Martin Creamer

Retiring Glasenberg handing over Glencore reins to Gary Nagle

4th December 2020 Glencore CEO Ivan Glasenberg announced on Friday that he would be handing over the reins of the global mining and marketing company in mid-2021 to top Glencore executive Gary Nagle, who has served the company for more than two decades and is well-known in South Africa, where he ran Glencore’s... →

Glencore spells out emission-reduction pathway to 2050

4th December 2020 Diversified mining and marketing company Glencore on Friday announced its ambition to be a net-zero emissions company by 2050. Glencore set out the pathway towards reducing its total emissions footprint by 40% by 2035, taking in Scope 1, 2 and 3. →

Chrome producers want ferrochrome solutions that exclude export tax

4th December 2020 South Africa’s non-integrated chrome ore exporters want to discuss ways of solving the existential threat to South Africa’s struggling ferrochrome industry to avoid the need for a tax being imposed on the export of locally mined chrome ore. But steadfastly in favour of a chrome ore export tax are... →

Iridium breakthrough a boost for green hydrogen economy, PGMs mining

4th December 2020 The amount of iridium required to electrolyse green hydrogen has been drastically reduced, a breakthrough that is a significant boost for the upcoming green hydrogen economy as well as South African platinum group metals (PGMs) mining. Heraeus Precious Metals has achieved a material thrifting... →

Platinum investment demand rockets on risk and hydrogen – WPIC

4th December 2020 Platinum investment demand rocketed 291% in the three months to September 30, World Platinum Investment Council (WPIC) reported on Wednesday, when it forecast a third consecutive annual platinum deficit next year on an initial projected 2021 deficit of 224 000 oz. The high third-quarter (Q3)... →

South Africans must focus unflinchingly on creating economic growth and jobs

4th December 2020 The focus has got to be unflinching. We South Africans must not allow ourselves to be diverted away from creating economic growth and jobs. Heaven knows how huge many of our problems are; some of them can only be described as being frighteningly colossal. But each and every one of them can be... →

Glencore, China’s GEM extend strategic cobalt partnership

3rd December 2020 Diversified mining and marketing company Glencore has extended its partnership with GEM of China for the supply of cobalt hydroxide by another five years. Both companies have also formally embedded responsible sourcing and sustainability into the contractual relationship. →

Copper bull market now fully under way – Goldman Sachs

2nd December 2020 The bull market for copper is now fully under way with prices reaching their highest level since 2017, Goldman Sachs International commodities research analysts reported on December 1. Also on December 1, Mining.com reported that the copper price was trading at its highest since March 2013 on... →

Hydrogen investment by PGMs-linked fund bodes well for South Africa

1st December 2020 A new investment in hydrogen, made by the sustainability-focused AP Ventures, bodes well for South Africa. AP Ventures, an independent venture capital fund that invests in early-stage companies that use platinum group metals (PGMs), has invested €5-million equity in HPNow, which has introduced a... →

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