Miningweb Weekly: Trump’s mining boom, SA’s missed chances, and China’s rare earth power play

From Joburg to Washington, mining is being reshaped by politics and power. Peter Major joins Alec Hogg to unpack how Donald Trump’s “drill, baby, drill” revival is fuelling a new U.S. mining boom while South Africa keeps digging itself into decline. They dissect Gwede Mantashe’s missed opportunity at the Joburg Indaba, the syndicates gaming the JSE, and why China’s dominance of rare earths could rewrite the global balance of power.

Timestamps
00:00 – Alec opens: “My favourite chat of the week”
00:40 – Reflections on the Joburg Indaba
02:00 – SA mining’s wasted potential
03:00 – The Zambia warning: how to destroy a mining giant
06:30 – Gwede Mantashe’s missed opportunity
09:00 – Transformation vs real growth in mining
11:30 – Why investors are leaving South Africa
12:00 – Trump’s “drill baby drill” mining boom
13:50 – How Trump is changing global mining
15:00 – South Africa’s lost credibility with investors
16:30 – Trump vs ANC ideology
18:00 – America’s resource advantage
20:00 – What SA can learn from Trump’s deregulation
22:00 – The failure of capital allocation under the ANC
24:00 – Can Trump overreach with state investments?
26:00 – Corruption, BE, and the JSE’s “dozy” oversight
29:00 – Mike Miller vs Moti and Paul O’Sullivan
31:00 – How SA’s regulations feed syndicates
33:00 – Cyril’s 10-point plan — “smoking a joint after getting drunk”
36:00 – China’s rare earth dominance explained
39:00 – The new “nuclear weapon” of global power
41:00 – Trade tensions, drones, and the future of war
42:00 – SA miners selling abroad for 4x the price
43:00 – Why Trump won’t tariff South African PGMs
44:00 – America’s nuclear and auto interests
45:00 – Final thoughts: working with America is not that hard

Video production by Asime Nyide

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