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Middle East News

Perseus enters into co-investment cooperation agreement with Saudi company

By: Tasneem Bulbulia     21st February 2024 ASX- and TSX-listed Perseus Mining has entered into a cooperation agreement with Ajlan & Bros Mining & Metals Company (ABM), the mining division of Saudi Arabia-based investment conglomerate company, Ajlan Brothers. The binding agreement contemplates that Perseus and ABM will jointly investigate... 

Rich new Copper 360 discovery points to big Chile-type copper mine potential  

By: Martin Creamer     20th February 2024 Okiep Copper Company, which mining company Newmont established in 1937, is today one of the 100%-owned subsidiaries of South Africa’s Copper 360, the only pure copper play listed on the Johannesburg Stock Exchange. Under Newmont, the Okiep Copper Company paid out about R30-million in dividends... 

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

Worst of inflationary wave over, says BHP CEO

By: Mariaan Webb     20th February 2024 Diversified mining group BHP CEO Mike Henry has expressed confidence in a more favourable economic outlook for 2024, declaring that the worst of the global inflationary wave is over. BHP, which on Tuesday reported flat first-half underlying profit of $6.6-billion, is witnessing a shift towards a... 

BHP CEO Mike Henry
BHP CEO Mike Henry

Crucial decarbonisation investigation into Hillside Aluminium is continuing intensely 

By: Martin Creamer     16th February 2024 Solutions to support decarbonisation, while ensuring operational competitiveness into the future, are continuing to be intensely investigated at South Africa's large Hillside Aluminium operation in KwaZulu-Natal, South32 CEO Graham Kerr assured Mining Weekly in an interview on Thursday, following... 

South32 CEO Graham Kerr.
South32 CEO Graham Kerr.

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.

Barrick replaces 140% of gold reserve, no need for ‘dilutionary or delusionary’ M&A 

By: Martin Creamer     15th February 2024 New York- and Toronto-listed mining company Barrick has replaced more than 140% of its gold reserves in the last five years and more importantly at the same grade, Barrick CEO Dr Mark Bristow pointed out in reporting full-year 2023 gold production of 4.05-million ounces and copper output of... 

Barrick CEO Mark Bristow.
Barrick CEO Mark Bristow.

Landslide at SSR’s Turkish mine triggers cyanide spill concerns

By: Bloomberg     15th February 2024 A landslide at a gold mine in eastern Turkey triggered concerns of cyanide contamination in western Asia’s longest river. The incident at the Copler mine dislodged ten million cubic meters of earth across a 200-meter slope, with nine missing workers still trapped under the soil, Interior... 

The Copler mine in Turkey
The Copler mine in Turkey

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.

IEA to launch security programme for minerals critical to energy sector

By: Reuters     14th February 2024 The International Energy Agency (IEA) is launching a programme to secure the supply of minerals critical to energy security, as demand rises fast while manufacturing remains in the hands of a few key producers, its executive director said on Tuesday. Fatih Birol said the production of electric... 

IEA executive director Fatih Birol
Photo by Bloomberg
IEA executive director Fatih Birol

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.

Hydrogen demand powers record sales for Thyssenkrupp Nucera

By: Reuters     13th February 2024 Thyssenkrupp Nucera on Tuesday posted record quarterly sales, citing rising demand for its electrolyser technology as the hydrogen firm remained upbeat about the sector's prospects despite regulatory uncertainty. First-quarter revenue for the three months to December 31 rose by more than a third... 

ThyssenKrupp Nucera CEO Werner Ponikwar
ThyssenKrupp Nucera CEO Werner Ponikwar

2024 defining year for world’s first woman-owned phosphate mine, looking at IPO   

By: Martin Creamer     12th February 2024 Adelaide Ruiters has been slogging away for ten years to get the world’s first woman-owned phosphate mine up and running. Now, 2024 looks like the year she'll likely do it. Ribbon-cutting for Adelaide Ruiters Mining and Exploration (ARME) is now expected around June, July ­– and being considered,... 

ARME founder and CEO Adelaide Ruiters.
AMRE CEO Adelaide Ruiters interviewed by Mining Weekly’s Martin Creamer. Video: Shadwyn Dickinson. Video Editing: Nicholas Boyd.

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).

Gold mining industry striving to build on sustainability strides  

By: Tasneem Bulbulia     8th February 2024 Striving for sustainability in every facet of the gold mining industry’s value chain is imperative and while considerable progress has been made in several areas, including responsible practices and reporting, as well as decarbonisation, there is still work to be done in other areas, such as... 

An image of World Gold Council climate change lead and market relations director John Mulligan
World Gold Council climate change lead and market relations director John Mulligan

Anglo’s fourth-quarter production in line with expectations despite rail constraints

By: Tasneem Bulbulia     8th February 2024 Diversified miner Anglo American’s production for the fourth quarter ended December 31, 2023, was in line with expectations and in line with production in the third quarter, despite the deliberate slowdown at its South African iron-ore operations to help draw down stock levels in response to poor... 

An image of Anglo American CE Duncan Wanblad
Duncan Wanblad

Global Reporting Initiative formally launches new biodiversity, mining standards

By: Rebecca Campbell     8th February 2024 More than 50% of global gross domestic product was moderately or highly dependent on biodiversity, Global Reporting Initiative (GRI) vice chairperson Bola Adeeko highlighted in Cape Town on Thursday. Adeeko, who was also the special projects director for Flour Mills of Nigeria, was speaking at... 

De Beers warns diamond recovery will be slow after terrible year

By: Bloomberg     8th February 2024 De Beers expects any recovery in the beleaguered diamond market to be slow and gradual as the industry continues to suffer from weak economic growth in key markets such as China and the US. The sector almost came to a complete standstill in the second half of last year as De Beers and Alrosa... 

De Beers CEO Al Cook
De Beers CEO Al Cook

ICMM announces initiative to simplify responsible mining standards

By: Shannon de Ryhove     7th February 2024 In a significant move towards accountability and transparency in the global mining industry, the International Council on Mining and Metals (ICMM) has unveiled plans to consolidate responsible mining standards into a single, globally recognised framework. This initiative, developed in... 

ICMM President Rohitesh Dhawan in conversation with Natural Resource Governance Institute Africa director Nafi Chinery at Investing in African Mining Indaba.
ICMM President Rohitesh Dhawan in conversation with Natural Resource Governance Institute Africa director Nafi Chinery at Investing in African Mining Indaba.

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

Mining companies embrace COP28 commitments, charting sustainable path for mining industry

By: Shannon de Ryhove     7th February 2024 In the wake of COP28, the United Nations Climate Change Conference that took place at the end of 2023, the global mining industry is witnessing a transformative shift towards sustainability. The pivotal commitment to triple renewable energy production by 2030 has set the stage for a new era in... 

Mining companies embrace COP28 commitments, charting sustainable path for mining industry

Angola’s diamond sparkle brightened by new De Beers deal 

By: Martin Creamer     6th February 2024 Diamond mining and marketing company De Beers is to collaborate with Angola on opportunities to increase diamond production, support alluvial mining sector and enhance social development for the benefit of Angola’s citizens. De Beers on Tuesday signed a memorandum of understanding (MOU) with... 

De Beers CEO Al Cook with Endiama CEO Ganga Junior at Investing in African Mining Indaba.
De Beers CEO Al Cook with Endiama CEO Ganga Junior at Investing in African Mining Indaba.

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.

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.

Rare earths prices seen rebounding in second half of 2024 - analysts

By: Reuters     5th February 2024 Rare earth prices have likely bottomed out and are poised to rise later this year on demand from electric vehicles (EVs) and wind powerand as dominant producer China is expected to pull back on expanding output quotas, analysts said. Rare earths are a group of 17 elements used in products from... 

Rare earths prices seen rebounding in second half of 2024 - analysts

From green hype to bailouts, the nickel industry has imploded

By: Bloomberg     5th February 2024 Just 18 months ago, the world’s biggest mining company was in a nickel frenzy. BHP Group, to much fanfare, had struck a deal with Tesla to supply it with the crucial ingredient for electric vehicles. It was about to go toe-to-toe with Australian billionaire Andrew Forrest for control of one of... 

From green hype to bailouts, the nickel industry has imploded

Coal line criminals identified, must be jailed – Transnet 

By: Martin Creamer     2nd February 2024 The criminal syndicates that regularly bring South Africa’s coal export line to a halt have been identified through the intelligence operations that are conducted by Transnet Freight Rail (TFR). What is lacking is the ability of law-enforcement agencies to then work on information, see to... 

From left, Randy Fabi, Alan Waller, Gavin Kelly, Xolani Mbambo, Theo Johnson and Matthias Brodner.
Photo by Creamer Media
From left, Randy Fabi, Alan Waller, Gavin Kelly, Xolani Mbambo, Theo Johnson and Matthias Brodner.

Western miners lag as oil powers enter race for Africa's critical metals

By: Reuters     2nd February 2024 Risk aversion is likely to leave major Western miners lagging in a race to tap Africa's reserves of critical raw materials that has gathered pace now Middle Eastern oil powers have begun to emulate China's years of investment on the continent. Attracting the capital needed to advance copper,... 

Copper sheets produced in the DRC

Lithium project delays, more M&A on the cards as market transitions – Wood Mac

By: Mariaan Webb     1st February 2024 The lithium market is entering a period of transition, with the once-unstoppable demand growth for the key battery material now decelerating as the market matures and electric vehicle (EV) sales are subdued. “Lower government incentives and inadequate infrastructure are expected to curtail EV... 

Lithium project delays, more M&A on the cards as market transitions – Wood Mac

Geopolitical, economic uncertainty supported last year’s gold demand, price 

By: Tasneem Bulbulia     31st January 2024 Member organisation the World Gold Council’s (WGC) latest ‘Gold Demand Trends’ report, released on January 31, indicates that yearly gold demand – excluding over-the-counter (OTC) market demand – fell to 4 448 t in 2023, down just 5% from what the council says was a notably strong 2022. When... 

A gold pour

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.

DRC’s green and automated Kibali gold operation highlighted as mining role model 

By: Martin Creamer     30th January 2024 Kibali, the largest gold mine in Africa, is now also one of Africa's greenest and most impressively automated operations, which continues to stimulate local economic development and even provides ongoing funding for the reintroduction of white rhinos into a Unesco world heritage site in the... 

Kibali gold plant in the Democratic Republic of Congo.
Kibali gold plant in the Democratic Republic of Congo.

World's biggest jeweller Pandora stops using mined silver and gold

By: Reuters     29th January 2024 Pandora, the world's largest jeweller by amount of products sold, has stopped using mined silver and gold and now only manufactures with recycled precious metals, which require less energy to produce. The Danish company, known for its $65 to $95 charm bracelets, buys around 340 t of silver and 1... 

World's biggest jeweller Pandora stops using mined silver and gold

Decline in coal line security incidents is improving performance – Transnet 

By: Martin Creamer     29th January 2024 Security incidents that disrupt trains transporting coal to South Africa’s Richards Bay Coal Terminal (RBCT) for export to the world are in definite decline and that has certainly helped to improve performance, acting Transnet Freight Rail CE Russell Baatjies emphasised to Mining Weekly during... 

Aerial view of Richards Bay Coal Terminal.
Aerial view of Richards Bay Coal Terminal.

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.

New public-private rail corridor agreement already boding well – RBCT  

By: Martin Creamer     25th January 2024 The three-month-old mutual cooperation agreement that the private-sector-owned Richards Bay Coal Terminal (RBCT) signed with State rail enterprise Transnet in November is already boding well, RBCT chairperson Nosipho Damasane emphasised on Thursday. “Over the last few months, we’ve already... 

From top left clockwise, RBCT CEO Alan Waller, RBCT chairperson Nosipho Damasane, Acting Transnet CEO Michelle Phillips and Acting Transnet Freight Rail CE Russell Baatjies.
Richards Bay Coal Terminal presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Red sea attacks push BHP to divert some shipping via African coast

By: Reuters     25th January 2024 Australian mining giant BHP Group said on Thursday that the Red Sea disruptions are forcing some of its freight service providers to take alternative routes, such as Africa's Cape of Good Hope, while others still prefer the Red Sea with additional controls. "The Red Sea is one of the key shipping... 

Iron-ore being loaded onto a ship

Tin shackled by surplus, but green industry demand poised to mop up supplies

By: Reuters     24th January 2024 The potential for a build-up of tin supplies this year is likely to put pressure on prices, but accelerating demand from the energy transition sector, including solar panels and electric vehicles, should support prices in the future. Tin is used in circuit-board soldering for products like mobile... 

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