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Middle East News

Anglo, Thyssenkrupp join forces to make steel greener 

By: Martin Creamer     20th October 2022 Anglo American has signed a memorandum of understanding with longstanding customer Thyssenkrupp Steel Europe AG to collaborate on developing new pathways for the decarbonisation of steelmaking. This follows Anglo signing of a memorandum of understanding with Japan-headquartered Nippon Steel in... 

Iron-ore sinks deeper as gloom grips ferrous market

By: Reuters     20th October 2022 Iron-ore's losses deepened on Thursday, with the benchmark price of the steelmaking ingredient in Singapore hitting a fresh 2022 low, hammered by a gloomy outlook for global steel demand and supply-side pressures. Steel prices in China, which accounts for about half the world's output of the... 

Iron-ore operations in Australia

China becoming fuel cell electric vehicle leader, World Platinum research indicates

By: Martin Creamer     20th October 2022 In what is a major plus for platinum demand and consequently South Africa’s local mining economy, China is poised to become a leading market for platinum-using fuel cell electric vehicles (FCEVs), which provide the zero-emission mobility that the world so desperately needs to help combat rampant... 

First mass-produced passenger fuel cell electric vehicle, the Changan Shenlan SL03.
First mass-produced passenger fuel cell electric vehicle, the Changan Shenlan SL03.

Global copper market to see 155 000-t surplus in 2023, says ICSG

By: Reuters     19th October 2022 The global copper market is expected to see a deficit of about 325 000 t this year and a surplus of 155 000 t in 2023, the International Copper Study Group (ICSG) said on Wednesday. "Continued Covid-19 related restrictions and workforce absenteeism, operational and geotechnical issues, strikes,... 

DRDGold's production up 1% in quarter 

By: Martin Creamer     19th October 2022 Surface gold mining company DRDGold on Wednesday reported a 1% quarter-on-quarter increase in gold production to 1 453 kg, on a 1% increase in tonnage throughput. DRDGold’s principal subsidiaries are Ergo, its flagship metallurgical plant located 50 km east of Johannesburg, in Brakpan; and Far... 

DRDGold's Ergo tailings dumps.
DRDGold's Ergo tailings dumps.

Sasol/Saldanha sign MoU for green hydrogen hub in Western Cape

By: Martin Creamer     18th October 2022 Integrated energy and chemicals company Sasol, already a seasoned grey hydrogen producer, and Freeport Saldanha Industrial Development Zone on Tuesday announced the signing of a memorandum of understanding  (MOU) to facilitate a green hydrogen hub in the Western Cape. In terms of the MOU, the... 

Freeport Saldanha CEO Kaashifah Beukes.
Freeport Saldanha CEO Kaashifah Beukes.

Gold organisations sign global responsibility, sustainability declaration

By: Marleny Arnoldi     18th October 2022 While there has been significant progress in addressing environmental, social and governance concerns in the gold sector through initiatives and performance standards, the broader industry has, for the first time, declared a collective statement of awareness and intent. The World Gold Council... 

WGC CEO David Tait
WGC CEO David Tait

Green hydrogen seen competing with LNG within a decade

By: Bloomberg     18th October 2022 The cost of clean hydrogen will fall to that of liquefied natural gas in a decade as global efforts to replace fossil fuels accelerate, according to Europe’s biggest operator of gas infrastructure. “Green hydrogen today is not economically competitive against alternative energy sources, which... 

Carbon capture projects hit record, but would mitigate less than 1% of emissions

By: Bloomberg     17th October 2022 The number of carbon capture and storage projects in development grew to record levels this year on the back of rising carbon prices and government incentives but would still only mitigate less than 1% of annual emissions, a new report finds. There are now 153 CCS projects in the planning phase,... 

Enabling exploration is urgently needed to put South African mining back in ‘sunrise’ mode  

By: Martin Creamer     17th October 2022 High on the list of the steps that must be taken to stop South African mining from fading further into sunset mode is free access to geological information from State institutions such as the Council for Geoscience. Next is the provision of a modern, functional, and transparent mineral cadastre... 

Botswana Diamonds CEO James Campbell.
Botswana Diamonds CEO James Campbell interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Karo platinum project taking off in Zimbabwe with solar power tailwind  

By: Martin Creamer     14th October 2022 A multi-phased development approach is being adopted at the Karo Platinum project in Zimbabwe, where a 17-year opencast mine is to be built with a timeline to deliver its first ore to mill in July 2024. “In July 2024, we will put the first ore in mill,” Karo Mining Holdings MD Bernard Pryor told... 

Bernard Pryor and Phoevos Pouroulis.
Phoevos Pouroulis (right) and Bernard Pryor (left) present Karo project update, covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Iron-ore outlook clouded by global demand woes, supply risks

By: Reuters     14th October 2022 Iron-ore prices are on track to end 2022 at their lowest in the last three or four years and will probably languish next year as well, with China and Europe cutting steel output, while pressure mounts from additional supply. Price forecasts for the key steelmaking ingredient range from about $90... 

Photo of an iron-ore mining operation in Australia's Pilbara

Exciting part of Eva Copper is near-term production, says Harmony Gold  

By: Martin Creamer     13th October 2022 The exciting part of the Eva Copper project is the near-term production prospect that it brings with it, says Harmony Gold Mining Company investor relations head Jared Coetzer of the Johannesburg- and New York-listed company’s purchase of the Australian copper project, that comes with 2 100 km2... 

Harmony Gold Mining Company Investor Relations Head Jared Coetzer.
The exciting part of the Eva Copper project is the near-term production prospect that it brings with it, says Harmony Gold Mining Company investor relations head Jared Coetzer

Shell consortium accelerating electrification of mine haul trucks  

By: Martin Creamer     12th October 2022 Transitioning oil, gas, fuels and lubricants company Shell has established a nine-member consortium to create electrification solutions for mining sites. The electrification offers a shift away from reliance on diesel. (Also watch attached Creamer Media video.) 

Shell VP Sectoral Decarbonisation & Innovation Grischa Sauerberg.
Shell decarbonisation webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

AngloGold targets 30% emissions reduction by 2030 

By: Martin Creamer     12th October 2022 Gold mining company AngloGold Ashanti on Wednesday released a carbon emissions reduction target that aims to achieve a 30% absolute reduction in its Scope 1 and 2 greenhouse gas (GHG) emissions by 2030 through a combination of renewable energy projects, fleet electrification and lower-emission... 

AngloGold Ashanti CEO Alberto Calderon.
AngloGold Ashanti CEO Alberto Calderon.

Expanding bulk mineral exports can lift employment to 500 000 direct jobs 

By: Martin Creamer     11th October 2022 Expanding bulk mineral exports can increase employment to 500 000 direct jobs, up on the 459 000 of last year. What is generally required is for South Africa to lift its export performance to levels of existing capacity. 

An opportunity for South Africa to become a lot more globally competitive.
An opportunity for South Africa to become a lot more globally competitive.

Strongly producing Tharisa achieves seven fatality-free years 

By: Martin Creamer     11th October 2022 Platinum group metals (PGMs) and chrome co-producer Tharisa, which on Tuesday reported considerably higher production in the 12 months to September 30, has achieved seven fatality-free years. “We continue to strive to be a zero-harm company,” said Tharisa CEO Phoevos Pouroulis. 

Metallurgical chrome stacker with material ready for despatch.
Metallurgical chrome stacker with material ready for despatch.

South Africa takes 354 days to issue prospecting right, Botswana does it in 40 

By: Martin Creamer     10th October 2022 Why does it take 354 working days for South Africa’s Department of Mineral Resources and Energy (DMRE) to issue a prospecting right which Botswana accomplishes in 40 days? Mineral Council South Africa CEO Roger Baxter put that rhetorical question to the Joburg Indaba under a broad comment of what... 

Minerals Council South Africa CEO Roger Baxter.
Minerals Council South Africa CEO Roger Baxter.

New De Beers CEO from early 2023 when Cleaver elevates to co-chair 

By: Martin Creamer     10th October 2022 With effect from early 2023, Al Cook has been announced as the new CEO of De Beers Group and current CEO Bruce Cleaver as co-chairperson. This follows Cleaver’s decision to step back after six years to a non-executive role, Anglo American CE and De Beers Group chairperson Duncan Wanblad stated in... 

Al Cook has been announced as the new CEO of De Beers Group.
Al Cook has been announced as the new CEO of De Beers Group.

Development is only conversation South Africa should be having, Cutifani tells Joburg Indaba  

By: Martin Creamer     6th October 2022 Development is the only conversation that South Africa should be having, former Anglo American CEO, director and consulting business executive Mark Cutifani said amid strong applause at the Joburg Indaba on Thursday – and mining should be recognised as an industry that can serve as a very... 

Former Anglo America CEO, director and consulting business executive Mark Cutifani.
Mark Cutifani’s address to the Joburg Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Big green hydrogen project on way via European/Australian partnership

By: Martin Creamer     6th October 2022 An integrated green hydrogen project to help Europe mitigate its current energy and climate crisis and to bring green molecules to Europe is being brought about by a European-Australian partnership. The key personalities developing what is described as the world’s largest green hydrogen... 

 	Fortescue Future Industries (FFI) executive chairperson and founder Dr Andrew Forrest.
Fortescue Future Industries (FFI) executive chairperson and founder Dr Andrew Forrest.

Climate systems ‘breakdown’ looms as coal investments soar

By: Bloomberg     6th October 2022 The coal industry has backtracked on pledges to phase out existing plants and halt new investments, putting the planet on a trajectory that could lead to a “breakdown of our climate systems", according to a study led by nonprofit Urgewald. As warnings from climate scientists “become more and... 

An image of a freight train transports coal in New South Wales, Australia
A freight train transports coal in New South Wales, Australia

South Africa’s geological prospectivity fantastic, says Minerals Council CEO  

By: Martin Creamer     5th October 2022 South Africa’s geological prospectivity is fantastic, Minerals Council South Africa CEO Roger Baxter told the Joburg Indaba on Wednesday. This is so even though only 15% of South Africa's surface area has been mapped at a high-resolution 50 000-to-1 geophysical level, and even though this... 

Minerals Council South Africa CEO Roger Baxter.
Minerals Council South Africa CEO Roger Baxter at Joburg Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Helping world transition to net-zero carbon is mining's biggest opportunity, says Minerals Council president 

By: Martin Creamer     5th October 2022 The biggest opportunity mining has as an industry is to help the world to transition to a net-zero carbon world, Minerals Council South Africa president Nolitha Fakude said on Wednesday. Fakude, who is also chairperson of Anglo American's management board in South Africa, highlighted this during... 

Minerals Council South Africa president Nolitha Fakude.
Minerals Council South Africa president Nolitha Fakude.

US funding granted to enhance platinum-based hydrogen electrolyser development

By: Martin Creamer     5th October 2022 The US Department of Defense has granted Nel Hydrogen $5.6-million in funding for a project aimed at accelerating advanced electrolyser stack development to enable low-cost hydrogen storage and resiliency. The 19-month project is set to advance PEM electrolyser development to reduce both... 

Investment required to meet mining’s decarbonisation, power challenges – PwC  

By: Martin Creamer     4th October 2022 South Africa’s mining sector will be required to make major investments into alternative and renewable energy sources and energy planning to address the dual challenges of decarbonisation and reliable power supply, PwC said on Tuesday when it launched its SA Mine report, which highlights mining’s... 

Less than 5% of energy consumed by South African mining in 2020 sourced from renewables.
PwC’s SA Mine 2022 covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

BHP banking on ongoing demand for steel

By: Esmarie Iannucci     4th October 2022 Diversified miner BHP has made the case that steel, and in effect iron-ore, should also be classified as a critical mineral given it was essential for the decarbonation of power. Speaking at an investor day, BHP’s VP for market analysis and economics, Dr Huw McKay noted that power generation... 

EV demand sparks revival of US manganese mining after decades

By: Bloomberg     3rd October 2022 South32 aims to accelerate development of the first new US manganese mine for decades as carmakers rush to secure supply of the metal needed in electric vehicle batteries. Automakers are “super keen” to secure supply from the company’s Clark Deposit in Arizona, which would become the only local... 

South32 CEO Graham Kerr
South32 CEO Graham Kerr

More platinum-based green hydrogen generation on the way 

By: Martin Creamer     3rd October 2022 Up to 1 350 t of green hydrogen can now be generated a year from renewable solar and wind power in the Wunsiedel Energy Park, in Germany. “This is another example of platinum-based production of green hydrogen in Europe that will assist both the replacement of imported natural gas and the earlier... 

Demand for platinum-based green hydrogen generation growing.
Demand for platinum-based green hydrogen generation growing.

ESG risks and geopolitics ranked top risks for mining companies – survey

By: Creamer Media Reporter      29th September 2022 Global mining and metals executives rank environment, social and governance (ESG), geopolitics and climate change as the top three risks facing their business over the next 12 months, a survey by consultancy EY has found. “We have witnessed huge upheaval and change over the last year, namely due... 

Not much activity in the gold markets in August – WGC

By: Darren Parker     29th September 2022 Gold-related activity among central banks was muted in August, with only a handful of banks meaningfully contributing to the overall monthly total, World Gold Council (WGC) senior analyst Krishan Gopaul said on September 29 with the release of the WGC’s quarterly statistical update on gold... 

gold coins stacked

Minerals Council ‘absolutely adamant’ about need for commercially available cadastre  

By: Martin Creamer     29th September 2022 The key objective of transparency in applying for prospecting rights and mining rights – and openly managing them – can be enabled by a commercially available cadastre system. While South Africa does not have such a cadastre, fellow African countries that are already thriving on it include... 

Minerals Council South Africa’s Junior and Emerging Miners Desk head Grant Mitchell.
Grant Mitchell: Minerals Councll Junior and Emerging Miners Desk webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Each Anglo Platinum employee to receive R8 000 worth of shares a year 

By: Martin Creamer     28th September 2022 Platinum group metals (PGMs) mining and marketing company Anglo American Platinum has launched a new employee share ownership plan (Esop), which it envisages will be implemented in the fourth quarter of this year. The Esop involves employees receiving Anglo Platinum listed shares to the value of... 

Anglo American Platinum Executive Head Human Resources Virginia Tyobeka.
Anglo American Platinum Executive Head Human Resources Virginia Tyobeka.

Metals for cleaner future being turned to account in minerals-endowed Northern Cape 

By: Martin Creamer     28th September 2022 South Africa’s critical minerals potential is being highlighted in an increasingly promising manner by Orion Minerals, the Sydney- and Johannesburg-listed company that is showing the way in the minerals-endowed Northern Cape. Orion, headed by its Boksburg-born CEO Errol Smart, is poised to bestow... 

Orion Minerals reaping rewards from South Africa's minerals-endowed but under-explored Northern Cape.
Orion Minerals reaping rewards from South Africa's minerals-endowed but under-explored Northern Cape.

Green hydrogen, fuel cells important part of any future energy system, says global strategist  

By: Martin Creamer     27th September 2022 Green hydrogen and fuel cells will be a very important part of any future energy system, says Switzerland-based energy and sustainability consultancy strategist Dr David Hart. Among the electrolysers that convert renewable electricity into green hydrogen are proton exchange membrane (PEM)... 

Dr David Hart, E4tech.
E4tech’s Dr David Hart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Grim demand outlook pushes copper prices to 2-month low

By: Reuters     26th September 2022 Copper prices dropped to two-month lows on Monday as fears of a global growth slowdown, weaker demand, a higher dollar and climbing stocks in London Metal Exchange (LME) registered warehouses sparked a sell-off. Benchmark copper CMCU3 on the LME was down 0.8% at $7 375 a tonne at 09:45 GMT. 

Saudi Arabia faces challenges to tap its vast copper reserves

By: Bloomberg     26th September 2022 Saudi Arabia says it has the potential to unlock enough copper to ease a looming shortage as the world makes an epic shift to clean energy, but the kingdom faces challenges that established mining countries already have solved. Key among those challenges as the world’s largest oil producer seeks... 

An image of copper shavings

South Africans urged to turn exploration into Big Hairy Audacious Goal   

By: Martin Creamer     24th September 2022 South Africans have been urged to rally around exploration as this country's Big Hairy Audacious Goal – a BHAG – so that what is described as "our lowest hanging economic fruit" can be turned to positive account. Council for Geoscience CEO Mosa Mabuza, who was speaking in support of the junior... 

Council of Geoscience CEO Mosa Mabuza.
Council for Geoscience CEO Mosa Mabuza, covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.
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