R/€ = 17.08 Change: -0.01
R/$ = 16.41 Change: -0.12
Au 1799.25 $/oz Change: -15.77
Pt 883.00 $/oz Change: -33.50


Metals haven’t crashed this hard since the great recession

By: Bloomberg     27th June 2022 Industrial metals are on track for the worst quarter since the 2008 financial crisis as prices are pummeled by recession worries. Copper, the great economic bellwether, has ricocheted into a bear market from a record four months ago, while tin just tumbled 21% in its worst week since a 1980s... 

Mincor marks first revenue from Kambalda

By: Esmarie Iannucci     23rd June 2022 ASX-listed Mincor has received first payment from its first parcel of nickel ore processed through mining major BHP’s Kambalda nickel concentrator, in Western Australia. Mincor on Thursday said that a payment of A$25.3-million was received, representing 90% of the payment for nickel concentrate... 

TNG appoints new contractor at Mt Peake

By: Esmarie Iannucci     22nd June 2022 ASX-listed TNG has appointed engineering and construction group Clough as the lead engineering and the preferred engineering, procurement and construction (EPC) contractor for its Mt Peake vanadium/titanium/iron project, in the Northern Territory. TNG’s long-standing strategic engineering partner... 

Delay gas procurement until policy reflects big cost and emission shifts – study 

By: Terence Creamer     20th June 2022 Before moving ahead with the procurement of gas-fired generation, South Africa should update both its Integrated Resource Plan (IRP) for electricity and its Gas Master Plan to reflect prevailing renewables and battery costs, as well as the country’s carbon constraints, a new Meridian Economics... 

Venetia aims to address shortages

17th June 2022 Following the protests over water shortages in Musina last month, a meeting was convened between the Musina local municipality, the Vhembe district municipality and diamond miner De Beers’ Venetia mine to find ways to assist the municipalities in efficiently and safely resolving the issue. 

Could mathematical optimisation help with South Africa’s energy crisis?

9th June 2022 According to the National Planning Commission, there is a pressing need for an Independent, Transmission System and Market Operator (ITSMO) in South Africa in order to turnaround the country’s current debilitating energy crisis. The National Development Plan (NDP) 2029 is explicit on the... 

M&R's Mining platform achieves strong recovery, order book at pre-pandemic levels

By: Schalk Burger     8th June 2022 Engineering and mining contracting firm Murray & Roberts’ (M&R’s) Mining platform says its order book has recovered to pre-pandemic levels. M&R Mining Platform CEO Mike da Costa adds that the platform has made a strong recovery from the economic effects of the Covid-19 pandemic. 

Hasting having a blast at Yangibana

By: Esmarie Iannucci     7th June 2022 Rare earths developer Hastings Technology Metals has marked the first construction blast at its A$658-million Yangibana project, in Western Australia. The company said on Tuesday that the blast represented the start of the next phase of infrastructure development works at Yangibana, on the way... 

Murray & Roberts' mining business makes strong recovery

6th June 2022 The Mining Platform of Murray & Roberts, one of the world’s leading mining contracting businesses, is fast putting the economic effects of the COVID pandemic behind it and its order book has now recovered to pre-pandemic levels. “Our order book was eroded in the immediate aftermath of the global... 

Origin facing coal shortages for power stations

By: Esmarie Iannucci     2nd June 2022 Stuttering coal supplies could spell trouble for ASX-listed Origin Energy’s Eraring power station in the 2023 financial year. The company told shareholders this week that ongoing challenges with coal supply have been impacting Eraring power station throughout 2022, however, the situation has... 

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