https://staging3.creamermedia.com
R/€ = 19.9006 Change: 0.0358
R/$ = 18.4225 Change: 0.0458
Au 2313.58 $/oz Change: -11.41
Pt 953.42 $/oz Change: -10.78
 

Asia News

South Korea, Kazakhstan sign minerals deals as Seoul moves to diversify supply chain

By: Reuters     Updated 3 hours ago South Korea has struck deals with Kazakhstan to allow its firms to explore for critical minerals in the Central Asian state, it said on Wednesday, as the home to major chip producers and leading carmaker Hyundai moves to diversify its supply chains. South Korean President Yoon Suk Yeol is on a... 

Reserve Bank concern about decline of public markets welcome development – Miller  

By: Martin Creamer     12th June 2024 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 Paul Miller. Everything the Johannesburg Stock Exchange (JSE) has done, even when it has been... 

AmaranthCX director Paul Miller.
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Four central banks sign London Principles to formalise artisanal small-scale gold mining sector

By: Darren Parker     12th June 2024 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 bank artisanal and small-scale gold mining (ASGM) domestic purchase programmes (DPP). The inaugural... 

Artisanal gold miners
Artisanal gold miners

Glencore to back Indonesia nickel miner Ceria Nugraha before IPO

By: Bloomberg     12th June 2024 Indonesian nickel miner PT Ceria Nugraha Indotama is set to get backing from Glencore Plc to build a battery metal plant ahead of an initial public offering planned for next year. Glencore is in talks to take a 10% stake in the company through a pre-IPO fund-raise, and will assist in financing... 

Glencore to back Indonesia nickel miner Ceria Nugraha before IPO

Freeport-McMoRan is looking for ways to expand copper production, CEO says

By: Bloomberg     12th June 2024 US copper giant Freeport-McMoRan believes it can unlock the equivalent of a large new mine by applying new processing technology at its existing assets, according to new CEO Kathleen Quirk. Quirk, who steps into the role on Tuesday to become the only female CEO of a major listed mining company,... 

Freeport-McMoRan is looking for ways to expand copper production, CEO says

Artificial intelligence used to eliminate need for rare earths in permanent magnets 

By: Martin Creamer     11th June 2024 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. An example of this is AI being used to create a permanent magnet that does not contain any rare earth... 

Development of rare earth-free permanent magnets.
Materials Nexus CTO Robert Forrest interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

South Africa’s quickly advancing Copper 360 is guiding sharp 2025 revenue rise  

By: Martin Creamer     11th June 2024 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 risen sharply by the end of February next year. The AltX-listed company headed by CEO Jan Nelson, is... 

Copper 360 CEO Jan Nelson.
Copper 360 annual results presentation covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Indonesia considers terminating permits for some nickel pig iron production

By: Reuters     11th June 2024 The Indonesian government is conducting a comprehensive evaluation regarding the termination of permits for the RKEF smelters which make products in the form of ferronickel and nickel pig iron, a mining ministry official said on Tuesday. The world's biggest nickel producer is experiencing a... 

Civil society coalition emphasises need for accountability, transparency, equity to achieve a ‘fair’ just transition

By: Schalk Burger     10th June 2024 A coalition of civil society organisations from Indonesia, Senegal, South Africa and Vietnam on June 10 launched their ‘Principles for a Fair Just Energy Transition Partnership (JETP)’, which emphasises the integral need for accountability, transparency and equity in climate finance.... 

A coal-fired power station

TotalEnergies, Air Products hydrogen deal uplifts platinum demand outlook still further 

By: Martin Creamer     10th June 2024 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 which cites sustainability as being at the heart of its strategy, is setting out to reduce the net... 

TotalEnergies, Air Products hydrogen deal uplifts platinum demand outlook still further

Agriculture, mining remain growth areas for Omnia, despite difficult operating environment

By: Marleny Arnoldi     10th June 2024 JSE-listed chemicals group Omnia has reported a 10% decrease in operating profit to R1.7-billion for the financial year ended March 31, saying this reflected volatile market conditions and global economic strain. Net profit, however, increased by 1% to R1.16-billion, while earnings a share... 

Omnia CEO Seelan Gobalsamy
Omnia CEO Seelan Gobalsamy

Blencowe signs first offtake MoU for Orom-Cross graphite

By: Creamer Media Reporter      10th June 2024 London-listed Blencowe Resources has signed its first nonbinding memorandum of understanding (MoU) for natural large flake concentrate offtake from the Orom-Cross graphite project, in Uganda. Under the terms of the MoU, vertically integrated graphite producer Jilin New Technology Graphite intends... 

Barrick and Zijin contribute $1m to PNG landslide relief efforts

By: Creamer Media Reporter      10th June 2024 Mining companies Barrick Gold and Zijin Mining – joint venture partners in the Porgera mine – have jointly contributed $1-million to help communities in Papua New Guinea’s Enga province in the wake of a landslide in Mulitaka that has claimed an estimated 600 lives. A team of senior Barrick... 

New Porgera Limited and Barrick Niugini Limited country manager Karo Lelai (left) hands over the second donation of relief supplies from the Porgera mine to Dorothy Kukum, director of community development with the Enga provincial government, on June 3.
New Porgera Limited and Barrick Niugini Limited country manager Karo Lelai (left) hands over the second donation of relief supplies from the Porgera mine to Dorothy Kukum, director of community development with the Enga provincial government, on June 3.

Major world economies seek to halt new private sector coal financing

By: Reuters     7th June 2024 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 matter told Reuters. If approved, the draft proposal by the Organisation for Economic Co-operation... 

Major world economies seek to halt new private sector coal financing

China's May coal imports rise 11% on lower domestic output

By: Reuters     7th June 2024 China's imports of coal rose 11% in May from a year earlier, customs data and Reuters records showed on Friday, as lower domestic output this year led to increased shipments of international coal. Coal imports by the world's biggest consumer of the fuel were 43.82-million metric tons in May, the... 

Indonesia to grant coal mine asset to Islamic group Nahdlatul Ulama

By: Reuters     7th June 2024 Indonesia is set to award a coal mining concession to the country's largest Islamic group, Nahdlatul Ulama (NU), next week to provide it with a source of income, a Cabinet minister said on Friday. The government issued a regulation last week allowing religious organisations to manage mining... 

World Hydrogen alerted to benefit of South Africa’s zero-emission hydrogen haul truck 

By: Martin Creamer     7th June 2024 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 Hydrogen Australia webinar, where he spoke of the need for the hydrogen haul trucks to be conceived as... 

South Africa pioneered hydrogen haul truck.
South Africa pioneered hydrogen haul truck.

Kingsgate marks first gold pour at refurbished Chatree plant

By: Mariaan Webb     7th June 2024 Gold miner Kingsgate Consolidated has announced its first gold pour at the newly refurbished Plant #1 at the Chatree mine, in Thailand. The company reported on Friday that the first four doré bars were successfully poured, with both the elution circuit and the refurbished gold room operating... 

Gold bars poured at the Chatree mine
Gold bars poured at the Chatree mine

Global gold ETFs saw first inflows in a year in May, says WGC

By: Reuters     6th June 2024 Global physically backed gold exchange traded funds (ETFs) attracted their first inflows in May after a year, powered by additions to holdings by Europe- and Asia-listed funds, the World Gold Council (WGC) said on Thursday. Safe-haven demand driven by geopolitical and economic uncertainty, as... 

Chinese rare earths investor fails to win seat on Australia's Northern Minerals board

By: Reuters     6th June 2024 A Chinese mining investor has failed in a bid to join Australian rare earths mining company Northern Minerals' board on Thursday, days after Australia's Treasurer ordered the investor's private company to sell some of its shares. Treasurer Jim Chalmers earlier this week ordered several... 

Chinese rare earths investor fails to win seat on Australia's Northern Minerals board

Richards Bay Minerals signs agreement for additional 140 MW of renewable energy   

By: Martin Creamer     6th June 2024 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 materials used in a wide range of everyday products, from paints to smartphones. In 2022, the Rio Tinto... 

From left Werner Duvenhage, James Cumming and Michael Wickins.
Richards Bay Minerals latest renewable energy announcement covered by Mining Weekly’s Martin Creamer. Video: Creamer Media’s Nicholas Boyd.

European countries urged to continue investing in mining

By: Chanel de Bruyn     6th June 2024 Europe is at risk of losing important sources of raw materials, because it is phasing out mining rather than investing in more mines, Federation of German Industries executive board member Wolfgang Niedermark told delegates at the MiningForum, in Berlin, Germany, on June 6. He stated that there... 

Federation of German Industries executive board member Wolfgang Niedermark
Federation of German Industries executive board member Wolfgang Niedermark

Copper’s spike isn’t justified by fundamentals, Trafigura says

By: Bloomberg     6th June 2024 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. “Prices of non-ferrous metals have moved much higher than fundamentals in the physical spot market might... 

Copper’s spike isn’t justified by fundamentals, Trafigura says

Investment in clean energy to reach $2tr this year, outpacing investment in fossil fuels

By: Bloomberg     6th June 2024 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 record $3-trillion invested in energy sources in 2024 will be devoted to sectors such as renewables,... 

A wind turbine and a fossil fuel-powered plant

ICMM suggests tax reforms to drive greater investment to meet metals, minerals demand

By: Marleny Arnoldi     5th June 2024 Mining organisation ICMM says its members paid corporate income tax (CIT) and royalties of $54.2-billion last year, employed 561 800 people and paid $39-billion in wages. About $187-billion was paid to suppliers, while community and social investments totalled $1.4-billion.  

Tucano mine, in Brazil

Platinum group metal poised to help protect world from growing water pollution threat  

By: Martin Creamer     5th June 2024 Platinum group metal (PGM) is once again coming to the fore as a mineral resource that goes the extra mile in protecting a threatened global environment. The latest indispensable commodity that is poised to be shielded by PGM, which has been safeguarding the air of cities from vehicle exhaust... 

PGM-linked hydrogen peroxide generator.
PGM-using MatiTech MD Mike Bowley interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Traders are desperate for copper deals and miners are cashing in

By: Bloomberg     5th June 2024 A heated competition for copper among some of the biggest commodity traders is creating opportunities for miners to negotiate favorable terms ranging from huge upfront payments to extra-long contracts. Recent moves by cash-flush energy traders including Mercuria Energy Group to expand in metals... 

China’s unusually large copper stockpiles fuel demand concerns

By: Bloomberg     5th June 2024 China’s copper inventories are growing at exactly the time of year when they should be shrinking fast — an anomaly that underscores concerns about demand in the world’s biggest market. Stockpiles of the metal held in Shanghai Futures Exchange warehouses ended last week well above 300 000 t.... 

South Korea, African countries sign agreements on minerals, exports

By: Reuters     5th June 2024 Nearly 50 deals and agreements have been signed during South Korea's first summit with leaders from 48 African countries to cooperate in areas such as mining, energy and manufacturing, South Korea's industry ministry said on Wednesday. Hyosung Corp, a South Korean conglomerate, signed a contract... 

Gold purchases by central banks were strong in April despite high prices, WGC says

By: Reuters     5th June 2024 Net purchases of gold by global central banks rose to 33 metric tons in April from a revised net buying of 3 tons in March, the World Gold Council (WGC) said, signalling continuing strong appetite from the sector despite high prices for the metal. Safe-haven demand, driven by geopolitical and... 

Gold bars

Copper falls through $10 000 as exchange inventories keep rising

By: Bloomberg     4th June 2024 Copper fell below $10 000/t as a sharp rise in global inventories prompts traders to zero in on weak conditions in the spot market. Stockpiles on the Shanghai Futures Exchange have climbed to the highest since 2020, and there have also been a steady stream of smaller inflows into Asian depots... 

Copper falls through $10 000 as exchange inventories keep rising

Australian rare earths miner hit by cybersecurity breach

By: Bloomberg     4th June 2024 Australian rare earths firm Northern Minerals said some of its data had been released onto the “dark web” months after the firm detected a breach of its cybersecurity protections. “The exfiltrated data included corporate, operational and financial information and some details relating to current... 

Australian rare earths miner hit by cybersecurity breach

Indonesia imposes 7.5% export tax on copper concentrate shipments

By: Reuters     4th June 2024 Indonesia will impose a 7.5% export tax on shipments of copper concentrate, effective immediately, a finance ministry regulation showed on Tuesday, applicable to the two mining firms currently exempt from its ban on raw copper exports. Indonesia has outlawed shipments of raw copper since June... 

Diamond transparency from mine to finger is on way from Petra   

By: Martin Creamer     4th June 2024 Traceability is becoming an increasingly important part of the natural diamond industry, specifically in terms of being able to verify provenance or origin. G7 sanctions being applied also make traceability technology more important. 

Petra Diamonds CEO Richard Duffy
Petra Diamonds CEO Richard Duffy interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Volvo to issue world's first EV battery passport ahead of EU rules

By: Reuters     4th June 2024 Volvo Cars is launching the world's first EV battery passport recording the origins of raw materials, components, recycled content and carbon footprint for its flagship EX90 SUV, which is about to start production, the Swedish automaker told Reuters. The passport was developed by Volvo, which is... 

The Volvo logo on a vehicle

De Beers ditches man-made diamonds as it looks beyond Anglo

By: Bloomberg     3rd June 2024 De Beers will ditch a controversial experiment to sell lab grown diamond jewellery, ending a six-year program that broke one of its oldest taboos. While the company long held the technology to make synthetic gems, it always refused to sell them as jewellery, fearing they would undercut the allure... 

De Beers CEO Al Cook
De Beers CEO Al Cook

CNGR receives Chinese approvals to buy Lithium Energy’s Solaroz project

By: Creamer Media Reporter      3rd June 2024 CCNET, a subsidiary of China-listed CNGR Advanced Material Co, has received Chinese regulatory approvals to acquire Australian junior Lithium Energy’s 90% interest in the Solaroz lithium brine project in Argentina. CCNET will buy the project for $63-million in cash. 

South Africa’s ARM completes strategic investment in Canada’s Surge Copper 

By: Martin Creamer     3rd June 2024 South Africa’s diversified mining company African Rainbow Minerals has secured its 15% strategic shareholding in Surge Copper, a Toronto Stock Exchange-Venture Exchange company that is advancing an emerging critical metals district in British Columbia, Canada. Johannesburg Stock Exchange-listed... 

African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe
African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe
1
2 3 4 5 6 7 8 9

Latest News

more

Latest Videos

more

Latest News: Americas

more

Latest News: Africa and Europe

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now
Free daily email newsletter Register Now