China Has Copper Flying Like a FANG Stock

Bloomberg Opinion) — Copper has touched $7,000 per metric ton on the London Metal Exchange, having climbed roughly 60% from a late-March nadir. The industrial metal is trading at levels unseen since 2018 despite a surge in coronavirus infections in Europe and beyond, stockpiles rising off recent lows, and expectations of a surplus in 2021. The reason is China, which is dominating the 24-million-ton per year market like never before thanks to a recovery that is outpacing other economies. The metal’s rebound from four-year lows in March mirrors the rally in that other gravity-defying asset class, the FANG-powered U.S.…

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South Africa needs R178bn to help transition from coal, study says

South Africa needs a climate finance transaction of $11 billion (R178 billion) to help the country transition from coal to renewable energy and to soften the blow for communities dependent on the mining and use of the fossil fuel, a University of Cape Town study said. South Africa, through state utility Eskom Holdings, is almost entirely dependent on coal for electricity. The country produces the same quantity of greenhouse gases as the UK, which has an economy eight times larger. “The study envisions a climate finance transaction of $11 billion…

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How SA mining proved to be resilient in the face of Covid-19

The Covid-19 pandemic has been a challenge that no one could have anticipated. It has had a wide-reaching impact on all industries across the globe, and the South African mining sector is no exception. While necessary precautions were put in place as early as possible, there’s still no telling just how much the mining industry will be affected in the long term. One thing we do know is that despite what seems to be the light at the end of the tunnel, with the easing of lockdown restrictions, we cannot…

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Why a South African community mistrusts big industry and what needs to change

  For most of the 20th century, manufacturing, mining and other industries in South Africa developed without many legal restrictions. This resulted in industrial risks such as environmental pollution, contamination and health impacts. The fact that industrial development took place close to poor communities wasn’t considered important. Unfortunately, the post-apartheid geographic landscape hasn’t changed much. There are many examples of South African communities and environments exposed to industrial risks. Since the country’s democratic transition in 1994, important regulations and legislation have been developed about the impact of industry on the environment and society. But air…

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No flash in the pan’: Betterect and DryTech achieve a trio of mineral concentrate drying plant successes

  Betterect, a South African fabricator and erector of large processing equipment structures, undertakes steel fabrication projects within the mining, petrochemical and other industries, for clients as far afield as Austria, Italy, Germany and Australia, as well as throughout Southern and Central Africa. With more than four decades in the industry, they are the recognised leaders within their field. As such, Betterect has conceptualised and developed the ‘Team Africa’ concept, in which steel industry suppliers and manufacturers join forces and share skills and expertise to supply mining, power generation, industrial…

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Department monitors safety in mines

  The Department of Mineral Resources and Energy (DMRE) will intensify the monitoring and evaluation of mine health and safety management systems through inspections and audits during the remainder of the year. “As we approach the end of the year, all mine employers, employees, managers and supervisors are alerted to the historical high number of fatalities and injuries that occur during the last quarter of the year. This period is traditionally very difficult for health and safety at mines,” the department said on Tuesday. Historic data on mine accidents reveals…

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Fresh data highlight a steady decline of SA’s manufacturing and mining sectors

    Manufacturing and mining data from Statistics South Africa this week indicate that the pace of deindustrialisation is picking up. The one bright spot is that while the mining sector’s output remains in a downward trajectory, sales are up because of prices. Let’s start with the manufacturing data released on Monday. Production in the sector fell 10.8% in August compared with August 2019, the 15th consecutive month of year-on-year decline. As NKC African Economics noted in a brief to clients, this underscores “how the sector was already struggling before…

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Dekra Industrial: keeping industry ‘on the safe side’ with holistic NDT and solutions

Dekra Industrial: keeping industry ‘on the safe side’ with holistic NDT and solutions

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Mining exploration finally gets some love from regulators

  Industry wants government to emulate Canada’s hugely successful exploration model to unlock financing. By Ciaran Ryan 12 Oct 2020  00:03 A flow-through tax incentive wouldn’t hurt SA’s revenue collections and would deliver considerable macro-economic impact, including immediate job creation. Image: Shutterstock It’s astonishing how fast things can change in a few months. A year ago mining exploration, while not exactly dead, was gasping for air. “There’s no reason why SA should not account for a far larger share of global investment in mineral exploration,” says Errol Smart, MD of junior miner Orion Minerals,…

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Russian plan to dig biggest Zimbabwe platinum mine clears hurdle

  When complete it is expected to produce 860,000 ounces of platinum group metals and gold a year. By Godfrey Marawanyika, Bloomberg 23 Sep 2020  09:05 Image: Bloomberg A project that aims to develop Zimbabwe’s biggest platinum mine has cleared a significant hurdle, with the African Export-Import Bank completing a due diligence study allowing it to proceed with a $500 million syndicated funding program. While some work has started on the mine, with $100 million spent to date including exploration costs, a significant amount of investment will now be needed if Great Dyke Investments, owned by…

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