Insimbi claims it recovered remarkably well
Johannesburg – Despite the challenges experienced throughout the year as a result of the Covid-19 pandemic, Insimbi Industrial Holdings recovered
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News
India to become world’s largest metallurgical coal importer
Canberra – Department of Industry, Science, Energy and Resources Australia in its Resources and Energy Quarterly March 2021 has highlighted
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Eskom’s Kusile Unit 3 achieves commercial operation
Johannesburg – Eskom has announced that this week Unit 3 of the Kusile Power Station achieved commercial operation status. This
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Steelmaking body deeply concerned over deterioration in steel market conditions
The OECD Steel Committee has expressed deep concern over the deterioration in steel market conditions related to the COVID-19 crisis,
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Quo Vadis Gold 2020-2022
The spot gold price rose to a record $2,063/oz in August 2020, driven by investor demand amidst increased uncertainty and
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MINERALS COUNCIL: The state of the mining nation
In his address Minerals Council President Mxolisi Mgojo outlined the key issues that affected the mining industry in 2020, and
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New Walvis Bay port expansion anchored in steel
A new, high-volume modern cargo handling facility has been built on reclaimed land in Namibia, doubling capacity and transforming international
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World crude steel production increases 4.1% in February 2021
Global crude steel production for the 64 countries reporting to the World Steel Association was 150.2 million tonnes in February
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Steel raw materials: volatility continues to prevail
After sliding by USD 10 per tonne since last Thursday, iron ore prices reversed course on 23 March with benchmark
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Hot rolled coil at record high amid tight supply
Amid tight supply conditions, prices of benchmark HRC are continuing to surge in many parts of the world. Reports suggest
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Economic outlook for crude oil and LNG gas
The outlook for the short term remains uncertain, but with vaccine deployment underway, albeit with some uncertainty as to timing
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ArcelorMittal launches its first XCarb green initiatives
ArcelorMittal has announced the launch of its first three XCarb initiatives, as part of the company’s journey to deliver on
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BHP economic outlook for steel and associated commodities
As in the macroeconomic sphere, the deployment of vaccines in key economies, albeit with some uncertainty as to timing and
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2021 outlook for platinum recycling remains buoyant
This year, the recovery of platinum from spent autocatalysts is forecast to recover most of the losses sustained in 2020,
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Minerals Council on state of the mining in SA
According to Minerals Council’s initial estimates, mining GDP will have declined in nominal terms by nearly 4% in 2020, to
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Chinese coal consumption to go up in 2021
China National Coal Association has reported that China’s coal consumption is expected to continue rising in 2021 despite Beijing’s pledges
Read moreJoint development for green hydrogen production
Alboran Hydrogen and Saipem have signed a Memorandum of Understanding for the joint development and the construction of five plants
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Iron Ore & Coking Coal: Correction or collapse
Pressured by the increased crackdown on polluting steel mills in Tangshan City in Hebei Province, benchmark physical 62% Australian iron
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Exxaro shows increase in profit between 13% and 27%
Exxaro and its directors report that headline earnings for the year ended 31 December 2020 are expected to decrease between
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Platinum demand in Q4-2020, was 18% higher than in Q4-2019
The precious metal deemand in Q4-20, was 18% (+299 koz) higher than in Q4-19. Automotive and jewellery demand reflected the
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Deteriorating Eskom extends load shedding
Eskom informs the public that the implementation of Stage 2 loadshedding will continue until 05:00 on Wednesday as the generation
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Ferrochrome production decreased 11.2% year-on-year
According to Merafe Resources, South African ferrochrome production decreased by 25% year-on-year in 2020. Production was most heavily impacted in
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Eskom irritates the SA economy again!
JOHANNESBURG – poorly run and debt stricken Eskom says Stage 2 loadshedding will be implemented from today until 23:00 Friday
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Kumba iron ore chairman to retire
Dr Mandla Gantsho intends to retire as Chairman of the board to devote more time to his personal business interests.
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BEE and affirmative action drive corruption in SA
Political economist Moeletsi Mbeki, deputy chair of the South African Institute of International Affairs, believes BEE and affirmative action are
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Korean giants to invest $38 bn in hydrogen industry
Local media reported that Hyundai Motor, SK Group, POSCO, Hanwha and Hyosung will invest a total of around 43.4 trillion
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New applications for platinum as a catalyst
In the early decades of the nineteenth century scientist Sir Humphry Davy stumbled upon the phenomenon of heterogeneous catalytic oxidation
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McKinsey, Trillian were to grab R10bn from Eskom
The commission of inquiry into state capture has heard that Global consulting company McKinsey & Company, alongside Trillian Capital, wanted
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NewHydrogen expands green technology research program
SANTA CLARITA, California – Expanded research will include a complete electrolyzer device and a replacement for platinum to lower the
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Titanium industry shows signs of recovery since the pandemic
Following the difficult period experienced in 2020 as a result of the COVID-19 pandemic, the titanium industry is beginning to
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