R/€ = 18.3034 Change: 0.0019
R/$ = 17.3544 Change: 0.1768
Au 1797.30 $/oz Change: 0.00
Pt 1028.50 $/oz Change: 0.00


Gold demand to continue benefitting from high inflation in 2023

By: Marleny Arnoldi     8th December 2022 The interplay between inflation and central bank intervention will be key in determining the outlook for gold in 2023, says World Gold Council (WGC) in its latest ‘Gold Outlook’ report. The council says that, with the global economy having been hit by various shocks over the past year, central... 

New high-tech African facility for SEW-EURODRIVE 

7th December 2022 SEW-EURODRIVE South Africa, a specialist in drive and control technologies, moved into its new state-of-the-art 26 000-m2 headquarters complex in Aeroton, Johannesburg, earlier this year. The new complex more than triples the floor and factory space that was available at its previous premises. 

Glencore’s new-mine taboo may finally end with Argentina copper

By: Bloomberg     6th December 2022 Glencore is moving closer to building a giant copper project in Argentina in a move that would reverse a long-held aversion to developing big new mines. Activity has recently increased at Glencore’s El Pachon copper deposit and it has been making new hires, according to people familiar with the... 

De Beers appoints its first black-owned sightholder in South Africa

By: Marleny Arnoldi     5th December 2022 As part of diamond miner De Beers Group’s strategic objective of driving transformation in the local diamond sector, the group has appointed its first majority black-owned sightholder, Molefi Letsiki Diamonds (MLD), effective January 1 next year. Molefi Letsiki is an alumnus of De Beers’... 


2nd December 2022 Orica is the world’s largest provider of commercial explosives and innovative blasting systems to the mining, quarrying, oil and gas and construction markets, a leading supplier of sodium cyanide for gold extraction, and a specialist provider of ground support services in mining and tunnelling.... 

CME cobalt contract use soars above LME as big players join

By: Reuters     1st December 2022 Activity in CME Group's cobalt futures has this year soared far above London Metal Exchange (LME) volumes, with sources citing major firms including top producer Glencore as users covering their exposure to the battery metal. Consumers, producers, commodity traders, brokers and banks are backing... 

ARM, Wits ink agreement to boost mining skills development and research

By: Natasha Odendaal     25th November 2022 Diversified mining and minerals group African Rainbow Minerals (ARM) and the University of the Witwatersrand (Wits) have entered a multidisciplinary partnership to enhance skills and research in South Africa’s mining sector. The new memorandum of agreement, signed in November, will bolster... 

Latest technology embraced to prevent collisions

24th November 2022 Putting safe distance between people and the range of mobile equipment on surface mines – from off-road dump trucks to excavators and loaders – Collision Avoidance Systems (CAS) have become integral to mining safety. Underpinning the success of CAS has been years of intensive research and... 

Coda optimistic on Elizabeth Creek

By: Esmarie Iannucci     22nd November 2022 Initial studies at junior Coda Minerals’ Elizabeth Creek project, in South Australia, have proven positive for the ASX-listed company. Coda on Tuesday said that a scoping-level mining study completed on the Emmie Bluff copper/cobalt deposit, had found that it could support a production rate of... 

COP27 draft leaves out pledge to phase down all fossil fuels

By: Bloomberg     17th November 2022 Countries negotiating at the climate summit in Egypt are on track to reject calls for phasing down the use of all fossil fuels, snuffing efforts by India and key developed nations to target oil and gas as well as coal in an overarching deal at COP27. The Egyptian presidency published the first... 

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