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Barrick's Thornton puts Newmont in check in gold takeover game

By: Mariaan Webb     22nd February 2019 John Thornton, an ex-investment banker at the center of a wave of consolidation in the gold space, has just put his largest rival on the defensive. Thornton is executive chairman at Barrick Gold Corp, the world’s second-largest gold producer. On Friday, Barrick confirmed it is considering... 

On-The-Air (22/02/2019) 

By: Martin Creamer     22nd February 2019 The global mining world this week turned firmly against the building of dangerous slimes dams following the death of 170 people in Brazil. The world’s biggest coal supplier this week bowed to the science of climate change by putting the brakes on increased coal production. South Africa’s biggest... 

Bill C-69 threatens natural resources investments, institute warns

By: Mariaan Webb     22nd February 2019 Bill C-69 – the legislation the Canadian government introduced last year to overhaul federal environmental assessments for major projects – threatens to further depress investment in the “already depressed” natural resources sector, research institute CD Howe has warned. In a new report, ‘A... 

Bellevue raises A$20m for namesake project

By: Esmarie Iannucci     22nd February 2019 ASX-listed Bellevue Gold was hoping to raise A$20-million through a share placement to sophisticated and institutional investors. The company said it would place some 37-million shares, at a price of 55c each to raise the cash, which will be used to advance the Bellevue gold project, in Western... 

Australia Minister denies report of China coal ban

By: Esmarie Iannucci     22nd February 2019 The Australian government has moved to allay shareholder fears after the share prices of Australian coal miners tumbled on news that China’s northern port of Dalian had banned coal imports from Australia, and placed an overall cap of 12-million tonnes for coal imports during 2019. Trade,... 

Johnson Controls pleased with market response to YZ chiller

By: Cameron Mackay     22nd February 2019 Multinational diversified technology and industrial leader Johnson Controls is pleased with the positive market response to its new YORK YZ magnetic bearing centrifugal chiller, after its global release last September. With energy efficiency and a low global-warming potential refrigerant,... 

Magnitech

By: Creamer Media Reporter      22nd February 2019 Founded in 1969, this year, Magnitech celebrates 50 years of excellence in service to the lighting sector. Its reputation for providing quality technology and expert service has made Magnitech a market leader in the South African lighting industry.  

Productivity improvements, higher prices lift Anglo American’s FY18 Ebitda to $9.2bn 

By: Marleny Arnoldi     21st February 2019 Continued productivity improvements in underlying operations and better-than-expected prices have contributed to global diversified miner Anglo American’s 4% year-on-year increase in earnings before interest, taxes, depreciation and amortisation (Ebitda) to $9.2-billion for 2018. CE Mark... 

Coal capped at 150 Mt/y – Glencore 

By: Martin Creamer     20th February 2019 Diversified mining and marketing company Glencore has capped its coal capacity at 150-million tonnes of coal a year, a figure that it is close to and which it will not exceed. The company has been working on the cap with its investors since 2016 in the interests of the transitioning to a low... 

NAIF funding for Australia’s first SoP plant

By: Esmarie Iannucci     20th February 2019 The Northern Australia Infrastructure Facility (NAIF) will invest A$74-million in Australia's first plant to produce sulphate of potash (SoP). ASX-listed Kalium Lakes is developing the A$250-million Beyondie SoP project, which will produce 150 000 t/y SoP, with the option to incrementally phase... 

Price premiums boosting quality-focused Kumba Iron Ore  

By: Martin Creamer     19th February 2019 South Africa’s Kumba Iron Ore, which stands head and shoulders above its peers when it comes to iron-ore quality, is achieving major price premiums well above historical heights. Structural change and strong growth in particularly the China steel market has placed the Anglo American group company... 

M&R expects significant improvement in interim HEPS

By: Nadine James     19th February 2019 JSE-listed engineering group Murray & Roberts (M&R) expects a significant improvement in total earnings per share (EPS) and headline earnings per share (HEPS) for the six months ended December 31. Basic EPS for the period are expected to increase by between 57% and 75% year-on-year to between 44c... 

Chinese traders freeze Australian coal orders amid 40-day customs delays - sources

By: Reuters     19th February 2019 Chinese coal traders have stopped ordering Australian coal as clearing times through China's customs have doubled to at least 40 days, according to major buyers in China and international coal merchants, resulting in a sharp fall in Australian prices. The traders and a broker said only cargoes... 

Exxaro completes Tronox divestment

By: Simone Liedtke     18th February 2019 Diversified miner Exxaro Resources on Monday confirmed that NYSE-listed mining and inorganic chemicals company Tronox has completed the first stage of its redomiciliation, whereby it has acquired Exxaro’s remaining ownership interest in Tronox Sands for just over R2.06-billion, or about... 

On-The-Air (15/02/2019) 

By: Martin Creamer     15th February 2019 African countries are streaking ahead of South Africa on the mining automation front; mining companies are opting for solar power because it is cheaper than Eskom power; and only black-owned companies will be allowed to buy the seven mining operations that are up for sale in Mpumalanga.... 

Whitehaven posts record profits

By: Esmarie Iannucci     15th February 2019 Coal miner Whitehaven Coal has reported a record net profit after tax for the first half of 2019, on the back of an 11% increase in sales revenue. Net profit after tax for the six months to December reached A$305.8-million, up 19% on the previous corresponding period, after revenues increased to... 

NT moves to clarify offshore oil, gas industry’s nuclear waste obligations

By: Esmarie Iannucci     15th February 2019 The Northern Territory has passed the Nuclear Waste Transport Storage and Disposal (Prohibition) Amendment Bill, providing the offshore oil and gas industry with a blueprint of their obligations around the management of nuclear waste. The nuclear waste covered by the Bill included naturally... 

SA company receives multibillion-dollar contract

15th February 2019 Construction and engineering company Clough, a wholly owned subsidiary of South African engineering company Murray & Roberts - and part of the Clough Salini Impregilo Joint Venture (JV) - has been selected as the preferred tenderer for the multibillion Australian dollar civil works for the... 

South32 finalising preferred list of coal mine bidders 

By: Martin Creamer     14th February 2019 The complete preferred list of bidders for South32’s energy coal interests is still being finalised, South32 CEO Graham Kerr told Mining Weekly Online on Thursday, when he also provided three reasons why the company’s Australian manganese operations are doing better than its South African... 

More Professionals In Search Of A Better Work Life Outside Of South Africa, Global Study Reveals

14th February 2019 More young South African working professionals are willing to relocate for work compared to their contemporaries around the rest of the world, according to new research by the The Boston Consulting Group (BCG) and The Network, in association with CareerJunction. The study, which surveyed 366,000... 

Australia's Queensland Rail says expects to repair flooded track within 6 months

By: Reuters     14th February 2019 Australia's Queensland Rail said on Thursday that it expects a rail track hit by flooding this month that has disrupted zinc shipments from major producers like Glencore to be repaired within the next six months. The 1 000 km (620 mile) rail line is used by miners including Glencore, MMG Ltd and... 

Technology to change the face of Australia’s mining jobs

By: Esmarie Iannucci     14th February 2019 A new report by advisory firm Ernst & Young (EY) has revealed that technological advances will have a significant impact on the Australian resources sector, with some 77% of jobs in the Australian mining sector likely to be enhanced or re-designed due to technology, within the next five years. In... 

Australia targets 24 000 jobs with new resources policy framework

By: Esmarie Iannucci     14th February 2019 The Australian federal government on Thursday released a National Resources Statement, outlining plans to attract investment, develop new resources and markets and share the benefits of success with more regional communities. This is the first such statement for more than 20 years. 

Livent's lithium woes in China cloud industry outlook

By: Reuters     13th February 2019 Livent on Tuesday forecast a drop in Chinese lithium sales for the year because of uncertainty about the country's electric vehicle subsidies, a worrisome sign for other producers of the key battery component. The Philadelphia-based company, among the first major global lithium producers to post... 

Accenture seeks to improve mining sector data analytics 

By: Simone Liedtke     12th February 2019 Global professional services company Accenture is investing in a new Applied Intelligence Studio for Mining, in Johannesburg, which will combine the latest in data science and artificial intelligence technologies with deep industry knowledge for the development of new intelligent digital... 

Mandalay raises C$60m to stabilise liquidity position

By: Simone Liedtke     12th February 2019 TSX-listed Mandalay Resources has announced plans to raise C$60-million to address its short-term liquidity requirements. The financing will be raised through a marketed public offering of up to about C$50-million of subscription receipts and an $8-million convertible bridge loan from a CE Mining... 

As ice melts, Greenland could become big sand exporter - study

By: Reuters     11th February 2019 Greenland could start to export sand in a rare positive spinoff from global warming that is melting the island's vast ice sheet and washing large amounts of sediment into the sea, scientists said on Monday. Mining of sand and gravel, widely used in the construction industry, could boost the... 

On-The-Air (08/02/2019) 

By: Martin Creamer     8th February 2019 The Mining Indaba has become a budding United Nations of Africa that is singing off the same hymn sheet to build a better continent. De Beers stole the Mining Indaba show by announcing a R30-million investment in diamond exploration in South Africa. Gold mining companies that destroy Africa’s... 

Australia's Pacific National says coal train derailed, services disrupted

By: Reuters     8th February 2019 Australian coal haulier Pacific National said on Thursday that one of its trains derailed near the Hunter Valley in New South Wales and that some services would be affected while repair work was carried out. The Hunter Valley is Australia's top thermal coal-producing region and home to... 

LHDA appoints engineering panel for Phase 2 of the LHWP

By: Natasha Odendaal     8th February 2019 The Lesotho Highlands Development Authority (LHDA) has appointed an engineering panel of experts for the second phase of the Lesotho Highlands water project (LHWP II). The panel comprises a selection of experts from the UK, Europe, the US and Australia, with the combined knowledge covering... 

Big economic opportunity being missed as ewaste piles up

By: Natasha Odendaal     8th February 2019 The rise in electronic and electrical waste (e-waste) is resulting in a lost economic opportunity of $62.5-billion a year– a value greater than the gross domestic product of most countries – a new report shows. Each year, about 50-million tonnes of e-waste is being discarded – with less than 20%... 

Vale loses licence at dam that caused iron-ore force majeure

By: Bloomberg     7th February 2019 Vale’s licence to operate a dam key to production at one of its largest mines was revoked by a Brazilian state regulator on February 5, adding another hurdle to efforts by the iron ore king to return to normal operations. Shares declined. The world’s largest miner of the steelmaking ingredient... 

Gold Fields anticipates lower FY18 HEPS

By: Tasneem Bulbulia     6th February 2019 Dual-listed Gold Fields expects its headline earnings per share (HEPS) for the 12 months ended December 31, 2018 to be 65% to 81% lower year-on-year at between $0.05 to $0.09. In a trading update published on Wednesday, the gold producer said its basic loss a share would widen to between $0.40 to... 

UJ study provides glimpse into early stages of species formation in the sea

By: Marleny Arnoldi     6th February 2019 The University of Johannesburg (UJ) on Wednesday reported findings of an international study published in “Proceedings of the Royal Society B”, substantiating that warm and cool water temperatures over a long stretch of coastline cause new species of marine fish to evolve without being isolated... 

Ethiopia finalising mining industry reforms – minister

By: Reuters     6th February 2019 Ethiopia will finalise reforms for its underdeveloped mining and oil sectors within the next two months as it seeks to encourage more foreign investors, its mines and petroleum minister said on Tuesday. The country has already cut taxes for mining companies in recent years but the government... 

Australia miner Independence says in talks with potential buyers of battery chemicals

By: Reuters     6th February 2019 Independence Group, an Australian miner looking to move into making chemicals used in electric vehicle batteries, on Wednesday said it was in talks with a range of potential buyers of those products. The mid-tier miner trialled production of battery chemical nickel sulphate in December and... 

Glencore says heavy rain disrupts operations at two Australian coal mines

By: Reuters     6th February 2019 Global trader Glencore said on Wednesday that production at two of its Australian coal operations has been affected by heavy rain that has caused flooding in northern parts of Queensland state. "We have experienced short-term production impacts from heavy rain at our two most northerly coal... 

Coal gives Qld exports a boost

By: Esmarie Iannucci     6th February 2019 Queensland’s exports grew to A$81.7-billion in 2018, up 16% on the last year, with the resources sector accounting for 80% of the state’s exports. The Queensland Resources Council (QRC) on Wednesday said that Queensland coal exports had increased by more than 15% in value over the 12 months to... 

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