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Asia News

US tariffs on minerals leave out markets that China dominates

By: Bloomberg     Updated 1 hour 12 minutes ago President Joe Biden just unveiled sweeping tariffs on a range of Chinese imports, including more than two dozen industrial raw materials. But the administration is being careful to avoid the critical minerals where Beijing’s grip on global supply is greatest. The commodities that made the duties... 

Anglo-BHP battle is between two CEOs fighting over same vision

By: Bloomberg     Updated 1 hour 41 minutes ago As Anglo American sets out a survival plan that echoes the vision of its suitor BHP Group, the rival mining bosses are now locked in a battle to convince shareholders they are the man for the job. Anglo CEO Duncan Wanblad and his BHP counterpart Mike Henry took center stage on Tuesday, as the... 

Anglo CEO Duncan Wanblad and his BHP counterpart Mike Henry took centre stage on Tuesday at a mining conference in Miami.
Anglo CEO Duncan Wanblad and his BHP counterpart Mike Henry took centre stage on Tuesday at a mining conference in Miami.

All-round value unlock targeted in proposed demerging of Anglo Platinum and De Beers 

By: Martin Creamer     14th May 2024 Diversified mining major Anglo American is targeting value elevation in its planned demerging of South Africa-based Anglo American Platinum (Amplats) and the envisaged divestment or demerger of Southern Africa-dominant De Beers. In rejecting BHP’s second takeover offer, Anglo intends reshaping... 

Anglo American CE Duncan Wanblad
Anglo American CE Duncan Wanblad

Korea Zinc sees US opportunities as it targets big copper growth

By: Bloomberg     14th May 2024 The world’s largest zinc smelter is planning to significantly expand its copper output, taking advantage of growth opportunities in the US as it seeks to become a leading player in the global transition to renewable energy. Korea Zinc, which also processes nickel, is looking to increase its... 

Tin prices may see further support from supply risks, rate cuts, analysts say

By: Reuters     14th May 2024 Tin prices, which have rallied in recent months to near two-year highs, could be bolstered further by supply disruptions, ongoing geopolitical conflicts, fund inflows in the event of interest rate cuts and stabilising demand, analysts say. Benchmark three-month tin on the London Metal Exchange... 

Copper climbs to highest in two years as bulls see deficit

By: Bloomberg     14th May 2024 Copper touched its highest level since 2022 after a powerful rally fueled by forecasts of a growing global supply deficit. The commodity’s gain since the start of January is approaching 20% with prices defying typical indicators of soft demand, especially in China. That’s partly because... 

Copper climbs to highest in two years as bulls see deficit

DRC allows Zijin mine to resume operations, mines ministry letter says

By: Reuters     14th May 2024 Democratic Republic of Congo's government has lifted a suspension order on a Congolese copper and cobalt operation majority-owned by China's Zijin Mining Group, according to a letter seen by Reuters on Monday. Congo's mines ministry last month halted the activities of the COMMUS project, in which... 

Green energy presenting South Africa with massive reindustrialisation chance – Nedbank  

By: Martin Creamer     13th May 2024 Green electrons and green molecules are presenting South Africa with a massive opportunity to reindustrialise, Nedbank CIB head of infrastructure, energy and telecommunications Mike Peo told the Green Hydrogen Roundtable on Monday. “We have an opportunity for South Africa to completely... 

From left, CHIETA CEO Yersen Pillay, Higher Education and Training Department DDG Zukile Mvalo, and Nedbank CIB Head of Infrastructure, Energy and Telecommunications Mike Peo.
Green Hydrogen Roundtable covered by Mining Weekly's Martin Creamer. Video: Creamer Media's Shadwyn Dickinson.

Anglo rejects BHP's revised £34bn proposal

By: Mariaan Webb     13th May 2024 Diversified major Anglo American has rejected a revised proposal put forward by BHP, which valued the UK-headquartered miner at about £34-billion. The structure of the revised proposal, unveiled on Monday, remained unchanged from the previously rejected proposal of last month. It comprises an... 

BHP CEO Mike Henry says the group is disappointed that its second proposal has been rejected.
BHP CEO Mike Henry says the group is disappointed that its second proposal has been rejected.

China takes advantage of cheap gas and coal to rebuild stocks

By: Bloomberg     13th May 2024 China is taking advantage of lower international prices for coal and natural gas to replenish stockpiles of power fuels ahead of another long, hot summer. Gas imports through the end of April jumped 21% from the previous year, while coal purchases climbed 13%. The increase in coal in particular... 

China takes advantage of cheap gas and coal to rebuild stocks

Platinum demand outlook pretty robust, World Platinum Investment Council highlights  

By: Martin Creamer     13th May 2024 The outlook for platinum is one that's pretty robust, the World Platinum Investment Council (WPIC) has highlighted in its latest Platinum Quarterly, which shows the projection of the metal's demand as being very encouraging amid a near-record-low supply prediction. Automotive demand is at a... 

World Platinum Director of Research Edward Sterck
World Platinum Director of Research Edward Sterck interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

OceanaGold Philippines' shares decline in early trades on market debut

By: Reuters     13th May 2024 Gold miner OceanaGold Philippines' shares fell as much as 6% below their initial public offering (IPO) price in the first 15 minutes of trading on their market debut on Monday. The shares opened at 13.34 pesos ($0.2314) a touch above their IPO price of 13.33 pesos, but subsequently lost ground. 

OceanaGold Philippines' shares decline in early trades on market debut

St Barbara’s decade-long vision for Simberi

By: Mariaan Webb     10th May 2024 Australian gold miner St Barbara has crafted a roadmap for the advancement of the Simberi mine, in Papua New Guinea, outlining production scenarios aimed at elevating output to about 230 000 oz/y through to 2034. The concept study scrutinised six different cases, comprising two flowsheet options... 

St Barbara’s decade-long vision for Simberi

Fantastic advance by Proudly South African manganese battery metal first-mover 

By: Martin Creamer     10th May 2024 Proudly South African Manganese Metal Co (MMC) of Mbombela, Mpumalanga, is making a fantastic first-mover advance to enter the manganese battery metal market, which is progressing super-fast. To be established is a faster stream to market, which is not only ahead of the global game, but also... 

Manganese Metal Co chairperson Bernard Swanepoel
Manganese Metal Company interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Copper above $10 000 as supply worries counter faltering demand

By: Bloomberg     10th May 2024 Copper climbed above $10 000 a ton as predictions for tighter global supplies and rising consumption in electric vehicles and power grids countered signs of demand destruction in top user China. Prices of copper have risen 17% this year on fears of shortages, with aging mines forecast to... 

Hydrogen’s ‘irreplaceable’ role highlighted by platinum-linked venture capital provider  

By: Martin Creamer     9th May 2024 The role of hydrogen in the decarbonisation of the hardest-to-abate sectors of the global economy continues to be highlighted as “irreplaceable” by AP Ventures, the independent venture capital fund focused on investing in early-stage companies that use or enable the use of platinum group metals... 

AP Ventures Co-Founding Partner Kevin Eggers
AP Ventures Co-Founding Partner Kevin Eggers interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

India considers incentives for lithium processing, sources say

By: Reuters     9th May 2024 India is considering offering incentives to encourage private companies to set up lithium processing facilities, as New Delhi tries to develop its nascent lithium mining and boost supplies of the EV battery metal, three government sources said. It would offer incentives to companies to set up... 

China April coal imports rise on lower domestic output, summer restocks

By: Reuters     9th May 2024 China's coal imports rose in April, customs data showed on Thursday, fuelled by lower domestic production and greater buying by power generators to swell stockpiles ahead of the peak summer demand season. Shipments of coal into the world's largest consumer of the fuel were 45.25-million metric... 

China's 2024 iron-ore imports seen similar to last year's - Vale

By: Reuters     9th May 2024 Imports of iron-ore by China, the world's biggest buyer, in 2024 are expected to be around 1.17-billion to 1.18-billion metric tons, similar to last year's 1.18-billion tons, a senior official of miner Vale said on Wednesday. "In the near term, we are still seeing strong resilience in the... 

China's 2024 iron-ore imports seen similar to last year's - Vale

South Deep wind power decision drawing closer, Q2 update likely on backfill problem  

By: Martin Creamer     8th May 2024 Mining company Gold Fields expects to be in a position to decide on the establishment of a wind power project at the South Deep gold mine, west of Johannesburg, in the third quarter of this year. The project is currently undergoing scoping and feasibility and one of the key pieces of work has... 

Gold Fields CEO Mike Fraser
Gold Fields presentation covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Indonesia says nickel reserves enough for expansion, despite moratorium call

By: Reuters     8th May 2024 Indonesia's nickel reserves are sufficient for expanded processing operations, an investment ministry official said on Wednesday, amid calls from a miners' group to curb construction of new smelters to ease a global glut. Indonesia banned exports of nickel ore in 2020 to encourage domestic... 

Indonesia says it will extend copper export permits for Freeport, Amman

By: Reuters     8th May 2024 Indonesia will extend copper concentrate export permits for Freeport Indonesia and Amman Mineral Nusa Tenggara, President Joko Widodo told reporters on Wednesday, adding that details of the extensions were still being worked out. Both Freeport Indonesia and Amman are building copper smelters... 

Freeport is preparing to ship as much as 900 000 t of copper concentrate from its Grasberg mine
Freeport is preparing to ship as much as 900 000 t of copper concentrate from its Grasberg mine

South Deep gold output well down as Gold Fields implements recovery plan 

By: Martin Creamer     7th May 2024 With first-quarter gold production down 34% at South Deep gold mine, Gold Fields is focusing on setting up the well-endowed long-life Gauteng operation for longevity, quality ounces and sustainable production increases. The challenging quarter of the bulk mechanised mine near Westonaria, west of... 

Gold Fields CEO Mike Fraser
Gold Fields CEO Mike Fraser

BHP insists Anglo American's South African assets must go in any takeover, sources say

By: Reuters     7th May 2024 BHP's plan to divest the South African assets of its target Anglo American are key to the strategy behind the proposed takeover and is expected to be a part of any revised offer, investors briefed on the miner's thinking said. The "Big Australian" was rebuffed by its smaller rival on April 26... 

The Sishen iron-ore mine
The Sishen iron-ore mine

St Barbara harnesses AI to boost production at Simberi mine

By: Mariaan Webb     7th May 2024 Australian mining company St Barbara is set to increase its production at the Simberi mine over the next three years, following the successful use of artificial intelligence- (AI-) based algorithms to better classify mineralisation. Collaborating with Stratum AI has helped St Barbara to identify... 

St Barbara harnesses AI to boost production at Simberi mine

Copper 360’s underground copper mine set to open three months ahead of schedule  

By: Martin Creamer     6th May 2024 Last month copper mining company Copper 360 surprised on the upside by producing its first copper concentrate from surface material well ahead of schedule. Now, this month, it is doing the same on the underground mining front in that it will be opening its Rietberg underground copper mine three... 

Copper 360 CEO Jan Nelson.
Copper 360 CEO Jan Nelson interviewed by Mining Weekly's Martin Creamer. Video: Nicholas Boyd.

Saudi Manara Minerals' team in Pakistan for talks on Reko Diq mine stake, document shows

By: Reuters     6th May 2024 Executives from Saudi Arabian mining company Manara Minerals are in Islamabad to continue talks about buying a stake in Pakistan's Reko Diq gold and copper mine, a Pakistan government document showed on Monday. The mine, located in Pakistan's restive southwestern Balochistan province, is... 

Saudi Manara Minerals' team in Pakistan for talks on Reko Diq mine stake, document shows

Sibanye appoints Peter Hancock as nonexec director

By: Creamer Media Reporter      6th May 2024 Multinational mining and metals processing group Sibanye-Stillwater has appointed Peter Hancock as independent nonexecutive director, with effect from May 6. Hancock is a mining industry executive with more than 30 years of experience with Glencore overseeing nickel mining operations, developing... 

Growth in platinum jewellery demand continues in most key markets

By: Sabrina Jardim     6th May 2024 In its latest Platinum Jewellery Business Review (PJBR) for the fourth quarter of 2023,  marketing organisation Platinum Guild International (PGI) has reported that India’s jewellery market maintained its robust growth during the final quarter of last year, while Japan enjoyed modest gains, and... 

Gold edges higher as investors mull mixed US economic signals

By: Bloomberg     6th May 2024 Gold edged higher after mixed signals from the US, where optimism is growing the economy is on target for a soft landing as the Federal Reserve fights inflation. The precious metal fell as much as 0.4% on Monday before reversing, following its back-to-back weekly loss on Friday. Investors have... 

Platinum-based green hydrogen emerging as Winter Olympics decarbonisation pillar 

By: Martin Creamer     3rd May 2024 Green hydrogen, which is generated with the benefit of the catalysis that platinum group metals (PGMs) provide, is being increasingly highlighted as a pillar of the global decarbonisation transition that is poised to save the world from ruinous climate change. News just out is that steps are... 

Platinum metals support every step of green hydrogen’s decarbonisation of the world.
Platinum metals support every step of green hydrogen’s decarbonisation of the world.

Manook stresses importance of abated coal in energy future of many nations

By: Marleny Arnoldi     3rd May 2024 Global coal organisation FutureCoal has suggested that world leaders follow a balanced, pragmatic and responsible approach to energy policy, following an announcement by the Group of Seven (G7) forum that unabated coal will be phased out by 2035. The announcement was made at a G7 Ministerial... 

Coal on train

Canadian junior kicks off exploration programme in Bougainville

By: Creamer Media Reporter      3rd May 2024 Island Passage Development Canada Limited (IPDC) has announced the initiation of a large-scale mineral exploration programme on Bougainville island, marking the first major exploration effort since the signing of the 2001 Peace Accord between Papua New Guinea and Bougainville. The programme,... 

Glencore studying an approach for Anglo American, sources say

By: Reuters     3rd May 2024 Commodities group Glencore is studying an approach for Anglo American, two sources said, a development that could spark a bidding war for the 107-year old mining company. Glencore has not yet approached Anglo, one of the sources said. The discussions are internal and preliminary at this stage... 

Glencore studying an approach for Anglo American, sources say

Anglo bidder BHP intends maintaining long-standing JSE listing 

By: Martin Creamer     2nd May 2024 Diversified mining major BHP, which has made a rejected proposal to combine with Anglo American by way of a scheme of arrangement, confirmed on Thursday that it intended maintaining its multi-decade listing on the Johannesburg Stock Exchange (JSE). BHPalso emphasised that, under its Anglo... 

Chinese miners see opportunities as BHP’s mega bid unfolds

By: Bloomberg     2nd May 2024 China’s leading metals companies, including its state iron ore buyer, are considering their next moves following BHP Group’s blockbuster $39-billion approach for rival Anglo American, potentially the largest mining deal in over a decade. The world’s top consumer of commodities including copper... 

Chinese miners see opportunities as BHP’s mega bid unfolds

BHP woos South Africa in pursuit of $39bn Anglo takeover

By: Bloomberg     2nd May 2024 BHP Group has deployed a team of senior executives to South Africa as the world’s largest miner ramps up efforts to win over government officials, regulators and local shareholders, all of whom could yet determine the outcome of its proposed tie-up with rival Anglo American. The executives have... 

South Africa's Mineral Resources and Energy Minister Gwede Mantashe
Photo by Creamer Media's Donna Slater
South Africa's Mineral Resources and Energy Minister Gwede Mantashe

Discovery, development are mining’s only true value creation drivers, Barrick highlights  

By: Martin Creamer     2nd May 2024 Discovery and development are the only true drivers of value creation in the mining industry, Barrick president and CEO Dr Mark Bristow highlighted on Wednesday, when this standout gold and copper mining company once again declared a dividend in reporting its first quarter results that position... 

Barrick’s Mark Bristow greets Tanzania Minerals Minister Anthony Mavunde at African training academy, which is augmenting the closing Buzwagi mine’s transformation into a 3 000-job-a-year special economic zone with airport terminal.
Barrick first-quarter results covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.
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