dial up... 

World’s gold miners wary of production ramp-up despite price surge

Hydrogen, platinum fund sets up shop in South Africa with dollars to invest 

By: Martin Creamer     11th September 2020 London-headquartered AP Ventures, an independent venture capital fund focussed on investing in early-stage companies that use or enable the use of platinum group metals (PGMs), has established a presence in South Africa. AP Ventures founding partner Kevin Eggers told this week’s virtual 2020 PGMs... 

Top from left, Anton Berlin, Tim Schlick, Kevin Eggers. Bottom from left Benny Oeyen, Matthias Dohrn, Trevor Raymond.
Photo by Creamer Media
Top from left, Anton Berlin, Tim Schlick, Kevin Eggers. Bottom from left Benny Oeyen, Matthias Dohrn, Trevor Raymond.

Watch out lithium, platinum's eyeing your battery space, says PTM 

By: Martin Creamer     10th September 2020 Electric vehicles (EVs) are synonymous with lithium and fuel cell electric vehicles (FCEV) are synonymous with platinum group metals (PGMs), but will the twain meet? They certainly will if Toronto- and New York-listed Platinum Group Metals (PTM) CEO R Michael Jones has anything to do with it.... 

Sandra du Toit and R Michael Jones (top) and Bernard Swanepoel (below).
Photo by Creamer Media
Sandra du Toit and R Michael Jones (top) and Bernard Swanepoel (below).

BHP links bonuses to climate plan, sets medium-term targets

By: Mariaan Webb     10th September 2020 Diversified major BHP has set medium-term targets for reducing greenhouse emissions, announcing on Thursday that it would reduce emissions by at least 30% from adjusted 2020 levels by the end of this decade. The group has already established its long-term goal of achieving net zero operational... 

BHP CEO Mike Henry
BHP CEO Mike Henry

Platinum has potential to be three-times-bigger $35bn-a-year industry – Minerals Council  

By: Martin Creamer     9th September 2020 Instead of being the $11-billion-a -year type industry that it is today, the platinum business has the potential to be a $35-billion-a-year industry by 2050, Minerals Council South Africa CEO Roger Baxter said on Wednesday. Baxter made this statement in response to a question put to him during a... 

Platinum's huge-potential six-point strategy image.
Minerals Council South Africa CEO Roger Baxter address to PGM Day covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Promoting hydrogen economy should be No1 priority – RBPlat’s Phiri 

By: Martin Creamer     9th September 2020 Promoting the hydrogen economy should be South Africa’s number one priority, Royal Bafokeng Platinum CEO Steve Phiri said on Wednesday. Speaking during a panel discussion on the current state of the platinum group metals industry at the virtual 2020 PGMs Industry Day, Phiri said that this... 

Steve Phiri, Andries Rossouw (from left top) and Natascha Viljoen, Nico Muller (from left bottom)
Photo by Creamer Media
Steve Phiri, Andries Rossouw (from left top) and Natascha Viljoen, Nico Muller (from left bottom)

Sasol gives insight into its automation, digital journey

By: Simone Liedtke     9th September 2020 Implementing a digital transformation strategy is a “must”, rather than an option, and is driven by both external and internal forces, petrochemicals company Sasol Chemicals digital lead Oratile Sematle said on September 8. Speaking during an automation-themed webinar as part of this year’s... 

Sasol gives insight into its automation, digital journey

Natural gas is the rich world’s new coal

By: Bloomberg     9th September 2020 Even the cleanest fossil fuel is losing its appeal to rich nations. Just a few years ago, natural gas was hailed as vital for the transition toward an economy that runs on renewable energy. But sentiment is changing and the fuel is going the same way as coal, its dirtier sibling shunned by... 

Demonstrators protest against the Atlantic Coast pipeline in front of the US Supreme Court in Washington, D.C.
Demonstrators protest against the Atlantic Coast pipeline in front of the US Supreme Court in Washington, D.C.

Data key to long-term optimisation, says SAIMC's first-ever female president 

By: Simone Liedtke     9th September 2020 Describing data as the “new oil” or “new water” of the world, Society for Automation, Instrumentation, Mechatronics and Control (SAIMC) president Annemarie van Coller has emphasised the importance of changing data from “just data to insights”. Speaking during an automation-themed webinar hosted... 

SAIMC president Annemarie van Coller
SAIMC president Annemarie van Coller gives viewers some insight into the data journey. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

Prize potentially large in platinum fuel cell and hydrogen growth – prof   

By: Martin Creamer     8th September 2020 Significant growth in fuel cells and hydrogen is now almost certain and the prize for South Africa remains potentially large. That is the view of E4tech director Professor Dr David Hart of Switzerland, expressed in an address to a fuel cell webinar hosted by Nedbank CIB on Tuesday. (Also watch... 

Professor Dr David Hart
Nedbank CIB fuel cell webinar covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

4IR a ‘unique opportunity’ for Africa to overcome development hurdles 

By: Simone Liedtke     8th September 2020 The Fourth Industrial Revolution (4IR) represents a unique opportunity for African countries to scale development hurdles with the help of technologies, electronics manufacturer Pepperl+Fuchs Africa sales director Marc van Pelt said on September 8. He spoke during an automation-themed webinar,... 

Pepperl+Fuchs Africa sales director Marc van Pelt
Pepperl+Fuchs Africa sales director Marc van Pelt gives us some more insight into how the Fourth Industrial Revolution represents a unique opportunity for Africa, and South Africa. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

Hydrogen economy elevating platinum as store-of-value precious metal – WPIC

By: Martin Creamer     8th September 2020 The hydrogen economy is elevating platinum as a precious metal with long-term store of value, the World Platinum Investment Council (WPIC) said today. The latest edition of WPIC’s Platinum Quarterly states that an evolving global sea-change in the environment debate may also be at play in... 

Green hydrogen in approved country strategies.
Green hydrogen in approved country strategies.

Low-priced platinum outperforming gold as investor sentiment turns positive – WPIC

By: Martin Creamer     8th September 2020 Gold grabs the headlines and platinum less so but it is interesting to note that the platinum price has surged by a far bigger percentage than gold. Increased global risk due to the Covid-19 pandemic has driven strong investor demand for gold as a risk hedge, with gold ETF holdings up over 20%,... 

WPIC's Trevor Raymond
WPIC's Trevor Raymond

Proper ventilation a key tool to prevent the spread of Covid-19 

By: Simone Liedtke     7th September 2020 Indoor ventilation is an important tool to prevent the viral transmission of the Covid-19 virus when correctly applied. Conversely, poor ventilation promotes viral transmission, Engen industrial hygiene specialist Garth Hunter warned during the South African Institute of Occupational Safety and... 

Occupational medicine specialist Dr Greg Kew
Two specialists discuss the importance of proper ventilation as a tool to prevent the viral transmission of Covid-19. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

Gold reserves growth dwindling globally

By: Marleny Arnoldi     4th September 2020 Research agency Standard & Poor’s (S&P's) Global Market Intelligence says major gold miners globally have seen their economically mineable gold reserves decline over the last decade, owing to a lack of new discoveries and a shift away from growth strategies to margin preservation. With top... 

‘Bright future’ ahead for junior miners, says Mines & Money panel

By: Simone Liedtke     4th September 2020 Taking the current ongoing disruption, as a result of Covid-19, into account, private investment company Long State Investment associate Jessie Chen expects a bright future and positive outlook for junior mining companies over the next 12 to 18 months. In a Mines and Money-hosted webinar and... 

‘Bright future’ ahead for junior miners, says Mines & Money panel

Wheaton's Smallwood becomes WGC chair

By: Creamer Media Reporter      4th September 2020 The World Gold Council (WGC) has appointed streaming company Wheaton Precious Metals president and CEO Randy Smallwood as its new chairperson. Smallwood is replacing former AngloGold Ashanti CEO Kelvin Dushnisky, who was appointed WGC chairperson in March. He recently stepped down as CEO of... 

Wheaton's Smallwood becomes WGC chair

Copper heads for historic squeeze with China’s demand red-hot

By: Bloomberg     3rd September 2020 The global copper market could be on the cusp of a historic supply squeeze as Chinese demand runs red hot and exchange inventories plunge to their lowest levels in more than a decade. A growing chorus of traders and analysts say those dwindling spot reserves could trigger a further surge in... 

Copper heads for historic squeeze with China’s demand red-hot

coininvest.com MD laments ‘tremendous challenges’ in platinum demand, supply

By: Simone Liedtke     3rd September 2020 Interest in platinum bars and coins is currently very high, but Germany-based coininvest.com MD Daniel Marburger warns that the industry is facing “tremendous challenges” with supply, especially as there are limited new product announcements, meaning that demand cannot be met. With the advent of... 

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