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Middle East News

State mining training authority backing green hydrogen skills centre creation   

By: Martin Creamer     Updated 1 hour 58 minutes ago “We’re very excited to announce that we’ll be establishing the first centre of specialisation of green hydrogen skills,” South Africa’s Chemical Industries Education and Training Authority (CHIETA) CEO, Yershen Pillay, made public this week. CHIETA is working on this with South Africa’s mining... 

BHP shareholders see room for one more sweetened Anglo bid

By: Bloomberg     Updated 3 hours ago Shareholders in BHP Group and takeover target Anglo American expect the world’s largest miner to come back with a third and improved proposal before a regulatory deadline next week, even after the smaller company laid out a bold restructuring plan of its own on Tuesday. Anglo has twice rejected... 

A BHP office building

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

By: Bloomberg     15th May 2024 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

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

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.

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.

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

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.

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

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.

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

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.

Booming Harmony ups full-year output and grades; lowers cost and capital guidance

By: Martin Creamer     30th April 2024 Execution and preparatory work on key gold projects are on track in South Africa, and early works on the copper project in Australia are to commence, Harmony Gold reported on Tuesday. In South Africa, the Moab Khotsong gold mine extension and the Mine Waste Solutions development are on track,... 

Harmony's Mponeng gold mine.
Harmony's Mponeng gold mine.

Fortescue consortium awarded rights to develop Oman green hydrogen project

By: Creamer Media Reporter      30th April 2024 A consortium between green energy and metals group Fortescue and sustainable infrastructure investor Actis has been awarded the rights to develop, build, own and operate a large green hydrogen project in Oman. At a signing ceremony in Muscat on Tuesday, Hydrogen Oman (Hydrom), an independent... 

Anglo American takeover price needs to surpass £30 a share, survey shows

By: Bloomberg     30th April 2024 A takeover of Anglo American would need to be pitched at more than £30 ($37.6) a share, a higher price than BHP Group offered last week, according to analysts and traders surveyed by Bloomberg. Anglo American shares are trading above the value of BHP’s rebuffed $39-billion takeover proposal, a... 

Anglo American takeover price needs to surpass £30 a share, survey shows

Central banks, record first-quarter over-the-counter purchases support gold demand

By: Marleny Arnoldi     30th April 2024 Continued exchange-traded fund (ETF) outflows drove gold demand, excluding over-the-counter (OTC) purchases, down by 5% year-on-year in the first quarter of this year to 1 102 t. However, including sizeable OTC purchases by investors, total gold demand increased by 3% year-on-year to 1 238 t,... 

Gold nugget

Mosaic sells stake in Saudi JV for $1.5bn

By: Creamer Media Reporter      30th April 2024 US-based fertiliser company Mosaic on Tuesday announced the sale of its stake in a phosphate production venture to Saudi Arabia’s Ma’aden. Mosaic will receive 111.01-million shares of the Saudi Arabian mining company, valued at about $1.5-billion, for its 25% stake in the Ma’aden Wa’ad Al Shamal... 

Mosaic CEO Bruce Bodine
Mosaic CEO Bruce Bodine

As BHP weighs firm bid for Anglo, investors fret over cherry-picking assets

By: Reuters     30th April 2024 BHP Group can't cherry pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters, concerned that they stand to lose heavily by holding shares in South African subsidiaries. The world's No. 1 miner is weighing up its next move after its initial $39-billion takeover... 

A hydrogen-powered truck in operation at Anglo American Platinum's Mogalakwena mine
Photo by Bloomberg
A hydrogen-powered truck in operation at Anglo American Platinum's Mogalakwena mine

Implats platinum group metals output up amid robust demand but lacklustre pricing 

By: Martin Creamer     30th April 2024 Platinum group metals (PGMs) mining and marketing company Implats on Tuesday reported higher production in a period characterised by robust demand but lacklustre PGM prices. “Despite continued macroeconomic and geopolitical uncertainty, demand from our contractual customers remains robust, with... 

Implats CEO Nico Muller
Implats CEO Nico Muller

Critical minerals, food crops at risk of climate disruption by 2050, report shows

By: Darren Parker     30th April 2024 More than 70% of critical minerals needed for the transition to net zero emissions will be at risk from climate disruption by 2050, professional services firm PwC says. The firm's latest report, titled ‘Climate Risks to Nine Key Commodities Report’, shows that the production of copper, cobalt and... 

A graph showing the heat stress and drought riks of various commodities

Glencore’s Rustenburg ferrochrome smelter remains idled 

By: Martin Creamer     30th April 2024 Pending an improved price and cost environment, Glencore said in its first-quarter 2024 production report on Tuesday that its Rustenburg ferrochrome smelter in South Africa’s North West province would remain idled. The London- and Johannesburg-listed diversified mining and marketing company... 

Glencore CEO Gary Nagle
Glencore CEO Gary Nagle

Gold Fields CFO takes early retirement

By: Martin Creamer     30th April 2024 Gold Fields long-serving CFO Paul Schmidt, who is also an executive director of the Johannesburg Stock Exchange-listed gold mining company, is to proceed on early retirement, the company stated in a stock exchange announcement on Tuesday. Although his stepdown is effective from April 30, Schmidt... 

BHP tells investors Anglo bid is 'on strategy', stresses discipline

By: Reuters     29th April 2024 BHP has told Australian investors privately that its $39-billion Anglo American bid is in line with its strategy and that it will be disciplined in its approach, two fund sources said. The world's biggest listed mining group is weighing up its next move after its initial takeover proposal for... 

BHP tells investors Anglo bid is 'on strategy', stresses discipline

Saudi Arabia set on securing lithium for EV ambitions

By: Reuters     29th April 2024 Saudi Arabia is committed to sourcing lithium from overseas as it looks to produce EV batteries and invest in the electric vehicle sector, a senior minister said in an interview, noting attempts to secure domestic supplies were at an early stage. Saudi Arabia, whose economy has for decades... 

Saudi Arabia set on securing lithium for EV ambitions
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