Latest News & Industry Updates
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Aluminium price surge will depend on length of Strait of Hormuz disruption, Goldman Sachs says
Goldman Sachs said Monday the biggest risks to aluminium stem from potential disruptions to export routes and access to raw materials through the Strait of Hormuz, noting that the effect on prices should be limited if shipping disruptions are short.
Read article →South Africa strengthens workforce readiness
South Africa is targeting a R$2 trillion ($176.41 million) investment over the next five years to upskill its workforce that drives operational efficiency and strengthens investor confidence, positioning the country as a globally competitive hub for critical minerals investment
Read article →Lithium producer SQM sees global demand growing 25% this year
Top lithium producer SQM said it sees world demand for the battery metal growing about 25% this year, after reporting record quarterly sales volume as the industry emerges from a global glut.
Read article →Aluminum jumps as Middle East war threatens supply disruptions
Aluminum climbed on concerns that critical supply routes for Middle Eastern producers will be disrupted by conflict in a region responsible for a significant share of global output.
Read article →Global mining giant pumps R7.6 billion into important South African town
Rio Tinto approved a $473 million (R7.6 billion) mine expansion at its Richards Bay Minerals unit, ending a prolonged suspension of the South African project.
Read article →South African mining giant completes deals worth R10.6 billion
Exxaro has completed the acquisition of select manganese assets from Ntsimbintle Holdings and OMH, diversifying its resource mix.
Read article →Criminal industry worth R60 billion in South Africa
Over the past few years, South Africa’s illegal mining industry has become a persistent and deepening crisis.
Read article →Mining’s future in Africa is in networks that include SMEs
The lesson learned from the recently concluded Mining Indaba in Cape Town is that mining is back with a vengeance, and the future has seldom looked brighter.
Read article →South Africa can learn from Finland’s beneficiation model – Minerals Council
One of the countries South Africa can learn from when it comes to beneficiation is Finland, Minerals Council South Africa acting chief economist Bongani Motsa outlined on the third day of the Investing in African Mining Indaba earlier this month.
Read article →Details of Eskom’s eleventh-hour 62c/kWh offer to ferrochrome smelters to be provided in Nersa submission
Eskom announced on Friday that it had extended an eleventh-hour 62c/kWh tariff offer to ferrochrome producers Glencore‑Merafe Chrome Venture and Samancor, but indicated that negotiations on the precise terms and conditions still needed to be finalised before the package could be submitted for regulatory approval.
Read article →Prominent South African mining company applies for liquidation
Ekapa Mine in Kimberley has applied for liquidation after being unable to meet its financial obligations following the mud rush that trapped five workers a week ago.
Read article →Mineral price gains boost tax collections and reinforce mining’s economic role
The Minerals Council South Africa notes that the National Budget presented by Finance Minister Enoch Godongwana on Wednesday was delivered on the back of key milestones achieved for the South African economy.
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