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Middle East News

IEA says oil demand likely to rise until 2026

By: Marleny Arnoldi     17th March 2021 Based on the current policy settings, global oil demand is set to rise every year to 2026, says the International Energy Agency (IEA). Although world oil markets have rebounded from the massive demand shock triggered by Covid-19, they still face a high degree of uncertainty that is testing the... 

Automakers using know-how to accelerate the uptake of platinum-based fuel cell systems 

By: Simone Liedtke     17th March 2021 While it is widely accepted that for hydrogen to fulfil its potential in enabling the clean energy transition, collaboration is essential and a recent report by the Hydrogen Council talks of the need to accelerate product and solution development, while acknowledging that this will require new... 

Rohitesh Dhawan to succeed Tom Bulter as ICMM CEO

By: Schalk Burger     17th March 2021 International organisation the International Council on Mining and Metals (ICMM) has appointed sustainability specialist Rohitesh Dhawan to succeed Tom Bulter as ICMM CEO from April 6. The appointment was made after a competitive global selection process. 

Rohitesh Dhawan
Rohitesh Dhawan

Capital awarded two new contracts at AngloGold’s Geita

By: Simone Liedtke     16th March 2021 Mining services company Capital has been awarded two new long-term three-year contracts at AngloGold Ashanti’s Geita gold mine, in Tanzania. The new contracts are scheduled to start on April 1, and are expected to generate revenues of $65-million over the contract term. 

South Africa has opportunity to win back lost share of global vanadium market – Bushveld   

By: Martin Creamer     16th March 2021 South Africa has an opportunity to win back its lost share of the global vanadium market, which at one stage stood at 25%-plus, says Bushveld Minerals CEO Fortune Mojapelo. Mojapelo, who was speaking to Mining Weekly in a Zoom interview, contends that South Africa has the wherewithal to regain... 

Bushveld Minerals CEO Fortune Mojapelo
Bushveld Minerals CEO Fortune Mojapelo talks on vanadium to Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Diamond, responsible jewellery councils ink partnership agreement

By: Simone Liedtke     16th March 2021 The World Diamond Council (WDC) and the Responsible Jewellery Council (RJC) have entered into a cross-membership partnership and signed mutual codes of conduct, which will help increase knowledge-sharing, pilot new initiatives and increase the positive impact they both make on the lives and... 

Aluminium industry aims to reduce emissions by 80% by 2050

By: Schalk Burger     16th March 2021 Global industry organisation the International Aluminium Institute (IAI) has published three main pathways that the industry can take to reduce its emissions by 80% by 2050 and meet internationally agreed climate goals, supply demand for primary aluminium that will increase by up to 40% and more... 

Aluminium industry aims to reduce emissions by 80% by 2050

Circular economy to play ‘increasingly larger role’ in copper supply over coming years

By: Simone Liedtke     15th March 2021 The demand for copper – primarily driven by the transition to low-carbon energy and technologies, electrification and electric vehicles (EVs) – is expected to double to an average of 60-million tonnes a year by 2050, Glencore Recycling global commercial lead Kunal Sinha said during a conference... 

Local battery material champions planning first-mover advances into new geographies 

By: Martin Creamer     15th March 2021 South Africa’s team of local battery material champions are planning first-mover advances into new geographies. Mining Weekly can today report that Thakadu Battery Materials, which is producing high-purity battery-grade nickel sulphate for export, has a pipeline of new projects in place that will... 

Thakadu Battery Materials CEO Ruli Diseko
Thakadu Battery Materials CEO Ruli Diseko

Trafigura CEO expects 10Mt supply deficit in copper market by 2030

By: Reuters     12th March 2021 Global commodities trader Trafigura sees a significant supply deficit in the copper market and a prolonged high-price cycle, its chief executive Jeremy Weir told the Fastmarkets Copper Seminar. "We see a significant deficit, possibly in the region of ten-million tonnes of additional copper is... 

Just clearing exploration backlog would be huge leap forward – Miller  

By: Martin Creamer     12th March 2021 Ahead of tackling policy issues, incremental ongoing effort must be prioritised to clear South Africa’s huge mineral exploration and mining rights backlog, says AmaranthCX director Paul Miller. The backlog currently stands at more than 5 000 unprocessed exploration applications and  235... 

AmaranthCX director Paul Miller.
AmaranthCX director Paul Miller talks exploration to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

ICMM confident of broad-based uptake of tailings standard 

By: Marleny Arnoldi     12th March 2021 Since the launch of the Global Industry Standard on Tailings Management on August 5 last year, investors and industry organisations alike have been working to ensure the implementation of the standard by the global mining industry. During a session of this year’s Prospectors & Development... 

Rick Menell resigns as Gold Fields director

By: Creamer Media Reporter      11th March 2021 Rick Menell has resigned as nonexecutive director and deputy chairperson of Gold Fields, with effect from March 10. His resignation follows a successful tenure of 13 years as a nonexecutive director of the company. 

Rick Menell
Photo by Creamer Media
Rick Menell

Glencore chairman to step down before next year's AGM

By: Reuters     11th March 2021 Glencore chairperson Anthony Hayward will step down before next year's annual general meeting, he said in the company's annual report published on Thursday. Hayward, 63, said the board had recommended to shareholders that he remain in the role while the senior management succession is concluded. 

Dividend-paying Gem Diamonds working on technologies to reduce diamond damage  

By: Martin Creamer     11th March 2021 Diamond mining and marketing company Gem Diamonds is advancing innovative technologies that reduce diamond damage by ejecting rock non-mechanically and being able to see diamonds in a certain size of rock, Gem CEO Clifford Elphick said on Thursday when the London-listed company reported positive... 

Gem CEO Clifford Elphick
Gem Diamonds results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

BlackRock says gold ‘failing’ as equity hedge, faces headwinds

By: Bloomberg     11th March 2021 Global money manager BlackRock just delivered a double-barreled warning on the merits of holding traditional haven gold right now. Bullion is proving to be a less effective hedge against moves in other assets, such as stocks, as well as inflation, according to Russ Koesterich, portfolio manager... 

BlackRock says gold ‘failing’ as equity hedge, faces headwinds

Israeli billionaire loses Trump-granted sanction reprieve

By: Bloomberg     11th March 2021 The US will end a temporary sanctions reprieve for Israeli billionaire Dan Gertler, according to the State Department, reversing a decision granted in the Trump administration’s final days. The US sanctioned Gertler and his companies in 2017 for allegedly corrupt mining and oil deals in the... 

Israeli billionaire loses Trump-granted sanction reprieve

$7.7bn worth of M&A deals inked in the fourth quarter of 2020

By: Simone Liedtke     10th March 2021 Metals and mining industry cross border merger and acquisition (M&A) deals worth $7.7-billion were announced in the fourth quarter of 2020.  Nova Resources led the pack with its almost $2.4-billion acquisition of Kaz Minerals, GlobalData’s deals database shows. In a statement on March 10, the... 

Copper prices to hit record high in next 12 months, China's Maike says

By: Reuters     10th March 2021 Copper prices will surge to an all-time high over the next 12 months as a result of strong demand from China's clean energy drive and years of under-investment in global mine supply, the chairman of Chinese metals trader Maike Group said on Wednesday. Benchmark prices for copper, widely used in... 

Copper prices to hit record high in next 12 months, China's Maike says

Altus identifies numerous high-priority gold targets at Egyptian properties

By: Simone Liedtke     10th March 2021 Aim-listed Altus Strategies has identified numerous high-priority gold targets from remote sensing across all four of its projects covering 1 565 km2 in the Eastern Desert of Egypt. The projects were recently awarded to the company's 100%-owned subsidiary Akh Gold as part of a competitive... 

South Africa should regulate bus, truck emissions – Royal Bafokeng Platinum   

By: Martin Creamer     10th March 2021 What a wonderful housing job Royal Bafokeng Platinum (RBPlat) has done in building 1 400 impressive family homes for its employees, with another 100 outstanding for occupation. When RBPlat CEO Steve Phiri listed the black-controlled and black-led platinum group metals (PGM) mining company on the... 

Royal Bafokeng Platinum provides every employee with an opportunity to own a dignified home.
Royal Bafokeng Platinum CEO Steve Phiri speaks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Master Drilling acquires 40% interest in AVA Solutions

By: Creamer Media Reporter      10th March 2021 Drilling services provider Master Drilling has acquired a 40% interest in data-driven mining fleet management solutions specialist AVA Solutions. Founded in 2015 by Anton Fourie and Jason van der Watt, two engineers with over 25 years of combined mining industry experience, AVA has created a... 

De Beers' sales rise on positive consumer demand for diamond jewellery

By: Creamer Media Reporter      10th March 2021 Diamond miner De Beers says good rough diamond demand continued during its second sales cycle for this year on the back of positive consumer demand for diamond jewellery. The value of diamonds sold in the second quarter increased to $550-million, from $362-million in the second sales cycle of 2019. 

Royal Bafokeng Platinum engaged in tailings, concentrator, conveyor projects  

By: Martin Creamer     10th March 2021 Platinum group metals mining company Royal Bafokeng Platinum (RBPlat) has tailings, concentrator and overland conveyor projects under way, which are aimed at achieving organic growth as well as long-term sustainability. RBPlat executive head of operations Neil Carr reported at the company's... 

Royal Bafokeng Platinum executive head of operations Neil Carr.
Royal Bafokeng Platinum’s project pipelined covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Strong investment demand sustained platinum in the fourth quarter of 2020  

By: Simone Liedtke     10th March 2021 For the third consecutive quarter, platinum remained in a deficit, at 170 000 oz, in the fourth quarter of 2020 as strong demand in the automotive, industrial and jewellery sectors and sustained strong investment demand for platinum outstripped constrained supply, the World Platinum Investment... 

Strong investment demand sustained platinum in the fourth quarter of 2020
WPIC research director Trevor Raymond speaks to Creamer Media's Simone Liedtke, and discusses platinum and related movements during the last quarter of 2020. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

Royal Bafokeng Platinum studying feasibility of 30 MW solar power plant   

By: Martin Creamer     9th March 2021 Platinum group metals (PGMs) mining company Royal Bafokeng Platinum (RBPlat) which on Tuesday reported a record performance accompanied a R1.5-billion maiden dividend payment, is conducting a study into the economic feasibility building of a 30 MW modular photovoltaic (PV) solar energy plant at... 

Concentrator at RBPlat's BRPM mine for which 30 MW of solar power is being studied.
Royal Bafokeng Platinum’s record results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

China South Africa’s largest coal market in February – Goldman Sachs 

By: Martin Creamer     9th March 2021 China was South Africa’s largest coal market in February, taking over from India, which is traditionally been South Africa’s largest coal export market. Normally, China does not import coal from South Africa, but 2021 has seen a shift, Mining Weekly reported in early January 

South Africa's world-class Richards Bay Coal Terminal in KwaZulu-Natal.
South Africa's world-class Richards Bay Coal Terminal in KwaZulu-Natal.

Bristow, BlackRock’s Hambro call for uniform ESG reporting

By: Marleny Arnoldi     9th March 2021 Investment company BlackRock foresees many changes in the resources market going forward, as companies evolve their product mix based on the carbon intensity of production, as well as pricing differentials based on the “greenness” of commodity production. The company, along with global miner... 

Barrick Gold president & CEO Mark Bristow
Photo by Bloomberg
Barrick Gold president & CEO Mark Bristow

Royal Bafokeng Platinum delivers top performance, declares maiden dividend

By: Martin Creamer     9th March 2021 Platinum group metals (PGMs) mining company Royal Bafokeng Platinum (RBPlat) on Tuesday reported a record performance and declared its maiden dividend on the back of a 2 734.2% increase in 2020 headline earnings to R3.5-billion. The JSE-listed black-controlled, black-led and black-managed... 

RBPlat CEO Steve Phiri
RBPlat CEO Steve Phiri

Merafe loss decreases, electricity risk remains, logistics challenge intensifies  

By: Martin Creamer     8th March 2021 Although the loss suffered by ferrochrome company Merafe Resources decreased in 2020, its electricity risk remains and its logistics challenges are intensifying. Merafe’s revenue and operating income is primarily generated from the Glencore Merafe Chrome Venture, which has a total capacity of... 

Merafe Resources CEO Zanele Matlala.
Merafe Resources results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Report finds majority of extractive commodity traders lack ESG disclosure

By: Marleny Arnoldi     8th March 2021 Swiss research organisation RMF finds in a new report that companies involved in oil, gas, metals or minerals trading score on average only 23% on environmental, social and governance (ESG) due diligence. The report, titled 'ESG Due Diligence and Transparency Report on Extractive Commodity... 

Mines anywhere, everywhere can go green – Hydrogen Optimized 

By: Martin Creamer     8th March 2021 Owing to the ubiquity of the world’s sun and the wind, all mines have the opportunity to generate their own green electricity no matter where they are located in the world, Hydrogen Optimized CEO Andrew T Stuart emphasised during last week’s Fasken online panel discussion on hydrogen. In this... 

Fasken panel that discussed hydrogen.
Photo by Creamer Media
Fasken panel that discussed hydrogen.

R2.3bn to be spent on Burnstone gold project – Sibanye-Stillwater 

By: Martin Creamer     5th March 2021 Capital of R2.3-billion will be spent over 14 years on the Burnstone gold project in Mpumalanga, where two-million ounces of gold are to be mined over 21 years, Sibanye-Stillwater CEO Neal Froneman told the BMO conference this week. JSE- and ADR-listed Sibanye-Stillwater acquired the Burnstone... 

Earlier mining activity at the underground Burnstone gold mine, where R2.3-billion is now being invested.
Photo by Creamer Media
Earlier mining activity at the underground Burnstone gold mine, where R2.3-billion is now being invested.

Upstream tailings dams pose much higher stability risks, study finds

By: Reuters     5th March 2021 The most widespread type of dam used to store mine waste is nearly twice as unstable as the average tailings facility, a global study showed on Friday, highlighting the risk of so-called "upstream" construction techniques that some countries have banned. Concern over tailings dams intensified... 

Steps being taken to improve manganese export logistics – ARM 

By: Martin Creamer     4th March 2021 Steps involving the use of two ports rather than one, longer trains and increased rail wagon payload are being studied to improve the logistics surrounding the export from South Africa of manganese ore. State-owned rail enterprise Transnet has put on hold the capital expansion plan centred on the... 

The control room at African Rainbow Minerals' Black Rock manganese ore mine in the Northern Cape.
Photo by Creamer Media
The control room at African Rainbow Minerals' Black Rock manganese ore mine in the Northern Cape.

Green revolution gets more expensive as copper price surges

By: Bloomberg     4th March 2021 Look just beneath the surface of many of the technologies powering the energy transition and there’s a red metallic glint. Copper is a vital part of green infrastructure from grids to wind turbines, and a recent price surge threatens to make decarbonization more costly. Copper has doubled from... 

Green revolution gets more expensive as copper price surges

Mali, Emirates facilitated Venezuelan gold trade in 2020, opposition says

By: Reuters     4th March 2021 Venezuela sent gold to Mali in 2020 via Russian-owned planes to exchange for euros and US dollars that President Nicolas Maduro's government used to remain afloat despite US sanctions, an opposition representative said on Wednesday. Julio Borges, designated by opposition leader Juan Guaido as his... 

ARM board approves R5.7-billion Merensky project at Two Rivers mine  

By: Martin Creamer     3rd March 2021 The board of diversified mining company African Rainbow Minerals (ARM) has approved the Merensky reef project at the Two Rivers platinum group metals (PGMs) mine, ARM CEO Mike Schmidt said on Wednesday after the company reported record financial results. The ARM-managed Two Rivers is a joint... 

The growth projects of African Rainbow Minerals.
African Rainbow Minerals growth projects report by Mining Weekly’s Martin Creamer: Video: Darlene Creamer.
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