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Middle East News

BHP has a week to convince Anglo its South African plan can work

By: Bloomberg     Updated 4 hours ago BHP Group just won an extra week to convince Anglo American on its $49-billion takeover plan. But the world’s biggest miner still must resolve the deal’s most intractable obstacle: What to do about South Africa? After a month of rising tensions, the companies are holding discussions after BHP... 

Huge manganese value-add opportunity reiterated at Junior Indaba 

By: Martin Creamer     22nd May 2024 The huge opportunity that South Africa has to add value to its rich endowment of manganese through local processing was reiterated during the second day of Wednesday’s Junior Indaba. “Specific to manganese, we’re certainly very bullish,” Manganese Metal Co (MMC) CEO Louis Nel said in response to... 

From left, Kudakwashe Maramba, George Roach, Ntsiki Adonisi, Louis Nel, Jaco Prinsloo, Bernard Swanepoel.
From left, Kudakwashe Maramba, George Roach, Ntsiki Adonisi, Louis Nel, Jaco Prinsloo, Bernard Swanepoel.

Anglo shoots down BHP’s third attempt, agrees to one-week extension 

By: Mariaan Webb     22nd May 2024 The world’s top diversified miner BHP has made a third unsolicited conditional takeover proposal for smaller rival Anglo American on Wednesday, only hours before its initial deadline for a firm intention to make an offer expired. The board of London-listed Anglo American rejected the latest... 

Anglo American chairperson Stuart Chambers
Anglo American chairperson Stuart Chambers

Hydrogen Council appoints CEO

By: Creamer Media Reporter      22nd May 2024 Global CEO-led initiative the Hydrogen Council has appointed Ivana Jemelkova as CEO, following an extensive, international search. Jemelkova is a recognised leader in energy and sustainability, with a record of building and managing successful coalitions and partnerships to accelerate... 

Hydrogen Council CEO Ivana Jemelkova
Hydrogen Council CEO Ivana Jemelkova

BHP-Anglo prospects flag more M&A ahead for miners

By: Reuters     22nd May 2024 BHP's bid for Anglo American underlines the growing appetite for energy transition metals like copper from miners who must become more aggressive to secure new projects or risk missing out, investors and mining CEOs said on Wednesday. The bid by the world's biggest listed miner for Anglo is... 

The Khoemecau copper mine in Botswana
The Khoemecau copper mine in Botswana

Saudi Ma'aden has extracted lithium from seawater, CEO says

By: Reuters     22nd May 2024 Saudi Arabian Mining Company Ma'aden has successfully extracted lithium from seawater, although not at levels that are commercially viable and its project remains at the pilot stage, its CEO told Reuters on Tuesday. "We are actually producing lithium from seawater now," Robert Wilt said, without... 

Ma'aden CEO Robert Wilt
Ma'aden CEO Robert Wilt

Latest cadastre agreement excites South Africa’s Junior Indaba panel 

By: Martin Creamer     21st May 2024 There were expressions of excitement at the South Africa’s Junior Indaba on Tuesday when attendees at the important mining event learnt of the signing of the service-level agreement (SLA) for South Africa's long-awaited mining cadastral system, a key tool for orderly mineral exploration... 

Opening Junior Indaba panel (from left) Lili Nupen, Tseliso Maqubela, Errol Smart, Mosa Mabuza, Bernard Swanepoel.
Junior Indaba covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

South Africa's R105bn green hydrogen project to be energised by hot De Aar sunshine 

By: Martin Creamer     21st May 2024 South Africa’s R105-billion green hydrogen, green ammonia project in the Eastern Cape took another major leap forward on Tuesday with the announcement of its underpinning by a cluster of nine solar projects in the very high solar yielding area of De Aar. The giga scale 1 230 MW solar project is... 

Hive Hydrogen South Africa chairperson Thulani Gcabashe
Hive Hydrogen South Africa chairperson Thulani Gcabashe

Menar advancing on the manganese front   

By: Martin Creamer     21st May 2024 Private investment company Menar, which is advancing steadily on the manganese front, has anthracite, coal, nickel, and gold in its diversified multi-country portfolio. The company's diversification into manganese began in 2021 with the East Manganese project in the Northern Cape, where a second... 

Menar MD Vuslat Bayoğlu
Menar MD Vuslat Bayoğlu interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Dubai mining firm plans to start Argentina lithium production next year

By: Reuters     21st May 2024 Dubai-based United Mining Projects Corporation (UMPC) plans to begin producing battery-grade lithium in Argentina next year, aiming to deliver 5 000 metric tons in 2027 and double that in 2028, CEO Bradley Pielsticker said in an interview. Argentina is the world's fourth-largest lithium... 

Copper hits record above $11 000 on bets that shortage looms

By: Bloomberg     20th May 2024 Copper surged to its highest-ever level, extending a powerful, months-long rally driven by financial investors who’ve piled into the market in anticipation of deepening supply shortages. Futures on the London Metal Exchange jumped more than 4% in early Monday trading, taking copper past $11 000... 

Copper hits record above $11 000 on bets that shortage looms

Lithium miners shake up trading to tackle wild price swings

By: Bloomberg     20th May 2024 The world’s lithium miners — facing an unprecedented demand surge and wild price swings — are shaking up the way the commodity is bought and sold. As lithium emerges as a linchpin of the global energy transition, the industry is in the grip of a slow-motion revolution that earlier upended... 

Lithium miners shake up trading to tackle wild price swings

Gold hits fresh record as Fed rate-cut optimism fuels demand

By: Bloomberg     20th May 2024 Gold notched a fresh all-time high, as investor demand soared across the broader metals complex amid increasing optimism the US will cut rates this year. Bullion jumped as much as 1.1% to hit $2 440.59 an ounce in early Asian hours, surpassing a previous intraday record reached in April. Traders... 

Gold hits fresh record as Fed rate-cut optimism fuels demand

Platinum-enabled green molecules offering inviting green electron value-add – Nedbank  

By: Martin Creamer     20th May 2024 It’s no longer good enough to just produce electric vehicles (EVs). You have to produce green EVs, and to do that, you need green steel. To get the green steel, you need the green molecules that green hydrogen provides. 

The cathode side of proton exchange membrane (PEM) fuel cells that convert hydrogen to electricity require platinum.
Nedbank CIB's Mike Peo interviewed by Mining Weekly's Martin Creamer. Video: Shadwyn Dickinson.

BHP debates improved bid as time runs out in Anglo takeover saga

By: Bloomberg     19th May 2024 With time running out on its $43-billion pursuit of Anglo American, BHP Group faces a critical question: what would it take to draw the smaller company to the negotiating table within the next few days? BHP’s plan to partially break up and then acquire Anglo has transfixed the mining industry by... 

BHP CEO Mike Henry
Photo by Bloomberg
BHP CEO Mike Henry

Minerals Council, Geoscience, IDC going all out to boost South African exploration  

By: Martin Creamer     17th May 2024 A collective effort was apparent on Friday when Minerals Council South Africa, the Council for Geoscience and the Industrial Development Corporation (IDC) spoke on the same platform to promote a return to growth in the shrinking South African mining industry. Minerals Council South Africa CEO... 

Minerals Council South Africa CEO Mzila Mthenjane
South African public-private sector exploration webinar covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Glencore expands adherence to standards, reporting frameworks to ensure sustainability

By: Marleny Arnoldi     17th May 2024 Global diversified miner Glencore’s emissions and energy use increased in 2023, but the group continues to make strides in managing its operations sustainably and according to ever-evolving standards. Glencore’s total energy use last year was 202 PJ, compared with 194 PJ in 2022. Renewable... 

Glencore's head office
Photo by Bloomberg
Glencore's head office

Trafigura says aluminium rally is ‘over done’ as supply returns

By: Bloomberg     17th May 2024 Aluminum prices should decline by at least 6% over the next six months as supply returns to the market and high interest rates continue to crimp manufacturing demand, according to an analyst from Trafigura Group, one of the biggest traders of the metal. “We’re looking at a very grim demand... 

Trafigura says aluminium rally is ‘over done’ as supply returns

PGM-boosted green hydrogen backed by resolute South African govt's commitment  

By: Martin Creamer     16th May 2024 The production of green hydrogen, which is most effectively generated when catalysed by platinum group metals (PGMs), has profound economic and social implications, including job creation, skills development, and the fostering of new industries along a multifaceted mining, manufacturing and... 

Higher Education & Training DDG Zukile Mvalo
Higher Education & Training DDG Zukile Mvalo’s green hydrogen presentation covered by Mining Weekly’s Martin Creamer. Video: Creamer Media’s Shadwyn Dickinson. Video Editing: Nicholas Boyd.

Anglo unveils hiring freeze, document shows, after rejecting $43bn takeover bid

By: Reuters     16th May 2024 Anglo American has suspended hiring globally, it said on Thursday, as it gets plans under way to simplify itself and build value – and avert a $43-billion takeover bid by Australia's BHP. Anglo laid out plans on Tuesday to refocus its company on energy transition metal copper while spinning out... 

The recruitment of new non site-based permanent employees and contractors has been stopped.
The recruitment of new non site-based permanent employees and contractors has been stopped.

Saudi’s new mining vehicle picks industry veteran as first CEO

By: Bloomberg     16th May 2024 Saudi Arabia’s Manara Minerals Investment hired veteran dealmaker Pierre Chenard to be its first permanent CEO as the mining investment firm searches for more assets. Manara, backed by the Saudi sovereign wealth fund, is spearheading the kingdom’s ambitious plan to become a major player in... 

State mining training authority backing green hydrogen skills centre creation   

By: Martin Creamer     15th May 2024 “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... 

CHIETA CEO Yershen Pillay
Nedbank CIB Green Hydrogen Roundtable covered by Mining Weekly's Martin Creamer. Video: Creamer Media's Shadwyn Dickinson. Video Editing: Creamer Media's Nicholas Boyd

BHP shareholders see room for one more sweetened Anglo bid

By: Bloomberg     15th May 2024 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... 

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