Yet, the green revolution – despite accounting for less than 5% of global copper demand in 2020 – may throw some surprise punches and boost demand for the red metal and for nickel beyond expected levels, the report states. In fact, CRU’s calculations see global copper consumption from renewables increasing from 700,000 t/y in 2020 […]
“I put us starting in late 2022,” Bullard added, referring to interest-rate projections published Wednesday by the US central bank after a two-day policy meeting. Higher rates dampen demand for non-interest-bearing gold as an alternative asset. Spot gold saw little change on Friday, down 0.1% to $1,770.44 per ounce by 3 p.m. ET. US gold […]
Marin’s Note: We are going to do something different with today’s missive. Today we will allow long time reader and esteemed colleague of ours (who wishes to remain anonymous), Era “the Nature Boy of Finance” Flair, our platform to make his comments. They are well thought out and his angle is worthy of consideration. Dear Marin, […]
[unable to retrieve full-text content]Anglo American has become the first mining company to subscribe to the IUCN’s eBioAtlas.Read MoreMINING.COM
George Bennett: CEO, Rainbow Rare Earths London-listed Rainbow Rare Earths (Rainbow) – which is looking to produce rare earth metals from waste gypsum tailings dumps near Phalaborwa – has published a maiden JORC (Joint Ore Reserves Committee) inferred mineral resource estimate of 38.3Mt at 0.43% TREO (total rare earth oxides). According to CEO George Bennett […]
In December, the Greenland-focused explorer and developer was granted the exploitation licence for Dundas. The license grants Dundas Titanium, a wholly-owned subsidiary of Bluejay, the rights to the ilmenite resource at Dundas and is valid for an initial 30-year period. Ilmenite is considered the most important titanium ore and is the primary source of titanium […]
SERITI Resources cleverly wove a narrative following the conclusion of a coal sales agreement (CSA) with Eskom in which it said the South African power utility had scored a plenitude of benefits from the deal. The CSA was mainstream news last month because Eskom was seen to be agreeing to a doubling in the cost […]
Mark Cutifani, CEO, Anglo American A SURPRISE decision to increase the threshold for unlicenced embedded power in South Africa to 100MW from 10MW demonstrated the country’s government was “up for it”, said Mark Cutifani, CEO of Anglo American. “It doesn’t change our game plan for South Africa, but it gives us confidence that they (the government) […]
AFRICAN Rainbow Capital Investments (ARC), the JSE-listed investor led by mining magnate, Patrice Motsepe, said in an update that the strong rand and additional transport costs could have “a large negative impact on the value of Kropz Elandsfontein”. Elandsfontein is a phosphate development in South Africa’s Western Cape province operated by Kropz, a UK-listed company […]
Workers for BHP’s Escondida and Spence copper mines walked off the job last month after efforts to ink a labor contract deal with the company’s management fell through, fueling uncertainty over the global supply of the red metal. The sprawling Escondida produced 1.19 million tonnes of copper in 2020, while Spence produced 146,700 tonnes of […]
If approved in the coming days, the new collective agreement will be in place for four years. The Steelworkers wanted to see “a fair portion of ArcelorMittal’s astronomical profits.” The points in dispute were salaries, pension plan, insurance, bonuses and a proposed schedule that saw employees working for 14 days, followed by 14 days of […]
To date, multiple miners, refiners, logistics provider and vault operators have tracked gold’s provenance and chain of custody on the blockchain with the Responsible Gold Supply Chain Application. The technology is overlaid with best-in-class ESG standards which provide a framework for the supply chain and its participants, so that its output can be affirmatively declared […]
Altar Central and Altar East contain 13.2 billion lb. copper equivalent at 0.50% copper equivalent in measured and indicated resources. There is another 1.9 billion lb. at 0.47% in the inferred resource. Regulus’ subsidiary, Aldebaran Resources, owns the Rio Grande copper-gold project (pictured) and other earlier-stage assets in the country, including the drill ready Aguas […]
A CORRECTION in platinum group metal (PGM) prices, in which the palladium price fell about 8% during the first three weeks of May, was a result of speculative holders of the metals taking fright amid a shortage of chips crucial to car manufacturing. “We have had this huge volatility recently which is not very surprising given […]
In 2021 so far, lithium prices have experienced a significant rally, as post-covid demand for lithium chemicals recovered alongside the automotive industry. This spike intensified during the first two months of the year as Chinese lithium producers, such as Jiangxi Ganfeng, forecast limited supply due to increased downstream demand ahead of the Chinese Lunar New […]
THE iron ore price rally may be heading for a breather owing to a potential increase in supply from Brazil, said Bloomberg News. Brazilian producers are looking to generate cash and make new investments to supply a tight market underpinned by robust China-led demand, said the newswire citing the country’s mining industry group Ibram. This […]
Andre de Ruyter, CEO, Eskom ESKOM, the South African utility, has given its approval for an increase in the cost of coal from the Ifalethu coal mine to its Duvha power station – a development that will see the sale of South32’s majority stake in South African Energy Coal (SAEC) to Seriti Resources concluded on […]
Vale, the world’s second-largest shipper of the steelmaking ingredient, has surged about 90% in six months. Yet, the stock is fetching less than five times estimated earnings, down from more than six at the start of the year. Midday Thursday, Vale’s stock was down 2% on the NYSE. The company has a $108 billion market […]
As a metal, silver is extremely pliable, elastic, heat resistant, conductive, non-corrosive, non-toxic in low doses, has low contact resistant, doesn’t readily oxidise and has proven antimicrobial and biocide properties. That means it can lend itself to a huge range of applications, some of them literally life-saving. Of particular note are silver nanoparticles (silver NPs), […]
KUMBA Iron Ore was on track to produce the most iron ore in three years following first quarter data published on Thursday. According to a report by RMB Morgan Stanley, production of 10.5 million tons (Mt) of iron ore in the first three months of the year was in line with 2018 first quarter output […]