R/€ = 16.81 Change: 0.04
R/$ = 15.66 Change: 0.08
Au 1865.90 $/oz Change: 8.62
Pt 956.00 $/oz Change: -16.00

Middle East News

Kefi advances Ethiopia, Saudi Arabia projects

By: Simone Liedtke     16th November 2021 Copper ores company Kefi Minerals expects to receive project finance confirmation for its Tulu Kapi gold project, in Ethiopia, by the end of January, with the project’s full launch expected between February and May. The country’s Ministry of Mines has also confirmed a licence for the project,... 

Coal CEOs say their fuel is far from being consigned to history

By: Bloomberg     16th November 2021 Coal mining chief executives said the fuel they produce is far from being consigned to history, regardless of stricter global climate action agreed at the COP26 summit last week. Demand remains robust in Asia and has picked up in Europe and North America as well this winter, executives speaking... 

Image of Port Waratah in Australia

Bring on non-binary debates for a redefined, realistic just transition, says WCA 

By: Marleny Arnoldi     16th November 2021 A binary, this-or-that debate on technology for a just energy transition is unhelpful and does not consider the unique circumstances for each country in the pursuit of carbonisation, the World Coal Association (WCA) argues. The association’s stance is that it will respect coal users and non-coal... 

A photo of WCA CEO Michelle Manook
WCA CEO Michelle Manook

Copper rises as investors cheer Xi-Biden talks

By: Reuters     16th November 2021 Copper prices rose on Tuesday as the dollar weakened and risk sentiment improved on positive developments from a meeting between US President Joe Biden and Chinese leader Xi Jinping. Three-month copper on the London Metal Exchange rose 0.4% to $9 711.50 a tonne by 05:14 GMT, while the... 

Expect to be unemployed from age 40, Miller warns graduates entering mining   

By: Martin Creamer     15th November 2021 Because of the collapse of investment in greenfields exploration in South Africa, any mining graduate entering the profession today can expect to be unemployed from the age of 40, said AmaranthCX director and founder Paul Miller on Monday, when he pointed out that South Africa is now at an... 

Provided by Paul Miller
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer

Fitch Solutions revises lithium price forecasts upwards

By: Tasneem Bulbulia     15th November 2021 Lithium prices have rallied this year and are now at record high levels amid the sharp acceleration in demand, while global supply struggles to expand, Fitch Solutions Country Risk and Industry Research notes in a report. Fitch Solutions says lithium prices have rallied beyond its expectations. 

WDC sees green shoots of progress in responsible diamond sourcing discussions

By: Marleny Arnoldi     15th November 2021 At the closing session of the 2021 Kimberley Process (KP) Plenary on November 12, World Diamond Council (WDC) president Edward Asscher was encouraged by the KP’s constructive discussions and its welcoming of a Declaration of Supporting Principles for Responsible Diamond Sourcing. Although a... 

Coal stocks lose ground after Glasgow climate deal

By: Reuters     15th November 2021 An international agreement to reduce coal use dragged miners' shares lower on Monday, but tight supply of the commodity provided a floor for a sector that has chalked up huge gains this year. UN climate talks in Glasgow ended on Saturday with a deal targeting fossil fuel use. Wording was... 

An image of a coal carrier

UK's Johnson calls COP26 climate agreement ‘game changing’

By: Bloomberg     15th November 2021 The agreement reached Saturday at global climate talks in Glasgow will be pivotal in the fight to stop global warming, UK Prime Minister Boris Johnson said. The conference hosted by the UK produced a “game-changing agreement that the world needed to see,” Johnson said at a press conference in... 

Image of Boris Johnson
UK Prime Minister Boris Johnson says Glasgow has sounded the death knell for coal power.

Mineral exploration should be incentivised, says IDC’s Thabiso Sekano  

By: Martin Creamer     12th November 2021 Mineral exploration should be incentivised so that South Africa’s great mineral endowment can be optimally leveraged to lower unemployment, improve export revenues, and strengthen this country’s gross domestic product (GDP). That is the view of Industrial Development Corporation (IDC) mining,... 

Creamer Media screenshot of IDC head Thabiso Sekano
IDC Mining Metals Beneficiation Head interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer

Shooting the messenger? Shipping carries the can as investors shun coal

By: Reuters     12th November 2021 Shipping companies that transport the world's coal are in the crosshairs of some financial backers who are cleaning up their businesses in the absence of a truly global drive by nations to renounce the dirtiest fossil fuel. In a sign of investors taking the initiative, six European firms... 

Coal prices to remain volatile heading into 2022

By: Simone Liedtke     12th November 2021 Although coal prices are expected to remain volatile over the remaining quarter of 2021 and into the first quarter of 2022, financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions) has revised its 2021 average price forecast... 

Quality ounces hoisting Harmony into new gold stratosphere  

By: Martin Creamer     11th November 2021 Harmony Gold, which was a bottom-feeding gold mining company, has been hoisted into a new stratosphere of value and volume by the quality ounces it has acquired. Johannesburg- and New York-listed company’s operational update for the three months to the end of September 30 highlights just how... 

Supplied picture
Harmony Gold CEO Peter Steenkamp

South Deep is Gold Fields’ star performer 

By: Martin Creamer     11th November 2021 Mechanised underground Gauteng gold mine South Deep has been hailed by a solidly performing Gold Fields as its star in the three months to September 30. Gold Fields CEO Chris Griffith singled out the 75-year-life West Rand gold mine’s 30%-higher quarter-on-quarter performance when he reported... 

Picture supplied
Gold Fields CEO Chris Griffith

ICMM takes leading role in climate change guidance for industry  

By: Marleny Arnoldi     10th November 2021 The drive for clean energy technologies that are required to achieve the climate goals will increase demand for critical minerals, putting the mining and metals industry at the forefront of the energy transition. However, this necessitates that materials be responsibly sourced and produced,... 

Prevention of harm needs to be acknowledged as a top priority by all companies – RMF report

By: Simone Liedtke     10th November 2021 The harmful impacts of mining remain a challenge for society to acknowledge and address, the Responsible Mining Foundation’s (RMF’s) latest sustainability report states, noting that, on the upside, responsible companies are at least creating positive contributions and managing environmental,... 

Mining sector looking toward hydrogen, battery storage to decarbonise 

By: Marleny Arnoldi     10th November 2021 The global energy landscape is changing amid a rush to net-zero emissions by 2050, and renewable energy is going from strength to strength, with these projects having captured nearly 50% of all new generation build capital in 2020. Energy services company Wärtsilä Canada business development... 

A graphic depicting green hydrogen generation

Gold major Newmont spending $500m on renewables, world congress hears 

By: Martin Creamer     10th November 2021 Gold mining major Newmont is spending $500-million on renewable energy projects against the backdrop of climate risk equating to investment risk for all mining industry participants, the Energy and Mines Virtual World Congress heard on Tuesday. Expenditure of the half-a-billion dollars began last... 

Energy and Mines director Adrienne Baker (left) and Newmont executive VP and chief technology officer Dean Gehring (right).
Energy and Mines director Adrienne Baker (left) and Newmont executive VP and chief technology officer Dean Gehring (right).

Copper trader Trafigura sees weak patch ahead

By: Bloomberg     9th November 2021 Trafigura Group, the world’s largest copper trader and one of the most vocal bulls, expects Chinese copper demand to be weaker for the next few months -- potentially providing relief for the market after available exchange stocks fell to the lowest in decades. Trafigura’s chief economist Saad... 

Copper trader Trafigura sees weak patch ahead

Green hydrogen market presents huge opportunity for Africa – Mantashe  

By: Martin Creamer     9th November 2021 The green hydrogen market presents a huge opportunity for Africa to position itself as a global competitor in future green energy markets, Minerals Resources and Energy Minister Gwede Mantashe has told the Africa Energy Week. Countries such as South Africa and Zimbabwe, the Minister said,... 

Stock picture
Minerals Resources and Energy Minister Gwede Mantashe

WDC calls for action to expand conflict diamonds definition 

By: Marleny Arnoldi     9th November 2021 World Diamonds Council (WDC) president Edward Asscher has implored Kimberley Process (KP) members to expand the definition of conflict diamonds to support long-term consumer confidence. He addressed delegates during the first day of the 2021 KP Plenary on November 8, highlighting that now was... 

WDC president Edward Asscher
WDC president Edward Asscher

Bafokeng clinch green business boost as part of Northam platinum deal  

By: Martin Creamer     9th November 2021 Royal Bafokeng Holdings has accepted an unsolicited offer from Northam Platinum for up to a third of Royal Bafokeng Platinum (RBPlat) in a R17-billion transaction that opens the way for the community to accelerate into the fast-growing green energy economy with Northam’s help. Royal Bafokeng... 

Creamer Media montage of own and supplied pictures
Photo by Creamer Media
Royal Bafokeng Holdings CEO Albertinah Kekana (left) and Northam Platinum CEO Paul Dunne.

AngloGold keeping close watch on inflation 

By: Martin Creamer     8th November 2021 Gold mining company AngloGold Ashanti is keeping a close watch on inflation from which its stocking strategies provided delayed impact in the three months to the end of September, CFO Christine Ramon said on Monday, when the company reported higher costs that reflected a significant reinvestment... 

Creamer Media screenshot
Newly appointed AngloGold CEO Alberto Calderon and CFO Christine Ramon

Liquid AngloGold Ashanti prioritising cost reduction, operating efficiencies 

By: Martin Creamer     8th November 2021 Gold mining company AngloGold Ashanti on Monday reported third-quarter production of 613 000 oz, which was 5% higher quarter-on-quarter, excluding Obuasi, the Ghana mine impacted earlier this year by the voluntary suspension of underground mining activities. Newly appointed AngloGold CEO Alberto... 

Supplied picture
AngloGold Ashanti CEO Alberto Calderon

Platinum group metals playing key role in Proudly South African hydrogen breakthrough  

By: Martin Creamer     5th November 2021 Platinum group metals (PGMs), which are hosted overwhelmingly in South Africa, have played a key role in rocketing the performance of local alkaline electrolysers, in which PGMs are not generally used. Hydrox Holdings of Randburg, which has been pursuing hydrogen solutions for more than two... 

Creamer Media screenshot
Hydrox CEO Corrie de Jager interviewed by Mining Weekly's Martin Creamer.

Barrick installing solar power in Nevada, eliminating coal-fired power 

By: Martin Creamer     4th November 2021 Gold and copper mining company Barrick, which is installing solar power in the US where coal-fired electricity generation is also earmarked for elimination, is intent on making plans rather than promises as it cuts carbon emissions. The New York- and Toronto-listed mining company, headquartered... 

Screenshot taken of picture on Barrick website
Barrick president and CE Mark Bristow

GM’s battery bet shows off lithium-metal cell that tops rivals

By: Bloomberg     4th November 2021 SES Holdings, a startup backed by General Motors (GM), is unveiling a lithium-metal battery big enough to power a car, a sign the newcomer is pulling ahead of rivals in its efforts to commercialize technology that could boost the range of electric vehicles. Singapore-based SES, which is going... 

Sibanye advances buyout of Sandouville asset

By: Chanel de Bruyn     4th November 2021 Precious and green metals company Sibanye-Stillwater has signed a share purchase agreement (SPA) to acquire the Sandouville nickel hydrometallurgical processing facility from French mining and metallurgy company Eramet. Sibanye in July signed an exclusive put option agreement to acquire the... 

An image of the Sandouville nickel processing facility
The Sandouville nickel processing facility

Confluence of factors drove recent sharp rise in energy prices

By: Schalk Burger     3rd November 2021 The global energy price shock that has impacted especially energy-intensive industries in major and emerging markets was driven by different local factors in various parts of the world. Those factors include drought conditions in Brazil reducing hydropower output, a prolonged winter in Europe and... 

Wedding market expected to lead demand for platinum jewellery – WPIC

By: Simone Liedtke     3rd November 2021 Platinum Guild International (PGI) in the US is experiencing unprecedented demand for platinum jewellery this year, as PGI US’s strategic business partners recorded an 11% increase in platinum jewellery sales in the first quarter, a 48% increase in the second quarter and a 34% increase in the... 

Copper bounces on scarce supplies and robust risk appetite

By: Reuters     3rd November 2021 Copper prices jumped on Wednesday on low inventories, healthy risk appetite and a brighter technical outlook. Three-month copper on the London Metal Exchange had gained 1.5% to $9 633.50 a tonne by 10:00 GMT, having lost about 8% since October 18. "We've had a very deep correction from the... 

South African Duncan Wanblad to succeed Mark Cutifani as Anglo CE 

By: Martin Creamer     3rd November 2021 Diversified mining company Anglo American on Wednesday announced the appointment of Duncan Wanblad as chief executive with effect from the company’s annual general meeting (AGM) on April 19 next year – and has also spelt out details of Wanblad’s upcoming remuneration package in considerable... 

A picture of Wanblad supplied by Anglo
South African Duncan Wanblad, who takes over as CE of Anglo American on April 19.

Hydrogen can contribute over 20% of global carbon abatement by 2050

By: Yvonne Silaule     3rd November 2021 Hydrogen can provide the lowest-cost decarbonisation solution for over a fifth of final energy demand by mid-century – contributing a cumulative reduction of 80 gigatonnes of carbon dioxide (CO2), the Hydrogen Council's CEO Coalition has told delegates attending COP26, in Glasgow. To achieve that... 

Pallinghurst now has all key battery, hydrogen fuel cell elements  

By: Martin Creamer     3rd November 2021 The Pallinghurst Group now has within its fold all the key elements needed for lithium-ion batteries, fuel-cells and green hydrogen economy. Pallinghurst’s latest transaction with Talon Metals brings in nickel, copper and cobalt, which augment the already-in-the-bag graphite, battery-grade... 

Supplied picture
Pallinghurst Co-Chief Executive and Co-Founder Arne Frandsen speaks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Anglo to transition to green hydrogen mine fleet over decade – Cutifani 

By: Martin Creamer     2nd November 2021 Diversified mining company Anglo American, which is piloting the world’s biggest green hydrogen-powered haulage vehicle, is planning to replace its global truck fleet of 400 diesel trucks with hydrogen trucks over a ten-year period from about 2024. Introducing hydrogen mobility on its mines will... 

Creamer Media screenshot
Anglo American’s hydrogen truck with hydrogen production and refuelling system shown top right.

Anglo can uplift livelihoods of many thousands, sustainability attendees hear

By: Martin Creamer     2nd November 2021 Diversified mining company Anglo American can uplift the livelihoods of many thousands of people living around its communities in South Africa and support many jobs through its sustainability projects, attendees of Anglo’s second 2021 sustainability update were told. The London- and... 

Creamer Media screenshot
Photo by Creamer Media
Anglo American responsible business partnerships head Jon Samuel

Anglo to use underground mine water to generate electricity   

By: Martin Creamer     2nd November 2021 Diversified mining company Anglo American is planning to use water in its underground mines as batteries. The water will be pumped up when operations have excess renewable power and allowed to run back down when electricity is needed. 

Creamer Media screenshot
Photo by Creamer Media
From top left clockwise are Mark Cutifani, Jon Samuel, Stephen Pearce and Zahira Quatrocchi.

UN climate summit starts under cloud after G-20 dodges hard questions

By: Bloomberg     1st November 2021 Climate negotiators at the COP26 summit were banking on the world’s most powerful leaders to give them a boost before they embark on two weeks of fraught discussions over who should do what to slow the rise in global temperatures. In the broadest sense, they got what they needed — any consensus... 

A banner advertising the UN Climate Change Conference (COP 26) where world leaders discuss how to tackle climate change on a global scale.
A banner advertising the UN Climate Change Conference (COP 26) where world leaders discuss how to tackle climate change on a global scale
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