Miningweb Weekly: Peter Major - “Gold’s peaked, but South Africa’s next big bet is rare earths”

Описание: In this week’s Miningweb Weekly, veteran analyst Peter Major joins Alec Hogg to unpack the latest in the global commodities rollercoaster. From gold and Bitcoin’s cooling rally to South Africa’s rare earth jackpot at Steenkampskraal, Major explains why investors should brace for a three-year plateau in precious metals - and why America’s growing interest in rare earths could rewrite South Africa’s mining future. A sharp, grounded look at where the smart money’s heading next.

Timestamps
00:00 – Alec Hogg introduces Peter Major for Miningweb Weekly
00:35 – The big story: gold, silver, and Bitcoin take a hit
01:20 – Peter Major: “Yes, I think gold has peaked for now”
02:30 – Comparing today’s gold boom to the 1970s
03:50 – Why gold might be flat for the next 3–5 years
04:40 – Krugerrands and the Rand’s long-term depreciation
05:30 – Why safe, “boring” investments still work
06:15 – The Bernie Madoff lesson on steady returns
07:20 – Gold in Rand terms vs US dollars
08:00 – Keeping gold as a crisis hedge
09:00 – Peter’s personal gold story — selling bullion to fund mines
10:00 – “You’ve got to stay alert to what you’re investing in”
11:00 – South Africa’s rare earths: Steenkampskraal explained
12:10 – Anglo American’s 1970s data still holds up today
13:40 – “Old geological data never dies — it’s still accurate”
15:20 – Why Steenkampskraal could be the richest rare earth deposit
16:10 – The ESG challenge and radioactive regulations
17:40 – “100 years ago you’d just mine and sell — now it’s paperwork”
18:50 – Government red tape vs investor timelines
19:40 – IDC’s R200 million investment — but it’s just a start
20:30 – Why the US could invest under Trump’s new Africa policy
21:30 – “If we pitch it right, we could land American money”
22:20 – South Africa’s missed opportunities with the US
23:00 – How Ramaphosa’s exit could change everything
24:00 – “We need business-minded leadership — not ideology”
25:00 – Relaxing BEE rules to attract investors
26:00 – The broken cadastral system holding mining back
27:20 – How Africa implemented what SA still hasn’t
28:10 – Political decay and the aging ANC elite
29:00 – “Cracks are showing — that’s where the light gets in”
30:30 – Leadership legacies from Mandela to Ramaphosa
31:40 – Can South Africa still attract foreign investors?
32:50 – Mining inflation and rising costs explained
34:00 – “These cost numbers look too good to be true”
35:20 – The gold price effect on mining decisions
36:30 – How managers cut costs when revenue dips
37:40 – Why unions like Amcu are now more mature
38:50 – “Union leaders understand business better than politicians”
40:00 – Peter Major closes with lessons for South Africa’s future

Video production by Asime nyide

Support South Africa’s bastion of independent journalism, offering balanced insights on investments, business, and the political economy, by joining BizNews Premium. Register here - https://bit.ly/4ifcIWO

Your early morning brew of the BizNews Insider keeps you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here - https://bit.ly/3is4b7l

Join this channel to get access to perks:
   / @biznewstv