Global platinum production is expected to recover by 21.9% in 2021 after a steep decline in 2020, says GlobalData. The leading data and analytics company notes that recovery in the automotive and jewelry sectors has led to a rise in demand for platinum production, which will reach 6.03 million ounces (moz).
Metals and minerals will play an important role in the global transition to a greener future. Mining executives now have a choice: let environmental, social and governance (ESG) issues run them out of business or use it as an opportunity to become tomorrow's leader, says GlobalData.
TD Securities was the top mergers and acquisitions (M&A) financial adviser in the metals & mining sector for Q1 2021 by volume, while Goldman Sachs and Perella Weinberg Partners jointly held the top position by value. Both Goldman Sachs and Perella Weinberg Partners advised on one deal each worth US$1.7bn, which was the highest value among all the advisers. Meanwhile, TD Securities led in volume terms having advised on three deals worth US$1.2bn. A total of 374 M&A deals were announced in the sector during Q1 2021, according to GlobalData, a leading data and analytics company.
Coal production from the top ten mining companies (Coal India, China Shenhua, Yanzhou Coal, Peabody, China National Coal, Glencore, Siberian Coal, PT Bumi, BHP and Arch Resources) fell from a collective 1,704Mt in 2019 to 1,633Mt in 2020, which is a 4.2% decline. The most significant declines were observed from Arch Resources (28.6%), PT Bumi (24.9%), Glencore (23.9%), and Peabody (21.8%), according to GlobalData, a leading data and analytics company.
Predictive maintenance is investment priority for miners with 48% likely to invest in the next two years, says GlobalData
Lockdowns across Chile, Peru and Mexico, including the closure of some of the world’s largest copper mines, were a key factor behind a 3.7% collective decline in copper output from the world’s top ten producers in Q2 2020, from 2.7 million tonnes (Mt) to 2.6Mt.
The global bauxite mine production is expected to be marginally affected by the temporary suspension of mines due to the Covid-19 pandemic and is forecast to decline by just 0.1% to 344Mt in 2020, says GlobalData, a leading data and analytics company.
Despite disruptions during Q1 2020, global coal production is expected to grow, albeit by a marginal 0.1% to 8.13 billion tonnes (Bnt) in 2020, says GlobalData, a leading data and analytics company.
McCarthy Tetrault has dominated the mergers and acquisitions (M&A) legal advisers league table, by leading data and analytics company GlobalData, based on deal value in Q1 2020, having advised on two deals worth US$748.4m.
Iron ore exports from India are expected to decline by around 25% to 23.3 Mt in 2020 due to the coronavirus (Covid-19) outbreak and the subsequent closure of ports, shortage of workers and transport restrictions, which are severely disrupting the exports as well as the domestic supply, says GlobalData, a leading data and analytics company.
Canada’s metals & mining industry saw a rise of 19.4% in overall deal activity during February 2020, when compared with the last 12-month average, according to GlobalData’s deals database.
After the UK left the European Union on 31 January, GlobalData asked the readers of Mining Technology to vote on what they expected Brexit’s effect on the UK mining industry to be. According to the 2,094 respondents, 29% saw the move as strongly positive, 28% strongly negative, 16% slightly negative, 10% slightly positive and 17% neutral.
GlobalData’s Mining Technology writer Yoana Cholteeva comments: “Brexit has already had a significant effect on the UK mineral industry. Market conditions and the ongoing uncertainty surrounding Brexit saw UK-based operator Sirius Minerals cancel a US$500m bond sale to finance its polyhalite Woodsmith project in North Yorkshire in September 2019, a mining project which would have become the biggest in the UK.
Canada’s metals & mining industry saw a drop of 44.7% in overall deal activity during December 2019, when compared with the last 12-month average, according to GlobalData’s deals database.
A recent report from the UK Office of Science and Technology states that while the UK is dependent on imported critical minerals for a number of sectors there is no specific strategy for their supply, a worrying thought considering the implications of recent trade wars.
By developing technology innovation and rethinking business models, a new EU-funded project hopes to improve the commercial viability of mining modest but high-grade critical raw mineral deposits across Europe.
GlobalData's mining technology writer Heidi Vella looks at the project.
With increased demand for stainless steel production and recent developments in technologies such as electric vehicles, demand for nickel is higher than ever. Unfortunately, this demand is struggling against an increasingly tightening supply of this now essential metal.
Geoscience Australia has been trialling its Satellite-Based Augmentation System (SBAS) for the last 18 months. EY has published a report claiming that the tech could be worth A$6bn to the Australian economy if deployed across Australia and New Zealand, promising benefits for the resource sector.
The Australian government has announced A$12.5m in funding, from government reserves and industry organisations, to support a training centre at the University of Adelaide to educate miners and engineers in emerging technologies.
It's a question that can be asked of any industry: what will the sector look like in the years to come? How will demands change, skills evolve and the technologies used advance? And what impact will that have? For the global resources industry – and particularly mining – that question has some different answers.
Total metals & mining industry M&A deals in September 2019 worth $1.9bn were announced globally, according to GlobalData’s deals database.