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LATEST Mineweb  

Premier mining and commodity investment news

De Beers to explore mining in Angola

7 Dec 2021 /  MacDonald Dzirutwe, Reuters  
Will start discussions to agree upon a mineral investment contract, the company said.

SA mines push industry deaths to 69 so far this year

6 Dec 2021 /  Felix Njini, Bloomberg  
As safety worsens in an industry which has some of the world’s deepest gold and platinum mines.

Tharisa benefits from PGM prices and mining improvements

6 Dec 2021 /  Simon Brown  
The 50% extension to the open-pit mine’s life gives it another 20 years at no additional capital cost, which ‘allows us to transition to underground mining in a phased approach’ – CEO Phoevos Pouroulis.

Drought has gripped every inch of California for almost 7 months

5 Dec 2021 /  Brian K Sullivan, Bloomberg  
Which has strained water resources and added to ongoing wildfire risks.

Global economy can grow if world warms less than 1.5°C, study says

4 Dec 2021 /  Damian Shepherd, Bloomberg  
Most models predict a period in which the world surpasses that mark for several years or decades, before cooling back down to the 1.5°C by 2100.

Glencore boss defends coal business after activist push to exit

3 Dec 2021 /  Thomas Biesheuvel, Bloomberg  
Gary Nagle, said it was in the best interests of both the company and the planet for Glencore to run down the mines over the next 30 years.

Anglo to require vaccinations, as some other corporates move quietly

2 Dec 2021 /  Moneyweb   1
So-called ‘mandates’ are slowly building momentum…

Miner Tharisa annual profit more than doubles

2 Dec 2021 /  Shanima A, Reuters  
Driven by strong production and improved prices of platinum group metals and chrome concentrates.

Gold rebounds as traders weigh Omicron against hawkish Powell

2 Dec 2021 /  Yvonne Yue Li, Bloomberg  
Spot gold advanced 0.4% to $1 781.31 an ounce as of 4:28 p.m. in New York, after falling 0.6% on Tuesday.

DMRE’s petrol price blunder: December hike actually 75c/l

1 Dec 2021 /  Suren Naidoo   3
Department concedes that this is ‘the very first time that such an error has occurred in the history of basic fuel price determination in South Africa.’

Eskom CEO sees end to crisis in shift from coal

1 Dec 2021 /  Alexander Winning, Reuters   2
Towards natural gas and renewables.

Gold rebounds as traders weigh Omicron against hawkish Powell

1 Dec 2021 /  Yvonne Yue Li, Bloomberg  
There are 'polarising views' on gold’s future.

Botswana’s Debswana diamond sales jump 73% in first nine months of 2021

30 Nov 2021 /  Brian Benza, Bloomberg  
On the reopening of US and China's consumer markets.

Competition Commission says no to sale of Sasol’s sodium cyanide assets

30 Nov 2021 /  Akhona Matshoba   2
Due to concerns of substantial price increases which would disadvantage local gold miners.

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  CPIThe Consumer Price Index (CPI) measures monthly changes in prices for a range of consumer products Nov 2021 5.00%
  CPI ex OERThe Consumer Price Index excluding Owners’ Equivalent Rent (CPI ex OER) measures monthly changes in prices for a range of consumer products excluding Owners’ equivalent rent that measures changes in the cost of owner-occupied housing Nov 2021 5.50%
  RepoThe rate at which the Reserve Bank lends money to the country’s commercial banks and set by the Reserve Bank’s Monetary Policy Committee. Dec 2021 3.75%
  Prime lendingThe Prime Lending Rate is the rate of interest that commercial banks will charge their clients when issuing a loan (home loan or vehicle finance) Dec 2021 7.00%

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