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Iridium News

Fiscal discipline in Budget, but 5% infrastructure expenditure increase ‘barely positive’ – Minerals Council

By: Schalk Burger     22nd February 2024 Finance Minister Enoch Godongwana maintained focus on fiscal discipline and balancing the need to address socioeconomic challenges facing the country, industry organisation Minerals Council South Africa said in response to the Minister’s Budget Speech on February 21. South Africa, however, needs... 

Sibanye incurs $2.58bn in impairments on lower metals prices

By: Tasneem Bulbulia     21st February 2024 Multinational mining and metals processing group Sibanye-Stillwater has incurred impairments of $2.58-billion, or about R47.45-billion, for the 2023 financial year, on the back of the deterioration in metals prices and certain operational factors. In a trading update ahead of the March 5... 

Sibanye CEO Neal Froneman
Sibanye CEO Neal Froneman

Forge Academy launches new 4IR training centre in partnership with Sibanye-Stillwater

By: Schalk Burger     19th February 2024 Technology training company Forge Academy has launched a new Fourth Industrial Revolution (4IR) training centre and two courses in partnership with mining company Sibanye-Stillwater. The first two 12-month certification courses will be in Amazon Web Services with Business Analysis, and Community... 

Northam’s interim earnings impacted by commodity price decrease

By: Sabrina Jardim     19th February 2024 With the decrease in commodity prices, earnings across the platinum group metals (PGMs) sector are under pressure. This will, consequently, constrain cash generation across the sector, resulting in prudent management of liquidity becoming even more important, JSE-listed Northam said in a trading... 

Now palladium comes under the Heraeus-Sibanye spotlight to boost hydrogen economy 

By: Martin Creamer     15th February 2024 Germany’s Heraeus Precious Metals and South Africa’s Sibanye-Stillwater are partnering to explore new applications for platinum-group metals (PGMs) in the hydrogen economy, with a specific focus on how applications can profit from the unique traits of palladium, one of the six PGM elements.... 

Palladium bars.
Palladium bars.

Hydrogen cars come into sharp new focus as global climate politics takes turn for better 

By: Martin Creamer     14th February 2024 For the first time, luxury vehicle manufacturer BMW has a fleet of hydrogen-fuelled cars on South Africa’s roads, supported by a green hydrogen refuelling infrastructure set up at its Midrand campus in Johannesburg. The outcome of BMW, Anglo American Platinum (Amplats) and Sasol finding common... 

The BMW iX5 Hydrogen passenger car being refuelled with green hydrogen.
BMW, Anglo American Platinum, Sasol talk to Mining Weekly’s Martin Creamer on the new BMW iX5 Hydrogen taking to South Africa’s streets. Video: Darlene Creamer.

Bambili close to finishing feasibility study on hydrogen fuel cell power system for Anglo’s head office

By: Darren Parker     13th February 2024 Diversified mining major Anglo American has selected hydrogen energy solutions company Bambili Energy to deploy a 2 MW hydrogen fuel cell power system lighthouse project to provide electricity at its headquarters in Rosebank, Johannesburg, South Africa. Bambili Energy CEO Zanele Mavuso Mbatha... 

Anglo American's new head office in Oxford Road

Power aggregators seen as key accelerators of South African mining’s energy transition  

By: Martin Creamer     13th February 2024 Many energy projects selling to one buyer, who in turn sells to many mines – this procurement model is seen as a key financial tool to accelerate the energy transition of South Africa’s mining industry. “We think the aggregator model can really accelerate the requirements of the mines to get... 

Nedbank CIB) Energy Finance Co-Head Amith Singh.
Nedbank CIB Energy Finance Co-Head Amith Singh interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Permanent aerial mesh support, exoskeletons under scrutiny to make mining safer 

By: Martin Creamer     9th February 2024 Minerals Council South Africa is looking at the possibility of promoting permanent aerial mesh support throughout the mining industry as part of its fall-of-ground action plan. The Minerals Council has a robust fall-of-ground action plan that targets several dimensions of the biggest contributor... 

Minerals Council CEO Mzila Mthenjane flanked by Japie Fullard (left) and Dushendra Naidoo (right).
Minerals Council CEO Mzila Mthenjane flanked by Japie Fullard (left) and Dushendra Naidoo (right).

Mining industry sustainability hinges on energy, logistics reforms, Minerals Council stresses

By: Schalk Burger     9th February 2024 The sustainability of the South African mining industry and its ability to play a meaningful and positive role in society and the economy are dependent on urgent and extensive structural reforms in the energy and logistics sectors, mining industry organisation the Minerals Council South Africa... 

Minerals Council CEO Mzila Mthenjane
Minerals Council CEO Mzila Mthenjane

Crucial to combine agricultural development with mining, Indaba hears 

By: Martin Creamer     7th February 2024 Africa is going to have a huge amount to do to help solve the world’s climate change problems, Toronto-listed Ivanhoe Mines executive chairperson Robert Friedland emphasised in his far-reaching thirtieth address to the thirtieth Investing in African Mining Indaba in Cape Town. In those 30... 

Ivanhoe Mines executive chairperson Robert Friedland.
Photo by Creamer Media
Ivanhoe Mines executive chairperson Robert Friedland.

Threat of climate change has transformed the image of mining

By: Rebecca Campbell     7th February 2024 The need to reduce global carbon emissions, to counter climate change, has transformed the public image of the mining industry, because of the urgent need to ramp-up the production of clean energy metals. So highlighted International Council on Mining and Metals (ICMM) CEO Rohitesh Dhawan,... 

ICMM CEO Rohitesh Dhawan
ICMM CEO Rohitesh Dhawan

Anglo's Minas-Rio, Barro Alto mines complete IRMA audit; more mines to follow

By: Creamer Media Reporter      7th February 2024 Diversified miner Anglo American’s Minas-Rio iron-ore and Barro Alto nickel mines, in Brazil, have been assessed against the Initiative for Responsible Mining Assurance's (IRMA’s) comprehensive mining standard, achieving an IRMA 75 level of performance. The IRMA's Standard for Responsible Mining... 

The Minas-Rio mine
The Minas-Rio mine

Noise-induced hearing loss now highest priority mining health condition, Indaba hears 

By: Martin Creamer     6th February 2024 Noise-induced hearing loss has displaced tuberculosis (TB) and silicosis as the top priority health threat in the South African mining industry. “I’m emphasising noise-induced hearing loss because the other diseases have gone down markedly whereas noise-induced hearing loss has not gone down as... 

From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.
From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.

Anglo CEO urges resilience, partnerships amid global disruptions

By: Shannon de Ryhove     6th February 2024 Multinational mining company Anglo American is focusing on partnerships with its host nations to grow the mining industry and remain resilient through disruptions, said CEO Duncan Wanblad during his keynote address on the first day of the Cape Town-based Investing in African Mining Indaba 2024.... 

Anglo American CEO Duncan Wanblad
Photo by Bloomberg
Anglo American CEO Duncan Wanblad

Procurement extortion, copper theft serious issues for South African miners

By: Rebecca Campbell     5th February 2024 One of the major crime problems facing South African mining companies is that of the so-called “construction mafias”, or perhaps more accurately (as far as mining is concerned) “procurement mafias”. That is, organised crime gangs seeking to extort procurement contracts from mining companies,... 

Werner Duvenhage, Dr Mashego Mashego and Stephen Bullock
Werner Duvenhage, Dr Mashego Mashego and Stephen Bullock

South Africa’s mining industry now 39% black-owned, Mining Indaba hears 

By: Martin Creamer     5th February 2024 In 2004, the year South Africa’s far-reaching Mining Charter was first introduced, black ownership in South Africa’s globally recognised mining industry stood at a negligible 2%. This has now leapt nearly 20 times higher to approximately 39%, South Africa President Cyril Ramaphosa highlighted in... 

President Cyril Ramaphosa at the Mining Indaba.
President Cyril Ramaphosa at the Mining Indaba.

Regulator celebrates centenary of Dr Merensky’s discovery of PGM deposits in South Africa

By: Tasneem Bulbulia     2nd February 2024 State entity the South African Diamond and Precious Metals Regulator (SADPMR) will hold its South Africa Platinum Centenary Commemoration event in Cape Town, on February 4,  a day before the thirtieth Investing in African Mining Indaba gets under way. The commemoration will be held in partnership... 

Anglo American Platinum's Mogalakwena mine
Anglo American Platinum's Mogalakwena mine

Sylvania reports 10% drop in production owing to December shutdown

By: Darren Parker     31st January 2024 Platinum group metals (PGM) producer and developer Sylvania reported a 10% drop in production for the quarter ended December 31 – the second quarter of its 2024 financial year. The Sylvania Dump Operations (SDO) produced 18 232 oz of platinum, palladium, rhodium and gold (4E) and 23 105 oz of... 

Infrastructure repairs to Impala Rustenburg’s 11 Shaft to be completed by end-Feb

By: Chanel de Bruyn     31st January 2024 Platinum group metals (PGMs) miner Impala Platinum (Implats) says infrastructure repairs to Impala Rustenburg’s 11 Shaft are expected to be completed by the end of February, with the build-up to full production targeted for April. This follows a November 2023 accident associated with a personnel... 

Impala Rustenburg's 11 Shaft
Photo by Jacques McCarthy
Impala Rustenburg's 11 Shaft

Coal miner Ndalamo pursuing renewable energy, other minerals

By: Martin Creamer     31st January 2024 Coal mining company Ndalamo Resources is actively exploring opportunities in renewable energy and other minerals, paving the way for a diversified and resilient future. Ndalamo CEO Shammy Luvhengo states this in an Op-Ed in relation to the overarching theme of next week's 2024 Investing in... 

Ndalamo CEO Shammy Luvhengo.
Ndalamo CEO Shammy Luvhengo.

Anglo launches battery raw materials research project with large China recycler 

By: Martin Creamer     26th January 2024 South Africa-founded and Johannesburg- and London-listed Anglo American on Friday announced the launch of a research and development project in collaboration with one of China’s largest battery and battery material recyclers. The purpose of the project with Shenzhen-based GEM is to explore new... 

GEM and Anglo teams at signing ceremony.
GEM and Anglo teams at signing ceremony.

PGMs, hydrogen think tank hosted

By: Halima Frost     26th January 2024 A discussion on platinum group metal (PGM) miners and the role of these resources in hydrogen technology will be presented at this year’s Investing in African Mining Indaba, to be held at the Cape Town International Convention Centre from February 5 to 8. As a panellist involved in this... 

a Gloved hand holding a chunk of raw platinum ore
PLATINUM A PRIORITY The role that platinum group metals have in the development of a green economy will be discussed by Minerals Council South Africa modernisation and safety senior executive Sietse van der Woude at this years Investing in African Mining Indaba

Leoka resigns from Amplats board

By: Schalk Burger     22nd January 2024 Platinum group metals miner Anglo American Platinum (Amplats) has announced that Thabi Leoka has resigned as nonexecutive director and, consequently, the board committees she serves on, with immediate effect to attend to her health and the questions she has been facing in relation to her academic... 

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.

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

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

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

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.

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.

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.

Hydrogen as a driver of PGMs demand and new industry appointments make headlines  

By: Creamer Media Reporter      12th January 2024 Mining Weekly Editor Martin Creamer discusses the hydrogen economy as a new growth area for platinum group metals; Ian Cockerill's appointment as CEO of West African miner Endeavour Mining and the importance of growing the pipeline of leaders in the mining industry; and the importance of... 

Photo of Martin Creamer
Hydrogen as a driver of PGMs demand and new industry appointments make headlines

Tharisa reports highest ever quarterly chrome output, increased PGMs production

By: Darren Parker     11th January 2024 London- and JSE-listed Tharisa has reported an 8.7% increase in mill throughput at its South African operations to more than 1.4-million tonnes, with improvements in both grade and recovery for platinum group metals (PGMs) and chrome concentrate for the first quarter of the 2024 financial year,... 

Tharisa CEO Phoevos Pouroulis
Tharisa CEO Phoevos Pouroulis

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.

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

Gold CEO scandal is latest black eye for mining as setbacks mount

By: Bloomberg     7th January 2024 Endeavour Mining’s shock firing of its chief executive has capped a miserable three months for the global mining industry — and an equally painful period for its shareholders. The world’s biggest producers have spent much of the past decade trying to rebuild mining’s reputation, after a slew of... 

Endeavour Mining's Agbaou mine
Endeavour Mining's Agbaou mine
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