DIRS.INFO The most relevant business & tech news

☆ We saw weak demand in diamond and PGM markets in 2023, says Anglo American CEO
▼ + stars: | 2024-02-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe saw weak demand in diamond and PGM markets in 2023, says Anglo American CEODuncan Graham Wanblad, CEO of Anglo American, discusses the mining industry and the macroeconomic picture after its full-year earnings.

Persons: Duncan Graham Wanblad Locations: American

☆ Low Platinum Prices Show How Banking on Miners Could Threaten the Energy Transition
▼ + stars: | 2023-11-15 | by ( Yusuf Khan | ) www.wsj.com time to read: +5 min

Platinum is used to make the electrolyzers that produce hydrogen and the sharp down cycle in South Africa’s platinum mining sector demonstrates the risk that low prices and lack of investment could slow the energy transition. Prices for other commodities have also fallen, while miners have been complaining of rising costs and seem to be limiting their capital expenditures. Photo: michele spatari/Agence France-Presse/Getty ImagesFor the mining sector, cyclical returns are nothing new. Ray said many South African PGM miners are now selling their output at close to the cost of production, eating away at profitability. “To the extent that PGM prices stay at current levels, I would not be surprised to see more supply-side reaction,” Ray said.

Persons: Waldo Swiegers, ”, Tom Price, michele spatari, We’ve, ” Emma Townshend, ” Townshend, Raj Ray, Ray, ” Ray, ” Implats’s Townshend, Implats, Yusuf Khan Organizations: Bloomberg, Liberum, Agence France, PGM, Times, Business, BMO Capital Markets, Metals Locations: Sibanye, Africa, Johannesburg, Stillwater, South, South Africa, Marikana, U.S, China, Europe, Implats

☆ Amplats shares fall after power outages dim outlook
▼ + stars: | 2023-02-20 | by ( Nelson Banya | ) www.reuters.com time to read: +3 min

Amplats' shares were down 3.1% by 1130 GMT, having hit their lowest since early October 2020 earlier in the session. Amplats Chief Executive Officer Natascha Viljoen on Monday said South Africa's electricity crisis and the impact of Russia's invasion of Ukraine would lead to a decline in global PGM supply. Rising interest rates and a strong dollar typically result in lower prices for PGM, especially platinum, Amplats said. South Africa, the world's top PGM producer, is experiencing extended electricity cuts as coal-fired generating plants suffer frequent breakdowns, meaning Amplats's refined PGM output could fall by 5% in 2023, Viljoen said. Amplats declared a total dividend of 115 rand per share, down from 300 rand per share last year, returning $1.66 billion to shareholders.

☆ Dozens of merchant ships stuck off Iran as payment snags bite - sources
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +2 min

LONDON, Dec 21 (Reuters) - Dozens of merchant ships with grains and sugar are stuck outside Iranian ports after weeks of delays as payments snags disrupt flows of goods into the country, according to trade sources and shipping data. The latest payment issues have led to ships being unable to discharge cargoes, with at least 40 bulk carrier ships stuck outside the major Iranian ports of Bandar Imam Khomeini and Bandar Abbas, ship tracking data on Refinitiv showed. In the previous five seasons, imports had averaged just 1.1 million tonnes, the data showed. One Western trade source familiar with the matter estimated that the cargoes stuck outside Iran's port are worth more than $1 billion with charterers of the cargoes also facing delay costs known as demurrage. Broker Paragon Global Markets (PGM) said it was not clear how many of the vessels might have sugar cargoes onboard.

☆ Small Grants Programme – Democracy 2021 (EDMITE) / „Programul de Granturi Mici – Democrația 2021” (EDMITE) / Программы малых грантов – Демократия 2021 (EDMITE)
▼ + stars: | 2021-01-22 | by ( Alte Articole | ) www.civic.md time to read: +17 min

DOCUMENTS TO BE INCLUDED IN THE APPLICATION PACKAGEApplication Form (which will include the requested budget and activity timelines), filled either in Romanian, English or Russian. Please, note that applications received by post will be rejected. The deadline for submission of Project proposals is 25th of February 2021, at 16:00 (Moldova Local Time). The link to the Zoom online session will be provided by email to the entities that confirmed their participation. All clarifications and answers related to the application process will be published on the UNDP Moldova website https://sc.undp.md/tnddetails2/2198/ under the page for SGP - Democracy 2021.

Persons: Eva Bounegru, Cristina Panov, Proiectele, De, adresa, engleză, Formularul, alte, DEPUNEREA CERERILOR, GRANT Dosarul, Eva Bounegru prin, ora, aplicare, Reprezentanții, expediat, Cristina Panov la, Eva Bounegru la, Ms, Ева Боунегру, Ева Боунегр, Кристине Панова, Еве Боунегру Organizations: UNDP, SGP, Parties, CVs, –, din Republica Moldova, ПРООН, ПМГ Демократия, ПМГ Демократия .[ Locations: Moldova, Moldovan, UNDP Moldova, Romanian, Russian, din, uri, Republica Moldova, jos, Luni, Republic of Moldova, Молдова, Республика Молдова, США

Search resuls for: "PGM"

5 mentions found