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Copper production in Peru, Panama to offset lower output in Indonesia, Zambia

By: Marleny Arnoldi     13th May 2019 After having grown by 2.5% in 2018, global copper production is expected to remain essentially unchanged this year, but will grow by 1.9% in 2020, the International Copper Study Group (ICSG) said in its ‘Copper Market Forecast for 2019/20’, released on Monday. ICSG met with global copper... 

Platinum market set to move into deficit this year – Johnson Matthey 

By: Marleny Arnoldi     13th May 2019 The platinum market is expected to move into deficit this year, with a resurgence in investor activity to outweigh modest falls in industrial and jewellery demand, says Johnson Matthey in its latest platinum group metals market report. The science multinational company expects a tentative... 

Adani sees India coal imports at record as demand endures

By: Bloomberg     10th May 2019 India’s thermal coal purchases are expected to surge to a record this year and remain robust through the next decade as domestic supply lags demand, according to the country’s largest importer. Overseas shipments will climb almost 11% to 184-million metric tons during the financial year started... 

Aurelia Metals scraps talks to buy Glencore's CSA mine

By: Reuters     9th May 2019 Aurelia Metals on Thursday said it was no longer in talks about a possible acquisition of the CSA mine in New South Wales, the second Australian miner since April to back off from plans to buy the Glencore-owned copper mine. Last month, Aeris Resources said it was unable to reach an agreement... 

Indian crude oil import dependency surges to 84%

By: Ajoy K Das     9th May 2019 Rising consumption and falling domestic production has increased India’s crude oil import dependency to 83.7% during 2018/19, compared with 82.9% during previous financial year, data from Petroleum and Natural Gas Ministry has showed. Despite Prime Minister Narendra Modi’s ostensible target to... 

Coal exports continue to drive Qld economy

By: Esmarie Iannucci     8th May 2019 Coal has continued to drive exports in Queensland, with the state government this week reporting an increase of 18.4% in the value of exports, which reached A$84.3-billion in the 12 months to March. “Yet again the value of Queensland’s merchandise exports over the year are larger than NSW and... 

Australia, Guinea, Indonesia to lead bauxite mining up to 2029

By: Marleny Arnoldi     7th May 2019 Following a decline in global bauxite production in 2018, consultancy company Fitch Solutions says global bauxite production this year is being driven by new projects coming on line in Guinea and Australia, as well as a ramp-up in production in India and Indonesia. Australia holds 12 of the 29... 

Sand mining 'mafias' destroying environment, livelihoods – UN

By: Reuters     7th May 2019 Sand mining is eroding the world's river deltas and coastlines, damaging the environment and hurting livelihoods from Cambodia to Colombia, as government regulation fails to keep pace with rising demand, the United Nations warned on Tuesday. Global demand for sand and gravel, used extensively in... 

groundWork opposing Minister’s plan to weaken air pollution standards

By: Simone Liedtke     6th May 2019 Environmental justice group groundWork, represented by the Centre for Environmental Rights, has launched High Court proceedings against Environmental Affairs Minister Nomvula Mokonyane and President Cyril Ramaphosa and is asking the court to set aside government’s plan to double the amount of... 

Top oil buyers rue global chaos bringing back seller's market

By: Bloomberg     6th May 2019 The world’s biggest oil buyers are being forced to go on the defensive once again. US President Donald Trump’s sanctions on Iran and Venezuela, the Opec+ coalition’s output curbs, and disruptions from Nigeria to Libya are all handing crude sellers the upper hand in negotiations. With refiners in... 

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