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China continues to encourage foreign mining investment

By: Rebecca Campbell     22nd June 2018 In early April the People’s Republic of China established a new Ministry, that of Natural Resources (MNR). The creation of the new Ministry was part of a programme to restructure the country’s State Council (Cabinet). The MNR took over all the responsibilities of the previous (and now... 

China stresses importance to Africa of attracting foreign investment

By: Rebecca Campbell     8th June 2018 "Foreign investment can be a very practical, convenient and viable way for industrialisation," stressed Ambassador Zhou Yuxiao, Beijing's emissary to the Forum on China-Africa Cooperation (FOCAC), at the Africa Institute of South Africa-Human Sciences Research Council/Embassy of the People's... 

Siemens CEO urges more countries to participate in China’s Belt and Road Initiative

By: Zandile Mavuso     7th June 2018 China’s Belt and Road Initiative (BRI) represents a “new world trade order”, says Siemens global president and CEO Joe Kaeser. In a keynote address at the first Belt and Road International Summit, in Beijing, China, this week, he urged more countries to get actively involved in the BRI. 

Chinalco starts $1.3bn expansion of Peru copper mine

By: Reuters     4th June 2018 Aluminum Corp of China, known as Chinalco, at the weekend said it had started work on a $1.3-billion expansion of its Toromocho copper mine in central Peru. The investment will increase the mine's copper output by 45% by 2020, with the value of production exceeding $2-billion annually, Chinalco... 

EU starts new investigation into steel imports from China

By: Reuters     24th May 2018 The European Commission has opened an investigation into hot-rolled steel sheet piles imported from China to determine whether they are being dumped in Europe, according to a notice in the EU Official Journal on Thursday. The investigation into a form of steel used in construction was launched... 

Tariff war could derail global recovery – ECB

By: Reuters     7th May 2018 Protective tariffs imposed by the US in recent months have only had a minor impact on the world economy but a significant escalation in tensions could derail the recovery in global trade, the European Central Bank (ECB) said on Monday. Retaliation and a full fledged trade war could increase... 

Qatar steps in to buy Rosneft stake after China deal collapses

By: Bloomberg     7th May 2018 Qatar emerged as a major shareholder in Rosneft on Friday after a $9-billion deal to sell a stake in Russia’s State-run oil producer to China’s troubled CEFC Energy collapsed. Qatar Investment Authority stepped in after the sellers – a consortium of QIA itself and mining giant Glencore – told... 

Personalised Experiences, Neighbourhood ‘Live Sites’ And Temporary Venues Help Create More Inclusive, Cost-Effective Olympic Games Predicts Arup

3rd May 2018 Design, engineering and consulting firm Arup, has been involved in some of the best-known sporting destinations from the Singapore Sports Hub, through to the Bird’s Nest Stadium and Water Cube in Beijing and many of the venues and long-terms plans for London 2012 and the Queen Elizabeth Olympic... 

Up to 500 000 t of alumina being exported from China as Rusal crisis bites

By: Reuters     30th April 2018 Multiple shipments of alumina are being exported from China, with major suppliers agreeing deals of up to 500 000 t, in a rare move prompted by supply problems after U.S. sanctions on Russian producer Rusal. China is the biggest global producer and consumer of alumina, a compound extracted from... 

Syrian storm puts SA in uncomfortable company

By: Rebecca Campbell     27th April 2018 On April 7, Douma, in Syria, was subject to what appears to have been a chemical weapons attack. The Syrian Government has an independently-established (by the Organisation for the Prohibition of Chemical Weapons, or OPCW) record of using chemical weapons in the current civil war, and against... 

Trump: 'Very good chance' of a US-China trade deal

By: Reuters     25th April 2018 US President Donald Trump on Tuesday said the US would likely reach a trade agreement with China and that officials from both sides would sit down for negotiations in a few days. China has said it would welcome a visit by US Treasury Secretary Steven Mnuchin, who is seeking to resolve a tense... 

Mining firms from China to Canada watch as Greenland holds election

By: Reuters     21st April 2018 With melting ice expanding access to the Arctic, investors from China to Canada are watching Greenland's election next week for signs of the political will to get a flagging mining programme on the island back on track. Greenland is hoping rising commodity prices can help attract foreign... 

Africa's last absolute monarch renames Swaziland as eSwatini

By: Reuters     20th April 2018 Swaziland's King Mswati III, Africa's last absolute monarch, said on Thursday he was officially renaming the country as the Kingdom of eSwatini. He announced the change to eSwatini, meaning "land of the Swazis", in the local Swati language at Golden Jubilee celebrations of the fifteeth... 

Agreement for two hydrogen fuelling units struck

13th April 2018 Global industrial gases company Air Products has signed an agreement with State-owned Chinese power generation company Shenhua New Energy, a subsidiary of China’s energy conglomerate China Energy Investment Group, to provide two hydrogen containerised dispenser units to China Energy’s first... 

Global trade growth strong but at risk if conflict escalates, WTO says

By: Reuters     12th April 2018 World trade in goods is maintaining a robust recovery, but it still might falter if trade tensions escalate further, the World Trade Organization said in its annual forecast on Thursday. Trade in goods will grow 4.4% this year after a decade averaging 3.0% a year following the financial crisis.... 

World's top iron shipper says China import boom to level off

By: Bloomberg     9th April 2018 The world’s largest iron-ore exporter delivered a mixed message on the outlook, raising near-term price forecasts, but combining that revision with a more somber message that China’s gargantuan imports are set to level off as steel production eases in the coming years. Iron-ore will average... 

XI–LI CONSOLIDATION

30th March 2018 China premier Li Keqiang, left, shakes hands with Xi Jinping, China’s president, following parliament’s approving of Li's appointment to a second five-year term during the first session of the thirteenth National People's Congress at the Great Hall of the People in Beijing, China, on March 18. Li... 

Ex-Microsoft manager lands Responsible Cobalt Initiative role

By: Reuters     29th March 2018 A former manager for Microsoft Corp in China has been named as the first executive secretary of the Responsible Cobalt Initiative (RCI), which works to address social and environmental risks in the cobalt supply chain. Christina Feng, who managed the US tech giant's programme for the responsible... 

Profit at China's Jinchuan International surges on higher cobalt, copper prices

By: Reuters     28th March 2018 Chinese miner and metals trader Jinchuan Group International Resources said on Tuesday its 2017 net profit was almost five times bigger than a year earlier due to higher cobalt and copper prices. Jinchuan, which operates the Ruashi copper and cobalt mine, in the Democratic Republic of Congo, and... 

Rio sees $5bn copper expansion on track amid Swiss probe

By: Bloomberg     26th March 2018 Rio Tinto Group has yet to be contacted by Swiss authorities over a bribery investigation related to Mongolia’s giant Oyu Tolgoi copper and gold mine and the site’s $5.3-billion expansion remains on track, according to the producer’s top executive. The attorney general of Switzerland is... 

China partially wins WTO case over Obama-era US tariffs

By: Reuters     22nd March 2018 The US did not fully comply with a 2014 ruling against its anti-subsidy tariffs on a range of Chinese products, a World Trade Organisation compliance panel said in a ruling on Wednesday that either side can appeal within 20 days. The ruling came ahead of the White House's announcement on... 

G20 sees need for 'dialogue,' fails to diffuse trade war threat

By: Reuters     21st March 2018 The world's financial leaders rejected protectionism on Tuesday and urged "further dialogue" on trade, but failed to diffuse the threat of a trade war days before US metals tariffs take effect and Washington is to announce measures against China. Finance ministers and central bankers of the... 

Coal miner in China's Shanxi aims to boost 2018 coalbed gas output by 25%

By: Reuters     9th March 2018 Shanxi province's state-run coal mining business plans to increase coalbed methane (CBM) output by a quarter this year, an official told Reuters on Friday, as China's second-largest coal-producing region looks to boost clean fuel output. That comes in the wake of a push by Beijing to crack down... 

Lufthansa to upgrade its Cape Town/Munich service

By: Rebecca Campbell     8th March 2018 German flag carrier Lufthansa announced on Thursday that it would start flying its new-generation Airbus A350-900 airliners on its direct cape Town/Munich route in December. The airline ordered 25 of these aircraft last year, of which the first ten will be based in Munich, flying on routes... 

Africa should avoid forfeiting sovereignty to China over loans – Tillerson

By: Reuters     8th March 2018 US Secretary of State Rex Tillerson said on Thursday that African countries should weigh Chinese loans carefully, while adding that Washington was not trying to keep Chinese investment away from the continent. Tillerson, a former Exxon chief executive, is seeking to bolster security alliances on... 

China's Hebei aims to cut iron, steel making capacity by 20Mt in 2018

By: Reuters     8th March 2018 China's top steelmaking province of Hebei will aim to slash iron and steel making production capacity by more than 10-million tonnes each and shut down all "zombie" mills this year, the province's vice governor said on Thursday. Yuan Tongli, speaking on the sidelines of China's parliament, said... 

UBS warns of 'deep trade war' as commodity giant sees no winners

By: Bloomberg     7th March 2018 Raw materials are at great risk as Donald Trump’s White House prepares to pull the trigger on tariffs. UBS Group warned metals to energy will be hurt should US levies spark a global trade war, while commodity powerhouse Australia forecast only a damaging race to the bottom. “Obviously, going... 

Australia's Lowe warns Trump tariffs could shock global economy

By: Bloomberg     7th March 2018 Australian central bank Governor Philip Lowe slammed President Donald Trump’s tariffs proposal, warning escalation and retaliation could develop into a “very big shock for the global economy.” In unusually strong language for the Reserve Bank of Australia chief, Lowe described Trump’s proposed... 

Pushback on Trump tariffs gathers steam, Mexico rejects bid to split NAFTA

By: Reuters     6th March 2018 Republican lawmakers stepped up calls for President Donald Trump to pull back from proposed tariffs on steel and aluminium imports as key trading partner Mexico rejected a bid by Washington to drive a wedge between it and Canada in talks to renegotiate the North American Free Trade Agreement.... 

Glencore's talks to sell cobalt to Chinese firm falter on price

By: Reuters     6th March 2018 Glencore is in talks to sell around a quarter of its cobalt output in a one-year deal to Chinese firm GEM, but price is a sticking point as Glencore and other major producers are now able to exert more influence in negotiations, sources said. Cobalt has increasingly come under the spotlight over... 

Africa’s leading industry trade fair prepares to open its doors

By: Creamer Media Reporter      6th March 2018 The countdown has begun: bauma CONEXPO AFRICA opens its doors for the third time in one week. The largest trade fair for construction machinery, building material machines, mining machines and construction vehicles in Africa continues to attract international participation, highlighted by four... 

China will cut 30Mt of steel, 150Mt of coal this year – NDRC

By: Reuters     5th March 2018 China will cut steel capacity by 30-million tonnes and coal output by 150-million tonnes this year, its top economic planner said on Monday, putting the world's top metal and energy market on track to beat long-term targets. In a work report at the opening of the annual meeting of parliament, the... 

First-time participant hopes to gain industry exposure

By: Melissa Zisengwe     2nd March 2018 For the first time since the establishment of bauma CONEXPO AFRICA, high frequency fine screening equipment designer, manufacturer and supplier Landsky will showcase its products to industry leaders and high-profile buyers in Southern Africa.  

Vale notches record iron-ore output in 2017, sales slip

By: Reuters     16th February 2018 Brazilian miner Vale said on Friday that total iron-ore output reached a record of 366.5-million tonnes last year, boosted by record high production from its so-called northern system, even as iron ore sales slipped slightly from 2016. The northern system, composed of its Carajás, Serra Leste... 

Langfang gas combined-cycle power plant, China

By: Sheila Barradas     16th February 2018 China's State Power Investment Corporation is building an 800 MW combined-cycle power plant in the Anci Economic Development Zone of Langfang City, in Hebei province. 

China will crack down on illegal coal mining in 2018 – safety watchdog

By: Reuters     12th February 2018 China will carry out "special action" in 2018 to crack down on illegal coal mining to ensure safe mine operations and reduce output capacity, the State Administration of Work Safety said in a statement on Monday. Coal mines that fail to meet safety measures or operational standards will be... 

On-The-Air (09/02/2018) 

By: Martin Creamer     9th February 2018 Every Friday morning, SAfm's AMLive's radio anchor Sakina Kamwendo speaks to Martin Creamer, publishing editor of Engineering News and Mining Weekly.  Reported here is this Friday's At the Coalface transcript: Kamwendo: China's colossal Clean Air Revolution is poised to give massive support to... 

China gives new incentives to boost high-quality coal capacity

By: Reuters     9th February 2018 China plans to increase high-quality coal supply by allowing mines to boost capacity if they shut outdated production processes, the latest effort by authorities to further streamline the industry and stabilise coal prices. Coal companies will be encouraged to close inefficient and polluting... 

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