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Lithium jumps again as miners can’t keep up with battery boom

By: Bloomberg     6th October 2021 Lithium prices extended their yearlong rally as surging demand spurs a shortfall of the key battery material. Prices have more than doubled in the past year, according to a Benchmark Mineral Intelligence index of lithium carbonate and hydroxide. Demand for the materials used in electric cars and... 

Gold production from top ten companies to recover in second-half, says GlobalData

By: Simone Liedtke     6th October 2021 If production guidances are met, the collective production of the top ten global gold producers is expected to recover by about 13.5% in the second half of the year, compared with the first half, says data analytics and consulting company GlobalData. The London-headquartered company notes that... 

Global metals, mining demand ‘tepid at best’ – WoodMac

By: Simone Liedtke     6th October 2021 With the global metals and mining markets having faltered under the weight of Covid-19 pandemic-driven lockdowns, demand outside of China was “tepid at best and in freefall at worst”, says global research and consultancy group Wood Mackenzie (WoodMac). From a mined commodities perspective,... 

Pic of Mining Equipment

WGC supports ICMM members' commitment to net-zero emissions

By: Creamer Media Reporter      6th October 2021 World Gold Council (WGC) CFO Terry Heymann says the organisation is encouraged by the commitments made by International Council on Mining and Metals (ICMM) members to achieve net-zero Scope 1 and 2 greenhouse-gas (GHG) emissions by 2050 or sooner. The ICMM on October 5 published a statement... 

Innovative wireless sensor approach could make exploration cheaper – Prof  

By: Martin Creamer     5th October 2021 An innovative wireless sensor method of mapping the subsurface of the earth could make exploration cheaper and mining safer, says Professor Musa Manzi, the award-winning director of the Seismic Research Centre of the School of Geosciences at the University of the Witwatersrand. The method, which... 

Picture supplied
Wits Professor Musa Manzi interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Diamond industry ‘ready to reform’ with launch of upgraded industry-applied mechanism

By: Simone Liedtke     5th October 2021 The World Diamond Council (WDC) has launched its upgraded System of Warranties (SoW), which is an industry-applied mechanism that links rough and polished diamonds to the Kimberley Process Certification Scheme (KPCS) with which producers were originally associated. Participants are also required... 

Manganese expert warns of sulphate supply deficit for battery EVs

By: Simone Liedtke     5th October 2021 With no shortage of manganese expected any time soon, commodities research, consulting, financial advisory CPM Group special adviser and expert in manganese Andrew Zemek believes current global reserves of this ferro-alloy could last up to 325 years at the current rate of production. This, he... 

Central bank gold buying slows to a more modest level

By: Marleny Arnoldi     5th October 2021 Central banks bought 28.4 t of gold in August, which was a 9% decline month-on-month, the World Gold Council (WGC) reports. Not including January's 11.2 t of net sales, this is the lowest level of monthly central bank net purchases so far. 

Investment in mining crucial to ensure continued contribution to economy – PwC  

By: Martin Creamer     5th October 2021 Investment in the mining industry is crucial to ensure its continued contribution to the South African economy, says PwC in its thirteenth edition of SA Mine 2021, a series of publications that highlights trends in the South African mining industry. In a year of doom and gloom on so many fronts,... 

Creamer Media screenshots and design of elements presented at PwC SA Mine 2021
PwC presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

ICMM members collectivity commit to net zero by 2050, or sooner 

By: Simone Liedtke     5th October 2021 Members of the International Council on Mining and Metals (ICMM) have committed to a goal of net zero Scope 1 and 2 greenhouse-gas emissions by 2050 or sooner, in line with the ambitions of the Paris Agreement. This landmark commitment was made in an open letter signed by the CEOs of ICMM company... 

An image of solar panels

Giant private mining companies getting away with no obligation to report anything publicly   

By: Martin Creamer     4th October 2021 A globally significant chrome producer operating six chrome mines and employing 7 000 people inside South Africa – with a social labour plan obligation on every mine, with tax and royalty obligations paid to the State – is permitted to operate in this country with no ongoing public disclosure... 

Creamer Media screenshot of Paul Miller taken during Zoom interview on 4 October 2021
AmaranthCX director Paul Miller interviewed on transparency by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Made-from-carbon-dioxide concrete, lululemons and diamonds spark investor excitement

By: Reuters     4th October 2021 What do diamonds, sunglasses, high-end lululemon sportswear and concrete have to do with climate change? They can all be made using carbon dioxide (CO2), locking up the planet warming gas. And tech startups behind these transformations are grabbing investor attention. 

Headwinds mounting for world economy into final stretch of 2021

By: Bloomberg     4th October 2021 The global economy is entering the final quarter of 2021 with a mounting number of headwinds threatening to slow the recovery from the pandemic recession and prove policy makers’ benign views on inflation wrong. The spreading delta variant continues to disrupt schools and workplaces. US lawmakers... 

Platinum offering good relative value as investment – Northam 

By: Martin Creamer     4th October 2021 Platinum is viewed as an investment case for the moment and is offering good relative value, says Northam Platinum CEO Paul Dunne. Palladium appears more vulnerable than platinum to vehicle production downside risks, says World Platinum Investment Council (WPIC) institutional distribution head... 

Screenshot of Paul Dunne taken during Northam presentation early 2021
Photo by Creamer Media
Northam Platinum CEO Paul Dunne

Northam board approves renewable energy projects plus hydrogen project 

By: Martin Creamer     1st October 2021 The board of platinum group metals (PGMs) mining company Northam Platinum has given its approval for the building of three renewable energy projects at three of the company’s mines plus a hydrogen project at one of them. Northam Platinum CFO Alet Coetzee said this week that board approval had... 

Creamer Media screenshot of Alet Coetzee, CFO of Northam Platinum, during presentation of annual results on 30 Sept 2021
Photo by Creamer Media
Northam Platinum CFO Alet Coetzee

Countercyclical Northam growth strategy creates 8 000 jobs, 2 000 this year  

By: Martin Creamer     30th September 2021 The record operational and financial performance of Northam Platinum in the 12 months to June 30 was accompanied by the creation of 2 335 new sustainable jobs, which takes the total generated by the platinum group metals (PGMs) mining company well-timed growth strategy from 2015 to 8 232. In... 

Creamer Media screenshot of Paul Dune taken during 2021 results presentation in September
Northam Platinum’s record financial results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Northam Platinum’s headline earnings soar 215%

By: Martin Creamer     30th September 2021 The normalised headline earnings of platinum group metals (PGMs) mining company Northam Platinum soared by more than 215% to R10.9-billion in what was a record operational and financial performance in the 12 months to June 30. The JSE-listed company stated on Thursday that its earnings before... 

Creamer Media picture of Northam CEO Paul Dunne.
Photo by Creamer Media
Northam Platinum CEO Paul Dunne

South32 to acquire up to 25% more of Mozal Aluminium

By: Martin Creamer     30th September 2021 South32 has exercised its pre-emptive rights to acquire up to an additional 25% shareholding and related rights in Mozal Aluminium, from Mitsubishi’s MCA Metals. In doing so, the Sydney- and Johannesburg-listed diversified mining company will match a headline purchase price of $250-million to... 

Picture supplied by South32 of Graham Kerr
South32 CEO Graham Kerr

Sibanye-Stillwater moving to radical transparency on public tailings disclosure 

By: Martin Creamer     29th September 2021 Gold, platinum and green metals company Sibanye-Stillwater is moving towards the embrace of radical transparency when it comes to public disclosure on matters relating to tailings facilities against the backdrop of 230 significant tailings failures having taken place globally. Sibanye-Stillwater... 

Creamer Media screenshot
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Digitisation slashes Sibanye-Stillwater’s loco incidents 

By: Martin Creamer     29th September 2021 Digitisation has slashed by nearly 70% underground locomotive incidents at Sibanye-Stillwater’s South African gold and platinum group metal (PGM) mines. The digital locomotive systems improve safety and productivity by managing interactions and logistics. 

Creamer Media screenshot of Sibanye-Stillwater DigiMine presentation at Wits University.
A total of 1 152 locomotives move 36-million tons of ore and interface with 58 500 employees in a confined area.

Green Sedibelo will use 82% less electricity to take PGMs all the way to end consumer  

By: Martin Creamer     28th September 2021 Platinum group metals (PGMs) producer Sedibelo Platinum Mines is well on its way to becoming the lowest of low-energy PGM energy users and the highest of high on-site beneficiators of metals that are key in the global fight against climate change. Sedibelo’s technology sensation is the remarkable... 

Creamer Media screenshot of Arne Frandsen of Pallinghurst
Pallinghurst managing partner and cofounder Arne Frandsen speaks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer

New Mokala manganese mine heading for steady state, solar power 

By: Martin Creamer     28th September 2021 With mining now ramping up, the new Mokala manganese mine in the Northern Cape anticipates being at steady state production by the third quarter of 2021. Once that happens, the mine expects to be producing more than one-million tonnes of manganese ore a year, with an opencast life-of-mine of more... 

Supplied picture of Mokala Manganese
The new Mokala manganese mine is in the Northern Cape.

Green 175 MW power for Sibanye-Stillwater platinum group metal mines  

By: Martin Creamer     27th September 2021 A total of 174 MW of clean, green renewable power is on the way for Sibanye-Stillwater’s platinum group metal (PGM) mines in South Africa. The total cost of the three project scheme will be in the order of R2.5-billion to R2.8-billion. 

Creamer Media Screenshot of Jevon Martin
A total of 174 MW of clean, green renewable power is on the way for Sibanye-Stillwater’s platinum group metal (PGM) mines in South Africa.

Long-term supply contracts shielding Sibanye-Stillwater from PGMs price swing 

By: Martin Creamer     23rd September 2021 Platinum group metals (PGMs) mining and marketing company Sibanye-Stillwater has emphasised its strong long-term supply contract positions in the face of the current spot price pendulum swinging away from the sky-high price levels of earlier this year. Most of the sales of the Johannesburg- and... 

Creamer Media screeenshot
Sibanye-Stillwater PGM Investor Day covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

How Exxaro is advancing from coal into global renewable energy   

By: Martin Creamer     23rd September 2021 It is important to note that the renewable energy focus of coal company Exxaro is not a new focus but a re-focus on a strategy that has been in evidence for more than ten years, says Exxaro Energy MD Roland Tatnall. The Johannesburg Stock Exchange company’s strategy just unveiled has been the... 

Creamer Media screenshot taken during Capital Markets Day in 2021
It is important to note that the renewable energy focus of coal company Exxaro is not a new focus but a re-focus on a strategy that has been in evidence for more than ten years.

Chip uncertainty causing PGMs price uncertainty – chief investment officer  

By: Martin Creamer     22nd September 2021 The general feeling is that chip capacity will slowly start coming back in the next few months, but only to return the auto industry back to where it was pre-Covid, and not to the post-Covid surge, which resulted in platinum group metals (PGMs) prices going through the roof. If the global auto... 

Creamer Media picture of Bruce Williamson
Integral Asset Management Chief Investment Officer Bruce Williamson interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Exxaro’s Cennergi to decarbonise group’s own coal mines plus mining industry    

By: Martin Creamer     21st September 2021 Cennergi, the wholly owned renewable energy arm of coal mining company Exxaro and South Africa’s second-largest renewable energy company, is being deployed to decarbonise the Johannesburg Stock Exchange-listed company’s own coal mines. In addition, Exxaro, through Cennergi, is in discussion with... 

Screenshot of Exxaro CEO Mxolisi Mgojo
Exxaro CEO Mxolisi Mgojo interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

South Deep gold mine to trial battery electric vehicle next year – Gold Fields 

By: Martin Creamer     21st September 2021 Gold mining company Gold Fields has reached agreement with global engineering group Sandvik to trial a battery electric vehicle (BEV) underground loader at its South Deep gold mine, with the project starting towards the back end of next year, Gold Fields EVP for South Africa Martin Preece said on... 

Gold Fields and Sandvik cooperating on BEVs
Gold Fields EVP for South Africa Martin Preece

Exxaro targeting manganese, bauxite, copper as part of decarbonisation strategy 

By: Martin Creamer     20th September 2021 By investing in operating manganese, bauxite and copper assets, the new Exxaro Minerals business could represent 50% of expected coal earnings within ten years, Exxaro CEO-designate and MD Minerals Dr Nombasa Tsengwa stated on the Johannesburg Stock Exchange-listed coal company’s website on... 

Creamer Media screenshot taken during 2021 presentation of Exxaro results
Photo by Creamer Media
Exxaro CEO-designate and MD Minerals Dr Nombasa Tsengwa

Glencore is leading transition metals major, says Deutsche Bank Research 

By: Martin Creamer     20th September 2021 Glencore is the leading major mining company when it comes to its portfolio of transition metals, says Deutsche Bank Research. The bank’s research analysts afford Glencore a top 1-to-5 position in copper, cobalt, zinc and nickel – metals they describe as being central to world’s decarbonisation... 

Screenshot of commodity revenue calculation by Morgan Stanley Research
Revenue by commodity calculated by Morgan Stanley Research

Save SA Smelters responds to ChromeSA’s ‘high-risk’ analysis 

By: Martin Creamer     17th September 2021 The Save SA Smelters movement, which has thrown its full weight behind the decision of the Cabinet to impose an export tax on raw chrome leaving the country, on Friday responded to the analysis of ChromeSA that the imposition of such a tax would be high risk. ChromeSA was formed late last year... 

Picture of protestors holding Save SA Smelters placards
Placard-bearing Save SA Smelters members.

Nickel output poised for steady growth up to 2030

By: Marleny Arnoldi     17th September 2021 Research agency Fitch Solutions expects nickel mine production to grow strongly between 2021 and 2023, owing to less disruption from Covid-19 and amid a high price environment. The agency believes that output growth in the near term will be particularly driven by Indonesia, provided that it... 

An image of nickel ore being loaded.

Coal funding persists even as climate concern grows, report says

By: Bloomberg     17th September 2021 Coal might be the dirtiest word in climate politics in the run up to the United Nations COP26 summit, but that doesn’t mean financing for it has dried up. A total of $42 billion was committed to financing coal-fired power plants from 2013 to 2019 in 18 nations with the biggest percentage of... 

Zinc output set to recover this year, says GlobalData

By: Marleny Arnoldi     17th September 2021 Data and analytics company GlobalData says zinc production is set to recover by about 5.2% this year, reaching 12.8-million tonnes, from a 5.9% decline in 2020, to 12.1-million tonnes. Looking at production over 2021 to 2025, the company forecasts a compound annual growth rate of 2.1% and for... 

Bush clearing, shaft rehab under way at West Wits gold revival project  

By: Martin Creamer     16th September 2021 Australia-listed West Wits Mining, which is considering a secondary listing on the JSE, has commenced bush clearing and old shaft rehabilitation west of Johannesburg, as part of its far-reaching revival plans for an area where gold mining took place as recently as 20 years ago. West Wits Mining,... 

West Wits MD Jac van Heerden. Submitted picure.
West Wits Mining MD Jac van Heerden interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Queen’s Virtues coin series now features platinum

By: Marleny Arnoldi     16th September 2021 The Treasury of St Helena and The East India Company have added platinum to its St Helena Queen’s Virtues Series of coins. To provide choice for investors, the companies have included three sizes – 1 oz, 0.5 oz and 0.10 oz – in the 2021 Queen’s Virtues Victory coin range.  

St Helena's platinum Queen's Virtues Victory coin
Treasury of St Helena's platinum Queen's Virtues Victory coin

Saudi Arabia ‘very much open for business’, official tells mining event

By: Creamer Media Reporter      15th September 2021 Saudi Arabia is “very much” open for business, Vice-Minister of Mining Affairs Khalid Al-Mudaifer told the MINExpo International this week, outlining opportunities for investors, explorers, miners and service providers. Saudi has singled out mining to become the third pillar of the country’s... 

Solar power set to reduce Pan African’s reliance on Eskom by 30%   

By: Martin Creamer     15th September 2021 The generation of solar power by top-performing gold mining company Pan African Resources is expected to lower reliance on power utility Eskom by 30%, Pan African CEO Cobus Loots said on Wednesday, when the London Aim- and JSE-listed company reported record profit after tax and proposed its... 

Screenshot by Creamer Media
The generation of solar power by top-performing gold mining company Pan African Resources is expected to lower reliance on power utility Eskom by 30%
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