National Treasury backtracks on plans to raise additional R40 billion
The 2021 Budget shifts numbers across the balance sheet to make it look good. There’s good news and there’s bad
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News
HYDROGEN: Growing market for platinum
It is now estimated that green hydrogen could supply up to 25 per cent of the world’s energy needs and
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Exxaro to dispose of its shareholding in Tronox
PRETORIA – Exxaro Resources has announced that it commenced a public offering in the United States of up to 17
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Glencore on the pathway to net zero
Chief Executive Officer, Ivan Glasenberg, in its Glencore Preliminary Results 2020 says a clear emerging force, particularly over the last
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Demand for aluminium continues increasing at high rates
It’s difficult to believe but only 150 years ago aluminium was considered to be silver from clay and an extremely
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Green hydrogen production accelerates with platinum electrolyser capacity
The World Platinum Investment Council says that green hydrogen has the potential to play a significant role in decarbonising the
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Surge in iron ore price as markets reopen in China
After its New Year Holidays, China’s market reopened on 18 February 2021 with benchmark 62% Australian iron ore fines surging
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President Ramaphosa’s speech at Mining Indaba
Our message to international investors is that we are taking practical measures to build an economy that is underpinned by
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BHP has delivered strong operational performance
BHP reports strong underlying operational performance for the half-year ended 31 December 2020, with record production achieved at Western Australia
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Glencore reports flat performance for 2020
Navigating from recessionary conditions in the first half to a strong price recovery for most commodities in the second, Chief
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ARM doubles earnings due to higher iron ore and PGM prices
African Rainbow Minerals in its trading Statement for the six months ended 31 December 2020 says headline earnings for 1H
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Will Biden terminate Trump’s tariffs on steel and aluminium imports?
Coalition of American Metal Manufacturers & Users Executive Director Mr Paul Nathanson in a letter to US President Joe Biden
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Justice Zondo shocked at ex-Eskom board fabrications
The Zondo Commission has questioned the timing of Tegeta’s demand for a prepayment which coincided with their difficulty to secure
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SEIFSA worries over slow metals and engineering industry recovery
SEIFSA, the Steel and Engineering Industries Federation of Southern Africa has expressed a concern about the slow pace of recovery
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GOLD: Mine production likely to improve in 2021
NEW YORK – Market surveys indicate that most economists expect growth to recover in 2021 from its dismal performance during
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Anglo American copper production increased by 6%
LONDON – In its ‘Production Report for the fourth quarter ended 31 December 2020’ Anglo American reports that the copper
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Manganese demand recovers to feed recovering steel output
In 2020, the manganese ore market experienced another year of significant oversupply, as demand fell by 8%, falling more than
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Eskom implements loadshedding AGAIN!
The pathetic Eskom has done it again! It has implemented Stage 2 loadshedding from 12:00 Friday until 23:00 on Sunday
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De Beers’ first diamond 2021 sales amount to $650 million
Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers’ first sales
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Glencore claims its assets performed well in difficult circumstances
BAAR, Switzerland – Glencore, in its Full Year 2020 Production Report, states that its own sourced copper production of 1,258,100
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Latest steelmaking industry news from Europe
In response to the current level of orders in the long steel sector, voestalpine is now once again operating two
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Anglo American reports strong copper, iron ore and PGM production
LONDON – In its ‘Production Report for the fourth quarter ended 31 December 2020’ Anglo American reports the following highlights:
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Global crude steel output decreases by 0.9% in 2020
Asia produced 1,374.9 Mt of of crude steel in 2020, an increase of 1.5% compared to 2019. China’s crude steel
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What is the responsible sourcing blockchain network
Built on the IBM Blockchain Platform, assured by RCS Global Group and powered by the Linux Foundation’s Hyperledger Fabric, the RSBN blockchain platform
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Eskom failed to repair its promised generation capacity by Sunday
Loadshedding is set to continue as the return to service of some generation units has been delayed, Eskom said in
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Eskom proves once again it’s unable to provide stable electricity
“We are currently LOAD SHEDDING in STAGE 2 due to high demand or urgent maintenance being performed at certain power
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China automobile industry suffers from C-19 impact
The China Passenger Car Association has reported that passenger vehicle sales, referring to cars, MPVs, SUVs and minibus, in China
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Rhodium price hits record high just above $20 000/oz
The “most precious metal” rhodium has seen something of a rollercoaster this year, rising from $6050 an ounce at the start
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SA Government fails country’s economy and its citizens dismally
Government’s first duty is to protect the rights of citizens. Instead, ours has prioritised yet another bailout of R10.5 billion
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Gold and climate change: The energy transition
The ‘Gold and Climate Change: The Energy Transition’ report looks at gold mining’s energy transition and climate impacts over the
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