https://www.miningweekly.com
R/€ = 17.25 Change: 0.02
R/$ = 14.82 Change: 0.01
Au 1793.20 $/oz Change: -0.92
Pt 1043.50 $/oz Change: -19.00
 

Middle East News

Iron-ore slumps as China steps up efforts to curb soaring prices

By: Reuters     20th May 2021 Chinese iron ore and steel futures led a selloff across the nation's metals complex on Thursday after the government sought stricter oversight of commodity markets to curb exorbitant prices, sparking a broad-based correction. September iron ore on the Dalian Commodity Exchange ended daytime... 

Hire jobless geologists to capture much-needed exploration data – LEI   

By: Martin Creamer     19th May 2021 A strong call for unemployed geology graduates to be contracted to capture historic exploration data electronically has been made by Letaba Elihle Investments (LEI) principal geology consultant Siphelele (Siphe) Ntshangase. In a Zoom interview with Mining Weekly Ntshangase also called on South... 

LEI Principal Geology Consultant Siphelele (Siphe) Ntshangase
LEI Principal Geology Consultant Siphelele Ntshangase interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Hydrogen providing PGM opportunity similar to 90s emissions boost – Sibanye-Stillwater 

By: Martin Creamer     18th May 2021 The advent of the hydrogen economy is providing an opportunity for platinum group metals (PGMs) similar what occurred in the 1990s when the PGM market faced a structural boost driven by stringent emissions regulations, Sibanye-Stillwater COO Richard Stewart said on Tuesday. Particularly for the... 

Sibanye-Stillwater COO Richard Stewart
Sibanye-Stillwater COO Richard Stewart

Asian demand for South African export coal remains strong – Seriti 

By: Martin Creamer     18th May 2021 Seriti Resources, which will take over South African Energy Coal (SAEC) from South32 on June 1, is particularly excited about the opportunity as the Seriti group to start now exporting coal in addition to continuing to support coal flows into Eskom. “We note that Asian demand for South African... 

Doug Gain
Doug Gain

SAEC name change to Seriti Power signals coal miner’s new broader energy vision   

By: Martin Creamer     17th May 2021 The change of name of South African Energy Coal (SAEC) to Seriti Power when South32’s coal assets become absorbed into Seriti Resources from June is indicative of Sereti Resources seeing opportunities in general energy beyond coal, CEO Mike Teke said on Monday. SAEC is the name that the ASX- and... 

Seriti Resources CEO Mike Teke
Seriti CEO Mike Teke interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Weekly Coal Index Report

17th May 2021 Another wild week as the coal market continues to soar. Chinese domestic prices rallied and then softened significantly, although it was FOB Newcastle prices that were most affected by the turnaround. Physical Richards Bay continues to trade robustly as demand remains strong. A little rand... 

Weekly Coal Index Report

Copper resumes gains as supply risks, China demand buoy outlook

By: Reuters     17th May 2021 Copper rebounded after its first weekly loss in six on concerns about disruptions to supply in Chile and as Chinese demand showed signs of picking up. Workers at BHP Group’s remote operations center in Santiago rejected the company’s final wage offer, with almost 97% of the union’s members... 

Copper resumes gains as supply risks, China demand buoy outlook

The world economy is suddenly running low on everything

By: Bloomberg     17th May 2021 A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, it’s companies furiously stocking up. Mattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive... 

Iron-ore rebounds as China mills churn out steel at record pace

By: Bloomberg     17th May 2021 Iron-ore futures climbed back above $200 a ton as soaring steel production in China showed there’s no sign of the industry cooling despite government attempts to rein in output from last year’s record of over one-billion tons. Crude steel output in April rose to 97.9-million tons to hit monthly... 

Global economic recovery drives first-quarter platinum demand higher  

By: Simone Liedtke     17th May 2021 As the global economy continued to recover, boosted by widespread stimulus measures, demand for platinum increased by 26% or about 405 000 oz year-on-year to more than 1.9-million ounces in the first quarter, the World Platinum Investment Council (WPIC) notes in its latest ‘Platinum Quarterly’... 

Global economic recovery drives first-quarter platinum demand higher
WPIC research director Trevor Raymond gives Mining Weekly some more insight into the WPIC's latest 'Platinum Quarterly' report. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

New technologies transforming mining, metals industry – ICMM 

By: Martin Creamer     14th May 2021 New technologies are transforming the mining and metals industry, making it cleaner and safer, says the International Council on Mining and Metals (ICMM), which is progressing an 'innovation for cleaner, safer vehicles' initiative. The initiative brings together 28 of the world’s leading mining... 

An innovation for cleaner, safer vehicles initiative has been introduced.
An innovation for cleaner, safer vehicles initiative has been introduced.

Iron-ore slumps again as steel hub asks mills to control surge

By: Bloomberg     14th May 2021 Iron-ore futures tumbled as China’s top steel-making hub ramped up efforts to control a dizzying surge in prices. Futures in Dalian dropped the daily limit, while prices in Singapore extended a slump from a record $233.75 a ton on Wednesday amid concerns about the sustainability of the rally. In... 

Iron-ore slumps again as steel hub asks mills to control surge

Platinum on cathodes of zinc-air system chosen to decarbonise New York City  

By: Martin Creamer     13th May 2021 Platinum features on the cathode of zinc-air battery technology that is taking the City of New York by storm in helping to lower the carbon footprint of its buildings, Mining Weekly can today report. Zinc8, the Canadian Stock Exchange company that has won the city’s decarbonisation challenge, has... 

Zinc8 president and CEO Ron MacDonald
Zinc8 Energy Solutions Ron MacDonald interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Iron-ore euphoria of today arising out of iron-ore despair of yesteryear offers crucial policy lesson, says mining analyst in a ‘Postcard to the President’ 

By: Martin Creamer     12th May 2021 If you bought R100 000 worth of shares in Kumba Iron Ore at the start of 2016, you would now be sitting on shares worth a staggering R2.67-million, excluding dividends. This is because Kumba’s all-time low share price of R25.35 in January 2016 has skyrocketed 2 647% to R696.45, reflecting the... 

In a ‘Postcard’ to President Cyril Ramaphosa, mining analyst Bruce Williamson (right) pleads for the creation of ‘all-weather’ mining policy.
Photo by Creamer Media
In a ‘Postcard’ to President Cyril Ramaphosa, mining analyst Bruce Williamson (right) pleads for the creation of ‘all-weather’ mining policy.

Iron-ore’s ‘ridiculous’ prices to stay as fear grips commodities

By: Bloomberg     12th May 2021 Iron-ore’s stunning surge won’t fade anytime soon because buyers remain nervous about being caught short as global demand accelerates amid lingering supply threats, according to a veteran commodities trader. The steelmaking material forged new all-time highs this week, soaring past $220 a ton... 

Iron-ore’s ‘ridiculous’ prices to stay as fear grips commodities

Too cold to handle? Race is on to pioneer shipping of hydrogen

By: Reuters     12th May 2021 Hydrogen is touted as an inevitable green fuel of the future. Tell that to the people who'll have to ship it across the globe at hyper-cold temperatures close to those in outer space. Yet that is exactly what designers are attempting to do. 

Renewable energy projects under investigation across AngloGold    

By: Martin Creamer     11th May 2021 Renewable energy projects are under investigation across the entire AngloGold Ashanti group, AngloGold Ashanti VP: environment Tony Da Cruz told Mining Weekly on Tuesday. Da Cruz reported that the gold mining company is also working with industry peers and vehicle original-equipment manufacturers... 

AngloGold interim CEO Christine Ramon
AngloGold Ashanti presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Investors bet billions that the metals bull run isn’t stopping

By: Bloomberg     10th May 2021 A year into the red-hot bull run in industrial metals that’s lifted copper to record highs, investors are still piling in, staking billions of dollars that it won’t run out of steam any time soon. The word from Wall St. is “don’t stop buying now", with Goldman Sachs Group and Bank of America... 

Investors bet billions that the metals bull run isn’t stopping

Low carbon world needs $1.7-trillion in mining investment

By: Reuters     10th May 2021 Mining companies need to invest nearly $1.7-trillion in the next 15 years to help supply enough copper, cobalt, nickel and other metals needed for the shift to a low carbon world, according to consultancy Wood Mackenzie. The United States, Britain, Japan, Canada and others raised their targets... 

Low carbon world needs $1.7-trillion in mining investment

Weekly Coal Index Report

10th May 2021 As the coal market rallies once more, Anglo Coal’s “Thungela” is about to see the light of day. It will no doubt act as a proxy for a pure-play tier one South African coal producer. Will shareholders abandon it as a dirty, unloved orphan, preferring the bright lights and promise of clean energy?... 

Weekly Coal Index Report

Release by AngloGold of vast exploration information attracting interest 

By: Martin Creamer     10th May 2021 The release by departing AngloGold Ashanti of its vast exploration information is attracting interest, AngloGold executive VP of group planning and technical Graham Ehm said on Monday. Contained online is an exploration database involving the historic Witwatersrand Gold Basin and other goldfields... 

AngloGold executive VP of group planning and technical Graham Ehm
Photo by Creamer Media
AngloGold executive VP of group planning and technical Graham Ehm

New report identifies global mining sector's carbon reduction opportunities

By: Tasneem Bulbulia     10th May 2021 The global mining industry must move away from legacy systems and processes if it is to meet the challenge of decarbonisation. This is according to a new report, ommissioned by engineering company Weir Group, which calculates mining’s share of global energy consumption and identifies ways the... 

Gold Fields going greener and cleaner across broad front 

By: Martin Creamer     7th May 2021 Gold mining company Gold Fields, which this week announced the board’s green light for a 40 MW solar photovoltaic plant at the South Deep mine, near Carletonville, intends taking short- medium- and long-term steps to lower emissions in underground mining in general and at South Deep in... 

Gold Fields' South Deep gold mine, near Carletonville
Photo by Creamer Media
Gold Fields' South Deep gold mine, near Carletonville

Lithium prices to normalise, as demand increases – Fitch Solutions

By: Simone Liedtke     7th May 2021 Following the spike in Chinese spot prices experienced from the end of December 2020 through to the end of January, research agency Fitch Solutions Country Risk and Industry Research expects broad lithium prices to soon normalise. Chinese spot prices for battery-grade lithium carbonate and... 

Artisanal and small-scale mining workforce has tripled from 2001

By: Donna Slater     7th May 2021 Mineworkers in the artisanal and small-scale mining (ASM) industry make up the world’s largest mining workforce, with the number of such workers more than tripling from 13-million estimate of 2001 by the International Labour Organisation, reveals the yearly report on the state of the ASM industry... 

Copper jumps to record as growth bets supercharge commodities

By: Bloomberg     7th May 2021 Copper soared to an all-time high as optimism about a global rebound from the pandemic spurs a surge across commodities markets. The metal -- an economic bellwether -- is front and center in a rally that’s driven raw materials from lumber to iron ore to multiyear highs or records. Stimulus... 

Copper jumps to record as growth bets supercharge commodities

Glasenberg says $15 000 copper needed to drive new supply

By: Bloomberg     7th May 2021 Copper will need to rise 50% further from its current near record high to encourage enough new mined supply to meet rampant demand, according to Ivan Glasenberg, the billionaire chief executive officer of Glencore. Copper topped $10 000 a metric ton last week for the first time in a decade and... 

Glencore CEO Ivan Glasenberg
Glencore CEO Ivan Glasenberg

Independent study proves evidence of platinum’s superiority over white gold, says PGI

By: Simone Liedtke     7th May 2021 The findings of an independent study, which proves the long-supported anecdotal evidence of platinum’s superiority in wear resistance and gem setting security versus that of gold jewellery, has been released by the Platinum Guild International (PGI). The most recent phase of research represented... 

Implementation of new tailings standard seen as key to avoiding future disasters

By: Marleny Arnoldi     7th May 2021 Stakeholders agree that it is a pity there had to be horrific tragedies before due attention was paid to dangerous tailings storage facility (TSF) practices. Australia-based tailings solutions consultancy Decipher states in the Major Tailings Dam Failures Guide, published last year, that about... 

Implementation of new tailings standard seen as key to avoiding future disasters

Gold Fields has compelling ‘pure play gold’ investment case – Griffith 

By: Martin Creamer     6th May 2021 Gold mining company Gold Fields has a compelling investment case for its shareholders and any investor looking for exposure in high quality and cash generative gold business, new CEO Chris Griffith said on Thursday. Answering questions during a conference call following the reporting an... 

Gold Fields CEO Chris Griffith
Photo by Creamer Media's Donna Slater
Gold Fields CEO Chris Griffith

ICMM launches protocols, guide to improve tailings management, safety 

By: Donna Slater     6th May 2021 The organisation lobbying for a safe, fair and sustainable mining and metals industry, the International Council on Mining and Metals (ICMM), has launched two new resources to support continual improvement in the safe and transparent management of tailings facilities. These resources include... 

The scene post the catastrophic tailings dam collapse at Vale’s Córrego de Feijão mine, in Brumadinho, Brazil
Photo by Reuters
The scene post the catastrophic tailings dam collapse at Vale’s Córrego de Feijão mine, in Brumadinho, Brazil

Net zero gold a ‘realistic prospect’ – WGC  

By: Simone Liedtke     6th May 2021 The increased accessibility of means to further decarbonise electricity is creating an opportunity for gold to move towards carbon neutrality and makes net zero gold a realistic prospect, World Gold Council (WGC) market relations director and climate change lead John Mulligan said during the... 

John Mulligan
World Gold Council's John Mulligan gives an overview of how a pathway to net zero gold is possible. Video: Creamer Media's Kutlwano Matalala. Editing: Creamer Media's Nicholas Boyd.

Fitch Solutions forecasts higher iron-ore price on the back of strong Chinese demand

By: Simone Liedtke     6th May 2021 Research agency Fitch Solutions Country Risk and Industry Research has revised its iron-ore price forecast for this year higher to an average of $160/t, from its previous forecast of $120/t, as exceptionally strong demand from the Chinese and global steel industry contributed to prices breaking... 

Platinum demand growth to be bolstered by FCEVs, says WPIC

By: Simone Liedtke     6th May 2021 Platinum in fuel cell electric vehicles (FCEVs) is a growing demand sector for platinum, with wider adoption dependent on the availability of an accessible hydrogen refueling network, says the World Platinum Investment Council (WPIC) in its latest newsletter on May 5. This FCEV growth is coming... 

Barrick’s Bristow criticises resurgence of market-plaguing short-termism 

By: Martin Creamer     5th May 2021 The rise in the gold price has prompted a resurgence of the short-termism which has plagued the market, with some investors focusing on short-term gains rather than sustainable growth, Barrick Gold CE Dr Mark Bristow said on Wednesday, when his New York- and Toronto-listed company paid a... 

Barrick Gold CEO Mark Bristow
Barrick Gold CEO Mark Bristow

Energy specialist encourages mines to consider hybrid energy systems

By: Simone Liedtke     5th May 2021 Electrical energy solutions provider Senergy energy specialist Wilco de Villiers has encouraged miners to consider the value of implementing hybrid energy systems at their operations, as mines cannot function effectively without reliable energy supply. Speaking during this year’s Energy & Mines... 

Iron-ore’s blistering rally sets sights on $200 as steel booms

By: Bloomberg     5th May 2021 A surge in steel consumption as the world emerges from its pandemic-induced slump is set to drive iron-ore to an unprecedented high as the biggest miners struggle to keep up with the frenzied pace of demand. Expectations are building that benchmark prices can get to $200/t -- topping the record... 

Mining sector key to kickstarting hydrogen industry, says consultant

By: Simone Liedtke     5th May 2021 Hydrogen is set to play a key role in achieving carbon-neutral mining, an industry that is being touted as a key enabler of the global hydrogen industry, Engie Impact consultant Jasper Schrijvers said during a virtual presentation at this year’s Energy & Mines Africa conference. During his... 

4 5 6 7
8
9 10 11 12

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
Free daily email newsletter Register Now
Register Close