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Mining Weekly News

An image of Ivanhoe founder and executive co-chairperson Robert Friedland
Ivanhoe completes Phase 3 concentrator construction at DRC copper complex
14th June 2024 By: Tasneem Bulbulia

TSX-listed Ivanhoe Mines announced that, on May 26, first ore was fed into the Phase 3 concentrator at the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC). First ore marks the... 


Valuable use of ruthenium being researched.
Ruthenium highlighted again in what could be another big boost for platinum group metals
14th June 2024 By: Martin Creamer

Ruthenium, one of the six platinum-group metals (PGMs), is once again being given major research attention in view of it being exceptionally suited to uplifting the efficiency and sustainability of... 


Hugo Pienaar.
Green hydrogen must be cheap enough to decarbonise optimally, Junior Indaba hears
14th June 2024 By: Martin Creamer

Green hydrogen must be made cheap enough to decarbonise optimally at a time when the delay in emission reduction needs to be reversed if the world is to hit net zero by 2050. A range of factors... 


vanadium crystals
Mokopane takeover sanctioned
14th June 2024 By: Marleny Arnoldi

The Competition Commission has approved the acquisition by Southern Point Resources (SPR) Fund I of Mokopane, the holding company for a mining right in South Africa’s Limpopo province. SPR Fund I... 


Billions in African gold smuggled to UAE every year – SwissAid
14th June 2024 By: Bloomberg

Billions of dollars of gold is smuggled out of Africa every year, with the vast majority exported to the United Arab Emirates for processing, according to a report by SwissAid. Using data on... 


Lucapa chairperson Stuart Brown is a former De Beers CFO and interim CEO.
Angola a foremost diamond exploration target
14th June 2024 By: Mariaan Webb

Australia-based diamond miner Lucapa’s newly appointed chairperson, Stuart Brown,has hailed Angola as foremost diamond exploration target on the world stage. In an address to shareholders on... 


Menar MD Vuslat Bayoğlu
Menar advancing on the manganese front
7th June 2024 By: Martin Creamer

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... 


From left, Kudakwashe Maramba, George Roach, Ntsiki Adonisi, Louis Nel, Jaco Prinsloo, Bernard Swanepoel.
Manganese value-add opportunity reiterated at Junior Indaba
7th June 2024 By: Martin Creamer

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... 


Malan Scholes director Hulmes Scholes
ESG just a new way of reporting on what mining companies have been doing for years – lawyer
7th June 2024 By: Darren Parker

When considering the challenges involved in junior mining companies living up to increasingly stringent environmental, social and governance (ESG) requirements and reporting standards, mining and... 


Hive Hydrogen South Africa chairperson Thulani Gcabashe
South Africa’s R105bn green hydrogen project to be energised by hot De Aar sunshine
7th June 2024 By: Martin Creamer

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... 


A stack of gold bars
Zimbabwe to start gold-tracing system in bid to curb smuggling
7th June 2024 By: Bloomberg

Zimbabwe’s sole authorized buyer of gold will introduce a system that traces supply of the metal from mines to the market in a bid to stop smuggling. Fidelity Gold Refinery’s initiative will start... 


Manganese Metal Co chairperson Bernard Swanepoel
Fantastic advance by Proudly South African manganese battery metal first-mover
31st May 2024 By: Martin Creamer

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... 


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 energy presenting South Africa with massive reindustrialisation chance – Nedbank
31st May 2024 By: Martin Creamer

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... 


lithium ore
Zimbabwe leading sub-Saharan African lithium mining boom
31st May 2024 By: Darren Parker

The past three years have witnessed a surge in hard-rock pegmatite lithium mining activity across Southern Africa, according to consultancy firm AmaranthCX. “While Zimbabwe has emerged as the... 


platinum ingots
PGMs to face continued supply constraints, low prices – report
31st May 2024 By: Darren Parker

Precious metals consultancy Metals Focus’ new ‘Platinum Group Metals (PGM) Focus 2024’ report, which offers a comprehensive analysis of the PGM industry, indicates that the rest of the year will be... 


US President Joe Biden
US tariffs on minerals leave out markets dominated by China
31st May 2024 By: Bloomberg

President Joe Biden just unveiled sweeping tariffs on a range of Chinese imports, including more than two dozen industrial raw materials. But the administration is being careful to avoid the... 


Anglo American CE Duncan Wanblad
All-round value unlock targeted in proposed demerging of Anglo Platinum and De Beers
31st May 2024 By: Martin Creamer

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... 


Copper 360 CEO Jan Nelson.
Copper 360’s underground copper mine set to open three months ahead of schedule
24th May 2024 By: Martin Creamer

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... 


AP Ventures Co-Founding Partner Kevin Eggers
Hydrogen’s ‘irreplaceable’ role highlighted by platinum-linked venture capital provider
24th May 2024 By: Martin Creamer

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... 


Gold Fields CEO Mike Fraser
South Deep wind power decision drawing closer, second-quarter update likely on backfill problem
24th May 2024 By: Martin Creamer

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.... 


Condra clinches second maintenance crane order from Sappi’s Saiccor Mill
24th May 2024 By: Natasha Odendaal

Crane manufacturer Condra Cranes is manufacturing a second maintenance crane for turbine maintenance duty at Sappi’s Saiccor Mill, in Umkomaas, KwaZulu-Natal. This followed an order last year, and... 


Harmony's Mponeng gold mine.
Miner ups full-year output and grades, lowers cost and capital guidance
17th May 2024 By: Martin Creamer

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... 


World Platinum CEO Trevor Raymond at Shanghai Platinum Week 2023.
Shanghai Platinum Week: Hydrogen’s going to feature big, says World Platinum Investment Council
17th May 2024 By: Martin Creamer

The growth in demand for platinum applications in China is extremely high, making detailed access to the China market hugely advantageous. Providing this detailed access from July 8 to 11 will be... 


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 highlights discovery and development as critical to value growth in mining
17th May 2024 By: Martin Creamer

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... 


Minerals Council South Africa CEO Mzila Mthenjane.
How 30 years of democracy has transformed South Africa’s mining industry
10th May 2024 By: Martin Creamer

South Africa’s 30 years of democracy has changed the character of this country’s mining industry profoundly, Minerals Council South Africa emphasised in a report that highlights the industry’s... 


Copper 360 CEO Jan Nelson.
Copper 360 ships concentrate, on course to pay first dividend next year
10th May 2024 By: Martin Creamer

South Africa's rapidly advancing copper producer Copper 360 has shipped copper concentrate from the Northern Cape province for the first time in 21 years, which saw its shares rise by more than 26%... 


Orion Minerals CEO Errol Smart.
Standout copper intercept in Northern Cape sends Orion’s shares soaring on Australian exchange
10th May 2024 By: Martin Creamer

The richness of South Africa’s copper assets were emphasised on Monday when Northern Cape mine developer and explorer Orion Minerals published a standout intercept that sent its shares rocketing up... 


Jonsson L 550 large mobile cone crusher
Pilot Crushtec introduces Swedish brand of large-scale crushers in Southern Africa
10th May 2024 By: Marleny Arnoldi

Local mobile and semi-mobile crushing and screening equipment provider Pilot Crushtec has expanded its product lineup to the Southern African mining market with the addition of Swedish brand... 


Hypervine launches satellite survey service
10th May 2024 By: Natasha Odendaal

Satellite imagery and data analytics specialist and greentech business Hypervine has launched a new unlimited satellite surveys service. The Glasgow-headquartered group aims to provide... 


Zimplats CEO Alexander Mhembere
Zimplats to become cash generative in next financial year despite challenging environment, CEO says
3rd May 2024 By: Darren Parker

Platinum group metals (PGMs) miner Zimplats CEO Alexander Mhembere is confident about the company’s ability to become cash-generative in the next financial year, which starts in July, despite the... 


The Oyu Tolgoi copper mine in Mongolia
Building copper mines better than buying – Rio Tinto
3rd May 2024 By: Bloomberg

Rio Tinto Group’s copper head says he sees much more value in building mines rather than buying existing assets — comments that may disappoint industry observers anticipating another spate of... 


Citi sees gold hitting $3 000 as investor inflows juice rally
Citi sees gold hitting $3 000 as investor inflows juice rally
3rd May 2024 By: Bloomberg

Gold is set to reach $3 000 an ounce over the next six to 18 months on increasing investor inflows amid expectations that the Federal Reserve will eventually cut interest rates, Citigroup said,... 


Ministerial Advisor and Presidency Green Hydrogen Lead Masopha Moshoeshoe.
South Africa well placed to benefit from huge green hydrogen outlook, attendees hear
3rd May 2024 By: Martin Creamer

Green hydrogen has a massive potential future and South Africa is very well positioned to produce it, attendees of the Hydrogen Economy Discussion heard on Thursday. Most of the 90-million tonnes... 


Strong consensus that markets need to be developed for platinum group metals.
Joint PGM market development has paid dividends, could pay many more, Platinum Day told
3rd May 2024 By: Martin Creamer

The market development aspect of the platinum group metals (PGM) industry is fundamentally key, it was repeatedly stated at last week’s 2024 Resources for Africa Platinum Day. There is strong... 


Palladium bar
Investors prioritising PGM miners able to generate free cash flow, reduce costs in current low-price environment
3rd May 2024 By: Marleny Arnoldi

With the platinum group metals (PGM) basket price remaining at low levels, particularly with platinum pricing at about $935/oz currently, investors are looking at how mining companies are able to... 


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