• 4 minutes Projection Of Experts: Oil Prices Expected To Stay Anchored Around $65-70 Through 2023
  • 7 minutes Oil prices forecast
  • 11 minutes Algorithms Taking Over Oil Fields
  • 14 mintues NIGERIAN CRUDE OIL
  • 3 hours UK, Stay in EU, Says Tusk
  • 3 hours Nuclear Power Can Be Green – But At A Price
  • 28 mins Chevron to Boost Spend on Quick-Return Projects
  • 20 hours Blame Oil Price or EVs for Car Market Crash? Auto Recession Has Started
  • 8 hours Socialists want to exorcise the O&G demon by 2030
  • 4 hours U.S. Treasury Secretary Mnuchin Weighs Lifting Tariffs On China
  • 17 hours Venezuela continues to sink in misery
  • 11 hours What will Saudi Arabia say? Booming Qatar-Turkey Trade To Hit $2 bn For 2018
  • 8 hours Maritime Act of 2020 and pending carbon tax effects
  • 1 day WSJ: Gun Ownership on Rise in Europe After Terror Attacks, Sexual Assaults
  • 1 day How Is Greenland Dealing With Climate Change?
  • 10 hours German Carmakers Warning: Hard Brexit Would Be "Fatal"
  • 1 day Trump inclined to declare national emergency if talks continue to stall - Twitter hides this as "sensitive material"
  • 3 hours Regular Gas dropped to $2.21 per gallon today
Alt Text

This Supermajor Is Leading The Energy Sector

This supermajor has been standing…

Alt Text

How To Play A Recovery In Oil Prices?

A realistic correction in the…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Trending Discussions

What Do Platinum, Coal, and Manganese Have in Common?

There are today a lot of hidden ties between different business sectors and far-flung parts of the world.

And I'm increasingly convinced that many of the global threads in the minerals industry are today running through South Africa.

Most of us know the nation is a critical supplier of gold and platinum. But lesser known is that South Africa also supplies a good chunk of the world's palladium, chromium, titanium, vanadium, manganese, vermiculite and zirconium.

These are key parts of the global mineral supply chain. And they may be increasingly in jeopardy.

That's because of a movement afoot to amend South Africa's Mineral and Petroleum Resources Development Act.

The Act is old (formulated in 2004) and vague. Draft amendments were presented in December. And miners immediately jumped to arms over several of the proposed changes.

These onlookers sent in a slew of suggested revisions to the government. But a "revised" draft unveiled in June showed almost no substantial changes.

The government is now taking comments on the new bill for the next few weeks. After September 6, they will look to go final with the amendments.

A look at some of the proposed changes shows why miners are upset. The new laws may require increased levels of in-country processing of minerals. The code also contemplates a 10% confiscation of revenues for miners with liabilities on old mines. Even those where closure certificates have already been issued.

One of hardest-hitting clauses may be the declaration of strategic minerals. Speculation is the government may look to control supply and pricing of commodities it deems important to national interest.

Coal has already been identified as one of those strategics. And here's where the unexpected ties come in.

As we've discussed, India is ramping up thermal coal demand in a major way. And South Africa is one of the few nations positioned to affordably supply coal there.

India has been increasingly bringing in South African output. But that could change quickly if a strategic declaration is made. Leaving the Asian coal market even tighter.

Just one example of how this critical juncture for South Africa's mineral business could pull strings around the world. Keep an eye on this development. And watch for the threads starting to twist (or unravel).

Here's to the interconnectedness of things,

By. Dave Forest




Back to homepage

Trending Discussions


Leave a comment
  • Philip Branton on August 21 2013 said:
    You ask what they have in common.......?

    Hmm, it is obvious that rail and trucking and shipping stocks all hang in the balance too.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News