Higher commodity prices drive Glencore profits to $8.7 billion
Industrial Adjusted EBITDA of $6.6 billion (H1 2020: $2.6 billion) reflects a significantly improved Adjusted EBITDA mining margin of 38%
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News
Uptick in capacity utilisation in the manufacturing sector
JOHANNESBURG – The improvement in manufacturing sector capacity utilisation even as South African remains under lockdown is encouraging, the Steel and
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SA needs meaningful reform not reshuffling deckchairs
The latest buzz in structural reform-hungry South Africa is that President Ramaphosa is planning a Cabinet reshuffle. While well and
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Barrick Gold responds to potentially misleading Reuters report
A Reuters article headlined “Cyber attack disrupts major South African port operations” includes the following statement: “Most of the copper
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Kumba production increased by 12%, while sales increased by 3%,
In its production and sales report for the six months ended 30 June 2021, Kumba says total production increased by
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Anglo American delivers solid operational performance for Q2 2021
Anglo American has delivered a solid operational performance supported by comprehensive Covid-19 measures to help safeguard the lives and livelihoods
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SA mining industry safety record deteriorates in 2020
The Minerals Council South Africa reported 60 fatalities in 2020 compared with 51 a year earlier when the mining industry
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Harmony Gold: Fatality at Tshepong South
JOHANNESBURG – Harmony Gold Mining Company has advised that an employee was fatally injured Thursday morning, following a mine-related incident
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Gemfields assembles ‘The G-Factor for Natural Resources’
LONDON – Gemfields has invited collaboration, input and support from governance bodies, mining organisations, industry observers and host governments in
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SA’s largest refinery shuts down temporarily amid looting
DURBAN – The Sapref oil refinery that accounts for more than a third of the country’s fuel supply has declared
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Namibia’s 2021 Mining Expo cancelled amid Covid-19 fears
The 2021 Mining Expo will no longer be taking place from 1 to 2 September 2021, in a physical or
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UK to end coal-fired power by October 2024
The United Kingdom will end its use of coal-fired power by October 2024, a year earlier than scheduled, as it
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Second major train derailment on the coal line – a cause for concern
JOHANNESBURG – On Saturday the 3rdof July 2021 at 12:26pm, a loaded export coal train with 208 wagons derailed at
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Independent Ports Authority – a step in the right direction
President Ramaphosa recently announced that the Transnet National Ports Authority will become an independent subsidiary of Transnet, and will be
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ZUMA IN JAIL: Justice served, at last!
Jacob Zuma surrendered himself to police less than an hour before midnight on Wednesday after a night of high drama
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Glencore appoints new chairman
BAAR, Switzerland – The board of Glencore has announced that Tony Hayward will retire as Chairman and Kalidas Madhavpeddi will
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Mining code for manganese nodules in the deep sea
John Mero, a mining engineer from the University of California, Berkeley, became one of the first proponents of deep-sea mining
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Orbital Sidekick Aurora satellite to help mining sector
Orbital Sidekick announced that with the upcoming launch of its newest and most powerful hyperspectral imaging satellite Aurora will help
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Zuma goes to jail: Hope returns to South Africa
South Africa breathes a sigh of relief as Former President Jacob Zuma has 5 days to hand himself over to
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DFFE refuses Karpowership environmental impact assessments applications
The DFFE (Department of Forestry, Fisheries and the Environment) has announced that the Turkish-led Karpowership SA consortium was denied the
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Chromium market to rebound back above 2019 levels
The COVID-19 pandemic saw varying regional impacts across the chromium supply chain, but the recovery trend has been underpinned by recovering
Read moreSaudi Arabia to auction mining rights for gold, copper and zinc
Saudi Arabia plans to auction two major mining licenses in 2022 for commodities including gold, copper and zinc, as the
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Providing necessary momentum to improve SA’s port infrastructure
As the world hopefully heads out of the COVID-19 lockdowns, trade and the shipping of more goods should continue to
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Exxaro: SA Scale Ratings raised by Standard & Poor’s rating services
Exxaro Resources has given notice that Standard and Poor’s (S&P) has on 14 June 2021 raised Exxaro’s National Scale Rating
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FMF applauds government on new threshold to produce electricity
Johannesburg – The Free Market Foundation (FMF) welcomes the decision by President Cyril Ramaphosa’s Cabinet to lift the threshold for
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Hydro sells its rolling business, strengthen its low-carbon aluminium
Hydro has completed the sale of its rolling business area. Going forward, Hydro will strengthen its position in low-carbon aluminium,
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Corrupt officials must go, including Minister of Health Zweli Mkhize
The DA shadow minister for health, Siviwe Gwarube, has laid criminal charges against Minister of Health Zweli Mkhize and health
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Platinum: Fuel cell trucks will go the distance
Organisations across the value chain are working to reduce technological barriers and improve the viability of vehicles with fuel cell
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Banks form the climate-aligned finance group to decarbonize steel
Several top lenders to the steel sector Citi, Goldman Sachs, ING, Societe Generale, Standard Chartered, and UniCredit have come together
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McKinsey pays back the money it received from dodgy contract
In 2017, as part of the #GuptaLeaks, amaBhungane and the investigative unit Scorpio, delved deep into what became known as
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