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komati power station with solar panels in front
German energy expert says energy transition a mistake
18th October 2024 By: Darren Parker

The energy transition in its current form, as a grid-scale build out of wind and solar with the goal to replace oil, coal, and gas, is probably one of the greatest mistakes that humanity has ever... 


Spot gold tops $2 700 as metal extends its record-breaking run
Spot gold tops $2 700 as metal extends its record-breaking run
18th October 2024 By: Bloomberg

Gold topped $2 700 an ounce for the first time, as an escalating conflict in the Middle East saw traders flock to safety. Bullion reached climbed as much as 0.3% to $2 700.47/oz, after Israel said... 


Gold rallies to record with tight US election and data in focus
Gold rallies to record with tight US election and data in focus
17th October 2024 By: Bloomberg

Gold climbed to a record ahead of US data prints due later Thursday, with traders also monitoring an increasingly tight presidential race that’s driven demand for haven assets. Bullion climbed as... 


Iron-ore slumps toward $100 after housing briefing in Beijing
Iron-ore slumps toward $100 after housing briefing in Beijing
17th October 2024 By: Bloomberg

Iron-ore tumbled to a three-week low, a sign that investors doubt whether China’s latest moves to shore up the property market will do enough to boost construction activity and steel demand. China... 


Kansanshi in Zambia
Saudi's Manara in advanced talks to buy stake in First Quantum's Zambian mines
16th October 2024 By: Reuters

Saudi Arabia's Manara Minerals is closing in on a deal to buy a minority stake in Canadian miner First Quantum Minerals' Zambian copper and nickel assets, three people familiar with the details... 


South Africa's Lion ferrochrome operation.
South Africa remains attractive mining investment destination, China hears
16th October 2024 By: Martin Creamer

The  South African mining industry is diversifying from the gold mining era to an industry with a diverse range of mineral resources that include platinum group metals (PGMs), chrome, manganese,... 


Anglo American solar, hydrogen plant at Mogalakwena.
Responsible mining promoted in new global standard initiative
16th October 2024 By: Martin Creamer

Four global metals and minerals mining organisations on Wednesday published a draft consolidated standard that covers a wide range of topics related to responsible mining practices. The Copper... 


Gold industry sees prices rising to $2 941/oz over 12 months
Gold industry sees prices rising to $2 941/oz over 12 months
16th October 2024 By: Reuters

The price of gold is expected to rise to $2 941 a troy ounce over the next 12 months from the current $2 661, delegates to the London Bullion Market Association's annual gathering predicted on... 


The Bakubang mine shaft.
Wesizwe Platinum audit disclaimer follows funding support delay
15th October 2024 By: Martin Creamer

Owing to the directors of the JSE-listed Wesizwe Platinum not being able to provide major shareholder agreements, its independent auditing company has expressed a disclaimer of review conclusion,... 


Merafe CEO Zanele Matlala
Ferrochrome production edging back up marginally, Merafe’s latest report shows
14th October 2024 By: Martin Creamer

The report on Monday by Johannesburg Stock Exchange- and A2X-listed Merafe Resources shows ferrochrome production to be edging back up maginally. Ferrochrome is a key ingredient of stainless steel... 


Silver and gold bars
Metals Focus forecasts strong gold price for 2025
14th October 2024 By: Marleny Arnoldi

Precious metals consultancy Metals Focus expects spot gold prices to reach new all-time highs of about $3 000/oz in 2025 on the back of further interest rate cuts, geopolitical concerns and... 


Rio Tinto CEO Jakob Stausholm
Rio takes step toward M&A redemption with $6.7bn lithium bet
14th October 2024 By: Bloomberg

A little over a decade ago, Rio Tinto Group was reeling from the impact of disastrous investments. First, the bruising top-of-the-market purchase of aluminum group Alcan, and then the ill-conceived... 


Mantengu chairperson Jonas Tshikundamalema
Dormant PGMs, chrome mine acquired by job-creating JSE AltX-listed resource investor
10th October 2024 By: Martin Creamer

Johannesburg Stock Exchange AltX-listed company Mantengu Mining has been provided with a platinum group metals (PGMs) and chrome mining industry opportunity by PGMs major Sibanye-Stillwater, the... 


Nicky Oppenheimer
Recycle like there’s no tomorrow, big screen at Oppenheimer event urges attendees
9th October 2024 By: Martin Creamer

Recycle like there’s no tomorrow were the urging words flashed across the large screen at the thirteenth Oppenheimer Research Conference, where long-time former diamond mining luminary Nicky... 


Anglo American CE Duncan Wanblad
Sustainable mining possible and necessary for global growth – Wanblad
9th October 2024 By: Schalk Burger

The mining industry is experiencing a period of unprecedented and protracted change, and many in the mining industry are facing considerable challenges as many commodities are facing revenue... 


Nyanza Light Metals  CEO Donovan Chimhandamba.
$860m ilmenite beneficiation project enters bulk earthworks phase at Richards Bay IDZ
8th October 2024 By: Martin Creamer

The bulk earthworks phase of the Nyanza Light Metals plant to advance ilmenite up the value curve as titanium dioxide (TiO2) pigment has begun at the Richards Bay Industrial Development Zone... 


Investors with $15tr signal new approach to miners
Investors with $15tr signal new approach to miners
8th October 2024 By: Bloomberg

Investors need to adopt a new approach to the mining sector if that industry is to meet the growing demand for minerals and metals needed for the green transition. That’s the central message in a... 


Mogale Tailings Retreatment operations manager Oriel Shikwanbana
Contract route saves gold project R300m, local tech takes tanks out of critical path
7th October 2024 By: Martin Creamer

The contract route chosen to recover gold from the mine dumps of the West Rand’s Mogale City reduced the project cost by R300-million. In addition, the technical prowess of a Krugersdorp... 


Iron-ore pushes higher on hopes more China stimulus is coming
Iron-ore pushes higher on hopes more China stimulus is coming
7th October 2024 By: Bloomberg

Iron-ore rose — following two sharply weekly gains — on speculation China’s top economic planner will unveil more stimulus measures at a press briefing on Tuesday morning. The steelmaking staple... 


Pan African group ESG manager Barry Naicker
Pan African taking the wild out of the west as gold recovery uplifts the local community
4th October 2024 By: Martin Creamer

When the Mining Weekly team of three arrived at the initial sod-turning event of Pan African Resources’ gold-from-dumps project just over a year ago, the area west of Johannesburg looked a little... 


 Pan African CEO Cobus Loots
Pan African’s masterstroke gold operation gets going under budget, ahead of schedule
3rd October 2024 By: Martin Creamer

The biggest takeaway from the hugely profitable Mogale tailings retreatment (MTR) operation, which was commissioned west of Johannesburg by Pan African Resources on Thursday, is that one can make a... 


Newmont's Tom Palmer
Newmont’s Palmer takes reins as ICMM chair
3rd October 2024 By: Creamer Media Reporter

The International Council on Mining and Metals (ICMM) has announced Tom Palmer, president and CEO of Newmont, as its new chairperson. He succeeds Iván Arriagada, CEO of Antofagasta Minerals, and... 


Glencore’s Rowland appointed copper association chair
3rd October 2024 By: Creamer Media Reporter

Glencore’s Steven Rowland has been appointed as the chairperson of the International Copper Association (ICA). He is succeeding Teck COO Shehzad Bharmal, who served as ICA chairperson for the last... 


Eskom chairperson Dr Mteto Nyati
South Africa needs to transition to renewable energy, Eskom chair tells Joburg Indaba
2nd October 2024 By: Martin Creamer

South Africa needs to transition into renewable energy in a way that continues to protect the country’s energy availability, Eskom chairperson Dr Mteto Nyati told the Joburg Indaba on Wednesday.... 


Haul trucks at a mine in Burkina Faso
Decarbonisation key to achieving operational excellence in mining, metals – report
2nd October 2024 By: Darren Parker

Decarbonisation is key to achieving operational excellence for metals and mining companies, professional services firm KPMG’s latest ‘Metals and Mining Outlook’ has revealed. The report, published... 


Manganese Metal Company Marketing Executive Madelein Todd.
Battery manganese project begins in Mpumalanga, orders placed for long-lead items
1st October 2024 By: Martin Creamer

Manganese Metal Company (MMC) of Mbombela is on its way to becoming a Western world beater in the supply of high-purity manganese sulphate monohydrate for battery electric vehicles (BEVs). MMC’s... 


Mining industry highlights lack of capacity, capital to support energy transition as key risk in 2025
Mining industry highlights lack of capacity, capital to support energy transition as key risk in 2025
1st October 2024 By: Darren Parker

The mining and metals sector needs to accelerate growth and build additional capacity to support the energy transition. This trend, alongside the need to maintain capital discipline, has elevated... 


Goldman Sachs raises gold price forecast to $2 900/oz for early 2025
Goldman Sachs raises gold price forecast to $2 900/oz for early 2025
30th September 2024 By: Reuters

Goldman Sachs on Monday raised its gold price forecast to $2 900/oz from $2 700/oz for early 2025 citing gradually rising ETF flows with interest rate cuts in the West and China, and higher central... 


BHP chief commercial officer Rag Udd
$250bn investment needed to meet copper supply gap over next decade – BHP
30th September 2024 By: Mariaan Webb

Diversified commodities major BHP has warned that the world will need $250-billion in investment over the next decade to bridge the growing gap between copper supply and surging demand. As the... 


Vanadium Resources founder and chairperson Jurie Wessels.
Vanadium project’s China link may open way for far-reaching value addition
27th September 2024 By: Martin Creamer

The relationship that vanadium development company Vanadium Resources (VR8) is striking up with China Energy International Group could give the Steelpoortdrift project developer an answer to many... 


China stimulus, mighty gold puts silver on a streak, but not without risk
China stimulus, mighty gold puts silver on a streak, but not without risk
27th September 2024 By: Reuters

Silver prices have bubbled up to their highest in over a decade on the back of bullion's stellar bull run and China's stimulus measures, although some analysts expect the rally to fade as... 


Iron-ore extends gains to near $100/t after China pledges more stimulus
26th September 2024 By: Reuters

Prices of iron-ore futures extended gains into a third straight session on Thursday, after top consumer China's pledge for more stimulus injected further confidence just as the last wave of... 


ICMM publishes guidance on safe transportation of critical minerals
26th September 2024 By: Darren Parker

Nonprofit organisation ICMM has published updated guidance for improving accurate hazard assessment of ores and concentrates during maritime transportation and reducing hazard-related risks.  The... 


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