https://staging3.creamermedia.com
R/€ = 20.3538 Change: -0.0283
R/$ = 19.1240 Change: 0.0301
Au 2340.13 $/oz Change: -51.71
Pt 935.40 $/oz Change: -8.10
 

Asia News

Kenmare secures new $200m facility

By: Tasneem Bulbulia     25th March 2024 London-listed Kenmare Resources, operator of the Moma titanium minerals mine, in northern Mozambique, has secured a funding package to refinance a maturing revolving credit facility (RCF) and a five-year term loan facility. RMB, acting as the initial mandated lead arranger (IMLA) on the deal, as... 

Major Chinese miner says US-led containment is risk to growth

By: Bloomberg     25th March 2024 Zijin Mining Group, one of China’s most acquisitive mining groups, warned that US-led efforts to tackle Beijing’s control of minerals could slow the company’s global expansion. “The development of the Chinese economy and the Chinese mining industry is becoming more difficult,” Zijin’s Chairman... 

Ferrochrome benchmark price settles higher 

By: Martin Creamer     25th March 2024 The European benchmark ferrochrome price for the second quarter of this year has been settled at $1.52/lb, 5.6% up on the first three months of 2024, Merafe Resources informed shareholders on Monday, March 25. Ferrochrome is a prime ingredient of stainless steel and most of the ferrochrome... 

The energy-efficient Lion ferrochrome smelter.
The energy-efficient Lion ferrochrome smelter.

Uranium’s 22% price plunge is bottoming out on nuclear future

By: Bloomberg     25th March 2024 Uranium may have lost some sizzle after an electrifying 10-month rally, but analysts and investors aren’t losing faith in the long-term prospects of the nuclear fuel. After a 22% decline over six weeks, industry experts and analysts say that the uranium market has likely set a new floor thanks... 

Uranium’s 22% price plunge is bottoming out on nuclear future

Pilbara and Ganfeng to study lithium conversion plant

By: Creamer Media Reporter      25th March 2024 Lithium miner Pilbara Minerals has announced a joint feasibility study with China’s Ganfeng Group to develop a downstream lithium conversion plant. The study, which will be completed in the March quarter of next year, will consider a conversion plant that could produce 32 000 lithium carbon... 

Pilbara and Ganfeng to study lithium conversion plant

Coal is preparing for a long goodbye

By: Bloomberg     25th March 2024 More than two years after climate negotiators first attempted to consign coal to history, the dirtiest fossil fuel is having a moment. Thanks to a combination of China’s energy insecurity — pushing Beijing back to trusted power sources — plus rising Indian demand, the continued fallout from the... 

Coal is preparing for a long goodbye

Expect digital unveiling, more innovation, greenness from 100-year-old mining-wired AECI  

By: Martin Creamer     22nd March 2024 Mining explosives and chemicals company AECI, which turned 100 this week, will be unveiling a digital strategy for the mining market during the course of this year. It is also looking to become greener as it keeps innovation closest to its rapidly internationalising heart. 

AECI CEO Holger Riemensperger. Picture: Hush Naidoo.
AECI CEO Holger Riemensperger interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

LBMA seeking to integrate small and artisanal miners into the legitimate gold supply chain

By: Rebecca Campbell     22nd March 2024 Independent precious metals authority LBMA has launched a major initiative to support the integration of artisanal and small-scale mining (ASM) into the legitimate global gold supply chain, through its 66 accredited refiners. The initiative takes the form of a ‘toolkit’ which addresses issues... 

Small-scale mining operations

Glencore bids Coates farewell, appoints Wallington nonexec director

By: Marleny Arnoldi     22nd March 2024 Global miner Glencore has announced the retirement of board member Peter Coates effective May 29, after a 30-year association with Glencore. He joined the Glencore board in 2011 and has served as chairperson of the health and safety committee.  

Glencore nonexecutive director John Wallington
Glencore nonexecutive director John Wallington

$10-billion Namibian green hydrogen project receives major German boost  

By: Martin Creamer     22nd March 2024 Namibia’s first gigawatt scale green hydrogen project – the $10-billion Hyphen development scheme – this week received a major boost from Germany. The boost came in the form of the German government presenting a letter of intent to Enertrag, confirming the suitability of the project to be... 

Namibia Mines and Energy Minister Tom Alweendo (left) and German Federal Minister for Economic Affairs and Climate Protection Dr Robert Habeck.
Namibia Mines and Energy Minister Tom Alweendo (left) and German Federal Minister for Economic Affairs and Climate Protection Dr Robert Habeck.

SQM supports water treatment startup with initial $1.27m investment

By: Darren Parker     22nd March 2024 UK-based engineering tech startup Salinity Solutions has secured a $1.27-million initial investment from battery-grade lithium chemicals producer Sociedad Quimica y Minera de Chile’s (SQM’s) corporate venture capital arm SQM Lithium Ventures to fund the next stage of its growth. SQM Lithium... 

water bubbles

M Resources, GEAR plan funding round after $1.65bn coal mine buy, source says

By: Reuters     22nd March 2024 Australian coal trader M Resources and Singapore's GEAR plan a funding round after their $1.65-billion purchase of South32's Illawarra metallurgical coal operations, a source familiar with the matter said. Golden Energy and Resources (GEAR), owned by the Indonesian Widjaja family, will hold 70%... 

The Illawarra coal operations

More investors push Glencore to keep coal post Teck deal 

By: Reuters     22nd March 2024 A growing group of Glencore investors are keen for it to keep mining coal instead of spinning out the soon-to-be enlarged unit, with one eye on its financial outlook and another on the environmental benefits of keeping the fuel in-house. Echoing a demand last week by activist Tribeca Investment... 

Glencore's head office

Stage set for mining explosives centenarian to capture global top-three spot  

By: Martin Creamer     20th March 2024 The stage is set for proudly South African mining explosives trailblazer, AECI, to become the third biggest in its field globally by 2030, AECI Group chairperson Dr Khotso Mokhele told an enthusiastically applauding audience at the Johannesburg Stock Exchange (JSE), where the newly strategised... 

Mining explosives pioneer AECI celebrating 100 years of business at the JSE.
AECI's 100-year celebration covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer. Picture: Hush Naidoo.

China coal industry group expects output growth to slow in 2024

By: Reuters     20th March 2024 China's coal output is expected to increase 36-million metric tons, or 0.8%, to about 4.7-billion tonnes in 2024, a Chinese coal industry group said on Wednesday, slower than last year's 2.9% growth. The projection comes on the back of record output in 2023, when the world's largest coal... 

China coal industry group expects output growth to slow in 2024

Copper 360 output set to quickly double on Nama Copper acquisition   

By: Martin Creamer     19th March 2024 Energetic Northern Cape copper mining company Copper 360 this week produced the first concentrate from the plant it has just acquired from Nama Copper, which becomes its second concentrator plant and virtually doubles the Johannesburg Stock Exchange AltX company’s production capacity. Moreover,... 

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

China cuts first 2024 tungsten mining quota 1.6% from year ago

By: Reuters     19th March 2024 China has set its first batch of 2024's mining quota for tungsten concentrate at 62 000 metric tons, the Ministry of Natural Resources said on Tuesday. That represents a fall 1.6% from 63 000 t of the first batch of such quota in 2023, which was issued last April. 

RBCT, TFR show that private-public collaboration can work very well – Menar  

By: Martin Creamer     19th March 2024 The private-sector’s Richards Bay Coal Terminal (RBCT) and the State’s Transnet Freight Rail (TFR) have shown that the private sector and State-owned entities can work together very well, Menar MD Vuslat Bayoglu has highlighted in a Zoom interview with Mining Weekly. (Also watch attached Creamer... 

Menar MD Vuslat Bayoglu.
Menar MD Vuslat Bayoglu interviewed by Mining Weekly's Martin Creamer.

Dirty gold can still slip into London market, rights groups say

By: Reuters     19th March 2024 The London Bullion Market Association (LBMA), which sets standards for the world’s most established gold market, needs to do more to exclude gold linked to human rights abuses or criminality from its supply chain, rights groups said on Monday. Refineries vetted by the LBMA still source gold from... 

Gold bars

Ferrochrome producer Merafe cites green energy solutions as 2024 opportunity  

By: Martin Creamer     18th March 2024 The Glencore-Merafe Chrome Venture is exploring renewable energy projects to mitigate power shortages and power costs, Merafe Resources CEO Zanele Matlala said on Monday, when the Johannesburg Stock Exchange-listed company elevated its dividend declarations for 2023 to a total of R1 050-million,... 

Merafe CEO Zanele Matlala and FD Ditabe Chocho.
Merafe 2023 results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Global commodity trading profits topped $100bn for second-best year ever

By: Bloomberg     18th March 2024 The commodity trading industry reaped its second-best year ever in terms of profits, banking over $100-billion and building up a mountain of cash to spend on assets and breaking into new markets. While earnings fell from 2022’s blockbuster records, profits across the sector still easily eclipsed... 

Indonesia says nickel miner Vale to build another $2bn HPAL plant

By: Reuters     18th March 2024 Nickel miner PT Vale Indonesia is exploring a potential investment in a high-pressure acid leaching plant in Sulawesi island, with an estimated cost of 30-trillion rupiah ($1.91-billion), its investment ministry said on Monday. The plant, named "SOA HPAL", will be the company's third such... 

Merafe declares cash dividend on record profit, elevated chrome

By: Martin Creamer     18th March 2024 Ferrochrome and chrome company Merafe achieved a record profit of R1 753-million despite what it describes as a challenging economic environment in the 12 months to December 31. The board of directors of the Johannesburg Stock Exchange-listed Merafe declared a final cash dividend of R550-million,... 

Merafe CEO Zanele Matlala.
Photo by Creamer Media
Merafe CEO Zanele Matlala.

Barrick tackling Pueblo Viejo ‘teething problems’

By: Mariaan Webb     15th March 2024 Gold and copper miner Barrick has experienced “teething problems” at its flagship Dominican Republic growth project, CEO Mark Bristow said on Friday, but added that the Pueblo Viejo expansion project should be back on track this quarter. The expansion and mine life extension project is designed... 

Barrick CEO Mark Bristow
Barrick CEO Mark Bristow

Major new gigafactory fuel cell thrust enlivening demand outlook for platinum 

By: Martin Creamer     15th March 2024 A major new fuel cell thrust in North America is enlivening the outlook for platinum and helping the world advance further along the road to net zero. Emphasising that the advancement of the hydrogen economy can significantly move the needle against climate change, North American green mobility... 

Platinum cathode required in PEM fuel cells to convert hydrogen to electricity. Heraeus infographic.
Platinum cathode required in PEM fuel cells to convert hydrogen to electricity. Heraeus infographic.

Iron-ore drops below $100 on China’s persistent property crisis

By: Bloomberg     15th March 2024 Iron-ore futures fell below $100/t for the first time in seven months as investors bet that China’s years-long property crisis will run through 2024, keeping a lid on steel demand. The steelmaking ingredient has shed more than 30% since early January as hopes of a meaningful revival in... 

Iron-ore drops below $100 on China’s persistent property crisis

Copper surges past $9 000 with supply threats stacking up

By: Bloomberg     15th March 2024 Copper rallied above $9 000 a ton — its highest level in 11 months — as investors react to the risk that global supply challenges will tilt the market back into deficit. The metal, seen as a bellwether of the global economy, has surged this week after smelters in China held a crisis meeting on... 

Copper surges past $9 000 with supply threats stacking up

Congo, Chinese partners sign reviewed Sicomines copper and cobalt JV agreement

By: Reuters     15th March 2024 Democratic Republic of Congo and Chinese investors on Thursday signed an agreement reached in January that revises some terms of their Sicomines copper and cobalt joint venture, Congo's Infrastructure Minister Alexis Gisaro Muvunyi said on Thursday. President Felix Tshisekedi had sought to... 

Copper cathode produced in the DRC

China to invest in Canada mining despite crackdown, envoy says

By: Bloomberg     15th March 2024 China’s ambassador says the country will continue to do business in Canada’s domestic critical minerals sector despite Prime Minister Justin Trudeau’s “unfortunate” crackdown on foreign investment. Ambassador Cong Peiwu said the Canadian government is “wrong” to prevent Chinese investors from... 

Ambassador Cong Peiwu
Ambassador Cong Peiwu

Black Cat replaces funding package for Paulsens restart

By: Mariaan Webb     15th March 2024 Gold company Black Cat Syndicated has replaced its A$60-million funding package to advance its vision of being a dominant player in three gold districts, the ASX-listed company announced on Friday. A new funding package would be used to restart the Paulsens mine, in Pilbara, and then internal... 

Black Cat replaces funding package for Paulsens restart

Economic and geopolitical uncertainty supporting strong gold demand and prices

By: Sabrina Jardim     15th March 2024 Amid economic uncertainties and rising inflation, total gold demand, including over-the-counter (OTC) demand, reached a new record of 4 899 t in 2023, thereby supporting the highest yearly average gold price of $1 940.54 /oz, according to the World Gold Council’s (WGC’s) ‘Gold Demand Trends... 

Magazine cover image

Wind generation up, solar operational soon, Exxaro reports  

By: Martin Creamer     14th March 2024 Group wind power generation last year increased by 8% and the Lephalale solar power project is on its way to being operational in the first quarter of next year, Exxaro CE Dr Nombasa Tsengwa highlighted during the company’s presentation of double-dividend 2023 results. The increased wind... 

Exxaro media briefing.
Exxaro presentation covered by Mining Weekly's Martin Creamer. Video:Darlene Creamer.

Capital achieves fourth consecutive year of strong growth

By: Creamer Media Reporter      14th March 2024 Mining services company Capital CE Peter Stokes says the company is excited for the year ahead after "another great year" in 2023, in which it achieved growth for the fourth consecutive year, despite a challenging market environment. The UK-headquartered company's services include exploration,... 

A Chrysos PhotonAssay unit
A Chrysos PhotonAssay unit

Exxaro declares R5.4bn dividends, green energy business thriving

By: Martin Creamer     14th March 2024 Diversified mining company Exxaro, with interests in the coal, energy and ferrous markets, has declared final and special dividends. The share dividend of R10.10 a share is roughly R3.4-billion and on top of that, the special dividend of R5.72 a share totals some R2-billion. 

Exxaro CE Dr Nombasa Tsengwa.
Exxaro CE Dr Nombasa Tsengwa.

New level of Transnet transparency much improved – ARM  

By: Martin Creamer     13th March 2024 Since the new leadership at State rail enterprise Transnet has began engaging with South Africa's mining industry, the level of transparency has been “much, much improved”, according to African Rainbow Minerals (ARM) Ferrous CE André Joubert. Joubert, who was speaking during a question session... 

Work under way at the Black Rock manganese operation.
African Rainbow Minerals results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Unctad develops digital solution to promote new critical mineral discoveries

By: Schalk Burger     13th March 2024 To prevent a production gap of critical and energy minerals amid burgeoning demand to keep global warming within the 1.5 °C targeted under the Paris Agreement, the United Nations Conference on Trade and Development (Unctad) has developed a solution for digitalising and sharing data to facilitate... 

Japan's Marubeni to invest in Hudbay's exploration activities

By: Reuters     13th March 2024 Canadian miner Hudbay Minerals said on Wednesday that Japanese trading house Marubeni will invest up to C$12-million across exploration activities at three of the miner's projects. Once the funding and some other obligations are met, the two firms could also form a joint venture under which... 

Japan's Marubeni to invest in Hudbay's exploration activities

Amid nickel glut, Indonesia's next President vows to keep 'downstreaming' policy

By: Reuters     13th March 2024 Indonesia's incoming president, Prabowo Subianto, has pledged to continue predecessor Joko Widodo's nickel "downstreaming" policy but faces the task of reducing oversupply while pushing to strengthen the processing industry, his advisers say. Prabowo, said by independent pollsters to have won... 

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