https://www.miningweekly.com
R/€ = 18.12 Change: -0.11
R/$ = 16.02 Change: -0.13
Au 1779.69 $/oz Change: -13.45
Pt 934.00 $/oz Change: -18.75
 

Middle East News

Sibanye-Stillwater shoots lights out with super record performance 

By: Martin Creamer     26th August 2021 Precious metals mining company Sibanye-Stillwater  on Thursday delivered another record financial performance for the six months ended June 30. The JSE- and New York-listed company headed by Neal Froneman reported significantly higher production year-on-year from the South African platinum group... 

ICMM releases updated water reporting guide 

By: Simone Liedtke     25th August 2021 The International Council on Mining and Metals (ICMM) has launched an updated ‘Water Reporting: Good Practice Guide’ to improve the quality and consistency of corporate water reporting and enhance stakeholders’ understanding of, and ability to use, water reports and associated data. The new... 

Pic/Image of Water bubbles.

China eyes $1tr of minerals with risky bet on Taliban

By: Bloomberg     25th August 2021 When the US invaded Afghanistan in 2001, the global economy looked a lot different: Tesla wasn’t a company, the iPhone didn’t exist and artificial intelligence was best known as a Steven Spielberg film. Now all three are at the cutting edge of a modern economy driven by advancements in high-tech... 

An image of mountains in Afghanistan.

Aluminium near three-year high as disruptions tighten market

By: Bloomberg     25th August 2021 Aluminum traded near the highest level in more than three years as supply disruptions tightened the market. The metal has surged 32% this year, second only to tin among the six base metals traded on the London Metal Exchange, propelled by a global economic recovery that’s expected to fuel... 

An image showing stacks of aluminium.

Iron-ore jumps as bets on economic recovery fuel demand optimism

By: Bloomberg     24th August 2021 Iron-ore surged on expectations a recovery in economic growth, including additional support from the Chinese government, will boost demand for steel. Futures in Singapore rebounded as much as 10% as a potential boost to the U.S. vaccination drive lifted sentiment across assets from stocks to base... 

With Richards Bay Minerals operations resuming is there still hope for Zulti South? 

By: Martin Creamer     24th August 2021 Diversified mining company Rio Tinto announced on Tuesday that it had commenced the process of restarting operations at Richards Bay Minerals, in KwaZulu-Natal. This follows a stabilisation of the security situation around the mine, supported by the national and provincial government, as well as... 

A picture showing flaming mineral sands metals at Richards Bay Minerals in KwaZulu-Natal.
Activity at Richards Bay Minerals.

Australia, Guinea to drive bauxite production growth trend

By: Marleny Arnoldi     23rd August 2021 Analytics company GlobalData says bauxite is poised to continue on a growth trajectory globally, with production expected to increase by 3.8% year-on-year this year to reach 372-million tonnes. This follows a 1.2% rise in bauxite output recorded in 2020 to 359-million tonnes.  

IDC in discussion on the introduction of an exploration fund – Demana   

By: Martin Creamer     23rd August 2021 The Industrial Development Corporation (IDC) is in discussion on the introduction of a fund to underpin much-needed exploration in South Africa. This was stated by Reginald Demana, the IDC’s head of mining and metals, infrastructure and energy, in a wide-ranging Zoom interview with Mining Weekly.... 

Reginald Demana picture from files
IDC Mining, Metals, Infrastructure & Energy Head Reginald Demana interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Taliban's return clouds long-delayed plans for Afghanistan's resources

By: Reuters     19th August 2021 China is warily eyeing the resumption of some Afghan resource projects but it will take years before the infrastructure is ready while security issues threaten to once again stall projects, according to state media and industry sources. Afghanistan's vast mineral wealth - including large reserves... 

An image of a fighter in Afghanistan

Gold Fields' half-year earnings up 33%, interim dividend lifted

By: Martin Creamer     19th August 2021 Gold mining company Gold Fields on Thursday announced 33% higher normalised half-year earnings to $431-million, which has opened the way for the declaration of an increased interim dividend. In line with its policy of paying  between 25% and 35% of normalised profit as dividends, the... 

Picture of Gold Fields CEO Chris Griffith provided
Gold Fields CEO Chris Griffith

Most miners are falling short of carbon cuts needed for UN goal

By: Bloomberg     18th August 2021 The mining industry is falling short on cutting greenhouse-gas emissions enough to limit global warming, even after stepping up efforts to help combat climate change. Only 11 out of 46 metal and mining companies analysed by Bloomberg Intelligence have carbon-reduction targets that match levels... 

South Africa on verge of nice breakthroughs in hydrogen, says new SAIMM president  

By: Martin Creamer     17th August 2021 South Africa is on verge of nice breakthroughs in hydrogen, says newly elected Southern African Institute of Mining and Metallurgy (SAIMM) president Isabel Geldenhuys. Speaking to Mining Weekly in a Zoom interview, Geldenhuys expressed the view that all the big mines with big moving machinery... 

An image of new SAIMM president Isabel Geldenhuys
South African Institute of Mining and Metallurgy president Isabel Geldenhuys interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Industrial 5G can unlock mining efficiency

By: Simone Liedtke     17th August 2021 Industrial 5G is unlocking efficiency in mining for improved productivity, safety, environmental sustainability and global competitiveness. These impacts will be realised through the introduction of next-generation mining technology, called Next Generation Mining (NGMining). 

EV makers eye bigger battery-metals role by inking mining deals

By: Bloomberg     17th August 2021 Electric vehicle (EV) makers are pushing for an intermediary role in mining to secure supplies of key battery metals, according to the head of Wheaton Precious Metals Corp. “We’ve had discussions on that and Tesla has definitely explored these options,” CEO Randy Smallwood said Friday in a phone... 

Wheaton Precious Metals CEO Randy Smallwood
Wheaton Precious Metals CEO Randy Smallwood

Weekly Coal Index Report

16th August 2021 If South African coal exporters are buzzing with excitement at spot prices of around $140/t, they are surely eyeing their Australian counterparts with sweaty palms. At just over $170/t, Newcastle is near its record highs, whilst Indonesian coal, favoured by China after its Australian ban, has... 

An image of the spot coal prices for July and August

Barrick takes on surface haul truck electrification challenge 

By: Marleny Arnoldi     16th August 2021 Global miner Barrick Gold Corporation has joined an industry-wide effort to cut emissions from surface mining, called Charge on Innovation Challenge. The challenge takes the form of a global competition and seeks to leverage the experience of various industries to develop new concepts and... 

A photo of Mark Bristow, the president and CEO of Barrick Gold
Photo by Bloomberg
Barrick president and CE Mark Bristow

Thermal coal price recovery buoys Thungela maiden interim  

By: Martin Creamer     13th August 2021 New coal mining company Thungela Resources on Friday reported interim results for the six months ended June 30 after one month of operating as an independent business. Thungela generated half-year operating profit of R990-million, adjusted earnings before interest, taxes, depreciation and... 

Picutre of Thungel CEO provided by Thungela
Thungela CEO July Ndlovu

Exxaro ups coal volume at risk owing to Transnet challenges to three-million tonnes  

By: Martin Creamer     12th August 2021 Based on current performance, coal-mining company Exxaro has upped the second half of the year volume of coal at delivery risk, owing the ongoing Transnet Freight Rail (TFR) challenges, to three-million tonnes. “Previously we have highlighted what we believe will be the amount of volumes that... 

Screenshot taken during Exxaro Aug 2021 presentation
Exxaro half-year results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Coal miner Exxaro to spell out decarbonisation strategy on Sept 20  

By: Martin Creamer     12th August 2021 The investment by diversified coal, energy and ferrous resources group Exxaro Resources in the renewable energy company Cennergi will further support the company’s decarbonisation strategy, Exxaro CEO Mxolisi Mgojo said when the JSE-listed company reported sterling half-year financial results... 

Screenshot of Exxaro CEO during presentation of half-year 2021 results.
Exxaro half-year results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

First phase of global technology challenge a major success - BHP

By: Esmarie Iannucci     12th August 2021 Diversified miner BHP this week revealed that the Charge On Innovation Challenge, had received overwhelming response in its preliminary phase, which closed at the end of July. BHP said that 21 mining companies had joined as patrons, with over 350 companies from across 19 industries registering... 

Exxaro ups interim dividend on higher half-year income inflows

By: Martin Creamer     12th August 2021 Diversified coal, energy and ferrous resources group Exxaro on Thursday announced a substantially higher interim dividend on iron-ore boosted half-year income inflows in the six months to June 30. Headline earnings leapt 105% to R6 804-million on the 180% increase to R4 062-million in... 

Image of a wind farm deveoped by Exxaro's Cennegi.
Photo by Creamer Media
Exxaro's renewable energy business Cennergi helped to lift half-year revenue.

Iron-ore prices starting to weaken, mine supply rising – Fitch Solutions

By: Marleny Arnoldi     11th August 2021 The iron-ore price rally is finally starting to show signs of weakening, which will continue into coming months, says research agency Fitch Solutions. The agency explains that demand strength from Chinese steel producers witnessed in the first half of the year is stabilising as stimulus-related... 

Friendly South African face could quickly attract exploration investment – Bristow 

By: Martin Creamer     11th August 2021 South Africa looks a lot like the global gold mining industry in that it has not encouraged reinvestment in its mining industry’s future, says Barrick Gold president and CE Dr Mark Bristow. "In fact, if anything, South Africa has harvested what it received back in 1994," adds Bristow, a hugely... 

A picture of Mark Bristow, taken from quarterly Barrick presentation on August 9, 2021
Photo by Creamer Media
Barrick president and CE Dr Mark Bristow.

Fitch Solutions expects a good year for tin output amid price rally

By: Marleny Arnoldi     10th August 2021 Market research firm Fitch Solutions says high prices and less interruption from Covid-19 are driving tin mine production growth this year. This is a positive turn on the 1.3% year-on-year contraction in tin mine output recorded in 2020. 

Tin ore
Photo by Bloomberg
Tin ore

Major new climate report puts pressure on COP26 to ‘consign coal to history’

By: Bloomberg     9th August 2021 A landmark report by climate change scientists released Monday is expected to ratchet up the pressure on world leaders to rapidly end the use of polluting fossil fuels. Some of the most important readers of the 3 949-page report by the United Nations-backed Intergovernmental Panel on Climate... 

A coal-fired power station owned and operated by South African power utility Eskom

Flash crash shows why it’s tough to be bullish on gold right now

By: Bloomberg     9th August 2021 Gold’s swift drop to the lowest since March has highlighted a tough truth for the precious metal -- there’s a growing list of reasons to be gloomy. While Monday’s flash crash was exaggerated by a combination of technical factors and poor liquidity, the initial trigger remains true -- strong US... 

Barrick Gold sees little hit from inflation, reaffirms 2021 targets

By: Reuters     9th August 2021 Barrick Gold, said on Monday it was not expecting a major hit from inflation this year and stuck to its full-year forecasts as prices for the yellow metal tick up. CEO Mark Bristow said the miner had accounted for costs at current levels, but if costs climbed further, Barrick could see a 1%... 

An image of Barrick CEO Mark Bristow
Barrick CEO Mark Bristow

Ferrochrome is part of the green revolution – Glencore 

By: Martin Creamer     6th August 2021 Diversified mining and marketing company Glencore views the ferrochrome market as being particularly strong currently. “We've seen very healthy ferrochrome prices and good cash generation in that business,” Glencore CEO Gary Nagle said. 

An image showing wind turbines in Canada
Glencore, which uses wind turbine generated energy in Canada and Australia, is looking to also do so in South Africa.

AngloGold reports H1 costs spike, lowers full-year guidance 

By: Marleny Arnoldi     6th August 2021 Despite an array of challenges experienced in the six months ended June 30, JSE-listed gold miner AngloGold Ashanti managed to lower its adjusted net debt by 41% year-on-year to $850-million and declared an interim dividend of $0.06 apiece. The company did, however, lower its production guidance... 

An image of Christine Ramon, the interim CEO of AngloGold Ashanti
AngloGold Ashanti interim CEO Christine Ramon

Glencore top-up lifts planned shareholder returns to $2.8-billion 

By: Martin Creamer     5th August 2021 Diversified mining and marketing company Glencore on Thursday announced additional shareholder returns, comprising a $0.5-billion special cash distribution for payment in September and a $650-million share buyback to be completed by the release of full-year results next year. This overall top-up... 

A picture of Gary Nagle, who has taken over from Ivan Glasenberg as CEO of Glencore.
Glencore CEO Gary Nagle

Alara starts construction in Oman

By: Esmarie Iannucci     5th August 2021 Construction activities have started at the Al Wash-hi Majaza copper-gold project, in Oman, in which ASX-listed Alara Resources holds a 51% interest. “Breaking of ground for the accommodation village in preparation for the construction of mine-site infrastructure is the most important milestone... 

Green hydrogen has significant growth potential as a zero-carbon fuel, says the WPIC

By: Simone Liedtke     4th August 2021 Energy company Siemens Gas and Power estimates that, by 2050, hydrogen demand will have risen to over 450 megatons a year, be dominated by green hydrogen and be essential to achieving global decarbonisation. Hydrogen demand is currently at between 70 and 80 megatons a year and over 90% of... 

RBPlat CEO Steve Phiri sees PGMs market remaining strong   

By: Martin Creamer     4th August 2021 Royal Bafokeng Platinum (RBPlat) CEO Steve Phiri sees the market for platinum group metals (PGMs) remaining strong for many years to come. In a Zoom interview with Mining Weekly following the JSE-listed PGM mining company’s presentation of outstanding record financial results, Phiri outlined the... 

A picture of the surface operations of the Styldrift mine
Royal Bafokeng Platinum CEO Steve Phiri interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

CATL's new sodium ion battery to help ease lithium shortages

By: Reuters     3rd August 2021 The development of a new sodium-ion battery by Chinese battery giant CATL is expected in the coming years to relieve pressure on lithium supplies, which are forecast to see shortages as early as 2022. As the world seeks to cut carbon emissions, partly by ramping up electric vehicle (EV) output,... 

Soaring aluminum drives up cost of everything from beer to foil

By: Bloomberg     3rd August 2021 For consumers and economists hoping commodities inflation will soon subside, the aluminum market delivered some discouraging news on Monday. The world’s second-largest brewer, Heineken, said the rising costs of freight and the metal used in beer cans will have a “material effect” on profit next... 

IMF nations approve record $650bn to aid virus fight

By: Bloomberg     3rd August 2021 The International Monetary Fund approved the biggest resource injection in its history, with $650-billion meant to help nations deal with mounting debt and the fallout from the Covid-19 pandemic. The creation of the reserve assets – known as special drawing rights – is the first since the... 

An image of the International Monetary Fund's logo

Gold can still top $3 000 amid recovery, says Quadriga fund

By: Bloomberg     2nd August 2021 Gold is primed to surge to fresh highs as the risks around central banks unwinding massive stimulus are under-appreciated by investors, said a fund manager who forecast the metal’s ascent to a record last year. Diego Parrilla, who manages the $250-million Quadriga Igneo fund, said there isn’t... 

Gold can still top $3 000 amid recovery, says Quadriga fund

Weekly Coal Index Report

2nd August 2021 South Africa’s Eskom has presented its decarbonisation plans going forward, which sees gas, solar and wind as preferred future technologies, assisted by micro grids and battery storage. The old coal stations (Komati, Grootvlei and Camden) are likely targets for gas conversion but of course these... 

A graph showing the spot prices of coal in July 2021.
2 3 4 5
6
7 8 9 10

Latest News

more

Latest Videos

more

Latest News: Africa and Europe

Latest News: Americas

more

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119
Free daily email newsletter Register Now