R/€ = 19.7943 Change: -0.0646
R/$ = 18.1480 Change: -0.1554
Au 1978.62 $/oz Change: 8.80
Pt 988.38 $/oz Change: 15.96


Rising rates are reshaping once-lucrative commodity trades

By: Bloomberg     20th March 2023 Higher interest rates are forcing commodity traders to rethink some deals and push up prices, in the latest example of how a period of rapid central-bank hiking is reshaping global business. The companies that buy, sell and transport the world’s natural resources are particularly vulnerable to... 

Rainbow upgrades Phalaborwa resource estimate, progresses pilot plant build

By: Donna Slater     20th March 2023 London-based Rainbow Rare Earths has increased the mineral resource estimate of its Phalaborwa rare earths project, in Limpopo, to a measured and indicated 30.4-million tonnes at 0.44% total rare earth oxide (TREO), with the high-value, permanent magnet elements neodymium and praseodymium... 

Reserve and outlook improves at Razorback

By: Esmarie Iannucci     20th March 2023 ASX-listed Magnetite Mines has reported a 340% increase in the ore reserves for its Razorback iron project, in South Australia, as well as the results of an optimisation study which identified the optimum development pathway. Magnetite Mines on Monday said that the best-case project... 

ARC’s portfolio resilient amid challenging macroeconomic environment

By: Marleny Arnoldi     17th March 2023 JSE-listed African Rainbow Capital (ARC) says its diverse investment portfolio has shown remarkable resilience in what was challenging macroeconomic conditions for all the firms it is invested in, in the six months ended December 31, 2022. ARC’s intrinsic investment value in the African Rainbow... 

Trackless mobile machine safety next big challenge, says Minerals Council

By: Martin Creamer     17th March 2023 Having last year achieved the lowest fall of ground fatalities ever, South African mining’s next big safety challenge is to achieve greater safety in the use of trackless mobile machines – rubber-tired vehicles that operate in underground mines without making use of rail tracks. In 2021, South... 

Grindrod plans commodity portfolio expansion in hunt for growth

By: Irma Venter     17th March 2023 Logistics specialist Grindrod aims to “deconcentrate” its portfolio of commodities, says CEO Xolani Mbambo. Unveiling the company’s financial results for the year ended December 31 last week, he noted that Grindrod had been doing exceptionally well in handling large volumes of chrome,... 

New recycling methods required for API

By: Nadine Ramdass     17th March 2023 Owing to the highly solvent-intensive processes associated with active pharmaceutical ingredients (API) manufacturing, a single batch of APIs can use and generate significant amounts of waste. These solvents are also costly to procure and dispose of. API manufacturers continuously investigate and... 

More gas investment needed past 2027 - AEMO

By: Esmarie Iannucci     16th March 2023 The Australian Energy Market Operator (AEMO) has urged for more investment in gas production to meet energy demands post 2027, and has warned of potential supply this winter in the southern states of Australia, under certain conditions. In its 2023 Gas Statement of Opportunities (GSOO) report... 

Exxaro earnings soar, final dividend down

By: Martin Creamer     16th March 2023 Coal, energy and ferrous markets company Exxaro reported strongly rising revenue in its year-end results for the year ended December 31, which boosted earnings before interest, taxes, depreciation and amortisation (Ebitda). The 41% higher revenue at R46.4-billion was the main driver for the 78%... 

Alcoa Australia to cut Portland aluminium smelter output to 75% capacity

By: Reuters     15th March 2023 The Australian unit of US aluminium producer Alcoa Corp said on Wednesday output at its Portland smelter in Victoria would be reduced to about 75% of its total capacity of 358 000 metric tonnes per year, citing instability and production challenges. Australia's Alumina owns a 40% stake in Alcoa... 

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