Consulting analysts in tomorrow’s commodities and technologies

News

PGM PRODUCERS: Anglo American Platinum’s Amandelbult Training Complex VR Stope

With the price of platinum at around $31,000/kg and even rhodium at about $10 000/oz, there is a lot of pressure on production crews in underground PGM mines to minimise dilution & maximise ore production. A poor blast means a shallow advance, uneven faces, over- and underbreaks and even falling rock. All of which takes time to clean and make safe. It could lead to a missed blast during the next shift cycle, at a production loss of nearly $20,000. And the target can be well over panels to be bla

View full story

MINING: Bigger is better: on board the world’s largest electric mining vehicle

  • Date: 12-05-20
  • Category: MINING
  • Source: Mining Technology

Anglo American has doubled down on its commitment to sustainable mining by announcing plans for the world’s largest electric mining vehicle. The 290-ton machine dwarfs the current record holder for a sustainable mining vehicle, the 45-ton eDumper, and could set a new benchmark for environmentally-friendly heavy machinery. We find out more about this innovation.

View full story

SOUTH AFRICA: NUM North East region is unhappy with Mogalakwena mine management for keeping its first COVID-19 case secret

  • Date: 12-05-20
  • Category: SOUTH AFRICA
  • Source: Market Screener

The National Union of Mineworkers (NUM) in North East Region is highly disturbed and extremely shocked to learn that one of the mines to register the first case of COVID 19 during the first period of Lockdown was Mogalakwena Mine which is situated next to Mokopane Town in Limpopo. Mogalakwena Mine is owned by Anglo American.

View full story

AUTO SALES: Fuel types of new cars: petrol 52.3%, diesel 29.9%, electric 6.8% market share first quarter of 2020

  • Date: 12-05-20
  • Category: AUTO SALES
  • Source: ACEA

Brussels, 12 May 2020 – In the first quarter of 2020, the electrically-chargeable vehicle segment significantly increased its market share, rising to 6.8% (from 2.5% in Q1 2019) against the backdrop of the overall decline in passenger car registrations due to the COVID-19 outbreak. By contrast, demand for diesel and petrol vehicles tumbled dramatically, although petrol-powered cars still account for more than half of the EU market.

View full story

AUTO SALES: Russian Car Sales Crash 72% in ‘Black April’ Amid Covid Lockdown

  • Date: 12-05-20
  • Category: AUTO SALES
  • Source: Bloomberg

Russian car sales declined the most on record in April, the first concrete sign of the toll a nationwide lockdown has taken on the economy, as dealers were forced to close down in an effort to contain the spread of coronavirus. New car sales fell 72% from a year earlier to 38,922 vehicles, according to the Association of European Businesses in Moscow, which said the decline was the biggest monthly decrease since it began tracking the metric in 2007.

View full story

MACROECONOMICS: US e-commerce sales jump 49% in April, led by online grocery

Online retailers are seeing Black Friday-like sales due to the impact of the COVID-19 pandemic on their business. According to new data from Adobe’s Digital Economy Index, U.S. e-commerce jumped 49% in April, compared to the baseline period in early March before shelter-in-place restrictions went into effect. Online grocery helped drive the increase in sales, with a 110% boost in daily sales between March and April. Meanwhile, electronic sales were up 58% and book sales have doubled.

View full story

PGM PRODUCERS: Anglo American Platinum confirms zero COVID-19 cases at its operations

  • Date: 12-05-20
  • Category: PGM PRODUCERS
  • Source: Anglo American Platinum

Anglo American Platinum notes various inaccurate reports regarding COVID-19 positive cases at its operations. To date, no employees or contractors have tested positive at any of its operations in South Africa and Zimbabwe.

View full story

PGM PRODUCERS: Sibanye-Stillwater operating update for the quarter ended 31 March 2020

  • Date: 12-05-20
  • Category: PGM PRODUCERS
  • Source: Sibanye-Stillwater

Sibanye Stillwater Limited (“Sibanye-Stillwater”, “the Company” and/or “the Group”) (JSE: SSW & NYSE: SBSW) is pleased to provide an operating update for the quarter ended 31 March 2020. Financial results are only provided on a six-monthly basis.

View full story

Categories