Precious metals, nickel, zinc likely to outperform over next 2 years — analysts

Image by Sam Valadi | Flickr | Creative Commons. Despite some ups and down, 2016 has been a good year for commodities. By June, prices of most metals and minerals were very close to enter into bull market territory (defined by a 20% increase from previous lows), rebounding from their lowest in at least 25[…]

Met coal price surge could revive giant Mozambique project

The stunning rise in the price of coking coal shows now signs of reversing, and the nearly three-fold rise in the price of the steelmaking raw material since hitting multi-year lows in November appears to be breathing new life into long-shelved projects. Benchmark Australian export metallurgical coal was exchanging hands at $213.20 on Friday, up[…]

South Africa’s mining industry continues to face tough times — PwC report

Companies had no choice but to cut back on new developments, re-focus on profitable production rather than maximum production and to save costs. 2016 marked another challenging year for SA’s mining industry in the wake of subdued commodity prices, an increase in short-term volatility, increased pressure on operating models and regulatory uncertainty. These are some[…]

No rapid rebound for African mining

A new report by BMI Research, a Fitch company, forecasts subdued growth for the mining industry in Africa through 2020. BMI says Sub-Saharan Africa’s mining sector growth will remain slow as a muted recovery of mineral prices will continue to put pressure on profit margins of metal producers. The authors of the report “expect some growth[…]

Extreme pollution forces China to shut down hundreds of coal, steel operations

China is stepping up its war on pollution by forcing hundreds of coal and steel companies to close or slash output in light of their transgressions to environmental and safety regulations. The country’s state planner said that after inspecting more than 4,600 coal mines it decided to revoke safety certificates for 28 of them and shut another 286 operations[…]