BVian's SOUTHERN AFRICAN MINING AND RESOURCES NEWS: 1.OUR SPECIALIST RESOURCES update 28/July/ 2024

BVian's SOUTHERN AFRICAN MINING AND RESOURCES NEWS: 1.OUR SPECIALIST RESOURCES update 28/July/ 2024: UPDATE 25/6/ 2024 These are stocks that are for th6e most part outside the top ten stocks,we feel have promise ,in our opinions only ,over a...

UPDATE 18/5/2024

23/5 /2024 1.Investors are getting used to the uncertain conditions that are prevailing in the world and this has increased their confidance to the extent that they are again looking for more stable stocks.

2. Gold is holding up well as stability in uncertain times is not likely to return soon.

3. There is still an overhang in above ground PGMs . Newly mined metals on the other hand is in deficit. the prices declined in the last six months,but are now holding steady.

4.See post below for latest updates

Mining and minerals UPDATE 23/6/2024

January 2024 to December 2024

Platinum  CAPITAL GAINS/LOSSES

From                          Update June 2024

R530 AMS           -10 %                      

R75   IMP            + 5 %

R94  NPH            +11 %

R17  SSW             -8  %

R2    JBL              +14 %

All other mining

ARI  18      %

AGL  +21   %

BHP  -18     %

EXX   +0    %

GLN   +0    %

GFI      +11  %

 

Electricity tariff increase will push mining costs up 33% by end-2024 – Minerals Council Update 16/10/23

Electricity tariff increase will push mining costs up 33% by end-2024 – Minerals Council:

UPDATE 16/9/2023

PLATINUM STOCK PRICES

LOWEST                            PERCENTAGE

PRICE IN 2023                      GAIN,

IN RANDS                         16/10/2023

R58.32         AMS      +     27 %

R80.76         IMP       +     16 %

R95.67        NPH       +     26 %

R27.03        SSW       +     2  %

R1.65          JBL        -     5   %

 The Minerals Council has noted with dismay the above-inflation electricity tariff increase of 18.65% that the National Energy Regulator of South Africa granted to Eskom in its 2023/24 financial year, starting April 1. This increase, coupled with the 12.74% tariff increased that is poised for the following financial year, will translate into a R13.5-billion, or 33.7%, increase in the mining industry’s electricity costs to R53.5-billion by the end of 2024, the council states.

South32's Harris takes the wheel at Sandfire

South32's Harris takes the wheel at Sandfire: Copper miner Sandfire Resources has appointed Brendan Harris as its new CEO and MD, following the shock exit of founding CEO Karl Simich at the end of September. Harris, an exploration geologist, has held senior executive roles with diversified miners BHP and South32, and has been a member of South32’s executive management team since its demerger from BHP in 2015 and played a key role in the company’s establishment as its inaugural CFO.

Cabinet endorses Just Energy Transition Partnership Investment Plan ahead of COP27 (Present Post no 3)

Cabinet endorses Just Energy Transition Partnership Investment Plan ahead of COP27: Cabinet has officially endorsed the Just Energy Transition Partnership Investment Plan (JETP-IP) following a presentation it received at its latest meeting, held on Wednesday October 19. “After welcoming a presentation on the JETP and the JETP-IP, Cabinet endorsed the

UPDATES

 SEE ALL THE UPDATES IN THE RIGHT HANDED COLUMN.

ALSO READ THE PREVIOUS POSTS FOR MORE INFORMATION ON PGM MINERALS FOR AN INSIGHT TO THE FUTURE IN THE posts