It’s no longer good enough to just produce electric vehicles (EVs). You have to produce green EVs, and to do that, you need green steel. To get the green steel, you need the green molecules that green hydrogen provides.
Copper hits record above $11 000 on bets that shortage looms
Copper surged to its highest-ever level, extending a powerful, months-long rally driven by financial investors who’ve piled into the market in anticipation of deepening supply shortages.
Futures on the London Metal Exchange jumped more than 4% in early Monday trading, taking copper past $11 000 a ton for the first time. The market has seen many optimistic forecasts, and BHP Group’s wants to buy rival Anglo American chiefly for its copper mines.
Montage Gold proposes new directors
Canada-listed Montage, which is aiming to be a multi-asset African gold producer, has set June 7 as the date for its annual general and special meeting.
Shareholders will vote on a proposed slate of director nominees, comprising six individuals: Ron Hochstein, Richard Clark, Anu Dhir, David Field, Allessandro Bitelli and Martino De Ciccio.
Implats concludes a new empowerment transaction at Impala Rustenburg, Impala Bafokeng
JSE-listed Impala Platinum (Implats) has concluded a series of agreements, facilitating the implementation of a broad-based black economic empowerment (BBBEE) transaction at its Impala Rustenburg and Impala Bafokeng assets. The transaction will result in 13% BBBEE ownership at both Impala Platinum, which owns the Impala Rustenburg and Impala Refineries assets, and Impala Bafokeng through its wholly-owned subsidiary, Impala Bafokeng Resources (IBR).
European Ferrochrome Benchmark price to be discontinued
JSE-listed chrome producer Merafe Resources has advised that the quarterly European Ferrochrome Benchmark (EUBM) price will be discontinued with effect from June. The company will, therefore, no longer publish the EUBM price on the JSE news service.
Platinum-enabled green molecules offering inviting green electron value-add – Nedbank
It’s no longer good enough to just produce electric vehicles (EVs). You have to produce green EVs, and to do that, you need green steel. To get green steel, you need the green molecules that green hydrogen provides.
Minerals Council, Geoscience, IDC going all out to boost South African exploration
A collective effort was apparent on Friday when Minerals Council South Africa, the Council for Geoscience and the Industrial Development Corporation (IDC) spoke on the same platform to promote a return to growth in the shrinking South African mining industry. Minerals Council South Africa CEO Mzila Mthenjane, Council for Geoscience CEO Mosa Mabuza, Junior Exploration & Mining Leadership Forum chairperson Errol Smart, who is also the CEO of Orion Minerals, IDC junior mining fund’s Siyabonga Mahlangu and many others showed common thought and vision on what must be done. (Attached also watch Creamer Media video.)
BHP debates improved bid as time runs out in Anglo takeover saga
With time running out on its $43-billion pursuit of Anglo American, BHP Group faces a critical question: what would it take to draw the smaller company to the negotiating table within the next few days? BHP’s plan to partially break up and then acquire Anglo has transfixed the mining industry by pitting two of its biggest names against each other in a public tussle. Anglo has already rejected two non-binding proposals from BHP — criticizing both the valuation and complexity — and instead rushed out a dramatic restructuring plan of its own.
US lukewarm on G7 Russian diamond ban after industry backlash
The United States is re-evaluating the strictest elements of a ban on Russian diamonds from the Group of Seven major democracies, after opposition from African countries, Indian gem polishers and New York jewellers, seven sources said. The sanctions package, agreed in December and including a ban across the European Union, represents one of the industry’s biggest shakeups in decades.
Today’s well-supplied market for critical minerals ‘may not be a good guide for future’
A new International Energy Agency (IEA) report describes the sharp decline in critical mineral prices over the past year as a double-edged sword, cautioning that, while it has been a boon for clean energy deployment and affordability, it is a bane for critical mineral investment and diversification. The ‘Global Critical Minerals Outlook 2024’ highlights that, following two years of dramatic increases, the prices of critical minerals fell steeply in 2023, returning to levels last seen before the pandemic.