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Richards Bay Minerals GM for Growth Strategy Bradley Reddy.
Fast-greening Richards Bay Minerals now eyeing on-site renewables, storage, aggregation
19th June 2024 By: Martin Creamer

Energy-intensive Richards Bay Minerals (RBM), which consumes an average of 1.8 terawatts of power a year, was able to secure its latest 140 MW wind energy power purchase agreement (PPA) in six... 


Central banks to increase gold holdings in next 12 months - World Gold Council
Central banks to increase gold holdings in next 12 months - World Gold Council
18th June 2024 By: Schalk Burger

More than eight in ten, or 81%, of respondents to the 2024 Central Banks Gold Reserves survey said they expect reserve managers to continue to increase their gold holdings in the next 12 months.... 


Flashback to the listing of Southern Palladium on the Johannesburg Stock Exchange two years ago.
Southern Palladium remains committed to advancing Bengwenyama project
18th June 2024 By: Martin Creamer

The completed prefeasibility study (PFS) drilling campaign for the Bengwenyama platinum group metal (PGM) project, on the eastern limb of South Africa’s distinctively endowed Bushveld Complex, is... 


Thungela Resources active in Mpumalanga.
Thungela poised to spend R3.9bn capital in South Africa
18th June 2024 By: Martin Creamer

Johannesburg Stock Exchange-listed Thungela Resources is poised to spend R3.9-billion worth of capital in South Africa going forward. An estimated R1.3-billion of this capital expenditure (capex)... 


Chile says Saudi Mining Minister to visit, lithium expected on agenda
18th June 2024 By: Reuters

Chile's government said on Saturday that Saudi Arabia's Mining Minister will travel to the Latin American country in July and plans to meet with his counterpart in Santiago. Saudi Minister of... 


Gemdax co-founder and partner Anish Aggarwal.
Probably more diamond industry uncertainty now than at any other point – Gemdax
14th June 2024 By: Martin Creamer

While the diamond sector probably has more uncertainty now than at any other point, participants also probably have a bigger opportunity than ever to shape what the future will look like. “One... 


G7 leaders commit to faster transition from fossil fuels - draft statement
G7 leaders commit to faster transition from fossil fuels - draft statement
14th June 2024 By: Reuters

Leaders of the Group of Seven (G7) developed democracies will commit to accelerating their transition away from fossil fuels during this decade, according to a draft of a statement to be issued at... 


Mining activity at Copper 360.
Copper 360 on home straight to produce quite a bit of cash, CEO reports
13th June 2024 By: Martin Creamer

Copper mining and marketing company Copper 360 is on the home straight to produce quite a bit of cash by financial year end. That was the main takeaway from Mining Weekly’s post-results Zoom... 


The Salares Norte mine in Chile
Gold Fields lowers full-year output guidance as Chile mine hit by severe weather
13th June 2024 By: Tasneem Bulbulia

JSE- and NYSE-listed Gold Fields has revised its group-wide full-year production guidance downward, from between 2.33-million and 2.43-million ounces, to between 2.20-million and 2.30-million... 


Gold nuggets
Congo to buy out UAE partner in gold venture as shipments slump
13th June 2024 By: Bloomberg

The Democratic Republic of Congo (DRC) is finalising a deal to take full control of a gold-export joint venture from its Emirati partner, after shipments slumped. Congo started Primera Gold DRC in... 


AmaranthCX director Paul Miller.
Reserve Bank concern about decline of public markets welcome development – Miller
12th June 2024 By: Martin Creamer

The concern that South Africa’s Reserve Bank expressed last week on the state of this country’s public markets is seen as a welcome development by AmaranthCX director and public market promoter... 


Artisanal gold miners
Four central banks sign London Principles to formalise artisanal small-scale gold mining sector
12th June 2024 By: Darren Parker

The World Gold Council (WGC) has announced that four central banks have committed to signing ‘The London Principles’, which is a set of operating principles to help structure and formalise central... 


Development of rare earth-free permanent magnets.
Artificial intelligence used to eliminate need for rare earths in permanent magnets
11th June 2024 By: Martin Creamer

Discovering new materials has historically been slow. Now artificial intelligence (AI) is making it possible to discover a material entirely computationally and have that verified experimentally.... 


Copper 360 CEO Jan Nelson.
South Africa’s quickly advancing Copper 360 is guiding sharp 2025 revenue rise
11th June 2024 By: Martin Creamer

The revenue of South Africa’s quickly advancing Northern Cape copper mining company Copper 360, the only pure copper play on the Johannesburg Stock Exchange, is forecast by the company to have... 


TotalEnergies, Air Products hydrogen deal uplifts platinum demand outlook still further
TotalEnergies, Air Products hydrogen deal uplifts platinum demand outlook still further
10th June 2024 By: Martin Creamer

A 15-year agreement involving the supply of an initial 70 000 t of green hydrogen a year has been signed by TotalEnergies and Air Products. TotalEnergies, which is active in some 120 countries and... 


Guinea signs alumina refinery deal with Emirates Global Aluminium subsidiary
7th June 2024 By: Reuters

Guinea has signed a non-binding agreement with a subsidiary of Emirates Global Aluminium for the construction of a major alumina refinery, the second one in the country, two senior officials of... 


Major world economies seek to halt new private sector coal financing
Major world economies seek to halt new private sector coal financing
7th June 2024 By: Reuters

Some of the world's major economies want to finalise a plan ahead of this year's UN climate summit to halt new private sector funding for coal projects, five sources with direct knowledge of the... 


South Africa pioneered hydrogen haul truck.
World Hydrogen alerted to benefit of South Africa’s zero-emission hydrogen haul truck
7th June 2024 By: Martin Creamer

One hydrogen haul truck eliminates the deleterious carbon emissions of the equivalent of 700 cars, First Mode global hydrogen sourcing director James Betts highlighted during this week’s World... 


Israel risks losing Colombian coal supplies over Gaza war
Israel risks losing Colombian coal supplies over Gaza war
7th June 2024 By: Bloomberg

Colombia’s trade ministry is calling for a restriction on coal sales to Israel in the latest bid to isolate the Jewish state as the death toll rises in its Gaza campaign. The ministry made the... 


From left Werner Duvenhage, James Cumming and Michael Wickins.
Richards Bay Minerals signs agreement for additional 140 MW of renewable energy
6th June 2024 By: Martin Creamer

A second renewable-energy project has been announced for heavy mineral sands extraction and refining company Richards Bay Minerals (RBM), which mines in northern KwaZulu-Natal and produces... 


Copper’s spike isn’t justified by fundamentals, Trafigura says
Copper’s spike isn’t justified by fundamentals, Trafigura says
6th June 2024 By: Bloomberg

Copper’s recent surge to a record wasn’t justified by real-world supply and demand, according to Trafigura Group — the top copper trader and usually one of the market’s most bullish voices.... 


A wind turbine and a fossil fuel-powered plant
Investment in clean energy to reach $2tr this year, outpacing investment in fossil fuels
6th June 2024 By: Bloomberg

Investment in clean energy technologies will climb to $2-trillion this year, almost double the amount spent on fossil fuels, according to the International Energy Agency (IEA). Two-thirds of the... 


Tucano mine, in Brazil
ICMM suggests tax reforms to drive greater investment to meet metals, minerals demand
5th June 2024 By: Marleny Arnoldi

Mining organisation ICMM says its members paid corporate income tax (CIT) and royalties of $54.2-billion last year, employed 561 800 people and paid $39-billion in wages. About $187-billion was... 


PGM-linked hydrogen peroxide generator.
Platinum group metal poised to help protect world from growing water pollution threat
5th June 2024 By: Martin Creamer

Platinum group metal (PGM) is once again coming to the fore as a mineral resource that goes the extra mile in protecting a threatened global environment. The latest indispensable commodity that is... 


Traders are desperate for copper deals and miners are cashing in
5th June 2024 By: Bloomberg

A heated competition for copper among some of the biggest commodity traders is creating opportunities for miners to negotiate favorable terms ranging from huge upfront payments to extra-long... 


Gold bars
Gold purchases by central banks were strong in April despite high prices, WGC says
5th June 2024 By: Reuters

Net purchases of gold by global central banks rose to 33 metric tons in April from a revised net buying of 3 tons in March, the World Gold Council (WGC) said, signalling continuing strong appetite... 


Copper falls through $10 000 as exchange inventories keep rising
Copper falls through $10 000 as exchange inventories keep rising
4th June 2024 By: Bloomberg

Copper fell below $10 000/t as a sharp rise in global inventories prompts traders to zero in on weak conditions in the spot market. Stockpiles on the Shanghai Futures Exchange have climbed to the... 


Petra Diamonds CEO Richard Duffy
Diamond transparency from mine to finger is on way from Petra
4th June 2024 By: Martin Creamer

Traceability is becoming an increasingly important part of the natural diamond industry, specifically in terms of being able to verify provenance or origin. G7 sanctions being applied also make... 


The Volvo logo on a vehicle
Volvo to issue world's first EV battery passport ahead of EU rules
4th June 2024 By: Reuters

Volvo Cars is launching the world's first EV battery passport recording the origins of raw materials, components, recycled content and carbon footprint for its flagship EX90 SUV, which is about to... 


African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe
South Africa’s ARM completes strategic investment in Canada’s Surge Copper
3rd June 2024 By: Martin Creamer

South Africa’s diversified mining company African Rainbow Minerals has secured its 15% strategic shareholding in Surge Copper, a Toronto Stock Exchange-Venture Exchange company that is advancing an... 


Solar power panels at South Deep gold mine.
ESG intrinsic to long-term mining success, Gold Fields AGM hears
31st May 2024 By: Martin Creamer

Managing environmental, social, and governance (ESG) aspects is intrinsic to the long-term success of mining, Gold Fields chairperson Yunus Suleman highlighted at this week’s annual general meeting... 


Magazine Cover image
Unpacking the conditions for meeting burgeoning copper demand
31st May 2024 By: Marleny Arnoldi

With copper demand expected to increase from 28.3-million tonnes in 2020 to 41-million tonnes by 2040 at a compound yearly growth rate of 1.85%, and many regions gearing up supply chains for... 


Anglo American CEO Duncan Wanblad
Anglo starts formal divestment of coal, nickel after rebuffing BHP, CEO says
30th May 2024 By: Reuters

Anglo American is starting a formal process to sell its coal assets and explore options for its nickel operations after fending off a takeover threat from bigger rival BHP Group, CEO Duncan Wanblad... 


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