R/€ = 20.3637 Change: -0.0184
R/$ = 19.1342 Change: 0.0403
Au 2347.97 $/oz Change: -43.87
Pt 934.00 $/oz Change: -9.50

Asia News

China, in comic strip, warns of 'overseas' threats to its rare earths

By: Reuters     22nd January 2024 hina's chief intelligence agency posted on social media a comic strip featuring foreign-looking characters secretly extracting rare earths, in a story portraying the country's strategic metals under threat from covetous "overseas organisations". The comic strip, published on Sunday on the State... 

Nickel price crash seen strengthening Indonesia's grip on supply

By: Bloomberg     22nd January 2024 A prolonged slump in nickel prices is stress-testing producers worldwide, raising the prospect of sweeping mine closures that will deepen Indonesia’s dominance of global supply. The metal used in stainless steel and electric-vehicle batteries is down more than 40% from a year ago amid a growing... 

Nickel price crash seen strengthening Indonesia's grip on supply

Strong showing by South Africa’s Hillside helps to lift South32 to record aluminium output 

By: Martin Creamer     22nd January 2024 Ongoing strong performance by South Africa’s Hillside Aluminium operation in KwaZulu-Natal has helped diversified mining company South32 achieve record half-year aluminium production. Moreover, South Africa Manganese sales increased by 9% in the December quarter at a 5% price premium to the... 

South32 CEO Graham Kerr
South32 CEO Graham Kerr

New platinum group metals recycling facility opens in China 

By: Martin Creamer     19th January 2024 A new platinum group metals (PGM) recycling facility has opened in China, where the autocatalyst recycling market is expected to grow at the rate of 18% a year. Recycled PGMs are calculated to offer carbon dioxide (CO2) emission reduction of up to 98% when compared with mined PGMs. 

The new BASF HERAEUS Metal Resource recycling facility in China.
The new BASF HERAEUS Metal Resource recycling facility in China.

Adani says green hydrogen can repeat solar's path to low costs

By: Bloomberg     19th January 2024 Billionaire ports-to-coal tycoon Gautam Adani has called for a renewed global focus on lowering green hydrogen prices to spur the clean fuel’s adoption in emissions intensive industries. Lowering costs from $3 to $5 per kilogram to $1 per kilogram would make the energy source a viable tool for... 

Gautam Adani
Gautam Adani

Cadastre imminent, 2024 to be used as year to clear backlogs, says Minerals Minister 

By: Martin Creamer     18th January 2024 The introduction of an electronic cadastral system to record and enable online access to mining data is imminent, Mineral Resources and Energy Minister Gwede Mantashe emphasised in an interview with Radio 702 host Clement Manyathela on Thursday. Mantashe disclosed to Manyathela that agreement had... 

Gwede Mantashe
Photo by Creamer Media Chief Photographer Donna Slater
Gwede Mantashe

China cobalt buyers use global glut to challenge pricing

By: Bloomberg     18th January 2024 China’s battery industry has seized on a glut in the global cobalt market to push through a change in the way the commodity is priced. A rapid expansion of cobalt mining in Democratic Republic of Congo and Indonesia has output racing ahead of demand, dragging down global prices. It’s also... 

China cobalt buyers use global glut to challenge pricing

Global mining commits to nature-positive future 

By: Martin Creamer     18th January 2024 Global mining and metals companies have committed at Davos to take urgent action to support a nature-positive future by 2030 that promotes the health, diversity and resilience of species, ecosystems and natural processes. International Council of Metals and Minerals (ICMM) members have pledged... 

ICMM CEO Rohitesh Dhawan
ICMM CEO Rohitesh Dhawan

BMI predicts more stable metal prices, critical mineral deals in 2024 

By: Marleny Arnoldi     17th January 2024 Research agency BMI on January 17 unpacked the key themes for metals and mining for the year, highlighting that the sector is making a modest recovery amid global deceleration. BMI commodities analysis head Sarbin Chowdhury says the agency has an overall positive view on metal price forecasts,... 

Mined cobalt
BMI unpacks its expectations for the global metals market in 2024

South Africa-linked mining luminaries advising on metals industry greening 

By: Martin Creamer     17th January 2024 South Africa-linked mining luminaries are playing roles in an initiative to transform the metals industry with clean technology. Being targeted for metals is the elimination of energy-intensive smelters, toxic chemicals and strong acids. 

Ian Cockerill, Mark Cutifani and Tony O'Neill
Photo by Creamer Media
Ian Cockerill, Mark Cutifani and Tony O'Neill

Engineering study demonstrates viability of Saudi green pig iron project – Magnum

By: Chanel de Bruyn     17th January 2024 ASX-listed Magnum Mining & Exploration has successfully completed an engineering study into the technical and economic viability of establishing a green, high-purity pig iron (GHPPI) project, in Saudi Arabia. The proposed project will make use of HIsmelt technology to produce GHPPI, with the feed... 

Plates of biochar and green pig iron

Indonesia approves Freeport Indonesia's mining quota for 2024-2026

By: Reuters     16th January 2024 Indonesia has approved a mining quota for copper miner Freeport Indonesia totalling 219.8-million metric tons of copper ore for the next three years, a mining ministry official said on Tuesday. Indonesia last year changed mining production plans from annual to valid for three years in an effort... 

Smart wristwatches to uplift mineworker well-being at Copper 360  

By: Martin Creamer     16th January 2024 Computer programmes that use artificial intelligence (AI) to model orebodies and plan mines optimally have already been introduced by Copper 360, says the JSE AltX-listed Northern Cape copper mining company, which is developing the Rietberg copper mine, the first of a dozen copper mining assets... 

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

Rio Tinto sees gradual recovery in China’s economy in 2024

By: Mariaan Webb     16th January 2024 Diversified mining major Rio Tinto expects stimulus measures implemented by China to catalyse a slow but steady recovery of the world’s second-biggest economy in 2024, providing reinforcement to commodity prices. Increased Chinese policy measures, reduced global recession anxieties and a general... 

CEO Jakob Stausholm
CEO Jakob Stausholm

Pilbara expands Ganfeng offtake agreement

By: Creamer Media Reporter      15th January 2024 Australian lithium producer Pilbara Minerals has expanded its existing offtake agreement with Ganfeng Lithium, which materially increases short- and medium-term supply of spodumene concentrate to one of the world’s leading lithium chemical converters. Under an existing agreement with Ganfeng... 

Pilbara expands Ganfeng offtake agreement

Supply-demand trend favours platinum over palladium – Deutsche Bank Research 

By: Martin Creamer     15th January 2024 The convergence in platinum and palladium prices is likely to go further. Fundamentals point more positively for platinum into 2025 on a better autocatalyst demand trend. 

Platinum bar.
Platinum bar.

China’s drive for record coal spurs yet another deadly accident 

By: Bloomberg     15th January 2024 The human toll of ever-increasing coal production in China is once again to the fore after thirteen were killed in a mine accident just days after the government said it will start a three-year campaign to ensure safety. Three people are still missing after a gas outburst at a mine run by a unit... 

China’s drive for record coal spurs yet another deadly accident

Indonesia targets 710Mt coal output in 2024 after record 2023

By: Reuters     15th January 2024 Indonesia, a major thermal coal exporter, aims to produce 710-million metric tons of coal in 2024, the Mining Minister said on Monday, after posting record output last year. Indonesia's coal output in 2023 was 775-million tons, up from 687-million tons a year earlier and came in above the... 

ERG guns for cobalt refinery development in Saudi Arabia

By: Darren Parker     12th January 2024 Diversified mining company Eurasian Resources Group (ERG) is pursuing the development of a refinery to process cobalt hydroxide into cobalt sulphates, the primary form of supply for cobalt-bearing electric vehicle (EV) batteries. The move to vertically integrate the company’s cobalt business is... 

ERG CEO Benedikt Sobotka
ERG CEO Benedikt Sobotka

Copper up from lowest in nearly a month on China stimulus hopes

By: Bloomberg     12th January 2024 Copper rose from its lowest close since mid-December, as inflation data from China bolstered calls for stronger stimulus measures from Beijing. China’s consumer prices posted their longest streak of declines in more than a decade. While that underscores weak growth at home, it also boosts the... 

JSE presents opportunity for critical mineral miners to access capital  

By: Martin Creamer     12th January 2024 Critical mineral demand is growing significantly at a time when South Africa has a pressing need to reawaken its public markets – two crucial needs that can be fulfilled in one go by companies raising capital on the Johannesburg Stock Exchange (JSE) to fund their entry into the critical minerals... 

JSE business development manager Patrycja Kula-Verster
JSE Business Development Manager Patrycja Kula-Verster interviewed by Engineering News & Mining Weekly.

China’s Zijin plans stake in Canadian miner, testing security rules

By: Bloomberg     12th January 2024 Chinese mining firm Zijin Mining Group will acquire a 15% stake in Solaris Resources for about C$130-million, the Canadian miner said on Thursday. Zijin Mining Group plans to take a 15% stake in Canadian copper company Solaris Resources Inc., testing Canada’s national security rules following a... 

China’s Zijin plans stake in Canadian miner, testing security rules

China's 2023 iron-ore imports hit a record high on rising demand

By: Reuters     12th January 2024 China's iron-ore imports in 2023 hit a record high, up 6.6% from a year before, customs data showed on Friday, thanks to stronger demand amid a lack of government-mandated steel output caps and higher-than-expected steel exports. The world's largest iron ore consumer brought in a total of about... 

China's 2023 iron-ore imports hit a record high on rising demand

China's imports of Mongolian coal set to rise as transport improves

By: Reuters     12th January 2024 China's imports of Mongolian coking coal may rise to a record in 2024, after more than doubling in 2023, on improving transport links and its lower price versus domestic and international supplies, traders and miners said. China is the world's biggest steel producer and coal importer and a shift... 

China's rare earth exports rise on demand from EV, high-tech sectors

By: Reuters     12th January 2024 China's exports of rare earths in 2023 rose 7.3% from the prior year, customs data showed on Friday, boosted by competitive prices and growing overseas demand from electric vehicle makers and other high-tech sectors. The world's largest producer of rare earths shipped 52 307 metric tons of the... 

BMI lowers outlook for nickel price

By: Marleny Arnoldi     11th January 2024 Research firm BMI has revised downward its nickel price forecast for this year to $20 000/t from $20 600/t as the market remains in a supply glut. Simultaneously, weak Mainland Chinese demand and a limited growth outlook across major markets will place a cap on prices.  

Hydrogen economy poised as key growth booster for platinum group metals – Heraeus  

By: Martin Creamer     11th January 2024 The hydrogen economy is an important new growth area for platinum group metals (PGMs) and, in turn, PGMs are pivotal for hydrogen production and application across a broad front. Accentuating this in a Zoom interview with Mining Weekly, Heraeus Precious Metals new business development executive... 

Heraeus Precious Metals EVP Dr Philipp Walter
Heraeus Precious Metals New Business Development EVP Dr Philipp Walter interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Major new global hydrogen thrust brightens spotlight on platinum group metals

By: Martin Creamer     10th January 2024 A major new initiative by long-standing South Africa associate Heraeus Precious Metals this week drew renewed and intensified attention to the widespread role of platinum group metals (PGMs) in the burgeoning hydrogen economy. Hot on the heels of last month’s far-reaching iridium-thrifting... 

Supported are production, transport, storage, industrial application, fuel cell energising and recycling.
Supported are production, transport, storage, industrial application, fuel cell energising and recycling.

India’s plans to double coal production, ignore climate threat

By: Bloomberg     10th January 2024 As climate diplomats at COP28 in Dubai debated an agreement to transition away from fossil fuels last December, India was facing another energy conundrum: It needed to build more power capacity, fast. “To meet growing demand,” the Indian government said on December 11 it expects to roughly... 

India’s plans to double coal production, ignore climate threat

Sibanye-Stillwater announces forceful C-suite sustainability appointment

By: Martin Creamer     9th January 2024 Johannesburg- and New York-listed mining company Sibanye-Stillwater has appointed Melanie Naidoo-Vermaak as chief sustainability officer, effective January 1. “Sustainability/ESG is a strategic imperative,” Sibanye-Stillwater CEO Neal Froneman highlighted in announcing Naidoo-Vermaak’s... 

Melanie Naidoo-Vermaak
Melanie Naidoo-Vermaak

Palladium falls as concern EVs will destroy demand returns to the fore

By: Reuters     7th January 2024 Palladium prices fell by 3% on Thursday as concern the take-up of electric vehicles will destroy long-term demand unravelled some of the December gains that followed Britain's expansion of sanctions on other Russian metal trade. Commodity analysts said technical factors also played a part as... 

A palladium bar

Chinese miner takes Glencore's cobalt crown as output jumps 170%

By: Bloomberg     4th January 2024 China’s CMOC Group boosted its cobalt output by more than 170% last year, with surging production at a new mine in the Democratic Republic of Congo helping the company leapfrog Glencore as the world’s top producer of the key battery metal. Hong Kong-listed CMOC produced 55 526 t of cobalt in... 

China restores coal tariffs in threat to Russian exporters

By: Bloomberg     3rd January 2024 China has restored import levies on coal from the beginning of the year, a move that could threaten Russian exporters dependent on the world’s largest market for the fuel. The tariffs were removed in May 2022 to guard against supply risks after Moscow’s invasion of Ukraine roiled global energy... 

Coal financing is still booming – led by China

By: Bloomberg     20th December 2023 The amount of bank financing going to mining coal, the dirtiest fossil fuel of them all, remains at surprisingly high levels. Most of it is coming from China. A new report from researchers at BloombergNEF shows that all funding for coal projects and coal-exposed companies needs to drop... 

Trucks operating in a coal mine

IDC-funded Canada-Botswana battery manganese demo plant to be built in Joburg  

By: Martin Creamer     20th December 2023 Giyani Metals is a company listed on the TSX Venture Exchange in Toronto, Canada. Through its wholly-owned Botswana subsidiary Menzi Battery Metals, Giyani is the owner of the past producing K.Hill manganese mining project in Botswana. Giyani is now intent on producing battery manganese –... 

Giyani Metals CEO Danny Keating.
Giyani CEO Danny Keating interviewed by Mining Weekly's Martin Creamer.

Australia wants to compete with China on critical minerals, minister King says

By: Bloomberg     20th December 2023 Australia wants to compete with China in producing and refining resources vital to the next phase of high-tech manufacturing around the world, according to Minister Madeleine King, backing the country’s bid to build its critical minerals capability. When asked about the possibility of greater... 

Mined lithium ore

India urges G7 to delay ban on Russian diamonds as rules lack clarity – sources

By: Reuters     20th December 2023 India has urged the Group of Seven (G7) countries to delay an incoming ban on Russian diamonds because the rules to trace the origins of gems remain unclear, two sources aware of the matter said. India, home to 90% of the world's diamond cutting and polishing industry, is critical to the... 

A diamond mine in Russia

De Beers' sales increase to $130m in final 2023 cycle

By: Creamer Media Reporter      20th December 2023 Diamond miner De Beers' final sales cycle of this year has generated $130-million, an improvement on the $86-million in sales recorded in the ninth sales cycle of this year. Sales were, however, still well below the $417-million in sales recorded in the tenth and final sales cycle of 2022. 

De Beers CEO Al Cook
Photo by Creamer Media's Donna Slater
De Beers CEO Al Cook
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