Zambia’s annual copper production will grow more than 40% to one-million tons in 2027, according to the country’s Finance Ministry. Africa’s second-largest copper producer is seeking to take advantage of what many predict will be a supply shortfall in the coming years, as the energy transition causes rising demand for the metal from electric vehicles to wind farms.
South32’s South African manganese, aluminium operations deliver solid output
Diversified miner South32’s South African manganese operations produced 2.18-million tonnes of manganese in the 2024 financial year, ended June 30, higher than the 2.11-million tonnes produced in the 2023 financial year, and above the two-million tonnes the group had expected to produce. Group subsidiary Samancor Manganese in June entered entered into a binding agreement for the sale of the Metalloys manganese alloy smelter, in Gauteng, to Khwelamet, an entity jointly owned by Menar and Ntiso Investing Holdings.
China, South Africa still driving chrome supply globally
In unpacking production and export figures for chrome and ferrochrome in 2023 and the first quarter of this year, the International Chromium Development Association (ICDA) has confirmed that China and South Africa continue to drive the chromium market. ICDA senior market research analyst Tanya Atalay says these markets have shown resilience amid the global economic slowdown.
Deep Yellow appoints new CFO
ASX-listed uranium project developer Deep Yellow has appointed experienced mining finance executive Craig Barnes to succeed Mark Pitts as CFO, with effect from August 1. Barnes is a Chartered Accountant with more than 25 years’ experience in senior finance and financial management roles within the mining industry both in Africa and Australia, including direct exposure to uranium development and production in Namibia.
Kumba delivers solid interim operational, financial performance despite challenging market
Mining company Kumba Iron-Ore has reported a robust set of results for the six months ended June 30 despite a challenging market. CE Mpumi Zikalala says the company’s first-half results reflect strong execution of its business reconfiguration plan while improving safety across operations. “By prioritising operational safety, stability, capability and cost-effective production, we are delivering on our strategic objectives of unlocking value from our core and positioning for a sustainable future, which are essential for creating enduring stakeholder value,” she says, adding that Kumba’s performance demonstrates good operational momentum achieved.
Deep Yellow appoints new CFO
ASX-listed uranium project developer Deep Yellow has appointed experienced mining finance executive Craig Barnes to succeed Mark Pitts as CFO, with effect from August 1. Barnes is a Chartered Accountant with more than 25 years’ experience in senior finance and financial management roles within the mining industry both in Africa and Australia, including direct exposure to uranium development and production in Namibia.
Zambia sees copper output growing to one-million tons by 2027
Zambia’s annual copper production will grow more than 40% to one-million tons in 2027, according to the country’s Finance Ministry. Africa’s second-largest copper producer is seeking to take advantage of what many predict will be a supply shortfall in the coming years, as the energy transition causes rising demand for the metal from electric vehicles to wind farms.
PGMs helping to lay greener global foundation, demerging Anglo Platinum highlights
Despite the current low-price cycle, the critical role that platinum group metals (PGMs) play in helping to form a foundation for cleaner greener world remains indisputable, Anglo American Platinum CEO Craig Miller highlighted at the company’s presentation of solid half-year results on its journey towards demerging from the Anglo American group. “Our market development efforts help ensure that our products have a sustainable and positive impact on the world. We’re leveraging capabilities through these activities and capturing value from the adjacent value chains while diversifying sources of future PGM demand,” added Miller, who expects Anglo Platinum to be a separate primarily Johannesburg-listed mining and marketing company by the end of next year. (Also watch attached Creamer Media video.)
South32’s South African manganese, aluminium operations deliver solid output
Diversified miner South32’s South African manganese operations produced 2.18-million tonnes of manganese in the 2024 financial year, ended June 30, higher than the 2.11-million tonnes produced in the 2023 financial year, and above the two-million tonnes the group had expected to produce. Group subsidiary Samancor Manganese in June entered entered into a binding agreement for the sale of the Metalloys manganese alloy smelter, in Gauteng, to Khwelamet, an entity jointly owned by Menar and Ntiso Investing Holdings.
China, South Africa still driving chrome supply globally
In unpacking production and export figures for chrome and ferrochrome in 2023 and the first quarter of this year, the International Chromium Development Association (ICDA) has confirmed that China and South Africa continue to drive the chromium market. ICDA senior market research analyst Tanya Atalay says these markets have shown resilience amid the global economic slowdown.