Mining Weekly | Africa

• Mining well placed to maintain healthy profits despite pandemic impacts, says Stanlib
  Asset manager Stanlib says the scars from a blow-out of corporate bond yields and indebted miners finding themselves on the brink of collapse have ultimately introduced good balance sheet and operational discipline into the sector. This included rationalising growth plans and consolidating assets into higher-quality portfolios, which improved the effectiveness of these businesses, says balanced portfolio manager Kobus Nell.
• Glencore welcomes Australian govt's investments for clean future
  Diversified miner Glencore has welcomed the Australian federal government’s decision to invest A$1.9-billion in a suite of new and emerging energy technology to position the country for a low-emission future. To this end, metals and minerals will play a key role in the global transition to a low-emission future.
• European benchmark ferrochrome price remains at $1.14/lb for the fourth quarter
  The European benchmark ferrochrome price for the fourth quarter has been settled at $1.14/lb, a rollover from the third quarter, JSE-listed Merafe Resources said on September 18. In July, Mining Weekly reported that the European benchmark ferrochrome price for the third quarter had been settled at $1.14/lb, a rollover from the second quarter.