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Iron-ore tests floor as plunge to $90/t puts mines at risk
Iron-ore tests floor as plunge to $90/t puts mines at risk
11th September 2024 By: Bloomberg

Iron-ore’s plunge is about to test the view that the steelmaking material can find solid price support at $90 a ton or more as high-cost mines are nudged out of the market. Futures in Singapore... 


Cobalt produced in the DRC
Net zero needs more metals, but less extraction from the earth
11th September 2024 By: Bloomberg

The mining industry is currently one of the most significant contributors to planet-warming emissions — but it's on track to become one of the most important sectors for a net-zero future. Annual... 


The Sukari openpit mine
AngloGold notes ‘enormous geological potential’ in Egypt as it moves to acquire Centamin
10th September 2024 By: Darren Parker

The boards of gold producers AngloGold Ashanti and Centamin have agreed to a transaction for AngloGold to acquire all shares in Centamin in exchange for 0.06983 of a new AngloGold share and $0.125... 


China has more than 1bn t/y of new coal mines in pipeline, report says
China has more than 1bn t/y of new coal mines in pipeline, report says
10th September 2024 By: Reuters

China accounts for more than half of the world's pipeline of new coal mines, risking a significant increase in methane emissions, a new study published on Tuesday showed. China is developing... 


World Platinum Investment Council Director of Research Edward Sterck.
Platinum market deficit forecast to exceed million ounces in 2024 amid robust demand
10th September 2024 By: Martin Creamer

Robust growth is expected to drive total platinum demand to 8 118 000 oz, leading to a substantial market deficit of 1 028 000 oz in 2024, the World Platinum Investment Council (WPIC) says in its... 


Development Bank of Southern Africa Chief Economist Zeph Nhleko.
Development finance institutions are key architects of hydrogen economy – Nhleko
9th September 2024 By: Martin Creamer

Development finance institutions (DFIs) are more than just financial supporters of the hydrogen economy, they are important architects of its future, Development Bank of Southern Africa (DBSA)... 


China sets Up Beijing-backed lithium group to tap salt lakes
9th September 2024 By: Bloomberg

China Minmetals will take control of a province-backed lithium company in a bid to speed development of a “world-class” industry extracting the battery material from salt lakes in the far west of... 


Iron-ore on a conveyor belt
Iron-ore slumps below $90 as growth fears hit commodities
9th September 2024 By: Bloomberg

Iron-ore sank below $90 a ton for the first time since 2022 as industrial commodities faced sustained pressure from tepid Chinese demand and gathering worries over global growth. Futures for... 


African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe.
African Rainbow Minerals wants to maximise the equity it has in Harmony Gold
6th September 2024 By: Martin Creamer

The global market is going through a very challenging time right now, African Rainbow Minerals (ARM) executive chairperson Dr Patrice Motsepe noted on Friday, when the Johannesburg Stock... 


Gold cubes
Metals Focus reports positive contributions from gold miners globally in 2023
6th September 2024 By: Marleny Arnoldi

Precious metals consultancy Metals Focus finds that combined Scope 1 and 2 greenhouse gas (GHG) emissions from gold mining companies decreased by 5.4% year-on-year in 2023, amounting to 27 249... 


Macmahon wins mining contract in Indonesia
6th September 2024 By: Creamer Media Reporter

Australian mining services group Macmahon Holdings has been selected by PT Citra Palu Minerals (CPM) as the mining services contractor for the Poboya gold project, in Sulawesi, Indonesia. The... 


China’s steel crisis drives iron-ore to worst week since March
China’s steel crisis drives iron-ore to worst week since March
6th September 2024 By: Bloomberg

Iron-ore steadied to remain on track for its worst week since March, with few signs of a recovery for China’s beleaguered steel market. “There is no significant improvement in demand for steel... 


Harmony CEO Peter Steenkamp, who retires at year-end.
Mega gold producer, copper aspirant Harmony flags cost-offsetting silver, uranium value
5th September 2024 By: Martin Creamer

Johannesburg Stock Exchange-listed Harmony, which has 74 years of mining experience in South Africa and two decades in Papua New Guinea (PNG), is not only a mega gold mining specialist with an... 


Chinese lithium producers embrace hedging to manage volatility
5th September 2024 By: Bloomberg

Chinese lithium processors are ratcheting up hedging to offset wild swings in the battery metal, a sign that local futures launched around a year ago are gaining traction. Several companies have... 


Indonesia sees nickel holding near current level on new plants
5th September 2024 By: Bloomberg

Indonesia’s government sees nickel prices stabilizing near current levels in the future, as new plants in the world’s biggest producer offset rising demand and keep the market well supplied.... 


Harmony Gold's green energy plan.
This year's Harmony Gold achievement is incredible, says CEO Steenkamp
5th September 2024 By: Martin Creamer

What Harmony Gold has achieved in the 12 months to June 30 is incredible with the true driver of value being quality gold ounces and a display of capability in regions beyond South Africa, upbeat... 


Dartbrook producing coal once more
Dartbrook producing coal once more
5th September 2024 By: Mariaan Webb

The Dartbrook mine, in the Hunter Valley of New South Wales, has produced coal for the first time since the mine was placed into care-and-maintenance 18 years ago, Australian Pacific Coal (AQC)... 


Iron-ore slides closer to $90 with China’s steel demand at risk
Iron-ore slides closer to $90 with China’s steel demand at risk
4th September 2024 By: Bloomberg

Iron-ore edged closer to its lowest since 2022 as the steelmaking material extended a selloff on fears for China’s crisis-wracked steel industry. Futures in Singapore fell 1.5% to $92.20 a ton by... 


Copper sheets produced in Zambia
China signs deal to revamp decades-old Southern African railway
4th September 2024 By: Bloomberg

China signed an agreement Wednesday to revamp a railway that will help landlocked Zambia, Africa’s second-largest copper producer, export the metal through Tanzania. The heads of state of the three... 


Northam’s Eland mine.
Northam sees Eland becoming significant chrome producer in coming years
4th September 2024 By: Martin Creamer

Northam Platinum, which benefits from a full mine-to-market value chain in chrome, sold around 1.3-million tons of chrome for the year, which contributed 12.5%, or R3.8-billion, to the revenue of... 


Vedanta to pay $932m in dividend to help parent cut debt
Vedanta to pay $932m in dividend to help parent cut debt
3rd September 2024 By: Bloomberg

Indian tycoon Anil Agarwal’s Vedanta approved a third tranche of dividend payout, its latest effort to improve the financial position of its indebted London-based mining parent. The Mumbai-based... 


Fine platinum bars.
Stimulating demand is most consequential action price-hit PGM industry can take
3rd September 2024 By: Martin Creamer

The most consequential action that price-hit platinum group metals (PGM) producers can take as an industry is the stimulation of demand. “But the issue is, are we doing enough to advance the... 


Goldman slashes copper forecast on softening Chinese demand
Goldman slashes copper forecast on softening Chinese demand
3rd September 2024 By: Reuters

China’s increasingly disappointing economic recovery will delay an expected rally in copper, said Goldman Sachs Group as it slashed its forecast for next year by almost $5 000/t. The sharp drop in... 


South32 CEO Graham Kerr.
South32’s future outlook has probably never looked brighter, CEO tells Mining Weekly
2nd September 2024 By: Martin Creamer

The future outlook for South32, the mining and metals company spun out of BHP in 2015, has probably never looked brighter, says South32 CEO Graham Kerr. “It's a decade in for the company, and time... 


Northam CEO Paul Dunne and diesel power generation.
Northam Platinum enters into 180 MW solar farm agreement at energy-intensive mine
30th August 2024 By: Martin Creamer

Platinum group metals (PGMs) and chrome producer Northam has entered into a power purchase agreement with an independent power producer for an 180 MW solar farm at its Zondereinde PGM mine on the... 


Mkango's HyProMag subsidiary continues to progress towards commercial production
30th August 2024 By: Tasneem Bulbulia

During the three months ended June 30, London-listed Mkango Resources continued to advance its recycling interests in the UK and Germany – held through its HyProMag subsidiary – towards commercial... 


polyhalite being held in gloved hands
Anglo partners with fertiliser companies to develop polyhalite market in China
30th August 2024 By: Darren Parker

Diversified mining major Anglo American has signed memorandums of understanding (MoUs) with two major Chinese fertiliser companies Sinochem Fertilizer and BeiFeng to further develop the market for... 


Mount Marion, in Australia
Lithium bust spurs Ganfeng to delay project capex as losses hit
30th August 2024 By: Bloomberg

Battery-material giant Ganfeng Lithium Group said it would delay spending on projects that do not generate “significant” near-term returns after posting a first-half loss, as the industry faces a... 


Iron-ore’s ‘irrational’ rally past $100 triggers warning
Iron-ore’s ‘irrational’ rally past $100 triggers warning
29th August 2024 By: Bloomberg

Iron-ore has jumped by about 10% in 10 days to breach $100 a ton, prompting the official journal of China’s metals industry to pen a long article on why the gains are overdone. The steelmaking... 


The Implats team at 2024 results presentation, covered by Mining Weekly's Martin Creamer. Video: Creamer Media's Nicholas Boyd.
Headwind-hit Implats delivers guided production, controls costs
29th August 2024 By: Martin Creamer

Amid an operating environment constrained by macroeconomic headwinds and low prices for platinum group metals (PGMs), Implats delivered guided production volume and cost control in the 12 months to... 


More renewables on cards at South Deep gold mine, where 50 MW of solar is making major contribution.
More renewable energy on cards at South Deep – Gold Fields
28th August 2024 By: Martin Creamer

The provision of more renewable energy at the South Deep gold mine 50 km south-west of Johannesburg is under intense scrutiny by Gold Fields, which describes the mine’s two-year-old 50 MW solar... 


MC Mining's Vele mine
Hong Kong-listed company to acquire majority interest in MC Mining for $90m
28th August 2024 By: Creamer Media Reporter

South African coal miner MC Mining has entered into an agreement with Hong Kong-listed coal mining and trading group Kinetic Development Group (KDG), which will acquire a 51% interest in MC Mining... 


China’s steel slump set to worsen as heavyweights flag concerns
China’s steel slump set to worsen as heavyweights flag concerns
28th August 2024 By: Bloomberg

China’s steel-industry slowdown looks set to deepen, with BHP Group, the world’s biggest miner, and China Baowu Group, the top iron-ore buyer, flagging concerns as demand fades after decades of... 


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