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BHP won't move Singapore marketing hub even if Australia cuts tax – CEO

By: Reuters     Updated 2 hours 47 minutes ago BHP Billiton will not move its low tax-paying Singapore marketing hub even if Australia goes ahead with plans to cut corporate taxes, CE Andrew Mackenzie said on Thursday. BHP's Singapore office is the focus of a long-running fight with Australia's tax office, which argues the company is... 

Newmont maintains steady reserve base as resources grow

By: Henry Lazenby     Updated 3 hours ago NYSE-listed US gold major Newmont Mining has replaced all the gold reserves it unearthed in 2017 and managed to grow its global resource base too, it announced on Wednesday. Gold reserves now total 68.5-million ounces for 2017, unchanged from 2016 as additions and revisions fully replaced... 

New Gold beats Q4 earnings forecast as it records record output

By: Henry Lazenby     Updated 4 hours ago TSX- and NYSE American-listed Canadian gold producer New Gold has reported a headline profit of $32.5-million, or $0.06 a share for the three months ended December, as record gold output boosted the bottom line. This was a marked improvement over the miner's performance in the comparable quarter... 

I-CAT offers end-to-end integrated dust-management solutions

     21st February 2018 I-CAT offers highly-effective dust-suppression systems for mines, based on extensive research and development, coupled with affordability. Thus it is able to provide end-to-end integrated dust-management solutions that comply with all relevant industry regulations and standards. I-CAT has... 

China’s iron-ore discounts hit Fortescue revenue, profit falls sharply

By: Mariaan Webb     21st February 2018 Chinese steelmakers’ demand for better-quality ore has had a significant impact on Australian miner Fortescue Metals’ half-year financial performance, with revenue contracting by 18% and net profit falling sharply, sending shares down about 4% on Wednesday. Australia’s third major iron-ore... 

China Hanking bids for Primary Gold

By: Reuters     21st February 2018 China Hanking Holdings launched a takeover bid for Australia's Primary Gold on Wednesday in line with a plan to build a long-term Australian gold business, valuing the target firm at A$37.5-million. China Hanking, which owns 8.4% of Primary Gold, will offer A$0.0575 a share for the miner... 

Imperial Holdings delves into unbundling plans, reports solid H1 results

By: Megan van Wyngaardt     20th February 2018 Imperial Holdings' plans for unbundling its Imperial Logistics and Motus entities, and listing them separately, are still in the works but are dependent on a number of internal and external factors, CEO Mark Lamberti said on Tuesday. The company last year said work was in progress to determine... 

After 2017 consolidation, mining to pre-empt future metals demand – EY

By: Schalk Burger     20th February 2018 With stronger balance sheets across the mining and metals sector, miners are increasingly returning to an investment-led strategy, which is driving a renewed focus on building portfolios that deliver sustainable shareholder returns, says multinational consultancy Ernst & Young (EY). The focus... 

Australian minerals sector calls for workplace relations, education reform to build future workforce

By: Creamer Media Reporter      20th February 2018 Australia’s higher education system should be reformed and outdated workplace relations laws that discourage investment and stifle innovation and efficiency should be fixed to build the future Australian minerals workforce, said Minerals Council of Australia (MCA) interim executive director David... 

Northern Star boosts exploration spend, unveils 'game changer' discovery

By: Simone Liedtke     20th February 2018 ASX-listed Northern Star Resources has increased its total exploration budget for the 2018 financial year by A$10-million to A$45-million, owing to a series of exploration results showing that the gold producer is set to establish a ten-year life at its 10-million-ounce endowed Jundee gold... 

Australian Mines shares surge 60% on offtake deal

By: Reuters     20th February 2018 Shares of battery and technology metals developer Australian Mines Ltd surged on Tuesday after the company signed an offtake agreement with South Korean battery maker SK Innovation for nickel and cobalt from its Sconi project. The commodity off-take agreement, which is for an initial period of... 

BHP rewards shareholders, profit jumps 25% on commodity prices

By: Mariaan Webb     20th February 2018 Higher commodity prices have helped the world’s largest diversified mining group to report a 25% increase in its underlying attributable profit and to reward shareholders with higher interim dividends. Melbourne-headquartered BHP grew its underlying attributable profit from $3.24-billion in the... 

RCT's Head of Product Management Dave Holman, RUC Cementation Mining's Finance Director John Walters view the signing of the partnership agreement with RUC Cementation Mining General Manager Barry Upton and RCT's Executive Director and CEO Brett White.

     20th February 2018  RUC Cementation Mining Contractors and RCT partnership Smart Technology company RCT and leading underground mining contractor RUC Cementation Mining Contractors have partnered together to further develop and deliver innovative technologies to the underground mining industry. The global... 

Emmerson and Evolution restructure Tennant Creek JV

By: Schalk Burger     19th February 2018 Joint venture (JV) partners Emmerson and Evolution Mining have agreed to restructure the Tennant Creek JV gold project, in the Northern Territory, to better align assets with the respective companies. Emmerson MD Rob Bills said on Monday that the company would retain a significant exploration... 

Po Valley declares maiden reserve for Teodorico

By: Creamer Media Reporter      19th February 2018 Australia’s Po Valley Energy, which is in the process of selling its Italian operations to Aim-listed Saffron Energy, has declared a maiden 2P reserve of 36.5-billion cubic feet of gas at the Teodorico gasfield, offshore Italy. Teodorico has the largest gas in place of all of Po Valley’s... 

Australian Mines signs offtake deal with Korea's SK Innovation

By: Reuters     19th February 2018 Battery and technology metals developer Australian Mines said on Monday it signed a deal with Korea's SK Innovation to supply cobalt sulphate and nickel sulphate from its flagship Sconi project. The commodity off-take agreement, which is for an initial period of seven years, is for SK... 

Cyclone Kelvin lashes West Australia, no damage reported to mines, gas projects

By: Reuters     19th February 2018 Tropical Cyclone Kelvin hit the resource-rich north coast of Western Australia on Sunday, lashing it with strong winds and causing floods that could cut the main highway for up to two weeks. The storm crossed the coast 165 km south-southwest of Broome early on Sunday morning with destructive... 

Isuzu launches standalone South African business, new mu-X utility vehicle

By: Megan van Wyngaardt     16th February 2018 Isuzu Motors South Africa (IMSA) on Friday not only launched its standalone business at its manufacturing plant in Struandale, Port Elizabeth – apart from the General Motors brand, following the latter’s exit from South Africa last year –  but also showcased its new bakkie-derived sports utility... 

Fortescue's Aboriginal programme hits A$2bn mark

By: Simone Liedtke     16th February 2018 Iron-ore major Fortescue Minerals' 'billion opportunities programme' has reached the A$2-billion-mark, with 250 contracts and sub-contracts having been awarded to 110 Aboriginal businesses and joint ventures in the seven years since its inception. CEO Nev Power said on Friday that the programme... 

Birimian settles tax issues through full disclosure

By: Schalk Burger     16th February 2018 ASX-listed lithium and gold exploration company Birimian has settled with the Australian Tax Office (ATO), which waived all penalties in relation to tax obligations after the Mali-focused company made voluntary disclosures of all its financial statements since August. The penalties were in... 

Newcrest expects output to grow as shakes off disruptions

By: Bloomberg     16th February 2018 Australia's top gold miner, Newcrest Mining, expects output to grow in the coming months as its flagship site gradually ramps up after operations there were hit by an earthquake last year, its chief executive said on Friday. That comes a day after the company reported a 58% slide in underlying... 

Sweden hunts for cobalt as electrical vehicle race boosts demand

By: Bloomberg     16th February 2018 Sweden will step up efforts to find precious minerals such as cobalt and lithium, key battery components that are increasingly in demand among makers of electric vehicles. The government will invest 10-million kronor ($1.26-million) over the next two years to map the existence of minerals... 

Alten Hulme

     16th February 2018 This week we feature Alten Hulme, chief sales and marketing officer of Konica Minolta South Africa, an office automation and business solutions company.   

Country-specific hazards emerge during self-driving car’s world tour

By: Irma Venter     16th February 2018 It may surprise the taxi haters, but South Africa is not the most challenging country to sit behind the wheel of a vehicle in self-driving mode. The winner is China, with its sometimes erratic cyclists, lack of lane markings and confusing traffic signals. Mercedes-Benz at the end of last year... 

Contract duration key to hybrid-power-for-mines investment case

By: Terence Creamer     15th February 2018 Alignment between a mine’s life and the tenor of a power purchase agreement (PPA) has been held up as the main consideration for those mining operations considering investments into hybrid power solutions, which combine renewable energy and battery storage with gas or diesel generators. Speaking... 

South32 announces special dividend after stronger-than-expected H1

By: Simone Liedtke     15th February 2018 Diversified miner South32 will return more money to shareholders, after reporting a stronger-than-expected $543-million underlying profit for the first half of the 2018 financial year. This meant that dividends to shareholders would be doubled. 

Russians, Saudis may go beyond oil alliance with LNG project

By: Bloomberg     15th February 2018 Russia and Saudi Arabia are seeking ways to amplify the success they’ve had working together to manage the oil market by reaching new energy deals, including one on liquefied natural gas. Signing a memorandum, Russian gas producer Novatek and Saudi oil giant Aramco agreed to consider teaming up... 

Indian mineral royalty rate revision on the cards

By: Ajoy K Das     15th February 2018 Signaling an imminent revision in royalties payable, barring coal, lignite and sand, the Indian government has constituted a study group to review existing rates, recommend any revision and suggest policy changes in administration of the royalty regime. According to a government order, the... 

Three months to first gold at Dalgaranga project

By: Schalk Burger     15th February 2018 Construction of the Dalgaranga gold project, in Western Australia, is on budget and ahead of schedule with first gold expected in May, ASX-listed gold exploration and development company Gascoyne Resources reported on Thursday. Construction of the 2.5-million-ton-a-year Dalgaranga processing... 

Global wind energy installations remain above 50 GW - GWEC

By: Simone Liedtke     14th February 2018 Installations in the global wind energy market remained above 50 GW in 2017, with Europe, India and the offshore sector having had record years. The Global Wind Energy Council (GWEC) on Wednesday released its 2017 market statistics, which highlighted a decrease to 19.5 GW for Chinese... 

Woodside lashes out at South Korea's Kogas over disputed LNG contract

By: Reuters     14th February 2018 Australia's Woodside Petroleum on Wednesday lashed out at Korea Gas Corp (Kogas) over a dispute it has with the South Korean company, saying KOGAS owes it money for an expired liquefied natural gas (LNG) contract from the North West Shelf Project. CEO Peter Coleman of Woodside Petroleum,... 

Upgraded resource estimate confirms Strandline's Tajiri as large-scale project

By: Simone Liedtke     14th February 2018 The mineral resource estimate of emerging heavy mineral sands (HMS) developer Strandline Resources' 100%-owned Tanga South Tajiri mineral sands project, in Tanzania, has more than doubled in contained heavy mineral content to 4.6-million tonnes. This result, the company announced on Wednesday,... 

M&R committed to deliver sub-Saharan power and water prospects as mega-project era draws to close 

By: Creamer Media Reporter      14th February 2018 The Power & Water business platform within JSE-listed engineering and construction group Murray & Roberts (M&R) is beginning to shift its attention from Eskom’s two megascale power station projects, in Limpopo and Mpumalanga respectively, to tackling a range of smaller opportunities in various... 

Gold Fields pays dividend on net loss, flat production, two fatalities

By: Martin Creamer     14th February 2018 Gold mining company Gold Fields on Wednesday announced a final dividend on a net loss and flat production, impacted by two fatalities. As per its trading statement released on February 8, headline earnings for 2017 were $194-million, or $0.24 a share, and net loss for the year was $35-million, or... 

Woodside buys ExxonMobil’s Scarborough field stake, announces A$2.5bn share sale

By: Mariaan Webb     14th February 2018 Australian oil and gas producer Woodside on Wednesday announced that it had entered into a binding agreement to buy ExxonMobil’s share of the Scarborough gas field, in the Carnavon basin as part of a A$2.5-billion share sale. The transaction involves an additional 50% interest in WA-1-R, which... 

Sustainable design is a ‘green’ light for long-term cost-savings

     13th February 2018 The challenge facing ‘green’ building in South Africa focuses on convincing clients that many of the additional costs associated with sustainable design are recouped within a fairly short period of time. Tenants are now demanding that buildings are either Green Star rated, or at least designed... 

Australia Parliament debates junior exploration tax incentive

By: Creamer Media Reporter      13th February 2018 The legislative debate in the federal Parliament to implement the Junior Minerals Exploration Tax Incentive (JMEI) is to resume on Tuesday evening, potentially bringing the incentive one step closer to implementation. Association of Mining and Exploration Companies (AMEC) CEO Warren Pearce said... 

Canada's Thor Explorations may raise up to $35m in a London listing

By: Reuters     12th February 2018 African miner Thor Explorations will most likely choose London's junior AIM market to list its shares this year in its bid to raise up to $35-million, its chief executive said on Friday. Thor, which is already listed in Toronto's TSX Venture Exchange (TSX-V), will use the proceeds of the new... 

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