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Chinese newspaper suggests cut imports, downgrade ties with Australia

By: Reuters     Updated 7 hours ago China should downgrade its ties with Australia, including cutting imports and postponing a visit by Prime Minister Malcolm Turnbull to underscore Beijing's unhappiness at recent anti-China sentiment, a state-run paper said on Wednesday. Relations between the two countries have cooled since late... 

Australia-EU FTA an opportunity to remove tariffs on resources trade

By: Esmarie Swanepoel     Updated 7 hours ago The Australian resources sector has welcomed the start of free trade agreement (FTA) negotiations between Australia and the European Union (EU), with the Minerals Council of Australia (MCA) saying it would present a significant opportunity to boost trade, investment and economic engagement... 

Supply Chain The New Weak Link In Business Security As Ransomware Attacks Increase According To Dimension Data

22nd May 2018 Cyber-criminals are turning their attention to the supply chain as a new means to exploit business data 17 May 2018 – 2017 saw a worrying increase in ransomware and other cyberattacks targeting the supply chain, with the business and professional services sector receiving a significant increase... 

Kodal extends Sogola-Baoule prospect

By: Simone Liedtke     21st May 2018 West Africa focussed Kodal Minerals has extended its Sogola-Baoule prospect’s strike length at the company’s Bougouni lithium project, in southern Mali, to over 1 000 m, following results from 15 reported drill holes in March. The mineral exploration and development company further highlighted... 

Verdant gets offtake interest at Ammaroo

By: Esmarie Swanepoel     21st May 2018 ASX-listed Verdant Minerals has signed a non-binding offtake memorandum of understanding (MoU) for the potential sale of 100 000 t/y of rock concentrate from its Ammaroo phosphate project, in the Northern Territory. The MoU was inked with fertiliser manufacturer and marketer Ameropa Australia. 

Murray & Roberts Announces The Potential Combination With Aveng Limited

18th May 2018 Murray & Roberts Holdings Limited (“Murray & Roberts”) today announced a potential transaction, proposing to make an all share offer to acquire the entire issued share capital of Aveng Limited (“Aveng”), as well as to implement a solution to enable the early redemption of the Aveng convertible... 

M&R hopes to convince ATON of commercial merits of Aveng tie-up

By: Terence Creamer     18th May 2018 Murray & Roberts (M&R) CEO Henry Laas says he will make every effort to convince its largest shareholder ATON – the German family-owned business, which owns 39% of the company and which has made a firm offer to acquire majority control of the South African engineering and construction group – of... 

Australia’s MCA welcomes gold report

By: Esmarie Swanepoel     18th May 2018 The Minerals Council of Australia (MCA) has welcomed a new report by the World Gold Council (WGC), which states that gold will continue to be valued over the next 30 years, with new uses for gold meaning new opportunities for producers. “New uses for gold including in antibiotics, smartphones... 

Zimbabwe lithium excites but projects face funding hurdle

By: Reuters     18th May 2018 Zimbabwe has a small window of up to 24 months to start producing battery grade lithium and ride the wave of high prices, miners said on Thursday, but the country's high political risk made financing projects difficult. Since the fall of Robert Mugabe after a de facto military coup last November,... 

Congo billionaire seeks French loan to develop iron-ore railway

By: Bloomberg     17th May 2018 Paul Obambi, a billionaire investor in the Congo Republic, is in talks with French lenders to fund a railway he’s building to export iron-ore. Obambi’s company Sapro SA is negotiating with “a consortium of banks” to finance the 450-km track that will link the southwestern town of Mayoko to a... 

Copper industry in crisis, new areas pursued

By: Jessica Oosthuizen     17th May 2018 The global copper industry is in crisis – traditional orebodies are becoming depleted and the commodity market has depressed the price of copper to such an extent that mining companies cannot afford to invest in expansion or new equipment, says foundry and engineering company Thos Begbie group... 

Gold to maintain its significance for decades to come – WGC

By: Nadine James     17th May 2018 Having compiled and published the ‘Gold 2048: The next 30 years for Gold’ report, the World Gold Council (WGC) has concluded that gold will “continue to be recognised, appreciated and valued in the years ahead” The report, released on Thursday, looks at the next 30 years and considers ways in... 

Poynting looks to the rest of Africa as it continues to expand globally

By: Irma Venter     17th May 2018 Johannesburg-based Poynting Group is seeking to expand its business to the rest of the Africa, says CEO Michael Howard. Poynting is already well known outside Africa, with 50% of its revenue flowing from Europe, the US, Australia and Scandinavia. Manufacturing is based in Midrand and China, with... 

Rising resource nationalism seen as 'fire burning' for miners

By: Bloomberg     17th May 2018 A rising tide of resource nationalism is causing miners to rethink where they invest and creating volatility for a sector already buffeted by brewing trade wars. “A significant industry issue is resource nationalism,” Rio Tinto Group CEO Jean-Sebastien Jacques told investors at a conference in... 

Rio Tinto CEO calls for 'United Nations of the mining world'

By: Reuters     16th May 2018 Rio Tinto CEO Jean-Sebastien Jacques said resource companies needed to build "the United Nations of the mining industry" to tackle rising resource nationalism and cost inflation. Rising commodity prices typically lead to resource nationalism as they inspire resource-holding nations to demand... 

Fogmaker fire suppression system takes the heat in the forestry industry

16th May 2018 South Africa‘s plantation area covers more than 1.5 million hectares, stretching over five provinces - Limpopo, Mpumalanga, KwaZulu-Natal, the Eastern and Western Cape. “With the forestry industry in the summer rainfall areas nearing the fire season, forestry machinery not fitted with a fire... 

Australia's trade minister says China ties a priority after recent "differences"

By: Reuters     16th May 2018 Australia's trade minister will use a visit to China this week to reinforce ties with his country's largest trading partner, he said on Wednesday, following a recent souring in relations. Steven Ciobo's arrival in Shanghai on Thursday marks the first trip by an Australian minister in eight... 

Australia urged to tap into multibillion-dollar lithium value-add potential

By: Esmarie Swanepoel     16th May 2018 The Association of Mining and Exploration Companies (Amec) has called on state and federal governments to encourage investment in the lithium-ion battery industry, to take advantage of Australia’s natural endowments. A new report by Amec on Wednesday noted that Western Australia mined about 60%... 

Private firm takes on Codelco for control of Chile lithium deposit

By: Reuters     15th May 2018 A foreign-backed miner has sued Chile to block state-run Codelco from exploiting a lithium deposit where both have claims, according to a lawsuit filed in March that will be carefully watched by potential investors being courted by the country's new government. The little-known and remote... 

Interconnected Carnarvon basin will get more LNG to market – Chevron

By: Esmarie Swanepoel     15th May 2018 US oil and gas major Chevron has called for greater cooperation between industry players and the government to unlock future value in the Carnarvon basin, offshore Western Australia. Speaking at the Australian Petroleum Production and Exploration Association (Appea) conference, in Adelaide,... 

Australia East Coast gas prices seen rising as cheap gas supply dwindles

By: Esmarie Swanepoel     15th May 2018 Australia’s East Coast gas prices are forecast to rise up to 30% to between A$10/GJ and A$13/GJ by the mid-2020s, as cheap gas supply continues to decline, advisory firm Wood Mackenzie has reported. Speaking at the Australian Petroleum Production and Exploration Association (Appea) conference,... 

WPA under review

By: Esmarie Swanepoel     14th May 2018 The Australian government will conduct a review of the Woomera Prohibition Area (WPA) coexistence framework. The 2018 review is a recommendation of the 2010 review of the WPA, which led to the establishment of a coexistence framework that balances the interests of all users in the area. 

LNG exports put Australia oil and gas in trade surplus

By: Esmarie Swanepoel     14th May 2018 The Australian oil and gas industry recorded a trade surplus for the first time in 13 years in 2016/17, new data from the Australian Petroleum Production and Exploration Association (Appea) has shown. Appea on Monday reported that owing to a 35% increase in the value of liquefied natural gas... 

India's thermal coal imports rise over 15% in Q1 – trader

By: Reuters     11th May 2018 India's thermal coal imports rose by more than 15 percent in the first three months of 2018, with Indonesia accounting for about three-fifths of total supplies, according to vessel arrival data from Dubai-based coal trader American Fuels & Natural Resources. India's rising coal imports are... 

Legal fight, delays force Adani writedowns on Carmichael Coal

By: Bloomberg     11th May 2018 Indian conglomerate Adani Enterprises Ltd. has taken a 896.4-million rupees ($13.3-million) writedown on its Carmichael coal mine in Australia’s Queensland state due to delays and legal challenges. The impairment charge was booked by its Australian unit Adani Mining Pty in the quarter ended... 

Drone industry to expand in 2018

By: Erin Steenhoff-Snethlage     11th May 2018 Any sector has the potential to adapt drones to its purposes, owing to drones being versatile, relatively low cost and on an upward trajectory in terms of technological development, says United Drone Holdings CEO Sean Reitz. “Mines have adopted drones for aerial surveys, which is a cheaper,... 

Marenica adds to Namibia uranium portfolio

By: Esmarie Swanepoel     10th May 2018 ASX-listed uranium company Marenica Energy has struck a deal with fellow listed Metals Australia to acquire the Mile 72 uranium project, in Namibia. Under the terms of the agreement, Marenica will pay A$30 000 in cash and a preferential dividend of 1% of gross production from the project.  

First Hero class vessel calls at Port of East London

By: Marleny Arnoldi     9th May 2018 The Port of East London on Wednesday hosted the first Post Panamax high efficiency Ro-Ro (Hero) class vessel to call at the port.  

Careful process consideration, augmentation delays Elandsfontein phosphate mine

By: Marleny Arnoldi     9th May 2018 Investment company African Rainbow Capital on Wednesday announced delays to its 25%-owned Elandsfontein phosphate mine.  

Budget highlights mining’s fundamental role in Australian economy

By: Esmarie Swanepoel     9th May 2018 The Minerals Council of Australia (MCA) has called for economic reforms to boost investment in the resources sector, after the federal Budget revealed that the industry is accounting for a significant portion of revenue. The MCA’s interim CEO, David Byers, said on Wednesday that the record... 

Private firm takes on Codelco for control of Chile lithium deposit

By: Reuters     9th May 2018 A foreign-backed miner has sued Chile to block State-run Codelco from exploiting a lithium deposit where both have claims, according to a lawsuit filed in March that will be carefully watched by potential investors being courted by the country's new government. The little-known and remote... 

Encounter hopes for gold in WA

By: Esmarie Swanepoel     9th May 2018 Junior Encounter Resources has acquired the Nazare gold project, in Western Australia, and is aiming to start exploration work in July this year. The company said on Wednesday that initial exploration work on the granted exploration licence wouldfocus on a priority structural intersection... 

Vast achieves record Q1 gold production in Zim, Mercuria offtake finalised

By: Marleny Arnoldi     8th May 2018 Aim-listed mining and resource development company Vast Resources achieved record first-quarter gold production of 6 326 oz at its 25%-owned Pickstone-Peerless gold mine, in Zimbabwe.  

Govt lends approvals assistance to offshore Transborders LNG project

By: Esmarie Swanepoel     8th May 2018 The federal government has granted special project status to the A$1.6-billion offshore gas project being developed by unlisted Transborders Energy. Perth-based Transborders Energy is planning a floating liquefied natural gas (FLNG) project, which is expected to increase Australia’s LNG exports... 

Newcrest signs up for Northern Territory exploration

By: Esmarie Swanepoel     8th May 2018 Gold miner Newcrest Mining has signed a non-binding heads of agreement (HoA) with fellow-listed ABM Resources over its Euro project, in the Northern Territory. The two companies will now negotiate a binding farm-in and joint venture agreement, under which Newcrest could earn a 75% interest in... 

South African output rises as AngloGold delivers at lower cost

By: Martin Creamer     8th May 2018 The smaller South African footprint of gold-mining company AngloGold Ashanti, consisting of one underground mine and one tailings treatment operation on surface, delivered impressive first-quarter results with rising production and reduced rand-denominated costs. Production rocketed 29% at... 

South African farmers take AB InBev to competition watchdog

By: Reuters     7th May 2018 Farmers in South Africa have filed a complaint with the country's competition watchdog about Anheuser-Busch InBev's decision to change its pricing formula for buying malt barley, a key ingredient in beer making. The farmers lobby group Grain South Africa believes AB InBev, the world's biggest... 

Redefine maintains full-year distribution growth guidance at 5%

By: Marleny Arnoldi     7th May 2018 JSE-listed real estate investment trust Redefine Properties has declared a distribution of 47.3c a share for the six months ended February 28, a 5.5% improvement on the 44.8c a share for the comparable period in 2017, maintaining the company’s full-year growth guidance.  

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