R/€ = 19.5075 Change: -0.1242
R/$ = 17.8793 Change: -0.2244
Au 1964.72 $/oz Change: 0.38
Pt 979.08 $/oz Change: 10.49

Popular This Month

Cabinet approves Bill to open power market

By: Bloomberg     Updated 2 hours 14 minutes ago Cabinet approved a Bill on electricity regulation designed to clear the path for private generation projects and power trading. State-owned Eskom Holding has provided more than 90% of electricity used by the most industrialized nation on the continent for a century. The Electricity Regulation... 

Transmission infrastructure

Trafigura doing 'major' audit of nickel fraud missteps, CEO says

By: Bloomberg     10th March 2023 Trafigura Group is carrying out a “major internal audit” after being hit by an alleged nickel fraud, CEO Jeremy Weir said in his first public comments on the subject. “You’ve got to learn from experiences like this,” he said in an interview with Bloomberg TV. He emphasized that the alleged fraud... 

Platinum-based hydrogen fuel cell vehicles forecast to be TCO unrivalled by 2026/7 

By: Martin Creamer     8th March 2023 The total cost of ownership  (TCO) of platinum-based hydrogen fuel cell electric vehicles (FCEVs) is forecast to be less than that of battery electric vehicles (BEVs) by 2026, and less than that of internal combustion engines (ICEs) by around 2027, with an overall estimated 50% FCEV cost decline... 

Hydrogen fuel cell electric vehicles are forecast to take the competitive high road.
Hydrogen fuel cell electric vehicles are forecast to take the competitive high road.

Sibanye-Stillwater records third-best earnings as it celebrates tenth anniversary  

By: Martin Creamer     28th February 2023 This month ten years ago, Sibanye Gold Limited was unbundled by Gold Fields Limited and listed on the JSE and the NYSE as an independent company with three deep-level South African gold mines and a market capitalisation of R10-billion. Today, the group, headed by CEO Neal Froneman, is intent on... 

Sibanye-Stillwater ten years on.

Platinum market back in contango, big improvement of net investment expected – WPIC 

By: Martin Creamer     8th March 2023 The World Platinum Investment Council (WPIC) today publishes its Platinum Quarterly for the fourth quarter of 2022, full year 2022, and a revised forecast for 2023. After two years of significant surpluses the platinum market is forecast to move to a material deficit in 2023. The change from the... 

World Platinum Investment Council Director of Research Ed Sterck.

Collaboration has ensured an improved record for tailings facility safety, panel finds  

By: Marleny Arnoldi     28th February 2023 With the volume of tailings deposits globally increasing at a faster rate than it did in the last century, it has become prudent for mining companies to ensure minimal risks to surrounding environments and communities, including through constant collaborative innovation and meaningful community... 

Bongani Butheleze, Tabatha Chaves Matus, Jaco Schoeman and Luis Torres-Cruz

St Barbara's Canadian tailings plan falters

By: Esmarie Iannucci     2nd March 2023 Gold miner St Barbara has flagged the early closure of its Touquoy operations, in Nova Scotia. The miner on Thursday said it had received requests for information from the Nova Scotian Minister of Environment and Climate Change in response to the environmental assessment of the proposal to... 

South Africa will overcome its rail and electricity problems, Menar MD predicts  

By: Martin Creamer     27th March 2023 At the end of the day, South Africa will overcome its rail transport and electricity availability issues, and confidence in both Transnet and Eskom will be fully restored, Menar MD Vuslat Bayoglu predicts. “I’m confident that Transnet’s problems will be solved because South Africa’s got great... 

Menar MD Vuslat Bayoglu.

US energy regains its swagger while rest of world gets IRA envy

By: Bloomberg     9th March 2023 Energy executives and Biden administration officials in Houston had a simple message for Europe and other regions griping that US climate spending will starve them of investment: Stop complaining and put up the cash to enact measures of your own. In a standing-room-only luncheon address at the... 

US Energy Secretary Jennifer Granholm speaking at CERAWeek in Houston.
US Energy Secretary Jennifer Granholm speaking at CERAWeek in Houston.

BHP eyes copper, nickel projects as it bypasses lithium

By: Reuters     9th March 2023 BHP Group on Wednesday said it remains committed to growing its portfolio of copper and nickel projects but is not interested in the lithium market, which it believes is well supplied. The comments echo those the world's largest mining company made in the past year and come as lithium prices... 

BHP's Nickel West operations in Australia
BHP's Nickel West operations in Australia

Gold Fields, AngloGold set out to create Africa's largest gold mine

By: Chanel de Bruyn     16th March 2023 Gold miners Gold Fields and AngloGold Ashanti have announced plans to merge their neighbouring Tarkwa and Iduapriem mines, in Ghana, under a new joint venture (JV). The companies have agreed, in principle, on the key terms of the proposed JV and have started with preliminary, high-level and... 

A map showing AngloGold's Iduapriem mine on the left and Gold Fields' Tarkwa mine on the right
A map showing AngloGold's Iduapriem mine on the left and Gold Fields' Tarkwa mine on the right

Zimbabwe’s ban on lithium ore exports triggers stockpile buildup 

By: Bloomberg     14th March 2023 Zimbabwe’s ban on lithium ore exports has resulted in stockpiles of the key battery metal building up in the southern African country. The ban – introduced by the government last December in a bid to encourage local processing of the metal – has resulted in two-million tons of ore being... 

The Arcadia lithium mine in Zimbabwe
Photo by Bloomberg
The Arcadia lithium mine in Zimbabwe

Quest for world’s biggest diamonds gives De Beers a headache

By: Bloomberg     28th February 2023 To the southeast of the teeming herds of wildlife in the Okavango Delta in Botswana, an offshoot of the Lundin mining dynasty is extending its search for the world’s biggest diamonds. Lucara Diamond Corp is sinking an 800 m shaft to ensure the kimberlite orebodies at its Karowe mine keep... 

Lucara is sinking an 800 m shaft at its Karowe mine in Botswana
Photo by Bloomberg
Lucara is sinking an 800 m shaft at its Karowe mine in Botswana

Orion will now build smaller but get base metals into production far sooner 

By: Martin Creamer     15th March 2023 What South Africa’s base metals mining aspirant Orion Minerals has been trying to do over the last two years is to drive a very typical historic project financing arrangement for junior mining. This very typical historic project financing model involves getting banks in for between 60% and 70% of... 

Northern Cape base metals' hubs.
Northern Cape base metals' hubs.

Billionaire mining tycoon in India fights to clear Vedanta's debt

By: Bloomberg     27th March 2023 For decades, Anil Agarwal cultivated a reputation as one of India’s great survivors. Starting as a scrap metal dealer, the billionaire magnate built a mining conglomerate to rival any other, weathering cash crunches, government friction and disputes with Indigenous people over expansion plans.... 

Anil Agarwal
Photo by Donna Slater
Anil Agarwal

Coal miner Exxaro to build 68 MW solar power plant in Limpopo  

By: Martin Creamer     16th March 2023 Financial close is expected at the end of this month for construction in the second quarter of this year of a 68 MW solar power plant at a cost of between R1.52-billion and R1.56-billion, Exxaro CEO Dr Nombasa Tsengwa said during Thursday’s record-earnings presentation by the coal, energy and... 

Exxaro CEO Dr Nombasa Tsengwa.

Glencore set to lose crown as top cobalt miner to China's CMOC

By: Bloomberg     22nd March 2023 A Chinese miner is set to overtake Glencore as the world’s top cobalt producer this year, as the rush for critical green-energy metals intensifies. The challenger to Glencore’s dominant position is CMOC, which first became a major player in the cobalt market when it acquired the Tenke Fungurume... 

Northam to proceed with RBPlat takeover offer as Implats withdraws complaints

By: Tasneem Bulbulia     9th March 2023 Platinum group metals (PGMs) miner Northam Platinum has informed its shareholders that Impala Platinum (Implats) has summarily withdrawn various complaints to the Takeover Regulation Panel (TRP) regarding an announcement by Northam of its firm intention to make an offer to Royal Bafokeng Platinum... 

Implats reports big response to request for information on wheeled renewables  

By: Martin Creamer     2nd March 2023 Platinum group metals mining and marketing company Impala Platinum (Implats) has had a major response to its request for information (RFI) for electricity through wheeling from renewable energy sources to its South African operations. “I must say the response was overwhelming, given the other... 

Dr Tsakani Mthombeni

A $1.5bn hoard of copper and cobalt is piling up in Congo

By: Bloomberg     27th February 2023 A growing pile of copper and cobalt worth about $1.5-billion is stranded in the Democratic Republic of Congo, caught up in a standoff over the future of one of the world’s biggest battery-metal mines. The huge stash of metal is owned by China’s CMOC Group, which is locked in a dispute with its... 

Trafigura CEO says tight metal supply threatens green transition

By: Bloomberg     9th March 2023 Looming supply shortages of several key metals like copper and lithium could threaten the global transition to clean energy, according to Trafigura CEO Jeremy Weir. A dearth of battery metals including lithium and cobalt have underscored the challenges that automakers could face in boosting... 

An image of Trafigura CEO Jeremy Weir.
Trafigura CEO Jeremy Weir speaking at the CERAWeek conference in Houston this week.

Goldman warns carmakers against buying miners: 'It always end in tears'

By: Bloomberg     2nd March 2023 Car manufacturers acquiring mining companies to secure raw materials needed for electric vehicle batteries will end badly if history is any guide, according to Goldman Sachs Group’s head of commodities. History is littered with examples of consumers trying to move upstream in commodities... 

Goldman Sachs head of commodities Jeff Currie
Goldman Sachs head of commodities Jeff Currie

Australia leading the way in critical minerals - report

By: Esmarie Iannucci     7th March 2023 A new report by Geoscience Australia has shown that Australia’ was the world’s top lithium producer in 2021, and was among the top five global producer of 18 mineral commodities, including iron-ore, bauxite, gold, cobalt, mineral sands, rare earths, zinc and nickel. In the Identified Mineral... 

Image shows a lithium sample

Rio agrees to $15m penalty to settle SEC Simandou case 

By: Esmarie Iannucci     7th March 2023 Diversified miner Rio Tinto has agreed to pay a $15-million civil penalty, without admitting or denying to allegations made by the US Securities and Exchange Commission (SEC) into certain contractual payments made to a former consultant in 2011, relating to the Simandou project in Guinea. The... 

Rio agrees to $15m penalty to settle SEC Simandou case

Lithium prices in China halve in just four months  

By: Bloomberg     22nd March 2023 The frenzy for lithium, which saw Chinese prices of the electric-vehicle battery material surge more than 1 300% in just two years, has turned into a rapid retreat. Prices of lithium carbonate, the benchmark product, have halved since rocketing to a record last November, according to data from... 

Lithium prices in China halve in just four months

Harmony’s cheaper electricity and productivity surge can extend mine life  

By: Martin Creamer     1st March 2023 The three-phase renewable energy rollout of Harmony Gold is not only driving decarbonisation but also the reduction of electricity costs, which has the potential to extend mine life through a triple-win outcome. On the productivity front, strides are being made under the S300 business improvement... 

First two phases alone will save R425-million a year.

Glencore CEO says his company is cheapest way to benefit from copper boom

By: Bloomberg     16th March 2023 Glencore boss Gary Nagle said his company is the cheapest way to buy exposure to a coming copper boom as he predicted a renewed spree of dealmaking in the mining industry. The mining industry had largely turned its back on big-ticket deals after a series of disastrous transactions at the height... 

Glencore CEO Gary Nagle
Glencore CEO Gary Nagle

Platinum group metals can add million South African jobs plus R8-trillion to economy  

By: Martin Creamer     28th March 2023 Collaborative marketing of platinum group metals (PGMs) has the potential to add a million more South African jobs and contribute R8-trillion more to the economy as the world greens and lowers carbon intensity. The combination of green hydrogen displacing natural gas and fuel cell electric... 

Platinum group metals can boost South African jobs and economic growth.

Trafigura lines up Russia aluminium deal in challenge to Glencore

By: Bloomberg     28th February 2023 Commodity trader Trafigura Group is in talks to buy aluminum from United Co. Rusal International, highlighting its willingness to strike new deals with Russian companies even as its biggest rival balks. Trafigura and Rusal are discussing a term contract for about 150 000 t of aluminum on a... 

An image of a worker pouring aluminium at a smelter in Russia

Panic over metals for EVs goes all the way to automakers' C-suites

By: Bloomberg     6th March 2023 The merry-go-round of private meetings at an annual mining industry conference at Florida’s Hollywood Beach had a cast of new faces this year: auto sector executives increasingly anxious about surging prices and tighter supply of metals used in electric vehicle batteries. Tesla, Ford Motor and... 

Panama President says First Quantum talks in 'final stretch'

By: Reuters     6th March 2023 Panamanian President Laurentino Cortizo said on Friday talks between his government and Canada's First Quantum Minerals FM.TO over the operation of a major copper mine were in the final stretch, with only one point still to be resolved. "We are in the final stretch to reach an agreement, but... 

Platinum supply heading for a deficit, says Northam's Dunne 

By: Darren Parker     24th March 2023 Without the addition of new platinum group metals (PGMs) projects, production will continue to fall PGMs producer Northam Platinum CEO Paul Dunne has said. “With platinum, we see an accelerating contraction in supply as the South African production base ages. The market may not necessarily... 

Northam CEO Paul Dunne
Northam CEO Paul Dunne

Consortium to develop green corridor for shipping South African iron to Europe 

By: Darren Parker     22nd March 2023 A new consortium is set to explore the options for developing a maritime green corridor for the zero-emission shipping of iron-ore between South Africa and Europe, the Global Maritime Forum (GMF) announced on March 22. This initiative is the first of its kind from Africa and is a step forwards in... 

The Saldanha Bay iron-ore terminal
The Saldanha Bay iron-ore terminal

Thiess wins A$155m contract in Chile

By: Esmarie Iannucci     3rd March 2023 Contract miner Thiess has won a A$155-million mining services contract from joint venture (JV) Minera Centinela to perform full-service mining at the Llano copper project, located in the Sierra Gorda District, in Chile. The contract is expected to start in March 2023, with Thiess’ scope of works... 

Banking has crucial role to play in enabling mining to transition to clean energy, says Nedbank CIB 

By: Martin Creamer     14th March 2023 The banking sector has a crucial role to play in enabling mining companies to transition to clean energy fully, says Nedbank Corporate and Investment Banking (CIB) principal for sustainable finance solutions Telvina Naidoo. “Innovative funding structures and sustainable-finance solutions can help... 

Nedbank Corporate and Investment Banking (CIB) principal for sustainable finance solutions Telvina Naidoo.
Nedbank Corporate and Investment Banking (CIB) principal for sustainable finance solutions Telvina Naidoo.

Canada approves Alamos Gold’s Lynn Lake project

By: Mariaan Webb     7th March 2023 Canadian miner Alamos Gold on Monday announced significant permitting milestones at its Lynn Lake project, in Manitoba, gaining federal and provincial approvals for the MacLellan and Gordon sites. Alamos will redevelop two previously operational mines, which will operate for 13 years, supporting... 

The Lynne Lake gold project is located in Manitoba.
The Lynne Lake gold project is located in Manitoba.


Mining Weekly is a product of Creamer Media.

Other Creamer Media Products include:
Engineering News
Research Channel Africa

Read more


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


Advertising on is an effective way to build and consolidate a company's profile among clients and prospective clients. Email

View options
Subscribe Now
Free daily email newsletter Register Now