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  1. hace 24 min

    Expansion plans pointing to 75% increase in Sibanye-Stillwater's chrome volumes

    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. Chrome is a growing value contributor to the revenue base of Sibanye-Stillwater's South Africa platinum group metals (PGM) portfolio, delivering margins, resilience and project support. Chrome has also been a stable income generator for Sibanye-Stillwater during periods of low PGMs pricing. (Also watch attached Creamer Media video.) In 2025, chrome contributed 8% of the revenue of Sibanye-Stillwater's South Africa PGM operations and it has been an enabler of project feasibilities and an extender of the life of tailings facilities. "We're on the path to be a chrome producer to be reckoned with. We currently do 10% of South Africa's chrome production, 5% worldwide. If we achieve the chrome growth that is projected, we will exceed that 10% by quite a significant amount," Sibanye-Stillwater VP chrome and base metals Babsie Crane commented during Sibanye-Stillwater's Capital Markets Day covered by Mining Weekly. The chrome management agreement that Sibanye-Stillwater signed with Glencore Merafe Chrome Venture in 2025 repositions the commercial terms of legacy contracts and attracts considerable value earlier. The agreement creates an opportunity to join technology forces as it relates to fine chrome along with operational synergies through the combined asset footprint, taking in infrastructure, laboratory training, research and development capability, as well as processing capacity. In addition, chrome recovery infrastructure maximises value from upper group two (UG2) tailings. Sibanye-Stillwater owns six of the 12 chrome recovery plants on its footprint and Glencore five, making way for synergies to be unlocked. Expansion plans are pointing to a 75% increase in chrome volumes, which will enhance Sibanye's domestic and global market positions and attract market-related prices, for both surface as well as underground. From a chrome production level of one million tons of chrome a year in 2016, the company is expected to produce chrome at a rate of 2.3-million tons a year until 2033. Major global chrome producers are South Africa, Zimbabwe, Kazakhstan, India, and Turkey. South Africa's production this year of 26-million tons is going to be roughly 61% of global supply. Around 13% of this is used in South Africa to produce ferrochrome, and the rest is exported largely to China and Indonesia, which lead demand growth. Around 95% of chrome ore is used in ferrochrome production, which then goes into stainless steels and alloys, with the remainder used in various specialty applications such as chemicals for leather tanning, foundry sands and refractories. This year the market is expected to be fairly finely balanced. Supply is expected to grow by about 5.8% year-on-year to meet the 44-million tons of demand. "It's a very fragile balance and as you look out to 2034, the deficit is growing substantially," Sibanye-Stillwater executive VP sales and marketing Kleantha Pillay pointed out. The current spot price for South African chrome ore of 40% to 42% concentrate is about $295/t taking in cost, insurance and freight to China. For higher 42% to 44% concentrate grades, the price ranges from $310/t to $320/t. Interestingly, the production cost for UG2 byproduct chrome ore is around 60% of primary chrome production in South Africa.

  2. hace 2 h

    BHP confident of group's future growth opportunities, despite warning of lower 2027 copper output

    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. Global diversified miner BHP produced nearly two-million tonnes of copper and record iron-ore production for the financial year ended June 30, but has substantially lowered its copper production guidance for the 2027 financial year, mainly as a result of a decline in grades at the Escondida mine, in Chile. The company's copper mines produced 1.95-million tonnes in the 2026 financial year, in line with guidance of 1.9-million to two-million tonnes. Iron-ore output, meanwhile, increased by 1% year-on-year to a record 265-million tonnes, in line with guidance of 258-million to 269-million tonnes. "We finished the year strongly, delivering safe and reliable operations while setting several performance records across the business. "For the second consecutive year, we produced around two-million tonnes of copper and delivered record iron-ore production, demonstrating the power of a disciplined operating system and world-class assets. "We achieved this against a backdrop of stronger realised prices for both copper and iron-ore, with copper prices around 35% higher than a year ago. Cost control was particularly strong, with every asset expected to be within unit cost guidance despite headwinds from inflation, higher diesel prices and global supply chain disruptions," says CEO Brandon Craig. He adds that the group is also continuing to build the next phase of growth. During the year under review, it progressed applications to restart Cerro Colorado, in Chile, defined development pathways for Copper South Australia, Escondida and Spence, and expanded its future copper options in the US through progress at Resolution and its investment in Faraday, while Vicuña, in Argentina, received Incentive Regime for Large Investments approval. "In Canada, Jansen is on track to begin potash production next year, adding a new commodity and further diversifying our portfolio. "We enter the new year with momentum and significant opportunities to accelerate improvements in safety, productivity and reliability through our operating system and the adoption of technology," Craig comments. COPPER BHP has set its copper guidance for the 2027 financial year at between 1.65-million and 1.8-million tonnes – a year-on-year decrease of about 15%. For the year ended June 30, the Escondida mine produced 1.26-million tonnes of copper, a 3% year-on-year decline as a result of a planned lower concentrator feed grade of 0.90%, compared with 1.02% the year before. Concentrator feed grade for the 2027 financial year is expected to be about 0.70% and Escondida is expected to produce between one-million and 1.1-million tonnes of copper for the financial year. Meanwhile, BHP's Pampa Norte operations, which include the Spence and Cerro Colorado mines, produced 213 000 t of copper for the 2026 financial year – a 21% year-on-year decrease. Output at the Spence mine decreased as a result of ongoing challenges with processing complex ore at the concentrator and the planned decline in stacked feed grade at the cathode plant. The Spence Concentrator Upgrade Recovery project, which upgrades the flotation circuit to increase residence time and improve recoveries, was sanctioned in June, with first production expected during the 2028 financial year. "Once commissioned, we expect the project will allow us to more effectively manage Spence's ore complexity and variability," BHP reports. The group in June also sanctioned the Spence Chalcopyrite Leaching project, which will include the implementation of BHP's sulphide leaching technology, Simple Approach to Leaching 2, to enable processing of hypogene ores and to use latent capacity in the cathode infrastructure. First production expected in the 2028 calendar year. Spence is expected to produce between 21...

  3. hace 1 día

    First doré gold bar pour at DRDGOLD's new Far West smelt house

    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. The new elusion circuit and smelt house facility at DRDGOLD's Far West Gold Recoveries is performing to specification. "The initial capital estimate was met, and we came in on time and within budget," DRDGOLD CEO Niël Pretorius reported during a webinar in which DRDGOLD CFO Henriette Hooijer and DRDGOLD COO Jaco Schoeman also participated to provide an update on the progress of Vision 2028, DRDGOLD's five-project programme involving a capital expenditure of R10-billion. (Also watch attached Creamer Media video.) The new facility was commissioned on Tuesday, July 14, when the first doré gold bar was poured. A doré bar is a semi-pure, unrefined alloy of gold produced directly at a mine site. Once fully ramped up, the new facility will increase monthly plant throughput to 1.2-million tons a month and contribute 16 years of mine life at that rate. Over the next few weeks – and in the months to follow before the rest of the Far West Gold Recoveries infrastructure is commissioned – the plan is to commence material processing and treating material at the new carbon-in-leach circuit, while concurrently conducting a full service of the existing circuit that has been in operation since 2018. Up to now, Far West Gold Recoveries personnel have had to send away their output without ever seeing its conversion to gold. But all that changed this week when a beaming plant manager held aloft gold what weighed just over 17 kg – and the appreciative workforce witnessed end product being produced before their eyes. "It was a good event for us," an upbeat Pretorius remarked during the webinar covered by Mining Weekly. After the smelt, the gold bar was whisked away by helicopter, roughly four minutes after the above picture was taken, which is the nature of the gold transportation logistics being deployed. The helipad next to the smelt house is also fully walled, which means that security, logistics and the flow of material played a big part in the facility's design and construction. Four years ago, DRDGOLD, as part of its ongoing commitment to optimising its portfolio of assets, initiated a capital investment programme aimed at structurally reconfiguring the cost provide of the cost profile of Ergo, the gold-from-waste operation on Gauteng's East Rand, and developing the infrastructure required to extend its life of mine, while increasing both throughput and production capacity. It was a two-part programme, the first involving the construction of a 60 MW solar plant and a 187 MWh battery energy storage system (BESS) at Ergo. Construction started in financial year (FY) 2022 and the project was commissioned in FY 2025. This investment has fundamentally reset Ergo's cost profile, strengthening energy security, reducing its carbon footprint, and demonstrating how investment in strategic infrastructure can improve both operational resilience and financial performance. Currently, the solar and BESS plant supplies around 47% of Ergo's electricity requirements for around 12 hours a day. The second part, the R10-billion capital infrastructure investment programme involving the five projects, was aimed at establishing tailings storage and plant throughput capacity capable of lifting combined throughput from the company's two operations, Ergo and Far West Gold Recoveries from around 2.15-million tonnes a month to three-million tonnes a month and grow annual gold production to six tonnes by 2028, the programme dubbed Vision 2028, on which construction started in FY 2024. Now, that vision is being realised with its first major milestone being the resumption of deposition on to the Daggafontein tailings storage facility (TSF). On June 25, water was first pumped to the facility and the first deposition of tailings followed on Jul...

  4. hace 1 día

    Rio Tinto beats quarterly iron-ore sales estimates, flags rising diesel costs

    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. Diversified miner Rio Tinto posted better-than-expected second-quarter iron-ore sales on Wednesday, supported by strong operational performance, though it will need a stronger second half to meet its yearly targets. The miner also said higher fuel costs stemming from the US-Israeli conflict with Iran had raised current costs and would continue to affect full-year results, while keeping its 2026 Pilbara iron-ore unit cash cost outlook unchanged. Shares jumped as much as 2.8% to a one-week high, outperforming the mining sub-index, which was last up nearly 2%. Rio Tinto, the world's largest iron-ore producer, sold 85.3-million tons of the steel-making commodity from its Pilbara operations in the three-month period ended June 30, ahead of the Visible Alpha consensus estimate of 83.6-million tons. That compared with 79.9-million tons of iron-ore sold in the same quarter last year. First-half sales came in at 157.7-million tons, 5% higher than last year, leaving Rio Tinto on the hook for a stronger second half to hit its 2026 forecast of between 323-million and 338-million tons. "Higher energy costs have lifted the global iron ore cost curve, particularly for marginal suppliers with greater exposure to diesel prices," the company said. Average pricing in the first half at its Pilbara operations improved to $85.2 per wet metric ton (wmt) on a free-on-board basis from $83.2 per wmt last year. Operational impact from the Middle East conflict remains limited, with no material disruption to production or outbound supply chains across its core commodities, Rio Tinto said. The miner added that it was monitoring conditions in the critical Strait of Hormuz and also maintaining contingency plans to address potential escalation or further disruption to global energy or logistics markets. While year-on-year iron-ore production held steady in the second quarter, Rio's output fell 7% sequentially from the March quarter. QUARTERLY COPPER PRODUCTION DROPS Overall copper production fell 7% in the June quarter to 213 00 t, behind the Visible Alpha consensus estimate of 214 700 t owing to lower production at Rio's Kennecott and Escondida mining operations. A furnace outage at the Kennecott mine in the US in late June is anticipated to affect copper and gold production in the second half. Concentrate production at the Chilean Escondida operations declined 13% on lower grades. Separately, the miner reduced its 2026 copper C1 net unit cost forecast to between 30 and 50 US cents per pound from 65 to 75 US cents a pound owing to higher-than-expected gold prices and productivity improvements.

  5. hace 2 días

    Mintek targeting global flotation research recognition, PGM Industry Day hears

    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. South Africa's national mineral research organisation Mintek is targeting global recognition as a minerals flotation researcher, the State-owned organisation emphasised at its recent platinum group metals (PGM) event. Mintek's flotation group is viewed as being well positioned to expand its impact through several strategic opportunities, which range from sustainable mining to industrial support and the circular economy. "We're aiming to become a globally recognised centre of excellence in flotation research through technology partnership and industrial implementation," Mintek post-doctoral research fellow Dr Mandla Chabalala declared at the PGM Industry Day. (Also watch attached Creamer Media video.) Mintek makes no bones about its aspiration to become a world-class scientific research organisation with practical industrial solutions that support safer, more efficient and environmentally sustainable minerals processing. In partnership with various stakeholders, it is looking into expanding its global footprint as well as its standing as a global minerals and metallurgical innovation leader. Chabalala, who was one of one of a dozen Mintek managers, engineers and scientists who presented in the auditorium of this 92-year-old State-owned research organisation situated at 200 Malibongwe Drive in Randburg, said: "I'm available for technical discussions around how we can work together and become of service to you." His group falls under Mintek's minerals processing division: "We're a team of about 14 to 15, but given the work we do, you'd think we numbered about 100. "We see ourselves as laboratory pilot and plant scale flotation experts. We specialise in process development and optimisation, and we strive to excel in technology implementation and troubleshooting. "Our core capabilities lie in the space of process development and scale up, where we start from the bottom and see you all the way up to your processing in the plant. "We also look at reagent synthesis and engineering, where we can develop new reagents or look at what's currently being used and then modify it, depending on what you're looking for in the ore type that we're treating," Chabalala outlined during his end-to-end flotation solution presentation that extended beyond PGMs into the likes of copper flotation and rare earth elements. Pursuits include: circuit development and optimisation to maximise efficiency and improve strategies;plant support, industrial applications and coming on site to do audits, identify problems, and propose solutions; anddata modelling and digital analysis, a recent assignment proving to be "quite useful". What can one expect when engaging Mintek on flotation? Outlined was baseline laboratory test work informing process design as well as implementation around concentrate grade optimisation. "We don't just do lab work and leave it there. We go all the way up to saying let's upscale and see what we can get and what we need to adjust to maximise efficiency and recoveries when we go to the plant," Chabalala explained during the presentation covered by Mining Weekly. Current projects go beyond PGMs into copper flotation and even the effect of microorganisms, living things so small that they can only be seen with a microscope. "We know that microbes can be used for beneficiation and we want to see how we can use microbes to assist our flotation efficiencies and then also to look into contaminated PGMs such as spillages, or other contaminants in the plant." Treating tailings and mine waste, rare earth elements, and the circular economy are on the wanted list of Mintek, which goes beyond working with the mining industry alone. "We have a wide range of partners, which include universities and research institutions,...

  6. hace 2 días

    Australia blocks voting rights of some China-linked investors in Northern Minerals

    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. Northern Minerals said on Tuesday that Australian Treasurer Jim Chalmers has ordered three offshore investment firms, including Hong Kong Ying Tak, to refrain from exercising their voting rights in the rare earths developer. Australia's Foreign Investment Review Board (FIRB) said Hong Kong Ying Tak, British Virgin Islands-registered Real International Resources, and Hong Kong-registered Qogir Trading & Service failed to comply with earlier government orders to reduce their stakes in Northern Minerals. In May, Treasurer Chalmers ordered six offshore shareholders to divest their holdings by July 2 over concerns that Chinese-linked parties were seeking control of the rare earths miner. Reuters was unable to contact Ying Tak, which has no phone number or email listed on Hong Kong's companies registry, for comment. "Northern Minerals welcomes the Federal Treasurer's interim directions regarding compliance with his May Disposal Orders," Northern Minerals chairperson Adam Handley said on Tuesday. Handley said a review of Northern Minerals' share register on July 10 found that most of the shares covered by the May divestment orders were still held by the investors targeted by those orders.

  7. hace 3 días

    R964m to be spent at Sibanye-Stillwater's K4 platinum group metals project

    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. Remaining project capital of R964-milion of the total of R4.4-billion in real 2026 terms is to be spent this year and next on Sibanye-Stillwater's K4 platinum group metals (PGMs) project at Marikana in South Africa's North West Province. The project is on track for steady state production in 2033 and has a 48-year economic life, which bodes well for the community of the Rustenburg municipal area in particular. (Also watch attached Creamer Media video.) Ramp-up of production at K4 began in the second quarter of 2022 and the operation is expected to employ 4 380 people when it reaches steady state. Already 77% complete, K4 has a net present value of R17.6-billion and is described as "a high-return project" underpinned by extensive existing infrastructure. Monthly rock break is projected to be at a rate of 39 000 m2/m and monthly reef hoisting 190 000 t/m, which equates at steady state to 21 000 four element (4E) ounces a month and 250 000 oz a year. The reef mix of 55% Merensky and 45% upper group two is described as being key for the smelting strategy within Sibanye-Stillwater's PGM segment. This was spelt out by Sibanye-Stillwater EVP mining operations Dawie van Aswegen, in his overview of the Johannesburg stock Exchange-listed company's South Africa PGM operations, which stretches from the town of Brits to the town of Rustenburg, in the lower section of the western limb of the PGM-rich Igneous Bushveld Complex. Sibanye-Stillwater commenced its PGM business in mid-2016, when it acquired Aquarius Platinum. Later that same year, it acquired the Rustenburg platinum mines from the then Anglo American Platinum, which is now Valterra Platinum. K4 was acquired from Lonmin in 2019 and that acquisition marked the conclusion of Sibanye-Stillwater's South Africa PGM acquisition strategy. "The orebody is homogeneous, so what that means is that it stretches all 70 km from east to west, and it's got a constant of dip of nine degrees from south to north," Van Aswegen explained during his presentation covered by Mining Weekly. Sibanye-Stillwater's underground PGM business consists of six trackless mechanised operations and eight conventional operations, with 44 000 people employed it total, own employees as well as contractor employees. From inception, the PGM operations have met annual guidance. Owing to a closure at Marikana and a shaft reaching end of its life at Kroondal, slight production reductions have been recorded but "this was partly countered by the gradual buildup of our K4 operations at our Marikana operations", Van Aswegen pointed out. Optimisation, restructuring, and a simple operating model resulted in a right-sized PGM segment, added Van Aswegen, who described operating cost per 6E ounce as being comparable to "the lowest of our peers". Increased stay-in-business (SIB) capital spend per 6E ounce is also said to rank below two of peers. On average, for the last couple of years, in the region of R4.5-billion had been spent on ore reserve development (ORD) and SIB capital requirements, with continuous ORD being under way at conventional shafts and SIB per 6E ounce comparing well with peers since 2023. However, a primary mining profile in steady decline – excluding projects – was displayed on the screen. "If we look at our primary mining outlook, there's a drop in profile but also very important to note is that this excludes our East 4, Siphumelele and Thembelani projects," Van Aswegan pointed out. But despite the declining profile, the cost forecast would remain competitive, with all-in sustaining costs benefiting from by-product credits that include chrome. In general, the SIB capital spending involves 9% of total operating cost for trackless mobile machinery operations, and 7% for conventional...

  8. hace 3 días

    China expands strategic mineral toolkit with new investment firm

    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. A new, Beijing-backed mining investment vehicle is aimed at bolstering China's grip on overseas resources, as the country pushes back against US and European efforts to curb its dominance of the mineral supply chain. Chinese companies have been aggressive buyers and builders of overseas mining assets for more than a decade, with a few champions leading the way. At a time when Western rivals were under shareholder pressure to cut spending, firms from the world's top metals consumer expanded in Congo's copper and cobalt production, took stakes in key iron-ore projects and transformed Indonesia's nickel industry. But fresh challenges — including more demanding producer nations and rising geopolitical tensions — have prompted Beijing to increase the number of tools at its disposal when it comes to managing strategic supply chains, according to people familiar with the matter. Guangyan International Investment Company will be part of a broader effort led by the National Development and Reform Commission (NDRC), which oversees economic planning, the people said. The relatively new company will be used to provide support ranging from direct equity investment to advice on compliance, risk-management and market conditions. China is seeking to standardize its process for international metals deals to improve oversight of proceedings, the people said, asking not to be identified given the sensitive nature of discussions. Miners will also be encouraged to manage their risk by bringing in other partners, rather than taking full ownership of projects, especially as costs rise and political challenges become more complex. Guangyan, which also uses the English name Vast Rock International Investment, does not appear to sit within the upper ranks of Chinese political hierarchy — but it fits neatly with Beijing's efforts to increase control over its supply chain. In the iron-ore industry, China Mineral Resources Group has already been working to tighten the country's control of purchasing and to increase the steel sector's bargaining power. NDRC did not immediately respond to faxed queries. Guangyan did not respond to telephone calls and questions sent to its registered email address. China has been a major investor in overseas resources for since the early 2000s, taking large bets on vital minerals, including in jurisdictions where most Western mining giants have been reluctant to buy, from Tajikistan to the Democratic Republic of Congo. The spree, combined with heavy investment in processing at home, helped create an unparalleled grip on the mineral supply chain. Over the last two decades, Chinese companies have spent over $100-billion in strategic outbound merger and acquisition deals in the mining sector, according to Bain & Co, with copper, iron-ore and gold assets among the most sought after. But increasingly, deals have become fraught. Minerals have become a flashpoint in global geopolitics, as supply chain shocks and an increased awareness of China's dominance pushes countries to respond with investment and industrial policies of their own. The US has been seeking allies to build an alternative supply chain from China, including by concluding partnerships with Congo to grant US investors preferential access to the African nation's metal deposits of copper, cobalt, lithium and tantalum. The European Union, and countries including Japan, are trying to catch up too. Producer nations have also begun demanding more from natural resources companies, eager to create higher-value jobs and more tax revenue. Congo began export controls on cobalt last year. Guinea, the world's biggest bauxite producer, has discussed plans to limit shipments of the material used to make alumina. The country also wants the companies...

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