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Gold heads for third weekly gain on rising demand for havens

By: Reuters 5th August 2022 Gold traded near a one-month high -- after jumping the most since March on Thursday -- as US-China tensions and a deepening global slowdown buoyed demand for haven assets. Bullion surged 1.5% on Thursday and is heading for a run of three straight weekly gains after China likely fired missiles... →

Implats’ earnings to decline on lower sales revenue, inflationary pressures

By: Donna Slater 5th August 2022 Platinum group metals (PGMs) miner Impala Platinum (Implats) expects its basic earnings for the financial year ended June 30 to decrease by between 29% and 35% year-on-year, to between R30.5-billion and R33.5-billion, while its earnings a share for the period are expected to decrease by between... →

Zimplats solar project, Zimbabwe – update

By: Sheila Barradas 5th August 2022 Phase 1 of the project has started. →

Power Metal announces next phase of exploration at Botswana project

By: Darren Parker 4th August 2022 London-listed exploration company Power Metal Resources has started the next phase of exploration on its Molopo Farms Complex (MFC) project in southwestern Botswana. The company said on August 4 that it had mobilised spectral geophysics to the MFC project, which is targeting a large-scale nickel,... →

Platinum-based fuel cells key for heavy-haul industry – WPIC

By: Donna Slater 4th August 2022 The World Platinum Investment Council (WPIC) reports that interest in using hydrogen fuel cells in the heavy-haul industry is growing rapidly, with several interesting developments currently under way. Platinum-based, proton exchange membrane (PEM) hydrogen fuel cells provide zero emissions... →

Science, Innovation dept envisions a solid hydrogen economy by 2050

By: Marleny Arnoldi 4th August 2022 South Africa’s Department of Science and Innovation (DSI) views hydrogen as a key enabler of decarbonisation, particularly in the transport sector – heavy-duty trucking, shipping, aviation, and rail – and in major polluting industries such as steel, cement and chemicals manufacturing, as well as... →

DMRE reports overall improvement in mining health, safety record

By: Darren Parker 3rd August 2022 The number of mining fatalities, injuries and diseases have decreased for the year to date as compared with the same period last year, Department of Mineral Resources and Energy (DMRE) chief inspector of mines and Mine Health and Safety Council chair David Msiza revealed during a virtual... →

Analysts slash platinum and palladium forecasts amid global slowdown

By: Reuters 3rd August 2022 Analysts and traders have sharply lowered their price forecasts for platinum and palladium as a global economic slowdown reduces demand, a Reuters poll showed on Wednesday. Both metals are used primarily by auto makers, which embed them in engine exhausts to reduce emissions. Platinum is also... →

Resources Watch

3rd August 2022 This week: Kumba Iron Ore says steel market embracing need for decarbonisation; World-first hydrogen haul truck operational from August; and, De Beers pleased with strong set of first-half results →

Eastplats promotes Hanson to COO

By: Donna Slater 3rd August 2022 JSE- and TSX-listed midtier platinum group metals miner Eastern Platinum (Eastplats) has promoted former South Africa GM Hannelie Hanson to the position of group COO. She has more than 24 years of experience in mining as a technical specialist and a strategic leader, currently heading up... →