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Asia News

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 –... 

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

AngloGold taking steps to join gold search in South America’s Guyana 

By: Martin Creamer     19th December 2023 Gold mining company AngloGold Ashanti is taking steps to become part of a search for gold in Guyana, a country on South America’s North Atlantic coast. The New York- and Johannesburg-listed company, led by CEO Alberto Calderon, intends owing 11.7% of exploration company G2 Goldfields, which has... 

Guyana, where AngloGold intends joining gold search.
Guyana, where AngloGold intends joining gold search.

Woodside signs MoU with Japanese firms to collaborate on carbon capture studies

By: Creamer Media Reporter      19th December 2023 Australia-headquartered Woodside Energy has signed a nonbinding memorandum of understanding (MoU) with four Japanese companies to enable studies of a potential carbon capture and storage (CCS) value chain between Japan and Australia. Under the terms of the MoU, Woodside with Sumitomo Corporation,... 

An office with Woodside's logo

Power pricing predictability reached for Glencore-Merafe ferrochrome smelter

By: Martin Creamer     19th December 2023 The application of State electricity utility Eskom for a six-year negotiated pricing agreement for the Glencore-Merafe ferrochrome smelter operation in Rustenburg, in the North West Province, has been approved by South Africa’s energy regulator Nersa. This follows the ruling by the North Gauteng... 

Power pricing predictabilty reached for Rustenburg ferrochrome smelter.
Power pricing predictabilty reached for Rustenburg ferrochrome smelter.

Singapore's Atomionics taps gravity, AI in hunt for critical minerals

By: Reuters     19th December 2023 Singapore-based start-up Atomionics has rolled out its technology that uses gravity and artificial intelligence to define ore bodies to its first customer, which the company says could cut costs and speed the development of minerals projects. It has now signed contracts with three major mining... 

SQM ties up with Hancock on $1.1bn bid for Australian lithium developer Azure

By: Reuters     19th December 2023 Chile's SQM has teamed up with Australia's richest person, Gina Rinehart, to make a sweetened A$1.7-billion ($1.14-billion) bid for Australian lithium developer Azure Minerals, the three parties said on Tuesday. The A$3.70 per share offer from SQM and Rinehart's Hancock Prospecting, already the... 

Azure's Andover deposit
Azure's Andover deposit

Lithium ends dire year with cautious mood during contract season

By: Bloomberg     18th December 2023 Lithium buyers are sounding cautious on the key battery metal’s prospects for next year, even after a huge plunge in prices. Producers have recently been in talks with clients — mostly in Asia — to hash out contracts for 2024. While sales volumes rose in the previous couple of years amid the... 

Lithium ore stockpiles

Davis expects platinum price to be ignited in next few months 

By: Martin Creamer     18th December 2023 Overwhelming demand and declining South African mining supply are poised to result in a very substantial rise in the price of platinum, Dr David Davis forecasts. Davis has been associated with the South African mining industry and mining investment industry for the past 45 years in mainly... 

David Davis
David Davis

Coal’s peak is here, but demise of dirtiest fuel will be slow

By: Bloomberg     18th December 2023 Global efforts to boost clean energy and rein in carbon emissions have had a clear impact on coal: consumption of the dirtiest fossil fuel is expected to peak this year. Total consumption of coal will reach a record high of more than 8.5 billion metric tons this year, and then start a long, slow... 

Coal stockpiles

Friedland says $15 000/t copper needed to spur new mines

By: Bloomberg     17th December 2023 Copper prices need to nearly double in order to prompt mining companies to build costly mines to meet rising demand for critical materials, according to billionaire Robert Friedland. The mining magnate said that forecasts of copper prices reaching $9 000 a metric ton next year isn’t enough to... 

Ivanhoe Mines co-chairperson Robert Friedland
Photo by Bloomberg
Ivanhoe Mines co-chairperson Robert Friedland

India's Modi says new diamond bourse in Gujarat to create 150 000 jobs

By: Reuters     17th December 2023 India's Surat diamond bourse will create 150 000 new jobs and become a "one-stop shop" for artisans and businessmen, Prime Minister Narendra Modi said as he inaugurated the new bourse in Gujarat. Surat, in Gujarat state, where Modi originally hails from, cuts and polishes 90% of world's rough... 

Rough diamonds

Huge uplift for Eastern Cape on way from South Africa’s R105bn green ammonia project  

By: Martin Creamer     14th December 2023 The building of the R105-billion green ammonia project by Hive Hydrogen South Africa is poised to be a huge economic uplift for the Eastern Cape. The large project is the first phase of a multi-phase venture that will be constructed over 16 years. (Also watch attached Creamer Media video.) 

ITOCHU Africa Bloc CEO Shinya Ishizuka, third from left, with Eastern Cape people at the signing of a memorandum of co-operation with Hive Hydrogen South Africa.
Hive Hydrogen GM Colin Loubser interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

S&P Global Ratings downgrades Vedanta Resources amid bond maturity extension

By: Reuters     14th December 2023 S&P Global Ratings on Thursday downgraded the rating of Vedanta Resources, parent of Indian miner Vedanta, citing concerns about extension of maturities of some of its bonds. Vedanta Resources late Wednesday said it raised $1.25-billion from financial institutions for refinancing, including a... 

Mitsubishi, Freeport completes copper smelter expansion in Indonesia

By: Reuters     14th December 2023 Indonesian copper smelter operator PT Smelting, a joint venture between Mitsubishi Minerals Corp and PT Freeport Indonesia, inaugurated on Thursday an expansion in capacity of its smelter facility in East Java. The processing capacity was expanded to 1.3-million metric tons of copper... 

Billionaire Adani’s new copper foray to further tighten world's ore supply

By: Bloomberg     14th December 2023 The planned start of billionaire Gautam Adani’s copper plant in India next year will spur a sharp rise in imports of concentrate, further tightening the global supply of ore on which smelters rely. The Kutch Copper facility, with initial capacity of 500 000 t/y, is slated to come online in... 

China has approved a number of export permits for graphite

By: Reuters     14th December 2023 China's commerce ministry said on Thursday it has approved a number of export permits for graphite, the first since a December 1 change in regulations aimed at protecting national security. The ministry has approved "several" applications from companies that meet relevant requirements,... 

Firebird selects location for China manganese sulphate plant

By: Creamer Media Reporter      13th December 2023 Advanced manganese developer Firebird Metals has signed an agreement for industrial land with the Jinshi local government, in Hunan, for its China battery-grade manganese sulphate plant. The agreement, announced on Wednesday, covers land allocation, tax incentive structures, land rebates for the... 

Mining urged to embrace international council’s new Scope 3 emissions guidance 

By: Martin Creamer     13th December 2023 All mining and metals companies are being urged to embrace new guidance on reducing Scope 3 emissions, which was published by the International Council for Mining and Metals (ICMM) on Wednesday. The guidance is a tool to assist mining companies in their engagement with the financial sector,... 

ICMM CEO Rohitesh Dhawan.
ICMM CEO Rohitesh Dhawan.

COP28 ends with deal on transition away from fossil fuels

By: Bloomberg     13th December 2023 The COP28 climate talks in Dubai ended in a deal that saw a commitment to transition away from all fossil fuels for the first time. The president of this year’s UN-sponsored summit, the UAE’s Sultan Al Jaber, brokered an agreement that was strong enough for the US and European Union on the need... 

COP28 president Dr Sultan Al Jaber
COP28 president Dr Sultan Al Jaber

GM, Komatsu to develop hydrogen fuel cells for electric mining truck

By: Reuters     12th December 2023 General Motors and Komatsu said on Tuesday they will jointly develop a hydrogen fuel cell power module for the Japanese construction machinery maker's 930E electric drive mining truck. "Mining trucks are among the largest, most capable vehicles used in any industry, and we believe hydrogen fuel... 

A Komatsu 930E hydrogen fuel cell mining truck
A Komatsu 930E hydrogen fuel cell mining truck

Copper to be recovered from yet another on-surface copper resource in Zambia 

By: Martin Creamer     12th December 2023 A Johannesburg-listed company, in strategic partnership with a Middle Eastern conglomerate, has secured one of the largest copper waste rock assets on surface in Zambia. JSE AltX company Jubilee Metals, in partnership with International Resources Holding (IRH) of the United Arab Emirates, is to... 

Jubilee CEO Leon Coetzer at the Roan operations.
Jubilee CEO Leon Coetzer at the Roan operations.

Rio Tinto says it is optimistic about China's growth - state media

By: Reuters     12th December 2023 Global miner Rio Tinto is optimistic about China's economic growth potential and will stick to its long-term strategy there, its chairman, Dominic Barton, said after a rare meeting on Tuesday with a top Chinese official, state media said. The comments came as China's economy has struggled to... 

Rio Tinto says it is optimistic about China's growth - state media

Nickel Industries enters sales contract with Glencore

By: Creamer Media Reporter      12th December 2023 ASX-listed Nickel Industries has announced a maiden nickel matte sales contract with Glencore. The contract, starting in January and running for an initial six-month term, will see nickel matte from the company’s Hengjaya Nickel Project (HNI), in Indonesia, sold to Glencore, representing NCI’s... 

The world’s copper supply is suddenly looking scarce

By: Bloomberg     12th December 2023 A forecast surplus of copper going into 2024 has suddenly all but disappeared. The next couple of years were supposed to be a time of plenty for copper, thanks to a series of big new projects starting up around the world. The expectation across most of the industry was for a comfortable surplus... 

The world’s copper supply is suddenly looking scarce

BHP and HBIS partner on steelmaking decarbonisation

By: Creamer Media Reporter      11th December 2023 Diversified miner BHP is teaming up with Chinese steelmaker HBIS to demonstrate the use of its iron-ore in direct reduced iron (DRI) production trials. “DRI is an important element of our pathways to near-zero-emission steel production and in the decarbonisation journey of the steel industry,”... 

BHP and HBIS partner on steelmaking decarbonisation

Hive Hydrogen project will show how just energy transition is possible, says Gcabashe

By: Martin Creamer     11th December 2023 Through its green ammonia export project in the Eastern Cape, the leadership of Hive Hydrogen South Africa intends to show how a just energy transition is possible, Hive Hydrogen chairperson Thulani Gcabashe highlighted at the signing ceremony of the $5.8-billion Coega development. “We’re already... 

Hive Hydrogen South Africa chairperson Thulani Gcabashe (left) and Itochu Africa Bloc CEO Shinya Ishizuka. Use of green hydrogen to combat climate change is an objective both companies share.
Hive Hydrogen South Africa chairperson Thulani Gcabashe (left) and Itochu Africa Bloc CEO Shinya Ishizuka. Use of green hydrogen to combat climate change is an objective both companies share.

Porgera gold mine to shine again

By: Creamer Media Reporter      11th December 2023 The Porgera gold mine, in Papua New Guinea, is ready to shine again. The mine, shut down in April 2020, will resume production this month and start pouring gold again in the first quarter of 2024, dual-listed Barrick Gold confirmed on Monday. The Porgera mine “undoubtedly” has the potential to... 

Porgera gold mine to shine again

Hive Hydrogen, Itochu sign co-op memo on $5.8bn Coega green ammonia export project

By: Martin Creamer     11th December 2023 Hive Hydrogen South Africa and Itochu Corporation of Japan have signed a memorandum of co-operation to advance Hive’s Coega green ammonia export project in South Africa's Eastern Cape province. Itochu and Hive have agreed to work together on matters of viable green hydrogen and ammonia project... 

Hive Hydrogen South Africa chairperson Thulani Gcabashe and Itochu Africa Bloc CEO Shinya Ishizuka signing memorandum with Japan Ambassador Ushio Shigeru (top right) and Eastern Cape Premier’s office chief of staff Baphelele Mhlaba (top left).
Hive Hydrogen South Africa chairperson Thulani Gcabashe and Itochu Africa Bloc CEO Shinya Ishizuka signing memorandum with Japan Ambassador Ushio Shigeru (top right) and Eastern Cape Premier’s office chief of staff Baphelele Mhlaba (top left).

India, De Beers seek clarity, flexibility on G7's Russian diamond ban

By: Reuters     8th December 2023 India, home to 90% of the world's diamond cutting and polishing industry, and De Beers, the top global rough diamonds producer by value, are seeking clarity and flexibility from G7 countries in implementing a ban on imports of Russian gems. The Group of Seven countries on Wednesday announced a... 

India, De Beers seek clarity, flexibility on G7's Russian diamond ban

Geopolitical tensions, continued central bank buying likely to support gold in 2024

By: Tasneem Bulbulia     7th December 2023 Gold had a strong 2023, defying expectations amid a high interest rate environment and outperforming commodities, bonds and most stock markets, the World Gold Council (WGC) says as it outlines possible scenarios for the gold market in 2024. In its ‘2024 Outlook on Gold’ report, published on... 

Gold bars

Sibanye-Stillwater accelerates decarbonisation with two further renewables projects 

By: Martin Creamer     7th December 2023 The financial close and start of construction of two additional renewable energy projects for Sibanye-Stillwater’s South Africa operations has been announced. The first project, the Witberg wind energy project, located near Matjiesfontein in the Western Cape province with a contracted capacity of... 

Sibanye-Stillwater streaks ahead with renewables projects.
Sibanye-Stillwater streaks ahead with renewables projects.

China’s CMOC says geopolitics helped drive Australian mine sale

By: Bloomberg     7th December 2023 Chinese copper and cobalt miner CMOC Group, which sold a controlling stake in its Northparkes mine in Australia earlier this week, said a changing geopolitical situation was one of the reasons for the divestment. A media representative for the company — confirming comments made by a CMOC... 

China’s CMOC says geopolitics helped drive Australian mine sale

Kalgoorlie rare earths facility receives first feed

By: Creamer Media Reporter      7th December 2023 The first feed material from the Mt Weld mine has been introduced into the A$730-million Kalgoorlie rare earths processing facility, marking the facility’s transitioning from the commissioning phase to first production. The Kalgoorlie facility is Australia’s first value-added rare earths... 

Kalgoorlie rare earths facility receives first feed

Woodside and Mexico Pacific sign LNG supply deal

By: Creamer Media Reporter      6th December 2023 Australia’s Woodside has signed a sales and purchase agreement with Mexico Pacific to purchase 1.3-million tonnes a year, equivalent to about 18 cargoes a year, of liquefied natural gas (LNG) for 20 years. The agreement, Woodside says, is consistent with its strategic objective of building... 

Power Minerals nears offtake, funding agreement with Xiamen on Argentina project

By: Marleny Arnoldi     6th December 2023 Australia-listed Power Minerals is on the cusp of signing a binding offtake, funding and logistics agreement with Shanghai-listed Xiamen Xiangya New Energy for the Salta Lithium project, in Argentina. Power and Xiamen signed a memorandum of understanding (MoU) in July last year under which both... 

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