Glencore highlights strategic achievements, earnings 33% down

iversified mining and marketing company Glencore on Wednesday highlighted what it described as “strong strategic achievements for the group over the year to date”. Against the backdrop of lower... 

Glencore to continue to oversee responsible decline of thermal coal operations

Diversified mining and marketing company Glencore is to continue to oversee the responsible decline of its thermal coal operations over time, the board has decided. While the decision has been... 

AngloGold interim dividend up 450%, half-year free cash flow lifts to $206m

Gold mining company AngloGold Ashanti on Tuesday reported a soaring interim dividend improvement on strong free cash flow uplifted by the elevated gold price, operational improvement and cost... 

Re-opened Rietberg copper mine on way to becoming Copper 360’s cash cow

The revived Rietberg copper mine is on its way to becoming the cash cow of Copper 360, the Johannesburg Stock Exchange AltX company, which last week produced the first copper ore in the O’Kiep... 

Mined gold hits second-quarter production record, World Gold Council reports

Global mine production of 929 t of gold in the three months to the end of June was a record for a second quarter, a period of firm gold demand and record gold prices, the World Gold Council... 

On-The-Air (02/08/2024)

Martin Creamer discusses gold, platinum metals, chrome ore and ferrochrome. 

Petra focusing on refinancing $250-million loan notes

Having reset its cost base, delivering new life-of-mine (LoM) plans with a smooth capital profile, the focus of Petra Diamonds is very much on refinancing its $250-million loan notes. “We plan to... 

Minerals Council VP spells out platinum production decline expectation to Shanghai

Under current market conditions, many platinum mines will close prematurely due to a lack of financial resources – and even without financial constraint, closure of depleting mines will result in... 

Mining’s dormant gold analyser seen as potential gold optimiser with help of today’s tech

For 30 years, 800 people at the now defunct Chamber of Mines Research Organisation (COMRO) devoted intense ongoing effort to research and development to advance mining in general and gold mining in... 

Public-private togetherness already showing signs of boosting logistics

The new multi-party government is in many ways continuing to progress advances that were already in motion before the various South African political parties decided to work in unison. Reports on... 

Orion’s capital-raising success kindling hopes of greater small-end investment in mining

The capital-raising success that emerging copper and zinc mining company Orion Minerals achieved is kindling high hopes that smaller South African shareholders will be facilitated to play a greater... 

Manganese prices up 56%, sales up 35%, Jupiter reports

The three months to the end of June saw spot manganese ore prices rise 56%, driven by the temporary closure of the cyclone damaged Gemco manganese mine in Australia, Jupiter Mines reported on... 

Initial output from Sylvania Platinum’s new tailings project on track for first half of 2025

First production from the developing Thaba Joint Venture (JV) chrome and platinum group metals (PGMs) recovery project on the northern part of the western limb of South Africa’s well-endowed... 

Merafe’s ferrochrome output 17% down on smelter hold-back in unfavourable market

Ferrochrome production attributable to the Johannesburg Stock Exchange-listed Merafe Resources from the Glencore Merafe Chrome Venture for the six months to June 30 was a 17%-lower 154 000 t... 

Glencore expects to be able to announce coal, carbon steel demerger decision next week

Diversified mining and marketing company Glencore expects to be able to announce the decision of the board regarding the potential demerger of its coal and carbon steel materials business next... 

Pan African’s below-$900/oz tailings advance beating budget, conquering clock

The latest gold tailings retreatment project of Pan African Resources is ahead of schedule and below budget. The Mogale Tailings Retreatment (MTR) Project, located to the west of Johannesburg, near... 

Demerging Anglo Platinum excited about demand outlook for platinum group metals

Anglo American Platinum, which is in the process of demerging from the Anglo American group, this week expressed confidence in the demand outlook for the platinum group metals (PGMs). The... 

On-The-Air (26/07/2024)

Martin Creamer talks about job creation, sun and wind energy and iron-ore. 

Platinum’s appeal soaring on gold price gap, critical mineral status and industrial demand

Platinum’s appeal is being bolstered by its wide discount to gold, increasing industrial applications, and inclusion on the critical mineral lists of many countries, World Platinum Investment... 

Platinum mine developer working with govt on export of concentrate to Saudi Arabia

Toronto- and New York-listed Platinum Group Metals, the near-term objectives of which are to advance the Waterberg project in Limpopo to a development and construction decision, is working with the... 

South Africa’s mineral endowment, public market edges must be put to work, Utshalo insists

With South Africa's mineral endowment and its public capital markets being two of its greatest advantages, both need to be put to work in a manner that is common in other global mining... 

Nothing less than full transparency is a must from State-owned enterprises

Surprisingly, some State-owned enterprises are engaging in unacceptable secrecy. Tenders, which should be invited publicly, are being invited under a cloud of secrecy. When the media requests... 

Anglo's eyes are firmly on a copper, iron-ore and crop nutrient prize

By the end of 2025, the new Anglo American is going to be focused 100% on copper, iron-ore and crop nutrient mining. By that time, the demerged Johannesburg Stock Exchange-listed Anglo American... 

We’re moving at pace to create more agile, profitable Anglo, CE Wanblad reports

Diversified mining company Anglo American, which is in the process of restructuring itself, on Thursday delivered $5-billion underlying half-year earnings for the six months to the end of June.... 

Platinum demand uplifted by global electrolyser developments, world body reports

Platinum-based electrolysis for the production of planet-cleaning green hydrogen is gaining worldwide momentum. The World Platinum Investment Council (WPIC) projected on Wednesday that global... 

Minerals Council South Africa supports beneficiation where the economics make sense

Minerals Council South Africa, whose members account for 90% of this country's annual mineral production by value, supports beneficiation where the economics make sense. “Therefore, we welcome the... 

Seriti’s wind move may be further energy transitioned by solar, Coal & Energy Day hears

Black-owned coal mining company Seriti Resources' advance into wind energy through Seriti Green may be further advanced by an entry into solar power, Tuesday’s Coal & Energy Transition Day 2024 was... 

Public-private partnership providing powerful performance potential – Kumba Iron Ore

The commitment of South Africa’s new multi-party government to continued reform of this country’s iron-ore logistics was hailed on Tuesday by Kumba Iron Ore. During the presentation of half-year... 

PGMs helping to lay greener global foundation, demerging Anglo Platinum highlights

Despite the current low-price cycle, the critical role that platinum group metals (PGMs) play in helping to form a foundation for cleaner greener world remains indisputable, Anglo American Platinum... 

We're looking forward to being PGM leader as a standalone entity – Anglo Platinum

Platinum group metals  (PGM) mining and marketing company, the Johannesburg Stock Exchange primary-listed Anglo American Platinum, highlighted on Monday that it is working to deliver a responsible... 

Northern Cape lithium, tungsten, tantalum transaction

Marula Mining on Friday announced an agreement to acquire a lithium, tungsten and tantalum asset in the Northern Cape, through its wholly-owned Southern African Lithium and Tantalum Mining... 

On The Air (19/07/2024)

Martin Creamer talks about platinum mining, diamonds and green hydrogen. 

Investors very positive on South Africa’s unity govt, says Pallinghurst’s Arne Frandsen

Amongst all our investors, there’s a very broad support for South Africa’s government of national unity initiative, says Pallinghurst Co-Chief Executive and Co-Founder Arne Frandsen. “I think it’s... 

Unity government must tangibly target swift energy, logistics, water advancement

Economic growth has fallen below permissible percentages. Infrastructure is mangled and maimed. Investment has collapsed and crumbled, and unemployment, poverty and gross domestic product per... 

Renewables component of DRC gold mine’s energy mix to hit 85% next year

The reputation of the large Kibali gold mine, run by Barrick Gold in the Democratic Republic of Congo (DRC), is being significantly enhanced by its far-reaching contribution to the development and... 

High hopes for potentially game-changing technology at platinum group metal mines

Development of an innovative new mining method for narrow tabular steep dipping orebodies has reached an advanced stage after four years of effort. The reef boring machine that has already been put... 

We’ve delivered strong second-quarter production – Anglo CE

Diversified mining company Anglo American on Thursday emphasised its embedding of operational resourcefulness across its asset base and highlighted its second-quarter performance as being strong.... 

Anglo Platinum anticipating 15% to 25% lower half-year earnings

The basic earnings and earnings per share of platinum group metals (PGM) mining company Anglo American Platinum for the first six months of this year are anticipated to be between 15% and 25% lower... 

Kumba Iron Ore expecting half-year earnings to be 24% to 29% lower

The basic earnings of iron-ore mining company Kumba for the six months to June 30 are expected to between 24% and 29% lower than for the first six months of last year. The decreased R6 847-million... 

Petra Diamonds focusing on refinancing $250-million loan notes

Having reset its cost base, delivering new life-of-mine (LoM) plans with a smooth capital profile, the focus of Petra Diamonds is very much on refinancing its $250-million loan notes. “We plan to...