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Copper tops $8 000 as Goldman points to commodities super-cycle
By: Bloomberg 18th December 2020 Copper topped $8 000 a ton for the first time in more than seven years, with Goldman Sachs Group and BlackRock pointing to the start of a new long-term bull market as supply lags an expected demand boom. The market is witnessing the sharpest rally in more than a decade, with China’s appetite for... →
Oleg Deripaska’s Rusal role spurred Europe sanctions warning to US
By: Bloomberg 17th December 2020 European officials have provided information to the US government indicating that Russian billionaire Oleg Deripaska continued to exert control this year over United Co. Rusal International, which the officials say was a breach of a US sanctions agreement reached in 2018. An assessment sent to... →
Africa needs to cultivate cluster of ‘real catalytic investors’ in response to pandemic
By: Simone Liedtke 16th November 2020 Africa needs to cultivate a cluster of “real catalytic investors to mount strong, build-back better resilient mining investment” in response to the global Covid-19 pandemic, says Africa investor Hubert Danso. Speaking during the opening keynote of this year’s Africa Mining Forum, held virtually,... →
10 maintenance tips for lockdown
By: Creamer Media Reporter 9th October 2020 With many countries currently in some form of forced lockdown, a number of businesses have been forced to shut down their operations for an uncertain time period. Many organisations can lock their front door and go home, working remotely to continue their activities. Others in asset-intensive... →
Minergy achieves milestones despite Covid-19 impact
By: Tasneem Bulbulia 25th September 2020 Coal mining and trading company Minergy recorded considerable achievements and milestones during the financial year ended June 30, despite a significant part of the year being impacted by Covid-19. “Despite border restrictions between South Africa and Botswana (a minimum of 15 weeks), Minergy, in... →
Minerals Council welcomes call to rebuild the South African economy 
By: Tasneem Bulbulia 18th September 2020 Industry body the Minerals Council South Africa has welcomed President Cyril Ramaphosa’s address this week announcing the further lifting of restrictions with the shift in the country’s Covid-19 status to Level 1 from September 20. The Minerals Council says it also shares the view of the... →
Exchange control lifting sends strong growth message – Anglo
By: Martin Creamer 21st August 2020 The lifting of exchange control by South Africa sends a really strong message about the country’s desire to promote investment and growth, says Anglo American finance director Stephen Pearce. He gave South Africa a pat on the back during Anglo’s virtual presentation of half-year results last... →
Gold barrels past $2 000 with stage set for prices to rally more
By: Bloomberg 5th August 2020 Gold’s scorching rally gathered more force, with prices driven higher into record territory above $2 000/oz as investors assessed prospects of more stimulus to combat the pandemic’s fallout, another slide in US real yields and increased geopolitical risks. Bullion is up more than 30% this year,... →
AuStar inks concentrate deal
By: Esmarie Iannucci 3rd August 2020 Junior AuStar Gold has inked a definitive concentrate sales agreement with New York based metals trading house MCC Non-Ferrous Trading for the sale of high-grade concentrate product. AuStar told shareholders that the terms of the agreement remained commercial-in-confidence, but represented... →
Great Panther mines return to stable production
By: Creamer Media Reporter 10th July 2020 Gold and silver mining company Great Panther Mining’s mines in Mexico have returned to stable production, following the lifting of government mandated restrictions on mining, and in Brazil, its Tucano mine has “outperformed” despite the challenges of the global health pandemic. The dual-listed... →
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