Anglo American says Eskom a major risk as it mulls growth
Eskom, which produces about 95% of South Africa’s power, has been forced to implement rolling blackouts that caused economic output to contract the most in a decade in the first quarter.
OSIRIS-REx will collect samples from an asteroid and return them to Earth, in what it could be a pivotal step for firms currently planning to tap into the space mining business.
After four grinding years of falling metal prices and vanishing market capitalizations, we have seen a stunning shift in market sentiment since mid-January, says Matt Geiger of MJG Capital. Multiple physical commodities are now in technical bull markets.
Signs of resurgence in platinum, a stronger gold price and growing coal exports to India should be triggers for South Africa’s mining leadership to grasp the opportunities that it missed in the last commodity boom, according to consulting engineers and scientists SRK Consulting (South Africa).
Large scale futures speculators and PGM investors in physically-backed exchange traded funds are taking wildly different views of the outlook for the metals.