CEO, Gary Nagle says Glencore generated record profits
Glencore’s Chief Executive Officer, Gary Nagle, commented: “The global pandemic, recovery from it and years of underinvestment, followed by conflict
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News
Sasol delivers a mixed set of results for H2 2022
JOHANNESBURG – Sasol is expected to deliver a mixed set of results for the six months ended 31 December 2022,
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DMRE to overcome load shedding within the next 12 months
CAPE TOWN – Speaking at the Mining Indaba in Cape Town.Mineral Resources and Energy Minister Gwede Mantashe says there are
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Impala Platinum produced 9% less PGM in HY22
Impala Platinum, world’s leading producer of platinum group metals (PGM), has reported that for the half-year ended 31 December 2022
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South32 provides development and exploration update
South32 invested US$96M at Hermosa in the December 2022 half year as it continued critical path dewatering activity and study
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South32 investments in copper and low-C aluminium delivered strong growth
South32 has reported in its quarterly report, ending December 2022, that group copper equivalent production increased by 12% in H1
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First Quantum increases guidance on capital expenditure
First Quantum reports that its capital expenditures have been experiencing inflationary cost increases, including higher shipping rates, steel prices, fuel
Read moreCrowdsourcing initiative to support Eskom’s turnaround
In recent months, Eskom has received an overwhelming response to its call for skilled personnel to come forward to assist
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StatsSA: Mining sector contracts 9% in November as PGM and iron ore production down
Statistics South Africa (StatsSA) has said the domestic mining production decreased by 9.0% year-on-year in November 2022. StatsSA said that
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Rio Tinto increases iron ore and copper production in 2022
MELBOURNE, Australia – Global mining giant Rio Tinto has reported that its Pilbara operations produced 324.1 million tonnes of iron
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Minerals Council SA is dismayed at price increases for ESKOM
JOHANNESBURG – The Minerals Council South Africa notes with dismay the above- inflation electricity tariff increases granted to Eskom, which
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Rio Tinto increases iron ore and copper production in 2022
Mining giant Rio Tinto reported on Monday that its Pilbara operations produced 324.1 million tonnes of iron ore (100% basis)
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First Quantum announces 2022 production and 2023-2025 Guidance
TORONTO – First Quantum Minerals announces preliminary production for the three months (“Q4”) and year ended December 31, 2022 and
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November 2022 crude steel production
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 139.1 million tonnes (Mt)
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AA builds operational momentum for next phase of value-driven growth
Anglo American is providing an update on its performance during 2022 and capital expenditure and production guidance for the next
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Transnet and Minerals Council set up structures to stabilise Transnet
Johannesburg – The Transnet SOC Board and Minerals Council South Africa Office Bearers have agreed to establish joint collaborative structures
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Moody’s Upgrades Barrick to A3 with Stable Outlook
TORONTO — Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced that Moody’s Investors Service (“Moody’s”) has upgraded the senior unsecured ratings of Barrick and
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Platinum bar and coin demand poised to grow significantly
Platinum bar and coin demand is expected to jump 49 per cent in 2023, reaching a three-year high of 507
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SA mining sector contracts 10.4% in October as gold and PGM production lower
According to Statistics South Africa (StatsSA), the domestic mining production decreased by 10.4% year-on-year in October 2022. StatsSA said that
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Glencore reaches agreement with the DRC over corruption
Glencore has reached an agreement with the Democratic Republic of Congo (“DRC”) covering all present and future claims arising from
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Rio Tinto progresses strategy to strengthen, decarbonise and grow
LONDON – Rio Tinto is today providing an update at its Investor Seminar on progress against its long-term strategy to
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Platinum surplus forecast for 2022 revised downwards to 804 koz
The thirty-third Platinum Quarterly data set examines activity in the third quarter of 2022. It also includes an updated forecast for 2022 and a first forecast
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Anglo American sources 100% renewable electricity for Oz operations
Anglo American has sourced the supply of 100% renewable electricity for its operations in Australia from 2025, agreeing terms for
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Rio Tinto, BHP and Fortescue launch pilot program to create safer workplaces
PERTH, Australia – Rio Tinto, BHP and Fortescue are launching an innovative pilot program aimed at helping to eliminate disrespectful
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Should Russia’s gold pay for Ukraine’s war damages?
Kremlin spokesman Dmitry Peskov said Western countries used sanctions to steal its gold and foreign exchange reserves to transfer them
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Glencore blames war, weather and industrial action for changed guidance
Operational performance over the third quarter was impacted by a range of events including extreme weather in Australia, industrial action at
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Glencore Energy is fined for bribes by UK Serious Fraud Office
Glencore Energy UK Limited will pay a financial penalty and costs of £280,965,092.95 in respect of the previously announced resolution of the UK
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BHP delivers safe and reliable operational performance Q 9/2022
BHP Group continued to deliver safe and reliable operational performance during the quarter. All production and unit cost guidance remains
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Gemfields: Neighbouring ruby mine attacked, MRM evacuation plan initiated
LONDON – Following an update on 30 August 2022, in which Gemfields announced increased vigilance regarding the Cabo Delgado insurgency,
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The UK energy crisis: How prices became so high
According to government reports Britain’s new prime minister Liz Truss is planning to freeze household energy bills at broadly the
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