The International Energy Agency has reversed its forecast for global coal demand, now projecting a 1.2% rise in 2026 to a record 8.94 billion tonnes. Earlier this year, the agency expected a decline. The shift is driven by disruptions to LNG shipments through the Strait of Hormuz amid Middle East conflict, which pushed natural gas…
South Africa’s African Rainbow Minerals (ARM) has reported a 19% increase in annual headline earnings to R3.2 billion for the year ended 30 June 2026, driven by sharply higher platinum group metal (PGM) prices. The strong performance has given the board confidence to approve the R753 million restart of the Nkomati nickel mine in Mpumalanga….
NeoTerra Group is expanding its Southern African rare earths strategy with a US$1.875 million US‑funded pre‑feasibility study at the Monte Muambe deposit in Mozambique. The project, estimated at 13.6 Mt grading 2.42% rare earth oxides, could deliver neodymium, praseodymium, dysprosium, and terbium – minerals vital for EVs, wind turbines, and defence. A 2023 scoping study…
Minin capital could hit ZAR6bn in 2027 Sasol has outlined a plan to reduce external coal purchases from 8.8 Mt in 2026 to between 5–7 Mt in 2027, with a longer-term goal of sourcing 34 Mt internally by 2028. The company’s Secunda Operations are expected to sustain output of 7.2–7.4 Mt annually, supported by improved gasifier availability and a…
Rio Tinto has announced the appointment of Simon Trott as its new Chief Executive, effective August 25, 2025. He will succeed Jakob Stausholm, who has led the company for nearly five years. Trott, currently the Iron Ore Chief Executive, brings 25 years of experience across various commodities and geographies within Rio Tinto. His tenure as…
From Mozambique Coal Catastrophe to De Beers Bid: Michael O’Keeffe’s Controversial Comeback in the Diamond Sector. Opinion by Lloyd Nedohe Following the recent successful demerger and listing of its platinum business, Anglo American Platinum (Amplats), in London and Johannesburg, Anglo American has now sharpened its focus on the sale of its diamond unit, De Beers….
Last week, Anglo American’s platinum operations officially began trading as Valterra Platinum on the Johannesburg Stock Exchange (JSE) under the ticker ‘VAL’, marking a pivotal moment in the mining giant’s strategic overhaul. The move, followed by a secondary listing on the London Stock Exchange (LSE) , closely mirrors a similar portfolio simplification undertaken by fellow…
Rio Tinto is on the hunt for a new CEO, yet again. Following a recent CEO announcement by a peer company, South32, Rio Tinto has confirmed that current CEO Jakob Stausholm will depart later this year once a successor is appointed. This latest leadership change, coming amidst a period of strategic realignment and heightened investor…
South African coal producer Exxaro Resources announced a binding agreement to acquire a portfolio of high-quality manganese assets for a total unadjusted purchase price of R11.67 billion (approximately $637 million). This acquisition marks a major step in Exxaro’s diversification strategy, expanding its commodity base into minerals crucial for the energy transition. The deal encompasses…
Daley Steps into South32 CEO Role, Succeeding Kerr After Anglo American Exit Global mining and metals company South32 (JSE: S32) has announced the appointment of Matthew Daley as its new Chief Executive Officer (CEO), coinciding with a leadership transition at his former employer, Anglo American. Daley will succeed Graham Kerr, who will step down from…
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