Newmont updates 2022 outlook due to impacts on gold production
Newmont is providing updated 2022 outlook due to impacts on gold production estimates in the first half of the year,
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News
World may soon be teetering on the edge of a global recession, IMF
The International Monetary Fund has a severe recession warning as it forecasts slower growth for this year and next, according
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GLENCORE: mixed results for half-year 2022
In Glencore’s Half-Year Production Report 2022, Chief Executive Officer, Gary Nagle wrote: “Overall production was mixed period-over-period (5 commodities up
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Anglo American Platinum confident in achieving full-year guidance
Looking at the remainder of the year, inflationary pressures will continue to have an impact on mining inputs, as well
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Anglo American: copper production down 21% due to lower grades and water shortages
Anglo American, a leading global mining company, reported Thursday that its Q2 2022 copper production decreased by 21% y-o-y to
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Rio Tinto strengthens operational performance across its portfolio
MELBOURNE, Australia – Q2 2022 operational highlights and other key announcements were brifed in Rio Tinto Chief Executive Jakob Stausholm’s
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The US, EU and China should recognise their critical mineral status
Earlier this year, the United States Geological Survey (USGS), the science agency for the United States (US) government’s Department of
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Tailings challenge: Advancing tailings re-processing solution BHP
Auxilium Technology Group (ATG), a startup connected to the University of Arizona, in collaboration with Metso Outotec, is one of
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Demand for Russian metals remains robust despite sanctions
Russia produces typically 3% to 6% of global metals supply and significantly more of the world’s palladium and high-quality iron-ore
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Inflation at 5-year high – and worse is to come, warn economists
Consumer inflation has hit its highest level in five years, at 6.5% – but it can still get worse, economists
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EU to ban Russian coal from August 2022, followed by ban on oil products
The war in Ukraine is transforming energy and commodity markets. Oil prices are constantly above US$100/bbl and diesel has been
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Glencore expects more normal commodity market conditions
Glencore industrial coal portfolio produces various quality specifications in three countries, destined primarily for seaborne thermal markets, but also for
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Sibanye strike: Mantashe’s tyrany, irrationality or pure incompetence?
Gwede Mantashe’s unlawful attempt at coercion fails the test of the Rule of Law.In purported compliance with section 47 of
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Glencore reaches coordinated resolutions with US, UK and Brazilian authorities
Glencore has resolved the previously disclosed investigations by authorities in the United States, the United Kingdom and Brazil into past
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Platinum surplus due to residual pandemic effects and Ukraine war
Total platinum demand fell 10% (-168 koz) quarter-on-quarter in Q1’22, with strong automotive demand offset by an expected decline in
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South Africa’s mine production value exceeds R1 trillion for the first time
Johannesburg – South Africa’s mineral production achieved record values in 2021, exceeding R1 trillion for the first time, buoyed by
Read moreSibanye-Stillwater: US PGM and recycling operations
Sibanye-Stillwater has reported that its US PGM operations remained constrained by the Mine Safety and Health Administration (MSHA) section 103(k)
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Multiple loss-of-life incident at Kusasalethu gold mine
Johannesburg – Harmony Gold Mining Company has reported that four of its employees have tragically lost their lives following an
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Government wants ban on scrap metal export to save railways, Eskom
South Africa’s Public Enterprises Minister Pravin Gordhan has called for the export of scrap metal to be banned. This would
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Azovstal no longer produces steel, nests last Mariupol resistance
Mariupol’s Azovstal Iron and Steel Works has always played a dominant role in the port city’s economy but it became
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Ukraine’s economy to shrink by almost half this year due to war
The World Bank forecasts Russia’s invasion will cause more economic damage across eastern Europe and parts of Asia than the
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President Biden bans the import of Russian oil
President Biden has signed an Executive Order (E.O.) to ban the import of Russian oil, liquefied natural gas, and coal
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RePowerEU plan to cut Europe’s energy dependency on Russian gas
Ambitious European net zero targets, cutting dependency on Russian fossil fuel, regulatory change and growing investor confidence will unlock 42
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New sanctions on ‘barbaric’ Russia include a ban on importing coal
EU Commission President Ursula von der Leyen new sanctions on Russia – including a ban on importing coal, vodka and
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Is Putin’s war the fossil war?
Burning oil, gas and coal is causing warming and impacts we need to adapt to. And Russia sells these resources
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Rio Tinto spent $13.3 billion of taxes and royalties in 2021
MELBOURNE, Australia – Rio Tinto has released its 2021 tax contribution report, which details $13.3 billion of global taxes and
Read moreFerroflame LowNOx burner for travelling grate pelletizing plants
Metso Outotec is launching the innovative Ferroflame LowNOx burner for travelling grate pelletizing plants to enable pellet plant operators to
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SA manufacturing grew by 6.62% in 2021 against 12.3% contraction in 2020
JOHANNESBURG – Gross Domestic Product (GDP) figures released by Statistics South Africa last week, show that the South African economy
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Economic reform is critical for economy’s sustainable growth path
Johannesburg – Gross Domestic Product (GDP) figures released by Statistics South Africa today, show that the South African economy grew
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Glencore’s highlights its metals and minerals marketing activities
Commodity markets generally performed well throughout the year, bolstered by a widespread economic recovery, following the pandemic’s severe economic impacts
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