The SAIMM is a professional institute with local and international links aimed at assisting members source information about technological developments in the mining, metallurgical and related sectors.
The global refined copper balance for the first eleven months of 2017 indicates a deficit of about 195 000 t, some 27% wider than at the same time a year earlier, the latest data from the Lisbon-based International Copper Study Group (ICSG) shows.
The think tank fingered an almost stagnant growth in world refined copper supplies to blame for this trend, adding to a 40 000 t month-over-month widening of the copper supply gap.
The global lead market showed a surplus of 20 000 t in December, after a surplus of 9 900 t in November, data from the Lisbon-based International Lead and Zinc Study Group (ILZSG) showed on Tuesday.
For January to December, the lead market had an output deficit of 165 000 t, compared with a surplus of 16 000 t in the previous year.
South African gold mines now represent around 13% of the AngloGold Ashanti portfolio, AngloGold Ashanti CEO Srinivasan Venkatakrishnan (Venkat) said on Tuesday. The fall in the contribution from AngloGold's South Africa region mines follows the sale of Moab and Kopanang and the closure of the Tau Tona gold mine, which leaves the Johannesburg- and New York-listed gold mining company with only two remaining South African gold operations - Mponeng, the deepest mine in the world, and Mine Waste Solutions (MWS), a surface tailings retreatment operation. (Also watch attached Creamer Media video).