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Australia's biggest mining royalty firm Deterra debuts with $1.83bn market value

By: Reuters     23rd October 2020 Deterra Royalties debuted on the ASX on Friday with a market value of A$2.57-billion after being spun off from mineral sands producer Iluka Resources. Deterra, the country's biggest listed mining royalty business, joins Australia's top 200 listed companies after issuing about 528 million shares,... 

On-The-Air (23/10/2020) 

By: Martin Creamer     23rd October 2020 South Africa’s biggest mechanised gold mine is expecting to get approval to generate its own electricity before year-end; The decision of the Cabinet to impose a tax on the export of raw chrome will bring essential relief to our important but struggling ferrochrome industry; and there is growing... 

Company engages govt for greater awareness of local industry

23rd October 2020 Stainless steel producer Wire Products Stainless Steel Productions (WPSSP) is engaging government to create greater awareness about the local supply of stainless steel long products and wire. The Germiston-based company has met with the Department of Trade and Industry, the Department of Public... 

Australia’s commodities heartland set for major hydrogen plant

By: Bloomberg     20th October 2020 The desolate red sands of the Pilbara region in western Australia, home to most of the iron-ore mines that account for a major chunk of the nation’s export income, may one day house an ambitious hydrogen export hub. The Asian Renewable Energy Hub, which would use electricity from wind and solar... 

Business welcomes recovery plan, but urges swift implementation 

16th October 2020 Organised business formations have responded to the Reconstruction and Recovery Plan released by President Cyril Ramaphosa on October 15. On the whole, business has welcomed the plan, including the fact that it embraces many of the recommendations made to government by the social partners through... 

Report discusses challenges, options as world continues to drive decarbonisation agenda 

By: Simone Liedtke     16th October 2020 While the global shift from fossil fuels to renewables is helping new ecosystems and technologies to emerge, many of the pursued steps towards decarbonisation pose unique challenges. Many participants in the energy and resources industries have declared an intention to become carbon neutral by... 

China bans Australian coal imports as political relations sour

By: Bloomberg     12th October 2020 China has suspended purchases of Australian coal, according to people familiar with the order, as Beijing continues to tightly control imports of the fuel amid soured political relations with Canberra. Chinese power stations and steel mills have been verbally told to immediately stop using... 

Sedibelo Platinum Mines closer to finding listing date – Frandsen  

By: Martin Creamer     5th October 2020 The unlisted Sedibelo Platinum in South Africa’s North West province is closer to finding a listing date, says Pallinghurst managing partner and co-founder and Sedibelo chairperson Arne Frandsen, who is absolutely bullish about the prospects for platinum group metals (PGMs) in the medium to long... 

Top steel producer commits to zero emissions by 2050

By: Mariaan Webb     30th September 2020 ArcelorMittal on Wednesday announced a group-wide commitment to being carbon neutral by 2050, building on the commitment made in 2019 for its European business to reduce emissions by 30% by 2030, and be carbon neutral by 2050. “As the world’s leading steel company, we believe we have a... 

Cleveland-Cliffs CEO says focus after ArcelorMittal deal is emissions

By: Bloomberg     29th September 2020 The head of Cleveland-Cliffs sees an “era of clean steel” ahead, and its main focus will be on cutting carbon emissions as it expands production of the metal with a second major acquisition this year. Cliffs, which on Monday said it will purchase the US operations of ArcelorMittal for... 

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