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New law would allow Uganda to take stakes in private mining

By: Reuters     14th April 2021 Uganda's cabinet has approved a draft mining law that would allow the government to own shares in private mining operations and impose steep penalties for violations in the sector, including prison terms of up to seven years. The draft law mirrors others in the region, including in Tanzania,... 

Mining output up by 0.8% y/y in February

By: Simone Liedtke     13th April 2021 Total mining output (not seasonally adjusted) unexpectedly grew by 0.8% year-on-year in February after having contracted sharply by a downwardly revised 8.4% year-on-year in January. Nongold mining production grew by 2.4% year-on-year following a contraction of 7.8% year-on-year in January,... 

Investors oppose Rio Tinto pay report over rock shelter outrage

By: Reuters     9th April 2021 Shareholders, including Norges Bank and the Local Authority Pension Fund Forum (LAPFF), said they voted against Rio Tinto's remuneration report at its London annual meeting (AGM) on Friday. Rio Tinto in September dismissed former chief executive Jean-Sebastien Jacques and two deputies in... 

China to 'strengthen management' of strategic mineral resources, eyes green upgrade of steel

By: Reuters     5th March 2021 China will "strengthen management and control" of its strategic mineral resources, the government said on Friday as it set out a five-year development plan, without providing any details on how it plans to secure key supplies and boost self-sufficiency. China, the world's top metals consumer,... 

On-The-Air (05/03/2021) 

By: Martin Creamer     5th March 2021 Dr Patrice Motsepe’s African Rainbow Minerals is going ahead with an exciting new R5.7-billion platinum mining project. Anglo American’s Kumba Iron Ore is going ahead with an innovative new R3.6-billion iron-ore project in the Northern Cape. Our mining industry is so desperate for mineral... 

Swimming in cash, Rio boss backs controlled risks to build miner

By: Bloomberg     19th February 2021 Rio Tinto Group’s new boss said it’s time for the miner to stop being so risk averse about building its business, but that doesn’t mean big deals are imminent. Rio has been generating super-charged profits in recent years from its giant iron-ore operations and has funneled the majority of that... 

Healthy PGM-derived dividends ahead, capital investments to be limited – RMB

By: Donna Slater     8th February 2021 The financial results of platinum group metals (PGM) and iron-ore miners, which are due to be published in the month ahead, are expected to reveal healthy dividends for shareholders and a strong rise in taxes paid to the fiscus, but little in the way of capital investment in South Africa,... 

Want a fuel cell, you need platinum – analysts 

By: Martin Creamer     18th January 2021 If you want a fuel cell, you need platinum, is one of the multiplicity of points Bernstein investment company makes in a major work just released, which shows growing and ongoing demand for platinum group metals (PGMs) and provides ample reason why metals and mining matter more than ever. In the... 

Copper tops $8 000 as Goldman points to commodities super-cycle

By: Bloomberg     18th December 2020 Copper topped $8 000 a ton for the first time in more than seven years, with Goldman Sachs Group and BlackRock pointing to the start of a new long-term bull market as supply lags an expected demand boom. The market is witnessing the sharpest rally in more than a decade, with China’s appetite for... 

Geraldton port gets export boost

By: Esmarie Iannucci     17th December 2020 An additional two-million tonnes of exports have been secured for the Geraldton port over the next two years, after the Mid West Ports Authority, has signed port services agreements with three resources companies set to export from Geraldton for the first time. Fenix Resources will export... 

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