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Haul trucks at a copper mine
Copper market facing renewed caution from investors
26th June 2024 By: Sabrina Jardim

With the demand for copper having increased amid the global energy transition, Benchmark Mineral Intelligence project manager: energy transition commodities Piotr Ortonowski described this year as... 


A haul truck at a coal mine in South Africa
LGIM to sell Glencore stake on concern over thermal coal plans
26th June 2024 By: Bloomberg

Legal & General Investment Management (LGIM) said it will divest from Glencore Plc, the world’s biggest coal shipper, on concerns about its production of the most polluting fuel. While most of its... 


Anglo Executive Market Development Head Benny Oeyen
Anglo spearheading exciting new clean hydrogen mobility initiative across Europe
26th June 2024 By: Martin Creamer

Platinum-based hydrogen fuel cell electric vehicles (FCEVs) received a major boost on Wednesday with the announcement of an initiative to deploy new fleets of zero-emission FCEV taxis in Europe.... 


Barrick Gold chairperson John Thornton
Business model of Western mining industry needs new power, London Indaba highlights
25th June 2024 By: Martin Creamer

New power is needed by the Western mining industry, which is still functioning on a trailing old power business model. This was highlighted at Tuesday’s London Indaba, where a spotlight was shone... 


Global miners to invest for growth, transformation amid financial pressure – PwC
25th June 2024 By: Simone Liedtke

The financial performance of the world’s Top 40 mining companies is under pressure owing to lower commodity prices and rising costs, which has resulted in revenues falling by more than 7% despite... 


Copper smelting
Funds to retrench, magnifying copper's losses
24th June 2024 By: Reuters

Sluggish demand in top consumer China and soaring inventories mean funds are likely to retreat further from the copper market, analysts say, adding more pressure to prices which have dropped around... 


University of Fort Hare Vice-Chancellor Professor Sakhela Buhlungu (left) and South Africa President Cyril Ramaphosa.
Global gold mining major highlights academic partnership with South Africa’s Fort Hare
21st June 2024 By: Martin Creamer

The University of Fort Hare, where the offspring of mineworkers were the first graduates, has agreed a R12.5-million, initial ten-year academic partnership with gold mining major AngloGold Ashanti,... 


Key EV battery material can come from a surprising source: methane
20th June 2024 By: Bloomberg

Graphite is key to manufacturing the lithium-ion batteries that power everything from electric cars to smartphones. While China is the world’s top producer and exporter of the crystalline carbon,... 


This Prieska mine chamber was blasted in the 1970s.
Green copper, vapour refining envisaged at Orion’s Northern Cape base metals mines
20th June 2024 By: Martin Creamer

Green copper and clean smelting and refining are envisaged at Orion Minerals’ quickly advancing base metals mines in South Africa’s well-endowed Northern Cape province, which has historically... 


Drone-sinking of coal ship takes Red Sea perils to new level
20th June 2024 By: Bloomberg

The sinking of a coal-carrier by a sea drone has boosted the risk of navigating the vital Bab el-Mandeb chokepoint to a new level and is driving a fresh surge in insurance costs. The British navy... 


Errol Smart
South Africa now a compelling world investment story, upbeat Orion highlights
19th June 2024 By: Martin Creamer

“The sun is finally shining on us,” an upbeat Orion Minerals CEO Errol Smart enthused during an Australia/South Africa webinar on Wednesday, when he outlined how South Africa has become one of the... 


Richards Bay Minerals GM for Growth Strategy Bradley Reddy.
Fast-greening Richards Bay Minerals now eyeing on-site renewables, storage, aggregation
19th June 2024 By: Martin Creamer

Energy-intensive Richards Bay Minerals (RBM), which consumes an average of 1.8 terawatts of power a year, was able to secure its latest 140 MW wind energy power purchase agreement (PPA) in six... 


Central banks to increase gold holdings in next 12 months - World Gold Council
Central banks to increase gold holdings in next 12 months - World Gold Council
18th June 2024 By: Schalk Burger

More than eight in ten, or 81%, of respondents to the 2024 Central Banks Gold Reserves survey said they expect reserve managers to continue to increase their gold holdings in the next 12 months.... 


Flashback to the listing of Southern Palladium on the Johannesburg Stock Exchange two years ago.
Southern Palladium remains committed to advancing Bengwenyama project
18th June 2024 By: Martin Creamer

The completed prefeasibility study (PFS) drilling campaign for the Bengwenyama platinum group metal (PGM) project, on the eastern limb of South Africa’s distinctively endowed Bushveld Complex, is... 


Thungela Resources active in Mpumalanga.
Thungela poised to spend R3.9bn capital in South Africa
18th June 2024 By: Martin Creamer

Johannesburg Stock Exchange-listed Thungela Resources is poised to spend R3.9-billion worth of capital in South Africa going forward. An estimated R1.3-billion of this capital expenditure (capex)... 


Chile says Saudi Mining Minister to visit, lithium expected on agenda
18th June 2024 By: Reuters

Chile's government said on Saturday that Saudi Arabia's Mining Minister will travel to the Latin American country in July and plans to meet with his counterpart in Santiago. Saudi Minister of... 


Gemdax co-founder and partner Anish Aggarwal.
Probably more diamond industry uncertainty now than at any other point – Gemdax
14th June 2024 By: Martin Creamer

While the diamond sector probably has more uncertainty now than at any other point, participants also probably have a bigger opportunity than ever to shape what the future will look like. “One... 


G7 leaders commit to faster transition from fossil fuels - draft statement
G7 leaders commit to faster transition from fossil fuels - draft statement
14th June 2024 By: Reuters

Leaders of the Group of Seven (G7) developed democracies will commit to accelerating their transition away from fossil fuels during this decade, according to a draft of a statement to be issued at... 


Mining activity at Copper 360.
Copper 360 on home straight to produce quite a bit of cash, CEO reports
13th June 2024 By: Martin Creamer

Copper mining and marketing company Copper 360 is on the home straight to produce quite a bit of cash by financial year end. That was the main takeaway from Mining Weekly’s post-results Zoom... 


The Salares Norte mine in Chile
Gold Fields lowers full-year output guidance as Chile mine hit by severe weather
13th June 2024 By: Tasneem Bulbulia

JSE- and NYSE-listed Gold Fields has revised its group-wide full-year production guidance downward, from between 2.33-million and 2.43-million ounces, to between 2.20-million and 2.30-million... 


Gold nuggets
Congo to buy out UAE partner in gold venture as shipments slump
13th June 2024 By: Bloomberg

The Democratic Republic of Congo (DRC) is finalising a deal to take full control of a gold-export joint venture from its Emirati partner, after shipments slumped. Congo started Primera Gold DRC in... 


AmaranthCX director Paul Miller.
Reserve Bank concern about decline of public markets welcome development – Miller
12th June 2024 By: Martin Creamer

The concern that South Africa’s Reserve Bank expressed last week on the state of this country’s public markets is seen as a welcome development by AmaranthCX director and public market promoter... 


Artisanal gold miners
Four central banks sign London Principles to formalise artisanal small-scale gold mining sector
12th June 2024 By: Darren Parker

The World Gold Council (WGC) has announced that four central banks have committed to signing ‘The London Principles’, which is a set of operating principles to help structure and formalise central... 


Development of rare earth-free permanent magnets.
Artificial intelligence used to eliminate need for rare earths in permanent magnets
11th June 2024 By: Martin Creamer

Discovering new materials has historically been slow. Now artificial intelligence (AI) is making it possible to discover a material entirely computationally and have that verified experimentally.... 


Copper 360 CEO Jan Nelson.
South Africa’s quickly advancing Copper 360 is guiding sharp 2025 revenue rise
11th June 2024 By: Martin Creamer

The revenue of South Africa’s quickly advancing Northern Cape copper mining company Copper 360, the only pure copper play on the Johannesburg Stock Exchange, is forecast by the company to have... 


TotalEnergies, Air Products hydrogen deal uplifts platinum demand outlook still further
TotalEnergies, Air Products hydrogen deal uplifts platinum demand outlook still further
10th June 2024 By: Martin Creamer

A 15-year agreement involving the supply of an initial 70 000 t of green hydrogen a year has been signed by TotalEnergies and Air Products. TotalEnergies, which is active in some 120 countries and... 


Guinea signs alumina refinery deal with Emirates Global Aluminium subsidiary
7th June 2024 By: Reuters

Guinea has signed a non-binding agreement with a subsidiary of Emirates Global Aluminium for the construction of a major alumina refinery, the second one in the country, two senior officials of... 


Major world economies seek to halt new private sector coal financing
Major world economies seek to halt new private sector coal financing
7th June 2024 By: Reuters

Some of the world's major economies want to finalise a plan ahead of this year's UN climate summit to halt new private sector funding for coal projects, five sources with direct knowledge of the... 


South Africa pioneered hydrogen haul truck.
World Hydrogen alerted to benefit of South Africa’s zero-emission hydrogen haul truck
7th June 2024 By: Martin Creamer

One hydrogen haul truck eliminates the deleterious carbon emissions of the equivalent of 700 cars, First Mode global hydrogen sourcing director James Betts highlighted during this week’s World... 


Israel risks losing Colombian coal supplies over Gaza war
Israel risks losing Colombian coal supplies over Gaza war
7th June 2024 By: Bloomberg

Colombia’s trade ministry is calling for a restriction on coal sales to Israel in the latest bid to isolate the Jewish state as the death toll rises in its Gaza campaign. The ministry made the... 


From left Werner Duvenhage, James Cumming and Michael Wickins.
Richards Bay Minerals signs agreement for additional 140 MW of renewable energy
6th June 2024 By: Martin Creamer

A second renewable-energy project has been announced for heavy mineral sands extraction and refining company Richards Bay Minerals (RBM), which mines in northern KwaZulu-Natal and produces... 


Copper’s spike isn’t justified by fundamentals, Trafigura says
Copper’s spike isn’t justified by fundamentals, Trafigura says
6th June 2024 By: Bloomberg

Copper’s recent surge to a record wasn’t justified by real-world supply and demand, according to Trafigura Group — the top copper trader and usually one of the market’s most bullish voices.... 


A wind turbine and a fossil fuel-powered plant
Investment in clean energy to reach $2tr this year, outpacing investment in fossil fuels
6th June 2024 By: Bloomberg

Investment in clean energy technologies will climb to $2-trillion this year, almost double the amount spent on fossil fuels, according to the International Energy Agency (IEA). Two-thirds of the... 


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