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Middle East

BHP VP Emma Roberts and COSCO VP Ji Lin signing green shipping agreement.
BHP moves into greener shipping amid cleaner transport ventures intensifying globally
2nd July 2025 By: Martin Creamer

In fewer than three years, major Johannesburg Stock Exchange secondary-listed mining giant BHP will be shipping ore from Australia to Asia in a greener manner amid intensification of transportation... 


Oil and gas methane emissions
Bezos-backed methane tracking satellite is lost in space
1st July 2025 By: Reuters

An $88-million satellite backed by billionaire Jeff Bezos that detected oil and gas industry emissions of the powerful greenhouse gas methane has been lost in space, the group that operates said on... 


Minerals Council South Africa CEO Mzila Mthenjane.
Well-endowed South Africa has huge opportunity ‘right now’ to grow mining sector
1st July 2025 By: Martin Creamer

South Africa has a huge opportunity “right now” to grow its mining sector so that mining is able to provide prosperity for the entire nation, Minerals Council South Africa CEO Mzila Mthenjane... 


Gold bars
HSBC raises average gold price forecasts for 2025 and 2026
1st July 2025 By: Reuters

HSBC raised its 2025 average gold price forecast to $3 215 an ounce from $3 015 and its 2026 forecast to $3 125 from $2 915, citing elevated risks and government debt. Gold tends to perform well... 


Cementation Africa MD Japie du Plessis interviewed by Mining Weekly's Martin Creamer.
Newly named Cementation Africa excited about setting business on new growth path
30th June 2025 By: Martin Creamer

The newly named Cementation Africa is excited about setting the rebranded business on a new growth path. As part of preparations to operate outside of the Murray & Roberts Group, the new “own... 


UK trade envoy for Southern Africa Calvin Bailey, MP.
UK committed to fresh value-adding mining approach, says Southern African envoy
27th June 2025 By: Martin Creamer

The UK government is promising Africa a fresh in-Africa value-adding approach to the mining and minerals development it will be going all out to partner and promote. This promise was spelt out... 


komatsu trucks
Barrick signs equipment deal with Komatsu for Reko Diq
27th June 2025 By: Darren Parker

Barrick Mining and Komatsu have finalised an agreement for the delivery of primary mining equipment to Barrick’s Reko Diq copper-gold project in Pakistan, starting in 2026. The $440-million deal... 


Gold heads for weekly loss as Middle East truce saps demand
Gold heads for weekly loss as Middle East truce saps demand
27th June 2025 By: Bloomberg

Gold headed for its second consecutive weekly loss, after a ceasefire between Israel and Iran dented demand for havens. Bullion edged lower early in Asia to around $3 315 an ounce and was down... 


gold bars
WGC on the warpath to digitise, standardise gold market to enhance trust, transparency
26th June 2025 By: Darren Parker

World Gold Council (WGC) CEO David Tait has highlighted how the council is addressing four major challenges in the digitisation and standardisation of the gold market, namely a lack of trust, poor... 


A gold bar being poured
High costs, rising investment hit 2024 profits of top 40 global mining companies
26th June 2025 By: Natasha Odendaal

Globally, the mining sector – except the gold industry – had a challenging 2024, with declining revenues and earnings before interest, taxes, depreciation and amortisation (Ebitda) as the industry... 


Copper extends gains as Goldman sees 2025 price peak in August
Copper extends gains as Goldman sees 2025 price peak in August
26th June 2025 By: Bloomberg

Copper extended gains for a fifth day, after Goldman Sachs Group said it expected prices to rise to a 2025 peak of around $10 050 a ton in August, as supplies outside the US tighten. Traders of... 


Sydney University Associate Professor Dr Lauren Johnston on screen top left at London Indaba.
China sees pleasing Africa as form of insurance against trade wars, London Indaba hears
25th June 2025 By: Martin Creamer

China sees pleasing Africa as a form of insurance against trade war impacts, Sydney University Associate Professor Dr Lauren Johnston spelt out at the London Indaba, the annual event organised by... 


Gold holds decline as Israel-Iran ceasefire cuts haven demand
Gold holds decline as Israel-Iran ceasefire cuts haven demand
25th June 2025 By: Bloomberg

Gold held a decline, which was triggered by a reduction in Middle East tensions as a shaky Iran-Israel ceasefire appeared to hold, cutting haven demand. Bullion traded little changed at around $3... 


Vale Base Metals chairperson Mark Cutifani at the London Indaba.
Praise heaped on geological data transparency of Malawi, Nigeria at London Indaba
24th June 2025 By: Martin Creamer

There are only two countries in Africa that currently make their geological survey data open to the world. “Malawi is the first, and I believe Nigeria is the second,” Vale Base Metals chairperson... 


A gold nugget on dollar banknotes
Central banks eye gold, euro and yuan as dollar dominance wanes
24th June 2025 By: Reuters

The custodians of trillions of dollars of global central bank reserves are eyeing a move away from the greenback into gold, the euro and China's yuan as the splintering of world trade and... 


Coal loophole undermines bank pledges to cut fossil fuel funding
Coal loophole undermines bank pledges to cut fossil fuel funding
24th June 2025 By: Bloomberg

In the parts of the financial world that have spent the decade since the Paris Agreement trying to curb the most-polluting fossil fuel, there are actually two distinct types of coal — with two very... 


Trump exhorts US to drill oil, gas after Iran attacks
Trump exhorts US to drill oil, gas after Iran attacks
24th June 2025 By: Bloomberg

US President Donald Trump urged his administration on Monday to boost drilling rates and market players to keep oil prices down amid fears that the aftermath of the US attacks on Iran's nuclear... 


US President Donald Trump
Gold falls as haven demand ebbs after Trump announces ceasefire
24th June 2025 By: Bloomberg

Gold retreated as haven demand ebbed after US President Donald Trump announced that Israel and Iran had agreed to a ceasefire that would start about midnight Monday in Washington. Bullion fell as... 


Silver bars
Latest Heraeus appraisal confirms silver investment demand is surpassing that of gold
23rd June 2025 By: Marleny Arnoldi

Refinery services provider Heraeus finds in its latest precious metals review that the gold price is showing signs of relaxation at $3 356/oz, having fallen by about 1.6% in the week to June 20.... 


Richards Bay Minerals GM Growth Strategy Bradley Reddy.
Richards Bay Minerals’ three power pacts will supply 80% of the power it consumes
23rd June 2025 By: Martin Creamer

The three power purchase agreements (PPAs) that Richards Bay Minerals (RBM) has signed to date will provide the lion’s share of this energy-intensive Rio Tinto group company’s current energy needs.... 


A drone monitoring mine operations in West Africa
As gold prices surge, West Africa mine operators launch drones to detect wildcat miners
23rd June 2025 By: Reuters

As the afternoon sun beats down on Gold Fields' sprawling Tarkwa gold mine in southwestern Ghana, three men launch a drone into the clear sky, its cameras scanning the lush 210-square-kilometer... 


US President Donald Trump delivers an address to the nation alongside Vice President JD Vance, Secretary of State Marco Rubio and Defence Secretary Pete Hegseth at the White House in Washington, DC, over the weekend.
Investors set to flock to safety as world awaits Iran’s response
23rd June 2025 By: Bloomberg

Traders are forecasting a drop in stocks, a jump in crude prices and possibly a strengthening of the dollar as investors head for safety in the wake of the US attack on Iran’s three main nuclear... 


Shanghai Platinum Week in its fifth year.
China announces widespread hydrogen scale-up plan ahead of Shanghai Platinum Week
20th June 2025 By: Martin Creamer

An extensive pilot initiative aimed at scaling up hydrogen technology, infrastructure and applications across the length and breadth of China has been announced, shortly before next month’s... 


Energy Minister Dr Kgosientsho Ramokgopa, Air Products GM marketing Arthi Govender and Air Products MD Charles Dos Santos at the Green Hydrogen Summit where Toyota, Valterra Platinum and Air Products showcased in partnership.
Focus on South Africa’s own green hydrogen market first, Air Products recommends
19th June 2025 By: Martin Creamer

South Africa should initially focus intently on its local green hydrogen market rather than the global market, and progress at its own pace, which has the potential to give it a global lead. Air... 


Gold edges higher after Fed’s inflation warning triggers decline
Gold edges higher after Fed’s inflation warning triggers decline
19th June 2025 By: Bloomberg

Gold edged higher following a decline in the previous session triggered by Federal Reserve chairman Jerome Powell’s warning of inflation risks for the US economy. Bullion was trading around $3 380... 


SRK Consulting Congo chairperson Dominique Sambwa.
Positive infrastructure advancement on way in DRC, SRK Consulting Congo reports
18th June 2025 By: Martin Creamer

Positive infrastructure advancement is on the way in the Democratic Republic of Congo (DRC), SRK Consulting Congo chairperson Dominique Sambwa has pointed out. Speaking to Mining Weekly during a... 


Canadian Prime Minister and G7 chairperson Mark Carney
G7 launches action plan to secure critical minerals supply chains
18th June 2025 By: Mariaan Webb

The leaders of the Group of Seven (G7) countries have unveiled a new critical minerals action plan aimed at securing the supply of materials for clean energy, digital technologies and industrial... 


gold bars
Central bank gold reserves surge amid global uncertainty, survey reveals
17th June 2025 By: Darren Parker

Central banks have accumulated more than 1 000 t of gold in each of the last three years, up significantly from the 400 t to 500 t average over the preceding decade, according to the World Gold... 


Members of Palabora Mining and Mzansi renewable energy and grid-forming consortium.
South African copper mining company signs 12-year green energy supply agreement
17th June 2025 By: Martin Creamer

In a major boost for sustainable mining and South Africa’s clean energy ambitions, Mzansi Energy Consortium has signed a 12-year power purchase agreement with Palabora Mining Company (PMC) in... 


Citi calls time on gold’s rally due to slumping demand, Fed cuts
Citi calls time on gold’s rally due to slumping demand, Fed cuts
17th June 2025 By: Bloomberg

Gold is expected to sink back below $3 000 an ounce in the coming quarters as a record-setting rally runs out of steam, according to Citigroup Inc., calling time on one of the standout rallies in... 


IFC to provide $400m loan for Pakistan's copper/gold Reko Diq mine
IFC to provide $400m loan for Pakistan's copper/gold Reko Diq mine
17th June 2025 By: Reuters

The International Finance Corporation (IFC) will provide a $400-million subordinated loan for Pakistan’s Reko Diq copper/gold mine, according to an IFC disclosure on Friday. The loan adds to a... 


Santos CEO Kevin Gallagher
'Deep pockets' could help Abu Dhabi win regulatory approval for Santos bid, analysts say
17th June 2025 By: Reuters

Abu Dhabi National Oil Company, preparing an $18.7-billion bid for Santos, is likely to face close scrutiny from Australian regulators worried about local gas supply, but could win them over with... 


ZEITI national coordinator Ian Mwiinga.
Well done, Zambia, on your transparent ‘G-Factor’ mining revenue system
13th June 2025 By: Martin Creamer

Zambia is strengthening transparency and accountability to make sure that natural resources improve the lives of all of its citizens. It gives easy visibility to the level of natural resource... 


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