R/€ = 19.34 Change: -0.01
R/$ = 16.33 Change: 0.00
Au 1950.30 $/oz Change: -3.63
Pt 929.31 $/oz Change: -12.47


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... 

Western Australian salt project gets federal backing

By: Esmarie Iannucci     25th August 2020 The federal government has awarded ASX-listed BCI Minerals Major Project status for its Mardie salt and potash project, in Western Australia. Major Project status provides companies with extra support from the Major Projects Facilitation Agency, including a single entry point for Commonwealth... 

China plans to boost cobalt reserves as virus spurs supply risks

By: Bloomberg     19th August 2020 China’s state stockpiling agency has drawn up plans to buy 2 000 tons of cobalt after the coronavirus pandemic highlighted the fragility of supplies of the strategic mineral. The National Food and Strategic Reserves Administration could put its purchasing plan into action by the end of this... 

Weekly Coal Index Report

17th August 2020 Both Australia and South Africa may experience a wetter than normal summer, as the possibility of a La-Nina event increases. Combined with the high level of atmospheric water from melted Arctic ice, coal miners may be hoping for rain-induced supply disruptions at operations and ports to counter... 

Infrastructure investment would boost SA’s potential growth – OECD 

By: Terence Creamer     14th August 2020 Higher levels of infrastructure investment are needed to increase South Africa’s potential growth, the Organisation for Economic Cooperation and Development’s (OECD’s) latest survey of South Africa asserts. Released on July 31, the report warns that the South African economy could contract by as... 

Transnet CEO expects subdued commodity prices to weigh on recovery from Covid 

By: Terence Creamer     12th August 2020 Transnet CEO Portia Derby warned on Wednesday that the recovery from the Covid-19 pandemic in South Africa and the rest of Africa was likely to be negatively affected by still-subdued commodity prices and the serious deterioration in public finances across the continent, which had resulted in... 

Uncertain when Milnerton oil refinery will come back on stream ­ 

By: Martin Creamer     11th August 2020 Astron Energy’s oil refinery in Cape Town, where a fire broke out last month killing two people and injuring seven others, remains closed while a full investigation into the incident is carried out. The former Chevron 100 000 bbl/d Milnerton refinery – which with the Caltex brand now fall under... 

Lithium feeling pandemic pinch

By: Theresa Bhowan     3rd July 2020 The lithium market is declining as a direct result of electric vehicle (EV) plans being pushed back and EV production plummeting, says international commodities consultancy Core Consultants. 

More border openings wanted for returning workers – Minerals Council 

By: Martin Creamer     15th June 2020 More border openings are wanted for returning foreign mineworkers. As of Thursday last week, not a single foreign mineworker had re-entered South Africa from neighbouring foreign countries. “Only a limited number of border posts are open,” Minerals Council South Africa environment, health and... 

Weekly Coal Index heralds vital new era of African pricing transparency  

By: Martin Creamer     10th June 2020 Coal remains the dominant primary energy source for the production of electricity in South Africa. Even with high allocations for renewable energy in the latest Integrated Resource Plan (IRP) 2019, as well as the prospect of coal-plant decommissioning over the coming ten years, coal is still... 

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