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MiningWeekly.com provides real time news reportage through originated written & video material. Now you can listen to the top three articles on Mining Weekly at the end of each day.

  1. hace 35 min

    Exxaro displays major wind, solar achievement without shrinking coal

    This audio is brought to you by Endress and Hauser, a global leader in process and laboratory measurement technology, offering a broad portfolio of instruments, solutions and services for industrial process measurement and automation. Impressive renewable-energy advances were graphically displayed by coal major Exxaro during its Capital Day on Monday, June 22. The first was a wind turbine involving 600 m3 of concrete in a 25 m excavation, elevated by a 15 t steel centre on a 60 t steel base, and the second a huge solar plant supplying green electrons. (Also watch attached Creamer Media video.) "So, there's 76 t of steel in there to anchor a wind turbine," Exxaro CEO Ben Magara reported on the Kareebosch wind development before turning to the supply of 68 MW of solar power at the Johannesburg Stock Exchange-listed company's Lephalale coal hub. Exxaro is reducing its carbon intensity through what is described as an "accelerated and workable decarbonisation road map". In the past year, Exxaro has doubled its renewable-energy business and concluded its manganese transaction, amid the company's commitment to carbon neutrality by 2050 remaining unchanged. "We're unwavering at making sure we're carbon neutral by 2050," an adamant Magara told the event covered by Mining Weekly. Exxaro's last Capital Markets Day was hosted five years ago in 2021, when Exxaro was positioned for its low-carbon future. As the world adopts a more pragmatic approach to energy security, Exxaro's own long-life coal assets remain critical in supporting global and domestic energy needs, and generating cash flows to invest in future-facing metals growth. This is envisaged against the expectation that the global runway for coal will likely extend beyond 2050. "The world today is materially different from the one we faced in 2021. Globally, we're seeing increasing geopolitical fragmentation and trade realignment," Magara noted. "Our renewable business represents an important growth platform, providing increased exposure to stable, predictable, and inflation-linked earnings, while supporting South Africa's transition to a low-carbon economy. "We also have equity accounted investments in iron-ore and zinc. The addition of manganese and the growth of our renewable-energy business strengthen the diversification of our portfolio. "Looking ahead to 2030, we expect energy and our future-facing metals to contribute more than half of the total group earnings, not by shrinking coal, but by growing others. So, importantly, coal stays the foundation of our portfolio, generating the cash flows required to fund the growth," Magara explained. November 2026 will be the twentieth anniversary of Exxaro's JSE-listing in November 2006. Current market capitalisation is R75-billion compared with R51-billion at the start of last year and R20-billion at the time of listing. Figures displayed showed a business that supports more than 20 500 employees, including contractors. More than R200-billion of stakeholder value has been created since listing with more than R85-billion rands in dividend distribution. "As energy and metals grow, we'll contribute a larger share of earnings from manganese and energy, including the iron-ore assets, to enhance that diversification and drive the resilience of our earnings, most importantly reducing the carbon intensity of our earnings profile. That's the aim for this diversification programme. "This shift reflects growth in these businesses rather than a decline in coal, and we expect coal to remain a significant contributor to the portfolio, even as its share of earnings decreases over time," Magara outlined. In time, renewable energy and future-facing metals are expected to contribute more than half of the total group earnings.

    4 min

  2. hace 4 h

    Vale board resists shareholder Previ's bid to oust chairperson

    This audio is brought to you by Endress and Hauser, a global leader in process and laboratory measurement technology, offering a broad portfolio of instruments, solutions and services for industrial process measurement and automation. Boardmembers of Vale, the world's top iron-ore producer, voted against a proposal by one of the company's largest shareholders to remove Daniel André Stieler as chairperson, according to people familiar with the matter. While the proposal will still go to a shareholder vote, the board decision could influence the recommendations of proxy advisory firms and institutional investors who will participate in the process. The chairperson's mandate is set to expire in April 2027 if he's not removed early. Investor Previ, which has a 7% stake in Vale, asked on June 11 for an extraordinary meeting to vote on the removal of Stieler, who's been in the position since April 2023. The demand followed a shakeup of leadership at Previ, Brazil's largest pension fund, which manages retirement savings for employees of State-controlled lender Banco do Brasil. The majority of directors saw the reasons Previ presented for the dismissal as insufficient, said two of the people familiar with the matter, who asked not to be identified discussing private information. Vale declined to comment. The extraordinary shareholder meeting is scheduled for July 22. If approved there, Previ's proposal would pave the way for separate votes to elect a new boardmember for the remainder of the term ending in 2027 and a new chairperson. That scenario would trigger a contest between Previ's candidates and alternative names supported by the majority of the current board. Previ is backing the election of independent board director Manuel Lino Oliveira as chairman, according to a statement. Known as Ollie, he has more than 45 years' experience in corporate finance and strategy within the mining sector, mainly in companies such as Anglo American and De Beers Consolidated Mines. By appointing an external candidate rather than someone from its own ranks for the chairman position, Previ said it was "reinforcing its commitment to the continuous improvement of the company's corporate governance and to the creation of sustainable long-term value." In a parallel move, the pension fund has also appointed José Mauricio Pereira Coelho, a former Previ CEO who had previously been chairperson of Vale from 2019 to 2021, to take over the vacant seat in the company's board. The majority of Vale's board will nominate former BP executive Ieda Gomes Yell to run for a vacant seat against Coelho, the people said. Vale's current vice chairperson of the board, Marcelo Gasparino, will compete as an alternative to Oliveira as chairman of the mining giant. The attorney is also a member of the board of Petroleo Brasileiro, Brazil's oil giant. Candidates other than those put forward by Previ and Vale's board could still emerge ahead of the vote. Stieler headed Previ for two years under Brazil's former President Jair Bolsonaro. He was elected to Vale's board in 2021 and later was appointed chairperson of the iron-ore producer even after he had stepped down from his position within Previ. Last year, Previ President João Fukunaga stepped down as head of the pension fund after facing scrutiny from Brazil's Audit Court. He also left Vale's board in February, which weakened Stieler's support within the pension fund, Brazilian newspaper O Globo reported on June 13. Vale's major shareholders include, among others, Mitsui, Blackrock and Capital World Investors.

    3 min

  3. hace 3 días

    Martin Creamer talks about: Shanghai Week, Phelan Green, platinum jewellery demand

    Mining Weekly Editor Martin Creamer discusses July’s Shanghai Week, which is set to firm up platinum’s already solid status; Phelan Green selecting Johnson Matthey technology for its Saldanha electro‑sustainable aviation fuel plant; and platinum jewellery generating the highest d

    5 min

  4. hace 3 días

    Hudbay breaks ground at New Ingerbelle expansion for Copper Mountain mine

    This audio is brought to you by Endress and Hauser, a global leader in process and laboratory measurement technology, offering a broad portfolio of instruments, solutions and services for industrial process measurement and automation. TSX- and NYSE-listed copper miner Hudbay Minerals has broken ground at the New Ingerbelle expansion project at the Copper Mountain mine, in British Columbia. This marks a significant milestone for the operation and its long-term future in British Columbia. With key permits in place, Hudbay is advancing important infrastructure required for the expansion, including an access road, a bridge across the Similkameen river and an east haul road connecting New Ingerbelle to existing operations. Concurrently, the company has initiated a targeted drilling programme at New Ingerbelle, focusing on upgrading existing inferred resources to reserves to further optimise and extend the future mine life at Copper Mountain. The groundbreaking ceremony on June 18 was attended by Hudbay's executive team, employees, the British Columbia Mining Association, the Chief of the Upper Similkameen Indian Band, leaders from the local community and British Columbia's Minister of Mining and Critical Minerals, Jagrup Brar. The event was also recognised by Canada's Minister of Energy and Natural Resources, Tim Hodgson, saying in a video recording that Hudbay's groundbreaking is more than the start of a new mine expansion. "It is a signal of confidence in Canada's resource sector, in Canadian workers and in our ability to build big things." Based on current mineral reserves, New Ingerbelle is projected to produce about 750 000 t of copper, 900 000 oz of gold and 5.5-million ounces of silver over the life-of-mine. It is designed to access higher-grade mineralisation while it also features a stripping ratio three times lower than that of the current mining areas. The expansion is expected to generate significant economic benefits for British Columbia, including more than C$11.5-billion in provincial GDP, while supporting regional supply chains, contractors, local businesses and community investment across the Similkameen region and the province. Hudbay president and CEO Peter Kukielski says New Ingerbelle is not just an expansion but a critical pillar of the group's long-term growth strategy in British Columbia. "The opening of New Ingerbelle enhances the copper and gold production profile at Copper Mountain, secures more than 800 full-time jobs beyond 2040 and ensures the mine continues to deliver economic benefits at the local, regional and federal levels. Our efforts to optimise Copper Mountain, combined with the development of New Ingerbelle, will unlock significant long-term value for all of our stakeholders."

    3 min

  5. hace 3 días

    Africa cannot afford fragmented voices any longer, Mike Teke points out

    This audio is brought to you by Endress and Hauser, a global leader in process and laboratory measurement technology, offering a broad portfolio of instruments, solutions and services for industrial process measurement and automation. Africa cannot afford fragmented voices any longer, South Africa's mining and energy leading light Mike Teke pointed out in an address at the Zimbabwe Chamber of Mines, where he highlighted the need for greater regional collaboration. Speaking as FutureCoal Africa chapter chairperson, Teke invited governments, industry, and investors across Africa to participate actively in the Africa chapter and to help shape a balanced, secure and investment-ready energy future. Founding support for the chapter has been provided by industry leaders in South Africa, Botswana, Mozambique and Zimbabwe, with its mandate extending to countries across the continent and its focus concentrated on coordinated engagement in technology, investment, energy security, and industrial growth. While the reopening of the Strait of Hormuz was welcome news, Teke pointed out that recent events had demonstrated how quickly global energy markets could be disrupted. "The lesson for governments is not about a single shipping route; it's about ensuring that countries have access to reliable domestic energy resources, resilient supply chains and secure industrial capacity. Energy security and affordability must come first, because without them, there can be no stable or sustainable transition," Teke explained. Interestingly, he drew attention to the deployment of high-efficiency low-emission technology at Zimbabwe's Hwange power station's units 7 and 8 as a practical example of sustainable coal stewardship in action, alongside rehabilitation work on units 1 to 6 and Zimbabwe's broader exploration of coal gasification and coal-to-x pathways. Particularly noteworthy is that Hwange Power's expansion is underpinned by FutureCoal's sustainable coal stewardship framework, which provides a practical roadmap for responsible coal production, emission reduction, technology deployment and industrial development. "The issue is not whether coal exists, but how it is produced, used and its negative impacts mitigated. Sustainable coal stewardship provides a practical pathway for responsible development. Africa has the resources, the capability, and the people – we must now act with coordination and confidence," Teke advocated. Teke, who is CEO and co-founder of Seriti Resources Holdings and the chairperson of renewable energy company Seriti Green, emphasised that Africa needed to position itself strategically within the changing global environment.

    2 min

  6. hace 3 días

    IN FOCUS: Geopolitics and the Energy Transition

    The intensifying competition among China, the US and other major powers to secure future copper supplies is creating an opportunity for African producer countries to capture greater value from the metal’s supply chain, says political scientist and economist Gaylor Montmasson-Clai

    21 min

  7. hace 3 días

    Platinum jewellery generates highest demand level since 2019

    This audio is brought to you by Endress and Hauser, a global leader in process and laboratory measurement technology, offering a broad portfolio of instruments, solutions and services for industrial process measurement and automation. Despite metal price and import tariff headwinds, platinum jewellery delivered growth across all markets in 2025, generating the highest demand level since 2019. South Africa is the world's largest producer of platinum, consistently supplying 70% to 80 of total annual output. "While the world was being disrupted profoundly, the key platinum jewellery markets responded with remarkable resilience," Platinum Guild International (PGI) CEO Tim Schlick said during the presentation of the 2025 platinum jewellery business review themed 'A year of resilience'. In China, 2025 platinum jewellery fabrication rose 56% to 589 000 oz, the strongest manufacturing year since 2022, while gold jewellery demand fell by 25%. The surge was driven largely by the sharp rise in the gold price, which attracted new participants to platinum jewellery. PGI partners outperformed the market with more than half of Chinese platinum demand linked to love-gifting occasions. In Japan – the world's highest per-capita platinum jewellery market – platinum jewellery demand grew by 2% in 2025, increasing its share of retail unit sales to 28%, while gold jewellery demand fell by 11%. Platinum continued to gain share from white gold amid elevated gold prices. Demand for higher-weight pieces such as Kihei chains held firm and the Platinum Woman programme delivered 23% more value despite the retail price increases. In India – platinum's fastest-growing jewellery market – platinum manufacturing rose by 4% to 280 000 oz in 2025 compared with a 24% decline in gold jewellery demand. While more modest than the double-digit growth of recent years, the figure reflects the impact of US tariffs on exports. The Men of Platinum campaign closed with an exclusive fan meet-and-greet with Indian professional cricketer MS Dhoni at the Taj Lands End five-star hotel in Mumbai. PGI's India partners were central to platinum's expansion into the Middle East, which saw tremendous uptake over the year. In North America, platinum jewellery demand grew by 6% in 2025, compared with gold jewellery's 10% decline. The price delta to gold made converting white gold to platinum a profitable proposition for the trade. "With the increase in lab-grown diamonds, now chosen by over 60% of consumers for the centre stone, there is an opportunity for consumers to spend more on the metal in the engagement ring, the single most important purchase in the US jewellery industry. In a K-shaped economy, high-end jewellery rose in both units and value, and bridal remained a priority," PGI stated in its media release to Mining Weekly. LOOKING AHEAD PGI expects Japan to remain stable, China to normalise towards pre-2025 levels, and Europe is expected to shift towards lower karat gold and to platinum. With platinum jewellery having proved its resilience through a year of exceptional disruptions, PGI sees a foundation for continued momentum across its markets in 2026. PGI has offices in the world's major jewellery markets and creates consumer ounce demand by identifying and fulfilling platinum jewellery opportunities for its partners.

    3 min

  8. hace 4 días

    BHP outlines higher cost estimate, impairment charge for Jansen Stage 2 expansion

    This audio is brought to you by Endress and Hauser, a global leader in process and laboratory measurement technology, offering a broad portfolio of instruments, solutions and services for industrial process measurement and automation. Australian miner BHP Group has reported an increased capital estimate for its potash production expansion project Jansen Stage 2, in Saskatchewan, Canada, to $6.9-billion from $4.9-billion previously, as well as a $2.3-billion impairment charge as higher costs and additional labour hours drive up spending and delay first production. BHP has exceed initial capital cost estimates at the two-stage Jansen project for the third time. , The company undertook a detailed cost and schedule review for Stage 2 of the Jansen project, with production now expected late in the 2031 financial year. BHP continues to expect Jansen Stage 2 to deliver about 4.36-million tonnes a year of production. Following an expected two-year ramp-up period from first production, combined output from Jansen is expected to be 8.5-million tonnes a year and will deliver about 10% of total global potash production. Future expansions could eventually push the site to between 16-million and 17-million tonnes a year. The funding covers the development of new mining districts, second shaft hoist infrastructure, expanded processing facilities and additional rail cars to handle higher volumes. BHP says the increased funding estimate is owing to additional construction hours and quantities of materials to complete Jansen Stage 2 and escalation, which was identified as part of the comprehensive review. At the end of May, Jansen Stage 2 was 16% complete, with engineering at 83% complete, de-risking the estimate for remaining work. Jansen Stage 2 has an updated internal rate of return of 11% and expected payback period of eight years. Underlying earnings margins for Jansen Stage 2 remain above 65% owing to its low cost position. Once Jansen Stage 2 ramps up, BHP anticipates that the combined Jansen mine will be the lowest unit cost Canadian potash mine at between $114/t and 130/t, in line with unit cost estimates at sanction, reinforcing Jansen's durable competitive advantage in the potash market and further supporting BHP's long-term growth strategy in future facing commodities. Meanwhile, Jansen Stage 1 is achieving its critical path milestones set in the updated January 2026 cost and schedule estimate, and first production remains on track for mid-2027. BHP expects its group capital expenditure guidance for the 2027 financial year to remain at about $11-billion.

    3 min
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